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20. SECURITY INTEREST UNDER THE UNIFORM COMMERCIAL CODE. This Deed of Trust shall be considered and be effectNe aa a flnandng
<br /> statemem and a flxture filing pursuaM to the provisions of the Uniform Commerdal Code (as adopted in the state where the real property is locatecn
<br /> covering fixtures,chattels,and articles of personal property now owned or hereafter attached to or to be used in connection with the Property together with
<br /> any and all replacemerrts thereof and additions thereto(the"Chattels"),and Grantor hereby grarns Lender a security irrterest in such Chattels. The debtor is
<br /> ihe Grantor described above. This Deed of Trust will be effective as a finandng statemerrt filed as a fixture filing with respect to all fixtures included wfthin
<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 Trust shall also be effective as a financing statement covering any other premises and may be filed in any other appropriate filing or recording
<br /> oifice. A carbon,photographic or other reproduction of this Deed of Trust or of any financing statement relating to this Deed of Trust shall be sufficient as a
<br /> financing statemeM 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 Cornmercial Code) as Lender at any time may deem
<br /> necessary or proper or required to grant to Lender a perfected security interest 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 file financing statemenis(as such terrn is defined in said Uniform
<br /> Commercial Code)with respect to the Chattels,at any time,without the signature of Grantor. Grantor wiil,however,at any time upon request of Lender,
<br /> sign such finanang statements. Grantor will pay all filing fees for the filing of such financing statements and for the refiling ihereof at the times required,in
<br /> the opnion of Lender,by said Uniform Cormiercial Code. If the lien of this Deed of Trust be subject to any security agreemerrt covering the Chattels,then
<br /> in the event of any defauft under this Deed of Trust,all the right,title and interest of Grantor in and to any and all of the Chattels is hereby assigned to
<br /> Lender, together with the beneflt of any deposits or paymems now or hereafter made thereof by Grantor or the predecessors or successors in title of
<br /> Grantor in the Property.
<br /> 21. REIMBURSEMENT OF AMOUNTS EXPENDED BY LENDER. Lender,at Lender's option,may expend funds(induding attomeys'fees and legal
<br /> expenses)to perform any act required to be taken by GraMor or to exerase any right or remedy of Lender under this Deed of Trust. Upon demand,Grarrtor
<br /> shall imrt�ediately reimburse Lender for all such amourns expended by Lender together with interest thereon at the lower of the highest rate descxibed in any
<br /> Obligation or the highest rate allowed by law from the date of payment urrtil the date of reimburaemeM. These sums shall be Indudod In the deflnidon of
<br /> ObNgaUons herein and ahall be secured by the benefldal trrterest grarned herein. If the Obligationa are peid after the beginning of publicetlon of noiks of
<br /> sale,as herein provided,or fn the everrt Lender shall,at its sole option,pemit Grarnor to pay any part of the Obltgationa after the beginning of publfcation of
<br /> notice of sale,as herein provided,then,Grantor shall pay on demand all expenses incurred by the Trustee and Lender in connection with said publication,
<br /> including reasonable attomeys'fees to the attorneys 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 Truslee shall apply the proceeds of the trustee's sale,first,to the costs and expenses of exercising the power of
<br /> sale and of the sale,including the payment of the Trustee's fees actually incurred 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 the payment of junior deeds of trust, mortgages or other lienholders,and the
<br /> balance,if any,to the person or persons legally entitled thereto.
<br /> 23. POWER OF ATTORNEY. Grantor hereby appoints Lender as its attomey-in-fact to endorse Grantor's name on all instruments and other documents
<br /> pertaining to the Obligations or Deed of Trust. In addition, Lender shall be entitled, but not required, tope rform any action or execute any documeM
<br /> required to be taken or executed by Grantor under this Deed of Trust. Lender'spe rformance of such actlon or execution of such documer�ts shall not
<br /> relieve Grantor from any Obligation or cure any defauft under this Deed of Trust. All powers of attomey described in this Deed of Trust are coupled wfth an
<br /> interest and are irrevocable.
<br /> 24. SUBROGATION OF LENDER. Lender shall be sutxogated to the rights of ihe holder of any previous lien, security interest or encumbrance
<br /> discharged with funds advanced by Lender regardless of whether these liens,security interests or other ena�mbrances have been released of record.
<br /> 25. COLLECTION COSTS. To the extent pemttted by law,Grantor agrees to pay Lender's reasonable fees and costs,including,but not limited to,fees !
<br /> and costs of attomeys and other agents (includin� without limitation paralegals, clerks and consultants), whether or not such attorney or agent is an
<br /> emptoy�e of Lender,which are incurred by Lender m coilecting any amounl due or enforcing any right or remedy under this Deed of Trust,whether or not
<br /> suit is brougM,including,but not lirruted to,all fees and costs incurced on appeal,in bankruptcy,and for post-judgment collection actions.
<br /> 26. PARTIAL RELEASE. Lender may release its interest in apo rtion of the Property by executing and recording one or more Partial Deeds of
<br /> Reconveyance without affecting its interest in 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 othervvise 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 Trust. The lien and security interest created by the Deed of Trust remain in effect wlth 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 Grantor's Obligations or Lender's rigMs under thla Deed of Trust must be
<br /> cornafned fn a wrrifng signed by Lender. Lender may perform any of Borrower's or Grarnor's Obligations,delay or fail to exerdse any of fts rigMs or accept
<br /> paymems from Grantor or anyone other than Grantor without causmg a waiver of those Obligations or rigMs. A waiver on one occasion shall not constitute
<br /> a waiver on any other occasion. Grantor's Obli�ations under this Deed of Trust shall not be affected if Lender amends,compromises,exchanges,fails to
<br /> exerdse,impairs or releases any of the Obligattons belonging to any Grantor,Borrower or thirdpa rty or any of its rights against any Grantor,Borrower or
<br /> third party or any of the Property. Lender's failure to insist upon strict performance of any of the Obligations shall not be deemed a waiver and Lender shall
<br /> have the right at any time thereafter to insist upon strict performance.
<br /> 28. SUBSTITUTE TRUSTEE;TRUSTEE LIABIUTY;COMPENSATION. In case of the death,inability,refusal to act or absence of the Trustee from the i,
<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 appoint a new trustee 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 trustee shall,when appointed,become successor to all rights 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 error of judgment or act done by Trustee, or be otherwise responsible or accountable under any circumstances whatsoever.
<br /> Trustee shall not be personally liable in case of entry by it or anyone acting by virtue of the powers herein granted it upon the Deed of Trust for debts
<br /> corttracted or liability or damages incurred in the mana�emerrt or operation of said premises. Trustee shall have the n$ht to rely on any instrumern,
<br /> doc;umertt or signature authorizing or supporting any action taken or roposed to be taken by it hereunder or believed by it in good faith to be genuine.
<br /> Trustee shall be errtitled to reimbursemerrt for expenses incurred by it in the performance of its duties hereunder and to reasonable compensation 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 ft in the perfomrance of its duties.
<br /> All moneys received by Trustee shall,until used or applied as hereinprovided,be held in trust for the purposes for which they were received,but need not
<br /> be segregated in any manner from any other moneys (except to the extent required by law) and Trustee shall be under no liability for imerest on any
<br /> moneys received by it hereunder.
<br /> 29. SUCCESSORS AND ASSIGNS. This Deed of Trust shall be bindin� upon and inure to the benefit of Grantor and Lender and their respective
<br /> sucxessors,assigns,trustees,receivers,administrators,personal represerrtatives,legatees and devisees.
<br /> 30. NOTICES. Except as otherwise required by law,any notice or other communication to be provided under this Deed of Trust shall be in writing and sent
<br /> to the parUes at the addresses described in this Deed of Trust or such other address as the parties rtra designate in writing from time to time. Any such
<br /> notioe so given and sern by first class mail,postage prepaid,shall be deemed given the earlier of three�3)days after such notice is sent or when received
<br /> by the person to whom such notice is being given.
<br /> 31. SEVERABIUTY. 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 that state.
<br /> 33. AAISCELLANEOUS. Grantor and Lender agree that time is of the essence. GraMor waives presentment,demand for payment,notice of dishonor and
<br /> protest except asrequired by law. All references to Grantor in this Deed of Trust shall include allpe rsons signing below. If there is more than one Grantor,
<br /> their Obligatfons shall be p' irn 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 beneficiary of anyprovision of this Deed of Trust. All provisions of this Deed of
<br /> Trust in favor of Lender are irrtended solely for the benefit of Lender,and no third party shall re entitled to assume or expect that Lender will not waive or
<br /> conserrt to the modificatfon of any provision of this Deed of Trust,in Lender's sole discretion.
<br /> 35. PRESERVATION OF LIABILITY AND PRIORITY. Without affecting the liability of Borrower,Grantor,or any guarantor of the Obli�ations,or any other
<br /> person(except a person expressly released in writing)for the payment and performance of the Obligations,and without affecting the nghts of Lsnder whh
<br /> respect to any Property not expressly released in writing,and without impainng in any way the priority of this Deed of Trust over the interest of any person
<br /> acqwred or first ewdenced by recordmg subsequeM to the recording of this Deed of Trust,Lender may,either before or after the maturity of the Obligations,
<br /> and without notice or conseM:release any person liable for payment or perfomrance of all or any part of the Obligations;make any agreement altering the
<br /> terms of payment orperfomrance of all or any part of the Obligations;exerase or refrain from exerasing or waive any right or remedy 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 wrth any real or personal property
<br /> securing the Obligations. My person 9cquiring or recording evidence of any iMerest of any nature in the Property shall be deemed, by acquiring sucF�
<br /> irnerest or recording any evidence thereof,to have conserrted to all or any such adions by Lender.
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