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7.15 Cure; Protection of Security. Either Beneficiary or Trustee may cure any breach <br /> or default of Trustor, and if it chooses to do so in connection with any such cure, Beneficiary or <br /> Trustee may also enter the Property and /or do any and all other things which it may in its sole <br /> discretion consider necessary and appropriate to protect the security of this Deed of Trust. Such <br /> . other things may include: appearing in and /or defending any action or proceeding which purports <br /> to affect the security of, or the rights or powers of Beneficiary or Trustee under, this Deed of <br /> Trust; paying, purchasing, contesting or compromising any encumbrance, charge, lien or claim <br /> of lien which in Beneficiary's or Trustee's sole judgment is or may be senior in priority to this <br /> Deed of Trust, such judgment of Beneficiary or Trustee to be conclusive as among Beneficiary, <br /> Trustee and Trustor; obtaining insurance and /or paying any premiums or charges for insurance <br /> required to be carried hereunder; otherwise caring for and protecting any and all of the Property; <br /> and /or employing counsel, accountants, contractors and other appropriate persons to assist <br /> Beneficiary or Trustee. Beneficiary and Trustee may take any of the actions permitted under this <br /> Section 7.15 either with or without giving notice, except for notices required under applicable <br /> law. Any amounts disbursed by Beneficiary pursuant to this paragraph shall become additional <br /> indebtedness secured by this Deed of Trust. <br /> S. Default and Remedies. <br /> S.1 Events of Default. Trustor acknowledges and agrees that an Event of Default <br /> shall occur under 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 (10) 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 othenvise conveyed in violation of <br /> Section 7.4 hereof or if any other Transfer occurs in violation of the Regulatory Agreement; <br /> d. Trustor fails to maintain the insurance coverage required under the City <br /> Documents or otherwise fails to comply with the requirements of Section 7.8 hereof and Trustor <br /> fails to cure such default within the time specified 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 assessments 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 Trustor fails to cure <br /> such default within 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 /> 818002-2 12 <br />