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2� 17��8�7
<br /> DEED �F TRUST
<br /> �CDntinued} Pag� 5
<br /> secur�ty agreement are a park o�this Deed of Trus�:
<br /> 5ecurity Agreement. This instrument shal� cons�itu�e a Security Agreem�nt to �he ext�nt any of �he Property
<br /> consti�u�es fixtures, and Lender sha�l haWe all �f the rights of a secur�d par�y under the Un��orm Commercial Cade
<br /> as amended from time ta time.
<br /> Security Interes�. Upon request by Lender, Trustor shall �ake wha�ever action is reques�ed by Lender to perf�c#
<br /> and continue Lender's securi�y interes� in #he Personal Rroper�y. In addi�ion ta re�ording this ❑eed �f Trust in the
<br /> real property records, Lend�r may, at any time and without fur�her authvrization from Trustor, f[e exe�uted
<br /> caunterpar�s, copies o� repraductions of this Deed of Trust as a financ�ng sta�ement. Trustor sha[I reimburse
<br /> Lender far al! �xpenses incurred in pe�ect�ng or Gontinuing �his security interest. lJpon defaul�, Trus�a�shall nvt
<br /> rema�e, sever or detach the Personal Prvperty from the Praperty. Llpan defauit, Trustor shal� assemble any
<br /> P�rsonal Properky nat affixed to fhe Prvperty in a manner and at a place reasonab�y con�enient to Trustor and
<br /> Lender and make it ava�lable �o Lender w�thin th�ee �3} days afte� receipt of written demand fram Lender tv the
<br /> exten#permitt�d by app�icable law.
<br /> Addresses. The mail�ng address�s o� Trus�or �debtor} and Lender �secured party} from which infarma�ion
<br /> can�erning the securi�y interes#granted by this deed of Trust may be obtained �ea�h as required by �he Uniform
<br /> �ommerciai Code}are as stated on the frst page of this Deed of Trus�.
<br /> FURTHER ASSURANCES; ATT�RNEY-IN�FACT. The �ollawing pro�isions relating t❑ fu�th�r assurances and
<br /> attorney�in�fact are a part v�this Deed of Trus�:
<br /> Further Assurances. At any time, and fram f�me �o time, �pon reques� o�Lender, Trusto�will make, execute and
<br /> deli�er, or w�l� cause to be made, executed or deli�ered, to Lender or�a Lender's designee, and when requested by
<br /> Lender, cause ta be filed, recarded, refiled, or rer�corded, as the case may be, at such times and �n such offces
<br /> and places as Lender may deem appropriate, any and al! such mor�gages, deeds of trust, security deeds, securi�y
<br /> agreemen�s, financing stat�ments, continua�ian statements, instruments of €u�ther assuranc�, c�rk�f�ates, and
<br /> other docum�n�s as may, �n #he sole opinion of Lender, be necessary or desirable in ord�r to effec�uate, complete,
<br /> perfect, cont�nue, or preserve �1} Trustor's obligatians under the Cred�t Agreement, this ❑eed of Trust, and �he
<br /> Rela�ed Documents, and ��} the �iens and security interests created by this De�d of Trus� as first and prior liens
<br /> on the Property, whe�her now owned or hereafter acquired by Trustor. L1nless proh�bited by law or Lender ag�ees
<br /> �a the con�rary[n writing, Trustor shall reimburse Lender�for all costs and expenses ir�curred in cannectian with the
<br /> matters��ferred to in this paragraph.
<br /> At'�orney-in�Fact. �f Trustor fails to do any of�he things referred to in #he preceding paragraph, Lender may do so
<br /> far and in the name of Trus�or and at Trustor's expense. For such purpases, Trustor hereby irre�ocab�y appain�s
<br /> Lender as Trusfiar's attorney--in-�'act for the purpose of making, executing, deli�ering, fling, reco�ding, and doing all
<br /> other things as may be necessary ar desirable, in Lender's sole opinion, �o accvmplish �he matters referred �v in
<br /> the preceding paragraph.
<br /> FULL PERF�RMANCE. If Trus�or pays af�the �ndebtedness when due, �erm�nates�he �red�t line accoun�, and vth�rwise
<br /> pe�forms all the ob[igations imposed upon Trustor under this Deed of Trust, Lender shall execute and deliver to T�ustee
<br /> a �eques� for fuiI recon�eyance and shall execute and de�iver ta Trusto� suitab�e s�atemen#s of termination of any
<br /> financing staternent on fle e�idencing Lender`s security interest in the R�n�s and the Personal Prope�ky. Any
<br /> recon��yance�ee required by law shall b�paid by Trustor, if permi��ed by app�icable law.
<br /> EVENTS aF DEFAULT. Trustar wil� be in d�fault under this Deed o�Trust if any of the�o1[owing happen: �A} Trustor
<br /> commits fraud ar makes a ma#erial misrepres�n�ation at any time in connect�on wi�h the Gredit Ag�eement. This can
<br /> include, �or exampfe, a false statement about Trustor`s income, assets, liabili�ies, or any o�her aspects o�f Trustor's
<br /> financia[ condition. �B} Trustar does not meet the repayment terms o�'the Credit Agreement. ��} Trustar's action or
<br /> inac��on ad�ersely affects �he colla�era[ or Lender's righ�s in the collateral. This can include, for exampfe, failure t�
<br /> maintain required insur�nce, waste or destruct��e use of�he dvuelling, failure to pay taxes, death of a11 persons liable an
<br /> the account, transfer of title or sale vf the dweliing, cr�a�ion af a senior lien on �he dwelling with�ut Lende�'s
<br /> permission, fareclosure by the halder of another lien, or the use of funds o��he dwe���ng for proh�b�ted purposes.
<br /> RI�HTS AND REMED�ES �N ❑EFAULT. If an Even�of Defau�t occurs under this Deed of Trus�, at any time thereaf�e�,
<br /> Trus�ee or Lender may exercise any one or more of the following rights and remedies:
<br /> Accelera�ion Upon Defaul�; Additiona� Remedies. if any Event of❑efau�t accurs as per�he terms o�the Credit
<br /> Agreement secured hereby, Lender may declare all [nd�btedness secured by this De�d of Trus��o he due and
<br /> payable and the same shalf �hereupon become due and payab�e w��hout any presentment, demand, protest o�
<br /> notice of any kind. Therea�ter, Lender may:
<br /> �a} E�ther �n persan or by agent, with or wi#hout bringing any ac�ion ar proceeding, or by a receiver
<br /> appointed by a court and w�thout �egard to the adequacy of its security, en�er upon and #ake passession
<br /> ��'the Property, o�any pa�t thereof, in its own name or in the name o�Trustee, and do any acts which i�
<br /> deems necessary or desirable to preserve�he �alue, marketabi�ity o��entabi�ity o�the Property, or part of
<br /> the Property or interest in �he Property; increase the income from �he Property or protect the security of
<br /> the Praperky; and, v+ri�h vr without taking possession vf the Proper�y, sue fa� or other-wise col�ect the
<br /> rents, issues and pr�fits o�the Property, including those past due and unpaid, and apply th� s�me, less
<br /> costs and expenses of operation and eo![ect�on attorneys'fees, to any indebtedness s�cured by this Deed
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