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2� 15�7595
<br /> DEEI3 �F TRUST � .
<br /> Lvan Na: 'I�D7 5847 �Contlnu�d} Page 4
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<br /> Taxes. The failawing shall consfitute �taxes to which this section appl�es: {1} a speci�ic �ax upvn this type o�
<br /> Deed vf Trust or upvn aI[ vr any part of�he lnd�ht�dness secured by �his De�d o�Trust; [2} a specific�ax an
<br /> Trustor which Trus�or�s authorized ar required to deduc��rc�m payments on th� [ndebtedness secured hy this�ype
<br /> o�Deed vf Trust� �3} a tax on th�s type flf❑eed o�Trust chargeab�e againsf the Lender or�he hv�der af the iV�te;
<br /> and �4} a sp�ci�i�ta�c on a11 ar any portion o�the [nde�tedness ar on payments of principaC and in�erest made by
<br /> Trustor.
<br /> 5ubsequent Taxes. !f any tax to which this sec�ion applies is ena�ted subsequent tv the date of this Deed of
<br /> T�ust, th�s e�ent shall ha�e the same efF�ct as an E�en� ❑# De�ault, and Lender may exercise any ar a�! of ats
<br /> � avai�abie remedies fvr an EWent o� De�ault as pravided be�ow un�ess Trustor either 41} pa�s the tax be�vre ��
<br /> �ecvmes deiin�uenfi, or �Z} contests the�ax as prvvided above in�he Taxes and Liens section and depasits With
<br /> Lender cash vr a su-�ficient corpvrate surety band or other security sa�isfactory to Lender.
<br /> SEGURITY AGREEII�ENT; FINANCING STATEiV1E�T5. The �allvvtiring provisians reIating ta th�s Deed of Trust as a
<br /> security agreement are a part of th�s Deed nf Trust:
<br /> Security Agreement. This instrument shall Gvnsti�u�e a Security Agreemen� to the ext�nt any o� the P�-operty
<br /> cvnstitutes�Extures, and L�nder shall ha�e al1 v�the rights v�f a secured party under the Uniform Cvmmercial Cnde
<br /> as am�n�ied frorr�time ta time.
<br /> Securrty Interest. Upon request by Lender� Trus�or sha�I take whate�er action is request�d by Lender tv psr�ect
<br /> and c�ntinue Lender's security interes�in the Personal Pr�perty. fn addition tv re�ording this �]eed v�Trust in the
<br /> rea� property recards, Lender may, at any time and without further authori�atian frnm Trustor, file executed �
<br /> caunterparts, copies ❑r reprvductions of this Deed �� Trust as a �inancing statement. Trustor sha[� re�mburse
<br /> Lender for all expenses incurred in perfec�ing or continuing this security in�eres�_ Upon de�au��, Trustor shali no�
<br /> remv�e. se�er or detach the Persana� Rroperty from the Property. Upan defauj�, Trustor shall assemb[e any
<br /> Pe�svnal Property nait affixed �o the Praperty in a manner and at a pIace reasQnab[y con�enient to Trustvr and.
<br /> Lender and make it available to Lender within �th�ee �3} days a-�ter �eceipt vt writken demand fram Lender�❑ tlne
<br /> extent permitted by a�plicab�e lawo
<br /> Addresses. The mai�ing addresses of T�us�ar �deb�or} and Lender �se�u�ed party} from wh�ch in�vra�nation
<br /> cvncernEng the security interest g�an�ed by�his Deed o�Trus� may be ohtained {each as required by the Uni�orrr�
<br /> �ommsrcial Code} are as stated an the frrst page vf this Deed vf Trus�,
<br /> FUFiTHER ASSURANGES; ATT�RNEY-IN-FACT. The fo�low�ng pravisions reIating �o �urther assurances and
<br /> attorney-in-fact are a part a#this C�eed �f Trust:
<br /> Further Assua-ances. At any time, and frvm time�o �3me, upvn request o� Lender, Trustar wiII make, execute and
<br /> � de�iver' or wi��cause tv be made, executed or de��Wered,to Lender❑r to Lender's designee, and when r�ques-�ed by
<br /> Lenderr cause t� be filed, recvrded, refiled, o� rerecorded, as the case may be, at such �imes and in such ofi�ices
<br /> and pIa�es as Lender may deem appropriate, any and a�� such martgages, deeds a�trust, security deeds, secu�-ity
<br /> agreements, finan�ing statements, cvntinuation statemen�s, inst�uments of �urthe� assurance, certi�icates, and
<br /> other documents as mayr in the sole opinivn o�F Lsnder. be necessary or desirab�e in vrder to ef�ectuate, �vmpiete,
<br /> per�e�t, continue. or pres�n�e �'1} Trus�or's abligations under the Nate, this Deed of Trust, and the Refated
<br /> Documents, and �2� the Iiens and security interests c�eated hy this Deed vf Trust on the Property, whether now
<br /> owned vr herea-Fter a�quired by Trustor. Unless prohihited by IaW or Lend�r agrees to the cvntrary in wrifiing,
<br /> Trusfiar shall reimlaurse Lender far a�� casts and�expenses �ncur�ed in connec�ian with the ma�ters referred�o in this
<br /> paragra�h.
<br /> At�vrney-in-Fact. l�Trus�v�fails to do any af the�hings referred ta in t�re preceding paragraph, Lend�r may da so
<br /> fvr and in tne name v�Trus�or and at Trustor's expense. For such purposes, T�ustor hereby irre�ocably appa��ts
<br /> Lender as T�-ustor's attvrney-�n-#act f�r�h� purpase�f making� executing, deli�eriny, -�iling, recardingr and doing all
<br /> athsr things as may be necessary ❑r desirable� in Lender's so[e apinian, to accomp�ish �he mat�ers re�erred �n in
<br /> the preceding paragraphe
<br /> FULL PERF�RtV�ANCE. �� Trustor pays a�� the �ndebtedness when due. and o�herwise per�vrms all the obligations
<br /> impased upon Trustor under this l�eed ofi Trust, Lende� shall execute and deliver �� Trustee a r�quest �or �uli
<br /> recvn�eyance and sha���xecute and deli�er to Trustor sui�able stafiernents of term�nation ��any financing s�atement vn
<br /> �i�e ev�dencing Lender's se�u�-ity in�erest in the Rents and the Personal Prvperty. Any recon�eyance�ee required by Iaw
<br /> sha4i be paid by Trustor,if permitted by applicable Iaw.
<br /> E1lENTS �F DEFAULT. At Lender'� ❑ptionr Trus�or will be in de�au�t under this ❑eed af Trust if any ❑f the �oi[owing
<br /> happen:
<br /> � Payment De�Fault, Trustor fails tv make any payment when due.unde�the �ndebtedness.
<br /> Break 0#her Prom�ses_ Trustar breaks any promEse made ta Lender vr -�ails fia per�vrm ptomptly a� the time and
<br /> str�ctly in the �nanner prv�ided in this Deed��Trust or in any agreement reiated�a th�s �]eed of Trust.
<br /> CvanpIiance Defau�t. Failure fa cvmply v►ri�h any other �e�m, vbi�gatian, co��nant o� condi�ivn cantained in this
<br /> Deed a�Trus�.the Note or in any of the Rela�ed Dvcum�nts.
<br /> Defau�t vn�ther Payments. Failure❑f Trustor within the time required by this Deed of Trust�a make any payment
<br /> for taxes ar insurance, o�-any other paym�nfi necessary tv prevent���ing o��r to effeGt discharge❑f any��en.
<br /> Default in Favor of Third Parties. Shou�d G�antar de-Faul� under any loan, extensian of credi�, security agreement,
<br /> pu�chase �r sa�es agreement. or any othe�agreement, in fa�ar of any ather credit�r vr persan that may materia�Iy
<br /> a-�Fe��t any a� G�antor's property or G�an�tvr's ab�lity to repay the [ndebtedness or Grantar's ahi�i� ta perfarm
<br /> Granto�-'s obli9ations under this Deed a�Trus�❑r any o�F the Related Documents.
<br /> Fa�se Statements. Any representativn a�statement made ar furnished to Lendsr hy Trustar or on Trustvr's behalf
<br /> under this C�eed of Trust vr�F�e Re1a'�ed Documents is faIse ar misleading in any materia[ respect, ei�her naw or at
<br /> the�ime made ar�urnished,
<br /> �e#ective Coflateralization. This ❑�ed of T�.rst or an� o-F �he Rela�ed Documen-ts ceases t� be in �u�� force and
<br /> ef�ect tincluding fai�ure �� any co��a�eral document to create a �aiid and perFected security inter�st vr �ien} at any
<br /> time and for any�eason.
<br /> Death ar In�olvency� The death o�Trustar,the insv��ency o�Trustor,the appointment❑f a recei�er for any part❑f
<br /> Trustar's prvper�y, any assEgnment ��r the benefit af cred�tors, any �ype vf creditor wv�kout� or the
<br /> cammencem�nt of any proceeding under any bankruptcy vr insvlvency laws by ar against Tru�tor.
<br /> Taking of the Property. Any c�edit�r or ga�ernmen�al agency tries tv take any o� the Property or any vthe� of
<br /> Trustor's prvperty �n whi�h Lende� has a [1en. This inc�udes �aking a�, garn�shing ot vr ievying on Trus�or's
<br /> accounts with Lender. Hawe�er, if l"rustor dis�Outes in yaod faith whether �he claim on which the tak;ng o� �he
<br /> Property is �ased is -va�id ❑r reasvnab�e, and if Trus�or gi��s Lender wri�ten notice o� t�e clairr� and furnishes
<br /> Lender with mon�es or a surety bond satis�ac�ory t� Le�der to satis�y the �laim, then this de�ault prv��sion will no�
<br /> appfye
<br /> Breach vf ather►�greement. Any brea�h by Trustar under the terms a�r any vther agreement betv►reen Trustor and
<br /> Lender that is nvt �-emedied within an� grace period pro�ided therein, �ncluding withou� iimitat�an any agreemen�
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