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<br />84 - 002546
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<br />the same and for the purpose of performing any of the acts it is
<br />authorized to perform under the terms of any loan instruments
<br />executed by Trustor.
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<br />10. Transfer of property. If all or any part of ;.h~
<br />property or any interest of Trustor therein is sold, transfe:x:,r~a
<br />or further encumbered without the express or writtenconse:nt..o~,'
<br />Beneficiary, Beneficiary may, at its sole option " declare~,:l;:).
<br />sums secured by this Deed of Trust to be immediately due and pay"'"
<br />able and proceed to the remedies available to it underth~'
<br />default provisions contained herein.
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<br />11. Events of Default. Any of the fOllowing events shalel
<br />be deemed an event of default hereunder:
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<br />lal Trustor shall have failed to make
<br />payment of any installment of intel-est,
<br />principal Qr principal and interest or any
<br />other sums secured hereby when due;
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<br />(bl There has occurred a breach of or
<br />default under any term, covenant, agreement,
<br />condition, provision, representation or
<br />warranty contained in this Deed of Trust, the
<br />note or any other loan instrument secured
<br />hereby;
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<br />jc! There has been a default by the
<br />Trustor 1n the payment of an:' prior or subse-
<br />quent lien or encumbrance in respect to all
<br />or any part of the property;
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<br />fdl Trustor shall (d.e a voluntary
<br />p<1!tt.l. tion in bankruptcy or !iba 11 he adjudi-
<br />cated bankrupt or insolvent, or shall make an
<br />as.iq~nt for the ben~tit of creditors in
<br />respect to the pt'operty; or an action to
<br />enforce any lien or encumbrance or :judgments
<br />aqalost thf!' prop<:u"ty is comlllenced.
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<br />12~ ACC1:.~l.eI'a_ti()n UP;';'. ne:fa~~-t~ In the c'-/(;,;nt of any d~f-ault,
<br />Reneficiary may decl."re-a '" Tr;-,1e-o'tedness secur",d ht:reby to be due
<br />and payable, and the same shall thereuponloecome due and payable
<br />without dny presentment, demand, protest or notice of any kind.
<br />Thereafter, Beneficiary may:
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<br />{al elther 10 person or by agent, with
<br />or ...'ithout brinqin'j any actlon 01' proceeding,
<br />or by receiver appolnted by iJ. court and wit.h-
<br />out r~ard to the adequacy of any S"CU1- i t'l,
<br />enter upon clnd take possession of the prop-
<br />erty, Qr any part thereof, in its own natr~ or
<br />in the name 0 f t.he Trust,,,,,, and do any ac ls
<br />which it deems necessary and desirable to
<br />preserve t he va 1 ue f fl'<dI"ketdbi 1 it V or rent-
<br />ability of the property, or part thereof or
<br />interest therein, increase the lncome t,here-
<br />f rom or protect the se.cur i ty hereof and,
<br />without taking posl5ession of the prof'ert.y,
<br />sue for or othecw1.se collect the rent.s,
<br />issues and profits thereof, including those
<br />past due and unpaid, and ilDply the same. less
<br />costs and expenses of operation and collec-
<br />tion, including attorney fees, upon any
<br />indebtedness secured hereby, a It in such
<br />order as !lener lelary m.IY "'~ten\llne" The
<br />enter'inq upon and tdkinq p-ossessiun of the
<br />trust estate~ the cullection of such rcrlt8.
<br />i!ui,ues and p,rofits and application thereof as
<br />afores.,id j<;hall not cure or walve any default
<br />or notic.a of d(dault herOlunder or' invalidate
<br />any act and in response to such default o.
<br />pu~suant to such notiCe of default and, 110t-
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