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��15�5851
<br /> ��E�] ��' �`Rl���'
<br /> ��o��ir�ue�� �age �
<br /> SECUR�TY AGREEMENT; FINANC[NG STATEMENTS. The foll�wing praWisions re��#ing ta this Deed ❑� Trust as a
<br /> security agr�ement ar�a pa�#of fhis Deed of Trust,
<br /> Securi�y A9re�ment. This instrument shall constitute a Security Agreement �o the �xtent any of �h� Prope�y
<br /> cans�itutes fixtures, and Lender shall have a�i af the rights flf a secured pa�ty under the lJniform Cammercial �ode
<br /> as amended frorn time ta t+me.
<br /> Se�urity In�erest. Upon reques� by Lend�r, Trus�or shal[ �ake whate�er a���on is requested by Lender ta perfec�
<br /> and �ontinue Lender's securi�y inter�st in the Personal Prope�ty. �n addition�o �ecording this Deed of Trust in �he
<br /> rea� praperty records, Lender may, at any tirne and without �urther authorization from Trustor, f�le executed
<br /> caunte�pa�#s, copies or reproductions of this (]�ed o� Trust as a financing statement. Trustor shall �eimbu�se
<br /> Lender for alf expenses incurred in perfect�ng ar continuing this security interest. �pan de�au�t, T�ustor shai! na#
<br /> rema�e, se�er o�r de�acf� the Personal Property �rom the Property. U�on default, Trustor shall assemb�e any
<br /> Persona� Proper�y nat affixed.to fhe Prvperty in a manner and a# a p�ace reasonably �on�en�ent ta Trustar and
<br /> Lender and make it a�ailab�e to Lender within thre� �3} days a�te� rec�ipt af written demand�rorn Lender�o the
<br /> extent p�rmitted by applicable law.
<br /> Addresses. The mailin� addresses ❑f Trustor (deb#or} and Lender �secur�d pa�ty} frorn whi�h informati�n
<br /> concerning �he s�eurity interest granted by this Deed of Trust may be ob#ained �each as required by the Unifflrm
<br /> Commercial Code}ar�as stated on#he fi rst pag�of th�s Deed o�Trust.
<br /> FURTHER ASS�RANCES; A7T�RNEY-lN�FACT. The follow�ng provisions relat�ng �o f�rth�r assurances and
<br /> a�tvrney��n-fact are a par�of th is Deed of Trust:
<br /> Further Assurances. �t any time, and fram time ta time, upon request of Lender, Trustor will mak�, execu�e and
<br /> deli�er,o�will cause ta b�rnade,executed or deli�ered,ta Lenale�or to Lender's designee,and when re�uested by
<br /> �ender, cause to he filed, recarded, refiled, o� �erecorded, as �he �ase may be, at su�h times and in su�h offi�es
<br /> and pla�es as Lender may deern approp�iate, any and al1 such mortgages, deeds of frust, sec�ri�y deeds, security
<br /> ag�eemen�s, financing statements, continuatian s#atements, instruments of fur�he� assurance, c�rtificates, and
<br /> other documents as may, in the sale opinion of Lender, be nec�ssary or desirable in arder t�effectuat�, complete,
<br /> perfect, continue, or preserve �'f} Trus�or's ob�igations under the Note, this ❑eed of Trust, and �he Related
<br /> ❑ocumen�s, and ��} th�I��ns and security in���est�created by this Deed o�Trust on the Proper�y,whether n�w
<br /> ❑wned or her�after acqui��d by Trustar. Unless prohi�ited by law or L�nde� agrees t❑ the con�rary in writing,
<br /> Trustor shali reimburse Lender far ail costs and expens�s incurred in conn�ction with the matters r�fe�r�d�a in this
<br /> paragraph.
<br /> Attorney�in-�Fact. If Trustor�ai[s to do any of the�hings referred ta in the preceding paragraph, Lender may do so
<br /> #or and in the name of Trustor and at Trustor's �xpense. For such purpases, Trustar�hereby irrevacab�y appa�nts
<br /> Lender as Trustor's a�torney-�in�-�ac�far th� purpos�of making, executing, delivering,filing, recordir�g, and doing a�l
<br /> ath�r things as may he necessary or d�sirabfe, ir� Lender's so{e apinian, �o accornptish ti�e matters referred t� in
<br /> the preceding paragraph.
<br /> FULL PERFDRMANCE. !f Trustor pays all �he �n�ebtedness when due, and o�herwise p�rFarms all the ❑hl��ations
<br /> impos�d up�n Trustor under this ❑eed of Trust, Lender shall exeeute and deliver to Trustee a re�ues� �ar full
<br /> recon�eyance and sha�i execute and de�ive�fa Trusto�su�tab3e sta#ements of te�minat�on of any�inancing stat�ment on
<br /> fife�Widencing Lender's security i�#erest�n the Rents and the Persanal Prvpe�ty. Any r�can�eya�ce fee required by 1aw
<br /> shall be paid by Trus�or, if perm��#ed by applicable law.
<br /> EVENT5 ❑F ❑EFALILT. At Lender's ❑ptian, Trust�r wii! be ir� default und��this I�eed of Trust if any of the fallowing
<br /> happen:
<br /> Paymen�Defaul�. Trustor�ai�s�o make any paymen#when due under the lnd�btedness.
<br /> Break Q�her Promises. Trustor breaks any promise made to Lender or�ails to pe�Fo�m promp�ly at the �ime and
<br /> siric�ly�n the manr�er pravided in this❑eed of-Trust o�in ar�y agreement�ela�ed ta this�eed�f T�ust.
<br /> Gompiiance Defaul#. Fai#ure to camply with any other te�m, obligativn, cavenant or con�ition con�ained in this
<br /> ❑eed❑f Trust,�he N�te ar�n any❑f�he Related D��umen�s.
<br /> Default an ather Raym�n�s. Fai�ure o�F Trustor within the time�equ�red hy this Deed of Trust to make�ny payment
<br /> far taxes or insurance,�r any o�her payment necess�ry to prevent fi�ing�#�r to e�fect discharge of any iien.
<br /> False Statements. Any r�presentatian or s#a�emen�mad�o�furn�shed to Lender by Trustor or on Trustor's behaff
<br /> under th�s Deed �f Trust�r�he Related Documents is false or misleading in any ma�erial �esp�ct, either now ar at
<br /> �he time made or furnished.
<br /> Defecti�e Co�[aterali�ation. This Deed o�Trus# o� any o�F�he R��ated ❑�cuments ceases t� be in fu�l �arce and
<br /> effiect (including fiai[ure of any colla�e�a1 document to c�eate a va�id and perfected security inte�est Qr lien) at any
<br /> time and for any reason.
<br /> Death or�n�ol�ency. The dea�� �f�rustor,�he�nso���ncy o��rustor,the appoin�rnent o�a recei�er��r any part of
<br /> Trustor's property, any assignment �o� the benefit of credi�ors, any �ype of credito� uvorkout, or �he
<br /> �ommencernent�f any praceed�ng under any bankruptey❑r insa�vency laws by or against Trustor.
<br /> Taking af the Praperty. Any Gredi�or or gpv�rnm�:n#al agency tries �� take ar�y a�the Property ar any other o�
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