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<br />_ a i 9. �=V�NTS OF DE�UL•T. Any of the following events shall be eemed an event of
<br /> � default hereunder:
<br /> � a. Trustor shall have failed to make payrnent of any installment of interest,principal,or ,
<br /> �r� principal and interest or any c,ther sum secured hereby when due;or i _. -
<br /> �� b. There has accurred a breach of or default under any term,covenant,agreement,condition, , °
<br /> . provision,representation or wtirrranty contained in any of the Loan Instrwnents. `:
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<br /> � 10. AGGELFRATION L�ON DEFAULT A9DITIONAL R�MEDIF.S, Beneficiary shall - -
<br /> . �ive notice to Trustor prior to acceleration following Trustor's breach of any covenant or agreement
<br /> in this Deed of Trust unless applicable law provides otherwise. The notice shall specify: (a)the
<br /> j , default;(b)the action required to cure the default;(c)a date, not less than thirty(30)days from the �:-
<br />_ �: �date the notice is given to Trustor,by which the default must be cured;and(d)that failure to cure -
<br /> . �• the default on or before the date specified in the notice may result in acceleration of the sums secured
<br /> � � by this Deed of Trust and sale of the Property. The notice shall fvrther inform Trustor of the right
<br /> to reinstate after acceleration and the right to bring a Court action to assert the non-existence of a
<br /> „ Y� default or any other defense of Trustar to acceleradon and sale. If the default is not cured on or -
<br /> before the date specified in the norice,Beneficiary at its option may require immediate payment in -
<br /> � full of all sums secured by this Deed of Trust without further demand and may invoke the power of
<br /> � sale and any other remedies pemnitted by applicable law. Beneficiary shall be entitled to collect all
<br />_ expenses incurred in pursing the remedies pruvided in this paragraph,including,but not limited to, �
<br /> � , reasonable attorneys fees and costs of title evidence. Th.ereafter Beneficiary may:
<br /> - a. Either in person or by agent,with or without bringing any action or proceeding,ur�y a
<br /> ' receiver appointed by a Cowrt and without regazd to the adequacy of its security,enter upan and take
<br /> possession of the Trust Estate,or any part thereof,in its own name or in the name of Trustee,and
<br /> " � � do any acts wluch it deems necessary or desirable to preserve the value,marl�etability or rentability
<br /> . •, of tlie Trust Estate,or part thereof or interest therein,inerease the income therefrom ur protect the
<br />`�. ,.. , security hereof and,with or without taking passession of the Trust Estate,sue for or otherwise collect
<br /> l�, � :�•�• , the rents,issues and profits thereof,including those past due and unpaid,and apply the same,less —
<br /> " �: � costs and expenses of operation and collection including attorneys fees, upon Any indebtedness
<br />- ' ` secured hexeby, all in such order as Beneficiary may determine. The entering upon and taking
<br /> 3.�... : � possession nf the Trust Estate, the collection of such rents, issues and profits and the application
<br />;:�.,„ � ..� � � thereof as aforesaid,shall not cure or waive any default or notice of default hereunder or invalidate
<br />=,:���.:--• �� any aet done in response to such default or pursuant to such notice of default and, notwithstanding
<br />- , the continuance in possession of the Trust Estate or the collection,receipt and application of rent�, __
<br /> issues or profits,Trustee or Beneficiary shall be entitled to exercise every right provided for in any
<br /> - �• of the Loan Instruments or by law upon occurrence of any event of default,including the right to -
<br /> , ,; exercise the power of sale; -=-
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<br /> b. Commence an action to foreclose this Deed of Trust as a mortgage,appoint a receiver, :___
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<br /> `' "� or specifically enfo:ce any of the covenants hereof; F
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<br /> - ! c. Deliver to Trustee a written declaration of default and demand for sale,and a written =
<br /> � A notice of default and election ro cause Trustor's interest in the Trust Estate to be sold,which notice --
<br /> Trustee shall cause to duly filed for record in the appropriate of�icial records of the County in which � .
<br />- the Trust Estate is located.
<br /> 11. EORECLOSURE BY POWER OF SAI,E. Should Beneficiary elect to foreclose by
<br /> exercise of the Power of Sale herein contained, Beneficifuy shall notify Trustee and shall deposit
<br /> _� � with Trustee this Deed of Trust and the Note and such receipts and evidence of expenditures made �
<br /> and secured hereby as'Trustee rnay require.
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<br /> ! a. Upon receipt of such notice from Beneficiary, Trustee shall cau.se to be recorded,
<br /> published and delivercd to Trustor such Notice of Default and Notice of Sale as then required Uy law �
<br /> : and by this Deed of Trust. Tnistee shail,without demand on Trustor,after such time as may then �
<br /> _ � be required by law and after recordation of such Notice of Default and after Notice of Sale havin� I
<br /> ! been given as requircd by la«�,sell the'I'rust Estate at the time and place of sale fixed by it in such
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