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201900325
<br />(1) Due, prompt and complete observance, performance and discharge of
<br />each and every obligation, covenant and agreement contained in the Secured
<br />Promissory Note between Trustor and Beneficiary dated May 9, 2017 in the
<br />original principal amount of Seventy-five thousand and 00/100 (the "Note")
<br />including, without limitation, all obligations evidenced by the Note as defined
<br />therein, to Beneficiary; and any and all modifications, substitutions, extensions
<br />or renewals of the Note and whether the entire amounts shall have been repaid
<br />in part and;
<br />(2) Due, prompt and complete observance, performance and discharge of
<br />each and every obligation, covenant and agreement of Trustor contained herein;
<br />and
<br />(3) Payment of any other or further indebtedness at any time owing by
<br />Trustor to Beneficiary however the same may be incurred, and in whatever form
<br />it may be, whether contingent or represented by notes, judgments, or otherwise,
<br />and all interest thereon.
<br />(4) Due, prompt and complete observance, performance and discharge of
<br />each and every obligation, including payment obligations, covenants, and
<br />agreements contained in the following: the Promissory Note, Loan Agreement,
<br />and Security Agreement executed by Julie Wright f/k/a Julie Morris d/b/a Blue
<br />Stripe Photography on or about May 9, 2017, the Commercial Guaranty executed
<br />by Julie Wright f/k/a Julie Morris on or about May 9, 2017, any other obligations
<br />to Beneficiary from and this Deed of Trust. Trustor acknowledges and warrants
<br />that Julie Wright, formerly known as Julie Morris, is a member of Trustor, has
<br />an economic interest in this transaction, and has done business under the sole
<br />proprietorship, Blue Stripe Photography. Trustor further acknowledges and
<br />warrants that it has an economic interest in the transaction or transactions
<br />evidenced by the agreements and documents aforementioned in this paragraph.
<br />The foregoing debts and obligations are hereinafter collectively referred to as the
<br />"Obligations") .
<br />ARTICLE I
<br />COVENANTS
<br />Trustor covenants, warrants, represents and agrees to and with Beneficiary and
<br />Trustee as follows:
<br />1.01 Payment of Principal and Interest. Trustor will pay the Obligations
<br />according to the terms thereof.
<br />1.02 Warranty of Title. Trustor owns fee simple title to the Property and is
<br />lawfully seized of the Property hereby conveyed, has the right to grant and convey the
<br />Property, and has good and marketable title to the Property subject to no lien, charge
<br />or encumbrance—except for any such liens or encumbrances disclosed to Beneficiary
<br />in writing; Trustor owns the Fixtures free and clear of liens and claims, except as
<br />permitted under this Deed of Trust; and this Deed of Trust is and will remain a valid
<br />and enforceable lien on the Property subject only to the exceptions referred to below.
<br />Trustor represents and warrants that Trustor has full power and lawful authority to
<br />grant, assign, transfer and mortgage its interest in the Property in the manner and form
<br />hereby done or intended. Trustor will preserve its interest in and title to the Property
<br />and will forever warrant and defend the same to Trustee and will forever warrant and
<br />defend the validity and priority of the lien hereof against the claims of all persons and
<br />parties whomsoever. Trustor shall promptly and completely observe, perform, and
<br />discharge as and when due each and every obligation, covenant and agreement affecting
<br />the Property whether the same is prior and superior or subject and subordinate hereto.
<br />1.03 Further Assurances. Trustor shall, at its own cost and without expense
<br />to Trustee or Beneficiary, promptly execute, acknowledge and deliver, or cause to be
<br />executed, acknowledged and delivered, any and all such further conveyances,
<br />confirmations, instruments or further assurances and consents as Beneficiary may
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