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<br />(b) Trustor shall perform any act in bankruptcy; or
<br />(c) A court of competent jurisdiction shall enter an order, judgment or decree approving a petition filed
<br />against Trustor seeking any reorganization, dissolution or similar relief under any present or future
<br />federal, state or other statute, law or regulation relating to bankruptcy, insolvency or other relief for
<br />debtors, and such order, judgment or decree shall remain unvacated and unstayed for an aggregate
<br />of sixty (60) days (whether or not consecutive) from the first date of entry thereof, or any trustee,
<br />receiver or liquidator or Trustor or of all or any part of the Trust Estate, or of any or all of the
<br />royalties, revenues, rents, issues or profits thereof, shall be appointed without the consent or
<br />acquiescence of Trustor and such appointment shall remain unvacated and unstayed for an aggregate
<br />of sixty (60) days (whether or not consecutive);
<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,
<br />attachment or similar process of judgment is not released, bonded, satisfied, vacated or stayed
<br />within sixty (60) days after its entry or levy; or
<br />(e) There has occurred a breach of or default under any term, covenant, agreement, condition,
<br />provision, representation or warranty contained in any prior deed of trust or mortgage affecting the
<br />Trust Estate.
<br />10. Acceleration upon Default; Additional Remedies. If an event of default occurs,
<br />Beneficiary may declare the indebtedness secured hereby to be due and payable and the same shall
<br />thereupon become due and payable without any resentment, demand, protest or notice of any kind.
<br />Thereafter, Beneficiary may:
<br />(i) 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
<br />possession of the Trust Estate, or any part thereof, in its own name or in the name of Trustee, and do
<br />any acts which it deems necessary or desirable to preserve the value, marketability or rentability of
<br />the Trust Estate, or part thereof or interest therein, increase the income therefrom or pOrotect the
<br />security hereof and, with or without taking possession of the Trust Estate, sue for or otherwise
<br />collect the rents, issues and profits thereof, including those past due and unpaid, and apply the same,
<br />less costs and expenses of operation and collection including attorneys' fees, upon any indebtedness
<br />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
<br />thereof as aforesaid shall not cure or waive any default or notice of default hereunder or invalidate
<br />any act done in response to such default or pursuant to such notice of default and, notwithstanding
<br />the continuance in possession of the Trust Estate or the collection, receipt and application of rents,
<br />issues or profits, Trustee or Beneficiary shall been entitled to exercise every right provided for in
<br />any of the Loan Instruments or by law upon occurrence of any event of default, including the right
<br />to exercise the power of sale;
<br />(ii) commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver or specifically
<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
<br />and election to cause Trustor's interest in the Trust Estate to be sold, which notice Trustee shall
<br />cause to be duly filed for record in the appropriate offices of the County in which the Trust Estate is
<br />located; or
<br />(iv) 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
<br />of Trust and any note evidencing the Indebtedness and such receipts and evidence of expenditures made and
<br />secured hereby as Trustee may require.
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