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2� 1 ��2555
<br /> �]EIEC� �F TRLJ�1�
<br /> ����1t��1�ed} Page �4
<br /> net p�aceeds of�h� avvard be app�ied tv the Indebtedness ar the �epair ar restora�ion o�F#he Praperty. The net
<br /> praceeds a�the award shall me�n the award after payment of all reasonable cas�s, expenses, and a�#orneys'�ees
<br /> incurred by Trustee or Lender in connection with the condemna�ian.
<br /> IMP�51TCflN �F YA�E5, FEES AND �HAR��S BY G�VERNNiEN`TAL AUTHC]RITIES. The fo1lowing pra��s�ans relating
<br /> tv goWernmenta�taxes;fees and charges are a par�:of fihis Deed v�Trust:
<br /> Cur�-ent Taxes, Fees and Charges,; Upon request iay Lender, Trustor sh�11 execute such dacumen�s in add�tic�n to
<br /> this Deed ❑f Trus�and�ake whate�er❑�her a�tion is r�quested by Lender to per�ect and cantinue Lender's lien an
<br /> the Rea� Property. Trus�or shall reimburse Lender far aIl taxes, as desGribed belovU, �ogether with all,expenses
<br /> �ncurred in recording, per�ecting or con�inuing th�s Deed of Trus�, includ�ng w�thout limitation �I� fiaxes, fees,
<br /> documentary stamp�,and ❑ther charges for recvrding.or regEster�ng this Deed o�F Trus�.
<br /> Taxes. Th� following shall constitute taxes �o which this section app�ies: �'�} a specific tax upon this �ype vf
<br /> Deed of Trust or upan a�! or any par�❑f the Indehtedness secur�d by thi� Deed ❑�Trust; t2} a speci�ic fax on
<br /> Trus�or which Trus#or is au�harized ar required tv deduc�from paymen�s on the Indebtedness secured by this type
<br /> of Deed❑f Trust; (3} a tax vn this type af Deed of Trust ch�rgeabl�e against fihe Lender or�he ho[der of the Credit
<br /> Agreement; and �4} a speGific tax on al� ar any pvrtion vf �he Indeb�edness or on paymen�s of principal and
<br /> interest made by Trus�tor.
<br /> Subsequent Taxes. !f any tax ta which '�h�s section �pp�ies �s enac#ed �ubsequent �a '�he da�� of�h�s ❑eed of
<br /> T�-ust, th�s eWent shall have the same effect as an E�ent of Defauft, and Lender may exer�is� any or all o�F its
<br /> a�ai�able remedies for an Event �f Defau�t as pro�ided belaw un[ess Trustar either �1} pays the �ax befare it
<br /> becomes del�nquen�, ar ��} contes�s the tax as provided abo�e in the Taxes and L�ens section and depas�ts with
<br /> Lender�ash ar a sufficient c�rparate surety bond nr other secu�ity satisfa�tQry�o L�nd�r.
<br /> SE�URITY AGREEMENT; FINAN��NG STATEI�lENTS. The fo(lovuing pro�isivns re�ating �o �his ❑eed o� Trusf as a
<br /> security ag�-eement are a park af this❑eed of Trus�:
<br /> �ecur�ty Agreemen�. This �n�trument shall cans�i#ute a Security Agreemen� to the extent any of the Property
<br /> consti#utes fxtures, and L�nder shail have all of the righ#s of a s��ured party under#he �Jn�fnr-m Comme�-cial Gode
<br /> as amended from time tn time.
<br /> Security In�erest. LJpon request by Lend�r, Trustrar shalf �ake whate�er a��ion is requ�sted by Lender tc� per�ect
<br /> and cant�nue Lender's security interest�n the Persoha! Pr�per�y. In additian#a recording this ❑eed o#Trust in the
<br /> reai prop�r�y re�ords, Lender may, a� any #ime and w�thout fur�her authariza�ian frvm Trustor, fiie executed
<br /> counferpar�sr Ca�I�S or reproduc�ions af �his D�ed D� TI'US� �5 a financing statemen#. Trustor shall reimburse
<br /> Lender for ail expenses �ncurred €n perfi�ct�ng ar cvntinu�ng this security interest. �1pc�n default, Trus�or sha[� not
<br /> remoWe, sever vr detach the Persana( Proper�y fram the Properky. Upon �e�aul�, Trus�ar shall assemble any
<br /> Persanal Prvp�rty nat a�fiixed '�o the Prape�fiy in a manner and at a place reasonably con�enient to Trustor and
<br /> Lender and make it a�ai�able �v Lender wi�hin #h�e� �3� days after receipt of writ�en demand fram Lender ta �he
<br /> ex�en'�perm��ted by app[icab�e 1aw.
<br /> Addresses. The mailing addresses a� Trustar �deb�or} and Lender �secured party} from whi�h infiarmati�n
<br /> concerning fhe security interes#grant�d by th�s Deed o�Trust may be r�bfiained �each as required by the Uniform
<br /> Commer�ial Code}are as sta�ed on the�irst page of this Deed a�Trust.
<br /> F�JRTHER ASSURANCES; ATT�RNEV-[N-F'ACT. The �Follo�ing pra�is�ons relafiing to �ur�her assurances and
<br /> • attarney-in-fa�#are a pa�t af this De�d af Trust:
<br /> Fu�ther Assu�ar��es. At any�irne, and fr�om #ime to time, upon request af Lender, Trustor w�[I make, execute and
<br /> deli�er, a�vvill �ause�o be made,executed or deli�ered, #a Lender Qr�o Lender's designee,and wh�n reques��d by
<br /> Lender, �ause ta be�led, r�ecorded, refiled, ar rerecardecl, as the case may be, at such times and in such offices
<br /> and piaces as Lender may deem apprapriate, any and aIt such m�rkgages, deeds o�trust, security d�eds, security
<br /> agreemen�s, finan��ng statem�nts, c�n�inuation statem�nts, ins�ruments �f �u�ther assurance, certificates, and
<br /> ather dQcumen�s as may, in the sale opinion vf Lender, be necessary ar des�rab�� in order.�o ef�ectuat�, compfete,
<br /> per�ect, continue, ar presen�e ��} Trustor's obligations unde�the Credi�Agreement, th�s t]eed o�Trust, and the
<br /> Related ❑ocuments, and �2� ` the liens and security interes�s created by this Deed of T�ust Qn the Prvperty,
<br /> whe�her now awned or he�-eafter a�quired by Trustar. Unless prvhibit�d by)a�rv ar Lender agrees fia the contrary irr
<br /> writing, Trustor-shall reimburse Lende��ar afI casts an� expenses incurred in cvnn�c#ion with#he matters referred
<br /> ta in this paragraph.
<br /> Attorn�y-in-Fact. If Trustor fai�s to d❑any❑f�he things ref�rred ta in the preceding paragraph, Lender may d❑sa
<br /> for and in the name o�Trus�or and at Trus�or's expense. For such purposes, Trusfor hereby irre�acably appaints
<br /> Lender as Tru�t�r's attv�ney-in-fact for th� purpose a�making, executing, delivering,filir�g, recording, and daing all
<br /> other things as may be necessary o�desirable, in Lender's s�le apinion, to accomplEsh the matters �eferred tQ in
<br /> the pre�eding paragraph.
<br /> F�LL PERF�RIUNANGE. lf T�ustor pays all the Indebfiedness when due,te�m�na�es the credit line aGcoun�r�71�{�CSt�'lEl"1Ni5E.'
<br /> per�orms al1�he abligat�t�ns imposed upon Trusfor under this Deed af Trust, Lender shall execute and de�i�er to Trustee
<br /> a reques� f�r �ul� reconveyance and sha{� execuxe and deli�er to Trustor suitable sta�emen�s of termination a� any
<br /> fnancing sta�em�nt on file e�td�ncing Lender's secur�ty interest in the Rents and �he Persanal Prope�ty: Any
<br /> recon�eyance�ee required by law sha1E be paid by Trus�ar, i-�permit�ed by app�i�abfe�aw.
<br /> EVENTS OF DEFAULT. Trustor will b�in defau�t under�his ❑eed a�f Trus�i�F any o��he fo�lav�ring�happen: �A} Trustor
<br /> cammits fraud nr makes a materia� misrepresentation a� any��me in connectian with the Credit Agreemen�. Th�s �an
<br /> i�t�lude, far example, a false s#atem�nt abaut Trustor's income, a55��5� li�bi�i�ies, ar any other aspects of Trust�r's
<br /> financial condition. {g} Trust�r does not meet�h� repayment#�rms❑�the Credit Agreement. �C} .Trustor`s acti�n vr
<br /> inac#ion ad�ersefy affects the Gol�ateral ❑r Lender's righfs in the �o�fa�sral. This can include, fvr examp�e, failure ta
<br /> maintain required insurance,waste vr destructi�e use�f the dv►reliing,failure ta pay taxes,dea#h of�!f persons liable on
<br /> �he accaunt, transfer o� t�tle ar sal� a� �he dwe�ling, crea�ion af a sen�or Iien an �he dwel�ing wEfhout Lender`s
<br /> permission,�oreclosure by�he holder nf ano'�her lien,or the use of fun�fs or the dw�lling for prohEt�ited purpases.
<br /> RIGHTS AND REMEDIES �N DEFA�LT, ff an Event af aefault accu�s under�his Deed of Trusfi, a�any t�me thereafter,
<br /> Trus�ee or Lender may exercise any one or mare af#he follow�ng rights and remed�e�: -
<br /> ►4c�etera�ian Upan❑efaul�;Additional Remedies. �f any E�ent of❑efau�t❑ccurs as per the�erms of the�redi�
<br /> Agr�ement s�cured he�-eby, Lender may deciare aEf Indeb�edness secured hy this,Deed af Trust to be due and
<br /> payable and�he same shall thereupan become due and payahle wi�hou�any presentment, demand, protest or
<br /> n�ti�e o�any kind. Thereafter, Lender may:
<br /> �a} E�ther in persQn vr by agent; with or wi�hout bringing any action ar pra�eed�ng, or by a receiver
<br /> appa�nted by a caur�and without�egard to the adequacy o��ts�ecurify, enter upan and take passession
<br /> vf the Prvper�y, or any par��hereof, in its awn name or in�he name v�Trustee, and da any acts which i�
<br /> deems necessary vr desirable to pr�se�ve�he vaiue, marketability or ren�abiIity af�he Property, ❑r part vf
<br /> �he Pr�aperty or�nt�res�in the Proper�y; �ncreas�#he income from�he Properky or prote��the security of
<br /> the Property; and, wi�h or withau� taking passessian of the prvper�y, �ue #or ❑r o�herwise collect the
<br /> rents, issues and pro�its o�the Praperty, �ncluding �hose past due and unpaid, and apply the same, less
<br /> costs and e�penses of aperation and Collection att�rneys'fees,�o any indebfiedness secur�d by�his Deed
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