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2� 15�7422 DEED �F TRUST Loan Nv: 1�'i 29D'147 ��ntinued} Page � Cvmpliance ❑efauit. Failur� tv comply with any other term, obligativn, co�enan� or condition contained in this Deed of Trust,the.Nvte or in any❑f the Related Dacuments. Default❑n�ther Payments. Failure o�Trus�vr within the time required by this ❑eed of Trust�o make any paymen� fvr�axes ar insurance, or any other payment necessary�o pre�en�filing o�or t❑effect discharge of any lien. False Sfatements. Any v►rarranty, representativn or statemen�t made ar furnished to Lender by T�-ustor or on Trus�or's behalf under this Deed of Trus� ar the ReEat�d Documen�s is false vr misleading in any materia[ respect, ei�her now ❑r at the time made or furnished or becames false or misleading at any time thereaf�ter. Defectirre Colla#eraEizativn. This Deed of Trust or any of the Rela�ed Documents ceases tv be in �ull �or�e and e�fect �including failure of any co�lateral document ta create a �a�id and per�ected security interest vr lien} a� any time and�or any reason. " Death or lnsol�ency. The death of Trustvr,fihe insol�ency of Trusto�,�he appointmen��f a rece��er�vr any part❑� Trustar's prvper�y, any assignment f�r the }�ene�it v� credi�ars, any type ❑f cr�ditar workout, ❑r the commencement❑f any pro�eeding under any bankrup�cy❑r inso��en�y laws by ar agains�Trustar. Creditor ❑r Forfeiture Proceedings. Cammencement �� foreclosure or for�e�ture prviceedings, whether by judiciaE proceeding. sel�f--help, repossess�on or any other method. by any creditor of Trus�or ar by any go�ernmen�al agency against any prvperfiy securing the lndef�tedness. This includes a garnishment of any ❑f Trustor's accvunts, including depasit accvun�s, with Lender. Hvv►re�er, this E�ent ❑f Default shall nvt apply if there �s a good taith dispute by Trus�tor as #v the �alidity or reasonableness o�the claim whi�h is the basis af the creditor or fvrfeiture prviceeding and if Trustnr gi�es Lender wrifiten nvtice vf the creditor ar farfei�ure proceeding and deposits with Lender mvnies �r a surety bond far the creditor❑r forfeiture proceeding, in an amvunt determined by Lender, in its sole discret�on, as being an adequate reser�e ar bond far the dispute. Breach of Other Agreement. Any breach by Trustor under�he terms ❑�f any ather agreement between Trus�or and Lender tha� is nvt remedied within any grace perEvd praWided therein, including without limita�ion any agreement cnn�erning any indebt�dness or ather ol�ligatinn o�Trus�or to Lender, whether existing now❑r la�ker. E�en�s Affe�fing Guarantor. Any ❑�the pr�ceding eWen�s o��urs with respec�to any guarantor, endorser, sure�y, ❑r accommadafiFon party of any ❑�the indel�tedness or any guarantor, endarser, surety, ar accommodation party dt�s or becames incampetent, or revok�s flr disputes the �alidEty of, vr� liability under, any Guaranty of the lndebtedness. Ad��rse Change, A material adverse change �c�urs in Trustor's �Financia! cvndifiian, ar Lender }�elieves �he prospect of paymen�k❑r perfvrman�e afi the indebtedness is impaired. fnse�urity. Lender in goad faith f�eEfe�es i�self insecure. Right#o Cure. f�any default, ❑ther than a default in payment, is curable and��i�Trustor has not been giWen a notice ❑�f a breach v�f the same pro�is�vn of fihis Deed ❑f Trust wi�hin�he preceding-twel�e �'�2} manths, i�may be cur�d if Trustor, after Lender sends written notice�o Trus�vr demanding cure o�such�defauEt: ��y cures the de�ault within fifteen t15} days; ❑r {2} if�he �ure requires more than fif�een ��5� days, immediately Enitia�es s�eps v►rhich Lender deems in Lend�r's so�e discretion ta �e su��icienfi to cure �he default and thereafter cantinues and completes all reasanable and necessary steps su��cient t❑praduce campliance as soan as reasonably pract��al. RIGHTS AND REMEDIES �N DEFAULT. if an E�ent❑f Default occurs under this ❑eed ❑�Trusfi, a�any�ime�hereafter, Trustee❑r Lender may exercise any one❑r more af�he�oliowing rights and remedies: AcceleratEvn Upvn Defau�t:Addit�anal Remedies. if any E�ent vf I]efault occurs as per the terms vf the Na�e secured herehy, Lender may declare all lndebtedness secured by this Deed o�Trust to be due and payab�e and �he same shall thereupan become due and payable wi�hout any presen�ment, demand, protes�or notice❑f any . kind. Thereafter, Lender may: �ay Ei�her in persvn or hy agent, w��h ❑r without bringing any a��ion ar p�-�ceeding� �r by a �-e�ei�er appoinfied by a cvurt and wi�hout regard fio�he adequa�y of its se�urity, en�er upon and�ake possessian � of the Property, or any part thereof, in its own name ❑�-in the name ❑f Trustee, and do any ac�s which i�k deems necessary ar desirable t❑ preser�e�he�alue, marketability or renta�itFty of the Proper�y, or part o� fihe Prvperty or interest in the Pr�perty; increase the incvme�rom the Prvperty or pratect fihe securi�y o� �he Property; and, wi�h or withou� tal�ing possession of the Property, sue -�or or atherwise cvllec� the ren�s, issues and prvfits ofi the Property, including �hose past due and unpaid, and app�y�he same, fess casts and expenses ❑f ope�ativn and colEection attorneys' fees,tv any indehtedness secur�d by this Deed of Trust, af[ in such order as Lender may de�erm�ne. Th� ent�ring up�n and �taking possession o-� �he Praperty, #he callection of such rents, issues and profits, and the appiicativn thereof shal[ nat cure vr� wai�e any default or n�tice ❑f default under this Deed of Trust or in�alidate any ac� done in response�ko such defauit ar pursuan��o such natice af de�aul�; and, natw�thstanding the continuance in possession o� the Property ❑r�he callec�tion, receip�k and application ❑t rents, issues vr pro�its, Trustee or Lender shall be entit�ed �v exercise e�ery right pro�ided for in�khe Note vr�he Rela�ed Documen�s or by law upan the occurr�nce af any e�ent❑�default, inc�uding the right to exer-ctse the power of sa��; �b} Cvmmence an action ta�oreclose�his Deed v�Trust as a mort�age, appaint a recei�er vr specificaliy enforce any o�the co�enan�s hereo�; and