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<br /> •� period of fifteen (15) daya after written notice is deliverad to
<br /> 3� the Trus�ors that they have failed to make payment when due; vr
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<br /> �3.. (b) Trustors �hall gil� a ealuntary petition in bankruptcy �
<br />-�=� or shall be adjudica►ted a bankrupt or insolvent, or shall file Q�
<br /> � any petition or answer seekinq or acquiescing in any reorganiza- e-;
<br /> �� tion, arraaqemeat, compcsition, readjustment, liquidation,
<br />,m� clissolution, or similar relief for itself under any present or e
<br /> - future federal, state or other statut�, law or regulation -
<br /> �� relating to bankr��ptcy, insolvency� or other relief for debtors;
<br /> � or shall seek or consent to or acquiesce in the appointment o�
<br />��� any Trustee, receiver ar liquidator of Trustors or all or any
<br /> ,�- part of the Trust Estate, or of any or all of the royalties,
<br /> :�:� reveaues, rents, issues, or profits thereof, or shall make any
<br />-"s� general assiqnment for the benefit or creditors; or e
<br /> ;�_ (e) A caurt of competent jurisdicti�n shall enter an �
<br /> —� order, iudgment, os dearee approving a peti.tion fi1�d aqainst
<br />:`� Truators seeking any reorganization, d�.ssolution, os similar
<br /> -�■ relief under any present or future feo�eral, ��ate, or other
<br /> � statute, law or regulatian relating to bankzuptcy, insolvenay, ar
<br />="� other relief for deb�ors, and sueh order, judgment or decree
<br /> - shall remain unvacated and unstayed for an aggregate of sixty
<br /> - (60) days (whether or not conseautive) from the first date of
<br /> = entry thereof; or any Trustee, receiver, or liquidator of
<br /> Truators or of all or any part of the Trust Estate, or of any or --
<br /> � all af the rayalties, revenues, rents, issues, or prcfits -
<br /> . }�o=�g= ahati be appointed without the consent or a�quiescence
<br /> =� of Trustor and such appointment shall remain unvaca��d and
<br /> -� unstayed far an aggregate of six�y (60) days (whether or not
<br /> . consecutive); or
<br /> , (d) A writ of executian of•a��achcnent or any similar
<br /> - �r�a��s shall be entered aqainst �acus�ors which shall become a
<br /> - 1�.� on the Txust Estate or any por�ion thereof or interest
<br /> ' therein and such exeeution, attachment, or sim3lar process of =
<br /> judqment is not released, bonded, satisfied, vaca�ed, or stayed __
<br /> within sixty (60) days after its entry or levy; or
<br /> (e) The Trust ��t�te, or any part thereof, is sold,
<br /> conveyed, transferrepl., ;ernoumbered, or full possesaory rights
<br /> ' therein are tratnsfer�e� qix en�umbered, whether voluntarily or
<br /> . involuntarily or by c�ra'�ion of law without the prior written
<br /> = consent of Benefief.�axy; os ,
<br /> (f) There has occurred a breach of or default uader any
<br /> teras covenants, aqreemerit, condition, provis9.on, representation, =
<br /> or warranty contained in any of the Loan Instruments. --
<br /> -�_���� 11 . Acceleration Unon Defau�.t Additional Remedies. In
<br /> � the event of any default Beneficiary may declare al1
<br /> indebtec3ne�s secure8 hereb� to be due and payable and the same
<br /> ' shal 1 the�teupon �eaome due and payable forthwith, without any
<br /> pres�ntment, demaaa�I or notic� of any kind. Thereafter,
<br />_ �� Hene��afary may: _
<br /> - (i ) T�ither in person or by agent, with or without bringinq
<br />���� ,, any action or procesdinq ar by a receiver appainted by a court -
<br />:_;�::� , and wit2iout regard to the arlequacy of its seaurfty, enter upan
<br /> ;3� and take possessic�� of the Trust Estate, or any part thereof, in
<br />��� its own aan►e or in� the name of Trustee, and do a�ny acts which it
<br /> - - deems necessary or desirable to preserve the value, marketability
<br /> _�_L_ �.a �t.er�.sf e�r i r+�arr�ut
<br /> _-j�i� or rentaniiity o= zne �•rusL ���a�a, �= eti-� - -- -- -- ------ -- -
<br /> --- therein, increase the income therefrom or protect the seaurity
<br />�� t hereof, and, with or without taking possession of the Trust
<br /> �`�` Estate, sue foz or otherwise collect the rents, issues, and
<br /> v...�
<br /> -�:.�s pro�its, i.ncludinq those past due and unpaid, and apply the same _
<br /> +- less costs and expenses of operation and collection, including
<br /> � '`��� attorney's fees, upon any indebtednesa secured hereby, all in
<br /> `'_��`{ such order as Beneficiary may detercaine. The entering upon aa►d _
<br />-:��':'�- takinq possession of the Trust Estate, the aollection of such =
<br /> _.�,,. sents, issues, and profits, and the application thereof, as =;
<br />-z ���' afoicesaid, shall not cure or waive any default or notice of =
<br /> � �.< default hereunder or invalidate any act done in response to such
<br /> ' default ar pursuant to such notice of default and,
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