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201200523 DEED OF TRUST Loan No: 10001293 (CoiltillUed) Page 4 counterparts, copies or reproductions of this Deed of Trust as a financing statement. Trustor sfiall reimburse Lende�for all expenses incurred in perfecting or continuing this security interest. Upon default,Trustor shall not remove, sever or detach the Personal Property from the Property. Upon default, Trustor shall assembie any Personal Property not affixed to the Property in a manner and at a place reasonably convenient to Trustor and Lender and make it available to Lender within three (3) days after receipY of written demand from Lender to the extent permitted by appliCable law. Addresses. The mailing addresses of Trustor (de6tor) and Lentler (secured party) from which information wncerning the security interest g�anted 6y this Deed of Trust may be obtained (each as required by tfie Uniform Commercial Code1 are as stated on the first page of this Deed of Trust. FURTHER ASSURANCES; ATTORNEY-IN-FACT. The followi�g prwisions relating Yo further assurances and attorney-in-fact are a part of this Deed of Trust: Further Assurances. At any time,and from time to time, upon request of Lender,Trustor will make,execute and deliver,or will cause to be made,executed or delivered,to Lender or to Lender's designee,and when requested by Lender, cause to be filed, recorded,refiled,or rerecorded,as the case may be,at such times and in such offices and places as Lender may deem appropriate,any and all such mortgages,deeds of trust,security deeds,security agreements, financing statements, continuation statements, instruments of further assurance, certificates, and other documents as may,in the sole opinion of Lender,be necessary or desirable in ordet to effectuate,complete, perfect, continue, or preserve (11 Trustor's obligations under the Note, this Deed of Trust, and the Releted Documents,and (2) the liens and security interests created hy this Deed of Trust as first and prior liens on the Property,whether now owned or hereafter acquired by Trustor. Unless�prohibited by law or�ender agrees to the contrary in writing, Trustor shall reim6urse Lender for all costs and expenses incurred in connection with the matters referred to in this paragraph. Attorney-in-Fact. If Trustor fails to do any of the things referred to in the preceding paragraph,Lender may do so For and in the name of Trustor and at Trustors expense. For such purposes,TrusYOr hereby irrevocably appoints Lender as Trustor's attorney-in-fact for the purpose of making,executing,delivering,filing,recording,and doing all other things as may be necessary or desirable, in Lender's sole opinion,to accomplish the matters referred to in the preceding paragraph. - FULL PERFORMANCE. If Trustor pays all the Indebtedness when due, and otherwise performs all the obligations imposed upon Trustor under this Deed of Trust, Lender shall execute and deliver to Trustee a request for full reconveyance antl shall execute and deliver to Trustor suitable statements of termination of any financi�ng statement on file evidencing Lender's security interest in the Rents and the Personal Property. Any�econveyance fee required by law shall be paid by Trustor,if permitted by applicable law. EWEN7S OF DEFAULT. At Lender's opYion,Trustor wili be in default under this Deed of Trust if any of the following happen: Payment Default. Trustor fails to make any payment when due under the Indebtedness. Break Other Promises. Trustor breaks any promise made to Lender or fails to perform promptly at the time and strictly in the manner provided in this Deed of Trust or in any agreement�elated to this Deed of Trust. Compliance Default. Failure to comply with any other term, obligation, covenant Or condition conYained in this �eed of Trust,the Note orin any of the Related Documents. � Default on Other Payments. Failure of Trustor within the time required by this Deed of Trust to make any payment for taxes or insurance,or any other payment necessary to prevent filing of or To effect discharge of any lien. Default in Favor of Third Parties. Should Grantor default under any loan,e�ctension of credit,security agreement, purchase or sales agreement,or any other agreement,in favor of any otii.er creditor or person that may materially affect any of Grantor's property or Grantor's a6ility to repay the Indebtedness or Grantor's ability to perform Grantor's obligations under this Deed of Trust or any of the Related Documents. Fafse Statements. Any representation or statemeni made or furnished to Lender by Trusto�or on Trustor's behalf under this Deed of Trust or the Related Documents is false or misleading in any material respect,either now or at the time made or furnished. Defective Collateralization. This Deed of Trust or any of the Related Documents ceases to be in full force and effect(including failure of any collateral document to create a valid and perfected 5ecurity interest or lien) at any time and for any reason. Death or lnsolvency. The death of Trustor,the insolvency of Trustor,the appointment of a receiver for any part of Trustor's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Trustor. Taking of the Property. Any creditor or governmental agency tries to take any of the Property or any othe�of Trustor's property in which Lender has a lien. This includes taking of, garnishing of or levying on Trusto.r's � accounts with Lender. However, if Trustor disputes in good faith whether the claim on which the taking of the Property is 6ased is valid or reasonable, and if Trustor gives Lender written notice of the claim and furnishes Lender With monies or a surety bond satisfiactory to Lender to satisfy the claim,then tMis default provision will not apply. Breach of Other Agreement.. Any breach by Trustor�nder the terms of any other agreement between Trustor and � Lender that is not remedied within any grace period provided therein,including without limitation any agreement � concerning any indebtedness n�other obligation of Trustor to Lender,whether existing now or later. E�ents Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor,endorser,surety, or accommodation party of any of the Indebted�ess or any guarantor, endorser,surety,or accommodation party dies or becemes incompetent, or revokes or disputes the validity ofi, or liability under, any Guaranty of the Indebtedness. - Insecurity. Lender in good faith believes itself insecure.. Right to Cure. if any default,other than a default in payment is curable and if Trustor has not been given a notice of a 6reach of the same provision of this Deed of Trust within the preceding twelve(12)months,it may be cured if Trustor,after Lender sends written notice to Trustor demanding cure of such defaultr (1� cures the default within twenty 120) days; or (2) if the cure requires more than twenty (20) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasortable and necessary steps sufficient to produce compliance as soon as reasonably practical. RIGHTS AND REMEDIES ON�EFAULT. If an Event of DefauR occurs under this Deed of Trust,at any time thereafter, Trustee or Lender may exercise any one or more of the following rights and remedies: Acceleration Upon Default;Additional Remedies. If any Eve�t of Default occurs as per the terms of the Note secured he�eby,Lender may dedare all Indebtedness secured by this Deed of Trust to be due and payable and the same shall thereupon become due and payable without any presentment,demand,protest or notice of any kind. Thereafter,Lender may: