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2� 17��858 DEED �F TRUST Lvan No: '1��3D2'�38 �Cvnti�lued} Page � EVENTS nF DEFAULT. Each o�F the �ollowin�, a� Lender's op�ion, shal� �ons�i�ut� an E�en� of Defau�t under�his Deed vfi Trust: Payment De�€aul�. Trusto�fails to make any payment when due under�he lndeb�edness. �ther Defaults. Trustor fails fia comply with or to perform any other �erm, obliga�ion, ca�enant ❑� condition confiained in this Deed a� Trust ❑r in any of the Related Documen�s or t❑ camply wi�h or to perform any term, ❑bligation, cavenant or cvndi�kion contained �n any vther agreement between Lender and Trus�or. Compliance De�au�t. Failure to camply w�th any o�he� �erm, ❑bliga�ionr co�enant �� condi�ion c�n�ained in �his De�d ❑f Trust,the Na�e or in any of fihe Related Documents. Defaul�on Dther Paymen�s. Fai�ure af Trustor w�thin the time required by this Deed a�Trust�❑ make any paymen� for�axes ❑r insurance� ar any o�her payment necessary to pre�en�filing o�or t�effect discharge❑�any lien. False 5�a�ements. Any warranty, representation or sta�ement made ❑r furnished to Lend�r 1ay Trus�or ar on Trustor's behalf under this Deed of Trust or the Rela�ed Dvcumen�s is false or misleading in any material respe�t, e��her now or a��he time made or furnished ❑r becomes false or misleading at any time�herea�f�er. De�ective Cvllafieral�za�inn. This Deed o�f Trus� ❑r any ❑f �he Rela�ed ❑acumen�s ceases to be in full force and e�fect �including �ailure of any collateral do�ument to create a �alid and per�ected securi�ty interest vr lien} at any tFme and for any reason. lnsolvency. The disso�u�ivn vr termina�ion o-�Trus�ar's existence as a gaing business, the insal�ency ❑f Trustor, �he appointment vf a recei�er for any part of Trustar's property, any assignment fvr the benefit a� �reditors, any type o�F creditor workout, or fihe comm�nc�ment of any praceeding under any bankrup�cy ❑r insal�ency laws by or againsfi Trustor. Creditor nr Farfei�ure Proceedings. Cammencement of foreclosure or for�eitu�re proceedings, whether hy judicial pro�eeding, self-help, rep�ssession or any vfiher mefihod, 1ay any �reditor af Trusfivr�r by any gv�ernmenfial agency agains� any pro�er�y s�curing the Indebtedness. This in�[udes a garnishment o� any of Trus�or's accvunts, including depvsifi accounts, with Lender. Hvwe�er, this E�ent of Default shall not apply i�F �he�-e is a gaod faith dispu�� by Trustar as to the �alidity or reasona�leness v�the claim which is the basis ❑f the credi�ar or�orfeiture proceeding and i� Trus�vr giWes Lender w�itten no�ice of fihe creditor or forfeiture proceeding and deposits with Lender monies or a surety laond for the creditor or farfeiture pr�ceeding, in an amoun�determined by Lender, in its so[e dis�retian, as being an adequa�e reser�e�r bond fvr the dispute. grea�h ❑��ther Agreement. Any brea�h by T�us�vr under the fierms v�any athe�- agreemenfi hetween Trusfior and Lender tha� is nat remedied rrvifihin any grace periad pro�ided �herein, inc[uding withou� limitatian any agreemen� conc��nEng any indebtedness or o�her obligatian❑f Trustar to Lender, whether existing nvw ar Eater. Events A�ffec�ing Guaran�ar. Any v�the preceding ��ents occurs with r�specf�o any guaran�or, endors�r, sure�y, ❑r a��ommodatian party vf any ❑f the �ndebtedness ❑r any guaran�or, endarser, surety, ❑r accommodati�n party dies or becomes incompetent, or �-e�okes or dispu�es the va[idi�y o�, ❑r liability under, any Gua�anty ❑�f the Indei�tedness. Adverse Change. A material adW�rse change occurs in Trustvr's �finan�ia[ condi�ion, or Lender belie�es �he prospecfi of�ayment or performance❑f�he Indebtedness is impaired. Insecurity. Lender in g��d faith be[ie�es i�self insecure. Righ��o Cure. lf any default, ❑�her than a defau��in payment, is curable and if Tr-ustor has nat been giWen a notic� of a breach of the same pro�ision of this ❑eed a�Trust within the preceding twel�e ��y manths, it may be cured i� Trusfivr, after Lender sends wri�ten notice fiv Trusto�-demandin� cure of such default: ��} cures the default wifihin fifteen {�5y days; ❑r �2} if the �ure requires mar��han �ifteen �15} days, immediately initiates steps which Lender deems in Lender's so�e d�s�re�ion tv be suffi�ient�a cu�e �he de�ault and thereafter cvn�inues and c�mpletes aE� reasanable and n�cessa�y s�eps sufficient ta produce compliance as soon as reasonably practical. R1GHT5 AND REiU�ED1E5 �N ❑EFAULT. If an E�ent❑f ❑e�Fault vccurs under�his ❑eed a�Trust, at any�ime �hereafter, Trustee or Lender may exercise any one or mare�f the fol�owing rights and remedies: Acceleration Upvn Defaul�; Additional Remedies. �f any EWent of Default occurs as per the terms of the Note secured hereby, Lender may dec[are ali lndebtedness secured hy�his Deed ❑�f Trust to 1ae due and payable and the same shall thereupon become due and payable without any presen�ment, demand, protest or notice of any kind. Thereafter, Lender may: �a} Either in persvn ❑r hy agent, wi�h or without bringing any actian or proceeding, or by a receiver appvinted by a court and withvut re�ard t❑the adequacy vf its se�urity, enter upon and take passession of the Property, ❑r any par�thereof, in its own name ❑r in the name ❑f Trustee, and d❑ any acts ►nrhich it deems necessary o�-desirahle�o preser��the Waiue, marketabilEty❑r ren�ahil�ty of the Pr�perty, or part o� the Property or interest in �he Prvperty; increase�he income fram �he Property or protect the security ❑f the Prvperty; and, with ❑r wi�hvut tak�ng possession ❑f the Praper�y, sue for flr o�herwise collect th� rents, 155LfBS and profits of�he Proper�y, including those pas� due and unpaid, and apply the same, Ie55 cvsfis and expenses af operation and coll�ction attarneys' �ees,tv any indehtedness secured by this Deed o� Trust, al� in su�h nrder as Lender may determine. The en�ering upon and ta�ing possession of the