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I i 2� 15�7422 ! DEED �F TRUST ; Lvan No: 1 D7�94'14'1 �Continued� Page 5 � �he Rea� Prvper�y. Trusto�- shall �-eimburse Lender for aif taxes, as descrihed b�lvw, �flge�ther with all expenses incurred in recarding, perfec�ing or cvntinuing this Deed ot Trust, including without limitation alf taxes, fees, � documentary stamps, and other charges for recvrding vr registering�his aeed ❑�Trust. � Taxes. The �o�low�ng sha11 constitute �axes �o which this section applies: �'t} a spe�i�ic tax upvn this type of ' Deed ��Trust ❑r upvn a!� nr any part of the Indebtedness se�ured by this I�eed of Trust; �2} a specific tax �n � Trus�or which Trus�tar is authorized or required�v deduct frvm payments ❑n the Indebtedness secured by this type of ❑eed of Trust; {3� a tax an this type o�Deed n�Trust chargeable against the Lender or the h�lc#er of the Note; � and {4} a specific fiax❑n all ❑r any portivn of the lndebtedness or vn paymenfis ❑�p�-incipa! and interest made by Trustor. Subsequent Taxes. lf any tax �o which this sec�ian applies is enac�ted subsequent to �he date of this aeed af Trust, �his e�ent shall ha�e �he same effect as an E�en� v� Defaul�, and Lender may exercise any vr aE! o# its available remedies �or an E�en� v-� Default as pro�ided bel�w unless Trustor either t 1} pays the �ax befvre i� be�vmes deiinquent, or �2} contests the�a�e as pro�ided abo�e in�he Taxes and Liens section and depasi�s with Lender cash or a su�ficient corporate surety bond or other security sa�isfactory to Lender. SECURITY AGREEMENT; FINANC�NG STATE1tiJlENTS. The follawing pra�isions reEating t� this Deed o� Trust as a security agreement are a part❑�this Deed af T�-ust: Securi#y Agreement. This ins��-ument shal! constitute a Security Agreemen� t❑ �he ext�nt any o� the Prvper�y constitutes fix�ures, and L�nde�-shall ha�e a!I of the rights af a secured party under the Unifvrm Commercial Cvde ' as amended�rvm time tv time. Securi�y Interest. Upon request by Lender, Trustvr shall fiake whate�er action is requested by Lender tv perfect and continue L�nder's security interest in �he Rents and Personal Property.� ln addition �o re�ording this Deed of Trus� in the real praperty recvrds, Lender may, a� any time and without fur�he�- autharization fram Trustvr. file exe�uted cQunterparts, capies ar reproductions of this Deed o� Trust as a financing statement. Trusfior shall reEmburse Lender fvr all e�penses incurred in perfecting ar continuing this securtfiy interest. Upan default, Trus�tor shall no� remo�e, se�er ar detach the Personal Property from the Prvperty. Upon de�faul�, Trustar shafl assemhle . any Personal Pro�erty not affixed to the Prvperty in a manner and at a place reasonably cvn�enient to Trus�or and L�nder and make it a�ailable tv Lender within three �3� days after rece�pt o� written demand from Lender to fihe exten�permitted by applicable Eaw. Addresses. The mai�ing addresses o� Trus�tor �debtor} and Lender �secured party} fram which in�vrmativn �oncerning �he security in�eres� grant�d by this Deed at Trus� may he ❑btained �each as required i�y the Uni�orm Commercial Code� are as stafi�d an the first page❑f this Deed vf Trust. FURTHER ASSURANCES; ATT�RNEY-�N-FACT, The f�llowing pro�isivns relating ta fur�her assurances and attorney-in-�a�t are a part of this Deed af Trust; � Further Assurances. At any time, and fram t�me t❑ �ims, upon reques�v� Lender, Trus�ar will make, execute and � deli�er, ar wil[ cause t❑ be made, �x�cu�ed vr deii�ered, to Lender or�o Lender's designee, and v►rhen reques�ed hy Lender, cause�o be filed, recarded, re�iled, or rerecarded, as the case may be, at such #imes and in such o�F�Fices and places as Lender may deem appr�priate, any and all such mor�gages, deeds o�trust, securi�y deeds, securi�y agreements, �Enancing s�atements, con�inuatian statements, insfiruments �f further assurance, certi�icates, and ❑ther documents as may, in the sole vpinion o� Lender, }�e necessary or desirable in order�v effectuate, �omple�e, per�e�t, con�inue, vr preser�e {�� Trustor's obiigations under the Na�e, this ❑eed �� Trust, and the Rela�ed Documen�s, and {2} the lFens and security interesfis �reated by this �eed o-�Trust as firsfi and priv�- (iens on�he Proper�y, whether naw nwned or herea#ter acquired by Trustor. Unless prohihi�ed by law ❑r Lend�r agrees ta the cantrary in wri�ing, Trusfivr shall refmburse�Lender for ail costs and �xpenses incurred in connecti�n with the mat'ters referred to in this paragra�h. At�arney-in-Fa�t. !f Trust�r fails ta d� any ❑f the things referred t❑ in the preceding paragraph, Lender may d� sa for and in the name af Trustor and afi Trusfiar's expense. For such purposes, Trus�or hereby irre�ocal�ly appoin�s Lender as Trustor's atkorney-in-fac�k for the purpose ❑f making, executing, defi�ering, fi�ing, recording, and daing ar[ v�her �hings as may be necessary vr desirable, in Lender's soEe �pinian, to a�comp[ish the matters re#erred ta in the preceding paragraph. FULL PERF�RMANCE. !f Trustor pays a�1 #he Indebfiedness when due, and atherwise per�arms all �he vhliga�ians imposed upon Trustor under this Deed ❑f Trust, Lender shall execute and deli�er �o Trus�ee a request �or fu11 recon�eyance and shall execute and deli�er to Trustor suitab�e statements of�erminatian vf any f�nancing sta�ement vn file e�idencing L�nder's securi�y interes�in the Rents and�the Persvnaf Proper�y. Any recvn�eyance�ee required by law . shaf I be paid �y Trustvr, if p�rmitted by applicable law. . EVENTS DF DEFAULT. Ea�h vf�he �vli�wing, at Lender's option, sha[E constitute an E�snt vf De�ault under�his aeed af Trust: Payment De�ault. Trustor�ails to make any payment when due under the lndebtedness. � D�her De�aults. Trus'tvr tails to cvmp�y w�th ar t❑ perfarm any other term, obligafiivn, �o�enan� or conditian canta�ned in this ❑eed ❑f Trus� ar in any of the Related av�uments or ta comply wi�h �r �o perfarm any term, ❑bligati�n, co��nant❑r condition con�ained in any other a�reement between Lender and Trustor.