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1.218716C 87-1006()3 without notice or demand, and the Beneficiary shall have the option to foreclose judicially or extrajudicially through power of sale of any and all liens securing the payment thereof: (a) The Truster fails to pay when clue any amounts due under the Promissory Note, unless such default is cured within ten (tll) slays after the occurrence thereof; or .. (b) The Trusfor fails to observe or perform any covenant, - agreement or obligation contained in any of the Security Documents, unless such failure is cured within thirty (313) days after written notice of Such failure from the Beneficiary to the Truster, provided that the thirty (30) day cure period shall be exterxled by Beneficiary to such:. reasonably longer - period for any rmmumone ary default whirls is not susceptible of cure within thirty (30) dates and Truster has un der taken, and is vigorously proceeding to effect, ` such cure; or (c) The Truster, or either of them, generally does not pay his debts as they beccane clue, fibs a petition scenting a voluntary case under any chapter of the Bankruptcy Code, .tl U-S.C_ §t @3 et 5eg. (the 'Bankruptcy .Code"), is adjudicated an went, files a petition seeking any retirganization, arrangement c owtison, r rst�ent, liquidat%ars, dissolution or similar arrangement under the Bankruptcy Code, or any other present or future statute, laws rule. ,or ,regulation,_ or -fib_ an _ - - answer admitting the material allegations of a petition filed against him in any such proceeding, consents to the 'filing of such a petition or acquiesces in the appointment of a trustee. receiver, custodian or other similar .official for him or if= or an of his_ €sir a substantial part of his assets Or Properties, or takes any action too-king to his dissolution or liquidation; or (d) if a final order, judgment or decree shall be entered against the Truster, or either of tom. by _a court of Meet f jurisdiction: which.. together with other outstandina larders, ; ts, and decrees against the Trust, or either of them, exceeds an ), aggregate of S10,08t.00 (exclu sive of amounts insured arpinst by - '.ate liability insurance policies), and shall continue in effect for a:nv' - -- - � - -- _ period of thirty (30) . consecutive days without - a stay_ of execution; or (e) Should it be discovered after the execution and delivery of this instrument that there is a defect in the title to, or a lien or encumbrance of any nature, can the €teal Estate or personal property described in the Security Dacur%ents, prior to the her of the Beneficiary in the Security Documents, and not disclosed in the policy of title insurance issued to the Beneficiary insuring the priority of the Deed of Trust covering the Real Estate, unless such defect is cured within thirty (30) days after written notice of such defect from ;tee Beneficiary to the Truster; or - - - - (f) if any prior leers, encurgbrance or homestead ciao^ is s €ermined to exist against the heal Estate adverse to the priority of the lien given to the Beneficiary - hereof in this Deers of rust and net disclosed in the policy of title insurance :ss to the Beneficiary - _ s —Arin,n the n_rinrty rf thus nawwt - T- ..-t _._ _s' ?_ AL # s