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202109229
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11/1/2021 1:17:54 PM
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11/1/2021 1:17:54 PM
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DEEDS
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202109229
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202109229 <br />remedies under any assignment of leases and rents recorded against the Property. Lender, <br />Trustee, and the receiver shall be liable to account only for those rents actually received. <br />11. Events of Default. The following shall constitute an Event of Default under this <br />Deed of Trust: <br />(a) Failure to pay any installment of principal or interest, or any other sum <br />secured hereby, when due; <br />(b) Failure of Trustor, within the time required by this Deed of Trust, to <br />make any payment for taxes or insurance, or any other payment necessary to <br />prevent filing of or to effect discharge of any lien; <br />(c) A breach of or default under any provision contained in the Note, this <br />Deed of Trust, any of the Loan Instruments, or any other lien or encumbrance <br />upon the Property; <br />(d) A writ of execution or attachment, or any similar process entered <br />against Trustor, that shall become a lien on the Property or any portion thereof or <br />interest therein; <br />(e) Any default by Borrower or Trustor under any loan, extension of <br />credit, security agreement, purchase or sales agreement, or any other agreement, <br />in favor of any other creditor or person that may materially affect any of <br />Borrower's or Trustor's property, or Borrower's ability to repay the indebtedness, <br />or Borrower's or Trustor's ability to perform their respective obligations under <br />this Deed of Trust or any of the Loan Instruments; <br />(f) Any warranty, representation, or statement made or furnished to <br />Lender by Borrower or Trustor, or on Borrower's or Trustor's behalf, under this <br />Deed of Trust or the Loan Instruments is false or misleading in any material <br />respect, either now or at the time made or furnished, or becomes false or <br />misleading at any time thereafter; <br />(g) This Deed of Trust or any of the Loan Instruments ceases to be in full <br />force and effect (including failure of any collateral document to create a valid and <br />perfected security interest or lien) at any time and for any reason; <br />(h) There shall be filed by or against Trustor or Borrower an action under <br />any present or future federal, state, or other statute, law, or regulation relating to <br />bankruptcy, insolvency, or other relief for debtors; or there shall be appointed any <br />trustee, receiver, or liquidator of Trustor or Borrower of all or any part of the <br />Property, rents, issues, or profits thereof; or Trustor or Borrower shall make any <br />general assignment for the benefit of creditors; <br />(i) The death of Borrower or Trustor; <br />(j) Any breach by Borrower or Trustor under the terms of any other <br />agreement between Borrower or Trustor and Lender that is not remedied within <br />any grace period provided therein, including without limitation any agreement <br />concerning any indebtedness or other obligation of Borrower or Trustor to <br />Lender, whether existing now or later; <br />Page 4 of 8 <br />
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