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2� 1 ��4�88
<br /> ❑EED �F TRUST
<br /> ��o�1t�t�u��� Page 4
<br /> any praceeding or purchase in li�u❑fi condemnation, Lender may a�its election require that all ar any portion ot the
<br /> nef proGeeds �f�he award be appli�d to fhe Indebtedness or the repair or re�toration o� �he Praperty. The ne�
<br /> prviceeds ❑��he award shal! mean the award after payment of ail reasanable costs, expensesr and attorneys' fees
<br /> incurred by Trustee or Lendet-in �onnection with the Gondemnation.
<br /> �MP�SIT�DN �F TAXES, FEES AND CHARGES BY G�VERNMENTAL AUTHDR�TIES. The faE�awing pro�isians relating
<br /> to g�vernmen�al taxes, fees and charges are a part of fhis Deed af Trus�:
<br /> �urr�nt Tax�s� Fees and Charges. Upan request by Lender, Trustor shall exe�ute such documents in addition to
<br /> this �eed �f Trus�and take whate�er❑�her acfion is requested by Lender to perfeG�and continue Lender's Iien on
<br /> the �ea� Praperty. TrustQr shall reimburse Lender for al! �axest as d�scribed ��Iawf �agether with aII expenses
<br /> incurred in reca�ding, perfecting ❑r continuing fhis Deed �� Trust, inc�uding wifhout limitation all taxes, fees,
<br /> documentary stamps, and other charges for re�o�ding ar registering this Deed o�Trus�.
<br /> Tax�s, The foIIowin� sha1� constitu�� taxes to which this sec�ian appIies: {1� a spe�ific tax upon this type af
<br /> Deed of Trust ❑r upon a1� or- any part �fi the Indebfednes� secured by this D�ed ❑fi Trust; {�} a specific �ax an
<br /> Trustar which Trus�or is au�harized o�required to deduct�ram paymen�s an the Indebtedness secured by this type
<br /> a�I7eed a-F Trusf; {3} a �a�on this typ�of Deed of Trust�hargeahle against the Lender ar the ho�de�of the Cr�di�
<br /> Agreemen�; and {4� a speci�ic tax on all �r any portion o� the lndeb�edness or ❑n payments of principal and
<br /> interest made by Trusto�-,
<br /> Subsequent Taxes. !f any tax ta which this section applies is �na�ted subsequen� �v the date o� this Deed o�
<br /> Trus�, -�his e�ent sha1l ha�e the same effe�t as an E�ent af ❑efau2�, and Lend�r may ex�rcise any or alI of its
<br /> a�ailable r�medies fior an Even� of aetaulf as pra�ided beIaw unfess Trustor either �1� pays th� tax before i�
<br /> becomes delinquenf� ar ��) contes�s th�tax as pro�ided a�a�e in the Taxes and Lsens secttan and depasits with
<br /> Lende��ash ar a sufficient carpo�afe surety bond ar othet�security sa�isfactory fa Lender-.
<br /> SEGURITY AGREFMENT; FINANCING STATEMENTS. The falIowing provisions relating ta fhis Deed of T�us� as a
<br /> security agreemen�are a parf o��his Deed ❑f Trust:
<br /> Se�urity Agreement. This inst�ument shaii �anstitute a Security Agreement to �h� exten� any af �he Property
<br /> �on�titu�es fix�u�-es, and Lender shall have all af the r�ghts o�a secured party und�r the Uniform Commerciaf Code
<br /> as amended from�ime ta time,
<br /> �ecuri�y lnterest. Upan request by Lender, T�ustar sha11 take wha�e��r action is requested by Lender to perfecf
<br /> and cantinue Lender's security interes� in the Personal Praperty. !n addition t❑ recarding this Deed o�F Trus� in the
<br /> real p�-operty recordsr Lendet- may, at any time and wifh�ut �urther au�horization fram Trustor� fiile exe�uted
<br /> counterparts, �opies or repraduc�ians of this Deed ❑fi Trust as a financing statemen�. Trusfior shaIl reimburse
<br /> Lender far aII expenses incurr�d in perfecting ❑r continuing this security inferest. Upon defiault, Trusto�-shall not
<br /> remove, sever or detach �he Persana� Pr�pe�-�ty �r�m �he Properry. Upon defautt, Trus�or shall assemble any
<br /> Personal Property not a�fixed t� fhe Prope�-�y in a manner and a� a p�ace reasonabIy con�enient to Trus�or and
<br /> Lender and make i� a�ailable to Lender within �hree {3} days after receip� ofi written demand �rram Lender t❑ �he
<br /> ex�ent permitted Iay appli�able Iaw,
<br /> Addresses. The maiIing addresses �f Trustor- {debtor} and Lender {se�ured party� from which infor�mation
<br /> conGerning the securi�ty interes� granted by this ❑eed ❑f Trust may be ab�ained {eaGh as required by the Unifarm
<br /> �ommercial Code} a�e as stated on the first page of this Deed vf Trust.
<br /> FURTHER ASSURANCES; ATT�RNEY-lN--FACT. The fvlfowing provisians rela�ing �❑ further assurances and
<br /> attorney�in�f�ct are a part of this IJeed o�F Trust:
<br /> Further Assurances. A�any fime, and �rom time t❑ fime, upon request of Lenderr Trus�or-will make, execute and
<br /> de��ver, ❑r will cause t❑ be made, executed o�-deli�er�d,�o Lender or t� Lender's d�signee, and when requested by
<br /> Lender, caus� to be fifed, recarded, refiledT ar �erecard�d, as the case may be, at suGh times an�{ in such Offices
<br /> and places as Lender may deem appropria�e, any and all su�h mvr�gagesr deeds o�firust, security deeds, security
<br /> agr�eementsr finan�ing statements, continuation statements. instruments a� fur�her assurance, certificates, and
<br /> other documents as may, in the so)e opin��n o� Lender, be necessary ❑r-desirable in order to effectuate, complete,
<br /> perfect� can�inue, or preserve {�} Trustor's obligatians under the Credit Agreemen�, thi� ❑eed ❑fi Trustr and the
<br /> ReIated ���uments, and �2} fhe liens and security interests c�-eated lay this ❑eed ❑f Tru�t on the Praperty,
<br /> whether naw owned ar hereafter acquired by Trustor. Unless prohibited by�aw ar Lende�agrees t❑�he contrary in
<br /> writing, Tr�us�or sha�� reimburse Lender for all costs and expenses in�urred in cvnnec�ion wi�h the matters refe��ed
<br /> to in fhis pa�agraph.
<br /> Attvrney-in-Fact. If Trus�or faiIs to do any o�F the things reterred �o En the preceding paragraph, Lender may do sa
<br /> �Far and in fhe nam� ❑f Trustor and at Trustor's expense. For such purposes, Trustor he�eby irrevocably appainfs
<br /> Lender as Trusfor's attorney--in�fac�for�he put�pose af making, execufing, d�;Ii�ering,filing, re�ording, and doing aE!
<br /> ather things as may be ne�essary or desirable� in L�nderrs saIe apinian, to accampIish the matters referred �❑ in
<br /> the preceding paragraph.
<br /> FULL PERF�RMANCE. 1f Trus�or pays a11 the Indebtedness when duer termina�es the �redi�Cine ac�ount, and vtherwis�
<br /> perfvrms a�{ the obfigations impased upon Trustar under this Deed of Trust, Lender shal! execute and deIi�er ta Trustee
<br /> a �-eque�t fior fujl reconveyance and shall execute and de�iv�r to Trustor sui�able statements o� �ermination o� any
<br /> �inancing statemen� an fi�e e�idencing Lender's security interest in the Ren�s and the Personal Property. Any
<br /> re�onveyance fee required by law shall be paid by Trustor, if permitted by a�plicaiale�aw.
<br /> EVFNTS �F DEFAL]LT. Trustor wi�� be in de�au�t under this D�ed o�F Trust if any of the foIlowing happen: {A} Trus�or
<br /> commits fraud ❑r makes a material misrepresentation at any time in �onn�ction with the Credi�A�reement. This can
<br /> incIude, for example� a fa�se statement abou� Trus�kar'� income, assets, Iiabilitiesr ar any o�her aspects o� Trustar's
<br /> finan�ial condition. �B} Trustor does not mee��he repaym�nt terms of�h� Credit Agreemen�. �C� Trustor's actiQn o�-
<br /> inaction ad�ersely affects the coIlateraI a� L�nder's r�ght� in the collateral. This can include, for example, �aiiure �❑
<br /> maintain required insuran�e, viraste nr des�ru��ive use of the dwelling, failure to pay faxesr death o�F a�i persons Iiable ❑n
<br /> the accaunt, transfer of titIe or saie of the dweiiing, creation of a senior lien on the dweiiing withou� Lender's
<br /> permission, �ore�Nasure by the holder-❑f another Iien, ar the use af�unds or�he dwel�ing for pr-ohibifed purposes.
<br /> RIGHTS AND REMEDIES DN ❑EFAULT. 1f an E�en� of ❑efault occurs under this Deed of Trus�r a�any time thereafte�r
<br /> T�ustee or Lender may exercise any❑ne ar mor�e of�he faIlowing rights and remedies:
<br /> Accelera�ian Llpon DefauIt;Add'rtional Remedies. If any E�ent of ❑��auft a��urs as per the terms af�he Credit
<br /> Agreement secu�ed hereby, Lendes may decjare a�� Indeht�dness secured by this Deed af Trust t�o be due and
<br /> payab�e and the same shaII thereupan become due and payable without any pr�sentment, demand, protes�ar
<br /> notice of any kind. Thereaftet�, Lender may:
<br /> {a} Eith�r in pe�-s�n ar by agenfi, wi�h or withou� E�ringing any actian or proceeding, or by a receiver
<br /> �pp�inted by a court and without regard �❑the ad�quacy �f its securityr ent�r upon and take possession
<br /> ❑f the Prapertyr ❑r any par�therea�, in ifs awr� name or in the name of Trus�kee, and do any a��s which it
<br /> cCeems nec�ssa�y o�desirable�o p�ese�ve the value, marketabil��y ar rentability ot the Prope�y, or part of
<br /> th� P�oper-ty or interest in �he P�aperty; increase#he income fram the Property ar pratect the se�urity of
<br /> �he Praperty; and, wi�h o� without �aking possessi�n a� the Property, sue for or otherwise col�e�� the
<br /> ren�s, issues and profits of�he Pr�perkyr incIuding �hose past due and unpaidr and apply the same, Iess
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