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2� 1 �� 13�9
<br /> DEED �F TRUST
<br /> ��v ntrnu�d� Page 4
<br /> Taxes. The fvllawing shall �onstitute taxe� to wr �h this seGtion appli�s: {"�f a sRecific tax upon this type of
<br /> [�eed of Trust or upon all vr any part of thg Inde�tedness secured by this C�e�d of Trust; t2� a speci�ic tax on
<br /> Trustvr which Trustar is authvrized or required to deduct from payments vn the Indebtedness secured by this type
<br /> of Deed Q#Trust; t3f a tax on this type of❑�ed�f Trust chargeabl� ag�inst#he Lender or the holder of the Credit
<br /> Agreement; and �4� a specifi� tax un all or any portion of the Indebtednes� or vn payments of p�rinc�pa! and
<br /> interest made by Trustor.
<br /> 5ubsequent Taxes. If any tax #o wh�ch this section applies is �nacted subsequent to the date af this Deed vf
<br /> Trust, this e�ent shall ha�e the seme effect �s an E�ent a# ❑eiault, and Lender may exercis� any vr �I! of its
<br /> a�ailable r�medies for an E�ent o� D��ault e� pro�ided beiQw un��ss Trustar either t 1 f pays the ta� taeft�re i�
<br /> becomes delinquent, ar {2y evntests the taac as pro►►ided abo�e in the Taxes and Liens sectivn and depvsits with
<br /> Lender cash�r a suffi�ient�vrpvrat�surety hond or othef security satisfaetory tv Lend�r.
<br /> SECLJAITY AGRE�MENT; F�NAN�IN� STATEM�NTS. The following pra�isivns r�lating to this Deed �f Trust as a
<br /> security agreement�re a part of this Deed v�7rust:
<br /> 5e�urity Agreement. This instrument sha�l �anstitute 8 5ecu��ty A9reement t� the extent any vi the Property
<br /> �onstitutes fixtures, �nd L�nder shel! ha�e all of the rights of� s�cured party under the Llni�o�m �ommercial Code
<br /> as amend�d�rom time to time.
<br /> 5ecurity Interest. Upon reques# by Lender, Trustor shall #ake what��er action is fequested hy Lender ta perfe�t
<br /> and continue Lender's security interest in the Persanai Property. �n �ddition#❑ re�o�ding this Dee+d of Trust in the
<br /> real pr�perty r�cords, Lend�r may, at any time and withvut further autharix�tion from Trustor, fi�e ex�cuted
<br /> coun��rp�rts, copiss or reproductians o� this ❑eed vf Trust as a finaneing statement. Trustvr shaii �eimt�urse
<br /> Lender for all expenses incurred in pe�feGting ❑r con#inuing this security inter�st. tl�on default. TrustQr shall not
<br /> remo�e, s��er or detach the Personal Property from th� Pro�pe�ty. Upon default, Trust�r shall assemble any
<br /> Personal Property not affixed to the F�rop�rty in a manner and at a place reasanab�y can�enient ta Trustor and
<br /> Lender and make it a�ailable �o Lend�r within three �3y days aft�r re�eipt of written demand from Lender to the
<br /> extsnt p�ermitted by appli�able law. �
<br /> Addresses. 7�he m�iling addresses af Trustor �dehtary and Lender �secured party) fram whi�h informatian
<br /> concerning the seGur�ty interest granted by this Deed o#Trust may be vb�ain�d {ea�h as required by the Uni�orm
<br /> Cammercial Cade� are as stat�d on the first pege nf this De�d of Trust.
<br /> FURTHER ASSURANCES; ATT�RNEY-IN-FACT. The �o��awing pro�isians relating to furiher assurances and
<br /> attarney-in-f�ct�r��part o�this Deed❑f Tru��:
<br /> Furthsr Assurances. At any time, and from time to tim�, upon request of Lender� Trustor will make. execute and
<br /> deli�er� or wili cause to b�made.executed or deli�ered,to L�nder ar to Lender's desi9nee, and when rsquested�y
<br /> Lender, �ause t� be filed, recorded, r�file�, c�r rerecorded, as the Gase may be, at suGh times and in su�h office�
<br /> and pl���s as L�nder may de�m appropr��te, any and all such mvrtyages, deeds of trust, secu�ity deeds, security
<br /> egreements, financir�g statements� continuativn statements, instruments of furth�r assuran�e, certi�i��tes, and
<br /> other dvcuments a� may, in the s�l�opini�n of Lender, k�e necessary or desirabls in o�der to �ffectu�t�, cvmpi�te,
<br /> perfect, continue, ar preser►►e (1� Trustvr's t�b�igetians under the Credit Agreement, th�s Deed ❑f Trust, and the
<br /> Rel�ted ❑ocuments, and �Zf the liens and se�urity interests created hy this Q�ed of Trust on fhe Prc�perty,
<br /> whether naw vwned a�hereaf#er acquired by Trustor. LJnless prohibited by law or Lender agrees tv the contrary in
<br /> writing, Tru�tar�hail reimburse L�nder for�I�casts and expenses incurred in canne�tivn with the metters r�ferred
<br /> to in�his p�r�greph.
<br /> Aitorney-in-F�ct. If Trustor fails to dv any of the things referred to in the pr�c�ding parag�aph, Lender may dv s❑
<br /> #or end in the name af Trustar and at Trustor's expense. Fvr such purpvses� Trustnr hereby irr�►►�cably appoints
<br /> Lendgr a�s Trustor's attorney-in-fact fQr the purpas�of making, executing� deli��ring, fiiing, recQrding, and doing all
<br /> other xhings �s may he necessary or d�sirab�e, in Lender's sole apinian. �o �ccomplish the ma�ters referred to in
<br /> the preceding paragraph.
<br /> FULL PERF�RMANCE. �f Trustor�ays�II the Indebtedn�ss when due, termin�tes the credit line�c�vunt, and vtherwise
<br /> p�rforms all the dblig�tions imposed upon Trustor under this Deed of Trust, Lender shall execute and deli�er to Trust�e
<br /> a request #or full reeon�eyance and sh�ll execu�e and deli�er tv Trustor suitable statements of termination of any
<br /> financing s#atement an file e�iden�ing Lender's security interest in the Rents end the Personal Praperty. Any
<br /> recan�eyanc�fee�equired hy law shall he paid by Trustor, if p�srmitted�y appliGable law.
<br /> EVENTS QF C]���IULT. Trustor will be in d�fault under this Deed v#Trust if any o�the fi�llowing happen; {Af Trustc�r
<br /> cvmmits fr�ud or makes a material misreptesentation a# any time in cannection with the Credit Agre�ment. This can
<br /> include� for e�ample, a false statement about Trustor's in�ome, assets, liabi�ities, or any other aspe��s vf Trusta�r's
<br /> finan�iel condition. ��y 7'rustor dves not meet th� repaym�nt terms of the Cr�dit A�r��ment. tCy Trustor's action or
<br /> ina�tion �d�ersaly affects th� colla�eral or L�nder's rights in the colla�eral. 7his can include� for example, failure to
<br /> meintein required insuran�e, waste or destructi�e use of the dwelling, failure tv pay taxes, death of all persons liable an
<br /> the ec��unt, transfer vf titl� vr sale of the dw�liing, crea#ion ❑f a senior lien on the dwelling withnut Lender's
<br /> permission, fvrecla�ure by the hoid�r af another ii�n, ❑r the use of funds or th�dw�lling for prQhibited purposes.
<br /> RIGHTS AND REMEDIES �N DEFAIJLT. I�an E►►ent❑f Default accurs under this Deed of Trust, at any time thereafter,
<br /> Trustes ar Lender may e�ercise any one or mare af the fallowing rights an�#rem�dies:
<br /> AG�ai�ration Upon Defauk; Additi�n�l Remedies. �f any E�ent vf D�fault vccurs�s per the terms of the Gredi#
<br /> Agreement secured hereby, Lend�r may d�clare all indehtedness secured by this Deed of Trust tv he du� and
<br /> peyahle and the sarne shal�ther�upon be�ome due and payable witha�ut any p�esentmen#� demand, protest or
<br /> nQtice of any kind. Ther�afte�', Lender may:
<br /> �aj Either in person vr by ag�nt, with or without bringing �ny ac�ian or procee��ng, or by a r��ei�er
<br /> eppointed by a court and without regard to the adequa�y vf its se�uri�y� enter upon and take passess+on
<br /> of the Property, or any part therevf, in its vwn name or in the name af Trustee, and da any acts which it
<br /> de�m� necessary ar desirable to preser��th�e�alue� markstability or r�ntahility�f the Prnperty� ar pa�t of
<br /> the Praperty vr interest in the Praper�y; in�rease the income frvm th� F�roperty or pratect the security of
<br /> the Property; and, with �r without taking passessivn o� #he Property, sue far or vtherwise cal�ect th�
<br /> rents, i�sues and prv#its of th� Prap�rty, including thase past due and un�aid, and apply the s�me, �ess
<br /> costs�nd expenses of�per�tion and collection attorneys'f�es� tv a�ny indebtedness secured t�y this L�e��
<br /> of Trust, ali �n such order as Lender may determine. The ent��ing upon and taking posses�ion af the
<br /> Prop�rty, #he colfe�tivn af su�h ��nts, issues an�i prvfits, and the appli�atian thereo� shall nat cure or
<br /> wai�e any default vr nvti�� vf defeult �ander this Deed vf Trust or in►►alida�� any act done �n respons� to
<br /> �uch d���ult or pursuant to such nvtic�af default; and, notwithstanding the cvntinu�nce in pvss�ssivn a�
<br /> the Property or the calle�tian, receipt and appliGativn of rents, issues ar profits, Trustee or Lender shall
<br /> be entitfed to exercise e�ery right pr��ided for in the Cr�dit Agre�ment�r the Related Documents or �ay
<br /> �aw upan the o�currenGe of�ny e�ent of de�au�t, including ihe right tv�xercise the pawer o#sale;
<br /> �bf Commence an actian to ftar�Glose this Deed of Trust as a mortgag�, appoin#a recei�er vr sp�Gi�icaiiy
<br /> en#arce any of the co�enants hereof; and
<br /> t�y L7elt�er�o Trustee�written declarativn of default and demand for sale and a written notice of default
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