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amounts disbursed by Beneficiary pursuant to this paragraph shall become additional <br />indebtedness secured by this Deed of Trust. <br />7.19 Limited Partners Right to Cure. Trustor's limited partners shall have the right to <br />cure any default of Trustor hereunder upon the same terms and conditions afforded to Trustor; <br />provided however, if the default is of such nature that the limited partners reasonably determine <br />that it is necessary to replace the general partner of Trustor in order to cure such default, then the <br />cure period shall be extended by an additional ninety (90) days after the removal of the general <br />partner, provided that the limited partners have promptly commenced and diligently proceeded <br />with all requisite actions to effect such removal and replacement. Beneficiary shall provide any <br />notice of default hereunder to the limited partners at the address set forth in Section 10.2 below <br />concurrently with the provision of such notice to Trustor. <br />8. Default and Remedies. <br />8.1 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 Loan <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 or any other Loan Document, and does not cure that failure within ten (10) days <br />following written notice from Beneficiary or Trustee; <br />C. If Truster'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 7.6 hereof or if any other Transfer occurs in violation of the Loan Documents; <br />d. Trustor fails to maintain the insurance coverage required hereunder or <br />under the other Loan Documents and fails to cure such default within five (5) days, or Trustor <br />otherwise fails to comply with the requirements of Section 7.10 hereof and Trustor fails to cure <br />such default within the applicable time specified in Section 7.10; <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 <br />when due any other charge that may result in a lien on the Land or the Improvements, and <br />Trustor fails to cure such default within twenty (20) days of the date of delinquency, but in all <br />events prior to the date upon which the holder of any such lien has the right to foreclose thereon. <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 famished pursuant hereto, or in any other Loan Document proves to have been false or <br />misleading in any material adverse respect when made and continues to be materially adverse to <br />City; <br />Page 14 of 24 <br />REV: 05-29-19 VR <br />ATTY/AGR.2019.147/Redwood Oaks Associates 11 LP - Deed of Trust <br />