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<br /> ' � the clata of such notice at ttae DePault Rat� oP Interest. No�hing ���-
<br /> .; � cc�ntained in �his section (4) shali obliyate the Henoficiary or �
<br /> Trustee to i�ncur an ex ens� or take an action h�reunder, and �""
<br /> T`i;:;'.
<br /> Y P Y C:^=-
<br /> ,� Beneficiary and Trustee shall not incur any liab�lity as a result ---_
<br /> F".__;__..
<br /> of any actions �eg► may take or omit take hereundor. k::�:=_-
<br /> 5. ACTIONS AFFECTZNG TRUST �STAT�. Trustor, at its own '-�
<br /> oxpense, shall appear in and contest vigorously an�r action or __-
<br /> °� proceeding purporting to adversely aPfect tlie Tr�at Bstate. or t3�e _
<br /> rights and powers of Benefic3a�y or Trustee hereunde�, and shall �
<br /> . pay all costs and expenses, including tha cosC oi� evidence of
<br /> r � . �itl� axtd attorneys• fees to the fullest ext�nt permi�ted by
<br /> , , . � Gove��ing Lawy ir► any �ucln action or pr�aeedingo _
<br /> ' �� 6. EVENTS OF DEFAULT. Any of the following ehall
<br /> , •
<br /> co�astitute an "�vent of Dafault"' hereunder: �•---
<br /> ;
<br /> • (a) Tha� date which is fifte�n (15) days �ifter the �;--
<br /> �, ;�;��.-� date on which any pay�ment is due from Trus�or to Henefaciary or _
<br /> , �:��f;,'�. Trustee hereunder; provided tkiat Borrower shall lzave ten (10) =�
<br /> �':,:; ::, days from receipt of notice from Lander to cure any deficienay in �.-�•�-
<br /> �� � paymen� aaused by the failure of any Tenant ta timely make a �
<br /> : � �'�..',,, . payment due under any Lease directly to Lender; ��
<br /> _ ��;�
<br /> � � . . (b) Failure of Truator to cure any other breach or
<br /> default by Trustor of any term, covenant, agreemerat, aondition, =
<br /> ' �� provisi.on, representation or warranty of �his Trust Deed wi.thin _
<br /> . tk�irty (30� days after notice of such �s�ilure is rec�ived by _
<br /> " Trustor, ar, if such breach or default cannot be cured within
<br /> �� �uch thirty-day perlod with the exorcise of all due diligence and
<br /> Txustor commences to cure the same with all due diligence befoxe -_
<br /> the expiratian of such thirty-day pexiod, wit�in such period oiP '�''�
<br /> � �im� as may be necessary to cure the same with the exercise of ��
<br /> �� ,; all duo dillgence; -�'
<br /> . . �:
<br /> � (c) The occurrQnce of an "Event of Default"' as defined „A-
<br /> in any other Loan Instrumen�; `�-1
<br /> ••,-
<br /> , �. (d) The transfer by agreement or operation of law of
<br /> � . equitable title to all. or any portion of the Trust Estate, any
<br /> change in the Qquity ownership of Tx�ustor or the existence or �
<br /> � imposition of any lien (other than liens expresaly permitted or
<br /> :, created by any Loan Instrument) covexing all or any portion of
<br /> the Trust lEstate, without the prior written consent of '`
<br /> � Seneficiary, which may be withheld i.n Hene�tciary's sole
<br /> � discretion; ar
<br /> (e) The entry 2�y any court of a final �udgmont against
<br /> Trustor which might reasonably be anticipated �o rnaterially and I
<br /> � �"� adversely affect �he ability of Trustor to perfnrm their i
<br /> , � res�aective obZigation� under any of the Loan Instruments. �
<br /> 7. ACCELERATION UPON DEFAULT; REFIEDIES. Irz the event of '
<br /> any �vent of De�ault, Benef iciary at its option may d�alare any �
<br /> , . . �
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