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20�oo�3so Beneficiary if exercise is prohibited by federal law as of the date of this Security Instrument. If Beneficiary exercises this option, Bene�ciary shall give Trustar natice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which the Trustor must pay all sums secured by this Security Instrument. If Trustar fails to pay these surns prior to the expiration of this period, Beneficiary may invoke any remedies permitted by this Security Instrutnent without further natice or demand on Trustor. l2, EVENTS OF DEFAULT. Any of the following events shall be deemed an event of default hereunder: a. Trustar shall have failed to make payment of any installment of interest, principal, or principal and interest or any other sum secured hereby when due; or b. There has occurred a breach of or default under any term, covenant, agreement, candition, provision, representation or warranty contained in atty of the Loan Instruments. 13. ACCELERATION; REMEDIES. Seneficiary shall give notice of default to Trustor prior to acceleration fallowing Trustor's breach of any covenant or agreennent in this Trust Deed. The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, nat less than 30 days from the date the notice is given to Trustor, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further infarm Trustor of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other defense of Trustor to acceleration and sale. If the default is not cured on or before the date speci�ed in the notice, Beneficiary at its option may require immediate payment in full of all surns secured by this Security Instx'ument without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Trustor shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 13, including, but not limited to, reasonable attorney's fees and costs of title evidence. If power of sale is invaked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Trustor and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public natice af sale to the persons and in the manner prescribed by applicable law. Trustee, withaut demand on Trustor, shall sell the Property at public auction to the highest bidder at the