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2� 17��85� DEED �F TRUST Lvan Na: '�D�3��'i 35 t�ontinued} Page � . term�nation of any �inancing statement ❑n file e�idencing Lender's security interes� in fihe Rents and fihe Personal Praperty. Any�-econ�eyance�fee required by law shall be paid by Trus�or, if permitted by applicable �aw. EVENTS DF DEFAULT. Ea�h ❑�the �following, at Lender's opt�on, shall cons�i�ute an E�ent af De�ault under�his ��ed of Trus�: Payment Defaul�. Trus�ar fails�v make any paymenfi when due under the Indebtedness. pther Defaul�s. Trus�or fai�s to comply with or t� perform any ❑�her term, o1�l�gation, co�enan� or �ondi�ion contained in �rhis Deed of Trust or in any o� �he Related Dacumenfis ❑r to camply with or tv �erform any term, abliga�ion, coWenant❑r�ondi�i�n contained in any other agreement hetween Lender and Trus�or. Compliance De�aul�. Faiiure to comply wi�h any ather �erm, ❑bliga�tian, co�enant ❑�- �ondition cvntained in this ❑eed a�F Trusfi,the Note or in any of the Rela��d Documenfis. Defaul�vn Other Payments. Failu�e o�Trusfiar within the fiime required by this ❑eed ❑f Trus�ta make any payment �or-taxes or insurance, ar any other payment necessary�o pre�ent fiiling v�or�o effec�discharge o�any lien. False 5�atemen�s. Any warranty, representation or statemen� made or furn�shed t❑ Lender by Trustor ❑r on Trustar's behalf under this Deed ❑f Trus��r the Related Documents is false or misleading in any material resp�ct, either n�w�r at�he time made ❑r furnished or bec�mes false❑r misleading at any�rime�hereaf�er. De�e�tiWe Cvlla�eraliza�ion. This Deed af Trust ❑r any ❑f the Re�at�d �3o�umen�s ceases fi❑ be in fiull force and effec� {inc�uding failu�e o� any collate�al dacument t❑ create a �alid and p�rfected security interes� or lien} at any �ime and�or any reason. Insolvency. The dissolu�ivn ❑r fierminativn ❑f Trustor's exis�ence as a gving business, th� insol�en�y vf Trustvr, the appointment �r� a recei�er for any part of Trustor's proper�y, any assignmen�t for �he benefit o� creditars, any �type o��reditar workou�, ❑r the cammencement❑f any prviceeding under any bankruptcy ❑r insol�ency laws by ar agains�Trus�or. Credi�or flr For�eiture Proceedings. Cvmmencemenfi o� �oreclosure vr for�eiture proceedings, whether �y judicial pr-aceeding, sel�-help, rspossessian ar any nther me�had, by any creditor❑f Trustor❑r by any gv�ernmental agency against any property securing the Indeb�edness. This in�ludes a garnishmen� of any ❑f Trustar's acc�unts, including depas�t accvunts, with Lender. Howe�er, this E�ent ❑� De�aul� shall no� apply if �here is a good �aith dispute by Trustar as ta the Walidity vr reasonableness o�f the claim which is the basis ofi the creditor or-�ar�eiture praceeding and if Trustvr gi�es Lender written no�ice o�f the cr�ditor ar forfeiture prviceeding and deposi�s with Lender m�nies ❑r a surety hond for the �reditor or forfeiture proceeding, in an amount det�rmined by Lender, in i�s sole discreti�n, as being an adequa�e reser��❑r�ond f�r the dispu�e. Breach �#Dther Agreement. Any breach hy Trusfor under the terms ❑f any other agreemen� between Trus�ar and Lender that is no� remedied within any gra�e periad ��ro�ided therein, including withou� limi�ativn any agreement cancerning any indeb�edness or�ther obligati�n�f Trus�or to Lender, whether existing now vr�ater. Events Af�ecting Guarantar. Any o�the preceding e�en�s ❑ccurs with respect to any guaran�or, endarser, surety, ❑r acc�mmoda�ion party of any of the Indebtedness �r any guarantar, endorser, surety, ❑r accommodativn party dies ❑r becomes incvmpefient, or �evvkes ❑r dispu�es fihe �alidity of, �r �iabili�y under, any Guaran�y o�F the Indebtedness. Ad�ers� Change. A material adverse change occurs in Trustvr's financial condEti�n, or Lender belie�es �khe prospec�of payment or performance of the Indebtedness is impaired. lnsecuri�y. Lender in good#aith 1�elie�es itse�f insecure. Right ta Cure. lf any de�ault, vther than a default in paymen�, �s curable and if Trus�or has not been gi�en a n�fice of a breach ❑��he same pra�ision of this ❑eed o�Trus�wi�hin�he p�-eceding twel�e ��2� months, it may be cured i� Trustv�, after Lende�-sends wr�tten no�ice t❑Trus�ar demanding cure a�such de�Fault: {�} cures�he de�ault within fifteen ��5} days; or �2� if�the cure requires more fihar�fi-f�een �15� days, immediateiy 'tnitiafies sfieps which Lender deems in Lender's sole discretion �a be sufficienfi fio �ure �he default and thereafter continues and cample�es alf reasonable and necessary steps sufficient to produce compliance as svon as reasvnahly practical. R1GHT5 AND REMEC]IES �N i7EFA!lLT. l�an E�en�af �e�ault vccurs under this D�ed of Trust, a� any time thereaft�r, Trustee or Lender may exercise any one or more o�the follawing rights and �emedies: Acceleration Upon De�aui#:Additionai Remedies. If any E�ent o� ❑e�ault❑ccurs as per�he terms of the Nate s�cured hereby, Lender may declare a!i indeb�edness secured by�his Deed ofi Trus�t� be due and payable and the same shal�ther�upon be�vme due and payab�e without any presen�ment, demand, profiest vr notice❑�any ktnd. Therea#ter� Lender may: {ay Either in person or by agent, with vr withaut 1�rin�ing any action or proceeding, ❑r by a recei�er appointed hy a cour� and wi�khaut regard �ko�he adequacy af its securi�y, en�er upon and�ake passession ❑fi�he Property, or any par�fihereof, in its own name a�-in the name af Trus�ee, and do any acts which ifi deems necessary�r desirable to preser�e the�alue, marketabili�y o�-renfialaiiity❑��he Property, ❑r part of the Property or interest in the Property; in�rease�he income fram �he Property ❑r prote�t the securifiy of the Property; and, with or without �aking passession ❑f the Property, sue for vr vtherwise coliec� �he