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200904298
<br />Security Interest. Upon request by Lender, Grantor shall execute financing statements and
<br />take whatever other action is requested by Lender to perfect and continue Lender's security
<br />interest in the Personal Property. In addition to recording this Deed of Trust in the real
<br />property records, Lender may, at any time and without further authorization from Grantor,
<br />file executed counterparts, copies or reproductions of this Deed of Trust as a financing
<br />statement. Grantor shall reimburse Lender for all expenses incurred in perfecting or
<br />continuing this security interest. Upon default, Grantor shall not remove, sever or detach the
<br />Personal Property from the Property. Upon default, Grantor shall assemble any Personal
<br />Property not affixed to the Property in a manner and at a place reasonably convenient to
<br />Grantor and Lender and make it available to Lender within three (3) days after receipt of
<br />written demand from Lender to the extent permitted by applicable law.
<br />Addresses. The mailing addresses of Grantor (debtor) and Lender (secured party) from
<br />which information concerning the security interest granted by this Deed of Trust may be
<br />obtained (each as required by the Uniform Commercial Code) are as stated on the first page
<br />of this Deed of Trust.
<br />FURTHER ASSURANCES. The following provisions relating to further assurances are a part of
<br />this Deed of Trust:
<br />Further Assurances. At any time, and from time to time, upon request of Lender, Grantor
<br />will make, execute and deliver, or will cause to be made, executed or delivered, to Lender or
<br />to Lender's designee, and when requested by Lender, cause to be filed, recorded, refiled, or
<br />rerecorded, as the case may be, at such times and in such offices and places as Lender may
<br />deem appropriate, any and all such mortgages, deeds of trust, security deeds, security
<br />agreements, financing statements, continuation statements, instruments of further assurance,
<br />certificates, and other documents as may, in the sole opinion of Lender, be necessary or
<br />desirable in order to effectuate, complete, perfect, continue, or preserve (1) Grantor's
<br />obligations under the Note, this Deed of Trust, and the Related Documents, and (2) the liens
<br />and security interests created by this Deed of Trust as first and prior liens on the Property,
<br />whether now owned or hereafter acquired by Grantor. Unless prohibited by law or Lender
<br />agrees to the contrary in writing, Grantor shall reimburse Lender for all costs and expenses
<br />incurred in connection with the matters referred to in this paragraph.
<br />EVENTS OF DEFAULT. At Lender's option, there will be a default under this Deed of Trust if any
<br />Event of Default (as such term is defined in the Loan Agreement) shall have occurred and be
<br />continuing.
<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default (as such term is defined in the
<br />Loan Agreement) occurs, at any time thereafter, Trustee or Lender may exercise any one or more of
<br />the following rights and remedies:
<br />Election of Remedies. All of Lender's rights end remedies will be cumulative and maybe
<br />exercised alone or together. An election by Lender to choose any one remedy will not bar
<br />Lender from using any other remedy. If Lender decides to spend money or to perform any of
<br />Grantor's obligations under this Deed of Trust, after Grantor's failure to do so, that decision
<br />by Lender will not affect Lender's right to declare Grantor in default and to exercise Lender's
<br />remedies.
<br />Accelerate Indebtedness. Lender may declare the unpaid principal balance of the
<br />Indebtedness due and payable. In no event will Grantor be required to pay any unearned
<br />interest.
<br />Foreclosure. If Lender invokes the power of sale, Trustee, at the request of Lender, may sell
<br />all or any portion of the Property at public auction to the highest bidder for cash at the
<br />location designated by law, or if no such area has been designated, at the area designated in
<br />the notice of sale within the courthouse. The Trustee or its agent shall give notice ofthe time
<br />and place of sale and of the property to be sold as required by law.
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