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2�� ���� s�
<br /> DEFD �F TFiLJ�T
<br /> ��ortt�nu�d� Page 4
<br /> i��curred in recording, per�ecting vr cvn�inuing this D�ed ❑� Trus�, including withaut limitatifln all taxes, ��es,
<br /> ��cumentar�starnps,and other charges for r�cord�ng or registering�his��et�vf Trust.
<br /> T'axes. The �os�vvving shaSS consti�ute fiaxes tv whi�h this se�tion appl3es: (�y a specific tax upon th�s �ype af
<br /> Cfeed af Trus� or upvn a�! ❑r any part v�the Endebtedness secured hy�hi� Qeed af Trust; 4�a a spe�ific tax an
<br /> Trustor which Trustvr is author3zed or required ta deduct from payments on the lndeb�C�dness secu�ed by this fiyp�
<br /> �f aeed of Trust; [3} a tax on�this�ype of❑eed of Trus�chargeabie against�he Lender or the hofder of the Credit
<br /> � ��greement; and {4y a speci�ic tax ❑n a[f or any partivn ❑f the lndebt�dness vr on payrnents of prin�ipal and
<br /> int�res�made hy Trustar.
<br /> �ub�equent Tax�s. I� any tax to vvhich this sgc���n appfies is enac�ed su�sequent t� the date af this �3ee�i ❑f
<br /> �'�rUst, this e��nt shal� have 'tl�e sam� e�f�ct as an E�ent ot Defau�t, and L�nder rnay exer�ise ar►y or al1 a� its
<br /> available remedies ft�r�an E�ent a� Defauft as prv�ided below uniess Trustor ei�her �1} pays the tax before i�
<br /> . he�omes delinquent, o� RZy contes�s the tax as pra�ided abo�e in the Taxes and L�ens sect�vn and depasi�s with
<br /> . Lend�r cash or a su�fici�n�cc�rporate surety bond❑r❑ther security sa�tis�a��vey to L�nder.
<br /> SEGU��ITY AGREEMENT: F[NAN�iNG STATEfIIlENTS. The �olfawing prv�isi�ns relating ta �his Deed �� Trust as a
<br /> securi�y agreement are a part af this aeed a�Trust:
<br /> �ecurity Agreement, This instrument shafl �anstitu�e a 5e�urity Agreement ta th� exten� any ofi �h� Praperty
<br /> constitutes�ixtures, and Lender shaii have all�f the r�ghts a�a s��ured par�y under the Unif�rrn Commer�ia] Cade
<br /> as amended�ram time to tirne.
<br /> Securi�ty �n#eres�. �pon request by Lender, Trus�or sha[f take whate��� action is requested by Lender to p�rfiect
<br /> and continu� L�nder's securi�y inte�est in�the Personaf Prvperty. fn additi�n ta recvrding�his �e�d af Trust in the
<br /> - r�al proper�y recvrds, Lender may, a� any time and withaut �urther authorization �rvm Trustor, file executed
<br /> caunt�rpartsr copies or reproductians o� this ❑eed o# Trust as a financing s�atement. Trustor shall reimburse
<br /> Lender for all expenses incurred in perfecting or cantinuing this security interest. Upan default, Trustor sha[� not
<br /> r�mo��, se�er ar detach the Persona� Property frvm the Praperty, Upan de�ault, Tru$ta� shal� assemble any
<br /> Persona[ Property not affixed to the Proper�y in a rnann�r and at a place reasanably con�enient #o Trus�ar and
<br /> L�nder and mal�e �t a�ai�ab�e �a Lender within three {3} days a�ter rec�ip� of written demand frorn Lender to �he
<br /> exten�permitfied by applicable law.
<br /> A,ddresses. The rnai��ng addresses a# Trustar tdebtor� and Lend�r �s��ured party� fram which inforrnation
<br /> c�ncerning �he securi�ty interest granted hy '�hFs D�ed of Trust ma� be ob�kained {each as required by the Unif�rm
<br /> Carnmercial �ade� are as stated an the first page ot this �eed af Trust.
<br /> FURT��ER ASSURAN�ES; ATTDRNEY�tN-FACT. The �v�{owing pra�isions relating �� further assuran�es and
<br /> attorn��y-�n-fact�re a part a�this Deed of Trust:
<br /> F�rrther►4ssurances. A�any�ime. and frvrn time to time, upon request af Lender, Trustor will make, execute and
<br /> d�f�ver, ❑r will cause t� he made,exe�uted nr deli�er�d,ta Lender❑r ta L�nder's designe�,and v►rhen requested by
<br /> L�nder, cause�� be filed, recarded, refiled, ar rerecvrded, as the case rnay b�. at such times and in such offices
<br /> a�d p�aces as Lender may deem appropriate, any and all suGh mortgages. deeds af trus�, security deedsr security
<br /> a�reements, financing statem�nts� cantinuatian statements, instrurnents af further assurance, certificates, and
<br /> o�ther documents as may, in the saie❑pinivn vf Lender, he necessary or desirab�e in❑rder t�effectuate, c�mp�ete,
<br /> �p�rfe��, cantinue, or pr�serve {13 Trustor's obligatEons under the Credit Agreernent, �his Deed o�Trus�, and the
<br /> Related Docum�nts, and t2} �he liens and se�urity in�erests crea��d by this De�d v# Trust an th� Property,
<br /> v+�heYh�r naw owned vr hereafter acqu�r�d by Yrus'tar. [Jnless prah�bi��d by law vr L�nder agrees tv�he contrary in
<br /> wrriting. Trus��r shall reimburse Lender far a[f �osts and expenses incurred in connectian v►�ith the ma�tters referred
<br /> tc�in this paragraph.
<br /> Atkarney-in-FaGt. ff Trustvr�ails to do any o#rhe things referred to in the pre�eding paragraph, Lender may da so
<br /> fc�r and in ths name af Trustor and at Trustvr's expense. Far such purposes,�rustor hereby irre�acabiy appoints
<br /> Lr�nder a�Trustor's attvrney-in-fact�for the purpvse a�making, �xecuting, deli��ring, filing, recvrding, and doing a�i
<br /> ❑�her things as may be necessary or desirabl�, in Lender`s sale ❑piniQn, t❑ accomp[ish the matters re�erred t� in
<br /> the preceding para�raph,
<br /> Fl�LL F'ERF�FiM►4NCE. If Trus�or pays a!I the lndebtedness when due,term�nates tf�e credit�ine a��aunt,and atherwise
<br /> perfarrns a��the obf igatians imposed upnn Trustar under this �eed o�F Trust, Lender sha��execute and deliver�o Trustee
<br /> a req�est far full recan��yance and sha[[ e�ecu'�e and d�liver �Q Trus�tar suitable statements a� termination ��F any
<br /> #inancing sta'ternen�t on file evsdencing Lender's securi�y interest in the Ren�s and the Persona� Proper�y, Any
<br /> reconveyance fee�equired by faw shall he paid by Trustor, if permi�tted�y applicabfe fav�►.
<br /> EVENT'S �F DEF�IILlLT. Trustvr wi1l he in d��Fault under�his ❑eed o'�Trus�i�any of#he fvl�ow�ng happen: �A} Trustor
<br /> cvrnmits fraud or makes a mat�rial mis�epresen�a�ion at any �ime in cvnn�ctian wi�h the Credit Agreem�n�, Th�s can
<br /> inctud�, f�r example, a �a1s� sfiatement abvu� T�ustar's incvme, assets, lia�iliti�s, or any ❑�ther aspec�Cs a� Trustor's
<br /> finan�ial candition. {B� Trusta� does na�rneet'�he repayrnen��erms af the �redit Agreement. �C� Trustar's action ar
<br /> inaG�ion ad�ersely affects �he �aEfa�eral ar Lender's rights in the callateral. Th�s can include, for example, �ailure to
<br /> rna:ntain required insurance, waste or des�ructive use af the�w���ing, failure t� pay taxes,death Q#a�l persons 4iable on
<br /> the accoun�, transf�r o� t�tle or sale vf the dwelling, creation of a senior lien on th� dwglling withaut Lender's
<br /> p�rmission,fvre�losure by the hvlder of an��her lien,or�he use o�funds vr the dwe!ling fvr prohibited purpases.
<br /> RtGHT�S AND REi'�IIEDIES DN �EFAULT. l�an Event�f Defaul�occurs under�his ❑eed❑f Trust, a�any time therea�ter,
<br /> Trusre�ar Lender may exercise any one❑r rnore of'�he follvvving righrs and remedies:
<br /> Ac�e�er�tian Upon Defauf�r Additianal Remedies. I�any Event 4�Defau�t occurs a$ per the terms o��he Credit
<br /> Agre�ment secur�d hereby, L�nder may declare a[I Indebtedness secured �y this Qeed af Trust to be due and
<br /> , payable and�he same shall th�reupvn be�ome due and pa�able without any presentment, demand, profiest or
<br /> nvtice❑f any kind. Therea€ter, Lender may:
<br /> {a� Eifih�r in persnn or by agen�, with vr withaut bringing any actian or proceeding, or by a recei�er
<br /> appointed by a caurt and wi�Chvut regard t�#he adequacy of its security, enter upon and take pvssession
<br /> o��he Property,❑r any part therea�, �n its vwn name vr in th�narne�f Trustee, and dv any acts whi�h it
<br /> d�ems ne�essary ar desirabEe�o preserUe�he�aiue. marketabifi�y or rentabiii�y of the Praperty, �r part of
<br /> the Property or inter�sx in the Prope�ty; in�rease the income from#he Property ❑r prate�t the s��urity of
<br /> th� Prap�rty; and, with ar without �aksn� �assession of the Pra�erty, sue for �r otherwise caSSect the
<br /> ren�s, �ssues and p�ofits ❑f fihe Prvperty, incl�ding those past due and unpaid, and apply the same, I�55
<br /> Gosts and exp�ns�s o�vperatian and co�lect�an attarneys' fees, �o any indebtedness se�ured hy fihis Deed
<br /> af Trust, a!! in su�h order as Lender may determine. The entering upon and taking passession o�` the
<br /> Prvperty, the cvilection of such rents. �ssues and profits� and the application thereof shall nat cure or
<br /> . wai�e any default❑r nofiice vf default under fihis ❑eed o�#Trust or in�alidate any act dvne in �espnnse to
<br /> su�h de�Fault�r pursu�nt to such notice o�de�auEt; and, natwiths�anding the Gontinuance in passess�on o�
<br /> the Praperty or the cafleGtion, receipt an� appfication ❑fi rent�, issues ❑r prafits, Trustee ar Lend�r shall
<br /> be entitted �o exercise e�ery right pro�ided far�n the Cr�dit Agreement or the Related Do�umen�s or by
<br /> �avir upan�he occurrence o'�any even�af defauf�t, �n�iuding t�he right to exercise the power of sale;
<br /> �b} Commen�e an action�v foreclose this D�ed vf Trust as a mortgage. appoint a receiver o�spec��ical�y
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