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��15�57�8
<br /> C�EEC3 �F TRUST
<br /> L�an Na: �I�'I 2886`i'f �C�ntinued} Pa�e �
<br /> Default on�ther Payments. Failure vf Trustor within the tim� re�uired by this Deed❑i Trust tv malce any payment
<br /> far taxes❑r insu�ance,or any Qther paymen�necessary t� prevent�iling of vr tv effect discharge of any lien.
<br /> Fa[se Statements. Any warranty, representafivn ar s�at�ment made ar �urnished ta Lender by Trustor ar on
<br /> Trustor's h�half under this Deed af Trust ar the Rela�ed D�curnents is false or misfeading in any material respect,
<br /> eith�r now ar at the�ime made�r furnished�r bec�mes false or misleading at any�ime thereafter. �
<br /> Qefectir�e Co�lateralization. This Deed of Trust or any of the F�ela�ted Dacuments ceases t❑ b� in full for�e and
<br /> effect {including failure of any collatera� document �� create a �alid and perf�cted securi�y interest or lieny at any
<br /> time and far any reason.
<br /> Dea#h nr InsoiWen�y. The dea�h o�Trusto�, the insv�Wen�y of Trustar,the app�intment af a r�cei�er for any par�of
<br /> Trustor's praperty, any assignmenfi fvr the benefit ❑f creditvrs, any type �f credi�ar w�rk�ut, or th�
<br /> commenc�ment of any prviceeding under any bankruptcy❑r ins�l�ency laws by or against Trustar.
<br /> Cr�ditvr or Forfeiture Pro�eedings. C�mmencement �f farec[osure �r forfieiture proceedings� whe�her by judicial
<br /> prvc�eding, s�lf-help, repvssessi�n or any other method, hy any credi�or��Trustor or by any go�ernmen�al agen�y
<br /> against any property securing the Indebfiedn�ss. This includes a garnishment of any of Trusfvr's ac�ounts,
<br /> including deposit accounts, with Lender. HQw�ver, th�s E��n� afi Default shall nat apply if there �s a good faith
<br /> dispute by Trustor as to the validity or reas�nahleness o�F the ciaim which is the basis of the creditar or farfeiture
<br /> proceeding and if Trustar gives Lender writt�n nvt�ce ❑f the creditor or tvr��iture praceeding and deposifs with
<br /> L�nder monies or a surety bnnd for the creditor or forfeiture prviceeding, in an amount determined by Lender, �n its
<br /> sale discretion, as being an adequate reser�e or bond for the dispu�e.
<br /> Breach af�ther A�reement. Any breach by Trus�or under tne terms af any ather agre�ment b�tween Trustor and
<br /> Lender that is na� ramedied within any grace period pravided therein, including withaut lim�tativn any agreement
<br /> concerning any indeb�edness or other abligation❑f Trustor to Lender, wheth�r existing naw vr later,
<br /> Events Affe�ting Guaran#or. Any o�the precedin� e�ents oc�urs with respect to any guarantor, endarse�, surety,
<br /> ar ac�ommoda�ian party of any ❑f the Ind�:htedness or any guaranta�, enda�ser, surety, ar accammadation party
<br /> dies �r b��omes in�vmpe�tent, ❑r revokes or disputes the Walidi�y of, or [iability under, any Guaranfy ❑f �he
<br /> lndebtedn�s$.
<br /> Ad�erse Change. A material ad�erse change occurs in Trustvr's financial candi�ion, ar Lender belie�es the
<br /> prospec�of payment or performance of the lndebtedness is impaired.
<br /> Insecurity. Lender in good fai�h believes itse[f insecure.
<br /> Right to Cure. lf any d�fault, other than a defauit in payment, is curable and if Trus�or has not been given a notice
<br /> of a breach�f the sarne proWision of this Deed af Trus�within�he preceding twelve {1�� manths,i�may be cured if
<br /> Trustar, after Lender sends written notiGe to Trustor dernanding �ure of such default; ��f �ures the de#ault within
<br /> fifteen {15} days; ar 4�} if the�ure requires more than fi�Ft�en �15� days, immediately in��iates steps which Lender
<br /> d�ems in Lender's sole discretion to be sufficient to cure �he default and thereafter �ontinues and completes all
<br /> reasonab�e and ne�essary steps suffici�nt t❑ praduGe compliance as sn�n as reasanably practical.
<br /> RlGHTS AND RENfEDIES ❑N DEFALlLT. lf an E�ent af Default occurs und�r this Deed of Trust, at any time thereaft�r�
<br /> Trustee or L�nder may exercise any�ne or m�re af the�following rights and remedies:
<br /> Ac�eleration Upvn Default; Additional Remedi�s. lf any Event af Default accurs as per�he fierms o�f the IV�te
<br /> se�ured hereby, Lender may dealare all Indebtedness se�ured by this Deed of Trust ta be due and payable and
<br /> the same shall�thereupon becvme due and payabfe without any pres�ntmen�, demand, protest or not�ce of any
<br /> kind. Thereafter, Lender may:
<br /> �af Either in person ar by agent, with �r without bringing any a�tion or prac�eding, or by a recei�er
<br /> appointed by a caurt and without regard to the adequacy of its se�uri�y, enter up�n and take possession
<br /> o�F the Property. ❑r any part th�reaf, in its �wn name vr in the name af Trustee, and d❑ any acfis which it
<br /> deems neGessary�r desirab�e tv preser�e�the value, marke�a�ili�y vr rentability of�h�Prop�r�y, or part of
<br /> the Property or in�eres� in the Property; incr�ase the income from the Property ar prote��the securit� of
<br /> the Praperty; and, w;th or wEthaut tak�ng pass�ssivn of the Praperty, sue far or otherwise collect the
<br /> rents, issues and pro�its ��F th� Proper�y, including thase past du� and unpaid, and apply the same, [ess
<br /> costs and expenses af opera#ion and collection attorneys' fees,to any indebtedness secu�'ed by this Deed
<br /> vf Trust, all in such ard�r as L�nder may det�rmine. The enter�ng upon and talting p�ssession afi the
<br /> Property, the collec�ion �� such �ents, issu�s and profits, and the app[icativn thereaf shal! not cure or
<br /> wai�e any defaul�or notice Qf defau�t under this ❑�ed a#Trust ar invalida�e any act dane in r�spanse tv
<br /> such default ar pursuant to su�h natice vf de�ault; and, natwifhs�anding the cantinuance in possession of
<br /> the Property or the coltection, receip� and application at ren�ts, issues or pr�fits, Trustee or Lender shall
<br /> b� entitled tv exercise svery righ�p�'�vid�d fflr in the Note ar the Related Do�uments or by law upan �he
<br /> accurrence of any�U�nfi af defau�t, inciu�ing the righ�t t❑exercise the power vf sala;
<br /> �b� �ommen�e an actian ta �oreclose this ❑eed a�Trust as a rn�r�gage, appoinf a recei�er o�specifiically
<br /> enfo�ce any of the cav�nants hereof;and
<br /> �cy De{i�er t�Trustee a writt�n de��aration af defau�t and demand for sale and a v�rritten notice❑f default
<br /> and election t❑cause Trustor's interest in the Praperty ta �e stild, v�rhich n�tice Trusfiee shall cause to be
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