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202507088
<br />8. EVENTS OF DEFAULT. Any of the following events shall be deemed an
<br />event of default hereunder:
<br />(a) Trustors shall have failed to make payment of any installment of interest,
<br />principal, or principal and interest or any other sum secured hereby when due; or,
<br />(b) There has occurred a breach or default under any term, covenant,
<br />agreement, condition, provision, representation, or warranty contained in any ofthe Loan
<br />Instruments.
<br />9. ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES. Should
<br />an event of default occur, Beneficiaries shall give written notice to Trustors specifying the
<br />default,the action required to cure the default, a date not less than 60 days from the date of the
<br />notice bywhich the default must be cured, and that failure to cure the default on or before the
<br />specified date may result in acceleration of the entire sum secured by this Deed of Trust and
<br />resale ofthe property. Thereafter, the Beneficiaries may:
<br />(a) Either in person or by agent, with or without bringing any action or
<br />proceeding, or by a receiver appointed by a Court and without regard to the adequacy of its
<br />security, enter upon and take possession of the Trust Estate, or any part thereof, in its own name
<br />or in the name of Trustee, and do any acts which it deems necessary or desirable to preserve the
<br />value, marketability or rentability of the Trust Estate, or part thereof or interest therein, increase
<br />the income therefrom or protect the security hereof, and with or without taking possession of the
<br />Trust Estate, sue for or otherwise collect the rents, issues and profits thereof, including those past
<br />due and unpaid, and apply the same, less costs and expenses of operation and collection,
<br />including attomey's fees, upon any indebtedness secured hereby, all in such order as
<br />Beneficiaries may determine. The entering upon and taking possession of the Trust Estate, the
<br />collection of such rents, issues and profits and the application thereof as aforesaid, shall not cure
<br />or waive any default or notice of default hereunder or invalidate any act done in response to such
<br />default or pursuant to such notice of default and, notwithstanding the continuance in possession
<br />of the Trust Estate or the collection, receipt and application of rents, issues or profits, Trustee or
<br />Beneficiaries shall be entitled to exercise every right provided for in any of the Loan Instruments
<br />or by law upon occurrence of any event of default, including the right to exercise the power of
<br />sale;
<br />(b) Commence an action to foreclose this Deed of Trust as a mortgage,
<br />appoint a receiver, or specifically enforce any of the covenants hereof;
<br />(c) Deliver to Trustee a written declaration of default and demand for sale,
<br />and a written notice of default and election to cause Trustor's interest in the Trust Estate to be
<br />sold, which notice Trustee shall cause to be duly filed for record in the appropriate Official
<br />Records of the County in which the Trust Estate is located.
<br />(d) In the event of default in payment of principal or interest after that 60
<br />day grace period from due date has elapsed, Beneficiaries may, without further notice proceed
<br />with acceleration, foreclosure, power of sale, and any additionalremedies available to
<br />Beneficiaries as stated in Paragraphs 9, 10, and 11 of this Deed of Trust.
<br />10. FORECLOSURE BY POWER OF SALE. Should Beneficiaries elect to
<br />foreclose by exercise of the Power of Sale herein contained, Beneficiaries shall notify Trustee
<br />and shall deposit with Trustee this Deed of Trust and the Note and such receipts and evidence of
<br />expenditures made and secured hereby as Trustee may require.
<br />(a) Upon receipt of such notice from Beneficiaries, Trustee shall cause to be
<br />recorded, published and delivered to Trustors such Notice of Default and Notice of Sale as then
<br />required by law and by this Deed of Trust. Trustee shall, withoutdemand on Trustor, after such
<br />time as may then be required by law and after recording such Notice of Default and after Notice
<br />of Sale having been given as required by law, sell the Trust Estate at the time and place of sale
<br />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
<br />highest bidder for cash, in lawful money of the United States, payable at the time of sale.
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