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200709869 the Beneficiary, or any modification thereof, and all costs and expenses of any searches required by the Beneficiary. The Beneficiary may exercise any or all of the remedies of a secured party available to it under the DCC with respect to such property, and it is expressly agreed that if upon an Event of Default the Beneficiary should proceed to dispose of such property in accordance with the provisions of the DCC, 10 days' notice by the Beneficiary to the Grantor shall be deemed to be reasonable notice under any provision of the DCC requiring such notice; provided, however, that the Beneficiary may at its option dispose of such property in accordance with the Beneficiary's rights and remedies with respect to the real property pursuant to the provisions hereof, in lieu of proceeding under the UCC. The Grantor shall give advance notice in writing to the Beneficiary of any proposed change in the Grantor's name, identity, state of organization or business form or structure and will execute and deliver to the Beneficiary, prior to or concurrently with the occurrence of any such change, all additional financing statements that the Beneficiary may reasonably require to establish and maintain the validity and priority of the Beneficiary's security interest with respect to any of the Encumbered Property described or referred to herein. Some of the items of the Encumbered Property described herein are goods that are or are to become fixtures related to the Real Property, and it is intended that as to those goods, this Deed of Trust shall be effective as a financing statement filed as a fixture filing from the date of its tiling for record in the real estate records of the county in which the Encumbered Property is situated. Information concerning the security interest created by this instrument may be obtained from the Beneficiary, as secured party, at the address of the Beneficiary stated in preamble to this Deed of Trust. The mailing address of the Grantor, as debtor, is as stated in the section below concerning Notices. Section 3.02. Warranties; Representations and Covenants of the Grantor. All warranties, representations, covenants and obligations of the Grantor in this Deed of Trust relating to the Encumbered Property shall be deemed to apply to the Personal Property whether or not it is expressly referenced. ARTICLE IV EVENTS OF DEFAULT AND REMEDIES UPON DEFAULT Section 4.01. Events of Default. The following shall constitute an Event of Default under this Deed of Trust: (a) The occurrence of any "Event of Default" under the Financing Documents as defined therein (taking into account notice and cure period provisions, if applicable); and (b) Any breach of or failure to pay, perform or observe any Secured Obligation (including, without limitation, those set forth in this Deed of Trust), which would not otherwise constitute an Event of Default under subparagraph (a) above, and continuance of such breach or failure for a period of 60 days after there has been given to the Partnership by the County or the Beneficiary, or, (with respect to a failure by the County), to the County by the Beneficiary or the Partnership or, (with respect to a failure by either the Partnership or the County), to the County, the Partnership and the Beneficiary by the owners of at least 10% in principal amount of the Bonds Outstanding, a written notice specifying such failure or breach or requiring it to be remedied, provided that, if such failure or breach cannot be fully remedied within such 60-day period, but can reasonably be expected to be fully remedied, such failure or breach shall not constitute an Event of Default if the Partnership or the County, as applicable, shall immediately upon receipt of such notice commence the curing of such failure or breach and shaH thereafter prosecute and complete the same with due diligence and dispatch. Any and all grace, cure and notice periods set -10-