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��1 5�641 �
<br /> �EEC� �F T�U�T
<br /> ���11�[t�i��d} P�g��
<br /> Subsequent Taxes. lf any tax tv which this sec��vn applies is enacted subsequent�v the da�e of this D�ed of
<br /> Trust, this e�ent shall ha�e the same effec�t as an E�en� v� Defaul�, ancf Lender may exercise any or ail of its
<br /> a�ailable remedie� for an Ever�rt vf �efauf�as prv�ided below unless Trus�or either �'k} pays�he tax be�ore i�
<br /> becomes delinquen�,or �2� oantes�s the tax as pro�ided above En the Taxe�and �iens sec�ian and depasb�s with
<br /> Lender cash vr a suffiGien#�vrparate sure�y bond or ot�er se�ur��y satisfactory to L�r7der.
<br /> SECURI'T"Y AG�EEMENT; FINANCING S�ATElUIENTS. The foifvwing pr-o�isivns relating to this Deed of Trust as a
<br /> security agreement are a part of this Deed af Trus�:
<br /> Securt�y Agreem�nt. This instrumen� shall const�tute a Security Agreem�nt tv the extent any of the Property
<br /> cvns�itutes fix�ures, and Lender shall have al�of the rights of a seGured party under�he Uni�orm C�mm�rciaf �od�
<br /> as amend�d from time#a time.
<br /> Seca�ri�y Interest. Upon request by Lender, Trustor shall �ake wha�ever action is r�quested by Lender�o �erfect
<br /> and continue Lende�-'s security interest in the Rents and Persanal Praperty. In addition t❑ recording this Deed a�
<br /> Trust in the rea! p�operty reco�ds, Lender rnay, at any tirne and without further authoriza�i�n �rom Trustor, fle
<br /> executed counterpar�s, �vpies or reproductions of th�s Deed of Trust as a financing staternent. Trus#ar shall
<br /> reirnburse Lender fa�-a[1 expenses�ncurred in per�e�t3n� or continuing this securi#y infe�est. lJpon default, Trustor
<br /> shal� not rernv�e, se�er vr deta�h the Persvnal Propert��rrom the Praper-ty. Upon defau��, Trustor sha�l assemble
<br /> any Persona�Property not affixed ta the Property in a manner and at a piaee reasonably can�enient to Trustor and
<br /> Lende�and make �t a�ailable �v Lender v��thin three �3� days afte�rece�pt of writ��n demand frorn Lender to the
<br /> ex�en�p�rrnitted by applicable law.
<br /> Addresses, The mailing a�dresses a� Trustor {debtvr} and Lender �seGured party} from which in�Forma�ian
<br /> �oncerning the security interest gran��d hy this ❑eed o�Trust may be abtained �each as r�quired by the Unifvrm
<br /> Commarcial Gade}ar�as stated on the firs�page of�his Deed o�Trust.
<br /> FURTHER ASSURA�ICES; ATT�RNEl�-IN-FACT. The �a[faw�ng pro�isions relating to further assurances and
<br /> at�arney�in-fact are a part�f this Deed o�Trust:
<br /> Further I�ssurances. A�any�ime, and from t�me to time, up�n request of Lender,Trustor will make, exe�ute and
<br /> del iuer,ar wi 11 Gau�e ta be made,executed a�de�ivered,to L�nder or to Lende�'s designee,and when requested by
<br /> Lend�, �use�o be fiied, recorded, refiled, ar rereco�-dec�, as the case may b�,at such fimes�nd in su�h o#fi�e�
<br /> and p�a�es as Lender r�y deem appropriate,any and all such mor�gages, deeds o�firust, s�curity deeds,securif}r
<br /> agre�men�s, financing sta��ments, continuation statemen#s, instrumen�s of further assuranoe, cert�fica�es, and
<br /> other dacuments as may,in the sole opinian o�Lender, be neae�s�sary ar desirab[e in order�a effectuate,caarnpiete,
<br /> per�ec-�, c�n�inue, ar preserve �'�} Borrawer�s and Trusto�'s obligations under the Note, this i�eec�of�"rust, �nd
<br /> fhe Related Dacuments, and ��} the liens and secur�ty�nter�sfs�r-eated hy this DeEd o�r Trusfi as frs�and priar
<br /> liens an the Praperiy,whether now awned or hereafter at�quir�d by Trus�a�. Unless �roh�bited by favv ar Lender
<br /> agrees tv the oan�rary in wri�ing,Trustor shall reimburse Lencler for a[1�osts and�xpenses in�uRed in connection
<br /> with the matters referred ta in this paragraph.
<br /> Attorney�in�Fact. if Trusfvr fails ta do any of�he�hEngs r�eferred to in�he preoeding paragraph,Le�nder may d❑sa
<br /> for and in the name af Trustar and at Trustor's expense. For such purp�ses, Trus�vr hereby irrevocably a�apoints
<br /> Lend�r as Trustar's attorney-�n-fact fvr the purpvse a�making,executi ng,de�iueri ng,f[tng, recordi ng,and doi ng af I
<br /> oth�r things as may be necessary or desirable, in L�nder's sole opinion,to accomp[ish the matters referr�d�❑ in
<br /> �he preceding paragraph.
<br /> FULL PERF�R}�ANCE. If Borrower and Trustor pay al[fhe Indeb�edness when due, and T�-ustc�r�otherwise per�arms al�
<br /> the�bliga�ions imposed upon Trusf�r under this Deed�f Trusf,Lender shall execute and deli�er tv Trus�ee a reques�for
<br /> full reGvn�eyance and shall�xecute and deli�er to Trust�r su[table staterr�ents of�erminatian o�any fnan�ing stat�rnent
<br /> ❑n file e�id�n�3nc�Lende�s security interest in the Rents and the Personal Prvperty. Any reconveyance fee required�y
<br /> �aw sha��be paid by Trustvr,if permitted by applicable law.
<br /> EVENTS �F DEFA�LT, Ea�h o�the�allowing, a� Lender's❑ption, sha�I cansti#ute an Event of Default under this Deed
<br /> �f�'ru st:
<br /> Payment Defau[t. Ba�rower fails tv make any payment when due under�he Indebtedness.
<br /> �ther defaults. Sorrawer or Trustar�ails�o comply with or ta perform any vther ferm, ab�igation, covenanf or
<br /> cvnditivn contain�d in this Deed o�Trus�or in any af the Re�ated Documents ar�o camply wi�h ar to per�nrm any
<br /> t�rm,abligativn,co�enant vr cvndi#ion�on�ined in any other agr�ern�nt be#ween Lender and Borr�wer❑r Trus�or.
<br /> Compiiance De�ault. Failure tv campfy wi�h any oth��- term, obligativn, co�enant or �andition c�ntained in this
<br /> Deed vf Trust,the Note or in any of the Rela�ed❑acuments.
<br /> De�ault on�her Paymenfis. Fai[ure o�Trustor within the time�e�uired by�his Deed of Trus�tv make any payment
<br /> far taxes or insuran�e, or any o�h�r payment naGessary ta prev�nt fi�ing of or�o e�Fe�t discharge vfi an��ien.
<br /> Defaulfi in Fa�vr vf Thi�-d Parties. Shou�d Bvrrvwer vr any Grantor default under an� �oan, extension of Gredit,
<br /> security agreernent, purchase ar sales agreernent,or any other agreement, in fa�or af an�ather creditar vr persvn
<br /> that may materially a�fect any af Borrower's or any Grantar's property �r Bvrrower's abili�y tv repa� the
<br /> Indebtedn�ss vr Borrowe�'s ar Grantar's ability to perform their respecti�e ob�igations under thi� Deed o�Trust or
<br /> any of the Refated Docu ments.
<br /> Fa[se Statemen�s. Any warranijr, represen�a�ian or sfiatement made ar fumished to L�nder by Barrvwer�r Trustor
<br /> vr on Barrower'�vr Trus�ar's behalf under�his �eed vf�rust ar the Re�ated D�cuments �s fa�se ar misl�ading in
<br /> any materia[ respect, either now nr afi the �Eme rnade or furnished ❑r k�eeomes fafse or misleading at any�ime
<br /> �herea�ter.
<br /> ❑efecti�e �o[la#eralization. This ❑eed v�Trus# ar any ❑f the Re�ated Documenfs ceases �o be�n �ul� for�e and
<br /> effect �inc[uding fai�ure of any c�lla�eral dacurnent�� create a�a1id and perfsc�ed security interest or lien}at any
<br /> time and fvr any reason.
<br /> ❑ea�h vr�nsol��ncy. The death❑f Borrower ar Trustor, the ins�l�eney vf Barrower or Trus�or,the app�intrnent o�
<br /> a recei�er far any par�of Bvrrower's vr Trustor's property, any assignment for th�hen�fit of creditars,any typ�o�
<br /> credi�ar warkaut, vr�he commencemsnt of any pr�Geeding under any bankruptcy ar insv�vency laws �y❑r against
<br /> garrower vr Trustvr. �
<br /> Creddtor flr Forteiture Pro�eedEngs. Commencement❑f�oreclosure �r forfeiture proc�edings, wh�ther by judicial
<br /> praceedin�, se1�help, reposs�ssivn vr any vther method, by any �reditar of Ba�rawsr or Trust�r or by any
<br /> yvvernmental agency against any property securing #he Indebtedness. This incfudes a garnishment of any o�
<br /> Sorr�wer's or Trustor's acGounts, including depv�it accoun�s, with Lender. How��er, this E�ent v� Default shall
<br /> not apply if there is a gaod faith di�pufie by Borra�rver or Trus�or as tv the Walidi�y vr reasonableness of the claim
<br /> vvhich is the basis of the creditvr vr�vrte�tu�'e pr��eed�ng and if Bor�rower vr Trustar gives Lender written notice of
<br /> the�reditt�r ar forFeitur�proceeding and depvsits with Lender monies❑r a surety bond�or�he credi���-or�arTei�ure
<br /> proceedir�g,in an amount determined by Lender,in i�s sv�e dis�reti�n,as being an adequate reserve ar bond�or the
<br /> dispufe.
<br /> �rea�h of�ther�greem�nt. Any breach by Borrower�r Trusto�under�he terms a�any ather agreemen�betwe�n
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