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