2� 17�25� 1
<br /> �EE�a �F TRusT
<br /> ���nttxlu��} P�ge 4
<br /> Taxes. The fvilawing sha�� can�t�tute taxes to which this section applies: ('I} a specific tax upon this type o-F
<br /> De��f of Trust or upon al� ar any part af th� Indebtedness secured by this Deed a�Trus�; [2y a specific tax ❑n
<br /> Trustvr which Trustor is autharized ❑r requir�d to deduct from paymen�s.on the lndebfedness secured by this type
<br /> o�F Deed at Trust; �3} a tax❑n th�s�ype a�F Deed ❑-F Trust chargea�Ie against the Lender or�he hoIder a�the �redit
<br /> Agreement; and �4-} a spe�ific tax on a1I or any portion of �he lndebtedness or on paymen�s ❑f principal and
<br /> in�erest made by Trustor.
<br /> Subsequent Taxes. !� any #ax �a which this section �pplies is enac�ed subsequen� to the da�e o� �his l�eed of -
<br /> Trust, this e�ent shaI� ha�e the same effec� as an Even� of I�efault, and Lend�r may exercis� any or all ❑-F its
<br /> a�aiIabl� �emedies�-�or an E�ent ❑�F De�Fault as pra�ided bei�w unless Trust�r either �'I} pays �he �ax before it
<br /> becomes deI"rnquen�, ar ��} con�ests the�ax as prorrided �ba�e ln the Taxes and Liens s�c�ion and deposl�� wi�h
<br /> Lender cash or a sufficient corporate surety bond or o�her s�cur'rty satisfactory ta Lender. .
<br /> SEGURiTY AGREEMENT; FI�IANGI�VG STATEME�TS. The foIIowing pro�isians re[a#ing t❑ this aeed o� Trust as a
<br /> �ecurity agreement are a part❑�this De�d of Trust:
<br /> Security Agre�ment. This inst�um�nt shafl constitute a Security Agreement fa the ext�n� any of th� P�operty
<br /> constitutes fixtures, and Lender sha�[ have all a-F�he righ�s ❑f a secur�d party under the Uni-�orm Commercial Code
<br />� as amend�d�ram�kime to time.
<br /> S�curity Interest. Upvn requ�st by Lender, Trustor ��a�1 �aI�e whatever ac��on is requested by Lender`to per�Fec�
<br /> and continue Lender`s security inte�-est in�he Personal Property. In additivn�o record�ng �his De�d of Trus�in the
<br /> rea[ property reca�d�, Lender may, at any time and withaut further au�harization �rom Trusto�-, �File execu�ed
<br /> caun�erparts, co�ies o�- reproductions �� '�I"1I5 Deed o� Trus� as a �inancing statemen�. Trustor sha!! reimburse
<br /> Lender-For a1I expenses incurred in perfecting ❑r�con�tnuing this security inte�est. L]pon defauI�, Trus�or shaII na�
<br /> remave� sever or detac� the PersonaI Property from �he Properry. Upon de�Fau�tr Trust�r shaf� assemble any
<br /> Personal Prvperty not af�ixed ta the Praperty in a manner and af a place reasonab[y can�enient -�o Trustar and
<br /> Lende� and make it a�ailable �o Lender within three {3� days �fter receipt ofi writken demand fr�m Lender�o the
<br /> ex�ent permil-ted by appIicable Iaw.
<br /> A�[dres�es. The ma�[ing addresses of Trustor {debtor} an�t Lender �secured party} �rom which int�rmation
<br />' concerning the security interest granted �y this ❑ee� of Trust may be ob�ained �each as required by the Uni�o�m
<br /> Cammercial Cade} are as s�ated on the firs�page of this Deed of Trust.
<br /> FURTHER ASSURANCES; ATTOR�VEY-IIV-FACT. Th� �allaw�ng p�vrrisions relating to �Further assurances and
<br /> attarney-in--fact at�e a part o�this Deed of Trust:
<br /> Further Assu�ances, At any timet and fram tim�ta time� upon reques�of L�nder, Trustar wiII make, execute and
<br /> de�i�er, or wifl cause to be made, executed or defivered,to Lender ar tv Lenderr�designee, and wf�en requested by
<br /> L�nder, cause t❑ be fi��d� recorded, refiied, or r�recorded, as �he case may be, at such times and in such offices
<br /> and pIaces as Lend�r may deem appropriat�, any and aII such martgages, deeds of trust, security deeds, security
<br /> agreements, financxng s�atements, con�Ginuativn stafemenfs, instrumen�s of further assurance, certificates, and
<br /> other dacuments as may. in�he sole �pinian o�F Lender� be necessary ❑r desirable in �rder to effec�uate. compl�ter
<br /> perfect, continue� or preserrre {1} Trustor's obfiga#ions under the Ctedit Agreement, this Deed o-F Trus�� and the
<br /> ReIa�ed Documents� and {�� the liens and s�curity in�erests c�eated by this Deed o-F Trus� ❑n the Pr�pertyr
<br /> whether now owned or h�reafter acquired by Trustor. Untess prohibi�ed by�aw or Lender ag�ees to the con�rary in
<br /> wr"rting, Trustor shali reimbu�se Lender�or aII casts and expenses �ncurred in cvnnection with fhe matters referred
<br /> to in this paragraph.
<br /> Attorney-in-Fact. If T�rustoT fails to da any o-F the things referred t❑ in t�re pre�eding paragraph, L�nder may d❑ sa
<br /> fvr and �n �he name vf Trustor and at Trustor's expense. For such purposes, Trusto� hereby ir�evocabfy a�poin�s
<br /> L�nder as Trustvr's at�orn�y-in--tact for the purpose o�making, executingr deIi�er�ingr f!�lCly� recording■ and dving a11
<br /> vther things as may be necessary vr desirable, in Lenderrs sole opin�on, to a�cvmpIish the matters referred t❑ in
<br /> the precedin� paragraph. .
<br /> FULL PEI�F�RMANGE. If Trustor pays afI the Inde�tedness when due�term�nat�s the credi�Iin�a�count� and othe�-wise
<br /> performs aI�t�he obiigations imposed up�n Trustor under�his Deed af T�ust, Lender shaI1 execute and deIi�er to Trustee
<br /> a request far fu11 recon�eyance and sha�I exe�ufie and de[i�er �o Trustor suztable statements ❑f �ermination of any
<br /> financing s�a�ement ❑n file ��idencing L�nder's se�urit}r intere�t in the Ren�s and '�he P�rsonaI Property. Any
<br /> recanveyance fee required by Iaw shafl be paid by Trus-�or� i�permit�ed by appli�abfe Iaw.
<br /> EVENT� QF DEFAULT. Trustor will be in de-Fau��under this Dsed of Trust i�any of�he fallowing happen: (A} Trus�or
<br /> cammits fraud or makes a material misrep�resentafion a� any time in cQnnecti�n with the Credi�agreem�nt. This can
<br /> include, for example, a �aise sta�ement abaut Trustar's incamer assets. llabiIities, vr any other aspect$ of Trus�or's
<br /> financia� condition. {6� Trustar does not mee�the repayment t�rms o��he Credit Agreement. �C} Tr�ustor's action ❑r
<br /> inaction adversely affec�s �he coffa�eral ar Lenderts righ�s in the co�IateraI. This can inc�ude{ for �xampfe, �ailure fio
<br /> maintain required ;nsurance,was�e vr destruc�Ive use of th�dw�]ling,failu�e�n pay�axes� death of aII persons Iiable on
<br /> the account, �ransfer of ti�Ie or saIe o� the dwelIing� creatian of a senior Iien on the dwelling wi�h�ut L�nder's
<br /> permissionr-�or�cIosure by the hoid�r❑-�ano�her fien, or�Che use of funds ar the dwelfing fflr pr�hibited purpases.
<br /> RI�HTS AN❑ REItillEF3�E� flN DEFAULT. if an E�ent of DefauIt❑ccurs unde�this Deed o-�Tt�ust, at any time thereafker,
<br /> Trustee or Lender may exercise any❑ne ar more�f the foIIow'tng rights and remedie�:
<br /> �4�ceieration Upon DefauIt;AdditianaI Remedies. If any E�ent of�]efauI��ccurs as per the ferms af the Cr�dit
<br /> Agreement secured hereb}� Lender may de�[are aE� lndeI��tedness seGured by thi�Deed n�T�ust to �e due and
<br /> - payable and the same shall thereupon be�ame due and payabl�w�thout any presen-�men�, d�mand, pro�es�or
<br /> notice❑f any [�in�i. Thereafter, Lender may:
<br /> �a) Either in persan or by ag�n�, with or withaut bringing any �c�ion or proceeding, or by a rec�iver
<br /> appointed by a court and without r�gard ta�the adequacy a�F its security, enter upon and take possessian
<br /> n�the Property, ar any part thereof, in its own name or in the name of Trustee, and do any acts which i�
<br /> dsems necessary or desirable to preserve the�aluer marke�abi�ity or rentabi[ity❑�F the Prope�yr or par�af
<br /> the Property or in�eres�in the Property; increase the income fram the Property ❑r pra�ect the security of
<br /> the Property; and, with ar withaut t�king possession o� the Property, sue far or o-�herwise co�lect the
<br /> rents, issues and protits af the Property, including �hose past due and unpaid, and apply�h� same, Ies�
<br /> casts and expenses afi np�ratian and �ollec�ion attorneysr�ees,to any inde�tedne�s�e�ured by thi$ �eed
<br /> of Trust. aff in �u�h ord�r as Lender may determine. Th� en�er'rng upon and taking passessian of the
<br /> Praperty, �he callec�ion v� such ren�s, issu�s and prvfits, and the appIication thereaf shaIl not cure or
<br /> waive any defauit❑r notice of default under this Deed of Trust or invaiidafie any ac�done in response�o
<br /> such defauIt or pursuant t❑such no�i�e❑f defauIt;and, natwithstanding-�he continuance in �assession o�
<br /> th� Properry ❑r the colie�tion, receip� and appIi�a��an o�F rents, issues ar profi�s� Trus�ee ar L�nder shaII
<br /> b� entitled to exerc3se e�ery righ� pravided fvr in the Credi�Agreem�nt❑r�he Related ❑o�umen�s ❑r- by
<br /> Zaw upan the o�currence o�F any event❑�F defau[t{ incIuding�he right t❑ e�cercise#�e power of saIe�
<br /> {b} Commence an�actian ta f�reclose-�his Deed af Trust as a martga�e, appoint a recei�e�or speci�Ficalfy
<br /> �nforce any af the cavenan�s hereo�; and
<br /> {c} DeIiver t❑Trus�ee a written declaratlon❑-F defiault and demand for saIe and a written na-��ce a-F defau��
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