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89....100634
<br />10. Any of the folieving everts shaii he deemed an event of default hereunder:
<br />A. Trustors shall i:ave failed to =ake payment of any installment of principal or interest ar any other suss secured hereby when due;
<br />b. There has occurred a breach of or default under any term, coverant, agrement, c0iltWn, provision, representation or warranty contained
<br />in this Deed of Trust, the rote or any other loan irattuent secured hereby;
<br />e. There has been a default by the Trustors in the payment of any prior or subsequent lien or encusbrance in respect to all or soy part of
<br />the property;
<br />d. Trustors shill file a voluntary petition in bankruptcy or shall he adjudicated bankrupt or insolvent, or shall xnke an essigmertt for the
<br />benefit of creditors in respect to the property; or an action to enforce any lien or encumbrance or judgements against the plvpetty is
<br />commenced.
<br />H. ro the eiwt of any default, the Beneficiary may .declare all indebtedness secure,l hereby to be due and payatle anti the same'si�il dapre,�n
<br />become due and r•mtle without any. presentment, demand, protest or notice of any kind. Thereafter, the Beneficiary ag:
<br />a, eift-T, i 0, N. zz Cr by agent, with or without brinCisg my actian or proceeding, or by receiver appointed by a :p.r`. and w.it,hont re¢ard tz the
<br />&:t:�p&:cg rE sng security, enter crap, anti take rossessiM are the property, or any part thereof, ze a►�s Bite name ar in the we of the Trustee, an
<br />fo a. -, azl' aihiclt it deems nec=ssarl and desirable tc preserve the value, marketability or rentabi4ty of tt: property, or part thereof, or
<br />rt 4eses4 thereii+, increase the incom4 therefrom or protect the security hereof and, without taking possession of the property, sue for or
<br />otherwise .z_lect the rents, issues a-,d pra?its thereof, inc-Ming these past due and unpaid, and apply the same, leas costs and expanses of
<br />operation and collection, including attorney fees, upon any indebtedness secured hereby, all in sue; order as the Beneficiary may determine. The
<br />entering upon sad taking possession of the trust estate, the co!lection J such rents, issues and profits and application thereof as aforesaid
<br />shall tot cure or waive any default or notice of default hereunder cr invalidste any act and in response to such default or pursuant to secb
<br />notice of default and notwithstanding the continuance in possession of the property ar the collectior.. receipt and application of ra_.t., iss^ cr
<br />profits, ; �stEe ai the Beneficiary may be entitled to exercise every right provided for in any of the loan instruments or by law u;dr o : :ctre%e
<br />of any event :f lefault, including the right to exercise the power of sale:
<br />b, commence an action to foreclose this Deed of Trust as a mortgage, apps ;n, are :eirer, or sre:i:icaily enforce any of the cavenasts tereo :
<br />c, deliver to Trustee a written declaration of default and dexara for sale, sad a written ratite of default and election to cause 'rstors'
<br />interest in the property to be so'.d, r� :;r. ratite Tras:ee sea :: ;arse to be auly filed for record in the official records _f tl p cvzty a w:ct
<br />the property is lc.^,atei.
<br />lt. Should the Beneficiary elect to; fe eclese by exercise of the power of sale herein contained, the Beneficiary shall notify Trustee and shall '
<br />deposit with Trustee this Deed of Trust and the nave and su :h re :eipts and evidelx of expenditures made and secured hereby as Trustee may require,
<br />and upon request of the Beneficiary, the Trustee shall cause to be recorded, polished and delivered to Trustor such Notice of Default it'd totice of i. .
<br />Sale as then required by law and by this Deed of Trust. Trustee shall without demand on Truster, after such time as may then be required by law and
<br />after recordatin off such bnttrp of npf.nit wed 3fte3 L^tic_ W. m-ni r Bi- %3 4414w `uj ins. aeli L'ne pPlFer[y U Me Time 3*C'D11ce Cr
<br />eale fixed by it ir such Notice of Sale, either as a whole. or in separate lots or parcels or items as Tt:stee shaii deem. exoediea:, and it, s�. -:h artier Y
<br />as it may determine, at public auction to the l ighes, bi ,!ec `or cash and sh3; : :eiiver to such rcrchaser :r purchaseN thereof a ddedtc fie; oaerty
<br />sold, consistent with the law then in effect. ne ::
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