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2� 1 �� 1 �79
<br /> aEEa �F T�usT
<br /> Loa� No: 1�����4�7 ���ntinued� Page �
<br /> �nd places as Lender may deem approp�iate, any and a�l su�h mortgages, deeds o�F trust, s�curity deeds, securi�y
<br /> a:greements, tinancing statemen�s, continua�tian statem�nts, instruments af further assurance, c�rtificat�s, and
<br /> �fiher ciocuments as may, in the sole vpinion of Lender, be ne�essary or desirable �n order t�effe�tuate, camplete,
<br /> �erf�c�, c�ntinue, or pres�rve ��} Sorr�w�r's and Trustor's vbligations under the Nate, this ae�d af Trust, and
<br /> t�e Related L�ocuments, and {�} the liens and security in�eres�s created �y this Deed of Trust as firs� and prior
<br /> liens on �he Prvperty, whe�h�r now owned ar hereafter ac�uired by Trustor. Unless prohibified by !aw or Lender
<br /> ��rees �� the contrary in writing, Trustar shall reimburse Lender for all c�s�s and expenses incurred in connectian
<br /> vvith the ma��ers r�ferred to in�his para�raph.
<br /> �ttorney-�n-Fact. If Trus�or fails to do any of the things referred to in the p�'eceding paragraph, Lender may do sv
<br /> far and in �he nam� of Trustor an�l at T�ust�r's expense. For such purpos�s, Trustvr hereby irrev�cably appoin�s
<br /> �ender as Trus�or's a��arney--in-fac���r�he purpase of making, exe�uting, deli�ering, filing, rec�rding, and daing aIl
<br /> ather things as may �e necessary or desirable, �n Lender's so�e vpinion� to accomp�ish the mat�ers referred to in
<br /> �he preceding paragraph.
<br /> FULL PERFORMANCE. lf 6orrow�r and Trustnr pay all the Indebtedness, incfuding without limifiation al� �uture
<br /> ad�a�ces, when due, and Trust�r ath�rwise performs afl the oblig�t�ons imposed upan Trustor under this D�ed of Trust,
<br /> Lend�r shall exe�ufi� and deCi��r to Trustee a r�quest for fuIl recan�eyance and shali �x�cu�� and deii�er �o Trustor
<br /> suitable statem�nts o�terminatian af any financing statement on �il� e�idenc�ng Lender's security int�rest in the Rents
<br /> and �1�e Personal Prop�rty. Any reconveyan�e fiee requir�d by law shall be paid by Trus�ar, if permifited by applicable
<br /> law.
<br /> EVE�.TS �F aEFAULT. Each of fihe fol�owing, at Lender's aptian, shal! cvnstitute an Event of Default under th�s Deed
<br /> ot Tr�st:
<br /> Payrnent D��ault. Borr�wer fails ta make any payment when due under th� Indebtedness.
<br /> �'ther Defaults. Borrower ❑r Trus�tor fails to comp�y ►rvi�h or �o per�orm any other �erm, abligat�an, cav�nant ar
<br /> �ondition contained in�his �eed af Trust �r in any vf th� Rela�ed Documents or to �omply with ❑r to per�Fo�-m any
<br /> t�rm,obligation, co��nant or�onditian cantained in any ath�r ag�eement be�ween Lender and Borrower�r Trustor.
<br /> �ompliance Q�fault. Failure to comply w�th any �ther �erm, obligatian, caWenant or conditian contained in this
<br /> Deed o�Trust, the Note or in any of the Related Dticuments.
<br /> �efault an C�th�r Paym�nts. Failure af Trustar within the time required by�his ❑eed o�Trust to make any payment
<br /> f�r taxes or insurance, or any other payment n�cessary ta pre�ent�iling of�r to ef�ect dischar�e of any�i�n.
<br /> Fals�Statemen�s. Any warranty. represen�ati�n ar sta�ement mad� ar furnished to Lender by Borr�wer or Trus��r
<br /> ar on Borrower's ar Trustor's behalf under �his ❑eed of Trus� or the Refated Documents is fals� or rr�isleading in
<br /> any material respect, either now or a� �he tim� made or furnished �r becomes fia�se o� misl�ading at any tim�
<br /> tl�ereafi�er.
<br /> �efecti�e Cvlia#e�alization. This Qeed of Trust �r any af �he R�:lated Documen�s ceases �o be in full force and
<br /> effec� tincluding failure of any colla�eral document to create a va�id and perfected s�curity int�r�s� vr lien� at any
<br /> time and for any reas�n.
<br /> Death ar Insc�[Wency. The dissa�u�ian af Trustvr's �regardless v'� wh�ther el�ctian ta con�inue is made}, any
<br /> r�nember withdraws�rom the limited liability c�mpany, vr any other termination af Barrovuer's or-Trustor's existence
<br /> as a goin� business or the death of any member, �he insal��ncy of Borrower or Trustar, �he appointment �f a
<br /> ��ceiWer for any part ot Borrower's or Trustor's proper�y, any assignment for the benetit af creditors, any type �f
<br /> creditor warltout, or the cammencem�nt ❑f any pr�ceeding under any banlcrup�cy or insolvency laws by❑r against
<br /> Barrawer�r Trusfor.
<br /> �redi�or vr Forfiei#ure Praceedings. �ammencement of fQreclasur� or fiorfei�ure pr�ceedings, whether by judicial
<br /> proceeding, self-help, repassession or any �ther method, by any creditor af Borrower �r Trust�r ❑r by any
<br /> gov�rnmental agency against any p�aperty securing �h� (ndeb�edness. This includes a garnishment of any of
<br /> Borraw�r's �r Trustor's accounts, in�ludEn� deposit accounts, with Lender. Hawever, this Ev�nt of Default sha![
<br /> not apply i�th�r� is a g�vd faith dispute by Borrower or Trust�r as to the validi�y ar reasanableness o�the claim
<br /> which is tha basis of the credi�or or f�r�eiture pro�eeding and i� Borrower�r Trustvr gi�es Lender writt�n notice af
<br /> the credi��r or forfeiture pro��edin� and d�pasi�s wi�h Lender moni�s or a surety bond �o�the creditor or farf�iture
<br /> proceeding, in an amount determined by L�nder, �n its so��discr�tion, as being an adequate reserv�ar bond for�he
<br /> dispu�ke.
<br /> Brsa�h of�ther Agreemen�. Any breach �y gorro►rver ar Trustvr und�r the terms o�any ather a�re�ment between
<br /> B�rrower ar Trustar and Lender that is not remedied within any grace period pro�ided �herein, including without
<br /> limita�ion any agreement concerning any indebtedness �r other abligation af Sorrawer ar Trus�or to Lender,
<br /> wh�ther existing now ar la�er,
<br /> E�ents Affe�ting Guarantor. Any af the precedin� events occurs with respect�o any guarantor, endarser, surety,
<br /> or accommodation par�y of any of the lnd�btedness or any guarantor, endarser, sure�y, or accomm�dativn party
<br /> dies or b�c�mes incompe�ent, or revolces or disputes the validity vf, or lia�ility under, any Guaranty o� the
<br /> lnd�btedness.
<br /> Ad►�erse Change. A material adverse �hange �ccurs in gorrower's or Trus�or`s financial c�ndi�ian, vr Lender
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