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DEED OF TRUST 200206420
<br />Loan No: 774249 (Continued) .Page 5
<br />this Deed of Trust.
<br />Further Assurances. At any time, and from time to time, upon request of Lender, Traylor will make, execute and deliver, or will cause
<br />to be made, executed or delivered, to Lender or to Lender's designee, and when requested by Lender, cause to be filed, recorded,
<br />reflled, o rerecorded, as the case may be, at such times and in such offices and places as Lender may deem appropriate, any and all
<br />such mortgages, dead, rt of trust, security deeds, s s ad agreements, said finsuring statements, continuation ry Or a sir le in order of
<br />effectuate, a , perfect, and other documents as may. In the sole u tar's of Lender, ben of or is Deed o in order to
<br />effectuates complete, perfect, continue, or preserve (11 Borrower's and by this is obligations under the
<br />and prior this Deed of Trust, and
<br />the Related Documents, and 121 the liras and Truster, interests created by this Deed of Trust a }trot and prior liens on the Properly,
<br />whether now owned or hereafter acquired n Trustor. Unless connection by law a Lender agrees to the contrary h. writing, Irustor
<br />shall reimburse Lender for all costs and expenses incurred In connection with the matters referred to in this paragraph.
<br />AttarneYin -Fact. If Trustor fails to do any of the things referred to in the preceding paragraph, Lender may do so for and in the name
<br />of Trustor and at Trustor's expanse- For such purposes, Trustor hereby Ir ovocably appoints Lander as Trustee's attorney -in -fuel for
<br />the Pauli Of granny, executing, delivering, filing, re000gm , and doing ell Other gongs as may be necessary or desirable, in Lender's
<br />sole opinion, to accomplish the matters referred to in the preceding paragraph.
<br />FULL PERFORMANCE. If Borrower pays a1I the Indebtedness, including without limitation all future advances, when due, and otherwise
<br />performs all the obligations imposed upon Trustor under this Deed of Trust, Lender shall execute and deliver to Trustee a request for full
<br />reconveyance and shall execute and deliver to Trustur suitable statements of termination of any financing statement on file evidencing
<br />Lender's security interest in the Rents and the Personal Property. Any reconveyance fee required by law shall be paid by Trus➢oq If
<br />permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute an Event of Default under this Decd of Trust:
<br />Payment Default. Borrower fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Borrower or Trustor fails to comply with or to perform any other term, obligation, covenant o correction contained in
<br />this Deed of Trust o any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition
<br />contained in any otherlagreement between Lender and Borrower or Trustur.
<br />Compliance Default. Failure to comply with any other term, obligation, covenant or condition contained in this Deed of Trost, the Note
<br />or n any of the Ralated Documents. If such a failure Is curahla and If Rorrower or Trustor has not been given a notice Of a breach of
<br />the same provision Of this Deed of Trust within the preceding twelve 112) months, it may be cured land no Event of Default will have
<br />occurredl if Borrower or Irustor, after Lender sends written notice demanding cure of such failure: let cures the failure within fifteen
<br />(15) days; or Ibl if the cure requires more than fifteen 115) days, immediately initiates steps sufficient to curs the failure and
<br />thereafter continues and crumplares all reasonable and necessary stops sufficient to produce compliance as soon as reasonably
<br />Practical.
<br />Default on Other Payments. Failure of Traylor within the time required by this Deed of Trust to make any payment for taxes or
<br />insurance, or any other payment necessary to prevent filing of or to affect dlxnharge of any lien.
<br />False Statements. Any warranty, representation or statement mad,, or famished to Lander by Borrower or I rustor or on Borrower's or
<br />Trustor's behalf under this Deed of Trust or the Related Documents is false or misleading in any material respect, either now or at the
<br />time made or furnished or becomes false or misleading at any time thereafter.
<br />Defective Collateralization. This Deed of Trust or any of the Related Documents subsea to be In full force and effect (including failure
<br />of any collateral document to create a valid and perfected security interest or Item at any time and for any reason.
<br />Insolvency. The dissolution or termination of Borrower's or Trustoi s ingerenne as a going business, the insolvency of Borrower o
<br />Trustor, the appointment of a receiver for any part of Borrower's or TrusNr's properly, env as'siynmcnt for the benefit of manner,
<br />any type of creditor wurkaut,r or the commencement Of any proceeding under any bankruptcy or insolvency laws by or against
<br />Borrower or Trustor.
<br />Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by Iudicial proceeding, self -help,
<br />repasession or any other mefhnd, by any creditor of Borrower or Trustor or by any governmental agency against any properly
<br />securing the Indebtedness- This includes a garnishment of any of Borrower's or Truster's accounts, including deposit accounts. with
<br />Lender. However, this Event of Default shall not apply If there is a groat faith dispute by Borrower or Trustor as to the validity or
<br />reasonableness of the claim which is the basis of the creditor or forfeiture proceeding and if Borrower or Trustor gives Lender written
<br />notice of the creditor or forfeiture proceeding and deposits with lender m ' surety bond for the creditor Or forfeiture
<br />proceeding, in an amount determined by Lender, in its sole discretion, as being anadequatereouve or bond for the dispute.
<br />Breach of Other Agreement. Any breach by Borrower or Trustor under the terms of any other agreement between Barrawar n
<br />Trustor and Lender that is not remedied within any grace period provided therein, including without limitation any agreement
<br />concerning any Indebtedness Or other obligation of Borrower or Trustor to Lender, whether existing now or later.
<br />Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety, or accommodation
<br />party of any of the Indebtedness or any guarantor, interior, surety, or accommodation party dies or becomes Incompetent, o
<br />Pokes or disputes the validity of, or liability tinder, any Guaranty of the Indebtedness. In pre avant of n death, Lenders at Its option,
<br />may, but shall not be required to, permit the guarantor's estate to assume unconditionally the obligations arising under the guaranty in
<br />a manner satisfactory to Lender, and, in doing so, cure any Event of Default.
<br />Adverse Change. A material adverse change occurs in B.I-mv er'a or Tractor's finopcial car,d,t,Orlr Or Lander believes the prospect of
<br />payment or performance of the Indebtedness Is impaired.
<br />Insecurity. Lender In good faith believes itself insecure.
<br />Existing Indebtedness. The payment of any installnumt of principal or any Interest on the Existing Indebtedness is not made within the
<br />time required by the promissory note evidencing such indebtedness, or a default occurs under the instrument securing such
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