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' 9� i� i���� Application # 0109037796 <br /> 1� <br /> 14. DEFAULT. Trustor will be in default if any party obligated on the Secured Debt fails to make payment when due. Trustor <br /> will be in default if a breach occurs under the terms of this Security Instrument or any other document executed for the <br /> purpose of creating, securing or guarantying the Secured Debt. A good faith belief by Beneficiary that Beneficiary at any time : <br /> �s insecure with respect to any person or entity obligated on the Secured Debt or that the prospect of any payment or the value : <br /> of the Property is impaired shall also constitute an event of default. <br /> 15. REMEDIES ON DEFAULT. In some instances, federal and state law will require Beneficiary to provide Trustor with notice <br /> of the right to cure or other notices and may establish time schedules for foreclosure actions. Subject to these lnnitauons, if <br /> any, Beneficiary may accelerate the Secured Debt and foreclose this Security Instrument in a maiuier provided by law if <br /> Trustor is in default. <br /> At the option of Beneficiary, all or any part of the agreed fees and charges, accrued interest and principal shall become <br /> immediately due and payable, after giving notice if required by law,upon the occurrence of a default or anytune thereafter.In <br /> addition, Beneficiary shall be entitled to all the remedies provided by law, the terms of the Secured Debt, this Security I <br /> Instrument and any:elated docui:ients, including without limitadon, the power to sell the Property. `_ <br /> If there is a default, Trustee shall, in addition to any other permitted remedy, at the request of the Beneficiary, advertise and <br /> sell the Property as a whole or in separate parcels at public auction to the highest bidder for cash and convey absolute title free � <br />