99 111872
<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 Cormiercial Code (as adopted in the state where the real property is located)
<br /> covering fixtures,chariels,and artides of personal property now owned or hereafler attached to or to be used in connection with the Property together with
<br /> any and all replacements thereof and addhions thereto(the"Chattels"),and Grarnor hereby grarns 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 statemern filed as a fixture filing with respect to all fixtures induded 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(induding said fixtures)is situated. This
<br /> Deed of Trust shall also be effective as a finanang 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 financing 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 Corrmeraal 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 statements(as such term is defined in said Uniform
<br /> Commercial Code)with respect to the Chattels,at any time,without the signature of Grantor. Grantor will,however,at any time upon request of Lender,
<br /> sign such financing statements. Grantor will pay all filing fees for the filing of such finanang statements and for the refiling thereof at the times required,in
<br /> the opinion of Lender,by said Uniform Corm�eraal Code. If the lien of this Deed of Trust be subject to any securiiy agreemeM covering the Chattels,then
<br /> in the event of any default 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 benefit of any deposits or payments now or hereafter made thereof by Grantor or the predecessors or successors in title of
<br /> GraMor in the Property.
<br /> 21. REIMBURSEMENT OF AMOUNTS EXPENDED BY LENDER. Lender, at Lender's option, may expend funds(induding attorneys'fees and legal
<br /> expenses)to perform any act required to be taken by Grantor or to exerase 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 the 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 Grantor to pay any part of the Obligations after the beginning of publication 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 /> 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. APPUCATION OF PAYMENT3. The Trustee shall apply the proceeds of the trustee's sale,first,to the costs and expenses of exerasing ihe power of
<br /> sale and of the sale,including the payment of the Trustee's�ees actually incurred not to exceed the amourrt which may be provided for in the Deed of Trust,
<br /> second,to paymerrt 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 enthled thereto.
<br /> 23. POWER OF AITORNEY. Grantor herebyappoiMs Lender as hs attomey-in-fact to endorse Grantor's name on all instrumeMs and other documents
<br /> pertaining to the Obligations or Deed of Trust. In addition, Lender shall be entitled, but not required, to pertorm any action or execute any document
<br /> required to be taken or executed by Grantor under this Deed of Trust. Lender'spe rtormance of such action or execution of such documents 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 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 interests or other encumbrances have been released of record.
<br /> 25. COLLECTION COSTS. To the extent pemrtted by law,Gramor agrees to pay Lender's reasonable fees and costs,including,but not limited to,fees
<br /> and costs of attomeys and other agents (includin� wrthout limitation paralegals, clerks and consuftants), whether or not such attomey or agern is an
<br /> employee of Lender,which aze incurred by Lender in collecting any amourri due or enforang any rigM 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 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 irnerest 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 otherwise reqwred by Iaw),nor shall Lender be obligated to release any part
<br /> of the Property if Grantor is in defauR under this Deed of 7rust. The lien and secur'rty interest created by the Deed of Trust remain in effect with respect to
<br /> that portion of the property,as deBned in the Deed of Trust,that is not the subject of this or any Partial Deed of Reconveyance
<br /> 27. MODIFICA710N AND WAIVER. The modification or waiver of any of Grantor's Obligations or Lender's rigMs under this Deed of Trust must be
<br /> contained in a writi�g signed by Lender. Lender may perfoRn any of Borrower's or Grantor's Obligations,delay or fail to exerase any of its rigMs or accept
<br /> payments from Grarrtor or anyone other than Grantor without causing a waiver of those Obligations or rights. A waiver on one occasion shall not consthute
<br /> a waiver on any other occasion. Grantor's Obli$ations under this Deed of Trust shall not be affected if Lender amends,compromises,exchanges,fails to
<br /> exerase,impairs or releases any of the Obligations belonging to any Grarnor, Borrower or thirdparty or any of its rights against any Grarrtor, Borrower or
<br /> third party or any of the Property. Lender's failure to insist upon strict perfomiance of any of the Obli-gations shall noi be deemed a waiver and Lender shall
<br /> have the right at any time thereafter to insist upon strict performance.
<br /> 28. SUBSTITUTE TRUSTEE;TRUSTEE LIABILITY;COMPENSATION. In case of the death,inability,refusal to act or absence of the Trustee from the
<br /> state where the real property is located or in case the holder of the Obligations shall desire for any reason to remove the Trustee or any substitute trustee as
<br /> trustee hereunder and to appoint a new trustee in his place and stead,the holder of the Obligations is hereby granted full power to appoint in writing a
<br /> substitute trustee for said Trustee,and the substitute trustee shall,when appointed,become successor to all rights of Trustee hereunder and the same shall
<br /> become vested in him for the purposes and objects of this Deed of Trust with all the power,duties and obligations herein conferred on the Trustee. Trustee
<br /> shall not be liable for any error of judgment or act done by Trustee, or be otherwise responsible or accountable under any circumstances whatsoever.
<br /> Trustee shall not be personally liable in case of entry by it or anyone acting by virtue of the powers herein granted it upon the Deed of Trust for deMs
<br /> comracted or liability or dama�es incurred in the mana�emerrt or operation of said premises. Trustee shall have the ri$ht to rely on any instrumern,
<br /> document or signature authorizing or supporting any action taken or Qroposed to be taken by it hereunder or believed by tt ingoo d faith to be genuine.
<br /> Trustee shall be errtitled to reimbursement for expenses incurred by it m the performance of its duties hereunder and to reasonable compensation for such
<br /> of its senrices hereunder as shall be rendered. Grarnor will,from time to time,pay compensation due Trustee hereunder and reimburse Trustee for and
<br /> save and hold it hamiless from and against any and all loss,cost,liability,damage and expense whatsoever incuned by it in the performance of its duties.
<br /> All moneys received by Trustee shall,urnil used or applied as herein provided,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 interest 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 /> successors,assigns,trustees,receivers,administrators,personal representatives,legatees and devisees.
<br /> 30. NOTICES. Except as otherwise required by law,any notice or other cormxinication 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 sent by flrst dass mail,postage prepaid,shall be deemed given the earlier of three�3)days after such notice is sem 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 /> othervvise,Grarrtor consents to the jurisdiction and venue of any court selected by Lender,in Ns sole discretion,located in that state.
<br /> 33. MISCELLANEOUS. Grarnor and Lender agree that time is of the essence. Grantor waives presentment,demand for payment,notice of dishonor and
<br /> protest except as requfred 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 Gramor 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 benefiaary 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 third party shall Ye entitled to assume or expect that 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 LIABILITY AND PRIORITY. Without affecting the liability of Borrower,Grantor,or any guararnor of the Obligations,or any other
<br /> person(except a person expressly released in writing)for the payment and performance of the Obligations,ancl without affecting the rigMs of Lender with
<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 irrterest of any person
<br /> acqwred or first ewdenced by recordmg subsequern to the recording of this Deed of Trust,Lender may,either before or after the maturity of the Obligations,
<br /> and without notice or consern:release any person liable forpaymerrt or perfomiance of all or any part of the Obligations;make any agreemern altering the
<br /> terms of paymern or perfomiance of all or any part of tfie Obligations;exerase or refrain from exerasing or walve any right or remedy that Lender may have
<br /> under the Deed of Trust;accept additional security of any Idnd for any of the Obligations;or release or othervvise deal with any real or personal property
<br /> securing the Obligations. My person acquiring or recording evidence of any irrterest of any nature in the Property shall be deemed, by acquiring such
<br /> irnerest or recording any evidence thereof,to have conserrted to all or any such actions by Lender.
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