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Er
<br />85- 005860
<br />4. Transfer. of Property. If all or any part of the
<br />property or any interest of Trustor therein is sold, transferred
<br />or further encumbered without the express or written consent of
<br />Beneficiary, Beneficiary may, at its sole option, declare all
<br />sums secured by this Deed of Trust to be immediately due and pay-
<br />able and proceed to the remedies available to it under the
<br />default provisions contained herein.
<br />10. Events of Default. Anv of the following events shall
<br />be deemed an event of default hera ender:
<br />(a) Trustor shall have failed to make
<br />oavmer.t of anv installment o` interest,
<br />principal or principal and interest or any
<br />other sums secured hereby when due;
<br />(b) `.here has occurred a breach of or
<br />do-fault under any term, covenant, agreement,
<br />cDn.dition, Provision, representation or
<br />warranty contained in this Deed of Trust, the
<br />note or any other loan! instrument secured
<br />hereb-;
<br />'c) There has h-een a def—a-,;1t by th4
<br />Trustor in the payment of any prior. o sub�'e-
<br />cruent lien or encun;brance in r^.=,pect to al'.
<br />or any cart of the property;
<br />(r_) Trustor shall -._l.e a volunt=,v
<br />petition in bankruptcy or shall be ._.d _4udi-
<br />cated bankrupt or :insolvent, or sha2.l :`lake an
<br />assignment for the benr'1 =4 O'. credito_ss _..
<br />respect to the property; or an a.tion to
<br />enforce anv lien nr encum.brnnce or
<br />a aaln`_'t the property 1 ^.omum need.
<br />'_1. Acceleration tUpc—: l5ef,'S111t. in the =ent of any Cr•fau'_t,
<br />Renef 4 ciary may declare all indebtedness securec'. .- erP_hy to "(I Cti'_1>
<br />and payable, and the cane shall .he: e po ^: b�corie due anr'. payable
<br />without ant., prCsentment, (R Rand, prc;test or net. cC % of ally
<br />Thereafter, Peneficiary may-
<br />(7i) either ?_r, person or ar -ent, :vith
<br />cr wlthnut bring3.:)c, en _• ar'tion or 'roceedinQ,
<br />or by - ecelve.' b'y' :. court and with-
<br />out regard to t'u� �decn :acy o, any seeur4
<br />enter upon -�na take, posseF• ;ion of the prop-
<br />erty, O:'_' any part ,.ilerecf, , in its own name - er
<br />in the name of th, ^ru ", anti r, any ac s
<br />a,,hich �t deems neceSsar\ ar.,r ._
<br />�lec_able to
<br />presor-,rC' the ',vilue, or rent
<br />abi llty of the nrr7perty, or i?:'r _I :ercn_ .7 Cr
<br />inte -rest thereain, i.ncreasr> I -Ann, income tTerc-
<br />fr.om or protect the ho-re-of
<br />•,., thout tak ..nc possession of -,.he prn-,- -Arty,
<br />sue for or otherwirr -ol' ect the rctlt s .
<br />issues and profits thereof, i n.r.l.u.c?i nq tl;ose
<br />past clue znrl unpaic +',, an:7 aapT•. `he sa :r.c,
<br />costs and ey.penrF.`? e)f operation ar(41
<br />t:ion, including attnrnev fns :: , upon; riny
<br />i.ndebtedness secured hryrchv, ] , n such
<br />order as Renef i c-iary may '.ct:c rmi ncs, the
<br />enter .nq upon and takinq pr)sse :, ;ion o} he
<br />trUst estate, the rellt'.ri ,
<br />S. :SRII('' aI;d pr( tl 1. r; 1nc7 .9pT. 1 5 i clt l On ttli- rrC'" -t•
<br />afclresait9 shall not : Urr, oI wili" n �.UII-
<br />or nc "t :ice of de: quit hornk nrlor r,r iwja'_ tic
<br />-irry ar..t ;srsd .n , r -� l�;,r>nse `o s;uc 1 � ,1c-•" :,ult- ^,T
<br />T�ttr'SUanf !w(-,, not , r•[y o'� di . ,'171l .,nr„ _
<br />Ldi nn,' _ C'OI"t ltl L]3:1 C'n I1'' Y>r "•- "- :"`;, -1
<br />f;i'� Ii T'c,l.); ,. i.., ,..,. fit. -• r'r - ' t t r', ,_. >- ;.,.-r t ,..,, ,
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