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200300836 <br />of the Trust Estate, or of any or all of the royalties, revenues, rents, issues or profits thereof, shall be appointed <br />without the consent or acquiescence of Trustor and such appointment shall remain unvacated and unstayed for an <br />aggregate of su:ty (60) days (whether or not consecutFre); or <br />(d) a writ of execution or attachment of any similar process shall be entered against Trustor which shall <br />become a lien on the Trust Estate or any portion thereof or interest therein and such execution, attachment or <br />similar process of judgment is not released, bonded, satisfied, vacated or Stayed within sixty (60) days after its <br />entry or levy; or <br />(e) there has occurred a breach of or default under any term, covenant, agreement, condition, provision, <br />representation or warranty contained in any prior dead of trust or mortgage affecting the Trust Estate. <br />10. Acceleration upon Default; Additional Remedies. If an event of default occurs, Benefolary may <br />declare the Indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable <br />without any presentment, demand, protest or notice of any kind. Thereafter, Beneficiary may: <br />(1) either in person or by agent, with or without bringing any action or proceeding, or by a receiver <br />appointed by a Court and without regard to the adequacy of its security, enter upon and take possession of the <br />Trust Estate, or any part thereof, in its own name or in the name of Trustee, and do any acts which it deems <br />necessary or desirable to preserve the value, marketability or rentability of the Trust Estate, or part thereof or <br />interest therein, increase the income therefrom or protect the Security hereof and, with or without taking possession <br />of the Trust Estate, sue for or otherwise collect the rents, issues and profits thereof, including those past due and <br />unpaid, and apply the same, less costs and expenses of operation and collection including attorneys' fees, upon <br />any Indebtedness secured hereby, all In such order as Beneficiary may determine. The entering upon and taking <br />possession of the Trust Estate, the collection of such rents, issues and profits and the application thereof as <br />aforesaid shall not cure or waive any default or notice of default hereunder or invalidate any act done in response <br />to such default or pursuant to such notice of default and, notwithstanding the continuance in possession of the <br />Trust Estate or the collection, receipt and application of rents, issues or profits, Trustee or Beneficiary shall be <br />entitled to exercise every right provided for in any of the Loan instruments or by law upon occurrence of any event <br />of default, including the right to exercise the power of sale; <br />(If) commence an action to foreclose this Dead of Trust as a mortgage, appoint a receiver or specRically <br />enforce any of the covenants hereof; <br />(iii) deliver to Trustee a written declaration of default and demand for sale and a written notice of default and <br />election to cause Trustols Interest in the Trust Estate to be sold, which notice Trustee shall cause to be duly filed <br />for record in the appropriate offices of the County in which the Trust Estate is located; or <br />(fv) exercise such other rights or remedies at law or in equity. <br />11. Foreclosure by Power of Sale. If Beneficiary elects to foreclose by exercise of the Power of Sale <br />herein contained, Beneficiary shall notify Trustee and shall deposit with Trustee this Second Deed of Trust and any note <br />evidencing the Indebtedness and such receipts and evidence of expenditures made and secured hereby as Trustee may <br />require. <br />(a) Upon receipt of such notice from Beneficiary, Trustee shall cause to be recorded, published and <br />delivered to Trustor Such Notice of Default and Notice of Sale as then required by law and by this Second Dead of <br />Trust. Trustee shall, without demand on Trustor, after such time as may then be required by law and after <br />recordation of such Notice of Default and after Notice of Sale having been given as required by few, sell the Trust <br />Estate at the time and place of sale fixed by it in such Notice of Sale, either as a whole, or In separate lots or <br />parcels or items as 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. Trustee Shall deliver to <br />such purchaser or purchasers thereof its good and sufficient deed or deeds conveying the property so sold, but <br />without any covenant or warranty, express or implied. The recitals in such deed of any matters or facts shall be <br />conclusive proof of the truthfulness thereof. Any person, including without limitation Trustor, Trustee or Beneficiary, <br />may purchase at such sale. <br />(b) As may be permitted by law, after deducting all costs, fees and expenses of Trust% and of this Trust, <br />including costs of evidence of the in connection with sale, Trustee shall apply the proceeds of sale to payment of <br />(f) the Indebtedness (ii) all other sums then secured hereby, and (III) the remainder, ff any, t0 the person or <br />persons legally entitled thereto. <br />(c) Trustee may in the manner provitletl by law postpone sale of all or any portion of the Trust Estate. <br />12. Remedies Not Exclusive. Trustee and Beneficiary, and each of them, shall be entitled to enforce <br />payment and performance of any Indebtedness or obligations secured hereby and to exercise all rights and powers under this <br />Second Dead of Trust or under any Loan Instrument or other agreement or any laws now or hereafter in force; <br />notwithstanding, some or all of the such Indebtedness and obligations secured hereby may now or hereafter be otherwise <br />secured, whether by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the acceptance of this Second <br />Dead of Trust nor Its enforcement, whether by court action or pursuant to the power of sale or other powers herein <br />F133 01Me (11/00) Page 3 of 5 NIFA 7/00 <br />m18,R <br />