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2� 1 ��75�8
<br /> ���� �F �����
<br /> Lo�n �o: 1�7 3D�7�� ����t��u�d� Page �
<br /> v�Trus�;
<br /> Paymen�Defaulti. Trustor�ails to make any paym�nt rnrhen due under�he lndebfiedness.
<br /> C�ther Defiauits. Trus�ar tails to cvmpfy v►�ith ❑r �� perfflrm any o�her �ernn, obligativn, �a�enant or condition
<br /> cantained in �this ❑eed ❑f Trust ❑r in any ❑� the Rela�ed Dacuments �r tv campiy with or t� perform any term,
<br /> �bliga�ivn, cavenant ar condi�ivn c�n�ained in any ather agreem�nt be�ween Lender and Trus�or:
<br /> Cvmpliance C3efaul�. Fail�re �v camp�y rrvith a�y ath�r term, �bligatian, c�Wenant or condi�ion con�ained in th�s
<br /> D�ed of Trust, �he Nv�e ar in any❑�the Related DQcurnents.
<br /> DefauCt vn Other Paymen#s. Fail�are a�Trustor wi�hin the t�me re�uired by�his Deed o�Trust to make any paym�nt
<br /> f�r taxes or insurance, or any ather paymen�necessary to pre�en�t filing o�v��o e��ec�discharge o�any lien.
<br /> False 5tatemenfis, Any warranty, representation ar statement made or furnished to Lender by Trus�ar or on
<br /> Tru�s���'s k�ehal� under�his �3�ed o�Tru�� �r �he Related Do�umen�� is false ❑� misleading in any material respect,
<br /> either now vr at th�fiime made or furnished ar becomes�a1se ar rnisleading at any�ime ther�after.
<br /> Defecti�e �a[�a�eralizatit�n. This Deed vf Trust or any of the Related C�ocumen�� c�ases to be in fu[C farce and
<br /> �ffe�t �including �ailure ❑� �ny cvl[ateraf dacumen� �v create a valid and perfe�ted securifiy interes# or lien} at any
<br /> time and �or any r�ason.
<br /> Dea�h or lnsal►renc�, The dissa�utian �� Trus�or's �regardless �� whether e�ec�ion ta con�inue is made�, any
<br /> member �nri�hdraws �rom �he �imited [ia�ili�� company, �r any �ther termination vf Trustar's exis�ence as a gaing
<br /> busin�ss or the dea�h vf any mer�ber. the in�a�uency a� Trustar, the appointmenfi af a re�ei��r far any part of
<br /> Trusta�`s prvp�rty� any assignment �o� the her�efit of ereditors, any fiype of creditor �►rorkout, �r �he
<br /> cvmmencement af�ny prviceeding under any bankrup�cy or insolvency laws by❑r against Trustor.
<br /> Creditvr or Far�eiture Pro�eedings. Cvmmencement af foreclosure vr fvr�eitr�r� pr�ceedings, whether by judic�al
<br /> prviceeding, self-help, r�poss�ssi�n or any o�her me�hvd, by any creditor af Trustvr vr by any gavernmental agency
<br /> a�ainst any prvperty securing �he �ndeb�edn�ss. This incfudes a garnishment of any vf Trustor's ac�ounts,
<br /> including depasi�r �ccounts, wifh Lend�r. Hovve�er, �his E�ent o�F Defaul� �hall not apply if there is a good fai�h
<br /> dispute �y T'rustor as tn �he �a�lidity or reasvnableness o�the c[aim which is the bas�s of �he credit�r �r �arfei�ure
<br /> proce�ding and i�F Trustar �iues Lender �ruri�ten natice af the Greditvr �r #orfeiture prviceeding ar�d depasits wi�h
<br /> Lender monies or a surety band ��r the credit�r or�for�eiture pr�ceedin�, in an amount determined by Lender, in its
<br /> svle discretion, as �eing an adequa�e res�r�e ar bond far the dispute.
<br /> Breach o�C]ther Agreemen�. Any brea�h by Trustvr unde� �he terms o� any ather agreement bet�rv�en Trustvr and
<br /> Lender �hat is na� remedied within any grace ���ind prn�rided thereir�, in�luding wi�hvut limitation any agreement
<br /> Goncerning any indebt�dness ar ather obliga�ion of Trus�ar fa Lender, whether existing now or la�er.
<br /> Events A�fe�ting Guaranfor. Any o�the preceding e�en�s o�curs with r�spect t❑ any g�arant�r, endnrser, surety,
<br /> ar accamr�nada�ian party a� any af the Indeb�edness ar any guarantvr, endorser, sure�ty, or accommadatian par�y
<br /> dies ar hecomes incompet�nt, ❑r reWal�es or dispu�es xhe Wa�idity ❑�, ar liabi(ity unde�, any Guaranty o� the
<br /> f ndebtedness.
<br /> Adverse Change. A materiaC adverse �hange occurs in Trus�ar'� �inancial cvnditivn, ar Lender believes �he
<br /> praspect a�paymen'�vr per�ormance af#he [ndeb�tedness is impaired.
<br /> Insecurity. Lender in good faith be�ie�es itself insecu�e.
<br /> Right tv Cure. lf any defau�t, ather than a de�Fau[t in payment. is curable and if Trus�o� has not�een gi�en a notice
<br /> o�a �r�ach af the same pra�ision af�his Deed vf�'r�ust within the preceding twel�e 412} mon�hs, i�may �e cured if
<br /> Trus�vr, after Lender sends written n�tice fio Trus�ar d�manding �ure vf such d�fault: {�� cures �he defau�t within
<br /> �ifte�n ��5� days; or ��} if the �ure requires mare than fifteen {�5� days, immediately initiates s�eps which Lender
<br /> deems in Lender's sol� discretivn �o be sufficien� �� cure the def�u[� and �hereafter cpntinues and campletes all
<br /> r�asanab[e and necessary s�e�s suf�ic�ent to produce �vmplianc� as s��n as reasanab[y pra�tical.
<br /> RCGHTS AND REN�EDlES C7N DEFAULT. !f an E�ent❑f ❑efault vccurs under this Deed v#Trus�, at any t�me therea�ter,
<br /> Truste� vr Lender ma�exercise any ane or more���he fo�lowing rig�ts and r�medies.
<br /> Ac��leratian Upvn Default: Addi�ional Rem�dies. If any Errent af Defauft occurs as per the term� o�the Nafie
<br /> secured hereby, L�nder may declar� a[C �ndebtedness secur�d by this Deed of Trust t❑ be due and payabie and
<br /> �he same sha[�fi�hereupan became due and payable wi�hout�ny presentment, demand, protest Qr notice o�F any
<br /> kind. The�eafter, Lender may:
<br /> �a� Either in person ar by agen�, with or wi�haut brinc�ing any a�tion ar prn�eeding� or by a r�cei�er
<br /> appain�ed by a cvur� and virithout r�gard to the adequacy of its se�urity, enter upvn and �ake pvssession
<br /> af the Proper�y, vr any part�h�revf, in its nwn name vr in the name vf Trus�ee, and do any a�ts which it
<br /> deems necessary or desirable�v preser���he �afu�, nnarketability or renta�ility vf the Property, ar part of
<br /> �he Prvp�rty or �nteres� in the P�ap�rty; increase the in�vme �ram �he Property or protect the security af
<br /> �h� Pr��erty; and� with c�r withaut taking passessior� of the Prvperty, sue �or or vthervvise collect the
<br /> ren�s, issues and pro�its ❑� the Praperty, inciuding those past due and unpa"rd, and apply the same, Iess
<br /> casts and expenses of aperatian and collec��on at�arneys' �ees, tQ any indebtedness secured �y this D�ed
<br /> +vf T�ust, al� in �u�h order as Lender may d�termine. The en�ering upon and �aking possessi�n ❑f �h�
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