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Loan No; 101266246
<br />DEED OF TRUST
<br />(Continued)
<br />201304704
<br />Page 6
<br />and otherwise performs ell the obligations imposed upon Trustor under this Deed of Trust, Lender shall execute and
<br />deliver to Trustee a request for full reconveyance and shall execute and deliver to Trustor suitable statements of
<br />termination of any financing statement on file evidencing Lender's security interest In the Rents and the Personal
<br />Property. Any reconveyenoe fee required by law shall be paid by Trustor, If permitted by appilosbte lees.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute en 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 oomply with or to perform any other term, obligation, covenant or condition
<br />contained In this Deed of Trust ar 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. Failure to comply with any other term, obligation, covenant or condition contained In this
<br />Deed of Trust, the Nots or in any of the Related Documents.
<br />Default on Other Payments. Failure of Truster within the time required by this Deed of Trust to make any payment
<br />for texas or insurance, or any other payment necessary to prevent filing of or to effect discharge of any lien.
<br />False Statements. Any warranty, representation or statement made or furnished to Lender by Trustor or en
<br />Trustor's behalf under this Deed of Trust or the Related Documents Is false or misleading In any materiel respect,
<br />either now or at the time made or furnished or becomes false or misleading at any time thereafter,
<br />Defective Gallatsrafllation. This Deed of. Trust or any of the Related Dooumsnts 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 and for eny reason.
<br />Death or Insolvency. The death of Trustor, the Insolvency of Trustor, the appointment of a receiver for any pert of
<br />Trustor's property, any assignment for the benefit 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 any other method, by any creditor of Trustor or by any governmental agency
<br />against any property securing the Indebtedness. This Includes a garnishment of any of Trustor's accounts,
<br />including deposit accounts, with Lender. However, this Event of Default shell 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 end if Trustor gives Lender written notice of the creditor or forfeiture prooeeding and deposits with
<br />Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lander, In its
<br />sole discretion, as being an adequate reserve or bond for the dispute.
<br />Breaoh of Other Agreement. Any brsaoh 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 limitation any agreement
<br />concerning any indebtedness or other obligation of Trustor to Lender, whether existing now or later.
<br />Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorsor, surety,
<br />or a000mmodation party of any of the Indebtedness or any guarantor, endorser, surety, or accommodation party
<br />dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the
<br />Indebtedness.
<br />Adverse Change. A materiel adverse change occurs in Trustor's financial condition, or Lender believes the
<br />prospect of payment or performance of the Indebtedness is impaired.
<br />Insecurity. Lender In good faith believes itself Insecure.
<br />Existing Indebtedness. The payment of any installment of principal or any Interest on the Existing Indebtedness Is
<br />not made within the time required by the promissory nets 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 default, other than a default in payment is curable and If Trustor has not been given a notioe
<br />of a breach of the same provision of this Deed of Trust within the preceding twelve (12) months, It may be oured if
<br />Trustor, after Lander sends written notice to Trustor demanding cure of such default: (1) cures the default within
<br />fifteen (16) days; or (2) If the ours requires more than fifteen (16) days, immediately Initiates steps whioh Lender
<br />deems In Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all
<br />reasonable and necessary steps sufficient to produce compliance es 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 Default; Additional Remedies. If any Event of Default occurs as per the terms of the Nots
<br />secured hereby, Lender may declare all Indebtedness secured by this Deed of Trust to be due end payable and
<br />the same shall thereupon become due and payable without any presentment, demand, protest or notice of any
<br />kind. Thereafter, Lander may
<br />(a) Either In person or by agent, with or without bringing any action or proceeding, or by a receiver
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