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DEED OF TRUST 2 011 Q 0 3 5 2
<br />Loan No: 101237452 (Continued) Page 5
<br />sole opinion, to accomplish the matters referred to in the preceding paragraph.
<br />FULL PERFORMANCE. If Trustor pays all the indebtedness when due, and atherwise perfprms all the obligations imposed upon Trustor
<br />under this Deed of Trust, Lender shall execute and deliver to Trustee a request for full reconveyance and shall execute and deliver to
<br />Trustor suitable statements of termination ot any financing statement an file evidencing Lender's security interest in the Rents and the
<br />Personal Property. Any reconveyance fee required by law shall 6e paid by Trustor, if permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, at l.endar's option, shall constitute an �vent 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 fai►s to comply with or to perform any other term, abligation, covenant or condition contained in this Deed of
<br />Trust or in any of the Ralated Documents or to comply with or to perform any term, obligatian, cavenant or condition contained in any
<br />other agreement between Lender and 7rustor.
<br />Compliance Default. �ailure to comply with any other term, obligation, covenant or condition contained in this Deed of Trust, the Note
<br />or in any of the Related Documents.
<br />Dafault on Other Payments. Failurs pf Trustor within the time required by this Deed of Trust to make any payment for taxes ar
<br />insurance, or any pther payment necessary to prevent filing ot pr to effect discharge ot any lian.
<br />False Statemants. Any warranty, representation or statement made or furnished to Lender by Trustor or on Trustor's behalf under this
<br />Dsed of Trust or the Related Documants 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 Collateralization. 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 for any reason.
<br />Daath or Insolvency. The death of Trustor, the insolvency of Trustar, the appointment of a reaeivar for any part of 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 Forfeiture Procaedings. Commencement of foreclpsure pr forfeiture proceedings, whether by judicial procaeding, 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. Thia includes a garnishment of any of Trustor's accounts, including deposit accounts, with Lender. Hawever, this
<br />Event of Default shall not apply if there is a gpod faith dispute by Trustor as to the validity or reasonableness pf 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 creditpr or torfeiture proceeding, in an amount determined by Lender, in its sole
<br />discretion, as being an adequate reserve or bond far the dispute.
<br />Breach of Other Agreement. Any breach by 7rustor 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 Trustor to Lender, whether existing now or later.
<br />Events Affecting Guerantor. Any of the preceding events occurs with respset 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 incampetent, or
<br />revokes or disputes the validity of, ar liebility under, any Guaranty of the Indebtedness.
<br />Adverse Change. A material adverse change occurs in Trustpr's financial condition, or Lender believes the prpspect of payment or
<br />performance of the Indebtedness is impaired.
<br />Insecurity. l.ender in good faith believes itself insecure.
<br />Existing Indebtedness. The payment of any installment of principal or any interest an the Existing tndebtedness is npt made within the
<br />time required by the promissory note evidencing such indebtedness, or a default occurs under the instrument securing such
<br />indebtedness and is not cured during any applicable grace period in such instrument, or any suit or other actian is commenced to
<br />foreclose any existing lisn on the Property.
<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 prpvision of this Deed of Trust within the preceding twelve (12) months, it may be cured if Trustpr, after Lender sends written
<br />notice to Trustor demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than
<br />fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient ta cure the default and
<br />theraafter cpntinues and completes all reasonable and necessary steps sufficient to produce compliance as soon as raasonably
<br />practical.
<br />RI(3HTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Deed of Trust, at any time thereafter, Trustae or Lender
<br />may exercise any ona or mare pf the following rights and remedies:
<br />Accelera#ion Upan Default; Additional Remedies. If any Event of Dafault 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 become
<br />due and payable without any presentment, demand, pratest or notice of sny kind. 7hereafter, Lender may:
<br />(a1 Either in person or by agent, with or without bringing any action or proceeding, or by a receiver appointed by e court and
<br />without regard to the adequacy of its security, enter upon and take possassian of the Property, or any part thereof, in its
<br />own name or in the name of Trustes, 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 Praperty or interest in the Prppsrty; increase the income frpm the
<br />Property or protect the security of the Property; and, with or without taking possession of the Property, sue for or otherwise
<br />collect the rents, issues and profits of ths Property, including those past dus 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 swch order as
<br />Lender may determine. The entering upon and taking passession of the Property, the collection of such rents, issues and
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