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<br />200805005
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<br />spect to this Deed of Trust shall have occurred and be continuing, Beneficiary, as a matter of
<br />right and without notice to Trustor or anyone claiming under Trustor, and without regard to the
<br />value of the trust estate or the interest of the Trustor therein, shall have the right to apply to any
<br />court having jurisdiction to appoint a receiver of the property.
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<br />9. Inspections. Beneficiary, or its agents, representatives or workmen, are author-
<br />ized to enter at any reasonable time upon or in any part of the property for the purpose of
<br />inspecting the same and for the purpose of performing any of the acts it is authorized to perform
<br />under the terms of any loan instruments executed by Trustor.
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<br />10. Transfer of Propertv. If all or any part of the property or any interest of Trustor
<br />therein is sold, transferred or further encumbered without the express or written consent of Bene-
<br />ficiary, Beneficiary may, at its sole option, declare all sums secured by this Deed of Trust to be
<br />immediately due and payable and proceed to the remedies available to it under the default provi-
<br />sions contained herein.
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<br />11. Events of Default. Any of the following events shall be deemed an event of
<br />default hereunder:
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<br />(a) Trustor shall have failed to make payment or any
<br />installment of interest, principal or principal and interest or any
<br />other sums secured hereby when due;
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<br />(b) There has occurred a breach of or default under any
<br />term, covenant, agreement, condition, provision, representation or
<br />warranty contained in this Deed of Trust, the note or any other loan
<br />instrument secured hereby;
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<br />(c) There has been a default by the Trustor in the pay-
<br />ment of any prior or subsequent lien or encumbrance in respect to
<br />all or any part of the property;
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<br />(d) Trustor shall file a voluntary petition in bankruptcy
<br />or shall be adjudicated bankrupt or insolvent, or shall make an as-
<br />signment for the benefit of creditors in respect to the property; or
<br />an action to enforce any lien or encumbrance or judgments against
<br />the property is commenced.
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<br />12. Acceleration Upon Default. In the event of any default, Beneficiary may declare
<br />all indebtedness secured hereby to be due and payable, and the same shall thereupon become due
<br />and payable without any presentment, demand, protest or notice of any kind. Thereafter, Benefi-
<br />cIary may:
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<br />(a) either in person or by agent, with or without bringing
<br />any action or proceeding, or by receiver appointed by a court and
<br />without regard to the adequacy of any security, enter upon and take
<br />possession of the property, or any part thereof, in its own name or
<br />in the name of the Trustee, and do any acts which it deems neces-
<br />sary and desirable to preserve the value, marketability or rentabil-
<br />ity of the property, or part thereof or interest therein, increase the
<br />income therefrom or protect the security hereof, and, without tak-
<br />ing possession of the property, sue for or otherwise collect the
<br />rents, issues and profits thereof, including those past due and un-
<br />paid, and apply the same, less costs and expenses of operation and
<br />collection, including attorney fees, upon any indebtedness secured
<br />hereby, all in such order as Beneficiary may determine. The en-
<br />tering upon and taking possession of the trust estate, the collection
<br />of such rents, issues and profits and application thereof as afore-
<br />said shall not cure or waive any default or notice of default here-
<br />under or invalidate any act and in response to such default or
<br />pursuant to such notice of default and, notwithstanding the con-
<br />tinuance in possession of the property or the collection, receipt and
<br />application of rents, issues or profits, Trustee or Beneficiary may
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