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200011.80 change all additional Financing Statements that American Family may require to establish and perfect the priority of American Family's security interest. SECTION 5.4 MAINTENANCE OF PROPERTY. Subject to the provisions of this Section 5.4, in any instance where Borrower in its reasonable business judgment determines that any item subject to a security interest under this Trust Deed has become inadequate, obsolete, worn out, unsuitable, undesirable or unnecessary for operation of the Premises, Borrower may, at its expense, remove and dispose of such item and substitute and install other items not necessarily having the same function, provided that such removal and substitution shall not impair the operating utility and unity of the Premises. All substituted items shall become a part of the Premises and subject to the Lien of this Trust Deed. Any amounts received by or allowed to Borrower upon the sale or other disposition of the removed items of property shall be applied first against the cost of acquisition and installation of the substituted items. Any residual proceeds remaining after acquisition and installation shall be applied to the Indebtedness. Nothing herein contained shall be construed to prevent any Tenant from removing from the Premises trade fixtures, furniture and equipment installed by the Tenant and removable by the Tenant under the terms of its Lease, on the condition, however, that all damages to the Premises resulting from or caused by the removal thereof be repaired at the sole cost of Borrower if such Tenant shall fail to so repair. ARTICLE 6 EVENTS OF DEFAULT AND REMEDIES SECTION 6.1 EVENTS OF DEFAULT. The occurrence of any of the following shall be deemed an Event of Default under this Trust Deed: (a) Borrower or any co- maker, Guarantor or surety shall fail to pay any principal or interest on the Note when and as the same becomes due (whether at the stated maturity or at a date fixed for any installment payment or any accelerated payment or otherwise), and such failure shall continue for ten (10) days following the date of mailing to Borrower of written notice specifying such failure; or, (b) Borrower or Guarantor shall fail to timely make any escrow deposits required under the Loan Documents or other required deposits with American Family or to pay when due any other Indebtedness, and such failure shall continue for ten (10) days following the date of mailing to Borrower of written notice specifying such failure; or, (c) Borrower or any co- maker, Guarantor or surety of the Indebtedness shall make an assignment for the benefit of its creditors, or shall admit in writing its inability to pay its debts as they become due, or shall file a petition in bankruptcy, or shall be adjudicated a bankrupt or insolvent, or shall file a petition seeking any reorganization, dissolution, liquidation, arrangement, composition, readjustment or similar relief under any present or future 35