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2� 1 ��4451
<br /> DEEa �]F TRUST'
<br /> �Co�t�nued} Page a
<br /> �redi#Agreement; and ��} a spe�ific tax on all or any por�ian o��he Indebtedness o�an payments of principal and
<br /> �nteres�made hy gorrower.
<br /> Subsequent Taxes. I� any tax to vvhich this section app�ies is enacted subsequent �o �he date of this Deed of
<br /> Trust, this even� shall have the sam� effec� as an Event o� D�fauft, and Lender may exercise any or al� of ��s
<br /> availa�le remedies �or an E�ent of Defauft as provided belaw unless Trus�or either {�1} pays �he �ax before i't
<br /> becomes definquen�, or �2} carr�ests�h� #ax as pro�ided above in the Taxes and L�ens sectian and deposits with
<br /> Lender cash or a suffi�ient�o�porat�surety bond or athe�security sa�isfa�tory�o Lender.
<br /> SECLIRITY A�REEMENT; FINAN�ING STATE�111ENTS. The fvllowing provisians relating to this De�d of Trust as a
<br /> secu�ity agreement are a part of this Deed of Trust:
<br /> Secur��y Agreement. This ins�rument shall constitute a Security Agreement �o �he �xtent any af the Praperty
<br /> consti�utes fixtures, and Lender sha�1 ha�e a!f of�he rights of a secured party und�r th� Uni�orm �ommer�ial Code
<br /> as amended from time to��me.
<br /> S�curity In�erest. Upon request by Lender, Trus�or shall �ake whate�er act�on is requested by Lende� to perfec�
<br /> and con�inue Lender's security �n#eres# in #he Persona! Proper�y. ln add�tion to rec�rd�ng this Deed a�T�ust in the
<br /> rea! proper�y r�cords, Lender may, at any time and without fur�her au�horizatian from Trustar, fife executed
<br /> counterpar�s, cop�es or reproductions of this Deed of Trus� as a financing sta�emen�. Trustor shall reimburs�
<br /> Lender#�or all expenses incurred in per�ecting ar cont�nuing this secur�ty interest. Upon default, Trustor shal� no�
<br /> remo�e, sever ar detach the Personal Proper�y from the Properky. Llpon defaul�, Trustor shall assemble any
<br /> Personal Praperty not a�fixed to �he Pr�perty in a manner and at a pla�e reas�nabiy convenient to Trustor and
<br /> Lender and make �t a�a�lable to Lender within �hree (3} days after receipt o�►nrritfen demand from Lender to �h�
<br /> �x�ent permitted by appfica�le law.
<br /> Addresses. The mailing addr�sses of Trustor {deb�or} and Lender �secur�d party} from which information
<br /> concerning the security in�erest granted by �h�s Deed of Trust may he ob�ained �each as required by the Uniform
<br /> Cflmmer�ial C�de}are as stated❑n�he firs�page of this Deed of Trus�.
<br /> FLfRTHER ASSURANCES; ATT�RNEY-IN-FACT. The �allowing provisions rela�ing t� furkher assuran�es and
<br /> atto�ney��n�-fac�ar�a part of th is Deed of Trust:
<br /> Further AssurancQs, A� any time, and from time to time, upan reques� of Lender, Trus�or will make, execute and
<br /> del�ver, or w�ll cause to b�made,executed or defi�ered, to Lender or to Lender`s designee, and when requested by
<br /> Lende�, cause to be filed, recorded, refiled, or rerecorded, as the case may be, a�such times and in such offices
<br /> and pla�es as Lender may deem appropriate, any and afl such mo�tgages, deeds of�rust, s�curity deeds, secur��y
<br /> ag�eements, ��nancing s�atements, continuation s�atements, ins�rumen�s of furth�r assurance, cert�fi�ates, and
<br /> ❑ther documents as may, in the sole opinion o�Lender, be neeessary or desirab�e in order to effectuate, cample�e,
<br /> perfect, continue, ❑r presen�e �'�} Borrower's and Trustar's obl�gations under the Gredi�Agreement, this Deed o�
<br /> Trus�, and the Relat�d Documents, and �2} the �iens and security inter�s�s c�ea�ed by#his Deed af Trust as first
<br /> and prior�iens on�he Pr�perty, whether naw ovun�d �r herea�ker a�quired by Trustor. Unless prvhibi�ed by!aw or
<br /> Lender agrees �o the c�ntrary in writing, Trustor shafl reimburse Lender �or alf casts and expenses incurred in
<br /> connection wi�h the matters�ef�rred�o in th�s paragraph.
<br /> Attorney�in-Fact. ��T�ustor#'ails to do any of the things referred to in the preceding paragraph, Lender may do so
<br /> for and in the name a�Trus�flr and at T�ustor`s expense. For such purposes, Trustor hereby irre�rocabfy app�ints
<br /> Lender as Trustor's at�o�neyµ�n-fa���or the purpose af mak�ng, executing, delivering, �ifing, recording, and doing a�[
<br /> a�her�things as m�y be necessary or desirable, in Lende�'s sole apin�on, �o aceomplish the matters referred to in
<br /> the p�eceding paragraph,
<br /> F�LL PERF�RMANCE. I�Borr�wer and Trustor pay all the {ndebtedn�ss when due, termina�es the credi�line accoun�,
<br /> and Trus�or otherwise pe�forms all the obligations impased upon Trusta�under�his Deed ofi Trus#, Lender shall execu�e
<br /> and de[iver �o Trustee a request for full reconveyance and shall exeeute and def�ver to Trustor suitable statemen�s of
<br /> terminatian ❑fi any fnancing sta�emen� on ffe e�idencing Lender's securi�y interest in �he Rents and the Personal
<br /> Property. Any rec�nveyance fee required by 1aw shafl be paid by T�us�or, if permitted by app�i�able iaw.
<br /> EVENTS nF DEFAULT, Trustor wi�C �e in defaul�under this ❑eed of T�ust if any of the foflow�ng happen: tA) Trustor
<br /> commits �F�aud or makes a material misrepresen�a�ion at any �ime in connection wifh the Credit Agreement, Th�s can
<br /> incEude, for exampie, a false sta�ement abou� Borrower's or Trustor's income, assets, fiab�l���es, �r any o�her aspec�s of
<br /> Borr�wer's�r Trus���'s fnancial condition. �B} B�rrower dves not m�et the repayment�erms af the �redit Agreement.
<br /> �C} Trustor's actian or inac�ion ad�ersely affects the collateral o�Lender's rights in the callatera[. This can incfude, for
<br /> examp�e, failure ta ma�ntain required insurance, waste or destructi�e us�❑f the dwelling, failure to pay taxes, death af
<br /> ali pers�ns I�able on the acc�unt, transfer o� �itle or sale o� the dwe�ling, creati�n o� a senior �ien on the dwelfing
<br />� wi�hau�L�nder's permission, foreclosure by�he holder of anather 1ien, or the use of funds or the dwelling for p�ohibited
<br /> purpases.
<br /> R1GHT5 AND RENlED1E5 �N DEFAULT, l�an E�ent❑f ae#�aul�occurs under this Deed o�Trust, at any time thereaf�er,
<br /> Trus�ee or Lender may exercise any one or mare o�F the��I�awing righ�s and remedies:
<br /> Ac�elera�ion Upon ❑efault; Additional Remedi�s. If any Event o�Defauff accurs as per the #erms a�F�he�redit
<br /> Agr�ement secu�ed hereby, Lender may declare a�� lndeb�edness secu�ed by this Deed o�Trust to be due and
<br /> payabl� and �he same shall thereupan become due and payable wi�hou�any presentment, demand, p�o�est or
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