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001699 and revenue therefrom shall be applied by such receiver according to law and the orders and directions of the court. The receiver so appointed by a court of competent jurisdiction shall be empowered to issue receiver's certificates for funds advanced by American for the purpose of operating the Property. The amounts evidenced by receiver's certificates shall bear interest at the default rate set forth in the Note and may be added to the cost of redemption in the event the owners of the Property, Grantor, or some junior lien holder redeems the foreclosure sale. 13. Grantor will not alienate, lease, or encumber any part of or interest in the Property without prior written consent of, American. In the event of change of ownership of the Property, the new owner shall assume the obligation secured by this Deed of Trust; however, in no event will any new owner be allowed to assume the Obligation without American's prior written consent and in no event shall Grantor be released from liability under this Deed of Trust or the Obligation. If an assumption is permi£ted by American, American may, without notice to the Grantor, extend the time of payment of the Obligation or of any part of the Obligation and may otherwise deal with any new owner of the Property with reference to this Deed of Trust and the Obligation in the same manner as with the Grantor, without in any way releasing Grantor from liability under this Deed of Trust or the Obligation. 14. Time is of the essence with respect to this Deed of Trust, and in the event of default by Grantor in the timely perfor- mance of any covenant or agreement contained in this Deed of Trust, American may declare, without notice, all sums secured by this Deed of Trust immediately due and payable and may commence foreclosure proceedings, as provided by law. 15. All notices under this Deed of Trust to the respective parties shall be in writing and shall be served by prepaid mail, or by personal delivery, addressed to the respective parties at the addresses set forth on the first page of this Deed of Trust, or at such other addresses as may be supplied in writing to all parties. Any such notice to American or Grantor shall be deemed to be given and effective five days after such notice has been deposited in the United States mail postage prepaid addressed as aforesaid, or when personally delivered to and received by the specified parties.. 16. In the event foreclosure is made by American, attorneys' fees in the amount determined by the court to be reason- able shall be imposed by the court as part of the costs in such fore- closure proceedings. 17. If the Obligation secured by this Deed of Trust is now or hereafter further secured by chattel mortgages, deeds of trust, pledges, contracts of guarantee, or other additional securities, -10- it