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payment of any Secured Obligation; (iii) accept additional real or personal property of any kind as security for any Secured Obligation, or (iv) substitute or release any property securing the Secured Obligations. 7.16 Reconveyance. Upon written request of Beneficiary stating that all of the Secured Obligations have been paid in full, and upon surrender of this Leasehold Deed of Trust, and the Note, Trustee shall reconvey, without warranty, the Property or so much of it as is then held under this Leasehold Deed of Trust. The recitals in any reconveyance executed under this Leasehold Deed of Trust of any matters or facts shall be conclusive proof of the truthfulness thereof. Trustor shall pay all fees of Trustee and all recordation fees related to such reconveyance. 8. Default and Remedies 8.1 Events of Default. Trustor acknowledges and agrees that an Event of Default shall occur under this Leasehold Deed of Trust upon the occurrence of any one or more of the following events: (i) Beneficiary's declaration of an Event of Default under any Loan Document, subject to the expiration of any applicable cure period set forth in such document; (ii) Trustor fails to perform any monetary obligation which arises under this Leasehold Deed of Trust, and does not cure that failure within ten (10) days following written notice from Beneficiary or Trustee; (iii) Reserved. (iv) Trustor fails to maintain the insurance coverage required under the Loan Agreement or otherwise fails to comply with the requirements of Section 7.10 hereof and Trustor fails to cure such default within the time specified in Section 7.10; (v) Subject to Trustor's right to contest such charges as provided herein, Trustor fails to pay taxes or assessments due on the Land or the Improvements or fails to pay any other charge that may result in a lien on the Land or the Improvements, and Trustor fails to cure such default within fifteen (15) days. (vi) Any representation or warranty of Trustor contained in or made in connection with the execution and delivery of this Leasehold Deed of Trust or in any certificate or statement furnished pursuant hereto or in any other Loan Document proves to have been false or misleading in any material adverse respect when made; (vii) If, pursuant to or within the meaning of the United States Bankruptcy Code or any other federal or state law relating to insolvency or relief of debtors ("Bankruptcy Law"), Trustor (i) commences a voluntary case or proceeding; (ii) consents to the entry of an order for relief against Trustor in an involuntary case; (iii) consents to the appointment of a trustee, receiver, assignee, liquidator or similar official 12