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��1 5����5 <br /> �EED C]F T'RUST <br /> Lv�n No: D�UDD��D18 {CAn��nuet�} Page � <br /> contained in �his ❑eed of Trust or in any af the Rela�ed Docurnents or to comply with or to per�orm any term, <br /> ❑bligation,co��nant or condition cantained in any oth�r agreement be�ween Lend�r and Trustor. <br /> Compliance De�aul�. Faifure �o comply with any ❑ther t�rm, obiigati�n, �o�enant or condit�on con�ained in this <br /> ❑eed of Trust,the No�e❑r in any af the Reiated Docurnen#s. <br /> �efau��on��her Payments. Failure af Trust�r within the#ime requi�ed by th�s Deed of Trus�to make any payment <br /> for taxes ar insurance,or any other payrnen�necessary to pre�en�filin�of or ta effect discharge of any�ien. <br /> En�ironmentai Defaul�. Faiiure vf any par�y to comply with �r perform when due any term,obligat�on, ca��nant c�r <br /> �onditian�an�ained in any en�ironmen�a�agreemenf executed in connecfion w��h�he P�-operty. <br /> Default in Far►ar vf Third Parties. Should �rar���r default unde�any loan, extension �f credit, securi#y agreement, <br /> purchase or sales ag�eement, ar any o#her agreement, in favor❑�any ather c�editor or person that may materially <br /> affec� any of Grantor's property ar G�antor`s abi�ity to repay the Indebtedness a�- Grantor`s abi(ity �o pe�form <br /> Grantor's obliga�ions und�r this Deed of Trust or ar�y o��he Reiated Documents. <br /> False S�atements. Any vvarranty, representatian a� statement made ar �urnished ta Lender by Trustvr or ❑n <br /> Trustor's behalf under this ❑eed of Trus�or#he Related Docum�nts is fal�e �r rnisl�ading �n any material respec�, <br /> e�#her now or at the time made or furnished vr becames�alse ar misleading a�any�ime thereafter. <br /> D�fecfi�e Collateralization. This Deed a� Trust ar any af the Related Dacurnents ceases to be in full €orce and <br /> e�fec� (in�luding failure of any Gollatera�dacurnant to crea�e a Walid and per�ected security�nterest or lien} at any <br /> time and�ar any rsasan. <br /> Insolvency. The dissvlutian ar termina�ion af Trus�or's existence as a gaing business, #he insol�ency o�f Trustor, <br /> �he appointm�n�of a recei�er for any pa�t of Trustor's property, any assignment�'or the benef�t of Greditors, any <br /> �ype o�creditor warkvufi, or the GommenCernent of any proceeding under any bartl�ruptcy ar insolv�ncy laws by ar <br /> against Trustor. <br /> Credi�or or Forfei�ure Proceeding$. Commencement �f foreclosure or forFeiture proceedings, whether by judicial <br /> proceeding,sel�help, reposs�ssian ar any v�her method, by any credi�ar of Trustor or by any go�ernmental ag�ncy <br /> against any property se�uring #h� Indebtedness. Th�s includes a garnishment of any of Trusto�'s accourrts, <br /> inc�uding deposit accaun�s, with Lender. Howe�er, this Event o�❑e�auit shall not apply if�h�r� is a good faith <br /> dispute by Trustar as to�he�alidity ar reasonableness o�f the c€aim which is the basis �f#he creditar�r for�e�ture <br /> proceeding and if Trusto�- gives Lender written no��ce of the creditar�r fo�Fei#ure pracee�ing and dep�sifis with <br /> Lender mvnies❑r-a surety bond for the credit�r or fc�rFeitu�-�proceeding, �n an amount determined by Lende�', �n �ts <br /> soie discre�ion,as be�ng an ad�quate r�serv�or bond fvr�he dispute. <br /> Breach vf O#her Agreemen#. Any breaeh by Trustor under the t��ms af any other agreement between Trustor and <br /> Lende� that is no� remedied wi�h�n any grace period provided there�n, including without I�mitativn any agreement <br /> c�ncerning any indebtedness ar other abligation of Trustar to Lender,whether existing naw or�ater. <br /> E�ents Affecting Guarantnr. Any a��he preceding events occurs with respec#ta any guarantor, endorser, surety, <br /> ❑r accommodation party vf any o�the Indebtedness or any guarantor, endorser, sure�y, or accommadatian par�y <br /> dies ar becarnes incompe�ent, ar rev�kes ar d�spu�es the �al�dity o�, or iiabili�y under, any �uaranty o� �he <br /> lndebtedness. <br /> Ad�ers� Change, A material adWerse chang� oc�urs in Trus�or's finan�ial condi�ian, or Lender believes the <br /> prvspect of payment or per#ormance of the lnd�bt�dness is impaired. <br /> �nsecurity. Lender in go�d faith b�lie�es its�[f insecure. <br /> RIGHTS AN�REMEDIES �N DEFAULT. 1f an Even#of CJe�ault oceurs under this Deed of Trust, at any time therea�ter, <br /> Trustee or Lender may exercise any one or more Qf#he folfowing rights and remedies: <br /> Accelerat�on Upon Defiaul�; Additianai Rernedies, 1f any E�ent af❑efault occurs as per the terms of the Note <br /> secured hereby, Lender may d�c�are a�l Indebtedness secured by this Deed of Trust#o be due and payable and <br /> the same shall�hereup�n become due and payable withaut any presentmen�,demand,protes�ar notice of any <br /> kind. Thereafter, Lender rnay: <br /> �a) Ei�her in persan or �y agent, with or withaut bringing any ac#i�n or proceed�ng, or by a recei�er <br /> �ppoin�ted by a court and wi�hout regard to the adequacy❑��ts securi�y, enter upan and#ake passession <br /> of the Proper�y, ar any�art thereaf, in its own name or in�he name of Trustee, and d�any acts wh�ch it <br /> deerns necessary or desirabie�o preserve th�value, market�biii�y or rentabi�ity a�the Prope�ky,❑r part❑� <br /> the Proparty ar interes#�n #he Property; increase�he in�ome from �he Property ar protecfi the security a� <br /> the Praper#y; and, with ar wi�hout taking possession af the Property, sue �For or othen�vise co��ec� the <br /> rents, issues and p�ofits of the Propet�y, including �hose past due and unpaid, and apply the s�rne, less <br /> costs and exp�nses of❑peration and co�lecti�n attvrneys'fees,to any indeb�edness secured by this D�ed <br /> of Trust, all in such ord�r as Lender may determine. The entering upan and taking possession o�the <br /> Property, the collec�ion o�F such rents, issues and prof�ts, and the appiication thereof shall nofi cure ar <br /> wai�e any d�fau��o�notice of defau�t unc�er this ❑eed af Trust ar in�a[idate any ac#d�ne in response tn <br /> such defau�t or pursuant�❑such notice ofi def�ult;and, notwi�hstand�ng#he c�ntinuance in pvssession of <br /> �he Property or the cvilecti�n, receip# and app�ica#ion af�-ents, issues or prvfi�s, Trustee or Lender shall <br /> J <br />