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2� 1 ��8343 DEED �F TRUST Loan Nv: '1�13��'I 9'! ��on�[tlued} Page � Payment D�faul�. Trus#�r fails to make any paymen�when due under the lndebtedness. ��her De�au[ts. Trus�or fails tv compiy with or to perform any ❑ther term, abligatian, cv�enant or condi�ian c�ntained in �his ❑eed ❑f Trus� or in any of �h� Related Do�uments or to �omply wi�h ❑r to p�rform any t�rm, . ❑bliga�ion, ca�ertant or condi�ion con�ained in any other agreement be�ween Lender and Trus�or. Compliance Defaul#. Failure to camply with any other term, ob�igation, c��enant or conditian con�ained in this Deed af Trust, the Note ar in any of the Reiated ❑ocurnents. Default on Qther Paym�n#s. Failure ❑�Trustor within the�ime required by this Deed of Trust�❑ make any paymen� for taxes ❑r insurance, or any❑�her payment necessary t� pr��en�filing of flr to et�ect discharge o�any�ien. Faise Statemen#s. Any vuarran�y, representation ❑r s�atement made or furnished to Lender by Trustor ❑r on T�-ustar's beha[t under�his Deed o�Trust or�khe Rela�ed ❑ocuments is false or misleading in any material respect, either nflw�r at the time made�r furnished or becomes false or misieading at any time thereafter. Defe�ti�e Colla�eralizativn. This Deed ❑f Trust or any ❑f the Reiated Do�umen�s ceases to be in �ull force and e#-�ect �inc[uding failure ❑fi any ��Ila�eral d�cumen� �o �reate a �alid and per�e�t�d s�curity in�erest vr lieny a� any t�me and for any reason. Dea#h ar lnsol►rency. The death ❑�f Trus�or, the insol�en�y of Trustor, fihe appointment of a re�ei�er�or any par�❑f T�ustor's prop�rty, any assignmen� fvr the benefi� o� credi#ors, any type ❑f creditar warkou�, or the �ammencement of any proceeding under any bankrup��y ar insol��ncy laws by or against Trustvr. Credit�r or Farfeiture Proceedings. Commen�ement of forec�osure or forfeiture praceedin�s, whether by judt��al proceeding, sel#-h��p, reposs�ssivn or any ❑ther method, by any crsditor�t Trustor or by any go�ernmentai agency against any prop�r�y securing the lndebtedness. This includes a garnishmen� ❑f any �� T!'U5�0!'�5 accounts, including depos�t accaunts, wi�h Lender. Hawe�er, this EWen� ❑f Defaul-k shall not apply if there is a g��d fiaith dispute by Trustar as t❑ the Wa�idifiy ❑r r�asonableness o�the claim which is the basis of the credito� ❑r for�ei�ure proceeding and if Trus�tar gi�es Lender wri�ten natice ❑f the credifior o� �vrfeiture proceeding and depasi�s with Lender monies or a surety bond for�he credi�ar❑r farfeiture proceeding, �n an amount determined by Lender, in its s�le discretion, as b�ing an adequa�e reser�e❑r bond far the dispute. Breach vf�ther Agreemen#. Any breach by Trustor under the�erms o� any ather agr�ement between Trustar and Lender #ha-� is na� remedied wi�hin any grace period proWided therein, �ncluding wi�hout limi�a�ian any agreem�nt concerning any indeb��dness ❑r❑�her obligation of T�ustor to Lender, whe�her existing naw or later. E�ren#s Affecfiing Guaran#or. Any of the preceding e�ents occurs wi�h respec��a any guarantor, end�rser, sure�y, or a�commfldation party of any af the Indebtedness ar any guarantor, �ndorser, surety, vr accommoda�ian par�y dies or becomes in�ompe��nt, or re�okes or disputes the �alidi�y af, or liability under, any Guaranty ❑� the Indeb�edness. Ad►rerse Change. A material ad�erse change occurs in Trustor's tinancial condition, or Lender belie�es the prospe��❑f paymen�or perfarmance ❑f�he Indebtedness is impair�d. �nsecuri�y. Lender in govd fai�h belie�es i�self insecure. Right�to Cure. lf any defiault, other fhan a default in payment, is curable and ifi Trustor has n�t been gi�en a notice of a breach❑fi the same pra�ision a�this ❑eed ❑�Trust within the pre�eding twelvs �12} months, it may be cured i� Trus'�or, after Lender sends written natice to Trus�or demanding �ur�e af such defiault: {�y cu�es the default wi�hin fift�en �'�5} days; �r {�} if the cure requir�s mare than fi�teen ��5� days, immediately initiates steps whi�h Lender deems in Lender's sale discretian t� be sufficien� �o cure th� d�faulfi and thereafter con�inu�s and �ompletes all reasonable and necessary s�eps sufficient t❑ p�oduce compliance as soon as reasanably prac�icai. RIGHTS AND REMEDEES �N DEFAULT. !f an E��n�n� Default occurs und�r th�s Deed ❑f Trust, a� any time thereafter, Trustee or Lende�may exercEs� any❑ne ❑r more of the fiollawing righ�s and remedies: Acce�era#ivn Upon Default: Addi#ional Remedies. I� any E�ent ❑� Default vccurs as per th� terms �f the No�e secured hereby, Lender may declare all Indebtedness secured by�his ❑eed af Trus�to be due and payable and �he same shall thereupon hecome due and payab[e withou�any presentment, demand, pro�est or notice o�any kind. Therea��er, Lender may: �a� Either in persan or by agen�fi, with or without bringing any ac�ion or proceeding, ❑r by a recei��r app�inted by a court and wi�hout regard to the adequacy of i�s security, enter upon and �ake possessian o�the Property, or any part there��, En its own name ❑r in the name ❑fi Trus�ee, and da any acts vtirhich i� deems necessary❑r desirable�o preser��the �alue, marke�abili�y or rentabilifiy ❑f the Property, or par�of the Proper�y or interest in the Property; increase the income #rom the Prvperty or pratect the security ❑f the Proper�y; and, wi�h ar withvut taking poss�ssion of the Proper�y, sue for or otherwis� collect th� rents, issues and pro�its o�the Property, in�luding those past due and unpaid, and apply the same, less cos�s and�xpenses of operation and c�llectian attorneys' fees, �a any ind�btedness secured by�his Deed of Trust, all in such order as Lender may de#ermine. The en�ering upon and taking possession v� �he Property, �h� �a[[ection �t su�h rents, issues and profits, and the application therev� shall not cure ❑r wai�e any defaul�❑r notice of default under�his ❑eed of Trust�r in�alidate any a�t done in response to su�h de�au[t❑r pursuant to such notice of defau[t; and, notwiths�anding the cvntinuance in possession �f