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��15��9�7 DEED �F TF�U�T' Loan Nod 7�1�85�78 ��on�i�ued� �'�ge � ❑f Trust: Paymen�Default. Trustor fails tv make any payment when due under the Indebtedn�ss. �ther Defau�ts. Trustar fa�is ta comply with �r tv perfarm any o�her term, obligatian. c�Wenan�fi ar candi�ion contained �n this Deed of Trust or in any of the R�lated Dacuments or to carnply with ar ta perform any ��rm, flbligatinn, cv��nan��r c�ndition con�ained in any��her�greement k�etween Lender and Tr�s'tvr. Complian�� C3efau�t. Failure to camply with any other term, vb[�gati�n, covenant or G4ndition �ontained in this Deed afi Trust, �he Note or in any�f the Related D��uments. 17e�ault on�ther Payments. Failure of Trustar within the time re�uired by this �eed af Trus�t�mak� any paymen� fvr taxes or insuranc�. or any a�h��payment n�c�ssar�fi� pre�ent fiEing ofi or t�e'Ffec�discharge o�any lien. False 5ta�ernentso Any warranty, r�presenfiat�on or statement made ar furnished �o Lender by Trustor or an Trustor's behalf und�r this Desd ��Trust or the Related D�cuments �s fals� �r misleading in any ma�eria! respe�t, either now or at the time made or�urnished vr becom�s talse or misleading at any time thereafter. ❑e�e��ive Cvllateral�za�ivn. This C3eed �f Trust or any �f �he Related Documents ceases t� be in full force and effect �including failure of any col�a�eral d�cument �a creat� a �alid and perfected security in�erest or li�n} a� any time and for any reasan. �eath ar InsQ{vency. The death o�Trusfivr, the insvl�ency�f Trustar.the appointment tif a receiWer far any part o� Trus�ar's pr�pe�ty, any assignment for the benefit of creditars, any type of credi�vr warkou�, vr the commencement vf any pro�eeding under any bankruptcy o�insal�ency la►rvs by or agains�Trustor. Credi�or vr For#eiture Prviceedingss Commencement vf foreclosure �r farfeiture proceedings. whether by judicial proGeeding, seE�f�help, repossessivn or any�ther methodr by any creditar of Trustar or by any governmental agency against any property securing �th� lnd�b�edness. This includes a g�rnEshrnent flf any of Trustor's a�c�unts. includin� deposit ��coun�ts, with Lender. Hvwever, this Event v� �efauEt shall not apply if there is a �ood �aith disput� by Trustar as to the va�idity or reasonabl�ness of the clairr� which is the basts of�he creditar or fvrfeiture proceeding and �f Trustv� gives Lender written n�tice of the �reditar ar for�Feifiure proceeding and deposits w'rth L�nder manies ❑r a surety bond for the creditor or forfeiture praceed�ng, in an amoun�determined by Lender, in its sole d�scr�tion. as being an adequate reserv�ar bvnd for th�disputee ��each af�ther Agreement. ►4ny breaGh by Trustor under th�terms vf any❑ther agreemen�be�w��n Trust�r and L�nder that is not remedied within any grace period pro�id�d therein, in�luding wE�khout I�mitatian any a�reement ��ncerning any indebtedness Qr other vbfigativn of Trust�r�o Lender, whether existing now or later. Er�ents Affecting �uarantor. Any of�the preceding e�ents ac�urs with respect to any guarantor, endorser, sure�y. or acc�mm�da�ion party of any of the [ndeb�edn�ss ar any guarantor, end�rs�r, surety, or accommodatian party di�s ar be��m�s incompetent, or re�ok�s ar disputes th� �alidity of, or liability under. any Guaranty of the Indebtedness. Adverse Change. A materiaf ad�erse change accurs in Trustar's �inancial condit�on, or Lender bel�e�es the prasp�c�af payment or performance vf th� Indebtedness is impaired e insecurity. Lend�r�n gaad faith beiieves i�self ins�cure. Right ta Cure, �f any default, ather than a defau��in payment. is curable and if Trusto�has not been given a natice o'�a breach ofi the same pro�isi�n o�F this aeed of Trust withEn the pr�c�ding�wel�e (12y months. it may be cured if Trusfar, after Lender sends vvritten notice to Trustor demanding cure of such d�fault: {�y cures the d��ault with�n fifteen ��5y days; ar ��f i�F the cure requires mare than fifteen �15j days. immediately initiates s�eps which Lender deems in L�nd�r's sofe discre�ian tv b� suf�Fic�ent to cure the default and thereaf�er continues and completes all reas�nabl�and necessary steps suffi�ient�o prvduce comp�iance as so�n as reas�nably pra�tica�. RIGH1`S ►�ND REIIIIE�IES ❑N DEFAIJLI'p I�F an Event of ��fault�ccurs under�his ��ed o�Trust, at any time thereafit�r, Trus�e�or Len�er may exercis� any one or more of th�fall�wing rights and rernedies: Accel�ration L1pon Qe�au[t;Ad�litional Remedies. 1f any Event �f Defaul�occurs as per the terms n�the IVote seGured hereby, L�nder may d��la�-e all Indeb�edness secured by this Deed ofi Trust to be due and payab[e and the same shall�hereupvn become due and payahfe without any presentment� demand. pro�es�ar notice af any kind. Thereafter, Lender may: {ay Ei�her in person vr �y ag�n�. with or without bringing any a�tivn �r proceedin�. or by a rec�iver appvinted by a cvurt and withou't regard �a the adequacy of its security, enter up�n and take poss�ssi�n af the Property, or�any par�thereof� in it� own name or in#he name of Trustee, and�� any acts which it deems nec�ssary or desirahle to preser�e the �alue� rnarketabi�i�y�r rentability of the Prvperty. �r part vf the Praper�y or in�erest in the Prvperty; increase the income fr�m the Property or prafec��he security of the Praperty; and� ►rvith or without taking possession of the Prvperty. sue for vr �therwise ca�lect the rents. issues and prtifits of the Prflperty, �ncluding th�se past due and unpaid� and apply th� samer less costs and expenses of aperatian and col�ection attorneys` fees,to any indebtedness secured by this Deed of Trust, a!I �n such order as Lender may determine. The ente�ing upon and �aking possession o� the Property, th� callec�ian �f such rents, issues and prafits, and the application thereaf shall nat cure or waive any de�fault or noti�� of default under this Deed vf Trust or invalidate any act done in �esp�nse ta