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<br />Loan No: 87124
<br />
<br />DEED OF TRUST
<br />(Continued)
<br />
<br />200607246
<br />
<br />Page 6
<br />
<br />Trustor's ability to repay the Indebtedness or perform their respective obligations under this Deed of Trust or any of the Related
<br />Documents.
<br />
<br />False Statements. Any warranty, representation or statement made or furnished to Lender by Trustor or on Trustor's behalf, or made
<br />by Guarantor, or any other guarantor, endorser, surety, or accommodation party, under this Deed of Trust or the Related Documents
<br />in connection with the obtaining of the Indebtedness evidenced by the Note or any security document directly or indirectly securing
<br />repayment of the Note is false or misleading in any material respect, either now or at the time made or furnished or becomes false or
<br />misleading at any time thereafter.
<br />
<br />Defective Collateralizatlon. 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 lien) at any time and for any reason.
<br />
<br />Death or Insolvency. The death of Trustor, the insolvency of Trustor, the appointment of a receiver for any part of Trustor'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 />
<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 Trustor or by any governmental agency against any property securing the
<br />Indebtedness. This includes a garnishment of any of Trustor's 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 sole
<br />discretion, as being an adequate reserve or bond for the dispute.
<br />
<br />Execution; Attachment. Any execution or attachment is levied against the Property, and such execution or attachment is not set
<br />aside, discharged or stayed within thirty (30) days after the same is levied.
<br />
<br />Change in Zoning or Public Restriction. Any change in any zoning ordinance or regulation or any other public restriction is enacted,
<br />adopted or implemented, that limits or defines the uses which may be made of the Property such that the present or intended use of
<br />the Property, as specified in the Related Documents, would be in violation of such zoning ordinance or regulation or public restriction,
<br />as changed.
<br />
<br />Default Under Other Lien Documents. A default occurs under any other mortgage, deed of trust or security agreement covering all or
<br />any portion of the Property.
<br />
<br />Judgment. Unless adequately covered by insurance in the opinion of Lender, the entry of a final judgment for the payment of money
<br />involving more than ten thousand dollars ($10,000.00) against Trustor and the failure by Trustor to discharge the same, or cause it to
<br />be discharged, or bonded off to Lender's satisfaction, within thirty (30) days from the date of the order, decree or process under
<br />which or pursuant to which such judgment was entered.
<br />
<br />Breach of Other Agreement. Any breach by Trustor under the terms of any other agreement between Trustor 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 />
<br />Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor, or any other guarantor, endorser,
<br />surety, or accommodation party of any of the Indebtedness or any Guarantor, or any other guarantor, endorser, surety, or
<br />accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the
<br />Indebtedness. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor's estate to
<br />assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event
<br />of Default.
<br />
<br />Adverse Change. A material adverse change occurs in Trustor's financial condition, or Lender believes the prospect of payment or
<br />performance of the Indebtedness is impaired.
<br />
<br />Insecurity. Lender in good faith believes itself insecure.
<br />
<br />Right to Cure. If any default, other than a default in payment is curable and if Trustor has not been given a notice of a breach of the
<br />same provision of this Deed of Trust within the preceding twelve (12) months, it may be cured if Trustor, after receiving written notice
<br />from Lender demanding cure of such default: (1) cures the default within twenty (20) days; or (2) if the cure requires more than
<br />twenty (20) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and
<br />thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably
<br />practical.
<br />
<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 anyone or more of the following rights and remedies:
<br />
<br />Acceleration Upon Default; Additional Remedies. If any Event of Default occurs as per the terms of the Note secured hereby,
<br />Lender may declare all Indebtedness secured by this Deed of Trust to 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 />
<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, or any part thereof, in its
<br />own name or in the name of Trustee, and do any acts which it deems necessary or desirable to preserve the value,
<br />marketability or rentability 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 />collect the rents, issues and profits of the Property, including those past due and unpaid, and apply the same, less costs and
<br />expenses of operation 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 collection of such rents, issues and
<br />profits, and the application thereof shall not cure or waive any default or notice of default under this Deed of Trust or
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