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��15�51U1
<br /> DEEa �F TRUST
<br /> Laan Nv: '��'1��7�'i❑ �Cont�nued} Pa�e �
<br /> D�her Defaul�s. Trustor fails t� �omply wi�h ❑r t❑ perforrn any ❑�kher �erm, ❑b�igatian, �a�enant ar condi�ian
<br /> contaEned �n �his ❑eed of Trust ar in any o�the Rela��d ❑vcumen�s or t❑ comply v�rith ❑r to perform any terrn,
<br /> ❑bligatF�n, �a�enant�r condition canfiained in any�ther agreement between Lender and Trusfior.
<br /> �ompliance Defau��. Failure t� camply wi�h any other �term, obligation, covenant ❑r candi�ion cantained in this
<br /> De�d❑�Trust,the Not�or in any af the R�lated D�cuments.
<br /> De�aujt on Dther Payrnenfs. Failure of Trustor within the time required by this ❑eed❑f Trust t�make any payrnent
<br /> far fiax�s or insurance,or any other payment necessary fio pre�ent#iling ❑f❑r to effec�discharge❑�any lien.
<br /> False Stat�men�s. Any warran�ty, representatian ar statemenfi made or �urnished ta Lender by Trus`kar vr on
<br /> Trus�ar's behalf under this Deed o�Trust❑r the Refated Documents is fialse ❑r misleading in any material respect�
<br /> ei�her now or at the time made ar�urnished or becomes false or misleading a�any time thereafter.
<br /> Defec�i�e ColEaterafiza�ian. This Deed of Trust ar any of the Related Documen�s ceases to be in full �or�e and '
<br /> e�fiect {including failure of any collateral dacument to create a �alid and perfected security interes�or lienj at any
<br /> time and for any reasan.
<br /> Death or Insol�ency. The death of Trusta�-,the inso��ency of Trustar,the appaintrnen�❑f a recei�er for any par�of
<br /> Trust�r's property, any assignment fo�- �he benefit o� creditors, any type ❑f credi�kor wvrk�utf or fihe
<br /> comrn�ncement��any proceeding under any 1aan�ruptcy❑r insol�en�y laws by❑r against Trustor.
<br /> �reditor or Far�eiture ProGeedings. Commencement of fiorecfosure or forfeiture proeeedings, wheth�r by judiciaf
<br /> praceeding,self-help, repossessivn vr any other me�had, by any�redifivr af Trus�or or by any ga�ernmental agen�y
<br /> against any property securing the Indebtedness. This inclu�les a garnishment ❑f any of Trus�o�'s accounts,
<br /> including depasit a�counts, with Lender. Howe�er, this E�ent o� aefaul� sha�! not apply if there is a gaod faith
<br /> dispute by Trustor as�o�he validity or reasonab�eness o�the clairn whi�h is the bas�s ❑fi fihe credi�or or far�e�ture
<br /> proceeding and i�F Trustor gi�es Lender wri��en nofii�e ❑� the �redi�or ❑r forfeiture praceeding and depasi#s with
<br /> Lender monies or a surety hand far the creditor or forfeiture proceeding, in an arnount defiermined by L�nder, in i�s
<br /> sole discretivn,as being an ad�quate reserve or band for the dispute.
<br /> Brea�h of�fher Agreement. Any breach hy Trustor under the terms of any other agreemen�t hetween Trustor and .
<br /> Lender�hat is nvt rernedied within any gra�e perivd provided therein, including withou� limEta�ion any agreement �
<br /> � concerning any inde��edness ar�ther❑bligati�n❑�Trus�vr tv Lender, whether existing now ar later.
<br /> Events Af�ecting Guarantor. Any o#the preceding e��nts occurs with respec�to any guarantor, endorser, surety,
<br /> or accomrnodativn party of any of the �ndebtedness or any guaran�or, endvrser, sure�y, ar ac�ommodatian parky
<br /> dies �r becames incompe�en�, ar revakes ar disputes the �alidity ❑f, ❑r liab�fity under, any Guar.anty of �he
<br /> lndeb�edness.
<br /> Advers� Change. A ma�erial adverse change occurs in Trustor's financia� canditian, or Lende�' belie��s fihe
<br /> prospec�of payrnen�or per��rrnance af�he lndebtedness is impaired.
<br /> Inse�urity. Lend�r in good faith b�lieves�tsel�F insecure.
<br /> Right#o Cure. ff any defaul�, vther than a default in payment, is curahle and if Trustvr has not been gi�en a na�ice
<br /> �. ��a b�each of�the same pr��isEan��this Deed❑�Trus�within�he preceding twel�e ��2} m�n�hs, i�may be cu�-ed if
<br /> Trustor� a-�ter Lender sends wrifiten notice to Tru��ar dernanding cure of such default: {'!� cures the d�fault within
<br /> fiifteen �15� days; or ��} i�the cure r�quir�s more than fifteen ��5� days, irnmedia�ely ini�ia�es s��ps which Lender
<br /> deems in Lender's sole dis�refiivn tv b� suf�icient t❑ cure the defiaul� and thereafter cvn�inues and cvmp�efies all
<br /> reas�nable and necessary steps sufficient ta produce campliance as soon as reasonably practi�al.
<br /> RIGHTS AND REMED�ES DN DEFAULT. lf an E�enfi o�F Default occurs under�his Deed o�Trust, at any time�hereaf�er,
<br /> Trustee or Lender may exercis�any one vr mvre af�khe fallowing righ�ts and remedi�s:
<br /> A�celeration lJpon De�ault�Rddi�ional Remedies. ��F any E�ent of Default occurs as per fihe terms o�the Note
<br /> se�ured hereby, Lender may de�lare all lndehtedness secured by this Deed o�Trus�t❑ be du�and payable and
<br /> the same shall ther�upon became due and payahle withou�any presen�men�, demand, pro�est or noti�e o#any
<br /> kind. Thereaf�er� Lender may:
<br /> �a} Ei�her in person ar by agen�, with ar with�ut brEnging any action ❑r proceeding, vr by a recei�er
<br /> appoin�ed hy a caurt and without regard to the adequacy af its se�urity, enter upon and take pass�ssion
<br /> af the Property, or any part thereof, in its own narne ❑r in the name ❑f Trustee, and do any acts v►�hich it
<br /> ' deems necessary or desi�able to preserWe the�alue, marketability or rentabili�y o��h� Property, or part of
<br /> the Proper�y or in�terest in the Proper�y; increase the incame �ram the Property or pratect the se�urity of
<br /> the Prop�rty; and, with vr withaut taking possessian af�the Property, sue far or a�herwise collec�C�he
<br /> rents, 155u�5 and pra�F�ts af the Praperty, �nciuding th�se past due and.unpaid, and apply fihe same, IE55
<br /> costs and expenses af aperafiian and collection a�torneys' fees,ta any indebtedness secu�-ed by this ❑eed
<br /> af Tr-ust, all in such ❑rder as Lend�r may determine. The entering upon and taking possession of the
<br /> P�operty, �he colle��ion o� such rents, issues and profits, and �he appl�cation thereo� shal� not cure or
<br /> wai�e any default❑r notice��de�auit under this Deed ❑f Trus�ar in�alidate any act done in response to
<br /> such default ar pursuant to such no�i�e af de�auf�; and, natwithstanding the continuance in passession a�
<br /> the Property ❑r�he collection, receipt and application a� rents, issues ar profits, Trustee vr Lender shalE
<br /> �e entitled�v exercise e�ery righ�proWided for in the Note or the Related Documents ar by law upan the
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