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2� 17���2�
<br /> aEEC] �F TRUST
<br /> �Cont�nued� Page 4
<br /> Taxes. The �a�iowing shall constitu�e taxes ta which this sectian app���s: 4�� a spe�i#ic tax upon this type of
<br /> ❑eed ofi Trust or upvn ai1 �r any par� a��he �ndebtedness secured by �his ❑eed vt Trust; 4�} a speci�ic tax an
<br /> Trus�vr which Trus�or is authori�ed ar required ta deduct��am payments on the �ndebt�dness secured �y this type
<br /> a�❑eed o�Trus�; {3� a�ax on�his type o#Deed o#Trust chargea�le agains�the Lender or the ho�der of the Gredit
<br /> Agreement; and �4y a spe��f�� �ax an all or any por�ian vf �he lndebtedness ar on payments o� principa� and
<br /> �nterest made by T�ustor.
<br /> 5uhsequent Tax�s. If any �ax ta which this section applies is enacted subsequen# �o �he date of this ❑eed of
<br /> Trust, this e�enfi shall ha�e the same effect as an E�ent v� �efauft, and Lender may exe��ise any ar all of i�s
<br /> available remedies fa� an E�ent o� Defau[�t as prv�'rded beEow unfess Trust�r erther ��3 pays th� tax hefore it
<br /> becames de��nquent, �r ��} cvntests the�ax as pro��ded ahv�e in �th�Taxes and Liens sec�ion and depasits with
<br /> L�nde�cash or a sufficien�corporate surety bond❑r❑ther securE�y satisfactary to Lender.
<br /> SECURtTY AGREEMENT, FINANCING STATEMENTS. The ��l�vwing prov�sions reiating t❑ this Deed o� Trus� as a
<br /> security agreem�n�are a part vf�his Deed o�Trust;
<br /> Se�urity Agr�ement. This instrument shafl constitute a Securi#y Ag�eement ta the exten� any a� the Prvper�y
<br /> const�tutes fixtures, and Lender shaf[ ha�e al� o�F the rights �f a secured party under the Llnifo�m Commercia! Cade
<br /> as amended frnm t�me to time.
<br /> Se�urity lnterest, Upon request by Lender, Trustor sha�f take whate�er a�tian is requested �y Lender to perfect
<br /> and �antinue L�nder's security interest in the Persanaf Praperty, In additivn to recarding this fleed o�Trust in the
<br /> ��al p�-aperty re�ords, Lender may, afi any time and wi�hout further au�hori�ativn �ram Trus�vr, �ile execu�ed
<br /> counterparts, copies o� reprodu�tions af this Deed a� Trust as a �financEng s#a�ement. Trustor sha[[ reimburse
<br /> Lender far a�� expenses incurred in perfe�ting t�r con�inuing this security interest. Upon de�ault, Trustor sha�� no�
<br /> rem��e, se�er or detach the Personal Property �rram the Property. Upon defaul�, Trustor shall assembl� any
<br /> Personal Property nat a�f�xed to the Proper�y in a mannsr and a� a place reasflnab�y cvnvenient to Trustor and
<br /> Lender and make it a�ailable t❑ Lender within three �3� days a�Fter receip� o� written demand fr�m Lender �o the
<br /> extent permitted by applicahle law.
<br /> Addresses. Th� maifing addr�sses o� Trustar tdebtor� and Lsnder {secured party� fram which informatian
<br /> C�nc�rning the security interest grant�d by this D�ed vfi Trust may �e tibtained �each as required by the Unifflrm
<br /> Commercia! Codey are as stated on the�irst page of this �eed vf Trus�,
<br /> FURTHER ASSURAN�ES: ATT�RNEY-�N-FACT. The �olfo�►ring pro�isions refating ta �urther assurances and
<br /> a�ttorn�y-En-fact are a part v�this ❑eed o�Trus�:
<br /> Fur#her Assurances. At any�ime, and from time tfl time, up�n request o� Lender, Trus�or wifl make, execu�� and
<br /> del��er, or wii� cause ta be made, executed❑r de�i�ered, tv Lender vr to Lender's designee, and when reques�ed by
<br /> Lender, cause to be �iled, �re�orded, refil�d, ❑r rerecorded, as the case may be, at such times and in such af�i�es
<br /> and pfaces as Lender may deem apprapriate, any and af[ such mortgages, deeds af trust. security deeds, securi�y
<br /> agreements, financing sta�ements, con�inua�ion statemen�s, instrum�nts of further assurance, cer�ificates, and
<br /> ather documen�s as may, in the sole apinivn of Lender, be necessary or desirable in order to e�fectua�e, camp�ete,
<br /> perfect, cvntinue, or preser�e 4�� Trustor's �bligations under the Credit Agreement, this D�ed v�Trus�, and �he
<br /> Related Dacuments, and ��f the liens and sscuri�y �nteres�s crea��d by this I]eed ❑f Trust on the Prvp�rty,
<br /> whe'�her n�w owned ar her�a'�ter ac�uired I�y Trus��r, Unless prvhibit�d by law or Lender ag�ees to the contrary in
<br /> wri�ing, Trustvr sha11 �eimburse Lender fo� a�l costs and expenses incurr-ed in cannectiorr wi�h the matters referred
<br /> ta in�his paragraph.
<br /> Attorney-in-Fact. lf Trustor fai�s ta do any of the things referred to in th� preceding paragraph, Lender may do so
<br /> for and in the name of Trusto� and at Trustor's exp�nse. Fo�such purposes, Trustor herel�y irre�a�ably appoints
<br /> Lender as Trus�or's attorney-in-�act for the purpose af making, executing, deli�ering, f�ling, recording. and doing a€�
<br /> other �h�n�s as may be necessary or desira�fe, in Lender's sole opinivn, to accamplish the ma�ters re�e�-red ta in
<br /> the preceding paragraph.
<br /> FULL PE�FQRNlAN�E, !�Trustar pays af['the Indebtedness when due,terminates the credit�Ene account, and otherwise
<br /> performs ai� th� ob[igatiQns imposed upon Trustor under this D�:ed of Trust, Lender shalf exe�ute and deli�er tv Trustee
<br /> a request for full recon�eyan�e and shall execute and de�i�er to Trustor sui�tab�e s�a�em�nts of termination of any
<br /> #�nan�ing sfiat�ment vn f�Ee e�idencing Lende�'s s�cur��y �n�erest in �he Ren�s and the Personaf Prop�rty. Any
<br /> recon�eyance�ee requ'rred by �aw shaf� be paid by Trustor, i�perm�tted hy applicable law,
<br /> EVENTS �F DEFAULT. Trustvr wf[f he in de�aul�und�r this Deed ��Trus� i�any o�th� �follvwing happ�n: �A� Trustor
<br /> �vmmits f�aud vr makes a ma��rEa� misrepresentati�n at any �ime �n cvnnection v+►i#h the Credit Agreement, Th�s �an
<br /> include, for exampEe, a #aise s�atement abou� Trustvr's in�ome, asse�s, fiabifities, or any a#h�r aspects af Trustor's
<br /> financial candi�ivn. �By Trustor does no� meet the �epaymen�terms af the Credit Agreement. {Cj Trustar's a�tion or
<br /> inac�ion ad�erse�y af�ects the �ollateral ar Lender's rights in the co�lateral. This can inGlud�, �ar exampie, faifure to
<br /> maintain requir�d insurance, waste ar destructi�� use o#the dwelling� failure t�pay taxes, death nf alf pers�ns �iable❑n
<br /> the account, trans��r of ti�Ce vr sale o€ the dw�ll�ng. creation �� a senior lien an the dw�iling without Lender"s
<br /> permEss�on, forec�osure by the hafder a�another lien, or the use of�unds ar the dwelling�ar prahibited purpases.
<br /> R�GHTS AND REMED�ES flN DEFAULT. �f an E�ent of Defaul�occurs un�ler this Deed of Trust, at any time therea�ter,
<br /> Trustee�r Lender may exer��se any❑ne or more❑f the foffowing rights and remedies:
<br /> A��eleration Upvn D�fault;Addit�ana� Remed�es. Ifi any E�en�of D�fiau1�vc�urs as per the terms �f the Credit
<br /> Agr��ment secured hereby, Lender may declar� all lndsbtedness secured by this aeed vf Trust to bs due and
<br /> payable and th� same shall thereupon become due and payable w�thvut any presentmen�, demand, pro�est a�
<br /> not�ce of any kind. The�reafter, Lender may:
<br /> �a� Ei�her in pe�-son o� by agent, with or without brin�ing any action ar proce�ding, or by a recei�er
<br /> appointed by a caurt and without r�gard �a the adequacy o�i�s s�curity, enter upon and take possession
<br /> of the Property, ❑r any part ther��f, in its awn name or in the name❑�Trustee, and do any acts which it
<br /> deems necessary or d�sirable tv preser�e the �a�ue. marke#abi[i#y or rentabi�ity o€the Proper�y, or part of
<br /> the Prvperty or in�erest in the Prvperty; in�rease the incame �ram the Praperty or prote�t the secur�ty of
<br /> the Praperty; and, wi�h or without taking possessivn o�F �he Proper�y, sue �or or otherwise collec�t the
<br /> rents, issues and pro#i�s vf�he Property, including �hvse past due and unpaid, and app�y fihe same, less
<br /> cos�s and expenses a�operation and col�ectivn attorneys' �ees, ta any indeb�edness secured t�y�this ❑eed
<br /> a� Trust, a�l �n such arder as Lender may determ�ne. The entering upon and taking pvssessivn af the
<br /> Praperty, �he ca�lectiQn v� such ren�s, issues and profits, and the application thereof sha[� not cure or
<br /> wa��e any d�'�aulfi or notice of d�fau�t under th�s ❑eed o#Trust or in�alidate any ac�done in response to
<br /> such defau[t or�ursuant to such notice of de#ault; and, notwithstanding the can�inuance in passess�on of
<br /> #he Property fl�the cvllection, receipt and app��ca�ion of rents, issues or prof�ts, Trustee or Lender sha(f
<br /> be enti�t�ed to exercise e�ery right pro�ided for in the Credit Agre�men�or the Related Documen�s ❑r by
<br /> law upon the occurr�nce of any e�en�of default, including�he righ��o exercise the power o�sale;
<br /> 4b� Cvmmence an action to�orecfose this �eed af T�us�as a mor�gage, appoint a recei�er or specifical�y
<br /> enfarce any of th�cavenan�s herefl�; and
<br /> ��� DeEi�er to Trustee a written deciaration of default an�d�mand for sale and a vvritten not�ce vf defauit
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