��14�445�
<br /> DEED �� TRUST
<br /> Loan tVa: 7�7 277 7 93 �Continued� Page 5
<br /> Lender cash or a su�ficient corpara�e sur�ty bond ❑r a�her secur�ty satis�factary ta Lender.
<br /> SECUR�TY AGREEMENT; F�NANG�NG STATEMENTS. The foilowing pra�isians rela�ing ta this ❑eed of Trust as a
<br /> security agreement are a part vf this Deed❑f Trus�:
<br /> 5ecurity Agreemen�. This instrument sha�� constitute a Se�uri�y Agreernent to the extent any af the Proper�y
<br /> constitutes fiix�ures� and Lender sha�� haWe a�� of the righ�s o€ a secured party under the Uni�orm Commercial Cade
<br /> as amended from time to t�me.
<br /> Security Int�rest. Upon request by Lender, Trustor shall tak� whate��r action is requested by Lender ta pe��ect
<br /> and �ontinue L�nder's secur�ity interest in the Personal F�raper�y. in addi�ivn ta recording this Deed a�F Trust in the
<br /> real prop�rty records, Lender may, at any �ime and without further authoriza�ion fram Trustor, �file execut�d
<br /> cvun�erparts, capies ar reproductions of this Deed of Trust as a �inancing statement. Trustor shall reimburse
<br /> Lender far al� expenses �ncurred in perfecting or continuing this security in�eres�. Upon de�ault, Trustv� shall no�
<br /> remo�e, se�er or detach the Persanal Proper�y f�-om the P�-ope�-ty. Upon default, Trustar sha�� assemble any
<br /> Persanal Praperty no� affixed to the Praper�y in a manner and at a place reasonab�y conuenient ta Trus�or and
<br /> Lender and make it a�aifab�e t❑ Lender wi�hin th�ee �3� days afte� receipt of wri��en demand �rom Lender ta the
<br /> extent permitted by app�icable�aw.
<br /> Add�esses. The mailing addresses vf Trustor {dehtar} and �ender 4secured par�y} from whi�h �n��rmativn
<br /> concerning the security interest grant�d by this Deed vf Trust may be vbtained {each as required by the Unifvrrn
<br /> Commercia! Code} are as s�ated vn the��rst page of this ❑eed of Trus�.
<br /> FURTNE�t ASSURANCESr ATTDRNEY-iN-FACT. The foffowing pro�isions rela�ing to further assurances and
<br /> attarney-�n-fact are a part o#this Deed of Trust:
<br /> Fur#her Assu�ances. A�any t�m�, and from time ta time, upon r�quest af Lender, Trustar wi�� make, execute and
<br /> deli�e�, or will cause to be made, execu�ed❑r defi�ered, ta Lender vr t❑ Lender's d�signee, and when requested by
<br /> Lender, cause �a be filed, recorded, refi�ed, ❑r re�ecorded, as the case may be, at such tEmes and in such of€ices
<br /> and p�aces as Lender may deem apprv�r�ate, any and al� su�h mvrtgages, deeds of trust, secur�ty deeds, security
<br /> agreements, �inancing statemen�s, continuativn statemen�s, instrumen�s of fu�-ther assu�ance, certi�icates, and
<br /> athe�do�uments as may, in the svle apinivn�f Lender, b� necessary vr desirable in order to effectuate, campfete,
<br /> p�r#e�t, continue, ❑r prese��e �1 y Trustor's o�liga�ians under �he iVote, this I]eed o� T�ust, and the Related
<br /> Dacuments, and t�} the �iens and security interes�s created by th�s Deed o�Trust as firs� and prior �iens on the
<br /> PrQperty, whe�her now awned ar hereafter a�quired by Trus�or. �nless prahibited by law �r Lender agrees �o the
<br /> cantrary in w�iting, Trus�ar shall �eirnburse Lender far ai1 casts and expenses incurred in cvnne��ivn with the
<br /> matters referred ta in this paragraph.
<br /> Attorney-in-Fac�. ff Trustor faifs to d� any v�the thEngs referred t� in the pre�eding paragraph, Lender may d� so
<br /> �or and in the name of Trustvr and at Trustor's expense. F�r such purpvses, T�ustor hereby �rre�ocably appoints
<br /> Lender as Trustor's a��orney-in-fiact��r�he pu�p�se a�making, execu�ing, deli�ering, filing, re�ording, and daing all
<br /> other th�ngs as may be necessa�y ar desirable, in Lender's sole ❑pinion, �a accomplish the mat�ers referred to in
<br /> th�preceding paragraph.
<br /> FULL PERF4RiViANCE. If Trusta� pays alf the fndebtedness, including without �imi�ativn alI future ad�ances, when due,
<br /> and atherwise perfarms a�l the ❑bligatians impvsed upon Trustor under th�s Deed of T�ust, Lender sha�� execute and
<br /> deliver tv Trustee a r�ques� ��r �u�� recon�eyan�e and shaii exe�u�e and deli�er to Trustor suitabl� sta�emen�s o�
<br /> term�na�ian ❑� any financ�ng staternent an file e�iden�ing Lender's s�curity interest in the Rents and the Personal
<br /> Praperty. Any rec�n�eyance fee required by!aw shal�be paid by Trustor, if permitted hy app�icab�e law.
<br /> DEFAVLT. Afi Lender's aption, Trustar wi[I�� in defauit unde�this Deed of Trust if any vf the fvllvwing happen:
<br /> Fraud or Materiaf I1�[isrepresentation. Trustor commi�s #raud ❑r material mis�epresentativn in conne�tion w�th the
<br /> �erms a#the Note.
<br /> Payment De�aui�. Trustar�ails to meet the repayment terms of the Nvte for any ou�standing balance.
<br /> Dther De�aults. Trus�ar's act or failure �o act adv�rs��y af�ects Lender's se�uri�y interes� in the Prape�ty, or any
<br /> ��ght vf Lender's in such security.
<br /> Righ��v Cu�e. I�any de�aul�, ather than a de�auft�n paymen� is �urab�e and if T�ustor has nat been gi�en a notice
<br /> vf a breach of the sam� pro�ision of this Ueed af Trust within�he preceding twe[�e ��2� months, it may be cured i�
<br /> Trus�or, after Lend�r sends wr�tten notice to Trustor demanding cure of such default: ��y cures the defaul�wi�thin
<br /> �en ���}days; or �2y if the cu�e requires m�re than'ten t 1�� days, immediate�y initia�es steps which L�nder deems
<br /> in Lender's sale discretion to be sufficient to cure the de#ault and�herea�ter continues and comple�es al! r�asanabie
<br /> and necessary steps suff�cient to prvdu�e comp�tance as soon as reasonably practical.
<br /> RI�HTS AND REMEDIES �N ❑EFAULT. E�an E�ent of Qe�aul� accurs under this �eed o�Trus�, at any time thereaf�er,
<br /> Trustee ar Lender may exercise any one ar more of the fvllvwing righ�s and�-emedies:
<br /> Acceleration Upvn De�au1�:Add�tiona� Remedies. If any E�ent af ❑efau{t occurs as per the �erms of the Na�e
<br /> secured hereby, Lender may dec�are all Indebtedness secured by this aeed�f Trust to b�due and payable and
<br /> the same shali thereupvn hecome due and payat�le withaut any presentment, demand, protest or na�ice af any
<br /> kind. Thereafter, Lender may:
<br />
|