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200001700 <br />(d) a writ of execution or attachment of any similar process shall be entered against Trustor which shall <br />become a lien on the Trust Estate or any portion thereof or interest therein and such execution, attachment or similar <br />process of judgment is not released, bonded, satisfied, vacated or stayed within sixty (60) days after its entry or levy; <br />or <br />(e) there has occurred a breach of or default under any term, covenant, agreement, condition, provision, <br />representation or warranty contained in any prior deed of trust or mortgage affecting the Trust Estate. <br />10. ACCELERATIONS UPON DEFAULT; ADDITIONAL REMEDIES. If an event of default occurs, Beneficiary may <br />declare the Indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable <br />without any presentment, demand, protest or notice of any kind. Thereafter, Beneficiary may: <br />(i) either in person or by agent, with or without bringing any action or proceeding, or by a receiver <br />appointed by a court and without regard to the adequacy of its security, enter upon and take possession of the Trust <br />Estate, or any part thereof, in its own name or in the name of Trustee, and do any acts which it deems necessary or <br />desirable to preserve the value, marketability or rentability of the Trust Estate, or part thereof or interest therein, <br />increase the income therefrom or protect the security hereof and, with or without taking possession of the Trust <br />Estate, sue for or otherwise collect the rents, issues and profits thereof, including those past due and unpaid, and <br />apply the same, less costs and expenses of operation and collection including attorney's fees, upon any <br />indebtedness secured hereby, all in such order as Beneficiary may determine. The entering upon and taking <br />possession of the Trust Estate, the collection of such rents, issues and profits and the application thereof as <br />aforesaid shall not cure or waive any default or notice of default hereunder or invalidate any act done in response to <br />such default or pursuant to such notice of default and, notwithstanding the continuance in possession of the Trust <br />Estate or the collection, receipt and application of rents, issues or profits, Trustee or Beneficiary shall be entitled to <br />exercise every right provided for in any of the Loan Instruments or by law upon occurrence of any event of default, <br />including the right to exercise the power of sale; <br />(ii) commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver or specifically <br />enforce any of the convenants hereof; <br />(iii) deliver to Trustee a written declaration of default and demand for sale and a written notice of default <br />and election to cause Trustor's interest in the Trust Estate to be sold, which notice Trustee shall cause to be duly filed <br />for record in the appropriate offices of the County in which the Trust Estate is located; or <br />(iv) exercise such other rights or remedies at law or in equity. <br />11. FORECLOSURE BY POWER OF SALE. If Beneficiary elects to foreclose by exercise of the Power of Sale <br />herein contained, Beneficiary shall notify Trustee and shall deposit with Trustee the Second Deed of Trust and any note <br />evidencing the Indebtedness and such receipts and evidence of expenditures made and secured hereby as Trustee may <br />require. <br />(a) Upon receipt of such notice from Beneficiary, Trustee shall cause to be recorded, published and <br />delivered to Trustor such Notice of Default and Notice of Sale as then required by law and by this Second Deed of <br />Trust. Trustee shall without demand on Trustor, after such time as may then be required by law and after recordation <br />of such Notice of Default and after Notice of Sale having been given as required by law, sell the Trust Estate at the <br />time and place of sale fixed by it in such Notice of Sale, either as a whole, or in separate lots or parcels or items as <br />Trustee shall deem expedient, and in such order as it may determine, at public auction to the highest bidder for cash <br />in lawful money of the United States payable at the time of sale. Trustee shall deliver to such purchaser or <br />purchasers thereof its good and sufficient deed or deeds conveying the property so sold, but without any covenant <br />or warranty expressed or implied. The recitals in such deed of any matters or facts shall be conclusive proof of the <br />truthfulness thereof. Any person, including without limitation Trustor, Trustee or Beneficiary, may purchase at such <br />sale. <br />(b) As may be permitted by law, after deducting all costs, fees and expenses of Trustee and of this Trust, <br />including costs of evidence of title in connection with sale, Trustee shall apply the proceeds of sale to payment of (i) <br />the Indebtedness (ii) all other sums then secured hereby, and (iii) the remainder, if any, to the person or persons <br />legally entitled thereto. <br />(c) Trustee may in the manner provided by law postpone sale of all or any portion of the Trust Estate. <br />12. REMEDIES NOT EXCLUSIVE. Trustee and Beneficiary, and each of them, shall be entitled to enforce <br />payment and performance of any indebtedness or obligations secured hereby and to exercise all rights and powers under <br />this Second Deed of Trust or under any Loan Instrument or other agreement or any laws now or hereafter in force; <br />notwithstanding, some or all of the such indebtedness and obligations secured hereby may now or hereafter be otherwise <br />secured, whether by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the acceptance of this Second <br />Deed of Trust not its enforcement, whether by court action or pursuant to the power of sale or other powers herein <br />contained, shall prejudice or in any manner affect Trustee's or Beneficiary's right to realize upon or enforce any other <br />security now or hereafter held by Trustee or Beneficiary, it being agreed that Trustee and Beneficiary, and each of them, <br />shall be entitled to enforce this Second Deed of Trust and any other security now or hereafter held by Beneficiary <br />3 <br />