Common use of Notice of Sale; Sale of Property Clause in Contracts

Notice of Sale; Sale of Property. If Xxxxxx invokes the power of sale, Lender or Trustee will give to Borrower, the owner of the Property, and all other persons, notice of sale, as required by Applicable Law. Trustee will give public notice of sale by advertising, in accordance with Applicable Law, once a week for two successive weeks in a newspaper having general circulation in the county or city in which any part of the Property is located, and by such additional or any different form of advertisement the Trustee deems advisable. Trustee may sell the Property on the eighth day after the first advertisement or any day thereafter, but not later than 30 days following the last advertisement. Trustee, without further demand on Borrower, will sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by advertising in accordance with Applicable Law. Lender or its designee may purchase the Property at any sale.