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Loan No: 101247016 �� D E Con nued) � 01 � v O/ r G Pege 6
<br />termination of any financing statement on file evidencing Lender's security interest in the Rents and the Personal
<br />Property. Any reconveyance fee required by law shall ba peid by Trustor, if permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute en Event of Default under this Deed
<br />of Trust:
<br />Payment Default. Trustor fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Trustor fails to comply with or to perform any other term, obligation, covenant or condition
<br />contained in this Deed of Trust or in any of the Related Documents or to comply with or to perform any term,
<br />obligation, covenant or condition contained in any other agreement between Lender and 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 withfn the time required by this Deed of Trust to make any payment
<br />for taxes or insurence, or any other payment necessary to prevent filing of or to effect discherge of any lien.
<br />False Statements. Any warranty, representation or statement mede or furnished to Lender by Trustor or on
<br />Trustor's behalf under this Deed of Trust or the Related Documents is false or misleading in eny material respect,
<br />efther now or at the time made or furnished or becomes false or misleading at any time thereafter.
<br />Defective Collaterelization. This Deed of Trust or any of the Related Documents ceases to be in full force end
<br />effect (inciuding failure of any collaterel document to create e valid and perfected security fnterest or lien) at eny
<br />time and for any reason.
<br />Death or Insolvency. The death of Trustor, the insolvency of Trustor, the appointment of a receiver for eny part of
<br />Trustor's property, any assignment for the benefit of creditors, any type of creditor workout, or the
<br />commencement of any proceeding under any bankruptcy or insolvency laws by or against Trustor.
<br />Creditor or Forfetture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial
<br />proceeding, self-help, repossession or any other method, by any creditor of Trustor or by any governmental agency
<br />against any property securing the Indebtedness. This includes e garnishment of any of Trustor's eccounts,
<br />including deposit accounts, with Lender. However, this Event of Default shall not apply if there is a good faith
<br />dispute by Tr�stor as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture
<br />proceeding and if Trustor gives Lender written notice of the creditor or forfeiture proceeding end deposits with
<br />Lender monies or a surety bond for the creditor or forfeiture proceeding, in en emount determined by Lender, in its
<br />sole discretion, as being an edequate reserve or bond for the dispute.
<br />Breach of Other Agreemer�t. Any breach by Trustor under the terms of any other agreement between Trustor and
<br />Lender thet is not remedied within any grace period provided therein, including without Iimitation any agreement
<br />concerning any indebtedness or other obligation of Trustor to Lender, whether existing now or later.
<br />Events AffecUng 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 eccommodetion 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 edverse change occurs in Trustor's financial condition, or Lender believes the
<br />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 appliceble grace period in such instrument,
<br />or any suit or other action is commenced to foreclose eny existing lien on the Property.
<br />Right to Cure. If any default, other than a default in payment is cureble end if Trustor has not been given a 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 Trustor demanding cure of such defeult: (1) cures the default within
<br />fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initietes steps which Lender
<br />deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all
<br />reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Deed of Trust, at any time thereafter,
<br />Trustee or Lender mey exercise any one or more of the following rights end remedies:
<br />Acceleration Upon Default; Additional Remedies. If any Event of Default occurs es per the terms of the Note
<br />secured hereby, Lender may declere all Indebtedness secured by this Deed of Trust to be due and payable and
<br />the same shall thereupon become due and payable without any presentment, demand, protest or notice of any
<br />kind. Thereafter, Lender may:
<br />(a) Either in person or by agent, with or without bringing eny action or proceeding, or by a receiver
<br />appointed by e court and without regard to the edequecy of (ts security, enter upon and take possession
<br />of the Property, or eny part thereof, in its own name or in the neme of Trustee, end do eny acts which it
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