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2� 17� 1481 aEED D� TRUST Lvan Na: '1�'I 3��34� �C�ntinued} Page 6 o�her documents as may, in�he sole opinion of Lender, be necessary or desirable in ❑rder�o effectuat�, comple�e, p�rfe�t, cantinue, ❑r preser�e ��} Trustor's obligations under the Nvte, this Deed ❑� Trust, and �he Rela�ed Documents, and ��} the ��ens and security in�erests created 1ay this Deed of Trust as first and priar liens vn the Prvperty, whether now awned or hereaf�er acquired by Trustor. Unless prvhibified by law ❑r Lender agrees to �he cvn-�rary in lrvri�ing, Trustvr shall reimburse Lender far all C�5�5 and expenses incurred in canne��ion with �he ma�ters referred to in this paragraph. Attorney-in�Fac�. �f Trustor fails�❑ do any of�he �hings referred tv in the preceding pa�-agraph, Lender may do s❑ �or and in the name ❑f Trusfior and at Trus�or's expens�. For such purpases, Trustor hereby irreWocably appoints Lender as Trus�or's attorney-in-�act�vr fihe purpose❑f making, executing, del3�ering, �iling, recording, and doin� all ofiher things as may be necessary or desirable, in Lender's svle vpinion, to a�cvmplish th� matters referred to in the preceding paragraph. FULL PERF�RMANCE. If Trustor pays all the lndebtedness, including without limitation all fu�ure ad�ances, when due, and ❑�herwise performs a[I the obligatians imposed upan Trustar under �his �eed ❑� Trust, Lender shall execute and deli�er tv Trustee a reques� for full re�on�eyan�e and shall execu�e and deli�er fiv Trustor sui�able statements of �ermination ❑f any financing statemen# ❑n ��le evidencing Lender's security interes� in the Rents and the Personal Praperty. Any recon�eyan��ee required 1�y law sha�E be pa�d by Trus�or, i�r permitted by applicable law. EVENTS �F DEFAULT. Each ❑f the faliowing, at Lender's optian, shall �vnstitute an E�ent of Default under�his Deed ❑f Trust: Paymen�Defau�f. Trusto�--�aifs to make any paymen�when due under�he Indebfiedness. �ther T�e�Faul�s. Trustv�- �ails �o comply wi�h or tv p�rform any o�her term, obligation, covenant or cvndi�ion contained in this Deed ❑�f Trus� ❑r in any o� �he Related Dvcuments or fi❑ comply with or �ta perform any �kerm, obligation, ca�enan�or candit�on contained in any other agreement between Lender and Trustvr. Cvmp�iance Defau�t. Failur� t❑ comply with any v�her term, o�ligation, cv�enant vr conditivn contained �n this �eed vf Trust,the Note❑r in any��the Related Documents. De�auEt on�th�r Payments. Failure❑�F Trustor within the time required by this Deed of Trust to make any payment �vr�axes or insurance, or any ather payment necessary ta pre�ent filing of or tv effect discharge a�any lien. False S�a�ements. Any warran�y, representa�ion or sta�ement made ar #urnished to Lender by Trus�ar or �n Trusfior's behal� under fihis Deed of Trust or�he Rela�ed Do�uments is �alse or misleading in any material respect, either now ar at�he�ime made or�urnished or becames fa�se❑r misleading at any time thereaf�er. ❑e�ectiWe Calla�eraliza�ion. This aeed of Trust or any of �he Related Dacuments ceases t❑ be in full force and effecf �including �ailure ❑f any collaterai document�o crea�e a �alid and per�e�ted security interesfi vr �ien} at any time and for any reason. Insvlven�y. The dissvlufiion ❑r terminatian ❑�Trustor's �xistence as a going business, fihe insolven�y ❑f Trustor, �he appoin�ment of a re�eiver for any part ❑�F Trustvr's property, any assignmen�t for the benefit ❑f creditars, any type at credi�ar wvrkoufi, or the commencement❑f any pro�eeding under any bankrup�cy or insofvency laws by or against Trus�or. Credi�or or Forfei�ure Praceedings. Cammencemen� of �oreclosure or �arfeiture proceedings, whe�her by judi�ia� proceeding, self-help, repossessi�n or any ofiher me�hvd, hy any creditor of Trus�or or by any go�ernmentai agency against any proper�y securing �he lndebtedness. This includes a garnishment �f any �f Trustvr's accounts, including depasit accounts, with Lender. Howe�er, this EWent of De�ault shall not apply i� the�-e is a good faith dispu�e by Trustar as ta the �alidi�ty ❑r reasonabl�ness of the claim which is the basis o#the credito� or�orfeiture pro�eeding and if Trustor gi�es Lender written not�ce ❑f �he credi��r or ��rfiei�ur� proceeding and depvsits with Lender mvnies or a surety bond for the credi�or❑r fvrfeiture prv�eeding, in an amvun�determined by L�nder, in its sole discretion, as being an adequa�e reser�e or bvnd�vr�he dispute. Breach vf ather Agreement. Any hr�ach by Trus�or under-�he�erms v�any vther agreemen�betv►reen Trustor and Lender thafi is n�t remedied within any grace period prv�ided therein, including withvu� limi�a�ivn any agreement concerning any indebtedness ar o�her ab�igation❑f Trustar t❑ Lend�r,whether exis�ing now or later. E�en#s Affecting Guarantor. Any o�the preceding e�en�s ❑ccurs wi�h respe�t tfl any guarantnr, endvrser, surety, ❑r accvmmadation party ❑� any o�the lndebtedness ❑r any guaranfior, endorser, sure�y, vr accommodation par�y dies or becomes incompetent, ❑r re�okes or dispu�es the �alidity of, ar liability under, any Guaranty of the Indebtedness. Ad�erse Change. A materia! ad�erse change ❑��urs in Trustor's financial conditian, or Lende� believes �he prvspe��o�payment or perfarmance o�the Indeb�k�dness is impaired. Insecuri�y. Lender in good faith bel�eves i�se[f insecure. Exis�ing lndehtedness. The payment o�any installment ❑f principa� or any in�eres�t ❑n the Existing lndebtedness is not made within the�ime requir-ed by�he pramissory no�e e�idencing such indehtedness, �r a default�c�urs under the instrument securing such indebtedness and is nat cured during any applical�le grac� periad in such instrument, vr any suit or ather action is commenced to fareclase any exis�ing Eien on the Praperty.