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2� 1 �� 1721 DEED C]F TRUST Lvan Nv: 1��2943�7 �Gor7tir7ued} Page � Payment Defau{t. Trustor�ai1s to make any payment when due under the lndeb�edness. Q�her Defaults. Trustor #ails to comp(y with or tv p�rform any ather �erm� ahligafiion, ca�enant or �andition contain�d in this ❑e�d ❑f Trus� ❑r in any of the Related Documenfis or to compiy with or to p�rform any term, obligatEan, co�enant�r�ondition con�ained En any ofiher agre�ment betwsen Lender and Trus�or. Comp[iance Default. Fai�ure to comply with any ❑ther �erm, ❑bligativn, co�enant or condi�ion contained in this Deed o�Trus�, the Note or in any of the Reiated Documen�s. ❑efault on�ther Payments. Fai[ure of Trustar within the time required by this ��ed v�Trust to make any payment �or taxes or insurance, or any o�her paymen�necessary to pre�ent filing of�r ta effect discharge❑t any lien. False Statemen#s. Any warran�y, represen�ation or statement made or turnished to Lender by Trustor ar on Trustar's �eha�f under this aeed o�Trust ar the Re�ated ❑ocuments is false or mis��ading in any ma�eria� respect. either n�w�r a�the time made�r turnished�r becomes false or mis[eading at any time th�reafter. Defective Co!latera[ization. This ❑eed of Trust or any �f the Reiated �]ocuments ceases �a be En �ull farce and e��ect �inGluding �ai[ure of any cv�iat�ral document to create a vaiid and perfiected secu��ty interest or �ieny at any time and for any reason. Dea�h or[nsolvency. The death o#Trust�r. �he insoluency of Trus#ar.the appo�ntmen�o�F a �e�ei�er for any par�o� Trustvr's prope��y, any assignment �or the ben�fit of creditors, any type of creditor workout, vr the commencemenfi a�F any pro�eeding under any bankrupficy or insolvency�aws by ar against Trustor. Greditor or Fvrfeiture Pro�eedings. Commencement ❑f forec[osure ❑r �or�eiture prviceedings, whefiher by �udicial proceeding, sel��help, repossession vr any other me�hod, by any creditor af Trustor or by any ga�ernmental agency agains� any praperty securing the indebt�dness. This includes a garnishment o� any o�F Trustvr's a�counts, includ�ng d�pasi� ac�vunts, wi#h Lender. However, �h�s E�ent of ❑efault sha[[ nat apply i� there is a gaod �ai�h dispufie by Trus�or as to �he �a�idity or reasonableness a�the cia�m whi�h is �he basis of the creditvr or forfeiture praceeding and if Trustor gi�es Lender wri��en nv�ice �� the creditor ar #orfeiture proceeding and deposits with Lender manies or a surety �ond for the c�redi�or or forfeiture prac�eding, in an amount determined by Lender, in its sole discretivn� as being an adequate r�ser�e or band �ar the dispu�e. Brea�h vf��her Agreem�nt. Any hreach �y Trustor under the terms ❑�any�fiher a�reemen� between Trustar and Lender that is no� remedied within any grace period prv�ided therein, incfuding withaut iim�tation any agreemen� cancerning any indeb�edness�r other abligati�n of Trustvr t❑ Lender, whether existing nov+r ar later. E�ents Affecting Guarantor. Any of the preceding er�en�s occurs with respect to any guarantv�, endors�r, surety, ❑r a�commodation party o# any a�the �nd�btedness or any guaran�ar, endors�r, surety, or acc�mmadatian pa�rty dies or becom�s incompetent, or re�okes or disputes the �alidity of, or liabiiity under, any Guaranty o� �he lndebtedness. Adverse Change. A mat�rial ad�erse change occurs in Trustor's financ�a� candi�ian, or Lender belieWes the prospect af paymen�or p�r�a�-mance v�the lndeb��dness is impaired. Inse�uri�y. Lend�r in good�ai�h beCiev�s itself insecure. Righ�tv Cure. !f any defau[t. other than a detault in payment, is curable and if Trus�or has nat been gi��n a notice nf a breach of the same pro�ision ❑f#his Deed vt Trust within the preceding twe[�� 2� months, i�may be cured if Trus#or, after Lender sends wr�t�en nv�ice to Trustor demanding cur�o�such de�au�t: {�� cures fihe defaul�wi�hin fifteen ��} days; o� {�} if the �ure requires more than fifteen �15} days, immediately ini�iates steps which Lender deems in Lender's sole discre�ian to be sufficient to cure the defau�t and thereafter cantinues and comp�etes all reasonable and necessary s�eps su�ficien#tn produce compliance as snon as �easonably prac�ical. RIGHTS ANQ REMED�ES ON DEFAULT. lt an E�ent of Default❑ccurs under this Deed of Trus�, at any�ime thereafter, Trustee or Lender may ex�r�ise any❑ne or m�r�of the following rights and remedies: Acceleration Upon Defaui#; Additivnal Remsdies. I� any E�ent of De�au�t❑�curs as per�he �erms ❑f the Note secured hereby, Lender may declare al� �ndebted�ess s�cured by this Deed of Trust to be du� and payable and �he same sha�!thereupon become due and payahle withaut any pressn�ment, demand, protes�or notice o�any kind. Thereafter, Lender may: �a} Either in person or by agent, wEth or withou� bringing any activn ar proceeding, or by a recei�er appa�n�ed by a caurt and wi�hout regard to�he adequacy ❑f Ets security, en�er upvn and take passession ❑t the Property, or any part thereof, in its own name or in the name of Trustee, and d❑ any acts v+rhich it deems necessary ❑r desirahle to preser�e the �aiue, marketability or rentabElity o�the Property, ❑r part af the Property ❑r interest in the Property; inGrease the incame trvm the Praperty �r pro�ect the security o�F the Property; and, with or withoufi �aking passessian o� the Property, sue f�r ar otherwise cvilect the ren�s, issues and profits ❑f the Property, Encluding thase pas�t due and unpaid, and apply the same, [ess cos�s and expenses ��opera�ion and �o�fection afitorneys' �ees� t❑ any�ndebtedness secured by this aeed of Trust, a!i in such order as Lender may dete�mine. The entering upon and taking passession af the Proper#y. the co�fectivn �� such ren�s, �ssues and pro�ifis, and the application thereo� shall not cure or wai�e any defauft or nvtice ❑�de�Fault under this ❑eed o�Trusfi�r in�alidat� any act done in respvnse to such defau[t or pursuant to suGh n��ice o�de�ault; and, notwithstanding ths cvntinuance in passessivn of