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r 83~)o6537 7. Performance bv Beneficiary. Beneficiary may, but $"hall have no obligation to, do any act which Trustor has agreed but failed to do, and Beneficiary may also do any act it deems necessary to protect the lien hereof. Trustor agrees to repay, upon demand, any sums so expended by Beneficiary for the above purposes, and any sum so expended by Beneficiary. shall beadd$d to the indebtedness secured hereby and become secured by thellen hereof. Beneficiary shall not incur any personal liability because of anything it may do or omit to do hereunder. 8. Assiqnment of Rents. Beneficiary shalL have the right, power and authority during the continuance of this Deed of Trust to collect the rents, issues and profits of the property and of any personal property located thereon with or without taking possession of the property affected hereby, and Trustor hereby absolutely and unconditionally assigns all such rents, issues and profits to Beneficiary. Beneficiary, however, hereby consents to Trustor's collection and retention of such rents, issues and profits as they accrue and become payable, so long as Trustor is not, at such time, in default with respect to payment of any indebtedness secured hereby, or in the performance of any agree- ment hereunder. If any event of default described hereafter in respect to this Deed of Trust shall have occurred and be con- tinuing, Beneficiary, as a matter of right and without notice to Trustor or anyone claiming under Trustor, and without regard to the value of the trust estate or the interest of the Trustor therein, shall have the right to apply to any court having juris- diction to appoint a receiver of the property. 9. Transfer of Propert.v. If all or any part of the property or any ~nterest of Trustor therein is sold, transferred or further encumbered without the express or written consent of Beneficiary, Beneficiary may, at its sole option, declare all sums secured by this Deed of Trust ro be immediately due and pay- able and proceed to the remedies available to it under the default provisions contained herein. 10. Events of Default. Anv of the fallowing events shall be deemed an event of default hereunder: fal Trustor shall have failed to make payment of any installment of interest. principal or orincipal and interest or any other sums secured hereby when due; (b) There has occurred a breach of or default under any term, covenant, agreement, condition, provision, representation or warranty contained in this Deed of Trust, the note or any other loan instrument secured hereby; (c) There has been a default by the Trustor in the payment of any prior or subse- quent lien or encumbrance in respect to all or any part of the property; (d) Trustor shall file a voluntary petition in bankruptcy or shall be adjUdi- cated bankrupt or insolvent, or shall make an assignment for the benefit of creditors in respect to the property; or an action to enforce any lien or encumbrance or judgments against the property is commenced. 11. Acceleration Upon Default. In the eVent of any default, BenefiCiary may declare all indebtedness secured hereby to be dU9 and payable. and the same shall thereupon become due and payable without any preaentcment. demand, protest or notice of any kind. Thereafter, Beneficiary may: -3-