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required under applicable law. Any amounts disbursed by Beneficiary pursuant to this paragraph <br />shall become additional indebtedness secured by this Deed of Trust. <br />Default and Remedies. <br />8.1 Events of Default. Trustor acknowledges and agrees that an Event of Default <br />shall occur unde-- this Deed of Trust upon the occurrence of any one or more of the following <br />events: <br />a. Beneficiary's declaration of an Event of Default under any City <br />Document. subject to the expiration of any applicable cure period set forth in such document; <br />b. Trustor fails to perform any monetary obligation which arises under this <br />Deed of Trust, and does not cure that failure within ten (l 0) days following written notice from <br />Beneficiary or Trustee; <br />c. If Trustor's interest in the Property or any part thereof is voluntarily or <br />involuntarily sold, transferred, leased, encumbered, or otherwise conveyed in violation of <br />Section 7.4 hereof or if any other Transfer occurs in violation of the OPA; <br />d. Trustor fails to maintain the insurance coverage required under the City <br />Docut~~ents or othe.-~~~~~se fai?s to comply ~~~ith the requirements of Section 7.8 hereof and "Trustor <br />fails to cure such -~efa~i~t ~~ ahin tF~e. time specifed in Section 7.8; <br />e. Subject to Trustor's right to contest such charges as provided herein, <br />Trustor fails to pay taxes or assessme-~ts due on the Land or the Improvements or fails to pay any <br />other charge that may result in a lien on the Land or the Improvements, and ']~rustor fai is to cure <br />such default within ten (10) days. <br />f. Any representation or warranty of Trustor contained in or made in <br />connection with the execution and delivery of this Deed of Trust or in any certificate or <br />statement furnished pursuant hereto or in any other City Document proves to have been false or <br />misleading in any material adverse respect when made; <br />g. If, pursuant to or within the meaning of the United States Bankruptcy <br />Code or any other federal or state law relating to insolvency or relief of debtors (``Bankruptcy <br />Law"), Trustor or any general partner thereof (i) commences a voluntary case or proceeding; (ii) <br />consents to the entry of an order for relief against Trustor or any general partner thereof in an <br />involuntary case; (iii) consents to the appointment of a trustee, receiver, assignee, liquidator or <br />similar official for Trustor or any general partner thereof; (iv) makes an assignment for the <br />benefit of its creditors; or (v) admits in writing its inability to pay its debts as they become due. <br />h. If a court of competent jurisdiction enters an order or decree under any <br />Bankruptcy Law that (i) is for relief against Trustor or any general partner thereof in an <br />involuntary case, (ii) appoints a trustee, receiver, assignee, liquidator or similar official for <br />Trustor or any general partner thereof or substantially all of such entity's assets, (iii) orders the <br />liquidation of Trustor or any general partner thereof, or (iv) issues or levies a judgment, writ, <br />warrant of attachment or similar process against the Property or the Project, and in each case the <br />957562-3 ~ 3 <br />