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<br /> 0�-y5-�999 ��ED OF TRUST /�q � Page 4
<br /> Loan F!o 866814 (GoMinued) / ('"�UQ't3+�bs
<br /> SEt�Fi1TY A�REEiWIIYT;FINANCIldG STATEMENTS. Tt�e foaowinq provtslo�s reladng to tt�Dsed at Tnis4 as a secur�y a�resment are e part o�
<br /> ttt�Deed oi Tn�st.
<br /> Securily Apre2menL This lnstrumont sha9 corutirt�te a security agraement to t�e e�cfent any of the F'toperty constriutes flxtures or other
<br /> persanal property,aru�Lender shsD have aq of the ripAls ef a secured party under tPie Unitarm Cammen.�la1 Code as amended irom dme fo
<br /> tlme. ^ .
<br /> S�ecur9ty In4erest. [�pon request by Lender,7rustor she9 axacut9 financing statements and take whatever ofher aciio�fs requested by lsnder
<br /> to pc,rieck and contlnua Lender's security intsresi In!he Ranls and Persortal Property. In addiUOn to cecording this Doed ot Trust!n tP�B real
<br /> prapa�ty records,Lender may,at any tlme and withaul fixther su.hortratlon irom Trusior,�e executed coun�rparts,copies or reproductlons of
<br /> thfs Deed ot Trent as e 9nancing statemenL Trustw shaA relsnburse Lender for ctA e�e�ues incturad In perfiacUnp or conBnuinq this security
<br /> inteo•est. Upon default,Trustw shM essembte ths Personal Properiy i�i a manner and nt a plece ree�onabty comre�en!to 7rustor and Lender
<br /> and r�eka it avallnble to Lender wlthin thces(3)days after r�ipt of writlen demand from Lender.
<br /> Addtesses. The maiGng addresses of Trustar(debtor)and Lender(sectxed party�,from which informaUon ca�i�cerning the secur}ty lnteres!
<br /> pFe�ted by 4his Deed of TrusY msy t>e obtained(eech as required by the Un'rform Cornmocdal Code),ers as stated on the first pa�e o�tNs Deed
<br /> of Tsus4.
<br /> FURTf�R ASSURAl�iCES; ATT9RNEY-IN-FACT. The t�llcwing proviSlons reia�ng to further esstn'erxes and etlorneyarr-taC4 are e p8rt of thls
<br /> De�d od T�ust ,
<br /> rurther Assurancea. k!any time,and hom dme to dme,upon requost at Lsnd�,Trustor wIN make,execute and deC�ver,or wUl cause to ba
<br /> made, executad cr deUYered, to Lender or to l.endsr's dest�r�ee, and when requeated by lender, cause !o be flled, �ecorded; rolped, or ^
<br /> rerecorded,as the case may he,at such tlrrres artd in such otfic�snd places as Leisder may deem appropriate,any and aA such mortgeges, •
<br /> daeds af trust,securiiy deects,seccxity egreemen'�,tinan�ng ste�ements�corttlnuatlon stateme�ts,InsWmer�ls ot turtl�sssurar�ce�certlM1cates,
<br /> and nthar documents a� may,In!he s�ie aptr�on o!Lender,be necessary or desirable In order to eKectuate,�mplete,perfect,contlnue,or
<br /> preserve (a)tha obliga�ons a!Tr�,tcx under tF�e Note,th45 Deed oP Trust,and ths Related Dxurtrents.and (b)the liens end secitrity Interests
<br /> created by this Deed of Trusf as first snd prirr Rerts on the f'�operty,whether now ewnecl or hersafter acqulred�y Tcttslor. Unless prohtbitsd by
<br /> Iaw or agreed to lhe contrary by Lander In wrYlrtg,Trt�la sha8 refmb�use Lender for ap costs gnd axpenses incurted tn connec�lon wlth the;
<br /> maKers rsferred to in thls paragraph.
<br /> Atlorney-In-Ftect. If Trustor fails to do any�f tt,a th;ngs rsferr�d to In ths preceding paragraph,lendet may do sa tor and in lhe name of
<br /> Trvstor and s!7rJStor's e�er�se. For such purya4os,Trustor heretSy hrevoCably 8ppdrds Lender es Trttst(�5 aHomey-in-faCt tor the purpose
<br /> ot maWng,execuNng, deiivering,filing,recorddng, and ddng aq ofhar things as may be necessary or deshable,i�Lender's sola opinlon,to
<br /> eccompiish ihe maRers referred to In the preceding raraqreph.
<br /> FU1 PERFOfiMA!lCE. If Trustor pays ail the Indebtedness when due,and otherwise aerforrtu ap the obligatlons ImposSC upon Trustor u�sder Ihls
<br /> Deed of Trusi, Lende� shail e�cecute and de��� to Trttstse� 8 request tor futl reCOnveyance yend shsli exeCUle and deliver lo TrUStor suitable
<br /> statements ot iermtnation ai any finandng sffitement on file evidencing le�de�s security inle�t In the Renls and lhe Personal Propetty. Any
<br /> reconveyance f,=e raquired by lav�shall tre paid by Trus4or,if p�miNed by applicable lew.
<br /> DEFAUIT. Each af ihs foqowing,at the aption ef lender,shaR cans&tuie nn eve�t of detat�t('Event of DeisulY�under tMS Deed of Trust:
<br /> - G�lault on]ndebtedness. Fallure of Tr��ar to make any payment when due on the Indebtedness.
<br /> Deteult on Qther Paymtnts. Failure of Trustor withi�the time reqwred by this Deed of Trus!to make any payment for tattes w{nsurance,or
<br /> any other payment r�ecessary to preve�t filing of or to eHect discharge of any Aen.
<br /> Detault in Favor 91 Thfrd Partfes. Should Borcower or any Tntstar d2fauM under any toan,extension of credit,security agrgement,purchase or
<br /> sales agreement, or any oth�x agreement, in favor of any other creditor or person ihat mey materially aHect any of Borrower's property or
<br /> Borrowers or any TrustiWs abil'�ty to repay the Loarts or per!orm thel�resQective obNgations under lhis Deed of Trust or any oi the Related
<br /> DoCUmenis.
<br /> Compliance Defnult. Feilu�e of Trusiar to compry with any other t3rm, obliga8on,covenant or condftlan conlained In th(s Deed of Trust,Ihe
<br /> Note or In 9ny of the Reialod Documents.
<br /> False Stetemtnis. Any warranty,represenlation or stalemenl mada or furnfshed fo lender by or on behaif of Trustor under this Deed of Trusl,
<br /> ti�e Note or�ho Related Documen!s is fial�se or misleading in any matarial respect,either now ot at the tlme made or furnished.
<br /> Defective Collaterotl2nUen. This Dec+d of Trust or any of ihe Related Docume�its ceases io be in tutl torce and eNect(inctuding failure oi any
<br /> callateral documents to create a��alld and periected sectxity interest or fien)a1 any 8me and for any reason.
<br /> Death or Insoivtncy. The death ot Trusfor or the dissoiudon w termfnatlon of 7rustors exlsl�nce as a going buslness, the insoivency of
<br /> Trusta,the appointment ot a receiver lor any part of Trustq's property,any assignment for the benefit of Credit�rs,any type oi Creditor workout,
<br /> or the commer.cement of a�y proceedtng under any benkruplcy or insdvency laws by or agalrtst Tn�stor. .
<br /> Foreclosure,Forfeifure,etc. Commencement ot torec!osure or forfeittxe proc�edings,whelher by judicial proceeding,selhh�9lp,repossesslon ,.
<br /> or any other method,by any crE�ditor of Trus4or w by any povemmental ager�y against any of the Property. However,fhis subsecdcn shail not
<br /> appiy in the event oi a good faiRh dispute by Trustor as to the vBNdity or reasonahleness of tha datm whiCh fs!he basis ot the foredp5ure or
<br /> forefeiture proceeding,provided ihat Tnsslor gives lender wrtften noUc:e o(such de:m and fumishes resarves or a surety bond for the claim
<br /> satisfactory io Lender.
<br /> • Breach ot Other A�reement. Any breach by Trustor under the terms of any other agraement between Trustor and lender that Is not remedied
<br /> wilhfn any grace period provided tt�erein,including without Rmltetlon any agraement cance►ning any indebiedness or olher obligetlon ot Trustor
<br /> fo Lender,whether exisfing now or later.
<br /> Events Attettlnp Guarontor. Any ot the preceding events occurs with respect io any vuarantor of any c'�►+e Indebledn�s a any Guarentor
<br /> dies or becomes incompetent,or revokes or dispu;es the velidity of,or NabHity under,any Guarar.ty ot the indebtedness.�L9nder,at its optio�,
<br /> may, bui shai! not be rsquired to, permlt the Guarantor's estate to assurtoe unconditlonallyy the obligallons arfsing under the guaranty In a
<br /> manner satisfactory to Lender,and,fn ddng so,cure Y�Event ot Defautt.
<br /> Ad�erae Change. A material adverse change occ,nz in TruStors flnanclal condiUon, or Lender heUeves the prospect of payment or
<br /> periormance of the indebtsdness Is lmpalred.
<br /> Insecurity. Lsnder in good faith deems itself iruscure.
<br /> Right to Cure. It such a failure is curable and if Trustor has no!been give�a noUce of a breach of Ihe same proWsion of this Deed ot Trust
<br /> wi�hin fho preceoing twetve (12)monlhs, it may be cured(and no Evenl ot Default wiA heve occurted)it Tn�slor,afler Lender sends writlen
<br /> notice dsmandir;g cure of such faiiure: ja)cures the talure within 5fteen (15)days;or (t+)N the cure requlres more than fiflesn(15)deys,
<br /> Immediately ini6ates sfeps sufficienl to c�re the tailure and thereaNer contl�ues and completes ap reasonabie and necessary sieps sufficient 10
<br /> produce compl'�ance as soon as reasonabty practicai.
<br /> RIGMTS AND REMEDIES ON DEFAIAT. Uporr the occurrence of any Event of Detaull and et�ny tlme thereafter,Trustee w Lender,al Ms opHon,
<br /> may exerciso any one w more ot the fo0owing rights and remedies,In additlon To any other rights or remsdfes provlded by law:
<br /> Acceieratton upon Uefault; Ac1dlttonal Remedlea. it any event of detauit occurs as per the terms of the Note secured hereby,Lendar may
<br /> dactare all indebtedness secured by thts Dee�ot Trust io be due and payable and the same shall Ihereupon bdcome due and payeble wilhouf
<br /> any pressnlment,demand,protest or notice of any klnd. Thereafler,Lender may:
<br /> (a) Either fn person or by agent,wRh or without bringing any acUon or proceeding,w by a receiver appdnted by a caurt and withoul
<br /> regard to Ihe adequacy ot its seCUrity,eMe�upon and take possassion of the Property,or any part thereoi,In its own neme Or In the name
<br /> o(Trustee,and do any acts which It deems necessary or deskabie to preserve the value,markelabpity or renlablNty of the Property,or part
<br /> of Ihe Property or fnterost tn the Prcperly;increase the income Irom ths Property or prolect the security of fhe Property;a�•�.wfth or without
<br /> lakinq possession of fho Property,sue for or otherwfse copeCt the rents,fssues and proflfs or itre PropeAy,IndudlnQ thosd past due and
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<br /> unpald,end appy the same,less cosis and expen.ses o!op9ra8on and collectlor.,Indudlnp attorneys'tees,te any indeblednegg secured
<br /> by tnis Deed o1 Trust,ad i�such ader as Lend�r may deterrtdne. The entertng upon and taWng possession of the Property,the cdleCdon
<br /> ot such renls,issues and profits,and the app,5cadon tt�eof st�aA not cixe or wafva arry detault or notke ot defeuH under Ihis Deed o(Trust
<br /> cx invalidate any ad done tn response to such defautt a pursuant �such naNce o1 dalault; and, notwithstanding the condnuance In
<br /> possession of ihe Property cx lhe coPJecHon, receipt end appRcatlon oi rents, Issues or proRts,Trustee or Lender shall be endtled to
<br /> exerc3se every right provided for in the Nole cx t!��Related Documenls or by law upon the occurtenos of srry event of defa�i,induding!he
<br /> right to exerase the porber af sale; �
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