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Yr:.•i:i•,�.��y _�l.R,�c r_:.(_:f."Y=i.IJ._.:.�:..'1L.i..""'.lwa . __.. ..___...i.. �...��.._._�r.� YW�YI� . . . .._. _. . .__" � . � �r �Y�� • (b) Thore hias or.curretl a breach of or default under any �-F. f:erm� couenant� agroement. condition� pravisi�� roprc�sentation �.:: or warrar�ty con�ained i,n i:his Deed af Trust, the nnte or any —_ other loan instrument secured fioreby; (r,) 'fli�rc� I�a�� lu�i�ii ;i �h�f.uill I�y I.I:,� Trustnr in th� paymc:nt. uf' �ny prior ur subs�quenL li��e or encumbrance in respact to al�. ar eny part of the property; (c) Trustar shAll file e voluntary pe�ition in bankruptcy or shall make an essignmant for tlie benefit oF creditors in re- spect to the propertyj or an acti�n to enforce any lien or encum- brance or �udgments eqainst the property is commenced. u 11. Acceleration Upon qefault. In the event of any default� Benefi�iasy may declare ail indebtedness sscured hereby ta be due and payable. and the same shal.l thereupan become due and payable without any presentment, demand�proteat or notice _ oP any kind. Thereafter� Beneficiary may: (a) oithcr in person or by agentn ��i�th or without bring�ng � , any action or proceeding, or by rccoiver appointed by a ,ourt and withnut regard to thc� aciPqiiHr.y nf any sscurity� enter upon and tal<e possession of the properLy, ur a�y part thereof. in its rnan name or in the name of t.lw I rii�LQe. and do any acts whiGh i.t deems necessary and desirable to preserve �he �alue. market� ability or rentaailfty of the property, ox� part thereof or inter� est therein. increase �he income therefrom or protect the security hereof and. without teking possession of the property. sue for or otherwise collect the rents� issues and profits thereof� in- cluding those past due and unpaid� and apply the same� less costs ett�� cii�'i@i�3c$ t3� O�'.a:T.^..�f L`.^. 3i:'� CL'Z Znr f�nr2� i�,r 1�i�ii nn attorney , fees. upan any ind�btedness secuxed hereby. all in such order as Beneficiary may cletermine. The entering upon and tatci�g pos- session of the trust estate, �Iis cul.lection of such rents, xssues and profits and appli.cation f.hereof as aforesaxd shall not cure or waive any default or notic� of default hereunder or invelidate any act and in response to such default ar pursuant to such notice nF �it�Fault anr1. nnti�ii th��i.�in�lirn� I.lu� r.�mt.irw�nr.c� ir� (�ar,sessinn ut Llie property or Llitr uull��Liui�, receip�. a�id appliGatian ot' rents, issues ar profits, Trustee or 8eneficiary may be entitlec9 to exercise euery right provided for in any of the loan instru- mer�ts or by law upon occurence of any event of default, including the right to exerciso �he power of sal�; (b) commence an acti.on to fnreclose tl�is Deed of Trust - as a rnortc�ege� appoint a xeca:iver. or speciffcally• enforCe any of.the covenants hereof; (c} deliver to Trustee a written declaration of default and demand fnr sale, and a written noti�::e of dc��Fault and elect,iqro to caus� irustnr's interest in the property ?.o ae sold. which notice Trustee shall cause to be duly filed for record in the -_ afficial recoxds of the caunty in whzch the pronerty i� ,?��cated. 12. Foreclosuro by Power of Sale. Shoulrl f1��Pi.ciary elect ta, fc�;recZose by exr�rcise uF t.li� �i�aier nF s�lc� her�:in �:�n�l:iiiu��l, li��iu�f iciary sha11 nn�i�Fy 7t�asl.u�a and shall deposit wf th ��rustee this Uee�i ut� 1 rust �nd the not� and such receipts _= and evidence of expendit��sG�, inade arni :iE•CUl'L'll lu�ret�y u:s tru5�� may require, an�l upon request nf Clt� 8enerzci�+ry� the Trustee shall file for re�ord� in the �ounty where the pro��e.s1:f �.� locai:ed, a ��atice of default. s�fiting forth the nam� of the Trustor, the IIoofa ar�d Pag� or Dr�curn�nt No. of th S s D�e�2 �:6� Trust as recosdec! in the County. L'�i�? leg�l descri�tion of the aboue-ciescribed real estate and thaC a breach — of an ot�LigaLion. for which said real estate was conveyed as security. has occurred� — and settic�g forth the nature af such breach �nd the Trustee�s election to sell the _i_ �C ..M ..4: in 4Mn real estate to �atisfy the obligation anci si,aii mtlii LU�J1C� .,� ��..,. ^....-�- -•• -•-- manner �rescribe;� by applicable law to frustur �nd to such other persons prescribed . by applxcable law. After the lapse �f si:�h time as may be requtred by applicable law, the 7rustee shall giue written notice of the time and plece of sale to the per- - :,ors:: an� fr. tnn m?�nAr �rncrrihaii hy applica�le lew, describing the property to be — sold hy its legal description� said r►ntir.e al�;n t.a he published in a newspaper of = general circulation in the CounLy wh�r�ir� �ue.h E�ruNerty is located. a� ttie tirues -= and in the fashion required by applicablc law; arid the Trustee shall tlien 3e11 saicl = pr�perty at the time and place designated in the not{ce� in the manner pravided l�y -�" law in effect at the time of filing SaiiJ notice� at public auction tn the higliest ;� -3- .� '„n --