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86. 105249 furYner, this Trust weed may. at Lender s option, be declared :mmeatatety due and Payabe If i1) aorrower ;s a partnership and seas at assigns by any means whatsoever any partnership interest, or its if Borrower ±s a corpara^r;n and Borrower or its rent corporath-en sells or assigns by any -leans urtsatsoever -,- or -ore of the stoc+c of the corporation or parent corporation nt ;f said Borrower or its parent corporation merges in any form .vitfn anelter corporation or entity. or (3) if Borrower is a corporat -on arid there is a chance in the majority of he mern- bers of the Board of Directors of the Borrower or its parent corporation. or f4) if Borrower is a cotDara ion ar d ;here is a change in the person of Chief Executive Officer of said corporation or its Parent corporation. Senefic ar y shall have waived such option to accelerate if, prior to the safe, transfer or conveeyance, aenefae ar v and the person to whom the property is to be sold or transferred read agreement in writing that the credit of such person is satis- factory to Beneficiary and that the interest payable an vie surrs secured by this Trust Deed shalt be at such raze as Serefciary shall request 12 Acceleration upon Diefault; Remedies, Sale. Upon default by Tumor in the payment of or performance of the terms and conditions of the Note, or any renewals, modifications or extenswns thereof- or :he payment of any other indebtedness secured hereby or in the performance of any of the covenants or agreemerm hereunder, Beneficiary may declare ail sums secures heietsy crim-adiatefy due and payable and the same shall thereupon become due and Payable without presentment, demand, protest or notice of any kind. Thereafter, Beneficiary may deliver to Trustee a written declaration of defauft and demand for sale_ Trustee shall gave the power of sale of the Property and if Beneficiary decides the Propery, is to the sold it snail deposit with Trustee this Trust Deed and me tot=_ or notes and any other documents evidencing expenditures secured hereby, and shall deliver to Trustee a written no ce of defaurt and election to cause the Property to be sold. and Trustee, in turn, shall prepare a suni4r norxe =r t ^e form required by law, which shall be dt:iy f=und "or record by Trustee- (a) After the lapse of such time as may tie r =rtuar d try Fans foi cwv nc -he recordation of No-,ce of Default, and Notice of Default ern- Notice of Sale having been given as required by :awn, Trustee, without demand on Trustor, shah sell the Property in one or more Parcels and an such order as Trustee may determ"ne or; the date and at the time aria place designated in said Notice of Saie, at public - aucnon to the hn, --unt bidder. tre Purchase price payable in cash :n _ land) money of the United Stag at the time pf sale_ T the person con k-jeting icy sate rriav, for any cause rte or she deems eKoment, postpone the sale from time to time Un^i it sa`,d be completed acrd, in every such tee. notice of pomionernerlt snail be given by public a ration thereof by such person at the eras and Pty last appoint=ed for the swe, provnim p� the sale is postponed fix longer triarh one 11 } day beyond the :say ddesim.t in the Notiee of Sale, nonce thereof shall be given in the same manner as the or *girxm Notice of Sals. Trustee shaaii execute rind denser to the purcriaser is Deep conveytrsg the Property so sold, put without any covenant or wyananty= express, or implied. The recitals in the Dead of any matters or fa= shall be conizi usive oroad of the truthfulness thereof_ Any person, :emu nee without limitation Senefic:ary or Tree, may purchase at the sale. (b) When Trustee semis Pursuant to the powers herein, T use shall apply the proceeds of the sale to payment of lire costs arss expenses of exercising the power of sale and of the sale, including, without sanitation, the payment of Trwrzeeis Fees incurred, which Trusters Fees snail not in the aggregate exceed the sum of Five Hundred and NW100 (Sa'DO.DO) pros s;-2 of 1% of the amount secured hereby ah rematinrm- =.paid and then to tie items- set sc- ... in subpa�apn fcf hereof in the order -herei