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':, �'� DEED OF TRUST �, 0110 6 2 9 G
<br />Loan No: 101244292 (COtitlnued) Page 6
<br />with the matters referred to in this paragraph.
<br />Attorney-in-Fact. If Trustor fails to do any of the things referred to in the preceding paragraph, Lender may do so
<br />for and in the name of Trustor and et Trustor's expense. For such purposes, Trustor hereby irrevocably appoints
<br />Lender as Trustor's ettorney-in-fact for the purpose of making, executing, delivering, filing, recording, and doing all
<br />other things as may be necessary or desireble, in Lender's sole opinion, to accomplish the matters referred to in
<br />the preceding paragraph.
<br />FULL PERFORMANCE. If Borrower and Trustor pey all the Indebtedness when due, and Trustor otherwise performs all
<br />the obligations imposed upon Trustor under this Deed of Trust, Lender shall execute and deliver to Trustee a request for
<br />full reconveyance end shall execute and deliver to Trustor suitable stetements of termination of any financing statement
<br />on file evidencing Lender's security interest in the Rents and the Personal Properry. Any reconveyance fee required by
<br />law shall be paid by Trustor, if permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute an Event af Default under this Deed
<br />of Trust:
<br />Payment Default. Borrower fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Borrower or Trustor fails to comply with or to perform any other term, obligation, covenant or
<br />condition contained in this Deed of Trust or in any of the Related Documents or to comply with or to perform any
<br />term, obligation, covenant or condition contained in eny other agreement between Lender and Borrower or Trustor.
<br />Compliance Default. Failure to comply with eny other term, obligation, covenant or condition contained in this
<br />Deed of Trust, the Note or in any of the Related Documents.
<br />Defauk on Other Payments. Fatlure of Trustor within the time required by this Deed of Trust to make any payment
<br />for taxes or insurance, or any other payment necessary to prevent filing of or to effect discharge of any lien.
<br />False Statements. Any werranty, representation or statement made or furnished to Lender by Borrower or Trustor
<br />or on 6orrower's or Trustor's behalf under this Deed of Trust or the Related Documents is false or misleading in
<br />any material respect, either now or et the time made or furnished or becomes false or misleading at any time
<br />thereafter.
<br />befective Collateralization. This Deed of Trust or any of the Releted Documents ceases to be in full force and
<br />effect (including failure of any colleteral document to create a valid and perfected security interest or Iien) at any
<br />time and for eny reason.
<br />Death or Insolvency. The dissolution of Trustor's (regardless of whether election to continue ls made), eny
<br />member withdraws from the limited liability company, or any other termination of Borrower's or Trustor's existence
<br />as e going business or the death of any member, the insolvency of Borrower or Trustor, the appointment of e
<br />receiver for any part of Borrower's or Trustor's properry, any assignment for the benefit of creditora, any type of
<br />creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against
<br />Borrower or Trustor.
<br />Creditor or Forfeiture Proceedings. Commencement of forectosure or forfeiture proceedings, whether by judiciel
<br />proceeding, self-help, repossession or any other method, by any creditor of Borrower or Trustor or by any
<br />governmental agency against any property securing the Indebtedness. This includes a garnishment of any of
<br />Borrower's or Trustor's accounts, including deposit accounts, with Lender. However, this Event of Default shall
<br />not apply if there is a good faith dispute by Borrower or Trustor es to the validity or reasonebleness of the cleim
<br />which is the basis of the creditor or forfeiture proceeding and if Borrower or Trustor gives Lender written notice of
<br />the creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture
<br />proceeding, in an amount determined by Lender, in its sole discretion, as being an adequate reserve or bond for the
<br />dispute.
<br />Breach of Other Agreement. Any breach by Borrower or Trustor uhder the terms of any other agreement between
<br />Borrower or Trustor and Lender that is not remedied within any grace period provided therein, including without
<br />limitation any agreement concerning any indebtedness or other obligation of Borrower or Trustor to Lender,
<br />whether existing now or later.
<br />Even�a Affecting GuaraMor. Any of the preceding events occurs with respect to any guarantor, endorser, surety,
<br />or accommodation parry of any of the Indebtedness or any guarantor, endorser, surety, or accommodation party
<br />dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the
<br />Indebtedness.
<br />Adverse Change. A material adverse chsnge occurs in Borrower's or Trustor's tinancial condition, or Lender
<br />believes the prospect of payment or performance of the Indebtedness is impaired.
<br />Insecurity. Lender in good faith believes itself insecure.
<br />Existing Indebtedness. The payment of any installment of principal or any interest on the Existing Indebtedness is
<br />not made within the time required by the promissory note evidencing such indebtedness, or a default occurs under
<br />the instrument securing such indebtedness and is not cured during any applicable grace period in such instrument,
<br />or any suit or other action is commenced to foreclose any existing lien on the Property.
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