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2� 1 ��572 DEE� �F TRUST Loan No: 'I�7 292 7 39 �C�nt�nued� Page 6 the Related Documents, and �2� the liens and security interests created by this Deed ❑f Trust as first and pr�or fiens ❑n the Property, whether now ❑wned ❑r hereafter acquired by Trustor. Llnless prohib�ted by faw ❑r Lender agrees t❑ the contrary in writing, Trustor sha�l reimburse Lender for all costs and ex�enses incurred in connection with the matters referred t❑ in this �aragra�h. Attorney-in-Fac#. If Trustor fails t❑ d❑ any❑f the things referred t❑ fn the �receding �aragra�h, Lender may d❑ s❑ for and '€n the name ❑f Trustor and at Trustor's ex�ense. For such �ur�oses, Trustor hereby irre�ocably a�po€nts Lender as Trustor's attorney-�fn-fact for the �ur�ose❑f making, executing, deli�ering, filing, recording, and doing all ❑ther th�ngs as may be necessary ❑r desirable, �n Lender's sole ❑pinion, t❑ accom�lish the matters referred t❑ in the �receding�aragra�h. FULL PERF�RMANCE. If Borrower and Trustor �ay all the Indebtedness, including without limitation all future ad�ances, when due, and Trustor❑therwise�er�orms all the ❑blfgations im�osed u�on Trustor under this Deed ❑f Trust, Lender shall execute and del��er t❑ Trustee a request �or full recon�eyance and shall execute and deii�er t❑ Trustor suitable statements ❑f termination ❑f any financing statement ❑n file e�idencfng Lender's security interest in the Rents and the Personaf Pro�erty. Any recon�eyance fee requfred by law shall be �aid by Trustor, if �ermitted by a��l�cable lavv. EVENTS �F DEFAULT. Each ❑f the following, at Lender's ❑��ion, shall constitute an E�ent ❑f Default under this Deed ❑f Trust: . Payment De�au!#. Borrower fails�❑make any�ayment when due under the Indebtedness. �ther Defau�ts. Borrower ❑r Trustor fails �❑ com�ly wi�h ❑r t❑ �erform any ❑ther term, ❑bligation, co�enant ❑r cond�tfon con�a�ned in �his Deed ❑f Trust ❑r �n any ❑� the Related Documents ❑r t❑ com�ly wfth ❑r t❑ �erform any �erm,❑bl�ga�ion,co�enant❑r condition contained fn any❑ther agreement be�ween Lender and Borrower❑r Trustor. Comp[iance Default. Faifure t❑ com�ly wfth any ❑ther term, ❑bligation, co�enant ❑r condition contained in this Deed❑�Trust, the Note❑r in any❑�the Rela�ed Documents. De�au[t on �ther Payments. Fa�lure ❑f Trus�or within�he�ime required by this Deed ❑f Trus�t❑ make any�aymen� for taxes❑r insurance, ❑r any❑ther�aymen�necessary�❑�re�en�filing❑f❑r t❑effec�discharge ❑f any lien. Fa[se Sta#ements. Any warran�y, re�resen�ation ❑r statemen� made ❑r furnished t❑ Lender by Borrower❑r Trustor ❑r ❑n Borrower's ❑r Trustor's behalf under this Deed ❑f Trust ❑r the Related Documents is false ❑r m�sleading in any material res�ect, either now ❑r at the time made ❑r furnished ❑r becomes faEse ❑r misleading at any time thereafter. Defecti�e Co!latera�ization. This Deed ❑f Trus� ❑r any ❑f �he Related Documen�s ceases t❑ be in full force and effec� �includfng failure ❑f any colla�eral document �❑ crea�e a �alid and �erfected secur�ty in�eres� ❑r lien� a� any time and for any reason. Death or lnso[�ency. The dissolution ❑r term�nation ❑f Borrower's ❑r Trus�or's existence as a going business, the �nsol�ency ❑� Borrower ❑r Trustor, �he ap�o�ntmen� ❑f a recei�er for any �ar� ❑f Borrower's ❑r Trustor's �ro�erty, any assfgnmen�for the benefit❑f credi�ors, any�y�e❑f credi�or workout, ❑r the commencemen�❑f any�roceed�ng under any bankru�tcy❑r insol�ency laws by❑r against Borrower❑r Trustor. Credi#or or Forfeiture Proceedings. Commencemen� ❑f foreclosure ❑r forfeEture �roceedings, whe�her by judicial �roceeding, self-hel�, re�ossession ❑r any ❑�her me�hod, by any credf�or ❑f Borrower ❑r Trus�or ❑r by any go�ernmental agency against any pro�erty secur�ng �he Indeb�edness. This includes a garnishment ❑f any ❑f Borrower's ❑r Trus�or�5 accoun�s, includ�ng de�osft accounts, with Lender. Howe�er, �his E�ent ❑f Defaul� shall not ap�ly �f there is a good faith d�s�ute by Borrower ❑r Trus�or as t❑ the �alidity ❑r reasonableness ❑f�he claim which fs �he basis ❑f the credi�or❑r�orfei�ure �roceeding and if Borrower❑r Trustor g€�es Lender wri�ten notice ❑f �he creditor❑r forfei�ure �roceeding and deposfts wi�h Lender monies ❑r a sure�y bond for�he creditor ❑r forfeiture proceeding, in an amount de�ermined by Lender, in its sole discretion, as be�ng an adequate reser�e❑r bond for the dis�u�e. Breach of�ther Agreement. Any breach by Borrower❑r Trustor under the�erms ❑f any❑ther.agreemen� between Borrower ❑r Trustor and Lender �ha� is not remedied within any grace �eriod �ro�ided therein, includfng withou� limitation any agreement concern�ng any fndebtedness ❑r ❑ther ❑bligation ❑f Borrower ❑r Trustor t❑ Lender, whether exist:ng now❑r la�er. E�ents Affecting Guarantor. Any ❑f the �recedfng e�en�s ❑ccurs wi�h res�ect�❑ any guarantor, endorser, surety, ❑r accommodat�on �arty ❑f any ❑f the Indebtedness ❑r any guarantor, endorser, 5ure'�y, ❑r accommodation �ar�y d�es ❑r becomes incom�etent, ❑r re�okes ❑r disputes �he �alidity ❑f, ❑r I�abil�ty under, any Guaranty ❑f the lndeb�edness. Ad�erse Change. A materfal ad�erse change ❑ccurs in Borrower's ❑r Trustor's ffnancial condition, ❑r Lender belie�es the �ros�ect❑f�aymen�❑r�erformance❑f�he f ndebtedness is im�afred. [nsecurity. Lender in good faf�h belie�es �tsel�insecure. Existing lndebtedness. The paymen� ❑f any installment ❑f principal ❑r any in�erest ❑n the Existing Indeb�edness is no�made within the�ime requ�red by�he �romissory note e�idenc�ng such indebtedness, ❑r a default❑ccurs under the ins�rument secur�ng such indeb�edness and is not cured during any applicable grace �eriod �n such instrument,