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DEED OF TRUST 200213763
<br />Loan No: 775915 ,.: ., (Continued) Page 5
<br />Other Defaults. Truster fails to comply with or to perform any other term, obligation, covenant or condition contained In this Dead of
<br />Trust or in any of the Related Documents or to comply widr or to perform any term, obligation, covenant or condition contained in any
<br />other agreement between Lender and Truster.
<br />Compliance Default Failure to comply with any other term, obligation, covenant or condition contained in this Deed of Treat, the Note
<br />or in any of the Related Documents. If such a failure is curable and if Truster has net been given a notice of a breach of the same
<br />provision of this Deed of Trust within the preceding twelve 112) months, it may be cured fond no Event of Default will have ocom od)
<br />if Truster, after Lender sends written notice demanding cure of such failure: (a) cures the failure within fifteen 0 51 days; or @f it the
<br />cure requires more than fifteen (15) days, immedlataly initiates steps sufficient to cure the failure and thereafter continues and
<br />completes all reasonable and necessary steps sufficient to produce compliance as such as reasonably practical.
<br />Default on Other Payments. Failure of Treanor 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 Truster or on Truster's behalf under this
<br />Dead of Trust or the Related Documents is false or misleading In any material respect, either new or at the time made or furnished or
<br />becomes false or misleading at any time thereafter.
<br />Defective Cullateralbotion. This Deed of Trust or any of the Related Documents ..arts to he 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 mason
<br />Death or Insolvency. The death of Truster, the insolvency of Ticker, the appointment of a receiver for any part of Truster, 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 the
<br />Indebtedness. This includes a garnishment of any of Truster's accounts, including deposit accounts, with Lender. However, this
<br />Event of Default shall not apply If there is a good faith dispute by Truster as to the validity or reasonableness of the claim which is the
<br />basis of the creditor or forfeiture proceeding and If Truster 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 sole
<br />discretion, as being an adequate reserve or bond 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 Truster to I endar, 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, endurser, surety, or accommodation party dies or becomes Incompetent, 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 Lender, and, In doing so, cure any Event of Default.
<br />Adverse Change. A material adverse change occurs in Truster 'a financial condition, or Lender believes the prospect of payment or
<br />performance of the Indebtedness is impaired.
<br />Insecurity. Lender to good fund, believes Itself insecure.
<br />Right to Cure. If such a failure is curable and if Truster has not been given a notice of a breach of the same provision of this Deed of
<br />Trust within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Truster, after Lender
<br />sends written ounce demanding cure of such failure: (a) cures the failure within fifteen (15) days; or Ho 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 pracdicul.
<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 Defeat; Additional Remedies. It any Event of Default occurs as per the terms of rho Note secured hereby,
<br />Lender may declare all Indebtedness secured by this Deed of Trust to be due and payable and the same shall the eupun become
<br />due and payable without any paramount, demand, protest or notice of any kind. Thereafter, Lender may:
<br />(a) Either to person or by agent, with or without bringing any action or proceeding, or by a receiver appointed by a rourt and
<br />without regard to the adequacy of its security, enter upon and take ppssession of the Property, or any part thereof, in its
<br />n name or in the name of Trustee, and do any acts which it deems necessary or desirable to preserve the value,
<br />arketnbility or entability of the Property, or part of the Property or 'interest in the Property; Increase the income from the
<br />Property or protect the security of the Property: and, with or without taking possession of the Property, sue for or otherwise
<br />reflect the rants, Issues and profits of the Property, including those past due and unpaid and apply the same, less costs and
<br />expenses of Coverlet and collection attorneys' fees, to any indebtedness secured by this Deed of Trust, all in such order as
<br />Lender may determine. The entering upon and taking possession of the Property, the collaoinn of such rents, issues nd
<br />profits, and the application thereof shall not c Waive any default or notice of default under this Deed of Trust or
<br />invalidate any act done in response to such default or pursuant to such notice of default; and, notwithstanding the
<br />continuance in possession of the Property or the collection, r ceipt and application of rents, Issues or profits, Trustee or
<br />Lender shall be entitled toe every right provided for n the Nate or the Related Documents or by law upon the
<br />occurrence of any event of default including the right to exercise the power of sale:
<br />(b) Commence a action to febadese this Dead of Trust as a mortgage, appoint a receiver or specifically enforce any of the
<br />covenants hereoq and
<br />(of Deliver to Trustee a written declaration of default and demand for sale and a written notice Uf default and elediun to
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