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2� 1 �� 1574
<br /> ���� �F `����`�
<br /> �.��u� ��o "��������� ����ti����� Pa�e �
<br /> �he precedinc� paragraph.
<br /> FUL� �EFiF�R�A�CE. ��Trus�ar pays aii the Indebtedness, inc[uding w��hout limitation all future ad�ances, when due,
<br /> and vtherwise performs ali the obligativns impased upan Trustor under this Q�ed af Trust, Lender shail execute and
<br /> d�li�er �o Trustee a request �or fufl reconWeyance and shall ex�cute and de�i�er tc� Trustor suitai��e sta�ements af
<br /> termination o� any finanGing statemen� on �i�e e�idencing Lender's securi�y interest in the Ren#s and the Personal
<br /> P�operty. Any�-econWeyan�e�ee required by iaw shall be paid by Trustor, if permitted by applicable [aw.
<br /> �V��ITS �F �EFAULT. Each ��the tollowing, at L�nder's ���ifln, shaii cansfiitute an Ewent of Qe�ault under�his Qeed
<br /> a�7rust:
<br /> P�yriner��L���aul�. Ti rust�r�ails�a mak� any paymen�vvhen due und�r the lndebt�dness,
<br /> C3�he� C�e��ul�s. T�ustvr fails �o comply vus�th or to p�rfarm any v�her �erm, obliga�ion, co�en�nt or con�i�ion
<br /> contained in this peed r�� Trus� ar in any o� the Re�ated �ocumen�s ar fio c�mpiy wi�h ar tv per�orm any term,
<br /> obliga�ion, coWenant�r c�ndi�ion cvn�ained in any❑ther ag��ement between Lender and Trus�tor.
<br /> Compii�nc� �e��ui�. FaiSure tv compiy with any other �erm, vb�iga�ionr �o�enan� or �vndEtivn con�ained in �his
<br /> �3eed of Trust,the fVot�ar in any v��he Related ��cuments.
<br /> �e�a�l�an��he��'ayr�ents, Failure v�F Trustar within�he time required by this Deed�#Tru$t to make any payment
<br /> for taxe$or insuranc�, ar any v�her payment necessary tv pre��nt�iling af or to e�f�c�dis�harge of any lien.
<br /> False 5�a$�me�$s. Any vuarran�y� r�presen�ation vr statement mad� o� �urnis�hed to Lender by Trusttar ❑r on
<br /> Trustor's behal� under thi� Deed 4f�"rust or�he R�la�ed a�cum�n�s is #al�e or misleading En any m�terial respec#,
<br /> ei�her nvw or a��he�ime rrtade ar furnished or b��am�s�alse or misleading �t any�ime�h�rea�ter.
<br /> ��fec$iue Calla����ld�a��ion. This ❑eed of Trust or any o� the Rela�ed Dacuments c�ases �v b� sn fufl �arce and
<br /> ��fe�t �including �ailure n� any co�la��ral dacument to crea�e � �alid and perfe��ed se�uri�y interest or �ieny a� any
<br /> time and�or any r�asan.
<br /> �e��h o�[nsolv�nGy. The death o�Trus�vr, �he insa�[v�ncy of Trustor, �he aApaintment of a recei�er fa�-any par�❑f
<br /> Trustar's pr�perty, any asstgnment for the b�nefiit af cr�ditars, any type vf cred�tor work�ut, ❑r the
<br /> commencement of any prac�eding under any bankrupt�y ar insol�ency faws by❑r against Trustor.
<br /> C�edi��� ar Fo���i�u�� Proc�ed�n�s. �ommencemen� o� foreclosure Qr forfeiture proceedings, whether by judicial
<br /> pro�e�ding, s�l�-help, repassessivn vr any other me�hod, by any�reditvr of Trus�or or by any gv�ernm�ntal agency
<br /> ag�inst any p�vperty s�curing �he indebtedness, This inGiudes a �arnishmen� o� any o� Trustvr's accoun�s,
<br /> in�luding depa�it ac�ounts, with Lend�r. However. this E�en� ❑� [�e�aul� shal! not app[y i�fiher� is a go�d fai#h
<br /> d��pu�e E�y Trus�tor as to �he Walidity �r reasvnabEeness o�the ciaim whi�h is the basi� ❑f the cr�di�or or �orfei�ure
<br /> proc�eding and if Trustc�� gi�es Lend�r wri��en notice p# the credi�v� �r �vr#ei�ure praceeding and depQsits wi�h
<br /> Lende� mvnies �r a surety band for the �reditar or fvrfei�ure pro�eeding, En an amoun�determined by Lender, in ifis
<br /> �ofe discreti�n, a�being an adequate rese��e or bvnd for the dispute.
<br /> �reach o�Qthe�Agr�em���. Any brea�h by Trustvr under the terms ❑# any❑ther agreement between Trusto�- and
<br /> Lender that is not cemedied within any grace periad praWided ther�in, inciudsng withaut limita�inn any agreem�nt
<br /> concerning any indehtedness or vther obiiga�ion vf Trustar to Lender, whether existing naw or la�er.
<br /> E►��n�s �a����ing �ua�an�o�, Any v'�the p�-eceding e�ents ❑Ccur� with respec�t tv any guaran�vr, endarser, surety,
<br /> ❑r acc�mmada�ian party �� any o# �he Indsa��dness or any guarantar, endvrser, surety, or a��ammada'�i�n party
<br /> dies o� becomes incampetent, or re�okes ❑r disputes �he validity of, or liabili�y und�r, �ny G uaranty vf �he
<br /> Endei��edn�ss.
<br /> �d►�e�s� Cha�nge. A ma��rfa! ad�erse change accurs in Trustar's fin�ncial candi�i�n, ar Lender befie�es �he
<br /> prospect of�aym�n�a�per�ormance v�the indei�t�dn�ss is +mpaired.
<br /> �nsecu�i�y. Lender in good faith belie�es itself ins�cure.
<br /> Exis��ng Ind�h��edn�ss. The payment❑�any instailmen�o� princ�pal ❑r any int�rest nn the Existing indebtedness is
<br /> not made wi�hin the tFm� requir�d by�he promissory nvt� e�idencing such indebtedness, �r a defauit accurs under
<br /> the ins�rum�nt securing such indebtedness and is not�ured during any applicable grace perivd in such instrum�nt,
<br /> or any suit ar ather ac�ion is commen��d�a fore�lose any existing lien on th� Proper�y.
<br /> F�iglh��o Cu��. �f an�defau��t, Qth�r than a default�n Qayment, is curable and i'�Trus�ar has nat been giWen a n�tice
<br /> af�breach❑��he same pra�ision o�this Deed ��Trust wi�hin the pr�ceding twel�� ���y mon�hs, it may b�cured if
<br /> Trus�or, a�t�r Lender send� w�it��n na�iGe tv Trustar demandEng cur� of�uch de��ult: �1} cures�he de�ault wi�thin
<br /> fifteen {'�5f days; ar �2} i��the cure require� mQre�han�i�te�n {�5� days, immediately ini�tiates steps whiGh Lender
<br /> deems in Lender's s�le discretiQn �a be su��icien� to cure the de�aui� and the�e�fter �on�inues and campletes all
<br /> r�asanabEe and ne��ssary steps sufficient t�a praduce�omp[ianc� as Soan�s �easonably prac�icai.
<br /> F�ICHT'S Ai�l�3 RE[�EDIES �� �]EFAULT. ��an EWent n�Default occurs und�r this Deed ❑�Trus�, at any time �herea#�er,
<br /> Trustee❑r Lender may exercise any one ar more o��he�allowing rights and remedies:
<br /> Ac��l����ivn Upvn �efaui�; Additivnal Remedies. If any E�en� v� De�au�t❑ccurs as per the terms af the Nvte
<br /> secured hereby, Lender may deG�are all indebtedness secured by this Dee� of Trust ta be du�and pay�ble and
<br /> �he same shal[the�eup�n �e��me due and �ayable without any pres�n#ment. demand, protest❑r notice af any
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