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. � 99- s�ss3o
<br /> 20. SECURITY INTEREST UNDER THE UNIFORM COMMERCIAL CODE. This Deed of Trust shall be considered and be effective as a financing
<br /> statement and a fixture filing pursuant to the provisions of the Uniform Commercial Code (as adopted in the state where the real property is located)
<br /> covering flxtures,chariels,and artides of personal property now owned or hereafter attached to or to be used in connection with the Property together with
<br /> any and all replacements thereof and additions thereto(the"Chattels"),and Grantor hereby grants Lender a security interest in such Chattels. The debtor is
<br /> the Grantor described above. This Deed of Trust will be effective as a finanang statement filed as a fi�ure filing with respect to all fixtures included within
<br /> said premises and is to be filed for record in the real estate records of each county where any part of said premises(including said fixtures)is situated. This
<br /> Deed of Trus1 shall also be effective as a financing statement covering any other premises and may be filed in any other appropriate filing or recording
<br /> office. A carbon,photographic or other reproduction of this Deed of Trust or of any finanang statement relating to this Deed of Trust shall be sufficient as a
<br /> finanang statement for any of the purposes referred to in this Paragraph. The secured party is the Lender described above. Upon demand,Grantor shall
<br /> make, execute and deliver such security agreements (as such term is defined in said Uniform Corm�ercial Code) as Lender at any time may deem
<br /> necessary or proper or required to grant to Lender a perfected security irnerest in the Chattels,and upon Grantor's failure to do so,Lender is authorized to
<br /> sign any such agreement as the agent of Grantor. Grantor hereby authorizes Lender to�le financing statements(as such term is defined in said Uniform
<br /> Corm�eraal Code)with respect to the Chattels,at any time,wflhout the signature of Grantor. Grantor will,however,at any time upon request of Lender,
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<br /> sign such financing statements. Grantor will pay all flling fees for the filing of such financing statements and for the refiling thereof at the iimes required,in
<br /> the opinion of Lender,by said Uniform Commercial Code. If the lien of ihis Deed of Trust be subject to any security agreemern covering the Chattels,then
<br /> in the event of any defauft under this Deed of Trust,all the rigM,title and interest of Grantor in and to any and all of the Chattels is hereby assigned to
<br /> Lender,together with the benefrt of any deposNs or peymerrts now or hereafler made ihereof by GraMor or the predecessors or successors in tnle of
<br /> Grardor in the Property.
<br /> 21. REIMBURSEMENT OF AMOUNTS EXPENDED BY LENDER. Lender,at Lender's option,may expend funds(including attorneys'fees and legal
<br /> expenses)to perform any act required to be taken by Grantor or to exercise any right or remedy of Lender under this Deed of Trust. Upon demand,Grantor
<br /> shall immediately reimburse Lender for all such amounts expended by Lender together with interest thereon at the lower of the highest rate described in any
<br /> Obligation or the highest rate allowed by law from the date of payment until the date of reimbursement. These sums shall be included in the definition of
<br /> Obligations herein and shall be secured by ihe beneficial interest granted herein. If the Obligations are paid after the beginning of publication of notice of
<br /> sale,as herein provided,or in the event Lender shall,at its sole option,pemrt Grarnor to pay any part of the Obligations after the beginrnng of publication of
<br /> notice of sale,as herein provided,then,Grarrior shall pay on demand all expenses incurred by ihe Trustee and Lender in connection with said publication,
<br /> induding reasonable attomeys'fees to the attomeys for the Trustee and for the Lender,and a reasonable fee to the Trustee,and this Deed of Trust shall be
<br /> security for all such expenses and fees.
<br /> 22. APPLICATION OF PAYMENTS. The Trustee shall�y the proceeds of the trustee's sale,first,to the costs and expenses of exercising the power of
<br /> sale and of the sale,induding the payment of the Trustee's ees actually incuRed not to exceed the amount which may be provided for in the Deed of Trust,
<br /> second,to payment of the obligation secured by the Deed of Trust,third,to ihe payment of junior deeds of trust,mortgages or other lienholders,and the
<br /> balance,if any,to the person or persons legally ernitled thereto.
<br /> 23. POWER OF ATTORNEY. Grantor hereby appoints Lender as its attomey-in-fact to endorse Grantor's name on all inslruments and other documents
<br /> pertaining to the Obligations or Deed of Trust. In addition, Lender shall be emitled, but not required,to Qerform any action or execute any document
<br /> required to be taken or executed by Grarrior under this Deed of Trust. Lender'spe rfomran�of such acUon or execution of such documents shall not
<br /> relieve Grantor from any Obligation or cure any default under this Deed of Trust. All powers of ariomey described in this Deed of Trust are coupled with an
<br /> interest and are irrevocable.
<br /> 24. SUBROGATION OF LENDER. Lender shall be subrogated to the rights of the holder of any previous lien, security interest or encumbrance
<br /> discharged with funds advanced by Lender regardless of whether these liens,security interesis or other encumbrances have been released of record.
<br /> 25. COLLECTION COSTS. To the extent pemrtted by law,Grantor agrees to pay Lender's reasonable fees and costs,induding,but not limited to,fees
<br /> and costs of attomeys and other agents (indudin� wrthout limitation paralegals, clerks and consultants), whether or not such attorney or agent is an
<br /> employee of Lender,which are incurred by Lender in collecting any amount due or enforang any right or remedy under this Deed of Trust,whether or not
<br /> suit is brought,including,but not limited to,all fees and costs incurred on appeal,in bankrupicy,and for post-judgment collection actions.
<br /> 26. PARTIAL RELEASE. Lender may release its interest in apo rtion of ihe Property by executing and recording one or more Partial Deeds of
<br /> Reconveyance without affecting its interest m the remaining portion of the Property. Nothing herein shall be deemed to obligate Lender to release any of its
<br /> interest in the Property(except as required under Paragraph 38 or as may be otherwise reqwred by law),nor shall Lender be obligated to release any part
<br /> of the Property if Grantor is in default under this Deed of 7rust. The lien and secu�tty urterest created by the Deed of Trust remain in effect with respect to
<br /> that portion of the property,as defined in the Deed of Trust,that is not the subject of this or any Partial Deed of Reconveyance
<br /> 27. MODIFICATION AND WAIVER. The modification or waiver of any of Grarrtor's Obligations or Lender's rights under this Deed of Trust rrwst be
<br /> contained in a writing signed by Lender. Lender may perform any of Borrower's or Grantor's Obligations,delay or fail to exercise any of its rights or accept
<br /> paymerns from Grantor or anyone other than GraMor without causing a waiver of those Obligations or rights. A waiver on one occasion shall not constitute
<br /> a waiver on any other occasion. Grarrtor's Obli�ations under ihis Deed of Trust shall not be affected if Lender amends,compromises,exchanges,faiis to
<br /> exercise,impairs or releases any of the Obllgations belonging to any Grantor,Borrower or third party or any of its rigMs against any Grantor, Borrower or
<br /> third party or any of the Property. Lender's failure to insist upon sMct performance of any of the Obligations shall not be deemed a wa�ver and Lender shall
<br /> have the right at any time ihereafler to insist upon strict performance.
<br /> 28. SUBSTITUTE TRUSTEE;TRUSTEE LIABILITY;COMPENSATION. In case of the death,inability,refusal to act or absence of the Trustee from the
<br /> state where the real property is located or in case the holder of the Obligations shall desire for any reason to remove the Trustee or any substitute trustee as
<br /> trustee hereunder and to appomt a new lrustee in his place and stead,the holder of the Obligations is hereby granted full power to appoint in writing a
<br /> substitute trustee for said Trustee,and the substitute tn�stee shall,when appoimed,become successor to all rigMs of Trustee hereunder and the same shall
<br /> become vested in him for the purposes and objects of this Deed of Trust with all the power,duties and obligations herein conferred on the Trustee. Trustee
<br /> shall not be liable for any eROr of�udgment or act done by Trustee, or be othervv�se responsible or accountable under any circumstances whatsoever.
<br /> Truslee shall not be personally liable in case of entry by it or anyone acting by virtue of the powers herein granted il upon the Deed of Trust for debts
<br /> contracted or liability or dama�es incurred in the mana�ement or operation of said premises. Trustee shall have the n$ht io rely on any instrument,
<br /> document or signature authorizmg or supporting any action taken or proposed to be taken by it hereunder or believed by it ingoo d faith to be genuine.
<br /> Trustee shall be entitled to reimbursement for expenses incuRed by it in the performance of Ns duties hereunder and to reasonable cort�ensation for such
<br /> of its services hereunder as shall be rendered. Grantor will,from time to time,pay compensation due Trustee hereunder and reimburse Trustee for and
<br /> save and hold it harmless from and against any and all loss,cost,liability,damage and expense whatsoever incurred by it in the performance of its duties.
<br /> All moneys received by Trustee shall,urnil used or applied as hereinprovided,be held in trust for thepurposes for which they were received,but need not
<br /> be segregated in any manner from any other moneys (except to the extem required by law)and Trustee shall be under no liability for interest on any
<br /> moneys received by it hereunder.
<br /> 29. SUCCESSORS AND ASSIGNS. This Deed of Trust shall be bindine upon and inure to the benefrt of Grantor and Lender and their respective
<br /> suxessors,assigns,trustees,receivers,administrators,personal represernatrves,legatees and devisees.
<br /> 30. NOTICES. Except as otherwise required by law,any notice or other cormunication to be provided under this Deed of Trust shall be in writing and sent
<br /> to the parties at the addresses described in this Deed of Trust or such other address as the parties ma designate in writing from time to time. Any such
<br /> notice so given and seM by�rst class mail,postage prepaid,shall be deemed given the earlier of th�ee�3)days after such notice is sent or when received
<br /> by the person to whom such notice is being groen.
<br /> 31. SEVERABILITY. Whenever possible,each provision of this Deed of Trust shall be interpreted so as to be effective and valid under applicable state
<br /> law. If any provision of this Deed of Trust violates the law or is unenforceable,the rest of the Deed of Trust shall continue to be valid and enforceable.
<br /> 32 APPLICABLE LAW. This Deed of Trust shall be govemed by the laws of the state where the real property is located. Unless applicable law provides
<br /> otherwise,Grantor consents to the jurisdiction and venue of any court selected by Lender,in its sole discretion,located in ihat state.
<br /> 33. MISCELLANEOUS. Grantor and Lender agree that time is of the essence. Grantor waives presentment,demand for payment,notice of dishonor and
<br /> protest except as required by law. All references to Grantor in this Deed of Trust shall include allpersons signing below. If there is more than one Grantor,
<br /> their Obligations shall be p' int and several. This Deed of Trust represents the complete integrated understanding between Grantor and Lender pertaining to
<br /> the terms and conditions hereof.
<br /> 34. NO THIRD PARTY RIGHTS. No person is or shall be a third party beneflaary of anyprovision of this Deed of Trust. All provisions of this Deed of
<br /> Trust in favor of Lender are intended solely for the benefit of Lender,and no ihird party shall Ye ernitled to assume or expect ihat Lender will not waive or
<br /> consent to the modification of any provision of this Deed of Trust,in Lender's sole discretion.
<br /> 35. PRESERVATION OF LIABIUTY AND PRIORITY. Wrthout affecting the liabilhy of Borrower,Grantor,or any guararrtor of the Obli$ations,or any other
<br /> person(except a person expressly released in writing)for the payment andperfomiance of the Obligations,and without affecting the nghts of Lender with
<br /> respeci to any Property not expressly released in writing,and without impairfng in any way the priority of this Deed of Trust over the irrterest of any person
<br /> acqwred or first evidenced by recording subsequent to the recor�ng of this Deed of Trust,Lender may,either before or afler the maturity of the Obligations,
<br /> and without notice or consent:release any person liable for paymerri or performance of all or any part of the Obligations;make any agreement altenng the
<br /> terms of payment orperformance of ail or any part of the Obligations;exercise or refrain from exercising or waive any right or rernedy that Lender may have
<br /> under the Deed of Trust;axept additional security of any kind for any of the Obligations;or release or otherwise deal with any real or personal property
<br /> securing the Obligations. Any person acquiring or recording evidence of any interest of any nature in the Property shall be deemed, by acquiring such
<br /> interest or recording any evidence thereof,to have conseMed to all or any such actions by Lender.
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