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2� 1 ��2151
<br /> DEED �F T'RL�S1"
<br /> �Gor�tinu�d� �age 4
<br /> Lender cash vr a su�ficient corporate sure#y bond or ather security satisfactory to Lender.
<br /> SECU��TY AGREEMENT; FIN►4NC�NG STATEMEN�S. The f�ll�wing provisions re[ating �o this Deed a� Trust as a
<br /> security agreemen�are a part of this ❑eed of Trust:
<br /> Security Agreement. This ins�rument shall cons�itute a Security Agreement to �he e�ctan� any af the Proper�y
<br /> �ans�i�utes fx�ures, and Lender shafl ha�e all a�th� �-ights��a se�ured party unde�the UnEfarm Commercial Code
<br /> as amended from time ta�im�.
<br /> Secu�ity lnteresfi. Upon request by Lender, Trustar sha[[ fiake whatever action is requested by Lender to perfec�
<br /> and continue Lender's securi�y interest in #he Rents and Pe�rsonal Prvperty. In addition to recording th�s Deed o�F
<br /> Trust in the real property �ecard�, Lender may, at any time and withvu� furth�r autharizatian from Trustar, fle
<br /> execu�ed counterparts, �apies vr reprvductians af this Deed vf Trus# as a fnancing statemen�. Trust�r sha[l
<br /> reimburse L�nder for al1 expenses incurred in perfecting vr con#inuing this securi�y interest. Upon default, Trustvr
<br /> sha�! not remove, se�er or deta�h the Personal Pr�perty€ram the Property. Upan defau[t, Trustor sha�! ass�mble
<br /> any P�rsonaf Property not affixed ta the Proper�y in a manner and a�a p[ace reasonably con�eni�nt ta Trustor and
<br /> Lend�r and mak� it a�ailab[e t� Lender within three �3} days after receipt of written demand from Lender to �he
<br /> extent permitted by applicab[e law.
<br /> Address�s, The mailing addresses af Trustor �d�btor} and Lender �secured party} from which infarmatian
<br /> con�erning the security in�erest gran�ed by this Deed of Trust may be o�tained �each as required by the Uniform
<br /> �ammercial Cvde}are as stated�n the first page af this Deed of Trust.
<br /> FURTHER ASS�RANGES; AT��RNEY-IN-F�CT, The foll�wing provisions �-e[ating �o further assurances and
<br /> at�arney-in-fact ar�a par�o��his Deed of Trust:
<br /> Further Assurances. Afi any�ime, and firvm time to time, upan request afi Lender, Trustor wi[1 make, execuke and
<br /> deli�er, vr wil! cause tv be made,e�ecuted ar deli�ered, to Lender ar ta Lender's designee,and when r�quested by
<br /> Lender, causs�o be fi[ed, re�rded, ref[ed, or rerecarded, as the case rrtay be, at such ti mes and i n such vffi ces
<br /> and pEaGes as Lender may deem appropriate, any and a[1 sucl�r martgages, deeds of trust, security deeds, secUrity
<br /> agreemen�s, financ�ng statements, cvn��nuation s�atements, ins�ruments af further assurance, cer�ifi�ates, and
<br /> vther dacuments as may, in fhe so�e opinion of Lender, be neces,sary or desirable in order tv ef�ec�ua�e, camplete,
<br /> perfec�, continue, or preserve ('1} Trus�n�'s obligat�ons under the hIote, this Deed of Trust, and the R,elated
<br /> Dvcumerrts, and t2} the[iens and secu�ity interes�s created by this Deed vf Trust as fir�st and pr�vr�iens an the
<br /> Property,whether nnw owned or hereaf�er aoquired by Trustor. Unless prohibited by!aw or Lender agre�s to the
<br /> �ontrary in writing, Trustor shall reimburse Lender fivr all cosfs and expenses incurred in connectian with �he
<br /> matters referred tn i n th is paragraph.
<br /> At�orney=in-Fa�t. If Tnastor fa�ls to do any of�he�hings re�erred tv �n the preoeding paragraph, Lende�may do so
<br /> f�r and in the name of Trus�o�and a�t Trustar's expense. For such purposes, Trustar hereby�rre�ocably appvin�s
<br /> Lender as Trus�or's attorney-in-fact for fhe purpose of making,executing,deli�ering,f��ng, recording, and doing af�
<br /> ather things as may be neoessary or desirab[e, �n Lenders so[e opinion, to accamp�ish the matters referred tv in
<br /> the preceding paragraph.
<br /> FULL PERF�RMANCE. [f T�-ustor pays all�he Indebtedness, inc[uding without[imi�afion afl future ad�ances, when�ue,
<br /> and otherwise performs all the ob[igations impased upon Trus�or under�his D�ed of Trus�, Lender shal[ execufe and
<br /> de[i�er to Trustee a request far fufl reoon�eyanoe and shall execut� and deli��r �o Trust�r suffable statemen�s vf
<br /> ferm�na�ion �f any financing statement an file e�idencing Lende�'s securiiy in#eres� in the Rents and the Personal
<br /> Property. Any�eaan�eyance fee re�{uired hy law shal[be paid by Trus�or, i�permitted by applicable�aw.
<br /> EV�NTS QF �3EFA�LT. Each ❑f fhe fallowing, at Lender's aptian, shall canstitute an Event of Defau�t under this D�ed
<br /> af Trust:
<br /> Payment De�aui�. Tn.isfior�ails to mak�any paymen�wh�n due under the Indeb�edness.
<br /> D�her Defaults. Trus�ar fails to comply with or fv per�orm any oth�r term, vb�igafion, co�enant or candi�ian
<br /> con�ained in this Deed af Trust or in any of fhe Related Dvcuments vr to comply with or�o perform any t�rm,
<br /> obligation,co�enant vr canditian cantained in any o�her agreement between Lender and Trus�or.
<br /> Compliance Default. Fai�ur-e to comply with any other term, obligation, cv�enant or condi��vn cvntained in �his
<br /> D�ed vf Trust,th�Nate vr in any of the Rela�ed Documents.
<br /> Defauit on Dther Payments, Faifure o�Trusto�-within the time required�y this Deed vf Trust ta make any payment
<br /> fivr taxes or insu�-ance,or any ather payment nacessary ta pre�ent filing of or tv effect discharge af any iien.
<br /> D�fault in Fa�ar a�Third Parties. 5hould �rantvr default under any Ioan, extensivn of credit, s�curity ag�-eemenf,
<br /> purchase or sales agreemenfi, or any❑�her ag�-�ement, in fa�ar❑f any�fher c��di�or or p�rson that may materia[ly
<br /> a€fie�� any �f Grantar's property o�- Granto�-'s ability tQ repay the Indebt�dness a�- Gran�vr's ability to p�rtarm
<br /> Grantor's�bligati�ns under this❑eed vf Trust v�any vf the Relafied❑vcuments.
<br /> False Staternents. Any warranty, r�presentafion or stafemen# made vr furnished to Lender by Trus��r vr vn
<br /> Trustor's behalf under this Deed❑f Trus�or#he Re[ated Dvcumen�s is false❑r mis[eading in any ma�er�al resp�ct,
<br /> ei�her now or at the�ime mad�❑r�urnished or becomes fa[se or misleading at any��me ther�af�er.
<br /> Defective Co�la�eralizafion. This D�ed o� Trust or any vf�he Rela�ed Documents c�ases ta be in full force and
<br /> efiFec� �including failure❑f any co[[ateraf documen��o create a valid and perFec�ed secu�ity �nteres�or lien}a�any
<br /> tim�and�or any reasan.
<br /> Death or lnso[vency. The dea�h of Trus�or,#he insol�ency❑f Trustor,the appvintment af a receiver for any part of
<br /> Trustor`s property, any assignmenfi for the b�ne�it a� creditors, any type of Greditor workvut, or the
<br /> commencement of any p�-aceeding under any bankruptcy or insol�ency lav►rs by vr against Trus�vr.
<br /> Creditvr or Far�eitu�-e Proceeding�. �ammencement v�foreclosur� ar fvrfeiture procsedings, whether by�udiciai
<br /> proceeding,self help,repassessian vr any other me�hvd, by any�reditvr of Trustor or by any gvvernmental agency
<br /> agains�t any property securing the Indeb�edness. This in�Iudes a garnishment of any ❑f Trustor's accvunts,
<br /> inc[uding depasit accounts, wi�h Lender. Howe�er, this Even� o� Default shall not apply if there is a gvod faith
<br /> d�spute by Trustor as ta the va�idity or reasonableness of the �laim v�rhi�h is the basis o�F the creditvr or forFeiture
<br /> praceeding and if Trustvr gives Lender wri�ten nv�kice of the cred�to� ar forF�iture proceeding and depvsits with
<br /> Lender monies ar a surety band fvr the creditvr or fvrfeiture prviceeding, in an amount d�termined by Lender, in its
<br /> sc�le discretiQn,as being an adequa�e reserve ar b�nd fa�r the dispute.
<br /> Breach of Q�her Agreement. Any breach by Trus�or under the terms of any o�her agreement be�inreen Trustar and
<br /> Lend�r#hat is nvt remedied with�n any grace period pro�id�d therein, including wi�hout limi�a�ion any agr�ement
<br /> conc�rning any indebtedness ar o�her�bliga�ion❑f Trustor to Lender,whether exis�ing now�r later.
<br /> E�ents Aifecting Guarantar. Any o�the preced�ng e�ents occurs wi�h respe�t tv any guarantor, endorser,sure�y,
<br /> �r accommada�ivn party vf any of the Indebtedness or any guarantor, endarser, surety, or accommodation par�y
<br /> dies or b��omes incomp�tent, or re�okes ar disputes �he �alidity of, or liabi[��y under, any Guaranty ❑f �he
<br /> Indeb#edness.
<br /> Ad�er�e Change. A material ad�erse change �ccurs in `Trustor's f nancial conditivn, or Lender belie�es the
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