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��15��545
<br /> �EE� �F -rRus�
<br /> L�an I�a: �I�'I���39�2 tCorltMr�ued� Page 5
<br /> this Deed a�Trust and take whate�er other action is requested by Lender tQ perfect and continue Lender's lien �n
<br /> the Real Property. Trus�ar shall reimburse Lender �or all taxes, as described laelaw, together with all expenses
<br /> incurred in recor�ing, perfecting or continuing this Deed o� Trus�, including withou� limi�ation all taxes, �ees,
<br /> documentary stamps, and oth�r charges for recording �r registering�this D��d of Trust.
<br /> Taxes. The fol�awing shall consti�ute taxes ta whi�h �this secfion app�ies: �1} a specific.tax upon �his �ype of
<br /> De�d of Trust or upon al� or any part af the Indebtedness s�cured by �his Deed of Trust, {2} a sp��ific tax an
<br /> Barrower which Barrower is authv�ized or required tv deducfi firom payments on the Indebtedness secured by this
<br /> type of Deed v�Trus�; t3y a �ax an this type of D�ed o�Trust chargeable a�ainst the Lender or the halder af the
<br /> Nate; and �4} a sp��ific tax an all or any portian af �he Indeb�edn�ss or �n payments of principal and intsrest
<br /> made by Borrawer.
<br /> 5uhsequen� Taxes. If any tax �v which this sec�tion applies is enacted subsequent �o the date af this Deed af
<br /> Trust, this event shali haWe the same effec� as an Even� o� Default, and Lender may exercise any or all of i�s
<br /> available rem�dies for an Event of Default as pro�ided belvw unless Trus��r ei�her ��� pays �he tax before it
<br /> becomes delin�uent, or �2} contests the tax as provided abaWe in �he Taxes and Liens section and depasits w�th
<br /> Lender cash vr a su�ficient corporate surety bond or other security sa�isfactory to Lender.
<br /> SECURITY AGREEMENT; F�NANC�NG STATEiVIENTS. The following provisians relatin� �o this Deed vf Trust as a ,
<br /> securi�y a�reement are a part�f�his Deed of Trust:
<br /> 5ecurity Ag�eernent. This ins�rumenfi shall constifiute a 5ecuri�y Agreement ta th� ext�nt any o� the Pr�p�r�y
<br /> constitutes fixtures, and L�nder shall have all a�the ri�hts of a secured party under th� Llniform Commercial Code
<br /> as amended from time to�ime.
<br /> Security Interesfi. Upon request by Lender, Trus�or sha[I �ake vvhatever a�tion is r�ques�ed by Lend�r to per�ec�
<br /> and ��ntinue L�nder's security int�rest in the Persanal Proper�ty. in addi�ion to record�ng this Deed of Trust in the
<br /> real praper�y re�ords, Lender may, at any �ime and withou� further authori�ation fram Trus�or, fi[e �xecutsd
<br /> counterparts, copies ar reproductians of this Deed �� Tr�ust as a finan�ing statement. Trustor shall r�imburse
<br /> L�nder fo� all expenses incurred in p��fecting or continuing this security int�res�. Upon de�ault, Trus�or shall n�t
<br /> remo�e, se�er or detach the Personal Prop�rty from the Prop�rty. Upon de�ault, Trust�r shal� assembie any
<br /> Personal Pr�perty nvt af�ixed to the Property in a manner and at a place reasonably canvenient to Trus�tor and
<br /> Lend�r and make it a�ailable ta Lender within three �3y days af�er receipt of w�i�ten d�mand from L�nder to the
<br /> ex�ent permit��d �y applicable law.
<br /> Addr�sses. The maiiing addresses of Trustvr �debtvr} and Lender �se�ured partyy fr�m which info�mation
<br /> concerning the security interest granted by this �eed o�Trust may he o�tained t�ach as required by the �niform
<br /> �ammercial Cade� are a�stat�d �n�he first page of�his ❑eed of Tru�t.
<br /> FURTHER ASSURANGES: ATT�RNEY-IN-FACT. The fallowing proW�sions relating to furth�r assurances and
<br /> attorney-in-�act are a part of this C�eed o�Trust:
<br /> Furtl�er Assuran�es. At any time, and from time to �ime, upon request of Lend�r, Trustor wil! make, exe�ute and
<br /> deli�er, or will caus��o be made, executed or del��ered, t� Lender o�ta L�nder's designee, and when requested by
<br /> Lenderf cause �o be filed, recorded, refil�d, �r r�rec�rded, as the case�may be, at such t�mes and in such o�fices
<br /> and places as Lende� may deem appropriate, any and all such mvr�gag�s, d�eds af trust, security de�ds, security
<br /> agreements, financing s�atements, continua�i�n s�atemen�s, instruments af �urther assurance, certificates, and
<br /> v�her dacuments as may, in the sole opini�n af Lendar, be ne��ssary or d�sirable in order ta ef�ec�uate, comp�e��,
<br /> pe�-�fect, �antinue, �r p��ser�e ��� gorrower's and Trustar's ohligations under the Nv�e, �his Deed ❑f Trust, and
<br /> the Re[a�ed aocuments, and ��y the liens and security interests crea�ed by this ❑eed of Trust as first and prfor
<br /> liens an the Proper�y, whether no�rv vwned or hereafter acquired by Trus�tor. LJnless prohibited by law or Lsnder
<br /> agrees to the contrary in wri�ing, Trustor sha�l reimburse Lender fo� all costs an� expenses incurred in cannection
<br /> with the matters re�erred�o in this paragraph.
<br /> AttarneyWEn-Fa�t. If Trust�r fails ta da any af the things referr�d t� �n the preceding paragraph, Lender may do so
<br /> for and in the name of Trustor and at Trustor's expense. For such purposes, Trus�or here�y irre�oca�ly appoints
<br /> Lender as Trust�r's att�rney�in-fact�for�he purpose of making, executing, deli�erFn�, filing, r�c�rding, and doing ali
<br /> ather things as may �e necessary or desirable, in Lender's s�le opini�n, to accomplish the matters re�erred �o in
<br /> the prec�ding paragraph.
<br /> FULL PERF�RNiANCE, (f Bor��wer and Trustor pay a11 the Indebtedn�ss, including withaut fimi�ation all future
<br /> ad�ances, wh�n due, and Trustor otherwis�perfarms al1 the o�ligatians imposed upon Trust�r under this Deed o�Trust,
<br /> Lender shall execute and deliWer t� Trustee a request far fui� recon�eyance and shail execute and �e[i�er to Trustor
<br /> sui�able statements o�f terminatian o� any financing statement vn file eWidencing Lender's securi�y interest in the Rents
<br /> and th� Persvnal Property. Any r�can�eyanc� fee required �y law shall be paid by Trustor� if permit�ed by applicable
<br /> 1aw.
<br /> EVEN1'S �F DEFAULT. At Lender's �p�ian, Trus�kor wifl be in de�ault under �his �eed of Trust if any vf the follawing
<br /> happen:
<br /> Payment Defau�t. Ba�rower fails t� make an�payment uvhen due under�he In�eh�edness.
<br /> Break ❑�her Prvmises. Bvrrower or Trus�or breaks any pramise made �o Lende�or fails to perfarm pramptly at the
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