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2� 17�271 �
<br /> DEED �F TRUST
<br /> Loara Na; 7��3��4��� ��antinued} Page �
<br /> exten�permi�ted by applicabie law.
<br /> Addresses. The mailing addresses o� Trustor �dela��r} and Lender tsecured party} fram whEch �n�ormation
<br /> con�erning �he security in�erest gran�ed by this De�d o�Trust may be abtained �each as requir�d by �he Uni�orm
<br /> Commerc�al Codef are as stated�n the�irst page of�his �3eed❑�Trust.
<br /> FURTHER ASSURANCES; A7T�RNEY-fN-FACT. Th� '�ollawing pro�isions rela�in� �❑ further assurancas and
<br /> afitorney-in-fact are a part v�.this Deed vf Trus�:
<br /> Further Assurances. At any time, and from time �❑ t�me. upvn reques�af Lender� Trustar w�ll make� execute and
<br /> deliver. ❑r will cause�o be made. �xecuted or de�i�ered. to Lender or�❑ Lender's desFgnee. and wF�en r�quested by
<br /> Lender, cause ta be #iled, r�ca�ded, ��fi�ed, �r ���-ecflr�led, as th� �ase may he, at such times and in suc� v�fices
<br /> and pla�es as L�nder may deem apprr�priate, any and afl such mortgages, deeds a���-us�, security deeds, securEty
<br /> agreemen�s, �inancing statements, con�inuation statements, instrumen�s a� fur�th�r assurance, certifiGa�es, and
<br /> o�her dacumsnts as may. in the sole opinivn ❑�Lender, be nscessary or desirable in arder tv e��ec�uate. complete,
<br /> per�ect, continue, or preser�e {1 y Barrow�r's and Trustor's ob[igatians und�r the Note, this Deed of Trust, and
<br /> the Reia�ed Dacumen�s, and ��� the �iens and se�urity interests creat�d by this D��d vf T�ust as #irst a�d priflr
<br /> Eiens on th� Property, whether now owned or hereafter acquired by Trustor. EJnless prahibited by law or Lender
<br /> agr�es fi� �he �ontrary �n writing, T�ustor shal! reiml�urs� Lender fvr al! �vsts and expenses incurred Fn connec�ion
<br /> with the mafiters rs�erred�o in this paragraph.
<br /> Attorney-in-Fa�t. !f Trus�ar fai�s to do any of�he things referr�d to in tf�e precedin� paragraph, Lender may do so
<br /> for and �n the nams o�Trusto� and at Trustor's expense. For such purposes, Trustor hereby irrevocably appoin�s
<br /> L�nder as Trus�or's attor�ey-in--�a�t tor the pu�pose a�making, executing� deli��ring, �ilingr r�cording, and doing a!I
<br /> vther things as may be necessary or desirable� in Lender's sal� �p�n��n, �o accamplish the matters refierred to in
<br /> t{�e precedir�g paragraph.
<br /> FULL PERF�RMANCE. !� Barra►rver and Trus#or pay ail the Indebtedness, including wi�hout limitation alf future
<br /> advances, when due. and Trustor otherv+rise perfvrms ali�he ob�igatians impased upon Trustor under this �eed a�Trus�,
<br /> Lender shall execute and deli�er to Trus�ee a reques� �ar �ull recanveyance a�d shal� execute and deli�er �a Trustor
<br /> suitab4e statemer�ts of�erm�nation of any ftnancing statemen� ❑n file e�iden�ing �e�der's security interest in the Ren�s
<br /> and the Persor�a� Praper�y. Any recon�eyance fee required by law shail be paid by Trustvr, i� permitted by appli�abie
<br /> faw. .
<br /> EVENTS �F DEFAULT. Each o�the fallowing, a� Lender's optian, shali constitute an E�en� a� Default under#his Deed
<br /> o�Trus�:
<br /> Paymen�Defau[�. Bvrrower fails to make ar�y payment when due under the Indebtedness.
<br /> Qther De#aults. Barrawer ar Trustor #ails �a cvmp�y wi�� ar �a p���fl�m any other term, o�l�gation, cv�enan-� dr
<br /> condi�i�n cantained in�his ❑eed n�Trust or in any of the Related Documents vr�❑ �vmpiy with ar �o perform any
<br /> �erm, ❑bligation, co�enant or condition c�ntained in any o�her agreement�e�ween Lender and garrower or Trustor.
<br /> Compliance Detau�t. Fai�ure tv comply with any other �erm, abliga�ian, �a�enan� ❑r �ondition can�ained in this
<br /> Deed o�Trust, th� lVote or in any o��he Related Documents.
<br /> Default on Dther Payments. Fai�ure��f Trustor within the tima required by this Deed o�Trust�v make any payment
<br /> �For�axes or insurance, or any❑ther payment necessary to pre�er�t filing of or�a e��ect discharge ofi any lien.
<br /> False S�a��ments. Any warran�y, r�pr�sent�tEar� vr statement made or furnished �o Lender by Borrvwer or Trustor
<br /> or on B�rrower's nr Trustor's behal� under this Deed �f Trust or the Related Dacuments is false or misleading in
<br /> any material respe�t, either now ❑r at the �ime made or �urnished ❑r becomes �aise ar mis�aading at any time
<br /> �hereaf�er.
<br /> [3eTectiWe Caf�ateralizativn. This Deed v# Trust or any of �he R�tated Documents ceases �❑ be in #ull �vrce and
<br /> e��e�t �in�luding failure o� any cvllateral documer�t to create a �aEid ar�d perfe�ted se�uri�ty interes� or lien} a� any
<br /> time and for any reason.
<br /> Death nr Insolvency. The dissolution o-F Trus�tvr's �regardless of w�ether ei�ction to continue is made�, any
<br /> m�mber wi�hdr�ws from the I�mi�ed liability cvmpany, ar any other terminati�n a�Borrow�r's or Trust�r's existence
<br /> as a g�ing business or tY�e death of any member� the insolW�r�cy of Borrower �r Trustvr, �he appo€ntment o� a
<br /> receiW�r �ar any par� of Bnrrower`s or Trus�or's praperty. any assignment�vr the benefit af c�editars� any type ❑f
<br /> cr�d�tflr work�ut, or'�he cammencemen�❑# any prace�ding under at�y bankruptcy ❑r insal�ency laws fay or against
<br /> Sorrower❑r Trus��r.
<br /> Credito� fl� For#e�ture Pr�ceedtngs. C�mmen�ement of forec�as��e or far�e4ture prac�edings, v�rhe�her by jud�ciaf
<br /> proceeding, seif-he[p� repossessifln or any other method, by any credi�or ot 6orrawer nr Trus�or vr by any
<br /> �overnmen�a� agency against any property se�uring �he Ir�de�tedness. This includes a garnishment of any o�
<br /> garrvwer's or Trus�or's accounts, in�luding depasi� accounts, with Lender. Hvwe�er, this E�ent of De�aul� shali
<br /> nat appFy i�thsre is a goad faith dEspute by Borrower ❑r Trustar as to �he �alidi�y �r r�asonableness ❑f the claim
<br /> whi�h i� the basis of the �reditor�r�or�Fe��u�e proceeding and i# B��rawer n�T�Us�vr c�i�es Lender wri���n n��ice flf
<br /> �h� creditor ar tvrfeiture proceeding and depvsi�s with L�nder mvnies or a sur�ty band fvr the creditor❑r far�eiture
<br /> prac�eding, in an amaunt determined by Lender, in i'ts soie discretion, as being an adequate reserWe�r bond�o�the
<br /> disput�.
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