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<br /> 2� 1 ��79�3
<br /> �EE� �F -rRus-r
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<br /> �Cant�nued} Page 4
<br /> Taxes. The foIIowing shal[ consti�ute taxes to whic� this section appIies: �1} a specific tax upan �his type o�
<br /> Deed vf Trus� or upon all or any part of the Indeb�edness secured hy this ❑eed ❑�Trus�; {�} a specific tax �n
<br /> Trustor which Trustor is autharized or required to deduct�ram payments nn�h� indebtedness secured by,this type
<br /> af Deed o�Trust; �3} a tax on�his type of Deed of Trus�chargeable against the Lender or th� hoIder❑f fhe Credit
<br /> Agreement; and �4-� a speci-Fi� tax on all ❑r any pvrtion ofi the Inde�tedness or ❑n payments ❑� prin�ipal and
<br /> int�rest made by Trustor. �
<br /> Subsequent Taxes. If any tax to which this sect�on appjFes is enacted sub�equent to the date of this Deed of
<br /> Trust, this e�ent shaII ha�e �he same effect as an Event o� De�au[t, and Lende� may ex�r�ise any or all af i�s
<br /> avaiIable remedies far an Event o�F De�ault as pro�ided belaw unIess Trus�vr either �'I y pays the tax before i�
<br /> becames delinquen�, or {2} contests the tax as pro�ided abv�e in fhe Taxes and L�ens sec�ion and deposits wi�h
<br /> Lender cash vr a sufficien�corporate surety bond nr oth�r securi�y satistactory�v Lender-.
<br /> SECUR[TY AGREEMENT; FINANCING STATEMENTS. The faIfowing pror�isions reEating to this �eed ❑� Tr-us� as a
<br /> security agreement are a part a�this Deed o�Trust:
<br /> Security Agreement. This ins�rumenf shall consti�ute a Security Agreement to the exten� any of �he Praperty
<br /> constitutes fixt�res, and Lender shalf have aII ❑f the rights of a secured party under�he Uniform Commercial Code
<br /> as amended from�ime t❑�ime. �
<br /> 5ecurity lnterest. Upon request hy Lender� Trusto� shalf take wha�ever�a�tion is requested by Lende�-to perfec�
<br /> and cantinue Lender's security �n�eres�in the Personai Pt�operty. In additian to r�cording this Deed o#Trus�in the
<br /> reaI properry records, Lender may, at any time and wi�thout further au�horizatian �Frvm Trusto�-, tile executed
<br /> caunterpar�s� copies ❑r repraductians of this Deed of Tru�t as a financing statement. Trus�o�- shaII reimburse
<br /> Lender for al! expenses incurred in perFecting or �on�inuing �his security interest. Upvn default, T�ustor shaII no�
<br /> remove, sever or detach �he P�rsonaI Property �Fram the Property. Upan defaul�, Trusfor shall assembte any
<br /> Persana� Property no� affixed to �he Property in a manner and at a pIace reasonabIy convenien� tv T�us�o� and
<br /> � Lende�r and make it a�ailable to Lender within �hree (3� days after �-eceipt o� writ-�en demand f�vm Lende�-to the
<br /> ex�ent permitted by app�icable �aw.
<br /> Addresses. The maifing addresses ;of Trus�or �deb�or} and Lender {secured party} �F�-om which infarmatian �
<br /> concerning the security in�eres�granted by this aeed at Trus� may be a��ained �each as required by the Unif�rm
<br /> Cammercial Code} are as�tated an the�irs�page o��his D�ed o�Trus�.
<br /> FURTHER ASSURANCES� ATTfl�1VEY-IN-FACT. The following p;ra�isions refating to �Further assu�ances and
<br /> at�vrney-in��Fac�are a part of�his ❑eed o�T�ust;
<br /> • Further Assuran�es. At any�ime, and tram trme fa�ime, upon request of Lender�Trus�ar wiIl make, execute and
<br /> . deliver, or wilI cause t❑ be made, execu�ed ar deIi�ered,t� Lender or t❑ Lende�-'s d�signee, and wh�n requested by
<br /> Lend�r, cause to be ti�ed, recorc�ed, re�iled, ❑r rerecorded, as�he case may be, at such times and in such ofFices
<br /> and pIaces as Lender may deem apprvpriate, any and all such mvrtgages. deeds of trustj security deeds, securi�y
<br /> � ag�-eements, financing statements, continuation statements, instruments ❑f turther assurance, certif��ates, and
<br /> � other documents as may, in the sale apinion o�Lende�-� be necessary or desirable in order ta efFec�ua�e, complete�
<br /> perfect, continue, ar p�-eserve �'f� Trustar`s ❑bliga�ions under the Credit Agreement, this �eed a�Trust, ant�the
<br /> Rerated Documents, and �2) the Iiens and s�curity interests created by this ❑eed o-F Trus� an the Property,
<br /> whether nai�v owned❑r-hereafter acqu'rred by Trusto�-. Unless prohibi�ed by law or Lender agrees to the cvntrary�n
<br /> wri�ing� T�u��ar shal� reimburse Lende�far aII �osts and expenses incurred in cannec�ion wi�h the matters referred
<br /> � to�n�his paragraph.
<br /> Atkvrney-in�Fact. ��Trustor�aiIs�o do any o�the�h�ngs �-eferred to in the preceding paragraph, Lender may do so
<br /> for and in the name of Trustor and at Trustorts expense. For such purposes, Trustor hereby irre�vcab�y appoin�s
<br /> Lend�r as Trus�or's a�torney-in-fact for�he purpose o�making, executing, deli�eringr tilingr t-ecording� and doing all
<br /> o�her�hings as may be neces�ary ❑r desirab[e, in Lender's so�e opinion, to accomplish �he matters refer'red �o in
<br /> -�he preced�n� paragiraph. �
<br /> FULL PERFDRMANCE. !f Trust�r pays a1�the Ind�btedness when due,term�nates the cred�t Iine account, and vtherwise
<br /> per-�orms aii the ob�iga��ons imposed upon Trus�or under�his Deed o�Trust, Lender shaII execute and deIiver t❑T�-ustee
<br /> a �-equest for full reconveyance and shall execute and deli�er to T�ustor s�itabfe statemen�s of terminativn of any
<br /> finah�ing statemen� on file e�idencing Lender's security infierest in the Rents and the PersonaI Property. Ahy
<br /> re�on�eyance fee required by law sha1I be paid by Tt'ust��, if permitted by applicable law.
<br /> EVFNTS �F DEFAULT. Trustor wi�I be in defau�t unde�this Deed o�Trus� if any of the fofiowing happen: {A� Trus�or
<br /> commits fraud ❑r makes a material misrepr-esentation at any time in cvnnection with the Credit Agreement. This can
<br /> include, for exampie, a false statement about Trustvr's incom�, assetsr �iahili�ies, or any o�he� aspects ❑f Trustor's
<br /> financial condition. {B] Trustvr daes not meet the repayment terms of the Credit Agreement. {C] Trus�or's action or
<br /> inaction ad�erse�y affects �h� coIlateraI o� Lender's rights in the co[lateral. This can include, for example, faiEure t�
<br /> maintain required rnsuran�e, waste or des�ruc�ive use a�the dr�v�elIing, failure to pay taxesr death vf aII persons Iiable on
<br /> �he accounf, trans�er of titIe or saIe of the dwelIing, �reation o� a senior lien an the dweIIing without Lender's
<br /> permission� �Foreclosure by the haider❑f�no�her�ien, or the us�af�Funds or fihe dwelling for prohibited purposes.
<br /> R1GHT5 AND REMEDIES �1V DEFAULT. If an E�ent ot De�ault occurs under thi� ❑eed of Trust, at any time thereafter-�
<br /> T�usfe�or Lender may exercis�any❑ne or mvre o�the�Fo��awing rights and remed�es:
<br /> A�c�Ierat�on Upan D�fauIt�Addrtiona� Remedies, If any E�enfi o�De�autt occurs as per�khe terms af�he C�edi�
<br /> Agreemen�secured hereby, Lender may decIare all Indebtedness secured by�his Deed ot Trus��❑ be due and
<br /> payab�e and the same shaII�he�eup�n bec�me due and payable withou�any presentmen�, demandr protes�or
<br /> � notice❑f any kind. Ther�af-terr Lender may:
<br /> {a� Either in person ❑r by agen�� vWith nr wl�hout br'rnging any activn or proceeding� or by a recei�er
<br /> appaznfed by a court and wi�hou�regard �o the adequacy of its security, enter-upon and take pos�essian
<br /> of the P�operty, or any part therea�f, in its ❑wn name or in the name o�Trustee, and d❑ any acts which it
<br /> deems necessary or des��able t❑ preserue th� �aIue, marketability ar�-entabiI��y'of thg Property, or part�f
<br /> the Property ar in�eresC in�he Prop�rty; in�rease fhe incame�rom �he Property or pratect the security ❑f
<br /> the Property; and, with or withvu� taking passessian ❑� th� P�operty, sue for ar otherwise caIIec� �he
<br /> ren�s� issues and prafits of the Prvperty� including those past due and unpaidR and apply�he sam�r I�ss
<br /> �osts and expens�s of oper�atic�n and coIlection atkorneys`fees,�o any indebtedness secu�-ed by�his Deed
<br /> of Trust, all in such order as Lender may de�ermine. The en�ering upon and taking possession o�F�he
<br /> Property, the coIIection of such rents, issues and profits, and the appIication thereof shaIl nat cure ar� .
<br /> wai�e any de�auIt a� notice of defaul� under this ❑eed of Trust o�in�aIidate any act dflne in response ta
<br /> such defaul�or pursuant to such notice of defaultr and, nvtwiths�anding�he continuance in possession ofi
<br /> the Property ��'�he caI�ec�ion, receip� and applicatian a�F rents, issues or prafi�s, T�us�ee ❑r Lender sha��
<br /> be entitied ta exercise e�ery right pro�ided for in�he ��edi�Agreemenf ar the Rela�ed Documents or by
<br /> Iaw upon�he❑ccurrence o�any e�ent o�de�aul�t, inc�uding the right to exercise the power-of sa1e;
<br /> {b} Commence an ac�ion tv�orecIose this Deed of Trust as a mortgage, appoint a receiver or speci�icafiy
<br /> en�orce any of the co�enants hereof; and
<br /> (c} Deliver t❑Trustee a wr�tten de�laratian of defau�t and demand�For sale and a written no�ice a�de�au2t
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