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g. <br />Acceleration on Default <br />28. If at any time the Trustor should be in default under this Trust, then the Principal <br />Amount, interest and all amounts secured by this Trust will, at the option of the <br />Beneficiary, become due and payable immediately. <br />29. If at any time the Trustor is in default and the Beneficiary does not require the Trustor to <br />pay immediately in full as described above, the Beneficiary will retain the right to seek <br />full immediate payment if the Trustor is in default at a later time. Any forbearance on the <br />part of the Beneficiary upon default, which includes but not limited to acceptance of late <br />payment, acceptance of payment from third parties, or acceptance of payments less than <br />the amount then due, will not constitute as waiver to enforce acceleration on default. <br />30. In the event that the Beneficiary elects to accelerate the Trust, the Beneficiary will <br />provide notice to the Trustor in accordance with Applicable Law. <br />Initials: <br />corporation's assets or its common elements or the condominium corporation fails <br />to insure the unit and common elements; <br />f. if a petition in bankruptcy is filed against the Trustor, if the Trustor make a <br />general assignment for the benefit of the creditors, if a receiver, interim receiver, <br />monitor or similar person is placed or is threatened to be placed in control of or <br />for the overview of the Trustor's affairs or Property, or in the opinion of the <br />Beneficiary, the Trustor becomes insolvent; <br />if a construction or similar lien is registered against the Property or if default <br />occurs under any other lien, trust or other encumbrance existing against the <br />Property; <br />h. if the Trustor abandons or does not visibly and consistently occupy the Property; <br />or <br />i. if the Property or a material part of the Property is expropriated. <br />201402718 <br />