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2� 15�8424
<br /> DEED �F TRU�T
<br /> �Cotltirlued� Page 4
<br /> Taxes. Th� €ollowing shall consti�ufie taxes to which this section appli�s: �1 y a spec��ic tax upan th�s �ype vf
<br /> �e�d of Trus� or upon all or any part o��he �ndebtedn�ss secured by this Deed of Trust; ��j a speci�ic �ax an
<br /> Trustor ►nrh€ch Trustar is autharized ar required to deduct from payments on the Indeb�edn�ss seeured by this type
<br /> o�Deed o�Trust; {3y a�ax on this type of Qeed o�Trus�chargeab�e against th� Lender nr�he h�lder of the Credi�
<br /> Agreemen�; and {4y a sp�ci€ic tax ❑n all or any portion of the lndebtednes� or on payments of principal and
<br /> interest made by Trustar.
<br /> Subsequent Taxes. If any tax �o which this sectivn applies is ena�ted subsequent ta the date of this Deed of
<br /> Trust, fihis e�ent sha[[ ha�e the same effect as an E�ent af Default, and Lender may exercise any ❑r a!i af its
<br /> a�ai�ab�� remedies for an E�ent a� Default as prv�id�d he�ow unless Trustvr either t'�y pays the �ax be�are 'rt
<br /> hecom�s delinquent, or �2� cantests the tax as pro�id�d aba�e in the Taxes and Liens section and depvsits uvith
<br /> L�nt�er cash vr a su�ficient corporate surety h��nd ar other security satisfac�ory�❑Lender.
<br /> SECURtTY AG�EEMENT; FIIVANCING STATEMENTS. The following pro�isi�ns rela�ing to this Deed ❑� Trus� as a
<br /> security ag��emen�are a part af this Deed af Trust:
<br /> 5ecurity Agreemen�, This instrument shalf canstitute a S�curity Agre�ment tv the extent any af �he Proper�y
<br /> constitut�s �ixtures, and Lender shall ha�e all of the righ#s of a secured party under�he Uniform Commercia[ C�de
<br /> as amended�rom t'rme tv time.
<br /> �ecurity interest. Upvn request by Lender, T�ustor sha�� take whate�er ac�ion is requested by Lender �o perfect
<br /> and ��ntinue Lender's security interest in the Persona� Prap�rty. ln addi�ion t� recording this ❑e�d af Trust in �h�
<br /> rea! property recvrds, Lender may, at any �ime and w�thout furth�r au�thorizatian f�om Trustar� file execu�ed
<br /> �aunterparts, copies or repraductions of this Deed of T�ust as a �inancing sta�ement. Trustor shall reim�urse
<br /> Lender fvr afl expenses incurred in per�ec�ing ar continuing this security interes't. Upon default, Trustor shall not
<br /> rema�e, se�er or detach the Persona[ Property �rom �khe Prvperty. Upon defiaul�, Trustor shall assemble any
<br /> Personal Prvperty not a�F�ixed tv the Property in a manner and at a p�ace reasonably �on�enient �Co Trustor and
<br /> Lender and make i� a�ailabls to Lender v►�ithin three �3� days after re�eipt o� written demand from Lender t� the
<br /> ex��n�permitted by applicahie law.
<br /> Addresses, The mailing addresses of Trustor td�btvr} and Lender �secured partyy from whiGh informati�n
<br /> concerning the security intsres� granted hy this Deed �f Trust may be obtained �each �s required by the Unifarm
<br /> Cammercial Cvde� are as s�a�ed on fihe first pa�e ❑f this Deed of Trust.
<br /> FURTHER ASSURANCES; ATT�RNEY-IN-FACT. The fallowing prv�isi�ns relating ta fur'ther assurances and
<br /> attorney-in-fact are a part a�this Deed of Trust:
<br /> Further Assurances. At any time, and �rom tfine �a time, upon request of�ender, Trustar will make, execute and
<br /> defi�err ar will cause ta be made, executed o�de�i�ered, to Lender or to Lender's designee, and when requested by
<br /> Lender, �ause to be filed, rs�orded, refiiled, ar rerecorded, as �khe case may be, at such times and in such offi�es
<br /> and places as Lender may deem apprapriate, any and all such m�rtgages, deeds �f trus�, security deeds, securi�y
<br /> agreemen�s, financing s�atements, con�inuativn statements, ins�rumen�s vf fur�her assurance, certifica�es, and
<br /> o�her documents as may, in the so[e opinivn af Lende�, b� necessary or desirable in arder to effectuat�, compiete,
<br /> per�eGt, continue, or preser�e �1} Trustar's abliga�ions under the Gr�dit Agreement, fihis D�ed o�Trus�, and the
<br /> Related Dacuments, and t�� the liens and se�urity interests Greated by this Deed of Trust on �he Property,
<br /> whefher now awned❑r hereaf�er acquired I�y Trustor. Unless prah�bited by lavu or Lender agrees�o the contrary in
<br /> wri�ing, Trustar shall reimburse Lender fvr a�f c�sts and expenses incurred in c�nnec�ion with th� matters referred
<br /> to in�his paragraph.
<br /> Attarney-in-Fact. lf Trusfior fails to d❑ any of the �hings referred to in the preceding paragraph, Lender may do so
<br /> for and in �he name of Trustor and at Trus�or's expense. For such purposes, Trustar h�re�y irre��cably appo�nts
<br /> Lender as Trustar's a�torney-�n-�act�For the purpvs� o�making, exe�u�ing, deli�er�ng, filing, re�o�ding, and doing all
<br /> �ther things as may be necessary vr desirable, in Lender's so�e apinion, ta acGomplish the matters referred to in
<br /> the preceding paragraph.
<br /> FULL PERF�RMANCE. i�Trustar pays a!i�he Ind�htedness when due, terminates the credit line accaunt, and atherwise
<br /> performs all th� obliga�ions imp�sed upon Trust�r under this Deed vf Trus�, Lend�r shall execute and deli�er�o Trustee
<br /> a request far fuf( recon�eyanc� and shall exe�ute and delir�er to Trustar sui�abfe statements vf termination of any
<br /> fiinan�ing s�atement on file e�idencing Lender's security in�eres� ir� the R�nts and the Persanaf Prop�rty. Any
<br /> recon�eyance fee required by �aw shall be paid by Trustar, i�permi�ted by applicable law.
<br /> FVENTS �F DEFAULT. Trustar vv��! be in default under this D�ed of Trus# if any af the following happen: �A� Trustvr
<br /> cammits fraud ❑r makes a ma�terial m�srepre�entatian at any time in connection ►nri�h the Cr�dit Agreement. This �an
<br /> include, �vr example, a �afs� sta'tement about Trustor's in�ome, assets, liahilities, ar any ath�r aspects vf Trustvr's
<br /> financial conditian. {B} Trustar does nvt meet the repaymen�terms of the Credit Agreem�nt. �Cy Trustor's action ar
<br /> inac�ion ad�ersely affects the collateral or Lender's righ#s in the collaterai. This can in�lude, for example, failure to
<br /> ma�ntain required insurance, waste or des�ru�ti�e use a��he dv►relling, failure to pay taxes, death a�all persons liable on
<br /> the account, trans'�er of �i�le or sale of the dw�lling, crea#ion af a seniar lien on the dw��ling without Lender's
<br /> perm�ssian, foreclasure by�he hafder of anv�her�ien, flr the us�af funds or the dweliing for prohibited purposes.
<br /> RiGHT� I�N❑ REMED�ES �iV �3EFAULT, If an E�ent of ❑e#ault o�curs under this Qeed af Trust, a� any time therea�ter,
<br /> Trustee vr Lender may exerGise any one or more af the follawing rights and remedies:
<br /> Ac�e�era�ion Upon Default;Additional Rer�edies. lf any E��n�of Default ocGurs as per th�terms vf the Credit
<br /> Agreemen�secur�d here�y, Lender may deGlare all �ndebtedness secu�ed by this �eed af Trus��tv �e due and
<br /> payah�e and the same shall �h�r�upon �ecome due and payabl� w�thvut any presentment, demand, protest ar
<br /> notice❑f any kind. Therea�ter, Lender may:
<br /> �a� �ither in person or by agent, with ar withaut bringing any actian or proceedin�, ar by a re�e���r
<br /> appainted by a Gaurt and wi#hou� regard ta the adequacy af i�s security, enter upon and take possession
<br /> ❑f the PrQperty, ❑r any par�thereafr in �ts own name Qr in the name vf Truste�, and do any acts rivhich it
<br /> deems nec�ssary❑r desirable to preser�e �he �alu�, marketability ar renta�il�ty af the Prvperty, or part a#
<br /> the Praperty or �n�e�est in the Property; in�rease the income �rvm the PrapertV or pro�e�t the security a�
<br /> the Property; and, with or without taking possessi�n of the Pr�perty, sue far or vtherwise callect the
<br /> rents, issues and prv�its of the Property, in�luding those past du� and unpaid� and apply the same, I�55
<br /> costs and�xpenses of aperation and collectian attorneys' fees, ta any indeb�edness secured by this aeed
<br /> of Trust, all in such order as Lender may determine. The entering upon and taking possessian af �he
<br /> Praperty, the c�iiection vf such rents, issues and profits, and the application �hereof shall not cure or
<br /> wai�e any default ar n�fii�e of default under this Deed vfi Trust vr in�a�idate any act done in response �o
<br /> such de�ault or pursuant to su�h no�ice of de�ault; and, notwithstanding the continuance in possessivn of
<br /> the Property or �he ca����tion, �eCeip� and appl+cation of r�nts, issue5 or prq�its. Trus�ee or Lender shall
<br /> be en�itled to �xercise e�ery right pro�ided for in the �r�dit Agreemen� or the Related ❑ocumen�ts vr by
<br /> law upon th�v��urrence o�any e�ent of default, �nciuding th� right to�xercise the power of sale;
<br /> �by Cammenc� an actian to fareciose this ❑eed �f Trust as a mortgage, appoint a receiver❑r specifi�al�y
<br /> en�orce any❑�the co�enan�s h�re�f; and
<br /> �c} DeliW�r to Trustee a writ�en deciarativn of defaul#and demand fvr sal� and a wri�ten notic�of d�fault
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