COLLECTION OF
AMOUNTS PAST DUE AND UNPAID (GRANTOR AGREEING NOT TO TAKE ANY SUCH ACTION AFTER
THE OCCURRENCE OF A DEFAULT WITHOUT PRIOR WRITTEN AUTHORIZATION FROM HOLDER);
(V)
ENDORSE, IN THE NAME OF GRANTOR, ALL CHECKS, DRAFTS AND OTHER
EVIDENCES OF PAYMENT RELATING TO THE PROPERTY, AND RECEIVE, OPEN AND DISPOSE OF
ALL MAIL ADDRESSED TO GRANTOR AND NOTIFY THE POSTAL AUTHORITIES TO CHANGE THE
ADDRESS FOR DELIVERY OF SUCH MAIL TO SUCH ADDRESS AS HOLDER MAY DESIGNATE; AND
(VI)
TAKE SUCH OTHER ACTION AS HOLDER DEEMS APPROPRIATE TO PROTECT THE
SECURITY OF THIS DEED OF TRUST.
(I)
OTHER RIGHTS AND REMEDIES.
HOLDER AND LENDERS MAY EXERCISE ANY
AND ALL OTHER RIGHTS AND REMEDIES WHICH HOLDER AND LENDERS MAY HAVE UNDER THE
LOAN DOCUMENTS, OR AT LAW OR IN EQUITY OR OTHERWISE.
SECTION 5.2
PROCEEDS OF FORECLOSURE.
THE PROCEEDS OF ANY SALE HELD BY
TRUSTEE OR HOLDER OR ANY RECEIVER OR PUBLIC OFFICER IN FORECLOSURE OF THE LIENS
AND SECURITY INTERESTS EVIDENCED HEREBY SHALL BE APPLIED IN ACCORDANCE WITH THE
REQUIREMENTS OF APPLICABLE LAWS AND TO THE EXTENT CONSISTENT THEREWITH, FIRST,
TO THE PAYMENT OF ALL NECESSARY COSTS AND EXPENSES INCIDENT TO SUCH FORECLOSURE
SALE, INCLUDING ALL ATTORNEYS' FEES AND LEGAL EXPENSES (INCLUDING THE MARKET
VALUE OF SERVICES PROVIDED BY IN-HOUSE COUNSEL), ADVERTISING COSTS, AUCTIONEER'S
FEES, COSTS OF TITLE RUNDOWNS, LIEN SEARCHES, TRUSTEE'S SALE GUARANTIES,
FORECLOSURE SALE GUARANTIES, LITIGATION GUARANTIES AND/OR OTHER TITLE POLICIES
AND ENDORSEMENTS, INSPECTION FEES, APPRAISAL COSTS, FEES FOR PROFESSIONAL
SERVICES, ENVIRONMENTAL ASSESSMENT AND REMEDIATION FEES, ALL COURT COSTS AND
CHARGES OF EVERY CHARACTER, AND THE MAXIMUM FEE LEGALLY PERMITTED, OR A
REASONABLE FEE WHEN THE LAW PROVIDES NO MAXIMUM LIMIT, TO TRUSTEE ACTING UNDER
THE PROVISIONS OF CLAUSE (C) OF SECTION 5.1 HEREOF IF FORECLOSED BY POWER OF
SALE AS PROVIDED IN SAID CLAUSE (C), AND TO THE PAYMENT OF THE OTHER SECURED
INDEBTEDNESS, INCLUDING SPECIFICALLY WITHOUT LIMITATION THE PRINCIPAL, ACCRUED
INTEREST AND ATTORNEYS' FEES DUE AND UNPAID ON THE LOAN AND THE AMOUNTS DUE AND
UNPAID AND OWED TO HOLDER AND LENDERS UNDER THIS DEED OF TRUST, THE ORDER AND
MANNER OF APPLICATION TO THE ITEMS IN THIS CLAUSE FIRST TO BE IN HOLDER'S SOLE
DISCRETION; AND SECOND, THE REMAINDER, IF ANY,
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SHALL BE PAID TO GRANTOR, OR TO GRANTOR'S REPRESENTATIVES, SUCCESSORS OR
ASSIGNS, OR SUCH OTHER PERSONS (INCLUDING THE HOLDER OR BENEFICIARY OF ANY
INFERIOR LIEN) AS MAY BE ENTITLED THERETO BY LAW; PROVIDED, HOWEVER, THAT IF
HOLDER IS UNCERTAIN WHICH PERSON OR PERSONS ARE SO ENTITLED, HOLDER, ON BEHALF
OF ITSELF AND LENDERS, MAY INTERPLEAD SUCH REMAINDER IN ANY COURT OF COMPETENT
JURISDICTION, AND THE AMOUNT OF ANY ATTORNEYS' FEES, COURT COSTS AND EXPENSES
INCURRED IN SUCH ACTION SHALL BE A PART OF THE SECURED INDEBTEDNESS AND SHALL BE
REIMBURSABLE (WITHOUT LIMITATION) FROM SUCH REMAINDER.
SECTION 5.3
HOLDER OR LENDER AS PURCHASER.
HOLDER AND ANY LENDER SHALL
HAVE THE RIGHT TO BECOME THE PURCHASER AT ANY SALE HELD BY TRUSTEE OR ITS
SUBSTITUTE OR SUCCESSOR OR BY ANY RECEIVER OR PUBLIC