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<br />85- 063119
<br />rents, issues and profits, or entering upon and
<br />taken possession of the Trust Estate, or the
<br />application thereof as described above, shall not
<br />cure or waive any default or notice of default
<br />hereunder or invalidate any act done in response
<br />to such default or pursuant to such notice of
<br />default.
<br />16. EVENTS OF DEFAULT. Any of the following events
<br />shall be aeeme an vent of Default under this Deed of
<br />Trust:
<br />(a) Debtor shall have failed to make payment of any
<br />installment of interest, principal, or principal
<br />and interest or any other sum secured by this Deed
<br />of Trust when due;
<br />(b) There has occurred a breach of or default under
<br />any term, covenant, agreement
<br />provision, representation or warranty containedoin
<br />any of the Loan Instruments; or
<br />(c) Trustor shall have sold, transferred, conveyed or
<br />assigned the Trust Estate or any part thereof or
<br />any interest therein, whether outright, by deed,
<br />land contract or cLcar*wise, without rile
<br />written consent of the Beneficiary. Trustor shall
<br />have the right to place junior liens or
<br />encumbrances on the Trust Estate, or any part
<br />thereof, upon written consent by Beneficiary,
<br />which consent shall not be unreasonably withheld.
<br />(d) Notwithstanding the foregoing, Beneficiary agrees
<br />to notify Trustor of any Event of Default, and
<br />agrees that it will not exercise its acceleration
<br />rijhts if such Event of Default is cured within
<br />Fi teen (15) days of the giving of such notice.
<br />17. ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES.
<br />Should an vent or a quit occur, enericiary may ec are
<br />all indebtedness secured hereby to be due and payable and
<br />the same shall thereupon become due and payable without any
<br />presentment, demand, protest or notice of any kind.
<br />Thereafter Beneficiary may:
<br />(a) Either in person or by agent, with or without
<br />bringing any action or proceeding, or by a
<br />receiver appointed by a Court and without by
<br />to the adequacy of its security, enter upon and
<br />take possession of the Trust Estate , or any part
<br />thereof, in its own name or in the name of
<br />Trustee, and do any acts which it deems necessary
<br />or desirable to preserve the value, marketability
<br />or rentability of the Trust Estate, or any part
<br />thereof or interest therein, increase the income
<br />therefrom or protect the security hereof and, with
<br />or without taking possession of the Trust. Estate,
<br />sue for or otherwise collect the rents, issues and
<br />Profits thereof, including those past due and
<br />unpaid, and apply the same, less costs and
<br />expenses of operation anc; collection, including
<br />attorney's fees, upon any indebtedness secured
<br />hereby, all in such order as Beneficiary may
<br />determine. The entering upon and taking
<br />Possession of the bust Estate, the collection of
<br />such rents, i -sages and profits and the application
<br />thereof as described shove, shall Not cure or
<br />waive ally default or notai,e ul default hereuâ–ºhuer
<br />or invalidate any act done in r.espunse to such
<br />f,..,7(,J -3J
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