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Loan No: 101246005
<br />the preceding paragraph.
<br />DEED OF TRUST 2 011. 0 8113
<br />(Continued)
<br />Page 6
<br />FULL PERFORMANCE. If Borrower and Trustor pay ell the Indebtedness when due, and Trustor otherwise performs all
<br />tha obligations imposed upon Trustor under this Deed of Trust, Lender shali execute and deliver to Trustee a request for
<br />full reconveyance and shall execute and deliver to Trustor suitable statements of termination of any financing statement
<br />on file evidencing Lender's security interest in the Rents and the Personal Property. 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 of 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 compiy 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 any other agreement between Lender and Borrower or Trustor.
<br />Compliance Default. Failure to comply with any other term, obligation, covenant or condition contained in this
<br />Deed of Trust, the Note or in any of the Related Documents.
<br />Default on Other Payments. Failure 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 warranty, representation or statement mede or furnished to Lender by Borrower or Trustor
<br />or on Borrower's or Trustor's behalf under this Deed of Trust or the Related Documents is felse or misleading in
<br />any material respect, either now or at the time mede or furnished or becomes false or misleading at any time
<br />thereafter.
<br />Defective Collateralization. This Deed of Trust or any of the Related Documents ceases to be in full force and
<br />effect (including failure of any collaterel document to create a valid and perfected security interest or lien) at any
<br />time and for any reason.
<br />Death or Insolvency. The death of Borrower or Trustor, the insolvency of Borrower or Trustor, the appointment of
<br />a receiver for eny part of Borrower's or Trustor's property, any assignment for the benefit of creditors, 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 foreclosure or forFeiture proceedings, whether by judicial
<br />proceeding, self-help, repossession or any other method, by any creditor of Borrower or Trustor or by any
<br />governmental agency against eny property securing the Indebtedness. This includes a gernishment of any of
<br />Borrower's or Trustor's accounts, including deposit accounts, with Lender. However, this Event of Defeult shall
<br />not apply if there is a good faith dispute by Borrower or Trustor as to the validity or reasonebleness of the claim
<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 emount determined by Lender, in its sole discretion, as being en adequate reserve or bond for the
<br />dispute.
<br />Breach of Other Agreement. Any breach by Borrower or Trustor under the terms of any other agreement between
<br />Borrower or Trustor and Lender that is not remedied within eny 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 />Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety,
<br />or accommodation party 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 Gueranty of the
<br />Indebtedness.
<br />Adverse Change. A material adverse change occurs in Borrower's or Trustor's financfal 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 instellment 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 defeult occurs under
<br />the instrument securing such indebtedness and is not cured during any appliceble grace period in such instrument,
<br />or any suit or other action is commenced to foreclose any existing lien on the Property.
<br />Right to Cure. If eny default, other than a default in peyment is curable end if Trustor has not been given e notice
<br />of a breach of the same provision of this Deed of Trust within the preceding twelve (12) months, it may be cured if
<br />Trustor, after Lender sends written notice to Borrower demanding cure of such default: (1) cures the default
<br />within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps which
<br />Lender deems in Lender's sole discretion to be sufficient to cure the default end thereafter continues and
<br />completes all reasonable and necessary steps sufficient to produce compliance as soon es reasonably practical.
<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Dead of Trust, at any time thereafter,
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