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1 � `� 2� 17�� ' DEED �F TRUST Laan Na: �D13DD�3� �Contlnued} Page � conditian con�ained in�his Deed o�Trust or in any of�he Related ❑ocuments ❑r to comp�y with ❑r to perfivrm any fierm, obligafiivn, co�enan�❑r condition cantained in any other agreement between Lender and gorrawer ar Trustar. Compliance DefauEt. Failure t� comply with any other term, ❑bliga�ion, co�enant or �ondition contained in fihis ❑eed o�Trust,the Na�e ar in any of the Related �acuments. De€ault vn Qther Paymen�s. Failure af Trustor within fihe�ime required by�his ❑eed o�Trus�to make any paymen� for taxes ar insurance, ❑r any other payment necessary t❑ pre�ent filing o-�❑r to effec�discharge❑f any lien. False Statements. Any warran�y, representativn or sta�ement made or furnished �o Lender by Bo�-rower❑r Trustar ❑r ❑n Barrower's or Trustor's hehalf under this ❑eed af Trust or the Related ❑acuments is false or misleading in any ma�erial respec�, e�ther now ar at the time made ❑r furnished or becomes �aise ❑r mislead�ng at any �ime �hereafter. ❑efec�ive Colla#eraliza�ion. This aeed o�F Trust or any af the Rela�ed D�cumen�s ceases �o be in ful� fvrce and effect ��ncluding failure ❑f any col�at�ral dacumen�fio create a �alid and perfe��ed security interest or �i�n} at any �ime and fivr any reason. Death vr fnsolven�y. The dissolufiion ar termina�ian a# Barrower's or Trustvr's existence as a going business, the insol�ency of Borrower ❑r Trus�or, �he appointmenfi a� a r�cei�er far any part ❑� Barrawer's ❑r Trustor's proper�y, any assignment for the 1�ene�it of creditors, any�ype o�credit�r wvrkout, ❑r the cammencement o�any proceeding und�r any ban[�rup�cy or insal�ency laws by❑r against 6orrower❑r Trus�or. Creditvr vr Fvr�eiture Prvice�dings. C�mmen�emen� o� �or�clasure or farfeiture proceedings, whether by judi�ial prv�eeding, self-heip, repossessian ❑r any o�her methad, by any �redifivr ❑f Bvrrvwer vr Trustar or by any go�ernmental agency against any property securing the Inde�tedness. This includes a garnishment ❑� any ❑f Borrower's or Trustor's accounfis, in��uding depasi� acc�unts, wEth Lender. Hawe�er, �his E�ent o� Defaul� shall no�t apply if�here is a good faith dispute hy 6vrrower ar Trus�ar as to �he �alidity ❑r reasonableness a��he claim which is the basis o�the creditor or forfei�ure proceeding and i� Borrvwer vr Trus�vr g��es Lender written notice �� the credi�kor or��rfei�ure proceeding and deposits with Lender mnnies �r a surety b�nd for�he creditar vr farf�iture proceeding, in an amount determined by L�nder, in i�s sole discretEon, as being an adequate reser�e❑r bond�a��he dispu��. Brea�h v�Dther Agreement. Any breach by Bo�rower or Trusfior under the terms ❑fi any o�her agreement between gorrower or Trus�or and Lender �hat is nv� remedied within any grace period pro�ided therein, including wifih�u�t lim�tation any agreement Goncerning any indebtedness or o�her ohliga�ion of B�rrower o�- Trustvr fio Lender, whether ex�sting naw ❑r later. Errents A�ffectFng Guarantvr. Any of the preceding e�ents ❑ccurs wi�h respec�to any guarant�r, endorser, surety, vr accommvdafiion party ❑f any ❑f the lndebtedness ❑r any gua�anto�, endvrser, sure�y, ar accommoda�ion party dies or becomes �ncompe�en�, or re�vkes or disputes the va�idity ��, or liability under, any Guaranty of �h� �ndebtedness. Ad�erse Change. A materia! ad�erse change c�ccurs in Ba��awer's ❑r Trustor's financial conditivn, vr Lender belie�es the prospect❑f paymen�❑r per�armance❑f�he Indeb�edness is impaired. Insecurity. Lender in good�fai�h belie�es itself insecure. Right to Cure. If any defaul-�, o�her than a de�au�t in paymen�, is cura�[e and if Trus�ar has not been gi�en a nv�ice of a breach of the same pro�ision vf this Deed of Trus�k within the preceding twel�e {��} mvnths, i�may be cured i� Trustar, after Lender sends writ�en natic� to Borrflwer demandin� cure ❑fi su�h de�ault: {1� cures the de�ault within fifteen t�5� days; ❑r �2} if the cure requires mare than fifteen ��5} days, immediat�ly initiates steps which Lender deems in Lender's sale discretion ta be su��ici�nt t❑ cure the de�aul� and thereaf�er continues and comp�etes a�� reasonable and necessary steps sufficient�a produce camp�iance as soon as reasonab�y prac�Fcaf. R1GHT5 AND REMEDIES QN DEFAULT. I�an E�ent❑f L�efau�t❑ccurs under this Deed ❑f Trust, at any time thereaf�err Trustee or Lender-may exercise any one or mvre❑f the fvllorrving rights and remedies: Accelerati�n Upvn Defau�t: Addifiivnal Remedies. I�any E�ent❑� Defau�fi occurs as per the terms af the Note secured her-eby, Lender may de�Eare al� fndebtedness secu�ed by this Deed ❑f Trust�a be due and payable and the same shall �hereupon become due and payab�e withvut any presentmen�, demand or prv�est vf any kind. Thereafter, Lender may: {a} Ei�her in pers�n or by agent, with vr withvut hr�nging any action ❑r proceeding, or hy a re�ei�er appvin�ed by a court and with�ut regard �a the adequa�y of i�s security, enter upon and take possession o�the Praperty, �r any part�herev�, in its vwn name vr in�he name of Trus�ee, and do any acts which it deems necessary❑r desirab�e�o preser�e�he �alue, marke�a}�ilifiy or renfiability❑�the Property, ❑r part af �khe Property or interest in the Prvperty; increase the income from the Property or protect�he secu�-ity �� . the Prvperty; and, with or wi�hout taking possessi�n of the Property, sue fior or ❑�herwise collect �he rents, issues and prvfits o��he Prvperty, including those pas� due and unpaid, and ap�ly the same, less cosfis and expenses ❑f aperativn and �ollectivn atta�neys' fees,to any indebtedness secured by this Deed o� Trust, a�C in such order as Lender may de�ermine. The entering upan and taking possession of �he Proper�y, the coE[ectivn of su�h renfis, issues and pro#its, and the applica�ion �hereaf shall not cure o� wai�e any de�Fault or nv�i�e af defaul�under�his Deed o�Trust or in�alida�e any act done in respanse to