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� DEED OF TRUST 2 p 12 0 3 2 a�
<br />Loan No: 101252176 (Continued) Page 6
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute an Event of Default under this Deed
<br />of Trust:
<br />Payment Defauk. Borrower fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Borrower or Trustor fails to comply with or to perform any other term, obligation, covenant or
<br />condition conteined in this Deed of Trust or in any of the Related Documents or to comply with or to perform eny
<br />term, obligation, covenant or condition contained in any other agreement between Lender and Borrower or Trustor.
<br />Compliance Default. Failure to comply with any other term, obligation, covenant or cond(tion contained in this
<br />Deed of Trust, the Note or in any of the Related Documents.
<br />Default on Other Peyments. 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 filing of or to effect discharge of any lien.
<br />False Statements. Any warrenty, representation or statement made or furnishad to Lender by Borrower or Trustor
<br />or on Borrower's or Trustor's behalf under this Deed of Trust or the Related Documents is false or misleading in
<br />eny material respect, either now or at the time made or furnished or becomes false or misleading at any time
<br />thereafter.
<br />Defective Collateralization. This Deed of Trust or eny of the Releted Documents ceases to be in full force end
<br />effect (including failure of any collaterel document to create a valid and perfected security interest or Iien) at any
<br />time and for any reason.
<br />Death or Insolvency. The death of Borrower or Trustor, the insolvency of Borrower or Trustor, the appointment of
<br />a receiver for any part of Barrower's or Trustor's property, any assignment for the benefit of creditors, any type of
<br />creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against
<br />Borrower or 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 Borrower or Trustor or by any
<br />governmental agency against eny property securing the Indebtedness. This includes a garnishment of any of
<br />Borrower's or Trustor's accounts, including deposit eccounts, with Lender. However, th(s Event of Defeult shall
<br />not epply if there is a good faith dispute by Borrower or Trustor as to the validity or reasonebleness of the cleim
<br />which is the basis of the creditor or forfeiture proceeding and it Borrower or Trustor gives Lender written notice of
<br />the creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture
<br />proceeding, in en amount determined by Lender, in its sole discretion, as being an adequate reserve or bond for the
<br />dispute.
<br />Breach of Other Agreement. Any breach by Borrower or Trustor under the terms of eny other agreement between
<br />Borrower or Trustor and Lender that is not remedied within any grace period provided therein, including without
<br />Iimitation any agreement concerning any indebtedness or other obligation of Borrower or Trustor to Lender,
<br />whether existing now or later.
<br />Events Affecting Guarantor. Any of the preceding events occurs with respect to any guerantor, endorser, surety,
<br />or accommodation party of any of the Indebtedness or any guarantor, endorser, surety, or eccommodation party
<br />dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the
<br />Indebtedness.
<br />Adverse Change. A materiai edverse change occurs in Borrower's or Trustor's financial conditfon, or Lender
<br />believes the prospect of payment or performance of the Indebtedness is impaired.
<br />Insecurity. Lender in good faith believes itself insecure.
<br />Right to Cure. If any default, other than a default in payment is curable and if Trustor has not been given e notice
<br />of a breach of the same provision of this Deed of Trust within the preceding twelve (12) months, it may be cured if
<br />Trustor, after Lender sends written notice to Borrower demanding cure of such default: 11) cures the default
<br />within fifteen (15) deys; or (2) if the cure requires more than fifteen (1 b) deys, immedietely initiates steps which
<br />Lender deems in Lender's sole discretion to be sufflcient to cure the default and thereafter continues end
<br />completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonebly 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 />Acceleretion Upon Default; Additional Remedies. If any Event of Default occurs es per the terms of the Note
<br />secured hereby, Lender may declare all Indebtedness secured by this Deed of Trust to be due and peyable end
<br />the same shall thereupon become due and payeble without any presentment, demand, protest or notice of any
<br />kind. Thereafter, Lender may:
<br />(al Either in person or by agent, with or without bringing any action or proceeding, or by a receiver
<br />appointed by a court and without regard to the adequacy of its security, enter upon end take possession
<br />of the Property, or any part thereof, in its own name or in the name of Trustee, end do eny acts which it
<br />deems necessery or desirable to preserve the value, marketability or rentability of the Property, or part of
<br />the Property or intarest in the Property; increase the income from the Property or protect the securfty of
<br />the Property; and, with or without taking possession of the Properry, sue for or otherwise collect the
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