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<br /> ��14�7751
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<br /> D��D C]�� ��U�T
<br /> �������n���} Page 4
<br /> Deed of Trust or upan all or any part vf the lr�debtedr�ess se�ured b� this Deed of T���t; ��} a specific tax on
<br /> Trustor wh+ich Trustor�is autho�ized or requir�d t❑ deduct from payments�an the Indeht�dness secured by�his type
<br /> of Deed of T�ust; {3} a tax an this type of�3eed of Trus�chargea�ie against the Lender ar the hvlder of the No�e;
<br /> and �4} �specific tax on all ar any partion �f th� lndeb#�dness �r on payme�ts of pr���ipal and int�re�t mad�by
<br /> Trust�r.
<br /> 5ubsequent Taxes. �f any �ax tv which t�is section appfi�s is enac�ed subsequent to the dat� af fhis Deed v�
<br /> T�rust, �his e��n� shatE have the same effec� as an EWent of D��auit, and L�nder may exer�ise any� or all a� its
<br /> a�railable remedies for an E�ent v� Default as pro�ided bela�v unl�ss Trustor eith�r �'I} �aays the tax �efore it
<br /> b�comes delinquent, or (2} �ontests th�e tax�s prv�rided a��e En the Taxes and Liens se�tion and deposits with
<br /> Lender cash vr a su�fi�ient r�rparate surety bond or othe�se�uri#y satis�ac#�ry tv Lender.
<br /> SECURETY A�R����;NT; FINANCI�� STATE��NTS. The fo[lawing prvvisions reia#ir�� tv this Deed of Trust as a
<br /> security�agreem�nt�re a part of this�eed of Tru�t:
<br /> 5ecurity Agreement. This instrument shall consti�ute a 5e�curity Agreem�nt to the extent any of the Prvper�y
<br /> canstitutes tixtures, and L�nder shall have all o�the rights of a secured party under the �nifocm �ammercial Code
<br /> as am�nd�d��om time�o�ime.
<br /> Security [ntsrest. 11p�n request by Lender, Trustac �hall ta�ce whatever a�tion is requ�st�d by Lender to perfect
<br /> and continue Lender's security interest in the Person�l Prop�rty. ln addition to recording fhis Deed of Trust in the
<br /> ceal propert� records, Lender ma�, at an� time and with�ut fu�tM�r autho�ization f�am Tru�tar, f�le e�ecuted
<br /> count�rparts, copie� or reproductions of this Dee� o� Trust as a finan�in� s�a#�m�nt. Tru�tor shall reimburs�
<br /> Lender�or all e�cpens�es incurred in per�ecting ar canxinuin� this security inxerest. lJpon d�fiault, Tru�tor shall nv�
<br /> remo��, sever or detach the Personal Property from the P�operty. Upon de�ault, �rust�r �hall assemble any
<br /> Persona� Prop�rty not affixed t� the Proper�y in a ma��ner and at a place reasonably convenienf to Trusfor and
<br /> Lender and make it a�a�lable to Lender within three �3} days after receipt of�vritten demand from Lender#� the
<br /> extent pe�mitted by applicahfe law.
<br /> Addres�es. The mailing addresses af Tr�ustor �debto�} and Lender �secured par�y} frorn� which information
<br /> cancerning the s�curi#y interest granted by this Deed ❑f Tru�t may be vhtained (ea�h as requiced hy fhe l�niform
<br /> �vmmercial C�d�}are a�stated nn th�e first page of th i�Deed of Trust.
<br /> FURTHER ►4SSLlRANCES; ATT�RNE1�-�N-FACT. The ��Ilowing �rovisivns rela�ing to �further assurances and
<br /> att�rney-in-fact are a par�of this Deed a'f Trust:
<br /> F u rther As:��ra n�es. At an�ti me, and from ti rr�e to�i me, �pon request a�f Lend�r, Trus#�r v►�+i l� make, execu#e and
<br /> ��!i�er, vr v►ri l l cause tv be made,execu#�d ar deli�ered,ta L�r�f�r vr ta Lend�r's designee,and when�equested by
<br /> Lenderq �aus�to t�e fl�d, record�d, refii��, or rerecorded, as the case may b�, at such times and in su+ch affces
<br /> and places as L�nder may d�em app�ap�a�e, any and ali such mor�gagesp deeds of tru�t, security de�d�, security
<br /> agr�ments, financing stat�ments, continuativn s�atement�, inst�uments of further assuranQe, certificates, and
<br /> �ther documents as ma�, in�he�ole❑pinion af L�nder, be necessary ar de�irable in order ta efFectuate, c�mpl�te,
<br /> p��f�ct, cr�ntinue9 or pceserve ��� Trus�vr's vbli�ations under the �lote, this Deed o�f Tr�us�, and �the Related
<br /> Docum�r�#s, and 4�} the liens and security inter�sts r�reated h�y th�s Deed vf Tru�t on the Propertyr,wheth�r naw
<br /> owned a� h+ere�afk��aoquired by Trus�ar. Unies� prohibite�i by �aw a� Lertider agre+e�to the cont�ary irr writing,
<br /> Tru�t�r shall reirr�urse Lender fvr a�l costs and expens��n�urred in�vnnectivn with#he m�tters referred�o in this
<br /> paragraph.
<br /> Attvrney-in-Fact. ��Tru�tor�aifs#o dv any vf the thin�s referred to ln the preceding �aragraph, Lender may do sv
<br /> for and in�h� n�r�vf Tru��or�nd�t Tru��4r'��xp�ns�. For�uch purpQ��s, Tru�tor hereb�l irrevacably ap�oints
<br /> Lerrder as Trustnr's attorney-in-fact fvr�h�e purpose�f rr�aking,e�ecuti ng, de!i��ri ng, fi I i ng, record�ng, and dvi ng al I
<br /> ather things as may h� ne�ssary��r�esirable, �n L�nd�r`s sale❑pinion, to accomplish fhe matter� referred to in
<br /> the pre�eding paragraph.
<br /> F�JLL PERfQ,��ANCE. �� Trust�r pays all the Indebtedn� when due, and a�herwi�e performs aIl the �bl�gatians
<br /> imposed upon T�us�or under this Deed of Trust, Lerx�er shall execute and d�liu�r to Truste� a �equ�st fo� �ul!
<br /> recanveyanc�and�hall execute and deliver to Trustvr suita�le statemen��af termination of any fina�cing statemer�t an
<br /> file eviden�ing Lende�'s�ecurity interes�in the Rents and�he P�rsonal Properky. Any recon�eyance fee required by law
<br /> shall k�pa�d by Trus�or, if perm�tt�d b�applicak��e law.
<br /> E'�1VTS E�F ❑EFAULT. At Lender's c�ptian, Trustar wi�l be in default und�r this Deed v�Trust if any of the�ollowins
<br /> happen:
<br /> Paym�ent Default. Trustor f�ils ta mak+e any payment►n�hen due under the lndebtedness.
<br /> �r�ak ather IPromises. Trus#�r breaks any prflmEse made to Lender or fails tv �erF�rm prvmp�ly at the time and
<br /> s#ri�tfy in the rr�anner provided in this Deed af Tru�t or in any ag��ement r�lated to this C3��d vf Trust.
<br /> Comp�iance ��fault. Failur� ta comply wi�� any ath�r �erm, ❑bli�atian, covenant ar con�dition contain�d in #his
<br /> I��ed a�Trust,the hlote vr in any of�he Rela�ed Documents.
<br /> Default s�n Qther Pa�.��ent�, Failure af Trustar within the time required hy this Deed a�Trust to make�n�payment
<br /> far taxes ar in�urance, or any other�ayrnent necessa�l to prevent f�fing �f or tv effect discharg��f any liera.
<br /> !]efault in Fa�vr�f Th�rd Parties. Shou�d Grant�r��fault und�r any 1�an, �x�ensEan of credit, se�urity�gre�m2nt,
<br /> purchas� ar s�les agreement, or an�a#her agreement, in fa�ror af any other�r�dit�r vr person that ma�materially
<br /> �ffect an�r o� Grantorps prop�r�y or Granto�'s ability to repay #�e lndebfedness or �ran�or's abi�ity to p�r�orm
<br /> ���n#o�'��bE��a�6ons�ande�this Deed of'�'rust or any o�the R�fated aQcumen�s.
<br /> False Statements. Any repr�s�ntativn or�tatement ma�e�vr fu�nished t� L�nder by Trustnr�r�n T�t�star'� b�half
<br /> und�r th�s Dee�d vf��ust ar the Related poeurnents is false or rr�islead�ng in any materiaf r�sp��t, �ither r�ovu� ar at
<br /> #h��irne�nade�r�urnished.
<br /> Def�cti�� G���a#eralizatior�o This ❑eed of T�usfi or any of the Related C�acuments ceases to be in full force and
<br /> effect �includin� faiiure of any cvllateral document to create a valid and perfected �ecurity int�r�est �r fien} at any
<br /> time and�o�ar�y re�son.
<br /> Dea�h v�lnsvlrr�ncy. The death vf Trustvr, the insoluency�f Trustvr,the appvintment of a receiver for any part of
<br /> Trusgor's �rvperty, any a�s�gnment for th� benefit �� creditors, any type of creditor v�rorkout, n� th�
<br /> c�m��nc�ment�►�any proceedin� under any bankruptcy vr�r�solven�y iaws by ar against Trusto�.
<br /> T�k�ng �#the Prc�per�. �Any �reditor or gv�ernmental agen�y tries t� take an� vf the Prop�rty vr any �fher vf
<br /> Trustv�°s prvpe�ty in which L�nder has a lien. This includes �aking of, gar�nishing of o� ievying an T��stvr's
<br /> acco�unts v�rith Lender. Horiv��er, if Trus#ar disput�s in good faith wh�ther the claim on v�hich #he taking v�'th�
<br /> Pro�perty is based is �alid �r reason�ble, and if Trustvr gives Lender writt�:n notice vf �he c�aim and �urc�ishes
<br /> Lende�►iv it� man�es�r a su rety bond satisfacto ry�o Lender to satis�th�claim, th�n th is defau�t prvvisi�n w ill n at
<br /> appCye
<br /> �reach of�ther agreemen�. Any br�a�h by�'rustvr under the te�ms�f any othe���re�ment k�et�nree�Trustor and
<br /> L�nder that i� not remedied within any grace perivd provided #herein, �ncludrng withvufi �imitativn any agreement
<br /> concerning any indebtedness a�vther o�ligativn of Trustv�to Lend�r,whether exis#ing ���v vr la�er.
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