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2� 17��321 DEED �F TRUST Laan Na: 'I D13�"1�8� �Continued� P�ge 6 FULL PERF�RMANCE. If Trustar pays aI1 �he [ndebtedness, including withaut limitation all future ad�ances, when due, and otherwise performs aI� the ob�igations impased upvn Trustor under this Deed a�f Trust, Lender shall exe�ute and de[i�er to Trustee a request for full recon�eyan�e and shall exe�ute and delz�er to Trus�or suitable sta�ements of termination ❑fi any t�nancing statemen� on file e�iden�ing Lender's security interest in the Rents and the Persona[ Property. Any recon�eyance fee required by law shall be paid by Trustor, if permit��d by app�Ecable law. EVENTS �F DEFAULT. Each ❑f the fvllvwing, at Lender's vption, shall cons�ifiute an E�en� ot Default under this Deed �fi Trust: Payment De�auit. Trustar fails ta make any payment when due under the �ndeb#edness. �ther Defau��s. Trustor fai[s to camply with �r to perfiorm any o�her term, ❑bligation� covenant or condition con�ained in this D��d of Trust vr in any of the Related �ocuments ar t❑ compEy with ❑r to perf�rm any term� ❑bligation, �o�enant or conditi�n can�ained in any other agreemen�be�ween Lender and Trus�or. Compiiance Defauit. Fai�ure to cvmply with any ❑ther term, obligation, ca�enant or canditivn contained in �his ❑eed of Trus#,the Note ar in any of the Re[ated Documents. Default on ather Payments. Failure of Trustvr within the time requi�ed by this Deed of Trus�t❑ make any payment for taxes ❑r insurance, or any❑�her payment necessary t❑ pre�en�filing of�r to effect discharge o�any lien. False Statements. Any warranty, representa�ian �r statement made ❑r �urnished to Lender by Trustor or ❑n Trustar's beha�� under this ❑eed of Trust or�he Related Documents is false or mis[eading in any material respect, either now or at the time made ar furnished or be�ames false or mis[eading at any time therea�ter. Defective CoiEateralization. This ❑eed of Trus� ar any vf the Related Do�uments c�ases to be in full #vrce and effect {inc[uding faiiure ot any c�l�ateral document �❑ create a �alid and perfected security in�erest or lien} at any time and far any reason. Dea#h vr�nsol�ency. The dea�h v�Trustor,the insoE�ency of Trustar, the appointmen�of a recei��r for any part�# Trustor's proper�y, any assignment fvr the benefit of c�-editors, any type of creditar workout, ❑r the cvmmencement ofi any proceeding und�r any bankruptcy or inso[�ency[aws by or against Trustor. Creditor or Farfeitu�e Proceedings. Cammencement ofi fiore�[vsure or �o��Feifiure proceedings, whether by 'udicia� proceeding, self-he�p, repossessivn ar any❑ther me�hvd, hy any credifior of Trustor or by any go�ernmenta� agency against any property securing the Indeb�edness. This in�ludes a garnishmen� ❑f any of Trustvr's accvunts, including depvsit accounts, wi�h Lender. Howe�er, fhis E�ent vf De�ault shall no� apply if there is a good fai�h dispute by Trustor as fi❑ �he �a�idity or reasanableness ❑f the claim which is the basis ❑f the creditar or ��rfi�iture proceeding and if Trustar gi�es Lender wri�t�n notic� of the creditar or forf�i�ure proceeding and deposits with Lender monies or a sur�ty bond ��r the creditor or f�r�eiture proceeding, in an amount determined by Lender, in its so[e discretion, as being an adequate reser�e❑r bvnd fvr the dispute. Breach ot�#her Agreemen#. Any breach by Trus�vr under�he terms of any ofiher agreement between Trustor and L�nder that is not remedied wi�hin any grace period �ro�ided therein, inc[uding without [imitatian any agreement cvncerning any�ndeb�edness ❑r o�her�bliga�ian�f Trus#or to Lender, whe�her existing now vr later. E�en#s Affec#ing Guaran#or. Any ❑f the pr�ceding ��nts occurs with r�spect ta any guarantor. endorser, surety, or accommadati�n party vfi any of the Indebtedness or any guarantor, endorser, surety, or accvmmodation party dies or becomes incompetent, or re�okes ar disputes the �alidifiy ❑f, or liability under, any �uaranty of �h� �ndebtedness. Ad�erse Change. A materia� ad�erse change vccurs in Trustor's financia� condifian, or Lend�r believes the prosp�ct❑�payment ar perfarmance v��he [ndebtedn�ss is impa�red. insecurity, Lender in gvad fai�h belie�es itself insecure. Existing indeb#edness. The payment of any installm�nt of principa� o�- any interes# on the Existing lndeb#edness is not made within the#ime �equired by the pramissory note evidencing such ind�btedness, ❑r a de�auit occurs under the instrument securing such indebtedness and �s nvt cured during any applicable grac� p�riad in such instrumen�, ❑r any suit or ofiher actian is �omm�nced t❑�foreclose any existEng lien an�he Property. Righ�to Cure. lf any default, vther than a de�ault in paym�nt, �s �urab[e and E�Trustor has not been gi�en a notice of a breach of the same pra�ision ❑f this Deed ❑f Trust within the preceding twe��e {12} months, it may be cured if Trustor, a#ter Lender sends wr�tten not�ce fio Trustor demanding cure o#such de�ault: �� cures the defaul�w�thin fifteen {�5y days; or �2} if the cure requires more than fifteen �15� days. immedia�e�y initiates steps which Lender deems in Lender`s sale discretion to be su�ficient t� cure th� de�au�t and thereafter �ontinues and completes all reasonable and necessary steps suf�ici�nt fio praduce compliance as sovn as reasvnab�y practical. RIGHTS AND REMED�ES �N DEFAULT, �f an E�ent of ❑efaul�oCcurs under this Deed ❑f Trust, at any time the�eafter, Trustee ar Lender may exercise any one o�mare of�he fa[[owing rights and remedies: Acceleration Upon Default; Additionai R�medies. Ef any E�ent of Defau�t occurs as per th�terms of�he Note se�ured hereby, Lender may d�clare all Indebtedness secured by this ❑e�d ❑f Trus�t❑ be due and payable and th� sam� sha[l the�-eupon become due and payable wi�hout any presen�ment, demand, pro�es�❑r notice of any kind. Thereafter, Lender may: