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��14�77�� DEED �F TRUST � Lvan Nv: '1 D'i�$'13�9 {Continued} Page C perfect, can�inue, ❑r preserve {�� Trustar's ohligatians under the Note, �his a�ed v� Trust; and the Rela�ed aocuments, and �� the liens and securi�y in�erests �rea��d by�his ❑eed o�Trus�as first and prior iiens on fihe Property, whethe�-now awned or hereafter acqui�ed by Trustvr. Unless proh�bi�ed by law ❑r Lender ag�-ees fia the �antrary in writing, Trus�ar shall reimburse Lender �o�- all costs and expenses incurred in connectivn with the matt�rs referred t❑ in�his paragraph. � Attvrney-in-Fact. lf T�-us�vr fails�❑ do any af�he th�ngs re�ferred to in the preceding pa�-agraph, Lender may do so far and in�he name ❑f Trus�or and at Trus�ar's expense. For su�h purposes, Trustor hereby irrevocably appoints � Lender as Trustor's at�orney--in-fact for�he purpose of making, executing, deli�ering, �i[ing, re�ording, and doing a�t afiher�hings as may be necessary ❑r desira�Ee, in Lender's sole apinivn, �o accomplish the matters referred to in the prec�ding paragraph. � FULL PERFDRMANCE. I�Trustor pays all the Indebtedness, including rrvi�hout�imi�atEan a�!future ad�ances, when du�, and ❑therwise performs all fihe abfigations Empvsed upon Trus�vr under �his aeed af Trus�, Lender shall execute and deli�er tv Trus�ee a �-equest far ful� recon�eyance and shalf execufie and deli�er ta Trusfivr sui�able sfiatements ofi termination of any financing s�a�emenfi ❑n �ile evidencing Lender's secu�-ity interest �n the Rents and �he Persona! Property. Any re�vn�eyan�e fee required by!aw shall J�e paid 1oy T�ustvr, if permitted by applicable law. EVENTS �F DEFAULT. Each of fihe �vllowing, afi Lender's ap�ianr shall consfiifiu�e an E�en� ❑� I�efaul� under this Deed j of Trust: � � , Paymen�Defau��. Trustor�ai�s to make any paymenfi when due under the �ndebtedness. i Dfiher Defaults, Trustor �ails to cvmply wi�h or to perfvrm any o�her �k�rm, obligatian, co�enant or condition cvn�ained in this Deed of Trust or in any vf the Related aocuments ❑r �o �omply Wf�r! or to perform any term, obligation, co�enant or condition contained in any o�her agreement betwe�n Lendsr and Trustvr. � Gompiiance Default, Failure to camp�y with any v�her term, abligativn, cv�enant ❑r cvndition con�ained in this Deed ❑f Trust,fihe No�e vr in any of�he Related Documents. Default an�ther Payments. Faifure of Trustor w�thin the t�me required by�his ❑eed ❑�f Trus��❑make any paymen� • #or taxes ar insurance, or any❑ther payment n�cessary�a prevent��ling o�❑r to effect discharge v�any lien. False S�atements. Any warran�y, representation ar stafiement made ❑r :�urnished fio Lender by Trustor or an T�ustor's behalf under th�s ❑eed o�Trusfi vr the Related Dacumen�s is false or mis[eading in any ma�e�ial respect, � either naw�r at the time made v�-furnished�r becomes false or mis[�ading at any time ther�after. Defec�ive Cvlla#eraliza�ion. This Deed ❑f Trust vr any ❑f the Related Dv�umenfis �eases ta be in full �vrce and ef�e�t �inc[uding failure ❑-� any cvllafie�-ai document ta create a �ralid and per#ected securi�y �n�e�res� ❑r lien� at any �ime and-�ar any reason. �nsvlvency, Th� dissolution ❑r te�minat�on ❑f Trustar's existence as a going business, �he insol�ency ❑f Trustor, { �he appoinfiment ❑� a recei�er�or any part�❑f Trustor's prvperty, any assignment�or�he benefit of creditors, any �ype ❑�credi�or workou�, ❑�-the cammencemenfi vf any proceeding under any bankru�tcy�r insol�en�y laws by ar ; aga�nst Trustor. ; Creditar �r Far�ei�ur� Prviceedings. Commen�emenfi v� �vreclosure vr farfeiture proceedings, whe#her by�udi�iaE � pro�e�ding, se�f-help, �epossession or any o�her me�khod, by any credi�or vf Trustor❑r by any go�ernmental agen�y � agains� any praperty securing the lndebtedness. This includes a garnishment vf any vf Trusfior's accounts, including deposEt a��aun�fis, w�th Lender. HaweWer, this E�en� of ❑e�ault shall not app�y i#there is a goad �ai�h dispute by Trus�or as �ka �he Wa�idity or reasvnableness ❑�the claim whi�h is�he basis o#the credi�ar ❑r��rfeiture proc�eding and i� Trus�vr gives Lender writ�en noti�e a-� the creditor ❑r forfeiture proce�ding and depasi�s wi�h Lender manies or a sure�y bond far the credi�ar❑r fvr��ture prviceeding, in an amvunt de��rmined by Lender, in its sole discretion, as heing an adequa�e reserve❑r bond�o�th�dispute. Breach of�thex Agreement. Any breach by Trustor under the fierms ❑�any ather agreement betw�en Trus�or and Lender�ha� is nat remedied within any grace period prouided �herein, incfuding without limi�ation any agreement c�nc�rning any indebtedness or other obl�ga#ivn of Trustor-�v Lender, whe�her�xisting nvw❑r fater. E�ents Affecting Guaran�vr. Any a��he preceding e�ents occurs with respect�v any guarantor, endorser, surety, or acc�mmadation party of any ❑f�he Indeb�edness vr any guarantor, endarser, surety, �r acc�mmodati�n party dies or becomes incompeten�, or re�okes or disputes the �alidity o�, or liabi�ity under, any G uaranty o� the �ndebtedness. Adverse Change. A mate�ial adverse change occurs in Trustor's �inancial candE�ion, or Lender belieWes the � prosp�ct a�payment❑r per�ormance❑�f�he lndebtedness is impaired. Insecurity. Lender in gvad faith belieWes�tself insecure. Right tv Gure. lf any detaul�, other than a default in payment is curable and i-�Trustar has not�een giW�n a nvtice ' of a breach o�the same pro�ision of�h�s �3eed of Trust wifihin the preceding twei�e {"C 2} manths, �t may be cured i� Trustor, after Lender sends wr�tt�n nvtice to Trustor demanding cure o#such defauit: {�} cures the default within fifteen ��5} days; or �2} if the �ure requires mvr�than fifte�n �15} days, immediatefy initiates s�eps which Lender deems in Lender's sale discr�ti�n to be su#-�icient to cure the default and thereafter can�inues and comple�es ai� reasonab�e and necessary steps su�ficient tv produ�e campliance as svon as reasona�ly practical.