��15��833
<br /> �]EED �3F TRUS1f
<br /> Loan N�: 1 U'I��D'l4� ���ntinu�d} Page 6
<br /> and piaces as L�nder rnay deem appropriate, any and all such mart�ages, d�eds of trust, security deeds, security
<br /> agr��ments, financing st��ements, continua�ion s�atements, snstruments of further assurance, ��rtificates, and
<br /> ather documents as may, in the svle ❑pinian of Lender, be neGessary ar desirable in or�er t❑ eff�ctuat�, comple�e,
<br /> per�F��t, G�n�inue, ar preser�e ��y Barrawer's and Trustar's a�liga�ions under the Na�e, this D�ed of Trus�, and
<br /> the R�la�ked Dacuments, and t�7 the liens and security in�erests created by this Deed o�Trust as first and pri�r
<br /> liens an the Property, whether now owned or hereafter acquired ay Trustor. Unfess prohibi��d by lavv or Lender
<br /> agrees to the �ontrary in writing, Trustar sha�l reimbur�e Lend�r far aIl costs and expenses incurred in connection
<br /> with the matters referred�o in this paragraph.
<br /> Attnrney-in-Fact. If Trust�r fails ta do any of the�hings referred to in the preceding para�raph, Lender rnay da sfl
<br /> fiar and in the name of Trus�or and at Trustor's expense. Far such purposes, Trustor hereby irre�ocably appaints
<br /> Lend�r as Tr�stor's at�torney-in-fact for the purpose of making, executingr deliverin�, filing, recarding, and dQsng all
<br /> ath�r fihings as may b� n�cessary or desirable, in L�nder's sol� vpinian, ta accamplish �he matters referred to in
<br /> �he preceding paragraph.
<br /> FIJLL PERFUR1UlANCE. If Barrawer and Trustor pay ali the Indebtednessr including without limitation al� fu�ure
<br /> ad�ances, when�ue, and Trus�ar atherwisa performs a�l the obli�ativns impased upon Trus�or und�r this Deed of Trus�,
<br /> Lender shal[ execute and defiWer t❑ Trustee a request ��r full reconveyan�e and shall e�cecufe and deli�er �a Trustor
<br /> sui�a��e sta�ements of terminaCian vf any financing sta�emen�on file e�idencing Lender's security interest in the Rents
<br /> and the Personal Proper�y. Any rec�nveyance fee required by iaw shall be paid by Trustor, if permitt�d by applicable
<br /> law.
<br /> EVENTS OF DEFAULT, Each of the fnllawin�, at Lender's �ption, shall constitute an EWent�f Default under this Deed
<br /> of Trust:
<br /> Payment Default. Bvrrower fails ta make any paym�nt when due under the Inde�tedness.
<br /> �ther �efauits, B�rrawer or Trust�r fails to cornply vvi�h �r ta per�vrrn any other term, abligati�n, cav�nant or
<br /> condi�ian con�ained in this Deed of Trus�ar �n any of the Re�ated aaGuments�r fia camply with flr to perform any
<br /> term,obligation,covenant or conditivn contained in any ather agrs�ment b�trnreen Lender and Borrvwer or Trustvr.
<br /> Cvmpliance Defau�t. Failure ta c�mply with any oth�r term, a�ligation, co�enant or conditian contained in this
<br /> ❑eed of Trust, the Nvte or in any of�he Refated L�ocumen�s.
<br /> ❑efault an�th�r Payments. Failure❑f Trustar wifihin th�time r�quired by this Deed of Trust ta mak�any paym�n�
<br /> far taxes ar insurance, ar any ather payment necessar�fia pre�ent filing❑�f or to e#fe�1:discharge❑f any lien.
<br /> False Sta��ments. Any warranty, representa�ion or s�latemen�made or furnished to Len�er b}r Borrawer ar Trustar
<br /> ar �n Barrower's or Trust�r's beha�f under �his Deed �f Trust or the Related Do�um�nts �s false ar mis�eading in
<br /> any material respect, either now ar at the tirne made or �urnished ar bec�mes false or misleadin� at any tirne
<br /> thereafter.
<br /> aefectiWe Collat�ralization. This Deed vf Trusfi ar any o� the Reiat�d D�cuments ceases �o be in full force and
<br /> effect {in�luding fa�lure of any collateral documen��❑ create a �alid and per�ected security in�erest or lieny at any
<br /> time and for any reasan.
<br /> Insolven�y. The dissolut�an or termina�inn af Bvrrower's or Trustor's exis�kence as a gaing busin�ss, the insol��ncy
<br /> of �orrower ar Trus�tor, th� appointm�nt of a receiver far any part of Borrower's or Trus�or's property, any
<br /> assignrnent for the benefit af creditars, any type of creditnr workou�, or the commencem�nt af any proceeding
<br /> und�r any bankruptcy or insal�en�y laws by ar against Barrower or Trustor.
<br /> Cr�ditor ar Fvrfe'rtur� Proce��lings. Comm�ncement of foreclosure ar forfeitur� proceedin�s, wheth�r by judicial
<br /> pra�eeding, se�f-hefp, repvssessian or any a#h�r meth�d, hy any credi�or of Borr�wer or Trustor ❑r by any
<br /> go�ernmental agency against any praper�y securing the lndebtedness. This in�ludes a garnishment vf any of
<br /> Sorrower's or Trustor's acc�unts, inc[uding deposit accoun�s, with Lender. However, this Event of Default shall
<br /> not apply if�her� is a go�d fa�th dispute by 6orrvwer or Trustor as �o the validity or reasonabl�ness of the claim
<br /> which is the basis �F the creditor vr farfeiture praceeding and if 6orrawer❑r Trustor gives Lend�r written notice of
<br /> the creditor or farfe��ure proceeding and deposi�s wi�h L�nder moni�s ar a suraty b�nd for the creditor or forfeiture
<br /> prv�eeding, in an amount de�termined by Lender, in its sQle discretian, as being an adequate reser�e ar bond for th�
<br /> dispute.
<br /> Breach af�ther Agre�ment. Any breach �y Borrow�r❑r Trust�r under the terms a�any o�ther agreement between
<br /> Borrouver ar Trustar and L�nder that is no� remedied ►nrithin any grace peri�d pro�ided therein, including tirvithou�
<br /> Eimitatian any agreement concerning any indebtedness vr oti�er obligatian of gorrawer or Trustor tv Lender,
<br /> wh�th�r existing now or later.
<br /> Events Affecting Guaranfior. Any af the preceding �r��nts occurs wi�h respect to any guarantor, endorser, surety,
<br /> or accammada'�ion party af any of th� lndeb�edness or any guarantor, endorser, surety, or accommadatian part�
<br /> dies �r becam�s in�ompet�nt, �r revo�es ar �isputes �h� validity af, or liability under, any Guaranty of the
<br /> �ndebtedness.
<br /> Ad�erse �hange, A material ad�erse change occurs in Borrower's or Trusto�''s financia! cvnditivn, ❑r Lender
<br /> belie�es the prospe�t of payrnent or per�orrnance a f�he Indebt�dness is impaired.
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