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2� 1 ����37
<br /> DEED �F TRUST
<br /> Loan Nv: 1�'I 2985�8 {Cantinued} Page 6
<br /> the Related Documents, and �2} the lie��s and sec�rifiy interes�s created by this Deed o�Trust as first and privr
<br /> liens ❑n the Proper�y, whether na►rv owned ❑r hereaf-�er acquir�d by Trusfior. Un[ess prohEbEted by law vr Lender
<br /> agrees tv the contrary in writing, Trustar shall r�imburse Lender�or al[ costs and expenses incurred in connection
<br /> with the matters referred fio in this paragraph.
<br /> Attorney�in�Fac�. l�Trustor faEis t� d❑ an�,� o�fihe thEngs referred ta in the preceding pa�agraph, Lender may d❑ so
<br /> fvr and in the name of Trustor and at Trus�ar's expense. For such purpvses, Trustor hereby irre�aca�ly appoints
<br /> Lender as Trustor's attorney-in-�act fvr the purpase of making, executing, de[i�ering, filing, recording, and doing all
<br /> ather thEngs as may be necessary ❑r desirab�e, in Lender's sole opinivn, to accomplish the ma��ers referred to in
<br /> the preceding paragraph.
<br /> FULL PERF�RMANCE. lf Borrower and Trus�ar pay a[� th� lndebtedness, including withvut l�mitafiivn a�l future
<br /> ad�ances, when due, and Trusto�❑th�rwise performs a[[th� obligatians Emposed upon Trustor under this Deed of Trust,
<br /> Lend�r shall execut� and deli�er to Trustee a request far full recan�eyance and shall exe�ute and de[i�er tv Trustor
<br /> suifiabie statements of term�nation v� any financing staternen� on #ile e�idencing Lender's security int�rest in the Rents
<br /> and the Persvna[ Prvperty. Any re�onveyance fee required by [aw shal� be paid by Trusta�, if permitted by applica�je
<br /> [aw.
<br /> EVENTS OF DEFAULT. Each ofi fihe following, at Lender's option, shall constitute an E�ent of De�ault und�r this Deed
<br /> ��Trust:
<br /> Payment DefauEt. Borrower fails�o make�ny payment when due under the lndebtedness.
<br /> Qther D�faults. B�rrower or Trustar #ails ta comp[y with ar ta per€orm any other term, obligation, ca�enant or
<br /> candition contained in this Deed of Trust ar in any v�the Relafied ❑ocuments ❑r fio �vmp[y with ❑r to perform any
<br /> term, obligation, cv�enant or conditian cortitained in any❑ther agreem�nt between Lender and 6orrower❑r Trustor.
<br /> Cvmpfiance Defauit. Failure ta comply v+ri�h any �ther term, ❑bligat�fln, �o�enant or conditian cantained in this
<br /> Deed of Trust�the Nate or in any�f the Related ❑�cum�nts.
<br /> ❑efau�t on Dther Payments. Fa��ure�f Trustor within �h�t�me required by this Deed of Trust�o make any paymenfi
<br /> far taxes or Ensurance, or any ather payment necessary tn pre�en�filing of ar ta etfect discharg� of any lien.
<br /> False 5#afements. Any warranty, representatian ❑r s�a��men�made or turnished to Lender by Borrower or Trustvr
<br /> or ❑n Borrower's ar Trustor's �eha[f und�r �his Deed o�Trust ❑r the Related Documents is false v�- misleading in
<br /> any material r�speGt, �ifiher now or at the time made �r �u�nished or becomes fa[se or misleading at any time
<br /> thereafter.
<br /> ❑efecfiive Cvllateraliza�ion. This Deed of Trust or any ot the Related Documents ceas�s to he in #ull f�rc� and
<br /> effe�t {including failure of any colfateral do�ument to �reate a �alid and p�rfected securi�y in�eres� or lien} at any
<br /> time and-For any reasvn.
<br /> Dea#h vr�nsoIvency. The death of Barrov�rer or Trustor, the insol�ency of Borr�w�r or Trustor, the appoin�ment o�
<br /> a recei�er�or any parfi o�Borrower's ❑r Trustor's prvperty, any assignment for the b�ne�it of cr�ditors, any type ❑f
<br /> credifior w�rkout, or the commencement af any proceeding under any bankruptcy or insol�ency laws by or against
<br /> 6orrawer❑r Trustar.
<br /> Gr�di�ar or Forfeiture Pro�eedings. Comrnencemen� of farec�osure or forfeiture proceedings, whether by judiciai
<br /> proceeding, self-help, repossession or ar�y ofihe� method, by any creditor of Borrvwer ❑r Trustor or by any
<br /> governmental ag�ncy against any praper�ty securing the Indebtedness. This includes a garnishmen� of any o#
<br /> Borrower's or Trustor's acc�unts, �ncluding deposi# accounts, with Lender. Howe�er, �his E�enfi of Defaul� sha�i
<br /> not apply i�there is a g�od �aifih dispute I�y Borrower or Trustor as to the �a[idity �r reasvnab[eness ❑f the claim
<br /> which �s the basis o�the credifivr❑r fvrfeiture pro�eeding and if Bvrrawer or Trustor gi�es Lender written nvtice af
<br /> the creditor or farfeitur� prviceeding and depasits with Lender mvnies vr a surety bond for the �reditor or forfeiture
<br /> pr�ceeding, in an amaunt determined by L�nder, in its svle discretion, as being an adequate res�r�e ❑r bond#or th�
<br /> dispufie.
<br /> greach o��ther Agreemen#. Any br�ach l�y Borrower❑r Trustor und�r the terms of any❑ther agreement hetween
<br /> 6orrower vr Trusta�- and Lender that is n�]fi remedi�d wi�hin any grace periad pro�ided therein, including withou�
<br /> iimita�ion any agreement concerning any► indebtedness ❑r vther ❑bligation ❑f Bv�-�-ower ❑r Trus�or �❑ Lender,
<br /> whe�her existing naw or[ater.
<br /> Events AfFecting Guarantor. Any of�he �areceding events ac�urs wsth respe�t�o any guarantor, endorser, surety,
<br /> �r accammada�ian par�y ❑f any ot the lndebfiedness or any guarantor, endors�r, surety, or accommadativn party
<br /> dies or becomes incompsten�t, or re�ok�s or disputes the �alidity ot, vr liabi[ity under, any Guaranty of the
<br /> Indebtedness.
<br /> Ad►►erse Change. A material ad�e�se cr�an�e accurs in Borrower's ar Trustvr's tinancial conditivn, or Lender
<br /> be��eves�he prospecfi of paymen�❑r perfQrmance of�he lndebt�dness �s impaired.
<br /> lnsecurity. Lend�r in go�d�aith beli�ves itself insecure.
<br /> Exis#ing indebtedness. The payment of ariy installment❑f principa! or any in�eres�on the Existing Indehtedness is
<br /> nat made wi�hin the fime required by the ��romissory nvte e�Edencing such indehfiedness, ar a defaul�vccurs under
<br /> the instrumenfi securing such indebt�dnes� and �s not cured during any applicab[e grace periad in such instrument,
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