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201501304
<br /> DEED OF TRUST
<br /> Loan No: 10012745 (Continued) Page 4
<br /> Current Taxes, Fees and Charges. Upon request by Lender, Trustor shall execute such documents in addition to
<br /> this Deed of Trust and take whatever other action is requested by Lender to perfect and continue Lender's lien on
<br /> the Real Property. Trustor shaii reimburse Lender for all taxes, as deseribed below, together with all expenses
<br /> incurred in recording, perfecting or continuing this Deed of Trust, including without limitation all taxes, fees,
<br /> documentary stamps, and other charges for recording or registering this Deed of Trust.
<br /> Taxes. The following shall constitute taxes to which this section applies: (1) a specific tax upon this type of
<br /> Deed of Trust or upon alI or any part of the Indebtedness secured by this Deed of Trust; (2) a specific tax on
<br /> Borrower which Borrower is authorized or required to deduct from payments on the Indebtedness secured by this
<br /> type of Deed of Trust; (3) a tax on this type of Deed of Trust chargeabie against the Lender or the holder of the
<br /> Note; and (4) a specific tax on all or any portion of the Indebtedness or on payments of principal and interest
<br /> made by Borrower.
<br /> Subsequent Taxes. If any tax to which this section applies is enacted subsequent to the date of this Deed of
<br /> Trust, this event shaii have the same effect as an Event of Default, and Lender may exercise any or alI of its
<br /> available remedies for an Event of Default as provided below unless Trustor either (1) pays the tax before it
<br /> becomes delinquent, or (2) contests the tax as provided above in the Taxes and Liens section and deposits with
<br /> Lender cash or a sufficient corporate su�ety bond or other security satisfactory to Lender.
<br /> SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Deed of Trust as a
<br /> security agreement ate a part of this Deed of Trust:
<br /> Security Agreement. This insfrument shall constitute a Security Agreement to the extent any of the Property
<br /> constitutes fixtures, and Lender shall have all of the rights of a secured party under the Uniform Commercial Code
<br /> as amended firom time to time.
<br /> Security Interest. Upon request by Lendet, Trustor shafi take whatever action is requested by Lender to perfect
<br /> and continue Lender's security interest in the Personal Property. in addition to recording this Deed of Trust in the
<br /> real property records, Lender may, at any time and without further autho�ization from Trustor, file executed
<br /> counterparts, copies or reproductions of this Deed of Trust as a financing statement. Trustor shall reimburse
<br /> Lender for all expenses incurred in perfecting or continu'ing this security interest. Upon defauit, Trustor shall not
<br /> remove, sever or detach the Personal Property from the Property. Upon default, Trustor shall assemble any
<br /> Personal Property not affixed to the Property in a manner and at a place reasonabiy convenient to Trustor and
<br /> Lender and make it available to Lender within three (3) days after receipt of written demand from Lender to the
<br /> extent permitted by applicabie law.
<br /> Addresses. The mailing addresses of Trustor (debtor) and Lender (secured party) from which information
<br /> concerning the security interest granted by this Deed of Trust may be obtained (each as required by the Uniform
<br /> Commercial Gode) are as stated on the first page of this Deed of Trust.
<br /> FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further assurances and
<br /> attorney-in-fact are a part of this Deed of Trust:
<br /> Further Assurances. At any time, and from time to time, upon request of Lender, Trustor will make, execute and
<br /> deliver, or will cause to be made, executed or deiivered,to Lender or to Lender's designee, and when requested by
<br /> Lender, cause to be filed, recorded, refiled, or rerecorded, as the case may be, at such times and in such offices
<br /> and places as Lender may deem appropriate, any and all such mortgages, deeds of trust, security deeds, security
<br /> agreements, financing statements, continuation statements, instruments of further assurance, certificates, and
<br /> other documents as may, in the sole opinion of Lender, be necessary or desirable in order to effectuate,complete,
<br /> �erfect, continue, or preserve (1) Borrower`s and Trustor's obiigations under the Note, this Deed of Trust, and
<br /> the Related Documents, and (2) the liens and security interests created by this Deed of Trust on the Property,
<br /> whether now owned or hereafter acquired by Trustor. Unless prohibited by law or Lender agrees to the contrary in
<br /> writing, Trustor shall reimburse Lender for all costs and expenses incurced in connection with the matters refierred
<br /> to in this paragraph.
<br /> Attorney-in-Fact. If Trustor fails to do any of the things referred to in the preceding paragraph, Lender may do so
<br /> for and in the name of Trustor and at Trustor°s expense. For such purposes, Trustor hereby irrevocably appoints
<br /> Lender as Trustor`s attorney-in-faet for the purpose of making, executing, delivering,filing, recording, and doing all
<br /> other things as may be necessary or desirable, in Lender`s sole opinion, to accomplish the matters referred to in
<br /> the preceding paragraph.
<br /> FULL PERFORMANCE. If Borrower and Trustor pay all the Indebtedness when due, and Trustor otherwise performs all
<br /> the obligations imposed upon Trustor under this Deed of Trust, Lender shall execute and deliver to Trustee a request for
<br /> full reconveyance and shall execute and deliver to Trusto�suitable statements of termination of any financing statement
<br /> on file evidencing Lender's security interest in the Rents and the Personal Property. Any reconveyance fee required by
<br /> law shali be paid by Trustor, if permitted by applicabie law.
<br /> EVENTS OF DEFAULT. At Lender's option, Trustor will be in default under this Deed of Trust if any of the following
<br /> happen:
<br /> �ayment Default. Borrower fails to make any payment when due under the Indebtedness.
<br /> �reak Other Promises. Borrower or Trustor breaks any promise made to Lender or fails to perform promptly at the
<br /> time and strictly in the manner provided in this Deed of Trust or in any agreernent refated to this Deed of Trust.
<br /> �ompliance Default. Failure to comply with any other terrn, obligation, covenant or condition contained in this
<br /> �eed of Trust,the Note 4r in any of the Related Documents.
<br /> �efault on Other Payments. Failure of Trustor within the time required by this Deed of Trust to make any payment
<br /> for taxes or insurance,or any other payment necessary to prevent filing of or to effect discharge of any lien.
<br /> �efault in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit,
<br /> security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person
<br /> that may materialiy affect any of Borrower's or any Grantor's property or Borrower's abitity to repay the
<br /> �ndebtedness or Borrower`s or Grantor's ability to perform their respective obligations under this Deed of Trust or
<br /> any of the Related Documents.
<br /> �alse Statements. Any represenrtation or statement made or furnished to Lender by Borrower or Trustor or on
<br /> �orrower's or Trustor's behalf under this Deed of Trust or the Related Documents is fafse or misieading in any
<br /> material respect, either now or at the time made or furnished.
<br /> �efective Collateralizafion. This Deed of Trust or any of the Related Documents ceases to be in full force and
<br /> effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any
<br /> time and for any reason.
<br /> �eath or Insolvency. The death of Borrower or Trustor, the insolvency of Borrower or Trustor, the appointment of
<br /> a receiver for any part of Borrower s or Trustor's property, any assignment for the benefit of creditors, any type of
<br /> creditor workout, or the commencement of any proceeding under any bankruptcy or insoluency laws by or against
<br /> �orrower or Trustor.
<br /> Taking of the Property. Any creditor or govemrnental agency tries to ta:ke any of the Property or any other of
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