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specified in the Credit Agreement, and is subject to a late payment charge in accordance with <br />Section 2.5 of the Credit Agreement. <br />Section 6.01. Events of Default. The occurrence of any one or more of the following <br />events is an "Event of Default" under this Deed of Trust: <br />Document; <br />Agreement; <br />(d) Trustor makes or permits the occurrence of transfer or encumbrance in <br />violation of Section 3.09 hereof; <br />(e) Trustor shall file of record or serve Beneficiary with any notice limiting the <br />maximum amount secured by this Deed of Trust to any amount; <br />(f) Any representation or warranty made or given by Trustor in this Deed of <br />Trust proves to be false or misleading in any material respect; or <br />(g) Trustor fails to perform any obligation, term, or provision arising under this <br />Deed of Trust, other than as provided in clauses (a) through (f) of this Section 6.01, and does <br />not cure that failure within thirty days after written notice from Beneficiary or Trustee, or, if the <br />Default cannot be cured in thirty days, within a reasonable time but not to exceed ninety days <br />after such written notice. <br />Section 6.02. Remedies. Upon the occurrence of an Event of Default, all of the <br />Secured Obligations shall become immediately due and payable at the option of Beneficiary, <br />without further notice or demand. In addition, irrespective of whether Beneficiary exercises said <br />option, it may exercise any and all rights and remedies available to a mortgagee or secured <br />party at law or in equity, including but not limited to the following: <br />(a) Beneficiary may enter upon, take immediate possession of, manage, and <br />operate the Property or any part thereof; make repairs and alterations and do any acts that <br />Beneficiary deems reasonably proper and necessary or advisable to protect the security hereof, <br />including but not limited to those granted Beneficiary pursuant to the other Loan Documents; and <br />either with or without taking possession, in its own name, sue for or otherwise collect and receive <br />Rents, including those past due and unpaid, and apply the same, less costs and expenses of <br />operation and collection, including reasonable attorneys' fees and Beneficiary's costs, upon the <br />Secured Obligations and in such order as Beneficiary may determine. Upon request of Beneficiary, <br />Trustor shall assemble and make available to Beneficiary at the Land any of the Personalty that <br />has been removed therefrom. The entering upon and taking possession of the Property, the <br />collection of any Rents, and the application thereof as aforesaid shall not cure or waive any default <br />FNBO /Nova -Tech <br />Deed of Trust <br />DOCS/1660316.5 <br />ARTICLE VI <br />EVENTS OF DEFAULT; REMEDIES <br />11 <br />(a) An Event of Default under the Credit Agreement or any other Loan <br />(b) Any default by Trustor under the Guaranty; <br />2016053 <br />(c) An "Event of Default" as that term is defined in the Nova Credit <br />