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��14�77�� C�EEC3 �F TRUST - Lvan Nv: �07 28�3�0 - tCont�nued} Page � perfec�, Gantinue, or preser�e {�} Trustor's ahligatians under the Note, �khis De�d o� Trust, and the Re[a�ed Documents, and �� the liens and securi�y in�erests �reated by this Deed of Trust as �irst and pri�r iiens an the Praperfiy, wh�ther now awned ❑r hereafker a�quired.by Trustor. Uniess prohibi�ed by law or Lende�-ag�-ees to the con�rary in writing, Trustar shall re�mburse Lender �or a[E Ca5�5 and expenses incurred in cann�ctian wi�th the mat�ers referred ta in�his paragraph. Attorney-in-Fact. lf Trusfior�ails to da any o��he things referred ta in�he preceding paragraph, Lender may d❑ so for and ;n the name of Trusfior and at Trustor's expense. For such purposes, Trustar hereby irre�ocahly appaints Lender as Trustor's a�ttarney-in-fact�ar the purpvse❑f making, executing, deli�ering, filing, reca�-ding, and doing all v�her things as may be necsssa�-y or desirabfe, in Lender's sole opinion, �o accomplish th� matters re�Ferred to in the pre�ed�ng parag�-aph. _ FULL PERF�RMANCE. lf Trusto�-pays a![the Indeb�edness, in��uding wFthau�k[imitatian all future ad�ances, when due, and vtherwise perf�rms all the ❑bligations imposed upon Trustar unde�- this I�eed of Trus�, Lender shall execu�e and deli�er �ko Trustee a request �or �ull recon�eyance and shall execu�e and deli�er to Trus�ar suitable sta�emen�s of �erminafiion a� any finan�fng s�a�emen�k on file ��idencing Lender`s security interest in the Ren�s and fihe Personal Prope�ty. Any recon��yance fee required by iaw shall he paid by Trus�ar, if permitted by applicable law. EVENTS DF DEFAULT. Each ❑f�he �following, at Lender's ap�ivn, shal� consti�ute an E�ent vf Default under this Deed ' of Trust: i Payment De�fault. Trusfivr�aits to make any paymen�when due under�he lndebtedness. � � ��her ❑efau�ts. Trustor fails to cvmply with ar t� perform any v�her term, vbligation, co�enant o�- condi�ion � contained in �his Deed of Trus� ❑r in any �f the R�lafied ❑ocumen�s ❑r to camp�y with or ta per�orm any �erm, , abligatian, co�enant�r condifiivn contained in any other agreemen�k between Lender and Trustor. ' Gompliance Default. Failure �❑ compfy wi�kh any ❑ther �erm, ❑bC�gation, co�enant or condition cantained in �his Deed�f Trust,the Nate or in any vf the Related ❑ocuments. Defau[t on 0#her Paym�nts, Failure a#Trustar wifihin the fiime required by this ❑�ed of Trust to make any payment �or taxes or insurance, ❑r any other payment n�cessa�y to pre�en�filing of❑r to effect discharge af any lien. Faise 5ta�emen�s. Any wa�-ranty, rep�-esentation or statement made ❑r �urnished �o Lender by Trustor or �n Trus�ar's behaf� under�his Deed of Trust❑r the Related Dvcumen�s is faEse ❑r misleading in any ma�e�ia� respect, either n�w or at the time made v�-fiurnished or becomes false�r misleading at any time the�-eaf-�er. De��c�ive Collateraliza�ivn, This ❑eed af Trust ❑r any ❑f the Re�ated DoGuments ceases to be in �ull �orce and � effe�fi �inc[uding failu�-e a� any callatera[ documen�fiv creafie a va[�d and per�ected security interes� o� lien} a� any " � �im�and for any reason. � lnsolven�y. The dissolutian or termina�ian v�Trusfivr's exis�ence as a going business, �fihe inso��ency of Trustor, �he appaintment of a recei�er�ar any part ❑f Trustor's �roperty, any assignmen� f��he bene�i� ❑f credi�ors. any � type o�credi�or wa�l�out, or the �ommencement af any prviceeding und�r any bankruptcy or insof��ncy fa►nrs by or , agains�Trus�or. ' Credi�ar or Far�eifure Proceedings. Commencement af fareclosu�-e ar forfeiture praceedings, whe�her by judtcial proceeding� s�ff-help, repassessian ar any v�her method, by any�redit�r o�F Trustor❑r by any go�ernmenta! agen�y against any property securing the lndeb�edness. This inc�udes a garnishmen� of any of Trus�or's ac�ounts, � including deposit accounts, with Lender. Hvwe�er, this E�ent af ❑efiau�t shal� na� apply it there is a good fiaith dispufie by Trustor as to the �alidi�y or reasvnableness o�th� claim which is the hasis af the c�-editor or forfeiture proceeding and i� T�rustor gi�es Lender written n�tice ❑� the credit�r ❑r farfeiture proceeding and depvsits with Lender mvnies ar a sur�ty band far the creditor a�-�orfeiture proceeding, in an amaunt determined by Lender, in its : sole discre�ion, as being an adequate reser�e❑r bond for the dispu�e. Breach vf�ther Agreement. Any breach by Trus�nr under the�kerms o�any o�her agreem�n�between Trustvr and Lender that is na� remedi�d within any grace period pro�ided fiherein, including wi�hvut limitatian any agreement c�ncerning any indebtedness❑r o�her abrigation of Trus�or ta Lender,whether existing now vr f a�er. E�ents Affecting Guaran#or. Any of�he p�receding eWents o�curs with respec�to any guarantor, endvrser, surety, ❑r accommodation party o� any o�fihe lndelatedness v�- any guarantor, endorser, surety, ❑r accvmmoda�ivn party dies or becomes Encompetent, ��- re�okes �r disputes the �a�idi�y o-�, or liability under, any Guaranty ❑f the Indebtedness. � Adverse Change, A mat�rial ad�erse change vccurs in Trustar's �inancia� condition, or Lender belie�es �he prospect❑f payment vr performance o��he Indebtedness is impaired. lnsecurity. Lender in gaad faith belie�es itsel�insecure. Righ#to Cure. ��any defau�t, other�than a de�fauEt in paymen�is �urable and if Trustar has no#been gi�en a no�ice - o�r a breach o�the same pro�isEvn❑�this �eed of T�-ust w�thin th� preceding twe[We ��2} manths, it may be�ured if Trustv�r, after L�nder sends writ�en no�ic�to Trusfior demanding cure❑�F su�h defauft: �"[} cures the defaul�within fifkeen t�5� days; vr �2� if the cure requires more than�Fi#teen {'I 5} days, immediately initiates steps which Lender deems in Lender's sale discre�ion to be su�fi�ient to cure th� defaul� and therea#ter con�inues and cvmp�etes al1 reasanaE�f�and necessary s�teps sufficient tv produce complian�e as soon as reasona}�ly pra�tical.