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2� 1 �� 1 �88
<br /> DEE� OF TRIJ�T
<br /> ' Pa e 4
<br /> L�an Na: ������4'I� ��or��1l�u�d} 9
<br /> incurred in re�arding, pe�fecting vr c�ntinuing this ❑�ed �f Trust, including w3thout �imita�tion aIl ta�ces, fees,
<br /> dacumentary stam�s, and❑ther charges for recvrding �r regi�tering this Deed��Trust.
<br /> Taxes. Th� following 5ha11 �onstitute taxes fia which this sectivn applies: �'�} a speci#ic t�x up�n �his type af
<br /> Deed af Trust ❑r upvn aIl or any part vf the Indeb�edness secured by this D�ed of Trust; ��} a specifiG tax on
<br /> Trustar whi�h T�ustor is aufiharized �r�requir�d tv d�du�t from payments an#he lndeht�dn�ss se�ured by this type
<br /> �f aee� af Trust; �3} a tax on this type❑f Dee� of Trust chargeab�e against the Lender or th� h�Eder af the Cr�dit
<br /> Agreement; and �4} a spe�ifi� fiax on all ar any �arfii�n of the Inde�tedness or �n paym�nts af prin�ipal and
<br /> interest made by Trustar,
<br /> Subs�quent Taxes. lf any tax to which this se��ion applies is enacted subsequent to the date af this ❑�ed af •
<br /> Trust, this even� shall hawe th� same e�fe�t as an Er�en� af Defaultr and Lender may exerc�se any or all ❑f its
<br /> aWailahle rem�dies for an E�en� a� De�au�t as pra�ided �elaw unless Trust�r either �1� pays the tax before i#
<br /> becomes del�n�uent, �r {�� �ontests the�ax as pravided ah��e in the Taxes and Liens section and depasits with
<br /> Lender cash or� suf�ici�nt carp�rate surety band c�r a�her security sa�tis�actary�❑ Lend�r.
<br /> SEGURITY A�REEIV�ENT: FINANCINC� STATEMEfVTS, Th� fal�owing pr�visions relating to this D�ed o� Trus� as a
<br /> s�curity agreement are a part of this D��d�f Trust:
<br /> Security Agr��men�, This in$trument shal� canstifiute a 5e�urity Agreement to the extent any ❑� the P�aperty
<br /> constitutes fi�ctures, and Lend�r sha�l ha�e all af the rights Qf a secured party under the Uniform Gommercial Cade
<br /> as amended fr�m time t�time.
<br /> 5ecurity lnterest. Upon request by Lender, Trustor shall take whate�er action is requ�sted by Lender to pe�fect
<br /> and continue Lender's securi�y �nterest in the Persvnal Property. ln additian to re�c�rding this Deed of Trust in the
<br /> r�al properfiy records, Lender may, at �ny #ime and without further auth�ri�atian from Trusto�, file executed
<br /> counterparts, copies or reproductians af this Deed af Trus� as a �inancing statemen�. Trustor shall reimburse
<br /> L�nd�r for all expenses incurrec� in perfecting �r �ontinuing this security interest. Upvn default, Trustor sha�l nvt
<br /> remaver 5�V�1" or detach the Personal praperty from the Prope�ty. Upon default, Trustar sha�l assemhle any
<br /> Personal Praperty nat affixed tv the P�aperty in a manner and at a place reasonably cvn�enient t❑ Trustor anc�
<br /> Lend�r and mal�e it availabl� to L�nder within three �3} days after receipt �f writt�n demand �From L�nder �ra the
<br /> exten�permitted by appli�ak�le law.
<br /> Addresse�. The mailing address�s af Trus�or �debtor} and L�nder �secured party} f�om whi�h intormativn
<br /> cancerning the security interest granted by �his ❑eed �f Trust may be obtained (each as required by th� Uniform
<br /> Commerciaf Codef are as stated on the first page af this �3eed o�T�ust.
<br /> FURTHER A�SURANCE�i ATTQRNEI�-IN-FA�T. The fol�vwing proWisions relating �v further assuranceS and
<br /> attorney-in-fact are a pa�t❑f this �ee� �f Trus#:
<br /> Further Assurances. A� any timer and �rQm time ta time, upon r�qu�st of Lender, Trustor will make, execute and
<br /> deliver, vr wili cause to �e mader execu�ed or delivered� t❑ Lender or to Lend�r's d�signee, and when r�quested 1ay
<br /> Lender, cause ta he �iled, recarded, refil��, �r rere�orded, as the cas� m�y be, at su�h times and in such offices
<br /> and places as Lender may d�em appropriate, any.and ail suGh mortgages, deeds a#-trust, security d�eds, security
<br /> agreemen�s, financing statements, continuation staternents, instrumen�s o#� further assurance, certi#icatesr and
<br /> other do�uments as may, in the sole opinion of Lender, be necessary or desirahle in �rder tc� effeGtua�e, �amplete,
<br /> perfect, �antinuer o�- preserW� {�� Trustar's ❑bligations under th� Cr�dit►�greernent, this Deec� of Trust, and the
<br /> R�lated Documents, and {�3 #he liens and s�curity interests �reat�ci by �his Deed of Trust an the Prvperty,
<br /> whether naw owned �r herea�Fter aGquir�d by Trustor. Unless prohihited hy law �r Lender agrees t�the contrary in
<br /> writing, Trustor sha�l reimhurs� Lender for a11 costs and expenses incurred in cannection with th� matt�rs referred
<br /> '�o in this paragraph.
<br /> Attorney-in-Fact. If Trustor fails t❑ d❑ any o�the �hings referred t❑ in the preceding paragraph, Len�er may do sa
<br /> fo� and in the name �f Trus�vr and at Trustor's expense. For such purposes, Trustar hereby i�r�vacably appoints
<br /> L�n�er as Trus��r's attorney-in--fact�or th� purpase a#mal�ing, executing, deliUering, filing, recvrding, and doing ali
<br /> other th�ngs as may be ne�essary or desirablar in Lender's sole op�n�on, t❑ a���mplish the matt�rs �eferred to in
<br /> the preceding paragraph.
<br /> FULL PERFDRMAhICE. lf Trustar pays al��he Indebte�ness When du�, terminates the cradit I�ne a��ountr and otherwise
<br /> performs al��th� �bligations irnpased upon Trustor under this Deed of Trust, Lender shall execute and deli�er to Trust�e
<br /> a request far fu�l rec�nveyance and shal� execute and deli�er to Trustar suitable stat�ments of terminatian o# any
<br /> financing statement ❑n file e�idencing Lender's s�curity interest in �h� Rents and �h� �'ersonal Praperty, Any
<br /> recanveyance fee required by�auv shall be paid �y Tr�ast�r, if permitted by applic�lale law.
<br /> EVENTS �F DEF�4ULT. Trus�ar will be �n default und�r this �eed af Tru�t ifi any vf the fallowing happen: {A} Trustor
<br /> commits #raud or mal�es a material misrepresentation at any tim� in �annec�ian wi�h the ���dit Agreement. This can
<br /> include, ��r �xampler a false statement about Trustor's incame, assets, �ia�ilit�es, or any ather aspects of Trustar's
<br /> financial Gandi�ian. (g� Trustor does nat meet�he repaym�nt terms af the Credit Agreement. �C} Trustar's a�tion �r
<br /> inactivn ad�ersely affects the co�lateraf ar Lender's rights in �he �vlla�eral. This �an include, for �xampl�, failure to
<br /> maintain required insuran�e, v�raste �r destructi�e use vf the dwe�ling, failure t� pay ta�c�s, death af a!1 p�rsans iia�le an
<br /> �he acc�unt, transfer of titl� ar sale vf the dwel�ing, cr�a�i�n ❑f a seni�r Ii�n vn the d►nreliing w��hout Lender's
<br /> permissian, �or�clasure hy the halder of an�ther kien, ar the use o'�funds❑r the dwell�ng for pr�hibited purposes.
<br /> R1GHT� AND REMEDIES �1V �EF�IULT, If an Event v� Defauit occu�s un��r this D�ed of Trust, at any time the�eafter,
<br /> Trustee ar Lende�ma�e�ercise any one flr more af the fvliowin� rights and remedies,
<br /> Acceleratian Upvn De#au�t; Additional R�medies. �f any Event of��'�au�t❑ccurs �s per the terms ❑�th� �redi�
<br /> Agreement secured hereby; Lend�r ma�r declar� all 1nde�tedness secured by this fleed af Trust ta b� due and
<br /> payable and the same shall thereupan be�ame due and payable wifhaut any presen�m�n�, demand, pro�est�r
<br /> natice a#any kind. Thereaf�er. Lender may:
<br /> 4a� Either in pers�n ar by agentr w�th ❑r withaut bringing any acfiion �r proceedin�, vr by a re�eiver
<br /> app�inted by a court and withvut regard to�he adequacy a# its seCurity, enter uR�n and take poss�ssi�n
<br /> of the Praperty, or any part there�f, in its vwn name or in th� name v�Trusteer and do any acts which it
<br /> d�ems necessary or desiraf�le ta �reserve the �alue, mar�etability ar r�ntability af the Property, or pa�t vf
<br /> th� Property or Ent�res� in th� Praperty; increase �he income from the Property or protect the se�urity �f
<br /> the Pr�pe��y; and, wi#h �r without tal�ing passessi�n ❑f the Pro�erty, sue far ar o�therwise collect the
<br /> ren�s, issues and pra�its af the Property, including those past due and unpaid, and app�y the same, less
<br /> c�s�s and expenses af operatian and Gol�ecti�n attvrneys' fees, �� any indebtedness secur�d by this I�eed
<br /> of Trust, a[I in such �rder as Lender may determine. The entering upc�n and taking pvssessi�n ��f the
<br /> Praperty, the c�llecti�n �f such rents, issues an� pro#its, and the appli�ativn ther�af shall nat �ure or
<br /> vvai�e any de�aul-� or notice of d�fault under this Qeed of Trus� ❑r inva�idate any a�t dane in response to
<br /> such defau[�c�r pursuant to such noti�e af default; and, notwithstanding the continuance �n possessi�n�f
<br /> the Property or the callection, receipt and application �f ��nts, issues c�r pr�fits, Trustee ar Lender shall
<br /> be entitled t� exercise e�ery right proWided �f�r in the �redit Agreem�nt ar the Reiatec� Documents or by
<br /> iaw upan the❑ccur��nce�f any e�ent of default, in�luding the ri�ht ta exercise the power vf sale;
<br /> (b} Cammence an ac�ian to fore�l�s�this Deed ❑f Trust as a m�rtgage, appo�nt a rece��er ar specifically
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