|
2� 17� 1 � 1 �
<br /> DEED �F TRUST
<br /> L�an N�: ��3�5���3 ��ontinu�d} Page 4
<br /> Current Taxes� Fe�s and �harges, Upon requ�st by Lender, Trustor shall execute such documents in additi�n t�
<br /> this Qeed of Trust and tak� wha�eve�- o�h�r ac��on is r�quested by Lender to perfect and �an�€nu� Lender`s �ien 4n
<br /> the Real Property. Trustor shall reim�urse Lender for a[l taxes, as C��;SCT3b2CI ���aW. �ogether vvith al[ expenses
<br /> incurred in recarding, perfecting or continu�ng this Deed o� Trust, incl�ading with�ut limitation ali ta�ces, fe�s,
<br /> documentary s�amps, and�ther charges�or recarding�r regis�ering this D�e�i �f Trust.
<br /> Taxes. The �oliowing shail Gonstitute ta�ces ta which fihis se�ti�n applies: (1} a sp�cifi� fiax upan fihis type af
<br /> Deed ofi Trust ❑r upan all �r any part af the Ind�btedn�ss se�ur�d by this Deed of Trust; ��� a specifi� ta�e �n
<br /> Trustor which Trus�or is auth�ri�ed or r�quired ta deduct�rom payrnen�s on the Indebtedness securad by th�s t�r�e
<br /> af Dee� of Trus�; {3� a tax�n this ��pe of Deed of Trust chargeable againsfi the Lender or�he halder of�he Nofi�i
<br /> an� t�} a specific ta�c an al� ar any por��an o��he lnd�btedness or on payments af principal and interes� made by
<br /> TrustQr.
<br /> Su�asequent Tax�s, If any tax fio �vhi�h this sectian applies �s ena�ted subsequent to the date �f this Deed of
<br /> Trust, th�s e�ent shall have the sam� e�fi�ct as an Event o� Default, and Lend�r may �xer�is� any ar all af its
<br /> availa�le remedies fvr an Event of �efault �s pra�ided beiow unless Trus�ar either ��} pays �he tax before it
<br /> becomes delin�uent, or {�� can-��sts th� tax as provid�d a���re in the Taxes and Liens se�t�on and deposits wrth
<br /> Lender cash or a sufficient corp�rate surety bond or other security satisfacta�y ta Lender.
<br /> SE�LJRfTY �#�REEMENT; FINANCIN� STATEMEIVTS. The #ollawing �rovisions rela�ing �o this Deed a� Trus� as a
<br /> security agreem�nt are a �art of�his Deed af Trust: �
<br /> Security Agreem�n�. This instrument sha[I �ans�itute a Securi�y Agreemen� �o the exfen� any af �he Property
<br /> �onstitutes fixtures, and Lender shall ha�e a�l �f the rights ❑f a secured party under th� LJnif�rm ��mmercial Code
<br /> as amended from time t��ime.
<br /> Securit� lnterest. Upon reques� by Lenderr Trusto� shal� �ake whatev�r action is requested by Lender �o p�rfect
<br /> and �antinue Lender's security in�e�est in �he Persona[ Property. ln addit€on to recarding this D�ed af Trust in the
<br /> rea[ property records, Lender may, a� any time and vtirithaut furth�r authari�ation �From Trustar, �ile e�e�uted
<br /> c�unterparts, capi�s ar repraductions of �his Deed o# Trus� as a �inancing statement. Trustar sh�[I reimburse
<br /> Lender far all expenses incurr�d in perf�c�ing �r ��ntinu�ng this seGurity interest. Upan default, Trustor shall nat
<br /> remover se�er ar de�ach the Personal Property �rom the Properfiy. LJpan defaultr Trusfiar shall ass�rnble any
<br /> Personal Prop�rty no� affixed �a the Pr�perty in a manner and at a plac� reasonably convenient to Trustor and
<br /> L�nder and make �t available �ka Lender within thr�e �3} days af�er receipt a� writfien demand �rom L�nder t� the
<br /> exten�permitted by appficable law.
<br /> Addresses. The mailing address�s �f Trustot' �debtor} and Lencier� �secur�d par�y� fram which in��rma#i�n
<br /> concerning �he security in#eres� gran�ed by this Deed of Trus� may be �btained �each as required by the Un�form
<br /> C�mmercial God�} are as stated on the�irst page a�this Deed��Trust.
<br /> FURTHER A55UR�iV�ES; ATT4RNEY-�N-FACT. The fo�lawing pt'aV1514C15 relating ta furth�r assuran�es and
<br /> attorney-in-fact are a part of th�s Deed o�Trus�:
<br /> Furth�r Assurances, At any tim�, and from time ta �ime, upQn request of Lender, Trus�nr wilf make, execute and
<br /> de[iv�r, or wi(f cause fio be mad�, execu��d Qr deliv�r�d, ta Lender ar to Lender`s des�gnee, and when ��quested by
<br /> Lender, cause to be filed, recard�d, refiled, or rerecarded, as �he case may be, at su�h times and in such affi�es
<br /> and places as Lender may deem �pprQpriate, any and a[[ such mart�ages, deeds af trust, security d��ds, s�curity
<br /> agreements, -financ�ng statements, cant�nuatian s�a�emen�s, instruments af further assurar�ce, certifi�ates, an�
<br /> other documen�s as may, �n the sale opin�an Qf Lend�r, be ne�essary�r desirab�e in ��-der tQ eff�ctuate, c�mpl��e,
<br /> p�r-���t, cantinue, or preserve �1 y Trusto�'s ob�igatians under the Nate, �his Deed af Trustt and the R�lafied
<br /> ❑o�uments, and t�} the liens and security interests �reated by this �eed af Trust�n the Praperty, whether now
<br /> Qwned or hereafter acquired by Trustar. Un�ess prohibited by law or Lender agrees �a the c�ntrary in wri�ingr
<br /> Trustor sh��l reirnburse Lender far a�[ casts and exp�nses incurred in ��nne�tion with the matt�rs re�erred to �n this
<br /> paragraph. �
<br /> ►4ttorney-in�Fac�. If Trustar fails ta do any❑f the things re�erred t❑ in th� preceding �aragraph, Lender may do sa
<br /> fa� and in the name of Trustor and at Trustor's expense. For sueh purposes� Trustor hereby irreWo�ably app�ints
<br /> Lender as Trus-�or's a-�torn�y-in-fact for the purpase o�ma[��ngr executing, deliWeringr filingr reGording, and doing all
<br /> afiher things as may be.necess�ry or desirab[�, in Lender's so�e npin�an, to a�complish the matters r�f�rr�d �� in
<br /> � th� pr�ceding pa�agraph.
<br /> FULL PERFOR�1fIANGE. I# Trust�r pays a[I the lndebtedness when du�, and ath�rwiSe performs all �he abliga�ians
<br /> imp�sed upan Trus�or unde� this Deed �f Trus�, L�nder shal[ e�cecute and d�liver to Trustee a request for fuil
<br /> re�anWeyance and shafl execute and deliWer fio Trustar sui-kable statements of te�minatian ❑f any finan�ing statement on
<br /> file�videncing Lender's s��urity interest in the �ents and the Persanal Praper�y. Any r�conWeyance fee required by�aw
<br /> sha�l�be paid hy Trustor, if permi���d by applicalale law.
<br /> EVENT� �F DEFAULT. I�t Lender's �ption, Trus�or wi[I b� in default under this Deed of Trust if any of the fo�lawing
<br /> happ�n:
<br /> Pa�rment❑efauft. Trus�or fails�❑ make any payment w�en du� und�r�he lnd�b�edness.
<br /> f3reak �ther Prom�s�s, Trustar bre�ks any promise made �� Lender or fails to per�orm pr�mptly at the �ime and .
<br /> stricfi�y in the manner pravid�d in this D��� �f Trust or in any agreement relat�d t�this �eed of Trust.
<br /> Cvmpiiance Default, Failure ta �ompfy with any �th�r term, �bligati�n, �ovenan� ar cand�ti�n cantained in this
<br /> De�d ❑fi Trust,the Not� or in any vf the Related D�cuments.
<br /> Qefauit an D�h�r Payments. Failure af Tru�tar wi�hin�he time required by this Deed a�Trust ta make any paymenf
<br /> for taxes or insurance, or any o�her paym�nt ne�essary�a pre��nt filing o€or�o effect dis�harge❑�any lien.
<br /> Defaul� in Favar af T'hird Par�ies. Sho�ld Grant�r defau[t under any loan, extension of credit, security agre�ment,
<br /> purchase or sa[es agreement, or �ny oth�r agreement, in favar of any other creditor �r person tha� may material�y
<br /> aff��� any af �rantor's praperty ar �rantor's abi�ity �� repa� the [ndebtedness �r �rantor's abili�y �o perform
<br /> Grantor's obiigatians under�his Deed�fi Trust�r any�f�he Rela-�e� Dacum�nts.
<br /> Faise Statements. Any represen�a��on �r statement made ar furnished ta Lender by Trust�r or on Trustor's beha[f
<br /> under this aeed af Trust or the Related Dacuments is false ar misleading in any mat�ria[ respect, either naw ar at
<br /> the time made vr furnished.
<br /> Defect��e Cvlfa�era�ization. This Deed of Trust or any �f the Rela�ed aocuments ceases ta be in fulf force and
<br /> eff�ct tincluding fai�ure of any �al�ateraf d�cument to create a �a�id and per�e���d se�urity in��res�t �r lien} at any
<br /> time and for any reason.
<br /> De�th vr �nsvl�en�y, The deafih o�Trust�r, th� �nsoi�ency ofi Trustarr the appointmenfi o�a receiW�r for any part af
<br /> Trustar's prv�erty, any assignm�nt f�r the ben�f�t �f credi-�ors, any -�ype of cr�di-�or v�rorkou�, or the
<br /> cammen��ment Qf any proc��ding under any hankruptcy ar insviWency favvs by ar against Trustar.
<br /> Taking af the Proper�y. Any creditor ar g��ernmental a��ncy tries t� tal�e any o� �h� Pr�perty ❑r any Qther �f
<br /> Trust�r's prop�rty �n wh�ch Lender has a l�en. This includes tal�ing �f, garr��shing o� ar levying an Trus�or's
<br /> accounts with Lender, Hauv�ver, i� Trustar disputes in g�od �aith whether the claim �n which the taking nf the
<br /> �
<br />
|