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��1 5��8�� �EE� �F T`F�LJS�' �van Na: '[D'I��'l47 t��ntinued� Pag� � EVENTS ❑F DEFAULT. Ea�h �f the fal[vwing, a� Lender's ❑ption, shall canstitute an EUenf of Defaul� under#his ❑ged of Trust: Payment D�faul�. Borrower fails to make any payment when due under th� Indeb�edness. Dther ❑e°faults. Borrower or Trust�r fail� ta ��mply Wl�h or to p�rform any o�her term, �bligatian, cov�nant ❑r canditi�n c�n�ained in this ❑eed af Trust❑r in any af the Rela�ed ❑acuments �r t❑ comply with or�o perfa�m any term,obliga�ian, co�+enant ar c�ndition contained in any other agreement between Lender and B�rrower�r Trustflr. �amplianGe Default. Failure to carnply with any ather term, ❑hligation, cv��nan� or conditi�n con�ained in this De�d of Trus�,�the Note or�n any a�f the Relat�d ❑acurnen�s� Defaul�vn��kher Paymenfis. Failure ��Trusfior withirt the time require� by fhis Deed��F Trust fo rnake any paym�nfi for�axes ar insuran�e, or any other payrnent necessary�a pre�ent filjng o�or ta effect discharge ofi any lien. Fal$e 5fia#ements. Any war�anty, represen�atian or s�a�ement made or furnished t� Lender by Borrower o�Trus�or or on Borrow�r's ar Trustar's behalf under �his Deed o�F Trust ❑r the f�elated ❑o�uments is false or misleading in any materia! respect, either now ❑r a# the time made or furnished �r la�cvmes false ar misleading at any �time thereafter. ❑efecfiive Collateraliza�ion. This Deed of Trust or any �f th� Related Da�uments ceases to be in full �orce an�f �ff�c� {inc�uding failure of any coliateral da�ument �a create a ualid and perfected security in�erest or lien7 a� any �Eme and far any reason, ❑ea�h or Insolvency. The dea�h of eorrower ar Trustar.the insolvency vf 6arrower or Trus�or,the appointment af a recei�er far any part❑f Barrower's or Trust�r's proper�y, any assignrnent�or the benefiit vf�redito�s, any type of credi��r warlc�ut, ❑r the �omrnencement❑� any pro�eeding under any bankruptcy ar insalvency lavvs by ar against Borrov►rer❑r Trustor, Credi�ar or Forfeitu�e Proceedings. Cammencement o# fore�#osure or forfei�ure pr�aceedings, wh�ther b�judicial proce�ding, self-help, repossessian ar any vther me�hod, by any credit�r of 6orrower or Trust�r or by any g�vernmental agency agains� any property securing the lndebtednes�. This includes a garnishment �f any ❑f 6orrower's ar Trustar's acGaun�s, including dep�sit aecaun�s, w��h Lende�. Howe�er, this E��n� ❑f ❑efault shal� nnt apply if there is a good faifih dispu�e by Borrower❑r Trus�or as t� th� �al�dEty ar reasanableness of fhe claim which is�Che basis�f�he creditor or�Farfeiture pro�eeding and if 6arrower or Trustor gi�es Lender wrifiten noti�e af �he creditar or iorfeiture pr�ceeding and d�pasits with Lender manies or a surety band far the cr�edit�r or farfeitur� proceeding, in an arnaunt d�termined by Lender, in i�s s�le discretion, as�eing an ade�uate reserv�or bond for thg dispute. Breach of�ther Agr��men�. Any breach by B�rrower ar Trus�or under the�erms of arty❑fher agreement hetw�en B�rrower or Trustor and Lender tha�k �s no� remedied v+�i�khin any grace period pro�ided th�r�in, in�luding �vithaut Ifmi�atton any agreement c�ncerning any indeh�edness or ❑ther ❑bligation af 6orrow�r or Trustor to Lender, whe�her existing nov�r or later. E�ents A��c�ing Guarantor. Any❑f the preceding even�s flccurs with respec�t❑ any guaran�or, endarser, surety, ar accommadat��n par�y ❑f any af �he Indebtedness ar an� guarantor, �ndors�r, surety, or acc�mmada�ion party dies nr l�ec�mes incarnpetent, ar r�v�lces �r disputes the Walidity ❑f, �r liability und�r, any Guaranty of the Ind�bt�dness. Ad�erse Change. A ma�erial ad�ers� change accurs in Barrawer's ❑r Trus�or's financia[ condi�ian, or Lender belie�es the praspect ofi payment or p�rf�rmance o�th�lndeb�edness is impai�ed. Insecurity. Lender in good faith belieWes itsel�insecure. Right to Cure, If any de�ault, ather than a defau�t in payment, is curable and if Trustar has not been gi�en a noti�e �f a breach of the same pra�ision of this Deed ❑f Trust within the prec�ding twelWe t'I�y man�hs, it may be cured if Trustor, after Lender s�nds writt�n n�-�i�e �0 8orrawer demanding cure af such default: �1 f cures the default wi�hin fifteen (�5y da�s; �r {�y if the cure requires more than f��een �15� days� imm�diafely initiates steps which L�nder deems in Lend�r`s sole discretion to be sufficient ta cure th� default an� thereafter cantinu�s and campletes al�reasanable and necessary steps su��ici�nt ta produce compliance as svon�s reasonably practica�. RIGHTS AND RENiED[ES �N DEFAULT. If an E�ent�� ❑efault ac�urs under�his Deed of Trus�, a�any time fhereafter, Truste�ar Lender may�xer�ise any one or more af�he fallovving rights and remedies: Acceleration Upon �efaul�;Additjona� Remedies. If any EWent of Defauft accurs as p�r the terms af�he Nate secured he�eby, Lender r�ay declare all Indebtedne�s securgd by thi� ❑eed�f Tru�t�o be due and pa�able and the same shail thereupon k�ecome due and payable with�ut any presentmen�,demand, protest or nvtice of any kind. Thereafter, Lender may: [a� Either in persan �r by agent, with ar with�ut bringing any action or pr��eeding, ar by a recei�er appainted hy a caurt and withaut regard to the adequacy ❑f its se�urity, en�er upon and fake possession of the Property, ar any par�E th�reaf, in its avvn name or in the name of Trustee, and da any acts which it daems necessary or desirable�o preserve the vaiue, marketability❑r rent�bili�y❑f the Praperty, �r part of the Property or inte�est in the Pr�perty; incr�ase �he income from the Property or prote�t the security a� the Property; and, with ar withou� taking possessian of the Property, sue far or otherwise callec� the