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��14��11�
<br /> �EED [�F TRUST
<br /> Loan Na: '1�1�757�� ���rltln[��d� Page 6
<br /> and p�aces as Lender may deem appropriate, any and a�l su�n mor�gages, deeds of trust, securi�y deeds, security
<br /> a�r�ements, �inancing s�a�ements, continuatian statements. ins�ruments of fiurther assuranc�, certifica�es, and
<br /> ❑�her documen�ks as may, in the sale opinion afi Lender, be n�c�ssary❑r desirable in order ta effec�ua��, comp�e�e,
<br /> perfect, con�inue, ❑r preserve t�3 garrawer's and Trustor's obfigafiions under the Not�, this D�ed vf Trust, and
<br /> �he Rela�ed Documents, and �2� the liens and security interests crea�ed by this Deed of Trus� as firs� and privr
<br /> Eiens on the Prope�ty, whether now �wned or hereafter acquired by Trustar. Unfess prohibit�d by law ar Lender
<br /> agrees�to the contrary in wrifi�ng, Trust�r shall re�mburs� Lender for all costs and expenses incurred in �onnec�ion
<br /> wi�h the matters refierr�d to in this paragraph.
<br /> At#orney-in-Fact. If Trustor�ails to dv any of the things referred fo in the preceding paragraph, Lender may da so
<br /> fvr and in the name af Trustor and at Trustvr's expens�e For such purp�ses, Trustor hereby irrev�cahly appoints
<br /> Lend�r as Trustvr's attorney�in-fact for�he purpase af mal�ing, executing, deliWering, �iling, recording, and doing ali
<br /> oth�r things as may be necessary or desirab[e, in Lender's sole opinion, to accomplish �he rna�ters referred to in
<br /> �he preceding paragraph.
<br /> FULL PERF�RIVIANCE. lf Borrvwer and Trustor pay all the lndebtedness, including without limitation all future
<br /> advances, when due, and Trustor otherv►►ise performs all the vbligations impased upan Trustar under�hEs aeed ofi Trus�,
<br /> Lender shall execute and deli�er to Trustee a request �or full re�onveyance and sha11 ex�cute and deliver tv Trusf�r
<br /> sui�able s�a�em�nts of termination of any finan�ing statemen� on fi[e e�idencing Lender's security interes� in the Rents
<br /> and �he Persanal Praperty. Any recon�eyance fee requir�d by law shall b� paid by Trustor, if perm�t�ed by applica�le
<br /> law.
<br /> EVENTS aF DEFAULT. Each ofi th� following, at Lender's aption, shafl constitute an E�en� of De�Faul� under this Qeed
<br /> of Trust:
<br /> Payment De#ault. 6orraw�r fails to make any payment wh�n due und�r the Indebtedness.
<br /> D�kher De�aults. Borrow�r or Trustor �ails to com�ly with or ta perform any other term, ohIigation, co�enant vr
<br /> condition con�ained in this Deed of Trus�or in any �f the Related Dacuments vr to comp�y with or to perfarm any
<br /> term, obligatian, covenant�r conditi�n cantained in any oth�r agreement be�ween Lender and Borrower�r Trustor.
<br /> Cnmplian�e Default. Failure to comply with any o�her term, a�ligat�on, co�enant or condition contained in this
<br /> De�d of Trust,the No�e ar in any of the Related aQcumen�s.
<br /> De�ault an �ther Payments. Faiiure af Trustvr wi�hin th��time required by this C]eed�f Trust ta make any payment
<br /> far tax�s vr insurance, or any a�her payment necessary to pr�Went f[I�ng ofi or to effect discharge of any lien.
<br /> False Sta�ements. Any warranty, repr�sentation ❑r statemen� made �r furnished to Lender by BorrQwer or Trustor
<br /> or on Bor�-ower's vr Trus�vr's behalf under this De�� �f Trust or the Rela�ed Do�umen�s is false �r misl�ading in
<br /> any mafierial respect, either now �r at the time made or furnish�d vr becomes fals� or mis[eading at any �im�
<br /> therea�te�.
<br /> Defec�i�e Collateraliza�ion. This ❑eed af Trust vr any of the Related Documents ceases �o be in �ul� force and
<br /> effec� (Encluding failure of any c�llafieral d�cumen� fv create a va[id and per�Fected se�urity in�eres� or lien) at any
<br /> time and for any reason.
<br /> fnsolWency. The diss�lut��n vr termination of the Trus�� the insol�ency of Borrower or Trustor, the appointment ofi
<br /> a r�cei��r fvr any par�of 6vrrower's or Trustor's prvperty, any assE�nment fvr�he benefi�of credi�ors, any type of
<br /> credi�or work�ut, or the �ommencement af any pr�oce�ding under any bankruptcy or insolWency laws by or a�ainst
<br /> gorr�w�r or Trustvr.
<br /> Cred�tor or FBrfei�ture Prace�dings. Commencem�nt vf for�c[osure �r forfei�ure praceedings, whe�her by judicial
<br /> proceeding, sel�-h�fp, repossession �r any nther method� by any credit�r of Borrower or Trustor ar by any
<br /> goWernmental agen�y against any praperty securing fihe Inde�tedness. This includes a garnishment of any ofi
<br /> gorr�vuer's or Trus�or's accaunts, including depasit a�c�unts, wi�h Lender. Howe�er, this E�ent o� �efaul� sha�l
<br /> not app�y if ther� is a gaod faith dispute by Borrower or Trustor as �v the validifiy vr reasona�l�ness o�the c�aim
<br /> which is�he basis of the cr�ditar or fiorfei�ure proceed�ng and ifi Borrow�r or Trustor gi�es Lender►n►ritten notice of
<br /> the creditor vr forf�i�ure proce�ding and deposits with Lender monies �r a surety bond for the creditor ar f�rfeiture
<br /> proceeding, in an amount determin�d by Lender, in ��s sale dis�retian. as b�ing an adequate reser�e vr bond for the
<br /> dispute.
<br /> Breach of Dther Agre�menf. Any b�each �y 6orrower vr Trustor under the terms of any ather agreement b�tween
<br /> Borrotinrer or Trustar and Lender �hat is not remedied within any gra�� period pr�vided therein, in�luding without
<br /> limitation any agreement con�erning any indebtedness or other obli�ation of Borrawer or Trustor to Lender,
<br /> wheth�r existing now or later.
<br /> E�ents Aff�cfiing Guaran�or. Any of�he preceding e�ents occurs w�th respect ta any guarantor, �ndorser. surety,
<br /> or accommodation par�y of any of �he Indebtedness vr any guarantor. �ndorserf surety, or accammodation party
<br /> di�s or bec�mes incomp�t�nt, or rev�kes ar dispu�es the �a�idity afi, or lia�ility under, any Guaranfiy of �he
<br /> Indebtedness.
<br /> Adverse Change. A mat�rial adverse change occurs �n Borrawer's or Trustor's financial condition� or Lender
<br /> belie�es fih� prospect of payment�r perfarmance o�the Indebtedness is impaired.
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