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86--- IOJ 845 2.9. Certain Aspects of a Sale. The Agent, on behalf of one or more of the Len ers, shall have the right to the become the purchaser at any sale held by the Trustees or the Agent, or by any court, receiver or public officer, and the amount of the Agent shall have the right to credit upon bid made therefor the amount payable out of the net proceeds of such sale to it. Recitals contained in any conveyance made to any purchaser at any sale made hereunder shall conclusively establish the truth and accuracy of the matters therein stated, including, without limiting the generality of the foregoing, nonpayment of the unpaid principal-sum of, and the interest accrued on, the Notes, the Surco Note, the Bank Guaranty and the Surco Guaranty after the same have become due and payable, advertisement and conduct of such sale in the manner provided herein or appointment of any successor Trustee hereunder. 2.10. Receipt to Purchaser. Upon any sale, whether made under the power o sale herein granted and conferred, or by virtue or judicial proceedings, the receipt of the Trustees or the Agent, or of the officer making sale under judicial proceedings, shall be sufficient discharge to the purchaser or purchasers at any sale for his or their purchase money, and such purchaser or purchasers, or his or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of the Trustees or of such officer therefor, be obliged to see to the application of such purchase money, or be in anywise t answerable for any loss, misapplication or nonapplication thereof. 2.11. Effect (,f Sale. Any sale or sales of the X Collateral, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of the Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against the Mortgagor, and the Mortgagor's successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under the Mortgagor or the Mortgagor's successors or assigns. Nevertheless, the Mortgagor, if requested by the Trustees so to do, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold. 2.12. Application of Proceeds. The proceeds of any sale of the Collateral, or any part thereof, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall be applied as follows: -26- L