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<br /> '- {c) Th��e �iae baec• a riofaul� by the "
<br /> Truetor in the payment af any pri.ar o.r eubee�
<br /> ' 'd� �• quent lien or enaumbranoe in reepeat to �11
<br /> ox any part of the pr.operty=
<br /> `� '��� (d) Trustor ehnll file a voluntary pe- : :
<br /> � ' t9.t�.on in banksupto�► or ehall bn ad judiaated
<br /> ,a� bankrupt or iasolven�, or ehall make en e�- .
<br /> sic�nment fo� th� benefit of oreditore in re-
<br /> - speat to the propertyt or an aation to en-
<br /> '` forae any li�n or encumbranCe or: �udg�eats
<br /> ; a�gainst tha prop�rty is aommenaAd. •����;
<br /> ,..�._
<br /> ��• 12. Aaceleration Upan Aefault. In the event of any de- :�y;,,:
<br /> � fault, Benefiaiary may deala�e all indebtedneee eecured hereby to � �-:�
<br /> :�;�.,: :� be due and payable, and thQ eame ehall thereupon beaome due and ^__
<br /> � payable withaut nny greeentm9nt, demand, protest or notice of any �;� r^
<br /> kind. Thereafter, Beneficia�y may: w��'`-
<br /> �ri
<br /> ,,:,�.;-
<br /> (a) either in perROn or by agent, with -_
<br /> � �� '� �� or without brir�ging any action or proceedinq, __=��'
<br /> :� .'j';; or bx receiver appoi�ted by a aourt and with- �,�
<br /> ., , �:.:�;,'; out regard to the adequacy of any security, �-.=°-�
<br /> J::
<br /> �:...
<br /> ' enter upon and take poesession of the prop- ��..
<br /> . .�,;, .. erty, or any part thereof, in its own naa�e ar �_._-
<br /> � � � � in the name of the Trustee, and dn enX acte _
<br /> . � '`�;�c;: which it deoma necessasy and desirable to -
<br />- ±�'.��`�_ �ro�a.�yq the value, marketability or rent- -_
<br /> - � • ,�:���"- art thereof or
<br /> ability of the property, or p
<br /> "�� � intereat therein, increase tho income there- --
<br /> =''�w�;;:_. ., f�am or proteat the eeaurity hereof, and,
<br /> =_.;:��,:�a . ' without taking poseession of the property,
<br />.?��:): � .' eue for or otherwise colleat the rente, t�-
<br />--�:;,���';y:.;�;� • euee and profi-te theresof, i�aluding those
<br /> ;_� past due a�ad unpsid, and apply the same, less
<br /> :f"'''''"''''�' coste and expenees of operation e�nd collea-
<br />+�::s..w,n,,
<br /> '�="`=.;... r• tion, incl�ading attorney fees. upon any in- _
<br /> '�'-�'" debtedness eecured hereby, al]. ia such order
<br /> � `'�`j��� deterau.ne. The enterir�g -
<br /> �'''�`�'�."�s: as Heneficiary may
<br /> : :;;;;�.�;� upon and takinq poeseBeian of the truet es- �
<br /> :��?�;� tate, �he collection of euch rente, issues ��,_
<br /> --°:�t�:,;;`r�. and profi�s and applicatlon thereof as afore- _
<br /> _�m�,��� eaid shall aat cure or waive any defauTt ox
<br /> ty T
<br /> Y.,;_��� notice of default hereundor or 3nva1 drate �my -
<br /> _ act and in re�ponee ta such default or pursu-
<br />°_��`��i ant to Buch notiae of default aad, notwith-
<br />==��::=�;�� standi.ng the cc�xtinuance i.n possoesion of the
<br /> ,.�,�.:;,°;'= property o� the collection, r�aefpt and ap- _
<br /> �"_'��:'� plication mg rents, �.esues or profite, True� _-
<br />___-_9=-<;��� tee or Beneficiary may ba entitled to exer-�
<br />--?�:;,� , � "' � � cise evory right provided for in any of the _
<br /> -=W-r�:i,
<br /> �:,:.�°�„±1�,�� � loan instrumente or by law upon occurrence o _
<br /> �,,,.,�
<br /> ;i:-.;�:t�1,+;.,; . any event of default, inaluding the riqht to _
<br /> - r ,,�'��'�'` exercise the powdr of salo;
<br />.:;r:'..::�;, ,
<br />;.;;,. � �r4t�;-�r ;
<br /> - ' � _ 'i'.,.�,•. c —_--_
<br /> �;; . ;.f�,.:i�; (b) commonce on aatiion to foreclose -�f'.
<br /> � ticiia Deed u� Truat ae a mortgage, appoint a
<br /> rf,;�
<br /> � receiver, or speaifically enforae any of tho ,,,��:
<br /> covenants hareof f �'�',".:
<br /> i � ,,-t.�;�
<br /> - !C�.
<br /> (c) deliver to Trustee a written decla- �-��
<br /> . •�_� rAtihft ot default and demand for sale, and a _'��•
<br /> - ...
<br /> _r - . : -----
<br /> . �� z I written n�atice of default and elect�.on co -
<br /> ` cause Truetor'o inter�et in the praperty to ,
<br /> :, be sold, which notice Tr�stee shall aause to
<br /> ! be duly filed for record in the offieia7. rec-
<br /> • � �' ords of the county i.n which the property ie -
<br /> ; locatied.
<br /> fi'
<br /> 13. ForQClosure hy Powez of 3aZe. Shnuld Heneficiary eleat �
<br /> to fa�ceclose by exerciee of the power of eale herein aontained,
<br /> • Beneficiary shall notify Trusteo and ahali depos3t with Trustee
<br /> - �� 4 � •
<br />.���—____.�1 ! .
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