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ness secured hereby, or in the performance of any agreement
<br />hereunder. If any event of default described hereafter in
<br />respect to this Deed of Trust shall have occurred and be
<br />continuing, Beneficiary, as a matter of right and without
<br />notice to Trustors or anyone claiming under Trustors, and
<br />without regard to the value of the trust estate or the
<br />interest of the Trustors therein, shall have the right to
<br />apply to any court having jurisdiction to appoint a receiver
<br />of the property.
<br />10. Transfer of Property. If all or any part of the
<br />property or any interest of Trustors therein is sold, trans-
<br />ferred or further encumbered without the express or written
<br />consent of Beneficiary, Beneficiary may, at its sole option,
<br />declare all sums secured by this Deed of Trust to be immediately
<br />due and payable and proceed to the remedies available to it
<br />under the default provisions contained herein.
<br />11. Events of Default. Any of the following events
<br />shall be deemed an event of default hereunder:
<br />(a) Trustors shall have failed to make payment of
<br />any installment of interest, principal or principal and
<br />interest or any other sums secured hereby when due;
<br />(b) There has occurred a breach of or default
<br />under any term, covenant, agreement, condition, provision,
<br />representation or warranty contained in this Deed of Trust,
<br />the note or any other loan instrument secured hereby;
<br />(c) There has been a default by the Trustors in
<br />the payment of any prior or subsequent lien or encumbrance
<br />in respect to all or any part of the property;
<br />(d) Trustors shall file a voluntary petition in
<br />bankruptcy or shall be adjudicated bankrupt or insolvent, or
<br />shall make an assignment for the benefit of creditors in
<br />respect to the property; or an action to enforce any lien or
<br />encumbrance or judgments against the property is commenced.
<br />12. Acceleration Upon Default. In the event of any
<br />default, Beneficiary may declare all indebtedness secured
<br />hereby to be due and payable, and the same shall thereupon
<br />become due and payable without any presentment, demand,
<br />protest or notice of any kind. Thereafter, Beneficiary may:
<br />(a) either in person or by agent, with or without
<br />bringing any action or proceeding, or by receiver appointed
<br />by a court and without regard to the adequacy of any security,
<br />enter upon and take possession of the property, or any part
<br />thereof, in its own name or in the name of the Trustee, and
<br />do any acts which it deems necessary and desirable to preserve
<br />the value, marketability or rentability of the property, or
<br />part thereof or interest therein, increase the income there-
<br />from or protect the security hereof and, without taking
<br />possession of the property, sue for or otherwise collect the
<br />rents, issues and profits thereof, including those past due
<br />and unpaid, and apply the same, less costs and expenses of
<br />operation and collection, including attorney fees, upon any
<br />indebtedness secured hereby, all in such order as Beneficiary
<br />may determine. The entering upon and taking possession of
<br />the trust estate, the collection of such rents, issues and
<br />profits and application thereof as aforesaid shall not cure
<br />or waive any default or notice of default hereunder or
<br />invalidate any act and in response to such default or pursuant
<br />to such notice of default and, notwithstandinq the continuance
<br />in possession of the property or the collection, receipt and
<br />application of rents, issues or profits, Trustee or Beneficiary
<br />may be entitled to exercise every right provided for in any
<br />of the loan instruments or by law upon occurrence of any
<br />went of default, including the right to exercise the power
<br />of sale;
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