CONVEYANCE, ASSIGNMENT AND
TRANSFER, AND MAY SUBSTITUTE ONE OR MORE PERSONS WITH LIKE POWER, TRUSTOR HEREBY
RATIFYING AND CONFIRMING ALL THAT ITS SAID ATTORNEY OR SUCH SUBSTITUTE OR
SUBSTITUTES SHALL LAWFULLY DO BY VIRTUE HEREOF.
ANY SALE OR SALES MADE UNDER OR
BY VIRTUE OF THIS PARAGRAPH 10, WHETHER MADE UNDER THE POWER OF SALE HEREIN
GRANTED OR UNDER OR BY VIRTUE OF JUDICIAL PROCEEDINGS OR OF A JUDGMENT OR DECREE
OF FORECLOSURE AND SALE, SHALL OPERATE TO DIVEST ALL THE ESTATE, RIGHT, TITLE,
INTEREST, CLAIM AND DEMAND WHATSOEVER, WHETHER AT LAW OR IN EQUITY, OF BORROWER
IN AND TO THE PROPERTIES AND RIGHTS SO SOLD, AND SHALL BE A PERPETUAL BAR BOTH
AT LAW AND IN EQUITY AGAINST BORROWER AND AGAINST ANY AND ALL PERSONS CLAIMING
OR WHO MAY CLAIM THE SAME, OR ANY PART THEREOF, FROM, THROUGH OR UNDER BORROWER,
SUBJECT ONLY TO SUCH REDEMPTION RIGHTS AS ARE REQUIRED BY LAW.
(E)
TO THE EXTENT PERMITTED BY LAW, UPON ANY SALE MADE UNDER OR BY
VIRTUE OF THIS PARAGRAPH 10, WHETHER MADE UNDER A POWER OF SALE OR UNDER OR BY
VIRTUE OF JUDICIAL PROCEEDINGS OR OF A JUDGMENT OR DECREE OF FORECLOSURE AND
SALE, LENDER MAY BID FOR AND ACQUIRE THE PROPERTY OR ANY PART THEREOF AND IN
LIEU OF PAYING CASH THEREFOR MAY MAKE SETTLEMENT FOR THE PURCHASE PRICE BY
CREDITING UPON THE DEBT THE NET SALES PRICE AFTER DEDUCTING THEREFROM THE
EXPENSES OF THE SALE AND COSTS OF THE ACTION AND ANY OTHER SUMS WHICH LENDER IS
AUTHORIZED TO DEDUCT UNDER THIS SECURITY INSTRUMENT OR ANY OTHER LOAN DOCUMENT.
(F)
NO RECOVERY OF ANY JUDGMENT BY LENDER AND NO LEVY OF AN EXECUTION
UNDER ANY JUDGMENT UPON THE PROPERTY OR UPON ANY OTHER PROPERTY OF BORROWER
SHALL AFFECT IN ANY MANNER OR TO ANY EXTENT THE LIEN OF THIS SECURITY INSTRUMENT
UPON THE PROPERTY OR ANY PART THEREOF, OR ANY LIENS, RIGHTS, POWERS OR REMEDIES
OF LENDER HEREUNDER, BUT SUCH LIENS, RIGHTS, POWERS AND REMEDIES OF LENDER SHALL
CONTINUE UNIMPAIRED AS BEFORE.
(G)
TO THE EXTENT PERMITTED BY LAW, LENDER MAY TERMINATE OR RESCIND
ANY PROCEEDING OR OTHER ACTION BROUGHT IN CONNECTION WITH ITS EXERCISE OF THE
REMEDIES PROVIDED IN THIS PARAGRAPH 10 AT ANY TIME BEFORE THE CONCLUSION
THEREOF, AS DETERMINED IN LENDER'S SOLE DISCRETION AND WITHOUT PREJUDICE TO
LENDER.
(H)
LENDER MAY RESORT TO ANY REMEDIES AND THE SECURITY GIVEN BY THIS
SECURITY INSTRUMENT OR IN ANY OTHER LOAN DOCUMENT IN WHOLE OR IN PART, AND IN
SUCH PORTIONS AND IN SUCH ORDER AS DETERMINED BY LENDER'S SOLE DISCRETION.
NO
SUCH ACTION SHALL IN ANY WAY BE CONSIDERED A WAIVER OF ANY RIGHTS, BENEFITS OR
REMEDIES EVIDENCED OR PROVIDED BY ANY LOAN DOCUMENT.
THE FAILURE OF LENDER TO
EXERCISE ANY RIGHT, REMEDY OR OPTION PROVIDED IN ANY LOAN DOCUMENT SHALL NOT BE
DEEMED A WAIVER OF SUCH RIGHT, REMEDY OR OPTION OR OF ANY COVENANT OR OBLIGATION
SECURED BY ANY LOAN DOCUMENT.
NO ACCEPTANCE BY LENDER OF ANY PAYMENT AFTER THE
OCCURRENCE