80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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AI~T~L Y~ ~~E"~S ~F D~~.~UL'p A~~] R~~~II~ Section ,~,1_ ~ver~ts of Defattlt Defined. Tire accurrence of any failure of the Ttsustor to pay the ~'romissory dote or #o otherwise perfa~4~r~ ~ a~ligation tl~ perfarmance of which is sect~~+ed by tltis Deed of Trust, and fire cantinuatiart of sttclt failure far a period of thirty bt~sir~ess days as to tnanetary oblia#ions ar~d sixty business days as to Hari-monetary ob~iatiatrs far sucl~ additional time as tray be reasanably Necessary p~"avlded #hat Trt~star comn~e~ces cu~•e wi#ltrri sucl~ sixty ~~~}day period and #l~ereaf#et4 diligently pt"osect~tcs such ctu'e #a cor~.pletion}, a~e~~ wrttter~ Nonce specify~rtg such failure and re~t~estin tl~at it be r•e~r~edied shall slave beex~ give. to Trustar from file Beneficiary, shall be ate "~~ret~t of Default" or• a "Defat~It" tinder{ tlais Deed of Tres#~ Sectiatr ~,2 Accelez'atiori of aturit . ~f a~i E~ex~t of Defat~It sltall nave occtu'x'ed and cotltlnuing, tl~en ttte entire indebtedness secured ltexeby shall, at tl~e optian of #lte Beneficia~"y, irnN~edi~tely ~eco~ne dt~e rid payable witl~ottt native or dema~~d wlticl~ are hereby expressly waived, and no or~nissiart ors the part of tl~e Beneficiary to exet~cise stzch optio~~ wl~en er~t~tled to da so shall be cortstz't~ed as a waiver ofsueh right, Section ~.3 Tl~e Betlef~ciar 's ~i lit to Bt~teti and Take Possession. ~f aN Event of Default shall l~a~e occt~r•red and be contirtt~in, the ~3er~e~ciary may; ~a} EitherF iN persot3 or by agent, ~~~i#l~ or ~~~itl~ot~t br"ingirrg a~~~ .c#ion or proeeeding, or by a reeei~er appointed by a cot~~~t, ar~d ~~it~xout regard to the adequacy of its secu~•ity, e~~#e~" upon the Prapctty and #al~ possessian tl~ereof ~or~ any pay+t thereaf} a~~d of a~~y of file Secttrity, in its awN name or in the r~atne of Trustee, and do any acts whicl~ it deems necessa~•y or desirable #a preserve the value, marl~etability ar ren#ability of the Praper+ty, or part the~•eof o~"interest #herein, ittcrease the income #he~•ef~"orn ar• p~'o#ect t17e ect~r~lt~ ~~e~'eof and, with or wi#hot~t taking possession of tl~e Ptaper•ty, stye for ail otherwise collect the rents, issues and profits tl~ereaf, including tl~ose past dire and unpaid, arld apply tl~e Sartre, less casts at~d axpet~ses of operatiar~ and collectiat~, including attotr~eys' fees, t~par~ at~y it~debted~~ess secured ltereb~T, all its sttclt ardor as Beneficiary may determine. The er~terit~g upon and ta~itlg pasession of the Propet4ty, tl~e collectiar~ of sucl~ re~~ts, issues and profits and the application theteaf, as afatesaid, shall Hat cure ar wane any Default ar notice of Defa~zlt lleret~ndcr ar tnval~date any act dotle in ~~esportse to such Default or" pursuant #a st~cl~ notice of Default and, natwi#hsta~ding rite contit~uat~ce in possession of #l~e Property ar the collection, ~"eceipt and application of rents, issttes otk profits, Beneficia~",y shall be etttttled to exercise c~ery tight provided fat" iri #l~is Deed of Tt`tlt, the ~gree~r~ent or by law upon o~currer~ce of atly ~~er~t of Default, ir~cludirt the right to exercise the power of sale Trustar re~t~ests that a copy of any o#ice of Default and a cagy of any notice of Sale her•et~nder be mailed to Tz~t~stot• if at its address given herein; amtnence an actiotr to fareclase this Deed of `~'~"ust, appoint a reeeiver, or specifically enforce any of the co~et~ants hereof; ~c} Deliver to Trustee a written declaration of default and detrtand far sale, and a written notice of ~le~'at~lt and eleetio~~ to ca~~se Trusto~•'s interest in tl7e property to be sold, ATTA~IBT 9-4 1~~~DCII ~ODG7~v~ 31~~~~~~-0~0 ~