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<br />200809579
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<br />Further Assurances. AI any lime, and from time to lime, upon request of Lender, Grantor will make,
<br />execute and deliver, or will cause to be made, ex~uted or delivered, to Lender or to Lender's designee. Bnd
<br />when requested by Lender, cause to be filed, recorded, reliled, or rerecorded, as the case may be, at such
<br />times and in such offices and places as Lender may deem appropriate, any and all such mortgages, deeds of
<br />trust. security deeds, security agreements, financing statements, continuation statements, instruments of
<br />further assurance, certificates, and other documents as may, in the sole opinion of Lender, be necessary or
<br />desirable in order to effectuate, complete, perfect, continue, or preserve (I) Grantor's obligations under the
<br />Note, this Deed of Trust, and the Security Documents, and (2) the liens and security interests created by
<br />this Deed of Trust as first and prior liens on the Propeny, whether now owned or hereafter acquired by
<br />Grantor. Unless prohibited by law or Lender agrees to the contrary in writing, Grantor shall reimburse
<br />Lender for all costs and expenses incurred in connection with the matters referred to in this paragraph.
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<br />EVENTS OF DEFAULT. At Lender's option, there will be B default under this Deed of Trust and the Note if any
<br />of the following happen:
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<br />Payment Default. Grantor fails to make any payment when due under the Indebtedness, the Note, the Deed
<br />of Trust or the Security Documents.
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<br />Break Other Promises. Grantor breaks Bny promise made to lender or fails to perform promptly at the
<br />time and strictly In the manner provided In this Deed of Trust, the Note or the Security Documents.
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<br />Compliance Default. Failure to comply with any other term, obligation, covenant or condition contained
<br />in this Deed of Trust, the Note or the Security Documents. Ifsuch a failure is curable, it may be cured (an
<br />no Event of Default will have occurred) if Grantor, after Lender sends written notice demanding cure of
<br />such failure: (a) cures the failure within ten (10) days; or (b) if the cure requires more than ten (10) days.
<br />immediately initiates steps sufficient to cure the failure and thereafter continues and completes all
<br />reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
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<br />nefault on Otber Payments. Failure of Grantor within the time required by this Deed of Trust or the
<br />Security Documents to make an)' payment for taxes or insurance, or any other payment necessary to
<br />prevent filing of or to effect discharge of any lien.
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<br />Default in Favor of Third Parties. Should Grantor default under any loan, extension of credit. security
<br />agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person
<br />that may materially affect any of Grantor's propeny or Grantor's ability to repay the Indebtedness or
<br />perform their respective obligations under this Deed of Trust, the Note or the Security Documents.
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<br />False Statements. Any representation or statement made or furnished to Lender by Grantor under this
<br />Deed of Trust, the Note or the Security Document is false or misleading in any material respect. either now
<br />or at the time made or furnished.
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<br />Defective CollaCeralization. This Deed of Trust, the Note or the Security Documents cease to be in full
<br />force and effect (including failure of any collateral document to create a valid and perfected security
<br />interest or lien) at any lime and for any reason.
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<br />Death or Insolvency. The death of each Grantor, the insolvency of Grantor, the appointment of a receiver
<br />for any part of property of Grantor. any assignment for the benefit of creditors, any type of creditor
<br />workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against
<br />Grantor.
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<br />Taking of Che Property. Any creditor or governmental agency tries to take any of the Property or any
<br />other of Grantor's propeny in which Lender has a lien. This includes taking of, garnishing of or levying on
<br />Grantor's accounts with Lender. However, if Grantor disputes in good faith whether the claim on which the
<br />taking of the Property is based is valid or reasonable. and if Grantor gives lender written notice of the
<br />claim and furnishes lender with monies or a surety bond satisfactory to Lender to satisfy the claim, then
<br />this default provision will not apply.
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<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Deed of Trust, at any time
<br />thereafter, Trustee or Lender may exercise anyone or more of the following rights and remedies:
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<br />Election of Remedies. All of Lender's rights end remedies will be cumulative and may be exercised alone
<br />or together. An election by Lender to choose anyone remedy will not bar Lender from using any other
<br />remedy. If Lender decides to spend money or to perform any of Grantor's obligations under this Deed of
<br />Trust, after Grantor's failure to do so, that decision by lender will not affect Lender's right to declare
<br />Grantor in default and to exercise Lender's remedies.
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<br />AcceleraCe Indebtedness. Lender may declare the unpaid principal balance of the Indebtedness duc and
<br />payable. In no event will Grantor be required to pay any unearned interest.
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<br />Foreclosure. If Lender invokes the power of sale, Trustee, at the request of Lender, may sell all or any
<br />portion of the Propeny at public auction to the highest bidder for cash at the location designated by law, or
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