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2� 17�2�98
<br /> DEED �F TRUST
<br /> Lvan Nv: 'I�'I 3�4'I�� �Continued� Page 6
<br /> Docum�nts, and �2� the liens ar�d security inter�sts created by this Deed of Trust as first and priar liens on the
<br /> Property, whether now owned ar hereaf�er acquired by Trustvr. lJnless prohi�iited hy law or Lender agrees ta the
<br /> contrary in writing, Trustvr shall reimburse Lender far all C�5'�5 and expenses incurred in c�nn�ctEan with the
<br /> matters referr�d ta in this paragraph.
<br /> Atto�ney-�n-Fa�t. If Trustor tai�s to do any ❑f the things referred to in the preceding paragraph, Lender may d❑ s�
<br /> far and in the name of Trustar and at Trustor's �xpense. Far such purpas�s, Trustor hereby irre�oca�iy appaints
<br /> Lender as Trustor's attorney-in-fact �or the purpose of making, executing, d�li�ering, filing, recording, and doing a!I
<br /> other things as may be necessary ar desirahle, in Lender's sole opinion, t� accomplish the matters referred to in
<br /> th� pre�eding para�raph.
<br /> FULL PERF�RMANCE. I� Trusto� pays all the Indebtedness, including without Ifmitatian a�l future ad�anCes, when due,
<br /> and vtherwise performs all the vbligations imposed upvn Trustor und�r this ❑eed of Trust, Lender shall �xecute and
<br /> deli�er tv Truste� a request �or ful� rec�n�eyan�e and shall execu�e and deli�er ta Trustor suita�le statements of
<br /> terminati�n ❑f any financing stat�ment an file e�iden�ing Lender's security interest in the Rents and the Persvnal
<br /> Property. Any rec�n�eyan�e #ee required by law shali be paid by Trustor, if permitted hy appli�able iaw,
<br /> EVENTS �F DEFAULT. Each o# the €allawing, at Lender's optivn, sha#I const�tute an E�ent �f Default under thEs Deed
<br /> of Trust:
<br /> Paym�nt Default. Trustar fails t❑ make any paym�nt when due under the Indebtedness.
<br /> �ther Defaults. Trustar fails t❑ camply with ar t� perform any other term, obligation, c��enant �r c�ndition
<br /> cantained in this Deed of Trust or in any of the Related Dacuments or to comply with or to perf�rm any term,
<br /> obligation, ca�enant�r conditiQn contained in any other agreement between Lender and Trustar.
<br /> Campliance D�fault. Failure to comply with any a�h�r t�rm, a�ligation, co�enant or cvnditian cvntained in th�s
<br /> Deed �f Trust, the Nate ar in any of the Relat�d ❑oCuments.
<br /> Dgfault on Qther Payments, Fai�ure af Trustor within the time required by this aeed of Trust ta make any paymen�
<br /> far taxes or insurance, ❑r any other payment necessary tv pre�ent filing of❑r t❑et�ec#d�scharg� a� any lien.
<br /> False S#a#emen#s. Any warranty, representatian or statem�nt made ar furnished t❑ L�nder hy Trust�r or on
<br /> Trustvr's b�halfi under this Deed o# Trust or th� Related Documents is fafse or misleading in any material respect,
<br /> ei�her now or at�he time made or furnished or becflmes false or misleading a� any time thereafxer.
<br /> Defecti�e Co�ta#eraiizativn. This Deed af Trust ar any o# th� Related ❑acuments Ceases to be in full force and
<br /> effeGt �inciuding failure ❑f any collateral dacument tn �reate a �alid and perfected security interest vr lien� at any
<br /> time and for any reason.
<br /> �sath or Insol�ency. The death o#Trus#�r, the insol�ency vf Trust�r, the appc�intment of a recei�er fvr any part ❑f
<br /> Trustor's prvperty, any assignment for the benefit ❑f creditors, any typ� af creditor work�ut, ar the
<br /> cammencement ot any prviceeding under any bankruptcy or insol�ency laws by ar against Trustor.
<br /> Credit�r or Fvrfeiture Proceedings. Commencement af fore��osure or #arfeiture praGeed�ngs, wheth�r by judiciai
<br /> praceeding, sel€-he�p, repassessian ❑r any�ther m�thod, by any cred+tor of Trustor❑r by any go�ernmental ag�nGy
<br /> against any property securing the lndebtedness. This inciudes a garnishment af any of Trustor's ac�ounts,
<br /> inciuding depvsit accounts, with Lender. H�we�er, this E�ent o# Default shall not apply if there Es a gv�d taith
<br /> dispute by Trustor as to the �alidity or reasonab�eness ❑f the �laim wh��h is the basis ❑f the creditar or �orfeiture
<br /> proceeding and if Trustar gi�es Lender written notice of the �reditor or fvrfeiture proceeding and depasits with
<br /> Lender monies or a surety band for the creditor or for�eiture proceeding, in an amount determined by Lender, in its
<br /> sole dis�ret�on, as being an adequate reser�e ar bond for the dispute.
<br /> Breach vf�ther Agreement. Any breach by Trustar under the terms ❑f any other agr�em�nt between Trustar and
<br /> L�nder that is nat remedied within any grace period pro�ided therein, inc�uding without l�mitation any agreement
<br /> cvncerning any indebtedness ar vth�r abligation af Trustor t❑ L�nder, whether�xisting now or later.
<br /> E�ents A�fe�ting Guarantor. Any of the preceding e�ents accurs w�th respect to any guarantor, end�r�e�, surety,
<br /> or accammadativn party of any ❑f the Indebtedness ❑r any guarantor, �ndorser, sur�ty, ❑r ac�ommodatian party
<br /> di�s �r becames incompetent, ar re�okes �r disputes th� �alidity vf, ❑r �iability under, any Guaranty ❑f the
<br /> Indebtedness.
<br /> Ad�erse Change. A material ad�erse chan�e accurs ir� Trustvr's �inar�ciaf conditian, ar Lender belie�es the
<br /> prospect of payment vr performan�e af the Indebtedness is impaired.
<br /> Insecurity. Lender in gvod faith bel�e�es itself inse�ure.
<br /> Existing Indehtedness. The payment ❑f any installment vf principal or any interest vn the Existing Indebtedness is
<br /> not made within the time required by the promissory nvte e�idencing such indebtedness, or a default occurs under
<br /> the ins�rum�nt securing such indebtedness and is not �ured during any applicahle graGe periad in such instrument,
<br /> or any suit�r�ther action is cammenced to fore��ase any exfstir�g lien an the Property.
<br /> Right to Cure. If any default, other than a default in payment, is curable and if Trustar has not been gi�en a notice
<br /> of a breach af the same pro�ision �#this Deed vf Trust within the preceding twel�e {��� months, it may be cured if
<br /> Trustnr, after Lender sends writt�n n�#ic� t� Trust�r demanding cur� of such de�ault: �1 f cures the de�au�t within
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