|
��14�775�
<br /> D��D C�� 1��u��T
<br /> r
<br /> �C����nU�:�} �ag� 4
<br /> Taxes. �he follo�rving shall cvnstitu#e taxes ta which th�s sectian applies: ��} a specific tax upon this type vf
<br /> Deed af Trust ar upo� ail or any part of th� Indebtedness se��red �y thi� aeed of Trust; ��} a specific tax ar�
<br /> Trustor whi�h Trustor is authorized or requir�d to deduct tram paym�nts on the lndebtedness secured by this type
<br /> of D�ed of Trust; �3} a tax on th��type af f]eed af Trust charg�a�le against#he Lender❑r the hofder of the Nate;
<br /> and �4} a specific tax vn all or any parfivn ��fih� fndebt�dness or on payments of principal and int�rest made hy
<br /> Trustor.
<br /> �ubsequent Taxes. I� an� tax to which th�s �ectivn applies is enacted subsequ�nt ta the dafe of this Deed of
<br /> Trust, this e�ent shali ha�e �he same e�F�ct as an Event of De�aui�, and Lender may e�ce�rcisE any or all o� its
<br /> a�E�abEe remedies for an E�ent vf Default �s pro�ided below unl�ss Trustor �i�her �1} pays the tax befvre it
<br /> be�omes d��inqu�nt, ❑r t�} �ontests the tax as pro�ided abo�e�n the 7axes and L�ens section and deposi�s wi�h
<br /> Lender cash ar a su�icient cvrporate surety bond�r o�her security satisfa�tary to Lender.
<br /> SECURITY AGRE���'#ENT; FINANCING STA'TE�IENTS. The fallowing pravisivns relating t❑ this �eed of Trust as a
<br /> security agre�r��nt are a part of this C]eed�f Trust:
<br /> Security Agr���+�nt. This ins�rumer�t shaf� canstitute a �ecurity Agreement to the extent any of fhe Pr�pe�y
<br /> cons�itutes fixtures, and L�nder sha�l have a!I of the righ�ts o�a s�cured party under th� Ur�i�orm Commereial Gode
<br /> as amended from tEme ta fiime.
<br /> Security Interest. Upan request by Lend�r, Tr�stor shall take whatever action i� requested b� Lender to perfect
<br /> and continue Lender's s�curi4y 6nterest in the Personal Prapert�. In addi#ion ta �eco�ding this Deed of Trust in the
<br /> rea� prvperty r�cvrds, L�nd�r may, at �ny time and withQut further authoriza�ion fro� Tr�s#o�, file executed
<br /> counterpar�s, copi�s or r�productions af this �7eed o�F Trust as a financing s�atement, Trusto� shali reimbur�e
<br /> Lender far all expenses incurred �n per�ecting or ��nt'rnuing this security interest. Upon default, Trustor s�all nat
<br /> remo�e, se�er or detach the Persanal Prop��ty f�om the Prape�ty. L]pon default, Tru�#or shall assemble any
<br /> Personal Property nat affi�€ed to the Prvpe�y in a m�nner and at a place �sasonably convenien� ta Trus�or and
<br /> Lender and make �� available ta Lender w�thin three t3} days aft�r receipt af written demand from Lender ta �he
<br /> extent perm�tted by applicable law.
<br /> Addrssse�. The maiiing addresses afi Trustor ��debtor} and L�nder [secured party} fram which infarrnati�n
<br /> concerning the security interes�granted hy this Deed v��"rus#may be obtain�d �each �� r�quir�d by the Uniform
<br /> Cammercial�Code}are as stated on the first pa�e of this Deed of Trust.
<br /> FURTHER ASSURANCES; ATT�3RNE'Y-IN�FACT. The �allowin� prav�isians relating to fur�her assurances and
<br /> attorney-in-fact�re a parf of this Deed of Trust:
<br /> F u rther Ass u ran ces. A# any ti m�, and�'rqm time tv ti r�e, upvn request of Lender, Trus�ar wi I I make, ex�cut��nd
<br /> deli�er, or�vi�l cause to be made,ex�cuted or deli����d,to Lender or�o Lend�r's designee,and►n�f�en requested by
<br /> Lender, �aus�e tv be filed, recorded, refiled, or rerecord�d, a�the�as�may �e, at such times �nd in such v�fi�es
<br /> and places as Lender may de�m ap�rapriat�, �ny ar�d all such martga�es, d�ds v�trus�, security deeds, secW�ty
<br /> agreemen�s, financing statemen�s, cantinuation staternents, instruments of further assuranoe, certif�ates, and
<br /> o#h�r documents as may, in the s�ole apin�an c��Lender, be rte�essary or d�sirabl�in order�a�ffectuate,co�pl�t�,
<br /> perfect, cantinue, or preserve {'!} Trus�vrs obliga#ians und+er��e Not�, this Deed o� Trust, and the Related
<br /> Dvcuments, �nd [�} the l iens and securify interest� creat�f by tY�is Deed of Trust as fi rst and prior l iens on the
<br /> Property,whether now a►�►rned vr hereafter aoquir�ed by Trustor. Unless prahibited by 1aw or Lender agrees t�o the
<br /> cantrary in writing, Trustar shall reirr�u�se Lender f�r all aos#s and �xpe�ses in�urred in connectian with the
<br /> rr�atters referr�d to in this paragra�h..
<br /> Att�rn�y-in-�act. I�Trustar faiis t�do any❑f the th�n�s referred�o in the preceding paragraph, Lender may da so
<br /> f�r and in th�name❑f Trustor and at Trustor's�xp�ns�. For su�h purp��es, Trustor her�b�ir�e�ocah�y appoinfis
<br /> L�nder as Trustor`�attvrney--i�-fact�F�r the purpase o�making,executing, deli�ering, filir�g, recording, and dvin�all
<br /> other things a� may be n�ces�ary or desirable, in Lender's sale apin�vn, tv accomp�ish the matter� refer�ed ta in
<br /> the pr+�ceding paragraph.
<br /> FULL PERF�R�1AN�f. l� Trustor pa�s all the �n��btec�n�ss wh�n du�, and otherwise perfarm� all the abligations
<br /> imp�sed upon Trustor under fhis Deed �f Trust, Lend�r shall exe�ut� and d�liuer to Trustee a request f�r full
<br /> recan�eyan�ae and shafl executs and deli�er tv Trus�nr sui#able statem�nt�of t�rmination vf any financ�ng�tatemen�on
<br /> fil�e�idencing Lender's�ecuri�y intere�t in�he Ren�s�n�d the Personal Prvp��ty. Any rer�n�eyan�fee requir�d�y►Caw
<br /> shall be paid k��Trustor, i�perm�ttsd by applicabl�la�v.
<br /> E1IENTS �F DEFA�LT. At Lender's vptivn, Trustor�ril� be in�tefault under th�s Deed a�Trust if any of th�following
<br /> happen:
<br /> P�yr�ent I�efault. Trustvr fails to make any p�ym�nt when du�under#he Indebtedness.
<br /> Break �ther Pramises. Trustor br�ak� any promise rnade to Ler�der or fails to perform prvmpfly at the time and
<br /> strictl�in the manner provided in this�eed af Trust or�n any�agreennent r�lated ta this Dee�d vf Trust.
<br /> Camp�iance 13��ault. Failure to cvmply with any vther term, obliga�ian, cavenar�t ar co�dition con#ained in fhis
<br /> De�d of Trus�,the Note o�ir�any of the Rela�ed C�ocur�er��s.
<br /> �efault vn�ther Payments. �ailure o�Trustor within the time requir�d by this Deed of Trust tv make any pa�m�nt
<br /> �vr ta�es or insuranc�, or any�vther payment ne�essary�o prevent filing of or to effect discharge at anJ�fien.
<br /> Def�ult�r� Fa�ar nf Th�rd Parties. Shou�d �rantor default under any loan, exterr�ion of credit, se�urity agreernen�,
<br /> �urchase or�ales agre�men�, ar any othe�agre�men#, in favor���ny vther cred��or o�per�on that may materially
<br /> af�ect any of �rantor's pr�p�rty or Grantor's abi��ty to repay ti�e Indebt�dness or Grantvr's abil�ty to perfo�m
<br /> �ranto�'s obl�gaf'rans�an�de�this D�ed of Trust or any of the Related Doeument�.
<br /> False Statemen�s. Any r�pres�ntativn or s�atement made�r furnished to Lender b�Trus#or vr on Trustor's behal�
<br /> under th6s ❑eed vf Trust or the R�lated ❑ocuments is�alse or misleadong in any material respect, either now �r a�
<br /> the time made�r furni�hed.
<br /> Defect�e�e ��I�atera�i�ation. This Deed o� Tru�� or any of#he Reiated �acuments ceases �o be in full farce and
<br /> e�fect �including �ailure af any coliateral document to �reate a�alid and pe�Fected �ecurity interest±�r lien} at any
<br /> time and for any reasone
<br /> �ea#h or Insalrrencyr. The death af TrustQr, the insvlvency of Trustvr,the appointment vf a receive��nr any part af
<br /> Trustvr's praper�y, any assignmen� #or the bene�it of �r�ditor�, any �ype �f eredit�r vuorkvut, or the
<br /> �ornrr�en�emenf o�any pro�e�eding under any hankruptcy ar in�olvency laws by or a�ainst�rustore
<br /> Taking c�f the Property. Any �r�ditor or gvvernmental agency tries to take any af th� Property vr any ather��
<br /> Yrust�r's prapert� in v�hich L�nder has a lien. This inc�udes taki�g of, gar�ish�ng of a�- levying vn �rust�r's
<br /> accv�nt� vvith L�nd�r. H�vue�e�, i'� Trustor�ispu�es in govd faith vu�hether the c�aim an which the taking of the
<br /> F'r�perfy is based is �a1id vr reasorta�l�, and if Trus�or gives Lend�r v�rri��en noti�e of the claim and fu�nishes
<br /> L�nder with mvn�es vr a surety band satisfacto�y to Lender tv �atisfy the c�aim, then this de�ault provisivn wi1! nvt
<br /> �ppiy.
<br /> Breach�f��her►4greement. Any breach by Trustor under the terms�f any vfher agreement between Trustor and
<br /> Lender�hat �s no� rernedied v►►ithin any grace period pra�ided �herein, includ�r�g wi#hvut limitativn any agreement
<br />
|