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<br /> �EE�3 �3F TF�U�1'
<br /> La�n Nv: �7���9�7� ����7t��1u�C�� Page 4
<br /> proceeds o�fihe award shaII mean th� award after paymen���alI reasonab�e costs, e�cpenses, and attorneys' fees
<br /> �ncurred by Trustee or Lender in connection with�he candemna�i�n.
<br /> �MP�S�TI�N QF T��CES, FEES AND GHARGES B1C ��VERN�1liENTAL AUTH�R1TlES. The fo�Io�ing provisions re�a�ing
<br /> to governmen�a�taxes, fees and charges are a part of this�eed of Trust;
<br /> Curren�Taxes, Fees and Charges. Upan reques� by Lender, Trus�or shalf ex�cu�e such documents in addi�ion �o �
<br /> �his Deed o�Trust and take wha�teWer a�her ac�ion is requested by Lender�o perfect and �on-t�nue Lender's lien on
<br /> the Rea� Proper�y. Trustor shall reimhurs� Lender for all tax�s, as described be�ovv, toge�her with ali expenses
<br /> in�ur�-ed in recoreling, p�r-��c�ing or continuing this �ead of Trust, inc�uding �vi�haut I�mitation a�! fiaxes, �e�5r
<br /> documentary stamps, and ather cnarges�or recarding or regis�ering this Deed of T�rust.
<br /> Tax�s. The ���Iowing shaif consti�ute taxes to which this sect�an applies: ��� a specific i�ax upon thi� type of
<br /> Deed of�I�'rust or upon all a� any part o��he �ndebtedness secured b}� this Deed of Trust, t2} a specific tax on
<br /> Trustor inrhich Trus�or is autharized or requ�red�❑ deduct�rrom payments ❑n�he lndebtedness secured by�this type
<br /> o�r�eed a�F�rust; �3� a tax on�his type of D�ed o�Trust chargeable against�he Lender or the holder vf the Credit �
<br /> Agreemen�; and �4) a spe���ic tax on all or any portion of.the lndebtedness or on paymen�s �f principal and
<br /> �n�e�es�made by Trus�or.
<br /> Subseque�� Taxes. �� any tax �o vtirh�ch �his s�ctfon app�ies is enacted subsequ�n-� ta �he date of -�his Deed af
<br /> Trust, this event shal� ha�re th� same ef�ec� as an E�ent of D�fault, and Lend�r may ex�reis� any or aI� o� its
<br /> a�ai�abfe remedies for an Event of Defau�t as provided b�low unl�ss Trustor either {�} pays �he -�ax befo�e it .
<br /> hecomes de�inquen-�, or 4�} contests the tax as pro�ided abo�e in the Taxes and Liens s�ction and depos��s with
<br /> Lender cash�r a suffic€en�corpora�e surety band or other security sa�is�Fac�ory to Lend�r.
<br /> SECU�ITY AG�EEMENT; F[NANC�NG STATE�lENTS. The �o��awing prov�s�ons relating �o �his �eed of Trust as a
<br /> securi�y agreement are a part o�this I���d of Trust:
<br /> 5ecuri�y Agreemenfi. Th�s instrument sha�� cons�itute a S�euri�y Agreement ta the extent any a� the Property
<br /> consti-�u�es �ixtures, and Lender sha�� haWe aIl o�the rights b�a secured party urider the Uni�orm Commercia� C�de
<br /> as amended�rom tfine to�ime.
<br /> Securi�y Interest, Upon request by Lend�r, Yrustor shafl talce whate�er ac�ian is reques�ed by Lent�er to per�ect
<br /> and c�ntinue L�nder's s�cur�ty interes� �n the Personal Praperty. 1n addition ta recording �his Deed a�Trust in the
<br /> real property r�cvrds, Lender may, a� any time and withou� further aufihor�za�ion from Trustor, fi�e executed
<br /> coun�erparts, copies or reproductions v`� this Deed of Trust as a �inanc�ng s�a-tement. Trusto.r sha�� reimburse
<br /> Lender �ar al� expenses €ncurred in per-�ecting or continu�ng -�his security interest. �pon de�au�t, Trustor shal[ not
<br /> remvve, seve� o� detach th� Personal Property �rom �he Praper�ty. Upon defau[t, T�ust�� shall asse:mble any
<br /> Persona� Proper�y no� af�ixed to the Property in a manner and at a p�ace reas�nahly convenien� to Trus�or and
<br /> Lender and make it a�aiiable �v Lender within three {3} days a�Fter r�c�ipfi o� vuri�ten dem�nd from Lender�o the
<br /> extent permi��ed by applicab[e lav�r.
<br /> Addresses. The mailing addresses o� Trustor �debtor} and Lender �secured party� from v�rhich inf�rmat�on
<br /> concerning �he security in�er�st gran�ed by�his L7eed o�Trusfi m�y be obta3ned �each as required by the Un��orm
<br /> Commercia_I�ads� are as sta�ed on the first page o�F this Deed of Trust.
<br /> F�1RTH�l� ASSLIRANCES; a4TT�RNEI�-�N-FACT. The follawing provisians re�a�ing �o �ur�her assurances and
<br /> a�ttorr��y in-�aGt are a par�of this Deed of Trus�:
<br /> Further Assurancss. At any time, and �From �ime to time, upan reques� of Lender, Trustor wi[[ make, execu�e and
<br /> deliv�r, ar wifl cause�o be rnade;execu�ed or deliWered,�o Lender or to Lender's designe�, and vyhen rea�uest�d by
<br /> Lend�r, cause to �ae fi�eci, recorded, refi�ed, or rerecarded, as �he case may be, at such times and in such of-Fic�s
<br /> and p�ac�s as Lender may deem appropriate, any and ai! such mor�gages, deeds o�trust, security deeds, securi�y
<br /> agreements, financ�ng sta�ements; con�inuat�on staternents, instrumen�s af further assuran�e, certi�icates, and
<br /> o�her docurrien�s as may, in the sole opinion o�Lender, be necessary or des�ra�le in arde�-�o ef�ec�uate, comple�e,
<br /> per�ec-�, �on�inu�, or preser�e �1} Trust�r's obligations under th� �redit Agreement, this De�d ��Trust, and �he
<br /> Re�a�ed �ocumen�s, and t2� �he [iens and securi�y in�erests created by this ❑eed of Trust an the P�-aperky,
<br /> �nrhether nov�r ov�r'ned or hereafter acquired i��r Trustar. Unless prvhibited by[aw or Lender agrees to the contrary in
<br /> writ�ng, Trustar shall reimburse Lend�r f�r all c�sts and expenses incur�ed in �onnec-�ivn wi�h fihe ma�ters referred
<br /> tv in this paragraph.
<br /> �lttvrney-in-Fac�. I�Trustor fails�o da any❑f�he�h�r��s re�erred �o in�he preeeding paragraph f Lender may do so
<br /> for and �n ��e name of Trustor and at Trustor's �;xpense. F�r such purposes, Trustor hereby irrevocab[y appoin�s
<br /> Lender as Trus�or's a�to�ney--in-�ac�for�he purpose o� makir�g, �xecu�ing, deii�ering, �i[ing, record�ng, and doing ali
<br /> ❑ther things as may be necessary vr des.irab[e, in Len�er's sole opinion, �a accomplish �he matters referred to in
<br /> the preceding paragraph.
<br /> FULL PE�F�RIUTANCE. �f Trus�or pays all the Indeb�edness when due, �erm�na�es the credit line accoun�, and otherwise
<br /> � performs a[l the obliga�ions imposed upan Trus�vr under th�s Deed o�Trust, Lender sha�� execute and deiiver�o Trustee
<br /> a rec�uast �ar �u�f recon�eyance and sha�I execute and de�i�er �o Trus�or sui�able s�at�ments of �erminat�on nf any
<br /> �inanc�ng s�a��ment an �ile e�iden�ing Lender's security interest in �he Ren�s and the P��-sona� Property. Any
<br /> reconveyan�e fee requi��d by law shall be paid by T�ustor,if permitted by applicable ialrv.
<br /> EVE11�T5 �� DEFAULT. Trustor will he in de�auI� under this Deed o�Trust if any o��he�olio�rving happen: �A} Trus�vr
<br /> cornmits fraud or �-r�akes a mater�al misrepres�n�ation at any�ime �n conne�tion with the �redi-��4greemen�. This �an
<br /> include, �or examp��r a false sta�ement abvu� Trus�or's income, aSSE.�Sr liabilities, or any athe� aspec�s of Trustor's
<br /> �inanc�a[ condition. �B} Trustor does no�meet the re.payment terms af the Credit Agreement, (C� Trr�s�or's ac�i�r� or
<br /> Fn�ction ad�ersely af�ec�s -�he c�ifa�eral or Lender'� rights ;n the co��a�eral. This can inciude, �or examp�e, failure to
<br /> main�ain required insurance, vsraste or dest�uctive use of�tne dwel[ing,�aiiure�o pay taxes, death o�a[l persons [iable vn
<br /> �he ac�oun�t, trans�er of �it�e a� sa€e of the dwelling, creation of a senior lien on the dwe�[ing v�ri�hout Lender°s
<br /> permissior�,-Farec�osure�y�he ho[der ot ano�h�r lien, a�-the us�of�unds or the dwel�ing for prohibited purposes.
<br /> �gGHTS AND REIUIE�lES (]N DEFAULT. [f an E�enfi�� Defauft occurs under this ❑eed o�T�ust, a� any�sme therea�er,
<br /> Trustee ar Lender may exercise any one or more o�the��[I�wing righ�s and remedies,
<br /> Accelea�a�ion Up�n Defaul�; Addition�� Remedi�s. lf any E�en�o�Defau[t occurs as per th�terms of-�he Cred��
<br /> Agr�em�n-�secure� hereby, Lend�r may dec[are a�[ lndebtedness secured by this Deed o�F Trust�a be due and
<br /> payable and fihe same sha[l thereupon become due and payable without any presen�men�, demand, pratest or
<br /> notice o�a'ny[�ind. The�eaffter, Lender may:
<br /> {a} Either in pers�n vr by agent, with ar w�thoufi bringing any ac�t�an �r pro�eedin�� vr }�y a receiver
<br /> appo�nteci by a caurt and vvithout regard tv�he adequacy Qf i�ts securitya er�ter upan and take �possession
<br /> o�the Property, or any par�thereo-F. i�n ��ts own raame �r in the name af Trus�eer and dv an�acts which i�
<br /> deems necessary ar desirable to preser�e th��alu�, rr�ai�ketabili�y or rentabi[ity�f the Pr�perty, or part vf
<br /> the Praperty or interest in the Property; increase �he income �ram �he Propert�or pr���c�the security o�
<br /> t'he P�operty; and, wit'h or withvu� �a[cing possess�on o� the Prvperty, su� for o� otherv+iise collect the
<br /> ren�s, issues and pro�i�s of the P�aperty; including �hvse past due and unpaid, and apply�he same. (ess
<br /> costs and exp�nses o�operativn and callec�tion at�orne�s' f��s,to any ind�btedness s�cured by�his Deed
<br /> of Trus�, all in such order as Lender may determine. The enterin� upon and taking pvssessian of the
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