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2� 1 ��874� DEED �F TRUST Loan Na: 'I�'I 299552 ��ntinuedj Page � Documents, and ��y th� liens and se�urity interests created by this Deed af Trust as first and prio� liens on the Property, whether naw ❑wned or herea�te� acquired by Trustor. Unless prohibited by faw or Lender agrees to the contrary in vuriting, Trustor sha�i reimburse Lender #ar aii costs and expenses incurred in connection with the matters re�erred to in th�s paragraph. Attorney-in-Fact. If Trustor fails to d❑ any ❑f the things reterred t❑ in th� preceding paragraph, Lender may dn so far and in the nam�e of Trustor and at Trus�or's expens�. For such purposes, Trustor hereby irre�ocably appoints Lender as Trustor's artorney-in-#ac�far the purpase of making, executing, deli�ering, filing, recvrding, and doing al� other things as may be necessary ar desirabie, in Lende�'s s�le ❑pini�n, to accomplish the matters re�erred to in the preceding paragraph. FULL PERF�RMANCE. If Trustor pays all the �ndebtedness when due, and otherwise performs a�l the obligatians imposed upon Trustor under this Deed a� Trust, Lender shaE[ ex�cute and deii�er ta Trustee a requ�st fc�r fui� recon��yance and shall execute and deli�er to Trustor suitable s�atements ❑f terminatEon ot any tinancing statemer�t on fi[e e��denc+ng Lend�r's security interest in the Rents and the Persanaf Prop�rty. Any recon�eyan�e f�e required by law shall be paid by Trust�r, if permitted by applicabie iaw. EVENTS �F ❑EFAULT. Each of the toilowing, a� Lender's aption, shall canstitute an E�ent of Default under this Deed of Trus�: Payment Defau�t. Trustor#ails to make any paymer�t when due under the Indebtedness. 4tk�er Defaults. Trustor �ails ta comply with or ta perform any o�her term, obligation, �v�enant ❑r candition contained in this Deed flf Trust or ir� any af the Re�ated Docum�nts vr t❑ comply with or t� perforr'r� any t�rm, obligatian, ca�enant or candi�ion cantained in any ather agreement between Lender and Trust�r. Compliance Default. Failure to cor�npEy with any ather term, obligatian, co�enant or canditian evntained in this Deed of Trust,�he Nnte or�n any of the Related Docur�nents. De�Fault on Qther Paymer�ts. Failure ❑f Trustar within t�e time r�quired �y this Deed af Trus�to make any payment for taxes or insurance, or any ather payment ne�essary to pre�ent filing of or to effe�t dEscharge af any iien. Faise Stateme�ts. Ar�y warrar�ty, representat�on ar statem�nt r�ade ❑r furnished to Lender by Trustor or on Trustvr's behaff und�r this Deed af Trus� +or the R�lated Documents is faise or misleading in any material respect, either naw�r at the�time made or fur�is�ed ar becomes�Fals� or misleading at any time therea#ter. ❑efecti�e Collateralization. This Deed o� Trust or any of the Related Documents �eases to be in full fo�c� and effect �including failure of any cv�fatera! documer�t to Greate a �alid and perfected se�urity interest o� lienf at any time and for any reason, InsolWency. The dissolutian ar termination ❑� Trustor's existence as a g�ing business, the insol�ency ❑f Trustor, the appointment af a recei��r for any part of Trustor's prflperty, any assignment f�r the benefit af creditars, any type of creditor wvrkout, or the commencement vf any proceeding under ar�y bankruptcy or insvl�ency laws by or aga�nst Trustvr. Credi�or o� Forfei#ure Proceedings. Cammencement af forec�asure or forfeiture proceedings, whether by �udicial proceeding, self-help, repossessian or any other method, by any creditor at Trus�or or by any go�ernmenta[ agency aga+nst any prdperty se�uring �he Indebtedness. This inc�udes a garnishment ❑f any of Trustor's accounts, including deposit acGaunts, wi�h Lender. Howe�er, this EWent of ❑e�ault shall nat apply if there is a good faith dispute by Trustar as to the �a[id�ty or reasonabl�ness of the �laim which is the basis of the creditor or forfetture proc�eding and if Trustor gi�es Lender wri#ten natice af the creditar ar f�rf�iture praceeding and deposits with Lender manies or a surety band for the creditor ar forfeiture proceeding, in an amount determin�d by Lender, in its sole discretion, as being an adequate reser�e or band for the dispute. Breach of�ther Agreement. Any breach by Trust�r under the t�rms a# any oth�r agreement between Trustar and Lender that is not remedied within any graCe period pro�ided therein, inc�udir�g without limitation any agreement cancerning ar�y indebtedness�r❑ther obligation af Trustor to Lender, whether exist�ng now❑r later. E�ents Affecting Guarantor. Any of the pre�eding eWents occurs witf� respect �❑ any Guarantor of any of #he indebtedness ❑r any Guarantnr dies or beca�r'�es incompet�nt, or re��k�s o� disputes the �aiidity �f, or liabi��ty ut�der, any Guaranty af the lndebtedness. Ad�erse Change. A material ad�erse change accurs in Trustvr's financiai cvndi�ion, or Lender belie�es the prospect of payment or performance of the Indebtedness is impaired. Insecurity. Lender in govd faith befi�v�s itself insecure. Right to Cure. !f any defauit, �ther than a default in payment, is curable and if Trustor has nat b�en gi�en a natice af a breach af the sarrre pro�ision of this Deed ❑�f Trust within the preceding twel�e ��2� mont�s, it may be cured if Trustar, after Lender sends written notic� to Trustor demanding cure of such default; �1 f cures�he default within fifteen �15} days; ar �2} i#the �ure �-equires more than fifteen �15� days, immediately �nitiates steps which Lender deems in Lend�r's s�ie discr�tion �ta be sufficient to cure tl�e def�uit and thereafter cantinues and �ampletes a�E reasonable and ne�essary steps sufficien�to produce campliance as saon as reasanabiy prac#Ecai. R�GHTS AND REM�DIES QN DEFAULT. If an E�ent of DefauEt occurs under this Deed ❑f Trus�, at any time thereafter,