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<br /> <br />I <br /> <br />83_ u(.l6756 <br /> <br />9. Transfer of Property. If a 11 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 />Reneficiary, Beneficiary may, at its sole option, declare all <br />sums secured by this Deed of Trust to be immediately due and pay- <br />ah1e and p:-oceed to the remedies available to it under the <br />default provisions contained herein. <br /> <br />10. Events of Default. Any of the following events shall <br />be deemed an event of default hereunder: <br /> <br />(a) Trustor shall have failed to make <br />oavrnent of any installment of interest,. <br />~rincipal or ~rincipal and interest or any <br />other sums secured he reby when clue; <br /> <br />(b) There has ocrllrred a breach of or <br />default unoer anv term, covenant, aar'2'p.ment, <br />condition, provision, represrntntion or <br />warranty cont~ined in this Deed of Trllst, the <br />note or any other loan instrument secured <br />hereh'/ ; <br /> <br />(e) There ha" heen i1 defilult by the <br />Trust()r in the pRvment of any l)rior or subse- <br />quent lien 0r encumbrance i.n respect to all <br />or any part of the property; <br /> <br />(d) Trustor sh.:111 file ,.. volunta.ry <br />petition in bankruptcy or shall be adiudi- <br />catpd bankrupt or insolvent. or shall make an <br />assignment for the benefit ()f creditors in <br />respect t_o thfJ prnpf"!'rty; or an acti0D to <br />enforce any lien ()T encumhrnnce 0r iudqments <br />aot1ir.st the property i~:; c(.Jmmenced~ <br /> <br />11. Acceleration Upon nefault. In the event of any default, <br />Reneficiary may ceclare all indebtedness secured hereby to be due <br />and payable, and the same shall thereupon he come due and payable <br />without any presentment, rl0mand, pyntest or llc)tice of any kind. <br />Thereafter, Beneficiary may: <br /> <br />(a) 0ither ifl person or by agent, with <br />Dr withnut })r~nginq any action or proceeding I <br />or by receiver nppointed by a court and with- <br />0llt regard to the ~dequ~ry of any security, <br />enter upon and take possession 0 f the prop- <br />erty, or any part thereof, ill its own name or <br />in the name of the Trustee, and do any acts <br />which it deems necessary Bnd desirable to <br />preserve the value, mark"tabi 1 ity or rent- <br />abilitv of the property, or par~ thereof or <br />interest therein, increase thf' income t.here- <br />from or protect the s'ocuri ty hereof and, <br />,~ithout takinC)' p0ssession of t.he property, <br />sue for or otherwi!"(' collect the rents, <br />iSSt~f>s and profits thereof, including those <br />past du~ and unpaid, and apply the samel less <br />costs and C3xpenses of operation nnd colle(~- <br />tion, including at:torney f('es, upon ilflY <br />indebtedness secured here!)v, all in such <br />order as Benefi("iary May detf:rrnine.. The <br />enterinq upon and ~aking p05sessj~on of the <br />t.rust t~$t.ate, the col.} pet ion n7" :;uch rents, <br />issues and profits and application thereof as <br />aforesaid shall not cure or waive any default <br />or notice of default hereunder or invalidate <br />any act nnd in response to such default or <br />pursuant to such notice of d€;~:"flUlt ilnrl, not- <br />Withstanding the (.Continuance in possession of <br />the property or the collection, Y"{,ce i.pt ilnd <br />application of rent~5t iSS\.10S ;'H: profIts! <br />~ru~tf,'H_~ or Bene'ficil\rv ffiav be t::-nt'i,tl(!d t.o <br />~xeri~.j ~e f~VQt'y ri,qht ~}rQvi'{h.~~~ f'nr in 2tpv <br />