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DEED OF TRUST <br />Loan No: 773417 200203501 (Continued) page 4 <br />provided below unless Truster either (1) pays the tax before it becomes delinquent, or (2) contests the tax as provided above in the <br />Taxea and Liens section and deposits with Lender cash or a sufficient corporate surety bond 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 is <br />part of this Deed of Trust'. <br />Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property constipate 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, Trustor 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 retarding this Deed of Trust In the <br />real property records, Lender may, at any time and without further outhicheaflon from Trustor, file executed counterparts, copies or <br />reproductions of Iris Deed of Trust as a financing statement. Trustor shall reimburse Lender for all expenses incurred in perfecting or <br />continuing this security interest. Upon tlefault, Trustor shall not remove, sever or detach the Personal Property from the Property. <br />Upon convenient to Trulearr and Lender and aka It available topLander within three (3)eday. after receipt of written demand )from Lander to the extent permitted by applicable law. <br />Addresses. The mailing addresses of Trusmr (debtor) and Lender (secured is <br />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 ea stated on the first <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 pert of <br />this Deed of Trust <br />Further Assurances. At any time, and from time to time, upon request of Lender, Trustor will make, execute and deliver, or will cause <br />to be made, executed or delivered, to Lender or to Lender's designee, and when requested by Lander, cause to be filed, recorded, <br />reined, or rerecorded, as the case may be, at such times and In such offices and places as Lentler 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 sale opinion of Lander, be necessary or desirable In order to <br />effectuate, complete, perfect, continue, or preserve (1) Trustor's obligations under the Note, this Deed of Trust, and the Related <br />Documents, and (21 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 Trustor. Unless prohibited by law or Lander agrees to the contrary in writing, Trustor shall <br />reimburse Land or for all costs and expenses Incurred in connection with the matters referred to in this paragraph. <br />Attorney -in -Fact. It Trustor fails to do any of the things referred to in the preceding paragraph, Lender may do so for and in the name <br />of Trustor and at Truster 'a expense. For such purposes, Treater hereby irrevocably appoints Lander es Trustnr's attorney in fact for <br />the purpose of making, executing, delivering, filing, recording, and doing all other things' as may be necessary or desirable, in Lender's <br />soar, opinion, to accomplish the matters referred to in the preceding paragraph. <br />FULL PERFORMANCE. If Trustor pays all the Indebtedness when due, and otherwise performs all the obligations imposed upon Trustor <br />under this Deed of Trust, Lender shall execute and tleaiver to Trustee a request for full reconveyance and shall execute and deliver to <br />Trustor suitable statements of termination of arty 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 Trustor If permitted by applicable law. <br />EVENTS OF DEFAULT. At Lender's option, Trustor will be in default under this Deed of Trust if any of the following happen: <br />Payment Default, Trustor fails to make any payment when due under the Indebtedness. <br />Break Other Promises. Trustor 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 Deetl 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 it Trustor has not been given a notice of a breach of the same <br />provision of this Used of Trust within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) <br />if Truatpq after Lander sends written notice demanding cure of Loch failure: (a) cures the failure within ten (101 days; or (b) 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 Trustor or on Trustor's behalf under this Dead 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 Collataralization. This Deed of Trust or any of the Related Documents ceases to be in full force and effect (including failure <br />of any 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 Trustor, the insolvency of Truster, the appointment of a receiver for any part of Trustor's property, <br />any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any <br />bankruptcy or 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 <br />which Lender has alien. This includes taking of, garnishing of or levying on Trustor's accounts with Lender. However, if Trustor <br />LLenderr written noticehof whether the the claim and furnishes hLanderwth monies or Property is <br />surety bonds attisfactolry or <br />to Lender toesatisfyi if Truster rclaim, then <br />this default provision will not apply. <br />Breach of Other Agreement. Any breach by Trustor under the terms of any other agreement between Trustor and Lender that is not <br />rernedled within any grace period provided therein, including without limitation any agreement concerning any Indebtedness or other <br />