HUNTER, C & B & ORGERON, F&B-2005

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its street address or other common designation, if any, and if neither exists, the notice shall contain Vendor's name and address at whose request the sale is to be conducted and a statement that directions may be obtained pursuant to a written request submitted to Vendor within ten (10) days from the first publication of such notice. Directions shall be deemed reasonably sufficient to locate the property if the location of the property is given by reference to the approximate distance from the nearest crossroads, frontage road or access road. If a legal description of the property is given, the validity of the notice and of the sale shall not be affected by the fact that the street address, other common designation, Vendor's name and address or the directions obtained therefrom are erroneous or have been omitted. c. Any person desiring a copy of any notice of default or sale under this Contract may, at any time subsequent to recordation of the Contract and prior to the recordation of notice of default, cause to be filed for record in the office of the recorder of any county in which any part or parcel of the property is situated, a duly acknowledged request for a copy of any such notice of default and of sale. This request shall be signed and acknowledged by the person making the request specifying the name and address of the person to whom notice is to be mailed, shall identify the Contract by stating the name of the parties thereto, date of recordation thereof and book and page where the same is recorded or the recorder's number and shall be in substantially the form set out in Civil Code section 2924b. d. Vendor, Trustee or any other person authorized to record the notice of default shall: (1) within ten (10) days following such recordation, deposit or cause to be deposited in the United States mail an envelope, registered or certified with postage prepaid, containing a copy of such notice with the recording date shown thereon addressed to each person whose name and address is set forth in a duly recorded request therefore, directed to the address designated in such request; (2) at least twenty (20) days before the date of sale, deposit or cause to be deposited in the United States mail an envelope, registered or certified with postage prepaid, containing a copy of the notice of the time and place of sale, addressed to each person whose name and address is set forth in a duly recorded request therefore, directed to the address designated in such request; (3) within one month following recordation of such notice of default, deposit or cause to be deposited in the United States mail an envelope, registered or certified with postage prepaid containing a copy of such notice with the recording date shown thereon, addressed to each person set forth below provided that: (a) the estate or interest of any person entitled to receive notice under this subsection is acquired by an instrument sufficient to impart constructive notice of such estate or interest which is being foreclosed; (b) such estate or interest is recorded so as to impart constructive notice prior to the date the notice of default was recorded; (c) such instrument as recorded sets forth a mailing address which the county recorder shall use, as instructed within the instrument for the return of such instrument after recording, and which address shall be the address used for the purposes of mailing notices herein. The persons to whom such notice shall be mailed under this subsection (3) are: (a) Vendee's successor(s) in interest as of the recording date of the notice of default; (b) the beneficiary, mortgagee, vendee or lessee and his assignees of any lien recorded subsequent to the foreclosure under the terms of the Contract or recorded prior to or concurrently with the foreclosure under the terms of the Contract but subject to a recorded agreement or a recorded statement of subordination to this foreclosure under the terms of the Contract; (c) the Controller where a lien for postponed property taxes has been recorded against the property as of the recording date of the notice of default; (4) at least twenty (20) days before the date of sale, deposit or cause to be deposited in the United States mail, an envelope, registered or certified with postage prepaid, containing a copy of the notice of the time and place of sale addressed to each person to whom a copy of the notice of default is to be mailed as provided in subsection (3) above. e. The sale of the property under the power of sale contained in this Contract shall be held in the county where the property or a part thereof is situated, and shall be made at auction, to the highest bidder, between the hours of 9 in the morning and 5 in the afternoon. When the property consists of several lots or parcels they may be sold separately; when a portion of the property is claimed by a third person, and he requires it sold separately, this may be done. Vendee may direct the order in which the property shall be sold if the lots or parcels may be sold to advantage separately. After sufficient property has been sold to satisfy the indebtedness no more can be sold. If the property is in two or more counties, the auction may take place in anyone of those counties. There may be a postponement of the sale proceedings at any time prior to the completion of the sale at Trustee's discretion or Vendor's instruction. The notice of each postponement shall be given by public declaration by Trustee at the time and place last appointed for sale. Such public declaration shall set forth the new date, time, and place of sale, which place of sale shall be the same place as originally fixed by Trustee for the sale. No other notice of postponement need be given. f. Each and every bid made by a bidder at a Trustee's Sale pursuant to the power of sale contained in this Contract shall be deemed to be an irrevocable offer by that bidder to purchase the property being sold. Any subsequent bid by the same or another bidder for a higher bid cancels out the prior bid. 5