OR UNDER THE UCC, INCLUDING THE RIGHT TO
RECEIVE AND/OR ESTABLISH A LOCK BOX FOR ALL RENTS AND PROCEEDS FROM THE
INTANGIBLES AND ANY OTHER RECEIVABLES OR RIGHTS TO PAYMENTS OF BORROWER RELATING
TO THE PROPERTY.
In the event of a sale, by foreclosure or otherwise, of less than all of the
Property, this Security Instrument shall continue as a lien on the remaining
portion of the Property.
(B)
THE PROCEEDS OF ANY SALE MADE UNDER OR BY
VIRTUE OF THIS PARAGRAPH 10, TOGETHER WITH ANY OTHER SUMS WHICH THEN MAY BE HELD
BY LENDER UNDER THIS SECURITY INSTRUMENT, WHETHER UNDER THE PROVISIONS OF THIS
PARAGRAPH OR OTHERWISE, SHALL BE APPLIED BY LENDER TO THE PAYMENT OF THE DEBT IN
SUCH PRIORITY AND PROPORTION AS LENDER IN ITS SOLE DISCRETION SHALL DEEM PROPER.
(C)
TO THE EXTENT PERMITTED BY LAW, LENDER MAY
ADJOURN FROM TIME TO TIME ANY SALE BY IT TO BE MADE UNDER OR BY VIRTUE OF THIS
SECURITY INSTRUMENT BY ANNOUNCEMENT AT THE TIME AND PLACE APPOINTED FOR SUCH
SALE OR FOR SUCH ADJOURNED SALE OR SALES; AND, EXCEPT AS OTHERWISE PROVIDED BY
ANY APPLICABLE LAW, LENDER, WITHOUT FURTHER NOTICE OR PUBLICATION, MAY MAKE SUCH
SALE AT THE TIME AND PLACE TO WHICH THE SAME SHALL BE SO ADJOURNED.
(D)
UPON THE COMPLETION OF ANY SALE OR SALES
PURSUANT HERETO, LENDER, OR AN OFFICER OF ANY COURT EMPOWERED TO DO SO, SHALL
EXECUTE AND DELIVER TO THE ACCEPTED PURCHASER OR PURCHASERS A GOOD AND
SUFFICIENT INSTRUMENT, OR GOOD AND SUFFICIENT INSTRUMENTS, CONVEYING, ASSIGNING
AND TRANSFERRING ALL ESTATE, RIGHT, TITLE AND INTEREST IN AND TO THE PROPERTY
AND RIGHTS SOLD.
BENEFICIARY IS HEREBY IRREVOCABLY APPOINTED THE TRUE AND
LAWFUL ATTORNEY OF TRUSTOR, IN ITS NAME AND STEAD, TO MAKE ALL NECESSARY
CONVEYANCES, ASSIGNMENTS, TRANSFERS AND DELIVERIES OF THE TRUST PROPERTY AND
RIGHTS SO SOLD AND FOR THAT PURPOSE BENEFICIARY MAY EXECUTE ALL NECESSARY
INSTRUMENTS OF 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