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2� 1 ��4199
<br /> �EEv oF T�u��r
<br /> Loan N�: 1�'I���4�� �Continued} Page 5
<br /> Subsequent Taxes. If any tax �� whi�h �his s�ction applies is enacted subsequent �o the date vf this aeed afi
<br /> Trust, this event shall ha�e the same effec� as an E�ent of Defau�t, and Lender may exercise any or alf vf its
<br /> a�ailable remedies for an E�ent of Defaul� as provided below un[ess Trustar ei�her ��} pays �he tax befare it
<br /> becomes delinquent, �r {�} contests �he tax as pr�Wided ahaWe in the Taxes and Li�ns se�tion and deposi�s with
<br /> Lender cash or a su�ficient corpvrate surety bond or other se�urity sa�isfactory to Lender.
<br /> SECURITY A�REEMENT; FINAN�IN� STATEMENTS. The following pra�isions �ela�ing ta this D�ed af Trust as a
<br /> securi�y agreement are a part of this Deed of Trust:
<br /> Se�uri�y Agreement. This instrument shall constitute a 5e�uri�y Agreement ta the �x�en� any of the Praper�y
<br /> constitutes fixtures, and Lender shall haWe all of the �ights of a secured party under the Uniform �ommercia[ �o�e
<br /> as amended firom�ime to tim�.
<br /> S�curity Interest. lJpan request by Lander, Trusfior shall �al�e whatever action is r��uested by Lender �o pertect
<br /> and cantinue Lender's security interest in the Persanal Property. In addition to recording �his Deed o�Trus�t in the
<br /> real property rec�rds, Lender may, at any time and without further author�zatian from Trustor� �file executed
<br /> counterparts, capies or r�productivns of this Deed of Trust as a �inancing stat�men�. Trus�tor shall reimburse
<br /> L�nder fior a�l expenses inGurred in perfi��ting or conti�uing this sacurity interest. Llpon default. Trustor shal! no�
<br /> remv�er sever or detach the Pers�nal Prnperty fram the Prvperty. Upon default, Trustor shafl assemble any
<br /> Personal Pr�p�r�y nofi affixed t� the Property in a manner and at a place reasonab�y con�enient tn Trus�ar and
<br /> L�nder and make it availa�le �o Lend�r within three �3y days a�fter receipt vf written demand from Lender t� fhe
<br /> extent permit�ed by applicable law.
<br /> Addresses. The mailing addresses of Trustar �debtor} and Lend�r tsecured party} frorn which in�ormation
<br /> concerning the security int�r�st granted by this Deed af Trust may be ohtained �each as required by �the �nifiorm
<br /> Commercial Cade} are as sfiated an�he first page vf�his Ueed vf Trusf.
<br /> FURTHER ASSURAIVCES; ATTQRNEY�IN�FACT. The �ol�owing prv�isions relating to further assurances and
<br /> attorney-in-fact are a parfi flfi this Deed of Trust:
<br /> Further Assurances. At any time, and fram �ime t� �tim�, upvn request o�f Lender, Trustor will make, execut� and
<br /> deli��r, or will cause to be made, executed or delivered, to Lender vr tv Lender's designee, and when r�ques�ed by
<br /> Lender, �ause to be filed, recorded, refiled. ❑r rer�c�rded, as the case may be, at such �imes and in such offices
<br /> and pla�es as Len�er may deem apprapriate, any and all such mortgages. deeds af trust, security deeds, security
<br /> agreements. financing statem�n�ts. continuation s�atements, �ns�ruments �f further assurance. �erfiificat�s, and
<br /> o�her docum�nts as may, in the s�le opinion of Lend�r� he necessary or dssirab�� in �rder t� ef�ectua�te, comp[ete�
<br /> p�rf�ct, continue, or preser�e �1 f T�'1.E5��Cr5 ob[igati�ns under the Note, this Deed of Trust, and the Relat�d
<br /> Do�uments, and �2f the [iens and se�uri�y interests cr�ated by this De�d ofi Trust as first and priar liens on the
<br /> Pr�perty, whether now owned or hereafter acquired by Trus�or. Unless prohibited by faw or Lender agrees �o the
<br /> contrary in wrifiing, Trustor shall reimburse Lender f�r a[I costs and expensss incurred in connection with the
<br /> mat�ers referred to in this paragraph.
<br /> Attvrney-in-Fac�. If Trustor fails t� do any of�he things referred to in the preceding paragraph, Lender may do s�
<br /> for an� in �he name v� Trus��r and at Trus�or's exp�nse. For su�h purposes, Trustar her�by irr��vcably appoints
<br /> Lender as Trustar's attorney-in-�act for the purpase af making. �xecu�ing, deli�ering, filing� re�arding, and dving all
<br /> other things as may be necessary �r �esirable. in Lender's sole opinion, to accomplish the matters referred to in
<br /> the preced�ng para�raph.
<br /> FULL PERFaRMA1V�E. {f Trus�tor pays all the Indebtedness. including without iimitation al� future ad�ances, when due�
<br /> and ❑therwise performs all �he obligatians imposed upon Trustar under this D�ed af Trust, Lender shal! execute and
<br /> de�i�er t� Trus�ee a request far fu1� reconveyan�e and shall execute and deli�er to Trustor suitable statemen�s o�
<br /> termination �f any finan��ng stat�ment on fiile e�iden�ing Lender's s�curity in�erest in the Rents and the Personal
<br /> Property. Any reconWeyanc�fee required hy law shall be paid by Trustor, if permitted by applicable law.
<br /> DEFAULT. A�L�nd�r's option,Trust�r will be in defaul�under this D�ed of Trus�ifi any of the fol{owing happen:
<br /> Fraud or Ma�erial 111iisrepr�sentativn, T�ustor commits fraud ar materia� misrepres�n�atian in connect��n with the
<br /> terrns vf the Nate.
<br /> Paymen#Defau[�, Trustor fails ta meet the r�paymen�terms�f the hlv�e for any outstanding balance.
<br /> �ther De�aults. Trus�tor's act or failure ta act ad�ersely affec�s Lender's security interest in the Property, ar any
<br /> righ�t of Lender's in such security.
<br /> Right to Cure. If any defau��, other than a default in paymen�� is curabls and if Trus�tor has not been given a notice
<br /> af a br�ach of the same prvWision vf this �eed of Trust withEn the preceding�twelve �1�y mon�hs, �t may b�cur�d if
<br /> Trustor, af�er L�nder sends written notice t�Trustar demanding cure af such de�fau[t: t 1} curss th�defaul�within
<br /> ten {��} days; or ��y if the cure requires mar�than ten �1�} days, immediat�ly initiates s�eps which Lender de�ms
<br /> in Lender's so�e discre�tivn to b�sufficient to cure the default and thereafter confinues and cvmpl�tes al� �easonable
<br /> and ne�essary steps su��icien�t�o pr�duce compiiance as soon as reasonably practicaf.
<br /> RIGHTS AND RENIEDEES QN DEFAULT. l� an E�en�t of Defau�t nc�urs under this aeed of Trust, a�any tim� thereafterf
<br /> Trustee or L�nder may exercise any one �r more of the following rights and remedies:
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