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<br /> answer seeking or acqu�.escing in any reorganization, arrangnrnent,
<br /> composition, readjustment, liquida�ion, dissolution or s.imilar
<br /> relief for itsel£ under any present or future federa l�insolvencr
<br /> ather s�atute, law or regulation relating to bankruptcy , Y
<br /> or other r�lief for debtors; or shall seek or conaent to or
<br /> acquiasc� in the appointment of any trustee, rec�iver or liquidator r
<br /> of Grantor or any guarantor af the Sec:ured Indebt�dne5s or of al].
<br /> or any part af the Premises, or of any or all of th� royalties,
<br /> revenues, rents, tseuea or profits thereaf, or sha 11 make any
<br /> general assignment for the benefit of creditors, or ehall admit in
<br /> writing its inability ta pay its debts generally ae th�y become
<br /> due; or
<br /> (e) A court of competent jurisdiction shall enter an
<br /> order, judgment or decree approving a petition filed against
<br /> Grantor or any guarantor of the Secured Indebtedness seeking any
<br /> reorganization, dissolution or similar relief under any presen� or
<br /> future federal, state or other statute, law ur requlation relatinq
<br />- to Aankruptc:y, insalvency or other relief �or debtors, and such
<br /> order, judgment or decree shall remain unvacated and unstayed for
<br /> , an aggregate of sixty (60) days (whether or not consecutive) from
<br /> the first date of entry thereof; or any trustee, receiveX or
<br /> liquidator of Grantor or any guarantor of the Secured Indebtedness
<br /> - or of all or any �Sart of the Prernises, or of any or a11 of the
<br /> royalties, revenues, rents, issues or profits thereof, shall be
<br /> appointed without the consent or acquiescence oP such Grointment
<br /> � any guarantor of the Secured Indebtedness and such app
<br /> � shall remain unvacated and unstayed for an aggregate af sixty (60)
<br /> days (whether or not consecutive) ; or
<br /> (f) A writ of pxecution or attachmEnt or any similar
<br /> proc;ess shall be issued or levied against all or any part of or
<br /> - intexest in the Premises, or any �udgment invalv ing monetary
<br /> - damages shall be entered against Grantor or any guaranfior of the
<br /> Secured Indebtedness whi.ch shal.l become a lien on the Premises or
<br /> any portion thereof or interest therein and such executinn,
<br /> attachment or similar procass or judgment is not released, banded,
<br /> satisfied, ✓acated, or stayed within sixty (60) days after its
<br /> entry or levy; or
<br /> (g) Grantor shall sell, transfer, lea se, eneumber or
<br /> otherwise convey any interes� in Grantor or the Premises or any
<br /> portion thereof; or
<br /> (h) Any warranty or representation of Grantor herein
<br /> contained or contained in any of the Laan Instrument� shall prove
<br /> untrue or. misleading in any material aspect; nr
<br /> (i) Any claim of priority to this Decd k�y title, lxen or
<br /> otherwise shall be asserted in any legal or equitab le proceeding
<br /> unless adequate security therefor or affirmative title insurance
<br /> shall be provided to Beneficiary; or
<br />= (j) Grantor shall fail to keep, observe, perform, carry
<br /> = out and execute in every particular the covenants , agreements,
<br /> obligations and condttions set out in any of th erformr carrn
<br />— Instruments or Grantor shall fail to keep, obsErve, p Y
<br /> out and execute in every particular the covena nts , agreements,
<br />'�r' obligations and conditions set out in this Deed and such default is
<br /> � not cured within fifte�n (15) days after written notice thereof
<br /> from �eneficiary to Grantor; or
<br /> (k) Grantor shall make or do any ac�ion wYiich would, in
<br /> tho nninibn of Beneficiary, materially endanger the security for
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<br /> � th� Secured Indebtedness; or
<br /> (1) Should any event of default occur in the payment of
<br /> any nbligations nwing by Grantor to Toukan Enterprises, Inc. ,
<br /> whenever and however ineu.rred or evidenced, whether direct,
<br /> -15-
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