UNITED STATES, PAYABLE AT TIME OF SALE, ALL IN ACCORDANCE WITH
APPLICABLE LAW.
BENEFICIARY, FROM TIME TO TIME, MAY POSTPONE OR CONTINUE THE
SALE OF ALL OR ANY PORTION OF THE TRUST PROPERTY BY PUBLIC DECLARATION AT THE
TIME AND PLACE LAST APPOINTED FOR THE SALE AND NO OTHER NOTICE OF THE POSTPONED
SALE SHALL BE REQUIRED UNLESS PROVIDED BY APPLICABLE LAW.
UPON ANY SALE,
BENEFICIARY SHALL DELIVER ITS DEED CONVEYING THE PROPERTY SOLD, WITHOUT ANY
COVENANT OR WARRANTY, EXPRESSED OR IMPLIED, TO THE PURCHASER OR PURCHASERS AT
THE SALE.
THE RECITALS IN SUCH DEED OF ANY MATTERS OR FACTS SHALL BE CONCLUSIVE
AS TO THE ACCURACY THEREOF;
(III)
INSTITUTE A PROCEEDING OR PROCEEDINGS, JUDICIAL OR NONJUDICIAL,
TO THE EXTENT PERMITTED BY LAW, BY ADVERTISEMENT, BY ACTION OR OTHERWISE, FOR
THE COMPLETE FORECLOSURE OF THIS SECURITY INSTRUMENT, IN WHICH CASE THE PROPERTY
MAY BE SOLD FOR CASH OR UPON CREDIT IN ONE OR MORE PARCELS OR IN SEVERAL
INTERESTS OR PORTIONS AND IN ANY ORDER OR MANNER;
(IV)
WITH OR WITHOUT ENTRY, TO THE EXTENT PERMITTED AND PURSUANT TO THE
PROCEDURES PROVIDED BY APPLICABLE LAW, INSTITUTE PROCEEDINGS FOR THE PARTIAL
FORECLOSURE OF THIS SECURITY INSTRUMENT FOR THE PORTION OF THE DEBT THEN DUE AND
PAYABLE, SUBJECT TO THE CONTINUING LIEN OF THIS SECURITY INSTRUMENT FOR THE
BALANCE OF THE DEBT NOT THEN DUE;
(V)
SELL FOR CASH OR UPON CREDIT THE PROPERTY AND ALL ESTATE, CLAIM,
DEMAND, RIGHT, TITLE AND INTEREST OF BORROWER THEREIN AND RIGHTS OF REDEMPTION
THEREOF, PURSUANT TO THE POWER OF SALE, TO THE EXTENT PERMITTED BY LAW, OR
OTHERWISE, AT ONE OR MORE SALES, AS AN ENTIRETY OR IN PARCELS, AT SUCH TIME AND
PLACE, UPON SUCH TERMS AND AFTER SUCH NOTICE THEREOF AS MAY BE REQUIRED OR
PERMITTED BY LAW;
(VI)
INSTITUTE AN ACTION, SUIT OR PROCEEDING IN EQUITY FOR THE SPECIFIC
PERFORMANCE OF ANY COVENANT, CONDITION OR AGREEMENT CONTAINED HEREIN OR IN ANY
OTHER LOAN DOCUMENT;
(VII)
RECOVER JUDGMENT ON THE NOTE EITHER BEFORE, DURING OR AFTER ANY
PROCEEDING FOR THE ENFORCEMENT OF THIS SECURITY INSTRUMENT;
(VIII)
APPLY FOR THE EX-PARTE APPOINTMENT OF A TRUSTEE, RECEIVER,
LIQUIDATOR OR CONSERVATOR OF THE PROPERTY, WITHOUT NOTICE AND WITHOUT REGARD FOR
THE ADEQUACY OF THE SECURITY FOR THE DEBT AND WITHOUT REGARD FOR THE SOLVENCY OF
THE BORROWER OR OF ANY PERSON, FIRM OR OTHER ENTITY LIABLE FOR THE PAYMENT OF
THE DEBT;
(IX)
ENFORCE LENDER'S INTEREST IN THE LEASES AND RENTS AND ENTER INTO
OR UPON THE PROPERTY, EITHER PERSONALLY OR BY ITS AGENTS, NOMINEES OR ATTORNEYS
AND DISPOSSESS BORROWER AND ITS AGENTS AND EMPLOYEES THEREFROM, AND THEREUPON
LENDER MAY (A) USE, OPERATE, MANAGE, CONTROL, INSURE, MAINTAIN, REPAIR, RESTORE
AND OTHERWISE DEAL WITH THE PROPERTY AND CONDUCT THE BUSINESS THEREAT; (B)
COMPLETE ANY CONSTRUCTION ON THE PROPERTY IN SUCH MANNER AND FORM AS LENDER
DEEMS ADVISABLE; (C) MAKE ALTERATIONS, ADDITIONS, RENEWALS, REPLACEMENTS AND
IMPROVEMENTS TO OR ON THE PROPERTY; (D) EXERCISE ALL RIGHTS AND POWERS OF
BORROWER WITH RESPECT TO THE PROPERTY, WHETHER IN THE