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t DEED OF TRUST 200208456
<br />Loan No: 774831 (Continued) Page 5
<br />the purpose of making, executing, delivering, filing, recording, and doing all other things 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 all the Indebtedness, including without Invitation all future advances, when due, and otherwise
<br />performs all the obligations imposed upon Truster under this Deed of Trust, Lender shall execute and deliver to Trustee a request for full
<br />reconenwance and shall execute and deliver to Truster 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 Truster, 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 Deed of Trust
<br />Payment Default. Borrower fails to make any payment when duo under the Indentations,
<br />Other Defaults. Borrower or Truster fails to comply with or to perform any other term, obligation, covenant or condition contained in
<br />this Dead of Trust or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition
<br />contained in any other agrcernent between Lender and Borrower or Truster.
<br />Compliance Default. Failure to comply with any other term, obligation, covenant or condition contained in this Deed of Trust, the Note
<br />or in any of the Related Documents. If such a failure is curable and if Borrower or Truster has not been given a notice of a breach of
<br />the same provision of this Deed of Trust within the preceding twelve (12) months, it may be cured (and no Event of Default will have
<br />occurred) If Borrower or Truster, after Lender sends written notice demanding cure of such failure: (a) sums the failure within fifteen
<br />(15) days; or dd If the cure requires more than fifteen (15) days, immediately Initiates steps sufficient to cure the failure and
<br />thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably
<br />practical.
<br />Default on Other Payments. Failure of Truster within the time required by this Dead of Trust to make any payment for taxes or
<br />insurance, or any other payment necessary to prevent filing of or to effect discharge of any lien.
<br />False Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or Truster 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 ceases to be in full force and effect (including failure
<br />of any collateral document to create a valid and perfected security Interest or Ilan) at any time and for any reason.
<br />Death or Insolvency. The death of Borrower or Trustor, the Insolvency of Borrower or Truster, the appointment of a receiver for any
<br />part of Borrower's or Trustor's property, any assignment for the benefit of creditors, any type of creditor workout, or the
<br />commencement of any pmeneding under any bankruptcy or insolvency laws by or against Borrower or Truster.
<br />Creditor or Forfeiture Proceedings. Commoneore nt of foreclosure or forfeiture proceedings, whether by judicial proceeding, self -help,
<br />repossession or any other method, by any creditor of Borrower or Truster or by any governmental agency against any property
<br />securing the Indebtedness. This includes a garnishment of any of Borrower's or Trustor's accounts, including deposit accounts, with
<br />Lender. However, this Event of Default shall not apply if there is a good faith dispute by Borrower or Trustor as to the validity or
<br />reasonableness of the claim which is the basis of the creditor or furniture proceeding and if Borrower or Trustor givos Lander written
<br />notice of the creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture
<br />proceeding, in an amount determined by Lender, in its sole discretion, as being an adequate reserve or bond for the dispute.
<br />Breach of Other Agreement. Any breach by Borrower or Trustor under the terns of any other agreement between Borrower or
<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 a with respect to any guarantor, endorse, surety, o modstion
<br />party of any of the Indebtedness o any guarantor, endorser, ss rely, o oodalion party dies or becomes r n ompelent, o
<br />revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, 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 Londe, and, in doing oo, cure any Event of Dofault
<br />Adverse Change. A material adverse change occurs in Borrower's or Trustor's financial condition, or Lender believes the prospect of
<br />payment or performance of the Indebtedness is impaired.
<br />Insecurity. Lender in good faith believes itself insecure.
<br />Right to Cure. If such a failure is curable and it Borrower or Trustor has not been given a notice of a breach of the same provision of
<br />this Deed of Trust within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower
<br />or Trusts, after Lender sends written notice demanding pure of such failure: (a) cures the failure within fifteen (15) days; or (b) if
<br />the cure requires more than fifteen (15) days, immediately intiatue stops sufficient to auto the failure and thereafter eonbnues and
<br />completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Deed of Trust, at any time thereafter, Trustee or Lender
<br />may exercise any one or more of the following rights and remedies
<br />Acceleration Upon Default; Additional Remedies. It any Event of Default occurs as per the terms of the Note secured hereby,
<br />Lender may declare all Indubtednnss secured by this Deed of Trust 10 be due and payable and the same shall thereupon become
<br />due and payable without any presentment, demand, protest or notice of any kind. Thereafter, Lender may
<br />(a) Either in person or by agent, with or without bringing any action or proceeding, or by a receiver appointed by a court and
<br />without regard to the adequacy of its security, enter upon and take possession of the Property, o any part thereof, in Its
<br />own name or in then of Trustee, and do any acts which it deems necessary or desirable to preserve the value,
<br />marketability p or rentability of y the Property, or part of the Property or eking p s the on of the increase
<br />pery, the Interne then the
<br />Property or protect the security of the Property: and, with or without taking possession of the Property, sue for or otherwise
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