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DEED OF TRUST 200207329
<br />Loan No: 774534 (Continued) Page 5
<br />Interest granted by this Dead of Trust may be obtained (each as required by the Uniform Canonemial Code) are as stated on the first
<br />pay. of this Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY -IN -FACT. The following provisions relating to farther assurances and attorney in four are a part of
<br />flux Deed of Trust:
<br />Further Assurances. At any time, and train lone to time, upon request of Lundeq Trusror 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 Lender, cause to be filed, ..corded,
<br />rafiled, o rerecorded, as the u ,ay his at such times and in such offices and places as Lender may deem appropriate, any and all
<br />uch mortgages, deeds of trus4 beauty Funds, security agreements, financing statements, continuation statements, instruments of
<br />further a enrtiflcates, and other documents a may, in the sole Upinlop of Lender, be necessary or dealt in order to
<br />nse,
<br />effectuated D .and scurried, perfect, continue, or preserve (1) Borrower's and by this is Deed of Tres under the Note, this Dead n of Trust, and
<br />the Related Documents, and (2) the liens and security Interests created by this Deetl n Trost ee first and prior liens on the Propane,
<br />whether now owned or hereafter acquired n Truster. Unless prohibited by law or Lender agrees to the contrary in writing, Truster
<br />shall reirnbursa Lender for all costs and expenses Incurred In connection with the matters referred to In this paragraph.
<br />Attorney -in -Fact. If Tri fads to do any of the things referred to In the preceding Paragraph, Leader may do so for and in the name
<br />of Trusror and at Trustor 's expense. For sash purposes, Trustor hereby it —as ably appoints Lender as Tru.smr's anorney-in -fact far
<br />the parpns. of making, executing, dollvelim, filing, recording, and doing all other things as may be necessary or desirable, in Leader 'a
<br />sole opimon, to aa. mpllsh the matters referred to In the preceding paragraph.
<br />FULL PERFORMANCE. If Sorrownr pays all the Indebtedness, hmludes without limitation all future advances, when due, and otherwise
<br />performs all the obligations Inrpasad upon Truster under this Decd of Trust, Lender shall execute and deliver to Trustee a request for full
<br />voyanoe and .shall execute and del'rvar to Truster suitable statements of termination of any financing statement on file evidencing
<br />Lender's security interest in the Rents and the Personal Property. Any reconvoyance foe required by law shall be Paid by Truster, If
<br />permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of lb. following, at Lender's option, shall con,tiun. an Event of Default under this Dead of Trust:
<br />Payment Default Borrower fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Borrower or Trijohe fails to comply with or to perform any other term, obligation, covereant or condition stumnad In
<br />this Deed of Trust or in any of the Eli Documents or too nrPly with or to perform any tank, obligation, covenant or condition
<br />contained In any other agreement between Lander and Borrower or Truster.
<br />Compliance Default Failure in comply with any other loon, obligation, covenant or aurefiLoo contained in this Dead of Trust, the Nor.
<br />any of the Related Deep m.ms. If such a failure is curable and If Borrower or Truster has rust been given a notice or a broach of
<br />the same provision of this Dead of Trust .,the the preceding twelve It 2) months, it may be cured (and no Event of Default will have
<br />nx0 If Borrower or Truster, after Lender sands written notice demanding cure of sack failure, A) same the failure within fifteen
<br />(15) days; or (b) if then requires more than fifteen (15) days, Immediately innams steps sufficient to cure the failure and
<br />thereafter continues and r. Flux
<br />all reasonable and nvvr.a cry areps sufficient to produce compliance as soon as rEasoeebly
<br />Practical.
<br />Default on Other Payments. Failure of Truster within the time required by this Dced of Trust to make any Payment for taxes or
<br />insurance, or any other PeYmwd necessary to prevent filing of or to otfnnt discharge of any lien.
<br />False Statements. Any warranty, representation or statement made or turnb li to Lender by Borrower or Trustor or on Borrower's or
<br />Trustor's behalf trader this Deed of Trust or the Related Documents is false or rr- loading in any material respect cutter now or at the
<br />time made or furnished or becomes false or misleading at any time thereafter
<br />Defective C.Ilatefallaatlon. This Deed of Trust or any of the Related Documents ceases to be In full farce and effect (including failure
<br />of any collateral document to create a valid and perfected security interest or Ilea) at any time and for any reason.
<br />Death or Insolvency. Thu death of Borrower or Took-, the insolvency of Borrower or Trustoq the appointment of a ....Ivor for any
<br />part of Borrower's or Tmetnr's property, any assignment for the benefit of creditors, any type of creditor workout or the
<br />commencement of any pr :reeding under any bankruptcy or insolvency Iowa by or against Borrows, or Truster.
<br />Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture Procnediegs, whether by l.dbol procel self -help,
<br />repossession or any other method, by any creditor of Burrower or Trustor or by any governmental agency against any property
<br />ring the Intlebtedness. This includes a garnishment of any of Borrower's or Truster '3 accounts, including deposit accounts, with
<br />Lemler. However, this Event of Default shall not apply If there Is a good faith dispute by Borrower or Truster as to the validity or
<br />nobleness of the claim which Is the basis of the creditor or forfeiture pruoaading and if Borrower or Truster gives Leader written
<br />notice of the creditor or furniture proceeding and deposits with Lender monies or urety bond for the creditor or furfeiturn
<br />proceeding, in an amount datorminnd by Lender, in Its sale discretion, as being an adequate reserve or bond for the dispute.
<br />Breach of Other Agreement. Any broach by Burrower or Truster under lira terms of any other agreement between Borrower or
<br />Transfer and Lander that is not remedied within any grace period provided therein, including without limitation any agreumarnt
<br />concerning any Intlebtedness or other obligation of Borrower or Truster to Lender, whether existing new or later.
<br />Events Affecting Guarantor. Any of the preceding events occurs with respect to any coral endorser, surely, or armomprodation
<br />party of any of the Indebtedness or any guarantor, endorser, surety, or acconmmdahon party dies or becomes nmomPntnnt, or
<br />voles or disputes the wGdity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option,
<br />may, but shall not be required lo, permit the guarantor's estate to assume unconditionally the obligations arising kinder the guaranty in
<br />a nrancor xaurfairtary to Lander, and, In Finny so, sure any Event of Default.
<br />Adverse Change. A material adverse change occurs III Borrower's or Trustor 'a tlnanclnl — holluder or Lender believes the pne:pect of
<br />payment or performance of the Indebtedness is impaired.
<br />Insecurity- Lender in good faith believes Itself Warren-
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