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2� 1 ��4325
<br /> vEE� oF TRusT
<br /> ��vnt�nued� Pa�e 4
<br /> Taxes. The foIIowing shaI1 cons�i�ute �axes to which this secti�n appfies: �'I} a specific tax upon this type o�F
<br /> Deed o�Trust o� upon aII a�- any par� of�he lndebtedness s�cured by�this �eed of Trusf; (�� a specific tax on
<br /> Trustor which Trus��r is authoriz�d vr requ�red �� deducf from paym�nts an the Indebtedness secured by�his type
<br /> of Deed a�T�us�; �3) a�ax on this type�-�Deed of Trus�charg�able against the Lender or the holder-�f the Credi�
<br /> Ag�eement; and {4) a specific �tax �n aII or any port�on a�F the Indebtedness ar on payments o� principaI and
<br /> i nteres�mad e by Trusto�-.
<br /> Subsequent Taxes. 1� any �ax ta which this sec�i�n applies is enacted subsequenf t� th� date of this Deed o�
<br /> Trust, �his e�en� shall ha�e the same ef��c� as an E�ent o� �efiauIt, and Lender may exerci�� any �r ai� o� its
<br /> a�aifable �-emedies for an E�ent ❑�F Defaul� as pravided beIow unl�ss Trustar eithe� {'I} pays the tax be�ore i�
<br /> becomes delinquen�, ar {2} cantests the fax as pr-a�ided above in the Taxes and Liens section and deposits with
<br /> Lend�r cash or a sufficien�corparate sur�ty bond o�a�her se�ur�ty satisfacta�y fv Lender.
<br /> SECURITY �4GREEMENT; FINANCING STATEMENTS. The �ollowing prov�sians relating to fhis Deed o� T�'ust as a
<br /> securz�y agreement are a part❑f�his Deed o�F Trust:
<br /> Security Agreement. This instrument shall consti�u�e a S�curity Agreemen� �o the extent any ❑f �he Property
<br /> c�nstitutes fiixtures, and Lender shall have aff o�the rights of a secured party under�he Uniform Cvmm�rcial Cade
<br /> as amended from time to time.
<br /> Security interest. Upon reques� by Lender, Trusfor shall �ake what�ver action is requested by Lender to perfecf
<br /> and continue LenderTs s�curity interes�in fh� Persona� Property. �n addi�ion �❑ �ecording �his D�ed ❑-�Trust in th�
<br /> real property records� Lend�r may, a� any time and wi�hou� further authorization from Trustor, file execut�d
<br /> counferparts, capies or �eprvductions of �his �eed of Trust as a fznan�ing s�atement. Trusfar shaII reimburse
<br /> Lender �or a1� expenses incur-red in perfecting or cantinuing th�s security in�eres�. Upon defaul�, Trustor sha11 na�
<br /> rema�e, s��er or detach the Personaf Praperty from the Property. Upon defaujt, Trustor shali assemble any
<br /> Personal Prvperty no� affixed �o the Property in a manner and af a place reasonabIy con�enient to Trustor and
<br /> Lender and make i� a�ailable ta Lender within thre� {3� days after receipt ❑� written demand from Lender to the
<br /> exten�permi�ted by appIicable law.
<br /> Addresses. The mai�ing addresses of Trustar {deb�or} and Lender {secured party} f�-om which infarmation
<br /> concerning the security interest granted by this De�d a�Trus� may b� ab�ained {each as required by �he Uni�arm
<br /> Comme�-ciaf Code� are as sfated on�h�firsfi page��this Deed vf Trus�.
<br /> FURTHER ASSURANCES� ATTaRNEY�IN-FACT. The faIIowing provisians r�lafing ta �ur�her assurances and
<br /> attorney-in-fact are a pat'�o�this Deed o�F Trust:
<br /> Further Assurances. At any tim�, and from��me ta time, upon reques�vf Lender, Trustor wilf maker �xecute and
<br /> deliverr ar wi1I cause�o be made, executed or deli�ered, to Lender ar ta Lender's designee, and when reques��d by
<br /> Lender, cause �o be filed, record�d, refil�d, or rere�vrded, as �he �ase may b�, a� such times and zn such offi��s
<br /> and places as Lende� may deem appropriate, any and a�� such mortgages, deeds o��t-ust, security deeds, security
<br /> agreemen�s, �inancing statements, continuation statemen�s, ins�ruments o� �urther assurance� �ertificates, and
<br /> other documents as may, in�he soIe opinivn of Lender, be necessary or desirable in order t❑ e�fectuate, �ample�e,
<br /> perf�c�, can�inue, ❑r preser-�e ��) Trusfor's obligatians unde�the Credit�4greement, this �eed of Trus�, and the
<br /> Rela�ed Documents, and {�} �he liens and security inter�sts created by this Deed ��F Trust on �he P�operty,
<br /> whether naw �wned or he�-eafter acqu�r-ed by Trus�or. Unless prohibi�ed by law�r Lend�r agrees�v�he can�rary in
<br /> writing, Trustor shaI1 reimburse Lender for all cc�sts and exp�nses incurr�d in connec�ion wi�h the matters referred
<br /> t❑ in this paragraph.
<br /> Attorney-in-Fa�t. If Trus�kar fails to do any of the things referred to in the preceding parag�aph, Lender may da sv
<br /> for and in th� name of Trus�or and a�Trusfor's expense. For such purposes, Trustor hereby ir�'e�ocably appoinfs
<br /> L�nder as T�'ustor's attarney--in-�act for�he purpos�o�making, executing, deli�ering,filing, recording, and doing aII
<br /> other �hings as may be necessary or desi�a�le, in Lender's s�Ie opini�n, to accomp�ish the mat�ers referred to in
<br /> �he preced�ng paragraph.
<br /> FL]LL PERF�RMANCE. 1f Trustot�pays a�I the Indebfedness when due,fierminates fhe credit Iine accounf� and o�herwise
<br /> performs a���he obfigations imposed upvn Trustar under this Deed of Trus�, Lender shalE execute and de�i�er�a Trustee
<br /> a �-equest �ar fu11 reconveyance and shail execute and deli�er to Trustor suitak�le s�a�ements of �ermznation a� any �
<br /> �inancing statem�nt on file �videncing L�nder4s secur��y interest in �he R�nts and �he Persana! Property, Any
<br /> re�an�eyance fee required by Iaw shall he paid by Trustor, i�'permitt�d by applzcable law. �
<br /> EVENTS �F DEFAULT. Trustor wil� be in d��aul� under this Deed o�F Trus�if any ❑f�he fallowing happen: {A� Trustor
<br /> commits fraud or makes a material misr�presentation at any time in conn�ction with the Credi� Agreemen�. This can
<br /> include, for example, a fa�se statement abau� Trustor's income, asse�s� IiabiIities, ❑r any a�her- aspects of Trus�or's
<br /> �inanciai condition. �B} Trustor does n�t m�et the repayment terms af the �redit Agreemenf. {C} Trustor's actian or
<br /> inaction adWersely affe��s �he coifa-�eral or Lender'� righfs in th� c�Ila�eral. This can in�lude, �ar example, �ailure to
<br /> maintain r�quired insurance� waste ar d�s�ru��i�e use❑�#he dwelling, failur�fa pay taxes, dea�h af all persans 1iab2e on
<br /> �h� accoun�, transfer of title or sale of the dweIIing, creation of a senior Iien on �he dwelling wi�hou� Lender's
<br /> permission,for�closur� by the holder❑�ano�kher lien, or�he use of funds or the dwef ling f�r prohibi��d purp�ses.
<br /> R�GHTS AND REME�IES ❑N DEFAULT. I-F an E�ent o-F Defaul� occurs under�his Deed of Trust, at any time thereafte�r
<br /> Trus�ee or Lender may exercise any on�ar mo�re❑f the�Fo�lowing righ�s and remedies;
<br /> Acce�eration Upan D�fau�t;Additional Remedies. If any E�ent�f D��Faul�occurs as per�the terms o��he �redit
<br /> Agreement secured hereby, Lender may de�Iare all lndebtedness secu�ed by this Deed �f Trus�to be due and
<br /> payable and �he same shall thereupan become due and payable without any presentment, demand, protest or
<br /> notice vf any kind. Thereaft�r, Lender may:
<br /> {a} Ei�he� in persan ❑r by agen�, with o� without bringing any action or pr�o�e�ding. or by a recei�er
<br /> appointed by a court and wi�hout r�gard �o the adequa�y of its security, en�e�upon and�ake possession
<br /> a�the Property, or-any part thereof, in its own name or in�he name of Trustee, and do any acts whi�h i�
<br /> d�ems nec�ssary or desirable to prese�-�e the�aIue� marke�abifi�y ar�en�ability of�he Property, or part ofi
<br /> the Property ar interest in the Property; increase the inc�me f�om �he Property or pro�ec��he security of .
<br /> the Prop�rty; and, with �t' without �aking pa�session of the Praperty, sue for or ❑therwise colIect �he
<br /> rents, issues and pro�i�s of�he Praperty, inciuding those past due and unpaid, and app�y the same, less
<br /> cas�s and expenses ot opera���rn and cajlecti�n a�forneys' feesr to any indebtedness secured k�y�his Deed
<br /> of Trust, aii in such order as Lender may dete�-mine. The entering upan and faking possession o� the
<br /> Propertyr the �allectian o� such ren�s, issues and profits, and the appliGation thereof shall nat cu�e ❑r
<br /> wai�e any defauIt❑r notice of defiaul� under�his Deed of Trus�or in�alidate any ac� done in response to
<br /> such de�ault or pursuant to such n��i�e af defaul�; and, notwifhstanding the cantinuance in possession o�
<br /> the Property or the �oflec#ionr rec�ipt and applica�ion a� ren�s, issues ❑r prof��s, Trustee or Lender sha�!
<br /> be enfi�led fa exercise every r�gh� provided for in �he Credi�Agreement or�he Refated Documents o�~ by
<br /> law upvn�he occurrence o�any e�ent o�defauE�, in�luding the right to exer�ise the pawer of sale;
<br /> �b� Cammence an a�tion to fore�lose�his Deed o�Trust as a m�r�gage, appvint a rece��er or spe�ifically
<br /> enfarc�any o�the cavenants h�reof; and
<br /> �c} Deliver to Truste�a writt�n declaration o�de�aul�and demand for sale and a wri�fen natice o�defauIt
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