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��14�7�95 DEED �F TF�UST L�an Nv: '1�'l�g13�� {Carlt�nued� Page 6 perfect, continu�, o� preser�e �� Trustor's obliga�ians under the Nofie, this Deed a-� Trus�, and �he Related D�cuments, and �2} the liens and se�urity interests �reated by fihis �3eed o�Trust as �irst and prior liens vn �he P�-operty, whether now owned ❑r hereafter acquired by Trus�or. Un�ess prohibited by law or Lender agrees to the contrary in wri�ing, Trustvr shall reFmburse Lender �ar all cos�fis and. expenses incurred in conne�tion with the matters re€erred to in fihis par-agraph. A�kvrney-in-Fact. I�Trustor fiails fia do any of the�hings refe�red to in �he preceding pa�-agraph, Lender may da s❑ far and in the name ❑f Trustor and at T�us�or's expense. For such purposes, Trustar hereby i�-re�a�ably appoints Lender as Trustor's at�orney--in-tact for the purpase❑f making, exe�uting, deli�ering, �iling, recording, and d�ing.all o�her�hings as may be necessary ❑r desirable� in L�nder's sale ❑pinion, to accomplish the matters r�ferred �a in �he preceding paragraph. � FULL PERFaRMANCE. lf Trustor pays a!I the [ndebtedness, including wi�hou�limitation a�� future advances, when due, and ❑therwise per�orms a�[ the obligativns impased upon Trustar under this D�ed of Trust, Lender shall execute and deii�er �o Trus�ee a request far full recan�eyance and shall exeGufie and de�i�er ta Trus�or sui�tahle sta�ements o� �erm�nat�on of any �financing statement ❑n file e�idencing Lender's securi�y interest in the Fients and fihe Persanal Property, Any re�on�eyance fee required 1ay law shaE� be paid hy Trustor. ��permi�ted hy applicable�aw. EVENTS �F DEFAULT. Each a�r the following, at Lender's ❑p�ion, shall constitu�e an E�ent of Defaulfi under this Deed vf Trust: � � � Payment Defau�t. Trus�a�-fails to make any paymen�when due under the fndebtedness. , ��her Defaults. Trus�vr �ails to comp�y with ❑r tv perfvrm any o�her term, ahliga�ivn, c�venant ❑r condifiion can�ained in this l�eed af T�ust or in any o� the Related Documents or to c�mp�y wi�h ar to perform any term, � ❑bltgativn, co�enant❑r condi�ion cantained in any ather ag�-eement between Lender and Trus�or. Com�l�an�e Default. Failure t❑ camply with any ather term, ahligation, co�enan� ❑r condition con�ained in �his Deed af Trust,the Note or in any❑f�he Related Documenfis. ❑efault on �fher Payments. Failu�-e ❑f Trustar wi�hin the�ime required by�his Deed af Trust to make any payment �or taxes vr insurance, �r any other paymenfi necessary�v pre�ent fil�ng af ar t❑effect discharge o#any lien. False S�atements. Any warranty, represenfiation ❑r stafiement made or furnished t❑ Lender by Trus�or ar an Trus�or's behalf under this Deed ❑fi Trusfi vr�he Related ❑ocuments is false or misfeading in any material respect, either now❑r at the fiime made�r furnished ❑r becomes false or mis[eading a�any fiime�hereafter. Defec�ive Cvllateralizatian. This Deed of Trust or any ❑f �he Rela�ed Documents ceases to be in full force and . effect �inciuding �failure of any collateral dv�ument�o create a �alid and perfe�ted securi�y interest or lien} a� any � �ime and for any reasan. Inso��ency. The dissalutivn or termination ❑f Trustor's existencs as a gaing business, �he �nsol�ency ❑fi Trus�vr, �he appvintmenfi o� a recei�er for any part of Trustvr's property, any assignment#vr�he benefi� of creditars, any type of creditor workaut, a�-�he commencement c�f any praceeding under any bankruptcy or Ensvf�ency laws by or i against Trustor. . � Creditor or Far�ei#ure Prviceedings. Commencement o� �oreclosure �r �Forfei�ure proceedings, whether �y judicial praceeding, se��-help, repvssessian ❑r any o�her method, by any creditor v-�Trus�ar❑r by any ga�e�nmental agency against any property securing fihe lndehtedness. This in�ludes a garn�shment of any ❑f Trus�or's accaunts, including d�posit ac�ounts, w��h Lender. H�we�er, this Event of ❑efauit shall nvt apply if�here is a gavd faith dispute t�y Trus�or as to-�he �a�Edity ❑r reasonableness ❑�the c�aim wh�ch is the basis af the cr�ditor or�orfeiture proceed�ng and if Trus�or gives Lender wri�kten natice o� fihe credi�vr ar fvr�ei�ure proceeding and dep�sits wifih Lender monies or a surety bond for the creditvr or��rfei�ure prviceeding, in�an amount determined by Lender, in its sole discr��ion, as being an adequate reserve or bond far�he dispute. Breach o��her Agreement. Any brea�h by Trus�vr unde�-the terms v�any nther agreement between Trustv�-and Lender tha� is no� remedied wi�hin any gra�e period prouided thereinr including wi�houfi limitation any agreement concerning any indebtedness or��her obligation a�Trusfio�to Lender,whether existing now or fa�ker. Events Affe�ting Guarantor. Any ❑fi�he preceding e�en�s �ccurs wi�h respec�t� any guarantor, endors�r, surety, ar accommodation party of any n�the lndebtedness or any guarantvr, endorser� surety, ❑r acc�mmadat�on party dies or becomes incompetent, or re�okes ❑r disputes fihe Walidity of, or lia�i[i�y under, any Guaran�y o� �he Indebtedness. Ad�erse Change. A ma�erial ad�erse chang� occurs in Trus�or's �inancial cvnditian, ar Lende�- helieves �he prospect o�F paymen�❑r per�vrmance v�the �ndeb�edness is impaired. lnse�urity, Lender in good faith belie�es itself insecure. Righ�tv Cure. If any de�aul�r ❑the�-than a default in payment is �urab�e and tf Trus�or has nvt been gi�en a noti�e of a breach v�the same pra�ision��his Deed v�Trus�wi-khin the pre�eding�welve ��2} months, i�may be cured if Trustvr, after Lender sends writken n��ice ta Trustor demanding cure af such defauEt: �1} cures the de�ault wE�hin . fifteen {�5} days; ❑r �2y if fihe cure requir-es more than fifteen {�5y days, immediately initiates steps wh��h Lender deems in Lender's sole dEscretivn to be su�fficient�o �ure the defaul� and fihereafter continues and comp[etes all reasonable and ne�essary steps sufficienfi�❑prflduce�omp�iance as svon as reas�na��y practica�.