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200611040 remedy given hereunder or now or hereafter existing at law or in equity or by statute. Every power or remedy provided under this Deed of Trust to Trustee or Beneficiary or to which either of them may be otherwise entitled, may be exercised, concurrently or independently, from time to time and as often as may be deemed expedient by Trustee or Beneficiary and either of them may pursue inconsistent remedies. Nothing herein shall be construed as prohibiting Beneficiary from seeking a deficiency judgment against the Trustor to the extent such action is permitted by law. 9. Transfer of the Property; Assumption. If all or any part of the Property or any interest therein is sold, transferred or conveyed by Trustor without Beneficiary's prior written consent, excluding (a) the creation of a lien of encumbrance subordinate to this Deed of Trust, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise, descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of one (1) year or less not containing an option to purchase, Beneficiary may, at Beneficiary'S option, declare all the sums secured by this Deed of Trust to be immediately due and payable, or cause the Trustee to file a notice of default. 10. Acceleration upon Default; Remedies; Sale. Upon default by Trustor in the payment of or performance of the terms and conditions of the Note, or any renewals, modifications or extensions thereof, or in the payment of any other indebtedness secured hereby or in the performance of any of the covenants or agreements hereunder, Beneficiary may, in the manner set forth in the Note, declare all sums secured hereby immediately due and payable and the same shall thereupon become due and payable without presentment, demand, protest or notice of any kind. Thereafter, Beneficiary may deliver to Trustee a written declaration of default and demand for sale. TRUSTEE SHALL HAVE THE POWER OF SALE OF THE PROPERTY and if Beneficiary decides the Property is to be sold it shall deposit with Trustee this Deed of Trust and the Note or notes and any other documents evidencing expenditures secured hereby, and shall deliver to Trustee a written notice of default and election to cause the Property to be sold, and Trustee, in turn, shall prepare a similar notice in the form required by law which shall be duly filed for record by Trustee. 6