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� � �, �� DEED OF TRUST
<br />Loan No: 101�253367 � � � (Continued) 2 012 0 4 2 6� Page 6
<br />perfect, continue, or preserve (1) Borrower's and Trustor's obligations under the Note, this Deed of Trust, and
<br />the Related Documents, and (2) the liens and security interests created by this Deed of Trust as first and prior
<br />liens on the Proparty, whether now owned or hereafter acquired by Trustor. Unless prohibited by law or Lender
<br />agrees to the contrary in writing, Trustor shell reimburse Lender for all costs and expenses incurred in connection
<br />with the matters referred to (n this paregraph.
<br />Attorney-in-Fact. If Trustor fails to do any of the things referred to in the preceding paregraph, Lender may do so
<br />for and in the name of Trustor and at Trustor's expense. For such purposes, Trustor hereby irrevocably eppoints
<br />Lender as Trustor's attorney-in-fact for the purpose of ineking, executing, delivering, filing, recording, and doing all
<br />other things as may be necessary or desirable, in Lender's sole opinion, to accomplish the matters referred to in
<br />the preceding paragraph.
<br />FULL PERFORMANCE. If Borrower and Trustor pay all the Indebtedness, including without limitation all future
<br />advances, when due, and Trustor otherwise performs all the obligations imposed upon Trustor under this Deed of Trust,
<br />Lender shall execute and deliver to Trustee a request for full reconveyance and shall execute and deliver to Trustor
<br />suitabie statements of termination of any financing statement on flle evidencing Lender's security interest in the Rents
<br />and the Personal Property. Any reconveyance fee required by law shall be paid by Trustor, if permitted by applicable
<br />law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shalt constitute an Event of Default under this Deed
<br />of Trust:
<br />Payment Default. Borrower fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Borrower or Trustor fails to comply with or to perform eny other term, obligation, covenant or
<br />condition conteined ln this Deed of Trust or in any of the Related Documents or to comply with or to pertorm any
<br />term, obligation, covenant or condition contained in any other egreement between Lender end Borrower or Trustor.
<br />Compliance Default. Failure to comply with any other term, obligation, covenent or condition contained in this
<br />Deed of Trust, the Note or in eny of the Related Documents.
<br />Default on Other Payments. Faflure of Trustor within the time required by this Deed of Trust to make any payment
<br />for taxes or insurance, or any other payment necessery 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 Borrower or Trustor
<br />or on Borrower's or Trustor's behalf under this Deed of Trust or the Related Documents is felse or misleading in
<br />any material respect, either now or at the time made or furnished or becomes felse or misleading at any time
<br />thereafter.
<br />Defecdve Collateralization. This Deed of Trust or any of the Related Documents ceases to be in full force and
<br />effect (including failure of any colleteral document to create a valid and perfected security interest or lien) 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 Borrower'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 lews 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 any property securing the Indebtedness. This includes e garnishment of any of
<br />Borrower's or Trustor's accounts, including deposit accounts, with Lender. However, this Event of Default shall
<br />not apply if there is a good feith dispute by Borrower or Trustor as to the validity or reasonableness of the cleim
<br />which is the basis of the creditor or forfeiture proceeding and if Borrower or Trustor g(ves Lender wr(tten notice of
<br />the creditor or forfeiture proceeding and deposits with Lender monies or e surety bond for the creditor or forfeiture
<br />proceeding, in an 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 any other agreement between
<br />Borrower or Trustor and Lender that is not remedied within eny grace period provided therein, including without
<br />limitation any agreement concerning any fndebtedness 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 guarantor, endorser, surety,
<br />or accommodation parry of any of the Indebtedness or eny guarantor, endorser, surety, or accommodation perty
<br />dies or becomes incompetent, or revokes or disputes the validity of, or liability under, eny Guaranty of the
<br />Indebtedness.
<br />Adverse Change. A material adverse change occurs in Borrower's or Trustor's financiel condition, 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 />Existing 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
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