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��14�43�1
<br /> � �EE� �F TF�UST
<br /> Loan Na: ��'��775�8 ���ntinued� Page �
<br /> Documenfis, and ��} the liens and security interests created by�his Deed vf Trust as first and pri�r liens on th�
<br /> Prflp�rty, whether now owned or h�reafter acquired by Trus�or. Un�ess prohib�ted 1oy law ar Lende� agrees �ko the
<br /> contrary in wri�ing, Trustor shall reimburse Lend�r �or al� cost� and e�cpenses incurred in connection with the
<br /> ma�k�ers referred ta in this paragraph.
<br /> Attflrney-in-Fa�t. If Trustor fai�s to do any of�he things referred to in fihe preceding paragraph, L�nd�r may do so
<br /> for and in the name of Trust�r and at Trustor's expense. F�r su�h purposes, Trustor hereby irrevacably appoints
<br /> Lender as Trustor's attarney-in-fac��or the purpos� of malcing, executin�, defi�ering, fi�ing, recording, and d�ing al!
<br /> o�her things as may be necessary or desirable� in Lender's sole vpinion, �o accomplish the matters referred to in
<br /> the prec�ding paragraphe
<br /> FULL PERF�Fi1111ANCE. If Trustor pays all th� Indehfiedness, inc�uding without limitation ali �u�ur� advances, when due,
<br /> and atherwis� perf�rms a11 the vbfigations imposed upon Trustar unde� �his Deed af Trust, Lender shafl execute and
<br /> deli�er �to Trus�ee a request f�r full recan�eyance and shall exe�ut� and de�iver ta Trustor suitable statemen�ts af
<br /> terminati�n o� any �inancing statement on fi[e e�idencing Lender's secur�ty in�erest in the Rents and the P�rsanal
<br /> Property. Any rec�n�eyance�ee required by law shall he paid by Trustar, if permi��ed by applicable lawe
<br /> EVENTS �F DEFAULT. Each of the f�llawing, at Lender's option, sha[I constitute an EWent �f ❑efault un�er�his ❑eed
<br /> of Trust:
<br /> Payment Defiault. Trustor fails�❑ make any paymen�wh�n due under the lndebtedness.
<br /> �ther Dgtaults. Trustor fails �o camply with or fio perf�rm any ❑th�r fierm, ❑bfigafiian, cov�nant or c�ndition
<br /> contained in �his Deed ofi Trus� or in any of the Rela��d aocum�n'�s or �o comply wifih or �o perform any term,
<br /> �bl�ga�ion, cv�enant or condit�on contained in any�ther agreem�nt be�ween Lender and Trus't�r.
<br /> Compliance Default. Failure to cvmp[y with any a�her ferm. oblE�ati�n, ca�enan� or conditian can�ained in this
<br /> Deed af Trust,the Not�ar in any o�F the Related Documents.
<br /> Default vn flther Payments. FaEfure af Trustar within the tEme required by this De�d ��F Trust tv ma[�e any payment
<br /> for taxes or insuranc�. or any other payment n��essary�a prevent�iling of or ta e�F�ect discharge of any IEen.
<br /> Fa[se 5fatements. Any warranty, repr�senta�ion �r statemen� made or furnished t� Lander by Trustor or an
<br /> T�-ustor's behalf under this Deed af Trust nr the Rela�ed Do�umen�s is false ❑r misleading in any mat�rial respec�t,
<br /> either naw or at the time mad�or furnished or b�comes false or misleadin� at any time thereaf�er.
<br /> Defecti�e Cvllateralization. This f�ee�l af Trust or any of the Reiated Documents ceases to be in fu![ fi�rce and
<br /> efifect {including fai[ure of any c�lEat�ra! �locument to creat� a �alid and perfec�ed se�urity interest or lieny at any
<br /> time and for any reasar�.
<br /> D�a�h or lnsvl�►ency. The death of Trustor, th� insolvency o�Trustor, the appaintment of a recei�er far any parf of
<br /> Trus�ar's property, any assignment far the benefi� of credit�rs, any type of creditor workout, or the
<br /> commen�ement of any proceeding under any bankruptcy or insol�ency laws hy or against Trustor.
<br /> �reditvr or Forfeiture Pra�eedings. Cammencement af for�c�osure �r forf�i�ure proceedings, whether by judic�al
<br /> pr�ceeding, self-�h�lp, repvssession�r any❑th�r method, by any�redit�r of Trustor�r by any governmenta[ agency
<br /> against any prvper�y securing �he lndebte�ness. This includes a garnishment o� any of Trustor's accounts.
<br /> in�luding deposi�t accounts, wi�h Lender. However� this ��en� ❑f D�fault shall na� apply if �here is a gvad fa�th
<br /> dispute by Trustar as to the Walidity or reasonahl�ness of the claim whi�h �s fihe basis af the creditor �r ��rfeiture
<br /> . _ _ _ ._p�-o�eed�n� and if Trusta� gives Lender written notice of the creditar or for�eiture pro�eedin� an� depasits with
<br /> Lend�r mon�es or a surety bond �vr the creditor ar f�rfeiture proceeding, in an amount determined by Lender; in its
<br /> sole discretion, as heing an adequate reser�e or bvnd far the disput�. -� - -
<br /> �reach vf Other Agreement. Any breach by Trust�r und�r the terms of any other a�reement between Trustar and
<br /> Lend�r that is not remedied within any grace periad pr��ided therein, �nc�uding without lim�tation any agreement
<br /> cancerning any indebt�dness or o�th�r obligation of Trustor to Lend�r, whe�her existing now vr later.
<br /> Events Affe�fing Guarantor. Any a��he preceding eWents occurs with respec�ta any guarant�r, endorser, surety,
<br /> or accomm�datian par�y af any of �he Indebtedn�ss or any guarantvr, endorser, surety, or accvmmodation party
<br /> dies or becomes in�ompetent, ❑r r��alces or disputes the �alidity af, flr liability under, any Guaranty vf the
<br /> lndebtedness.
<br /> AdWerse Change. A mat�rial ad�erse change vccut�s in Trustor's �Financia� candi�ian, or Lender believes the
<br /> prospect��payment or perforrnance of the lndebtedness is impaired.
<br /> Inse�urity. L�nder in gvod fai�h believes i�sel�insecure.
<br /> Existing Indeb�edness. The payment a�any instalEment �f principal or any interest �n the Exis�in� Inde��edness is
<br /> nat made ►rvithin the �ime required by the promiss�ry no�e eW�dencin� such indebtedness, or a defau�t occurs under
<br /> �he instrument s�curing such indebt�dness and is no� cured during any appli�abl� �race periad in such ins�rument�
<br /> or any sui�or❑ther action is��mmenced t�foreclose any ex�sting lien an�he Proper#y.
<br /> R�ght to Cure. l�any de�rau�t, �ther than a default in paym�nt is �u�able and if Trustar has no�be�n gi�en a notic�
<br /> of a �reach of the same provisi�n of�his ❑eed o�Trus�wi�hin the preceding twelv� ��2� man�hs, �t may be cured if
<br /> Trus�or, af�er Lender sends written n��ice tfl Trustor demand�ng cura �f such d�fault: {�y cures the default wi�thin
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