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<br /> � applicable law, such conflict sh�ll not affect other provisions of this Deed oP Trust which I;T::
<br /> �"'�D'�"'� can be given effect without the conflicti�ig p►ovisians and w thi� aa�t U►a �rovisions of thi� �:;::'`
<br /> ' .•��.•,��:w� _
<br /> • Deed of Trust are declaeed to t�e severable. In the event that any applicable law in effect
<br /> � on the dat� of t��e execution ol� this Deed of Trust limits the amount of interest or other ,-�
<br /> ; items which may be lawfully ch.ar�ed and is interpreted in a ma�er such that any payment F"_
<br /> � provided for in� this Deed of Tnist or in the Note (whether considered separately ar i=
<br /> E_=
<br /> together with other payments that are considered a part of this Deed of Trust and this _
<br /> �� transaction) violates such law, such pzy�nent is hereby reduced to the extent necessary to F_
<br /> � elimenate such violation if the Trustor is entitled to the benefit of such law. �
<br /> � 25.Events of DePault. Each of the following occurrences shall constitute an event of d�fault =
<br /> hereunder. (hereinafter an "Evemt of Default"): _
<br /> . , (a) Any amount payable unrler the Obligations secured by this Deed of Trust is nat paid
<br /> � , when due,after giving effect to any applicable grace period therein,
<br /> , . .�. �;:
<br /> .�, �;,;:, -
<br /> ��°��•"�i�• � ' (b)Trustor fails to observe or perform any of the covenants, agreements, or conditians in __
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<br /> �9nes Deed of Trust,
<br /> a,�,`��,, ,t;— -
<br /> .�.�,.,:,, (c) Any representation or wananty including, but not limited to, any wananty of title
<br /> i��;r:;;',t?�: . ,.
<br /> „r...;..;,. . , made by Tn+stor in this Deed of Trust or otherwise made or furnished to Beneficiary
<br />=�'s'``%" �r��� • by or vn be�alf of Trustor is false or materially misleading,
<br />�;��`�.:.: .
<br /> �..tim5 � t
<br />�h��'�`�:�` (d) 7'rustor fails to perform or observe any of the covenants, conditions or agreements
<br /> ''z!"�.;8" ,
<br />��,:;.�,:.J���� contained in, or binding upon Trustor under any building lva�i agreement, sccurnty `
<br /> �� agreement, loan agreement,financing statement, or any other agreement, instrument or
<br /> M"'',',+�=�`••'•`=' document executed by Trustor in connection with the Obligations or any other
<br />_�r,�.
<br />_��.:...t;d .
<br />���' ,, agreement with the Beneficiary,
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<br /> - (e) A trustee, rxeiver or liquidator of the Trust Property or of Trustor is appointed, or
<br /> __=_�`Y''�� any of the creditors of Trustor files a petition in bankruptcy against Trustor, or for the
<br /> .i.;.,�..- — reorganization of Trustor pursuant to the Federal Bankruptcy Code, or any similar law,
<br /> -"-����� whether federal or state, and if such order or petition is not discharged or dismissed.
<br /> —'����'� within thirty(30)days after the date on which such order or petirion was filed,
<br /> st�:��
<br /> .�,�,,�
<br /> _Y„�,��� (� Trustor files a petition pursuant to the Federal Bankruptcy Code or any similar law,
<br /> -��� federal or state, is adjudged a bankrupt, is declazed insolvent, makes an assignment for
<br /> ,,.�:-�;,_;��,1 r 5 the benefit of creditors, admits in writing its inability to pay its debts as they become
<br /> � ''�=� � due, vr consents to the appointment of a receiver of all or any part of the Trust
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<br /> +'�:�;;;�';,.• ;�� . (g) Final judgrnent for tl:e payment of money is entered against Trustor and Trustor fails to
<br /> ...,;`<<. '• discharge the same, or cause it to be discharged, within thirty (30) days after the entry
<br /> ' :� thereof, or fails to appeal therefrom or from the order, decree or process upon which
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