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<br />2�12�5918
<br />DEED OF TRUST
<br />Loan No: 101253472 (Continued)
<br />Page 6
<br />perfect, continue, or preserve (1) Borrower's and Trustor's obligetiona under the Note, this Deed of Trust, end
<br />the Related Documents, end (2) the liens and security interests created by this Deed of Trust ea first and prior
<br />liens on the Property, whether now owned or hereafter acquired by Trustor. Unless prohibited by law or Lender
<br />agrees to the contrary in wrlting, Trustor shell reimburse Lender for all costs end expenses incurred in connection
<br />with the matters referred to in this paragraph.
<br />Attorney-in-Fact. If Trustor feils to do any of the th(ngs referred to in the preceding peregreph, Lender may do ao
<br />for and in the name of Trustor and et Trustor's expense. For such purposea, Trustor hereby irrevocably appoints
<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 neceasary or deslreble, in Lender's sole opinion, to accomplish the matters referred to in
<br />the preced(ng paragraph.
<br />FULL PERFORMANCE. If Borrower end Trustor pay ell the Indebtedness, including without limitation ell future
<br />advances, when due, and Trustor otherwise pe�forms all the obligations imposed upon Trustor under this Deed of Trust,
<br />Lender shell execute end deliver to Trustee a request for full reconveyance and shall execute end deliver to Truator
<br />suitable statements of termination of eny finencing statement on file evidencing Lender's security interest in the Renta
<br />end the Personal Property. Any reconveyance fee requ(red by law shall be paid by Trustor, (f permitted by appHcable
<br />law.
<br />EVENTS OF DEFAULT. Eech of the following, at Lender's option, shall constitute an Event of Defeult under this Deed
<br />of Trust:
<br />Payment Default. Borrower fails to meke any payment when due under the Indebtedness.
<br />Other Defaults. Borrower or Trustor feils to comply with or to perform any other term, obligation, covenant or
<br />condition contained in this Deed of Trust or in eny of the Related Documents or to comply with or to perform any
<br />term, obligetion, covenant or condition conte(ned in eny other agreement between Lender and Borrower or Trustor.
<br />CompUance Default. Feilure to comply with any other term, obligation, covenant or condition contained in thls
<br />Deed of Trust, the Note or in eny of the Related Documents.
<br />Default on Other Payments. Feflure of Trustor withfn the time required by this Deed of Trust to make any payment
<br />for taxes or insurance, or any other payment necessery to prevent fil(ng of or to effect discharge of any lien.
<br />False Statements. Any warranty, repreaentation or stetement 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 false or misleading in
<br />any material respect, either now or at the time made or furnished or becomes false or misleading at any time
<br />thereafter.
<br />Defective Collateralization. This Deed of Truat or any of the Related Documents ceasea to be (n 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 and for any reason.
<br />Death or Insolvency. The death of Borrower or Trustor, the insolvency of 8orrower or Truator, the appointment of
<br />a receiver for eny part of Borrower's or Trustor's property, any assignment for the benefit of creditora, eny type of
<br />creditor workout, or the commencement of eny proceeding under eny bankruptcy or inaolvency laws by or againat
<br />Borrower or Trustor.
<br />Creditor or Forfetture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judiciel
<br />proceeding, self-heip, repossession or any other method, by eny creditor of Borrower or Trustor or by any
<br />governmental agency against any properry securing the Indebtedness. Thfs includes a garnishment of any of
<br />Borrower's or Trustor's accounts, including deposit accounts, with Lender. However, this Event of Default shall
<br />not epply if thel�e is a good faith dlspute by Borrower or Trustor es to the validity or reasonebleness of the claim
<br />which is the basis of the creditor or forfeiture proceeding and if Borrower or Trustor gives Lender written notice of
<br />the creditor or forfeiture proceeding and depos(ts with Lender monies or a surety bond for the creditor or forfeiture
<br />proceeding, in an amount determined by Lender, in ita sole discretfon, as being an adequete 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 thet is not remedied within any grace perfod provided therein, including without
<br />limitation any egreement concerning any indebtedness or other obligation of Borrower or Trustor to Lender,
<br />whether existing now or later.
<br />Events Affecting Guarantor. Any of the preceding events occura with respect to any guarantor, endorser, surety,
<br />or accommodation perty of eny of the Indebtedness or any guarentor, endoraer, surety, or accommodetion party
<br />dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Gueranty of the
<br />Indebtedness.
<br />Adverse Chenge. A material adverse change occurs in Borrower's or Trustor's financial condition, or Lender
<br />believes the prospect of payment or performance of the Indebtedness is impaired.
<br />Insecurity. Lender in good faith belfeves itself insecure.
<br />Existing Indebtedness. The payment of any installment of principel or any interest on the Existing Indebtedness ia
<br />not made within the time requfred by the promissory note evidencing such indebtedness, or a default occurs under
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