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i ss— io75 -16 incurred, which Trustee's Fees shall not in the aggregate exceed the following amounts based upon the amount secured herehy and remaining unpaid: 5% on the first $1,000 thereof; .058 on the balance thereof; and then to the items in subparagraph (c) hereof in the order therein stated. (c) After paying the items specified in subparagraph (b), if the sale is by Trustee, or the proper court and other costs of foreclosure and sale if the sale is pursuant to judicial foreclosure, the proceeds of sale shall be applied in the order stated below to the payment of: (1) Cost of any evidence of title procured in connection with such sale and of any revenue required to be paid; (2) All sums thpn secured hereby; (3) The remainder, if any, to the person legally entitled thereto. 3.05. Uniform Commercial Code. Should Beneficiary elect to cause the disposal of any of the Property subject to the Security Agreement in Paragraph 1.07, it may dispose of any part thereof in any manner now of hereafter permitted by the Uniform Commercial Code of the Governing Jurisdiction or in accordance with any other remedy provided by law. Any such disposition may be conducted by an employee or agent of Beneficiary or Trustee. Both Trustor and Beneficiary shall be eligible to purchase any part or all of such Property at any such disposition. Any such disposition may be either public or private as Beneficiary may elect, subject to the provisions of the Uniform Commercial Code of the Governing Jurisdiction. Beneficiary shall have all of the rights and remedies of a Secured Party under the Uniform Commercial Code of the Governing Jurisdiction. Expenses of retaking, holding, preparing for sale, selling or the like shall include Beneficiary's reasonable attorneys' fees and legal expenses, and upon such default. Trustor, upon demand of Beneficiary, shall assemble such Property and make it available to Beneficiary at the Premises, a place which is hereby deemed reasonably convenient to Beneficiary and Trustor. Beneficiary shall give Trustor at least ten (10) days' prior written notice of the time and place of any public sale or other disposition of such Property or of the time at or after which any private sale or any other intended disposition is to be made, and if such notice is sent to Trustor, in the manner provided for the mailing of notices herein, it shall constitute reasonable notice to Trustor. Out of the proceeds of any sale, the Beneficiary may retain an amount equal to the principal and interest then due on the Note, plus the amount of the expenses of the sale, and .hall pay any balance of such proceeds to the Trustor. In the event that the proceeds of any sale are insufficient to cover the principal and interest of the Note plus expenses of the sale, the Trustor shall remain liable to the Beneficiary for any deficiency. 3.O6. Execute Documents. Upon the completion of any sale or sales made by Trustee or Beneficiary, as the case may be, under or by virtue of this Article III, Trustee or any officer of any court empowered to do so, shall execute and deliver to the accepted purchaser or purchasers a good and sufficient instrument, or good and sufficient instruments, conveying, assigning and transferring all estate, right, title and interest in and to the Property and rights sold. Trustee is hereby irrevocably appointed the true and lawful attorney -in -fact of Trustor in its name and stead to make all necessary conveyan -es, assignments, transfers and deliveries of the Property or any part thereof and the rights so sold and for that purpose Trustee may execute all necessary instruments of conveyance, assignment and transfer, and may substitute one or more persons with like power, Trustor hereby ratifying and confirming all that its said attorney or any substitute or substitutes shall lawfully do by -14- r