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2010(~249~ compromise or settlement of any other prior lien, may do so without inquiry as to the validity or amount of any claim for lien which may be asserted. 14. Event of Default; Acceleration. Each of the following shall constitute an "Event of Default" for purposes of this Deed of Trust: (a) The Borrowers fail to pay on the date when due (i) any installment of principal or interest payable pursuant to the Note, or (ii) any other amount payable pursuant to the Note, the 2009 Loan Agreement, this Security Instrument or any of the other Loan Documents; (b) Pedcor 2003 fails to pay on the date when due (i) any installment of principal or interest payable pursuant to the 2003 Loan, or (ii) any other amount payable pursuant to the Loan Documents related to the 2003 Loan; (c) Pedcor 2007 fails to pay on the date when due (i) any installment of principal or interest payable pursuant to the 2007 Loan, or (ii) any other amount payable pursuant to the Loan Documents related to the 2007 Loan; (d) The Grantor or Borrowers fail to promptly perform or cause to be performed any other obligation or observe any other condition, covenant, term, agreement or provision required to be performed or observed by the Grantor or the Borrowers respectively or there exists a breach or default by Grantor or the Borrowers under the Nate, the 2007 Note, the Loan Agreements, this Deed of Trust, or any of the other Loan Documents; provided, however, that if such failure by its nature can be cured, then so long as the continued operation and safety of the Premises, and the priority, validity and enforceability of the lien created by the Deed of Trust or any of the other Loan Documents and the value of the Premises is not impaired, threatened or jeopardized, then the Grantor or the Borrowers, as the case may be, shall have a period ("Cure Period") of thirty (30) days after written notice from Beneficiary of such failure to cure or cause the cure of the same and an Event of Default shall not be deemed to exist during the Cure Period, provided further that if the Grantor or Borrowers commence to cure such failure during the Cure Period and are diligently and in good faith attempting to effect such cure, the Cure Period shall be extended for thirty (30) additional days, but in no event shall the Cure Period be longer than sixty (60) days in the aggregate; (e) the existence of any inaccuracy or untruth in any material respect in any representation or warranty contained in the Note, the Loan Agreements, this Deed of Trust or any of the other Loan Documents or of any statement or certification as to facts delivered to Deed of Truste by the Barrowers, Pedcor 2003, or Fedcor 2007; (fl any of the Grantor, the Borrowers, Pedcor 2003, or Pedcor 2007 files a voluntary petition in bankruptcy or is adjudicated a bankrupt or insolvent ar files any petition or answer seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under the present or any future federal, state, or other statute or law, or seeks or consents to or acquiesces in the appointment of any trustee, receiver or similar officer of such entity or of all or any 11