ALL OTHER
DEBT AND ALL OTHER OBLIGATIONS OF BORROWER SECURED BY THIS SECURITY INSTRUMENT,
IN ANY ORDER THAT LENDER CHOOSES; (4) REPAYMENT OF THE PORTION OF THE DEBT
ATTRIBUTABLE TO THE ENVIRONMENTAL DAMAGES AND COSTS INCURRED BY LENDER WITH
RESPECT TO ANY ENVIRONMENTAL PROBLEM UNDER THE TERMS OF THIS SECURITY
INSTRUMENT, PLUS INTEREST AT THE DEFAULT RATE; AND (5) THE REMAINDER, IF ANY, TO
SATISFY THE OUTSTANDING BALANCE OF OBLIGATIONS SECURED BY ANY JUNIOR
ENCUMBRANCES IN THE ORDER OF THEIR PRIORITY, THEN TO BORROWER OR BORROWER'S
SUCCESSOR IN INTEREST.
(VIII)
PROOF OF COMPLIANCE WITH THE LAW.
IF THERE IS A SALE OF THE
PROPERTY, OR ANY PART OF IT, AND THE EXECUTION OF A DEED FOR IT, THE RECITAL OF
DEFAULT AND OF RECORDING NOTICE OF BREACH AND ELECTION OF SALE, AND OF THE
ELAPSING OF THE REQUIRED TIME BETWEEN THE RECORDING AND THE FOLLOWING NOTICE,
AND OF THE SALE SHOULD BE MADE, WILL BE CONCLUSIVE PROOF OF THE DEFAULT,
RECORDING, ELECTION, ELAPSING OF TIME, AND THE DUE GIVING OF NOTICE, AND THAT
THE SALE WAS REGULARLY AND VALIDLY MADE ON PROPER DEMAND BY LENDER.
ANY DEED
WITH THESE RECITALS WILL BE EFFECTUAL AND CONCLUSIVE AGAINST BORROWER, ITS
SUCCESSORS, AND ASSIGNS, AND ALL OTHER PERSONS.
THE RECEIPT FOR THE PURCHASE
MONEY RECITED OR IN ANY DEED EXECUTED TO THE PURCHASER WILL BE SUFFICIENT
DISCHARGE TO THE PURCHASER FROM ALL OBLIGATIONS TO SEE TO THE PROPER APPLICATION
OF THE PURCHASE MONEY.
(B)
ACCEPTANCE BY TRUSTEE.
TRUSTEE ACCEPTS THIS TRUST WHEN THIS
SECURITY INSTRUMENT, DULY EXECUTED AND ACKNOWLEDGED, IS MADE A PUBLIC RECORD AS
PROVIDED BY LAW.
TRUSTEE IS NOT
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OBLIGATED TO NOTIFY ANY PARTY HERETO OF PENDING SALE UNDER ANY OTHER DEED OF
TRUST OR OF ANY ACTION OR PROCEEDING IN WHICH BORROWER, LENDER OR TRUSTEE SHALL
BE A PARTY UNLESS BROUGHT BY TRUSTEE.
(C)
RIGHTS AND DUTIES.
IT SHALL BE NO PART OF THE DUTY OF TRUSTEE TO
SEE TO ANY RECORDING, FILING OR REGISTRATION OF THIS SECURITY INSTRUMENT OR ANY
OTHER INSTRUMENT IN ADDITION OR SUPPLEMENTAL HERETO, OR TO GIVE ANY NOTICE
THEREOF, OR TO SEE TO THE PAYMENT OF OR BE UNDER ANY DUTY IN RESPECT OF ANY TAX
OR ASSESSMENT OR OTHER GOVERNMENTAL CHARGE WHICH MAY BE LEVIED OR ASSESSED ON
THE PROPERTY, OR ANY PART THEREOF, OR AGAINST TRUSTEE, OR TO SEE TO THE
PERFORMANCE OR OBSERVANCE BY BORROWER OF ANY OF THE COVENANTS AND AGREEMENTS
CONTAINED HEREIN.
TRUSTEE SHALL NOT BE RESPONSIBLE FOR THE EXECUTION,
ACKNOWLEDGEMENT OR VALIDITY OF THIS SECURITY INSTRUMENT OR OF ANY INSTRUMENT IN
ADDITION OR SUPPLEMENTAL HERETO OR FOR THE SUFFICIENCY OF THE SECURITY PURPORTED
TO BE CREATED HEREBY, AND MAKES NO REPRESENTATION IN RESPECT THEREOF OR IN
RESPECT OF THE RIGHTS OF LENDER.
TRUSTEE SHALL HAVE THE RIGHT TO ADVICE OF
COUNSEL UPON ANY MATTERS ARISING HEREUNDER AND SHALL BE FULLY PROTECTED IN
RELYING AS TO LEGAL MATTERS ON THE ADVICE OF COUNSEL.
TRUSTEE SHALL NOT INCUR
ANY PERSONAL LIABILITY HEREUNDER EXCEPT FOR ITS OWN GROSS NEGLIGENCE OR