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200904298
<br />not be enforced, that feat by itself will not mean that the rest of this Deed of Trust vain not be
<br />valid or enforced. Therefore, a court will enforce tl~e rest of the provisions of this Deed of
<br />Trust even if a provision of this Deed of Trust may be found to be invalid ar unenforceable.
<br />Successors and Assxgna. Subject to any limitations stated in this Deed of Trust on transfer of
<br />Grantor's interesC, this Deed of Trust shall be binding upon and inure to the benefit of the
<br />parties, their successors and assigns. If ownership ofthe Property becomes vested in a parson
<br />other than Grantor, Lender, vaithout notice to Granter, may deal with Grantor's successors
<br />with reference to this Deed of Trust and the Indebtedness by way of forbearance ar extension
<br />without releasing Grantor from the obligations of this Deed of Trust or liability under the
<br />Indebtedness,
<br />Tune is of the Essence, Time is of the essence in the performance of this Deed of Trust.
<br />DEFINITIONS. The following wards shall have the following meanings when used in this Deed of
<br />Trust:
<br />Event of Default. The words "Event of Default" mean any of the events of default set forth
<br />in the Laan Agreement.
<br />Guaranty. The ward "Guaranty" means the guaranty from guarantor, endorser, surety, or
<br />accommodation party to Lender, including without limitation a guaranty aFall ar part of the
<br />Indebtedness.
<br />Improvements. The ward "Improvements" means all existing and Future improvements,
<br />buildings, structures, mobile homes affixed on the Property, facilities, additions,
<br />replacements and other construction on the Property,
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts,
<br />costs and expenses payable under the Note or 1_,oan Documents, together with all renewals af,
<br />extensions of, modifications of, consolidations of and subst~tut~ans for the Nate or Laan
<br />Documents and any amounts expended or advanced by Lender to discharge Grantor's
<br />obligations or expenses incurred by Trustee a7° Lender to enforce Grantor's obligations under
<br />this Deed ol'Trust, together with interest on such amounts as provided in this Deed of Trust;
<br />and all present and future debts of Grantor, to Lender, even if this Deed of Trust is not
<br />referenced, or if the Future debt is unrelated to or of a different type than this debt.
<br />Personal Property. The Words "Personal Property" mean all equipment, fixtures, and other
<br />articles of personal property now or hereafter owned by Grantor, and now or hereafter
<br />attached or affixed to the Property; together with all accessions, parts, and additions ta, all
<br />replacements of, and all .substitutions for, any of such property; and together with all
<br />proceeds (including without limitation all insurance proceeds and refunds of prenuums}from
<br />any sale ar other disposition of the Property.
<br />Rents, The word "Rents" means all present and fixture rents, revenues, income, issues,
<br />royalties, profits, and other bene$ts derived finxn the Property.
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