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2� 1 ��4234 DEEa �F TRUST Laan N�: ��292�� C�rltirlued� Pag� 3 praperty or to comply with any obligation to rraintain Existing Indebtedness �n good standing as required beSow, then L�nder may do sa. if any actiQn or proceeding is commen�ed that wauld materially affe�t Lender'S tnt�r�StS in the Property, then Lender on Trustor's behalf may, hut i� not r�quired to, take any act+on that Len�fer bel�e�es to be appropriate ta prot�ct Lender's interests. A11 expenses incurred or paid by Lender #or su�h purpvse� wilf then hear interest at the ra�e charged under the Credit Ag�eement from �the date incurred ❑r paid by Lender t❑ the date ❑� repayment by Trustvr. All such �xpenses will became a part of the Indehtedness and, at Lender's optFon, wil� �Ay b� payable an demand; �Bf �e added t❑ ths balance o#the Credit Agreement and �e �pportioned amQng and be payable with any installment payments t❑ become due during either �1} the term a�f any applicable insurance policy; ar �Zy the remainin� term af the Credit Agreement; �r �Cf be treated as a balioa�n paymen�which will be due and payable at the �redit Agreement's maturity. WARRANTY: DEFENSE�F TITLE. The follov►ring pro�isions re�a�ing to awnership af�he Prvperty are a part❑f�his Deed ❑#Trust: Title. Trustor warrants that: tay Trustar hvlds goad and marketable title of record to the Prop�rty in fe� simple, free and clear of all li�ns and encumbran�es a�her than thvse set torth in the Real Praperty d�scriptivn ❑r in the Existing Indebt�dness section belaw vr in any title insurance pvlicy, titl� rep�rt, ar�inal ritle �pinion issued in fa�vr ❑f, and acce�ted by, Lend�r in cvnnectifln vvith this Deed of Trust, and tb� Trustor has the fu�� right, power, and autharity to�x�cute and d�li�er this Deed❑f Trust to Lend�r. Defense af Title. 5u�ject t❑ th� exceptivn in the paragraph abv�e, Trus�Cor warrants and will fore�er defend the title tv the Prvperty against the lawful c�aims of all persvns, E�ISTING INDEBTEC3NES5. The foliowing prc��Esions concerning Existing Indebtedness are a part❑f�his Deed vf Trust: Existin� Lien, Th� lien vf this D�ed ❑f Trust securing the lndebtedness may be secondary and inferior t� an existing li�n, Trustar expressly co�enan�s and agrees to pay, or see t❑ the payment��, the Ea�is�ing Indebtedness and tfl pre�ent any default on such indebtedness, any default under the instruments e�idencing such indebtedness, or any defaulx under any securi�y documents far such indehtedness. EVENTS �]F DEFAULT. Trustnr wili be in defaust under this ❑eed of Trust if any af the fol�owing happ�n: �A� Trustvr commitS fraud or rnakes a material misrepresentativn at any time in cflnn�ction v►rith the Credit Agreement. This �an include, far example, a fals� staternent about Trustar's incvme, a�sets, �iabilities, ar any �ther aspects ❑f Trustor's� finanGfal �vnditivn. �6} Trustor doe� nat meet the repayment t�rms �f the Credit Agreement. �G� Trustor's a�tian or inaCtion ad�ersely affe�Ys the �allatera� ar L�nder's rights in the Galla�teral. This �an include, for example, failure xo maintain required insurance, waste or d�structi�e use v�the dwe�iing, failure to p�y taxes, death❑f aEi ��rsons liabRe on the account, transfer �f title or sa[e vf the dwe[ling, creation ot a senior fien ❑n the dwei�ing without Lsnder's permissian, tare�lt�sure by�he hvld�r❑f another lien, or Che use a�funds vr�he dwetfing for prcrhibited purposes. RIGHTS AND REMEQIES C]N �EFAULT. Upvn the occurrence of any E�ent vf Default under any indebtedness, or should Trustor�ail tn�omply with any �f Trustar's ❑bligations under this Deed vf Trust, Trustee �r Lender may exercise any one flr mare o�the�ollowing rights and rem�dies: Ac�eleration Upon Default; Addi#ivnal Remedies. If any E�ent of Defau�t❑c�urs as per the terms of the Credit Agreement secured hereby, Lender may declare all Indebtedness secured by this D�ed nf Trust t❑ be due and payable and the same shall thereup�n hecorr�e due and payabie without�ny presentment, demand, pratest or nvtice vf any kind. Therea�ter, Lender may: ta� Either in persQn or by agent, with flr without bringing any action or praceeding, or by a r�cei�er appoint�d �y a court and withvut regard�to the adequacy af its security, enter upon and take pvssession of the Property, or any part thereof, in its ❑wn name or in the name ❑f Trustee, and d❑ any acts which it deems necessary or d�sirable tv preser�e the �a�ue, mark�tability or r�ntability Qf the Praperty, or part of the Pr�perty ❑r interest in the Property; increase the in�ame from the Praperty or prvtect the security v# th� Praperty; and, with or withaut taking possess�an af th� Prap�rty, sue for or ath�rwise calle�t the rents, issues and prqfits of th� Property, in�luding those past due and unpaid, and apply the s�me, less costs and �xpenses �f❑perativn and cvll�ctian attorneys' fees, to any indebtedness secured by this �eed a� Trust, all in suGh order as Lender may determine. The entering upvn and taking p�ssessivn �f the Property, the cvlle��ivn vf such rents, issues and profits, and the application thereof shall n�t cure or wai�e any default❑r n�tice of default un�er this C�e�d of Trust or in�alidate any act dane in response tv such default�ar pursuant ta such notic�of de�aul�t; and, notwith�tanding#he�ontsnuance in possession �f the I�raperty ❑r the caliectian, reeeipt and ap�lication af rents, issues ar profirs, Trus�� or Lender shall be entitled to exercise e�ery right pro�ided far in the Credit Agreement ❑r the Related D�curn�nts or by law upan the occurrence af any e�ent of defauit, including��e right t❑eacer�ise the pawer ot sale; �b� Camrnen�e an aGtivn t❑ far�clvse this ❑�ed pfi Trust as a mortgage, appoint a reGei�er or specif�cally �nforce any of the ca�enants hereat; and �c} Deli�er to Trustee a written declaration of default and demand far sale and a written natice❑f default and ele�tion�❑ cause Trustor's interest in the Praperty ta be sold, which n�tice Trust�e sha�l cause to be du�y�iled fQr recard in the appropriate ❑ffiGes of th� �aunty in whi�h the Property is f�ca�ed, and {d7 V11ith respect to all or any part o�the Personal Prvperty, Lender shail ha�e all the rights and remedi�s of a secured party under xhe N��rasl�a Unifvrm Cammercial Code.