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��14�7753
<br /> ��ED �F T�:UST
<br /> r
<br /> �C����n��d} Page 4
<br /> Taxes. The following shal� constitute taxes to which this sectivn appl�e�: �1} a �pecific tax upan this type of
<br /> De�d af Trust or upon all ar any part pf the ind��tedness secured by� this Deed pf Trust; 42} a specifi� tax on
<br /> T�ustor which Trus#or is autho�ized or r�quir�d to deduct f�om paymsnts an th� Indebtedness secured b�this f�pe
<br /> vf Deed af Trust; �3} a tax an this type o�❑eed of T�ust charg�abl�against the Lender ar the ho�der of the Nate;
<br /> and (4} a specifc#a�c on a�l ❑r any portian of the lndebtedness or on payments v�'principa! and interes#made by
<br /> Trustor.
<br /> 5ubseq�ent Taxes. I� any tax to which this seGtiora applies is �nacted subsequent to the da�e vf thEs D�d a�
<br /> Trust, this ���nt shall ha�e the sarr� e�f��t as an EWer�t o� F3efau�t, and L±�r�der may exe�cise any or al! v� i#s
<br /> a�aila�le r�medfes for an E�ent of Detaulf as prvuided below unl�ss Trustor either �1} pays �he tax before it
<br /> be�omes d�linquent, vr (�} cont�s�s the tax as pr��ided abo�e in the T�c�s and Lier3s secti�n and depvsits with
<br /> Lender�as�or a sufficient eflrpQrate surety bvnd or��her�ecurity�atisfactary to Lend�r.
<br /> �ECURITY AG�������`; FI������G STAT��ENT�, The �ollvirving provEsions relating fv this Deed of Trust as a
<br /> se�urity agr�ement are a part o�this ❑eed flf Trust:
<br /> Security Agr�ement. This ins#�um�n� shall cons�itute a 5ecurity �4greem�nt to the extent any of the Praperty
<br /> const�tu��s fxtur�s, and Lender shali have all of the ri�hts vf a secured party under the Uniform Commercial Code
<br /> as amended trom time to time.
<br /> 5ecurit�► lnteres�. �pon r�quest by Lender, Tru�ta� shall take wh�tev�r ac#ion is reques�ed b� Lend�er ta perfect
<br /> and continue Lender's security interest in the Personal Proper#y, ln addition to recarding this ae�d of Trusfi in the
<br /> real pro�er�y re�ords, Lender may, at any tim� and wif�hout further autho�ization f�om Trustor, fiEe execu��d
<br /> �vunterparts, copies ar �eproductions of this D�ed of Trust as a finan�ing sta�ement. Trus#or shall reimbu�se
<br /> Lender for all expenses incurr�� in p2rfecting or continuing this security in�eres�t. lJpon default, Trustar shal! nat
<br /> r�move, se�er or detach the P�rsona� Property from the Praperty. Upon d�faul#, Trustor shall ass�mble any
<br /> Personal Praperty naf a�ixed to the Property in a manner and at a place re�sonably convenient to Trustor and
<br /> Lender and make i# a�ailabEe to Lender within three (3} day� a�fter receipt of wr�tten demand from Lender to the
<br /> extent perrnit�ed by applicabl�e Iaw.
<br /> AddressQs. Tl�e mailing addresses �vf Trust�r �dehtor} and L�nder �secur�d part�r} frvm which information
<br /> canc�rning th� security int�res#granted by this Deed of Trus� ma� be vbtained �each as req�ired �y fhe Unifvrm
<br /> Cnmmercial�ode}are as s�ated �n the first page of this Deed af Trust.
<br /> FURTHER ASSURA�I�ES; ATT�F�NEY-fN-FA�T. The fvllawing pra�visions r��atin� to fur#her assurances and
<br /> attarney-in-fact are a part af this Deed❑f Trust:
<br /> Fur�her Assuran�gs. At any time, and fram time t�tirne, upvn reques�o�F Lende�r,Trusta�vvill make, e�ecute and
<br /> delTu�r, ar will cause t�be made,executed or deli�ered,to Lender or�v Lend�r's designee,and wh�n reques�ed by
<br /> Lender, cause#a be fled, recarded;refiled, or r�re�orded, as the case may� be, at such times and in such vfFces
<br /> and p�aoes as Lend�r may deem appropriat�, an�y and��I such martgages, deeds o�trust, security de�ds, s�ecurity
<br /> agr�ements, financin� statements, cantinuati�n s�atemen�s, in�truments �f fur�h�r assuranoe, c�rtifica��s, and
<br /> ��h�r dacuments as may, in the sal�vprnion of Lender, be neoessary ar desirable in order to effec�uate,ovmplet�,
<br /> perFect, ovntinu�, ar pre�erve {'1} Trus#o�'s v�l�gativr�� under�h� Nv#e, th�s Deed of �rWst, and the Related
<br /> D�cuments, and (2} tMe liens and security inter�s�s�r�ated by this D�eet�of Tru�t as first and priar�iens❑n the
<br /> Praperty,whether naw vwned or hereafter ac3quir�d b�Trus�Qr. Unl�s�prahibi�ed by law or Lende�agrees tv the
<br /> cantrary in wri�ing, Trus�ar shall r�irr�ur�e Lender far all casts and expense,� incurred in connectivn with the
<br /> matters r�fe�red to in this para�raph:
<br /> Attorney-in-Fact. I�Trust�r fa�ls t� d��ny c�f the thing�referr�d ta in the pr�ceding pa�agraph, Lender may do sa
<br /> for and in the name of Trustor and at T�us�or's�xpense. For�uch pur�poses, Trust�r hereby ir��vo�bly appoints
<br /> Lender as�rust�r`s a'�orney�i n-fact far the purpase��F inal�ing,ex�cuti ng, del i�eri r�g, fi I i ng, rec�rdi ng,ar�d doi ng al I
<br /> other things as may be n�oessary vr desirable, in Lender's sote opinian, to acc�mpl'rsh the matters rsf�rred�� in
<br /> the preceding parag�apM.
<br /> FU�.L PERF�R��NCE. E� Tru�tor pa�s all the Inc�ebt�dness when du�, and �therwise performs all the �bliga�ivns
<br /> imposed upon Tru�tor ur�der this Deed of Trus�, Lende� shal� exe�ut� and del��er to Trustee a r�ques� �or fu11
<br /> reoonW�y�noe and shall ex�cute and�eliver to Trustar suita�le sta�ements vf t�rrr�inatiQn af any financing stater��nt on
<br /> f�e e�iden�i�g Lender's securityF interes�in�he R�nts and fih�Persvnal Praperty. Any r�can�eyanoe fee requirec�by law
<br /> s�all be paid by Trustor, if pe�mitted by appiir,able law.
<br /> E11ENT5 �F DEFAULT. At L�nder's aptian, Trustor w��l be in defau�t under this �ed vf Trust if any vf the follo�rvin�
<br /> happen:
<br /> Paymen�Default. Trustor fiails tv make any payment when due under the Indebtedness.
<br /> Break C��her Promises. Trustar breaks any prvmise mad� to L�nder vr fails to perfvrm prvmptly �t�he time and
<br /> stri�t�y in#he manne�pro�ided in this I�eed of Trust ar in ar�y agr�ement re�a#ed to th�s Deed of�rust.
<br /> ��mpli�nce Default. Faifure #a ��mply with any Ather term, abligation, cavenant ar candition cvntained in this
<br /> D�ed vf TrWst,#he Note�r�n any of the Related Docurnent�.
<br /> ❑�fault an C�ther Payments. Fa�lur�of Trusto�oivithin the time required�y this Deed �f Trust�v rn�k�an�r payment
<br /> for taxes or insuranc�, vr any�ther payment n�ecessary t� preven#filing of or fo effect dis�harge vf any�ien.
<br /> ��fa�lt in �a�ar�f T'hi�d P�rt�e�. �hould Gr�ntor de�ault under any laan, exten5ion o� credit, security agreemer�t,
<br /> purchas� o�sales agreeme�t, vr any ather agr�ement, in favar o�any otner creditor ar persor� that may r�aterially
<br /> a�fe�t any �f G�an�ar's proper�ty{ ar Grantar's abi�ity to repay the lnd�h�ed�ess or G�ant�r's a�ility to perform
<br /> G�ar�to�'s o�l�gations under tk��s�]eed of Trust or any o�th�Related DocWments.
<br /> Fa[se Stax�ments. Any representation or statement made ar f�rnished#n Lender by Trustar vr on Trust�r's behalf
<br /> under this De�d �f Trust�r the F��erated ❑ocum�ents is false or misleading in any material respec�, ei�her nvvu or�t
<br /> �he tim�made or furnish�ed.
<br /> Defect9ve ��1lateral�zatian. This ❑eed of T�ust or any of the Related Do�uments ceases to be �n fu�� force and
<br /> eff�ct �includ�ng faiiure �f any collateral document to create a valid and perfected security interest or lien} at any
<br /> time and�For any reasan.
<br /> �eath vr Insol�ency, Th�e death o�Tru�tor, the insolvency of Tr�ustor,the��ppointmen#vf a receiver far any part of
<br /> Trusfor's property, any assignment for the beneft of creditors, any type v� c�edit�r warkvu#, ❑r #h�
<br /> �ommencerx�ent vf any proce�ding un�der any�ankruptcy o�insvlv�ncy lairvs by or against Trust�r.
<br /> 'faking af�h� Praper�y. Any creditor ar g�vernmer�t�l a�ency tries tn take any of the P�vpe�ty or any other of
<br /> Tru�for's property in which Lender has a lien. This includes taking c�f, garnishing �f vr levying vn �rustar's
<br /> accvunfs with Lender. Howe�er, ifi Trust�r disputes in goad �aith whe�her the cfaim �n �uhich #h� taking of the
<br /> �raperty �s based is �alid o� reasonable, an�d if Trust�r gi►ves L�nd�r ►n�ritten nvtic� v� the claim and furnis�es.
<br /> Lender►n►i#h monies ar�surety bvnd satisfactary tfl Lender t�sa�isfy the ciairn,then th�s default prv�ision will not
<br /> apply.
<br /> 6reach v�C3ther Agreement. A�y brea�h by Trustor under�he terms o��ny o#her a�reement be�ween Trustar�nd
<br /> L�nder�ha�t is not r�medied within any grace �eriod �ro�ided therein, inc�uding withput lim�tattan any agreement
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