DEED OF TRUST
<br />Loan No: 1 0 7 24591 2 (Continued) 2 012 0 6 7 5 5 Page 5
<br />incurred in recording, perfecting or continuing this Deed of Trust, including without limitation all texes, fees,
<br />documentary stamps, and other cherges for recording or registering this Deed of Trust.
<br />Taxes. The following shall constitute texes to which this section applies: (1) a specific tax upon this type of
<br />Deed of Trust or upon all or eny 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 tex on this type of Deed of Trust chergeable against the Lender or the holder of the Note;
<br />and (4) a specific tax on all or any portion of the Indebtedness or on payments of principal and interest mede by
<br />Trustor.
<br />Subsequent Taxes. If any tax to which this section epplies is enacted subsequent to the dete of this Deed of
<br />Trust, this event shell have the same effect es an Event of Default, and Lender may exercise eny or all of its
<br />available remedies for an Event of Default as provided below unless Trustor either (1) pays the tex before it
<br />becomes delinquent, or (2) contests the tax as provided above in the Taxes and Liens section and deposits with
<br />Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender.
<br />SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Deed of Trust as a
<br />security agreement 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 />constitutes fixtures, and Lender shall have all of the rights of e secured party under the Uniform Commerciel Code
<br />as amended from time to time.
<br />Security Interest. Upon request by Lender, Trustor shall take whatever action 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 any time and without further euthorization from Trustor, file
<br />executed counterparts, copies or reproductions of this Deed of Trust es a financing statement. Trustor shall
<br />reimburse Lander for all expenses incurred in perfecting or continuing this security interest. Upon default, Trustor
<br />shell not remove, sever or detach the Personal Property from the Property. Upon default, Trustor shall assemble
<br />any Personal Property not affixed to the Property in e manner and at a place reasonebly convenient 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 epplicable law.
<br />Addresses. The mailing eddresses of Trustor (debtor) end Lender (secured party) from which informetion
<br />concerning the security interest granted by this Deed of Trust may be obtained leach es required by the Uniform
<br />Commercial Code) are as stated on the first page of this Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further essurances end
<br />attorney-in-fect 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 meke, execute and
<br />deliver, or will ceuse to be mede, executed or delivered, to Lender or to Lender's designee, and when requested by
<br />Lender, cause to be filed, recorded, refiled, or rerecorded, es the case mey be, at such times end in such offices
<br />end 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 assurance, certificates, and
<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 as 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 shell reimburse Lender for all costs and expenses incurred in connection with the
<br />mettera referred to in this peragraph.
<br />Attorney-in-Fect. If Trustor fails to do any of the things referred to in the preceding paragraph, Lender may do so
<br />for snd in the name of Trustor and at Trustor's expense. For such purposes, Trustor hereby irrevocebly eppoints
<br />Lender as Trustor's attorney-in-fact for the purpose of ineking, executing, delivering, filing, recording, and doing all
<br />other things as mey be necessary or desirable, in Lender's sole opinion, to accomplish the metters referred to in
<br />the preceding paragraph.
<br />FULL PERFORMANCE. If Trustor pays all the Indebtedness, including without limitation all future advances, when due,
<br />and otherwise performs all the obligations imposed upon Trustor under this Deed of Trust, Lender shall execute end
<br />deliver to Trustee a request for full reconveyance and shall execute and deliver to Trustor suitable statements of
<br />termination of any financing stetement on file evidencing Lender's security interest in the Rents end the Personal
<br />Property. Any reconveyance fee required by law shall be paid by Trustor, if permitted by epplicable law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute an Event of Default under this Deed
<br />of Trust:
<br />PeymeM Default. Trustor fails to make eny payment when due under the Indebtedness.
<br />Other Defeults. Trustor fails to comply with or to perform any other term, obligetion, covenant or condition
<br />contained in this Deed of Trust or in any of the Related Documents or to comply with or to perform any term,
<br />obligation, covenant or condition contained in any other agreement between Lender and Trustor.
<br />Compliance Default. Failure to comply with any other term, obligation, covenant or conditfon contained in this
<br />
|