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<br />200900662 <br /> <br />of any building now or hereafter erected on the Premises or hereafter constructed, or construct <br />or permit construction of additions to existing buildings or additional buildings on the Premises <br />without the prior written consent of the Beneficiary, which consent shall not be unreasonably <br />withheld or delayed; (vi) shall not remove from the Premises any of the fixtures and personal <br />property included in the Trust Property unless the same is immediately replaced with property of <br />at least equal value and utility, and this Deed of Trust becomes a valid lien on such property; <br />and (vii) shall maintain the roofs of the Improvements in safe, sound and good repair and <br />condition. <br /> <br />7. Transfer or Encumbrances of the Trust Property. Trustor acknowledges that <br />Beneficiary has a valid interest in maintaining the value of the Trust Property so as to ensure <br />that, should Trustor default in the repayment of the Debt, Beneficiary can recoyer the Debt by a <br />sale of the Trust Property. In the event Trustor shall, without the prior written consent of <br />Beneficiary, further encumber the Trust Property with any lien imposed in connection with any <br />other financing (other than a refinancing of any existing lien comprising a Permitted <br />Encumbrance in an amount not to exceed the then current indebtedness of such lien), or sell, <br />transfer or convey the Trust Property or any part thereof or the right to manage or control the <br />operation of the Trust Property, or any part thereof, then in any such event, the entire Debt shall <br />become due, at the option of Beneficiary. <br /> <br />8. Notices. Any notice, demand, statement, request, or consent made hereunder <br />shall be in writing and shall be deemed given when hand delivered, or within three (3) days of <br />the date sent by certified mail, return receipt requested, or the next business day after the date <br />sent by nationally recognized overnight mail or courier service to the address, as set forth <br />above, of the party to whom such notice is to be given, or to such other address as Trustor, <br />Trustee or Beneficiary, as the case may be, shall in like manner designate in writing. <br /> <br />Trustor hereby requests that, unless otherwise prescribed by law, a copy of any <br />notice of default or notice of sale pursuant to the nonjudicial foreclosure of this Deed of Trust be <br />mailed to Trustor at the mailing address set forth in the preamble above. <br /> <br />9. Sale of Trust Property. If this Deed of Trust is foreclosed, the Trust Property, or <br />any interest therein, may at the discretion of Beneficiary be sold in one or more parcels or in <br />several interests or portions and in any order or manner as may be permitted by applicable law. <br /> <br />10. Riaht of Entry. Beneficiary and its agents shall have the right to enter and <br />inspect the Trust Property at all reasonable times for reasonable purposes upon notice to <br />Trustor. <br /> <br />11. Performance of Other Aoreements. Trustor shall observe and perform each and <br />every term to be observed or performed by Trustor pursuant to the terms of any agreement or <br />recorded instrument affecting or pertaining to the Trust Property. <br /> <br />12. Events of Default. Anyone or more of the following events beyond any <br />applicable cure periods shall be an event of default (hereinafter referred to as an "Event of <br />Default") hereunder: <br /> <br />(a) If any installment of principal and/or interest under the Note is not <br />paid within Ten (10) days after Trustor's receipt of written notice from Trustee <br /> <br />5 <br />