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(a) Either in person or by agent, with or without bringing any action or <br />proceeding, or by a receiver appointed by a court, and without regard to the adequacy of its <br />security, enter upon the Security and take possession thereof (or any part thereof) and of any of <br />the Security, in its own name or in the name of Trustee, and do any acts which it reasonably <br />deems necessary to preserve the value or marketability of the Security, or part thereof or interest <br />therein, increase the income therefrom or protect the security thereof and, with or without taking <br />possession of the Security, sue for or otherwise collect the Rents, including those past due and <br />unpaid, and apply the same, less costs and expenses of operation and collection including <br />without limitation reasonable attorneys fees, against any indebtedness secured hereby, all in such <br />order as Beneficiary may determine. The entering upon and taking possession of the Security the <br />collection of such Rents and the application thereof as aforesaid shall not cure or waive any <br />Event of Default or notice of default hereunder or invalidate any act done in response to such <br />Event of Default or pursuant to such notice of default, and, notwithstanding the continuance in <br />possession of the Security, Beneficiary shall be entitled to exercise every right provided for in <br />this Deed of Trust, or by law upon occurrence of any Event of Default, including the right to <br />exercise the power of sale; <br />(b) Commence an action to foreclose this Deed of Trust as a mortgage, <br />appoint a receiver, or specifically enforce any of the covenants hereof; <br />(c) Deliver to Trustee a written declaration of default and demand for sale, <br />and a written notice of default and election to cause Trustor's interest in the Security to be sold, <br />which notice Trustee or Beneficiary shall cause to be duly filed for record in the Official Records <br />of Orange City; or <br />(d) Exercise all other rights and remedies provided herein, in the instruments <br />by which the Trustor acquires title to any Security, or in any other document or agreement now <br />or hereafter evidencing, creating or securing all or any portion of the Obligations secured hereby, <br />or provided by law. <br />7.4. Foreclosure by Power of Sale. <br />Should the Beneficiary elect to foreclose by exercise of the power of sale herein <br />contained, the Beneficiary shall notify Trustee and shall deposit with Trustee this Deed of Trust, <br />the Loan Agreement and the Note which is secured hereby (and the deposit of which shall be <br />deemed to constitute evidence that the unpaid Principal amount of the Note is immediately due <br />and payable), and such receipts and evidence of any expenditures made that are additionally <br />secured hereby as Trustee may require. <br />(a) Upon receipt of such notice from the Beneficiary ("Notice of Default"), <br />Trustee shall cause to be recorded, published and delivered to Trustor such Notice of Default and <br />election to sell as then required by law and by this Deed of Trust. Trustee shall, without demand <br />on Trustor, after lapse of such time as may then be required by law and after recordation of such <br />Notice of Default and after notice of sale having been given as required by law ("Notice of <br />Sale"), sell the Security, at the time and place of sale fixed by it in said Notice of Sale, whether <br />as a whole or in separate lots or parcels or items as Trustee shall deem expedient and in such <br />order as it may determine unless specified otherwise to the Trustor according to California Civil <br />25 <br />westview House <br />City Rental Rehabilitation Program Deed of Trust <br />