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2� 17��8� 1 �EED �F TRU�T Lvan Nv: �❑��2�5D �Cantinue�} Page � EVENTS �F DEFAULT. Ea�h of the �ollowing, at Lender's op�ion, shall canstitu�e an E�en�af De�Fault under�his aeed ❑�Trus�: Payment Default. Trus�or-�ai�s�❑ make any paymen�when due under the lndeb�edness. �th�r L�e�au�ts. Trus�ar fails to c�mply wi�h or to per��rm any o�her �erm, obliga�i�n, co�enant or condition cantained in this Deed of Trus� vr in any ❑� �he R�lated aocuments or �a camply with or �a perform any term, ❑bligafiion, co�enant or cvnditian Gontained in any v�her agreement between Lender and Trustor. Compliance Defaul�. Fai�ure �❑ camply with any other term, obligat�on, co�enant ar condition �ontained in this Deed o�f Trust,the Note or in any af�he Rela�ed �ocum�n�s. Default on �ther Payments. Failure of Trus�or wi�hin the time required by�his C�eed of Trust�❑ make any payment �or taxes ❑r insurance, or any ather payment necessary�❑ pre�ent�filing ❑�f❑r to effec�discharge of any�ien. Fa�se Statements. Any war�an�y, representafiion ar statement made or fu�nished t❑ Lender by Trustor or on Trustor's behalf under�his �eed o-F Trus� or the ReIated D�Guments is �alse or misleading in any material respect, ei�her naw ❑r a��h��ime made vr�urnished or laecomes false❑r misleading at any time thereaf�er. De�ecfii�e Cvlla�eralizafiion. This Deed o-� Trust ❑r any o� the Related Documen�s ceases t❑ be in full force and efF�c� �including failure of any cvllateral document to create a �alid and perfected securi�y infieresfi or lien} at any time and fivr any reasvn. lnsalvency. The dissolution or �ermina�ian of Trustor's existence as a gaing business, the insol�ency ❑f Trustor, the appvintment a� a receiWer for any part ❑fi Trustor's property, any assignmen�for the bene�it af �reditors, any type ❑f credito�workou�t, or the cvmmenc�men�of any proceeding under any bankruptcy or insol�ency laws 1ay ❑r against Trustor. �reditor vr Forfeiture Prv�eedings. Cammencement ❑� �foreciosure or �orfi�i�ure prviceedin�s, whether by judicial proceeding, selfi-help, repvssession or any other me�hod, by any creditvr of Trust�r or by any go�ernmental agen�y agains� any proper�y securing �he Endebtedness. This includes a garnishment o�f any ❑f Trus�ar's accoun�s, in�luding dep�sit accvun�s, with Lender. Hawever, this E�en� of De�ault shall not apply if there �s a gaad fa3th dispute by Trusto�- as to�he Walidity vr reas�nableness af the c�aim which is the basis vf�he creditar vr�orfei�ure pro�eeding and if Trus�or gi�es Lender written nvti�e of the creditor or forfe�ture proceeding and deposi�s with Lender monies ❑r a surety bond far the �reditor❑r forfei�ure praceeding, in an amounfi defiermined �y Lender, in its sole discre�ion, as being an adequate reserve or bond for�he dispu�e. Breach o��ther Agreemen�, Any brea�h �y Trustor under the�erms of any o�her agreement befiween Trustor and Lender fihat is not remedied wi�hin any �race periad prv��ded therein, in�luding withvut �imitation any agreement c�ncerning any indebtedness or❑�her obligatson��Trustor�o Lend�r, whether exis�ing now or la�er. E�rents Affec#ing Guarantvr. Any vf the preceding evenfis oc�urs with respect�a any guaran�or, endarser, sure�y, or accommoda�ion party of any o�the Indeh�edness or any guaran�or, endorser, sure�y, or accommodation party dies or becomes incompefient, o�- reWokes or dispu�tes the �alidi�y o�, vr �iabili�y unde�-, any Guaran�y of the lndebtedness. Adverse Chan�e. A material ad�erse change accurs in Trusfior's �inan�ial cond�tEvn, or Lender belie�es �he prospec�of paymen�❑r performance ❑f the lndebtedness is impaired. lnsecurifiy. Lender in good faith belie�es i�self insecure. Right#o Cure. lf any defau�t, ❑�her than a default in payment, is curable and if Trustor has nat been gi�en a notice ❑f a brea�h o�the same pro�ision o�this Deed of Trust within the preced�ng�wel�e �3 2� months, it may be cured i� Trusfivr, after Lender sends wri�t�en natice fiv Trustvr demanding cure❑f such defaul�: �� cures the default wi�hin fif-�een {�5� days; or �2� if the cure requires more than �Efteen {�5} days, immed�atety inifiiates steps wh�ch Lender deems in Lender's sale discretian ta be su��icient t❑ cure the de�ault and fihereafter canfiinues and �vmpletes a�l reasonable and necessary s�eps sufficient to produce compfian�e as soon as reasanably practical. R1GHT5 AND REMEDIES ❑N DEFAULT. lf an Event ❑� �3efaul�❑ccurs under this ❑eed vt Trust, at any time thereafter, Trus�ee o�Lender may exercise any❑ne or more af the�ollowing righ�s and remedies: Accelerat�on Upon Defaul�;Addi#ional Remedies. If any E�en�of L�efault occurs as p�r the terms af the Note secured hereby, Lender may declare all lndebtedness secured by this Deed ��Trus�fio be due and payable and the same sha�l�hereupon hecvme due and payable withou�k any presentment, demand, prvtest ar notice o�any kind. Therea�ter, Lender may: {a� Either in pers�n ❑r by agen�, with vr wifihvut bringing any a�tion or pro�eeding, or �y a recei�er appoin�ed by a court and withou�regard �❑ the adequacy ❑�i�s security, enter upon and�ake passession of fihe Property, vr any part�hereo�, in i�s vwn name ❑r in the name ❑f Trustee, and do any acts which it deems ne�essary ❑r desiralafe t❑ preser�e�he�alue, marke�abil�ty or ren�alaility of the Proper�y, ❑r part of �he Property �r interes� in the Property; increase �he in�ome �rom the Prope�ty ❑r pro�ec�the securi�y o�f the P�-operty; and, with or without taking passessivn o� the Proper�y, sue far or otherw�se co[le�� fihe renfis, issues and profits of�he Property. including those past due and unpaid, and apply �he same, less cos�s and expenses o�operation and collectior�attarneys' fees,ta any indebtedness secured by�his Deed vfi Trust, a!! in such vrder as Lender may determine. The entering upvn and ta�ing p�ssession of the