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a�i=; • ,� .'^-r.�" � - - _= .. , • . - - ../+rr ' ., / + �� 1t1�)g39 ' �'=_ interest in Trustor is sold or transferred and Trustor is not a natural person) wrthout Beneficiary's � prior written consent,Beneficiary may,at its option, require immediate payment in full of all -` sums secured by this Security Instrument, however, this option shall not be exercised by _ Beneficiary if exercise is prohibited by federal law as of the date of this Security Instrument. If � � � � Beneficiary exercises this option,Beneficiary shall give Trus�or notice 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 the Securiry Instrument. If Trustor fails , to pay these sums prior to the expiration of this period, Beneticiary may invoke any remedies ` permitted by this Security Instrument without further notice or demand on Trustor. t 12. EVENTS C�F DEFALTLT. Any of the follawing evenu shall be deemed an event of default _ --- hereunder: �� ,- , (a) Trustor shall have failed to make gayment�f any installment of interest, principal,or � principal and interest or any other sum secured hereby when due;or nonpayment of real _ � estate taxes and insurance(if apprcpriate)when due, __ (b) There has occurred a breach of or default under any term,covenant,agreement,candition, = '' provision,representation or warranty contained in any of the Loan Instruments. �•-- ��--- � 13. ACCELER,ATION;REMEDIES. Beneficiary shall give notice of default to Trustor prior [':--� � to acceleration following Trustor's breach of any covenant or agreement in this Trust Deed. The ==-___ • notice shall specify: (a)the default; (b)the action required to cure the default; (c)a date,not less �y:� i 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 speci�ed in the notice may result in f��, �� , acceleration of the sums secured by this Security Instrument and sale of the Property. The notice ��, � � shall further inform Trustor of the right to reinstate after acceleration and the right to bring a ��p" _ � 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 sums secured by this Security Instrument. -= 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 cost of title evidence. �,��__ + If power of sale is invoked, Trustee shall record a notice of default in each couaty in which any ==m=-- �.4- �. .e� part of the Property is located and shall mail copies of such notice in the for,m required by ;�;;�_:__ applicable law. Trustee shall give public notice of sale to the persons and in the manner __ :� prescribed by applicable law. Trustee, without demand on Trustor, shall sell the Properry at `-------- . �� public auction to the highest bidder at the time and place and under the terms designated in the ��'�� notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone :;;�p, ;�:� � sale of all or any parcel of Property by public announcement at the time and place of any �'�'""`: � . � previously scheduled sale. Beneficiary or its designee may purchase the Property at any sale. � ; j Upon receipt of payment of the price bid,Trustee shall deliver to the purchaser Trustee's deed ��`,�. � conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the � truth of the statements made therein. Trustee shall apply the proGeeds of the sale in the following � order: (a)to all expenses of the sale,including,but not limited to,Trustee's fees as permitted by ; � � I ; � � ; � -` ` - .�1 _ ... _