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<br />200800353 <br /> <br />8. Events of Default. Any of the following events shall be deemed an event of default <br />hereunder: <br /> <br />A. Trustor shall have failed to make payment of any installment of <br />interest, principal or principal and interest, or any other sums secured <br />hereby when due, after ten (10) days of receipt of notice of default; <br /> <br />B. There has occurred a breach of or default under any term, covenant, <br />agreement, condition, provision, representation or warranty contained <br />in this Deed of Trust, the Note or any other loan instrument secured <br />hereby. <br /> <br />C. There has been a default by the Trustor in the payment of any prior or <br />subsequent lien or encumbrance in respect to all or any part of the <br />property; <br /> <br />D. Trustor shall file a petition in bankruptcy or shall be adjudicated <br />bankrupt or insolvent, or shall make an assignment for the benefit of <br />creditors in respect to the property; or any action to enforce any lien <br />or encumbrance or judgments against the property is commenced. <br /> <br />9. Acceleration Upon Default. In the event of any default, Beneficiary may declare all <br />indebtedness secured hereby to be due and payable and the same shall thereupon become due and <br />payable without any presentment, demand, or protest or notice of any kind. Thereafter, Beneficiary <br />may: <br /> <br />A. Either in person or by agent, with or without bringing any action or <br />proceeding, or by receiver appointed by a Court and without regard <br />to the adequacy of any security, enter upon and take possession of the <br />property, or any part thereof, in its own name or in the name of the <br />Trustee, and do any acts which it deems necessary and desirable to <br />preserve the value, marketability orrentability ofthe property, or part <br />hereof or interest therein, increase the income therefrom or protect the <br />security hereof, and, without taking possession of the property, sue <br />for or otherwise collect the rents, issues and profits thereof, including <br />those past due and unpaid, and apply the same, less costs and <br />expenses of operation and collection, including attorney fees, upon <br />any indebtedness secured hereby, all in such order as Beneficiary may <br /> <br />3 <br />