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<br />'"��� 7� Beneficiary. Benefi.ciary, however, hereby consents to Trustor's �;�
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<br />-- t collectian and reten�ion of such ren�s, issues and profits as they �;_.
<br /> ��' � ' • �'' accrue and bec.oms payable, so lang as Trustor is not, at such time, �
<br /> ±� ;; :�. ,_. � in default with respect tn pay-ment of any indebtedness secured �
<br /> . ;, hereby, or in the performance of any aqreement hereunder. If any
<br /> � � event of default de�cribed hereafter �.n respect to this Deed of E.
<br /> �''� � ���� �� Trust shall have occurred and be continuing, Beneficiary, as a �
<br /> ?4' matter ot right and without notice to Trustor or anyone claiming _
<br /> '_�,r� � under �'rustor, and without reqard to th►e value �f the trust estate -
<br /> � � ' or the interest of the Trustor therea.n, shall have the right to
<br /> '- � apply to any court having �urisdiction to appoint a receiver of the
<br /> -.��.°:� , prQperty.
<br /> ',"`' ,�Y g, Transfer of k?roner v. If all or any part of the property
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<br /> ..: _ or any interest of Z'rustor therein is sold, transferred or furt er
<br />-����'' - ��• encumbered without the express or written consent of Beneficiary,
<br />�=�t:����� �� B�neficiar.y may, at her sole option, declare all sums secured by
<br />_ � ~� �' this Deed of Trust to bc immediately due and payable and proceed to
<br />-P'�'�'°�•f:��� �• the remedies available to her under the default provisi.ons
<br /> ' ��� contained therEin.
<br /> � 10. �t� of Deiault. Any of the following events shall be
<br /> ':.= deemed an event of default hereunder:
<br /> (a) Trustor shall have failed to make payment of
<br /> any installment of interest, principal or principal and
<br /> .�' interest or any other sums secured hereby when due;
<br /> �',�.; . . (b) There has occurred a breach af or defauli. uiic�e�
<br /> , . any term, covenant, ag�reement, condition, prpvision,
<br />:;;',.,���;?��•°� representation or warranty contained ii, this Deed of
<br /> >����:� • Trust, the nate or any other loan instrument secured
<br /> :��,:.';�1.,::... her eby:
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<br /> .�+�_':,�. . (c) There has been a default by the mrustor in the
<br /> `"�-�:�,�:':_:.� payment o f any prior or subsequent 1 ien or encumbrance in
<br /> --� '"'^`'`''� respect to all or any part of the property;
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<br /> -=�;�'=_��� (d) Trustor sha11 file a voluntary petition in
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<br /> -.��•z�r, bankruptcy or shall be adjudicated bankrupt or insolven , or
<br /> �- `�#�n+^ shall make an assignment for the benefit oi' creditors in
<br /> �•_, : - _a,� .
<br /> - � •� re�pect to the property; or an action to enforce any lien or
<br /> • en.^.umbrance or judgments against the property is commenced.
<br /> �� 11. Acce�erat+or�Upon Default . In the event of any default, -
<br /> ��==:�:,:;:-=;, Benefic.iary may declare a].l indebtedness secured hereby to be due
<br /> � r and payable, and the same shall thereupon become due and payable
<br /> r .• �" : � without any presentment, demand, protest or notice of any kind.
<br /> : � Thereafter, Beneficiary may:
<br /> � (a) either in person or by agent, with or without -
<br /> � z bringing any action or proceeding, or by receiver =.
<br /> � appointed by a court and withou� regard to the adequacy °
<br /> of any security, enter upon and take possession of the
<br /> prope.rty, ar any part thereof, in her own name or in the =
<br /> name of the Trustee, and do any acts which she deems
<br /> necessary and desirable to preserve the value,
<br /> marketability or rentability of the pr�perty, or part
<br /> � thereof or interest therein, increase the income herefrom
<br /> or pr�tect the security hereof and, without taking _
<br /> 1 possession of the property, sue zor or otherwise coiieci.
<br /> � the rents, issues and profits thereof, including thc+se
<br /> 1 past due and unpaid, and apply the same, less costs and
<br /> expenses of operation and collection, including attorney ;
<br /> j fees, upon any indebtedness secured hereby, a].1 in such �
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