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�:�..: -- �' . .__.�-L. - - , _ �-r.,_ _ F �+lf±'--r- - � . •�r'� -az ' -.-m.::. . . �` ' r_._� _-- - -_ . • � ��• �b) Thar� has uc�ucr�� a Uroaclti oF or drfwlt und�r �ny t�r�, covRnant, apr«w�r�it. caxf�l�iwi� pravlstc��, r�pr��ntstia• o: �+:arranty ca�t�i�ud in tl�ts� Qaaui of Trwt. ths nnt• or any othar losr► i�strumant �ecura�l tuarebyc — (c) There has beer� a clefault by ttw Trustor in thsl paya�ent of a�y prior or subsequ�nt lii�e nr ancumhrac�� fn�. eos�:t tc� - all or any part of the propertyi • (c) Trustor shall file a uolu�tary patition in bat�{cruptcy or shall mafce an essi9nment For the benefit of cr�ditors in ro- spect to tiw Rrot�ertyi or an action to enforca eny lian or ancum- branc� OT �ud4�-��►ta aqainSt the pTapeTty 15 con�enced. 11. Ac_ celeratfo� ,�.�n Oefault. In the euent of any default� 8eneficiary may daclare all indebtedness secured hareby to be due and payable. and the same shall thereupon become d�e and payable wi.thout aeiy presentment. demend.protest or �otice of arsy ki�d. Thereafter, Be�eficiary may: (e) aither in person or by agent. With or Wit.�wut bringing any action or proceeditig, or by receiuer appofnted by a court �sic9 Without regard to the adequacy of any security. enter upor► a�9 te{ce possession of the property, or any part tFiereaf. i� its oWn naae or in the name of the Tr�stee. and da any acts Which it deems necessary and desfr�ble to preserve th� value. market- a�flity or r�entability of tlhe pe�rerty. or part �l�ereof or inter- ' est there#.n. inorease �tRie ir�aae therefraa or protect the security t�rr�of a�d. Without taki�g possessia� af the property. we for or other�uf� collect tha renPs� issue� c�nd proffts thereof. in- cludinq ttwsa past due and ur�afcf, arx� apPly the same. less costs . and expe�ses of operatf�on a�xf calb�ction, inoludfng ettorney , . - fees, upon any indebtedness securzd Piereby. all in such order aa 8eneficiary may determine. ?he en�ering upon and taki�9 P�- session of the trust estate. the collection of such re�ta, issuas ar�d orofits arxi aOPlication thereof as aforesafd shall �ot cure - � --- -� -��----or rralw .any defauZt or notice oF �da�ault-�her�.xuter-or im�ii�etia any act and i� response to such default or pursuant to wch notice of default and, not+rithstandin9 the caiti�wa��ce in possQSSion of ths property or the collectian� receipt and applicetfon of rents• issuos or proFits, Trustee or Be�eficiary a�sy be ent�tled to exdreisa every riqht provided for in any of th� loen i�stru- � ments or 6y lair upon occurence of any euent of dsfault, includinq the right to exercise the parer of sale; . � (b) co�ence an action to foreclose this Do�d of Trust as a �aort9aqe. appo�nt a receiuer. or specifically �fores any , of tfw covenar�ts hereof i • (c) deliver to Trustee a Writte� declaratio� af d�fault and da�ns��d for sale, and a Written no�ice of default and olection tn cause Trustor's interest in the prope�ty to be aold. which ncxtfce Trustee shall cause to be duly filed for record in the -- officisl records of.the county in Which the property is located. 12. Forecloaur� by Pa�er of Se�e. Should 8eneficiary elact to fnroclose by exercise of the po�r ot sele herein ccx�tained. 8eneficfasy �e21 rotify Trustoa and shall deposit With Trustee this Deed of Trust ar�d the note and six�h r�ceipts and evidenc$. of expenditures made and secured herebY as Trustee �aey requirs. arxl �sacs r�..t �f t.� �.^�fieiar;� tlie Trustee shal l fi.le for recnrd. in the County Where the property is located. a notice of defaeiJ.t, setting forth tlw nawe of the Trustor, the 800k and Page or pocument No. nf tt�fs Oeed of Trust as �ecorded in the County, th�� legal description af the above-described real estate and that a bresch of an obligation. for �hich said real estate mas conveyed as securi.ty. has occurred. and setting Parth the nature of such breach and the Trustee's electian to snll the real es�ato to seLf�fy the obligatio�, and shall mail copies of s�xh notice in the marmer prescribed by applicable laW to Trustor and to such other persons prescribed: by applicd�Ie lai,r. After ihe lapse of such time as may be requirQd by applicabie laW. the 'frustee shall give writter� notice oF ths tfaie arid place of sale to the per- s�ns ar�d in the �aaiu�er prescribed by applicable lair, descrfbing the property to be _. sold by its leQaZ �scription, said notice also to be published in a ne�spaper of = general cfrcuiation in the Co�nty Wherein such property is located. at tt�e times �- arrci fn th� fashion required by applicable laW; arui the Trustes shall then sell said '°. property at the time and place designated in the notice� in the aiarrc�er provided by _ law in effect at the ti.me of filing said r►otice, at publfc euctiort to the highest �y . _:� -3-