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� 2� 1 �� 1 �83 � DEED �F TRUST , Lvan No: 'I 4�2�4�'15 �C�ntM�lu�d} Page � � �he preceding paragraph. . � FULL PERF�RMANCE. if Trus�ar pays afl the lndebtedness when du�, and oth�rwise per�orms all the abliga�ians impos�d upon Trustor under �his Deed ��F Trus�, Lender shall execute and del��er �❑ Trus�ee a reques� for full � recan�eyanc� and shall execute and de�i�er�k❑Trustor suitable s�a�emen�s �f termina�ion a�F any financ�ng statement❑n fi�e e�idencing Lende�-'s security interes�in th� R�nts and the Personal Prop�rfiy. Any reconveyance fee required by law ' sha�I be paid by Trustar, if permitted by app�ica�le law. EVENTS DF DEFAULT. Each �f the following, a� Lender's vp�ion, shall cans�itute an EWenfi of De�aulfi under�his Deed ' ❑f Trust: � Paymen#Defaul�. Trustor fails to make any paymen�when due under�he Indehtedness. � ' �fher Defaulfs. Trustor �ails to camply with or to perform any o�her �erm, obli�ation, coWenan�fi or �onditivn � con�ained in this Deed of Trust ❑r in any o� the Related Do�uments or �o Gomply with or �n perfarm any term, ' ❑bligation, co�enan�❑r candi�ion contained in any v�her agreement be�ween Lender and Trus�or. Compliance De�fauit. Failure �❑ camp�y with any other term, obligation, ca�enant or candifiion con�ained in fihis Deed of Trust,the Note or in any of the Related Documen�s. ❑efaul#on ��her Paymen#s. Failure of Trustor wi�hin the time required by this I�eed af Trus�k�o make any paymen� for tax�s or insuran�e, or any❑fiher payment necessary ta pr��ent filing of ar to�ffec�d�scharge❑fi any lien. � False 5�atemen�s. Any warranfiy, represen�atton or statement made ❑r furnished to L�nder by Trusfiar or on � Trustor's behalfi under th�s C�eed of Trust❑r the Relafied ❑acuments is false ar misleading in any material respec�, . �ither now ar at th��ime made or furnished or laecomes fa�se or misleading a�any�ime thereafter. Defe�t�ve Co��ateralizafiion. This Deed o� Trust ❑r any vf �he Re[a�t�d Dacumsnts ceases �o be in full �Farce and � ef�e�t {including failure o� any colla�eral document tv creafie a �a[id and perfec�ed securi�y interes� ❑r lien� a�k any time and�or any reason. , , Dea�h or fnsol�ren�y. The dissa[ufiion o� Trustor`s �regardless o� whefiher e�e�tivn �a cantinue is made}, any � memb�r wi�hdraws ��om the fimi�ed liabili�y campany, ❑r any o�h�r termina�tian ❑f Trustor's existence as a going ; business or the dea�h ❑� any member, the insol�ency ❑f Trustor, the appvintment ❑f a recei�er �or any part af Trustor's prop�rty, any ass�gnment far the bene�it ❑�f creditors, any type of �creditor workvut, ❑r �he commenGemen�of any proceeding under any bankruptcy❑r insol�ency[aws by or agains�Trustor. Creditar or Farfeiture Pro�eedings. Commencement ot fare�losure or forfei�ure pr�ceedings, whether by judicial proceeding, s�lf--help, repossessivn❑r any❑ther me�hac�, i�y any creditor o�F Trustor❑r by any go�ernmenta! agency ' agains� any praper�y securing �he Indeb�edness. This includes a garnishment of any ❑f Trus�ar's accvunts, � including deposi� accaunts, with Lender. Howe�er, this E�ent ❑� Defau[t sha[f not apply it there is a good fai�kh dispu�e by Trus�or as t❑ �he Walidity ❑r reasvnableness of the claim wh�ch is �he hasis of the creditor or�Forfeifiure proce�ding and i� Trus�or gi�es Lende�- written notic� o� the credifiar ❑r fo��ei�u�e praceeding and deposits wi�h Lender monies or a sure�y bond �ar�he creditvr or�orfieiture pro�eeding, in an amaun�de�ermined by Lender, in i�s so�e discretion, as being an adequate reserWe or bond far�he dispu�e. Brea�h of❑�her Agreement. Any breach by Trus�or under the�erms o� any o�her agreement between Trusto� and Lender �hat is na� remedied within any grace period pro�ided the�-ein, sncluding wi�haut l�mifia�ion any agreemen� � concerning any indel�tedness or❑�her o�ligation❑f Trus�tvr�❑ Lender, whe�her existing now or late�-. Events Affecting Guarantor. Any �f the preceding e�ents vc�urs with respect to any guarantor, endorser, sure�y, ❑r accommvda�ion party af any ❑�F�he �ndeb�edness or any guaran�ar, endorser, surety, or accomm�dation par�y dies ❑r be�omes incampe�ent, or re�akes or disputes �he �a[idi�y v�, or liabi�ity under, any Guaran�y af the lndehfiedness. Ad�erse Change. A ma�erial ad�er-se change accurs in Trus�or`s �financial candi�ian, vr Lender �elie�es �he � prospect❑f paymen�or per�ormance of the lndebtedness is impaired. �nsecuri�y. Lender in good fai�h believes itself insecure. Right ta Cure. If any default, other than a defaul�in paymen�, is curable and i�Trus�or has not been gi�en a notice . of a breach❑f the same provision❑f this �eed ❑�Trust wifihin the preceding twel�e {�2} months, it may be cured i� . Trustvr, after Lender sends written n�'�ice t❑Trustor demandin� cure ❑f such defiauIt: �1} cures�he default wi�hin , � fifteen {�5� days; ❑r �� i��he cure requires more�han fif�een �15} days, immediateiy ini�iates steps which Lender � deems in Lender's sole discretFon fio be su-��icient�v cure the de�aul� and �hereafter cantinues and completes al� reasonable and necessa�ry s�eps su��cient to produce �ampliance as saan as reasonalaIy prac�ical. RIGHTS AND REMEDIES aN DEFAULT. �f an E�en�❑f Default❑ccurs under�his �eed of Trust, at any time thereaf�er, Trustee or Lender may exercise any❑ne a�-more vf the fal�owing rights and remedies: A��eleratian Upon De#au�t; Additianaf Remedies. If any Even�❑fi ❑e�aul�occurs as per the terms o�fihe Note secur�d hereby, Lender may declare ail Indebtedness secured by�his ❑eed of Trus��a be due and payable and the same shall thereupon become due and payable wi�hau�any presen�ment, demand, pro�est❑r natice of any kind. Thereaf��r, Lender may: �a} Eith�r fn person or by agent, with ❑r withaut bringing any a�tion or proceeding, or by a recei�er