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2� 1 ��819�
<br /> �EED �F TRUST
<br /> ���ntinued} Page 4
<br /> net proceeds af #he awa�rd be applied ta the Indebtedness ar the repair or restorati�n of the Pr�perty. The net
<br /> praceeds of the award sha�t m�an the award after payment af all reasonabl�casts, expen�es, and attorneys'fees
<br /> incurred by Trust�e or Lender in cannection with the condemnatifln.
<br /> IiVIP�SITI�N DF TAXES, �EE5 AND CHARGES BY G�VERNMENTAL AL�THDRITlES. The fv#�owing provi�ions�-eRating
<br /> ta governmental taxes,fees and charges are a part of this Deed of Trust:
<br /> Current Taxes, Fees and Ch2�rges. Upan request by Lender, Trustar shall execute such documents in additF�n tv
<br /> this Deed�f Trust and take whate�er oth�r action is requested by Lender to perfect and continue Lender's lien on
<br /> the Real Property. Trustor shal! reimburse Lender f�r all taxes, as described below, together with a�� ex�nses
<br /> incurred in recording, p�rfecting vr cvntinuing this Deed of Trust, inciuding without limitativn a!! taxes, fees,
<br /> do�umer�ta�y stamps,and o�her charges far re�ording or registering th is beed ofi Tru s�.
<br /> Taxes. The �tillowsn� shall canstitute taxes ta which this sectivn appii+es: {�} a speciiic tax upon this �ype of
<br /> ❑eed of Trust or upon all or any part of the Indeb#edness secured by this ❑eed of Trust; �2} a specific tax on
<br /> Trustor which Trus#vr is autho�ized�r required to deduct from payments on the Indebtedness secured by this type
<br /> of Deed of Tt�ust; t3} a tax nn this type o#�3eed vf Trust�hargeable against the Lender or the�oider o�the Credit
<br /> Agreement; and �4} a speci�ic tax on aif or any port�on of the Indebtedness or on payments of �rincipal and
<br /> interest made by Trustor.
<br /> Subsequent Taxes. lf any tax tv which thfs sectian applies is ena�ted subsequerrt to #he date af this D�eed of
<br /> T�-ust, t�is e�en# sha�l have th� same effect as an Event of De�auft, and Lender may exercise any or a1i ¢f its
<br /> a�ailable femedies �or an E�ent of Defaul� as pro�ided belvw uniess Trustvr either ('1� pays the tax before it
<br /> beoomes delinquent, c�r (2} contests the tax as pro�ided aba�e in the Taxes and Liens section and deposits with
<br /> Lender cash or a sufficient corpo�ate su+rsty bon�ax'other securi�y sa#isfactory to Lender.
<br /> SECIJRIYY AGREEMENT; �11VANClIVG STATEMENTS. The fol��wing �ravisions relatin� ta this Deed of Trust as a
<br /> security agreemsnt are a part of this �]eed of Trust:
<br /> Security Agreement. This ins#rument shall cvnst�tute a Security Agreement to the extent any of the Property
<br /> canstitutes fixturss, and Lender shafl ha�e all of the righ#s af a secured party under the LJniform Commer�ia� C�de
<br /> as amended frt�m time to t�rr��.
<br /> Security interest. Upan request by Lender, Trustor sha�l take whateUe� action is rr�quested by Lende�to perfect
<br /> and continue L�nder's security int�res# in the Personal Property. In addition�o recarding this tieed af Trus# in the
<br /> real proper�y records, Lender may, a# any time and without further authorizat�on from Trus#vr, fif� executed
<br /> cvunterparts, �opies ar reprvductians af this De�d of Tcust as a fir�anci�g statement. Trustvr sha41 reimburse
<br /> Lender far ali expenses incurred in pertecting or��ntinuing this s�curity int�res#. Upon defau�t, Trust�r�hal! not
<br /> remove, seWer vr detach the Persanai Prvperry from the Proper�y. Upan defauit, Trustar shall assemb�e any
<br /> PerSonal Pr�p�rty not affixed tQ th� Prvperty in a manner anci at a place reasonably cvnvenient to Trusto� and
<br /> Lender and make it a�ailable to �ender within three �3) days after rece�pt of written demand from Lender to th�
<br /> extent permitted by applicab�e larrv.
<br /> Addresses. The mailing addresses of Trusto� �debtor} and Lender (secured par#y} frvm which infarmation
<br /> concerning the security interest granted by this Deed af Trust may b� obtained �each as required by the Unifosm
<br /> Commercial Code}are as stat�d nn the first page of this ❑eed af Trust.
<br /> FURTHER ASSURANCES; ATTURNEY�IN-FACT. The fallowing pra�isions relating to further assurances and
<br /> attarney-in-fact are a part of this fleed of Trust:
<br /> Further AssuranCes. At any#ime, and from time tv t�me, upon request af Lender,Trustvr will make, execute and
<br /> deli�er,or wil! cause ta be made,exe�cuted ar deli�ered,#a Lender or to Lender's designee,and when requested hy
<br /> Lender, cause to be fiied, �eoorded, r�frled, or rereoorded, as the case may be, at such times and in sud�offices
<br /> and piaae�as I ender rrray dee�m appropriate,any and all such rnortgages, deeds of trust, security deeds, se�urity
<br /> agreements, financing statemen#s, aontinuat�on statements, instrumen#s of turther assuranoe, certifi�ates, and
<br /> other documents as may, in the svle apinion of Lender, be neoessary or desirable in vrd�r to e�fectuate, Gomplete,
<br /> perfect, continue, or pre5erve t'1} Trustnr'�obligations unde�the Cred��Agreement,this i3eed vf Trust, anc!the
<br /> �ated Documents, and �2} the liens and security interests created by this D�eed of �`rust on #he Pr�perty,
<br /> whethsr now awned�+"herea�#er aoquired by Trustor. lJnless prvhibited by iaw vr Lenc�r'a�'ees to the contrary in
<br /> writing, Trusttx�shall reimburse�end�r#or al� casts and expense�s incurred in canr�ection with the matters referred
<br /> to in#his paragraph.
<br /> Attorney-in-Fact. If Trus�or�ails to do any of the things referred#o in the pre�ding paragraph, Lender rr�y do sa
<br /> for and in the name of Trustor and at Trustor's expense. Far such purpos�s, Trustar h�ereby irre�ocably appaints
<br /> Lender�s Trustv�'s attor�ey-����ac;t�or t#�e pus-pase��mak�ng,executing,detivering,f��t�g, recording,and doing ali
<br /> other things as may be neoessary o�-desirable, in Lender's sofe opinion, to a�camplish the matters referred to in
<br /> the precedirtg paragraph.
<br /> FULL PERF�RMANCE. Ifi Trustor pays alt the Ind�btedness when due,terminates the credit line acoount, and otherwise
<br /> perfvrms aIl the ob�igations irr�pos�d upon Tr�astar under this�eed of T�ust, Lender shall exscute and deli�er to Trustee
<br /> a request far full reoon�eyance and shall execute and del+�er �o Trustvr suitable statements vf termirration af any
<br /> finan�ing statement fln fi�e e�idencing Lender�s security interest in the Rerrts and the Personal Prvperty. Any
<br /> reoon�eyance fee requi�-ed by law sha�!k�e paid by Trustor,i�permit�ed by ap��scabl�law.
<br /> EVENTS �F DEFAULT, Tnas#ar will be in de�ault under�his Deed of Trust if any of the faRlowi�g happen: tA� T�ustor
<br /> commEts fraud �r makes a ma�eria� misrepresentativn at any time in connectian with the Credit Agreem�nt. This can
<br /> include, far example, a false statement abaut Trustor's income, assets, �+abilit�es, vr any other aspects of Trustor's
<br /> financial �ondition. �B} Trustar daes nnt mee#the repayment terms of the Cr�dit Agreement. �C} Trustor's action ar
<br /> inaction ad�ersely affects the �ol�ateral or Lender's rights in the c�llateral. This can include, for example, failure to
<br /> maintain required insurance,w�ste v�destruc�E�e use af the dwelling, #ailure��pay#axes,dea�h of al� persans fiabfe an
<br /> the ac�aunt, transfer vf ti#ie or sale af fhe dweliing, creation ❑f a senior li�n vn the dwe!ltn� without Lender's
<br /> permission,fvreclosure by the holder flf another lien,or the use af funds or the dwelling far prohibited purposes.
<br /> RI�HTS AND REMEDIES �hl DEFAULT. If an E�ent pf�e�ault accurs under this aeed of Trust, at any time thereafter,
<br /> TrUstee ar Lender may exercis�any on�or mare of th�fvllowing rights and remec�ies:
<br /> Acceleration Upon De�au�t; Addit�ona�R�medies. It any E�erit�f Default�ccurs as per the terms of th��redit
<br /> Agreement secured her�eby, Lender may declar�e all Indebtedness secured by this Deed of Trust ta be due and
<br /> payab�e and th�same shall thereupon beovme due and payable without any presentment,demand, p��test or
<br /> notice af any k4n�, Thereafter,Lender may:
<br /> ta} �ither �n person vr by agent, wit#� ar wi�hout brfnging� any ackion ar p�t�ceeding, vr by a reoei�er
<br /> appain#ed by a�ourt and without regard to the adequacy of its security, enter upan and t�ke possession
<br /> o#the Praper-ty,ar any park therevf, in its vwn name vr in the name of Trustee,and do any acts whi�h it
<br /> d�enns neoessary ar des��ab�e tc�p�-eserve the valu�, marketabi�i#y ar�entabi�i�y o��he Property,or part of
<br /> #he Praperty or interest in the Property; inp-eas�#he inoame fram the Property or pr�tect the se�urity of
<br /> the Prvperty; and, wi�h or without taking possession of the Props�y, sue for or atherw�se collec# the
<br /> rents, issue.s and praf�s af the Property, i�duding thvse past dc.s�and u�paid, and app4y the same, iess
<br /> oosts and expenses of aperation and Golle�tivn attorneys'fees,#o any indebtedness secured by th'rs Deed
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