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<br /> �E�[� C�� �'R���
<br /> Loan Na: 'I�'!�8�4�4� �Cantinu�d� Page �
<br /> Property. Any rec�nv�yance fee requir�d by!aw shall be paid by Trustor, if permitted by applicable law.
<br /> EVENTS aF DE�AULT. Each of the �ollowing, afi Lender's ❑ptivn, shall cvns�itute an Evenfi of f�efault under �his Deed
<br /> o�F Trust:
<br /> Paym�nt D�fault. Trustar fails to make any payment when due under�he Indebtedness.
<br /> �ther De�Fau�ts. Trustor fails t❑ comply with ar to per�arm any other �erm, abfigation, c�venant �r condition
<br /> contained in this ❑eed ❑f Trus� or in any o� the Related D�cuments vr to camply wi�h or to perform any term,
<br /> obligation, cv�enanfi ar condi�ion canfiained in any other agreem�nt be�rween Lender and Trus�or.
<br /> Complian�e De�ault. Failure t� camply wi'th any vth�r term, ❑bliga�ian, caWenan� or condition �ontained ir� this
<br /> Qeed ❑f Trust, the No�e �r in any❑f the Refa�ed Docurnen�s.
<br /> Qefault art �ther Payments. Failure �f Trus�ar withEn the time requirad hy this a�ed o�7rust to make any paymen�
<br /> for tax�s or insurance� �r any��her payment ne�essary�a pre�ent fil�ng of or ta eftect discharge af any iisn.
<br /> False Statements. Any warranty, represen�ativn �r statement made �r furnished to Lend�r �y 7rustor ar an
<br /> Trustor's behalf under this Deed of Trus� ❑r the Related Da�uments is false �r misleading in any material r�spect,
<br /> efth�r nvw ar�t�he time made vr furnished ar becames �aise br misleading at any time therea�ter.
<br /> Defe�t�ve Collaterali�ation. This Deed ❑f Trust or any of the Rela�ed aocument� �eases ta be in fu�l force and
<br /> �fi�ect �including faifure af any callateral docum�n� t� create a �alid and perf��ted se�uri�y int�r�st or lien� at any
<br /> time and for any reasQn.
<br /> C�eafih vr[nsol►rency. The d�a�h �f Trus�ar, the insolWency af Trustor, �h� appain�men�af a receiver#or any part vf
<br /> Trust�r's prvperty, any assignment �ar the benefit of creditars, any �ype ❑f Gr�dit�r w�rkout, or �he
<br /> c�mmencement af any proCeeding under any bankruptcy�r insol�ency laws by�r against Trus�ar.
<br /> Creditor �r Forfeiture Proceedings. Cammencemen� of foreclosure or forfeiture proceedings, whe�her by judicial
<br /> praceeding, selfWhelp, repossession ar any other method, by any cr�ditor of Trust�r ar by any go�ernmenta! agency
<br /> a�ainst any proper�y securing the Indeb�edness. This includ�s a garnishmen� ❑� any af Trustor's accoun�s,
<br /> in�luding depvsit a��ounts, with Lend�r. Hvwever, �his Even� ❑f Defaul� shal� na� apply if there is a ga�d faith
<br /> dispu�e by Trustar as t❑ the �aiidity or reasanableness of the claim whi�h is �he basis �f the �redi�ar or forfeiture
<br /> proceeding and if Trus��r gives L�nder written n�tice a� �he cr�di�ar �r forfeiture praceeding and depasits with
<br /> Lender moni�s or a surety �ond far the creditor or f�rfeiture proceeding, in an amount de�ermined by Lender, in its
<br /> sole discre�ion, as being an ad�quate reserve ar band far�he dispute.
<br /> 13r�ach v��ther Agreement. Any brea�h by Trus�or under the terms of any ather agreement b�t►nieen Trustvr and
<br /> Lender �hat is not remedied within any grace p�riod pro�ided therein, including wi�hout limita�ian any agreem�nt
<br /> �oncerning any indebtedness or o�her ab�iga�i�n vf T'rustor to Lender, whether existing naw ar la�er.
<br /> E�r�nts Affecting Guarantor. Any of#he preceding events ❑ccu�s with respect�o any guarantor, endorser, surety,
<br /> ar accomm�datian party vf any af �h� Indebtedness ar any guarantvr, endorser, sure�y, ar accammadatian party
<br /> dies �r b��om�s incampe�ent, or re�okes or disputes the va�idity of, or liabi[ity under, any Guaran�y of the
<br /> Inc�ebtedn�ss.
<br /> Adverse Change. A materia[ adverse change ❑ccurs in Trustor's financiai condi�ian, ar Lender be[ie�es �he
<br /> prosp��t af p�yment or p�rformance Qf the Indebtedness is impaired.
<br /> Inse�urity. Lender in�aod faith believes itseEf insecure.
<br /> Righ�ta Cure. If any default, other than a default in payment is curable and E�F Trustar has nat been gi�en a no�ice
<br /> of a breach of the same provisian of this ❑eed of Trust within the pr��sding fw�IWe ���� months, it may b�cured if
<br /> Trustar, after Lender sends writt�n natice ta Trustar demanding cure af such default: ��� cures the defauEt wi�hin
<br /> fifteen {15� days; or {�} if the cure requires more than fifteen �15f days, immedia�ely initiates steps wi�ich Lender
<br /> deems in Lender's sale discreti�n tv �� sufificient �❑ cur� the de�ault and �hereaf�er continues and completes all
<br /> reasanable and necessary steps sufficien�to prnduce Comp[iance as saan as reasanably practical.
<br /> RIGHTS AND REMEDIES �N DEFAULT. If an E��nt ❑f Default oc�urs under this Deed �f"��us�, at�ny time �h�reaft�r�
<br /> Trusfiee or Lender may exercise any❑ne ar mare ❑f the fallowing rights and remedies:
<br /> Acc�l�raf�on Upon Defau[t: Additivnal R�medies. If any EWent of Defaulf ❑ccurs as per the terms v�the N��e
<br /> s�cur�d hereby, Lender rnay declar� all Indebtedness s�cured hy this ❑eed of Trust to bs due and payable and
<br /> the same shall �hereupvn be�ome due and payabl� wi�hout any presentment, demand or pro�est vf any kind.
<br /> Thereafter, L�nder may:
<br /> �ay Ei�he� in person ❑r by agent, with ar v+iithout bringing any action ar praceedEng, or by a recei�er
<br /> appainted lay a �aurt and with�ut regard �❑ th� adequacy af its security, en�er upvn and take possessEon
<br /> of the Pro�erty, or any part thereaf, in its own name or in�h� name n�Trustee, and da any acts which it
<br /> deems necessary ar desirable to pres�rve the va�ue, mark�tability or ren�ability o�the Praperty, or part of
<br /> �he Property ❑r in�erest in the Proper�y; increase the income from the Prop�rty �r pra�kect the secu�i�y o�
<br /> the Property; and, with vr withnu� taking possessian of the Property, sue for ar otherwise �ollect the
<br /> rents, issues and prafi�s �f fihe Pr�perty, �ncluding those pas� due and unpaid, and apply the s�me, �ess
<br /> costs and expenses ❑f❑peratian and calfectian a��arneys' �ees,t❑ any indeb�edness s�cured by this D��d
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