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202207920
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Last modified
11/9/2022 3:58:48 PM
Creation date
11/9/2022 3:58:47 PM
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DEEDS
Inst Number
202207920
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202207920 <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 upon <br />the Property; <br />(d) A writ of execution or attachment, or any similar process entered against <br />Trustor, that shall become a lien on the Property or any portion thereof or interest <br />therein; <br />(e) Any default by Borrower or Trustor under any loan, extension of credit, <br />security agreement, purchase or sales agreement, or any other agreement, in favor <br />of any other creditor or person that may materially affect any of Borrower's or <br />Trustor's property, or Borrower's ability to repay the indebtedness, or Borrower's <br />or Trustor's ability to perform their respective obligations under this Deed of Trust <br />or any of the Loan Instruments; <br />(f) Any warranty, representation, or statement made or furnished to Lender <br />by Borrower or Trustor, or on Borrower's or Trustor's behalf, under this Deed of <br />Trust or the Loan Instruments is false or misleading in any material respect, either <br />now or at the time made or furnished, or becomes false or misleading at any time <br />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 any <br />grace period provided therein, including without limitation any agreement <br />concerning any indebtedness or other obligation of Borrower or Trustor to Lender, <br />whether existing now or later; <br />(k) Any of the preceding events occurs with respect to any guarantor, <br />endorser, surety, or accommodation party of any of the indebtedness; or any <br />guarantor, endorser, surety, or accommodation party dies or becomes incompetent, <br />or revokes or disputes the validity of or liability under any Guaranty of the <br />Indebtedness; <br />Page 4 of 8 <br />
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