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$i(f7�1�1946
<br /> DEED OF TFfUST
<br /> Loan Nm: 8900'[791 �Continued) Page 4
<br /> incurred in recording, perfecting or coe�tinuing this.t>eed of Thust, including v�sithout ffmitation a61 taxes, fees,
<br /> documentary stamps,and other charges fior recarding or registering this�Aed Ofi Trust.
<br /> Taxes. The following shall const€tute taxes to which ihi5 secti0n 2gp[ies: €�) a specific tax upon this type of
<br /> Deed of Trust or upon all or any pa€t of the [n8ebtet3ness secUred @y this Oeed of Tr�st; i2) a spectfic t�oi�
<br /> T"rustor which Trustor is authorized ar required to detJuct fram payments on tha Inde6iedness secured by this type
<br /> of deed of Trust; (3) a tax an Yhi5 type nf Desd of Trtrst chargeable against ihe Lender or the holder of the Nate;
<br /> and {4} a speoific tax on all or any portion of the IndebYedness or on paymehts of principa!and interest made by
<br /> T�"USYOr.
<br /> Subsequerrt Ta�ces. If any tax to whfch this seetion applies is enacted subsequent to the date o€this Deed of
<br /> TruSt, thi5 evenY shall hsve Yhe same effect as an Event of Default,and Lender may exarcise any or all oP its
<br /> available reme�lies for an Event of Clefault as provided below urrless Trustor either C[) pays the tax 6efore it
<br /> bectlmeS definquent,nr {2) conteSYs the tax as provided abova fn the 7a;ces and Liens seetion and deposits with
<br /> Lender cash or a suEficient corporate surety band¢r other securlty saYisfiactory to Lender.
<br /> 3ECI1R[TY AGREEMENT; FIt�ANC(NG STA7EMERlTS. The fbliowing prnvisinns reEating to this Deed o� Trust as a
<br /> security agreement are a part of this Deed of Trust:
<br /> 5eeurity Agreement. This fnstrument shalf constitute a Security Agreerrtent to the e7ctent any of the Property
<br /> constitutes fiixt�res,and Lender shal�have all of the rights nf a secured party under the Uniform Commercial Code
<br /> as amended fr�m time to time.
<br /> Securiky In�,erzst. Upon request by Lender,Trusmr shall take whaTever action]s requested by Len r to perfect
<br /> and continue Lender's security inRerest in the Rerrts artd Personal Property. In atldition to rec��is Deed of
<br /> Trust in the real property records, Lender may, at any time and without furiher aufhorizatio o rustor, file
<br /> executed ca.unterparts, copies or reprbduCtions of this D�ed pf TrusC as a financing sea n. Trustor.shall
<br /> ref€n6urse Lender for all expenses incurred in perfecting ar continuing this securiYy intere �n defaWt,Trustor
<br /> shal(nnt remnve,sever or detsch the Personal Propeny frorr the Propeny. l7po�defa�t, rustor shall assemble
<br /> any Personal Property rmi affixed ro the Property in a menner and at a place reason venient to Trustor and
<br /> LBnder and make it evailabie Yo Lender within Three(3) days after recsipt of wpitte�mand from Lender to the
<br /> a�tteni permitted 6y applicahle law. `r�
<br /> Addresses. The mailing address2s af TrustOr idEb'ttlr) and Lender (s cured party) from which information
<br /> conceming the security interest granted by this Deed of Trust may be bt 'r�ed (each es required by the Unifo�m
<br /> Commercia€Code}are as stated or€the firsi page of thi9 DBed of Tr t
<br /> FURTHER ASS[7RAIVCES; AT7LIRIUEY-IN-�17,C"C. The following prov s relating ta further assurances and
<br /> attorney-in-fact are a parT of this Deed of Trust:
<br /> Further Assurances. Qt any time, and from time to time,up�uest of Lender,Trustor will make,exeeuie and
<br /> deliver,or will cause to be made,executed or delivere tc�ln r or to Lender's designee,and vdhen requested by
<br /> Lender,cause to be filed,recorded„refiled,or rerecor��p%the case may be,at such times and in such offices
<br /> and places as Lender m&y CIBBm dppropriaYe,anp�and E �h rnortgages,deeds of trust,secvrity deeds,security
<br /> agreements, financing statements, contfnuaiion�Ze nts, instruments af further ass�ranee, ce€'tificates, and
<br /> bther documents as may,in the sole opinion of �n7�r,be rrecessary or desirable in order to e#fectuate,camplete,
<br /> perfiect, continue, or preserve S9? Tr�s r�(igations under the Note, this Deed of Trust, and tfie Related
<br /> Docurnents,and (2) Yhe liens and see n�fests created 6y this Deed aS 7rust as first and prior]iens an the
<br /> Property,wf�ether now owned ar hereafter uired by Trustor. Ur�iess prohibited hy law ar Lender agr�es Yo fhe
<br /> contrary in writing, 7rustar sh8ll r�imhursz Lender for all costs and expenses irtcu�red in conrcection with the
<br /> matters referred to in thi5 paragrap� _
<br /> AtEorney-ln-Fact. If Trustor fa do any of fhe thing5 referred Yo in the preeeding paragraph,Lender may do so
<br /> for and in the name of Tru �at Trustor's expense. For such porposes,Trustor hereby€rrevocab[y apPoints
<br /> Lender as Trustor`s attame act f6r the purpose of making,executing,dziiv�rinq,filing,recording,and doing all
<br /> oYher things as may b� sary ar desirable,in Lender's sole op€nion,to accamplish the matters referred to in
<br /> the preceding paragr
<br /> FULL C'ERFt)RMANC I�istor pays all the lndebtecfness,including without limitation all iuture advances,when due�,
<br /> and atherwise perfo s tf the nbligeiiorss imgosed upon Twustor under this Deed of Trust, Lender shal] execuia arrd
<br /> daliver to Trust r quest for fult recanveyance and shall execc�Ye and deliver to Trustor suitabl�: 5fatement5 o'F
<br /> tarminatlort��'inancing statement an file evidencing Lender's security interest in the Rents arid the Petsonal
<br /> Property. R r conveyance fes required 6y law shal[bs paid by TNstor,if permitted by applrcable[ew.
<br /> EVENTS DF DEFAULT. Each of if�e follnwing,aY Lendzr"s opUon,sl�all constitute an Event of Default under this Deed
<br /> of Trust:
<br /> Paymerrt DeFaulk. Trustor fails fo make any payment when due uncter the[ndebtedness.
<br /> Other Defaults. Trustnr fails to comply with or te perform arry other term, abligatian, aavenartt ar condition
<br /> eontained in this Deed af 7rust or in any of the Related �ocuments or to camply wEth or to perforrr�any term,
<br /> pbligatinn,covenant or cand'rtion canrained in any other agreement between Lender antl Trustor.
<br /> Compiianee Deiauh. Failure ta corr�ply with any other term,obligatior�,coVenant or condifion contained in this
<br /> Deed of Trust,the Rfote or in any o�the l�eiated Dacuments.
<br /> IJatault rtn Other i'aymenYs. Failure af Trustor within the cime required by this Deed of Trust tb make any payment
<br /> for taxes ar insurance,or any other payment necessary io prevent filing of nr to effect discharge of any[ien.
<br /> Defaulf in Favoe of Thiri[ParCies. Should Grantor defaWt under any(oan,e�ctension of credit,securiry agreement,
<br /> purchase or sales agreement,or any acher agseement,in favar of any other creditor or person that may materially
<br /> affect any of Grantar's property or Granmr`s ability to repay the Indebteiiness or Grantor's abiliYy to perfQrm
<br /> Grantar's obligations under this Deed of Trust or any afi the Related�ncumen6s.
<br /> False Statements, Any watraritq, represent�ti0n Or Statement made or furnished io Lender by Trustnr ar on
<br /> Trustor's behalf under this Deed of Trust or the Ralated Q�cuments is false or misleading in any materiaf respect,
<br /> either now ar at the fime made or furnished or becomes'f�lse or misleading at any time therea#ter.
<br /> t]efeative Collateralization. This �eed of Trust or any ofi the Related Documents ceases to be in full force and
<br /> effect(includirig fiaEture of any collatera]document to create a valid and perfected security interest or lien)at any
<br /> iime and tor any teason.
<br /> Death or Insolvency. The death of Trustor,the insolvency of Trustor,ihe appointment of a receiver tar any part of
<br /> Trustor's properry, any assignment for the benePit of creditars, any type of creditor workout, or ihe
<br /> commencement of any proceeding under any 6ankruptey or insolvency laws tiy or against Trustor.
<br /> Creditor vr Forfeit�re Proceedings. CommenCement nF ftlreclnsUre ar forfeiture praceedings, whether by judicisl
<br /> proceeding,self-heip,repossession or any other method,by any credimr ofi Trustar or by any governmental agency
<br /> against any properYy securing the [nde6tednes�. TFtiis includes a garnishment nf any of Trustor"s accounts;
<br /> including depasit accounts,wixh Lender. However,this Event of Defaui�shall not apply if there is a good faith
<br /> d(spute by Trustor as to the validity or reasonableness of the cEsim whiCh iS the basis of the creditar�r forfeiture
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