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<br />88- 102644 <br /> <br />purposes, and any sum so expended by Beneficiary shall be added <br />to the indebtedness secured hereby and become secured by the lien <br />hereof. Beneficiary shall not incur any personal liability <br />because of anything ic may do or omit to do hereunder. <br /> <br />B. Inspections. Beneficiary, or its agents, representa- <br />tives or workmen, are authorized to enter at any reasonable time <br />upon or in any part of the property for the purpose of inspecting <br />the same and for the purpose of performing any of the acts it is <br />authorized to perform under the terms of any loan instruments <br />executed by Trustors. <br /> <br />9. Assignment of Rents. Beneficiary shall have, the right, <br />power and authority during the continuance of this Deed of Trust <br />to collect the rents, issues and profits of the property and of <br />any personal property located thereon with or without taking <br />possession of the property affected hereby, and Trustors hereby <br />absolutely and unconditionally assign all such rents, issues and <br />profits to Beneficiary. Beneficiary, however, hereby consents to <br />Trustors' collection and retention of such rents, issues and <br />profits as they accrue and become payable, so long as Trustors <br />are not, at such time, in default with respect to payment of any <br />indebtedness secured hereby, or in the performance of any agree- <br />ment hereunder. If any event of default described hereafter in <br />respect to this Deed of Trust shall have occurred and be con- <br />tinuing, Beneficiary, as a matter of right and without notice to <br />Trustors or anyone claiming under Trustors, and without regard to <br />the value of the trust estate or the interest of the Trustors <br />therein, shall have the right to apply to any court having juris- <br />diction to appoint a receiver of the property. <br /> <br />10. Transfer of Property. If all or any part of the <br />property or any interest of Trustors therein is sold, transferred <br />or further encumbered without the express or written consent of <br />Beneficiary, Beneficiary may, at its sole option, declare all <br />sums secured by this Deed of Trust to be immediately due and pay- <br />able and proceed to the remedies available to it under the <br />default provisions contained herein. <br /> <br />11. Events of Default. Any of the following events shall <br />be deemed an event of default hereunder: <br /> <br />(a) Trustors shall have failed to make pa~ent of <br />any installment of interest, principal or princ~pal and <br />interest or any other sums secured hereby when due; <br /> <br />(b) There has occurred a breach of or default <br />under any term, covenant, agreement, condition, provi- <br />sion, representation or warranty contained in this Deed <br />of Trust, the note or any other loan instrument secured <br />hereby; <br /> <br />(c) There has been a default by the Trustors in <br />the payment of any prior or subsequent lien or encum- <br />brance in respect to all or any part of the property; <br /> <br />(d) Trustors shall file a voluntary petition in <br />bankruptcy or. shall be adjudicated bankrupt or insolvent, <br />or shall make an assignment for the benefit of creditors <br />in respect to the property; or an action to enforce any <br />lien or encumbrance or judgments against the property <br />is commenced. <br /> <br />12. Acceleration Upon Default. In the event of any default, <br />Beneficiary may declare all ~ndebtedness secured hereby to be due <br />and payable, and the same shall thereupon become due and payable <br />without any presentmen~, demand, protest or notice of any kind. <br />Thereafter, Beneficiary may: <br /> <br />(a) either in person or by agent, with or without <br />bringing any action or proceeding, or by receiver <br />appointed by a court and without regard to the adequacy <br />of any security, enter upon and take possession of the <br /> <br />-3- <br />