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<br />84 - 005068
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<br />upon such election B.eneficiary or Trustee shall give' such.
<br />notice of an Event of Default and election.to sell asltrOiY
<br />then be required by applicable law. Thereafter., uponthe<
<br />expiration of such time and the giving of such notic&q;f:'
<br />sale as may then be required by applicable law, and withb~~
<br />the necessity of any demand on Grantor, Trustee, . at.the<ti~:
<br />and place specified in the notice of sale, shall sell-the;:
<br />Collateral or any portion thereof specified by Bel'le'fic:tar?i
<br />at public auc'tion to the highest bidder for c.ash in lawful
<br />money of the United States, payable at. time of se,l~,
<br />Trustee may, and upon request of Beneficiary shall, from
<br />'time to time, postpone any such sale by public announcem&nt
<br />thereof at the time and place noticed therefor or fiXed by'
<br />the previous postponement, If the Collateral consists of
<br />several lots or parcels, Beneficiary may designate the order
<br />in which such lots or parcels shall be offered for sale or
<br />sold, Grantor hereby 'expressly waiving its right to so
<br />direct such order of sale.
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<br />(v) Trustee's Instrument of Convevance. Upon the
<br />complet1on of any sale made by Trustee or Beneficiliry, as
<br />the case may be, under or by vir'tue of this Paragraph,
<br />Trustee or Beneficiary, as applicable, or any officer of any
<br />cour't empowered 'to do so shall execl~t'" and deliver to th&
<br />accepted purchaser good a,' 0 sufficient instruments
<br />conveY1ng, asslgnlng and t> "m ~ ~rring ;.11 estate, right,
<br />title and interest jn and' the property and rights sold,
<br />but without any covenant or v.tarranty \l:hatsoever I express or
<br />lmplled. ~hereupon such purchaser shall be let lnto
<br />lmmediate posseSS1on, With respect to any :cale made under
<br />or by V1 ::tue 0: thi s Faragraph, Trustee is hereby appointed
<br />1rrevocably the true and lawful attorney of Grantor in its
<br />name and stead, ~ith full power of substitution, to make all
<br />necessary conveyances. assigr~ents, transfers and deliveries
<br />of the Collateral or any part 'thereof so sold and the rights
<br />so sold, and fo:: that purpose Trustee may execute all
<br />necessary 1nstruments of conveyance, asslgnment and
<br />transfer, and may substitute one or more persons with like
<br />power, Grantor hereby ratifY1ng and confirming all that its
<br />said attorney or any substitute or substitutes shall
<br />lawfully do by vlrtue thereof, Nevertheless, Grantor, if so
<br />~equested by ?rustee or Benefic1ary, shall ratlfy and
<br />conf:rm any such sale by execut:ng and delivering to Trustee
<br />Gr to such purchaser all such instruments as may be
<br />adv1sable, 111 the Judgment of Trustee or Beneficiary, for
<br />the purpose as may be des1gnated 1n such request, Any sale
<br />made under or by virtue of this Paragraph shall operate to
<br />dlvest all of the estate, rlght, title, interest, cla1m and
<br />demand whatsoever, whether at law or in equity, of Grantor
<br />1n and to the properties and rlghts so sold, and shall be a
<br />perpetual bar, both at law and in equ1ty against Grantor and
<br />any and all persons cla1m1ng or who may claim the same, or
<br />any part ther~of, from through or under Grantor,
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<br />The reoitals in any such deed or 1nstrument of conveyance of
<br />any matters or facts, includ1ng but not lim1'ted to those of
<br />default and not1ce of sale, demand that such sale should be
<br />maQe, postponement of sale, terms of sale, sale, purchase,
<br />paymen~ of purchase money and other fact.s affect.lnq the
<br />regularity or valid~~y of such sale of dlsposition. shall be
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