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2� 15�8158
<br /> �]EED �F TF�U�T
<br /> Loan No: 7 t]D 7��7� ��ontiriu�d� Page 4
<br /> �1VIP�5�TlDN OF TAXES, FEES AND CHARGES BY G�VERNNtENTAL AUTH�RIT�ES. The �vllowing pro�isions reiatin9
<br /> to governmental�axes,fees and charges are a part of this Deed of Trust:
<br /> Current Taxes, Fees and Charges_ Upan request by Lender, Trustor shall execu�e such d�cuments in addition ta
<br /> this Deed of Trus�and�ake whatever other action is r�quested by Lender�o per-Fect and continue Lender's Ii�n on
<br /> the Rea1 Property. Trustor shall reimhurse Lender for a�� taxes, as describ�d beEow, together vtiritI� a[I expenses
<br /> incurred in recording, pei-�Fec�ing or �ontinuing this Deed of Trust, inc[uding without �€mitation al� faxes, fees,
<br /> d�cumentary stamps, and other charges for recarding or registering this De�d��Trust.
<br /> Taxes. The following sha[f cons�itute ta�ces to which thls sectian applies: t1} a specific tax upon this type of
<br /> Deed of Trust or upon all or any part of the �ndebtedness se�u��d by this Deed o�Trust; �2} a speci�ic tax on
<br /> Bvrrower which Borrower is authvrized or required to deduct�rom payments on the lndel�tedness secured by this
<br /> type o�Deed of Trust; {3} a tax on this type o�❑eed vf Trust�har�eaE�[e against the Lender or the hvIder af the
<br /> Note; and �4� a speci�ic tax vn aII or any port�on o� the lndebtedness or on payments of principa� and �n�erest
<br /> made by 6�rrflwer.
<br /> Subsequent Taxes. 1f any tax to which �h�s se�tivn applies is enac�ed subsequent to the date o� this Deed of
<br /> Trust� this e�ent shall have the same effect as an Ev�nt a� Default, and Lender may �xercise any or a[[ of i�s
<br /> a�aiIable remedies for an E�ent vf De�FauIt as pr��ided be�ow unless Trustor either {�} pays th� tax before it
<br /> becvmes delin�quent, or �Z} contests the tax as pro�ided abvve �n the Taxes and Li�ns sectivn and deposits with
<br /> Lender cash or a sufFicien�corpvrate surety bond or other security sa�is�ac�vry to Lender.
<br /> SECURITY A�REE�IJIENT; F[NANC1i�G STATEMENTS. The fol[vwing prvvisions re[ating to this Deed of Trust as a
<br /> security agr�ement are a part o�F fi�is Deed o�r Trus�:
<br /> Se�urity Agreement. This instrument shai[ consti�ute a Security Agreem�nt ta the e�ctent any o� the P�operty
<br /> constitutes�€ixtures, and Lender sha�i ha�e a[[ of the rights of a secured party under the Uni-�orm Commer�ia� �ode
<br /> as amended from�im�tv time.
<br /> 5ecurity �nteresf. Upon �-�quesfi hy Lender, Trustar sha�� take whate�er act�on is requested hy Lender to perfect
<br /> and confiinue Lender's security in�erest in the PersonaI P�operty. [n addition�v recording this Deed of Trust in the
<br /> reai property records, Lender may, at any time and without further autF�vri�ation from Trus�o�, �ile executed
<br /> counterparts, copies or reproductions of this Deed of Trust as a financing statement. Trustor sha11 reimburs�
<br /> Lender fvr all expenses incurred in perFecting ar continuing this secur�ty interest. LJpon defau�t, Trustor sha�! nvt
<br /> remo��, se�er vr detach the Persona! Property fram �he Prvperry. Upvn defauIt. Trustor sha11 assemble any
<br /> Personal Property nat affixed tv th� Property in a manner and at a place reasonably con�enient to Trustor and
<br /> Lender and make it available to Lende� within thr�e {3} days aiter receipt of written demand from Lend�r tv the
<br /> extent permitted by app�icahle la�nr.
<br /> Addresses. The mai�ing addresses of Trustor �debtor3 and Lender �secured party� fr�m which informatian
<br /> �vncerning �he security int�rest granted by this Deed o�Trust may b� ob�ained �each as required by the Uniform
<br /> �vmmercial Code� are as stafied on the first page o�this Deed o�Trust.
<br /> FURTHER ASSURAN�ES; ATT4RNEY-tN-FACT. The fviivwing prv�isions relating to further assurances and
<br /> attorney-in-�ac�are a part of this Deed vf Trust:
<br /> Fur�her Assurances. At any time, and �rvm tEme tQ time, upon request of Lender, Trustvr wii[ maker execute and
<br /> deliverr or}rviil cause to he made, execufied or deli�ered,to Lender vr tv Lender's des��nee, and when reques�ed by
<br /> Lender, cause ta be filed, recorded, refi[ed, or rerecorded, as the cas� may be, afi such times and in such offices
<br /> � and pIa�es as Lender may deem appropria�e, any and �[I such mortgages, deeds of trust, se�urity deeds, security
<br /> agre�ments, financing sta�emen�ts, continuation statemen�s, instruments of further assurance, certi�Ficates, and
<br /> ather documents as may, in the sole opinion vf Lender, b� necessary vr desirable in ❑rder to eff�ctuate, camplete,
<br /> perfect, continue, or preserve �'�} Borrower's and Trustorrs ab[�c�ations under th� Nv�e, this Deed of Trust, and
<br /> �he Re�ated Dvcuments, and �2} the [iens and security inf�rests created by this Deed of Trust vn the Property,
<br /> whether now owned ar hereafter acquired by Trustor. Un[ess prohibited by Iaw or Lender agrees�o th�contrary in
<br /> writing, Trustor shal� reimburse Lender�ar a[[ cvsts and expenses incurred in c�nnection wi�h the matt�rs referred
<br /> to€n t�is paragraph.
<br /> Attorney-in-Fact. [f Trusrtor�a��s t� do any vf the th�ngs referred to in the preceding parag�aph, Lender may do sv
<br /> f�r and in�he name of Trustor and at Trustor's e�epense. For such pu�rposes, Trustor hereby irre��cably appoints
<br /> Lender as Trustor's at�orney-in--fact�or the purpose of making, exe�uting, de[i�ering, f��ing, recording, and doing aII
<br /> other things as may be necessary vr desirable, in Lender`s sole opinion, tv a�compIish th� matters referred tv in
<br /> �he preceding paragraph.
<br /> FULL PE€�F�F�l1�IANCE. lf Borrower and Trus�or pay all the Indehtedness when duer and Trustor otherw€se perfvrms aI�
<br /> the ahligations imposed upon Trustar under�his Deed��Trust. Lender shall execute and de�nrer to Trustee a request for
<br /> fu11 �econWeyance and shall e�eecute and deliver�o Trustar sui-�abie statemen�s of terminatian ot any�inancing statement
<br /> on�ile eviden�ing Lender's security inter�st in the Rents and the Personal Property. Any recon�eyance fee required by
<br /> law shaI[be paid by Trust�r, i�permitted by app[icab[e [aw.
<br /> EVENTS �F ❑EFAULT. At Lenderrs opt�on. T�rustnr will be in defau[t under th�s Deed of Trust if any of the �o�lowing
<br /> happen:
<br /> Payment De�ault. Borrawer�Fails to make any payment when due under the Indeb�edn�ss.
<br /> Break D�ther Promises. gorrawer or Trustor breaks any promis� made to Lender o��ails to per�orm promptIy at the
<br /> time and stric�ly in the manner provided in this Deed of Trust or in any agreement�elated tv this De�d of Trust.
<br /> CompEiance D�fault. Fai[ure to comp[y with any ❑ther t�rm� obligation, co�enant or condi�tion �ontained in this
<br /> Deed of Trust,the No�e or in any v�th�Relat�d Documen�s.
<br /> Default vn�ther Payments. Failure of Trustor within the time required by this Deed v�Trust�o make any payment
<br /> ��r taxes or insurance, or any ather payment necessary to pre�ent fi[ing of Qr to sffect dis�harge of any�ien.
<br /> Default in Fa►rvr vf Third Par�es. 5hould Borrower �r any Grantor defaui� under any l�an, extension of credit,
<br /> s��urity agreem�nt, purchase or sales agreement, or any o�her agreement, in fa�vr�f any ather creditor ar persan
<br /> that may ma�erialIy afife�� any o� Borrower's or any Grantor's property o� Borrower's abiIity to repay the
<br /> Indebtedness or Borrower's or Gran�or's al�ility t� perform th�ir r�specti�e �hligations under this Deed of Trust or
<br /> any of the Related DoGuments.
<br /> Fatse Statements. Any representation or sta��ment made or furnished �o Lender by Borrower or Trustor vr on
<br /> Borrower's ❑r Trustor's b�haf� und�r this Deed �� Trus� �r the Related Do�umen-�s is false or misleading in any
<br /> � materia[ respect, either nvw or at the time made or furnished.
<br /> �
<br /> Defecti�e Co�lateraIiza�ivn. This Deed o� Trus� or any of the F�elated Documents ceases �o be in �FuII force and
<br /> effect �including �ailure v� any co�lateral dvcument to create a va[id and perfected security interest or [ien} at any
<br /> �ime and fvr any reason.
<br /> Death vr InsoIvency. The death o�f Borrower vr Trustor,the inso[vency o�Borrower or Trustor,the appointment of
<br /> a rec�iv�r fflr any part of Bo�rrower�s or Trustor's praperty,any assignment�or the benefit vf creditors� any type of
<br /> cr�ditor workou�, �r the commeneement�f any proceeding under any bankruptcy vr inso[ven�y laws by or against
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