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- D��D �F TRUST 2 01 a 4 9� S�
<br />Loan No: 101237266 (Contlnued) Pag� 5
<br />Lender's security interest in the Rents and the Personal Property. Any reconveyance fee required by law shall be paid by Trustvr, 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 feils 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 Pocuments or to comply with or to perform any term, obligation, covenant vr condition contained in any
<br />other agreement between Lender and Trustar.
<br />Compliance Default. Failure to comply with any pther term, obligation, covenant or condition cpn#ained in this �eed of Trust, the Nate
<br />or in any of the Relatad Documents.
<br />Default on Other Payments. Failure of Trustor within the time required by this Deed of Trust to make any payment far taxes or
<br />insurance, or any other payment necessary to prevent filing of or to eftect discharge of any lien.
<br />False Statements. Any warranty, representation or statement made or furnished to Lender 6y Trustor or on Trustor's behalf under this
<br />Deed of Trust or the Related Documents is false or 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 />Defective Collateraiization. This Deed 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 tor any reason.
<br />Death or Insolvency. The death of Trustor, the insolvency of Trustor, the appointment of a receiver tor any part ot Trustor's property,
<br />any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any
<br />bankruptcy or insolvency laws by or against Trustor.
<br />Creditor or Forfsiturs Proceedings. Commencement nf fnreclosure pr forfeiture proceadings, whether by judicial proceeding, self-help,
<br />repossession 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 Trustor'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 or forfeiture proceeding and
<br />deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole
<br />discretion, as being an adequate reserve or 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 or other
<br />obligation of 7rustor to Lender, whether existing nvw or later.
<br />Events Affecting Guarantpr. Any of the preceding events occurs with respect to any guarantar, endorser, surety, or accommodation
<br />party of any of the Indebtedness or any guarantor, endorser, surety, or accommndation party dies or becomes incompetent, or
<br />revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness.
<br />Adverse Change. A material adverse change occurs in Trustor's financial condition, or Lender believes tha prospect 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 of the
<br />same provision of this �eed of 7rust within the preceding twelve (12) mqnths, it may be cured if Trustor, after Lender sends writTan
<br />notice to Trustor demanding cure of such default: (1) cures the default within fifteen (15) days; or (2► it the cure requirss mare 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 af Trust, at any time thereafter, Trustee ar Lender
<br />may exercise any one or more of the following rights and remedies:
<br />Accelaration Upan Dafault; 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 paya6le and the same shall thereupon 6ecome
<br />due and payable without any presentment, demand, protest or notice of any kind. Thereafter, Lender may:
<br />(a) Either in person or by agent, with or without bringing any action or proceeding, or 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 eny 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 Proper[y; increase the income from the
<br />Property or protect the security of the Prqparty; and, with or without taking possession of the Praperty, sue for or otherwise
<br />collect the rents, issues and profits of the Property, including those past due and unpaid, end apply the same, less costs and
<br />expenses of operation and collection attorneys' fees, to any inde6tedness secured by this �eed 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 waiue any default or notice of default under this Deed of Trust or
<br />invalidate any act done in response to such default or pursuan# to such nptice of default; and, notwithstanding tha
<br />continuance in possession of the Property or the collection, receipt and epplication of rents, issues or profits, Trustee or
<br />Lender shall be entitled to exercise every right provided for in the Note or the Related Documents or by law upon the
<br />accurrence of any event of default, including the right to exercise the power of sale;
<br />(b) Commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver or specifically enforce any of the
<br />cavenants hereaf; and
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