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6 20121107 11. Performance of Other Agreements. Trustor shall observe and perform each and every term to be observed or performed by Trustor pursuant to the terms of any agreement or recorded instrument affecting or pertaining to the Trust Property. 12. Events of Default. Any one or more of the following events beyond any applicable cure periods shall be an event of default (hereinafter referred to as an "Event of Default ") hereunder: (a) If any installment of principal and /or interest under any Note is not paid within Ten (10) days after Trustor's receipt of written notice from Trustee that the same is due, or if any other monetary obligation of Trustor to Beneficiary (whether under the Note, this Deed of Trust, or otherwise comprising all or any part of the Debt) is not paid within Ten (10) days after Trustor's receipt of written notice from Trustee that the same is due; or (b) If any of the Impositions are not paid within Ten (10) days after Trustor's receipt of written notice from Trustee that the same is delinquent; or (c) If Trustor does not materially comply with any of the provisions of this Deed of Trust or the Pledge and Security Agreement, or if Gordon F. Glade does not materially comply with any of the provisions of the Note. Upon the occurrence of any one of the foregoing Events of Default, the entire Debt shall become immediately due and payable at the option of the Beneficiary, without further notice or demand; and, in addition, irrespective of whether Beneficiary exercises said option, it may exercise any and all rights and remedies to the extent same may be available to a mortgagee or secured party at law or in equity, including but not limited to the following: (a) Beneficiary may enter upon, take immediate possession of, manage, and operate the Trust Property or any part thereof; make repairs and alterations and do any acts which Beneficiary deems reasonably proper and necessary or advisable to protect the security hereof; and either with or without taking possession, in its own name, sue for or otherwise collect and receive rents, issues and profits, including those past due and unpaid, and apply the same, less costs and expenses of operation and collection, including reasonable attorneys' fees and the Beneficiary's costs, upon the Debt and in such order as Beneficiary may determine. Upon request of Beneficiary, Trustor shall assemble and make available to Beneficiary at the Premises any of the Trust Property which has been removed therefrom. The entering upon and taking possession of the Trust Property, the collection of any rents, issues and profits and the application thereof as aforesaid shall not cure or waive any default theretofore or thereafter occurring or affect any Notice of Default hereunder or invalidate any act done pursuant to any such notice. Notwithstanding Beneficiary's continuance in possession or receipt and application of rents, issues or profits, Beneficiary shall be entitled, as a matter of right, to exercise every right provided for in this Deed of Trust or by law upon or after the occurrence of a default. Any of the actions referred to in this paragraph may be taken by Beneficiary at such time as Beneficiary is so entitled without regard to the adequacy of any security for the Debt.