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_ ��14��1�9 3 � QEE� �F -r�usT Loan No: 7��7�555 4�an�inued} F�age 6 perf�ct, continue, or preser�e �1� 6orrow�r's and Trustor's obligations und�r�he Note, this ❑eed of Trust, and fih� Rela�ed Documents� and {2y the �iens and security interesfis created by this Deed o�Trus� on the Proper�y. whether n�w owned ar hereaf��r acquired by Trustor. Unless prahihited by[aw or Lender agrees to th�contrary in writing, Trustar sha[1 reimburse Lender��r all costs and expenses incurred En c�nnecti�n with the matters referred to in this paragraph. At�orn�y-in-Fac�. if Trustor fai�s tv d� any af the things referred to in the preceding paragraph, Lender may do s� fior and in the name of Trusfor and at Trustor's expense. F�r such purposes, Trustor hereby irre�aca�ly appoints Lender as Trustor's attorn�y--in-�act for the purpase�f making, executing, deli�erin�� filingr recording, an� doing al[ other things as may be nec�ssary or desirable, in L�nd�r's sole opinion� �o accomplish the mafters referred to in the preceding paragraph. FULL R�RF�RMAN�E. If Borrower and Trustor pay al[ the Indebtedness. inc�uding vu�thout �imita�ion al� fufure advances, when due, and Trustor��herwise p�rforms all the obligativns imposed upon Trustor und�r this C3eed af Trust, L�nder shall execute and deli�er fio Trustee a request for full recan�eyance and shall execute and de�iver to Trustor suitable sta�ements afi termination of any finan�ing s�a�remen� ❑n file e�idencing Lender's security interest in the Rents and the Persona! Prvperty. Any reconveyance fe� required by law sha[I be paid by Trustor� if permitted by applica�le law. EVENTS �F DEFAULT. Each vf the following� at Lender's op�ion. shall c�nstitu�e an EWent o�F ❑efault under�his Deed �f Trus�: Paymen�1]efaul#. Borrower�ails to make any payment when due under�he Indebtedness. ather Defaults. gorrower vr Trustor fails to comAly with o� to perform any vther term, obliga�ion, co�enant vr cvndition contained in �his Deed of Trus� o� in any o��he Re�a�ed Docurnen�s �r to c�mply with or ta perform any �erm, obEigatian, c�venant ar condition contained in any other agreement between Lender and Borrawer or Trustor, Complian�e Defau�#. Failure to comp�y vvith any o�her term� obligation, �avenant nr condition con�ained in this Deed of Trus�f the Note vr in any o�f�th� Related ❑ocuments. ❑e�ault an��her Payments. Failure of Trust�r wi�hin the time required by this Deed of Trust to make any payment for taxes ❑r insuran�e, vr any�ther paym�nt necessary�v prevent filing of vr to effect discharge o�any lien. False Statements. Any warranty, representatEon �r statement made or�Furnished �� Lend�r �y Borrov►rer ar Trustor or ❑n Barrower's flr Trus��r's behalf under this aeed af Trust �r the Related Documents is false �r misleading in any material �esp�ct, eith�r now or at �he time made �r furnished or becomes false or misleading at any time thereaf�er. D��e��ti�e �ollateralization. This Deed of Trust or any af the Related Documents �eases to be in full force and ��ct �including �failure ❑� any Gollatera� document t� create a �alid and per�Fected s�curi�y interest or lieny at any time and �or any reason. Death or [nsol�ency. The death ❑f Borrower vr Trustor vr the dissalu�ion or terminati�n ofi Borrvwer's�r Trustor's existen�� as a gaing business,the insolWency of Barrawer or Trustar� the appointment of a receiver f�r any part of Barrvwer's �r Trust�r's property. any assignment for the benefit o�cr�dit�rs, any�ype of creditar work�u�, or the commencement of any prflceeding und�r any bankruptcy or insof�ency laws by�r against Borrvwer�r Trustor. Credi�or vr Forfsiture Pro��dings. �ammencement ❑f foreclasure or fiorfeiture proceedings, whether by ju�icial prac�eding, self-help, rep�ssession or any other method, by any credEtar o� Barrower ar Trustor or by any governmental agency against any prvp�rty secur�ng �he Indebtedness. This in�ludes a garnishm�nt of any vt Barrawer's or Trus�or's a�counts. including depasit accaun�s, with Lender. HoweWer� th�s Even� �f Defau�� shall no� apply if th�r� is a gaod �aifh dispute by Bvrrower ❑r Trustor as ta the validity ar reasonableness of the claim which is the has�s ❑f�he cred�tor or fvrfeiture proceedin� and if B�rrov►►er or Trust�r gives Lender wri�ten notice of the cr��itor�r f�r#eiture proc�eding and deposits v►rith Lender mani�s or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole discretion� as being an adequa�� reser�e or band��r the dispute. Brea�h o�❑ther Agreement. Any breach by Bvrr�wer❑r Trus��r under the�erms vf any other agreemen�be�t►nreen Sorrower or Trustor and Lend�r �hafi is not remedied w�thin any grace periad pro��ded there�n, including withou� limitati�n any agreement concerning any indebtedness or o�her o�ligation of Borrvwer or Trustor to Lender, whether exEstin� n�w ar later. E�ents Affecting Guaranfor. Any of the pre��ding e�ents a�curs with respect to any guaranfior, endorser, surety, �r accommodatian party of any of �he Ind�btedness or any guarantor, endorser, surety, ar accommadation party dies nr becomes incampetent, or re�okes vr disputes th� �alidi�y �f. or liability under, any Guaranty of the �ndebtedness. Adverse Change. A ma�erial ad�erse change acGurs in Borr�wer's or Trust�r's �F�nancial c�ndEtion, ar Lender beli��es the prospect of payment ar performance�f�the Ind�bfedn�ss is impaired. Inse�urity. Lender in g�vd fai�h �elie�es i�self insecure. Existing lndebtedness. The payment of any installment�� principal ar any interest on the E�isting Endebtedness is nat made within the �time requir�d by�he promissory nofie evidencing such indebtedness, or a default occurs un�er