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<br /> DEEC3 �� TRL1�T
<br /> ��ontinu�d} Page 4
<br /> net prviceeds of the �wa�d be appiied#a the Indehtedn�ss �r#he repai�vr res#oratian ❑f the Pr�perky. The net
<br /> prviceeds of the award sha�t mean the award after payment o�a�l reasanable casts, expenses, and attorneys'fees
<br /> incurred by Trustee or Lender�n conn�c#ion with#he evndemna#ivn.
<br /> 11VIPDSIT�4P1 �F TAXES, FEES AND CHARGES BY G�VERNI�IENTAL►4UTH�RiT�ES. The fo��awing prawisians r��ating
<br /> to goWernmental taxes,fees and charges are a part of this Deed of Trust:
<br /> . �urrent Taxes, Fe�es and Charges. Upvn requ�s# by Lend�r, Trustor shall exe�ute such documents in addition#a
<br /> this Deed ot 7rust and#ake whateuer Qther actian is requested by Lender�a perfect and cantinue Lender`s [ien vn
<br /> #he Real Pro�er#}�. Trustvr shall r�imburse Lender far all taxes, as described beivw, together wi�h al� expenses
<br /> incu�rQd �n r�cQrding, p�rfecting vr continuing this Deed of Trust, including withou� limitation aii taxes, fees,
<br /> documentary stamps:and�ther charges for cecarding ar registering this Deed af Trust.
<br /> Taxes. The following s�alt �onstitute taxes to which this section a�plies: �'I} a specific tax upon this type of
<br /> Deed of Trust os-upvn all or�any part o�the lndebtedness secur�d hy #his I]eed of Trust; �2} a speci#ic tax on
<br /> Trustor which Trustvr is aUth�riz�d vr�equired ta deduct from paym�nts on the Indebtedness seCured by this type
<br /> of Deed af TrUst; �3} a tax on this ty�e vf Deed o�Trust char�eable against the Lender o�the hvlder of the Credit
<br /> Agreement; and �4� a s�e�ifi� tax �n al1 �r an� pvr�ivn of the lndebt�dness or on paymen�s �f principai and
<br /> int�rest made b�T�ustor.
<br /> Subsequent Taxes. �� any �ax to which this se�tion applies �s enacted sWbseqa.,ent to the �a�e vf this Deed of
<br /> Trust, this e�enf sha�� ha�e the same e�fect as an �►rent ot Qe�ault, anc� Ler�d�r ma� exer�isQ �ny vr ali of its
<br /> ���ilable remedies for an Event v� Defau�t � �rat�id�d be�ow un�ess Tr�s#vr either �'�} pays the tax before it
<br /> beavmes ds�inquent,or �2) contests th�tax as�rovided aboue in t�e Taxe.,s and Liens sect+an and depvsits with
<br /> Lender cash ar a suffi�ient carporate surety bvnd a�-o'�her security satis�Factvey tv Lender.
<br /> SECURITY ACREEMENT; FlN►�NCING STATEMENTS. The foliowing prvvisions re�ating t� this Desd of Trust as a
<br /> secur�ty agreement are a part of this ❑e�d Qf Trust:
<br /> Securit� Agreemer�t. This in�trument sha11 constitu�e a 5ecurity Agreement t❑ the �xtent any ❑f the Pr�per�y
<br /> consti#ute�fix#ur�s, and Lender shall ha�e all�f the rights of a secured party under the Untfvrm Camm��cia�Cvde
<br /> as amended from time ta time.
<br /> Secur�ty �nterest. Upon request by Lender, rrust�r sha�f #ake wha#ever activn is r�quested by Lender#v pertec#
<br /> and continue Lender's secur-ity�nte�es�in the P�rs�na� Prope�t�. #n addition ta recarding this D�ed of Trust in the
<br /> real praperty recards, Lsnder may, at an� t�rr�e and without further au�harization from Trustor, file executed
<br /> coun�erparts, �apies dr re�roduc#ions of #his Deed vf Trust as � financing statement. Trustor shall reimburse
<br /> Lender€ar a!I exp�ns�s �nc�rret� in pe�fiecting or cvntinu�ny this security interest. Upon de�ault, Trustor sha�l not
<br /> �emave, sever Qr d�tach the Persvnal Property from th� Prvperty. Upon defaul#, Trustor shall assembie �ny
<br /> Persanal Prvper�y not affixed to the Praperty in � manner and at a place reasvnably con�eni�nt to Trustor and
<br /> Lend�r and make it availabie tv Lender wi#hin three �3} days aftsr rece�pt of written demand from Lender ta th�
<br /> extent p�rmitted k�7�applicable�aw.
<br /> Addresses. The mai�ing addresses o€ Trustar (de�#o�� and Lender �se�ured party} from whiGh information
<br /> cancerning the s�curi#y i�terest granted by this Deed Qf Trust may be obtaine� �each as r�equ+red by the Uniform
<br /> �vmmercial Cv�e�are�s stated vn tt�e�irst�age of this Deed vf Trus�.
<br /> F�RTHER ASSURANCES; ATT�RNEY-Ihl-F►4CT. Ths faiiowin� provisior�s relating tv furth�r ass�rrar�ces and
<br /> attorney-in-fact are a part of this ❑eed vf Trust:
<br /> Fur�her AssurancQs. At any time, and frvm time tv time, upvn request vf Ler�d�r,Trus#ar will make, execute and
<br /> deliver,or wi�l cause ta be made,executed or deli�ered,ta Lender or to Lender�s desigr�e,and when reque�ed by
<br /> Lender-, cause to be filed, r�oorded, refiled, or rereovrded, as the case may be, at such times and in such affices
<br /> and piaces as L�nder may de�m appropriate, any and al1 such mort�ages, deeds of trust, seGurity deeds, s�curity
<br /> agreements, financing statements, ovntinua#ivn statemen#s, instruments of furtf�sr assuran�, certificates, and
<br /> other documen#s as may, in the sole vpinion of Lender, be neces�ary vr desir�ble in order to efFectuate,ocxrrplete,
<br /> perfect, oon#inue, vr prsserve t1} Trustor's abligations under i�he Credit�g�eement,th�s D�eeai of�'rust, and the
<br /> R�e�ated Dc�cuments, and t�} the liens and security in#erests created by this D�ed o�Tru�t as first ar�d�r-�or lisns
<br /> an the Prvperky,wheth�r now owned vr herea�ter ac�quEred by Trustar. Unl�ss pr�ibitee!by law vr Lender�ees
<br /> to the avntrary in writing, Tru�tar sha�l reimbus�e Lend�r fvr ali oasts and expenses incurred in�onn�ivn with the
<br /> matters referred to in this par�graph.
<br /> Attvrney-in-�act. If Trustor fa�ls ta dv any of the things ref�rred tv in the preceding paragraph, Lender may da sv
<br /> for and in the name of Trustar and at Trustor's expense. Far such purpvses, Trus�vr h�reby irre�ca�aialy appo�nts
<br /> Lender as Trustar's attorney-in-fact far the purpas��f making,executing,deli�e�ing,fiiing, recnrd�ng,and da�ng al�
<br /> vther things as may be neaessary vr desirable, in Lender's so(e opinion, ta ac:camplish #h� matt�rs re�err�ed ta in
<br /> the preceding paragraph.
<br /> FU�L PERFC�R�NANCE. �f Tr�st�r pays all the Indebtedness when due,terminates the credit line account, and ath�n►►►ise
<br /> perfQrr-ns al�the vbli�ations im�ased upon Trustv�under this�eed vf T�ust, Lender shall execute and deli��r ta Truste�
<br /> a reques# far full reovn�eyance and shall execute and d�li�er to Trustar suitable statements vf t�rminatian v� any
<br /> financing stat�men� vn f le e�idencing Lend��'s securii�y interest in the Rents and the Personal Property. Any
<br /> recon�eyance fee required by law shal!he paid by Trustar,if permitted by appiicable law.
<br /> EVEI�zS�F DEFrotULT. Trustvr�wtll be in detault under tt�is Deed of Trust if an�v#the foiiawing happen: 4A� Trustar
<br /> c�mmits fraud vr makes a mate�ial misre�resentation at any time in connectian with #he Credi#Agreement. This can
<br /> inclu�le, �or example, a tals� statement �bout Trus#vr's income, assets, liabilities, or any nther aspe�ts of Trustor's
<br /> ��na��ial eondition. {8} Tru�tvr does not mes#ths�epa�ment terms vf the Credit A�reement. ��} Trustor's action�r
<br /> inaction aduersel� affects the collateral ar Lender's rights in the �ollateral. This c�n include, far exampie, failure to
<br /> maintain required insurance,waste or des#ructi�e use of the dweliing,faiiu�e to pay taxes,death�f all persons li�ble on
<br /> the account, t�-ansfer af ti#le vr sale af the dwelling, creatian vf a senior lien ❑n the dwelling withaut Lender's
<br /> permission,foreciosure by th�hvlder❑f another lien,or the use of funds vr#he dwelling fvr prohibited purpases.
<br /> R�GHTS AND RENt�D#ES�N DEFAl�LT. ��an EWent of Qe�au��vccurs und�r this De�d nf Trust, at any time thereafter,
<br /> Trustee or Lender may exe�cise any ar�e vr mvre a�the fo1lou��ng rignts and remedies:
<br /> Acceleration Upon Default; Additivnal Remedies. Ef any E�en�vf Default vccu�s as per the terms of the�red�#
<br /> A�reement secured hereby, Lender may declare al� indebtedness secured by th�s C�eed of Trust tc�be d�e and
<br /> payabl�and the same s#�all�hereupon beovme due and paya��e v�r�#haut any�res�ntme��,demand, pratest vr
<br /> natice of any kinci. Thereafter, Lender may:
<br /> {a} Either in person or by agent, with ar without bringing any a�ti�n ar proceeding, ar by a recei�er
<br /> appainted by a court and wi�hvut regard to the adequacy of its security, enter upvn and�ake possessian
<br /> of the Praperty,�r any Qart thereaf, +n its own name or in the name�f Trustee,and do any acts whi�h it
<br /> deems neoessary ar desirahle to preserve the�alue, marketabili�y vr rentabi�ity af the�roperty,or part❑f
<br /> the Properky or ir�terest in the Property; increase�he inaome frvm the prvperty�r pratect the sec�.rrity vf
<br /> the praperty; and, with �r withou� faking pvssessinn af the Prvperty, sue for or oth�rwise �Ilect the
<br /> rents, issues and pr�fits of�he PrQperfy, inciuding those past due and unpaid, and apply the sarne, le�s
<br /> casts and expenses vf vperation and���lectian a�torneys'�ees,to any indebt�dness secured by this Deed
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