|
2� 1 ��2298
<br /> vEE� oF T�usT
<br /> Laan No: 7�'I 288743 {�otlt�nued} Page 5
<br /> Curren# Taxes. Fees and Charges. Llpon request by Lenderf Trust�r shaII execute such dvcum�n#s in a�d�tiQn to
<br /> this Deed ❑f Trust and take whatever other action is request�d by Lender tv pe��e�t and �vntinue Lender`s iien on
<br /> �he Rea! Praper�y. Trustor sha[[ reimburse Lende� far aEE taxes, as �escribed heEvw, together wEth ali ex�enses
<br /> incu�red in re�vrding,,.perfecting or cvntinuing th�s D�ed of Trus�, including without limi�a#ion a�f taxes, fees.
<br /> dvcumentary stamps, and v�her charges far recording or registering this Deed of Trust, �
<br /> Taxes. The fo[�owing shal� constitu�e taxes to which this sec�ivn app�ies: {'I� a specific tax upan �his type af
<br /> Deed of Trust ar upon a[I ❑r any part o�the Indebtedness s�cursd by this ❑eed o�Trust; {2} a speei�Fic tax on
<br /> T�-ustor which Trusfior is authvrEzed or required to deduc��ram payments vn the �ndebtedness secured by this type
<br /> ot Deed of Trust; {3} a tax fln this �ype❑f Deed ��f Trust chargeab�e against the Lender❑r the hnlder of the Note;
<br /> and �4� a spe�i�ic tax❑n a�l �r any portion o�F the [ndeb#edness or on payments af principa� and interesfi made by
<br /> Trus�ar. �
<br /> 5uhsequent Taxes. I� any tax to which �his section applies is enacted subsequent to the dat� a� this Deed o�
<br /> TCL15�, #his e�ent sha{! ha�e the same e�fect as an Event of Qe�ault, and Lender may exercise any or al� o� its
<br /> available rerrtedies �ar an E�ent fl� Default as pro�ided helow unless Trustor e�ther ��� pays the tax befvre i�
<br /> becomes de��nquent, or �2j contests the tax as prvvided abo�e En the Taxes and Liens sec��on and depos�ts wi�h
<br /> Lender cash or a suf�icient cvrporate surety band or o#her security satisfactory to Lender.
<br /> SECURITY ACREEMENT; FIN►4N�ING STATEMENTS. The fvIlowing pra�isians relating to this Deed af Trust as a
<br /> securi�y agresment are a par���th�s Deed v�Trust: .
<br /> Securi#y Agreement.- This ;nstrument sha[[ canstitute a 5ecurity Agreement to the extent any of #he Property
<br /> constitutes �ix�ures, and Lender sha1I have a[I of the rights of a secured party under the Uni�arm Commerciai Gade
<br /> as amended frnm�ime to tEme.
<br /> 5ecurity �nterest. Upon request by Lender, Trus�vr shali take whatever action is reques�ed by Lender to perfect
<br /> and�cant�nue Lender's security interes� in�he Pe�sona[ P�aperty, �n addition to recordEng this Deed of Trust �n �he
<br /> real property recor�is. Lender may, at any time and without �urther authvrEzation from Trustor, file executed
<br /> Goun�erparts, copies or reproductivns �af this �eed a� Trust as a �inancing statem�nt. Trustor shall reimburse
<br /> Lender for all expenses incurred in perfecting or cont�nuing this security int��est. Upan defau�t, Trustor sha11 no�
<br /> remoWe, se�er or detach �khe�Persanal Property from the Property. Upon defauit. Trus�vr shall assemb[e any
<br /> Persana[ Pr�perty not affixed t� the Property in a manner and at a p�ace reasvnabIy can�enient tv T�ustor and
<br /> Lender and mak� it a�ailable to Lender within three�t3� days a�fter receipt of writ�en demand �rrvm Lend�r ta the
<br /> �xten�permitted by applicab�e jaw.
<br /> Addresses. The mailing addresses of Trus�or {debtor� and Lender {secured party� �ram which in�Fvrma�Ean
<br /> concerning �the secur�ty interest granted by this Deed of Trust may be obta�ned {each as required by the Uniform
<br /> Commerciaf ��de� are as stated vn the firs�page nf this Qeed of Trust.
<br /> FURTHER ASSURANCES; ATT�RNEY�IN-FACT. The �of�vwing provisivns rela#ing to �urther assurances and
<br /> attorney-in-fac�are a part o�F this Deed af Trust:
<br /> Further Assurances. At any time, and from time to time, upvn request o� Lender, Trustor wi�l make, execute and
<br /> dsliver, or wi[[ cause to be made, execu�ed or delivered, �o Lender or t❑ Lend��'s designee. and when requested by
<br /> Lender, cause ta be filedr recorded. re�i�ed, or rerecordsd. as the case may be, at such �imes and in su�h ❑ffi�es
<br /> and pl�ces as Lendsr may deem appropr�ate, any and all such mortgages, deeds ❑f trust, s�curity deeds, security
<br /> agreements, �financing statementsr continuation statemen#s� instruments of �urther assurance, cer�ifi�ates, and
<br /> �ther documen�s as mayr in the svle opinion o�Lender, be necessary vr desirab[e in order to�e��ectuate, complete,
<br /> pe�fect, can�inue. or preserve {�f Trust�r`s obligations under the N��e, this Deed of Trust, and the Refated
<br /> Qacuments, and {2} �he iiens and security Enteres�s �reated by this Deed ❑�Trust vn the Prape�y, whe#her now
<br /> vwned or hereafter acquired by Trustar. Unless prohibited by [aw vr Lender agrees to the �contrary �n wri�ing,
<br /> Trustar shal[ reimburse Lender�or a1[costs and expenses incurred in connection with the ma#ters referred to En this
<br /> paragraph.
<br /> Attorney-in-Fact. i�Trustor�ails tfl d❑ any of#he things refierred to in the pre�eding paragraph, Lender may do so
<br /> �or and in the name of Trus�ar and at Trusta�'s expense. Fvr such purpvses, Trustvr hereby irreva�ably appoints
<br /> Lende�as Trustar's attorney-in-�Fact for the purpose of making, executing, deli�er�ng, filing, recarding, and doing aIl
<br /> other things as may be necessary ❑r desirable, in Lender's soEe apinion, to accomplish the ma��ers re�erred �t� in
<br /> the precedEng paragraph.
<br /> FULL PERF4RMANCE. If Trustor pays a!f the 1nd�htedness, including withvut i�mitatian ai� future ad�ancesr when due,
<br /> and atherwis� per�arms all the vbliga�ions imposed upan Trustar under �his Deed vf Trust, Lender shall execute and
<br /> de[iver �v Trustee a request for tuI� rec�n�eyanGe and shali execu#e and de[iver tv Trus�or sui�able statemen�s o�
<br /> termination of any fEnancing statement on fiie eviden�ing Lender's security interest in the Rents and �he Pe�sonal
<br /> Property. Any recon�eyance fee required by law sha�i be paid by Trustar, i�permitted by appji�able�aw.
<br /> DEFAULT. A�Lender's option,Trustor will be in defau�t ur�der this Deed❑�Trust��any of the foflowing happen:
<br /> Fraud or Material Misrepresen#ation. Trus�or commEts �raud or material misrepresentat�on in cvnnec�ion v►rith the
<br /> terms v�the Note.
<br /> Paymen#De�auIt, Trustar�aifs tv meet the repaymenfi terms of the Note�For any outstanding balance.
<br />
|