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(c) There has been a default by the Trustor in the payment of any prior or subsequent line or encumbrance in respect to all or any part of the property; (c) Trustor shall file a voluntary petition in bankruptcy or shall make an assignment for the benefit of creditors in re- spect to the property; or an action to enforce any lien or encum- brance or Judgments against the property is commenced. 11. Acceleration Upon Default. In the event of any default, Beneficiary may declare all indebtedness secured hereby to be due and payable, and the same shall thereupon become due and payable without any presentment. demend,protest or notice of any kind. Thereafter. Seneficiery may. (a) either In person or by agent, with or without bringing any action or prodding, or by receiver appointed by a court and without regard to the adequacy of any security, enter upon and take possession of the property, or any part thereof, in its own name or in the name of the Trustee,, and do an? acts which it deems necessary and c%sirable to preserve the value, market- ability or rentability of the property, or part thereof or inter- est therein, increase the income therefrom or protect the security hereof and, without taking possession of the property, sue for or otherwise collect the rents, issues and profits thereof, in- cluding `.hose past due and unpaid. and apply the same, less costs and exrenses of operation and collectio«. including attorney fen,. upon any indebtedness secured hereby, all in such order as Beneficiary may determine. The entering upon and taking pos- session of the trust estate, the collection of such rents. issues and profits and application thereof as aforesaid shall not cure o. L,'. -Iive any- default or notice of default hereunder or invalidate any alt and in reaponse to such default or pursuant to such notice C default :any +, notwithstanding the Continuance in possession of the pra3erty or the collection, receipt and application of rents. isscr-s or profits. Trustee or Beneficiary may be entitled to exercise every right provided for in any of the loan instru- ments or by law upon occurence of any event of default, including the right to exercise the power of sale; (b) com -enre an action to foreclose this Deed of Trust as a mu rtgage, mint a receiver, or specifically enforce any of the covenants hereof; (c) deliver to Trustee a written declaration of default and demand for sale, and a written notice of default and election to cause Trustor's interest in the property to be sold, which notice Trustee shall cause to be duly filed for record in the official records of the county in which the property is located. 1.2. Foreclosure by Power of Sale. Should Beneficiary elect to foreclose by exercise of the power of sale herein contained, Beneficiary shall notify Trustee and shall deposit with Trustee this Deed of Trust and the note and such reccirts and evidence of craenditures made and secured hereby as Tru�vtee may require, and upon request of the Beneficiary, the Trustee shall file for record, in the County where the property is located, a notice of default, setting forth the rkatne of the Trustor, the Book and page or Document No. of this Deed of Trust as recorded in the County, t`ie legal description of the above - described real estate and that a breach of an obligation, for which said real estate was conveyed as security, has occurred, and setting forth the nature of such breach and the Trustee's election to sell the real estate to satisfy the obligation and shall mail copies of such notice in the manner prescribed by applicable law to Trustor and to such other persons prescribed by applicable law. After the lapse of such time as may be required by applicable law, the Trustee shall give Liitten notice of the time and place of sale to Lire per- sons and in the manner prescribed by applicable law, describing t1he property to be sold by its legal description, said notice also to be polished in a newspaper of general circulation in the County'wherelo such property is located, at tt'e times and in the fashion required by applicable law; and the Trustee shall then sell said property at the time and place designated in the notice, in the manner provided by law in effect at the time of filing said notice. at public auction to the highest ME