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85-** 1049 -54
<br />(b) There has occurred a breach of or default under any
<br />-- :.term, covenant," agree, co±id2tii)n f. -. provi9iGiI 'rep re tat un -
<br />or warranty contained in this Geed of Trust, the rote or any
<br />other loan instrument secured hereby;
<br />(c) There has been a default by the Trustor, in the payment
<br />of any prior or subsequent line or encumbrance in respect to
<br />all or any part of the property;
<br />(c) Trustor shall file. a voluntary petition in bankruptcy
<br />fa. or shall make an assignment for the: benefit of creditors 'in re-
<br />spect to the property ;, or an action to enforce any lien or encinn-
<br />brance or judgments against the property is canw* sced.
<br />11. Acceleration goon Default. in the event df any default, Beneficiary may
<br />declare all indebtedness secured hereby to, be due' and payable, - and the sari .shall
<br />thereupon become due and payable without any presentiment, demanc., protest or notice
<br />of aoykind. Thereafter, Beneficiary may:
<br />(a) either in person:or by agent, -with or without bringing
<br />any action or proceeding, or by receiver appointed by a cart
<br />and without regard, to the adequacy of any security, enter upon
<br />and take possession of the property, ar any. part thereof;
<br />ri '
<br />its own name or in the smite, cf the Trustee; and do any ;acts Adhich
<br />it deems necessary and desirable to, preserve the value, noxket-
<br />ability or rentability of the property, or part. thereof or in
<br />therein, increase the income therefrom or protect the security
<br />hereof and, without taking possession of the property, sue for
<br />or otherwise collect the rents, issues and profits thereof, ist-
<br />cluding those past due and unpaid, and apply the same, less costs
<br />and expenses of operation and collection, xrcludiag a4tdrrey
<br />fees, upon any indebtedness secured hereby, all in such carder
<br />as Beneficiary may - determine The entering .upon and taking 'Pos-
<br />session of the trust estate, the collection of such rents, issues
<br />and profits and application thereof as aforesaid shall not' care
<br />or waive any default''er notice of default hereunder or invalidate
<br />any act and in response to such default or _pursuant to such notice
<br />of default and, notwithstanding the continuance rn possessi :
<br />of the property or the collection, receipt and application n
<br />-rents, issues or profits, -Trustee or 9eneficiary may to entitled
<br />to exercise' every right _provided- for Irt any of the s'pa'n instru-
<br />nents or by law upon occurence of any event of default, including
<br />the right to exercise the power of sale;
<br />(b) .commence an action to foreclose this Geed" of Trust
<br />as a mortgage, appoint a receiver, or specifically enforce any
<br />of the covenants' hereof;
<br />(c) deliver to Trustee a written declaration of default
<br />and demand for sale, and a written notice of default and election
<br />to cause Trustor's interest in the property . to be sold u�hd_-h
<br />notice Trustee shall cause to be duly filed for record in the
<br />official records of the county in which the piaper'r, is located.
<br />12. Foreclosure by Power of Sale. Shoul SeneTicizIry elect to fn —ec .cse oy
<br />exercise of the power of sale - herein cointlain -d., Ba nef?ciar sha` - t;.^�t.i °s "IUStee - and shall deposit with Trustee this weed of Trust and _, ,_
<br />_
<br />-y-
<br />rate and such receipts
<br />and evidence of expenditures made and secured heree rz T :�stee_ iikay _ eq e-,_ and
<br />upon request of the Beneficiary- thR Trustee sh r, � fti: rcl, Courity
<br />}
<br />where the property is located, a Notice default, setting fo,th }he�naime cf ttie
<br />Trustor, the Book and Page or Document . No. of this decd of 'rust as recorded in the
<br />County, the legal description of the above- described real3 estate and ttiat a breach
<br />of an obligation, for which said real estate ,aas conveyed as security, has occurred,
<br />and setting forth the nature of such breach an, the Trustee's election to still the.
<br />real estate to• satisfy the obligation and 5hal1 nail copies ,,f such notice in the
<br />manner prescribed by applicable iow to Trustor an,-.1 to oac:h ntf-er ,xe� sums, arc cFw to
<br />by applicable law. After the lap=s A such time as ma;r be required by app a iµ
<br />law, the Trustee Shall gi' +ve written notice of t c yjrn ar, «, `� C* ` cl F>' i- -
<br />sons and in the manner Prescribed by applicabi.e laaa, dew: <Y. rte, tte r. o;;t t4 t,. to
<br />sold by its legal ijesrripta n, said ntl:e alilta iU i iA €hi..,.,aed in k,
<br />general circulatioo in tare Country tu'hc --r _.7
<br />and in -ie fcishlon kc_C�;.I,i 's by "� ty ippli,4abi._ la; ; 3r-;! -
<br />p..�s:;ty at -tht a=imv an,,j
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<br />la 'a in r ! f P. t ;It ',:.h : 'r €: s : ; t 't L
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