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2� 17� 1912
<br /> DEED QF TRUST
<br /> L�an No: '�U'i3D25C�'� {Co�lt�nu�d� Page 3
<br /> encumbrancesr and oth�r claims, ��f tv �ro�Ede any required insuran�e an th� Proper�y, �C} to ma�e,r�pairs tv the
<br /> praperty or �o compfy with any ob�igation �v main�ain Existing Indebtedness �n good s�anding as required belavu, then
<br /> Lender may do �o. l� any ac��on or proc�eding is commenced that would materially atfeGt Lender's in�erests in the
<br /> Prr�perty, then Lender on Trusta�'s behai� may, but �s nat r�quired to, ��ke any actian that �.�nder belie�es �❑ be
<br /> apprvpriate to prot��t Lender's interests. Ail e�cpenses incurred or paid by Lender far suGh purpos�s wi[I then bear
<br /> in�erest at �h� rate charged under the Cr�di� Agreem�n� from �he �a�e in�urred vr paid by Lender to the da�e o�F
<br /> repayment by Trustor. Ali such expenses will becvme a part o�the lndet�tedness and, a� Lender's vp�ion, will {Af be
<br /> payable on d�mand; ��� be added �a the balance o��h� �redi� Agreem�n� and be apportioned amang and be payable
<br /> wi�h any installment payments°t� becvme due during either ��} �h�term ❑�any appli�able insur�nc� poisGy; ar �2y the
<br /> remain+ng term o'�the Credit Agreem�nt; or 4C} be�reated as a halfaon Payment which wiil be du� and payable a�the
<br /> Credit Agreern�nfi's maturi�y.
<br /> WARRANTY; DEFENSE DF TITLE. The follawing p�o�isEvns rela�ing to❑wnership af the Prflperty are� part�#�his �eed
<br /> ❑�Trust:
<br /> Ti��e. Trustar warr�n�s tha�: t�} Trus�vr holds g�od and marketable ti��e of recvrd �a the �r�aperty in fe� simple,
<br /> #ree and clear �f al! liens and encumbrances ❑fih�r than �hvse se� �or�h in �he R�a� Proper�y description or in the
<br /> Existrng Indebte�ness sec�ion below ar in any�i�te insurance pvlicy. �i�le repvrt. ar final ti�le Qpinion issue� in fa�ar
<br /> a�, and a�cepted by, �ender fn cQnn�ction vvi�h �his Deed v�Trust, and {b} Trus�or has th� �ufl righ�, pawer� and
<br /> authvrity to exe�ute and deli��r tF�is Deed❑�Trus��� Lender.
<br /> De�en�e vt Ti�ie. Su��ec� td th� excep�ion in �he paragraph abo�e, Trustar warr�nts and wil! fore�er de�end the
<br /> titEe to the Praperty against the fawful claims v�ali persons.
<br /> E�iSTING INDEBTEQN�SS. The�a��owing pro�isivns �oncerning �xis�ing ind�b�edn�ss �re a par��f this ❑eed�t Trust:
<br /> Existing Lien. The lien vf this De�d v� Trust �ecuri�g �he Indebtedness may b� seevndary and in�eri�r #v an
<br /> exis�ing lien. Trus�vr expressly ca�enants and agrees to pay, ar see ta the payment❑�, the Existing lndebtedness
<br /> and �o pre�en�any de�aul�an �uch indeb'�edness, any de�ault under the in�truments ��idencin� such indeht�dness� .
<br /> or any de�aul�under any s�curity doGum�nts-tar such indeh�edness,
<br /> �VENTS �F QEFAULT. Trus�ar will be in d���uit under�his Deed vf Trus� i�any ❑�th� �vllawing happen: tA� Trus�or
<br /> cvmmits fraud or makes a ma�eria! misrepresentativn at any�ime in connection wi#h �he Cred��Agreemen�. This can
<br /> inGlude, ��r ex�mple, a �alse statem�nt a�ou� TrustQr's incom�, assets, liabi�ities, or any ather aspects of Trustor's
<br /> �inancial Gondition. �E�� Trustar dt�es not meet th� repayment terms ���h� Cred�t Agreement. �C} Trustor's ac���n ar
<br /> inac�Eon ad�ersely a�feGts �he collateral ar Lender`s �ights in the Gol�a#erai. This �ar� incEude, for �xample, �ailure tfl
<br /> main�ain requir�d insur�nce, was�e ai•des��uc�ive use o��he dwe[ling, failure�Ca pay�axe�, dea�h a�al[persvns liable an
<br /> -the accaun�, frans�er of title or sale of #he dwelling, crea�ion ❑f a senior lien on the dwelfing wi�hout Lend�r's
<br /> permissi�n, �Foreclosure by�he holder af another Sien, o��he use of�unds ar th�dvuelling for pr�hibited purpases.
<br /> RIGHTS AND REIVIEDIES 4N ❑EFAULT. Upon �he occurrenc� of any E�en� o� De#ault under any indebtedness, or
<br /> shvu�d Trus�vr fail ta cvmply wi�h �ny o�Tru��vr's obli�a�ians under�his Deed o�Trust, Trustee Qr Lend�r may exercise
<br /> any one ar more v�the fo11a►nring rights and r�medies:
<br /> AG�elerativn Upvn De�au�t;Addi�ivn�� Reme�iies. I#any ��en�❑�D��aul�fl�Gurs as per�he�erms of the Credit
<br /> Agreement secured herei�y, Lender may decfare af1 Indebte�ness secured by�his Deed o�Trust'�a be due and
<br /> payable and �he same sh�l� thereup4n be�om� due and payable wi�hout any presentmen�, demand, pro�est or
<br /> natice o�any kind. Thereafter, Lender may;
<br /> {a� Either in persvn or by agen�, with or withou� bringing any aGtian or proceeding, ❑r ay a receiWer
<br /> appvinted by a court and withaut regard�o the adequacy o� its s�curt�y, enter upon and�ake possession
<br /> of the Prvpertyf vr any part th�reaf, in its �wn name ar in�he name ❑f Trus��e, and dv any ac�s which it
<br /> deems ne�essary ar d�si�-able�o preser�e�he �alue, marke�abifE#y❑r ren�Cabili�y o�the Praper�y, or part of
<br /> �he Prvperty or interest in th� Prvper�y; increase �he incame fi�-om the Prop�r�y nr prv���t�he security of
<br /> the Proper�y; and, with or vvi�Chvu� taking possessinn o� �h� Prvperty, sue ��r or otherwise collec� the
<br /> rents, issues and pra�i�ts ❑f the Prope�-�y, including �hose past due and unpaid, and apply the same, less
<br /> casts and expenses �f opera�ian and �alie�tian a�tarneys' �e��,�a any indeb�edness ���ured by�his Deed
<br /> v� Trust, all in such order as Lender may determ�ne. The entering upon and taking possessivn vf the
<br /> Praper�y, the cc�llection of such rents, issues and prc��i�s, and the appli�a�i�n �herea� shal� n�t cure or
<br /> wai�e any defaul�or notice ❑�default under t�is Deed o�Trus�❑r in�alida�e any act done in response�o
<br /> such de�ault ar�ursuant�a such nvtic� o�default, and, notwi�hstanding�he cantinuan�e in p�ssess�on v�
<br /> the Property vr th� colfectivn. receipt and applica�ian of ren�s, issues ar pra�i�s, Trustee or Lender shall
<br /> be en�itled t❑ exercise e�ery right provided �or in the Gredit Agreemen�or the Relat�d DocumentS ar by
<br /> law u�vn�he c�cGurrence��any e�ent ot de�au�t, in�lud�ng#h�r�gh�ta e��rcise the power Q�F sale;
<br /> tb} Commence an action t�fareclase�his ❑eed ❑�Trus�as a mortgage, appvint a rec�i�er or spe�ifi�a�ly
<br /> enfarce �ny❑�the c��enants hereof; and
<br /> ��� Deli�e�-tv Trustee a wri�en declarat+on o�de�ault an�demand�ar saie and a written natice a�defaul�
<br /> and e[�c�i�n to c�use Trustor's in�erest in t�e �rvperty�o be sa�d, wh4ch na�i�e Trus�e� shall �ause ta be
<br /> duly filed for re�vrd in�the appropriate affices of the Gounfiy in which the Property is Ivcated; and
<br /> �dy 11VE�h resp�ct�n aEl or any part���he Personal Property, Lender shail ha�e a!i the rights and remedies
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