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DEED OF TRUST 20020��0ti'3
<br />Loan No: 19050 (Continued) Page S
<br />execute and deliver this Dead of Tmsl to Lender.
<br />Dlfense of Title. Sublecl Ia the excepfon In the paragraph above, Truslor warouds and will lam., defend Ina Idle to Ina Property against
<br />the lawful Claims Of all persons. In the event any action Or proceeding is commenced that questions Truster s title or the mutual OI Trustee or
<br />Lender under Ihls Dead of Trust. Truster shell defend the action at fusion a expense. Truster may be the nominal party in such proceeding,
<br />but Lender shad be carded to pm icipat. In the proceeding and to be represented In the proceeding by counsel of Lender's own choice, and
<br />Truslor will deliver, or cause to be delivered, to Lender such instruments as Lender may request from time to time to permit such
<br />participston.
<br />Compliance With Lear. Traitor warrants the the Property and Truslor's use of the Property complies with all existing applicable laws,
<br />ordinances, and reguls'ions Of govarnmvnlal Whonlies.
<br />SU"I'mi Of Pt rri All prO rd. , Bgr&lmenls, and statements Trustor has made In his Dead Of Trust shall s nswe the execulf8a and
<br />delivery of this Deed 01 Trust, shall be Continuing In nature and shall remain In full force and effect unlit such time as TNSinra Indebtedness
<br />a paid in full.
<br />CONDEMNATION. The following provisions rotating to Condemnation proceedings are a part of this Deed of Trust:
<br />Proceedings. If any pmcaoding in condemnation Is filed Truslor shall promptly notify Lender In warm , and Truster shall promptly lake such
<br />steps es may be necessary to defend the fiction and obtain the award. T user may be the nominal parry in such proceeding, but Lender
<br />shall be eutifed to participate in the proceeding and to be represented In the proceeding by counsel of its own choice, and Truster will
<br />deliver or..as. to be delivered t0 Lender such Instruments and doo monlalion as may be requested by Lender from hire to lime to permit
<br />such participation.
<br />Application OI Net Proceetls. If .11 Or any pad of the Property is condemned by eminent domain proceedings or by any proceeding or
<br />purchase in lieu of condemnation, Lender may at Its election require that all Or any portion of the net proceeds of the award be applied to the
<br />Indebtedness or the repair or Odin atan et the Property. The net proceeds of the award Shall mean the award affair payment of all
<br />readdi cash, Pence. and acorneys' fees incurred by Truslor or Lender In connection with the condemnation.
<br />IMPOSITION OF TMES, FEES AND CHARGES BY GOVERNMENTAL. AUTHORITIES. The following provisions relating to governmental taxes,
<br />Ices and Charges are a part of this Dead of Trust:
<br />Current Taxes, Fees and Charges. Upon request by Lender, Truslor shall execute Sven documents In addition to this Dead of Trust end
<br />lake wtmlever other action is requested by Lender to perfect and continue Lender's Ilan an the Reel Property. Truslor shalt reimburse Lender
<br />for ell taxes- as described below, together w,in .11 expenses IhoUred In Warreng, pededling or continuing this Dead of Trust, including
<br />without limitation all taxes, lees, documentary stamps, and other charges for recording or regtleMg this Deed of Trust.
<br />Taxes. To. following shill canslilule Imes io which this ssation applies: (1) a specific fax upon this type of Deed of Trust ar upon eII or any
<br />pad m the Indebtedness Secured by this Dead of Trust; (2) a spenfic tax on Truster which Trustor is aulhedSd m required to deduct from
<br />payments on the Indebtedness sacur.d by this type of Deed df Trust: (3) a Ire on this type of Dead of Trust chargeable against the Lender
<br />Or the holder of the Nole: and (a) i specific tax an all or any portion ofine Indebtedness .,Mr payment of pmrapal and interest made by
<br />Trustor.
<br />Subsequent Taxes. If any tin to which this section appkes rs.,acted subsequent to the data of this Deed at Trust, this.veat shall have the
<br />same effect as an Event at Default, and Lander they manila any Or all of its available remedies for an Evan) of Default as provided below
<br />unless Truster .liner (I) pays Ina lax before It , edemas delinquent, or (2) contests the Ire as provided above in the Taxes and Liens
<br />section and deposits with Lender cash or E s:er -kel COTDMte surety band or other Security saludistery to Lender.
<br />SECURITY AGREEMENT; FINANCING STATEMENTS. The b8mvirg promsons mlaeng to this Dead of Trust as a security agreement are a pert
<br />of this Deed of Trust:
<br />Security Agreement, This instrument,. ha ^- militate a Security Agreement to the extent any of the Properly constitutes course, and Lender
<br />shall have all of the rights of a secured pact under the Uniform Commercial Code es emended from time to Time.
<br />Security Interest. Upon request by Lender. Trustor shall execute financing slalementfi and lake whatever other action Is requested by
<br />Lander to pedal and seldom Lender's Securlly'later.] In the Paschall Property. 10 addition to recording this Deed CI Trust an the real
<br />puberty records, Lender may, at any time and wilhoul further aulheriation from Truslor, file executed countermand, copies fir reproductions
<br />of the Oeed of Trust as a financing statement. Tractor shall reimburse Lender for as expenses Incurred in p.decfing or continuing this
<br />nuainly interest. Upon dolault, Truslor shall not remove, sever or detach the Personal Property from the Property. Upon deault, Truslor
<br />shall assemble any Personal Property not affixed to the Properly In a manner and at a place r¢aconabty convenient to Truda and Lander
<br />and make n available to Lender within three (3) days alter larger of written demand from Lander to the extent parmtaed by applkabta law.
<br />Addressed. Th. main, addresses of Truslor (debtor) and Lender (secured party) from which Information Communing the Security Internal
<br />granted by lots Deed of Trust may be obtained (each as required by the Uniform Commercial Code) ere as staled on Ibe first page of this
<br />Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further assn ancBS and aNOrneyAr -fact are a pad of this
<br />Dead of Trust:
<br />Further mainlander. At any lime, and from lure IO lime. upon request Of Lender, Tmsar wta make, execute and deliver, w wall 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. retied, or
<br />rerecorded, as the e,In may be, al such limes and in such offices and places as Lender may deem appropriate, any and all such mortgages,
<br />deeds of lust, Security deeds. security agreements, financing statements, continuation statement, instruments Of further assurance.
<br />certificates, and other documents as may. In the sole opinion of LenC.r, be necessary or desirable In and. to meCtuele, complete, perf bi
<br />Continue. Or preserve (I) Truster 'a obligations under the Note, this Deed of Truck and the Related Documents, antl (2) the Item and
<br />security interests created by this Dead of Trust as first and prior liens on the Property, whether now Owned or heraager acquired by Tmslw.
<br />Unless pronibind by law or Lender agrees to the contrary an willing, Truster shall reimburse Lender for all toss and expenses fndunad in
<br />connection with the matters referred to In this paragraph.
<br />AIIOmeyJn -Fa d. If Truster laps to do any of the things raferred to Ia the producing paragraph. Lender may lip 50 its and In the name of
<br />Truslor and at Trusters expands, For such purposes, Truster hereby Ihavocably appears Lender as Trusters agame"a-fiel for R5
<br />Purpose of making, executing, delivering, fling, recording, and doing all other things as may be necessary or damnable. in Lender's fiche
<br />opinion, to acccmpliSM1 the matters retorted In in the prec¢dthg paragraph.
<br />FULL PERFORMANCE, If Traior pa, all the Indebtedness. including without limitation all L are advances, when due, and omerwre performs
<br />all the obligatche imposed upon Trustor under this Deed of Trust. Lender shall execute and arnwor to Trustee a request for WII hNonveyence and
<br />final: execute and deliver lO Truslor suitable sNlemont, of tormination of any Imaneing slelement on he eurdf ncang Lenders secury internal in the
<br />Rents and the Personal Properly. Any reconveryance fee required by law shall be paid by Truslor, if permitted by eppficable law.
<br />EVENTS OF DEFAULT. At Lender's option. Trustor watt be in default under this Deed Of Trust If any Of the following happen:
<br />Payment Default. Truslor fails to make any payment when due under me Indebtedness.
<br />Break Other Pmmises, Truslor breaks any promise made to Lender or faits to perform mentally at the time and strictly in like Manner
<br />provided in this Deed of Trust Or In any ograemrm ran led to this Deed of Trust.
<br />Compliance Default, Ferrous, to Comply with any other term, oblgallon, Covenant Or Condition corkeimd In this Dead cf Trust. In. Net. or in
<br />:ivy Of Iho Petaled Documents. If such a failure Is Curable and II Truslor has not been given a muchr of a branch of the Same pmvi510n Of this
<br />Deed of Trust within the pl loading twelve (I 2) months, It may be cured (and no Event of Delaull will have Occuned) If Truslor, after Lender
<br />surds written notice demanding core of such failure. (o) cures the failure within thirty (30) days: Or (b) It Ina Cure requires more than thirty
<br />(30) days, Immediately Initlam," ps sufficient to cure Iho Ienum and thereafter Continues and Comp19IW eII baasOMble and Tempnary, steps
<br />'ancient to produce compllar..a es soon as reasonably pareleal.
<br />Default On Other Payments. Frei— of Truslor within the pme required by this Dead Of Trot to make any payment lM taxes or monands, Or
<br />any ether payment nabotary to havi tiling of ar to meet discharge of any lien.
<br />Default In Favor of Third Padres. Should Truster default under Any loan, exlen£on Of Credit, :gcvdty agreement, purchase an sales
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