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2� 17��8�5 DEED �F TRUST Laan Na: �D�3��44 �Continued} Page � EVENTS aF DEFAULT. Each of the �allowing, at Lender's vption, shall constitu�e an E�ent o� Default under this t�eed of Trust: Paymen�Defaul�. Trustor fails to make any paymen�when due under the lndebtedness. �ther Defaults. Trus�or fails to camply wi�h or ta per�orm any other term, vhligation, Go�enant vr condi�ivn con�ained in �kh�s Deed �f Trust ❑r in any ❑f �he Rela�ed Documents or to camp�y with ❑r to per�orm any term, abliga�ian, co�enant or condition contained in any o�h�r agreemen�between Lender and Trusfior. Campliance Defaulf. Failure �o cvmply wifih any a�her fierm, obligation, co�enan� vr condition con�ained in fihis Deed of Trust,the Note or in any❑f the Related Dvcuments. � Defaulfi vn Dther Payments. Failure ❑f Trustor within the�ime required by this Deed ❑f Trus�to make any paymen� �or taxes❑r insuran�e, or any ather payment necessary�❑ prevenfi filing a�or�❑ e��ect discharge of any lien. False 5tatements. Any wa�ranty, representation ar statemenfi made ❑r furnished �v Lender by Trustor ❑r an Trus�ar's behalf under this ❑eed of Trust or the Rela�ed �ocuments is false or misleading in any ma�erial respect, either now ar at�he�ime mad�or furnished or becomes false ❑r misl�ading a�any time thereafter. De�ec�ive Colla�eralizafiion. This �eed o� Trus�k ❑r any ❑f the Related aacumen�s ceases to he in full farce and e��ect �including �ailure vf any cvllatera� dvcument to create a �a1�d and per�ec�ed security interes� ❑r lien� a� any time and for any reason. lnso[vency. The dissvlufiivn ❑r terminativn of Trus�vr's exis�ence as a going business, the insol�ency a�Trustor, �he appoin�ment of a recei�er �or any part ❑f Trus�or's proper�y, any assignment�or�he b�nefit af credi�ars, any �ype ❑f creditv�warkvu�, ❑r the Gommencement❑�F any proceeding under any bankruptcy vr insvl�ency laws by or against Trus�or. Credi�or or Forfeiture Proceedings. Commencement o� �vre�losure ❑r forfeiture proceedings, whether by jud�cial proceeding, s�lf-h�lp, repossessian or any other method, by any creditor❑f Trustor or by any ga�ernmenta� agency agains� any property secu�ing the Indebtedness. This in�ludes a garnishment vfi any ofi Trustvr`s a��vunts, including deposit a�counts, wi�h Lender. Howe�er, this E�ent fl� De�aul� shal( nn� app[y if �here is a good faith dispute by Trusfivr as �v fihe validity or �-easonableness af the claim which is fihe 1�asis ot the cred�tor vr forfeiture proceeding and if Trus�ar gi�es Lender written notice of ths credi�kor or �arfei�ure proceeding and deposEts with Lender mvnies or a surety bvnd ��r�he c�-edifior ar fvrfeiture prviceeding, in an amount defiermined by Lender, in its sole discre�ion, as being an adequafie reserve or bond for the dispute. Breach o�❑ther Agreemen�. Any breach by Trus�ar under�he terms ❑f any ❑�kher agreement befiween Trustor and Lender tha� is no� �-emedied within any grace period proWided fiherein, inc�uding wi�haut limitativn any ag�-eemen� cancerning any indeb�edn�ss or other❑bligati�n�f Trustor t❑ Lender, whe�her existing now ❑r la�er. Errents Affecting Guarantor. Any af the preceding e�ents ❑ccurs with respect ta any guaran�ar, endarser, sure�y, vr aGGommvdati�n party of any of the Indebtedness vr any guarantor, endorser, surety, vr a�cvmm�da�ion party dies or becomes incompetent, ❑r re�okes ❑r dispu�es the �alidity ❑f, or fia�ility under, any Guaranty ❑f the lndebtedness. Ad►rerse Change. A material adverse change occurs in Trustar's financial condition, or Lender b�lie�es the prospect o�paymen�or pe��ormance❑f the Indebfiedness is impaired. EnsecurEty. Lender in good�aith be�ie�es itsel��nsecure. Righ��o Cure. l�f any defaulfi, other than a de�au[t in paymenf, is �u�-able and i�F Trusfior has nvt been gi�en a notice ❑f a breach vf the same pra�isivn❑f�h�s ❑eed a�Trus�v►ri�hin the preceding trrvel�e ��2� manths, i�may be cured if Trustor, after Lender sends wri�tten no�ice tv Trus�or demanding cure v-�such defau�t: {�� cures the de�aul�wi�hin fif�een �15} days; ❑r �2} i�the cure requires more than fifkeen �`15� days, immediateiy initia�es s�eps whi�h Lender deems in Lender's svle discreti�n �o be sufficient t❑ Gure the default and �hereafker �on#inues and completes a11 reasonable and ne�essary steps suf�i�ient ta pradu�e�ompliance as so�n as reasonably practical. RIGHTS AND REMEDIES �N DEFAULT. I�an E�ent❑f De�aul�occurs under�his Deed ❑�T�ust, at any fiime thereafter, Trustee or Lend�r may exercise any❑ne or more��#he following righ�s and remedies: Acceterativn Upon De�au[t;Addi#iona� f�emed�es. ]fi any E��nt o� ❑e�aul�❑ccurs as per�he terms v�the Note secured herehy, Lender may dec�are a�� Indebtedness secured hy this ❑eed o�Trus�t❑ be due and payabfe and the same shall�hereupon �ecome due and payable w�th�u�any presentmen�t, demand, pr��est vr nvtice v�any kind. Th�reafter, Lender may: �a} Either En person vr by agent, wi�h or without bringing any acfiian ar prviceeding, ❑r by a re�ei�er appvin�ed by a cvurt and without regard to the adequacy of its security, en�er upon and�ake passession v-�the Property, or any �art thereo�, in its own name ❑r in the nam� ❑f Trust��, and do any acfis which it deems necessary or des�rable�v preser�e the�alue, ma�-I�etability vr rentabFlity of the Property, �r part of the Proper�y ❑r in�eres� in the Proper�y; increase the income fram the Property ❑r pratect the security of the Proper�y; and, with ar wi�haut taking passess�on ❑� the Proper�y, sue �or or o�herwise coflec� the rents, issues and prafi�s of the Proper�y. including �hvse past due and unpaid, and app�y�he same. less costs and expenses ❑f operat�on and ��[Eection a�t�rneys' fees,�v any indebtedness secured by this De�d a� Trust, all in su�h orde� as Lender may de�ermine. The entering upon and taking possession ❑f �he