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105092 contained herein, nor* the taking Of any action by Truttot contrary to any covenant Contained heroin. 2.S Any and all Covenants in this Deed of Trust may from tie* to t-Ime, by Instrument In writing signed by Holder and delivered* be waived to such extent and In such manner an the ftj mait- Aaafra- big* no - gjG1M%k W.Alsomm impair the M-0-1der-IX tights. or lions hereunder, except to the extent so specifically stated In sucW written instrument. ARTICLE III DEFAULT 3.1 The terns O;§6f41u1t0 as Used herein, shell mean the occurrence of any the following events: (a) the failure of Ttustor to pay any Installment of principal or intiarest.qn the Secured Indebtedness in accordance with Its term, through acceleration Or otherwise, , : or to sake any payment required under the Loolm, 'Pocusesits 84& the continuance -of such failure for a period:: cif tht"-- (3) days, i at" ', (b) the occurrence of an Event of WWI. =44T'and ss..'-dofim— in the Loan Agreement. 3.Z. If t -t,6.r.:,should t*fl to keep or perform any covenant Tiii wbatscPi*ic cont#jn4d---Jn this Do" 6t Trust, the Holder may, but Aft be. -:6b.2 tiiiied to any poison to do so, perform or 'attempt to pottat.W.-Said covenant, and any Such payment so .'Mad* or . expense incurred in the performance or attempted performance of any such covenant shall be a part of the indebtedness hereby secured, and Trustar, 'Vromisss, upon demand., to pay to the Holder at the offic* of Holder In Holdwr•s city, #11 *A:= so advanced or paid by the Holders with interest at the Default Now (as defined in the Loan Agreement) from date, when paid by the Holder until repaid by Trustot. No such payment by the Holder shall constitute a waiver of any such default. In addition to the lion hereof, the Haider shall be subrogated to all tights and lions securing the payment of any debt, claim, tax or assessment paid from any advance made by Holder. ARTICLE I.W, RgXZDIZ, MV DEFAULT 411 Upon the occurrence of i,,daf ault, the Holder may, at its option, without notice, deman6 or P'rfrAontment, which are hereby waived by Trustor, declare the entire unpaid balaimite of principal of the Secured Indebtedness, and sill accrued interest thereon, immadiateir due and payable. Thereof tot*, Holder may W