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2� 15�7�8�
<br /> DEED �F TRUST
<br /> ��arltir�u��� Page 4
<br /> Taxes. T�e fvllowing shall cvn�titute taxes to which this sect�on applies: �'�� a specEfic tax upon this �ype o�
<br /> Deed of Trust or upvn afl or any par� of�he Indebtedness se�ured by �his ❑eed o#Trust; ��� a specific tax an
<br /> Trustor whi�h Trus�or is authvrized or required ta deduc�fram payments on the lndehtedness secu�ed by this type
<br /> of�eed af Trust; �3) a tax vn this type o�Deed of Trust chargeab�e aga�nst the Lender or the ho�der of the �redi�C
<br /> Agreemen�; and �4� a specific �ax on all ❑r any portion of the �ndebtednes� ar on paym�nts of p�incipal and
<br /> interes�made by Trustor.
<br /> Sut�sequent Taxes. I�F any tax to which this sectian applies is enacted suhsequent to the date af this Deed of
<br /> Trust, th'rs e�ent shafl ha�e th� same effe�t as an E�en� of Default, and Lsnder may exercise any ❑r aif of its
<br /> a�ai[able remedies �or an E�ent of Default as pro�ided i��lovu unless Trus�ar either {1} pays the tax befare it
<br /> �ecom�s delinquen�, vr t2� cvntesfis �he tax as pro�ided abo�e in the Taxes and Liens sec�ion and deposits with
<br /> Len��r cash ar a suffi�ient corporate surety bond ar othe�seeurity satisfactory�o Lender.
<br /> SE�l1RtTY AGREEMENT; FINAN�fN� STATEMENTS. The fol��wing pro�isions rela�ing to this Deed o� Trust as a
<br /> se�urity agreement are a part of this Deed af Trust:
<br /> Security Agreemen�. This instrument shaff cons�fiitute a Secur�ty Agreemen� ta �he extent any flf the Property
<br /> constifiutes €ixtures, and L�nder shall ha�e afl of the rights af a se�ured par�ky under fihe lJni�orm Commercial Code
<br /> �s amended f�am time�o time.
<br /> Se�ur�ty fnterest. UpoR request by L�nder, Trustar shall take wha�e�er aetion �s requested �y L�r�der tv per�Fe��
<br /> and cantinue Lender's seGurity inter�st in the PersonaE Prvperty. !n addi�ion to recarding this ❑�ed af Trust in the
<br /> real praper�ty recards, Lender may, at any time and w�thout further au�hori�ation from Trustar, fiile executed
<br /> �aunterparts, copies ar reproductions af thi� Deed of Trust as a financing statement. Trustor shall reimburse
<br /> Lend�r far all expenses incurred in perfecting vr con�inuing this security interes�. Upon default, Trustor sha�i nat
<br /> remv�e, se��r ❑r detach the Personaf Property '�ram the Prvperty. Upan default, Trustor shall assembl� any
<br /> Pers�nal Property nat a��ixed to the Property in a manner and at a pface reasonably con�enient �o Trustor and
<br /> Lender and make i� a�ailabl� tv Lender within three {3� days afte� rec�ipt of wri�ten demand �rom Lender ta the
<br /> ext�nt permitted by applicable law.
<br /> Addresses. The mailing addresses vf T�ustor �debtor} and Lender tsecured party� fr�m whi�h in�ormafiion
<br /> �on�erning the securi#y inte�est gran�ed by thi� Deed a�Trust may be obtained �each as required h� the lJniform
<br /> Commercial Cade� are as s�ated an the firs�page of this Deed vf l`rust,
<br /> FllRTHER ASSURANCES: ATTDRNEY-IN-FACT. The �rallowing pra�isions relating to furth�r assurances and
<br /> attorney-in-�act are a par�of this Deed af Trust:
<br /> Further Assu�an�es. Af any time, and from time ta time, upan request of Lender, Trustor will make, execute and
<br /> deli�err ❑r will�ause ta b� made, executed ar deli�ered, �� Lender vr t� Lender's designee, and when requested by
<br /> Lender, cause to �e filed, recarded, re�iled, or rerecorded, as the case may be, at su�h times and in such offices
<br /> and places as L�nd�r may deem approp�iat�, any and all such martgages, d��ds of�rust, s��urity de�ds, security
<br /> agreements, �inancing statements, continuation statements, instruments Q� further assuran�e, certi#icates, and
<br /> oth�r documents as may, +n the svle vpinion of Lender, be necessary vr des�rable in arder to effec�uate, c�mple�e,
<br /> perfec�, �ont�nue, ar preser�e �1� Trus�tor's ❑bl+gations under the Credit Agreement, this Deed of Trust, and the
<br /> Related ❑ocuments, and ��} the liens and security interests crea�ed �y this ❑eed of Trust on the Property,
<br /> wh�ther n�w awned ar hereafiter acquired by Trustor. �nfess prahibi#ed hy law or Lender agrees tv the cantrary in
<br /> writing, Trustar shall reimburse Lender�or all casts and expenses incurr�d in connection wi�h the matters re�erred
<br /> tv in fihis paragraph.
<br /> A�tc�rney-in-Fac�, Ifi Trustor�ails �o do any of the things refer�ed ta in the preceding paragraph, Lend�r may da so
<br /> �vr and �n the name a�Trustvr and at Trustor's expense. For such pu�poses, Trusto�- hereby irre�vcably appoints
<br /> L�nder as Trustor's at�orney-in-fac�fio�the purpose of making, exe�uting, d�li�ering, fil�ng, recarding, and doing all
<br /> ❑ther things as may be nec�ssary vr des��'abie, in Lender's sale vpinion, t� accomplish the mat�ers �eferred to in
<br /> the �rec�ding paragraph.
<br /> FULL PERF�RMANCE. If Trustor pays akf the Indeb�edness when due, #ermina�es the Gredit line a�count, and otherwise
<br /> performs all the obligations impose� upon Trustor under this ❑eed o�Trust, Lender shal! execu�e and deli��r to Truste�
<br /> a �equest for full rec�nWeyance and sha�� execute and de�iver �o Trus�or sui�able statements of te�mination af any
<br /> financing statement on f;(� e�idencing Lender's se�uri�y inte��s� in the Ren�s and th� Personal Property. Any
<br /> recan�eyance�ee required by law shall be paid by Trus�or, if permitted by appficable law.
<br /> EVFNTS �F DEFAUL7'. Tr�us�ar will be in �e�au�t under this ❑�ed ot Trust i�any o�the �Follawing happen: �A� Tr�st�r
<br /> comm€ts fraud or makes a ma�eriai misrepresen�ation at any time in connec�ian v►�+th the Credi� Agr�ement. This �an
<br /> include, �or example, a �als� s�atement about Trustar's income, assets, liabiliti�s, ar any other asp�cts of Trustor's
<br /> financial conditian. {B} Trustor daes not m�et the repayment terms of the Credit Agreement. 4C} Trustor's a�tion or
<br /> inactian ad�ersely affe�ts the colla�era! or Lender's righ�s in the co��ateral. This can inc�ude, �vr example, fiailure to
<br /> maintain requir�d insurance, waste or destructi�e use vf the dv►relling, faifure to pay taxes, death of a11 persvns �iaf�le on
<br /> the ac�vun�, transfer af titl� or sale af �he dwelling, creatian of a senior fien on the dw�lling wi�hout Lender's
<br /> pe�mission, for�closure by the halder vf another lien, or the use of funds or the duvelling for prohibit�d purposes.
<br /> R�GHTS ANi� REME�IE� �N QEFAULT, If an E�ent of Default �cGurs under this ❑eed of Trust, at any time thereafter,
<br /> Trustee ar Lender may�xer�ise any❑ne or mar�af th�#vi�owing ri�hts and remedies:
<br /> A�ce�e�a�ion Upvn Default;Additianal Remedies, lf any E�ent o� Default a�curs as per the�e�ms of the C�ed�t
<br /> Agreemen�secured hereby, Lender may declar� all [ndehtedness s��ured by�his ❑eed af Trust to be due and
<br /> payabfe and the same shall thereupon become due �nd payabie without any presen�tment, deman�#, pro�est or
<br /> no�k�c�of any kind. Thereafter, Lender may:
<br /> {a� Either in persan or by ag�nt, with ar wi�ht�u� �ringing any action or proceeding, or by a recei�er
<br /> appoin�ed by a Gaurt and withaut regard to the adequacy of its secu�ity, enter upan and take possessian
<br /> ❑f the Property, ar any part thereaf, in i�s ❑wn name or in�he name vf Trustee, and do any acts wh�ch it
<br /> deems necessary�r desirable to preser�e th� �alue� mark��abi�ity ar ren�ability of the Prvp�rty� or part af
<br /> �he Praperty or interest in th� Proper#y; in�rease �the income �Fr�m the Prvper�y or pr�tect the s�curity ofi
<br /> the Property; and, with or w�thout �aking possession o� the Property, sue for or otherwise ca[��ct the
<br /> rents. issues and profits of the P��perty. including �hose past due and unpaid, and apply the same, less
<br /> cvsts and e�cpens�s�f vpera�ion and col�ection a�t�orneys' fees, to any indebtedness s��ured by this Deed
<br /> of Trust, a[I in such o�der as Lender may determine. The entering upan and taking p�ssession v� �h�
<br /> Praperty, the collection a� such �ents, issues and pro'�its, and the application thereof shall not cure or
<br /> wai�e any default or noti�e of de�ault under �his Deed o�Trust or in�alida�e any act done in respvnse to
<br /> su�h defau�t❑r pursuant t❑ such notice vf default; and, notwithstanding the cantinuance in possessivn of
<br /> the Property o� th� calle�tion, receipt and application o# rents, issues or profi�s, Trust�e vr Lender shall
<br /> he ent��led to �xercise ��ery righ� pro�ided for in �he Credi� Agreement or the Rela�ed Documents �r by
<br /> faw upan the occurrence a�f any e�enfi of defau�t, including the righ�t�exercise#he power of sale;
<br /> {b} Commen�e an ac�ian to forec�ose this ❑eed af Trust as a mvrtgage, appoint a recei�er ar specifically
<br /> en�orce any of the co�enants h�reo�; and
<br /> {�� De[i�er to Truste�a written de�I�ratE�n of default and demand�vr sal� and a written nv�i�e a�defaul�
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