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2� 1 ��2325
<br /> DEED �F TRLJST
<br /> ��orttlrlued� Page �
<br /> EXISTING[NDEBTEDNESS. The follawing pro�isians con�erning Existing lndek��edness are a part of this Deed of Trust:
<br /> Existing Lien. The �ien vf th�s Deed af Trust securing the Indeb�edness may be secondary and inferior to an
<br /> existing lien. Trustor�xpressly�v�enants and agre�s t❑ pay, �r see tv the payment o�, the Exisfing indebtedness
<br /> and to pre�ent any default on such indeb�edness, any de�ault under th�instrumen�s e�idencing such indebtedness,
<br /> or any defaui'�under any security documents�or such indebtednes�.
<br /> No �Illadificativn. T�-ustor shall not enter into any agreement with �he hvlder of any m�r�gage, deed of trustp �r
<br /> ofiher security ag�-eement which has priority a�er #his Deed af Trust by which that agreemen� is modified,
<br /> amended, extended, vr ren�wed without the pri�r wr�tten consent c�f Lender. Trusfor shall neither request nor
<br /> accept any future ad�ances under any such security agr�ement without the prior writt�n cvnsent of Lender.
<br /> C�NDENINATI�N. The fol�vwing pro�isivns relating to condemnativn proc�edings are a part of this Deed of Trust:
<br /> Proceedings. 1� any praceeding in cvndemna�ion �s fiied, Trust�r shai� promptly natify Lender in writing, and
<br /> Trustor sha�� prvmptfy take such st�ps as may be necessary to defend the actian and ob�ain the award. Trustor
<br /> may be the nominal party in such praceeding, but Lender shall be entitled�o participate in the proceeding and ta be
<br /> represented in th� proceeding by counsel vf its own choice, and Trustor wifi deli�er or Gause f� be deli�ered to
<br /> Lender such instruments and dvcurnentation as rr�ay be reques�ed �y Lender from time #❑ time �o permit such
<br /> participation.
<br /> App�ication of Net Proceeds. !�a11 vr any part of the�roperty is condemned by eminent domain proceedings ar by
<br /> any proceeding or purchase in lieu of candemnation, Lender may at its�lection require that all or any portian �f�he
<br /> net proceeds ��the award be app�ied to the lndebtedness or the repai�-or �-estoration nf the Property. The net
<br /> proceeds of�he award sha�l mean the award a�fter payment o�all reasonable casts, expenses, and attorneys'fees
<br /> incurred by Trustee or L�nder in connectinn with the condemna�ion.
<br /> lAIIP�SlTI�N aF TAXES, FEES AN� CHARGES BY G�VERNMENTAL AUTHaR[TIES, The fo�lowing pro�isians re�ating
<br /> to go�ernmental taxes,fees and charges are a part of�h�s�eed of Trust:
<br /> Current Tax�s, Fees and Charges. Llpvn reques� by Lender, Trustar shall execute such documents in addi�ion to
<br /> this Deed of Trust and take whate�er other ac�ion is requested by Lender fo-perFect and cvn�inue Lender's lien on
<br /> the Rea1 Prope�ty. Trus�or shail reimburse Lender f�r all taxes, as described befvw, together with alf expenses
<br /> incurred in �-ecording, perfecting ❑r �ont�nuing this Deed flf Trust, �ncluding without limitativn all taxes, ��es,
<br /> docurnentary stamps, and�ther charges for record�ng❑r reg[stering�h�s Deed of Trust.
<br /> Taxes. The follawing sha11 cvns�itufe taxes to which this s�ctian applies: ��} a specific tax upan this �ype ❑f
<br /> D�ed of Trust ❑r upvn a11 or any park of the [ndebtedness secured by�his Deed of Trust; ��} a specific tax on
<br /> E�orrouver which Borrower is authorized or required ta deduct frvm payments ❑n fhe Indebtedness secured by#his
<br /> type of❑eed of Trusfi; (3} a tax on �his type of Deed of Trust chargeable against the Lender or the holder a�the
<br /> Credit Agreement;and �4} a specifc tax❑n all or any pvrtian o�the Indeb�edness❑r on paymen�s of principal and
<br /> in��rest made by Borrower.
<br /> 5ubsequent Taxes, lf any tax to which �his se�#ion applies is en�cted subs�quent to th� date of�his D�ed of
<br /> Trus#, this e�en� shaii ha�e the same e'�fect as an E�ent of Defau��, and Lender may exercise any vr all of �ts
<br /> a�ai(able remedies fvr an Evenf o� Defauit as pro�ided befow unless Trus�or either ('[} pays �he tax before i�
<br /> becomes delinquent, ar ��} �ontests#he tax as pro�ided above in�he Taxes and Liens section and deposits with
<br /> Lender cash ar a sufficient corporate surety bond or other security satisfa���ry�o Lender,
<br /> SECURITY AGREEMENT; F�NAN�ING STATEMENTS, The fof iowing pro��sions relating t� this Deed of Trus# as a
<br /> se�urity agreement are a part nf this Deed of Trust:
<br /> Security Agreem�nt. This ins�rument shall cans�titute a 5ecurity Agreement to �he extent any af the Property
<br /> constitutes fixtures, and Lender shall have all of the ri�hts af a secured par�y under the Uniforrn Cvmmerciai�ode
<br /> as amended fr�m time to�ime.
<br /> 5ecurity interest, Upon request by Lender, Trustor shal[ take whate�er act€on is requested by L�nder to per�ec�
<br /> and cantinue Lender's security interest in the P�rsona� Properfiy. ln additivn to recording�his ❑eed of Trust in the
<br /> real property records, Lender may, at any t�me and with�u# fur�her authori�ation fram Trus�or, file executed
<br /> counterpar�s, copies or repraducti�ns �f this D�ed of Trust as a financing statement, Trustor shall reim�urs�
<br /> Lender fvr all expenses incurred in per�ecting vr�ontinuing �his se�urity interest. Upon defau�t, Trustor shall not
<br /> remo�e, s��er or detach the Persona� Property from the Pr�perty. Upvn default, Trustor sha�l assemb[e any
<br /> Person�l Proper�y not affixed tv �he Property in a manner and at a pface reasonab(y con�enient �v Trustor and
<br /> L�nder and make it avaE[able to Lender with�n three �3} days afte�-receipt of written demand from Lender to the
<br /> ext�nt permitted by app[�cab�e law.
<br /> Addresses. The mailing addresses vf Trustor �debtor} and Lender �secured party} f�-om whi�h informa#ion
<br /> con�erning the security �nterest granted �y this Deed o�Trusfi may be obtained {each as required by the Uniform
<br /> Commercial�ode}are as stated❑n the first pag�af this Deed of Trust.
<br /> FLIRTHER ASSURANCES; ATT�RNEYRIN-FACT. The fol[awing prv�isions rela�ing tv further assurances and
<br /> attorney-in-fact are a part of#his Deed of Trust:
<br /> Furth�r Assurances. ►�t any time, and fram tim��o time, upon r�quest of Lender, Trustor wi[[ make, execute and
<br /> deli�er, or will cause ta be made, executed or deli�ered,�v Lender vr�o Lender's designee, and when requested by
<br /> Lender, cause to be�i�ed, recorded, refiled, or rerecorded, as the case may be, at such times and in such of�ices
<br /> and places as Lender may deem appropria�e, any and all such mortgages, deeds nf trust, se�urity deeds, security
<br /> agreements, financing statemen�s, cantinuation statemen�s, instruments of fu�ther assurance, certificates, and
<br /> other dacumen�s as may, in the sole opinion of Lender, be ne�essary or des�rab�e in order to e�Fectuate, �omplete,
<br /> perfec�, �ontinue, vr preserve ��} Bvrrawer's and Trustor's obligations under the Gredi#Agreement,this Deed vf
<br /> Trust, and the Related Documents, and ��} the liens and se�urity interests �reated by this❑eed af Trust❑n the
<br /> Praperty,whether nvw owned or hereafter a�quired by Trustor. Uniess prahibi�ed by law vr Lender agrees to the
<br /> contrary in writing, Trus�or sha�1 reimburse Lender for all costs and expenses incurred in connection with the
<br /> matt�rs referred#o�n this paragraph.
<br /> A�t�rney-�in�Fact, 1f Trustar fails to da any of the things re�erred to in the preceding pa�-agraph, Lender may do so
<br /> fv�and in the name of Trustar and at Trustor's expense. For su�h purposes,Trustvr hereby irre�ocably appoints
<br /> Lender as Trusfior`s afitorney-in-fact fvr the purp�se of making,execu�ing, deli�ering,f�fing� recording, and dving all
<br /> other things as may be necessary vr des�rable, in Lender's sale opinivn, to ac�vmp�ish the matt�rs referred to in
<br /> the preceding paragraph.
<br /> FULL PERF�RMAI�CE. I�'Borrower and Trus�or pay a1� the Indebtedness when due, terminates the cre�it line account,
<br /> and Trus#or atherwise performs all the obligatians imposed upon Trus�ar under this ❑eed af Trus�, Lender shall execute
<br /> and deli�e�to Truste� a reques#for ful� recvn�eyance and sha�� execute and de[i�er to Trustor suitab�e statements �i`
<br /> terminatian vf any �inancing statement an file e�iden�ing Lender`s security infierest in the Rents and the Personal
<br /> Property. Any recon�eyance fee required by law shall be paid by Trus�or, if permitted�y app[icabfe law.
<br /> EVENTS �F�EFAULT. Trus#or wilf be ir� default under this Deed of Trust if any of the f�llowing happen: {A} �rustvr
<br /> commits fraud or makes a material misrepresen#ation at any time in connection with the �redi�Agreement This �an
<br /> include,for example, a false statement abvut Borrower's❑r Trus�ar's incame, assets, liabi�it�es, or any other aspects of
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