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<br /> DEEID �F TRU�T
<br /> �Cont[r�u��} Page 4
<br /> and �4} a specific tax vn all o�-any portian ❑f the Indebtedness or on payments of principal and in�erest mad�by
<br /> Trustor.
<br /> 'Subsequen� Taxes. 1f any tax ta which this se�tian applies is enacted subsequent �n �he da�e of this Deed Qf
<br /> Trust, �his e�ent sha�� have the same effe�t as an Event of I]efaul�, and Lende� ma� exercise any or all af its
<br /> availab�e remedies far an Event of Default as prv�ided below unless Trustar e�ther �1} pays �he tax befo�-e it
<br /> becames cielinquen�, or ��} con�ests the�ax as provided abo�e in the Taxes and Liens section and deposits with
<br /> Lender cash or a su�ficient corporat�surety bond or Qther securi�y satisfac�ory to Lender.
<br /> SEC�I�rTY AGREEMENT; FINANGING STATEMENTS. The �allowing provis�ons relating to this ❑e�d a� Trust as a
<br /> secu�ify agreement are a par�vfi#his Deed o�Trust:
<br /> 5ecurity Agre�men#. This in�t�-umenfi shall constitute a Security Agreemen� to the �xtent any af the Prvperty
<br /> constitutes fx�ures, and Lender shall have al�o�the rights Qf a secure� party under the Unifvrm �Qmmercia� Code
<br /> as amended�rom fiime tv�ime.
<br /> Security Inte�est. L1pon requ�st by L�nder, Trus#�� shall take wha#ever aG�ion is requested �y Lender tv perfect
<br /> and cantinue Lender's security interest in th� Rents and Personal Prvperty. �n addition to recv�ding this ❑eed �f
<br /> Trust in the r�al prvpe�y recards, Lender may, at any time an� withaut further auth�riza�ian from Trustar, file
<br /> executed c�unterparts, capies vr reproductians af th�s Deed �� Trust as a fnanc�ng sta�ement. Trust�r shall
<br /> reimburse Lender for all expsnses incurred in perfec��ng vr�ontinu�ng this se�urity in�erest. UpQn defaul�, Trustor
<br /> shall not rema�e, se�er or de�ach the Persvnal Property from �he Proper�y. L1pan default, Trustvr shall assemble
<br /> any Personai Pro�erty nat a�fxed �o the P�vper�y in a manner and at a place reasonably can��nient�a Trustor and
<br /> Lender and make i� a�aifabfe ta Lend�r within three �3} days a�ter r�ce�pt of wri��en demand from Lender tv the
<br /> extent permitted by applicab�e law.
<br /> Addresses. The maifing addresses of Trus�or �debtor} and Lender {secured par�y} from which inf�rma�ion
<br /> concerning the security in�erest granted by this ❑eed of Trust may be abtained (each as re�uired by the Uni�orm
<br /> GQmmerc�al Code}are as s�afied ❑n the���s�page af�his De�d of Trust.
<br /> FURTHER ASSURANCES; ATT�RNEY-lN-FACT. The foffowing pr��isivns relating �a further assurances and
<br /> attvrney-in-fact are a part af�his Deed af Trust:
<br /> Furth�r AssuranGes. At any time, and f�om t'rme fo time, upon r�quest��Lender, Trus�tar w�ll make, execu�e and
<br /> del i�er, or wi�I cause t❑he rrrade,execu�ed or deli�ered,�o Lender ar to Lend�r's designee,and when requested by
<br /> Lender, �ause fo k.�e filed, recarded, refr�ed, vr rerec�rdeG1, as the case ma�be, at su��imes and in suc�off�es
<br /> and p�aces as Lender may deem appr�pria�e, any and all such mortgages, deeds of trus�, seGuri�y deeds, security
<br /> agreerr�n#s, financin� statements, continuation statemen�s, ins�ruments of further assurance, ce�tifcat�s, and
<br /> other documents as may, in the sole opinion o�Lend�r, be neoessary ar desirabie in order�❑effectuate, c�ample#e,
<br /> perFect, r�ntinue, or preserve �1� Trustor's obligations under the fVate, this L�eed vf Tn.�st, and th� Related
<br /> Documen�s, and ��� the liens and s�curity int�res�s c�-ea�ed by this Deed of Trust as f rst and pria�liens an fhe
<br /> Praperty, whether now owned or hereafter aoquired by Trus�or. Unl�ss prvhibited by law or Ler�der agrees#o�he
<br /> �ontrary in writing, Trustar shall reimburse Lender far aIl cos�s and expenses �ncurred in cannection wi�th �h�
<br /> matters re�err�d to in�his paragraph.
<br /> A#�orney�in-Fact. If Trustor fails fn do any of the things referred to in the preceding paragraph, L�nder may do s�
<br /> for and in the name vf Trustvr and at Trus�or's expense. Fvr such purposes, Trus�nr hereby�rre�ocab#y appaints
<br /> Lender as Trustvr's attvrney-in-fac�for the purpose v�making, execu�ing, deii�ering,filing, recarding, and doing a�l
<br /> other�hings as may be necessary or desirable, in Lender's sale c�pinian, to accomplish the matters referred to in
<br /> the preceding paragraph.
<br /> FL1LL PERF�RI�ANCE. �f Trustor pays all fhe lndetatedness, including w�thaut limita�ion all�utur�ad�ances, when due,
<br /> and o�hervvise performs afl the obligations impased upon Trustar under this Deed af Trust, Lend�r shall execute and
<br /> deli�er to Trustee a requesfi f�r full re�an�eyance and shall execute and deliver to Trustor suifable statements o�
<br /> terminativn v� any f€nancing s�atement on fr�e e��denGing Lender's security int�rest in the Ren�s and the P�rs�nal
<br /> Prvpet-�y. Any recon��yance fee�equi�ed by law sha(� be paid by Trus�or, if permitted by applicab�e law.
<br /> E1IENTS �F DEFAULT. Each of�he foilowing, at Lend�r's option, shall cansti�ute an E�ent vf ❑efault under this Deed
<br /> of Trust:
<br /> Payment Defaul�. Trus�or fails�o make any payment when due under th� Ind�btedness.
<br /> �ther Defaults. Trustor fails tv cvmply with or to perFarm any ather �erm, ob�i�a�ion, co�enant or �ondition
<br /> cc�ntained in this Deed ❑f TruS� or in any of the R�lated Dacuments or ta �omply with vr ta perf�rm any �erm,
<br /> obligation, co�enant vr condi�ian cvntained in any other agreemen#between Lend�r and T�-ustvr.
<br /> Compliance Default, Failure tv compfy wi�h any nther term, ob�igation, �o�enant or condition con#ained in this
<br /> Deed vf Trus�,the Note or in any vf the Rela�ed�ocuments.
<br /> ❑efault on�ther Payments. Failur�v�Trustvr vuith�n the time required by this D�ed o�Trust to make any payment
<br /> for taxes vr insurance, or any othe�payment necessar-�to pre��nt fifing o�ar�o effect discharge of any lien.
<br /> Default �n Fa�or vf Th�rd Parties, Should Gran�or default under any [oan, extensian of credit, securit}�ag�-eemen�,
<br /> purchase ar sales agreement, or any vther agreement, in fa�or af any a�her cred��ar or pers�n that may ma�erially
<br /> a�fie�t any o�F Gran�ar's property vr Crantor's ability to repay the Indebtedness or �rantvr's ab�lity to p�rform
<br /> Grantor's ob�igations under this Deed�f Trust Qr any o��he Related Documents.
<br /> Faise Statements. Any warranty, representatian ❑r s�atement made or furnished #a Lender k�y Trustor ar on
<br /> Trustvr's beha[f under this C3eed of Trus�or the Related ❑ocumen�s is false or misleading in any mate�ia� respec�,
<br /> ei�her-now or afi the time made or furnished vr becomes�alse or misleadin�at any time the�-eafter.
<br /> Defective Colfateralization. This D�ed af Trust vr any of the Related Dvcum�n�s ceases to he in �ull farce �nd
<br /> effiec� �including �ailure of any cai�atera� dvcumen�to creafie a valid and perfected security interest or �ien} at any
<br /> time and far any reason.
<br /> Death or�nsvlvency. The death of Tt-ustor,the insolvency❑f Trustor,the appoin�men#af a rec�i�er for any par�of
<br /> Trustvr's praperty, any assignment for �he henefit vf �reditars, any �ype o� cred��or workou�, vr the
<br /> Gom mencemenk of any prvice�ding under any ban kruptcy or insalvency laws by vr against Trus�or.
<br /> Creditor �r For�eifure Prv�eedings. Commencement af forec�asur� vr farte�ture proceedings, whether by�udicial
<br /> prviceeding,self-help, repvssess�on or any vther me�had, by any creditor o�Trus�ar or by any�vvernm�n�al agency
<br /> aga�nst any property securing #he lndebt�dness. This includes a garnishment o� any of Trustor's accoun�s,
<br /> including depasit aG��unts, w�th Lender. Howe�er, this E�ent of Default shall not apply if the�e is a good f�ith
<br /> dispute by Trustor as to the�alidi�y nr�easr�nableness of the claim which is the �asis ❑�the creditor or�orFeiture
<br /> proceed�ng and i� T�ustvr gives Lender written notic� af �he creditvr ar forfeiture p�aceed�ng and deposits with
<br /> L�nder manies❑r a sure#y band for the credi�or❑r fiar�ei�ure proceeding, in an amaunt determined by Lender, in 3ts
<br /> safe discretion,as being an adequate reserve❑r bond�vr�he dispute.
<br /> 6reach of�ther Agreement. Any breach by T�ustor under the�erms of any other agreement between Trustvr and
<br /> Lender#ha� is not remedied wi�hin any grace peri�d pro�ided �herein, �ncluding wi�hout iimitat�on any agreemenfi
<br /> concerning any indebtedness vr ather obligation�f Trustor to Lender,whe�her exis�ing now ar later.
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