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100859 therefor, and shall be entitled at its option to commence; appear in and prosecute in its own name any action or proceedings. Beneficiary shall also be entitled to make any compromise or settlement in connection with such taking or damage. All such compensatiori ' -awards, damages, rights of action. and proceeds awarded to Trustor (the "Proceeds°) are hereby assigned to Beneficiary and Trustor agrees to execute such further assignments of the Proceeds as Beneficiary or Trustee may require. 7. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time, by a written instrument executed and acknowledged by Beneficiary, mailed to Trustor and recorded in the County in which the Trust Estate is located and by otherwise co my y. with e provisions cif,the ayplicable law of the State of,. , sr bstitutP Tr-r- a s,. s o.r successors:- to the- .Trustee ,tin inures�to She beSORS AND ASSIGUS .hl �2��:d� ,Trt taggl�e� to, . refit of and binds a� :.;:� rt �a' hereacia ;. . L� .• .:.heir heirs, ieg3tees, devisees, personal re?pr�entftives: }.'.$ u2COssors and-assigns. The term "Beneficiary `:.Sha?l: the•-cwner art$ holder of the Obligations, whether oe' herein. a rsa,-:ced as Bi�n4fici g.- INSPECTIONS. Beneficiary, -cr its agents, representatives or workmen, are authorized to enter at any reasonably time upon or in any part of the Trust Estate for the purpose of inspecting the same and for the purpose of performing any of the acts it is authorized to perform under the terms of any of the Loan Instruments. 10. EVENTS OF DEFAULT. Any of the following events shall be deemed an vent of deult hereunder: e fa (a) Trustor shall have failed to make payment of any sum secured hereby when due within ten (10) days of Trustor's receipt of a written notice of such none - payment from Beneficiary or Trustee; or (b) There has•.•occurred a breach of or default on the part of Trustor under any covenant or agreement contained in any of the Loan Instruments and such breach or default has not been cured within ten (10) days of Trustor's receipt of a written notice of.such breach or default from Beneficiary or Trustee. 11. ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES. Should an event of default occur, Beneficiary inay declare all indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable without any presentment, f demand, protest or notice of any kind. Thereafter Beneficiary may: bringing an ) Either = without yactionorproccedingr or by a eceiverrappointed by a -5- L L � .M y. . x .t T '1 f _