2� 17�2214
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<br /> DEED �F TRU�T �
<br /> �Cot'�t[nu�d} Page 4
<br /> Taxes. The foilowing shalf constitute tax�s to which this s�:c�ion applies: {'i} a specific tax upon �his type of
<br /> D��d of Trust or upon at� or any part of th� �ndebt�dness s��ured by this aeed of Trus�; {�} a specific tax on
<br /> Trus�or whi�h Trus�ar is autho�-iz�d or required to deduct from payments on the fndebtedness secu�ed by�his type
<br /> of Deed �-F Trustf {3} a�ax❑n th�s�ype of De�d of Trus�chargeable agains�the Lender or�he holde�o�the Credit
<br /> Agreemen�; and [47 a spe�ific �ax an all ❑r any por-tion of the Indebtedn�ss or on payments o� przncipal and
<br /> znterest made by Trustar.
<br /> Subsequent Taxes. If any tax t❑ which fhis sectivn applies is enacfed subsequent �o fhe da�e o� this ❑eed o�
<br /> Trus�� this event shaII have �he same e�fiec� as an Event of D��ault, and Lender may exercise any or all of its
<br /> a�ailable remedies for an Even� ❑� Defau�t as pro�ided belaw unless Trustor esther �1� pays the tax bef�re it
<br /> becames delinquent, or {�} con�ests fhe tax as pra�ided abvve in the Taxes and Liens sec�ion and depasits wi�h
<br /> Lender cash �r a sufficient�vrporat�surety k�and or o�her security satisfac�ory ta Lender.
<br /> SECURITY AGREEMENT; FiNANC1NG STATEMENTS. The faiIowing pro�isions rela�ing ta this D�ed af Trust as a
<br /> se�urity agr��ment are a part❑f�his Deed af Trust:
<br /> Security Agreement. This instrument shall constitute a Securi�y Agr�emen� to the extent any o� the Property
<br /> constitutes�Fix�ures, and Lender shall ha�e a1I of�he rights of a se�ured party under�he �ni�o�m Commercial Gode
<br /> as amended from time to time. �
<br /> Se�urity Interest. Up�n reques� by Lender, Trustor shaII tak� whate�e� a��inn is requested by Lender to per#ec�
<br /> and continue Lender's security int�res�in the PersonaI Property. In additson t❑ recording this �e�d of Trust in the
<br /> real property records, Lender may, a� any time and without further authorzzation firom Trustor, �File execu�ed
<br /> counterparts, capies ❑r reproductions o� this Deed of Trus� as a financing statemen�. Trustar sha1I �eimburse
<br /> Lender for aII expenses incurred in per-Fecting or cantinuing �his security interest. Up�n de�FauIt, Trustor shall na�
<br /> rgmo��, se�er ar detach the P�rs�nal Property from the Property. Up�n default, Trustor shaII assemble any
<br /> Personaf Prvperty not affixed t❑ fhe Property in a manner and at a place rea�onably convenient to Trust�r and
<br /> . Lender and make i� a�a�lable �o Lender wi�hin �hree {3} days after receipt ❑-F w�-itt�n demand from Lender �v -�he
<br /> extent permitked by appficable Iaw.
<br /> Addresses. Th� mailing addresses of Trustar {debtar} and Lender {s�cured party� �rom which information
<br /> �oncerning the security interest gran�ed by this Deed of Trust may be obtained �each as required by the Uniform
<br /> Commercia� Code} are as sta�ed on the first page o��his ❑eed a�Trus�.
<br /> FURTHER ASSURANCES; ATT�RNEY-CN-FACT. The foI�owing pra�isions rela�ing to fiurther assurances and
<br /> attorney-in-fac�are a part vf thi� Deed of Trust:
<br /> Furthe�Assurances. A�any�ime, and �rom time to tim�, upon request of Lender, Trustor wiII mak�, execufie and
<br /> de�i�er, or wiII cause to b�made, �xecut�d or deliver�d,to Lender or to Lender's designee, and when reques�ed by
<br /> Lend�r, cause to he �iledr re�orded� r�filedr or rerecorded, as the case may be, a�such �im�s and in such of�ices
<br /> and places as Lend�r may deem appropriat�, any and a1I such mortgages, de�ds ofi trust, security deeds, securi�y
<br /> agreements, financing s�at�ments, �onfinuation sta�ements, instrumen�s o�F furth�r assurance, certifica�es, and
<br /> other documents as may, in�he saIe opinian of L�nde�, be neces�ary or desirable in order to effec�ua�e, complete�
<br /> perf�c�, cantinue, or preserve (�� Trusfior's obIigations under�he Credi�Agr�ement, �his Deed o�T�ust, and the
<br /> Related Documen�ts, and (�� �khe liens and security inter�sts created by �his Deed ❑� Trus� on �he Praperty,
<br /> whether now owned or hereafter acqu��ed by Trusto�-. Unless prohibited by Iaw or Lend�r agrees to�he contrary in
<br /> wri�ing, Trus�or shaII �eimburse Lender�ar aII cos�s and expenses incurred in cannection with the mat�ers r�ferred
<br /> .to in this paragraph.
<br /> Attorney-in�Fact. I�Trustor�aiIs to do any af the things �-eferred �o in �he preceding paragraph, Lender may do so
<br /> �o� and in the name ❑�Trustor and at Trustor's expense. For such purposes, Trustor het-eby irrevacably appoints
<br /> Lender as Trustor's attorney-in-�act�ar the purpose of making, executing, deli�ering,fiIing, recording, and daing all
<br /> o�her things as may be n�cessary o� deszrable, in Lender's sole opinion, �o ac�omplish �h� matrers referred to in
<br /> the preceding paragraph.
<br /> FULL PERF�RMANCE. If Trustor pays all the Indehtedness when du�,�erminates the credit Iine accoun�. and other-wise
<br /> per�arms al! the obIigati�ns imposed upon Trustor under�his ❑eed of Trus�, Lender sha1l�execu�e and deli�er�❑Trustee
<br /> a reques� for fuII recon�eyance and shall execute and deli��r t❑ Trustor suitable stat�ments o� termination of any
<br /> financing s�a�emen� on file evidencing Lender's security int�rest in the Rents and the Pe�-sonal Property. Any
<br /> recon�eyance��e required by Iaw shaff be paid by Trus�or, i�F permitt�d by appIicable Eaw.
<br /> EVENTS �F DEFAULT. Trustor wiii be in de-Fault und�r this �eed of Trust i�any o�the foIIawin� happen: {A� Trus�o�-
<br /> commi�s �raud ❑r make� a material misrepresentation a� any �ime in connection wi�h �he Credi�Agreemen�. This can
<br /> inc�ude, for example, a faIs� sta�emenf abou� Trusfor;s income, assets, Iiabilities� or any o�her aspects of Trustor's
<br /> financ�al cond�tion. {B} Trus�tot-does not meet the rgpaym�nt�erms o�F the Credit Agreement. [C} Trustor's action or
<br /> ina�tion adversely affects fhe callateral or L�nderts righ�s in �he cvllateraI. This can inc�ude, for exampje, �ailure �o
<br /> maintain required insurance, waste or destructive use o�the dwellingr�aiIure to pay�ax�s, death of all persons liab�e on
<br /> the acc�unt, transfer of title or safe ��F the dwelling, �r�ation of a senio�- li�n on the dwelling without Lender'�
<br /> permission,�Fore�losure by the holder af ano�her lien, or�he use of funds or the dwelIing�For prahibited purposes.
<br /> RIGHTS AND REME�IES ON ❑EFAULT. if an Even� o-��efauIt occurs unde�this Deed of T�us�� a�any�im�thereafterr
<br /> Trustee or L�nder may exer�i�e any one ar more af th�foIl�wing righ�s and remedies.
<br /> Acce[era#ivn Upvn ❑efault�Additivnal Remed'res. 1�any E�ent❑�❑efau�t occurs as per the�erms ���he Credit
<br /> Agre�ment secured he�-eby, Lender may decIare a1� �ndeb�edness se�ured by this Deed of Trust�o be due and
<br /> payabI� and the same shali�hereupon become due and payable without any presentment, demand, pr-afest or
<br /> � no�i�e o-F any kind. Thereafter, Lender may:
<br /> �a} Either in persan ar by agen�, wi�h or with�u� bringing any actian nr proceeding, or by a receiver
<br /> appointed by a court and wi�hou�regard to fih� adequacy of its se�ur�ty, enter upon and take possession
<br /> of�he Property, or any part thereo�, in its�wn name❑r in the name❑f Trust�e, and do any acfs whi�h i�
<br /> deems necessary or desirable to preserve�he�alue, marke�ability or rentabili�y of�he Propertyr ❑r part��
<br /> � �he Property or interest in fhe Properky; increas�the income �Fram the Praperty or prote�t�he secur��y ❑�
<br /> the Property; and, with or withau� taking po�session o� the.Property, sue �For or otherwise collect the
<br /> rentsr issues and pr�fits o�the Properky, incfuding those past du� and unpaidr and apply the same, Iess
<br /> casts and expenses of operation and collec�i�n at�orneys`fees,ta any indeb�edness secured by�his Deed
<br /> ❑�Trust, aE� in such �rder as Lende�r may de�ermin�. The ent�ring upnn and taking possessian ❑f �he
<br /> Praperty, the �oliec�ion of such renfs, issues and pro��ts, and the application �hereo� shall no� cure v�
<br /> waiv� any default ar noti�e of de�auft under�hi� D�ed of Tru�t❑r in�alidate any acf done in response�o
<br /> such defaul�or pursuant�v such nofiice of d�fauIt; and, no�withstanding the continuan�e in possession o�
<br /> the Property ❑r�he �otlection, receipt and appIi�a�ion of ren�sr issues ❑r protits, Trustee ar Lender shal�
<br /> . b� entitled �❑ �xer�ise er�ery righf provided �ar in �h� Credit Agr�emen�or�he R.eIa�ed ❑ocuments ❑r by
<br /> Caw upvn fhe occurrence of any even�v�default, including the right ta exercise�he power of sale;
<br /> �b} Commence an action t❑��reaIose this Deed of Trust as a mortgage, appoint a receiv�r❑r specificaIIy
<br /> enforce any o�the cavenants her�af; and
<br /> {�} I�eli�er-to Trustee a writken declaration ❑�defauIt and demand fo�sale and a written notice�f default
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