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aboultanesusly r*Vlaced with similar items of equal or. greater value. S.P Cha pre of Uwe. Grantor will not . Change the name - - - - -- - (It! its V - busi resrr► av= At--_ -- ness undor any other now or assumed or trade name,. without first notifying Senaft- a-i-a.ry. ME Oxontgr's intention.. to ..cla... - o .. and delivering to Nenefiaiary - such executed codifications.or 'supple- ments to this Deed of Trust (and to any financing.statement-;which may be filed in connection herewith) as Beneficiary i4y require. 5.10 Improper Use of Property or Chattels.. Grantor will not use the Property or the Chattels for any putrpo$�T,ar in any manner which violates any applicable law, ordinance. ar 6ther,:; governmental r+lquirewont, the requirements or co ndition 1`a ' insurance policy, or any private covenant.a, ; 3.11 Use of Proceeds. Grantor ,will not use art Rinds '`'" advanced by Beneficiary under the Loan Documents for any iarrpose other than as permitted by the provisions of theJ oan Agreement. ARTiCLS Y-1 xVilrl'S OF DWAMT Each of the following events will constitute a default: (an "Event of Default "). under this Deed of Trust and _under. each`•, of the other Loan Documents: 6.1 Failure to Pay Notes. The failure of Grantor to pay when due any installment of principal or interest of the Notes, or any of then, in accordance with their terms, through acceleration, or otherwise; or the failure of Grantor to make any other payment required under the Loan Documents and the continu- ance of such failure for a period of three (3) days after written notice From Beneficiary to Grantor; 6.2 Other Obligations. The failure of Grantor, SunNest or Pierson to properly perform any obligation and /or honor any negative covenant contained herein or in any of the other Loan Documents (other than the obligation to make-payments under the Notes or- the other Loan Documents) and the continuance of such failure for a period of ten (10) days following written notice thereof from Beneficiary to Grantor; provided, however, that if such failure is not curable within such ten (10) day period, then, so long as Grantor commences to cure such failure within such ten (10) day period and is continually and diligently attempting to cure to completion, such failure shall not be an Event of Default unless such failure remains uncured for thirty (30) days after such written notice to Grantor; -17- A r I r . p-