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DEED OF TRUST ��� 2 Q� O� J
<br />Loan No: 1 0 7 257432 (Continued) Page 6
<br />Attorney-in-Fact. If Trustor fails to do any of the things referred to in the preceding paragraph, Lender may do so
<br />for end in the name of Trustor and at Trustor's expense. For such purposes, Trustor hereby irrevocably appoints
<br />Lender as Trustor's attorney-in-fact for the purpose of making, executing, delivering, filing, recording, and doing all
<br />other things as may be necessary or desirable, in Lender's sole opinion, to eccomplish the matters referred to in
<br />the preceding paragraph.
<br />FULL PERFORMANCE. If Trustor pays all the Indebtedness, including without limitation all future advences, when due,
<br />and otherwise performs all the obligetions imposed upon Trustor under this Deed of Trust, Lender shell execute and
<br />deliver to Trustee a request for full reconveyance and shell execute and deliver to Trustor suitebte statements of
<br />termination of any ffnancing statement on file evidencing Lender's security interest in the Rents and the Personal
<br />Property. Any reconveyance fee required by law shell be paid by Trustor, if permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute an Event of Default under this Deed
<br />of Trust:
<br />Payment Default. Trustor fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Trustor fails to comply witN or to perform any other term, obligation, covenant or condition
<br />contained in this Deed of Trust or in any of the Related Documents or to comply with or to perform any term,
<br />obligation, covenant or condition contained in any other agreement between Lender and Trustor.
<br />Compliance Default. Feilure to comply with any other term, obligetion, covenant or condition contained in this
<br />Deed of Trust, the Note or in any of the Related Documents.
<br />Default on Other Payments. Failure of Trustor within the time required by this Deed ot Trust to make any payment
<br />for taxes or (nsurance, or any other payment necessary to prevent tiling of or to effect discharge of eny lien.
<br />False Statements. Any warranty, representation or statement mede or furnished to Lender by Trustor or on
<br />Trustor's behalf under this Deed of Trust or the Releted Documents is false or misleading in any material respect,
<br />either now or et the time mede or furnished or becomes felse or misleading et any time thereafter.
<br />Defective Collateralizetion. This Deed of Trust or eny of the Related Documents ceases to be in full force and
<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 trustor, the insolvency of Trustor, the appointment of a receiver for any part of
<br />Trustor's property, any assignment for the beneHt of creditors, any type of creditor workout, or the
<br />commencement of any proceeding under any bankruptcy or insolvency laws by or against Trustor.
<br />Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial
<br />proceeding, self-help, repossession or eny athen method, by any creditor of Trustor or by eny governmentel egency
<br />against any property securing the Indebtedness. This includes a garnishment of any of Trustor's accounts,
<br />including deposit eccounts, with Lender. However, this Event of Defautt shatl not apply if there is a good faith
<br />dispute by Trustor as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture
<br />proceeding and 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 emount 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 egreement between Trustor and
<br />Lender that is not remedied within any grace period provided therein, including without limitation any agreement
<br />concerning any indebtedness or other obligation of Trustor to Lender, whether existing now or later.
<br />Everrts Affecting Guarantor. Any of the preceding events occurs with respect to any guarentor, endorser, surety,
<br />or eccommodation party of any of the Indebtedness or any guarantor, endorser, surety, or accommodetion party
<br />dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the
<br />Indebfedness.
<br />Adverse Change. A material adverse change occurs in Trustor's financial condition, or Lender believes the
<br />prospect of payment or performance of the Indebtedness ia impaired.
<br />Insecurity. Lender in good faith believes itself i�lsecure.
<br />6cisting Indebtedness. The peyment 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
<br />the instrument securing such indebtedness and is not cured during any applicable 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 detault, other than e default in payment is cureble and if Trustor has not been given a notice
<br />of a breach of the same provision of this Deed of Trust within the preceding twelve (12) months, it may be cured if
<br />Trustor, efter 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 (15) days, immediately initiates steps which Lender
<br />deems in Lender's sole discretion to be sufficieni to cure the default and thereafter continues end completes all
<br />reasonable and necessary steps sufficient to produce compliance as soon as reasonably prectical.
<br />RIGWTS AND REMEDIES ON DEFAULT. If a�t Event'of Default occurs under this Deed of Trust, at any time thereafter,
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