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� ;-� <br /> or exhaus6ng any security or coliateral for the Sxured Obligations. <br /> ARTICLE VII <br /> F�r':S OF DF�FA�1?.T <br /> VII.1 $yents�f Default. The occurrence of any one or more of the following shall <br /> constitute an Event of DeFault hereunder: <br /> (a) 1 he failure to make any payment required under thc Note,this Deed <br /> of Trus!,or any of rhe other Loan Documents when due, including,without limitation, <br /> payments of taxes,utilities,liens and insurance premium:;. <br /> (b) The faiture to pedorm any other crn eaant, agreement or obligation <br /> under this Deed ef Tnist or eny of the other Loan Documents,if not cured within the time <br /> iallowed. If no cure period is otherwise speciGed for such default,the cus+e peria!shal!be <br /> within lhirty(30)a.�„s a8er Ler.der's delivery of written demand to Boaower,or if such cure <br /> � cannct in Lender's opinion be completcd within such thitty(30)day period, and Borrower <br /> commences the required cure within such thirty(30)day period and thereafter continues the <br /> cure with diligence,the cure period shail be ninety(90)days after I,ender's delivery of such <br /> written demand. No written demand and no cure period shall be rcquired if, during tl�c prior <br /> twelve{12)months, Lender has already sent a written demand to Borrower conceming <br /> default�n the same obligation. <br /> (c) The occurrence of an Event of Default under any of the other Loan <br /> Documents. <br /> (d) Bocrower or any guarantar or any hvstee of Boaowa or any <br /> guarantor files a petition in bankruptcy for an arrangement,reorgani2ation or eny other fotm <br /> of debtor relief; or such a petition is filed against Bortower or any guazantor or any trustee <br /> of Boirower or any guurantor and the�etition is not dismissed within forty-five(45)days <br /> after filing. <br /> (e) A decree or order is entered for the appointment of a trustee,receiver <br /> or liquidxtor for Bo�rowcr or any guarantor or Borrower's or any guarantor's property,and <br /> such decree or order is not vacated within forty-five(45)days after the date of entry. <br /> (� Bortower or any guarantor commences any proceeding for dissolution <br /> or liquidation; ot any yuch proceeding is commenced against Bcrtowet or any guarantor and <br /> the proceeding is not dismissed within fortv-f ve(45)days after the date of commencement. <br /> (g) Borrower or any guazantor makes an assignme�rt for the benefit of its <br /> creditors,or admits in writing its inability to pay its debts generally as they bxome due. <br /> (h) There is an attachment, execution or other judicia; seizure of any <br /> 18 <br /> 98060 I Q� g � 4 <br />