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19 87-- 104651 6. DEFAULT. That, if the Trustor defaults in any of the covwkvits or agreaa its contained herein or in performance of the Promissory Note secured hereby, then the Beneficiary may perform the saw and that all expenditures made by Beneficiary in so doing shall draw interest at the rate provided in the Promissory Note and shall be repayable by Trustor to Beneficiary and, together with interest and costs accruing thereon, sha: be secured by this Trust Deed. 7. ACCELERATION UPON DEFAULT. That, if the Trustoc defauits in the payr. *nt of any instalment of principa:i or interest due under said Promissory Nate or if the Trustor defautts in the pecfonakiaace of any other covenant or agreement to be 1>arfocrmed under said Promissory Note or this Deed of Trust. then the holder of this Deed of Trust may eoc: :are a default by delivering written notice thereof to the Tcustor. That the said notice and notice of any sale subsequent thereto shah be sent by registered oc certified rimil with return raceipt requested and oe..ivecy shali be doomed to have been completed upon de:.ivery or such notice to the principal mace of residence of the Trustor. That if such cic:fau :t is not corrected withiii thirty (30) days after dei.i•very Qt such written mDtice the entire principal sum of said Promissory Note and accrued interest thereof and this Trust Deed shall at once bemco't e due and payable at the election of the hoiden hereof without further notice or ad- That fai:.ure to exercise this option shall. cwt coaastitute a waiver of the right to exercise the same in the event of any subsequent defauit. 8 _ CYr SALE. That the Trustor hereby confers upon the Trustee a power to ae.l the Trust Property which the Trustee may exercise aax9 ursdoc which the Trust Property may be sold in the imaruaec provided cry law after the eiatice prin.:ipat sum of said Promissory t7ote and accrued i:a.ereast thereof have become ch o anti payabie or, at the option of the Be :aaticiacy this T :mat Lead imay bct focec:loaed in the inaauaec provided by taw for the ioreceoyure of camortgayes on real property. That- if a sate of the Trust Propecty by the trustee is exercised ucader the terms of this ayr"aaeit the pzoceecks she.i be applied first to the payment of th4 :lusts and waavi of e!x cciwrag the power of saiQ, iiicWdiny the fee of tree Trustee la ari awouat riot to exceed two per cent (2 %) of the t* jr:-ice _rt:n to the pAyinent of the obligation secured by the .rust Dewd aixi the ba aa-mce if any, to the incson or persons iega.liy itatittwd ttWCVt0- 9 ACCELERATION 1:4 THE EVENT OF TRANSFER in the event the tat:.: to the :Li--U-reap estate 13 tean:fe3ctrs�,�ur 4untcacted to be transferred, froth the uixlersiyiued for a,ay :eaas<)n or by any iwathod whatsoever, the ai +t,ze pri:acisxt - su in and accure d tnte_est steal'_ at once become due and ')ayab,_e at the eiecttuxn of the Boieficiaiy Fai,uce to exercise this opt.Lon because of tcacisfer of title as above stater} in orne irasta.ace sho w not cuistitute a waiver of the right to exercise the same in the event of a.ay subsegLmit transfer. �r {