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.._. _-.... .._.. �rr�rrr-.. . . 07/27/2015 7.3.A. - Page 39 this Deed of Trust, and shall bear interest from the date such expenses are incurred at the maximum rate permitted by law. Section 5.4. Pavment to the Beneficiarv The Trustor shall pay to the Beneficiary all amounts identified in the Note in the amount(s) and at the time(s) specified in such document. The failure to do so constitutes an Event of Default authorizing and permitting the Beneficiary to exercise the remedies set forth in Article VII hereof. Section 5.5. Notice of Default: Riaht to Cure Trustor shall ensure that any permanent loan or other financing instrument the proceeds of which are used in the financing of the Property, which loan is secured by a security interest in the Trustor's interest in the Property("Mortgage") secured by the Property includes provisions: a) requiring delivery to Beneficiary of a copy of any notice of default given to Trustor under such Mortgage concurrently with service of such notice to Trustor, and b) providing Beneficiary with the right (but not the obligation) to cure or remedy, or to commence to cure or remedy such default during the period available to Trustor pursuant to such Mortgage plus sixty (60) additional days. Section 5.6. Due on Sale. Rent, or Lease The Note secured by this Deed of Trust is due upon the occurrence of any transfer of title to the Property whether by sale or lease (other than a lease to a residential tenant), or the execution of an installment sale contract giving the purchaser a right to possess the Property before transfer of title. ARTICLE VI EVENTS OF DEFAULT AND REMEDIES Section 6.1. Events of Default Defined The following shall be Events of Default under this Deed of Trust: (a) the occurrence of an Event of Default under the Loan Agreement; (b) any representation or warranty made by Trustor hereunder is false or misleading in any material respect as of the date on which the representation is made; or (c) the failure of the Trustor to perForm or comply with any obligation, covenant, agreement or warranty under this Deed of Trust, the Note, or the Loan Agreement. The continuation of said failure for a period of seven (7) calendar days as to monetary obligations and thirty (30) calendar days as to non-monetary obligations, after written notice specifying such failure and requesting that it be remedied (such notice being referred to herein as a "notice of default") shall have been given to Trustor from the Beneficiary. Section 6.2. Acceleration of Maturitv If an Event of Default shall have occurred and be continuing or not be cured, then the entire indebtedness secured hereby shall, at the option of the Beneficiary, immediately become due and payable without notice or demand (which are hereby expressly waived), and no omission OAK#4852-3988-7653 v1 ATTY/RES0.3085/CC RESO RWC FIRE SAFETY FIRST PILOT PROGRAM ATTACHMENT B-4 DEED OF TRUST REV:07-22-15 VR Page 8 of 19 33 RESO.#15428 MUFF#705