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<br />(e) The Trustors shall: (i) have an order for relief entered with respect to them under any
<br />law relating to bankruptcy, insolvency, reorganization or relief of debtors; (ii) not pay,
<br />or admit in writing their inability to pay their debts generally as they become due;
<br />(iii) make an assignment for the benefit of their creditors; (iv) apply for, seek, consent
<br />to or acquiesce in the appointment of a receiver, custodian, trustee, examiner, liquidator
<br />or similar official for them, or any substantial part of their property; (v) institute any
<br />proceeding seeking an order for relief under any law relating to bankruptcy, insolvency,
<br />reorganization or relief of debtors, or proceeding seeking to adjudicate them a bankrupt
<br />or insolvent or seeking a dissolution, winding up, liquidation, reorganization,
<br />arrangement, adjustment or composition of them or their debts, under any law relating
<br />to bankruptcy, insolvency, reorganization or relief of debtors; or fail to file an answer or
<br />pleading denying the material allegations of any such proceeding filed against them;
<br />(vi) take any action to authorize or effect any of the foregoing actions set forth in this
<br />Section (e); or (vii) fail to contest in good faith any appointment or proceeding
<br />described in Section (f) below; or
<br />(f) Without the application, approval or consent of the Trustors, a receiver, custodian,
<br />trustee, examiner, liquidator, or similar official shall be appointed for the Trustors or
<br />any substantial part of their property or proceedings described in Section (e)(v) above
<br />shall be instituted against the Trustors and such appointment continues undischarged or
<br />said proceeding continues undismissed or unstayed for a period of sixty (60)
<br />consecutive days; or
<br />(g)
<br />(h)
<br />If any judgment shall be recovered against Trustors or any attachment or other court
<br />process shall issue, which shall become or create a lien upon the Property or any part
<br />thereof, and such judgment, attachment, or other court process shall not be discharged
<br />or effectively secured or execution thereon stayed within thirty (30) days from the entry
<br />thereof; or
<br />If an event of default shall occur under the terms, covenants or conditions of any prior
<br />or subsequent deed of trust or mortgage affecting the Property or any part thereof and if
<br />the holder of a prior or junior deed of trust or other lien or encumbrance on the Property
<br />or any part thereof institutes foreclosure or other proceedings for the enforcement of its
<br />remedies thereunder and obtains from a court of competent jurisdiction a fmal
<br />judgment of foreclosure, no longer subject to any appeal. (This subsection (h) shall not
<br />be construed to imply that the Beneficiary consents to any junior lien or encumbrance.)
<br />18. Acceleration of Maturity. If an Event of Default shall have occurred, the entire unpaid
<br />principal of the Note, together with all other sums payable under this Deed of Trust shall, at the option
<br />of Beneficiary, immediately become due and payable by delivery to Trustee of written declaration of
<br />default. The Trustee shall have the power of sale of the Property, and if Beneficiary desires the
<br />Property to be sold, it shall deposit with Trustee this Deed of Trust, the Note and all other documents
<br />evidencing expenditures secured hereby, and shall deliver to Trustee a written notice of default and
<br />election to cause the Property to be sold, and the Trustee, in turn, shall prepare a similar notice in the
<br />form required, by law, and shall record said notice in each county in which any part of the Property is
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