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200304533 DEED OF TRUST
<br />Loan No: 777274 T r,, ;'t ; l . (Continued) Page 4
<br />and take whatever other action is requested by Lender to perfect and continue Lander's lien on the Real Property. Truster shall
<br />reimburse Lender for all taxes, as described below, together with all expenses incurred in recording, perfecting or continuing this Deed
<br />of Trust, including without limitation all taxes, fees, documentary stamps, and other charges for recording or registering this Dead of
<br />Trust.
<br />Taxes. The following shall constitute taxes to which this section applies: 11) a specific tax upon this type of Deed of Trust or upon
<br />all or any part of the Indebtedness secured by this Deed of Trust; (2) a specific tax on Truster which Truster is authorized or
<br />required to deduct from payments on the Indebtedness secured by this type of Deed of Trust: (3) a tax on this type of Deed of Trust
<br />chargeable against the Lender or the holder of the Note; and (4) a specific tax on all or any portion of the Indebtedness or on
<br />payments of principal and interest made by Truster.
<br />Subsequent Taxes. If any tax to which this section applies is enacted subsequent to the date of this Deed of Trust, this event shall
<br />have the same effect as an Event of Default, and Lender may exercise any or all of its available remedies for an Event of Default as
<br />provided below unless Truster either (1) pays the tax before it becomes delinquent, or (21 contests the tax as provided above in the
<br />Taxes and Liens section and deposits with Lender cash or sufficient corporate surety band or other security satisfactory to Lender.
<br />SECURITY AGREEMENT: FINANCING STATEMENTS. The following provisions relating to this Deed of Trust as a security agreement are a
<br />part of this Deed of Trust:
<br />Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property constitutes fixtures, and
<br />Lender shall have all of the rights of a secured party under the Uniform Commercial Code as amended from time to time.
<br />Security Interest. Upon request by Lender, Truster shall execute financing statements and take whatever other action Is requested by
<br />Lender to perfect and continue Lender's security Interest in the Personal Property. In addition to recording this Deed of Trust in the
<br />real property records, Lender may, at any time and without further authorization from Truster, file executed counterparts, copies or
<br />reproductions of this Deed of Trust as a financing statement Trustor shall reimburse Lender for all expenses incurred in perfecting or
<br />continuing this security interest. Upon default, Truster shall not remove, sever or detach the Personal Property from the Property.
<br />Upon default, Truster shall assemble any Personal Property not affixed to the Property in a manner and at a place reasonably
<br />convenient to Truster and Lender and make it available to Lender within three (S) days after receipt of written demand from Lender to
<br />the extent permitted by applicable law.
<br />Addresses. The mailing addresses of Truster (debtor) and Lender (secured party) from which information concerning the security
<br />interest granted by this Deed of Trust may be obtained (each as required by the Uniform Commercial Code) are as stated on the that
<br />page of this Deed of Trust.
<br />FURTHER ASSURANCES: ATTORNEY -IN -FACT. The following provisions relating to further assurances and attorney -in -fact are a part of
<br />this Deed of Trust:
<br />Further Assurances. At any rime, and from time to time, upon request of Lender, Truster will make, execute and deliver, or will cause
<br />to be made, executed or delivered, to Lander or to Lender's designee, and when requested by Lender, cause to be filed, recorded,
<br />refiled, or rerecorded, as the case may be, at such times and in such offices and places as Lender may deem appropriate, any and all
<br />such mortgages, deeds of trust, security deeds, security agreements, financing statements, continuation statements, instruments of
<br />further assurance, certificates, and other Documents as may, in the sole opinion of Lender, be necessary or desirable in order to
<br />effectuate, complete, perfect, continue, or preserve t11 Trumor's obligations under the Note, this Dead of Trust, and the Related
<br />Documents, and (2) the liens and security Interests created by this Dead of Trust as first and prior liens on the Property, whether
<br />now owned or hereafter acquired by Truster. Unless prohibited by law or Lender agrees to the contrary in writing, Truster shall
<br />reimburse Lender for all are and expenses incurred in connection with the matters referred to In this paragraph.
<br />Attorney -In -Fact. It Truster fails to do any of the things referred to in the preceding paragraph, Lender may do so for and in the name
<br />of Truster and at Truster's expense. For such purposes, Truster hereby Irrevocably appoints Lender as Truster's attorney -in -tact for
<br />the purpose of making, executing, delivering, filing, recording, and doing all other things as may be necessary or desirable, in Lander's
<br />sole opinion, to accomplish the matters referred to in the preceding paragraph.
<br />FULL PERFORMANCE. If Truster pays all the Indebtedness when due, and otherwise performs all the obligations imposed upon Truster
<br />under this Deed of Trust, Lender shall execute and deliver to Trustee a request for full reconveyance and shall execute and deliver to
<br />Truster suitable statements of termination of any financing statement on file evidencing Lender's security interest in the Rents and the
<br />Personal Property. Any reconveyance fee required by law shall be paid by Truster, it permitted by applicable law.
<br />EVENTS OF DEFAULT. At Lender's option, Truster will be in default under this Deed of Trust if any of the following happen:
<br />Payment Default. Truster fails to make any payment when due under the Indebtedness
<br />Break Other Promises. Truster breaks any promise made to Lender or fails to perform promptly at the time and strictly in the manner
<br />Provided in this Deed of Trust or in any agreement related to this Deed of Trust.
<br />Compliance Default. Failure to comply with any other term, obligation, covenant Or condition contained in this Deed of Trust, the Note
<br />Or in any of the Related Documents. If such a failure is curable and if Truster has not been given a notice of a breach of the same
<br />provision of this Deed of Trust within the preceding twelve (1 2) months, it may be cured (and no Event of Default will have Occurred)
<br />it Truster, after Lender sends written notice demanding cure of such failure: (a) cures the failure within ten T1 0) days; or On if the
<br />cure requires more than ten (10) days, immediately initiates steps sufficient to cure the failure and thereafter continues and completes
<br />all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
<br />Default on Other Payments. Failure of Truster within the time required by this Deed of Trust to make any payment for taxes or
<br />insurance, or any other payment necessary to prevent filing of or to effect discharge of any lien.
<br />False Statements. Any representation or statement made or furnished to Lender by Truster or on Truster's behalf under this Deed of
<br />Trust or the Related Documents is false or misleading In any material respect, either now or at the time made or furnished.
<br />Defective Collatemlization. This Deed of Trust or any of the Related Documents ceases to be In full force and affect (including failure
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