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2� 1 ���� 1 �
<br /> DEED �F TRUST
<br /> ���nt�r�ued} Page 5
<br /> Security In�erest. Upon request by Lender, Trus�or shall �ake whate�er action is requested by Lende� �a pe�--�ect
<br /> and continue Lender's security interest in �he Personal Prope�ty. fn add�tion to recording this Deed of Trus� in �he
<br /> real property records, Lender may, at any time and wi�haut �urther au�har�zation fram Trus�or, fiie executed
<br /> counterparts, capies or reproductions of this Deed of Trust as a financing statement. Trustor shall re�mburse
<br /> Lender for alf expenses incurred in perfecting or conttnuing this security inter�est. Upon defau�t, Trusto�sha�� no#
<br /> �emo�e, se�er or de�ach the Personal Proper�y fram the Proper�y. Upan defaul�, Trustor shafl assemble any
<br /> Personal Pr�operty not affixed to the Proper�y in a manner and at a place reasonably con�enien� to Trustor and
<br /> Lender and make i� available ta Lender within three �3} days after receipt o�writ#en demand fram Lender to the
<br /> ex#ent permitted by appf�cable law.
<br /> Addresses. The mai�i�g address�s af Trus�or (debtor} and Lender �secu�ed par�y) from wh�ch information
<br /> concern�ng �he secu�ity interesf granted by this Deed o�Trus� may be obtained �each as required by the Uniform
<br /> �ammercia[ C�de} are as st�ted on the first page of�his Deed of Trus�.
<br /> FURTHER ASSURANCES; ATTDRNEY-IN-FACT. The �olfow�ng pro�isions relating ta �urther assurances and
<br /> attorney-in-�act are a part of th�s De�d of Trus�:
<br /> Fu�ther Assurances. At any time, and from time to tir�e, upan request of Lender, Trustor w�Il make, ex�cute and
<br /> deli�er, or w�ll cause ta �e made, executed or d�livered, f� Lender or to Lender's designee, and when requested by
<br /> Lender, cause to be f led, recorded, refl�d, or rerec�rded, as#he �ase may be, �t such times and in sueh offices
<br /> and piaces as Lende�may deem approp�iate, any and al� such mor�gages, deeds af trust, security deeds, security
<br /> agreements, finaneing s�atements, continuation sta�ements, instrumen�s ❑f further assurance, certifca�es, and
<br /> other documents as may, in the sa�e opinion of Lender, be necessary or desirable �n order�o e�fe�tuate, compfete,
<br /> perfect, continue, ar preserve �'I} T�ustor's ob�igations unde�the �redit Agreement, this D�ed of Trust, and the
<br /> Rela�ed ❑ocumen�s, and �2} the liens and security interests created by this Deed of Trust as first and pr�or liens
<br /> on the Praperty, whether now own�d or herea�ter acquired by T�ustor. UnIess pr�hibi�ed by 1�€w or Lender a�rees
<br /> to the contra�y in writing, Trustor shalf reimburse Lender�or ali costs and expenses incurred in c�nnection with the
<br /> matters referred tv in this paragraph.
<br /> Attorney�in�Fact. If Trustor fa�ls to do any af the things re�erred to in the preceding paragraph, Lender may do sa
<br /> far and in the name of Trustar and a� Trusto�`s expense. For such purposes, Trustor hereby irre�ocab[y appoints
<br /> Lender as Trusfor's attorney-in--fact for the purpose of making, execu�ing, de�i�ering, filing, recording, and doing all
<br /> other��hings as may be necessary or desirable, in Lender's sole �pini�n, to accampfish the matters �e�erred to in
<br /> the preceding parag�aph.
<br /> Fl1LL PERF�RMAN�E. I�Trus�ar pays afl the Indeb�edness when due, �erminates the credit line account, and o#herw�se
<br /> performs all the obligations imposed up�n Trus�ar under this Deed o�Trus�, Lender shall ex�cu�e and deli�er to Trus�ee
<br /> a request for fu�i recon�eyance and shal� execu�e and deliver t� Trus�ar suita�le statements o� �ermination af any
<br /> finan�ing statemen� on file e�iden�ing Lender's securi�y interest �n the Rents and the Persona! Property. Any
<br /> recon�eyance fee requ�red by law shall be paid by Trustor, if permitfed by app�icabfe Iaw.
<br /> EVENTS �F DEFALILT. Trus�or w�ll be �n default und�r this Deed of Trust ifi any�f the follawing happen: �A} Trus�or
<br /> commi�s fraud or makes a material m�srepresentation a� any �ime in connec�ivn with the Credit Agreement. This can
<br /> include, �or exampfe, a false statement abaut Trustar's income, assets, l�ab�lifies, or any other aspects of Trustor's
<br /> �inancial condit�on, (B} Trustor does not meet the repayment terms of the Credit Agreement. �C) Trustar's action or
<br /> inactian adversefy affec�s the colla�eral or Lender's rights in the c��iateral. This can inc�ude, for example, �ailure to
<br /> maintain required insurance, wasfe or destructive use of the dwell�ng, failure ta pay taxes, death of afl pe�sons l�ab�e on
<br /> the accoun�, ��ansfer of titie or sale of the dwelling, creativn of a senio� �ien on the dwelling withau� Lender's
<br /> permission, foreclosure by the ho�der of another lien, ar the use of funds or the dwelling�or prahibi�ed purposes.
<br /> RI�HTS AND REMEDIES �N DEFA�LT. �f an Event of Default oceurs under this Deed of Trust, at any time thereafter,
<br /> Trustee or Lender may exercise any one o�more of the fofCowing righ#s and remedi�s:
<br /> Acceierat�on Upon Defau�t; Additionai Remedies. �f any Event o�F De�ault occurs as per the terms of the Credit
<br /> Agreemen�secured hereby, Lender may declare a1f In�ebtedness se�ured by�his Deed o�F Trust�o �e due and
<br /> payabie and�he same sha�l thereupon become due and payab�e wi�hout any presenfinent, d�mand, pratest or
<br /> no�ice of any kind. Thereafter, Lender may:
<br /> �a} Eith�r in person or by agen�, with or without bringing any act�on ❑r proceeding, or by a receiver
<br /> appainted by a cour� and withau� regard to the adequacy of��s security, enter upon and take possessiQn
<br /> af th� Property, or any pa�t thereaf, in its own nam� or in the name of T�ustee, and do any acts which it
<br /> d�ems necessary or desirable to preserve the �a�ue, marke�ability or rentabi�ity of�he Prop�rty, or part o€
<br /> the Property or �nteres� in the Prop�rty; increase the incame from �he Property or pratec��he securfty of
<br /> the P�-operty; and, wi�h ar w�thout taking passessi�n of the Property, sue �'vr or othen�v�se collec� the
<br /> rents, issues and profi�s of the Property, including �hose past due and unpaid, and apply the same, less
<br /> costs and expenses of operatian and col��ction attorneys'fees, to any ind�btedness secured by this Deed
<br /> ❑f Trus�, a�l in such order as L�nder may de�ermine. The entering upon and takir�g possessi�n vf the
<br /> Property, the cn�lec�ion af such rents, issues and prafits, and th� applicafion thereof shal� not cure or
<br /> wai�e any defaul� o�not�ce o�'default under th�s Deed of Trust or inval�date any act done in response to
<br /> such default or pursuant to such notic�of d�fault; and, notwiths�anding the continuance in possessian of
<br /> �he Properky or the coflection, rece�pt and applica��on af rents, issues or profts, Trus�ee or Lender sha[1
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