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2� 1 ��7277 DEE[] �F TRUST Laan No: �I�7��97�� Continued� Page � Attorney-in-Fac#. lf Trustor fails t� do any nf the things referred to in the preceding paragraph, Lender may do so f�r and in the name of Trustor and at Trustor's expense, For such purposes, Trustar hereby irre�ocably appoints Lender as Trustar's attorney-in-fact fvr the purpose of rnaking, executing, deli�ering, fiiing, r�c�rding, and dfling a!1 other things as may be necessary or desirable, in Lender's sale ❑pinivn, to accamplish the matters r��erred t❑ in the preceding paragraph. FULL PERF�RMANCE, It Barrovuer and Trustar pay atl the Indebtedne�� when due, and Trust�� therwise performs aEl the obligatiar�s impos�d upan Trustor unde�this Deed o�Trust, Lender shall execute and de4i�er to Trustee a request for fuil re�on�eyan�e and shall execute and d�li�er to Trust��suitable statements of terminarion of any financing statement on fi�e ��idencing L�nder's security interest in the Rents and the Personal Prop�rty. Any re��n�eyance f�e required by !aw shaal be pa�d by Trustvr, if permitted by applicable �aw. EVENTS DF DEFAULT. Each of the follow�ng, at L�nder's optian, shall constitute an E�ent of De�ault under this ❑��d of Trust: Payment❑efault. Barrawer fails t❑ make any paym�nt when due under the Indebtedness. �ther Defaults. B�rrower or Trustor fails to comply with or t❑ perform any other term, obligatian, cQ�enant or canditivn �vntained in this Deed of Trust ❑r in any o� the Related Documents or t❑ ��mply with ❑r to p�rform any term, obligation, cv�enant or condit�on �ontained in any ❑ther agreement between Lender and Borr�wer or Trustar. �ompliance Default. Failure to comply with any other term, obligati�n, co�enant or cvndition contain�d in this Deed of Trust, the Nvte or in any❑f the Relate� Dacum�nts. Default an Qther Paymen#s. Faiiure ❑f Trustvr within the time required by this �eed �f Trust to make any payment for�axes ar ir�surance, or any ather payment necessary t❑ prs�ent filing ofi or to effe�t discharge of any lien. False Statements. Any warranty, representation or statement made or furnished to Lender by Barrower or Trustvr �r on Bvrr�wer's ar Trust�r's behalf under this Deed of Trust or the Related Documents is false or misleading in any material respect, either naw ❑r at the time made or furnished or be�omes false or misleading at any time thereafter. Defecti�e Collateralization. This Deed of Trust ar any ❑f the Related Dacuments CB�5�5 to he in full farce and effect �including failure af any Gvllatera! documen� to create a �alid and perfected security interest ❑r I�en� at any time and for any reason. Death vr Insolvency. The dissolution of Trustor's �regardless af whether election to cantinue is made�, any member withdraws �rom �he lim�ted liabifity company, ar any other terminat+on of Barrower's ar Trustor's ex�st�nGe as a going business �r the death of any memher, th� insol��ncy of Borrawer ar Trustor, the appointment of a reGei�er for any part of Borrawer's �r Trustar'� property, any assignment for the benefit of creditars, any type of �reditar wark�ut, ar the commencement af any proceeding under any �ankruptcy ❑r insol�en�y laws �y or against Borrawer or Trustor. Credi#vr v� Forfeiture Proceedings. Commencement vf foreclvsure or forfeiture prac�edings, whether by judicia! praceeding, self-help, repassessivn or any vther method, by any credit�r of Borrower or Trustar ar by any ga�ernmenta! agency against any prnperty se�uring the f ndebtedness. This includes a garnishment of any vf Borrower's ar Trustor's accvunts, including deposit aC�ounts, with Lender. Howe�er, this E�ent a# Default shai� not apply if there is a g�ad faith dispute by Barrower or Trust�r as ta the �alidity ar reasonableness ❑� the claim which is the basis of the creditar vr forfe�ture proceeding and if B�rrvwer or Trustar gi�es Lender wri�t�n notice of the creditar ❑r for�eiture praceeding and depasits vuith Lender manies or a surety bond f��the credi��r or f�r#eiture proceeding, in an amount determined by Lender, in its sale discretian, as being an adequate res�r�e �r hond far the dispute. Breach of�]ther Agreement. Any breach by B�rrvwer or Trus�or under the terms �f any other agreement between Barrawer or Trustor and Lender that is not remedied within any grace period pra�id�d therein, including without limitation any agreement ��ncerning any �ndebtedness �r ather abligation of Barr�wer or Trust�r to Lender, whether existing naw vr later. E�ents Affecting Guarantor. Any ❑f the preceding e�ents occurs with respect t❑ any guarantar, endorser, surety, �r accvmmodation party of any vf the �ndebtedness or any guarantor, endorser, surety, ar accommodation party dies or becomes incompetent, or re�okes or d�sputes the �atidity ❑f, ar liabifity und�r, any Guaran�y ❑f the Indebtedn�ss. Adverse Chang�. A material ad�erse change occurs in Borrower's or Trustor's frnancial conditi�n, �r Lender beiieves th� pr�spect❑f payment or performance a�the �ndebtedness is impaired, Insecurity. Lender in good faith belie�es itse!#insecure. Right to Cure. If any default, �ther than a default in payment, is curable and if Trustor has not been gi�en a noti�e ❑f a breach o#the same pro�ision o�this Deed of Trust within the preceding twei�e �1�y manths, it may be cured if Trust�r, after L�nder sends written notice ta Barrower demanding cure af such default: �1� cures the default within fifteen t 15} days; or fZ} if the cure requires rnore than fifteen �15y days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient t❑ cure the default and thereafter �ontinues and �ompletes all reasonab�e and necessary steps sufficient to produ�e cvmpliance as so�n as reasonab�y practical.