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thereof. Trustor shall pay all fees of Trustee and all recordation fees related to such <br /> reconveyance. <br /> 8. Default and Remedies <br /> 8.1 Events of Default. Trustor acknowledges and agrees that an Event of <br /> Default shall occur under this Deed of Trust upon the occurrence of any one or more of <br /> the following events: <br /> (1) Beneficiary's declaration of an Event of Default under any Loan <br /> Document, subject to the expiration of any applicable cure period set forth in such <br /> document; <br /> (ii) Trustor fails to perform any monetary obligation which arises under <br /> this Deed of Trust, and does not cure that failure within ten (10) days following written <br /> notice from Beneficiary or Trustee; <br /> • <br /> (iii) Reserved. <br /> (iv) Trustor fails to maintain the insurance coverage required under the <br /> Loan Agreement or otherwise fails to comply with the requirements of Section 7.10 <br /> hereof and Trustor fails to cure such default within the time specified in Section 7.10: <br /> (v) Subject to Trustor's right to contest such charges as provided <br /> herein, Trustor fails to pay taxes or assessments due on the Land or the Improvements <br /> or fails to pay any other charge that may result in a lien on the Land or the <br /> Improvements, and Trustor fails to cure such default within fifteen (15) days. <br /> (vi) 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 Loan Document proves to have <br /> been false or misleading in any material adverse respect when made; <br /> (vii) If pursuant to or within the meaning of the United States <br /> Bankruptcy Code or any other federal or state law relating to insolvency or relief of <br /> debtors ( "Bankruptcy Law "), Trustor (i) commences a voluntary case or proceeding; (ii) <br /> consents to the entry of an order for relief against Trustor in an involuntary case; (iii) <br /> consents to the appointment of a trustee, receiver, assignee, liquidator or similar official <br /> for Trustor; (iv) makes an assignment for the benefit of its creditors; or (v) admits in <br /> writing its inability to pay its debts as they become due. <br /> (viii) If a court of competent jurisdiction enters an order or decree under <br /> any Bankruptcy Law that (i) is for relief against Trustor in an involuntary case, (ii) <br /> appoints a trustee, receiver, assignee, liquidator or similar official for Trustor or <br /> substantially all of Trustor's assets, or (iii) issues or levies a judgment, writ, warrant of <br /> attachment or similar process against the Property or the Project, and in each case the <br /> order or decree is not released, vacated, dismissed or fully bonded within sixty (60) <br /> days after its issuance. <br /> 1177360 -2 12 <br />