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DEED OF TRUST � 0�. 2 017 6'�
<br />(Continued) Page 4
<br />Taxes. The following shall constitute taxes to which this section applies: (1) a specific tax upon this type of
<br />Deed of Trust or upon all or any part of the Indebtedness secured by this Deed of Trust; (2) a specific tax on
<br />Trustor which Trustor is authorized or required to deduct from payments on the Indebtedness secured by this type
<br />of Deed of Trust; (3) a tax on this type of Deed of Trust chargeable against the Lender or the holder of the Note;
<br />and (4) a speciflc tax on all or any portion of the Indebtedness or on payments of principal and interest made by
<br />Trustor.
<br />Subsequent Taxes. If any tax to which this secdon applies is enacted subsequent to the date of this Deed of
<br />Trust, this ever�t shall have the same effect as an Everrt of Default, and Lender may exerase any or all of its
<br />available remedies for an Event of Default as provided below unless Trustor either (1) pays the tax before it
<br />becorr�e.s del(nquent, or (2) contests the tax as provided above in the Taxe.s and L1e�ns sectlon ar� deposits with
<br />Lender cash or a sufficfent corporate surety bond or other securriy saUsfactory to Lender.
<br />SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relaUng to this Deed of Trust as a
<br />securiry agreement are a part of this Deed of Trust:
<br />Security Agreement Th(s instrument shall constitute a Security AgreeFnent to tfie extenti_any, of the Properly
<br />constitutes fixtures, and Lender shall have all of the rights of a secured party under the Unifortn Commercial Code
<br />as amended from time to time.
<br />Sscurity Interest Upon request by Lender, Trustor shall take whatever action (s requested by Lender to perfect
<br />and continue 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, flle executed
<br />counterparts, copies or reproductians of this Deed of Trust as a financing statement. Trustor shall reimburse
<br />Lender for ali expenses incurred in perfecting or continuing this security interest. Upon defauit, Trustor shall not
<br />remove, sever or detach the Personal Property from the Property. Upon default, Trustor shall assemble any
<br />Personal Property not afflxed to the Properly in a manner and at a place reasonably conven(ent to Trustor and
<br />Lender and make it available to Lender within three (3) days after receipt of written demand from Lender to the
<br />extent permitted by applicable law.
<br />Addresses. The mailing addresses of Trustor (debtor) and Lender (secured party) from which informatfon
<br />concerning 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 flrst page of this Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relaUng to further assurances and
<br />attorney-in-fact are a part of this D�d of Trust:
<br />Further Assurances. At any time, and from time to Ume, upon request of Lender, Trustor will make, exec;ute and
<br />detiver, or will cause to be made, executed or detivered, to Le.r�ier or to Lende►'s designce, and when requested by
<br />Lender, cause to be filed, recorded, refiled, or rerecorded, as the case may be, at such Umes and in such offlces
<br />and places as Lender may deem appropriate, arry and all such mortgages, deeds of trust, secxuity deeds, securlty
<br />agreemerrts, financing statemerrts, corrtinuatlon statemerrts, instrumerrts of further assuranoe, cerdficates, and
<br />other dawmer�ts as may, in the sole opinion of Lender, be n�ssary or desirable in order to eff�tuate, complete,
<br />perfec:t, cor�tinue, or preserve (1) Trustor's obligatfons under the Note, this Deed of Trust, and the Related
<br />Docx�merits, and (2) the Ifens and security irrterests cxeated by this Dced of Trust on the Properly, whether now
<br />owned or hereafter acquired by Trustor. UNess prohibfted by law or Lender agnees to the co►�trary in wriUng,
<br />Trustor shall reirr�urse Lender for all costs and e�enses incurred in c:onnection wfth the rr�tters referred to in this
<br />P�9raph.
<br />Attorney-in-Fact If Trustor fails to do any of the things referred to in the preoedirig paragraph, Lender may do so
<br />for and in the nart� of Trustor and at Trustor's e�er�e. For such purposes, Trustor hereby irrevocably appoirrts
<br />Lender � Trustor's attomey-in-fact for the purpose of makfng, executirig, delivering, filing, recording, and doing ali
<br />other things � may be neoessary or de.s(rable, in Leriders sole opinion, to accomplish the matters referred to in
<br />the preoeding paragraph.
<br />FULL PERFORMANCE. If Trustor pays all the Indebtedness, induding without limitatfon all future advanoe.s, when due,
<br />and otherwise pertorms all the obl(gations imposed upon Trustor under this Deed of Trust, Lender shall execute and
<br />deliver to Trustee a r�equest for full reconveyance and shall execute and deliver to Trustor suitable statemerrts of
<br />termination of any flnancing statemerrt on file evidencing Lender's security interest fn the Rer�ts and the Pe�sorial
<br />Property. Any reoonveyance fee required by law shall be �id by Trustor, if permitted by applicable law.
<br />EVENTS OF DEFAULT. At Lenders opUon, Trustor will be in defautt under this Deed of Trust if arry of the foliowing
<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 De.ed 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 flling of or to effect discharge of any lien.
<br />False Statemsnts. Any representation or statement made or fumished 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 Collateralization. This Deed of Trust or any of the Related Documents ceases to be in full force and
<br />effect (including failure of any collateral document to create a valid and pertected security interest or lien) at any
<br />time and for any reason.
<br />Desth or Insolvency. The death of Trustor, the insolvency of Trustor, the appointment of a receiver for any part of
<br />Trustor's property, any assignment for the beneflt of creditors; any �+pe bf creditor workout, or the
<br />cammencemeiit of any proceedir5g under any bankruptcy or insolvency laws by or against Trustor.
<br />Taking of the Property. Any creditor or govemmental 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 Trusto�'s
<br />accounts with Lender. However, if Trustor disputes in good faith whether the cla(m 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 default provision will not
<br />apply.
<br />Breach of Other Agreement Any breach by Trustor under the terms of any other agreement between Trustor and
<br />Lender that is not remedied wfthfn any grace period provfded therein, including without limitation any agreement
<br />concernfng any indebtedness or other obl(gatlon 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 becomes incompetent, or revokes or disputes the validity of, or liab(lity under, any Guaranty of the
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