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Loan No: 7781263
<br />DEED OF TRUST ay
<br />(Continued) � o � � Q � � � ` page 4
<br />counterparts, copies or reproductions of this Deed of Trust as a financing statement. Trustor shall reimburse
<br />Lender for all expenses incurred in perfecting or continuing this security interest. Upon default, Trustor shall not
<br />remove, sever or detach the Personal Property from the Praperty. Upon default, Trustor shall assemble any
<br />Personel Property not affixed to the Property in a manner and at a place reasonebly convenient to Trustor and
<br />Lender and meke it available to Lender within three (3) days after receipt of written de�nand from Lender to the
<br />extent permitted by applicable law.
<br />Addresses. The mailing addresses of Trustor (debtor) and Lender (secured party) `froM which lnformation
<br />conceming the security interest granted by this Deed of Trust may be obtained (each 'as required by the Uniform
<br />Commercial Code) are as stated on the first pege of this Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further assurances and
<br />attorney-in-fact are a part of this Deed of Trust:
<br />Further Assurances. At any time, and from time to time, upon request of Lender, Trustor will make, execute and
<br />deliver, or will cause to be made, executed or delivered, to Lender or to Lender's designee, and when requested by
<br />Lender, cause ta be filed, recorded, refiled, or rerecorded, as the case may be, at such times and in such offices
<br />and places as Lender may deem appropriate, any and all such mortgages, deeds of trust, security deeds, security
<br />agreements, financing statements, continuation statements, instruments of further essurance, certificetes, and
<br />other documents es may, in the sole opinion of Lender, be necessary or desirable in order to effectuate, camplete,
<br />perfect, wntinue, or preserye (1) Trc:stor's c�bligations under the Note, this Deed �f Trust, and the Related
<br />Documents, and (2) fhe liens and security interests created by this Deed of Trust as first and prior liena on the
<br />Property, whether now awned or hareafter acquired by Trustor. Unless prohibited by law or Lender agrees to the
<br />contrary in writing, Trustor shell reimburse Lender for all costs and expenses incurred in connection with the
<br />matters reterred to in this paragraph.
<br />Attorney-in-Fact. If Trustor feils to do any of the things referred to in the preceding peragreph, Lender may do so
<br />for end in the name of Trustor and at Trustor's expense. For such purposes, Trustor hereby irrevocably appoints
<br />Lender as Trustor's attorney-in-fact for the purpose of making, executing, delivering, filing, recording, and doing all
<br />other things as may be necessary or desirable, in Lender's sole opinion, to accomplish the matters referred to in
<br />the preceding paragraph.
<br />FULL PERFORMANCE. If Trustor pays all the Indebtedness when due, and otherwise performs all the obligations
<br />imposed upon Trustor under this Deed of Trust, Lender shall execute and deliver to Trustee a request for full
<br />reconveyance and shall execute and deliver to Trustor suitable statements of termination of any financing statement on
<br />file evidencing Lender's security interest in the Rents and the Personal Property. Any reconveyance fee'required by law
<br />shall be paid by Trustor, if permitted by applicable law.
<br />EVENTS OF DEFAULT. At Lender's option, Trustor will be in default under this Deed of Trust if any of the following
<br />happen:
<br />Payment Default. Trustor fails to make any payment when due under the Indebtedness.
<br />Break Other Promises. Trustor breaks any promise made to Lender or fails to perform promptly at the time and
<br />strictly in the manner provided in this Deed of Trust or in any agreement related to this Deed of Trust.
<br />Compliance Default. Failure to comply with any other term, obligation, covenant or condition contained in this
<br />Deed of Trust, the Note or in any of the Related Documents.
<br />Default on Other Payments. Failure of Trustor within the time required by this Deed of Trust to make any payment
<br />for taxes or insurance, or any other payment necessary to prevent filing of or to effect discharge of any lien.
<br />Default in Favor of Third Parties. Should Grantor default under any loan, extension of credit, security agreement,
<br />purchas�} or seffls agreement, �r any other agreement, in favor of any other creditor or person that may materielly
<br />affect any of Granfor's property or Grantor's ability to repay the Indebtedness or Grantor's ability to perform
<br />Grantor's obligations under this Deed of Trust or any of the Related Documents.
<br />False Statements. Any representation or statement made or furnished to Lender by Trustor or on Trustor's behalf
<br />under this Deed of Trust or the Related Documents is false or misleading in any material respect, either now or at
<br />the time made or furnished.
<br />Defective Collateralizetion. This Deed of Trust or any af the Related Documents ceases to be in full-force and
<br />effect (including failure of any collateral document to create a velid and perfected security interest or lien) at any
<br />time and for any reason.
<br />Death or Insolvency. The death of Trustor, the insolvency of Trustor, the appointment of a receiver for any part of
<br />Trustor's property, eny assignment for the benefit of creditors, any type of creditor workout, or the
<br />commencement of any proceeding under any bankruptcy or insolvency laws by or against Trustor. .
<br />Taking of the Property. Any creditor or governmental agency tries to take any of the Property or any other of
<br />Trustor's property in which Lender has a lien. This includes taking of, gamishing of or levying on Trustor's
<br />accounts with Lender. However, if Trustor. disputes in good feith whether the claim-on which_the taking of the
<br />Property is based is .valid or reasonable, and if Trustor gives Lender written notice of the claim and fumishes
<br />Lender with monies or a surety bond satisfactory to Lender to satisfy the claim, then this defeult provision will not
<br />apply.
<br />Breach of Other Agreement. Any breach by Trustor under the terms of any other agreement between Trustor end
<br />Lender that is not remedied within any grace period provided therein, including without limitation any agreement
<br />concerning any indebtedness or other obligation of Trustor to Lender, whether existing now or later.
<br />Events Affecting Guarantor. Any of the preceding events accurs with respect to any guarantor, endorser, surety,
<br />or accommodation party of any of the Indebtedness or any guarantor, endorser, surety, or accommodation perty
<br />dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the
<br />Indebtedness.
<br />Insecurity. Lender in good faith believes itself insecure.
<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event ofi Default occurs under this Deed of i rusf, at any time theceafter,
<br />Trustee or Lender may exercise any one or more of the following rights and remadies:
<br />Acceleration Upon Default; Additional Remedies. If any Event of Defeult occurs as per the terms of the Note
<br />secured hereby, Lender may declare all Indebtedness secured by this Deed of Trust to be due and payable and
<br />the same shall thereupon become due and payable without any presentment, demand, protest or notice of any
<br />kind. Thereafter, Lender may:
<br />(a) Either in person or by agent, with or without bringing any action or proceeding, or by a receiver
<br />appointed by a court and without regard to the adequacy of its security, enter upon and take possession
<br />of the Property, or any part thereof, in its own name or in the name of Trustee, and do any acts which it
<br />deems necessary or desirable to preserve the value, marketability or rentebility of the Property, or part of
<br />the Property or interest in the Property; increase the income from the Property or protect the security of
<br />the Property; and, with or without taking possession of the Property, sue for ar otherwise callect the
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