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2� 1 ��5542
<br /> DEED �F TRUST
<br /> �Continued� Pa�e �
<br /> 5ecurity Interest. Up�n request hy Lender, Trustor shal� take whate�er activn is requested k�y Lender to perfect
<br /> and continue Lender's sscurity interest in the Rents and Personal Property. In add�tion to recvrding this D�ed of
<br /> Trust in the real praperty records, Lender may, at any time and without further authorization from Trustar. file
<br /> executed counterparts, copies ar reprvductions of this Deed of Trust as a financing statement. Trustar shall
<br /> reimburs� Lender fvr all expenses incurred in perfecting or continuing th�s security interest. t]pan default, Trustvr
<br /> shall not remo�e, se�er or de�ach the Persanal Property frvm the Property. llpvn default, Trustar shall assemble
<br /> any PersonaE Praperty nat affixed to the Property in a manner and at a ��a�e reasanahly con�enient to Trustor and
<br /> L�nder and make it a�aila�l� to Lender within three {3j days after receipt of written demand from Lender t❑ the
<br /> extent permitted by applicable law.
<br /> Addresses. The mailing address�s of Trustor �debtor� and Lender �seGured par�yf frorn which in�ormativn
<br /> Gancerning the se�urity interest granted by this Deed of Trus# may be obtained �each as required by the lJnifarm
<br /> Commercial Cvd�� ar�as stat�d vn th��irst page of this [7eed❑f Trust.
<br /> FURTHER A55URANCES; ATTQRNEY-IN-FAGT. The fiollowing pro�isions relating ta further assuran�es and
<br /> attorney-in-fact are a part of this Deed❑f Trust:
<br /> Further Assuran�es. At any#ime, and frarn time to tirne, upan request nf Lender, Trustvr will make, execute and
<br /> deli�er,�r will cause to be made, executed ar deli�ered, to L�nder❑r to Lende�'s des�gnee,and when requ�sted by
<br /> L�nder, cause to be filed, recvrded, refilsd, vr rerecord�d, as the case may be, at such times and En such offices
<br /> and places as Lender may deem appropr�ate, any and a�� such mortgages, deeds of trust, se�urity deeds, security
<br /> agreements, financing statements. �ontinuation statements, instruments of further assurance, cer�ificates� and
<br /> ❑ther�ocuments as may, in�he svle opinivn of Lender, be necessary or desirahle in order#a effectuate� cvmplete,
<br /> perfect, cantinue, or preser�� ��y B�rrower's and Trustvr's ❑bligatians under the Nate, this Deed o�Trust, and
<br /> the Re�ated Dacuments, and t2) the liens and s�curity interests �reated by this []eed of Trus# on ths Property,
<br /> whsther now owned or hereafter acquired by Trustor. L1nl�ss prvhi�ited by law or Lender agrees ta the contrary in
<br /> writing, Trust�r shall reimburse Lend�r�or all �osts and expens�s incurred in conn�ction with#he metters referred
<br /> to in this paragraph.
<br /> Attvrney-in-Fa�t. If Trustar fails ta do any of the things referred to in the preceding paragraph, Lender may da sv
<br /> fvr and in the name af Trustor and at T'rustvr`s expense. For such pucpases, Trustar hereby irre�vca�ly appvints
<br /> Lender as Trust�r's attorn�y-in-fact�or the purpose of making, executing,deli�ering, filing, recording, and doing al�
<br /> ❑ther things as may be necessary or desirable. in Lender's sole vpinion, to accomplish the matters refetred to in
<br /> the preceding paragraph.
<br /> FULL PERFURMANCE. If Borrowe� and Trustor pay all the Indebtedness, including withvut limitation all future
<br /> ad�ances, when due�and Trustar otherwise performs a!1 the obligations smposed upvn Trustor under this Deed vf Trust,
<br /> Lender shall execute and deli�er to Trustee a request fvr full recvn�eyance and shall execut� and deliver to Trustor
<br /> suitable stat�ments of termination af any tinanc+ng statement 4n �ile e�iden�ing Lender's seeurity interest in the Rents
<br /> and th� Personal Property. Any recvn�eyance fee required by law shall be paid kay Trustor, if permitted by applicable
<br /> law.
<br /> EVENTS �F DEFAULT. Each of the fv�low+ng, a# Lender's option, shall �onstitute an E�ent of ❑efault under this Daed
<br /> of Trust:
<br /> Payment C]efault. Borrower fails to make any payment when due under the Indehtedness.
<br /> �ther �efaults. Bvrrawer or Trustor faiis tv comply wit#� ❑r tv perfarm any other term, ohligation. cv�en�nt �r
<br /> �ondition contained �n this Deed of Trust or in any of the Related D�cuments or to cvmply wi#h ar#v per�arrn any
<br /> t�rm, oh�igation, ca�enant or cvndition contained in any ather agreement between Lender and Bvrrvwer or Trustvr.
<br /> Complian�e Defeult. Failure to comply with an� �ther terrn, vbligation, co�enant �r eandition cantained in this
<br /> Deed of Trust.the IVote or in any of the Related D�Guments.
<br /> Default on Dther Payments. Failure afi Trustor within the time required by this Deed of Trust t❑ make any payment
<br /> for taxes or insurance,or any vther payment necessary to pre�ent filing of❑r tv ef€s�t dis�harge of any lien.
<br /> Default in F��or o# Third Parties. 5hould Barr�wer ❑r any Granto� default under any 1oan, extension of credit,
<br /> security agre�ment, purchas�or sales agreement, ar any ather agreement, in favor vf any other creditor or person
<br /> that may ma#erially affect any ❑f Barrawer's or any Gran#vr's property or Borrower's �bility to rep�y the
<br /> Indebtedness or Borrower's❑r Grantor's ability to perfarrn th�ir respecti�e dbligations under this aeed of Trust or
<br /> any vf the Related DoGuments.
<br /> False Statemen�s. Any warranty, representativn or statement made❑�furnished to Lender by B�rrower or Trustor
<br /> or vn Bvrrower's or Trustvr's behalf under this ❑eed af Trust or #he Related Dvcuments is false or misleading in
<br /> any material respect, either naw or at the time made or furnished or becomes false or misleadir�g at any time
<br /> thereafter.
<br /> Defective �allateralizativn. This Deed ❑f Trust ar any vf the �e�ated Qocurnents �eases to be in full for�e and
<br /> effect �including failure af any collateral dvcum�nt to �reate a �a#id and perfected security interest or �ieny at any
<br /> tim�and#or any reasan.
<br /> Death or Insalr►gncy. The dissolution vf Trustor's �regardless vf whether election tv cvntinue is madej� any
<br /> rnember withdraws�rvm the lirn+ted liability cvrnpany,or any�ther termina�ivn of Bvrrow�r's or Trustor's existence
<br /> as a gving business or the death ❑f any member, the ins�luency of B�rrower or Trustof, the �ppvin�ment of a
<br /> reGei�er for any part vf Barrvwer`s or Tcustor's property, any assignment #or the benefit vf creditors, eny type af
<br /> creditor workvut, or the commencement o#any pro�eedFng under any bankrupt�y ar insol�ency laws by or ag�inst
<br /> B�rrower nr Trustor.
<br /> Creditar or Forfeiture Proceedings. Commen�ement at �foreclvsure or t�rteiture proceedings, whe�her hy judicial
<br /> praceeding, seif-help, repassess�an or any other methvd� hy any creditar of 6orrower vr Trustor or by any
<br /> go�ernmentai agen�y against any property secur�ng th� Indehtedness. This includes a garnishment of any of
<br /> Borrvwer's ❑r Trustor's a�caunts, including depvsit accounts, with Lender. Howe�er, this E��nt of Default shell
<br /> not apply if there �s a good faith dispute by Borrower o�Trustor as tv the �alidity vr reasanableness of the cleim
<br /> which is the basis of t�e creditvr ar forfeiture proceeding and if Barrvwer or Trustor gi►►es Lender written notice of
<br /> the creditor ar farf�iture prpceeding and depasits with Lender monies or a surety bond for the creditor or fvr�eiture
<br /> prviceeding, in an amvunt determined by Lender, in its sole discreti�n, as being an adequate reser�e�r bvnd for the
<br /> dispu�e.
<br /> Brgach vf Dther Agreemsnt. Any breach by Bvrrower❑r Trustar under#he terms❑f any other agreement be#we�n
<br /> Barrower or Trustor and Lender that is not remedied within any grace period pro�ided therein, including without
<br /> limitation any agr�ement concerning any indebtedness or vther obligati�n of Barrower �r Trustoc tv Lender,
<br /> whether existing now or later.
<br /> E�ents Affecfing Guarantor. Any of ihe preceding events occurs with respeCt to any guarantv�, endvrser, surety�
<br /> or ac�ommodation party of any of the Indebtedness ar any guarantor, endorser, surety, ar accommodation party
<br /> dies or be�arnes incvmpetent, ar re�okes ar disputes the �alidity of, or liability under, any �uaranty vf the
<br /> I nd�btedness.
<br /> Adrrerse Change. A material ad�erse change accurs in Borrower's or Trustor's financial condition, ar Lender
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