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Loan No: 31386 200207181 DEEDO TRUST rages
<br />receirwyesnow fee required by low shall be paid by Truster, if per ea by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall mnstbNO an Event of Default under this Deed of Treat
<br />PaPUnot Behoult. Borrower We to make any payment when due under the Indebtedness
<br />Older Explo e. Borrower or Truster fails to comply with or to perform any other farm, obligation, covenant or condition wniained In this
<br />Deed of Then or in any of the Related Documents or At comply with or to perform any tens, oblieatiory covenant or condition contained in
<br />any other agreement between Lander and Borrower Or Tremor.
<br />Complul Diffaub. Fellure to comply with any other term, obigation, covenant or comedian contained in this Dead Of Tmsl, the Note or In
<br />any of the Relaletl Documeng. It such a failure Is curable and it Borrower or Tmsfor has net been given a notice of a breach of the same
<br />provision of this Deed of Trust within the preceding twelve (12) months, II may be cured (and rho Event of Default vall have occurred) a
<br />Borrower or Truawr, mar Lender rands wrftien New aamammng care of such failure: (a) cures the Prime went meen (15) days, or he n
<br />the cure requires more than flexion (15) days, imrrredialely initiates Steps sufficient to cure the failure and thereafter continues and completes
<br />of reaso noble and necessary steps wMeient to produce compliance as soon as reasonably pracu 1.
<br />Default on Older Pro mses. Fellers of Truster within the tiore required by this Deed of Trust to make any payment for texas or Insurance, or
<br />any other payment necessary to prevent filing of or to effect discharge of any not
<br />Eaton Sraummd. Any warrawy representation or Statement made or furnished to Lender by Borrower or Lower or on Borrowers or
<br />Turner's behalf under this Deed of Trust or the Related Documents Is terse or nusleading In any material rasped, either now or at the the
<br />made or furnished or becomes false or misleading at any time thereafter.
<br />Defective CAbrover'vatim. This Deed of Tmsl or any of the Related Documents ceases to be in Full force and effect endutlrng fellow of any
<br />collateral document no create a sold and perfected memory Manor or bon) at any orre and lot any re .
<br />Deere or la lvmry. The masohtion of Tuimrs (regardless of whether election to continue is maae),f any memdm wlthdrowa from me
<br />irrvled liability company, or any other Senegal of Borrowers or Trusters bromincer an a going busing or the death of any member, Jre
<br />Insolvency of Borrower or TrudDr, the appolnNtent of a receiver for any pal of Borrowers or Trusters propeM, any assignment ter the
<br />brown of creditors, any We of creditor workout, or the mmnrerlcement of any proceeding undo any bankruptcy or Insolvency laws by or
<br />against Borrower or Tudor.
<br />Crediver m Personnel RormN . Cormrencem M of foreclosure or torlolture prwaedlrlgs, whether by judicial proceeding, meH -0elp,
<br />repossession or any other method, by any creditor of Borrower or Truslor or by any governments! na agents a any prop" H ring thhe
<br />Indebtedness. This includes a garnishment of any of Borrowers or Trudars accounts, including deposit
<br />this Event of Delaup shall not apply if there Is a pass faith dispute by Borrower or Truster ae to the vilfil or reasonablonoms of the claim
<br />which Is the basis of the creditor or Promer proceeding and if Borrower or Truster give ritten Lender w notice of the creditor or forward
<br />proceeding and deposits with Lender manias or surety bond tot the Sooner or lonfi lure proceeding, in an srrwum determined by Lender,
<br />In its are discretion, ae being an adequate reserve or Wind for the dispute .
<br />tlrexh of Older Agreement. Any brech by Borrower or Truster under the terrw of any ether agreement between Borrower or Tmsfor and
<br />Lender that OF not remedied within any grace period provided therein, including without limtla4on any agreement concerning any
<br />indebtedness or other obligation of Borrower or Tmsfor to Lender, whether existing now or later.
<br />Evruts ARxlwp, Guarantor. Any of Me preceding events Occurs with respect to any Guarantor of any of the Indebtedness or any
<br />Guarantor dies or becomes Incompetent, or revenue of Opposes the validity Of or liability under, any Guaranty of the IndeMedrlsss.
<br />Adverse Cnaoge. A metemal advance change occurs In Bonowas or Tmalors financial condition, or Lender believes the prospect of
<br />payment or performance of the Indebtedness Is Impaired.
<br />lauewity. Lander in geed faith believes itself Insecure.
<br />RIGHTS A.VD REMNDIk ON DEFT. If an Event of Default occurs under this Deetl of Trust, at any Lore thereafter. Treated or Lender may
<br />exercise any one or more of the following rights and Sunni
<br />Acceleration Upon Default; Additional Rmu A. It any Event of Default occurs as per the terms of the Nole Secured hereby, Lender
<br />may declare all Indebtedness secured by this Dretl of Trust to be due and payable and the same shall thereupon hecmre due and
<br />payable without any presenenanf demand, protein or notice of any kind Thereafter, Lender trey:
<br />(a) Either in Perron of by agent with or without bringing any action or proceeding, or by a rsgvar appointed by a wurt and
<br />without regard to the adequacy at ib secumry, enter upon and lake counsel of the Properly, or any part thereof, in Aa own namer
<br />or in the nerve of Trustee, and do any acts wMCM1 it deems necessary or asslrable go, preserve the value, marketability or rentability
<br />of the Property , or pm of the Property or interest in the Property Increase the inmma Voce the Percent or action Me aecudry of
<br />the Property) and, with or without taking possession of the Property, sue tot or otherwise mllecl the rents, issues and puMS of IIIB
<br />Property including those past due and unpaid, and apply the same, less coils and expenses of normal and collation attorneys
<br />food, to any indebtedness secured by this Deed of Trust, all In such order as lender may dememtNe. The entering upon and taking
<br />possession of the Properly, the collection of such rents, Issues and profits, and the application tM1mmf shall rut cure or waive any
<br />default or noted of default under this Deed of Tmal Or invalidate any ad done In response to such default or member to such
<br />notice of default; and notwithstanding the antirel in possession of INS Property or the collection, receipt and appliation of
<br />rents, issues or pools, Trustee of Lender shall be Budded to exercise every win provided for in the Note or the Related
<br />Documents or by law upon the occurrence of any want of default. Inolutling the fight to exordia the (rawer of sale;
<br />(o) Commence a action to foreclose this Deed of Trust ea a modgege, appoint a rewsher Specira lty enforce any of the
<br />v name heroot, end
<br />(c) ¢Deliver to Trustee a written aecrarmon of default and demand for sale and a writer notice of default and asush r ro c
<br />Tmstors interest in me Property to be old, when nonce Trustee shall cause to be duly filed for record in the appropriate offices, of
<br />the County in which Ins Peowyl is located; and
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