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� 2� 1 ��5492
<br /> D�ED �F TRIJST
<br /> ��ontinu�d} Page 4
<br /> Taxes. The �vllowing shall consti�ute taxes ta which this sectian applies: ��} a specific tax upon this type of
<br /> ❑eed of Trust or upon al� or any part of t�e Inde�t�dness secured by ihis Deed of Trust; �2� � specific tax on
<br /> Trustor which Trustor is authorized or required ta deduct from payments on the lndebtedness secured by this type
<br /> of D�ed of Trust; �3} a tax an fhis type of Deed of'�rust chargeab�e aga�nst th�Lender or#he halder vf th� Nate;
<br /> and �4} a specific tax on all or any portion of the Indebtedness or on payments af principa� and interest made by
<br /> Trustor.
<br /> 5ubsequent Taxes. if any tax to which this se��ari a�ies is enacted subs�querrt to �he date af this deed of
<br /> Trust, this e�ent sha!! ha�e the same effect as an E�►9ent �f Default, and Lender may exerase any or ali af i�s
<br /> a►railable remedies for an �i�ent vf Defa�ulf �s p��sded be�ow un�ess Trustvr �t�er �7} pa�s the tax befo�e it
<br /> �eovmes del�nqusnt,or �2} contests the tax as pro�ided abo�e in the Taxes and Liens section and deposits with
<br /> LendQr cash ar a sufficient oarporate sur�ty laond or other secu�ty sa�isfactory to Lender.
<br /> SECtJRiTlr ACREEMENT; FiNANCtNG ST�tTEMENTS. The f8��awin� �rav�sians relating to this D��d o� Trust as a
<br /> security agreement are a par#of this �eed o�Trust:
<br /> Security Agreement. This instrument shall cans�itute a Se�urity Agreement to the extent any of the I'roperty
<br /> constitutes fixtures, and Lender shall have al!v�the ri�h#s of a secured party under the Uni�arm Commercia��ode
<br /> as amended from time to time.
<br /> Security lnterest. Upon request by Lender, Trustor shall take whate��r aCtion is rQquested by �.ender to perfect
<br /> and continu��.e�d�r's secU�i#�in#erest�n the Persanal Praperty. In ad�itian to re�ording this Deed af Trust in the
<br /> real praperty recards, Lender may, at any time and withvut �urther authorizati�n from Trustor, file executed
<br /> counterparts, cvpies ar reproductions of th�s Deed of Trust as a financ�ng statement. Trus�ar sha!! reimburse
<br /> Lender for ail expenses incuRed in per#ecting or continuing this security interest. Upon default, Trustor sha11 nat
<br /> remo�e, se�er or de�ach �he Personal Prvperty �ram the Pro���t�. Upon detaul#, Trustor shall assemb�e any
<br /> Personal Property nat affixed to the Pr�perty in a manner and at a place reasonably r,onvenient ta Trustor and
<br /> Lendsr and make it a►►ai�able to Lender with�n fhree �3} days after receipt of wt-it#en demand trom Ler�d�r#v #he
<br /> ��tent permitted by applicable law.
<br /> Addr�sses. The mailing addresses af Trustor �debtor} and Lender �secured party} fram which infarmation
<br /> concerning the security interest granted by this �]eed vf`Frust r�na� be vbtained �each as reQuired by ths Unifvrm
<br /> Cvmmercial Code}a�e as stated on the�irst page of this i]eed o�Trust.
<br /> ��RTHER ASSURANCES; ATT�RNEY-IN-FACT. The fol�owing prvvisions relating to further assurances and
<br /> attorney-in-fa�t ar�a part of this ❑ee�l af Trust:
<br /> FurlMer Assurances. At any time, �r�d from time to time, upon request a#Lende�,Trustor wil� make, execu�te and
<br /> deli�er,or w�ll caus�e to t3e mad�,exea.�ted flr deli�ered,to Lerx�er or ta Lender's desi�,and when requesfed by
<br /> i_ender, t�us��v be fled, r�eavrded, refiled, or rerevvrded, as the case may be, at such times and in such offioes
<br /> and plaoes as t�er�der may deem apPro�ia�t�, any and all su�h mortgac�es, cleeds vf trust, security d�eds, securi#y
<br /> agreemerrts, financing statements> vantinuati�n statemer�#s, instruments of fu�th�r assuran�e, vertificates, and
<br /> �ther docume�rts as may, in the svle opinion v#Lender, be nevessary or desira�le in order ta efFectuate,oorr�plete,
<br /> perfe�t, oorrtinue, or pr�serve ('i} Trustor's ot�liga#�ons under#t�e No�s, #his Dreed of Trus#, a�! the F�a�ed
<br /> Doaamer�ts, and (2} the liens and security interests cre�ted by this Deed o#T�ust on the F'roperty,whether now
<br /> oNmed ar hereafter avquired by Trustor. Unl�ss prohi�ited by �aw ar �ender a�rees t� #�re ovntrar� in wri�ing,
<br /> Trustor shall reimburs�Lender for all oosts 2�nd incurred�n o�nnection wi�h the matters referred to in this
<br /> ��9�P�.
<br /> A�tarney-in-Fact. if Trus�ar fai�s�o dv any of the things re�rred tv in th�preQee�ing parasrap�, Ler�de�'may do sa
<br /> fvr and in#he name of Trustor and at Yrustvr's exp�nse. For such purpas�s,Trustor h�r�by irr��ocably appaints
<br /> Lender as Trustor's atta�ney-in-fact far the purpose of mak�ng,ex�cuting,de�i�ering,fifing, revond�ng,and daing al!
<br /> vther things as may be neoessary or desirable, in Lender"s sale opinivn, tv ac�ovrr�lish the mai#ers referred tn in
<br /> the preceding paragraph.
<br /> FULL PERF�RMANCE. if Trustor pays ali the Indebtedness ►�rhen due, and otherw�se perFnrms a�l the ob���atiar�s
<br /> impased upon Trustor under this Deed af Trust, Lender shall execute and dels�er to Trustee a request far full
<br /> r�oan�eyance and sha��exe�ut�and de�i�er to Trus��r suitable s�emerrts o�terminati�n of any�rnancin�statement o�
<br /> f!e evidenang Lehders securit�l interest in the Rerits and the Per�or�al Property, Any revon�eyance f�e required by!aw
<br /> sha�l be paid by Trustor,�f permitted by appficalale law.
<br /> EVENTS �F DEFAL]LT. ►4t Lender's vption, Trustor wiil be�n de�ault und�r this �ed c��Trust it any v#the follvv�ng
<br /> happer�:
<br /> Payment De�ault. Trustar fails to make any payment when due under the Indebtedness.
<br /> Break �ther Pram�ses. Trus#ar breaks any promise made t� Lender or'�aiis to perFnrm prnmptly at the�ime and
<br /> stric�ly in the rr�anner prov�ded�n this Deed af Trust vr in any agreement related ta this C�eed�#Trust.
<br /> Gomp�iance Defautt. Failure to comp�y w�th any vther term, obiigation, covenant vr conditian contain�d in this
<br /> Deed of Trust,the Note ar in any of th�Rslated Docurnents.
<br /> Defau�t an�ther Paymen#s. Failu+�e of`�rus#or�withir� #h�tims required by this Deed of Trust to make an�payment
<br /> �o�taxes or insurance,or any other payment necessary to pre�ent fi�ing of or to effect discharge of any lien.
<br /> �]efault in Fa�or of Third Parties. 5hould Grantar dsfault under any laan, extension af credi#, securi�y agreement,
<br /> purchase vr sales agresment, or any v#ner agreement�in�avar of an�r ather creditor or persan that may materially
<br /> affiect any af Grantor's p�operty or Grantar's ability ta repay the lndebtedness or �rantar's ability ta perform
<br /> Grantar's ob�igattans und�r this t7ee�vf Trust ar any of the Re#a#ed Dacuments.
<br /> Fa�se Statemen#s. An�representatian or s#atement rnade or�urnished to Lender by Trustor or an Trustor's behalf
<br /> under this Deed of Trust or the Related �acuments is false�r mislead�ng in any material respect, either now or a�
<br /> the time made t�r turnished.
<br /> Defec#i�e Gallateralization. This Deed af Trust or any of the Related Docurnents oeases to be in full force and
<br /> effect {including fai�ure af any collateral document ta create a�aiid and per�ec�ed security interest vr lien3 at any
<br /> time and far any reason.
<br /> Death or Insal�en�y. The death af Trustor,the insoivency of Trustor,the appointment of a recei�er for any part vf
<br /> Trustor's property, any assignment for the benefit af creditars, any type vf creditvr workaut, or th�
<br /> commencement of any pr4ceeding under any bankruptcy or insolvency laws by or against Trustor.
<br /> Taking +�f the Property. Any creditar vr go�ernmental agency tries ta take any of the Property vr any vther of
<br /> Trus�or's pr�perty �n which Lender has a lien. This inc�udes taktr�g o�F, gar�n�shir�g of or feuying on Trust�r's
<br /> accounts with Lender. Hvwe�er, if Trustor disputes in gocad faith whether the claim an which the taking a#the
<br /> P�'operty is based is �a�id vr reasonable, and if Trustor gi�res Lend�r written not��e af the cla�m ar�d furnishes
<br /> Lender with mnnies or a surety b�nd sa#isfactory ta Lender ta satisfy the�laim,then this defaul#pro�isian will not
<br /> apply.
<br /> Brea�h of�thgr►4greement. Any b�-e��h by Trustor under the t�rrr�s�f any other agreement betwe�n Trustor and
<br /> Lender that is n�t r�medied within any grace periad prv��d�d therein, including without limitativn any agre�ment
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