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dissolution or similar relief for itself under any present or future bankruptcy, insolvency or
<br />other relief for debtors; or shall seek or consent to or acquiesce in the appointment of
<br />any trustee, receiver or liquidator of the Trustor or of all or any part of the Property, or of
<br />any or all of the royalties, revenues, rents, issues or profits thereof, or shall make any
<br />general assignment for the benefit of creditors, or shall admit in writing its inability to pay
<br />its debts generally as they become due; or
<br />(c) A court of competent jurisdiction shall enter an order, judgment or decree
<br />approving a petition filed against either Trustor seeking any reorganization, dissolution or
<br />similar relief under any present or future federal, state or other statute, law or regulation
<br />relating to bankruptcy, insolvency or other relief for debtors, and such order, judgment or
<br />decree shall remain unvacated and unstayed for an aggregate of sixty (60) days
<br />(whether or not consecutive) from the first date of entry thereof; or any trustee, receiver
<br />or liquidator of Trustor of all or any part of the Property, or of any or all of the royalties,
<br />revenues, rents, issues or profits thereof, shall be appointed without the consent or
<br />acquiescence of Trustor and such appointment shall remain unvacated or unstayed for
<br />an aggregate of sixty (60) days (whether or not consecutive); or
<br />(d) A writ of execution or attachment or any similar process shall be entered
<br />against either Trustor which shall become a lien on the Property, or any portion thereof
<br />or interest therein and such execution, attachment or similar process of judgment is not
<br />released, bonded, satisfied, vacated or stayed within ninety (90) days after its entry or
<br />levy; or
<br />(e) There has occurred a breach of or default under any term, covenant,
<br />agreement, condition, provision, representation or warranty contained herein or in any of
<br />the documents evidencing the Obligations secured by this Deed of Trust; or
<br />(f) Trustor fails to perform any terms, conditions, covenants, or agreements
<br />which are part of any document or agreement (other than this Deed of Trust) which
<br />secures all or any part of the Obligations; or
<br />(g) There has occurred a breach of or default under any term, covenant,
<br />agreement, condition, provision, representation or warranty contained in any prior or
<br />subsequent deed or trust or mortgage covering the Property.
<br />9. Condemnation. If title to any part of the Property shall be taken in condemnation
<br />proceedings, by right of eminent domain or similar action, or shall be sold under threat of
<br />condemnation, all awards, damages and proceeds are hereby assigned and shall be paid to
<br />Beneficiary who shall apply such awards, damages and proceeds to the sums secured by this
<br />Deed of Trust, with the excess, if any, paid to Trustor. If Trustor receives any notice or other
<br />information regarding such actions or proceedings, Trustor shall give prompt written notice
<br />thereof to Beneficiary. Beneficiary shall be entitled, at its option, to commence, appear in and
<br />prosecute in its own name any such action or proceedings and shall be entitled to make any
<br />compromise or settlement in connection with any such action or proceedings.
<br />10. Acceleration; Remedies; Power of Sale. Upon an event of default by Trustor, as
<br />defined herein, Beneficiary may declare all sums secured hereby immediately due and payable
<br />by delivering to Trustee a written declaration of default. THE TRUSTEE SHALL HAVE THE
<br />POWER OF SALE OF THE PROPERTY and if Beneficiary desires the Property to be sold, it
<br />shall deposit with Trustee this Deed of Trust, the Note, and all other promissory notes and
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