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<br />(c} TRUSTOR shall file a voluntary petition in bankruptcy or
<br />shall be adjudicated a bankrupt or insolvent; or shall seek or
<br />consent to or acquiesce in the appointment of any trustee, receiver
<br />or liquidator of the TRUSTOR or of all or any part of the TRUST
<br />ESTATE; or shall make any general assignment for the benefit of
<br />creditors; or shall admit in writing its ability to pay its debts
<br />generally as they become due; or
<br />ld) A court of competent jurisdiction shall enter an order,
<br />judgment or decree approving a petition filed against the TRUSTOR
<br />seeking any reorganization, dissolution, adjudication bf bankruptcy
<br />or similar relief under any present or future federal, state or
<br />other statute, law or regulation relating to bankruptcy, insolvency
<br />or other relief for debtors;
<br />(e) A writ of execution, mechanic's lien, attachment or any
<br />similar process shall be entered against the TRUSTOR which shall
<br />become a Iien upon the TRUST,ESTATE or any portion thereof or
<br />interest therein and such execution, mechanic's lien, attachment or
<br />similar process of judgment is not released, bonded, satisfied,
<br />vacated or stayed within sixty {50) days after .its entry or levy;
<br />or
<br />(f) The premises, improvements, or personal property, or any
<br />part thereof are sold, conveyed, transferred, encumbered, or full
<br />possessory rights therein are transferred or encumbered, whether
<br />voluntarily or involuntarily or by operation of law without. the
<br />prior written consent of the BENEFICIARY. 'Phis latter provision
<br />shall apply to each and every sale, transfer, conveyance or encum-
<br />brance regardless of whether or not the BENEFICIARY has consented
<br />or waived its rights, whether by action or nonaction, in connection
<br />with any previous sale, transfer, conveyance, lease or encumbrance,
<br />whether one or more.
<br />13. ACCELERATION UPON BEFRULT, ADDITIONAL REMEDIES. Should an
<br />event of default occur, BENEFICIARY shall have the option to declare
<br />all indebtedness secured hereby to be due and oayable. If the
<br />BENEFICIARY elects to exercise this option, the.: BENEFICIARY shall
<br />deliver to the TAUSTOR written notice„„ in the manner provided
<br />herein, of the BENEFICIARY'S intent to so exercise this option. If
<br />the TRUSTOR fails to cure the event of default within five (S) days
<br />of the receipt of the notice, the entire remaining indebtedness,
<br />together with accrued interest thereon shall become immediately due
<br />and payable. Thereafter BENEFICIARY may:
<br />(i) Either in person or by agent, with or without bringing
<br />any action or proceeding, or by a receiver appointed by a court and
<br />without regard to the adequacy of .its security, enter upon and take
<br />possession of the `FAUST ESTATE, or any part thereof, in its own
<br />name ar in the name of TRUSTEE, and do any acts which it deems
<br />necessary or desirable to preserve the value, marketability or
<br />rental'iility of the TRUST ESTATE, or part thereof or interest there-
<br />in, increase the income therefrom or protect the security hereof
<br />and, with or without taking possession of the TRUST ESTATE, sue for
<br />er otherwise collect the rents, issues and profits thereof, includ-
<br />ing those past due and unpaid, and apply the same, less costs and
<br />expenses of operation and collection including attorneys' fees,
<br />upon any indebtedness secured hereby, all in such order as BENE-
<br />FICIARY may determine. The entering upon and taking possession of
<br />the TRUST ESTATE, the collection of such rents, issues and profits
<br />and the application thereof as aforesaid, shall not cure or waive
<br />any default or notice of default hereunder or invalidate any act
<br />done in response to such default or pursuant to such notice of
<br />default and, notwithstanding the: continuance in possession of the
<br />TRUST ESTATE or the collection, receipC and applic:akion of rents,
<br />issues or profits, TRUSTEE or °ENEFICIARY shall be enti,-_led to
<br />sxur~=;s~, ovsry ric}ht providncl fot' in any of khe t.uAN INS'PRUMk:N•PS or
<br />by law upon occurrence of any event of det.~ait., including t;he right
<br />to exercise tho power of sale;
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