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��14�3559
<br /> DEED �F TRUST'
<br /> L�an N�: '��1275�54 {C�nt�nued� Page �
<br /> and th� Persvnal Praperty. Any recon�eyance fee required by 1aw shall be paid by Trustor, i� permitt�d by applicable
<br /> law.
<br /> EVENTS DF T]EFAULT. Each ot the fol�owing, a� Lender's option, shall cansti�tute an E�en� ofi ❑efau�t under�his Deed
<br /> of Trust;
<br /> Payment❑efau��t. Borrower faiEs�� mak� any p�yment v�rhen due under th� Indebtedness.
<br /> �ther Defaults. B�rraw�r or Trustor fails to cvmply with or to perform any ather term, ohliga�ion, coWenant ar
<br /> candition contained in this Deed of Trust or in any vf�he Related Dacuments or to camply with or �o perform any
<br /> �kerrn, ob�igation, co�enan�or condition contained in any vther agreemen�between Lsnder and B�rraw�r or Trustar.
<br /> Cvrnpliance Default. Failure to comply with any other t�rm, obligativn, ca�enant or candition cantained in this
<br /> ❑eed of Trus�, the Nvts or in any of fhe Rela�ed Da�umen�s.
<br /> Defautt on �ther Payments, Failure a�Trustar within�the time required by�this Deed a�F Trust�a make any payment
<br /> fvr�axes vr insuranGe, or any�ther paymen�n�cessary�o pre�ent filing o�or to effect discharge�fi any lien.
<br /> False Sta�ements, Any warran�y, repr�sentatian or statemen� mad�or furnished fa Lender by Borrower�r Trus�ar
<br /> or on Bvrrawer's vr Trustor's behalf under this ❑eed of Trust ar the Rela�ed Dvcum�n�s is fa�se ar misleading in
<br /> any rnat�ria[ respe�t, ei�her naw or at the time made vr furnished or �e�om�s fals� or misleading at any time
<br /> th�r�afit�r.
<br /> Defec#i►re Collat�ralizat�vn. This Deed o�f Trust ar any af �h� Related Docum�nts �eases to be in full torce and
<br /> effs�t �including failure o�f any cvlla�eral dacument to create a �alid and perfected secur��y int�res� or lien} at any
<br /> time and �Qr any r�ason.
<br /> D�ath or [nsal�ency. The dissolution o� Trusto�'s {rega�diess af whether �lection �� con�inue is made}, any
<br /> member withdraws from�h� limited liabElity�ompany, or any other�ermination at Borrow�r's or Trustor's exis�ence
<br /> as a goin� business or �he death �� any member, the insol�ency of Borr�wer ar Trust�r, the appointmen� vf a
<br /> r��eiWer for any part of Borr�►nrer's �r Trustor's properfiy, any assi�nment �or th� ben�fifi o� creditors, any �ype of
<br /> credit�r w�rk�u�, or�he commencemen�o�any prt�ceeding und�r any banl�rupf�y or insol�en�y iaws by or a�ains�
<br /> B�rrower�r Trustor.
<br /> Creditor ar Forfeitur� Prviceeciings. Camrnencement o� fflreclosure or �rorfeiture pra�eedings, whether �y judiciai
<br /> pro�eeding, self-help, repossessian �r any ather methad, by any creditor o�F Borrow�r or Trusto� ❑r by any
<br /> gvv�rnmental a��ncy agains� any property securing the [nde�tedness. This �ncludes a garnishment �� any af
<br /> g�rrower's or Trustor's a��ounts� including dep�sit accounts, with Lender. Howe�er, this E�ent ofi D�tault shall
<br /> nat apply if there is a good fai�h dispute by Borrawer or Trustor as to �he �alidi�y or reasona�leness vf the �laim
<br /> which is the basis o�the credi�or or far�feiture proceeding and if Borrower ar Trustor gi�es Lender wri�t�en n�tic� o�F
<br /> the creditor or forfeiture proce�ding and depvsits wi�h L�nder moni�s or a sure�y b�nd for the creditnr or forfeiture
<br /> prac�eding. �n an amounf determined by Lender, in its sole discretion. as �eing an adequate r�serve or bond for the
<br /> dispute.
<br /> Breach vf��her Agreement. Any breach by Barrower or Trustflr under�he terms o�any vther agr�ement hetween
<br /> Borrower or Trust�r and Lender that is not r�medied wi�thin any grace periad pravEded �herein, includ�ng without
<br /> limitation any agreemen� con�ernin� any indebt�dness �r ��h�r �b�igation af Borrawer �r Trustor to Lender�
<br /> - whether e�ist[ng n�w or latsr.
<br /> Events Af�ecting Guarantor. Any of the pre�eding eWen�s occurs with respect to any guaranta:�,..�ndorser, sur:ety,
<br /> or ac�omm�dation party vf any �f �he Indebtedness ❑r any guarantar, en�iorser, sur�ty, or accommodat�an party
<br /> - dies �r be�vmes incompe�ent, �r r�vokes or disput�s the �alidity o'�, or Iiabi�ity under, any Guaran�y of the
<br /> indebtedness.
<br /> Ad�erse Change. A material ad�erse change occurs in Borrower's �r Trustor's financial canditian, or Lender
<br /> b�[ieves th� prospect of payment or perf�rmance af the Indebtedness is impaired.
<br /> Insecurity. Lender in_go�d�Faith �elieWes itself insecure.
<br /> Right to Cure. lf any default, other than a�efaul� in payment is curable and ifi Trus��r has not been gi�en a notice
<br /> o�F a breach o�the same prQvision Qf this Deed of Trus�within the pre�eding twsl�e ���} man�rhs. it may be cured if
<br /> Trus�or, af�er Len�er sends written n�fii�e t❑ Borrnwer demanding �ure af such defau��: {�y cures �he default
<br /> wi�hin fifteen ��5} days; or {�� i��h� cure requires mare than �i�teen {15� days, immediately initiates steps which
<br /> L�nder deems in Lender's sole discretion to be sufficient to cure the de�ault and thereafter �antinues and
<br /> carnple�es al! reasvnable and necessary s�eps suf�Ficient ta pr�duce cvmpliance as soan as reasonab[y practical.
<br /> RI�HTS AND REN[EDIES �N DEFAULT. If an E�ent of Defaul�occurs under fihis De�� af Trust, at any time�her�a�fter,
<br /> Trustee or L�nder may exercise any�ne or�nore�f the f�[�owing rights and remedies:
<br /> Accelera�ion Upan Defauit: Additiona� Remedies. ��F any Event af Defau��t accurs as per th� terms vf the N�te
<br /> secured hereby, Lender may declare a�l lndebtedness secured by this Deed of Trust#o be due and payable and
<br /> �he same shall thereupon be��ms due and payable wi�hout any pres�ntment, demand, pratest or notice af any
<br /> kind. Ther�af�er, L�nder may:
<br /> �a� Either En persan or by agent, with ar vtirithoufi bringing any ac�ian or proceeding, or by a receiver
<br />
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