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2� 17� 183�
<br /> ��E� �� YRusT
<br /> L�an Na: 'i U'13��489 {Ct��7tinued� Pag� 5
<br /> SECURITY AGREEMENT; FINANCI6VG STATEMENTS. The folfowing prv�isians relating tn '�h15 Deed �� Trust as a
<br /> securi�y agreement are a p�rt of�his Deed o�Trust:
<br /> SeGurity Agreemen�. This Fnstrumen� shall cvnstit�u�e a �ecuri�y Agr��m�nt to th� exten� any af �he Prop�r�y
<br /> cvns�i�utes �ix�ures, and Lender shall ha�e �!! of�h� rights of a seGured par�y under�he l�ni�orm Gammercial Code
<br /> as am�nded�rom�time�a�ime.
<br /> SeGu�rjty Interes�. Up�n reques� by Lender, TruS�Cor shall take wha�e�er ac��nn is �reque��ed by Lender tv per�ect
<br /> and cvn�inue L�nder's security interest in�he Persvnal Pr�per�y. �n addition t� r�cvrd�ng �his Deed flf Trust in the
<br /> real property rec�rds, Lender may, at any time and wi�hvut further authorization from Trusto�, �iie executed
<br /> counte�-parts. copies ❑r reQrQductions v� this Deed vf Trust as a �inan�ir�g s�atemen�. Trustor shall reimburse
<br /> Lender �or a!1 expenses incurred in perfecting o� continuing this securifiy interes�. Upan de#au�t► Trus�ar shall na�
<br /> remove, se�er or de�ach the Persvnal Proper�y #rom the Prop�r�y. Llp�n de�ault, Trustv� sha!! assemble any
<br /> Per��nal Praperty nQt affixed �a th� �'raperty in a manner and �t a p��ce ��asonably con�enien� to Trustvr and
<br /> Lender and make it a�ailabEe �� Lender wi�hEn three �3} d�ys after rec�ip� ❑f written demand #rom Lender tv �he
<br /> ex�ent�ermitted by applicable law.
<br /> Addresses. The mailing addresses af Trus�or tdebtory and Lender �seGured pa��tyy �r�m which infarmati�n
<br /> cvncerning the security interest gran�ed by �his i�eed o�F Trust may be obtained �each as required by �he Uni��rm
<br /> CammerGial Cade} are as sta�ed❑n�he�irst page o�this ❑eed o�T�us�.
<br /> FIiRTHER ASSURANCES; AT��RNEY-IN-FACT. The t�llvwing prv�i�ians rela�ing to further assurances and
<br /> attorney-in-�act are a part o�this Deed af Trus�:
<br /> Fur�her Assuran�es. At any time, and �rom�ime �� time, upon reques� of Lender, Trus�vr will m�k�, execu�e and
<br /> deli�er, �r will cause�v �e mad�, exe�ut�d ar deli�ered,�v Lend�r vr ta Lender's de�ignee, �nd when reques�ed by
<br /> Lender. Gause to be fiied, reGarded, re#iled, a�r rerecorded, as �he �as� may be, at su�h times and in such ❑ffi�es
<br /> and places as Lender may d�em appropr�a�e, any and ai! such mor�gages� deeds a�trus�t, securi�y deeds, security
<br /> a�ree�nents, financing sta�ements, �ontinuation sta�ements, instrumen�s of �urther assuran�e, �erti�icates, and
<br /> vther dacuments as may, in�he so�e Qpinion o� Lender, be necessary or desirab[e in❑rder to �ffec�ua�e, �ompl�te,
<br /> perf�ct, �ontinue, ar preser�e ��} Trustor's abliga�ions under the Note, this ❑eed ❑� Trust, and �he Retated
<br /> Dacumen�s, and t�� the liens and se�uri�y in�erests created by this D�ed af Trus� as �irs� and prior iiens an �he
<br /> Prop�rty, whether naw owned �r hereafter acquired by Trust�r. �Jnle�s prohibited by �aw vr Lender agrees ta �he
<br /> contrary in wri�ing, �rus�tar sh�l� reimbu�rse Lender �ar �II c�s�s and �xRens�s in�u�rred in cvnn�ction with �he
<br /> ma��e�rs re�erred�t� in this paragra�h.
<br /> At�orney-in-Fac�. If Trustar��iis ta �o any o�the �hings re�erred�v in �he pr�ceding paragraph, Lender may do s❑
<br /> �vr and in the n�me o�Tru�tar and �t Tru��tnr's �xp�nse. For such purpases, Tru��or hereby irr�vacably appain�s
<br /> Lender as Trustor's a�tQrney-in-faGt for�he purpvse o�mak�ng, executing. de�i�ering, fi[ing, recording, and doing ai!
<br /> oth�r things as may be necessary vr desirable, En Lender's svle opinion, tv accomplish �he matters re�ferred t❑ in
<br /> �he preceding paragraph.
<br /> FULL �ERF�RMANCE.. I�Trustor pays a!� the �ndeb'�edn�ss, includin� wi�hvu�limita�ion all �uture ad�ances. when due,
<br /> and vtherwise per�orm� ail �he obligations impased upon Trus�or under this Qeed flf Tru�'�, Lender shaE! exeGute and
<br /> deliver �o Trus�ee a reques� �or #u11 r�cvn�eyance and shal� execu�e and defi�er to Trus�ar sui�able stat�m�nts ��
<br /> termina�ian ❑f any financing staterr�ent �n �ile eWidencing L�nder's security interes�t in th� �ents �nd the Persanal
<br /> �roperty. Any recon�eyan�e fee requi�ed �y law shall be�aid by Trusto�, i�permitted by appliGabl�law.
<br /> DEFAULT. At Lender`s optE�n,Trustor will he in default under�his Deed o�Trust i�any v�the follvwing happen;
<br /> Fraud or Ma�erial MEsrepresentation. Trustor �ommi�s fraud ar mat�rial misr�presen�a�ivn in connectian wEth the
<br /> terms��the Note.
<br /> Payment De�au�t. Trustv�fails�o mee�the repayment terms o�the Nate�ar any oufis�andin�baEan��.
<br /> D�her De�auits. Trusto�'s act e�r failure ta act a�i�ersely �ffects Lender's se�urity in�ere�� in the Proper�y, vr any
<br /> right�f L�nder's in such se�uri�y.
<br /> Right to Cure. I�any de�auit. oth�r than a d�fau��in paymen�r is curable and i�Trus�tor has no�been gi��n a natice
<br /> ofi a brea�h o�the same p�v�ision ot�his Deed of Trust with�n the pre�eding twel�e t 1�} mon�hs. it may be cur�d i�
<br /> Trustor, aft�r LEnder sends w�itten natice�o Trustar demanding cure of such de�autt: ��y cures the de�ault within
<br /> ten �'i 0� days; �� {2} if�he cure requires mvre than ten ���� days, immediately initiates s�eps which Lender deem�
<br /> in Lender`s s�le discretion to �ae suffici�n��o�ure�he de�aul�and�h�reafter cantinue� and�omp�etes all reasonable
<br /> and nec�ssary s�eps suff�cient�a produc�cor�p�ian�� as svon as reas�nabfy prac��cal.
<br /> RIGH�S AND REIUIE�1�5 C�N DEFAL�LT. I�F an E�ent v� I�e€aui�nccurs under this Geed a�Trust. at any time �hereafter,
<br /> Trustee or Lend�r may exerGise any❑ne ar more vf#he�ollvwir�g ri�h�s and�emedi�s:
<br /> Acc�lera#ivn Upvn L�etaui#: Addi�ional Remedies. ��any E�ent❑� De�aui�oc�urs as per the�erms o�the Nate
<br /> secured hereby, Lender may declare all Indebtedness secured by this Deed of Trust�v be due and payable and
<br /> the same shal[thereu��n b��ame due and payable wi�haut any presentment, demand, pratest or natice v�any
<br /> kind. Ther�after, Lender may:
<br /> {ay Either in person ❑r by agen�, virith or wEthou� �ringing any ac�ian vr prnce�ding. vr by a rec�iver
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