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<br />8. lNSPECTIONS. E3eneficiaries, or their agents, representatives or workrnen, are
<br />authorized �to enter at ar�y reasor�able time upc�n or in any p�rt of the Tr�ast Estate for ff�e
<br />purpase of inspecting the sarne and for the purpose c�f perforrr�ing any of the acts it is
<br />authorized to p�rform under the terrY�s of any of the Loan Instruments.
<br />9. EVENTS OF DEFAULT. Any of the following events shall be deemed an event
<br />af clefault hereund�r.
<br />(a) Trustors shall have fai(ed to make payment af any installme«t af interest,
<br />principal, or principal and ir�terest or any other suin sec�irec� hereby for a period of if�irty
<br />(30) days after the same becomes due; or,
<br />(b) There has occurred a breach or default under any terrn, covenant, agreement,
<br />condition, provisian, representation, or warranty contained in any of the Loan Instruments.
<br />10. ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES. Shoufd an
<br />event of ciefault occur; Beneficiaries rnay declare all iridebtedness secured hereby to be
<br />due and payable, and the sarne st�all thereupon k�ecome clue and payabfe wikF�aut any
<br />presentment, demand, protest, or notice oF any kind. Thereafter the Beneficiaries i7�ay:
<br />(a) Eikher in person or by agent, with or without bringing any action ar praceeding,
<br />or by a receiver appointed by a Court and witr�out regard to the adequacy of its security,
<br />enter upon and take possession of the Trust Estate, c�r any part thereof, in its own name
<br />or in the narne of Trustee, and do any acts which it c�eerns necessary or desirah�le to
<br />preserve the value, marketability or rentability of the Trust F_state, or part thereaf or
<br />interest therein, increase the incorne therefrom c�r �arr�tect the security hereof, ar�d with or
<br />without taking possessian af the �Trust Estate, si.ie for or otlierwise collect the rents,
<br />issues and profits thereof, including thase past d�ie and �.inpaid, anc� apply ti�e same, less
<br />costs and ex�enses c�f operation and collection, including attorney's fees, upon any
<br />inc�ebteclness secured herek�y, all in s��ir,h orcier as Beneficiaries rnay determine. The
<br />entering upon and taking passessior� of the Trust Estate, the callection of such rents,
<br />issues and profits and the application ti�ereof as aforesaid, shall not cure or waive any
<br />default or notice of default hereunder or invalidate any act done in respanse to such
<br />defaialt or pursuant to such ncatice c�f c�efault and, notwithstanding the continuance in
<br />�ossession of the �trust Estate ar the collection, receipt and application of rents, issues or
<br />pr�fiis, - I�rustee ar Beneficiaries shall k�e entitled ta exercise every right provided for in any
<br />of the L�an InstrurTients or by law �.i��c�r� oc;r.,t.irrer7ce of any ev�nt of default, incl�.iding the
<br />right to exercise the power of sale;
<br />(b) Commence an action to foreclose this D�ed of Trust as a mortgage, appoint a
<br />receiuer, ar specifically enforce any of the cavenants hereof;
<br />(c) Deliver to Trustee a written declaration of defiault and demand for safe, and a
<br />written notice af default and electi�ri to cause Trusturs interest in the Trust F_state to be
<br />sold, wl notice Trustee shall cause t� be c.luly filecl fior record in the appr�priate Official
<br />Records of the County in wi�ich the �Trust Estate is Ic�cated.
<br />11. FORECLOSURE BY PUWER f�F SAL�. Should Beneficiaries elect ta
<br />foreclose by exercise of the Power af Sale herein contained, �ieneficiaries sha(I notify
<br />Trustee and shall deposit with �Trustee this Deed of Trust and the Nate and such receipts
<br />and evictence of expenditures made and sscured I�er�k�y as Trustee rnay require.
<br />(a) UK�on receipt af such notice from Benefir,iaries, Trustee shall cause to be
<br />recc�r�ded, published and c�elivered t� suct� Notice af Defa�ilt and Notice of Sale as tf�en
<br />required by law and by this Deed of Tr�.ist. Tr�istee sl�iall WltrlULlt C�erTlatlC� Qll TfUStQCS,
<br />after such tir�ie as may then k�e requirecl by law �nd aftPr rec�r�iation af such Notice af
<br />Default and after Notice af Sale having been given as rsqi.iireci �y iaw, sell the T�rust
<br />Estafie at the time and place of sale fixed by it in sucf� Notice of Saie, either as a wt�ole, or
<br />in separate lots or parcels or items as Trustee shall deeri� expedient, and in such order as
<br />it may deterrnine, at public a�.iction fio the highest E�idder fc�r cash, in lawful money of the
<br />United States, payable at the tirT�e of sale. Trustee shall deliver to such purctiaser or
<br />purchasers thereof, its good and sufficient deed c�r� deeds, canveyin� the prc�perty so solci,
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