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2� 1 ��5832
<br /> DEED �F TRUST
<br /> ��ont�nued} Page 4
<br /> Appiicativn v�Net Pro�e�ds. f#aif ❑r any part of the Property is cvndemned hy eminent dvmain p�oceedings or by
<br /> any proceeding nr purc�ase in lieu v�condemnat�an. Lender may a�i�s election require fihat ali ar any por�ion o�the
<br /> net p�viceeds of th� a�vard be applied tv the Indebtedness a�- the repair ar restoration a� �he Prap�rty. The ne�
<br /> proceeds Q�the award shall m�an the avuard af�er paym�nt of a!E reasonable c�sts, expenses, and attorneys' f��s
<br /> incurred by Trustee or�.ender in connecti�n wi�h�he condemnat�on.
<br /> [MPqSITI�N OF TAXES, FEES AND GHARGES BY G�VERNMENTAL AUTH�RITIES. The �vflowing pro�isions relating
<br /> to go�ernm�n�a[�axes, �Fees and cha�g�s are a part o�this Deed a�Trust:
<br /> Curren#Taxes, Fees and Charges. Upon re�uest by Lender, Trustar shaff execute su�h dacuments in addition to
<br /> �h�s Deed of Trus�and take whate�e�-�ther actian is requested by Lender�❑ p�rfect and cnnt�nue Lender's I'ren on
<br /> the R�a� Praper�y. Trustor shalf reEmburse Lender for afl �axes, as ciescribed below, tvgether with all exp�nses
<br /> incurred in record�ng, per�ecting or cont�nuing this Deed af Trus�, incfudEng without �imitativn all taxes, fees,
<br /> docum�ntary stamps, �nd�th�r charges for recording ar re�istering this Deed vf Trust. .
<br /> Taxes. The �olfawing �hall cvnstitute taxes to which �his section applies: ��� a speci��c tax upan this type o�
<br /> Deed af Trus� ar upon all or any par# o��he fndebtedness secured by �his Deed o� Trust; t�y a specif�c �ax an
<br /> Borrower which Borrovrre� is authori�ed or �equired to dedu�t#rom payments on the f ndebtedness secured by this
<br /> type ❑� Deed of T�-ust; �3� a �ax on this�type o�F Deed vf Trusfi�hargeab�e against the Lender�r the halder ot�he
<br /> Credit Agreemen�; and 44� a speci�ic tax nn all❑r any por�ian af the Inde�tedness or an payments of principal and
<br /> interes�made by Bvrro��ver.
<br /> 5ubsequent Taxes. �� any tax to which this sec�ion app��es �s enacted subsequent to the date �� �his Deed o�
<br /> T�ust, this e�ent shal� ha�e the same e�fect as an E�ent of Defau�t, and Lender may exercise any Qr all of its
<br /> a�aE�a�le remedies �ar an E�ent of Defau�� as pro�ided belaw unless Trustor eithe� ��} pays the �ax be�ore i�
<br /> be��mes definqu�nt, or �2} contes�s the tax as prv�ided above in the Taxes and Liens section and deposits w�th
<br /> Lender cash or a su�fici�n�carpvrate surety bvnd or ather security satis�ac�ory to Lender.
<br /> SE�URITY AGREE�IIfENT: F�IIANCING STATEMENTS. The fof�a�rving prv�isions re�ating ta �his Deed vf Trus� as a
<br /> securi�y agreement are a par�o�this Deed a�Trust:
<br /> Security Agreement. Th�s �nstrumen� shall constitute a Security Agreement t� �he ex�ent any o� the Proper�y
<br /> constitu�es fixtures, and Lender sha�l ha�e afl af the rights o�a secured party under th� Uni�orm Commercial Code
<br /> as amended�ram time ta�ime.
<br /> S�curity lnterest. Upac� request by Lender, Trustar sha!! take wha�e�er action is requested by Lender to per�ect
<br /> and cvntinue Lend�r`s �e�urity int�rest in the Personal Property. 1n addition to recvrding �his Deed of Trust in the
<br /> rea! property recvrds, �ender may, at any time and w�thaut fiur�h�r auth�r�zatian f�rom Trusto�-, file executed
<br /> counterpar�s, copies or reproductivns of �his Deed of Trust as a �inan�ing statement. Trus�or shal� reimburs� �
<br /> Lender far a11 expenses incurred in p�r��ct�ng or cont�nu�ng this security inter�st. Upon default, Trustor shall nat
<br /> , remo�e, se�er vr detaeh the Personal Praperty from the Property. Upvn defau�t, T�us�vr sha!! assemb�e any
<br /> Personal Prvpe��y nvt affixed to the P�-oper�y in a manner and at a p�ace reasonab[y �on�enien� tv Trustor and
<br /> Lender and make it a��iiable t❑ Lender within thres 43� days a�ter ��ceipt o� written demand from Lender �o the
<br /> . extent perm�tted by app�icab�e lav►►.
<br /> Addresses. The mai�i-�g addresses a� Trustor �debtor} and Lender 4secured party� �ram whi�h informa�i�n
<br /> concerning the security interesfi granted by this Deed o�Trust may be vbtained �each as required by the Uni�orm
<br /> Commercial �ode� are a�stated an the firs�page o�this Deed v�Trust.
<br /> FURTHER ASSURANCES; ATT�RNEY-ItV-FACT, The �Qllowing pra�isions re�a#ing t❑ �further assuran�es and
<br /> attarney-in-fact are a par�n�F�his Deed of T�ust:
<br /> Further Assurances. At any time, and �rom t�me to time, upvn request vf Lender, Trustar will make, execu�te and
<br /> defi�er, ar wil�cause to�e made, �xecuted or deli�ered,to Lender vr ta Lendsr's designee, and when requ�sted by
<br /> L�nder, cause tfl be filed, re�arded, re�i�ed. v� rerecord�d, as the case may be. at such �imes and in such v�fices
<br /> � and places as Lender m�y deem appropriate, any and ali such mor�gages, deeds of trust, security deeds, secur�ty
<br /> agreements, financing statements, con�inua�ion sta�ements, �nstruments vf fur�her assurance, cer�i�Ficat�s, and
<br /> �th�r documen�s as maa, in the sofe opinion ❑� Lender, b� necessary vr desirable in order ta e��e�tua�e, c�mple�e,
<br /> pef�ect, continue, vr pr�ser�e t�� Sorrower's and Trustor's ob�igations under the Credit Agreement, this D�ed af
<br /> , Trust. and �he Related �vcuments, and �2� th� liens and security int�rests crea�ed by this ❑eed vf Trus�as €i�st
<br /> and privr liens on the Proper�y. �vhether now owned or hereafter acquired by Trustor. Unless prahibited by �aw or
<br /> Len�er agrees to the cQntrary in wr'rting, T�ustar sha�l re�ml�urse Lender �or a�� costs and expenses incurr�d in
<br /> connectian w�th�the matte�s re�erred t❑in this paragraph.
<br /> Attorney-�n-Fact. �f Trustor�aifs t❑ do any of the things referred ta in �he preceding paragraph, Lender may dfl sa
<br /> for and in the nam� flfi�rustar.�nd a�Trustar's expense. For such purposes, Trustor here�y irrevocah�y appoints
<br /> Lender as Trus�ar's attarney�-in-fact fvr the purpose nf making, executing, deii�ering, �ifing, r�cnrding, and doing alf
<br /> other �hings as may be ne�essary ar desirable, in Lender's sole apinion, t❑ accampiish the matters referred to in
<br /> �he preceding paragraph.
<br /> FULL PERFDR111�ANCE. �� Bvrrawer and Trustor pay all �he Indeb�edness when due, termina�es �he credit line accaunt,
<br /> and Trust�r o�herwise perfor�ns ail the vbl'rgativns imposed upan Trustflr under this De�d o�Trust, L�nder shall execute
<br /> and deli�er to Trustee a �request �or �u1� recon�eyance and sha�� execute and d�li�er �o Trustvr su�ta�le statemen�s of
<br /> termEnation v� any financing sta�ement on €i�e e�iden�ing Lender's security interest in �he �ents and the Persvnal
<br /> Praperty. Any recan�eyanCe�ee required by faw sha�l be paid by Trustvr, if permitted by applicable law.
<br /> EVEtVTS OF DEFAULT. Trustvr w�ll be in defauf� under this �eed o�Trust if any Qf the #vflawing happen: �A} Trustor
<br /> cnmmits fraud or makes a materiaf misrep�esen�a�ian at any tim� in cannecfiian with the Credit Agreement. This can
<br /> in�lude, far exampl�, a false�taternent about Borr�we�'s ❑r Trustar's incame, assets, fiabil�t�es, or any other aspe�ts af
<br /> Borrvr►ver's or Trust�r's�inans;ial canditivn. 4B� B�rrower does nvt me��the repaymen�terms of the Cred�t Agr�emen�.
<br /> �C� Trustor's a�tian ar ina�ti�n adverse�y affec�s the co[�at�ra� or L�nder's rights in the cvffatera�. This can include, for
<br /> examp�e, fiailure to ma�n�ain required insurance, waste or destructi�e use ❑��he dwe�ling, failure �a pay taxes. death of
<br /> a11 persons liable vn the a��vunt, �ransfer o� title or sa�e of the dw�ffing, creation o# a seniar lien vn �he dw�lling
<br /> without Lender's permission, foreclvsure by the h��d�r o�another lien, �r fihe use of�unds or th� dwef�ing f�r prohibited
<br /> purpns�s.
<br /> RIGHTS AND REMEDIES �N i3EFAULT. If an E�ent af �efaul�❑�curs under this a�ed �f Trus�, a# any time ther�af�er,
<br /> Trustee or Lend�r may exercise any❑ne❑r mvre v�the foflowing righ�s and remedies:
<br /> Acceterativn Upan Defaul#;Add�t�onal Remed�es. 1€any E�ent of Defauft occurs as per�he terms o�the Credit
<br /> Agreement s�cured herehy, Lender may dec�are a�l lndebtsdness secured by this Deed o�Trust to be du� and
<br /> payabie and the sar-�e shal!thereupon becvme due and payab�e wi�haut any presen�ment, d�mand, protes��r
<br /> n�tice af any kind. Therea�ter, L�nder may:
<br /> �a� Ei#her �n ��ersvn or �y agent, with ar wi�hout brin�ing any act�on ar proceeding, vr by a recei�er
<br /> appointed �y a cvurt and with�ut regard tv�he adequacy of its secur�ty, en��r upan and take possession
<br /> o�the Praperty, ar any part�hereo�, in its own name ar in the name a�Trustee, and do any acts wh€ch it
<br /> de�ms n�cessary ar desirab�e to preser�e ths�a�ue, marke�abifi�y or rentability o�the Property, or pa�t af
<br /> �he Prvperty or interes� in the Praperty; in�rease the income �rom the Property ar prv�e�t the security of
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