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DEED OF TRUST
<br />Loan No: 777303 200304877 (Continued) Page a
<br />Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property constitutes fixtures, and Lender
<br />shall have all of the rights of a secured party under the Uniform Commercial Code as amended from fime to fime.
<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 real
<br />property records, Lender may, at any time and without further authorization horn Truster, file executed counterparts, copies or reproductions
<br />of this Deed of Trust as a financing statement. Truster shall reimburse Lender for all expenses Incurred in perfecting or continuing this
<br />security interest. Upon default, Truster shall not remove, sever or detach the Personal Property from the Property. Upon default, Truster
<br />shall assemble any Personal Property not Affixed to the Property In a manner and at a place reasonably convenient to Truster and Lender
<br />and make it available to Lender within three (3) days after receipt of wdhen demand from Lender to the extent permitted by applicable law.
<br />Addresses. The mailing addresses of Truster (debtor) and Lender (secured party) from which Information concerning the security interest
<br />granted by this Deed of Trust may be obtained (each as required by the Uniform Commercial Code) are as stated on the first page of this
<br />Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY -IN -FACT. The following provisions relating to further assurances and attorney -in -fact are a pad of this
<br />Deed of Trust:
<br />Further Assurances. At any time, and from time to time, upon request of Lender, Truster will make, execute and deliver, or will cause to be
<br />made, executed or delivered, to Lender or to Lender's designee, and when requested by Lender, cause to be filed, recorded, rated, or
<br />rerecorded, es the case may be, at such times and in such offices and places as Lender may deem appropriate, any and all such mortgages,
<br />deeds of trust, security deeds, security agreements, financing statements, continual statements, Instruments of further assurance,
<br />certificates, and other documents as may, In the sets opinion of Lender, be necessary or desirable in order to effectuate, complete, perfect,
<br />continue, or preserve (1) Trustor's obligations under the Note, this Dead of Trust, and the Related Documents, and (2) the liens and
<br />security interests created by this Deed of Trust as first and prior liens on the Property, whether now owned or hereafter acquired by Truster.
<br />Unless prohibited by law or Lender agrees to the contrary in writing, Truster shall reimburse Lender for all costs and expenses incurred in
<br />connection with the matters referred to In this paragraph.
<br />Attorney -in -Fact. If Truster fails to do any of the things referred to In the preceding paragraph, Lender may do so for and in the name of
<br />Truster and of Trustor's expense. For such purposes. Trustor hereby irrevocably appoints Lender as Trustor's attorney-fin-fact for the
<br />purpose of making, executing, delivering, filing, recording, and doing all other things as may be necessary or desirable, in Lender's sole
<br />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 under
<br />this Deed of Trust, Lender shall execute and deliver to Trustee a request for full reconveyance and shall execute and deliver to Truster suitable
<br />statements of termination of any financing statement on file evidencing Lender's security interest in the Rents and the Personal Property. Any
<br />reconveyance fee required by law shall be paid by Truster, If 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 falls 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 Dead 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 or in
<br />any of the Related Documents. If such a failure Is curable and it Truster has not been given a notice of a breach of the same provlslen of this
<br />Deed of Trust within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Truster, after Lender
<br />sends written notice demanding cure of such failure: (a) cures the failure within ten (10) days; or (b) if the cure requires more than ten (10)
<br />days, immediately initiates steps sufficient to cure the failure and thereafter continues and completes all reasonable and necessary steps
<br />sufficient to produce compliance as soon as reasonably practical.
<br />Default on Other Payments. Failure of Truster within the time required by this Dead of Trust to make any payment for taxes or insurance, or
<br />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 Trustor or on Truster's behalf under this Dead of Trust
<br />or the Related Documents is false or misleading In any material respect, either now or at the time made or furnished.
<br />Detective Collateralimgon. This Deed of Trust or any of the Related Documents ceases to be in full farce and effect (including failure of any
<br />collateral document to create a valid and perfected security interest or lien) at any time and for any reason.
<br />Death or Insolvency. The death of Truster, the insolvency of Truster, the appointment of a receiver for any pad of Trusters property, any
<br />assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or
<br />insolvency laws by or against Trustor.
<br />Taking of the Property. Any creditor or governmental agency tries to take any of the Property or any other of Trustor's property in which
<br />Lender has a lien. This includes taking of, garnishing of or levying on Trusor's accounts with Lender. However, if Truster disputes in good
<br />faith whether the claim on which the taking of the Property is based is valid or reasonable, and if Truster gives Lender written notice of the
<br />claim and furnishes Lender with monies or a surety bond satisfactory to Lender to satisfy the claim, then this default provision will not apply.
<br />Breach of Other Agreement. Any breach by Timor under the terms of any other agreement between Truster and Lender that is not
<br />remedied within any grace period provided therein, including without limitation any agreement concerning any indebtedness or other
<br />obligation of Truster to Lender, whether existing now or later.
<br />Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety, or accommodation party
<br />of any of the Indebtedness or any guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes
<br />the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option, may, but shall not be
<br />required to, permit the guarantor's estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to
<br />Lender, and, in doing so, cure any Event of Default.
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