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<br /> <br /> <br />-4- <br /> <br />83';;;" 006589 <br /> <br />Notice of Default and Election to cause the property to be sold, <br />and the Trustee, in turn, shall prepare a similar Notice in a <br />form required by law, which shall be duly filed for record by <br />Trustee. <br /> <br />a~ After the lapse of such time as may be required <br />by law, following the recording of said Notice of Default, <br />and Notice of Sale, having been given as required by law, <br />Trustee, without demand upon Trustor, shall sell the pro- <br />perty on the date and at the time and place designated in <br />said Notice of Sale at public auction to the highest bidder, <br />the purchase price payable in lawful money of the United <br />States at the time of sale. The person conducting the sale <br />may, for any cause he deems expedient, postpone the sale <br />from time to time until it shall be completed, and, in <br />every such case, the notice of postponement shall be given <br />by public declaration thereof by such person at the time <br />and place last appointed for the sale; provided, if the <br />sale is postponed for longer than one day beyond the day <br />designated in the Notice of Sale, notice thereof shall be <br />given in the same manner as the original notice of sale. <br />Trustee shall execute and deliver to the purchaser, his <br />Deed conveying the property so sold, but without any cove- <br />nant or warranty, express or implied. The recitals in the <br />Deed of any matters or facts shall be conclusive proof of <br />the truthfulness thereof. Any person, including Beneficiary, <br />may purchase at the sale. <br /> <br />b. When Trustee sells, pursuant to the powers herein, <br />the Trustee shall apply the proceeds of the sale to payment <br />of the costs and expenses of exercising the power of sale, <br />and of the sale, including the payment of the Trust", '" fees. <br /> <br />c. After paying the items specified in Subparagraph b, <br />if the sale is by Trustee. or the proper Court, and other <br />costs of foreclosure and sale. if the sale is pursuant to <br />judicJ.al foreclosure, the ~}roceeds of the sale' shall be <br />applied in the order stated, to the payment of: <br /> <br />l. Cost of any evidence of title procured <br />~n connection with such sale, and of any documentary <br />or revenue taXi <br /> <br />ii. All sums then secured hereby; <br /> <br />iii. The remainder, if ~ny, to the person legally <br />entitled thereto. <br /> <br />10. Duties and Obligations of Trustee. The duties and <br />obligations of Trustee 'shall be determined solely by the express <br />proviSions of this Trust Deed, and Trustee shall not be liable <br />except for the performance of such duties and obligations as <br /> <br />u <br /> <br />L <br /> <br />..J <br /> <br />L <br />