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<br />84- 003484
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<br />9, Events of Default: Any of the following events shall be
<br />deemed an event of default:
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<br />A, Trustor shall have failed to make payment of
<br />any installment of interest. principal, or principal and interest,
<br />or any other sum secured when due; or
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<br />B, There has occurred a breach of, or defaulturider
<br />any term, covenant, agreement, condition,provision, representa..,.
<br />tion, or warranty in the Note or Deed of Trust.
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<br />10, Acceleration Upon Default, Additional Remedies:
<br />Should an event of default occur, Beneflclarles may declare
<br />all indebtedness secured hereby to be due and payable' and
<br />the same shall thereupon become due and payable withouta.ny
<br />presentment, demand, protest or notice of any kind, Therea.fter,
<br />Beneficiaries may:
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<br />A, Either in person or by agent, with or without
<br />bringing any action or proceeding, or by a receiver appointed
<br />by a Court and without regard to the adequacy of their security,
<br />enter upon and take possession of the Trust Estate,.orany
<br />part thereof, in their own name or in the name of the Trustee;;
<br />and do any acts which they deem necessary or desirable to
<br />preserve the value, marketabi"~y, or rentability of the Trust
<br />Estate, or part thereof, or ;. '..erest therein, increase the
<br />income therefrom or protect the security thereof and, with
<br />or without taking possession of the Trust Estate. suecfor
<br />or otherwise col' ect the rents, issues, and profits thereof,
<br />induding those past due and unpaid, and apply the same, less
<br />costs and expenses of operation and collection, including
<br />attorney's fees, upon any indebtedness secured.hereby, all
<br />in such order as Beneficiaries may determine; The efitering
<br />upon and taking possession of the Trust Estate, the collection
<br />of such rents, issues, and profits and the application thereof
<br />as aforesaid, shall not cure any act done in response to such
<br />default or pursuant to such notice of default and notwith~
<br />standing the continuance and possession of the Trust Estate
<br />or the collection, receipt and application of the rents, issues
<br />or profits, Trustee or Beneficiaries shall be entitled to
<br />exercise every right provided for in any of the Note and Deed
<br />of Trust or by law upon occurrence of any event of default,
<br />including the right to exercise the power of sale;
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<br />B. Commence an action to foreclose this Deed of
<br />Trust as a mortgage, appoint a receiver, or specifically enforce
<br />any of the covenants hereof;
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<br />C. Deliver to Trustee a written declaration of
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<br />and election to cause Trustor's interest in the Trust Estate
<br />to be sold, which notice Trustee shall cause to be duly filed
<br />for record in the appropriate official records of the County
<br />in which the Trust Estate is located,
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<br />11, Foreclosure by Power of Sale: Beneficiaries may
<br />elect to sell by power or sale all or a portion of the Trust
<br />Estate if Trustor defaults, If Beneficiaries elect to exercise
<br />the power of sale, Beneficiaries shall notify Trustee and
<br />shall deposit with Trustee this Deed of Trust, the Note, and
<br />such receipts and evidence of expenditures made and secured
<br />hereby as Trustee may require,
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<br />A, Upon receipt of such notice from Beneficiaries,
<br />Trustee shall cause to be recorded, published, and delivered
<br />to Trustee such notice of default and notice of sale as then
<br />required by law and this Deed of Trust, Trustee shall, without
<br />demand on Trustor, after such time as may then be required
<br />by law and after recordation of such notice of default and
<br />after notice of sale having been given as required by law,
<br />sell the Trust Estate at the time and place of sale fixed
<br />by him in such notice of sale, either as a whole or in separate
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