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202406301
<br />protection (collectively referred to herein as "Environmental Laws"). Trustor shall keep the
<br />Property free from all substances deemed to be hazardous or toxic under any Environmental Laws
<br />(collectively referred to herein as "Hazardous Materials"). Trustor hereby warrants and represents
<br />to Beneficiary that there are no Hazardous Materials on or under the Property. Trustor hereby
<br />agrees to indemnify and hold harmless Beneficiary and its directors, officers, employees, and
<br />agents, and any successors to Beneficiary's interest, from and against any and all claims, damages,
<br />losses, and liabilities arising in connection with the presence, use, disposal, or transport of any
<br />Hazardous Materials on, under, from, or about the Property. THE FOREGOING WARRANTIES
<br />AND REPRESENTATIONS, AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE
<br />FOREGOING INDEMNITY, SHALL SURVIVE RECONVEYANCE OF THIS DEED OF
<br />TRUST.
<br />10. Events of Default. The following shall constitute an Event of Default under this Deed
<br />of Trust:
<br />(a) Failure of the Borrower to pay any installment of principal or interest,
<br />or any other sum 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 any other payment necessary to prevent filing of or
<br />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
<br />Beneficiary by Borrower or Trustor, or on Borrower's or Trustor's behalf, under
<br />this 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 misleading
<br />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 Beneficiary 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 />Beneficiary, 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 />(1) The sale, transfer, assignment, conveyance, or further encumbrance of
<br />all or any part of or any interest in the Property, either voluntarily or involuntarily,
<br />without the express written consent of Beneficiary or as otherwise permitted herein;
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