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tib Improvements from depredation or injury and to preserve and protect the Collateral, and to continue any and all outstanding contracts for the erection and completion of Improvements to the Premises, to make and enter into any contracts and obligations wherever necessary in its own nave, and to pay and discharge all debts, obligations and liabilities incurred thereby, all at the expense of the Mortgagor. All such expenditures by the Agent shall be Liabilities under this Mortgage for all purposes. Upon the occurrence of any Default, the Trustees, the Agent and the Lenders may also exercise any or all righte or remedies under the Loan Agreement, the Notes, the Surco Note, the Bank Guaranty or the Sureo Guaranty. 2.4. Power of Sale of Real Property Constituting a Part of the Collateral. Upon the occurrence of a Default and if such Default shall be continuing, the Trustees shall have the right and power to sell, to the extent permitted by law, at one or more sales, as an entirety or in parcels, as they may elect, the real property constituting a part of the Collateral, at such place or places and otherwise in such manner and upon such notice as may be required by law, or, in the absence of any such requirement, as the Trustees may deem appropriate, and to make conveyance to the purchaser or purchasers; and the Mortgagor shall warrant title to such real property to such purchaser or purchasers. The Trustees may postpone the sale of all or any portion of such real property by public announcement at the time and place of such sale, and from time to time thereafter may further postpone such sale by public announcement made at the time of sale fixed by the preceding postponement. The right of sale hereunder shall not be exhausted by one or any sale, and the Trustees may make other and successive sales until all of the trust estate be legally sold. With respect to that portion, if any, of the Collateral situated in the State of Wyoming, this instrument may be foreclosed by advertisement and sale as provided by applicable Wyoming statutes. 2.5. Riqhts of the Agent with Respect to Personal Property Constitutin a Part of the Collateral. Upon the occurrence of a Default and it such Default shall be continuing, the Agent will have all rights and remedies granted by law, and particularly by the Uniform Commercial Code, including, but not limited to., the right to take possession of all personal property constituting a part of the Collateral, and for this purpose the Agent may enter upon any premises on which any or all of such personal property is situated and take possession of and operate such personal property (or any portion thereof) or remove it -24- U