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2� 17��253
<br /> []EED �F T'�U�T
<br /> h
<br /> Loan �v: 1�73D155� ��������� Page �
<br /> At�vrney-in-Fact. ff Tr�€stvr fia's�s �a da any �f the things referred �a in �he pre�ed�ng paragraph, Lender may do so
<br /> �vr and in �he name o�Trus�or and at Trustar's expense. Far su�h purposes, Trustor hereby irre�a�ably app�ints
<br /> Lender as Trust�r's attarney-in-fact foc the purpvse af rnaking, e�tecuting, delivering, filing, recvrding, and doin� all
<br /> othe� �hing� as may be necessary vr desirable, in Lender`s sole ❑pinian, ta ac�omplish the matters re�erred ta in
<br /> �he precedin� paragraph,
<br /> FULL PERF�RMANCE. lf Barrv�wer and �'rustor pay a�l �he Indeb�edness, including wi�h�ut limi�ation a(i fu�ure
<br /> ad�r�nces, when due, and Trus�ar otherwise per��rms alf the obligations imp�sed upan Trustor under fihis peed af Trus�,
<br /> Lender shal� execute and deli�er �o Trustee a re�ues�t far full recvnveyar�ce and shall execu�e and deli�er �❑ Trustar
<br /> su��able s�ta��ments of fiermination o# any �inancing s�a��ment an file e�idencing Lender's securifiy interes� in �he Ren�s
<br /> and the Pe�svnal Property. Any reconueyanc� ��� required by lavv shall 1ae paid by T�us��r, i� permitted by appiica�le
<br /> �aw.
<br /> EVEIVTS �F DEFAULT. Each ❑f the ��Ilowing, a� Lender's np�ion, sha[[ cons�i�ute an Even� v� �efault under this ❑eed
<br /> �f Trus�:
<br /> Payment Defau[t. Borrow�r fails�v make any paym�nt when due under the lndebtedn�ss.
<br /> flther Defau[ts. Bor��irver or Trustar fails �o camply wi�h or �o perform any o�her term, v�liga'�ian, co�enan� or
<br /> candition cnn�ain�d in this Deed o�Trus� or in any ❑f the Related Documen�s or ta cvmp�y w�th v�tv perform any
<br /> �term, obfiga�ian; eor�enan�vr condi�i�n cantained in any v�h�r agreement betw��n Lender and Borrawer or Trustor.
<br /> Compliance Default. Failure �v cvmp�y with any v�her �erm� c�b�iga�ion, covenant �r �ondition contained �n �hi�
<br /> Deed af Trust, �h� hlo#e ar in any of t�e Relate� Docum�nts.
<br /> De�ault vn C�ther Payments. Failure a�Trustor wi�hin the time required by this Deed af Trust to rnake any payment
<br /> �vr�axes ar insurance, ar any other pay�rnen�n�cessary�v preWent�iling a�❑r�a e��ec�discharge v�any lien.
<br /> False Statem�nts. Any �nrarra�ty, r�presentativn ar st�fiemer�t made or furnished ta Lender by Barraw�r❑r Trustar
<br /> ar vn BarrQwer`s or Trus�ar's behal-F und��r �his Deed of Trust or the Re[a�ed [�acuments is �alse or misleading in
<br /> any material respect, e[ther naw �r at the time mad� or furnished or becames false �r mislaading at any time
<br /> ther�after,
<br /> Defective Cvllateralizativn. This ❑eed �� Trus� �r any a� the Re[afied D�cum�nts ceases tv be in ful! farce and
<br /> �f�ec� 4including �ail�ure n� any cal�a�era[ documen� tn create a �afid and perfected security interest or lien} at any
<br /> time and far any reason.
<br /> Insolvency. The dissvlutivn t�r�ermina�ion a�Barrvvver's or Trustor's existence as a gaing �usiness, the insol�en�y
<br /> of Barrvv�er �r T�us�ar, �he appointmen� af a r�ce�ver �Far any �art af Barrower's or Trustar'� property, any
<br /> assignment for �he henefiit o�F cred��ors, any type o� credifivr workvut, o� �he commencement of any p�oceeding
<br /> un�er any hankrup�cy vr insol�ency lavvs �y ar agains� Barrower❑r Trusto�.
<br /> Cred'rtvr or Fvr#eiture Prviceedings. Commencemen� of forec[osure vr fvrfeiture proceedings, wh�ther by judiciai
<br /> pro�eeding, self-heip, repossession ar any o�her method, k�y any credi�tor o# Borrawer or T�us�ar ❑r by any
<br /> g�vernmental agency a�ainst any praperty s�curing the Indeb�edness. This in�ludes a garnishmenfi af any of
<br /> Barrvvver's or Trustor's accaunts, inc�uding d�posit a�caun�s, wi�h Lend�r. However, �his E�en� o� De�aul� shal�
<br /> no� apply i� there is � goad �aith dispute by Borrvw�r ❑r Trustor as �v �he Walidity nr reasnnableness vf the cla�m
<br /> which �s �he basis af the creditor vr farfeiture proceeding ar�d i�Borrovver or Trus�or gives Lender written n�t�ce of
<br /> th� credi�or or fvr�eiture praceeding and deposi�s with Lender manies or a surety �ond �ar the �reditar or�arfeiture
<br /> prQceed�n�, in an amount d��ermined by Lender, in its sole discretian, as �eing an adequate rese��e ar bo'nd f�r the
<br /> dispu�e.
<br /> grea�h v�Qther Agreement. Any breaeh by Barrawer or Trus�ar under th� terms �f any �ther agre�men� between
<br /> Barrower ❑r Tru�tor �nd Lender �hat �s no� remedied wi�hin any �race period pro�ided therein; inc[u��ng withou�
<br /> #imitatian any agreemen� �vnc�rning �ny indeb�edness or other vbl�gation ❑f Barr�wer ❑r Trusta� t❑ Lender,
<br /> whether existing now or�a�er.
<br /> Events Afi�ecting Guaran�ar. Any a��he preceding e�en�s nccurs with respect�� any guarantor, endorser, surety,
<br /> ❑r acc�mmodation par�y of any of �h� Indebtedness ar any g�arantor, endorser, sure�y, �r accvmmvdation party
<br /> dies or becames incomQe�ent, ❑r re�okes or d�sputes �he v�lidity af, or liabi[ity under, any Guaranty af the
<br /> �ndebtedness.
<br /> Adverse �hange. a material adWerse change vccurs in Borrower's or Trustor's #inancia[ condition, or Lender
<br /> helieves�the prvspect c��paymen�or perforimance �f the Indeb�edness is impaired.
<br /> lns�curity. Lender in gaad faiti�believes i�se[�inseGure.
<br /> Righ�ta Cure. [f any defau�t, o�he�r fihan a detault in payment, is curable and if Trus�or ha� nat been given a no��ce
<br /> ��a b�each of�he same prar�isivn caf this Deed o�Trus�within the preceding tw�l�e ��2} months, it may�e cured i�f
<br /> Trus�or, afte� Lender sends wri�ten no�i�e t❑ Borrower demanding cure o� such de�ault: ('[} cu�es �he de�ault
<br /> r�vi�hin ���teen �15} days; nr �2} if�h� cure requires more than fift�e�r (1�� days, immedia���y init�ates steps wh�ch
<br /> Lender deems in Lende�'s sv�e dis�retian ta be sufficient �o cure the de�fauft and t��reafter cantinues and
<br /> c�rnple�es a[( reasonabl� and ne�essary s�eps sufficient ta produc� camplian�e as savn as reasonabfy praGtical.
<br /> RIGHTS AND R�MEDIES D1V DEFAULT. I� an �vent a� D�fiault accurs under�his Deed of Trus�, a� any �ime thereafter,
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