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L. g6.... 102257 materially affects LENDER'S interest in the Property, LENDER may in its own discretion, but without obligation to do so, and without notice to or demand upon BORROWER and without releasing BORROWER from any obligation, do any act which the BORROWER has agreed but fails to do and may also do any other act it deems necessary to protect the security hereof. BORROWER shall, immediately upon demand therefor by LENDER, pay to LENDER all costs and expenses incurred and sums expended by LENDER in connection with the exercise by LENDER of the foregoing rights, together with interest thereon at the rate provided in the Note, which shall be added to the indebtedness secured hereby. LENDER shall not incur any personal liability because of anything it may do or omit to do hereunder. 8. Events of Default. The following shall constitute an event of default under this Deed of Trust: (a) Failure to pay any installment of principal or interest or any other sum secured hereby when due, or failure to pay when due any other indhbtedness of BORROWER to LENDER; (b) A breach of or default under any provision contained in the Note, this Deed of Trust, any document which secures the Note., and any other encumbrance upon the Property; (c) A writ of execution or attachment or any similar process shall he entered against BORROWER which shall become a lien on the Property or any portion thereof or interest therein; (d) There shall be filed by or against BORROWER an action under any present or future federal, state or other statute, law or regulation relating to bankruptcy, insolvency or other relief for debtors; or there shall be appointed any trustee, receiver or liquidator of BORROWER or of all or any part of the Property, or the rents, issues or profits thereof, or BORROWER shall make any general assignment for the benefit of creditors; (P) The sale, transfer, assignment, conveyance, or further encumbrance of all or any part of or any interest in the Property, either voluntarily or involuntarily, without the express written consent of LENDER. (f) If BORROWER is not an individual, the sale, transfer, assignment, conveyance or encumbrance of more than N/A per cent of (if a corporation) its issued and outstanding stock or (if a partnership) N/A per cent of partnership interests. 9. Remedies; Acceleration u on Default. In the event of any Event of Default, LENDER may dec arP ail indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable without any presentment, demand, protest or notice of any kind. Thereafter LENDER may: -4- u Aw L