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��15����3
<br /> DEED �F TRUST
<br /> Lvan No: '�a1�g��65 ��C�ntinued} Page �
<br /> Lender as Trustor's a�torney--in--�act�or the purpvse a�making, executing, deli�ering, �iling, re�ording, and d�ing a�t
<br /> � other things as may b� necessary ❑r desirable, in Lender's sole opinivn, ta aGcomplish the matters referred to in
<br /> � the preceding paragraph.
<br /> FULL 'PERF�RMANCE. 1�F Barrawer and Trustvr pay all �he lndebtedness, including w�thout �imi�atinn a�� fu�ur�
<br /> ad�ances, when due, and Trustor�therwise per�orms a�l�he ob��ga�ivns imposed upon Trustor under�his Deed ❑fi Trust,
<br /> . Lender sha1� execute and d�li�er to Trustee a request for fu11 rec�n�eyance and shall execute and del;�er �❑ Trustor
<br /> suitable sta�ements ❑fi�ermina�ion v� any financing statemen�❑n file e�idencing Lender's secur�ty interest in�he Ren�s
<br /> and fihe Persvna� Prvper�y. Any recon�eyance �ee required by law shalf be paid by Trus�kor, �� permitfied by applicable
<br /> �law.
<br />� EVENTS �F DEFAULT. Each of the �fvllowing, at Lender's optivn, shall �onstitute an E�en�❑� I�e�ault under�his Deed
<br /> of Trust:
<br />� Paymen�Defauit. gvrrower fiails�o make any payment when due under th� 1ndel�tedness.
<br /> �fiher Defaufts. Barrvwer or Trustvr fa��s to �vmply with ❑r �o perform any o�th�r term, ❑hligativn, ca�enant ar
<br /> • �ondition contained in this Deed ❑�f Trust o�in any of the Relafied ❑oGuments or to camply with ❑r to perform any
<br />' term, obligafiivn, cv�enan�or cvndition�ontained in any othe�-agreement between Lender and 6orrower or Trus�or.
<br /> Compliance De�fau�t, Failure to camply wi�h any o�her term, obligation, cavenant ❑r condi�ion �ontained in fihis
<br />, Deed of T�us�,the No�e or in any of the Rela�ed ❑ocumen�s.
<br /> De�auifi on ��her Paymen�s. Failure❑f Trustar wifihin�he time �equired by�khis ❑eed ❑�f Trust to make any payment
<br /> �Fvr�axes or insurance, or any�ther payment necessary tv pre�en�filing of or t❑effect discha�ge of any lien.
<br /> False 5#a��ments. Any warran�y, repres�nta�ion or sfiatement made vr furn�shed�o Lender by gorrowe�-or Trustvr
<br /> or on Svrrower's or Trus�or's beha�f under this aeed af Trust or�he Related Documents is fafse or misleading in
<br /> any ma�keria� respect, either now ❑r at �he time made ❑r furnished or hecomes �a�se or misleading a� any time
<br /> thereafter.
<br />� Defective Collateralization. This Deed of Trust �r any �f the Related Do�umen�s ceases tv be in fui� force and
<br /> e�ffect {inc�uding failure vf any cv��ateral documen�fiv create a �alid and pertected security interesfi or lien} at any
<br /> �ime and fv�-any reas�n. .
<br /> Death or insoi�ency. The death of Borrower a�-Trusfivr, the insol�ency of Borrawer or Trus�or, the appvintment❑f
<br /> a receiver��r any par�of Bo�-row�r's ❑r Trus�kor's proper�y, any assignmen��or fihe bene�Fit❑�credi�ors, any�yp� o� ,
<br /> creditor wvrkvu�, or�he commen�emen�t❑f any prviceed�ng under any bankrup�cy❑r insol�ency laws by or agains�
<br /> � Borrower or Trustor.
<br /> Creditvr or For�eiture Prviceedin�s. Cammencement of fareclasure ar fvrfeiture prv�eedings, whether by }udicial
<br /> proceeding, selfi�heip, repossession vr any vfiher methvd, by any �reditor of 6orrower or Trustar v�- }�y any
<br /> gv�ernmentaE agency agains� any property securing �he lndebtedness. This includes a garnishmen� ❑� any ❑f
<br /> Barrawer's or Trustar's accaunts, including deposit accaunts, w�th Lender. Hvwe�er, �his Event �f Ue�au�t shal[
<br /> not apply i�fihere is a gvvd faith dispute by Borrower ❑r Trus�vr as �� �he �alidi�y or �-easvnah�eness of the c�aim
<br /> whi�h is�he basis of�he credi�vr or forfei�ure proceeding and if Bvrrvwer❑r Trustor gi�es Lender written nvfii�e ofi
<br /> the creditor or forfeiture proceeding and deposi�s wEth Lender monies or a su�-e�y band�or the creditor o�-forfeiture
<br /> p�-oceeding, �n an amount defiermined by Lender, in ifis soie dis�re�ion, as k�eing an adequate reser�e vr hond�far the
<br /> dispu�te.
<br /> Breach of Qther Agreemen#. Any hreach by gvrrower or Trustor under the�kerms af any❑�her agreemen�betw�en
<br /> Bvrrvwer vr Trustar and Lender that is nat remedied within any grace period prvvided therein, inc�uding without
<br /> limita�ivn any agreemen� cvn�erning any indeb�edness or other ob�igation of gvrrower ❑r Trustar t� Lender,
<br /> whether existing now or la�er.
<br /> E�en�s A-ffecting Guaran�vr. Any vf fihe pre�eding e�ents oc�urs with respect�o any guaran�or, endorser, surety,
<br /> or accommodation party af any af the �ndelatedness o� any gua�ant�r, endorser, surety, or accammvdat�on party
<br /> dies �r becomes incompe�ent, ar re�okes or dssputes the �alidity of, or {iabili�y under, any Guaran�ty ❑f the
<br /> lnde�tedness.
<br /> Ad�erse Change. A material adverse change accurs in gvrrvwer's nr Trust�r's financFal conditivn, ❑r Lend�r
<br /> he��e�es the prospe�t of paymen�or per�vrmance of�khe lndebtedness is impaired.
<br /> �nsecurity. Lender in good�ai�h belie�es itself insecure.
<br /> Right to Cure. l�any de�aul�, vther than a default in payment is curab[e and i�T�-ustor has no�been g�ven a nvfiice
<br /> v�F a breach of the same prflvision of�khis �eed of Trust within the preceding twel�e {�2} manths, it may be cured if
<br /> Trustor, after Lender sends written nvfiice �❑ Borrvwer demanding cure of such de�fau[t: ��� cures the defau�t
<br /> within�ifteen {�5� days; �r �2} i�f�he cure requires more than�ifteen �"€5} days. immediately inEtiates s�eps which
<br /> Lender deems in Lender's sale discre�ian to be su��icien� �v cure the default and �kher�afker cantinues and
<br /> comp[efies a11 reasanab�e and necessary steps su�ti�ien��a produce cam�lEance as soon as reasonably practi�al.
<br /> RfGHTS AND REiVIED1ES �N I]EFAULT. !f an E�ent v� ❑e�aul�vc�urs under�his �eed ❑f Trus�, a� any�ime thereafter,
<br /> Trustee or Lender may exercise any❑ne❑r more of the following rights and remedies:
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