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8. Protection of the Beneficiary's Security. If Trustor fails to perform the <br />covenants and agreements contained in this Deed of Trust or if any action or proceeding is <br />commenced which materially affects the Beneficiary's interest in the Security, including, but <br />not limited to, default under this Deed of Trust securing any senior lender, eminent domain, <br />insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or <br />decedent, then the Beneficiary, at the Beneficiary's option, upon notice to Trustor, may <br />make such appearances, disburse such sums and take such action as it determines necessary <br />to protect the Beneficiary's interest, including, but not limited to, disbursement of reasonable <br />attorneys' fees and entry upon the Security to make repairs. <br />Any amounts disbursed by the Beneficiary pursuant to this paragraph, with interest <br />thereon, will become an indebtedness of Trustor secured by this Deed of Trust. Unless <br />Trustor and the Beneficiary agree to other terms of payment, such amount will be payable <br />upon notice from the Beneficiary to Trustor requesting payment thereof, and will bear <br />interest from the date of disbursement at the rate payable from time to time on outstanding <br />principal under the Promissory Note unless payment of interest at such rate would be <br />contrary to applicable law, in which event such amounts will bear interest at the highest rate <br />permissible under applicable law. Nothing contained in this paragraph will require the <br />Beneficiary to insure any expense or take any action hereunder. <br />9. Inspection. The Beneficiary may make, or cause to be made, reasonable <br />entries upon and inspections of the Security during normal business hours; provided that the <br />Beneficiary will give Trustor reasonable notice of inspection. <br />10. Forbearance by the Beneficiary Not a Waiver. Any forbearance by the <br />Beneficiary in exercising any right or remedy will not be a waiver of the exercise of any <br />such right or remedy. The procurement of insurance or the payment of taxes or other liens <br />or charges by the Beneficiary will not be a waiver of the Beneficiary's right to accelerate the <br />maturity of the indebtedness secured by this Deed of Trust. <br />11. Remedies Cumulative. All remedies provided in this Deed of Trust are <br />distinct and cumulative to any other right or remedy under this Deed of Trust or any other <br />document, or afforded by law or equity, and may be exercised concurrently, independently <br />or successively. <br />12. Successors and Assigns Bound. The covenants and agreements herein <br />contained shall bind, and the rights hereunder shall inure to, the respective successors and <br />assigns of the Beneficiary and Trustor subj ect to the provisions of this Deed of Trust. <br />13. Joint and Several Liability. All covenants and agreements of Trustor shall be <br />joint and several. <br />14. Notice. Except for any notice required under applicable law to be given in <br />another manner, (a) any notice to Trustor provided for in this Deed of Trust will be given by <br />certified mail, return receipt requested, addressed to Trustor at ,and <br />(b) any notice to the Beneficiary will be given by certified mail, return receipt requested, to <br />the Beneficiary at 20 Civic Center Plaza, P.O. Box 1988, Santa Ana, California 92702, <br />Attention: CDA, or at such other address as the Beneficiary may designate by notice to <br />49 <br />80A-125 <br />