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��14��11�
<br /> I�EED �F TRUST
<br /> Laan No: �Q 7�7���� ��onti�ued� IPage �
<br /> and the Pers�nal Pr�p�rty. Any recan�eyan�e #ee required by law shal� be paid by Trustor, i� permi�fied �y applicable
<br /> law.
<br /> EVENTS OF DEFALILT. Each of the following, at L�nder's �pti�n, shall constitute an E�en� af De�ault under this D��d
<br /> vf Trust:
<br /> Paymsn#Default. Borr�wer�ails�o malce any paym�n�wh�n due under�he fndebtedn�ss.
<br /> ��her De�au�ts. gorrawer or Trust�r fai[s ta comply with or �a perform any other term, o�ligatian, covenant vr
<br /> condi�ion �on�ained in�his Deed o�F Trust or in any a�the Related Do�uments or to �amply wi�h vr�o p�rform any
<br /> �errn,obli�ation, cavenan�or condition contain�d in any other agreement between Lender and Sorrvwer�r Trus�or.
<br /> Compliance De�Fau�t. Failure �o camply with any other term, obligatian, coWenant ❑r �anditi�n contained in this
<br /> ❑eed of Trus�,the Note or in any of the Relafied Do�um�nts.
<br /> De�au�t on ��her Paymen�s. Failure of Trustar►rvithin the�im� re�uired by�his aeed o�F Trust�o make any paymen�
<br /> for taxes or insurance, or any other payment necessary ta preWent filing �f or ta effe�t dis�harge of any lien.
<br /> False S�ka�ements. Any warranty, represen�ation or sta�emen'� made �r furnished �� Lender by Borrawer nr Trust�r
<br /> or �n Borrawer's or Trusfior's behalf under this De�d ❑f Trus� vr the Refated Dvcuments is false or m�sleading in
<br /> any ma�erial respect, either naw �r a� the time made �r furnish�d ar b���mes �False or misl�ading at any time
<br /> thereaf�er.
<br /> Defe��i►re Collateralization. °This Deed vfi Trust or any of the Related D�cuments ceases to be in ful{ forc� and
<br /> e�fect �including failure of any collateral dacument to cr�ate a �alid and perfected se�urity in�erest �r �ien� at any
<br /> �ime and far any reas�n a
<br /> Death or Insol�ency. Th�diss�lution or termination of Bvrrowe�-'s or Trustar's existence as a going �usiness or�he
<br /> death o� any partner, th� insol�ency af Borrawer �r Trustor, the appoin�ment �� a recei�er for any part af
<br /> 6orrawer's ��Trustor's property, any assignment for�he ben�fi�of credi�ors, any�ype of credifiar wvrlcou�, vr the
<br /> commencem�nt of any prv�eeding under any bankrup��y or ins�i�ency laws by or against Borrower ar Trustor.
<br /> Creditvr or Forfeiture Pra�eedings. Commencement of f�rec[vsure ar farfeitur� proceedings, whether by judicial
<br /> pr�c�eding, se�f-help, r�passessivn or any other me�hod. hy any cred�tor ofi Borrower ar Trustor or by any
<br /> gvv�rnm�n�al agency against any property securing the Ind��tedn�ss. This includes a �arnishmen� of any of
<br /> Borrower's vr Trustor's accounts� including deposit accaun�s, with Lender. However, �his E�en� ❑�f Default shall
<br /> n�t appfy if there is a good faith dispu�ke by B�rr�wer or Trustvr as to the validity or reasonableness of the claim
<br /> which is the basis v�the credi�nr ar forfieiture proceeding and if Barrower or Trustor gives Lender written natice of
<br /> �the cr�dit�r or forfeiture proceeding and deposits v►rith Lend�r monies ar a surety bond for�he �reditor or forfeiture
<br /> proceeding, in an amount d�t�rmined by Lend�r, in its sol�dis�reti�n, as being an adequate reserve or band far fihe
<br /> dispute,
<br /> Brea�h vf�ther Agreernent. Any breach by 6orrower ar Trust�r under�he terms of any other agreement be�ween
<br /> Borrower ❑r Trustor and Lend�r that is na�t remedied within any grace period pro�ided therein. including ►nrithoufi�
<br /> limi�atian any agreement c�ncerning any indeb�edness or other �bli�a�ion of 6arrower ar Trustar �o Lender,
<br /> whether existing nvw flr later.
<br /> E�enfs ►�►�fecfiing Guarantor. Any of the preceding ��ents occurs wi�h respect�o any guarantar, endvrser. surety,
<br /> ❑r accommoda�ivn party of any of the [ndebtedness or any guaran��r, endarser, surety, ar acc�mmoda�tivn party
<br /> dies or be��mes in��mpetent, or reWokes or clisputes the �alidity of, or liability und�r, any Guaranty v� �he
<br /> In��btedness.
<br /> Adverse Change. A material adv�rse change ocCurs in 6orrawer's vr Trusfvr's finan��al condition, or Lender
<br /> b�lie�es�he praspect of payment or p�rformance af the Indebtedness is impaired.
<br /> [nsecuri�y. Lend�r in gv�d�Faith beEieWes itself insecur�.
<br /> Right to Cure, If any de�ault, other than a default in paymen�is curable and i�Trustor has not been g�ven a notice
<br /> a�a brea�h of the same pro�ision of th�s De�� of Trus�wi�hin the pre�eding twel�e ��2� months, it may be cured if
<br /> T�ustvr, after Lender s�nds writt�n notice to garrower d�manding cur� of such default; {�} �ures �he defau[t
<br /> within #if�een {�5y days; or {2� if�he cure re�uires more than �Fifteen {�5} daysf immedia�efy ini�iafes steps vuhich
<br /> L�nder de�ms in Lender's sa�e discreti�n �a �e suf�ic�ent tv cure the �efault and thereaft�r �on�inues and
<br /> c�mplet�s all reas�nable and necessary s�eps sufficien�to produce c�mpliance as soon as reasonably practica�.
<br /> RI�HTS AIVD REII�lED1ES �N DEFAULT. lf an Event of �e�Fault accurs under this De�d of Trusfi, a� any time �herea��er�
<br /> Trustee or L�nder may exercise any vne ar more o��he fvllvwing rights and remedi�s:
<br /> Acceferation Upon Default; Additional Remedies. i�any E��nt o� ❑efau�t oc�urs as per�khe terms �f the Nate
<br /> secured hereby, Lender may declare al� Indeb�edness secured by this Deed of Trust to be due and payab[e and
<br /> th�same shafl th��eupon be�ome due and payable without any presentment, demand, protes�or natice of any
<br /> . kind. Thereafter, Lend�r may:
<br /> �a} Eith�r in person or hy agent, with or without bringing any a�tion or proceeding, ar by a r�cei�er
<br /> appoin�ed by a caurt and wi�hout regard �o �he adequacy of its security, enter upon and take possess�an
<br /> of�he Property, ar any part#hereo�, in its own name or in the name of Trustee, and do any acts which it
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