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<br />DEAD OF TRUST X 0 0 9 0 5 5 5 9
<br />Loan No: 101222722 (Cvlntllnu~d) Page 5
<br />reconveyance and shall execute and deliver to Trustor suitable statements of termination of any financing statement on file evidencing
<br />Lender's security interest in the Rents .and the Personal Property. Any reconveyance fee required by law shall be paid by Trustor,. if
<br />permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute an Event of Default under this Deed of Trust:
<br />Payment Default. Trustor fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Trustor fails to comply with or to perform any other term, obligation, covenant or condition contained in this Deed of
<br />Trust or in any of the Related Documents or to enmply with or to perform any term, obligation, covenant or condition contained in any
<br />other agreement between Lender and Trustor.
<br />Compliance Default. Failure to comply with any other term, obligation, povenant or condition contained in this Deed of Trust, the Note
<br />pr in any of the Related Documents.
<br />Default on Other Payments. Failure of Trustor within the time required by this Deed of Trust to make any payment for taxes or
<br />insurance, or any other payment necessary to prevent filing of or to effect discharge of any lien.
<br />False Statements. Any warranty, representation or statement made or furnished to Lender by Trustor or on Trustor's behalf under this
<br />Deed of Trust or the Related Documents is false pr misleading in any material respect, either now or at the time made or furnished or
<br />becomes false or misleading at any time thereafter.
<br />D®fective Callateralization. This Dead 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 />Death or Insoly®ncy. The death of Trustor, the insolvency of Trustor, the appointment of a receiver for any part of Trustor's prpperty,
<br />any assignment for the benefit of preditors, any type of creditor workout, or the commencement of any proceeding under any
<br />bankruptcy or insolvency laws by or against Trustor.
<br />Creditor pr Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help,
<br />repossessipn 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 7rustor'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 br forfeiture. proceeding. and .
<br />deposits with Lender monies or a surety bond far the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole
<br />discretion, as being an adequate reserve pr bond for the dispute.
<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: pr other.
<br />obligation of Trustor to Lender, whether existing now ar later,
<br />Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser,. surety; or accommodation
<br />party of any of the Indebtedness or any guarantor, endorser, surety, or accommodation party dies pr, becomes incompetent, or
<br />revokes or disputes the validity nf, or -iability under, any Guaranty of the Indebtedness.
<br />Adverse Change. A material adverse .change occurs in Trustor's financial conditie•n, or Lender be.lievas the:prpspect of payment or. .
<br />performance of the Indebtedness is impaired.
<br />Insecurity. Lender in good faith believes itself insecure
<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 at the
<br />same provision of this Deed of Trust within the preceding twelve (12) months, it may be cured if,Trustar; 'after receiving written notice-..
<br />from Lender demanding cure pf such default: 11) cures the default within fifteen (15) days; or (2) ifahe cure. requires: more than
<br />fifteen (15) 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 />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 any one or more of the following rights and remedies:
<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 became
<br />due and payable witheut any presentment, demand, protest or notice of any kind. Thereafter, Lender may:
<br />lal Either in person or by agent, with or without bringing any action or proceeding, pr 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 />enllect 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 pr notice of default under this Deed of Trust nr
<br />invalidate any act done in response to such default or pursuant to such notice of default; and, notwithstanding the
<br />continuance in possession of the Property or the collection, receipt and application pf rents, issues or profits, Trustee or
<br />Lender shall 6e entitled to exercise every right provided for in the Note or the Related Documents or by law upon the
<br />occurrence of any event pf default, including the right to exercise the power of sale;
<br />Ibl Commence an action to foreclose this Peed of Trust as a mortgage, appoint a receiver or specifically enforce any of the
<br />covenants hereof: and
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