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<br /> ' (c) There ha� b�:en a def.�.u.l� by the
<br /> Truator in the paym�nr oF any pr.iar. or eubee-
<br /> quent li�n or encumbrance in respsct to all
<br /> ' � or any part of th� pr.opPrty;
<br /> -' (d) Tru�toz shall file a voluntary► pe-
<br /> �: tition in bankruptcy or ehall be adjudicated .
<br /> bankrupt or in�olvent, ar sha�l. make an as- �
<br /> �,.��+� '"''
<br /> � � aignment for the benefit of. cred:itore in re-
<br /> spect to the �xopertyj ar an acCion to en- �`;
<br /> force any lien or encumbrance ox- judgm�n�s
<br /> against the pr.operty is comm�nc�d. �'
<br /> 12, A�ce�er�tj on Lipon DQfaul t, In the event of any de- '.-_
<br /> ' fault, Beneficiary may declare all inc�ebtednQae aecured hereby to
<br /> �� be due and payable� and tihe sam� ehal]. thereupon become due and
<br /> payable without any presentment, demand, proteet or notice of any �-.
<br /> ��I kind. Thereafter, Beneficiary may: �`'�,
<br /> ' (a) eith�r in peraon. or by agent, with --_ _
<br /> �j
<br /> or without bringa.ng any action ar. proceeding, �'
<br /> :y or by receiver appointed by a ccaust and with-
<br /> out regard to the adequacy of any security,
<br /> „ enter upon and take possdssion of the prop-
<br /> erty, or any part thereaE, in its own name or
<br /> � �� in the name of the Truetee, and do any acts
<br /> which i� deeme n�cessary and desirable to
<br /> preserve the valtxe, marketability or rent-
<br /> � � ability ot the property, or part inereo= �r °
<br /> interest therein, increase the income th�re-
<br /> , from or protect the secu�ity hereof , and,
<br /> ,,, .:. ;,:ti',;.;' � w�thout taking poasession of th� property,
<br /> -.''��� `�.:�� sue for or otherwise collect the rents, i.s-
<br />-- '�'�- �ues and prof its �hereof, including those
<br />'"�"-:,�;.';,:; : past duE and unpaid, and apply the aame, lees
<br /> �j . , . coata and expensee of operation and collec-
<br /> �" �••�,' •�� tion, including attorney feee, upon any in-
<br /> ��_:"�'� � debtedness aecured hereby, all in such order
<br /> ' �-�r'-� as Bdneficiary may determine. The entering
<br /> ���%}::_.y;y-_ .
<br /> --.�A�-"� '� upon an.d taking poesession of the trust es-
<br /> ` �`�����' tate, the collection of auch rents, issues
<br /> •• E,�:
<br />`,��=�`�°s��' , and profite and application thereof as afore-
<br /> ,,,,.r�,��{.
<br />=�ti�.�:�•��{'"'' said ehall not cure or waive any default or
<br />_.�;_:':�.�:��;; notice of default hereunder or invalidate any
<br /> =�,<���r:�•"�;- act and in response to euch default or pursu-
<br /> '�s •``"` ant to �uch notice of default an.d, notwith-
<br /> �'={�,��'(.';.
<br /> �--.�1"t�� .
<br /> _�.___r,,,,.1, etanding the continuance in poeaession of the
<br /> -��"`'`..�:i property ar the collection, receipt and ap-
<br /> _.��:�.. .
<br /> �� _ plication of rents, issues or profits, Trus-
<br /> .- ° ,�.,�
<br /> -:�i ~ tee or Beneficiary may be entitled to exer-
<br /> -`-"'"�°'�' cise every right provided Eor in any of the
<br /> .:�-'!�:;.'�. �
<br /> ry;. � loan instruments or by law upon occurrence of --
<br /> - any event of default, including the right to -
<br />_- exercise the power of sale; C;
<br /> (b) commence on action to foreclose
<br /> , �''� thia Deed of Trust as a mortgage, appoint a
<br /> , • receiver, or speci£ically enforce any of the
<br /> � covenants Yiereof;
<br /> � (c) del iver to Trustee a written decla- �
<br /> ration of de�ault and demand for eale, pnd a �
<br /> - ,---� written notice or defauit and eie�=.ic�ii to =
<br /> cauae Trustor's interest in the praperty to
<br /> be enld, which notice Trustee ahall cause to
<br /> be duly filed for record in the official rec-
<br /> ords of th� county in which the property is
<br />, located. I
<br /> 13. FnrPnlnqi�re b�!PoWex' of Sale. Should Beneficiary elect �
<br /> to foreclose by exercise of the power of sale herein contained,
<br /> Beneficiary shall notify Truetee and shall depoait with Trustee
<br /> � 4
<br /> � ,
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