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2� 1 ��79�4
<br /> r
<br /> i3FEl7 �� TFtUST
<br /> �Co�t�nued� Page �
<br /> Taxes. The fallowing sha�l c�nstitute taxes #o which this sec#�on applies: ��� a specific tax upon this type of
<br /> Deed o�Trust or upon al1 or any part a�the �ndebtedness s�cure� b� �his Deed of Trust; ��� a specif4c tax on
<br /> Trustar which Trustor ts authorized vr required�o dedu�t from payments�n the �nd�btedne�s secured b�this type
<br /> of Deed vf Trust; �3} a tax❑n th�s type ofi Deed of"Trust chargeabie a�ainst the �.end�r or the ha�der of ihe Nvte;
<br /> and �4� �r speci�c tax on al� or any part+on of#he lndeb�edness or on paymen#s of principal and interest r��d�h�►
<br /> Trustor.
<br /> 5ubsequent Taxes. If any tax fv which t�is section applies is en�c�ed subsequent to the da�e af this Qee�d of
<br /> Trust, this ��ent shal� ha�e th� same effect as ar� ��nent af Default, and �.end�r may exerase any ar all o� its
<br /> a�ailable remed�es ��r an E�ent of Default as pr��ided below unless Trust4r e�ther (�} p�ays the tax before rt
<br /> becvrnes delinquent,or ��) contests th�tax as pro�id�d abo�e�n#h�Taxes and Lt�ns sect�on and deposits with
<br /> Lend�r cash or a sufficient corparate surety bond c�r vther security satisfactory tv Lender.
<br /> SECURITY AGREEMENT; FINANCiNG STATEMENTS. The f�lSowing �rovis�ons relating to this Deed of Trust as a
<br /> security agreement are a part of this❑eed af Trust:
<br /> Se�ur�ty Agreement. Th;s instrumeni shaii constitute a Se�urity Agreement ta the extent any of �he �raperty
<br /> cans�itutes fixtures, and Lender shal� ha�e al�of the rights vf a secured party under the Uni�vrrn Commercial Code
<br /> as amended from time to time.
<br /> 5ecur�ty InterQs#. Up�n request by Lender, Trustor sha1� take whatever acti�n ts requested by L�nder to perfeet
<br /> and cQntin�e�ender's secur�#y�nterest in the Personal Property. In addition ta record�ng th�s Deed af Trust in th�
<br /> real property recards, Lender may, at any time and w+th�ut �urther autharizativn fr�m Trustvr, fi�e execu�ed
<br /> counterparts, copies o� re�rod�ctions of th�s Deed af Trust as a financing statement. Trustor shall reimburse
<br /> �ender far atl expenses incurred �n perfec��n� a� cont�nuing this security interest. Upon default, Trust�r sha�l not
<br /> remove, se�er ar d�tach th� Persana� Praper�t� tr�m the Property. Upon default, Trustor shall assembie any
<br /> Personal Property not affixed t❑ the PrQpe�ty in a manner and at a place ��asonah�y canvenient ta Trustor and
<br /> Lender and make it a�aitabie ta �.end�r within three �33 days a�ter rece��t a�written demand from Lender ta the
<br /> extent permitted by applEcabfe�aw.
<br /> Addresses. The mai�inr� addresses o� Trus#or €deb#or} and Lender �secured party} from which infarmafion
<br /> concerning the security �nter�st granted b� this aeed of Trusi may be o�tain�d �eaGh as required by the LJniform
<br /> �ammerciat Code}are as stated on the�irs#page ot ih�s Deed a�Trust.
<br /> �URTHER ASSURAN�ES; AT'TORN�Y-IN-FACT. The failvwing provisians reSating to further assurances and
<br /> a#torne�-+n�'fact are a part of this Deed o�Trust:
<br /> Further Assurances. At any tirr�, and from time to tirr�, upan�equ�s#�'�Ler�er, Tr�.rstar v�ilf nrak�, exe�cute�nd
<br /> deli�er,ar wil!causF:to be mad�,executed ar�ieli�ered,to Lencl�r ar#o Lenders�gnee,and when requ�ted by
<br /> Lender, cause to be filed, re�arded, refilsd, vr rereoorded, as�he case rrray he, at such times and in such offir,es
<br /> and p��as Lerxf�may deem ap�ropri�te, �ny and al� such mortgages, deeds of trust, security deed�, se�urity
<br /> agreements, financing statements, cantinu2�ti4n statements, instrumen�s vf further assuranoe, c��tificates, ar�d
<br /> � �ther docurne�nts as may, in#he�e rapinivn of L�nder,be neaess�ry or desirable in order�v e�fectuate, oornpl�t�,
<br /> �erfect, oan#inue, vr �eserve 4'�� Trusto�'s vbligations und�r the Nate, this Deed vf Trus#, and the R�lated
<br /> Documents, and (�] the I��ns and se�urity interesxs�re�ted by this�7eed of Trust as first and prior iiens an th�
<br /> Property,whether now vwned vr hereafter aoqu�red by Trustar. Unless prohibited by law vr Lender agrees ta the
<br /> confrary in wr�ting, Trustor sha�i reimburse Lend�r for al� costs arxi �xpenses incurred in oonnection with the
<br /> matters rsferred to i n th is paragraph.
<br /> A#torney-�R-Fact. 1�Trustor fails ta da�ny of the�hings referred to in the prer.eding paragraph, Lender ma�y do sa
<br /> fvr and in the name o�TrustQr and at Trustor's exp�nse. Far such putposes,Trustor hereby irravacably appotnts
<br /> Lender as TrUstor�s attarney-ir�-tact far the�urpcase af rnaking,executing,deli�erir►g,filing, recarding,and dving al�
<br /> oth�r things as may be neoessar�or desirab#e, in Lender's sv�e apininn, t� aooamplish the matters referred tv in
<br /> the preoeding paragraph.
<br /> F�1LL PERFQRMANCE, lf Trustor pays �II the lndebtedness when due, and otherwise performs atl the ob�igat��ns
<br /> imposed upan Tnastor undsr th�s Deed o� Trust, Lender shall execute and deli�er ta Trust�e a request far �uil
<br /> �eaonWeyan�ve and shall execute and deliver ta Trustor suitable sta�ements of terminatian of any financing statement�n
<br /> fiie evidencing Lenc�e�'s security interest in the Rerrts and#he Per�sonal Property. Any reoon�eyanae fee nequirec�by law
<br /> sha�!he paid by Trust�r,i�permitted�y aRp�icable lav�.
<br /> EVENTS �F ��FAIlLT. At Lenders aptian, Trustor wil� be in default und�r this D�ed of Trust if any af the�Foll�wing
<br /> happen:
<br /> Payment Default, Trustor fails to make any payment when due under the�ndebtedness.
<br /> Break Dther Prom�ses. Trustar breaks any p�om�se made t� Lender ar#ails ta perform prompt4y at the t�me and
<br /> strict�y in the manner provtded�n#his Deed af Trust or�n any agreement related tv this Deed o�Trust.
<br /> �ampl�ance flefault. Failure tv comply with any other term, ob�igafion, cavenant o� condi#�on cantatned in this
<br /> Deed o�Trust,the Nate vr in any of the Related Dvcuments.
<br /> Default an 8ther Payments. Faiiure vf Trustor within th�tirrt� r���tred bY#his Qeed vf Trus#to make an�payrx�ent
<br /> for taxes or insu�ance,or any othe�payment necessary to prevent filin�of�r to e��ect d�scharge o�any 1�en.
<br /> Default i� Fa�Qr af Third #�a�ties. Should �rantvr default under any laan, extensian a# credit, security agreement,
<br /> purchase❑r sales agre�ment, vr an}�other agreemer�t, in favar of an�other creditor or person that may materially
<br /> affect �ny o� Grantar's property or Grantor's abi�it� tv repay the lndebtedness or Grant�r's ability to perfvrm
<br /> �rantor's obligations under t�is Deed of rrust or any ot the Rel�ted Dvcuments,
<br /> Fa�se Statements. An�r�presentativn or sta#ement made or furnished tv Lender by Tr�us�vr or vn Trus�vr's b�half
<br /> und�r th�s �eed of Trust or the Related Documents is fa�se ar misieading in any material respect, either now ar at
<br /> the time made ar t�rn�shgd.
<br /> DefeCti�e Collatera�ization. This Deed ❑f Trust vr any o�the I�eiated Do�uments ceases �v be in tull €vrce and
<br /> �if�ct {inc�uding failure af any collateral document tv create a valid and perFected security interest ar��en]at any
<br /> time and far an�►reason.
<br /> Death�r In�ol�ency. The death of Trustor,the �nsoivenGy af Trustar,the appointment o�a receiver fvr any part of
<br /> Trustor's property, any assignment for th� benef�t af cr�d�#vrs, an� type o� creditvr v�orkaut, or the
<br /> commencement of any proceeding und��-any bankruptcy or insnl�ency laws by or against Trus#or.
<br /> Taking of the Rroperty. Any creditvr a�g�ver-nmental a�enc� tries tQ take any vf the Praperty ar any o#her vf
<br /> Trustvr's property in which Lende� has a� lien. This �ncludes taking of, �a�n�shing of vr le�ing an Trus#or's
<br /> accvunts w�th Lender. However, i� 7rustor d;sputes ir+good �aith whet�e�the �laim vn which the taking of the
<br /> Praperty is based is �atid vr reas�nabCe, and if Trustvr gi�es Lender writ#en notice of the claim an� furnishes
<br /> Lender with monies ar a sureiy hnnd satisfactc�ry�a Lender to satisfy the claim, the�this de�ault provisian wilf not
<br /> apply.
<br /> Breach vf�ther Agre�ment, Any breach t�y Trustvr under the terms of any nther agreement between Trustor and
<br /> Lender tha# is nat remedied wit�ir� any grace periv�d pr�vided ther+ein, including withaut limita#ion any agreement
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