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Z�15�5Z73
<br /> aEE� �F T�usT
<br /> �Cor�tinued� Pa�� 4
<br /> Taxes. Th� fvllowing shall �anstit�te taxes t� whi�h this sectian applies: ��} a sp�Gi�ic tax �upvn fhis type vf
<br /> ❑eed af Trust or upan all or any part af the Indahtedness secured �y fihis Deed of Tr�st; ��� a spe�i#iG �ax on
<br /> Trustar which Trustor is au�hari�ed vr required to deduct fram payments �n th� Indeb�te�ness secured by this'type
<br /> a#Deed vf Trus�, �3� a tax an�his type af Deed o#Trust chargeal�le against the Lender ar�he h�lder o�the�redit
<br /> Agreennen�; and (�-f a spe�i�ic tax an all a� any part�on vf �he ir�d�btedness or an payments of principal and
<br /> interest made by Trustor.
<br /> Suhsequent Taxe�. I# any tax to vvhi�h this se�tivn applies is ena�ted subsequent �a �he dat� of this ❑eed of
<br /> Trust, th�s e�en# shall ha�e the same effe�t as an Event o� ❑e�au�t, and Lender may exercis� any or al� o� its
<br /> a�aila�le remedie� �o� an E�r�nt of De�ault as pr��ided below unlass Trus'��r either �1 y pays the #ax �e�ore it
<br /> beGames delinquent, or [2� cantests the tax as provided a�o�e in the Taxes and Liens �ection and depos�ts with
<br /> Lendsr�ash or a sufirici�nt�orparat�surety bond ar v�her s�cu�ity satis�actory�o L�nder.
<br /> SEGURtTY A�REEME�VF; FINANCING STATEMENTS. The foilawing pro�isivns re�ating ta �-his D�ed ❑f Trust as a
<br /> security agreement are a part of this Deed of Trust:
<br /> Security Agreemer�l:. This instrurnent shall cans�itute a 5ecurity Agreernent to the e�:tent an�� o� the Prvper�y
<br /> cvnstitu�es fixtures, and Lender shall ha�e all vf the rights vf a secured party under the �Jni�Form Cvmmer�ial Code
<br /> as amended#rom�time�o#ime.
<br /> Security Interes�. Upon r�quest by Lender, Trust�� shall take whate�re� ac�ivn is requ�s��d by Lender t❑ perfect
<br /> and cvntinue L�nd�r's security interes� in the Personal Praperty. In a�dition tv �ecording this De�d of Trust in�he
<br /> real prape�ty records, Lender may, at any tirne and wi�hout further �uthoriza�ion �rarn Trustor, file execufied
<br /> coun�erparts, �opi�� or reproduct�ons a� this Deed af Trust as a �inancing s�atement. Trustc�r shall reimburse
<br /> Lender far all expe��s�s incurred in p�rfe�ting or cflntinuing �h�s s�curity in�erest. upvn �efault, Trustor shaf[ not
<br /> remave, se��r or detach the Personal Pr�perty from the Prop�rty. �pon d��ault. Trusfiar shall assem�le any
<br /> Personal Praperty nat affixe� t� the Pr�perty in a manner and at a place reasonablY Gun�eniei�t to Trustvr and
<br /> Lende� and make i� a�aila�le ta Lender within three �3} days after reGe�p� of written der�-rand �r�m Lender to the
<br /> extent permitted by appli�abie law.
<br /> Addresses. The r~�ailing addresses af Trustar �debtvr� and Lend�r 4secured partyy �ram w�h��h information
<br /> concerning �he sec�rity int�rest granted by this De�d of Trust may be ��tained {ea�h as requir�d b�y the Uni�arm
<br /> Cammercia��vde� are as stated vn�he first page af this ❑eed af Trust.
<br /> FURTHER ASSURANCE�; ATTORNEY-IN-FACT. The fa�lawing pra�isions relating ta �urther assuranc�s and
<br /> a��orney-in�fact are a part❑�this ❑eed af Trus�:
<br /> Further Assuran�es. A�any time, and '�rvm time to time, upon request o�Lender, Trustor wEfl mak�, execu�e and
<br /> deli�er, ar w�l�cause�v be made, executed or delivered, to Lender a�ta Lende►'s designes, and when requested �y
<br /> Lend�r, �ause to b� filed, recorded, ref�ied, ar rere�vrded, as the case may b�, at such tirnes and in such offices
<br /> and pla�es as Ler�der may deem appropriate, any and all such mortgages, deeds af trust, security d�eds, security
<br /> agreements, financing statements, �antinuatian statements, instruments af fiurther assurance, c�rtifica�es, a�d
<br /> other docurnents a� may, in�he soie apinEvn of Lender, be necessary ar desirable in arder'�o effe�tuate, compie�e,
<br /> per�ect, continuer a�• preser�e {�� Trus#ar's obligations under the Gr�dit Agreement, this D�ed ofi Trust, and the
<br /> Reiated ❑ocument�, and {�f xhe liens and security interests created by th�s ���d of T�ust on the Property,
<br /> whether nvw vwne�or hereafter acquired by Trustar. �nless prohihited �y �aw vr Lendei-agrees�❑the contrary in
<br /> writing, Trustor sh�ll �eimburse Lender�ar a�l casts and expenses incurred in connectian with�he r�natters referred
<br /> ta in this paragraph.
<br /> Attorney-�n-Fa�t. f�Trus�ar�ails to do any ❑f the things referred to in the preceding paragraph, lMender may do so
<br /> �vr and in the name of Trustvr and at Trustor's expense. Far su�h purposes, Trustor h�reby irr��ocably appa�nts
<br /> Lender as Trustor`s attorney-in-#a�t fvr th�purpose af making, exeGuting, deli�ering, filin�, recvrc�ing, and doing all
<br /> oth�r things as ma� be ne�essary �r desirable, in L�nder's safe opinian, to accamplish the matters refer�ed t� in
<br /> the preceding paragraph.
<br /> FULL PERF�RM►4NCE, [fi Trustor pays all fihe fndebtedness when due,terminates�he �redit line a�cou�t, and otherwise
<br /> performs all the o��igatians impased upon Trustor under�his Deed vf T�ust, Lender shall ex�c:�te and d��iver tv Trustee
<br /> a request for �u�l recon��eyance and sha�l execute and deli��r ta Trustar suitable statements of t�rmination af any
<br /> financing s�a�ement on file e�iden�ing L�nder's se�uri�y interest in th� Rents and the Personal Property. Any
<br /> re�an�eyance fee required by law shall be paid by Trustor, i�permitted by applicable law.
<br /> EVENTS QF ❑EFAULT. Trus'��r wi�� be in t�etault under this ❑eed of Trus� 4f any o#'�he fallow�n� happen: �A� Trus'tc�r
<br /> cammits fraud ❑r rnakes a mate�ia� misrepresentatian at any time in rann�ction with the Cr�dit Agreement. This can
<br /> include. �or exam�l�, a ��alse statemen� about T�uStar's incame, asse�Cs, liabifities, or any ather asp��ts vfi Trus�vr's
<br /> finan�ial c�ndition. �B� Trustar does nat meet�he repayment terms ❑�the Cred'rt Agreement. tCy Trustor's a��ivn o�
<br /> inactivn adve�sely affeGts the �ollateral or Lender's rights in the co��ateraf. This can inc�ude, #or e:camp�fe, €ailure to
<br /> maintain required in�urance, wast�ar destructive use af the dweiling, faifure�o�ay taxes, de��h vf a�l persans fiabie on
<br /> the accoun�, transfer of title ar saie �� the dwelling, crea�ion v'� a seniar lien on the dwellin� �rvith�ut L�nder's
<br /> permission,fareclosure by the holder o�another lien, ar the use a�funds ar the dwell6ng for prc�hibified purposes.
<br /> RIGHTS AN� REME�IES ON DEF�ULT. if an E�ent o�❑efauft oc�urs unde�th�s Deed vf Tru��� a# an��tirne thereaft�r,
<br /> Trus�kee or Lender rnay exerCise an�❑ne or mt�re vt the���fawing rights and rernedies:
<br /> A��e�e�at�on U�on Defaul�; Additivna[Remedi�s. If any E�ent o�Defau��occurs as p�r the terms af the Credit
<br /> Agreernent secured hereby, L�nder may de�lare all fndebtedness se�ured by�his De�d vf Trust�o be due and
<br /> payable and the same shail ther�upon become due and payab�e without any presen�ment, dErnand, protest or
<br /> natice vf any kind. Thereafter, Lender may:
<br /> �ay Either in persan vr by agent, wixh or withvut bringing any a�tion or prv��eding, vr b� a re�eiuer
<br /> appointed !�y a court and without regard �o the adequa�y af its s�curity, enter upon and tak� possession
<br /> vf the Property, or�ny part thereaf, �n its�wn nam� or in�he r�am�❑fi Trustee, and da any ac�s wh�ch it
<br /> deems n�cessary or desirable ta preserrre the�aiue, marketabE[ity or rentabi��ty�r�the Property, or part of
<br /> the Prape�ty or interest in the Prvperty; increase the incame �ram the Praperty ar prote�t the security vfi
<br /> the P�vper�ty; and, with or withvut taking possession af the Prvpe�ty, sue far vr o�herwise ��liect the
<br /> rents, issues and protits a�the Praperty, �ncluding�hose past due and unpaFdr and apply#he same, less
<br /> costs and�xpenses of operaxian and coliection attarneys' fees,ta any indebtedn�ss sec�ared by this Deed
<br /> of Trust, �11 in su�h order as L�nder may determin�. Th� entering up�n and t�king pvssessivn ❑fi the
<br /> Property, the �vlleGtion of such rent�, issues and prv�its, and the applicati�n t�ereof sha�f not cure or
<br /> wai�e any defauit or natice of de�aul� under�his ❑eed vf Trust�r invalidate any act do�e in respans� ta
<br /> su�h default or pur�uant t❑such no�ice o�r default; and, notwiths�anding the continuance in passession of
<br /> the Prvper�:y or �he caffection, receipt and applicatian of rents, issu�s v� prafit�, Trustee or Lender shall
<br /> be enti�tled to exercise e�ery right pro�ided for in�he Credit A�reement or the Reiated I�oGuments or by
<br /> law upon�:he occurrenGe af a€�y e�ent af d��ault, including the right to exercise the p�w�r❑�sa�e�
<br /> �bf Camm�nce an �cti�n tv fareclose th�s Deed at Trust as a rr�ortgage, appoin�a receiuer vr spec��iCal{y
<br /> enforce any afi the cov�nants herevf; and
<br /> �c� DeiF�er tv Trust��a written deGlaration c�f default and demand for sa�e and �written na�ice o�de�au�t
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