Laserfiche WebLink
<br />105119 <br /> <br />~- <br /> <br />payable and proceed to the remedies available to them under the <br />default provisions contained herein. <br /> <br />11. Events of Default. Any of the following events shall be <br />deemed an event of default hereunder: <br /> <br />(a) Trustors shall have failed to make payment of <br />any installment of interest, principal or principal 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, <br />provision, representation or warranty contained in this <br />Deed of Trust, the note or any other loan instrument <br />secured hereby; <br /> <br />(c) There has been a default by the Trustors in <br />the payment of any prior or subsequent lien or <br />encumbrance in respect to all or any part of the <br />property; <br /> <br />(d) Trustors shall file a voluntary petition in <br />bankruptcy or shall be adjudicated bankrupt or <br />insolvent, or shall make an assignment for the benefit <br />of creditors in respect to the property: or an action to <br />enforce any lien or encumbrance or judgments against the <br />property is commenced. <br /> <br />12. Acceleration Upon Default. In the event of any default, <br />Beneficiaries may declare all indebtedness secured hereby to be <br />due and payable, and the same shall thereupon become due and <br />payable without any presentment, demand, protest or notice of any <br />kind. Thereafter, Beneficiaries may: <br /> <br />(al 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 />property, or any part thereof, in their own name or in <br />the name of the Trustee, and do any acts which they deem <br />necessary and desirable to preserve the value, <br />marketability or rentability of the property, or part <br />thereof or interest therein, increase the income <br />therefrom or protect the security hereof and, without <br />taking possession of the property, sue for or otherwise <br />collect the rents, issues and profits thereof, including <br />those past due and unpaid, and apply the same, less <br />costs and expenses of operation and collection, <br />including attorney fees, upon any indebtedness secured <br />hereby, all in such order as Beneficiaries may <br />determine. The entering upon and taking possession of <br /> <br />-4- <br />