EVENT ANY SALE HEREUNDER IS NOT
COMPLETED OR IS DEFECTIVE IN THE OPINION OF HOLDER, SUCH SALE SHALL NOT EXHAUST
THE POWER OF SALE HEREUNDER AND HOLDER SHALL HAVE THE RIGHT TO CAUSE A
SUBSEQUENT SALE OR SALES TO BE MADE HEREUNDER.
IF THE PROCEEDS OF ANY SALE OF
LESS THAN THE WHOLE OF THE PROPERTY SHALL BE LESS THAN THE AGGREGATE OF THE
SECURED INDEBTEDNESS AND THE EXPENSE OF EXECUTING THIS TRUST AS PROVIDED HEREIN,
THIS DEED OF TRUST AND THE LIEN HEREOF SHALL REMAIN IN FULL FORCE AND EFFECT AS
TO THE UNSOLD PORTION OF THE PROPERTY JUST AS THOUGH NO SALE HAD BEEN MADE;
PROVIDED, HOWEVER, THAT NEITHER BORROWERS NOR GRANTOR SHALL HAVE ANY RIGHT TO
REQUIRE THE SALE OF LESS THAN THE WHOLE OF THE PROPERTY BUT HOLDER SHALL HAVE
THE RIGHT, AT ITS SOLE ELECTION, TO REQUEST TRUSTEE TO SELL LESS THAN THE WHOLE
OF THE PROPERTY.
(III)
TRUSTEE MAY, AFTER ANY REQUEST OR DIRECTION
BY HOLDER, SELL NOT ONLY THE REAL PROPERTY BUT ALSO THE COLLATERAL AND OTHER
INTERESTS WHICH ARE A PART OF THE PROPERTY, OR ANY PART THEREOF, AS A UNIT AND
AS A PART OF A SINGLE SALE, OR MAY SELL ANY PART OF THE PROPERTY SEPARATELY FROM
THE REMAINDER OF THE PROPERTY.
IT SHALL NOT BE NECESSARY FOR TRUSTEE TO HAVE
TAKEN POSSESSION OF ANY PART OF THE PROPERTY OR TO HAVE PRESENT OR TO EXHIBIT AT
ANY SALE ANY OF THE COLLATERAL.
(IV)
AFTER EACH SALE, TRUSTEE SHALL RECEIVE THE
PROCEEDS OF SAID SALE AND APPLY THE SAME AS HEREIN PROVIDED.
PAYMENT OF THE
PURCHASE PRICE TO TRUSTEE SHALL SATISFY THE OBLIGATION OF PURCHASER AT SUCH SALE
THEREFOR, AND SUCH PURCHASER SHALL NOT BE RESPONSIBLE FOR THE APPLICATION
THEREOF.
(V)
TRUSTEE OR ITS SUCCESSOR OR SUBSTITUTE MAY
APPOINT OR DELEGATE ANY ONE OR MORE PERSONS AS AGENT TO PERFORM ANY ACT OR ACTS
NECESSARY OR INCIDENT TO ANY SALE HELD BY TRUSTEE, INCLUDING THE POSTING OF
NOTICES AND THE CONDUCT OF SALE, BUT IN THE NAME AND ON BEHALF OF TRUSTEE, ITS
SUCCESSOR OR SUBSTITUTE.
IF TRUSTEE OR ITS SUCCESSOR OR SUBSTITUTE SHALL HAVE
GIVEN NOTICE OF SALE HEREUNDER, ANY SUCCESSOR OR SUBSTITUTE TRUSTEE THEREAFTER
APPOINTED MAY COMPLETE THE SALE AND THE CONVEYANCE OF THE PROPERTY PURSUANT
THERETO AS IF SUCH NOTICE HAD BEEN GIVEN BY THE SUCCESSOR OR SUBSTITUTE TRUSTEE
CONDUCTING THE SALE.
(D)
UNIFORM COMMERCIAL CODE.
WITHOUT LIMITATION
OF ANY RIGHTS OF ENFORCEMENT OF HOLDER AND LENDERS WITH RESPECT TO THE
COLLATERAL OR ANY PART THEREOF IN ACCORDANCE WITH THE PROCEDURES FOR FORECLOSURE
OF REAL ESTATE, HOLDER MAY EXERCISE ITS RIGHTS OF ENFORCEMENT WITH RESPECT TO
THE COLLATERAL OR ANY PART THEREOF UNDER THE CALIFORNIA UNIFORM COMMERCIAL CODE,
AS IN EFFECT FROM TIME TO TIME (OR UNDER THE UNIFORM COMMERCIAL CODE IN FORCE,
FROM TIME TO TIME, IN ANY OTHER STATE TO THE EXTENT THE SAME IS APPLICABLE LAW)
AND IN CONJUNCTION WITH, IN ADDITION TO OR IN SUBSTITUTION FOR THOSE RIGHTS AND
REMEDIES:
(I) HOLDER MAY