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<br />..n <br />~4 ~- 000102 <br />! to collect the rents., issues and profits of the property and. of <br />r r any personal property located thereon with or without taking <br />t possession of the property affected- hereby, and: Trustor hereby. <br />! absolutely and unconditionally assigns all such rents,- issues.: and <br />t pro€its to Beneficiary. Beneficiary, however, .hereby consents to <br />Trustor's collection -and retention of such-rents, issues and° <br />profits as they accrue and become payable, so long as Trustor'is:- <br />not, at such time, in default with respect to payment of ariy <br />indebtedness secured hereby, or in the performance of any agree- <br />ment hereunder. If any event of default described hereafter is <br />respect to this Deed of Trust shall have occurred-and be con- <br />tinuing, Beneficiary, as a matter of right and without.ngticeto <br />Trustor or anyone claiming under Trustor, and without regard`ta <br />the value of the trust estate or the interest of the Trustor <br />therein, shall have the right to apply to any. court having juria- <br />diction to appoint a receiver of the property. <br />9. Transfer of Property. Zf 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 groceed to the remedies available to it under-the <br />default provisions contained herein. <br />I0. Events of Default. Any of the following events. shall <br />be deemed an event of de cult hereunder: <br />(a) Trustor shall have failed to make <br />payment of any installment of interest, <br />principal or principal and interest or any <br />other sums secured hereby cahen due; <br />(b) There has occurred a breach of or <br />default under any term, covenant, agreement, <br />condition, provision, representation ar <br />warranty contained in this Deed of Trust, the <br />Hate or any other loan instrument secured <br />hereby; <br />(c} There has been a default by the <br />Trustor in the payment of any prior or subse- <br />quent lien ar encumbrance in respect to all <br />or any part of the property; <br />(d} Trustor shall file a voluntary <br />getition in bankruptcy or shall be adjudi- <br />cated bankrupt or insolvent, or shall make an <br />assignment for the benefit of creditors in <br />respect to the property; or an action to <br />enforce any lien or encumbrance or judgments <br />against the property is commenced. <br />il. Acceleration U on Default. In the event of any default, <br />Beneficiary may eclare a 1 rode tedness secured hereby to be due <br />and payable, and the same shall thereupon become due and payable <br />without any presentment, demand, protest or notice of any kind. <br />Thereafter, Beneficiary may: <br />ta} either in person or by agent, with <br />or without bringing any action or proceeding, <br />or by receiver appointed by a court and with- <br />out regard to the adequacy of any security, <br />enter upop and take possession of the prop- <br />erty., ar any gait thereof, in its own name or <br />in the name of the Trustee, and do any acts <br />which it-deems necessary and desirable to <br />preserve the value, marketability or rent- <br />- ability of the. property, or part thereof or <br />intt~rest th+arein, increase .the income there- <br />from or protect the security hereof and, <br />without taking possession of the property, <br />.sue for or otherwise collect the rents, <br />_~_ <br />