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2� 15�81 �2
<br /> DEED �F TF�US�f �
<br /> Laan Na� �����546 �Continued} Page 4
<br /> the Real Property. Trustor sha[[ r�imburse Lender for al� taxes, as des�ribed below, togeth�r wifih a[[ expenses
<br /> incurred in re�ording; per�ec�ting or continuing this Deed of Trust, inc[uding withou� l�rnitation all taxesr �ees,
<br /> documentary s�amps, and o�her charges�vr record�ng ar registering this Deed of Trust.
<br /> Taxes. The �a[�awing sha�I cons�itute ta�es to wh�ch �his section applies: �'i� a specific tax upvn this �ype o�
<br /> Deed of Trus'� or upon alf or any part of the lndebfiedness s��ured by this Deed af Trust; {2} a specEfic tax on
<br /> Trustor which Trustor is authorized or required ta deduct from payments an the lndebtedness secured by this type
<br /> vf Deed of Trust; �3} a tax on this type af Deed of Trust chargeab[e against the L�nder or�h� holder o�F the Note;
<br /> and t4} a specific tax on a[E or any portion of the Indeh�tedness o�-on �ayments af prinGipa! and infieresfi made by
<br /> Trustor.
<br /> Subsequent Taxes. If any tax to which this se�tion appiies is enacted subsequent to th� date of �his Deed o�
<br /> Trust, this ���nt shall ha�e the same effect as an E��nt of De�ault, and Lender may exercise any or all of its
<br /> availab�e remedies f�r an Event of Defau[t as pro�ided belvw unless Trustor ei�her ��} pays the tax before it
<br /> becomes de[inquent, or {�} contests the�ax as pro�ided abo�e in the Ta�ces and Liens section and deposits with
<br /> Lender cash�r a sufFicient carporate surety bond or o�her security satisfactory to Lender.
<br /> SECURITY AGREE1VlENT; FINAIVC�11iG STATIEM�NTS. The f�[fawing pr�visi�ns re[ating tv this Deed o� Trust as a
<br /> security agreement are a p�r�of�his Deed of Trust:
<br /> Security Agreement. This instrument shall constitute a Securi�.y Agr�emenrt to the �xtent any o� the Property
<br /> cons�itutes �ixtures, and Lender shall ha�e all of�he righ�s �f a securea� party under the Uni-Form C�mme�-cial Code
<br /> as amended from-�ime�a time.
<br /> Security In�erest. Up�n reques� �y Lenderr Trustor shall �a�e whaterrer acfiion is requested by Lende�-to per#ect
<br /> and cQntinue Lender's securi�y in�erest in the Rents and P�rsona� Property. ln addition �o recording this ❑eed o�
<br /> Trust in the real property r�cords, Lender may, at any time and with�ut �urther authori�at�on �rom T�us�or, �i1e
<br /> execu�ed caun�erpar�s, cop�es or reproductians o� this Deed o€ Trus� as a �i:nancing statemen�. Trustar shalf
<br /> reimburse Lender-�a�- a�� expenses �ncurr�d in per-Fecting vr continuing this securi�y interest. Upon d��ault, Trus�or
<br /> shall nat remo�e, sever or de�aGh the Persona[ P�-operty�rom the Prvperty. Upon de�ault, Trustor sha[[ assemb�e
<br /> any Personal Property not affixed �o�h� Property in a manner and at a pfaCe reasvnably convenient�v Trustor and.
<br /> Lender and make it avai[ab[e �o Lender wi-thin thre� {3} days afker receip� o�f written demand �rom Lend�r�o �he
<br /> extent permitted by applicahle lav�r. �
<br /> Addresses. The mailing addresses vf Trustor fdebt�r} and Lender {secured parry} from lrvhich �nformation
<br /> eoncerning the security Enterest granted by this Deed of Trust may be ob�ained {each as required hy the Unifprm
<br /> Commercial Cvde} are as stated on�he�irst pag�v�this Deed v�Trus�.
<br /> FURTHER ASSURANCES; ATTORIVEY-IN-FAC�. The follvwing pro�isi�ns re[ating to further assurances and
<br /> attorney-�n-�act are a part o��his Deed o�Trust:
<br /> Fuxther Assurances. At any time, and frvm �time �to time, upon request of Lender, Trustor wi�i make, e��cu�e and
<br /> de����r, or w�l� cause to be made, executed or d�1��erad, to Lender or to Lender`s designee, and when requested by
<br /> Lend�r, cause to he fiE�d, recorded; refi[ed; o�- rerecorded, as the �ase may be, at such times and in such offic�s
<br /> and places as Lender may deem appropriate, any and a[[such mor�gages, deeds of trust� security de�ds, securi�ty
<br /> agreemerrts, -�inancing st�tements, cont�nuation s�a�emen�s, instrumen�s flf further assurance, certi�icates, and
<br /> other documen�s as may, �n the so[e op�nivn o�Lender, be necessary os�d�sira�ie in order tv ef�Fe�tuarte, cvmp�ete,
<br /> perFec�, cvn�inue, or preser�e t1} Trus�orTs ❑b[igations under the iVote, this Deed o� Trust, and the Related
<br /> Documen�s, and {�} the �iens and s�curity interes�s crea�ed by fihis Deed of Trust as firs�and prior [iens on th�
<br /> Property, whe�her now awn�d or hereafter acquir�d hy Trustor. Un[ess prohibited by law ar Lender agrees to the
<br /> cantrary in writing, Trustor shall reimburse Lender for a�f CD5t5 and expenses incurred in connect�on with the
<br /> matters referred�a in�his paragraph. �
<br /> Attorney-in-Fact. lf Trus�or�ai[s fa do any o��he things re�r�rred �v in th� preceding paragraph, Lender m�ay do so
<br /> �or and �n th� name of T�ustor and a�Trustar's expense. For such pu�pvses, Trus�or he�eby irre�oca�ly appo�n�s
<br /> Lender as Trustor's at�orney-in-fac�for th� purp�se o�making, executing, delivering� �E�ir]�, recording, and daing alI
<br /> other things as may be necessary or desirab�e. in Lender's sole opinion, to a�complish the matters referred �o in
<br /> the preceding paragraph.
<br /> FULL PERF�R11lIANCE, [f Trustor pays afi the lndeb�edness, inc[uding wEtho€�t[imitation a:ll future ad�ances, when due.
<br /> and �th��wis� performs all the obligativns imposed upon Trus'�vr under fihis Deed o€ Trus�, Lende�- shall e�eecute and
<br /> deii�er tQ Trustee a request �vr fuil recon�eyance and shaIl �xecute and de�i�er to Trustor sui�ahie statements o�
<br /> termina�ion o� any financing statement on -�ile evideneing Lender's security interes� in the F�ents and the Personal
<br /> Property. Any recon�eyan�e fee required by law shaf:� be pa�d by Trustor, if permitted by applicable law.
<br /> EVENTS �F DEFAULT. Eaeh o�the fv[[owing, a� Lender's option, sha[I cons�itu�e an Event o� Default under this De�d
<br /> of Trust:
<br /> Payment�efault. Trus�or fails ta make any payment when due under�he �ndebtedness.
<br /> Other Defau[ts. Trustor �ails to comp[y with or �o perform. any vther term, obiigation, co�enant or condition
<br /> contained in this ❑eed vf Trust vr in any of the l�e�ated Da�uments �r to comply with or ta perform any term;
<br /> vbligation� co�enant or candition contain�d in any oth�r agreemen�l�etween Le:nder and Trustor.
<br /> Compliance DefauI�. Fai[ure to comp�y w�th any other term, ob[Egation, cavenan� or eondition con�ained in th�s
<br /> Deed o�Trustr the Nate or in any o�the F�e�ated Documents.
<br /> ❑efau�#vn �ther Payr�aents. Fai[ure o�Trus�ar within the time required by this Deed of Trust�o make any payment
<br /> �or taxes or insurance,or any other payment ne�essary to prevent filing o�a�to ef�ect discharge o�any lien.
<br /> [�efauI� in Favor of Th�rd Par�ies. 5hou[d Gran�or d�fau[t under any loan, ext�nsion of credit, security agreement,
<br /> purchase or saies agreement, or any oth�r agreement, in favor v€ any other creditor vr person fihat may materialfy
<br /> affect any af Grantor`s prpperty vr Gran�or's ability to repay the lndeb�edness or Grantor`s abi[ity to perform
<br /> Gran�or`s obliga�ions under this Deed of Trust ar any of th�Re�ated I]ocumen�s.
<br /> False Statements. Any warranty, representation or stafiement made or furnistied �o Lender by Trustor or- ❑n
<br /> Trustorrs behal�F under this De�d of Trust or the Re[ated Documen�s is �a�se or mis[eading in any material respect,
<br /> eithe�naw o�at the��me made ar�urnished ar becvmes fa[se or misleading at any time ther�after.
<br /> Defecti�e Coi[a#eraliza�#ion. This Deed of Trust vr any of the F�elated Documents ceases to be in �rull �orce and
<br /> effect �incfuding failure of any collateral document�v creat� a �alid and perfected security in�eres� or lien} at any
<br /> time and for any reason.
<br /> Death or�nso�vency. The death v�Trustor,�he inso[�ency o�Trustor,the appointment of a recei�er for any part of
<br /> Trustor's property, any assignm�nt for the hene�it o�F creditors, any type of creditor workout, or the
<br /> commencement vf any proceeding under any�ankruptcy vr fns�[�eney laws by or against Trus�or.
<br /> Creditor vr ForFe��ure Pro��edings. Commencement of fare�losure �r forfeiture proceedings, whether by judicia�
<br /> proceeding, se[f-he1p, r�possession or any o�her me�had, �y any credito�o�r Trustor or by any governmental agency
<br /> against any property securing the lndebtedness. This inc[udes a garnishment o� any of Trustor's accounts,
<br /> including depvsit a�countsr with Lender. Howe�er, this E�ent af De��uit shal� not apply i�f �here is a gaod �aith
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