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88....1 ~p4826 I. B014, u&ndarred 01' turthar encuaued without chi expnlll or written con..nt of hnaUduy. ..n.riel...)' "Y. At lu lole optlon, d.ctan .U '\IM ..cured by thi. Deld of Trust to ba i_diaClly due .and pay.bla u.d proceed to the n_dl.. Ivdlabla to It under tho default proY1,lona contained huda. 11. !venU of Default. My of' tho follov1q .VlSne. .hall be deeIMd an event of default hereUDderl (I) TEU.tOt' ahall han rdled to ..Ita p.)'IInt of any insullment af inter.at, principii 1 or principal and. lnter.at or any other IUII8 neured hereby when due;, (b) Then ha. occurred a breach of or default under any ura, covenant: I ..r.....t, condition, provblon, representation Dr "arranty contalnBd in this need of Truat. the Dote or any other loan trwtrlllent Bacured hereby; (c) There h.. bellll . dafBulr: by the Truacol' in the pa)'lletlt of any prior or lublequent lien or encUllbrance In respect to all or any part of the property; (d) Trusto'I' sball file a voluntat'Y petition in bankruptcy or llball bl! adjudi- CIIted bankrupt or insolvent. or shall ..ke lID anian_nt for the benefit of creditors in reapect to the property, or an action to enforce any Uen or encumbrance or judg- ~nt.s a,ainat the prope'C'ty ill CDlIlIIleJlce.d. 12. Acceleration Upan Default. In the event of any default. Beneficiary may declare all 1ndebudne.. a.cured hereby to be due and payable. and the SImB eball thereupon become due and payable without any preuentllent. dell&Dd. protest or notice of any ldnd. Thereafterl Baneficlary may: (.) either:ln pe.reoD or by .agent. with or without bringing any action or pro- ceedin&. or by receiver .ppointed by a court and wHhout regard to the adqUllCY of any security. enter upon and take po.seuion of the property I or any part thereof. In ita own o_e or in tha naJDII of the TruDtee. and do any Dcts which it deCIU necessary and desirable to preserve the value. turketabiUty or rentab1.Uty of the property" 01' part thereof or Interest therein. increase the income the'C'efrom or protect the security hereof and. without talting posseasion of the property. sue far Dr otherwise collect tM renU. i..ues and profits thereof, inc1udina those pallt due and unpaid I and apply the sa_I le8s costs and 8xpenaea of operation and collection, tnclud'1l\g at.tarney feeal upon any indebtedn... .ecured hereby, all in auch order as Beneficiary DUly deteraine. DIe ent.rinK upon and t.kina po.....ian of the tru.t e.tate. the calleetion o~ such rent.. issue. and profiu and application thereof a. aforeaaid ehall not CUEe Dr waive any d.- hult or notice of default hereunder or InvaUdate any act and in relaponse to auch de- fault or puuuant to sueb notice of default and. notwithstanding the continuance in posDesalon of the property or the collection, receipt and applicatlo!l of rents. 1ssuea or profit., Tru.tee or Beneficiary IDaY be entitled to exercise every right provided for in my of the loan instrUllll!nta or by law upon occurrence of any event of default, in- c1udina the daht to exercbe the pover of ..l.~ (b) colDeDce an action to fonclose this Deed of Trust aa a IIIOrtpgo. appoint . receiverl or specifically enforce any of the covenants hereof; (c) deliver to Truetea .. written declantion of default and demand for sale. and . written notice or default and election to cauae Trustor's interest. In the prop.'C'ty to be .old. which Dot ice Trldlt_ .hall cau.. to be duly filed for record in the official ncarda of the co....ty in which the property is located. 13. Fonclo.ur. bY Power of Sala. Should Beneficiary elect to foreclose by exerci.. of the power of aale hereto contained. .eneficiary .hall notify Tru.tee and .hall deposit with Trustee tb1. Deed of Truet aud the oote and .uch receipts and avidence of expenditures ..de and secured hereby.. TrWltlle ..y relluirel and upon requeat of the 'eneficiaryl the Trustee shall fUe for record. 10 the bgiater of Deeds office in the County whe['e the property la loc.tedl II not.ice of default. settins forth the 0'" of the Truatorl the Book and Paa. or Dacuzaent No. of this Deed of Trust aa recorded io said Regtater of Deeda office I the leaal deacdption of the above-described real eatate and th.t a breach of .. obUsadonl for which .ald real eatate wa. conveyed .a security. has occurred. and settinl forth the nature of such breach and the Trustee's election to sell the real e.tate to satiafy the obliption; and after the laps. of not leas tlYn one (1) month, the Trustee shall give written notice of the ti_ end place of .ale which ..y ba between 9:00 a.lD. and S p.m. at the pre.heal or at the Courthouse in the County wherein auch property b located. de.cribing the property to be aold by ita legal deacrtp- tloD.. .aid notice to b. pubUllhed 1n a newspaper of general circulatiDn in the COWlty wherein such property h located, once. week for flva (5) cona.cutive wesks, the Ia.t publicatloo t.o be at le..t telll (10) daya. but Dot .,n than thirty (30) daya. prior to-- the a.le. and the Trustee ehall then Bell ..id property at the tJae and plK. de.ianated in the notice. in the manoal' pruvided by law io effect at the tt. of fllinS ..id notice, at public auction to the highest bidder for cash Bnd shan deliver to .uch purchaser. deed to the property aold. cond.cent with the lav in effect at the Ct.II. Upoo Ellceipt of the pdcII bid, Trldlt.. .hall deUver to the purchase. Trustee"a deed conveyinB the propertyaold. Recitab t.n the Trustee'. deed shall be prima facie evidence of the truth of che at ate- aeots _de therein. Truatee "'all apply the proceeda of the sale in the follow-Jng order: (a) to aU r..acmable casu and exp...... of the ..la. includ.ins but not limited to. Trusteels fees of not IlIOre thaD_I of the gros. aale price. rea.on.ble attomey fees and. coaU of title evideoce. (b) to.U .WIII .ecund by thia Deed of Truat; and (c) the exce... if anYI to the person or penon. l8S811y en- titled thereto. Any peraon. includ1ns leneftclnry. ..y purchase said property at said sale. Tbe penon cooductiD& the .ale ..y, for any cause he or .he dcCllD 8;rpe'il1cnt. postpone the sale baa t:1aa to ttJM untU it .hall b. c~l.ted and. in evIIry .uch c.... notice of poatpan...nt .hall b. .lYeA by public dec1ar.tlor1 thereof by lueh penon at the ti~ and piKe l.at appointed far the .ala; pro- vided" If the aale 1a poacponed for longer than one (1) d.y beyond the date designated in the notice of ..le. nottce thereof .han b... given in the same II8IIner aa the orisinal notice of sale. U. -..-die. Hot bclull1vII. Trunee and Beneficiary. and each of the_I sh.U be entitled to en- force p."'Qt and perfor.aAce of any iodebtedneaa or obUaation aecured hereby and to eurcbe all ri&hta and power. UDder this Deed of Iruat or under any loan tnatr\llM!Qt. or ather .Sreeaent or any lawa now or bar.aftur _fotced. notvltbataDdinS ao. or all of the indebtedneas and obl1sat lona secured heraby whicb..y now or "ereafter ba othendae aecured, whuther by aortpKe. deed of trus&:1 pledge, Uen. ..aI81l- _t or otbervi... Heither the acc.ptance of thb Deed of Trun nor Ita enforceJllent. whether by court act-loIt or pur.uaDt to tha power of .ale or other poven herein contained I shall prejudice or to any __ar .ffect ~uat..'. or IctDllflcl.ry'. rilht to re.lIze upon or enforce any other lIecurlt}. now or har.- .fur bald br Tru.t.e Dr Beneflciary. it beina alre.d that Trustee and lenef1c18ry, end each of th_. .hall b4: entitled to enforce this Deed of Truat and .ny other Ilecurlty nO\l or hereafter held by the Bene- ficiary or Truetee in auc:h order and. ...mer a. the," Dr either of the... _Y ln thelr .bsolute discretlon d.te~lna. 110 I".-ed, her.to conf.rred upun or reaerved to Trulltee or BenefJclary la intended to ba 11:11- cIUlli.... of any oth.r r...dy herein or by law provided or peralUedl but each Ilh.ll be cumulative and .han be In .addlc.fon C.a .".ry other reaedy liven hel"tlunder Of nD'" Dr 11l~re.fter exlat lng at law or In .quh, or b,. .tatut.. 1".1" p"",.r or r...dy livan by any of the loan lnst rUDe1lt5 to Truat'"1 01" 8ene- ficlary 01" to which either of the....y be olheNI.. entitled 1a4)' be exerda.:d, concurfently Dr tndapen- deDtl,. fl"u. I.t_ to t1.. and .. oft<liln .s ...y be d...4 expedient by Trulltel."" ur 8ene(tel"ry. 411aJ etlhur or the-. .., pur.~ lnconslat.ent rea:dle.. Hothinl herein .h.ll be C(JUotrut.'ll alii I'roh1btt InK Baueftcl.-..y f..~ .....In. . defiCiency JudlMllt A.alnat Trulto[' to lhe .atenl .uch IU'( tun lit IUH"tIltued hy 11lW, -2-