Beneficiary, as a matter of right and without notice to Trustor or any
<br />and without regard to the value of the trust estate or the interest of th
<br />the right to apply to any court having jurisdiction to appoint a receiv
<br />9. Inspections. Beneficiary, or its agents, representative
<br />authorized to enter at any reasonable time upon or in any part of the
<br />inspecting the same and for the purpose of performing any of the act
<br />under the terms of any loan instruments executed by Trustor.
<br />10. Transfer of Property. If all or any part of the Property
<br />therein is sold, transferred or further encumbered without the express
<br />Beneficiary, Beneficiary may, at its sole option, declare all sums sec
<br />be immediately due and payable and proceed to the remedies availab
<br />provisions contained herein.
<br />11. Events of Default. Any of the following events shall
<br />default hereunder:
<br />(a) Trustor shall have failed to make payment or
<br />principal or principal and interest or any other sums secured h
<br />(b) There has occurred a breach of or default unde
<br />agreement, condition, provision, representation or warranty c
<br />Trust, the note or any other loan instrument secured hereby;
<br />(c) There has been a default by the Trustor in the
<br />subsequent lien or encumbrance in respect to all or any part o
<br />(d) Trustor shall file a voluntary petition in bankru
<br />bankrupt or insolvent, or shall make an assignment for the be
<br />to the Property; or an action to enforce any lien or encumbran
<br />Property is commenced.
<br />12. Acceleration Upon Default. In the event of any default, Ben
<br />indebtedness secured hereby to be due and payable, and the same sha
<br />and payable without any presentment, demand, protest or notice of an
<br />Beneficiary may:
<br />(a) Either in person or by agent, with or without br
<br />proceeding, or by receiver appointed by a court and without r
<br />adequacy of any security, enter upon and take possession of t
<br />part thereof, in its own name or in the name of the Trustee, an
<br />it deems necessary and desirable to preserve the value, market
<br />of the Property, or part thereof or interest therein, increase the
<br />or protect the security hereof, and, without taking possession
<br />for or otherwise collect the rents, issues and profits thereof, in
<br />due and unpaid, and apply the same, less costs and expenses o
<br />collection, including attorney fees, upon any indebtedness sec
<br />such order as Beneficiary may determine. The entering upon
<br />possession of the trust estate, the collection of such rents, issu
<br />application thereof as aforesaid shall not cure or waive any de
<br />default hereunder or invalidate any act and in response to such
<br />to such notice of default and, notwithstanding the continuance
<br />Property or the collection, receipt and application of rents, iss
<br />tee or Beneficiary may be entitled to exercise every right prov
<br />the loan instruments or by law upon occurrence of any event o
<br />the right to exercise the power of sale;
<br />(b) Commence on action to foreclose this Deed of
<br />appoint a receiver, or specifically enforce any of the covenant
<br />3
<br />ne claiming under Trustor,
<br />Trustor therein, shall have
<br />of the Property.
<br />or workmen, are
<br />roperty for the purpose of
<br />it is authorized to perform
<br />or any interest of Trustor
<br />or written consent of
<br />red by this Deed of Trust to
<br />to it under the default
<br />e deemed an event of
<br />C C 0 6 4 6 3
<br />y installment of interest,
<br />reby when due;
<br />any term, covenant,
<br />ntained in this Deed of
<br />ayment of any prior or
<br />the Property;
<br />tcy or shall be adjudicated
<br />efit of creditors in respect
<br />e or judgments against the
<br />ficiary may declare all
<br />1 thereupon become due
<br />kind. Thereafter,
<br />nging any action or
<br />and to the
<br />Property, or any
<br />do any acts which
<br />bility or rentability
<br />income therefrom
<br />f the Property, sue
<br />luding those past
<br />operation and
<br />red hereby, all in
<br />d taking
<br />s and profits and
<br />ault or notice of
<br />default or pursuant
<br />in possession of the
<br />es or profits, Trus-
<br />ded for in any of
<br />default, including
<br />rust as a mortgage,
<br />hereof;
<br />
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