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r. .. r (�'� �.�NiF � � �y at.t�'.LO F d:aiL:'it�IC��tc ct �.! � r,�[�3.1`5a'r.�ti`i 3¢' yS t ifv- �./L J — — _ � -_ <br /> tt'��,���,� R 4fi _�����.}�� ,;;��5 c i -- __ —_ ��'�i':::.��=�"rF�$�iia�- r.t� `-i'F k.. <br /> Y� ��faa i.�A TGiT�ar��eaS" i.�3.Qi4�i+--- -- <br /> , � _, � � -----� � <br /> . 94� 100758 <br /> ARTICLE IV <br /> � EVENTS OF DEFAIILT AND <br /> R£MEDIES <br /> 4.01 Events of Default. Upon the occurrenae of <br /> any og the followi�g specif ed events (each an "Event of De- � <br /> fault"j: <br /> � (a) Trustor shall default in tlie payment when due � <br /> ' of any amount� owed by it I��reunder to Beneficiary o� <br /> any other Person and ��uch d�fault �U.all continue uarem- <br /> edie3 for a peraac� c�� five (5j H�siness Days �fter <br /> � wrftten notiae to it �^� Benefiaiary; or � _ . <br /> (b) Tr�icczr s�z��.l default in the dr��. r�erforanance � <br /> . . or observance cz�, a;�;�p term, cove*�ant or agreement con- � <br /> tained in Sectit�n 1.18 and such default shall cantinue � . � <br /> unremedied far a period of twenty (20) Business Days : " <br /> a�ter writ#.��,: notice ta 3t by the Ben�ficiary; � � <br /> provideda h���ver, that i.f such default i� not <br /> suscepts:�rbe �� camg���te cure within such twent� (20) � � <br /> Business Day �erioc� �d Trustor has commenced to cure <br /> � withfn suc�h g���od, sto Event of Default shall be deeined <br /> to have occurrEat if Trustor dilfgently and continuously <br /> , prosecutes such cur� fio ao�pletion; or <br /> (c) An '�Ev�n� �f Default" as defined s.� the <br /> Credit Agreem�re� sha�l occu� and be continrs.��.g a ¢� ;` �;� <br /> �. :�_.�,- <br /> (d) Trustor shaLl default fn the due gerEm�ance -�. <br /> by it m€ any other tena, covenant or agreemen� con- �•'=` <br /> tained a,n this Deed of Trust, not lfsted in clauses (a) <br /> th�ough (c� , ata.d such default shall continu.� unremedf ed <br /> for a perfod �� �wenty (20) Busfness Days ��ter wrftten <br /> notice to Tr��r h� Beneficiary; provided, haaa�ver, � --- <br /> that if such defaubP. fs not susceptible of complete �� <br /> cure wffihin su�� �w+�r�y (2p) Busfness Day period anci — <br /> , Trustor has ���enaed to c�e withfn such period, na <br /> �ent of De€�S:nIl� shaZ� be ��emed to have occurred ff <br /> . Trustor diligently �r��� continuously prosecutes such � = <br /> cur� to completion. ' �- <br /> Then and in each su�3� event, BenePfcfary may declare the ob- � <br /> liqations to be f���lfately elue wfthout any presentment, de- �i�:?�:-': <br /> mand Por payment, protest, notice of proltest, noti�ce of non- 4`:�::�: <br /> payment, notfce of intentfon to accelerate maturity, notice <br /> �,�:+.. <br /> , of acceleratfon of maturity, or notice o! any other kfnd, � <br /> all m� whfch are hereby waived. Additfonally, Beneficfary � <br /> -19- <br /> U :-�.� - <br /> , <br /> i <br /> � � <br /> . �r <br /> L � Lr .�J <br /> � � <br /> � <br /> � <br /> . � <br /> � � <br />