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201400262 DEED OF TRUST Loan No: 10008363 (COt1tlnUed) Page 4 Subsequent Taxes. If any tax to which this section applies is enacted subsequent to the date of this Deed of T�ust, this event shal! have the same effect as an Event of Default, and Lender may exercise any or all of its aveifable remedies for an Event of Default as provided below unless Trustor eithar (1] pays the tax before it becomes delinquent, or (2) contests the tex as provided above in the Taxes and Liens sectian and depasits with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender. SECURITY AGREEMENT; FINANCIN(i STATEMENTS. Tha following provisions relating to this Deed of Trust as a securlty agreement are a part of this Deed of Trust: Security Agraement. This instrument sha11 constitute e Security Agreement to tha extent any of the Property constitutes fixtures, and Lender shell have a!I of the rights of a secured party under the Uniform Commercial Code as amended from time to time. Security Interest. Upon request by Lender, Trustor shall take whatever action is requested by Lender to perfect and continue Lender's security interest in the Personal Property. In additfon to recording this Deed of Trust in the real property records, Lender may, et any time and without further authorization from Trustor, file executed counterparts, copies or reproductfons of this Deed of Trust as a financing statement. Trustor shall reimburse Lender for al! expenses incurred in perfecting or continuing this security interest. Upon default, Trustor shall not remove, sever or detach the Personal Property from the Property. Upon default, Trustor shall assemble any Personal Property not affixed to the Property in a menner and at a plece reasonably convenient to Trustor and Lender and make it available to Lender within three (3! days efter receipt of written demand from Lender to the extent permitted by applicable law. Addresses. The mailing addresses of Truator (debtor) and Lender (secured party! from which information concerning the security interest granted by thfs Deed of Trust may ba obtained (each as required by the Uniform Commercia!Code) are as stated on the first page of this Deed of Trust. FURTHER ASSURANCES; ATTORNEY-IM-FACT. The following provisions relating to further assurances and attorney-in-fact are a part of this Deed of Trust: Further Assurances. At any time, and from time to time, upon request of Lender, Trustor will make, execute and deliver, or wi11 cause to be made, executed or delivered,to Lende�or to Lender's designee, and when requested by Lender, cause to be filed, recorded, refiled, or rerecorded, as the case may be, at such times and in such offices and places as Lender may deem appropriate, any and all such mortgages, deeds of trust, security deeds, security agreements, financing statements, continuation statements, instruments of further assurance, certificates, and other documents ae may, in the sole opinion of Lender, be�ecessary or desirable in order to effectuate, complete, parfect, continue, or preserve (1) Trustor's obligations under the Note, this Deed of Trust, and the Related Documents, and (2) the liens and security interests created by this Deed of Trust on the Property, whether now ownad or hereafter acquired by Trustor. Unfess prohibited by law or Lender agrees to the contrary in writing, Trustor shall reimburse Lender for a11 costs and expenses incurred in connection with the metters referred to in this paragraph. Attornay-in-Fact. If Trustor fails to do any of the things referred to in the preceding paragraph, Lender may do so for and in tha name of Trustor and at Trustor's expense. For such purposes, Trustor hereby irrevocably appo9nts Lender as Trustor's attorney-in-fact for the purpose of ineking,executing, delivering, filing, recording, and doing all other things as may be necessary or desirable, in Lender's sole opinion, to eccomplish the matters referred to in the preceding paragraph. FULL PERFORMANCE. If Trustor pays all the Indebtedness when due, and otherwise performs all the obligations imposed upon Trustor under this Deed of Trust, Lender shall execute and deliver to Trustee a request for full reconveyance and shall execute and deliver to Trustor suitab�e statements of termination of any financing statement on file evidencing Lender's security interest in the Rents and the Personal Properry. Any reconveyance fee required by law shall be paid by Trustor, if permitted by epplicabfe law. EVENTS OF DEFAULT. At Lender's option, Trustor will be in default under this Deed of Trust if any of the following hapAen: Paymant Dafauk. Trustor fails to make any payment when due under the Indebtedness. Break Other Promises. Trustor breaks any promise made to Lender or fails to perform promptly at the time and strictly in the manner provided in this Dead of Trust or in any agreement related to this Deed of Trust. Compliance Dafauh. Failure to comply with eny other term, obligation, covenant or condition contained in this Deed of Trust,the Note or in any of the Related Documents. Defauft on Othar Payments. Failure of Trustor within the time required by this Deed of Trust to make any payment for taxes or insurance,or any other payment necessary to prevent filing of or to effect discharge of any lien. Defauft in Favor of Third Parties. Should Grantor dafault under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materielly effect any of Grantor's proparty or Grantor's ebility to �epay the Indebtedness or Grantor's ability to perform Grantor's obligations under this Desd of Trust or any of the Related Documents. False Statements. Any representation or statement made ar furnished to Lender by Trustor or on Trustor's behalf under this Deed of Trust or the Related Documents is false or misleading in any material respect, either now or at the tims made or furnished. Defective Colleteralization. This Deed of Trust or any of the Related Documents ceases to be in full force and effect (including failure of any collateral dacument to create a valid and perfected security interest ar Iien) at any time end for eny reeson. Death or Insolvency. The death of Trustor,the insolvency of Trustor,tha appointment of a receiver for any pert of Trustor's proparty, any assignment for the benefit of creditors, any type of creditor workout, or the commancement of any proceeding under any bankruptcy or insolvency laws by or against Trustor. Taking of the Property. Any creditor or governmantel agency tries to take any of the P�operty or any other of Trustor's property in which Lender has a Nen. Thls includes taking of, garnishing of or levying on Trustor's accounts with Lender. However, if Trustor disputes in good faith whether the cleim on which the taking of the Properry is besed is valid or reasonable, and tf Trustor gfves Lender written notice of the claim and furnishes Lender with monies or a surety bond satisfactory to Lender to satisfy the claim, then ihis default provision will not apply. Breach of Other Agreemer�t. Any breach by Trustor under the terms of any other agreement between Trustor and Lender that is not remediad within any grace period provlded therein, including without limitation any agreement concerning any Indebtedness or other obligation of Trustor to Lender, whethar existing now or later. Everrts Affecting (ivarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety, or accommodation party of any of the Indebtedness or any guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the valfdlty of, or liability under, any Guaranty of the Indebtedness.