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of an appointment of a receiver , shall have the right to do <br /> the same. If such receiver should be appointed or if there <br /> should be a sale of the said premises , as provided below, <br /> the Company, or any person in possession of the premises <br /> thereunder, as tenant or otherwise, shall become a tenant at <br /> will of the receiver or of the purchaser and may be removed <br /> by a writ of ejectment, summary ejectment or other lawful <br /> remedy. <br /> (c) If an event of default shall have occurred, the <br /> Trustee or the Beneficiary shall have the right to assign to <br /> any other person, for lawful consideration, any rents, <br /> revenues , earnings, income, products and profits receivable <br /> under this Deed of Trust, provided that the proceeds of any <br /> such assignment shall be applied as provided in this Deed of <br /> Trust. <br /> (d) If an event of default shall have occurred, the <br /> Trustee is hereby authorized and empowered, upon application <br /> of the Beneficiary, to expose to sale and to sell the <br /> hereinbefore described property, or any part thereof or any <br /> interest therein, at public auction for cash, after first <br /> having complied with all applicable requirements of North <br /> Carolina law with respect to the exercise of powers of sale <br /> contained in deeds of trust. <br /> The Company agrees that in the event of a sale <br /> hereunder the Beneficiary shall have the right to bid <br /> thereat and to become the purchaser . The Trustee may <br /> require the successful bidder at any sale to deposit <br /> immediately with the Trustee cash or a certified check in an <br /> • amount not to exceed five percent of his bid, provided <br /> notice of such requirement is contained in the advertisement <br /> of the sale. The bid may be rejected if the deposit is not <br /> immediately made and thereupon the next highest bidder may <br /> be declared to be the purchaser. Such deposit shall be <br /> refunded in case a resale is had; otherwise it shall be <br /> applied to the purchase price. The sale of the Trust Estate <br /> or any part thereof or any interest therein, whether <br /> pursuant to foreclosure, power of sale or otherwise under <br /> this Deed of Trust, shall forever bar any claim with respect <br /> to the Trust Estate by the Company. <br /> (e) The Company hereby waives, to the full extent it <br /> lawfully may, the benefit of all appraisement, valuation, <br /> stay, moratorium, exemption from execution, extension and <br /> redemption laws and any statute of limitations, now or <br /> hereafter in force, and all rights of marshalling in the <br /> event of the sale of the Trust Estate or any part thereof or <br /> any interest therein. The Company also hereby waives, to <br /> 6 . <br />