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2� 1 ���7� 1
<br /> C�EEC� �]� 1"�U�T°
<br /> Loan No: O�OD����'�� ��ontinued} Page f
<br /> for�axes vr insurance,or any other paymen#necessary to p�e�ent fii�ng o�or�o effect d�scharge of any�ien.
<br /> En�sranmental ❑efaul�. Failur�o�any party tv com�ly wsth or perfarm when due any#errn, obiigation, co�enan�or
<br /> condition canta�ned in any enWironmental agreement�xecuted in connection with the P�oper�y.
<br /> Default in Fa�or vf Third Parties. ShQuld Borrawer ar any Grantor de�ault under any �oan, extensian of credi#,
<br /> secur�ty agreement, �urchase or sales agreement, ar any othe�agreemen�, in�a�vr vf any other creditor or persan
<br /> that may materia�ly a�fec� any af Borrower's ar any Granto�'s property or Bvrrower`s ab�li�y ta repay the
<br /> �ndebtedness or �orrower's ❑r Grantor's abiiity to pe�'orm #heir respective abligations under this Deed af Trust or
<br /> any�f the Re�ated Documents.
<br /> Fals�Statements. Any warranty, rep�ese�ta�ion or statement made or furnished tv Lender by Borrower or Trustor
<br /> ��-an Borrawer's ar Trus�ar's hehalf under this Q�ed of Trust or the Related ❑o�uments is�alse or m�sleading in
<br /> any mater�ai respect, e�ther naw or at the time made or furnished or becomes false or misleading at any time
<br /> #hereafter.
<br /> �e#ec�i►re Colla#era�izativn. �'his ��ed of Trust o�any of#he Related Documents ceas�s t❑ be in fui� fa�ce and
<br /> effec# {�ncluding failure of any collaterai document to create a vafid and pe�'ec�ed securi�y interest or lien} at any
<br /> #ime and for any reason.
<br /> ❑ea#h or lnsot�en�y. The death of Bvrrower or Trustor,the insol�ency of Bo�rouver or Trustor,the appaintment a�
<br /> a recei�er for any part o�f E3orrower''s or Trus�vr's proper�y, any assignm�nt€�r�he benefit❑f credito�'s, any type of
<br /> creditar w�rkQut, ❑r the comm�ncement af any proc�eding under any bankruptey or insolvency�aws by or against
<br /> Borrower vr Trus#o�-.
<br /> �reditvr or FarFeiture Proceedings. Commencemen� o'F fQreclosure o�for�e�ture proceedings, whether by judicial
<br /> praceeding, se��h�lp, ��possessfon ar any o#her r�ethod, by any cred�tor o� Sorravuer or Trustor or by any
<br /> ga�ernmen�a! agency agains� any property securing the indebtedness. This inciudes a garnishment of any a�f
<br /> Borrvwer's or Trustor's accounts, �ncfud�ng depasit acc�ur�ts, with Lender. H�we�er, #his Evenf of Default shall
<br /> not ap�aly if th�re is a ga�d �asth �ispute by �3orrower or Trustar as to t�e �alidity or reasanableness o�the c�a�m
<br /> which is the basis of the credito�or�arfie�ture proceeding and if Barrower❑r Trustor gi�es Lender written notice of
<br /> the�red�tor ar#�orfei#ure praceeding and deposi�s with Lender monies or a surety bond�o�the�reditor ar f�rfeiture
<br /> proceeding, in an amount determined by Lender, 4n its sole discreti�n,as being an ade�uate reserve ar band for the
<br /> dispute.
<br /> BrQach of(3#h�r Agrsement. Any breach by�orrower or Trus�or under�he terms of ar��other agreemen#be�ween
<br /> Sorrower or Trustvr and Lender that is not remedi�� within any grace period pro�ided therein, includ�ng withaut
<br /> limitation any agreement concerning any indebtedness or o�her ob�iga�ion of �orrower or T�ustor �o Lender,
<br /> wheth�r�xisting naw vr later.
<br /> E�en#s Affec#ing Guarantor. Any af fhe preced�ng even�s occurs wEth respec# to any �uarantor of any of the
<br /> Indebtedness or any Guarant�r dies or becomes in�ompeten#, or re�okes or dispufes �h� �alidity of, or f�ability
<br /> under, any�uaranty of the lndebtedness.
<br /> � Ad�e�se Change. A materi�l adverse change occurs in Borrower's or Trustor's financia� condition, or Lender
<br /> belie�es the prospect of paym�nt or pe�formance of the Indebtedness�s impaired.
<br /> Insecurity. Lender in good fa�th helieves Etself insecure.
<br /> R�GHTS AND REMED�ES �N DEFAULT, If an Event af De�au��occurs under�h�s Deed of Trust, a�any time�her�af�er,
<br /> Trustee or L�n�er may exercise any one o�-more of�he�'ol�ow�ng rights and remedies:
<br /> Acceleratian lJpon t]�fautt; Additional Remedies. 1f any Event❑f qefau�t accurs as per the terms af fhe Note
<br /> secured hereby, Lender may de�lare a11 lndebtedness seGure�by this Deed of Trust to be due and payab�e and
<br /> the same snall thereupon becvme due and payab�s withvut any presen�ment, demand, prot�s#or notice nf any
<br /> kind. Therea�ter, Lend�r may:
<br /> �a} Either i� person or by agent, with or wi�h�ut br�nging any action or pr��eedin�, or by a recei�er
<br /> appoin#ed by a cvurt and withvut r�gard to the adequacy of its secur�ty, enter upon and take possession
<br /> of the Pt-aper�y, ar any part thereof, �n i�s own name ar in�he name of Trustee, and do any acts wh�ch it
<br /> deems necessary o�desirable�o presenre the value, marketa�ilify ar rentabilixy�f the Prape�ty,or par�of
<br /> the Prope�y or in#erest�n the Property; inGr�ase#he incame from �he Property ar pratec�the secu�-ity❑�
<br /> the Property; and, wi�h o�-without takin� possessian of �he Praperty, sue fvr or v�herwise collec# the
<br /> rents, issues and pro��ts o�the Pra�erty, inc�uding thase past due and un�a€d, and apply the same, less
<br /> costs and expenses of aperation and coilec�ion attorneys'fees,tv any indebtedness secured#�y th�s❑eed
<br /> o�Trust, all in such order as Lender may de#ermine. Th� entering upon and taking p�ssessian of the
<br /> Property, the ca��e�t�on of such rents, issues and praf#s, and the a�p�ication thereaf shail not cure or
<br /> waf�e any default or notic� of default under this Deed of Trust or in�alidate any act dane in respons�tv
<br /> such default or pursuant to such notice vf defaui�;and, notwithstanding the con��nuance in possessivn aF
<br /> the Prope�ty or the col[ection, re�eipt and app�i�afian of rents, issues or profi�s, Trus�ee or Lend�r shail
<br /> be en�€tEed to exercise e�ery right pro�ided �or in #he fVof� or the Related []ocuments or by�aw upon the
<br /> accurrence of any e�ent of de�'aul�, includir�g the right t�exercise the power o�sale; �
<br /> �b} �ommenee an a��ion to foreclose th3s Deed of Trus�as a mor�ga�e, appoin�a recei�er vr specifiealiy
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