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2� 17� 1341
<br /> DEED �F TRUST
<br /> Lvan No: 'I q'I���9�9 {Continued} Page �
<br /> Dacuments, and �2� the liens and security interests created by this Deed nf Trust as first and pri�r �iens ❑n �he
<br /> Proper�y, whether naw ❑wned or hereafter acquired by Trustor. Unless prohihited by law o� Lender agrees ta �he
<br /> contrary in writing, Trustor sha�l reimburse Lender for all �nsts and expenses incurred in connection with �he
<br /> matters r�f�rred ta �n this paragraph.
<br /> Attorney-in-Fact. Ef Trustor fails to do any of�he things referr�d ta in the preceding paragraph, Lender may d� sa
<br /> for and in the name of Trustor and at Trustor's expense. For such purposes, Trustor hereby irre��ca�ly appoints
<br /> Lender as Trustor's attorn�y-in-fact�Fvr the purpose af making, execut�ng� de[i�ering, �iling. recording, and doing all
<br /> other things as may �e necessary or des�rable, in Lender's sa�e ❑pinion, to accomplish the matters referred ta in
<br /> the preceding paragraph.
<br /> FULL PERF�RMANCE. I-F Trustor pays all th� �ndebt�dness. including without limi#ation al[ fu�ure ad�ances, when due�
<br /> and ❑therwise per�vrms all the ohligati�ns impvsed upon Trus#ar under this ❑eed af Trust, Lender shall execute and
<br /> d�li�er ta Trustee a request fa� tuli recan�eyance and shall execute and deii�er �a Trust�r suitab[e statements af
<br /> termination �� any finan�ing statement vn �File e�idencing Lende�-'s security interest in the Ren�s and the Persona[
<br /> Prop�rty. Any recan�eyanc�fee requir�d by law shaff he paid by Trustvr, if permitted by applicable law.
<br /> EVENTS DF DEFAULT. Each of the following, afi Lender's aption, shal� canstitu�e an E�ent ❑f Default under this Deed
<br /> v�Trust:
<br /> Paymen#Default. Trustor fails�o make any payment when due under the [ndebtedness.
<br /> D#her Defauits. Trustar fails t❑ comp[y wi�h or �o perform any �ther term, obiigation, co�enant or conditi�n
<br /> contained in this Deed af Trust or in any �� the Re[ated Documents o� to comply with �r �❑ perform any t�rm,
<br /> �bligation, co�enant�r candi�ion cvnta�ned in any vther agreement b�tween Lender and Trustor.
<br /> Gvmpliance Defaul#. Fai[ure to comply with any other term, obligati�n, covenant or cond�t�on contained in this
<br /> Deed v�Trusfi, the Note or in any vf the Related Documents.
<br /> DefauEt on �ther Payments. Fai�ure a�Trustar wi�hin the time required hy this ❑eed of Trust ta make any payment
<br /> �Fvr taxes or insurance. �r any other paymenfi ne�essary to pre�ent filing❑f❑r to effect discharge❑�any lien.
<br /> FaIse Sta�ements. Any warran�y, r�presen�ation or statement made ❑r #urnished to Lender by Trustar or an
<br /> Trustor's beha�f under this ❑eed of Trust or the Related ❑ocuments is false or mis[eading in any materia[ respect,
<br /> ei�her now or at the�im� made ar furnished a�-becomes �alse or misleading at any�ime thereafter.
<br /> Defecti�e �v[Ea#eraliza�ivn. Th�s Deed of Trust ar any ❑f the Relat�d ❑vcuments ceases t❑ be in #ui� force and
<br /> effec� �inc[uding fai[ur� of any cv[[a��ral d�cument t❑ create a �alid and per�e�ted security �nterest or �ieny at any
<br /> time and�or any reason.
<br /> ❑eath or Insolvency. The death of Trustor, th� inso[�ency❑f Trust�r, the appointment vf a receiver�or any part of
<br /> Trus�or`s praperty, any assignment far the bene�i� vt creditors, any type af credi�or workout, ar fihe
<br /> commencement❑t any proceeding under any bankruptcy or insol�ency laws by or against Trustar.
<br /> Creditor or For�eiture Proceedings. Cammencement �� �oreclosure or fvrfeitur� praceedings, whether by �udicial
<br /> proce�ding, sel�-help, repassessE�n ❑r any vther method� by any cr�ditor of Trustar or by any go�ernmental ag�ncy
<br /> against any pr�perty securing �he [ndeb�edness. This incfudes a garnishmenfi o� any of Trustar's accvunts,
<br /> including deposit accounts, with Lender. Hvwev�r, this E�ent af Default shaf[ not apply if �h�re is a gaod faith
<br /> dispute by Trustor as to the �alidi�y or reasonableness vf the claim which is the hasis of the creditor ar forfeiture
<br /> praceeding and if Trustar gi��s Lender writ�en notice a� the credito� vr forfeiture prviceeding and deposits with
<br /> Lend�r monies or a surety band t�r the creditor❑r far�eiture praceeding, in an amaunt determined by Lender, in its
<br /> svle dis�retion� as being an adequate reser�e❑r bond far th�dispute.
<br /> Brea�h o#�ther Agreement. Any }�reach by Trustor und�r the terms of any ❑ther agreement betwe�n Trustor and
<br /> Lender thafi is not remedied within any grace period prv�ided therein, inc[uding wi�hvut ��mitat�on any agr�ement
<br /> concerning any indebtedness�r vther obligation of Trustor to Lender, whether existing now or later.
<br /> E�ents Affe��ing Guarantvr. Any of�he preceding e�ents occurs with resp�c�ta any guarantor, endorser. surety.
<br /> ar accommada#ion party of any of the Indebtedness or any guarantar, �ndorser, surety, or accommodatian party
<br /> dies vr becomes incompe�ent, a� re�ok�s vr disputes the �alidity af, vr iiability under, any Guaranty o� �he
<br /> lndebtedness.
<br /> Adverse Change. A materiaf ad�erse change ❑ccurs in Trusfior's finan�ial condition, ❑r Lender be����es the
<br /> prvspect❑f payment or per�ormance of th� lndeb�edness is impaired.
<br /> lnsecurity. Lend�r in good fai�h belie�es itse[�Ensecure.
<br /> Existing �ndebtedn�ss. The payment of any instaiiment of principal or any interest on the Existing ]ndebtedness is
<br /> not made within the t�me required by the promisso�y nate e�idencing such indebtedness, vr a de#ault occurs under
<br /> the instrument securing su�h ind�btedness and is not cured during any applicable grac� perE�d �n such instrumen�,
<br /> or any suit or vther action is cvmm�nced to foreclose any existing lien on the Prap�rty.
<br /> Righ#to Cure. f#any d�fault, ❑ther than a defau[t in payment, is curab[e and if Trustor has not be�n gi�en a natice
<br /> v�a breach vf�he sam� pro�isi�n of this ❑eed vt Trust within the preceding twe��e �1�} mon�hs, it may be cured if
<br /> Trustar, after Lender sends wri��en no�ice�o Trustor demanding cure of such de�ault: �'i� cures the de�fault within
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