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<br /> 201403672
<br /> DEED OF TRUST
<br /> Loan No: 681175-1 {Continued) Page 4
<br /> concerning tF�e security interest granted by this Deed of Trust may be abtained ieach as required by the Uniform
<br /> Cammercial Cotie) are as stated on the first page af this Deed of Trust.
<br /> FURtHER ASSURANCES; ATTORI�tEY-IN-FACT. The following provisions relating to further assurances and
<br /> attorney-in-fact are a part of this �eed of Trust:
<br /> Further Assurances. At any time, and from time to time, upon request af Lender, Trustor will ma[ce, execute and
<br /> deliver, or will cause to 6e made, executed or delivered, to Lender or to Lender's designee, and when requested hy
<br /> L�nder, cause to be filed, recorded, refiled, or rerecordetf, as the case may he, at such times and in such offices
<br /> and places as Lender may deern appropriate, any and all such mortgages, deeds af trust, security deeds, security
<br /> agreements, financing statements, continuation statements, instruments of further assurance, certificates, and
<br /> other dacuments as may, in#he soie opinian of �ender, be necessary or desirable in order ta effectua#e, complete,
<br /> perfect, continue, or preserve f1} Trustor's obligations under the Note, this Qeed of Trust, and the Related
<br /> 17ocuments, and {21 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 proF�ibited 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 /> Attorney-in-Fact. If Trustor fai[s to do any of the things referred to in the preceding paragraph, Lender may do sp
<br /> for ancE in the name of Trustor and at Trustor's expense. For sucE� purposes, Trustor hereby ir:e�ocably appoints
<br /> Lender as Trustor's attorney-in-fact for the purpose of making, executing, delivering, filing, recording, and doing all
<br /> other things as may be necessary or dasirable, in Lender's sole opinion, to accomplish the matters referred to in
<br /> the preceding paragraph.
<br /> FULL PERFORMANCE. If Trustor pays al[ the Indebtedness when due, and otherwise performs al1 the obligations
<br /> imposed upon Trustor under this ❑eed of Trust, Lender shall exacute and deliver to Trustee a request for full
<br /> reconveyance and shall execuYe and deliver to Trustor suitabfe statements af termination of any finaneing statement on
<br /> file evidencing Lender's security in#erest in the Rents and the Persona€ Property. Any recon�eyance fee required by law
<br /> shall be paid by Trustor, if permitted by applicable law.
<br /> EVENTS OF dEFAULi. Each of the following, at Lender's option, shall constitute an Event of Default under this Deed
<br /> of Trust:
<br /> Paymerot Default. Trustor fails to make any payanent when due under the Indebtedness.
<br /> Other Defaults. Trustor fails to comply with or to perform any other term, obligation, cavenant or condition
<br /> conCained in this Deed of Trust or in any of the Re�ated Doc�ments or #o comply with or to perform any term,
<br /> abliga#ion, cavenant or condition contained in any other agreement between Lender and Trustoc.
<br /> Compliance befault. Failure to comply with any nther term, obligation, co�enant or condi#ian contained in this
<br /> Deed of Trust, the Note nr in any of the Related Documents.
<br /> Defau[t on Other Paymen#s. Failure of Trustor within the time required by this Deed of Trus#to meke any payment
<br /> for taxes or insurance, or any ather payment nscessary to prevent filing of or to effect discharge of any{ien.
<br /> Default in Fa�or af Third Parties. Should Grantor defau[t under any loan, extension of credit, security agreement,
<br /> purchase or sales agreement, or any othar agreement, in tavor af any other crec�itor or person that may materially
<br /> affect any of Grantor's proparty or Gra�tor's ability to repay the ande6tedness or Grantor's ability to perform
<br /> Grantor's obligations under this �eed of Trus#or any of the Refated Documents.
<br /> False Statements. Any warranty, representation or statement made or furnished ta Lender by Trustor or on
<br /> Trustar's behalf under this Deed of Trust or the Re[ated Documents is false or misleading in any material respect,
<br /> either now or at the time made or furnished or becomes false or mis[eading at any time thereafter.
<br /> Qefecti�e Collateralization. This Deed of Trust or any of the Re{ated Documents ceases to be in full force and
<br /> effect (including failure of any coliateral document to create a vaiid and perfected security interest or lienl at any
<br /> time and for any reason.
<br /> Death or Insolvenoy. The death of Trustor, the insolvency of Trustor, the appointment af a recei�er for any part of
<br /> 7rustor's property, any assignm�ni for the benefit of creditors, any type of creditor workout, or t�e
<br /> commencement of any proceeding under any bankruptcy or insolvency faws by or against Trustor.
<br /> Creditor or Forfeiture Pracaedings. Commencement of foreclosure or forfeiture proceedings, whether 6y judicial
<br /> proceeding, self-F�elp, repossessian or any other method, by any creditnr ofi Trustor or by any govemmental agency
<br /> against any property securing the Indebtedness. 7his includes a garnishment af any of Trustar's accounts,
<br /> including deposit accounts, with Lender. Hawe�er, this Event of De€ault shal{ not apply ifi there is a good faith
<br /> dispute by Trustor as ta the validity or reasonableness nf the claim which is the basis of the creditor or forfeitura
<br /> proceeding and if Trustor gives tender written notice of the creditor or forfeiture proceeding and deposits with
<br /> Lender monies or a surety band for the creditar or forfeiture proceeding, i� an amount determined by Lender, in its
<br /> sole discretion, as being an adequate reserve or bond for the dispute.
<br /> Breach of Other Agreement. Any breach by Trustor �nder the terms of any other agreement between �rustor antE
<br /> Lender that is not remedied within any grace period pro�ided therein, including without limitation any agreement
<br /> concerning any indebtedness or other o6ligation of Trustor to Lender, whe#her existing now or later.
<br /> E�ents Affecting Guarantar. Any of the preceding events occurs wiYh respect to any guarantor, endorser, surety,
<br /> ar accommodation party of any of the Indehtedness or any guarantor, endarser, surety, or accommodation party
<br /> dies or becomes incompetent, or revokes or disputes the velidity of, or lia6ility under, any Guaranty of the
<br /> Indabtedness.
<br /> Adverse Change. A materia[ adverse change occurs in Trustor's financial conditian, or Lender 6elieves the
<br /> prospect af payment or per#ormance of the Indebtedness is impaired.
<br /> Insecurity. �ender in good faith believes itself insecure.
<br /> R]GMTS AND RFMEDIES ON DEFAUI.T. if an Event of Default occurs under this �eed of Tr�cst, at any time thereafter,
<br /> Trustee or Lender may exercise any one or more of the following rights and remedies:
<br /> Aoceleration Upon Default: Additional Remedies. If any E�ent of L7efiault occurs as per the terms of the Note
<br /> secured hereby, Lender may dedare all Ir�dehtedness secured by#his Deed of Trust to be due and payable and
<br /> the same sha[I thereupon 6ecame due and payable without any presentment, demand, protest or notice of any
<br /> kind. Thereafter, Lender may:
<br /> (a} Either in person or by agent, with ar without bringing any action or proceeding, or by a receiver
<br /> appointed by a cour€ and without regard to the adequacy of its security, enter upon and take possession
<br /> of the Property, or any part thereof, in its own name or in the name of Trustee, and do any acts which it
<br /> deems necessary ar desirable to preserve the value, marketa6ility or rentability of the Property, or part of
<br /> the Property or interest in the Property; increase the income from the Property or protect the security of
<br /> the Property; and, with or without taking possession of the Prop�rty, sue for or otherwise collect the
<br /> rents, issues and profits of the Property, including those past due and unpaid, and apply the same, 9ess
<br /> cosfis and expenses of operatian and colfection attorneys' fees, to any indabtedness secured by this Oeed
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