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<br /> (b) There has occurred a breach of or default under any
<br /> term� covenant, agreement� conciition� provision. representat�on
<br /> or werranty contained in this Deed of Trust, the note or any
<br /> other loan instrument secured hereby; .
<br /> (c) There has been a default by the Trustor in the payment �.:
<br /> � of any prior or subsequent line or encumbrance in respect to �,�
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<br /> �;� ; all or any part of the property i .
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<br /> (c) Trustor shall file a voluntary petition in bankruptcy '�:^
<br /> � or sha].J. mal<e an assignment for the benefit of crsditors in re- -�;�7='=
<br /> spect to the property; or an action to enforce any lien or encum- _:;;;�;_-�.
<br /> bran�e or ,judgments against the property is commenced. a'
<br /> �.=•,_-
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<br /> j 11. Acceleration Upon Oefault. In the event of any defauli:� Benef�ciary may �_.�__
<br /> • ss declare all indebtedness secured hereby to be due and payable� and the same shall �.,=_
<br /> ;� thereupon become due and payable w�thout any presentment, demand�protest or no�i.ce __-___
<br /> �� '� of any kind. Thereafter� Beneficiary roay: =�X�'
<br /> a ent with or without bringing �=�=-v.
<br /> (a) either in person ar by g � � ��
<br /> �. any action or �roceeding, or by receiver appointed by a court �n=7�.
<br /> �., '� and without regard to the adequacy of any security� enter upon ��y�, �
<br /> and take possession of the property. or any part thereof� in _ �==--
<br /> � its own name or in the name of the Trustee, and do any acts which
<br /> it deems necessary and desirable to preserue the val��e, market- �
<br /> ability or rentability of the property, or part thereof or inter- E'���
<br /> est therein, increase the income therefrom or protect the security -
<br /> �� hereof and, without taking possession of the property� sue for �
<br /> � � or otheTwise coiiec't 'tne renLS, iss�es ar�� ,�TO`=ts }h°rs^f: '-^' °
<br /> ' . cluding those past due and unpaid, and apply the same, less c�sts
<br />_,- ' end expenses of operation and collection, includi.ng ettorney
<br /> � � fees, upon any indebtedness secured hereby� all in such order
<br />_'�;:;-:�a.�•�. t as Beneficiary may determine. The entering upon and taking pos-
<br />`''�',��� " �• session of the trust estate� the collection of such rents. issues
<br /> � .n�,;. �
<br /> •�,=--�3y�� • and profits and application thereoi' as aforesaid shall not cure -
<br /> _ t. �tf
<br /> ;"_.��:; s'r� . or waive any default or notice of default hereunder or invalidate
<br /> �� � � ' any act and in response to such default or pursuant to such notice
<br /> ��4iiM:�.
<br /> w�3z"fi:;.�•� of default and, notwithstanding the continuance in possession
<br /> �,:,�t�r�:.-•: -:
<br />-~;:�3�.TY__ of the praperty or the collection, re��ipt and application of
<br /> � ���� rents, issues or profits� Trustee or Beneficiary may be entitled _
<br /> �-�""��� to exercise every right provided for in any of the loan instru-
<br /> _.::�:,,-.-�rs
<br /> - ments or by law uQon occurence of any event of default, includ ng
<br /> ,�� the right to exercise the power of sale:
<br /> `•�,�-_.�_Z.,�__.� (b) commence an action to foreclose this Deed of Trust
<br /> ��L"�-� as a mortgage, appoint a receiver., or spe�ifically enfarce any __ _
<br /> —--==-� of the covenants hereof;
<br /> _ .-:��,:.�
<br /> "-�"` "�--v� (c) deliver to Trustee a wri.tten declaration of default -
<br /> _:�ee�
<br /> ����-r�>;� and dem�nd for sale� and a written notice of default and e].ection �-.-
<br /> "�"'°;=� to cause Tru�tor�s interest in the prop�rty to ba sold. which
<br /> ��="�Yt.:=�7F notice Tz�ustee shall cause to be duly filed for record in the
<br /> --'`k''•�'=`�=�' official records of the county in which the property is located. _
<br /> �:��:,���j� -
<br /> • 12. Foreclosure by Power of Sale. Should Ben�ficiary el.ect to foreclose by =
<br /> � exercise of the power of sale herein contained, Benefi.ciary shall notify Trustee �- �
<br /> and shall deposit with Trustee this Deed of Trust and the note and such receipts ---
<br /> �� and vvidence of expenditures made and secured hereby as Trustee may require. and ��:=--
<br /> � �. .
<br /> upon request of the Beneficiary. the Trustee shall file for record, in the County ��
<br /> , s. �.`�;:
<br /> � where the proparty is located� a notice of default, setting forth the name of the
<br /> .;.�. � Trustor, the Book and Page nr pocument No. of this Deed of Trust as recorded in the _°
<br /> _��' ,,.-_,_ Cnuntv. the leoal description of the above-described real estate and that a breach `�
<br /> ,
<br /> � ' ;.�1 of an obligation, for which said real estate was conveyed as securiiy� nas o�curreu� -
<br /> and setting forth the nature of such breach and the Trustee's election to sell the
<br /> • real estate to satisfy the obligation and shall maiJ. copies of such notice in the
<br /> � manner prescribed by applicable law to Trustor and tv such other persons pres�ribed
<br /> by epplicable law. Af�er the lapse of such time as may be required by appli�able
<br /> � ' law, the Trustee sha.11 give written notice of the tim� and place of sale to the per-
<br /> sons and in the manner pres�ribed by applicable law. describing the property to be
<br /> � � � s�ld by its legal description� said natic� also to he published in a newspaper of
<br /> ' general cir�ulation tn the County wherein such property is located. at the times
<br /> and in the fashion required by applicable law; and the Trustee shall then sell aaid
<br />- nroperty at the time and place designated in the notice� in the manner provided by
<br /> �� law in effect at the time of filing said noti��, at publi� auction to the highest
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