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<br /> ' 98-�.t��38� _ . :,``�� -
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<br /> . rcimburse Beneficiary for all costs and expenses incuned in connection with the matters ';� ;_,.,,
<br /> � referred to in this puragraph. ' �''��'y '.���;_�_
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<br /> 'r" FULL PERFORMANCE. If Grantor pays all the Indebtedness when due,and otherwise performs � ����'�.—=-_=�'�
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<br /> all the obligations imposed upon Grantor under this Deed of Trust, the Real Property shall be ,�.�___;-.�-�_ ___
<br /> � released and reconveyed to and at the cost of Grantor,and Beneficiary shall execute and deliver to ± s :-_ ___�__
<br /> � Grantor a suitable statement of termination of any financing statement on file evidencing _
<br /> . Beneficiary's security interest in the Rents and the Personal Property. Grantor shall pay,if pertnitted ;,�J:.___
<br /> ' by applicable law,any reasonable termination fee as determined by Beneficiary from time to time. .--
<br /> • • a:--
<br /> 3 DEFAULT. Each of the following,at the option of Beneficiary,shall constitute an event of default —`-�r;'-�_
<br /> � ("Event of Default")under this Deed of'1'rust: � +�.-
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<br /> Default on Indebtedness. Failure of Grantor to make any payment when due on the ��`�_
<br /> "� Indebtedness. �'±^�
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<br /> �. Default on Other Puyments. Failure of Grantor within the time reyuired by this Deed of .;�����—
<br /> Trust to make any payment for taxes or insurance,or any other payment necessary to prevent u
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<br /> � filing of or to effect dischar�e of any lien. -- --
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<br /> ^ . - CompIiance i�eiauli. I'ailure to comply �eith an, oLher ierm, ohligation,covenant or _ -
<br /> • condition contained in this Ueed of Trust,the Note or in any of the Related Documents. If --
<br /> such a failure is curable und if Grantor has not been given a notice of a breach of the same ___
<br /> provision of this Qeed of'Crust within the precedins twelve(12)months,it may be cured -
<br /> (and no Event �f Dc:fault will have occurred) if Grantor, aRer Beneficiary sends written
<br /> notice demandingcure of such failure,(i)cures the fuilure within fifteen (15)days,or(ii)if
<br /> the cure requires more thun fiftecn(I S)days,irnmc:diatcly initiates steps sufficient to cure �:
<br /> the failure und thereufter continues and compietes all reasunable und necessary steps _�
<br /> sufficient to produce compliance as soon as reasonably practical. _
<br /> Breaehes. Any wurranty,representation or statement made or furnished to Beneficiary by -
<br /> or on behalf of Grantor under this Deed of Trust,the Note or the Related Documents is,or =
<br /> at the time made or fumished was,false in any material respect. _
<br /> Insolvency. The insolvency of Grantor,appointment of a receiver for any part of Grantor's �=- _
<br /> property,any assignment for the benefit of creditors,the commencement of any proceeding �-
<br /> under any bankruptcy or insolvency laws by or against Grantor, or the dissolution or _ _
<br /> termination of Grantor§existence as a going business(if Grantor is A business). Except to �- - --
<br /> .� the extent prohibited by federal law or state law, the death of Grantor(if Grantor is an _
<br /> individual)also shall constitute an Event of Default under this Deed vf Trust. .'Y. ---------,;_�
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<br /> Foreclosure,etc. Commencementofforeclosure,whetherby judicialproceeding,self-help, �_��_;�. �:•t?:�
<br /> repossession or any other method,by any creditor of Grantor against any ofthe Property. � ��•� '
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