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Willoughby Deed of Trust, Assignment of Rents, Security Agreement, and Fixture Filing Loan no. 197694 12 20150 (5) for more than ten days after notice from Beneficiary, Trustor is in default under any term, covenant or condition of this deed of trust not previously described in this Section 8.01, which can be cured by the payment of a sum of money; or (6) for 30 days after notice from Trustee or Beneficiary, Trustor is in default under any term, covenant or condition of this deed of trust not previously described in this Section 8.01; provided that if: (A) it is reasonably certain that the default cannot be cured by Trustor within that 30 day period; and (B) Trustor has commenced curing that default within that 30 day period and thereafter diligently and expeditiously proceeds to cure that default, then that 30 day period shall be extended for so long as reasonably required by Trustor in the exercise of due diligence to cure that default, up to a maximum of 90 days after the notice to Trustor of the Event of Default. 8.02 Remedies. At any time after an Event of Default, Trustee and Beneficiary may invoke any and all of the rights and remedies described below. All of such rights and remedies are cumulative, and the exercise of any one or more of them does not constitute an election of remedies: (a) Acceleration. Trustee or Beneficiary may declare any or all of the Secured Obligations to be due and payable immediately. (b) Receiver. Trustee or Beneficiary may, to the extent permitted by Applicable Law, make an ex parte application to any court of competent jurisdiction, and obtain appointment of, a receiver, trustee, liquidator or conservator of the Property, without notice, without giving bond, and without regard for the adequacy of the security for the Secured Obligations and without regard for the solvency of Trustor, any Guarantor, or of any Person liable for the payment of the Secured Obligations. TRUSTOR HEREBY WAIVES NOTICE OF THE APPLICATION FOR, AND CONSENTS TO THE APPOINTMENT OF A RECEIVER, TRUSTEE, LIQUIDATOR OR CONSERVATOR OF THE PROPERTY IN ACCORDANCE WITH THE PROVISIONS OF THIS SECTION; AND AGREES TO NOT OPPOSE SUCH APPOINTMENT. (c) Entry. To the greatest extent permitted by Applicable Law, Trustee or Beneficiary, in person, by agent or by court- appointed receiver, may enter, take possession of, manage and operate all or any part of the Property, and may also do any and all other things in connection with those actions that Beneficiary may consider necessary and appropriate to protect the security of this deed of trust. Such other things may include: taking and possessing all of Trustor's or the then owner's books and records; entering into, enforcing, modifying, or canceling leases on such terms and conditions as Trustee or Beneficiary may consider proper; obtaining and evicting tenants; fixing or modifying rents; collecting and receiving any payment of money owing to Trustor; completing any unfinished construction; and /or contracting for and making repairs and alterations. If Trustee or Beneficiary so requests, Trustor will assemble all of the Property that has been removed from the Land and make all of it available to Trustee or Beneficiary at the site of the Land. TRUSTOR HEREBY IRREVOCABLY CONSTITUTES AND APPOINTS TRUSTEE AND BENEFICIARY AS TRUSTOR'S ATTORNEY -IN -FACT TO PERFORM SUCH ACTS AND EXECUTE SUCH DOCUMENTS AS TRUSTEE OR BENEFICIARY CONSIDERS APPROPRIATE IN CONNECTION WITH TAKING THESE MEASURES, INCLUDING ENDORSEMENT OF TRUSTOR'S NAME ON ANY INSTRUMENTS. Regardless of any provision of this deed of trust or the other Secured Obligation Documents, neither Trustee or Beneficiary shall not be considered to have accepted any property other than cash or immediately available funds in satisfaction of any obligation of Trustor to Beneficiary, unless Trustee or Beneficiary respectively, has given express written notice of its election of that remedy in accordance with the UCC. (d) Cure; Protection of Security. Trustee or Beneficiary may cure any breach or default of Trustor, and if it chooses to do so in connection with any such cure, Trustee or Beneficiary may also enter the Property and /or do any and all other things which it considers necessary or appropriate to protect the security of this deed of trust. Such other things may include: (1) appearing in and /or defending any action or proceeding which purports to affect the security of, or the rights or powers of Trustee or Beneficiary under, this deed of trust; Rev. 1.7.2015