Laserfiche WebLink
purchase option, as provided for in the Partnership Agreement; (iii) any transfer of the <br />Limited Partner's interest in connection with a default by the Limited Partner under and <br />in accordance with the Partnership Agreement; and (iv) any sale, transfer or other <br />disposition of an interest in a limited partner of the Trustor, provided that after any such <br />sale, transfer or other disposition an affiliate of Trustor remains the managing member or <br />general partner of such limited partner. <br />If the breach is not cured on or before the date specified in the notice or such longer <br />period as provided above or in the City Loan Note or the Agreement, the Beneficiary, at the <br />Beneficiary's option, may: (a) declare all of the sums secured by this City Deed of Trust to <br />be immediately due and payable without further demand and may invoke the power of sale <br />and any other remedies permitted by California law; (b) either in person or by agent, with or <br />without bringing any action or proceeding, or by a receiver appointed by a court, and <br />without regard to the adequacy of its security, enter upon the Security and take possession <br />thereof (or any part thereof) and of any of the Security, in its own name or in the name of the <br />Trustee, and do any acts which it deems necessary or desirable to preserve the value or <br />marketability of the Property, or part thereof or interest therein, increase the income <br />therefrom or protect the security thereof The entering upon and taking possession of the <br />Security shall not cure or waive any breach hereunder or invalidate any act done in response <br />to such breach and, notwithstanding the continuance in possession of the Security, the <br />Beneficiary shall be entitled to exercise every right provided for in this Deed of Trust, or by <br />law upon occurrence of any uncured breach, including the right to exercise the power of <br />sale; (c) commence an action to foreclose this Deed of Trust as a mortgage, appoint a <br />receiver, or specifically enforce any of the covenants hereof; (d) deliver to the Trustee a <br />written declaration of default and demand for sale, pursuant to the provisions for notice of <br />sale found at California Civil Code Sections 2924, et SeMC ., as amended from time to time; or <br />(e) exercise all other rights and remedies provided herein, in the instruments by which <br />Trustor acquires title to any Security, or in any other document or agreement now or <br />hereafter evidencing, creating or securing all or any portion of the obligations secured <br />hereby, or provided by law. <br />Notwithstanding anything to the contrary herein, Beneficiary hereby agrees that any <br />cure of any default made or tendered by Trustor's limited partner shall be deemed to be a <br />cure by Trustor and shall be accepted or rejected on the same basis as if made or tendered by <br />Trustor. <br />The Beneficiary shall be entitled to collect all reasonable costs and expenses <br />incurred in pursuing the remedies provided in this paragraph, including, but not limited to, <br />reasonable attorneys' fees. <br />19. Trustor's Right to Reinstate. Notwithstanding the Beneficiary's acceleration <br />of the sums secured by this City Deed of Trust, Trustor will have the right to have any <br />proceedings begun by the Beneficiary to enforce this City Deed of Trust discontinued at any <br />time prior to 5 days before sale of the Security pursuant to the power of sale contained in <br />this City Deed of Trust or at any time prior to entry of a judgment enforcing this City Deed <br />of Trust if: (a) Trustor pays the Beneficiary all sums which would be then due under this <br />6 <br />