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201201590 place of business or chief executive office if Grantor or Manager has more than one place of business. 6. Acceleratin� Transfers, Default and Remedies. 6.1 Acceleratin� Transfers. (a) "Accelerating Transfer" means any Transfer not expressly permitted under Article 12 of the Loan Agreement. (b) Grantor acknowledges that Beneficiary is making one or more advances under the Loan Agreement in reliance on the expertise, skill and experience of Grantor; thus, the Secured Obligations include material elements similar in nature to a personal service contract. In consideration of Beneficiary's reliance, Grantor agrees that Grantor shall not make any Accelerating Transfer, unless the transfer is preceded by Beneficiary's express written consent to the particular transaction and transferee. Beneficiary may withhold such consent in its sole discretion. If any Accelerating Transfer occurs, Beneficiary in its sole discretion may declare all of the Secured Obligations to be immediately due and payable, and Beneficiary may invoke any rights and remedies provided by Section 6.3 of this Deed of Trust. 6.2 Events of Default. Grantor will be in default under this Deed of Trust upon the occurrence of any one or more of the following events (some or all collectively, "Events of Default;" any one singly, an"Event of Default"). (a) Failure of Grantor (i) (x) to pay any of the principal or interest of the Loan within ten (10) days after the date when due or (y) to observe or perform any of the other covenants or conditions by Grantor to be performed under the terms of this Deed of Trust or any of the other Loan Documents concerning the payment of money for a period of ten (10) days after written notice from Beneficiary that the same is due and payable; or (ii) for a period of thirty (30) days after written notice from Beneficiary, to observe or perform any non-moneta.ry covenant or condition contained in this Deed of Trust or any of the other Loan Documents; provided that if any such failure concerning a non- monetary covenant or condition is susceptible to cure but cannot reasonably be cured withi� said thirty (30) day period, then Grantor shall have an additional sixty (60) day period to cure such failure and no Event of Default shall be deemed to exist hereunder so long as (x) Grantor commences such cure within the initial thirty (30) day period and diligently and in good faith pursues such cure to completion within such resulting ninety (90) da.y period from the date of Beneficiary's notice, and (y) the eaustence of such uncured default will not result in any tenant under a Lease having a right to terminate such Lease due to such uncured default; and provided further that if a different notice or grace period is specified under Article 14 of the Loan Agreement (or elsewhere in this Deed of Trust or the Loan Agreement) in which such particular breach will become an Event of Default, the specific provision shall control; or (b) An "Event of Default" occurs under the Loan Agreement or any other Loan Document. DEED OF TRUST — Page 12 #3982161