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<br />DEED OF TRUST
<br />Loan No: 101249944 (Continued) Page 6
<br />termination of any flnancing statement on Nle evidencing Lender's security interest in the Rents and the Personal
<br />Property. Any reconveyance fee required by law shall be paid by Trustor, if permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, et Lender's option, shall constitute an Event ot Defeult under this Deed
<br />of Trust:
<br />Paymerrt Default. Trustor fails to meke any peyment when due under the Indebtedness.
<br />Other Defauks. Trustor fails to comply with or to perform any other term, obligation, covenent or condition
<br />contained in this Deed of Trust or in eny of the Releted Documents or to comply with or to perform any term,
<br />obligation, covenent or condition contained in any other agreement between Lender and Trustor.
<br />Compliance Defeult. Feilure to comply with any other term, obligetion, covenant or condition contained in this
<br />Deed of Trust, the Note or in any of the Releted Documents.
<br />Default on Other Payments. Failure of Trustor within the time required by this Deed of Trust to make any payment
<br />for taxes or insurance, or any other peyment necessary to prevent fiUng of or to effect discharge of any lien.
<br />False Statemerrts. Any warranty, representation or stetement made or furnished to Lender by Trustor or on
<br />Trustor's behalf under this Deed of Trust or the Related Documents is false or misleading in any material respect,
<br />either now or at the time made or furnished or becomes false or misleading at any time thereafter.
<br />Defective Collateralization. This Deed of Trust or any of the Releted Documents ceases to be in full force end
<br />effect (including failure of any collateral document to create a va8d and perfected security interest or lien) et any
<br />time end for any reason.
<br />Insolvency. The dissolution or termination of the Trust, the insolvency of Trustor, the appointment of a receiver for
<br />any part of Trustor's property, any assignment for the benefit of creditors, any type of creditor workout, or the
<br />commencement of any proceeding under eny bankruptcy or insolvency tews by or agelnst Trustor.
<br />Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial
<br />proceeding, setf-hetp, repossession or any other method, by eny creditor of Trustor or by any governmental agency
<br />against any property securing the Indebtedness. This includes a garnishment of eny of Trustor's accounts,
<br />(ncluding deposit accounts, with Lender. However, this Event of Default shell not apply if there is a good feith
<br />dispute by Trustor as to the validity or reasonablenass of the claim which (s the besis of the creditor or forfeiture
<br />proceeding and if Trustor gives Lender written notice of the creditor or forfeiture proceeding and deposits with
<br />Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its
<br />sole discretion, as being an adequate reserve or bond for the dispute.
<br />Breach of Other Agreement. Any breach by Trustor under the terms of any othar agreement between Trustor end
<br />Lender that is not remedied within any grace period provided therein, including without limitation any agreement
<br />concerning any indebtedness or other obllgation of Trustor to Lender, whether existing now or leter.
<br />Events Affecting Guerantor. Any of the preceding events occurs with respect to any guarentor, endorser, surety,
<br />or accommodation perty of any of the Indebtedness or any guarantor, endorser, surety, or accommodaLion perry
<br />dies or becomes incompetent, or revokes or disputea the validity of, or liebility under, any Guerenty of the
<br />Indebtedness.
<br />Adverse Chenge. A material adverse change occurs in Trustor's financial condition, or Lender believes the
<br />prospect of payment or performance of the Indebtedneas is impaired.
<br />Insecurity. Lender in good faith believes itself insecure.
<br />Existing Indebtednesa. The payment of any installment of principel or any interest on the Existing Indebtedness is
<br />not made within the time required by the promissory note evidencing such indebtedness, or a defeult occurs under
<br />the instrument securing such indebtedness and is not cured during eny appltcable grece period in such instrument,
<br />or any suit or other action is commenced to forectose eny existing lien on the Property.
<br />R(ght to Cure. If any default, other than a defeult in payment is curable and if Trustor has not been given a notice
<br />of a breach of the same provision of this Deed of Trust within the preceding twelve 112) months, it may be cured if
<br />Trustor, after Lender sends written notice to Trustor demending cure of such default: (1) cures the default within
<br />fifteen (16) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender
<br />deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completea all
<br />reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Deed ot Trust, at any time thereafter,
<br />Trustee or Lender may exercise any one or more of the follow(ng rights end remedies:
<br />Acceleration Upon Default; Additional Remedies. If any Event of Default occurs as per the terms of the Note
<br />secured hereby, Lender may declare all Indebtedness secured by this Deed of Trust to be due end payable and
<br />the same shall thereupon become due and payable without any presentment, demand, protest or notice of eny
<br />kind. Thereafter, Lender mey:
<br />(a) Either in person or by egent, with or without bringing eny action or proceeding, or by a receiver
<br />eppointed by a court and without regard to the edequacy of its security, enter upon and take possession
<br />of the Properry, or any part thereof, in its own name or in the name of Trustee, and do any ects which it
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