��14����3
<br /> DEED �F TRUST
<br /> Loan N�: 11113D53 �Continued} Page 4
<br /> Current Taxes, Fees and Charges. Up�n request by Lender, Trustar shall execute such documents in addition to
<br /> this Deed of Trust and take whate�er other actian is requested by Lender to perfect and continue Lender's lien on
<br /> the Real Property. Trustar shall reimburse Lender for all taxes, as des�ribed below, to�ether with all expenses
<br /> incurred in recordin�, perfectin� or continuin� this Deed of Trust, includin� without limitatian all taxes, fees,
<br /> documentary stamps, and other�harges for recording or re�isterin�this Deed of Trust.
<br /> Taxes. The following shall constitute taxes to which this section applies: (1} a specific tax upon this type of
<br /> Deed of Trust or upon all or any part of the Indebtedness se�ured by this Deed of Trust; (2} a specific tax on
<br /> Trustar which Trustar is authorized or required to deduct from payments on the Indebtedness se�ured by this type
<br /> of Deed of Trust; (3} a tax on this type of Deed of Trust�hargeable against the Lender or the holder of the Note;
<br /> and (4} a specific tax on all or any partian of the Indebtedness or on payments of principal and interest made by
<br /> Trustar.
<br /> Subsequent Taxes. If any tax to which this section applies is ena�ted subsequent to the date of this Deed of
<br /> Trust, this e�ent shall ha�e the same effect as an E�ent of Default, and Lender may exer�ise any or all of its
<br /> a�ailable remedies for an E�ent of ❑efault as pro�ided belaw unless Trustar either (1} pays the tax �efore it
<br /> be�omes delinquent, or (2} cantests the tax as pro�ided ab��e in the Taxes and Liens section and deposits with
<br /> Lender�ash or a sufficient corporate surety bond or other security satisfactary to Lender.
<br /> SECl1RITY AGREEMENT; FINANCING STATEMENTS. The following pro�isions relatin� to this Deed of Trust as a
<br /> security agreement are a part of this Deed of Trust:
<br /> 5ecurity Agreement. This instrument shall constitute a Security A�reement to the extent any of the Property
<br /> canstitutes fixtures, and Lender shall ha�e all of the rights of a se�ured party under the Uniform Commer�ial C�de
<br /> as amended from time to time.
<br /> 5ecurity Interest. Up�n request by Lender, Trustar shall take whate�er actian is requested by Lender to perfect
<br /> and continue Lender's security interest in the Rents and Pers�nal Property. In addition to recording this Deed of
<br /> Trust in the real property records, Lender may, at any time and without further authorization from Trustar, file
<br /> exe�uted caunterparts, �opies or reproductions of this Deed of Trust as a financin� statement. Trustar shall
<br /> reimburse Lender for all expenses incurred in perfectin� or continuin� this security interest. Up�n default, Trustar
<br /> shall not remo�e, se�er or detach the Pers�nal Property from the Property. Up�n default, Trustar shall assemble
<br /> any Pers�nal Property not affixed to the Property in a manner and at a pla�e reas�nably con�enient to Trustar and
<br /> Lender and make it a�ailable to Lender within three (3} days after receipt of written demand from Lender to the
<br /> extent permitted by appli�able law.
<br /> Addresses. The mailing addresses of Trustar (de�tor} and Lender tse�ured party} from which infarmatian
<br /> concerning the security interest granted by this Deed of Trust may be o�tained �ea�h as required by the Uniform
<br /> Commer�ial C�de� are as stated on the first page of this Deed of Trust.
<br /> FURTHER ASSl1RANCES; ATT�RNEY-IN-FA�T. The following pro�isions relatin� to further assuran�es and
<br /> attarney-in-fact are a part of this Deed of Trust:
<br /> Further Assurances. At any time, and from time to time, upon request of Lender, Trustar will make, execute and
<br /> deli�er, or will �ause to be made, exe�uted or deli�ered, to Lender or to Lender's designee, and when requested by
<br /> Lender, �ause to be filed, recorded, refiled, or rere�orded, as the �ase may �e, at such times and in such offices
<br /> and pla�es as Lender may deem appropriate, any and all such mort�a�es, deeds of trust, security deeds, security
<br /> agreements, financin� statements, cantinuatian statements, instruments of further assuran�e, certificates, and
<br /> other documents as may, in the s�le opinion of Lender, be ne�essary or desirable in order to effectuate, complete,
<br /> perfect, cantinue, or preser�e (1} Trustor's o�li�ations under the Note, this Deed of Trust, and the Related
<br /> ❑ocuments, and (2} the liens and security interests �reated by this Deed of Trust as first and prior liens on the
<br /> Property, whether now awned or hereafter a�quired by Trustar. Unless prohibited by law or Lender agrees to the
<br /> cantrary in writing, Trustar shall reimburse Lender far all casts and expenses incurred in connection with the
<br /> matters referred to in this paragraph.
<br /> Attorney-in-Fa�t. If Trustar fails to do any of the thin�s referred to in the pre�eding paragraph, Lender may do so
<br /> for and in the name of Trustar and at Trustor's expense. For such purposes, Trustar hereby irre�oca�ly appoints
<br /> Lender as Trustor's attarney-in-fact for the purpose of rnakin�, executin�, deli�ering, filing, recordin�, and doing all
<br /> other thin�s as may be ne�essary or desirable, in Lender's s�le opinion, to accomplish the matters referred to in
<br /> the pre�eding paragraph.
<br /> Fl1LL PERF�RIIAANCE. If Trustar pays all the Indebtedness, includin� without limitatian all future ad�an�es, when due,
<br /> and ❑therwise performs all the o�li�ations imposed upon Trustar under this Deed of Trust, Lender shall execute and
<br /> deli�er to Trustee a request for full re�on�eyan�e and shall execute and deli�er to Trustar suita�le statements of
<br /> termination of any financin� statement on file e�iden�ing Lender's security interest in the Rents and the Pers�nal
<br /> Property. Any re�on�eyan�e fee required by law shall be paid by Trustar, if permitted by appli�able law.
<br /> EVENTS �F DEFAl1LT. Each of the following, at Lender's aptian, shall constitute an E�ent of ❑efault under this Deed
<br /> of Trust:
<br /> Payment Default. Trustar fails to make any payment when due under the Indebtedness.
<br /> 4ther Defaults. Trustar fails to comply with or to perform any other term, obli�ation, co�enant or canditian
<br /> contained in this Deed of Trust or in any of the Related Documents or to comply with or to perform any term,
<br /> obli�ation, co�enant or canditian contained in any other agreement between Lender and Trustar.
<br /> Campliance Default. Failure to comply with any other term, obli�ation, co�enant or canditian contained in this
<br /> Deed of Trust,the Note or in any of the Related ❑ocuments.
<br /> Default on Qther Payments. Failure of Trustar within the time required by this Deed of Trust to make any payment
<br /> for taxes or insuran�e, or any other payment ne�essary to pre�ent filing of or to effect dis�harge of any lien.
<br /> Default in Fa�or of Third Parties. Should Grantor default under any Ioan, extension of credit, security agreement,
<br /> pur�hase or sales agreement, or any other agreement, in fa�ar of any other creditar or person that may materially
<br /> affect any of Grantar's property or Grantar's ability to repay the Indebtedness or Grantar's ability to perform
<br /> Grantar's o�li�ations under this Deed of Trust or any of the Related ❑ocuments.
<br /> False Statements. Any warranty, representation or statement made or furnished to Lender by Trustar or on
<br /> Trustor's �ehalf under this Deed of Trust or the Related Documents is false or misleading in any material respect,
<br /> either now or at the time made or furnished or be�omes false or misleading at any time thereafter.
<br /> Defecti�e Collateralization. This Deed of Trust or any of the Related Documents �eases to be in full farce and
<br /> effect (including failure of any collateral document to create a �alid and perfected security interest or lien} at any
<br /> time and for any reason.
<br /> Death or InsolWency. The death of Trustar, the insol�ency of Trustar,the appointment of a re�ei�er for any part of
<br /> Trustor's praperty, any assignment for the benefit of creditars, any type of creditar workout, or the
<br /> commencement of any pro�eeding under any bankruptcy or insol�ency laws by or against Trustar.
<br /> Creditar or Forfeiture Praceedings. Commen�ement of foreclosure or forfeiture pro�eedings, whether by judicial
<br /> pro�eeding, self-help, rep�ssessi�n or any other method, by any creditar of Trustar or by any go�ernmental agen�y
<br />
|