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I 88- 101244 10. As additional security Borrower does hereby assign, transfer and set over to Lender, in case of default in the performance of any of the terms or conditions of this Trust Deed, the Note, or the terms of any indebtedness secured hereby, all of the rents, revenues and any incomes of any type whatsoever to be derived from the Property, including land contract payments. Lender, in person, by agent or by receiver, without regard to the solvency or insolvency of the Borrower or the value of the Property, shall be entitled to take possession of, repair, rent and manage the Property and to collect the rents, revenues and income therefrom and it may payout of said income all expenses of repair and costs incurred in renting and managing the Property and collecting rentals and for payment of insurance premiums with any remaining balance to the applied to the last maturing payments of the debt secured hereby. Upon presenting a copy of this Trust Deed and demand to any lessee, tenant or contract purchaser of the Property, such perS0n shall pay all rents, payments and profits accrued or thereafter accruing to the Lender until further notice from the Lender. 11. Upon Borrower's breach of any covenant or agreement of Borrower in this trust Deed, including the covenants to pay when due any sums secured by this Trust Deed, or if all or any part of the Property or any interest therein is deed, sold by land contract or otherwise conveyed, alienated or further encumbered either voluntarily or involuntarily without Lender's prior written consent, excluding a transfer by operation of law upon the death cf a joint tenant, then Lender at its option may declare all of the sums secured by this Trust Deed to be immediately due and payable without further demand and may invoke the power of sale and/or any other remedies permitted by applicable law including the right to foreclose this Trust Deed in the manner provided by law for the foreclosure of mortgages on real estate. Lender shall be entitled to collect all reasonable costs and expenses incurred in pursuing such remedies including, but not limited to, reasonable attorney's fees. 12. If the power of sale is invoked, Trustee shall record a notice of default in each county in which the Property or some part thereof is located and provide notice thereof in the manner prescribed by applicable law. After the lapse of such time as may be required by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, or the attorney for the Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in such order as Trustee may determine. The Trustee may employ the services of an auctioneer or other professionals to aid in the conduct of the sale. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or Lender's designee may purchase the property at any sale. -4- L L ~