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<br />� � � � DEED OF TRUST
<br />Loan No: 101251582 (COItt117ued) 2 012 0 3 4 0? Page 6
<br />Property. Any reconveyence fee required by law shall be peid by Trustor, if permitted by epplicable law.
<br />EVENTS OF DEFAULT. Eech of the following, at Lender's optlon, shall constitute an Event of Default under this Deed
<br />of Trust:
<br />Payment Default. Trustor feils to meke any payment when due under the Indebtedness.
<br />Other Defaults. Trustor fails to comply with or to perform eny other term, obligation, covenant or condition
<br />contained in this Deed of Trust or in eny of the Related Documents or to comply with or to perform any term,
<br />obligation, covenant or condition contained in eny other agreement between Lender and Trustor.
<br />Compliance Default. Feilure to comply with any other term, obligation, covenant or condition contained in this
<br />Deed of Trust, the Note or in any of the Related Documents.
<br />Default on Other Payments. Failure of Trustor within the time required by this Deed ot 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 werranty, representation or stetement made or furnished to Lender by Trustor or on
<br />Trustor's behalf under this Deed of Trust or the Releted Documents is felse or misleading in any meteriel respect,
<br />either now or at the time made or furnished or becomes false or mislead(ng at any time thereafter.
<br />Defective Collateralization. This Deed of Trust or any of the Related 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 eny reason.
<br />Death or Insolvency. The death of Trustar, the insolvency of Trustor, the appointment of a receiver for any part of
<br />Trustor's property, any assignment for the benefit ot creditors, any type of creditor workout, or the
<br />commencement of eny proceeding under any bankruptcy or insolvency laws by or egeinst 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 agency
<br />against eny property securing the Indebtedness. This includes e garnishment of any of Trustor's eccounts,
<br />including deposit eccounts, with Lender. However, this Event of Defeult shall not apply if there is e good faith
<br />dispute by Trustor as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture
<br />proceeding and if Trustor gives Lender written notice of the creditor or forfeiture proceeding end deposits with
<br />Lender monles or a surety bond for the creditor or forfeiture proceeding, in en 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 other agreement between Trustor and
<br />Lender that is not remedied within eny grace period provided therein, including without limitation any agreement
<br />concerning any indebtedness or other obUgation of Trustor to Lender, whether existing now or later.
<br />Everrts Affecting Guerarrtor. Any of the preceding events occurs with respect to any guarantor, endorser, surety,
<br />or accommodation perty of any of the Indebtedness or eny guarentor, endorser, surety, or accommodation parry
<br />dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Gueranty of the
<br />Indebtedness.
<br />Adverse Change. A material adverse change occurs In Trustor's financial condition, or Lender believes the
<br />prospect of peyment or performance of the Indebtedness is impaired.
<br />Insecurity. Lender in good faith believes itself insecure.
<br />Existing Indebtedness. The payment of any installment of principal or eny 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 appliceble grace period in such instrument,
<br />or any suit or other action is commenced to foreclose any existing lien on the Property,
<br />Right to Cure. If any default, other than a default in payment is cureble and if Trustor hes not been given e notice
<br />of a breach of the seme 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 Trustor demending cure of such default: (1) cures the default within
<br />fifteen (15) days; or (2) if the cure requires more than fifteen 115) days, immediately initiates steps which Lender
<br />deems in Lender's sole discretion to be sufficient to cure the default end thereafter continues and completes all
<br />reasonable end 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 of Trust, at any time thereafter,
<br />Trustee or Lender may exercise any one or more of the following rights and remedies:
<br />Acceleratlon Upon Defauk; 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 thla Deed of Trust to be due and payable and
<br />the same shall thereupon become due and payable without any presentment, demand, protest or notice of any
<br />kind. Thereafter, Lender may:
<br />(a) Either in person or by agent, with or without bringing eny action or proceeding, or by e recetver
<br />appolnted by a court and without regard to the adequacy of its security, enter upon and take possession
<br />of the Property, or any part thereof, in its own name or in the name of Trustee, end do any acts which it
<br />deems necessary or desirable to preserve the value, merketability or rentebility of the Property, or part of
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