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200206963 of the time lot payment or modification 0f amortization of the suing secured by this Security Instrument granted by Rencficiary to any successor in interest of Tmstor shall not operate to release the liability of the original Truster or Trustoi s successors in interest. Beneficiary shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify ammuzation of the sums secured by this Security Instrument by mason of any demand made by the original Trustor or Trustor's successors in interest. Any forbearance by Beneficiary in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or rcmUdy I I. TRANSFER OF THE PROPERTY OR A RFNEFICIAL INTEREST IN TRI_15TOR if all or any part of the Property or any Imerest in it is sold or transferred (or if a beneficial interest in Tmstor is sold or transferred and Trustor is not a natural person) without Benefielary's prior written consent, beneficiary may, at its option, require immediate payment in full of all sums secured by this Se -mrity Instrument, however. this option shall not be exercised by Beneficiary if exorcise is prohibited by federal law as of the date of this Security Instrument. If Rencficiary exercises this option. Beneficiary shall give Truster notoo of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which the Truster must pay all sums secured by this Security Instrument. If Trustor fails to pay these sums prior to the expiration of this period. Beneficiary may invoke any remedies permitted by this Security Instrument without further notice or demand on Tlns[Ol 12. EVENTS OF DkFAUL7 Any of the following events .shall be deemed an event of default hereunder. a. Tmstor shall have failed to make payment of any installment of interest, principal, or principal and in e est or any other sum secured hereby when duc. or b. There has occurred a breach of or default under any term. covenant, agreement, condition. provision, representation or warranty contained in arty of the Lean Instruments. 13. ACCELERATION- REMEDIES Beneficiary shall give notice of default to Trustor prior in acceleration following Truster's breach of any covenant or agreement in this Trust Deed. The notice shall specify (a) the default, (b) the action required to cure the default; (e) a date, not less than 30 days from the date the notice is given to 'Tmstor, by which the default must be cured, and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the Sums secured by tills Security Instrument and sale of the Property. The notice shall further inform Truster of the right to reinstate after acceleration and the right to bring a coma action to assert the non - existence of a default Or any other defense of Trustor to acceleration and sale. If the default is not cured on or before the date specified in the notice, Beneficiary at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by applicable law_ Trustor shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 13, including, but not limited to, reasonable attorney's fees and costs of title evidence. If power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Trustoi mid to the other persons prescribed by applicable law- After the time required by applicable law, Trustee shall give public notice of site in the persons and in the manner prescribed by applicable law. Trustee, without demand on Trustor, shall sell the Property at public auction to the highest bidder at the time and place and under the ounis designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may