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2� 17�2793 �]EED �F TRUST Loan No: 1�'I 3D4535 {Con�inued� Page 6 Qo�uments, and ��y �he liens and se�uri�y interes�s created by this Deed o�Trust as first and prior liens ❑n �he Praper�y, whether nouv owned or hereafter acquired by Trustor. lJnless prohibited by law ❑� Lender agrees to the contrary in writing, Trus�or sha�l reimburse Lender far all costs and e�cpenses incurred irt Gonnection with the matters re�erred t❑ in this paragraph. ►��#Qr�ev�in-Fac�. If Trustor fails �o do any o�the thin�s r�ferred t� in �h� precedin� paragraph, Lender may do s❑ fvr and in th� name ❑f Trustar and a�Trustor's expense. Far such purpases, Trustor hereby irrevo�ably appaints Lender as Tru�t�r's a�tarney-in-fact far�he purpose a� making, executing, deli�ering, filing, recardin�, and daing all other �hings as may be n�cessary or desirable, in Lend�r's sole apinian, �a accamplish th� matters re�erred to in �he preceding paragraph. FULL PERF�RMANCE. lf Trustor pays al� the Indeb�edn�ss, including withaut limi�ation all �uture advances, when due, �nd oth�rwise per�orms all the obligations imposed upor� Trustor under this Deed af Trust, Lender shall execute and deliv�r to Trustee a r�quest fv� fu[I reconveyance and shali exeCute and deliver t❑ Trustor suitable sta�em�nts of �ermination ❑f any financing stat�ment on file e�idencing Lender's seGurity interest in the Ren�s and the Persanal Praperty, Any recanW�yance fee required by law shali be pai� by Trusto�, if permitted by applicable law. EVENTS �F DEFAULT. Each a� the fol�owing, at L�nder's ❑ptian, sha�l constitute an E�ent of ❑efault und�r �his Deed af Trust: Paymen#Defau�t. Trustor fails�❑ malce any payment when due under�he Indebtedness, (]ther I�efaul�s. T�ustar fails to comply with or t❑ perform any ather �erm, obltga#ion, co�enan� or �ondition con�ained in �khis ❑eed a� Trust ar in any of �he Related Dacuments or ta comply with or to perfarm any term, ❑hligation, co�enan�or conditian contain�d in any other agreement�e�we�n Lender and Trustor. Cvmpliance Default. �ailure to Comply wi�h any other term, obliga�ion, �av�nan�r or �andit�on can�aine� in this De�d of Trust, the Note ar in any❑f the Re�ated Dacuments. Defaul�on Dther Payments. Failure o�f Trustar wi�hin�he time required by this Deed ❑f Trust t❑ malce any payment fflr tax�s ar insurance, or any other�aymen�necessary�❑ pre�en��iling �f or t❑ e��Fect dischar�e o�any li�n. False S�at�men�rs. Any warranty, represen�ation or stat�ment made or furnished to Lender by Trustor ❑r on Trustbr's behalf under this ❑eed af Trust ar the Rela�ed Dncuments is fals� or misleading �n arty material resp�ct, either novv ar at�kh�time made�r�urnished ❑r be�ames �alse❑r misleading at any tim�th�reafter. Defectirre Collateralizatian, This Deed of Trust �r any o�F the Related Dacumen�s ceases to be in fu�l �orce and e�fect �in�luding failure a� any cal�ateral document ta create a �a�id and perfected s�curity inte�est or lien} at any time and for any reasvn. Dea�h vr Inso��en�y. The dea�h of Trus�or, the insol�en�y ❑f Trus�or, the appaintment o�a receiver for any part a� Trust�r's pr❑per�y, any assEgnmen� for the �enef�t af credi�ors, any �ype o� cr�d�tor vuorkout, ❑r �he cflmmencement of any pr�ceeding under any banlcruptcy or insolvency �aws by❑r agains�Trus��r. Credi�tor or Farfeiture Proceedings. �ommencem�nt ❑f for�c�osure or �or�eiture pro�eedings, whe�her hy judicial pr��eeding, sel�-help, repossessian or any oth�r method, by any credi�ar❑f Trus�or c�r by arty gaWernmenfial agency against any praperty s��uring the lndebtedness. This includes a garnishm�n� of any of Trustar's a�caunts, including depvsit accounts, wi�h Lender. However, �hfs E�ent o�F ❑efault shall not apply i� there is a gaod #aith dispu�e by Trus�or as �� the validi�y ❑r reason�blen�ss of fihe claim which is the basis of the credi�or �r for�eiture praceeding and if Trustor gi�es Lend�r wri��en natice of �he creditor ar �orfeiture proceeding and depvsi�s with Lender monies or a surety band �or the Gredi�or ar for�eEture pr�ceeding, in an am�ur�t de�ermined by Lender, in its sole dis�retion, as being an adequate reser�e or b�nd far�he dispute. Breach of a#her Agreement. Any breach by Trust�r under �he terms o� any ather agreemen� befiween Trus�ar and Lender �hat is not remedied wi�hin any gracs period pro�ided �herein, inciudEng withaut iimi�ati�n any agreemen� concerning any indebtedness ❑r other❑bligation❑f Trus�or to Lender, whether exis�ing now or later. E►►�nts Affe�ting Guarantar. Any ❑f �he preceding events flccurs w�th respect �o any guarantor, endorser, surety, or accvmmadativn party vf any of #he Indebtedness �r any guarantor, �ndarser, surefy, ar accommada�tion party di�s or becames inCompet�nt, or reWakes or disputes the �alidity af, ❑r �iabi�ity under, any Guaranty of th� Indebtedness. Ad�erse Change. A material ad�erse change o�curs in Trustor's financial ��ndition, ar Lender befieves th� prosp�c��f payment❑r per�ormance of the lndebtedness is impaired. Insecuri�y, Lender in g�od faith believes itself insecure. Exis#ing Indebtedness. The payment vf any ins�allment ❑f principal ar any interest an th� Existing Indebtedness is nat made within the �ime required by the promissory note eWiden�ing such indeb�edness, or a default occurs under the instrumen�securing such indebtedness and is no� �ured during any applicabEe grace perind in such instrum�nt, or any suit❑r ather ac�ion is cammenced t❑�areclase any existing lien on the Proper�y. Ri�ht tv Cure. f�f any defaul�, other�han a default in payment, is curable and i�Trustor has nat been gi�en a natice ❑f a br�a�h �f the same pro�isi�n of this Deed of Trust within the preceding tvuel�e {12} months, it may be cured if Trustor, a�ter L�nder sends written no�i�e to Trustor demanding cure of such default: t 1� cures the d�fault within