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#Pine Street - Deed of Trust 201308878 whether voluntarily or involuntarily, including, but not limited to, a transfer of any of the Trustor's interest in the Trust Property in the form of a lease option, option to purchase, sale contract, Deed of Trust or Deed. (j) The occurrence of an event of default under the Promissory Note made by Trustor payable to the order of Locust St. -Kahn Resnick, LLC or the Deed of Trust which is security for said Promissory Note. 18. Acceleration of Maturity. If an Event of Default shall have occurred, the entire unpaid principal of the Note, together with all other sums payable under this Deed of Trust shall, at the option of Beneficiary, immediately become due and payable by delivery to Trustee of written declaration of default. The Trustee shall have the power of sale of the Property, and if Beneficiary desires the Property to be sold, it shall deposit with Trustee this Deed of Trust, the Note and all other documents evidencing expenditures secured hereby, and shall deliver to Trustee a written notice of default and election to cause the Property to be sold, and the Trustee, in turn, shall prepare a similar notice in the form required, by law, and shall record said notice in each county in which any part of the Property is located and shall mail copies of such notice in the manner required by law to Trustor and to any other persons prescribed by law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Trustor, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Beneficiary or its designee may purchase the Property at any sale. Upon receipt of payment of the bid price, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited to, Trustee's fees equal to five percent (5 %) of the principal balance at the time of recording the Notice of Default, and reasonable attorneys' fees; (b) to all sums secured by this Deed of Trust; and (c) any excess to the person or persons legally entitled to it. 19. Trustor's Right to Reinstate. If, within one (1) month after the recording of a Notice of Default under this Deed of Trust, if the Power of Sale is to be exercised, Trustor meets certain conditions, Trustor shall have the right to have enforcement of this Deed of Trust discontinued. Those conditions are that Trustor: (a) pays Beneficiary all sums which then would be due under this Deed of Trust and the Note had no acceleration occurred; (b) cures any default of any other covenants or agreement; (c) pays all expenses incurred in enforcing this Deed of Trust, including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Beneficiary may reasonably require to assure that the lien of this Deed of Trust, Beneficiary's rights in the Property and Trustor's obligation to pay the sums secured by this Deed of Trust shall continue unchanged. Upon reinstatement by Trustor, this Deed of Trust and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 12 or 16.