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2� 17��45 vEEa �F T�usT Lvan Nv: 'I�13��2�6 {�ontinued� Page � agreements, financ�ng statemenfis, continuation statements, ins�ruments of fur�her assuran�e, cer�ifiiCates, and other documents as may, in the so�e ❑pinivn vfi Lender, be necessary�r desirable in ❑rder t❑ e#fectuate, comp�ete, perfiect, continue, ar pres�r�e t 1 y 6o�rflwe�'s and Trustor's obliga�ivns under the No�e, �khis Deed ❑f Trust, and th� Rela�ed �acuments, and {Zy the �iens and security interests crea�ed by this Deed o�Trust as firs� and prior liens �n the Properfiy, whe�h�r now ❑wned vr hereafter acquired �y Trus�or. Unless prvh�bited by law or Lender agrees to the c�ntrary in writing, Trus�tor shall reim�urse Lender �or a[I �osfis and expenses incurred in cannectEon wi�h the ma-tters refierred to in this paragraph. Attorney-in�Fact. If Trustor fails to d❑ any o�the things referred ta in fihe preceding paragraph, Lender may do s❑ for and in the name of Trustor and at Trustor's expense. For such purp�ses, Trus�ar hereby irre�ocably appoin�s Lender as Trustor's at�orney--in�fac�for the purpose ❑f making, exe�uting, d�[i�ering, filing, recording, and daing a�E other things as may be nec�ssary or desirable, in Lender's so[� apinion, tv accomplish fhe ma�ters referred �o in the preceding paragraph. FIJLL PERF�RMANCE. If gorrower and Trus�vr pay a[� �he Endebtedness, in��uding ►rvithout Iimi�a�ion a[l �u�ure ad�ances, when due, and Trustvr❑therwise performs a�i the ❑bligations imposed upon Trustor under�his Deed of Trus�, Lender shall execute and deli�er to Trustee a request for full recvnWeyance and shall �xecute and deli�er to Trus�or sui�able sfiatements o�termination ofi any financing s�a�emen�on �iEe e�idencing Lender's s�curity in�erest in �he R�nts and �he Personal Property. Any recon�eyance �ee required by law shall be paid by Trustor, if permitted by applicable law. EVENTS OF DEFAULT, Each af the follawing, a� Lender's ❑ptian, sha�! cvnstitute an E�en� of ❑e�au�t under this Deed ofi Trust: Paymen�Detaul�. Bvrrvwer�ails t❑ make any payment when due under the lndebtedness. �ther De�Fau[ts. Barrower or Trus�or �ails �to campiy with ❑r �o perform any other term, obligation, co�enant or �ondition cantained in �this Deed of Trust or in any o#the Reiated Dticumen�s or ta comply with or�o pertorm any term, ❑bligati�n, co�enant or condition contained in any❑�her agreement between Lender and Bvrrawer�r Trustar. Compliance De�auit. Failure t❑ comply with any ❑ther term, abligatian, �o�enant ❑r condition contained in th�s ❑eed of Trust, the N�te�r in any o�r the Re�ated ❑acuments. Default on�#her Paymenfis. Failure a�Trus�or wi�hin#he time required by this Deed of Trust to make any payment for�axes ar insurance, or any athe�paymen�necessary t❑ pre�ent�iling o�or to e�tect discharge o#any lien. False Statements. Any warranty, representation ar statement made ar�urn�shed to Lender by B�rrower or Trus�or �r on Borr�wer's or Trustar's behalf under this Deed of Trust ot� the Reiated Documents �s �alse ❑r misleading in any material respect, ei�her now �r at the time made ❑r furnished or becames false ar mis[eading at any �ime thereaf�er. Defecti�e Col[atera[izativn. This Deed vf Trus� or any of the Related �ocuments ceases t� be in full farce and e��ect tincluding failure ❑f any caila�eral dacumen� tv creafie a valid and perfe��ed security interest ar lien} a# any time an�1 tvr any reason. Deafih or lnsol�ency. The death of Barrower or Trus#�r, the ins�IWency of Borrower or Trust�r, th� appointment❑f a recei�er for any part of Borr-ower's ❑r Trust�r's property, any assignment for�he �ene�it o�creditors, any type of credi�ar warkout, or the commencement o�any proceeding under any bankruptcy vr insol�ency laws by ot� against Borrower or Trust�r. Credit�r or Fvrfeiture Pra�eedings. Cammencement of fvreclosur� or f�r�ei�ure proceedings, whe�her by judiciaE praceeding, self-help, repossessian or any other methad, by any credi�ar ot Borra�rver vr Trus�ar or by any go�ernmental agency against any property securing fhe lndefotedness. TC"lE5 inciudes a garnishmen� a# any of gorrower's or Trustor's acc�unts, in�luding deposit accoun-ks, with Lender. Hflwe�er, this E�ent of Default shalf no� apply if there is a govd fai�th dispu�e by gorrow�r or Trustar as ta the validity ❑r reasonab[eness ❑f#he claim whi�h is the basis of the credi#vr vr�or�eiture prace�ding and if Bor�owe�or Trustor gi�es Lender written no�kice ❑f �he credi�ar❑r�orfeiture proceeding and deposits with Lender monies ❑r a surety bond for the �reditor nr forfeiture proceeding, in an amount d�t�rmin�d by Lender, in its sole discretion, as b�ing an adequa�e reser�e or bond�or the dispu�e. 6reach ot�ther Agreement. Any breach by 6orrawer❑r Trustor under fihe terms ❑f any o�her agreemen�be�ween Barrawer ❑r Trus�or and Lender that is not remedied within any grace perEad pro�ided therein, including without limitation any agreement cancerning any indebtedness or ather abEEgation of Borrower �r Trus�or t❑ Lender, whe�her existing naw or later. Events A#�fe��ing Guarant�r. Any of�he preceding e�ents occurs with respect to any guaran�or, endflrser, surety, ❑r accommodation party ❑f any of the Indehtedness or any guaran�or, end�rser, surety, ❑r accammodativn party dies or becom�s incompetent, ❑r revokes ❑r dispu�es �he �alidi�y of, or liability under, any Guaranty ❑f �h� [nde��edness. Ad�erse Change. A material ad�erse change ❑ccurs En Borrawer's or Trustor's �inancial condi#ion, ❑r Lender helie�es the prospecfi of payment or performance ot the Indeb�edness is impaired. lnsecurity. Lender in gvvd faith belie�es i�seEf�nsecure.