2� 17��453
<br /> DEEi� �F TRUST
<br /> Loan Nv: ����D'1586 �C�ntin ued� page �
<br /> extent permitted by applicable law.
<br /> Addr�sses. The mailing addresses af Trustar �d�btvey and Lender �secu�ed party} from which information
<br /> can�erning the security interest granted by this �eed of Trust may be vbtained �each as required by the Uniform
<br /> Commercia� Codey are as stated on the ��rst page�f this ❑eed of Trust.
<br /> FURTHER ASSURANCES; ATT�RNEY-IN-FACT. The fvllawing pra�isions relating to further assurances and
<br /> attorney-in-fact are a par#of this Dee� af Trust:
<br /> Further Assurances. At any time, and frvm time to time, upvn request of Lender, Trustar wilf make, exe�ute and
<br /> deli�er, or will �ause to be made, executed or deli�ered, to Lender or to Lend�r's designee, and when requested by
<br /> Lender, cause tv be filed, r�corded, refiled, or rere�arded, as the case may be, at such times and in su�h affices
<br /> and places as Lend�r may deem appr�priate, any and all such mortgages, deeds vf trust, security deeds, security
<br /> agreements, financing statements, cantinuation stat�ments, �nstruments of further assurance, certificates, and
<br /> ❑ther dacuments as may, in the s�le �pinian vf Lender, be necessary or desira�ie in �rder to effectuate, �omplete,
<br /> perfect, continue, or preser�e �1 f Barrower's and Trustor's obligatians under th� Note, this ❑eed of Trus#, and
<br /> the R�lat�d Documents, and �2f the liens and se�urity interests created by this D�ed of Trust on the Property,
<br /> whether now vwned or hereafter acquired by Trustor. Unless prohibited by �aw or Lender agrees to the �antrary in
<br /> writing, Trustor shall reimhurse Lende� for all costs and expenses incurred in �onnection with th� matt�rs refer�ed
<br /> t� in this para�raph.
<br /> Attvrney-in-Fact. If Trustor fails to do any af the things r�f�rred t❑ in the preceding paragraph, Lender may da so
<br /> for and in the name �f Trustor and at Trustar's e�pense. Far su�h purposes, Trusto� hereby irre�acably appaints
<br /> L�nder as Trustor's attarney-in-fact far the purpase vf making, exe�uting, deli�ering, filing, re�ording, and daing all
<br /> ❑ther things as may be necessary ar desirabl�, in Lender's sole opjni�n, to a�camplish the matters ref�rr�d to in
<br /> the pre�eding paragraph,
<br /> FULL PERF�RMANCE. !f 6orrower and Trustor pay a�E the Indebt�dness, includtng withaut limitation a!I future
<br /> ad�an�es, when due, and Trustnr atherwise performs all the obligatinns imposed upon Trustor under this ❑eed af Trus�,
<br /> Lender shalf execute and deli�er to Truste� a request f�r full r�can�eyanc� and shall execute and de�i�er ta Trustor
<br /> suita�l� statements of termination ❑f any financing statement ❑n fife e�idencing Lender's s�curi#y interest in the Rents
<br /> and the Personal Prvperty. Any r��on��yanc� fee required by law shall he paid by Trustvr, if permitted by app�icabie
<br /> law.
<br /> EVENTS OF DEFAULT. Ea�h of the fallowing, at Lender's option, shall constitute an E�ent �f D�fault under th�s Deed
<br /> af Trust:
<br /> Payment Default. Borrvwer#ails ta make any payment when due under the Indebt�dness.
<br /> �ther De�aults. Borrvwer ❑r Trustor fails to Gamply with or to perform any ather term, obligatian, co�enant or
<br /> condition contained in this Deed vf Trust or in any of the Related ❑ocuments or to camply with ar ta perform any
<br /> term, ❑b�igation, co�enant or condition cvntained in any other agreement between Lender and Barrawer ar Trustar.
<br /> �ompiiance Default. Failure t❑ comply with any vther term, obligation, �o��nant or cvnditian cvntained in this
<br /> Deed ❑f Trust, the Note❑r in any❑f the Related Da�uments.
<br /> Default vn �ther Payments. Failur� ❑f Trustor within the time required by this ❑eed of Trust ta make any payment
<br /> fvr taxes or insurance, or any vther payment necessary ta pre�ent filing ❑f❑r to effect discharge �f any lien.
<br /> False S#atements. Any warranty, representation or statement made ar furnished ta Lend�r by Bvrrower or Trustor
<br /> vr on Borrawer's or Trustor's b�half under th�s Deed af T�ust or the Related ❑ocuments is false or misieading in
<br /> any material respec�, either naw or at the time made �r �urnished or becomes fals� or misleading at any �time
<br /> ther�after.
<br /> Defecti�e Collateralization. This ❑eed of Trust ❑r any ❑� the Related ❑acuments ceases t❑ be in full fvrce and
<br /> e�fe�t {inc�uding failure of any ca�lateral dacument to cr�ate a �alid and perfected secur�ty interest ar �ien� at any
<br /> time and for any reason.
<br /> aeath or Ins�l►rency. The dissoluti�n or terminatian ❑f Borrower's ❑r Trustvr's existenc� as a going business, the
<br /> sns�l�ency of Bor�ower vr Trusto�, the appvintment vf a �eces�er for any part ❑f Borrawer's or Trustar's prap�rty,
<br /> any ass�gnment for the bsnefit of Greditors, any type of creditor workaut, ar the cvmmencement ❑f any pra�eeding
<br /> under any bankruptcy or insol��ncy laws by vr against Borrower or Trustor.
<br /> �reditor or Forfeiture Proc�sdings. Camm�ncemen� o�f forecl�sure ar forfeiture proceedings, whether by judicial
<br /> proceeding, self-he�p, rep�ssession or any other method, by any �r�ditvr of Borrower ❑r Trustor ❑r �y any
<br /> gv�ernmental agency against any property seGuring the Indebtedn�ss, This includes a garnishment af any of
<br /> Barrawer's ar Trustor's ac�ounts, including d�posit accounts, with Lender. Howe�er, this E�ent af ❑efault shall
<br /> n�t apply if the�e is a gaad faith dispute by Barrower ar Trustar as t❑ the �aitdity ar reasonabieness of the clairr-r
<br /> which is the basis �f the creditor vr farfeiture prvice�ding and if Borrower ❑r Trustor gi�es L�nder written notice of
<br /> the creditor ❑r farfe�ture prv���ding and deposits with L�nder monies or a surety bvnd �or�he creditor or farf�iture
<br /> proceeding, in an amount determined by Lender, in its soie discretion, as being an adequate reser�e ar bond f��the
<br /> dispute.
<br /> Breach of�ther Agreement. Any breach by g�rr�wer or Trustor under the terms of any other agreement between
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