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<br /> DEED C]F TRLJS�T
<br /> ��orlt�n��d� Page 4
<br /> net proceeds of the award be appfied t� the lndehtedness o� �he repair or r�s�ara�ion Q� the F'roperty. The net
<br /> pr��eeds af the award shall mean the award after payment vf al� r�asanable costs� expenses, and attorneys' �fees
<br /> in�urred �y Trustee❑�Lender in cannectivn uvith the candemnatiQn,
<br /> IMPfl5f1"[[31V �F Ta�ES, FEES ANd CHARGES BY ��VERNMENTAL ALJTHaR�T�ES. The fallQwing pro�isions rela�in�
<br /> ta go�ernmen�al taxes,fees and charges are a part af this Qeed Qfi Trus�;
<br /> �urrent Taxes, Fees and �harges. Upc�n request by Lende�, Trustar shal! execu�e such dacuments in addition tv
<br /> this Deed af Trus�and tal�e whate�er other ac�ian is requeSted by Lender ta p�rfecx and cantinue Lender's lien on
<br /> the Rea! Property. Trustor shall reimburse Lender fvr a!I taxes, as described beiow, tagether vrrith all expenses
<br /> in�urred in recordsng, perfecting ❑r cantinuing this ❑eed v� Trust, including without limi�at�Qn all taxes, tee�,
<br /> do�umentary s�amps, and oth�r charg�s'�r�r recording vr registering this ❑��d nfi Trust.
<br /> Taares. The f�l�owing shal! canstitute taaces to which this se��ivn applies: t�3 a speGific taac up�n this t�p� of
<br /> Deed of Trust or upon �II ar any part ❑f�he Indebtedne�s seGur�d by this Deed o�Trust; �2y a specific t�x vn
<br /> Barrawer which Borrorr+�er is authori�ed ❑r required to dedu�� �rvm payments ❑n the I nde�tedness secured by this
<br /> typ� of Deed ❑f Trust; �3y a�tax on this type of D��d of Trust charg�able against�he Lender vr the h�ld�r of th�
<br /> �r�dit Agreement; and {4} a spe�i�iG tax on all or any pvrtion of the lndeb�edness or on payments v�principai and
<br /> in'��►res�made by gvrrawer.
<br /> Suk�sequent Taxes. If any tax to which this sectian app[ies is ena�t�d subsequent t❑ the date of this De�d of
<br /> Trv�t, this e�ent shaEl hav� the �ame eff�c�t as an E�ent Q� De�auit, and Lender may exerci�e anY Qr all v'F its
<br /> a��il�ble remedies for an E�ent of Defaul� as pra�ided helow unless 7rustvr either 41 y pays �he tax be��vre it
<br /> be�ames deiinquent, or {�} cQntests #he tax as provided above in the Taxes and Liens se�t�on and deposits with
<br /> Ler�der c�sh or a su�r��Gi�nt�vrparat�sur��y bond ar��her se�urity saxisfactory ta Lender.
<br /> SECURITY A�REEMENT; FINANCING STATEMENTS. The �allowin� pravisions relating �o this Deed af Trust as a
<br /> se�urity agreern�nt are� part af this Deed❑f Trust:
<br /> Serurity Agr�ement. This instrument sha{I cvnstitute a Security Ag�eement to the extent any vf the Property
<br /> c�r�stitutes fi�tures, and Lender shall have all of the rights vf a secured par�y und�r�he Uniform �arnrnercial ��d�
<br /> as amended f�am time to time.
<br /> Se�urity Interest. Upon request by Lender, Trustor shall 'take whate�er action is re�uested by L�nder to perte�t
<br /> and cvntinue Lender's securi�y int�res't in the Pers�nal Prop�rty. ln addi�ion ta recarding�his �7e�d af Trust in the
<br /> rea� proper#� recards, Lender may, at any tirne and without further authorization fram Trustar, fi�e executed
<br /> counterparts, c�pies or reprndu�tians ❑� th�s Deed af Trust as a fiinancing staternen�. Trustar sh�ll reimburse
<br /> Lender �vr a1� �xpenses ineurred in perfec�ing or continuing this security in�erest. Upon default, Trus�or shaff nat
<br /> ren�ove, se�er or detach the Personal Property #r�m the Prop�rty. Upon default, Trustar shall a�sernble any
<br /> Persanal Property nat a'�fixed #a the Property in a rnanner and a� a place reasona�ly conWenEent to Trustor and
<br /> Lg�7der and make it a�ailable t❑ Lender within three �3f days affier receip# af writt�n demand firvm Lender ta the
<br /> axtent permit�ed by applicabie law.
<br /> Addresses. The mailing addresses vf Trustor �debtary and Lender �secured �arty� frvm which infvrrnation
<br /> co�cerning th�e security interest grant�d hy this ❑e�d ❑�Trust rnay be abtain�d tea�h as requirPd by the Llniform
<br /> Comme�cial Cadey are as stated an the first page of this D�ed o�Trust.
<br /> FURTH�R ASSURANC�S; ATTDRN�Y-IN-FACT. The fvlfvwing pro�isivns rela�ing t❑ �urther assurances and
<br /> attarne��-in-'Fact are a part af this C�e�d o�Trust:
<br /> Fu�ther ASsurances. At any time, and �ram time to�ime, upan request of Lender, Trusto�wil! mal�e, execute and
<br /> deli��r,or will caus�ta be made, executed or deli�ered,t❑ Lender vr to Lender's designee, and when reques�ed by
<br /> Lender, �au�e tv be filed, reGorded, refiled, or rereGorded, as the case may be, a�such times and in suGh of�ices
<br /> and places as Lender rnay deem appropri�te, any and ail such mortgages, deeds o�trust, se�urity de�ds, security
<br /> agreem�nts, 1`inancing statemen€s, cvntinuatian s�aternents, instrumen�s a'� further assurance, certifi�ates, and
<br /> ot��e�-dv�uments as may, in the s��e vpinion of Lender, be neGessary or desir�hle in❑rder ka ef�fectuate, �amplete,
<br /> perfiect, �ontinue, or preserve �1� Borrawer's and Trusto�'s obligations under�he �redit Agreem�nt, this Deed of
<br /> TrE.�st, and the Re�ated Qocumen�s, and 4�� the liens and security tnterests created by this Deed of Trus't vn th�
<br /> Property, wh�ther naw owne�! vr h�reaft�r a�quired by Trustor. Unles� prohibited by iaw or L�nder�grees t��he
<br /> �vnt�ary in writing, Trustvr shall reimburse Lender �ar all c��tS and expenses in�urred in connection with th�
<br /> m�t��;Qrs r�ferred ta in thi�paragraph.
<br /> At�orney-in-Fact. I�Trus�vr�ails�t❑ do any o�the things refierred �o �n the preceding paragraph, Lender may do so
<br /> �o�and in the name of Trus�ar and at Trustor's expense. For �uch purpases, Trus�ar hereby irrevvcably appoin�s
<br /> Lender as�'rustvr's a�torney-+n-fact far th�purp�se a�makir�g, ex�cuting, deli�ering, filing, recarding, and da�ng all
<br /> at�er thin�s as may be nece�sary or de�irable, in Lender's sale Qpfnion, to accompiish the matters referred to in
<br /> �h� pre�ed�ng p�ragraph.
<br /> FULL PERFaRMAiVGE, !# Barrower and Trustor pay all�he �ndebt�dness when du�, �erminates the credit line acGvunt�
<br /> and Triastv�atherwisP pe��orms�II�he obliga�i�ans imposed upon Trusfor under this Deed of rrust, Lender shall execute
<br /> and deli�er ta Trustee a request for full rec�nveyance and shall exe�u�e and de�iver t� Trus�or suitable starements of
<br /> te�m�n�tion of any financing s�atement an fi�e e�iden�ing Lender's security in'�erest in the Rents and the Persona!
<br /> Propert;y. Any recon�eyance fee r�quir�d hy law sh�ll be�aid by Trustar, if pe�mit��d by applicable law.
<br /> �1�ENTS �F ❑EFAULT. Trus�ar�avill he in default under this Dee� vf Trust 3#any❑f the follov�ring hap�en: �A� Trustar
<br /> corrrmi�ts �Fraud ar rnakes a ma�erial rn+srepres�ntatir�n a� �ny �ime in cannectivn wi'th the Cre�it Agreement. This can
<br /> includer fo�exarnple, a false statemen�about Barrow�r's ar Trus�a�'s income� �558�5, I�ahilities� ❑r any ather aspects Qf
<br /> Bvrrowe�'s or Trustor's financia�Gvndir�on. [B� 6vrrowe�do�s nat meet the repayment terms af the Credit Agreement.
<br /> �Cy Tr�stor's act�vn❑r inaction ad�erseiy a�fe�ts the calla�era�ar Lender's riyh�s in the�ollateral. This�an in��ude, '�vr
<br /> example, faiiure ta maintain requir�d insurance, waste ar destructi�e use t�f the dv�elling, failure tv pay taxes, death of
<br /> all per�ons liable on the accaunt, transfer of title or sal� of �he dw�lling, creatian o� a senEQr li�n on the dwelling
<br /> withvut Lend�r's p�rmiss�an, tareclasure by�he halder ofi ar�other fien, ar the us�Q�funds or the dwelling�or prQhibited
<br /> purposes.
<br /> RtGHT� AN❑R�f�E�t�S ❑N DEFAULT. I�an E��nt of❑efauit❑ccurs unde�this G�eed of Trust, at any time ther�after,
<br /> Tr�$te�ar Len�er may exercise �ny�ne or more o�the fnliawing righ�s and remed��s:
<br /> Ac�e�eratic�n Upon De�aul�;Additianal Remedies. �f any E�ent o#De��u�t oc�urs as p�r the terms of th�Credi�
<br /> Agreement secured here�y, Lender may deciare a!i 1 ndebtedness�e�ured by th�s �]eed ❑f Trust to be due and
<br /> payable and the same shall�hereupon become due and paYable w��hout any presentment, demand, protest or
<br /> notice of any kind. Thereafter, Lender may:
<br /> (a) Either in per�an ar by agent, with or without bringing any ac�ivn or pro��eding, ar t�y a recei�er
<br /> �ppointed by a caurt and with�ut regard to the adequacy v�its security, enter upvn and€ake possessivn
<br /> �#the Property, or any p�rt thereaf, in its awn n�me or in the name��Trustee, and d❑any acts which it
<br /> deems necessary or desirable tv preserve �he �a�u�, marketabili#y vr renta�ility of the Prvperty,ar part o�
<br /> the Property or interest in the �roperty; increase the income #rom th� Prvpert� or prQteGt the s�curity af
<br /> rhe Prtiperty; and, with ar v�i�hout t�king �ossession ofi the Prop�rty, sue #�r or otherwise cvliect �he
<br /> �entsr issue� and prafi�s of the P�operty, in�ludin� those pa�t due and unpaid, and app�y the same, �ess
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