DOCUMENTS, WHETHER SIMULTANEOUSLY WITH FORECLOSURE
PROCEEDINGS OR IN ANY OTHER SEQUENCE.
A SEPARATE ACTION OR ACTIONS MAY BE
BROUGHT AND PROSECUTED AGAINST TRUSTOR PURSUANT TO SECTION 8.2 AND SECTION 8.3
WHETHER OR NOT ACTION IS BROUGHT AGAINST ANY OTHER PERSON OR WHETHER OR NOT ANY
OTHER PERSON IS JOINED IN THE ACTION OR ACTIONS.
SECTION 7.10.
RIGHT OF ENTRY.
UPON REASONABLE NOTICE TO TRUSTOR,
BENEFICIARY AND ITS AGENTS SHALL HAVE THE RIGHT TO ENTER AND INSPECT THE
PROPERTY AT ALL REASONABLE TIMES.
SECTION 7.11.
GENERAL AUTHORITY.
TRUSTOR HEREBY IRREVOCABLY APPOINTS
BENEFICIARY AND ANY OFFICER OR AGENT THEREOF AS ITS TRUE AND LAWFUL
ATTORNEY-IN-FACT, WITH FULL POWER OF SUBSTITUTION, IN THE NAME OF TRUSTOR,
BENEFICIARY OR OTHERWISE, FOR THE SOLE USE AND BENEFIT OF BENEFICIARY, BUT AT
TRUSTOR'S EXPENSE, TO THE EXTENT PERMITTED BY LAW, TO EXERCISE AT ANY TIME AND
FROM TIME TO TIME ALL OR ANY OF THE FOLLOWING POWERS WITH RESPECT TO ALL OR ANY
OF THE PROPERTY, ALL ACTS OF SUCH ATTORNEY BEING HEREBY RATIFIED AND CONFIRMED;
SUCH POWER, BEING COUPLED WITH AN INTEREST, IS IRREVOCABLE UNTIL THE OBLIGATIONS
(EXCLUDING CONTINGENT INDEMNIFICATION OBLIGATIONS) ARE PAID IN FULL:
(A)
TO EXERCISE AND PERFECT ANY AND ALL RIGHTS AND REMEDIES AVAILABLE
TO BENEFICIARY AT LAW OR IN EQUITY, INCLUDING WITHOUT LIMITATION, SUCH RIGHTS
AND REMEDIES AVAILABLE TO BENEFICIARY PURSUANT TO SECTION 5.1, SECTION 5.2 AND,
UPON THE OCCURRENCE OF AN EVENT OF DEFAULT, THIS ARTICLE VII;
(B)
TO TAKE ANY AND ALL APPROPRIATE ACTION AND TO EXECUTE ANY AND ALL
DOCUMENTS AND INSTRUMENTS WHICH MAY BE NECESSARY OR DESIRABLE TO CARRY OUT THE
TERMS OF THIS SECURITY INSTRUMENT;
(C)
TO RECEIVE, TAKE, ENDORSE, ASSIGN AND DELIVER ANY AND ALL CHECKS,
NOTES, DRAFTS, ACCEPTANCES, DOCUMENTS AND OTHER NEGOTIABLE AND NON-NEGOTIABLE
INSTRUMENTS TAKEN OR RECEIVED BY TRUSTOR AS, OR IN CONNECTION WITH, THE
PROPERTY;
(D)
UPON THE OCCURRENCE OF AN EVENT OF DEFAULT, TO COMMENCE, SETTLE,
COMPROMISE, COMPOUND, PROSECUTE, DEFEND OR ADJUST ANY CLAIM, SUIT, ACTION OR
PROCEEDING WITH RESPECT TO, OR IN CONNECTION WITH, THE PROPERTY;
(E)
UPON THE OCCURRENCE OF AN EVENT OF DEFAULT, TO SELL, TRANSFER,
ASSIGN OR OTHERWISE DEAL IN OR WITH THE PROPERTY OR THE PROCEEDS OR AVAILS
THEREOF, AS FULLY AND EFFECTUALLY AS IF BENEFICIARY WERE THE ABSOLUTE OWNER
THEREOF;
(F)
UPON THE OCCURRENCE OF AN EVENT OF DEFAULT, TO EXTEND THE TIME OF
PAYMENT OF ANY OR ALL OF THE PROPERTY AND TO MAKE ANY ALLOWANCE AND OTHER
ADJUSTMENTS WITH RESPECT THERETO; AND
19
(G)
TO DO, AT ITS OPTION, BUT AT THE EXPENSE OF TRUSTOR, AT ANY TIME
OR FROM TIME TO TIME, ALL ACTS AND THINGS WHICH BENEFICIARY REASONABLY DEEMS
NECESSARY TO PROTECT OR PRESERVE THE PROPERTY AND TO REALIZE UPON THE PROPERTY.
SECTION 7.12.
NEVADA FORECLOSURE.
THIS INSTRUMENT MAY BE FORECLOSED AS
TO THE PROPERTY IN ANY MANNER PERMITTED BY THE LAWS OF THE STATE OF NEVADA.
IN
ADDITION TO ANY OTHER RIGHT, WITH OR WITHOUT A FORECLOSURE, BENEFICIARY MAY
INSTITUTE A JUDICIAL ACTION FOR THE FORECLOSURE OR ENFORCEMENT OF