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200001509- as they become due, or (4) makes a general assignment for the benefit of creditors, or (5) files a petition or answer seeking reorganization or arrangement with creditors, or to take advantage of any insolvency law, or (6) files an answer admitting the material allegations of a petition filed against it in any bankruptcy, reorganization or insolvency proceedings, or (7) fails, for a period of not exceeding forty -five (45) days, to obtain the dismissal of any involuntary case filed against it in any bankruptcy, reorganization or insolvency proceedings, or (8) takes any action for the purpose of effecting any of the foregoing. F. The sale, transfer, the assignment, entering into a contract to sell or a lease option contract, or the conveyance or further encumbrance of all or any part of or any interest in the Property, either voluntary or involuntary, without the express written consent of Lender. G. The sale, transfer, assignment, entering into contract to sell, or a conveyance, or further encumbrance of all or any part of the members interest of Trustor to a third party during the period that the Trust Deed remains a lien on the property without the written consent of Lender. H. The sale, transfer, assignment, or encumbrance of all or any part of the members interest of the limited liability company during the period that the Trust Deed remains a lien on the property without the written consent of Lender. I. Breach of any provision of the Letter of Commitment with Lender dated February 1, 2000, or the Building Loan Agreement of even date herewith. J. Failure of Borrower to furnish under Paragraph 115" of the Letter of Commitment an annual financial statement as well as annual operating statements outlining all income and expenses for the Property, along with a rent roll; and financial statements and tax returns for each Guarantor, as requested by Lender, that are acceptable in form and detail to Lender. Annual self prepared financial statements shall be furnished within 90 days of the close of each fiscal year. Lender's determination as to the acceptability of each statement as to form and detail shall be final. If Lender determines any statement to be non - acceptable, Lender will so advise Borrower in writing, and Borrower will have thirty (30) days thereafter to submit an acceptable statement. Failure to resubmit an acceptable statement shall then be an Event of Default. K. Any mortgage or Trust Deed, even though inferior to Lender's Trust Deed, is placed against the Property without Lender's written consent. L. Abandonment of the Property. M. Borrower commits waste or allows the Property to deteriorate, after written notice to correct the problem has been given to the Borrower and Borrower fails to take steps to correct the same. N. Trustor shall be dissolved or terminated or shall fail to maintain its limited liability company existence. 0. Borrower fails to keep the Property insured as required herein. P. Should it be discovered after the execution and delivery of this Trust Deed that there is a defect in the title to, or a lien or encumbrance of any nature, on the Real Property or the Personal Property described in the Loan Instruments prior to the lien of the Beneficiary under this Trust Deed or the Loan Instruments, and not disclosed in the policy of title insurance issued to the Beneficiary insuring the priority of the Trust Deed I