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200313159 arising hereunder or arising otherwise shall impair any such right, power or remedy or the right of Beneficiary to resort thereto at a later date or be construed to be a waiver of any Event of Default under this Deed of Trust or the Note. SECTION 7.6 Subsequent Agreements. Any agreement hereafter made by Trustor and Beneficiary pursuant to this Deed of Trust shall be superior to the rights of the holder of any intervening lien or encumbrance. SECTION 7.7 Waiver of Appraisement, Homestead, Marshaling. Trustor hereby waives to the full extent lawfully allowed the benefit of any homestead, appraisement, evaluation, stay and extension laws now or hereinafter in force. Trustor hereby waives any rights available with respect to marshaling of assets so as to require the separate sales of any portion of the Premises, or as to require Beneficiary to exhaust its remedies against a specific portion of the Premises before proceeding against the other and does hereby expressly consent to and authorize the sale of the Premises or any part thereof as a single unit or parcel. Trustor also hereby waives any and all rights of reinstatement and redemption from sale under any order or decree of Foreclosure pursuant to rights herein granted, on behalf of Trustor, and _ each and every person acquiring any interest in, or title to the Premises described herein subsequent to the date of this Deed of Trust, and on behalf of all other persons to the extent permitted by applicable law. ' SECTION 7.8 Business Loan Representation. Trustor represents and warrants to Beneficiary that the Indebtedness evidenced by the Note is a business loan transacted solely for the purpose of carrying on the business of Trustor and not a consumer transaction and that the Premises does not constitute the homestead of Trustor. SECTION 7.9 Dishonored Checks. In the event Trustor shall send to Beneficiary two (2) or more checks in any twelve (12) month period which are not honored by the bank, for any reason, Beneficiary shall have the right to require that all future payments be made by certified check, or other good funds, at Beneficiary's option. ARTICLE 8. EVENTS OF DEFAULT AND REMEDIES SECTION 8.1 Events Of Default. The occurrence of any of the following shall be deemed an event of default under this Deed of Trust (hereinafter referred to as an "Event of Default "): (a) Trustor shall fail to deposit the Charges with Beneficiary or to pay when due any other Indebtedness; or 15311/53;09/30/03 -20-