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<br /> .. � ? .: �::,_� Section 4.01. ��pai of DefaulE Under Noie or tlrl►er l.oan Documeats. 7Yussor - • :.
<br /> �• .�� shalt fail w matte any payment required by the Note when dete or there shall ac,�ur any other event -__
<br /> __ __ _ of default as set fortb in the Note or any of the Loan Documents. _
<br /> -- - - �:::_;.
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<br /> rs,+ � Secrian 4.02. �SSi¢nameat o1'Callateral. Tr�swr st�all make or allo�v a sale. �.�:
<br /> - '��;; assigameat, tease, subtease, Dced of Trust, or other securlty interest or enc.�m6rance in any �t..;
<br /> ',:—.1:' ",. -...
<br /> �`. �:. •-..�.�"t_ .
<br /> ��':' ---;:`':.�� manner of their interest in whole or any part of the Collateral or of the iu�provements thereon or .::¢��,
<br /> ;'., '`;� •;- of th�rents,a�vemtes,pmceeds,�ssues,an�profits of any part thereof ar th�incam.e tiierefrom =;Fj:�:". �-,
<br /> � ' �,� `= (other than s�h oti�r ags�e�..Qeed of Trasts,security interests,ot enc�ixaaces as may 'f�� � �:�
<br /> - �::��" �t' be held by Benefrclary)c�rIIlch.qs grobibited by Seciion 3.Q4 t�ereof. �'.::�{•;,.����`
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<br /> x SectiaII 4:E}3. Untrue eore�m�tians aad �larraneies. Any r�gre�effiatiaa or '}j':Y:.�.
<br /> t.Y.�":�:t.:!-.
<br /> �'1� :
<br /> . •;;. � warranty made by�rnsmrherein or in any o�tl�e T,Aan IIQCamem�sl�all pmve oQ�e u�ue in any `..;:`>`;:..�
<br /> ._ .� i.t;;:�„s.: ��
<br /> � .� ',`�� IQ1t@il11 f�1�t. ' ;,tti°,`.��:';
<br /> �.M`�_ " .:�f� =:'3�' ��'__
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<br /> ���.,.:�T'l�f .vt;� S�tion �.4�. ?�faults in Cov�enants. Thete s�aU exist aay defautt in the .� -
<br /> :���;n ,.�'4?f�'',?��` perforimance of Trustor's covenants aad obligations contained herein or in any of the Loan -;: -`_
<br /> t�s��s��wf �' +-
<br /> ,,,�, �. � � Dacuments. . _
<br />- �';f��x�{i:�'ir1�i.%�� . . . . _-',
<br /> Y'�±;„��;=%�r: ��� '� Section 4.OS. Lia on. The title of Tn�swr w the Collateral sball become the �
<br /> , ,`'
<br /> • ' � subject mattet of lidgation wBich would or mighi, in Beaefciary's opinion, upon S�all
<br /> .�.�;��;,°;. .: �
<br /> - ,..' ::>::�: � determinati�aa,xesult in sui�ttial impairment or loss of��:security provided in tt�is a��tt:. � r .
<br /> r/ .,
<br /> � , ' {including t3�,�oceeds nnder any leader's riite i�asura�►►�:.�p�cy of which 8en��ary is dfe ,
<br /> �5. .`' u a.� � � ,
<br /> y�`�1��f s,�; ., Beneficiary)aaf1.'up��i�e 6y Beneficiary ta�"s��r;au^.�Iitigadon is not dismi&se�within 60 v '-_
<br /> � � ,L ,j � days of sucb�ixattce-
<br /> xa
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<br /> .r% '�,%,,�. : � v or Inso vencv Trustor or an u��iall become ��, `''�.
<br /> ,s tYc�` ti ,;�;��.:.;,,�. ��Section 4.a6. � r.1yT- Y� , -
<br /> `��'i' �:, . �:x;.-.
<br /> �Y,,�� ��L . ii�solvent or admit in writing its inability to pay its debis as they mature,ar applfes�or,consents
<br /> .F��� ? `°� �, or acqniesces in, the appointment of a trustee, custodian, or reaeiver fur Tmstor or any 's :
<br /> � '.�.FI ' ,:.; ..,3�«.
<br /> ' ����,:Q?�� �Y P�PertY thereof; or, in the absence of such ap�ilicatio�; �ansent, or _,
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<br /> � a Trustee,custodiaa,or receiver is appoinied for the Truswr or a�►�v�u�antor or `�';. "
<br /> a�9uiesceiic,�•: � :
<br /> �. c� ,�-�,:.
<br /> ' � ;;� _ = f o r a s u b s t a r F'd a i p a rt o f p r o p e r e y of Trustor or an+�.g u a�`a�a 4ar, and is not discbaz'�e�t within 30. �kc�,,.
<br /> ` � '';�� � days: or anY b<'�tse�a�t,�+, reor�zation, deta��aa�ge��t� or other pruceeds�g.�mder �� _
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<br /> � bat�ptcy�a insa���law, or any dissotutioa or Ii�ss3atioa praceeding is�ted bY.or -
<br /> , , .
<br /> '�` �against Tr�r or a�y�acantor a�d,if instituted against�r or any guarantor�a substantiai r
<br /> ,�'f,�� t F :� part of the�roperZg+ Q��.'��uStor�:�Y �a�Wr, is t�t:!�chatged�within 30 days; or any � -
<br /> + , � .� � or
<br /> , •:� y�,�`� ' reo ga�a��n;,:d� .�ge���,,�+��►* othes geoceedisc�•���er any bankruPtcY
<br /> bankraptcy �
<br /> ,`,�,,h<> , • `"•• or a Tn�stor or
<br /> ;�;k� � �;r!.y insolve�y taw,or aay a�Ur�an m�liq����ins6�rir�dl�y SaiRst �+q
<br /> r �'�������`•�s`�t�t any guaaaatc�i�'is consented to or acqe�iesced 3�c!'r�w�"��*��r�rs�y guarat��:�r re�ii�i�ndismissed 3�� ±� _
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