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��14��113
<br /> �EEa �� TRu�T
<br /> Loan No: 'i a�Z751�5 tCol�ti�ued� Pa�e C
<br /> and �he Personal Property. Any recanveyance ��e required by law shall be paid �y Trus�or, if permi�ted �y applicable
<br /> law.
<br /> EVENTS �� DEFAULT. Each of the foflowing, at Lender's op�ion, shail cons�i�ute an Even� of Default under this Deed
<br /> of Trus�:
<br /> Paymen�t❑efault. garrower tails to make any payment wh�n due under the Indeb�edness.
<br /> Q�h�r Defiaults. Bvrr�wer or Trustor fai[s to �amp�y with or to per�arm any ath�r term, obligativn, cv�enan� or
<br /> condition cantained in this Deed of Trust ❑r in any of the Related Documents or to comp�y wi�h ar to per�Form any
<br /> term,flbligation, covenant ar candition con�ained in any other a�reement between Lender and Bvrrawer ar Trustor.
<br /> Gompli�n�e De�ault. Failur� t� comply with any other term, o�li�atian, co�enan� vr c�nditian contained in this
<br /> Deed of Trus�t, the Note�r in any of�he Related Documents.
<br /> Default vn Other Payments. Failure�f Trus�ar withEn the�ime required by this Deed af Trus�t� make any payment
<br /> for taxes or insuranc�, or any other paym�n�nec�ssary tv pre�ent fi�ing of or�a effect discharge o�F any lien.
<br /> False Statemen�s. Any warranty, representation vr s�atement rnade or furnished ta Lender by Borrower or Trustor
<br /> or 4n Barr�wer's or Trustvr's behalf under �his Deed af Trus� or the Reiated Docurnen�s is fia1s� ❑r misleading in
<br /> any material respect, either nvw vr at the time made �r �urnished vr be�omes false or mis�eading at any time
<br /> thereafter.
<br /> De�e�ti�e Cvlla�eraliza�ivn. This Deed o�F Trust �r any vf �h� Relat�d Docum�nts ceases tv be in �ull fflrce and
<br /> ��tect �including failure �f any collateral da�um�nt ta create a valid and perfec�ed security interest�r Iieny at any
<br /> �ime and for any r�asan.
<br /> D�a�h or Insolvency. The dissvlu�ion or termination o� Borrvwer's or Trusfi�r's existen�e as a going busin�ss ar the
<br /> deafih ot any partner, the insol�enc� of B�rrower or Trustor, �he app�intment of a recei��r ��r any par� of
<br /> Borrower's or Trus�or's proper�y. any assignment for the b�ne�it�f �reditors, any type of creditor w�rkoutr vr the
<br /> commenc�ment o�any proce�ding unde�any bankruptcy ar insol�ency laws by vr against 6orr�wer vr Trustor.
<br /> Creditar vr Forfeiture Proc�edings. �ammencement af fa�-eclosura or �orfreiture proceedings, whe�ther by judicial
<br /> procee�ing, se��-he�p, repossession or any o�her method, by any c�editor af Borrovuer or Trustor �r by any
<br /> go�ernmental agency agains� any property securing the Endebtedness. This includes a garnishment of any of
<br /> Borrawer's or Trustor's ac�oun�s� in�luding deposit accounts, with Lender. Hvwev�r, this EWent o� #�efault shall
<br /> not app[y if there is a got�d �aith dispute by 6orrawer �r Trustor as �to the r�alidity ❑r reasonableness of the c�aim
<br /> vuhich is the basis ❑f the creditor vr'�orfieiture proceeding and if Borrower or Trustor gives Lender written notice �f
<br /> the creditor or�for�eiture proceeding and d�posits wi�h Lender manies or a surety band fvr the creditar ar�orfeEture
<br /> prnceeding, in an amount determin�d by Lender, in Ets s�l�discretion, as being an adequate reserve�r band for the
<br /> dispute. .
<br /> 6r�ach af ather Agreem�nt. Any breach by Borr�w�r �r Trust�r under the �erms of any other agreement between
<br /> Borrower or Trus�vr and Lender thafi is no� r�medied within any grace period pra�ided therein, including without
<br /> limitation any agr�emen� concerning any indebfedness or o�ther obligatian �� Borrvwer or Trustor to Lender,
<br /> whether existing naw or�ater.
<br /> E�ents Affecting Guarantvr. Any vf the preceding even�s ac�urs with respect t❑ any guarantar, endo�ser, surety,
<br /> ❑r accommodation party af any of the Indebtedness or any �uarantor, endorser, sure�y, ar accommvdation party
<br /> dies �r becames incompetent, �r r�vokes or dispu�es the va[idity af, vr liabiii�y under, any Guaranty of the
<br /> Indefatednesse
<br /> A�Iverse �hange. A mater3al adverse change oc�urs in Borrower's ❑r Trustor's financia[ condition, or Lend�r
<br /> believ�s the prasp�ct of payment or performance vf th� Ind�btedn�ss is impaired.
<br /> - Insecurity. Lend�r in goad fai�h beli�ves itself insecure.
<br /> Righfi to �ure. I�any defaul�, o�ther than a default in payment is curab[e and if Trust�r has na��een gi�en a notice
<br /> of a �reach ofi the same pro�isi�n nf�his Deed o�Trust wEthin the preceding twel�e �12� m�nths, it may be cured if
<br /> Trustar, after Lend�r sends written notic� to Borr�wer demanding cure of such defau[�t: �1} cures the default
<br /> within �i#��en ��5y days; vr �2y if the cure requires more than fifteen ��5y �ays, immediately initiat�s steps which
<br /> Lender deems in Lender's sale discretivn �to be su�ficient �t� cu�e �he default and �hereafiter continues and
<br /> campletes a!� reasonahle and nec�ssary s�eps sufficient ta produ�e campliance as soon as reasonably prac�ical.
<br /> RI�HTS AND REIVIEDIES aN DEFAULT. [f an E�ent of Default occurs under�this ❑eed of Trust, at any time thereafter,
<br /> Trus�ee or Lender may�xer�is� any one or more of the�oll�wing rights and remedies:
<br /> Acceleration Upan Default; Additivnal Rem�dies. lf any Event ot Defiaul�occurs as per the terms of the Nvte
<br /> secured hereby, L�nder may declare a11 {ndebtedness se�ured by this Deed of Trust ta be due and payabl� and
<br /> the same shall thereupan becvme due and payable withaufi any presentment, demand� pro�est or nv�ice o�f any
<br /> kind. The�eafter, L�nder may:
<br /> {ay Either in person or by ag�nt, with or wi�hvut �ringing any ac�ian or pr�ceeding. ar by a reGei�er
<br /> appointed by a court and withvut regard to the adequacy of its securi�y, enter upnn and take pvss�ssion
<br /> �f the Property, or any part thereo�, in its own name or in the name �f Trusfiee� and da any acts which it
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