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-s- ~~ ~ - tlG23Q~ of the Property and if Beneficiary desires the Property to be sold, it shall deposit with Trustee this Trust Deed and all promissory notes and documents evidencing expenditures secured hereby, and- shall deliver to Trustee a written notice of default and election to cause the Property to be sold, and the Trustee in turn shall prepare a similar Notice in Che form required by lass, which-shall bs duly filed for record by Trustee. (a) After the lapse of such time as may be required by law following the recordation of said notice of default, and notice of sale having been given as required by law, Trustee, without demand on T.ustor, shall sell- the Property an the date and at the time and place- designated in said notice of sale, at public auction to the highest bidder, the purchase price payable in lawful Honey of the United States at the time of sale. The person conducting the sale may, for any cause he deems expedient, postpone the sale from time to time until it shall be completed and, in every such case, notice of postponement shall be given by public declar- ation thereof by such person at the time and place last appointed far the sale; provided, if the sale is post- poned far longer than one (i) day beyond the day desig- nated in the notice of sai.e, Notice thereof shall be given in the seas manner as the original notice of sale. Trustee shall execute and deliver to the pur- chaser his Deed conveying the Property sold, but with- out any covenant or warranty, express or i:~plied. The recitals in t;e Deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including Beneficiary, may purchase at the sale. {b) '.then Trustee sells pursuant to the powers herein, the Trustee shall ap;:1y the proceeds of the sale to payment of the casts and expenses of exercising the power of sale and of the sale, including the payrsent o€ Che frustee's Fees actually incurred, and then to the :.tams in subparagraph {c) in r_he order there st4~ed. {c) After paying the items specified in subparagraph (b) if the sale is by Trustee, ar the pxaper 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 to the gay- ment af: (1) Cast of any evidence of title procured in connection with such sale and of any revenue stamps or tax; {2) All sums then secured hereby; {~~ The remainder, if any, to the person leg- ` ~ ally entitled thereto. 15. Duties and Obli Lions of Trustee. {a) The duties and Ubli- gafiions a rustee steal aeterm ne solely by the express pro- - visions of this Trust Deed, and Trustee shall Hat be liable except for the performance of such duties and obligations as eze specifi- eally set forth herein, and no implied covenants ar obligations shall be im~'sosed upon Trustee; ~;'o) Na provision of this Trusc ~ shall require Trustee to expend or risk his own funds, or oChszwise incur any financial abligatian in the periarmance of say of its duties hereunder, or in the exercise of any of its right. or pos+ars, if it shall have grounds far believing that the repay~axat of ss~sdh funds or adequate indemnity against such risk or