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DEED OF TRUST � 0�� 014 °� �
<br />(Continued) Page 4
<br />and cantinue Lender's security interest in the Personal Property. In addition to recording this Deed of Trust in the
<br />real property records, Lender may, at any time and without further authorization from Trustor, file executed
<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 Property. Upon default, Trustor shell essemble eny
<br />Personal Property not affixed to the Property in a manner and at a place reasonably convanient to Trustor end
<br />Lender and make it available to Lender within three (3) days efter receipt of written demand from Lender to the
<br />extent permitted by appliceble law.
<br />Addresses. The mailing eddresses of Trustor (debtor) and Lender (secured parry) from which information
<br />concerning the security interest granted by this Deed of Trust mey be obtained (each es required by the Uniform
<br />Commercial Code) are es stated on the first page of this Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further assurances and
<br />ettorney-in-fact are a part of this Deed of Trust:
<br />Further Assurances. At any time, end from time to time, upon request of Lender, Truator 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 to be filed, recorded, refiled, or rerecorded, as the case may be, at such times and in such offices
<br />and places es Lender may deem appropriate, any and ell such mortgages, deeds of trust, security deeds, security
<br />agreements, financing statements, continuation statements, instruments of further essurance, certificetes, end
<br />other documents as may, in the sole opinion of Lender, be necessary or desirable in order to effectuate, complete,
<br />perfect, continue, or preserve (1) Trustor's obligations under the Note, this Deed of Trust, and the Related
<br />Documents, and (2) the liens and security interests created by this Deed of Trust es first and prior liens on the
<br />Property, whether now owned or hereafter acquired by Trustor. Unless prohibited by law or Lender agrees to the
<br />contrary in writing, Trustor shall reimburse Lender for all costs and expenses incurred in connection with the
<br />matters referred to in this peragraph.
<br />Attorney-in-Fact. If Trustor fails to do any of the things referred to in the preceding peragraph, Lender may do so
<br />for and in the name of Trustor and at Trustor's expense. For such purposes, Trustor hereby irrevocably appoints
<br />Lender as Trustor's attornay-in-fact far the purpose of ineking, executing, delivering, filing, recording, and doing ell
<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 peys all the Indebtedness, including without limitation ail future advances, when due,
<br />and otherwise performs all the obligations imposed upon Trustor under this Deed of Trust, Lender shell execute and
<br />deliver to Trustee a request for full reconveyance and shall execute end deliver to Trustor suitable statements of
<br />termination of any financing statement on file evidencing Lender's security interest in the Rents end the Personel
<br />Properry. Any reconveyence fee required by law 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 t(me 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, covenent 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 />False Statements. Any representation or stetement mede or furnished to Lander by Trustor or on Trustor's behalf
<br />under this Deed of Trust or the Related Documents is false or misleading in eny materiai respect, either now or at
<br />the time made or furnished.
<br />Defective Collaterelization. This Deed of Trust or any of the Related Documents ceases to be in full force and
<br />effect (including failure of any collaterel document to create a velid end perfected security interest or lien) at eny
<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 asaignment 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 egainst 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 hes a lien. This includes taking of, garnishing of or levying on Trustor's
<br />accounts with Lender. However, if Trustor disputes in good faith whether the claim on which the taking of the
<br />Property is based is valid or reasoneble, and if Trustor gives Lender written notice of the claim and furnishes
<br />Lender with monies or a surety bond satisfectory to Lender to setisfy the claim, then this default provision will not
<br />apply.
<br />Breach of Other Agreement. Any breach by Trustor under the terms of any other egreement between Trustor and
<br />Lender that is not remedied within eny grace period provided therein, including without limitetion 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 occurs with respect to any guarantor, endorser, surety,
<br />or accommodation party of any of the Indebtedness or any guarantor, endorser, surety, or accommodation party
<br />dies or becomas incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the
<br />Indebtedness.
<br />Right to Cure. �1f any defauit, other`than a defeult in peyment is curable and if Trustor has t be n given e� tice
<br />of a breach of the same provision of this Deed of Trust within the preceding twelve (12) mo�s,Ii�may be cu�ed if
<br />Trustor, after Lender sends written notice to Trustor demanding cure of such default: (1) cu es t e default within
<br />fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender
<br />deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes ell
<br />reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
<br />RIGHTS AND REMEDIES ON DEFAULT. If en Event of Defeult occurs under this Deed of Trust, at eny time thereafter,
<br />Trustee or Lender may exercise any one or more of the following rights and remedies:
<br />Acceleration Upon Default; Additional Remedies. If any Event of Default 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 eny ection or proceeding, or by a raceiver
<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 acta which it
<br />deems necessary or desirable to preserve the value, marketebility or rentability of the Property, or part of
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