#Locust Street - Deed of Trust
<br />20130887E
<br />(c) Failure by Trustor to duly observe or perform any term, covenant,
<br />condition or agreement in any other agreement now or hereafter evidencing, securing or
<br />otherwise relating to the Note or this Deed of Trust; or
<br />(d) If any warranty or representation made by Trustor in the Note, this Deed
<br />of Trust, any other agreement between Trustor and Beneficiary, whether now or at any
<br />time hereafter existing, or in any statement or certificate furnished pursuant to any of the
<br />foregoing shall be false, misleading, or inaccurate; or
<br />(e) The occurrence of an event of default under any other promissory note
<br />made by Trustor made payable to the order of Beneficiary; or
<br />(f) The Trustor shall: (i) have an order for relief entered with respect to it
<br />under any law relating to bankruptcy, insolvency, reorganization or relief of debtors; (ii)
<br />not pay, or admit in writing its inability to pay its debts generally as they become due;
<br />(iii) make an assignment for the benefit of its creditors; (iv) apply for, seek, consent to or
<br />acquiesce in the appointment of a receiver, custodian, trustee, examiner, liquidator or
<br />similar official for it, or any substantial part of its property; (v) institute any proceeding
<br />seeking an order for relief under any law relating to bankruptcy, insolvency,
<br />reorganization or relief of debtors, or proceeding seeking to adjudicate it a bankrupt or
<br />insolvent or seeking a dissolution, winding up, liquidation, reorganization, arrangement,
<br />adjustment or composition of it or its debts, under any law relating to bankruptcy,
<br />insolvency, reorganization or relief of debtors; or fail to file an answer or pleading
<br />denying the material allegations of any such proceeding filed against it; (vi) take any
<br />action to authorize or effect any of the foregoing actions set forth in this Section (f); or
<br />(vii) fail to contest in good faith any appointment or proceeding described in Section (g)
<br />below; or
<br />(g) Without the application, approval or consent of the Trustor a receiver,
<br />custodian, trustee, examiner, liquidator or similar official shall be appointed for the
<br />Trustor or any substantial part of its property or proceedings described in Section (f)(v)
<br />above shall be instituted against the Trustor and such appointment continues
<br />undischarged or said proceeding continues undismissed or unstayed for a period of sixty
<br />(60) consecutive days; or
<br />(h) If any judgment shall be recovered against Trustor or any attachment or
<br />other court process shall issue, which shall become or create a lien upon the Property or
<br />any part thereof, and such judgment, attachment, or other court process shall not be
<br />discharged or effectively secured or execution thereon stayed within thirty (30) days from
<br />the entry thereof;
<br />(i) Trustor shall, without consent of Beneficiary, sell, convey, transfer,
<br />encumber, or otherwise dispose of the Property, or any part thereof, or any interest
<br />therein, or shall be divested of its title, or any interest therein, in any manner or way,
<br />whether voluntarily or involuntarily, including, but not limited to, a transfer of any of the
<br />Trustor's interest in the Trust Property in the form of a lease option, option to purchase,
<br />sale contract, Deed of Trust or Deed.
<br />
|