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DEED OF TRUST
<br />Loan No: 775620 200213595 (Continued) r. Page 5
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<br />effectuate, complete, perfect, continue, or preserve 11) Trustor'e obligations under the Note, this Deed of Trust, and the Related
<br />Documents, and (2) the liens and security interests created by this Dead of Trust as first and prior liens on the Property, whether
<br />w owned or hereafter acquired by Truster. Unless prohibited by law or Lender agrees to the contrary in writing, Trustor shall
<br />reimburse Lender for all costs and expenses Incurred in connection with the matters referred to in this paragraph.
<br />Attorney in Fact. If Trustor fails to de any of the things referred to In the preceding paragraph, Lender may do so for and in the name
<br />of Truster and at Truster 'a expense. For such purposes, Truster hereby irrevocably appoints Lender as Trustor's attorney-in -fact for
<br />the purpose of making, executing, delivering, tiling, recording and doing all Other things as may be necessary or daureh[e, in Land,',
<br />sole ra nid ,to accomplish the matters referred to In the preceding paragraph.
<br />FULL PERFORMANCE. If Truster pays all the Indebtedness, including without limitation all future advances, when due, and otherwise
<br />performs all the obligations imposed upon Trustor under this Dead of Trust, Lender shall execute and deliver to Trustee a request for full
<br />veyance and chat[ execute and deliver to Trustor 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 Trustor, If
<br />permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender 'a option, shall constitute an Event of Default under this Dead of Trust:
<br />Payment Default. Trustor fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Trustor falls to comply with or to perform any other term, ch[igation, revenant or condition contained in this Dead of
<br />Trust or In any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained in any
<br />other agreement between Lender and Trustor.
<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. II such a failure is curable and if Trustor has not been given a notice of a breach of the same
<br />provision Of this Deed of Trust within the preceding twelve (12) months, it may be cured land no Event of Default will have pecurrial
<br />If Truster, after I ands, sands written notice demanding cure of such Failure: Is) cures the failure within fifteen (15) days; or to) if the
<br />cure requires more than fifteen (15) days, Immediately initiates steps sufficient to cure the failure and thereafter continues and
<br />completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
<br />Default on Other Payments. Failure of Trustor 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 effect discharge of any lien.
<br />False Statements. Any warranty, representation or statement made or furnished to Lender by Trustor or on Trustor's behalf under this
<br />Deed of Trust or the Related Documents is false or misleading In any material respect, either now or at the time made or furnished or
<br />becomes false or misleading at any time thereafter.
<br />Detective Coleteraliliatimm This Dead 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 lien) at any time and for any reason.
<br />Death or Insolvency. The death of Trustor, the insolvency of Trustor, the appointment of a receiver for any part of Trustnr's property,
<br />any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any
<br />bankruptcy or insolvency laws by or against Trustor.
<br />Creditor or Forfeiture Proceedings. Commencement of foreclosure Or forfeiture proceedings, whether by judicial proceeding, self -help,
<br />repossession or any other method, by any creditor of Truster or by any governmental agency against any property securing Ue
<br />Indebtedness. This includes a garnishment of any of Trustor', accounts, including deposit accounts, with Lender. However, this
<br />Event of Default shall not apply if there Is a good faith dispute by Trustor as to the validity or reasonableness of the claim which is the
<br />basis of the creditor or forfeiture proceeding and If Trustor gives Lender written notice of the creditor or forfeiture proceeding and
<br />deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its solo
<br />discretion, as being an adequate reserve or band for the dispute.
<br />Breach of Other Agreement. Any breach by Trustor under the terms of any other agreement between Truster and Lender that is not
<br />remedied within any grace period provided therein, including without limitation any agreement concerning any indebtedness or other
<br />Obligation of Trustor to Lender, whether existing now or later.
<br />Events Affecting Guarantor. Any of the preceding events occurs with upsRers to any guarantor, endorser, surety, or accommodation
<br />party of any of the Indebtedness or any guarantur, endorser, surety, or accommodation party dies or becomes incompetent, or
<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 lbw 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 Trustur's financial condition, or Lender believes the proposer of payment or
<br />performance of the Indehtedness is impaired.
<br />Insecurity. Lender in good faith believes scaulf insecure.
<br />Existing Indebtedness. The payment of any installment 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
<br />indebtedness and is nut cured during any applicable grace period in such instrument, or any suit or other action is commenced to
<br />foreclose any existing lien on the Property.
<br />Right to Cure. If such a failure is curable and if Trustor has not been given a notice of a breach of the same provision of this Decd Of
<br />Trust within the preceding twelve 112) months, it may be cured land no Event of Default will have occurred) if Trustor, after Lender
<br />sends written notice demanding cure of such failure: (a) cures the failure within fifteen 115) days; or IN if the cure requires more
<br />than fifteen (15) days, immediately initiates steps sufficient to cure the failure and thereafter continues and completes all reasonable
<br />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 Dead of Trust, at any time thereafter, Trustee or Lender
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