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2� 15�8�83
<br /> DEE� []F TRLJST
<br /> ��ontinu�d� Pa�e �
<br /> law shall be paid by Trus�ar, if p�rmitted by appiicable law.
<br /> EVENTS �F dEFAULT. �ach o�the �ol�flwing. at Lender's optivn, sha��canstitute an E�ent t�� De�auit under xhis Deed
<br /> of Trust;
<br /> Payment Default. Barrawer#ails tv make any payment whsn dt�s under th�lndebtedness.
<br /> �ther De�au�. Borrvwer or Trustor fails ta comply ►n►it� or ta p�rform any other term, abligat�on. cv�enant vr
<br /> Gondition �ontained in this Deed of Trust or in any of the Rel�ted DoCumen#s vr to cvmply with ar ta perform �ny
<br /> term,Qbligation,cv�enant❑r Gondition c�ntained in any other agregment between Lender and�arrawer vr Trustor.
<br /> Compliance �etau�t. Failure to com�ly with any other term, oblig�tian. co�enant nr �ondition cvntained in this
<br /> Deed af Trust,the Nata or in any af the Related Documents.
<br /> De�ault on�th�r P�yrnents. Faiiure vf Trustar within the time re�uired by this Deed❑f Trus#ta make any p�yment
<br /> far taxa�or in�uran�e,or any vther payment ne�cessery t�p�s��nt fil�ng of vr to e�fec�discharge af any iien.
<br /> Defauit in Fa►►or of Thsrd Parties» Shou�d �orrvwer vr any Grantar default under any 1van, extension vf �redi�,
<br /> security egrgement, purchese or s�las asreement.ar eny ather egreement, in fa�ar of any nth�r c�editor❑r pgrson
<br /> that m�y materially aif�c� �ny vf Barrower's or any �r�ntor's property o� Borrower's abi�ity to repay the
<br /> lndebtedness or g�rrawer's ar Grantor's ability to perform the�r respective abligatians under�his D�ed of Trust or
<br /> any a�the Related Dvcuments.
<br /> Fa�se Stataments. Any w��ranty, representati�n or stat�ment msde vr furnished ta Lender by Sorrawer❑r Trust�r
<br /> ar on BEvcrower's ar Truator's b�helf under thi$ �eed af T�u�#vr the Related Documents Es �e�se or misleading in
<br /> eny mat�ri�l respe�t, eithsr n�w ar a�1C the tim� made or furniahe� ar be�ames �slse ar mis�ead�ng �t any tlme
<br /> thereaf�er.
<br /> i]efect��e �o��ater�iiza#ion. This Deed of Trust vr any v#ti� Retat�d Documents ceas�s to be in full force and
<br /> effe�t �inciuding failure vf any collat�ral dacument t❑ create e �alid and perfe�tad security interest or lien} at any
<br /> time and for�ny reason.
<br /> De�th�r�nsvi�ency. The d�sso�u�ivn ar termination Qf Borrower's or Trustvr's existen�e as a gving business, �he
<br /> insol�ency�f Barraw�r ar"frust�r� the appvin�men�a�a re�ei�er fflr any p�rt of Bvrrower's or Trustar�s property,
<br /> any assignmenx for the benefit o�creditors,�ny type of creditor workaut,or the c�mmencement af any proceeding
<br /> under a�ny benkrupt�y or inso�►►ency�aws by or against Barrower or Trusto�.
<br /> Credi#vr ar Forfeiture Proceadin�s. Gommen�em�nt of fvreclasure vr farfeiture proceedings. wheth�r by judici�!
<br /> �rviceeding, self-help, repossessian or any other meth�d, by any credit�r vf Barrawer or Trustor ar by any
<br /> gv�ernmentel agsncy ega+nst eny property s�curin9 �ha indebtedness. This in�iudes � garnishment a� any of
<br /> Borrower's or Trust�r's eccoun�s, including deposit accounts, with Lender. Howe�er, this E�ent of De�ault sha��
<br /> ns�t appiy if there is e 9ood f�'tth dis�ute by Borrowgr ar Tru�tor as tv the �aiidi�y �r reasanebleness of the claim
<br /> which is�the basis of the cr�ditor ar#or#e�ture prace�d�ng and i�Barrawer Qr Trustor gives Lend�r written nat+ce of
<br /> the creditor or forfeiture prviceeding and d�pvsit�with Lender monies or a sur�ty bond for the creditor or�ar�eiture
<br /> proceeding��n an�mount detarminad�y Lend�r� in its sole d�scretion, as being an edequate reserve❑r bond for the
<br /> dispute.
<br /> Breach Qf�thar Asreemgnt. Any hre�ch�y Barr�wer or Trusto�r und�r the terms afi any other agreement between
<br /> �orrower or Trusior end Lender that is not rernedied with�in any grace period pro�ided therein. inciuding without
<br /> iimitation any agreement cvn�erning any indebtedness pr vther abiigatian a� Borrvwer a� Trust�r to Lender,
<br /> whether existing now nr later.
<br /> E�ants Affa�ting Guarantvr. Any o#th�pre�eding ea�nts oc�urs with respect to any guarantor, �ndvrser, surety,
<br /> vr a�cvmm�dation party af any of the Indebtedness or any�uarantpr, endorser, surety, ar a�cammod�tion �erty
<br /> die� or be�vmgs incampetent, vr reaokes vr disputes the �alidity of. or liability under, any Guar�nty vf the
<br /> Indehtedness.
<br /> Ad�erse �hangg. A m�terial ad�erse �hange oc�urs in 8vrrnw�r's �r Trustor's financial canditi�nE or Lend�r
<br /> belie�es the praspect of payment o�performanc�of the Indebtedness is impaired.
<br /> lnaecurity. Lender�n gvvd f�ith belie�ea itself insecure.
<br /> Right tv Gu�a. �f any de#ault,other th�n a default in p��yment, is curable and�f Trustor has nat been gi��n a nvtice
<br /> of a bre�ch of the same prv�iaion of thie�eed of Trust within the pre�eding twel�e t 1�y months. ii may he Cured ifi
<br /> Trusto�, after Lender sends written notice to Barrawer demanding cure of such default: 4�� cures the default
<br /> wi�hin twenty t��f days;vr t�y i�the cure r�quires more�han twenty t2�y days, immedi�tely initiates steps whi�h
<br /> Lender deams in Lender's soia discretion ta be sufficient to cure the d�fault and th�r�after cantinues anc�
<br /> cornplet�s a!!reasanabie end necessary steps suifici�nt ta prvduce�ompl�an��as soon as reasonably praGticai.
<br /> RI�HTS ANCS REM�pIES QN D�FAULT. !f�n E�ent af Default occurs under this ❑eed af Trust, at eny time therea#t�r,
<br /> Trustee�r Lende�may exer�ise any�ng�r mare of the fa�lawing�ights and remedies:
<br /> Acceleratian Upan Default;Additional Remadies. It eny E�►ent of ❑efault o�curs as p�r the terms of the Note
<br /> secured hereby. Lendar m�y deGlare all Indebtedness�ecured by this❑eed of Trust to be due and payabie and
<br /> the same sha11 thereupan becomg due and peyabie without any presentment,d�m�nd� protest or nvtEc�af any
<br /> kind. Thereefter, Lender mey:
<br /> �a) Either in persvn �r by a��nt. with ❑r without bringing any acti�n vr proceeding, or by a recei�er
<br /> �ppointed �y�ca�urt�nd without r��ard to tha�de�u�cy n�its security� enter upvn and take possessiun
<br /> o�th�Praperty�or�ny part there�t� in its own name�r in the name of Trustea, and do any acts which it
<br /> deems neG�ssary vr d�sirable to preser►re�h�value,marketability c�r rentebility�f th��'raperty,ar part vf
<br /> the Property❑r interest in the Pr�p�rty; increeae the in�am�trom the Property ar protect the securi#y❑f
<br /> the Property; and, with ❑r without taking �o�asssion �f the Property, sue tar ar v�herwise c4�lect the
<br /> rents. isSues and profits of the Prvperty, includ�ng those pas�due and un�paid, and ap�ly the same� Eess
<br /> �osts and�xpenses of operativn�nd collect�on attorneys'f��s,tv any indehtedness s�cured by this Deed
<br /> of Trust, �I1 in su�h arder as Lend�r may determ�ne. The entering upvn and t�king R�ssession ❑� th�
<br /> Pr�perty, �he �olle�tion af such rents, issues and prafits, and the �pplic�tian thereof shal� nvt cure �r
<br /> wei►►e �ny detault or notice o'�default under this C3eed of Trust vr in�alidate any act dane�n respvnse tn
<br /> such default ar pursuant to such natice of defau�t;and, natwithstanding the continuan�e in possessi�n of
<br /> th� Praperty ar the cvll�ction, rece�ipt and appli��#ion v�r�ntg, is�ues or prvfits, Tru�tee ar Lender sh��l
<br /> be entitled to exerc�se every right pra�ided#vr in ihe Nate vr th� Retated Documents ar by�sw up�n ths
<br /> occurrence�vf any��ent of def�ult,including the right to sxerci�e the power of sa�e;
<br /> �b� Gommence en activn tv foreGloaa this need of Trust as a mortgage, �ppoin�a recei�er or specifi��lly
<br /> enforce any a�t the�co�enanta hereaf;and
<br /> �c� Qefiuer tv Trustae�written dec�aration❑f defauft end demand far salg and e written nvti�e af def�ult
<br /> and�lectivn to ceuse Trusto�`s intsrest tn the Property ta be s��d, which not�ce Trustee sha!! cause to be
<br /> duly ir��ed fQr record in the appropri�ta office�s a��the County in wh��h the Property is located; and
<br /> �di With respect ta ell or any part of the Person�l Property, Lender shall ha►►a al�the rights�nd remedies
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