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I I ��1 5��47 DEE❑ �F TRU�T Laan Nv: 'i❑'1��9�23 ��antinued} Page � Payment Defaul�. Trus�or fails ta make any payment when due under the[ndehfiedness. �ther Defaul�s. Trus�or fai[s ta comply with �r to perfarm any other �erm, ok�Iigatian, co�enan� ❑r �andi�ion con�ained in �this ❑eed of Trust or in any af �he Rela�ed D�cuments vr fio comply with or t❑ per-frorm any term, ❑bliga�ian, co�enant or condFtian confiained in any ofiher agreemen�between Lender and Trustor. ; Cnmpfiance Default. Failure �a comply virith any other term, obliga�ion. �ovenant or candi�ion contained in this ❑eed❑f Trust,the Nofie�r in any❑f the Rela�ed Documents. Defauf�on D�her Paymen#s. Failure af Trustar within the time required by this Deed vf Trusfi fi❑ make any payrnen� for taxes or insurance, ❑r any other paymen�necessary ta pre�ent filing of or fio effect discharge❑f any lien. False 5tatemen�s. Any warranty, representation or statement made or furnished ttr Lender }�y Trus�ar or ❑n Trust�r's behalf under this Deed of Trust or�he Relat�d ❑ocumen�s is fa[se or rnisfeading in any rnaterial respect, either now or a�the t�me made vr furnEshed or becornes false or rnisleading at any time fiherea�ter. De�ecti►re Co��ateralizatian, This Deed o#Trust �r any of �he Re�ated Documen�s ceases ta he �n full farce and e��ct �including �ailure ❑f any collateral document�to creat� a �alid and perfected secur�ty in�e�-est or �ien) at any tEme and�ar any reasvn. Death vr Insalvency. The dissalution vf Trustar's ��egardless o� whether election t� confiinue is made�, any m�mber wi�hdraws frorn the lirnited I�abi�ity company, or any ❑ther fiermination of Trus�or's e�isten�e as a going �ausiness ar the dea�h of any memher, the insol�ency ❑f Trus-tar, the appoin�ment of a r�cei�er for any part ❑f ' Trustar's proper'ty, any assignment for the bene€it of credi�ors, any typ� of creditar workaut, ❑r the commenc�ment ofi any proceeding under any bankruptcy❑r 3nsal��ncy faws hy or a�ainst Trusfiar. Creditor vr Forfei�ure Prviceeding�. Commencemenfi ��fiore�losur� or farfeiture p�viceedings, whether by judicia! � pra�eeding,self--help, repassession❑r any❑�her method, 1oy any creditar af Trus�or�r by any go�ernmentaf agency against any prvper�y se�uring the �ndebtedness. This includes a garnishmen� vf any o� Trustor's accoun�s, including deposit accvunts, wifih Lender. Howe�er, this E�ent of ❑e�ault shaEl not apply if there is a go�d faith dispufie by Trus�or as to the�alidi�y ❑r r�asonableness af the �laim which is the basis ❑f the creditar ar�orfeifiur� proceeding and if Trustar gi�es Lender wri�ten natice of the credi�or �r farfeifiure praceeding and depvsits wi�h Lender monies �r a sure�y bond for�he creditor ar farfeiture praceeding, in an amaun�deterrnined by Lender, in its svle dis�retion, as being an adequa�e reser�e❑r band�or fihe dispute. � Breach of�fher Agreemen#. Any breach by Trustor under the terms❑�any.a�her agreement hetween Trustar and Lender that is nv� �emedied within any gra�e period proUided fiherein, in�luding without limitation any agreement concerning any indebtedness ar�ther ob[iga�ion of Trustar to Lender, whe�her existing now a�-fa�er. Evenfs A�ffec�ing Guaran�or. Any of the preceding e��nts occurs with respect to any Guarantar o� any of �he fndebtedness or any Guarantor dies or becomes incompetenfi, or re�okes ❑r disputes �he �alidity �f, or liability under, any Guaran�y a��he�ndebtedness. Adverse Change. A ma�erial adWerse �hange occurs in Trusfior's financial �ondition, or Lender helie�es �he prospect❑f payment or perfarmance of the Indebtedness is impaired. � lnsecur�ty. Lender in good faith believes i�self insecure. Righfi to Cure. l�any defiau[t, other than a defauit in payment, is curable and if Trusfior has nat been gi�en a n��ice of a breach❑��he same provision of this Deed af Trus�within�he preceding twe��e {12} m�nths, it may be cured i� Trustor, af�er Lender sends written na#ice to Trustor demanding cure❑f su�h de�au[�: ��} cures�he defaul�within ' �i�-keen {'15} days; ar �2� if the cure requires more than�ii�een �'15} daysr immediatel.y ini�iates steps which Lender deems in Lender's svle dis�retian tv be sufficient�a cure fihe de�ault and thereaf�er cont�nues and c�mple�es all reasanable and necessary steps su�ficient ta produ�e campliance as svon as reasonably prac�ical. RI�HTS AND REMEDtES �N BEFAULT. I�an E�ent af Defaulfi accurs under�his ❑eed o�Trust, at any time thereafter, Trustee�r Lender may sxercise any❑ne or more of�he fa��owing rights and remedies: Ac�elera#ion L]pon Defaul�;Additianal Remedies. If any E�ent of Default vccurs as per the terrns �fi the Nate se�ured heret�y, Lender may declare all Indebtedness secured by this Deed�f Trust to he due and payable and the same shafl thereupan become due and payable withvut any presentmenfi,demand� pro�es�vr notice o�any kind. Thereafter, Lender may: {a} Eifiher in person ar by ag�nt. Wi�h ❑r without bringing any actian ❑r prviceeding, or hy a recei�er appvinted by a cvurt and without regard to the adequacy af its secur�ty, en�er upon and�ake possessivn ❑�the Prope�ty, flr any part�hereo�F, in its�wn narne ar in�he name ❑�F Trustee, and d�any acts which it deerns necessary ar desirable�� preserWe the�alue, marke�a}�ility or rentabifity ❑f the Praperty, or part of the Property ar in�erest in the Praperty; increase�he incorne frorn �he Property or pro�ec��he se�urity of the Property; and, wi�h �r vvithau� tak€ng possession of the Praperty, sue fvr o� o�herwise cal�e��the ren�s, issues and pro�its of the Proper�y, including those past due and unpaid, and appfy�he sarne, less cos�s and expenses of❑peration and colfection atta�-neys'�ees,t❑any indehtedness secured by this ❑eed of Trust, all in such order as Lender may determine. The entering upon and taking possession o��he Property, �he ca[lectian v� such ren�s, issues and prvfits, and the application thereof shall not cure or wai�e any default or n�tice o�default under this Deed ❑f Trust or in�alida�e any a��dane in response to