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200200851 20. SECURITY INTEREST UNDER THE UNIFORM COMMERCIAL CODE. This Dead of Trust shall be considered and be effective as a financing statement and a ,iMUra tiling pursuant to the provisions of the Uniform Commercial Code (as adopted in the state where the real property is located) 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 any and all replacements thereof and additions thereto the "Chattels'L and Grantor hereby grants Lender a security interest in such Chattels. The debtor is the Grantor described above. This Deed of Trust will be effective as a financing Statement tiled as a fixture tiling with respect to all fixtures included within said premises and is to be filed for record in the reel estate records of each county where any part of said premises (including said fixtures) is situated. This Dead of Trust shall also be effective as a financing statement covering any ,her premises and may be filed In any other appropriate filing or pending office. A carbon, photographic or other reproduction of this Deed of Trust or of any financing statement relating to this Used of Trust shall be sufficient as a financing statement for any of the purposes referred to in this Paragraph. The secured party is the Lender described above. Upon demand, Grantor shall make, execute and deliver such security agreements las such term is defined In avid Uniform Commercial Co del as Lender at any time may deem necessary or proper or required to grant to Lender a pertacted security interest in the Chattels, and upon Grantor's failure to tlo eo, Lender Is authorized to sign any such agreement as the agent of Grantor. Grantor herabV authorizes Lender to file financing statements las such term Is defined in said Uniform Commercial Cotlel with respect to the Chattels, at any time, without the signature of Grantor. Grantor will, however, at any time upon request of Lender, sign such financing statements. Grantor will pay all filing fees far the tiling of such financing statement. and for the raffling there., at the times required, in the opinion of Lender, by said Uniform Commercial Coda. If the lien Of this Deetl of Trust be subject to any security agreement covering the Chi ads I. than in the eve....... d ,..It under this Deed aY Trust, all [he right, title and interest of Grantor in and to any and all of the Chattels is hereby assigned to Lender, a.gather with the benefit of any deposits or payments now or hereafter made there 0f by Grantor or the predecessors or successors in title of Grantor in the Property. 21. REIMBURSEMENT OF AMOUNTS EXPENDED BY LENDER, Lender, at Lender's option, may expend funds (including attorneys' fees and legal 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 shell immediately reimburse Lender for all such amounts expended by Lender together with interest thereon at the lower of the highest rate described In any Obligation or the highest rate allowed by law from the date of payment until the date of reimbursement. These sums shell be included in the definition of 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 sale, ea herein provided or in the event Lender shall, at its sole option, permit Grantor to any part of the Obligations after the beginning of publication of notice of sale, as herein provided, then, Grantor shall pay on demand ail expenses incurred by the Trustee and Lender in connection with said publication, including reasonable attorneys' fees to the attorneys for the Trustee and for the Lender, and a reasonable fee to the Trustee, and this Deed of Trust shell be security for all such expenses and fees. 22. APPLICATION OF PAYMENTS. The Trustee shell apply the proceeds of the trustee's sale, first, to the costs and expenses of exercising the Power of 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, 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 balance, if any, to the person or persons legally entitled thereto. 23. POWER OF ATTORNEY. Grantor hereby appoints Lender as Its attorney -in -fact to endorse Grantor's name on all instruments and other documents pertaining to the Obligations or Deed of Trust. In addition, Lender shall be entitled, but net required to perform any action or execute any document required to be taken or executed by Grantor under this Deed of Trust. Lender's performance of such action or execution of such documents shall not relieve Grantor from any Obligation or cure any default under this Deed of Trust Ali powers of attorney described in this Deed of Trust are coupled with an interest and are Irrevocable. 24. SUBROGATION OF LENDER. Lender shall be subrogated to the rights of the holder of any previous lien, security interest or encumbrance discharged with funds advanced by Lender regardless of whether these liens, security interests or other encumbrances have been released of record. 26. COLLECTION COSTS. To the extent permitted by law, Grantor agrees to pay Lender's reasonable fees and costs, including, but not limited to, fees and costs of attorneys and other agents (including without limitation paralegal., clerks and consultants), whether or not such attorney or agent is an employee of Lender, which are incurred by Lender in collecting any amount due or enforcing any right or remedy under this Deed of Trust, whether or not suit is brought, including, but not limited to, all fees and costs Incurred on appeal, in bankruptcy, and for post judgment collection actions. 26. PARTIAL RELEASE. Lender may release Its Interest in a portion of the Property by executing and recording one or more Partial Deeds of 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 interest in the Property (except as required under Paragraph 38 or as may be otherwise required by lawl, nor shell Lender be obligated to release any part of the Property If Grantor is in default under this Deed of Trust. The lien and severity interest created by the Deed of Trust remain in effect with respect to that portion of the property, as defined in the Dead of Trust, that is not the subject of this or any Partial Deed of Raconveyancs. 27. MODIFICATION AND WAIVER. The modification or waiver of any of Granter's Obligations or Lender's rights under this Deed of Trust must be contained in a writing signed by Lender. Lender may perform any of Borrower's or Grantor's Obligation., delay or fail to exercise any of its rights or accept payments from Grantor or anyone other than Grantor without causing a waiver of those Obligations or rights. A waiver on one occasion shall not constitute a waiver on any other occasion. Grantor's Obligations under this Deed of Trust shall not be affected if Lender ends, compromises, exchanges, fails to exercise, impairs or releases any of the Obligations belonging to any Grantor, Borrower or third party or any of its rights against any Grantor, Borrower or third parry 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 Lander shall have the right at any time thereafter to insist upon strict performance. 28. SUBSTITUTE TRUSTEE; TRUSTEE LIABILITY; COMPENSATION. In caae of the death, inability, refusal to act or absence of the Trustee from the 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 trustee hereunder and to appoint a new trustee in his place and steed the holder of the Obligations is hereby granted full power to appoint in writing s substitute trustee for said Trustee, and the substitute trustee shall, when appointed, become successor to all rights of Trustee hereunder and the same shall 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 shall not be liable for any error of judgment or act done by Trustee, or be otherwise responsible or accountable under any circumstances whatsoever. 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 contracted or Ilability or damages incurred in the management or operation of said premises. Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it hereunder or believed by it in good faith to be genuine. Trustee shall be entitled to reimbursement for expenses incurred by It in the performance of Its duties hereunder and to reasonable compensation for such of Its services hereunder as shell be rendered. Grantor will, from time to time, pay compensation due Trustee hereunder and reimburse Trustee for and 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. All moneys received by Trustee shall, until used or applied as herein provided be held in trust for the purposes for which they were received but need not 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 moneys received by It hereunder. 29. SUCCESSORS AND ASSIGNS. This Deed at Trust shell be binding upon and inure to the benefit of Grantor and Lender and their respective successors, assigns, trustees, receivers, administrators, personal representatives, legatees and devisees. 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 to the parties at the addresses described in this Deed of Trust or such other address as the parties may designate in writing from time to time. Any such notice 90 given and sent by first class ail, postage prepaid, shad To deemed given the earlier of three (3) dare after such notice is sent or when received by the person to whom such notice is being given. 31. SEVERABILITY. Whenever possible, each provision of this Deed of Trust shall be interpreted so as to be effective and valid under applicable state 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. 32. APPLICABLE LAW. This Dead of Trust shall be governed by the laws of the state where the real property is located. Unless applicable law provides otherwise, Grantor consents to the jurisdiction and venue of any court selected by Lender, in its sole discretion, located in that stet.. 33. MISCELLANEOUS. Grantor and Lender agree that time is of the essence. Grantor waives presentment, demand for payment, notice of dishonor and protest entrant as required by law. All references to Grantor in this Deed of Trust shall include all persona signing below. If there Is more than one Grantor, their Obligations shall be joint and several. This Dead of Trust represents the complete integrated understanding between Grantor and Lender pertaining to the terms and conditions hereof. 34. NO THIRD PARTY RIGHTS. No person I. or shall be a third party beneficiary of any provision of this Deed of Trust. All provisions of this Deed of Trust in favor of Lender are Intended solely for the benefit of Lender, and no third party shall be entitled to assume or expect that Lender will not waive or consent to the modification of any provision of this Dead of Trust, in Lender's sole discretion. ai..T. wet nave l fO Pee^ 4 f a