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DEED OF TRUST � O � `� O � � �P �
<br />(Continuedl Page 5
<br />SECURITY AGREEMENT; FIIdANCING STATEMENTS. The following provisions relating to this Deed of Trust as a
<br />security agree►nent are a part of this Deed of Trust:
<br />Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property
<br />consfitutes fixtures, and Lender shall have all of the rights of a secured party under the Uniform Commercial Code
<br />as amended from time to time.
<br />Security hrterest. Upon request by Lender, Trustor shall take whatever ection is requested by Lender to perfect
<br />and continue Lender's security interest in the Rents and Personal Property. In addition to recording this Deed of
<br />Trust in the real property records, Lender may, at eny time and without further euthorizetion from T►vstor, file
<br />executed counterparts, copies or reproductions of this Deed of Trust as a flnencing statement. Trustor shall
<br />reimburse Lertder for all expenses incurred in perfecting or continuing this security interest. Upon defauit, Trustor
<br />shall not remove, sever o� detach the Personal Property ftom the Property. Upon default, Trustor shall assemble
<br />any Personal Properry not affixed to the Property in a manner and et a place reasonably convenient to Trustor and
<br />Lender end maka h available to Lender withfn three (3) deys 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 Isecured party) from which information
<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 thfs Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to turther assurances and
<br />attorney-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, 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 to be filed, recorded, refiled, or rerecorded, as the case may be, at such times and in such o.ffices
<br />end places as Lender may deem appropriate, any and all such mortgages, deeds of trust, security deeds, security
<br />agreements, financing statemeMS, continuation statements, instruments of further assurance, certificates, and
<br />other docume�rts es may, in the sole opinion of Lender, ba neceasary or desirable (n order to effectuete, complete,
<br />perfect, continue, or preserve 11) Trustor's obligations under the Note, this Deed of Trust, end the Related
<br />Documents, and (2) the liens and security interests created by this Deed of Trust as flrst and prior liens on the
<br />Property, whether now owned or hereafter ecquired 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 paragraph.
<br />Attomey-in-Fact. If Trustor feils to do any of the things referred to in the preceding paragraph, Lender mey do so
<br />for and in the name of Truator and et Trustor's expense. For such purposes, Trustor hereby irrevocably appoints
<br />Lender as Trusto�'s ettomey-in-fact for the purpose of making, executing, delivering, filing, recording, and doing all
<br />other things as may be necessary or desirable, in Lende�`s sole opinion, to accomplish the matters referred to in
<br />the preceding paragreph.
<br />FULL PERFORMANCE. If Trustor peys 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 />reconveyence and shall execute and dafiver to Trustor suitable statements of termination of any flnancing statement on
<br />file evidencing Lender's security interest in the Rents and the Personal Property. Any reconveyence fee required by law
<br />shall be paid by Trustor, if permitted by applicable law.
<br />EVEIVTS OF DEFAt1LT. Each of the following, at Lender's option, shall constitute an Event of Default under this Deed
<br />of Trust:
<br />Paymetrt Default. Trustor fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Trustor fails to comply with or to perform any other term, obligation, covenant ar condition
<br />contained in this Deed of Trust or in any of the Releted Documents or to comply with or to perform any term,
<br />obligetion, covenant or condition conteined in any other egreement between Lender and Trustor.
<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 Paymerrts. 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 necessery to prevent filing of or to effect discharge of any lien.
<br />Environmental Default. Failure of any party to comply with or perform when due any term, obligation, covenant or
<br />condition contained in any environmental agreement executed in connection with the Property.
<br />False Statements. Any warranty, representation or statement made or furnished to Lender by Trustor or on
<br />Trustor's behalf under thls Deed of Trust or the Related Documents is false or misleading in any material respect,
<br />either now or at the time made or furnished or becomes false or misleading at any time thereafter.
<br />Defective Collateralization. This Dead of Trust or any of the Related Documents ceases to be in full force and
<br />effect tincluding failure of any collateral document to create a valid and perfected security interest or Iien) at any
<br />time and for any reason.
<br />Death or Insolvency. The dissolution of Trustor� (regardtess of whether election to continue is madel, eny
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