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��15�511�
<br /> �EE� �F T"RU�T
<br /> Loan Na: 1�12$3��$ t�Q�1ti�lu�d� Page a
<br /> .
<br /> SE�URITY AGREEMENT; FINANCING STATEMENT�. The fo(lowing pr�r�is�ons relating ta this ❑eed of Trust as a
<br /> security agreement are a part of this �ee�af Trust:
<br /> Se�urity Agre�rr�ent. This instrurnent shall canstitute a Security Agr�ement t❑ the extent any ;af the Praperfiy
<br /> �onstitutes fixtur�s, and Lender shall haWe all af the rights �f a secured party under the Uniform Commercial Code
<br /> as amer�ded fram time to time.
<br /> 5ecuri�y Interes�. Upan request �y Lender, Trustar shal� take whatev�r action is reques�ed by Lender t� per�ect
<br /> and cantinue Lender's sec�rity interes� in the Personal Property. ln addition ta recarding thi� De�� af Trust in th�
<br /> real pr�per�ty I'�GOCi�S� Lender may, a� any tim� and v`rithaut further authori�ation frvm Trustair, �ile executed
<br /> c�unterparts, copies ❑r reprvduc�ions of this Qeed a� Tru�� as a financing statement. Trustar:shall reirnburse
<br /> Lender�or ai� �xpen�es incurred in perfecting ar cvntinuin� this security interest. Upon defaul�, Trustar shall nat
<br /> rernoWe, sever ❑r deta�h the Personal Property from the Prop�rt�r. U�on defaulrt, Tru�tor shal! assemble any
<br /> Personal Praperty not af�ix�d to th� Pr�p�rty in a mann�� and at a place reasanably con�enient:to Trustor and
<br /> Lender and make it ��ailahls t❑ Lender v�ithin three �3) days aft�r receipt of writterr d�mand from Lender to �h�
<br /> extent permitted hy app�icable�aw.
<br /> Addresses. Th� mailing address�s of Trustnr {dehtar� and Lender �s�cured party� from which informati�n
<br /> conGern�ng the s�curity interest granted by this ❑eed af Trust may be ❑btained �each as required by the �niform
<br /> C�mrnercial Code� are as sta�ed❑n the�irst page of this Deed of Trust.
<br /> FURTHER ASSURAN�ES: ATT�F�NEY-IN-FACT. The fflllowing pro�isions refa��ng t❑ further assurances and
<br /> a��orney-in�fac�are a part of this Deed�f Trust:
<br /> Fur#her Assurances. At any time, an� fram time ta tirne, upon ret�uest af Lender, Trustor will rnake, exe�ute and
<br /> deli�er, ❑r will cause ta be made� executed or d�[i�ered,�o Lend�r�r to Lender's des�gnee, and when �equested by
<br /> Lender, cause to be �ilsd, r��arded, refii�ed, or rerecorded, as the case may be, at su�h times and in such offices
<br /> and piac�s as Lender may deem apprapriate, any an� al[ such mvrtgages, ���ds ❑�trust, security deeds, security
<br /> agreern�nts, financing staternents, cnntinuatian statemen�s, instruments a� further assuran�e, eert[ficatesf and
<br /> other d�cuments as may, in the sale �pin�vn o�Lender, be necessary ar desirable in order ta effe�tuate, cQmplete,
<br /> perfeGt, c�ntinue� or preserve �1} Trust�r's obiigatians under the Note, this Deed of Trust, an�i the Releted
<br /> D�cumen�s, and (�} the �iens and s�curity interests Greated by this Deed ❑f Trust a� first and prior liens �n�he
<br /> Pr�perty, whether now �wn�d or hereafter acquire� by Trustar. Unless prahibited Ioy law ar Lend�r agre�s t��he
<br /> cantrary in writing, Trustor $hail reirnburse Lender far all �osts and expense� incurred in conneG�ion with the
<br /> ma�ters r��err�d ta�n this paragraph.
<br /> At�arney-in-FaGt, If Trus�tor fails �a d� any of the things referred to in the pr�c�ding paragraph, Lender may do sv
<br /> �or and in the narne a�Trus�ar and at Trustvr's �xpense. Far su�h purpases, Trustor hereby irrevocably appaints
<br /> Lender as TrustQr's att�rnsy-in-fact far th� pur�ase�f making, ex�cuting, deiivering, filing, recording, and daing a!I
<br /> other thing� as may h� necessary or desirable, in Lender's soie opini�n, to accomp�ish the rnatters referreal to in
<br /> the preceding paragraph.
<br /> FULL PERF�RIVIANCE. If Trustor pays afl the lndebte�in�ss, including withaut limitatian all future advances, vvhen due,
<br /> and atherwise perfarms al� the vhligat�ons imposed upon Trus�ror under th�s De�d of Trust, Lender shall exeGute and
<br /> de�iWer to Trust�e a request fflr full re�on�eyance and shalf e�e�urt� an� d�li��r tv Trustor suita�le statements v�
<br /> term�natian of any f[nancing s�atemen� an #ile e�idencing Lender's security in�erest in the Ren�s and the Persana[
<br /> Proper�}�. Any r�canveyan�e�ee required �y law shal[ be paid by Trustor, if permitted by appli�a��e[aw:
<br /> ❑EFAULT. At Lender's optian, Trustor will be in de�Fault under this Deed❑f Trust if any of the f�llowin��happen:
<br /> Fraud ur Ma#erial 111lisrepresenta�ion. Trustor commits �raud or material misrepresen�ation in connectian with the
<br /> terrns �f th� Nate.
<br /> Payment D�fault. Trustor fai�s t❑ mee�the re�ayment terms a��he Nate far any outstanding balan�e.
<br /> ❑ther Qefaults. Trus�ar's a�t ar failure to act adversely affects Lender's SEGII�i��( interest in th� Pr�p�rty, or any
<br /> right of Lender's in such security.
<br /> Right t4 Cure. �f any defau�t, ather than a default in payment, is curable and ��Trus��r ha� nat been gi�en a nati�e
<br /> afi a br�ach c�f the sarne proUisian of this Deed �f Trust within�rhe RreG��ling twel�e �12} manths, it may be cured if
<br /> Trustar, aft�r Lend�r sends vuritten n�tic�to Trust�r demanding cure❑f su�h default: {1� cures the defauit within
<br /> ten �1 D) days; ar {2} if th� cure requires mare than ten �7 a} days, immediatefy i�irtiates st�ps whiCh Lender deems
<br /> ir� Lender's sole dis�retion ta be sufificient ta�ure the defaul�and thereafter Gontinues an� carnpletes all reasanable
<br /> and necessary st�ps suffi�ient to prgduce campliance as saon as reasanably pra�tical,
<br /> FiIGHTS AND REMEDiES �N aEFAULT. If an Ev�nt vf ❑efau(t❑ccurs und�r this ❑eed vf Trust, at any�ime the�eafter,
<br /> Trustee ar Lender may ex�rcise any one or mare af the�Fallflwin� rights and rernedie�:
<br /> Accelerativn 1Jpan Qe�ault;Adclitianal Remedies. If any E�ent af defaul�t occurs as per th�terms af the Note
<br /> s��ured hereby, L�nd�r may declar�all Indeb�t�dness seGured by this Deed of Trust to be due and payahle and
<br /> the same shafl thereupan he�ome due and payable vvithout any presen�ment� demand, protes�:or notice a�any
<br /> kind. Thereafte�, Lender may:
<br /> {a} Either in persan ❑r by agent, with ar withou� bringing any a�tian or prviceeding, ar by a recei�er
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