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<br /> DEEL3 �F T�UST
<br /> Laan Nv: 'I�7�9�52� ���ntir�ued} Page �
<br /> suitable sta�em�nts of�e�mina�ion of any financing stat�men� Qn file e�iden�ing Lender's securi�y int�res� in �he Rents
<br /> and the Personal Property. Any recanveyance fee required by law shail he paid by Trus�or, if permit�ed by applicable
<br /> law.
<br /> EVENTS �F ❑EFAULT. EaG�t o#the �ollowzng, at Lender's op�ion, shail constitute an E��nt of ❑efaul� under this D�ed
<br /> o�Trust:
<br /> Payment Default. Barrower fails fio malce any payment when due unde�-the �nd�b�edn�ss.
<br /> �ther Defaulfis. Borro�ver or Trust�r �ails to camply virifih or �o perform any other term, obligatian, covenant or
<br /> condition c�ntained in�his Deed of Trust vr �n any of the R��ated Documen�s or to comply with ar to perform any
<br /> t�rm, obliga�ion, co�enan�flr condition contained in any�ther agre�ment between Lender and Sorrower or Trustar.
<br /> Cvmp[iance De�aul#. Failure to campEy vvith any other t�rm, abligafiion, co�enant ❑r c�nditian contained in this
<br /> D��d of Trust,the Note or in any of�h� Related ao�uments.
<br /> Default on�ther Paym�n�s. Failure o�Trustor within�he time required by this Deed o�Trus��o make any payment
<br /> �For tax�s or insurance,vr any o�her payment necessary ta prevent filing o�or to effect discharge of any�ien.
<br /> False Staternents. Any warran�y, representa�i�n �r statement made ar furnished �o Lsnder by B�rrower or Trusfiar
<br /> or on Borrower's or Trus�ar's behalfi under this D��d of Trus� or the Rela�ed Dvcuments is false or mis�eading in
<br /> any ma�erial respect, either now or at the time made or �Furnished or b�cames �False or misleading at any time
<br /> therea�fier.
<br /> Defe�fii�e Co�[ateraliza�ian. This Deed o�F Trust or any of the Fiela�ed aocumen�s ceas�s to be in full fvr�e and
<br /> effec� {including fa�lure ❑f any col�a�eral d��ument to create a Walid and perfected security interest ❑r �ien} at any
<br /> time and for any reas��.
<br /> Death vr Insol�ency. The dissolutian or t�rmination ❑f Borrower's or Trustor's �xis�ence as a going business, �he
<br /> insalvency ofi Borrowe� �r Trustor, the appointment ❑f a recei�er �or any par� of Bo�-rower's or Trustar's praper�y.
<br /> any assignm�nt�ar the benefit o�credi�ors, any type af credi�or warkout, ar the comm�nc�ment o�any prnceeding
<br /> und�r any�ankrup�cy ar ins�lvency laws by or against Barrower or Trustor.
<br /> Creditar ❑r Fvr�eiture PrnGeedings. Commencem�nt af fvr�closure or #ar�eitur� proceedings, whether t�y judicia!
<br /> pr�ceeding, self-help, repflssession or any other me�hod, by any credi�or ofi 6arrower ar Trustar or by any
<br /> goWernmental agen�y against any praperty securing the Indebtedness. This in�ludes a garnishment �f any of
<br /> Borrower's vr Trustvr's a��ounts, including deposit accounts, with Lender. However, this Event of Defau�t shall
<br /> not apply if there is a goad faith dispute by Bvrrow�r or Trustor as �4 the �alidity or reas�nableness ofi the claim
<br /> which is the basis vf t�re creditor ar'�vrfei�ure proceeding and if Borrawer or Trusfior gives Lender written natic� of
<br /> the cred��or ar forf�iture prac��ding and depasifis wi�h Lend�r manies or a surety bond far th� cr�ditor or f�r�eifiu�e
<br /> pro�eecfing, in an amoun�determined by Lender, in its sole discretion, as being an adequate r�serve ar bond�or the
<br /> dispute.
<br /> 6reach of Other Agreer�ent. Any breach by Borrower ar Trustar under the terms of any other agreement be�kween
<br /> Borrawer ar Trustvr and L�nder �hat is nat remedied within any grace peri�d pro�ic�ed therein, including with�ut
<br /> limitation any agreement cancerning any indebtedness or other obligation o� Borrower or Trus��r ta Lender,
<br /> whe�he�exis�ing now or later.
<br /> E��n#s A�fecting Guaranfi8r. Any ot the preceding �v�nts occurs w�th respec�t❑ any guarantor, endarser, sur�ty,
<br /> or a��ommndation par�y of any of the Indebtedness or any guaran�or, endors�r, surefiy, �r ac�ommada�ion party
<br /> di�s or becomes inc�mp��ent, or re�akes ar �ispu�es �he validity af, o� [iability under, any Guaranty af �he
<br /> Indebtedness.
<br /> Ad�erse Change. A material ad�erse change occurs in Barrower's �r Trustor's financial cand�tian, or Lender
<br /> belieWes the prospect at paymen��r performan�e of�he Indebt�dness is impaired.
<br /> [nse�urity. Lender in good fiaith bel�e�es itself inse�u�e.
<br /> Righ�to�ure. l�F any default, other than a defaul�in payment, is curab�e and if T�ustvr has nat b�en gi�en a nvtice
<br /> of a breach ❑f the sam� pro�isi�n o�this Deed o�F Trus�within�he�are�eding twelve {1�} months, it may k�e �ured ifi
<br /> Trustor, after L�nder sends writt�n noti�e �o Borrawer demanding cure afi such default: {�} cures the defauit
<br /> wi�hin fif�keen {�5} days; vr {�} if the cure requires more than fifteen {15� days, immediately ini�iates steps which
<br /> Lender deems in Lender's s�le discretian to be s�fficient to cure the default and th�reaf�er continues and
<br /> comp��tes all reasonable and necessary s��ps sufficient�o produce comp�iance as soon as reasanably prac�icaf.
<br /> RIGHTS AND RENlEDIES �N DEFAULT. If an Even�o� ❑efau�t occurs unde�this Qeed of Trust, a�any time th�reafter,
<br /> Trustee ar Lender may exercise any ane or mare of th�f�llowin� rights and remedies:
<br /> Acc��eration Upnn ❑efau[#: Addi�ional Remedies. If any Event of C3efaul� occurs as per�he �erms af�he No�e
<br /> secured hereby, Lender may declar� all [ndeb�edness secured by this Deed of Trus�to �e due and payable and
<br /> �he same sha11 thereupan become due and payable withou�any presentment, demand, pratest or n�tice af any
<br /> kind. Thereafter, Lende�may:
<br /> {a} E�ther in pers�n �r by agent, with or wi�hout bringing any act�on or pra�e�ding, or by a receiWer
<br /> appain�ed by a c�urt and without r��ard to the adequacy of its security, enter upon and take possession
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