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DEED OF TRUST 2 � i O ��� 7�
<br />Loan Na: 4p19154 (Continued) Page 4
<br />and delivery of this Deed of Trust, shall be continuing in nature and shall remain in full force and effect until such time as Trustor's
<br />Indebtedness is paid in full.
<br />EXISTING INDEBTEDNESS. The following provisions concerning Existing Indebtedness are a part of this Dead of Trust:
<br />Existing Lien. The lien of this Deed of Trust securing the Indebtedness may be secondary and inferinr tn the lien securing payment of
<br />an existing obligation. The existing obligation has a current principal balance of approximately $173,000.00. The obligation has the
<br />following payment terms: 51,622.0� per Month. Trustor expressly covenants and sgrees to pay, or see to the payment of, the
<br />Existing Indebtedness and to prevent any default on such indebtedness, any default under the instruments evidencing such
<br />indebtedness, or any default under any security documents for such indebtedness.
<br />No Modification. Trustor shall not enter into any agreement with the holder of any mortgage, deed of trust, or other security
<br />agreement which has priority over this Deed of Trust by which that agreement is mpdified, amended, extended, pr renewed without
<br />the prior written consent of Lender. Trustor shall neither request nor accept any future advances under any such security agreement
<br />without the prior written consent af l,ender,
<br />CONqEMNATION. The following provisions relating to condemnation proceedings are a part ot this Deed of "Crust:
<br />Proceedings. If any proceeding in condemnation is filed, Trustor shall promptly notify Lender in writing, and Trustnr shell promptly
<br />take such steps as may be necessary ta defend the action and obtain the award. Trustor may be the nominal party in such
<br />proceeding, 6ut Lender shall be entitled to par[icipate in the prviceeding and ta be represented in the proceeding by counsel of its own
<br />choice, and Trustor will deliver or cause to be delivered to Lender such instrumenta and documentatipn as may be requested by
<br />Lender from time to time ta permit such participation.
<br />Application of Net Proceeds. If all or any part of the Property is condemnad by eminent domain proceedings or by any proceeding or
<br />purchase in lieu of condemnation, Lender may at its electipn require that aii or any portion of the net proceeds of the award be applied
<br />to the Inde6tedness or the repair or restoration of the Property. The net prpcesds af the awerd shell mesn the award after payment of
<br />all reasonable casts, expenses, and attorneys' fees Incurred by Trustee or Lender in connection with the condemnation.
<br />IMPOSITIDN OF 7AXES, FEES AND CHARGES BY GUVERNMENTAL AUTMpRITIES. The following provisions relating to governmental
<br />taxes, fees and charges are a part of this Deed of Trust:
<br />Current Taxes, Fees and Charges. Upan request 6y Lender, Trustor shali execute such documents in addition to this peed of Trust
<br />and take whatever other action is requested by Lender to pertect and continue Lender's lien on the Real Prqperty. Trustor shall
<br />reimburse l.endar for all taxes, as described below, together with all expenses incurred in recording, perfecting or cqntinuing this Deed
<br />pf Trust, including without limitation all taxes, fees, documentary stamps, and other charges for recording or registering this Deed of
<br />Trust.
<br />Taxss. 7he fotlowing stl�lf"�ritvCe�� w�ich thia section.appli�s: 41) a spacaitic tax uppR tkNS type p€.�ea[i pf Trust or upon -°^>
<br />all or any part of ths Indabtednass secured by this peed of Trust; 12) a specific tax on Trustor which 1"rustor is authprized or
<br />required to deduct from payments on the Indebtedness secured by this type of Deed of Trust; (3► a tax on this type of Deed of Trust
<br />chargeable against the Lender or the holder of the Credit Agreement; and (4► a specific tax on all or any portipn of the Indebtadness
<br />or on paymants ot principal and intsrest made by Trustor.
<br />Subsaquent Tpxes. If any tax to which this section applies is enacted subsequent to the date of this Deed of Trust, this event shall
<br />have the same effect as an Event of Default, and Lender may exercise any or all of its available remedies for an Event of Default as
<br />provided below unless Trustar either (1) pays the tax before it becomes delinquent, or (2) contests the tax as pravided above in the
<br />Taxes and Liens section and deposits with Lender cash pr a sufficient corporate surety bond or other security satisfactory to Lender.
<br />SECURITY AGREEMENT; FINANCING STATEMEIYTS. The following provisions relating to this Deed of 7rust as a security agreement are a
<br />part of this Deed of Trust:
<br />Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property constitutes fixtures, and
<br />Lender shall have all af the rights of a secured party under the Uniform Commercial Code as amended from time to time.
<br />Sacurity Interest. Upon request by Lender, Trustor shall take whatever acCion is requested by Lender to perfect and continua Lander's
<br />security interest in the Personal Property. In addition tp recording this Deed of Trust in the real property records, Lender may, at any
<br />time and without further authprixation from Trustor, file executed counterparts, copies or reprpductions of this Deed of Trust as a
<br />financing statement. Trustor shall reimburse Lender for all expenses incurred in perfscting or continuing this security interest. Upon
<br />default, Trustor shat) not remove, sever or detach the Personal Property trom the Properiy. Upan default, Trustor shall assemble any
<br />Personal Property not affixed to the Property in a manner and at a place reasonably convenient to Trustor and Lender and make it
<br />availa6le to Lender within three (3) days after receipt of written demand from .Lender to the extent permitted by applicable law.
<br />Addresses. The mailing addresses of 7rustor (debtor) and Lender (secured party) 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 as 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 part of
<br />this Deed ot 'Trust:
<br />Further Assurpnces. 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 Lender, cause to be filed, recorded,
<br />refiled, or rerecorded, as the case may be, at such times and in such offices and places as Lender may deem appropriate, any and all
<br />such mortgages, deeds of trust, security deeds, security agreements, financing statements, continuation atatements, instruments of
<br />further assurance, certificates, and other documents as may, in the sole opinion of Lender, be necessary or desirable in order to
<br />effectuate, complete, perfect, continue, or preserve (1) Trustar's obligations under the Credit Agreement, this Deed of Trust, and
<br />the Related Documents, and (2) the liens and security interests created 6y this Deed of Trust on the Property, whether now owned
<br />or hereafter acquired by Trustor. Unless prohibited 6y law or Lender agrees to the contrary in writing, Trustpr shall reimburse Lender
<br />for all costs end expenses incurred in cpnnection with the matters referred to in this paragraph.
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