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2� 1 ����38
<br /> �EE� �F TF�IJS�"
<br /> �C��t�n ued� Page �
<br /> Lender�ash or a suffiGient c�rpora�e sure�y aand or other security sa�isfactory to Lender.
<br /> SECURlTY AGREEIUIENT; F[NANCING STATEMENTS. The fvllawing pro�isions relating to this D�ed af Trust as a
<br /> security a�r�eement are a part of th4s❑eed of Trust:
<br /> Security Agreement. This ins�rumen# shal� consti�u�e a �ecuri�y Agreemen� to �he extent any of �he Property
<br /> consfiitu�es fixtures, and Lender sha11 ha�e a�l of the r�ghts o�a secured party under the Uniform Commerc�al Code
<br /> as amend�d fr�m time tv t�me.
<br /> S�curi�y [n�eresf. Upon reques� by Lender, Trustvr shall take wha�e�er a�tivn �s reques�ed by Lender to perFec�
<br /> and cvnfinue Lender's security interes� in th� Ren�s and Personal Praper�y. fn additian to rec�rding �his Deed of
<br /> Trust in the real property recvrds, Lende�- may, at any time and wi�hvut further authariza�ion from Tru�tor, file
<br /> e�e�uted caunte�-parts, �apies or reproduc�ian� of this Deed of Trust as a financing sta�emen�. Trus�ar shall
<br /> reimburse Lender�o�afl expenses incurred in pe�fec�€ng or�antinuing�hi� security in�erest. Llpon de�ault, Trustnr
<br /> sha[� not rem��e, se�er or deirach the PersonaE Proper�y frvm �he Property. Upon default, Trustor shall assemb�e
<br /> any P�rsonal P�-operty nat afFixed tn the Prvperty in a manner and at a plac�reasonably con�enient�o Trustor and
<br /> Lender and make i���ailable to Lende�with'tn �hree �3} days after �e�eip� o�writt�n demand from Lender tv the
<br /> ex�en�permitted by app[icable law.
<br /> Addresses. The mailing addresses of Trustor �debtor} and Lender �secured party} �rom which infvrmatian
<br /> concerning the se�urify in�erest g�anted by this Deed o�F Trust may be obtained �each as r�quired by the Uni�orm
<br /> Commercial Code}are as sta�ed on�he first page of this Deed vf T�us�.
<br /> FURTHER A55LIRANCE�; ATTt]RNEY�IN�FACT. The follawing p�avisions refa�ing to �urther assurances and
<br /> aitorney-in-faGt are a par�of this Qeed o#Trus�:
<br /> Fu�her Assurances. At any time, and frvm t�me�o tirne, upon request af Lende�, Trustor w��l rnake, exe�ute and
<br /> deli�er, or will cause to be made, exe�u�ed�r deli�e�-ed,�to Lender vr�v Lender's designee,and when r-equested by
<br /> Lender, cause fio be filed, recorded, refii�d, ar rerecarded, as the case may be, at such times and in such o'�ffces
<br /> and pla�es as Lender may d�em appropria#e, any and all such mo�tgages, deeds vf trust, securi�y daeds, secu�ity
<br /> agreemen�s, finan�ing statements, continuation stafements, instrumenfis af further assurance, �ertifiGa�es, and
<br /> ather dvcumen�s as may, in�he sole opinian of Lender, be nec�ssary or desirable in ard�r to effectuate, c�mple�e,
<br /> perfeet, con��nue, or preser�e �'1} Trustor's vhl€ga��vns under the No�e, �his �eed af T�ust, and the Re[ated
<br /> Dacuments, and ��} th�liens and secu�ity interesfis created by this ❑aed of T�-us�as firsf and prior�iens on the
<br /> Propertar,whether naw awned or hereafter acquired by Trustar. Un�ess prohibited�y law�r Lender agrees�o the
<br /> �vntrary �n wri��ng, Trustor shall reimburse Lender far all casts and exp�nses fncurred in connect��n with the
<br /> matters re�e�red to�n this paragraph.
<br /> ►4��orney�in-Fac�. �f Trustor�aiis fio do any�f the thint�s referred to in�he preceding paragraph, Lender may do so
<br /> fvr and in �he name of Trus�or and a�t Trustvr`s expense. For such purpases, Trust�r hereby ir�e�acably appoin�s
<br /> Lender as Trusto�'s attorney-in-fact�For the purpase of making,exe�uting,d�li�ering,f��ng, re�ording, and doing ali
<br /> ather�hings as may b� necessary or desirable, in Lender's sale apinion, tv accomplish th� matters referred ta in
<br /> the preceding paragraph.
<br /> FL1LL PERF�RMANCE. If Trusfivr pays aIl�he lnde�tedness, including without limita�ion all future advances, when due,
<br /> and �therwise performs all the ❑bliga��ons impQsed upon Trustar under th3s Deed of Trust, Lender shall execute and
<br /> de�i�er to Trustee a requesf for -�u�! recon�eyance and sha[[ execute and de[i�er �o Trustor- suitable sta�emen�s of
<br /> termination a�F any financing statemen# on file evidencin� Lender's se�uri�y in�erest in the Renfs and the Persona[
<br /> Property. Any recvnveyance�ee r�qui�ed by law shall be paid by Trus�or, if permit�ed by applicable law.
<br /> EVENTS �F DEFAULT. Each �f�he fvllawing, at Lender's op�ion, shall constitute an E�ent af Defau��under�his Deed
<br /> af Trust:
<br /> Payment Defau[t. Trusfar�aiis�o make any payment when due under the Indeb�edness.
<br /> �th�r De#aults. Trustor fails �a compEy wi�h ar to perfarm any ❑�her term, ab�igati�n, covenant or candit�on
<br /> contained in this Deed of Trus� or in any of the Related Documents or ta camp�y with or to perForm any term,
<br /> vbliga�ion,covenant or condi��on con�ained in any other agreemen�he�hnreen Lender and Trustor.
<br /> Compliance �efault. Failure to compfy ►rvith any oth�r term, �b�iga�ion, co�enant vr condi�ion contained in this
<br /> Deed a�Trus�,fhe hlote or in any o��he Related D�cuments.
<br /> Defau[t an�ther Paymen�s. Failur�o�f Trustor within the time required by this Deed of Trust ta make any paymen�
<br /> ��r taxes or insurance,�r any�ther payment necessary�o pre�en#filing of or to efF�ct dischar�e vf any lien.
<br /> De�au[t in Fa�or of Third Part�es. Shvuld GrantQr defaul� unde�any loan, ex�ension af credit, security agreement,
<br /> purchas�or sales agreement, or any v�her agreemen�t, in fa�ar af any other cred��or or persan that may ma�erially
<br /> affe�t any of Grantor's praper�y or �rantor's abi�ity ta repay �he lndebtedness or Granto�r's abitity to perfarm
<br /> Grantar's vbligations under this Deed of Trust ar any nf the Related Documeni�s.
<br /> Fa1s� St�temen�s. Any warranty, representation or sta�ement made o� furnished ta Lender !�y Trus�vr ar on
<br /> Trustar's behalf under this ❑eed of Trust or the Re�ated Dflcuments is�alse or misEeading in any material respec�,
<br /> ei�he�nvw or at the time made or furnished ar becomes fa�se vr misleading a�any-�ime therea�ter.
<br /> ae�ectiW� Co[lateraEiza#ion. This Deed of Trust Qr any a�the Related Dacuments ceases to be in fuf[ �orce and
<br /> efFect (inc[uding failure of any col�ate�al d�cument to create a �alid and per�ected security intere���r[ien} at any
<br /> tim�and for any reason.
<br /> Death or Insal�ency. The dea�h af Trustor,the insal�ency af Trus�or,#he appaintment af a recei�er for any part af
<br /> Trustar's praperty, any assignmen� fvr the benefit of �red itors, any fiype of cred itor wc�rkout, ❑r the
<br /> commen�ernen��f any praceeding under any bankrup#cy or ins�l�ency�aws by o�against Trustor.
<br /> Creditor or F�rfeiture Proceedings. Commencemen�af forec[osure �r forFeiture prviceedings, whe�her by�udiciaf
<br /> proceeding,self-help, rep�ssessivn❑r any other me�had, by any creditor af Trust�r or by any governmental ag�ncy
<br /> aga�ns� any p�-operty securing �he Indebtedn�ss. This includes a ga�-nishment of any of Trustor`s a��ounts,
<br /> including d�posit a�counts, wi�h Lender. H�we�er, this EWen� of Defauit shall n�t ap�ly i�r �here is a gvod faith
<br /> di�pute by Trusto�as ta#he�alidity ar reasonab�en�ss vf�he claim whi�h is�he bas�s of the credi�or vr farFeiture
<br /> proceeding and i-� Trustar giv�s Lender written notice of the creditor ar for�eitur� praGeeding and depasits wEth
<br /> Lender mflnies or a sur��y band for the�reditor or fvr�eiture p�oceeding, in an amvunt determined by Lender, in its
<br /> sole discre�ion,as being an adequate reserve or bond for the d�spute.
<br /> Breach of��her�4greement. Any breach by Trustor under the fierms of any other agreemenf he�veen Trusfor and
<br /> Lender�hat is not remedied w�thin any gra�e period provided �herein, including withvut limitatian any agreemen�t
<br /> can�erning any indebtedness o�-oth�r obliga#ion af Trustor to Lender,whe#her ex�s�ing now vr Ia�er.
<br /> E�ents A�fec�ing Guarantv�. Any vf the preGeding e�ents occurs with respect to any guarantor, endorser, surety,
<br /> ar accammoda�ion party �f any a�the �ndebtedne�s or any guarantor, endorser, surety, �r a�cammada�ian party
<br /> dies ❑r becomes incompetent, �r re�akes or disputes �he validify of, or liability under, any Guaran�y af �he
<br /> Indebfedness.
<br /> Ad�erse Change. A material adWerse change occurs in Trustor's financial �ondi��on, or Lender belie�es �he
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