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. . 99 i� � ��'~ therein and such execution, attachment or similar process of judgment is not released, bonded, satisfied, vacated or stayed within sixty (60) days after its entry or levy; 'or (e) There has occurred a breach of or default by Trustor under any material term, covenant, agreement, condition, provision, representation or warranty contained in any of the Project Loan Documents which default is not cured within the applicable grace period; or (f) Trustor shall cause or permit without the written consent of Beneficiary the lien of this Deed of Trust to become subordinate to encumbrances not permitted herein or to cease to secure future advances as described in Section 6 hereof . 12 . ACCELER.ATION UPON DEFAULT; ADDITIONAL REMEDIES . If an event of default occurs, Beneficiary may declare all indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable without any presentment, demand, protest or notice of any kind. Thereafter Beneficiary may: (a) Either in person or by agent, with or without bringing any action or proceeding, or by a receiver appointed by a court and without regard to the adequacy of its security, enter upon and take possession of the Trust Estate, or any part thereof, in its own name or in the name of Trustee, and do any acts which it deems necessary or desirable to preserve the value, marketability or rentability of the Trust Estate, or part thereof or interest therein, increase the income therefrom or protect the security hereof and, with or without taking possession of the Trust Estate, sue for or otherwise collect the rents, issues and profits thereof, including those past due and unpaid, and apply the same, less costs and expenses of operation and collection, including attorneys ' fees, upon any indebtedness secured hereby, all in such order as Beneficiary may determine . The entering upon and taking possession of the Trust Estate, the collection of such rents, issues and profits and the application thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act done in response to such default or pursuant to such notice of default and, notwithstanding the continuance in possession of the Trust Estate or the collection, receipt and application of rents, issues or profits, Trustee or Beneficiary shall be entitled to exercise every right provided for in any of the Project Loan Documents or by law upon occurrence of any event of default, including the right to exercise the power of sale; (b) Commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver or specifically enforce any of the covenants hereof; 10