2� 1 ��4��8
<br /> deliver, or w�ll �ause fa be made, executed ar delivered, #o Lender or�a Lender's designee, and when r�quested by
<br /> Lende�, cause tfl �e fled, �ecorded, refled, or�ere�arded, as #h�case may be, at su�h�imes and �n such offices and
<br /> pla�es as L�nder may de�m apprapriate, any and al� such mortgages, de�ds af trust, s�curi#y deeds, security
<br /> agre�ments, financin� statemenfs, cantinuation s�atements, instruments of fur�her assuran�e, c�rtifcates, and vther
<br /> documenfs as may, �n the sole opinion of Lender, be necessary ar desirabfe in vrder to effe�tuate, �omplete, pe�fect,
<br /> confinue, or preserve (�} Trus#or`s obligat�ons under the No�e, this Deed of Trus#, and the Re�ated ❑o�uments, and
<br /> (�} the I�ens and security interests crea�ed by this Deed of Trust as frs�and prior liens on�he Prope�ty, whether naw
<br /> owned ar hereafter acquired by Trusfor. Unless prahibited by law or Lender agre�s to the cantrary in vuriting, Trustor
<br /> shalf reimburse Lender for all�vsfs and expens�s incurred in cannection with the matte�s referred fo in this paragraph.
<br /> A��o�ney-in�Fact, Cf Trustor faifs to do any of the things referred tv in the preceding paragraph, Lender may do so for
<br /> and in�he name of Trustor and at Trustar's expense. Far such purposes,Trustar he�eby irr�vocably appoints Lender as
<br /> Trustor's attarney-inMfac�far the purpose ofi making, executing,deliver�ng, filing, �ecording, and do�ng afl ofher�hings as
<br /> may be ne�essary or desirable, in Lender's so�e vpinion, �o accomplish the mat#ers referred tv in the pre�eding
<br /> paragraph.
<br /> FULL PERFOR�IANCE, ff Trustor pays all the Indel�tedn�ss, including►nrithouf limitation all future advances,when due,and
<br /> oth�rw�se per�orms alf the ob�igatians impased upvn Trustor under this ❑eed a�Trust, Lender sha�l execute and deliver tv
<br /> Trustee a r�quest far fiu1! re�onWeyance and shalf execufe and deliver to Trustor su�table statements of ferminativn af any
<br /> finan�ing sta�ement an fie eviden�ing Lender's s��urity in�erest in the Rents and#he Personai P�aper#y. Any reconveyance
<br /> fee required by law sha�l�e paid by Trustor,i�pe�mitfed hy app�icable law.
<br /> EVENTS �F DEFAULT. Each of the faflowing, at Lender's option, shall �onsfitu�e an Event of Defaul� und�r fhis Deed of
<br /> Trust:
<br /> Payment Defauit. Trustor fails to make any payment when du�und�r fhe Ind�bfedness.
<br /> �ther Defaulfs. Trustar fails to comp�y vui#h or to perfvrm any other term,obl�ga�ion,�vvenant or conditian cantained in
<br /> �his ❑eed of Trust or in any of�he Related Do�uments or fo comply with ar to perfarm any ferm, obfiga�ion, covenant or
<br /> conditivn contained in any o�her agreement between Lender and Trustor.
<br /> Comp�iance Defau[t. Fa�lure#a comply with any ofher term, obligafion,c�venant or condition contained in fhis Deed o€
<br /> Trust,the No�e ar in any o�the Related Da�um�nfs.
<br /> De�aui�an ��her Paymen#s. Failure of Trustor withfn fhe tim�required by this❑eed af Trust to make any payment fvr
<br /> faxes ar insurance,ar any ofher payment necessary to p�e�enf filing of or to effect discharge of any lien.
<br /> False 5tatements. Any wa�ranty, represenfa�ion or statement made vr furnished to L�nder by Trustor or an Trus�vr's
<br /> behalf under this Deed vf Trust or the Relafed ❑acuments is false or m�s�eading in any ma#eriaf respect,eithsr n�w or a#
<br /> �he time made or furnished or becomes fals�or misleading at any t�me ther�after.
<br /> ❑efec�i�e Colla�eralization. This Deed of Trust ar any of the Rela�ed Documen�s�eases to be in full force and effecf
<br /> �inc�uding failure a€any ca[lateraf do�ument to create a�al�d and p�r€ected securi�y inferest❑r lien} a�any time and for
<br /> any reason.
<br /> lnsvl�ency. The dissolu�ion ar#erminatinn of Trus#vr's existence as a �oing business, the insolWency of Trustor, �he
<br /> appointmenf of a receiver for� any part of Trustor's property, any assignment f�r the henefit af�reditors, any fype of
<br /> creditar w�rkout, or the commencement vf any praceeding under� any bankruptcy or �nsofvency laws by or against
<br /> Trustor.
<br /> Credi�or or Fvrtei�ure Pro�eedings. Camm�ncemen� of forec�Qsure o� fvrFeiture praceedings, vuhether by �udicia�
<br /> praceeding, se�f-h�lp, repossession or any other me�hod, by any c�editor of Trustor vr by any governmental agency
<br /> agains� any property se�uring the Inde�tedness. This includes a garnishment of any of Trustor's accounts, including
<br /> deposif accoun�s,with Lender. Hawever, th�s Event a�Defau�f sha�[na�app€y if there is a good faith dispufe by Trustor
<br /> as ta the valid�ty or reasonableness vf fhe claim whi�h�s the basis af�he cred'ttor vr forfeiture praceeding and if Trustor
<br /> gives Lender vur�tten n�#ice af the credi#ar or fiarfeiture proceeding and d�posits wi�h Lender manies ar a surety bond far
<br /> the credi#or ar forteiture proceed�ng, �n an amount determined by L�nde�, in its sole discretion, as be�ng an adequate
<br /> reserve or 1�vnd for fhe d'€spute.
<br /> Breach �f a�her Agreemen#. Any breach by Trustor under the �erms of any other agreement betvueen Trustar and
<br /> Lender that is not remedied ►n�th�n any g�ace pe�iod pr��ided �herein, �ncluding without limitation any agreemenf
<br /> canc�rning any indebfedness or o#her obligation of Trust�r to Lender,whether exis�ing now or later.
<br /> E�ents A�fecting �uarantor. Any af the preceding e�ents flccurs vuith respec� to any Guarantor of any of the
<br /> Ind�bfedness or any Guarantvr, ar re�akes or dispu#es the �alidity af, or liabi�ity under, any �ua�anty af �he
<br /> Indebtedness.
<br /> Ad�erse Change. A material adverse change occurs in T�ustor's financia[candi�ion,or Lender belie�es the prospec#of
<br /> payment or performance of fhe fndebtedness�s impaired.
<br /> RIGHTS AND RENiEDIES DN DEFAULT. l�an Event of Default vccurs under this Deed of Trust, a# any time thereafi�er,
<br /> Trustee ar Lender may exe�cis�any one or m�re�f ths fol�owing rights and remedies:
<br /> Ac�eleration Upvn De�ault; Additional Remedies. lf any E�enf ofi Default occurs as per the ferms of the Note
<br /> s�cu�ed he�eby, Lender may decfar�all lndebtedneSs se�ured by this Deed of Trust to be due and payable and the
<br /> same sha�� thereupvn become due and payab�e withvu# any presentment, demand, protes� or notice of any kind.
<br /> Therea�te�,Lender may:
<br /> ta} E�ther in p�rson or�y agent,w�th or withvut bringing any acfion or proceeding,ar�y a receiver appointed
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