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DEED OF TRUST 2 p � 2 ��� 7 �
<br />Loan No: 101253466 (Continued) Page 6
<br />the preceding paragraph.
<br />FULL PERFORMANCE. If Trustor peys all the Indebtedness, including without limitation all future advences, when due,
<br />and otherwise performs ell the obligations imposed upon Trustor under thfs Deed of Trust, Lender shell execute and
<br />deliver to Trustee a requeat for full reconveyance end shall execute end deliver to Trustor suitable statements of
<br />termination of eny financing statement on file evidencing Lender's security interest in the Rents and the Personai
<br />Property. Any reconveyence fee required by law shall be paid by Trustor, if permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's optlon, shall constitute an Event of Defeult under this Deed
<br />of Trust:
<br />Peyment Default. Trustor fails to make any payment when due under the Indebtedness.
<br />Other Defeul�. Trustor fails to comply with or to perform any other term, obligation, covenant or condition
<br />contained in this Deed of Trust or in any of the Releted Documents or to compiy with or to perform any term,
<br />obligation, covenant or condition conteined in any other agreement between Lender and Trustor.
<br />Compliance Defeult. Failure to comply with eny 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 Paymer�ts. Failure of Trustor within the time required by this Deed of Trust to make eny payment
<br />for taxes or insurance, or eny other payment necessery to prevent filing of or to effect discharge of any lien.
<br />False Stetemer�. Any warranty, representetion or statement made or furnished to Lender by Trustor or on
<br />Trustor's behalf under thfs Deed of Trust or the Releted Documents is false or misleading in eny material respect,
<br />either now or at the time made or furnished or becomea false or misleading et any t(me 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 collateral document to create a valid and perfected security interest or lien) at any
<br />time end for any reason.
<br />Death or Insolvency. The death of Trustor, the insolvency af Trustor, the appointment of e receiver for eny part of
<br />Truator's property, any assignment for the benefit of creditors, any type of creditor workout, or the
<br />commencement of eny proceeding under eny bankruptcy or insolvency lews by or against 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 eny creditor of Trustor or by any governmentel agency
<br />against any property securing the Indebtedness. This includes e garnishment of eny of Trustor's eccounts,
<br />including deposit accounts, with Lender. However, this Event of Default shell not apply if there is a good faith
<br />dispute by Trustor es to the validity or reasonebleness of the claim which is the basis of the creditor or forfeiture
<br />proceeding end if Trustor gives Lender written notice of the creditor or forfeiture proceeding end deposits with
<br />Lender monies 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 any grace period provided therein, including without limitetion any egreement
<br />concerning any indebtedness or other obligation of Trustor to Lender, whether existing now or leter.
<br />Events Affecting Querentor. Any of the preceding eventa occurs with respect to any guarantor, endorser, surety,
<br />or eccommodation party of any of the Indebtedness or any guarantor, endorser, surety, or accommodation party
<br />dies or becomes incompetent, or revokes or disputea the validity of, or liability under, any Guerenty of the
<br />Indebtedness.
<br />Adverse Change. A material adverse change occura in Trustor's flnancial condition, or Lender believes the
<br />prospect of payment or performance of the Indebtednesa is impaired.
<br />Insecurky. Lender in good feith believes itself insecure.
<br />Existing Indebtednesa. The payment of eny 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
<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 curable and if Trustor has not been given e notice
<br />of a breach of the seme provision of this Deed of Trust within the preceding twelve (12) months, lt mey be cured if
<br />Trustor, after Lender sends written notice to Trustor demanding cure of such default: (1) cures the default within
<br />fifteen (15) days; or (2) if the cure requires more than fifteen (1 b) days, immediately initiates steps which Lender
<br />deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues end completes all
<br />reasonable and 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 />Acceleration Upon Defeult; Additional Remedles. If any Event of Default occurs as per the terms of the Note
<br />secured hereby, Lender may declare ell Indebtedness secured by this Deed of Trust to be due end payeble end
<br />the same shall thereupon become due end payable without any presentment, demand, protest or notice of any
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