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� 200001001 (c) There has been a default by the Trustor in the payment of any prior or subse- quent lien or encumbrance in respect to all or any part of the property; (d) Trustor shall file a voluntary pe- tition in bankruptcy or shall be adjudicated bankrupt or insolvent, or shall make an as- signment for the benefit of creditors in re- spect to the property; or an action to en- force any lien or encumbrance or judgments against the property is commenced. 12. Acceleration Upon Default. In the event of any de- fault, Beneficiary may declare all indebtedness secured hereby to be due and payable, and the same shall thereupon become due and payable without any presentment, demand, protest or notice of any kind. Thereafter, Beneficiary may: (a) either in person or by agent, with or without bringing any action or proceeding, or by receiver appointed by a court and with- out regard to the adequacy of any security, enter upon and take possession of the prop- erty, or any part thereof, in its own name or in the name of the Trustee, and do any acts which it deems necessary and desirable to preserve the value, marketability or rent- ability of the property, or part thereof or interest therein, increase the income there- from or protect the security hereof, and, without taking possession of the property, sue for or otherwise collect the rents, is- sues and profits thereof, including those past due and unpaid, and apply the same, less costs and expenses of operation and collec- tion, including attorney fees, upon any in- debtedness secured hereby, all in such order as Beneficiary may determine. The entering upon and taking possession of the trust es- tate, the collection of such rents, issues and profits and application thereof as afore- said shall not cure or waive any default or notice of default hereunder or invalidate any act and in response to such default or pursu- ant to such notice of default and, notwith- standing the continuance in possession of the property or the collection, receipt and ap- plication of rents, issues or profits, Trus- tee or Beneficiary may be entitled to exer- cise every right provided for in any of the loan instruments or by law upon occurrence of any event of default, including the right to exercise the power of sale; (b) commence on action to foreclose this Deed of Trust as a mortgage, appoint a receiver, or specifically enforce any of the covenants hereof; (c) deliver to Trustee a written decla- ration of default and demand for sale, and a written notice of default and election to cause Trustor' s interest in the property to be sold, which notice Trustee shall cause to be duly filed for record in the official rec- ords of the county in which the property is located. 13. Foreclosure by Power of Sale. Should Beneficiary elect to foreclose by exercise of the power of sale herein contained, Beneficiary shall notify Trustee and shall deposit with Trustee 4 . �