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2� 1 ��41 �9
<br /> DEED �F TRUST
<br /> ��antirlu�C�� Page 4
<br /> in�urred in recording, perfec�ing or continuing �his ❑sed ❑� T�ust, in��uding withaut limita�ian all taxes, #ees,
<br /> documenfiary stamps, and other charges�rvr re�ording ar registering�his D�ed of Trus�.
<br /> Taxes. The fvllowing shall constitute taxes ta which this section app�ies: {1} a specific tax upon �his type o�
<br /> Deed of Trust ❑r upon a!f o� any pa�t ofi the lndebtedness secured by this Deed of Trust; ��� a sp�cific �ax �n
<br /> Trustor which Trustor is authori�ed or required tv deduct frvm payments on th� Indebtedness secured hy this �yp�
<br /> ❑f Deed o�Trust; �3� a tax on this type of Deed a�Trust chargeable aga�nst�he Lend�r or the holder of the Credit
<br /> Agreement; and �4� a speci#ic tax on all or any partivn o�r �he lndebtedness or on payments of principai and
<br /> interest made by Trustor.
<br /> Suhsequen� Taxes. I� any �ax to which this section applies is enacted subsequen� to the date of �his Deed o�r
<br /> Trust, th�s e�ent sha11 ha�e the same effect as an E�ent af �efault, and Lender may ex�rcise any or all of i�s
<br /> a�ailable r�medies for an E�ent of Default as pra�ided belaw unfess Trustor either �1} pays �he tax before it
<br /> becomes delinquent, or ��� contests the tax as pro�ided abo�e in the Taxes and Liens sec�ion and depos�ts with
<br /> Lender�ash�r a suf�ricient corparate sure�y hond or o�her securi�y sa�isfa�tory to Lender.
<br /> SECURlTY AGREEMENT; FINANCING STATEMENTS. The '�offowing pra�isions relating to �his Deed of Trust as a
<br /> s�cur�ty agreement are a pa�t�f this Deed of Trust:
<br /> 5e�urity Agreement. This ins�rument shal[ �onstitute a 5ecu��ty Agreement to the extent any of �he Property
<br /> CO�1S�1tLl��S fIX�l9fE5r and Lender sha�( ha�e a�l o�the rights of a secured par�y under�he Uniform Commercial �ode
<br /> as amended from time to time.
<br /> Secur�ty lnteres�. Upon request by Lender, Trustor shal! take whate�er action is requested by Lender to perfect
<br /> and con�inue Lender's security interest in �he Personal Property. In addi�ion to recording this De�d of Trust in tF�e
<br /> real property r�cords, Lender may, at any �ime and wi�hout further authorization fram Trus�o�, file execu�ed
<br /> counterpa�ts, copies or reprvducti�ns �f this Deed a� Trust as a �inancing statement. Trus�ar shall reimburse
<br /> Lender fvr all expenses in�urr�d in per�ecting ar c�ntinuing this security in�eres�. lJpon default, Trustor shall not
<br /> remo�e, se�er or detach the P�rsanal Proper�y �ram the Proper�y. Upon defiault, Trustar shafl assembie ar3y
<br /> Persona� Prvp�rty no� affixed to �he Property in a manner and at a p[ace reasonahiy �fln�enient to Trus�or ar�d
<br /> Lend�r and make �t a�ai[abl� to �ende� w�thin �hree �33 days a�ter receipt ofi wri��en demand �rom Lender to �he
<br /> exten� permitted by applicabie law.
<br /> Addresses. The mailing addresses of Trust�r 4debtor� and Lender 4secu�ed party� �rom which information
<br /> concerning the security interest granted by �h�s Deed v#Trust may be obtained �each as required by the Uniform
<br /> �ommer�ial C�d�� a�� as stated❑n the fiirst page ofi this Deed of Trust.
<br /> FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following pro�isi�ns re�at�ng to �urfiher assuran�es and
<br /> attorn�y-�n-fiact are a part of this D�ed a�Trust:
<br /> Fur�her Assuran�es. A� any tim�, and �rom time t❑ tirr�e, upon request of Lender, Trustar wi�� make, execute and
<br /> deli�e�, or will cause�o be made, executed�r deli�er�d, to Lender or ta Lender's designee, and when reques�ed by
<br /> Lender, cause to be fiiled, re�arded, re�+ied, or rereGorded, as th� case may be, at such times and in such offices
<br /> and places as Lender may de�m appropria�e, any and al1 su�h mortgages, deeds of trust, security d�eds, security
<br /> agreements, financing s�a�emen�s, continuation statements, instruments of further assuran�e, certif�cates, and
<br /> ❑ther do�umen�s as may, in#he sole �pinion ❑f Lender, �e necessary ar desirable in order to effec�ua�e, complet�,
<br /> per�ect, �antinue, or preser�e �1� Trust��'s ohiigatio�s under the Credit Agreement, this ❑eed of Trust, and '�he
<br /> Re�ated ❑acuments, and {�� the liens and 5e�urity in�eres�s crea��d hy this Deed o�F Trust vn �he Property,
<br /> whe�her now owned or hereaf�er acquired by Trustor. Unless prohibited by �aw or Lender agrees to the con�rary in
<br /> writing, Trustor shall �eimburse L�nder for all c�s�s and exp�nses incurred in cvnne�tion wi�h the ma��ers referred
<br /> to in this paragraph.
<br /> At�orney-in-Fact. I�Trustor�ails ta do any of the things �eferred to in the prec�d�ng paragraph, Lender may do so
<br /> �or and in the name of Trus�or and at Trust��'s expens�. For such purposes, Trustor hereby irre�o�a�ly appoin�s
<br /> Lender as Trustor's attorney-inT�act for�h� purpase o� making, executing, deli�ering, filing, re�ording, and daing a!I
<br /> other things as may be necessary vr desirable, in Lender's svle opinion, �o accomplish the matters re�erred to in
<br /> the preceding paragraph.
<br /> FULL PERF�RNIANCE. If Trustor pays all the Inde�tedness when due, terminates the �redit line ac�oun�, and atherw�se
<br /> performs all the obliga�ions imposed upan Trustor under this ❑eed of Trust, Lender shall execute and deli�er to Trustee
<br /> a r�ques� �or �full recon�eyance and shall execute and deli�er to Trus�or suitable statements o� term�natian ofi any
<br /> finan�ing statement ❑n file e�idencing Lender's security interest in the Rents and the Personal Proper�y. Any
<br /> recan�eyance�ee required by law sha[L �e paid by Trusto�, �f permitted hy appiicab�e law.
<br /> EVENTS �F DEFAULT. Trustor will be in default under this Dsed of Trus� �f any of the �ollowing happen: �A} Trus:ar
<br /> commi�s �raud or mak�s a material misrepresen�a�ivn at any time in cannection with the Credit Agreement. This �an
<br /> include, for example, a false sta#emen# about Trusto�'s �ncome, assets, iiabi�it�es, or any other aspects of Trus#or's
<br /> �rinan�ia� �ondi�ian. {B} Trust�r does not meet�he repayment�erms vf the Credit Agreement. �C} Trus�or's a�tian or
<br /> ina�tion ad�ersely a€�ects th� col�ateral or Lender's righ�s in the colla�eral. This can include, fi�r examp�e, failure to
<br /> main�ain requ�red insuranc�, was�e or des�ructi�e use af the dwelling, failure to pay taxes, death o�al! persons liable an
<br /> the account, transfer of title or sale af the dwelling, cr�ation o� a sen�or lien vn the dwelling wi�hout Lender's
<br /> permission, fiorecl�sur� by the h�ider v�another 1ien, or the use af funds or the dwelling for prohi�ited purp�ses.
<br /> RIGHTS AND REMED�ES �N DEFAULT. if an E�ent of Defaul�occurs under this aeed o�Trust, at any time thereaf�er,
<br /> Trustee ar Lender may exercise any one or mor��f the following rights and �emed�es:
<br /> Acceleration Up�n De�au[t;Additional Remedies. If any E�en�t of Default o�curs as per the terms of the Credit
<br /> Agreement secured here�y, Lender may declare all �ndeb�edness secured by this Deed of Trust t❑ be due and
<br /> payab�e and the same shall �hereupan became due and payable withaut any p�esentment, demand, pro�es�or
<br /> na�ice of any kind. Thereafter, Lender may:
<br /> �a� Either in persan or by agent, wi�h ❑r wi�hout bringing any ac�ion or proc�eding, or by a recei�er
<br /> app�inted by a court and withou� regard #o the adequa�y af its security, enter upon and take passessi�n
<br /> ofi#he Property, or any part thereof, in its❑wn name ar in�he name o�Trustee, and do any ac�s which it
<br /> deems necessary ar desirabfe�o preser�e�he �alue, marketability or ren�ability❑f the Property, or part o�
<br /> the Property o� interest in the Property; increase the income #rom the Property or protect the se�urity of
<br /> the P�operty; and, wi�h or without taking possessian of the Property, sue for or otherwise callec� the
<br /> ren�s, issues and pro�its of the Property, including thvs� past due and unpaid, and apply the same, I�55
<br /> costs and expenses vf apera�ion and collec�ion a��orneys' fees,#o any indet�tedness s�cured by this Deed
<br /> of Trust, all in such order as Lender may dete�mine. The entering upon and taking �ossession o� the
<br /> Prvperty, �he callection o� such ren�s, issues and profiits, and the application thereof sha[C not cure or
<br /> wai�e any defiault or noti�e vf d�faul� under this De�d of Trust flr in�alidate any act dvne in response to
<br /> su�h default or pursuant to such nfltice of de�ault; and, notwithstanding the continuance in possession o�
<br /> the Property ar the collec�i�n, r�ceip� and appli�a�ion of ren�s, issues or profits, Trustee or Lend�r s�all
<br /> be en�i#led t� ex�rcise e�ery �ight pro�id�d #or in the C�edit Agreement or the Related Documen�s vr by
<br /> law upon the occurrence of any e�ent af default, including�he right�o exercise the power of sale;
<br /> �b� Commence an a�tion�� forec�ose th�s Deed of Trust as a martgage, appvint a recei�er or specifi�ally
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