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DEED OF TRUST 200204932 Loan No: 9002 (Continued) I Pager 5 vevanes and shell ec lrver a aute and dc to Truster suitable statements of termination of y financing statement an fie evidenenp Lando: s security interest in the Rmta and the Personal Prop". Any reconveymae fee requited by law shall be paid by Trus[ar, it permitted by applicable law. EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute an Event M Default under This Dead of Trust. Payment Default- Truster falls to make any payment when due under the Indebtedness. Other Defaults. Tmstor fails to comply with or to perform any other term, obligation, covenant or condition contained in this Deed of Trust or in any of the Related Documents or to comply with or to perform my term, obligation, covenant or condition contained in any other agreement between Lander and Tr user. Compliance Default. Failure to c,,ri with any other term, obligation, covenant or condition contained in this Dead of Trust, the Note or in any of the Related Documents. If such a friars is curable and d Trustor her not been given a notice of a bleach of the sane provision of this Deed of Trust within the prmeding twelve 02) months, it may be cured land no Event of Default will have occ sin" if Truster, after Lander funds written notice demanding cure of such failure: (a) cures The fa?vre within fifteen 05) days; or its) A the core requires more than fifteen (75) days, immediately'n.itintes steps sufficient to cure the failure and thereafter continues and sample':, all re "enable and necessary along sufficient to produce complience as soon as memaebly practical. Default un Other payments. Failure of Theater within the time required by this Deed of Trust to make my payment for tax" or insurance, or any ether payment necessary to prevent fling of or to effect di.sti of my lien. Default In Favor of Third Parties. Should Trustor default under any loan, extension of credit. security agreement, purchase or sales agreement, or any other agreement in favor of any other creditor or person that may materially affect any of Threat's property or Truster: s abiiity ',o repay the Indnbtadnese or perform Their respective obligations under the Deed of Trust or my of the Related Documents. False Statameme. Any w .bty, representation ar tatement made or furnished to Lander by Trustor or on Trustor'. behalf under The Deed of Trust or the Related Documents is false or misleading in my material respect, either now or at The time made or furnished or becomes false or misleading at any time thereafter. Defective Collateralizaton. This Dead of Trust or any of The Related Documents ceases to bas in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lim) at any tine and for any reason. Death or Insolvency. The dissolution of Tiberia's (reoardl "s of whether election to conMU, a mad.). my member withdraws from the limited liability company, or any other nomination of Truster's existence as a going business or The death of any member, The solvency of Trustor, the appointment of a receives for any part of Trusta'. property, any assignment for the benefit of creditors, any Type of :reinter workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Truster. Creditor or Forfeiture proceedings. Commmeemant of foreclosure or fortedvre proceedings, whether by judicial n...aeding, velf -hip, rep ®scssion or any other method, by any oiah.or of Truster or by any governmental agancy against any property scouring the Indebtedness. This includes a garnishment of any of Truster's accounts, including deposit accounts, with Lander. However, Thu Evan, of Default shall not an,;: if dare is a good faith i ispcte by Treater as to the validity or reasonableness of The claim which is The basis or the creditor or fodeinge proceeding and H Truator gives Lander writtm none, of the creditor or forfeiture proceeding and dapasib with Lander monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lander, in iu sole diecratinn, as Lein, an adequate rosary. or bond far The dispute. Breach of Other Agreement. Any breach by Truster under the terms of as othw agreement between Trustor and Lander That is not r areadiad within any grace period provided therein, including without limitation any agreement concerning any indebtedness or other obligation of Trustor to Lander, whether existing now or later. Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or my Guarani., dies or becomes incampet rnm or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. Adverse Change. A material adverse change occurs in Truster's financial condition, or Lender believes the prospect of payment or performance of the Indebtedness a imposed. Insecurive. Lender in good faith believes itself insecure. RIGMS AND REMEDIES ON DEFAULT. If an Event of Default occurs undo This Deed of Trust, at any time thereafter, Trustee or Lander may exercise any one or morn of the following rights and remedies: Acceleration Upon Default; Additional Remedies. If any Event of Default occurs as per The terms of The Note secured hereby, Lander may declare all Indebtedness secured by this Deed of Trust to he due and payable and the same shall thereupon become due and payable without any presentment, dan.nd, protest or notice of any kind. hereafter, Lender may: (a) Either in person or by agent, with or without bringing any action of proceeding, or by a receiver appointed by a court and without regard to the adequacy of its security, enter upon and take possession of the property, or any part thereof, in its own name or n the name of Trustee, and do any acts which it deems nagervary, or desirable to preserve The vdue. marketability or rentability of The property, or part of Me property or Merest in the Property: increase the income from The Property or protect the absurd, of the Property: and, with or without taking possession of the property, sue for or otherwise collect the rents, issues and profits of the property, including Those past due and unpaid, and apply the same, less costs and expanses of operation and collection attomays' fees, to any colmhodness secured by this Deed of Trust, all in such order as Lender may determine, The entering upon and taking possession of the Property, the collection of such rants, issues and profits. and The application thereof shal; not cure or waive any default or notice of default under this Dead of Treat or invalidate any act done in response to such default or pursuant to such notice of default: and, notwithstanding the continuance in ....esaion of the Property or the collection, receipt and application of rents, issues or profits. Trustee or Lender shall be entitled to exercise every fight provided for In the Note or the Related Documents or by low upon the occurrence of a,, event of defaon, nel,cm, the ^; ht to exarebe the power of sale;