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2� 17�27�� DEED �F TRUST Laan No: 14'13�4145 �Continued� Page � �ocuments, and �2� the liens and s�curity interests created by this Deed �f Trust as first and prior liens an the Praperty, whether nvw owned ar hereafter a�quired by Trustor. Unless prohibited by �aw ar Lender agr�es tv the �ontrary in writing, Trustor shai� reimhurs� Lend�r tor ali costs and expenses incurred in cvnnection with the matters referred to in th�s paragraph. Attorney-in-Fact. If Trust�r fails to d❑ any of the things referred tv in the preceding paragraph, Lender may dv so ��r and in the name af Trustor and at Trustor's expense. For such purpas�s, Trustar hereby irre�ocably appoints Lend�r as Trustar's attorney-in-fact far th� pu�pose at making, execu�ing, de�i�ering, filing, recording, and doing all other things as may �e necessary vr desi�able, in Lender's s�le apinian, to accamplish th� matters referred t❑ in the preceding paragraph. FULL PERF�RMANCE. If Trustor pays all �he Indehtedness, including withaut iimitatian a!I �utur� ad�ances, when due, and otherwise perf�rms all the vhligativns imposed upon Trustor under this De�d af Trust, Lender shal� �xecute and deli�er to Trustee a request for full re�on�eyance and shall execute and deli�er t� Trustor suita�l� statements of termination of any tinancing statement on fil� e�idencing Lender's security interest in the R�nts and the Personal Prvperty, Any recan�eyance fee required by law shall be paid hy Trustor, if permi�t�d by applicabl� law. EVENTS flF DEFAULT. Each of the foflawing, at Lender's option, shafl constitute an E�ent �f Defauit under �his Deed of Trust: Payment Detault. Trustor fails to make any paym�nt when du� under the indebtedness. �ther De#aults. Trustor fails to comply with vr to perf�fm any vth�r t�rm, obligation, ca�enant or condition �ontain�d in this Deed of Trust vr �n any ❑f the Related Docum�nts ar t❑ �amply with �rr tt� perf�rm any term, obligativn, �o�enant❑r cvnditi�n con�ained in any vth�r agreement between Ler�der and Trustar. Campliance DefauEt. Failur� t❑ c�mply with any ather term, obligation, co��nant or conditian �on�ained in this De�d af Trust, the Nvte or�n any af the Related D�cuments. ❑efault on �ther Payments. Failure of Trustor within the time required by this ❑eed ❑f Trust to make any payment for taxes�r insurance, or any ather payment necessary to pre�ent filing of or to e#fect discharge o� any lien. False Statements. Any warranty, repr�s�ntation ❑r statement made ❑r furr�ished to Lender by Trustor ar on Trustvr's b�half under this �eed af Trust or the Related Do�uments is fa�se ar misleading �n any materia� respect, either naw ar at th� time made or furnished vr becames false❑r misleading at any time thereafter. Defecti�e Collateraiization. This ❑eed of Trust or any of the Reiated Documents ceases to he in full force and effec� 4including failure of any �vllateral document to create a �alid and p�r#ec��d security interest or lEen� at any time and fvr any reas�n. Death or �nsvl�ency. The death of Trustor, the �nsol�en�y ❑f Trustor, the appointment a# a recei�er tQr any part vf Trustor's prope�ty, any assignment for the benefit vf creditvrs, any �ype of creditor workout, ❑r the c�mmen�ement flf any praceeding under any i�ankruptcy or insol�ency laws by or against Trustor. Creditor or Forfeitur� Prviceedings. Commencement of f�reciasure ❑r tarfeiture pr�ceedings, whether by judi�ia! praceeding, seff-he�p, repossessian ar any�ther m�thod, hy any�reditvr of Trustvr or by any go�ernmental agency against any praperty se�uring the lndebtedness. This includes a garnishment ❑f any of Trustor's accvunts, including deposit a�caunts, with Lender. Hawe�er, this E�ent of Default shall not apply if there is a goad faith dispute by Trustor as t❑ th� �alidity or reasonableness of the �laim which is the basis of the creditar or f�rfeiture proceeding and if Trustor gi�es Lender writt�n natice of �h� creditor ❑r forfeiture proceeding and deposits w�th Lender mvnies ar a surety bond for the creditor ❑r forfeiture prvice�ding, in an amount determined by Lender, in its svle discretion, as being an adequate reser�e ❑r bvnd far the dispute. 6rea�h o�Q#her Agreement. Any breach by Trustar under the terms of any ather agreem�nt �etween Trustor and Lender that is not remedied within any grace period pra�id�d therein, including without limitativn any agreement concerning any indebtednsss or other❑#�ligation of Trustor tv L�nder, whether�xisting n�w ar lat�r. E�ents Affecting Guarantor. Any af the preceding e�ents ❑ccurs with respect tv any guarantar, endarser, surety, ar accommodation party ofi any vf the Indebtedness or any guarantar, �ndorser, surety, ❑r a�c�mmadation party dies or �ecomes incompetent, ❑r re�vkes or d�sputes the �alidity ❑f, ar iiability under, any Guaranty of the Indebtedness. Ad�erse Change. A material ad�erse change occurs in Trustar's financial c�nditi�n, �r Lender belie�es the prosp�ct of payment❑r perf�rmance of the Indebtedness is impaired. Insecurity. Lender in good faith be�ie�es i�s�lf inse�ure. Existing Indebtedness. The payment ❑f any installment of principal ❑r any interes# on the Existing Indebtedness is nvt made w�thin the time required by the promissvey note e�idencing such indebtedness, ar a default occurs under the instrument securing such inde�tedness and is not �ured during any appliCable grace period in such ir�strument, ❑r any suit ar oth�r action is commenced to foreclose any existing lien on the Property. Right to Curg. I� any default, other than a default in paym�nt, is curabl� and if Trustor has not be�n gi�en a notice of a br�ach�f the same pro�ision of this Deed vf Trust wi�hin the preceding twel�e {1�� rnanths, it may �e cured if Trustor, after Lender sends written notice to Trustvr dernanding cure af such defau�t: �1} cures the default within