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20120225v
<br />DEED OF TRUST
<br />Loan No: 101251021 (Continued) Page 6
<br />other things as may be necessary or desirable, in Lender's sole opinion, to accomplish the metters referred to in
<br />the preceding paragraph.
<br />FULL PERFORMANCE. If Trustor peys all the Indebtedness when due, end otherwise performs all the obligatfons
<br />imposed upon Trustor under this Deed of Trust, Lender shall execute and deliver to Trustee a request for full
<br />reconveyence and shall execute end deliver to Trustor suitable statementa of termination of any flnencing atatement on
<br />file evidencing Lender's security interest in the Rents and the Personal Property. Any reconveyance fee required by law
<br />shall be paid by Trustor, if permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute en Event of Default under this Deed
<br />of Trust:
<br />Payment Default. Trustor fails to make eny payment when due under the Indebtedness.
<br />Other Defaults. Trustor fails to comply with or to perform any other term, obtigetion, covenent or condition
<br />contained in this Deed of Trust or in any of the Related Documents or to comply with or to perform any term,
<br />obligation, covenant or condition contained ln any other agreement between Lender and Trustor.
<br />Compliance Default. Failure to comply with any other term, obligatlon, covenant or condition conteined In this
<br />Deed of Trust, the Note or in any of the Related Documents.
<br />Defau(t 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 payment necessary to prevent filing of or to effect discharge of any lien.
<br />False Statements. Any warranty, representation or statement 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 eny time thereafter.
<br />Defective Collateralization. This Deed of Trust or any of the Related Documents ceases to be in full force and
<br />effect (including failure of any collateral document to create a valid and perfected security inte�est or lien) at any
<br />time and for eny reason.
<br />Death or Insolvency. The death of Trustor, the insolvency of Trustor, the appointment of a receiver for any part of
<br />Trustor's property, any assignment for the benefit of creditors, eny type of creditor workout, or the
<br />commencement of eny proceeding under any bankruptcy or insolvency laws by or against Trustor.
<br />Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial
<br />proceeding, self-help, repossession or any other method, by any creditor of Trustor or by any governmental egency
<br />ageinst any property securing the Indebtedness. This (ncludes a garn(shment of eny of Trustor's eccounts,
<br />including deposit accounts, with Lender. However, this Event of Default shall not apply if there is a good faith
<br />dispute by Trustor as to the validity or reasonableness of the cleim which is the basis of the creditor or forfeiture
<br />proceeding and if Trustor gives Lender written notice of the creditor or fo�feiture proceeding and deposits with
<br />Lender monies or e surety bond for the creditor or forfeiture proceeding, in an emount 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 other agreement between Trustor end
<br />Lender that is not remedied within any grece period provided therein, including without Umitation any agreement
<br />concerning any indebtedness or other obligation of Trustor to Lender, whether existing now or later.
<br />Even� Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety,
<br />or eccommodation party of eny of the Indebtedness or any guarantor, endorser, surety, or accommodetion party
<br />dies or becomes incompetent, or revokes or disputes the validity of, or liability 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 Indebtedness is impaired.
<br />Insecurity. Lender in good fa(th believes itself insecure.
<br />Existlng Indebtedness. The payment of any installment of principal or any interest on the Existing Indebtedness is
<br />not made within the time required by the promissory note evidencing such indebtedness, or a default occurs under
<br />the instrument securing such indebtedness and is not cured during any applicable grece period in such instrument,
<br />or any suit or other ection is commenced to foreclose eny existing lien on the Property.
<br />Right to Cure. If any default, other than a default in payment is curable and if Trustor has not been given a notice
<br />of a breach of the seme provision of this Deed of Trust within the preceding twelve (12) months, it mey be cured if
<br />Trustor, after Lender sends written notice to Trustor demanding cure of such default: (1) cures the default within
<br />fifteen (15) days; or (2) if the cure requirea more than fifteen (15) days, immediately initietes steps which Lender
<br />deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all
<br />reasonable and necessary steps sufficient to produce compliance as soon as reasonably practicel.
<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Deed of Trust, at any time thereafter,
<br />Trustee or Lender may exercise any one or more of the following rights and remedies:
<br />Acceleration Upon Defauk; Additionel Remedies. If any Event of Default occurs as per the terms of the IVote
<br />secured hereby, Lender may dectare all Indebtedness secured by this Deed of Trust to be due and payable and
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