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DE�D OF TRUST
<br />i � (Continued) Pa e 3
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<br />rights provided for in this paragraph shall be in addition to any other rights or any ramedies to which Lender may be entitled on account of
<br />any default. Any such action by Lender shall not tie construed as curing the default so as ta bar Lender from any remedy that it otherwise
<br />would have had.
<br />WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Deed of Trust:
<br />Title. Trustor warrants that: (a) Trustor holds good and marketable title of record to the Praperty in fee simple, free and clear of all
<br />liens and encumbrances other than those set forth in the Real Property description or in the Existing Indebtedness section below or in
<br />any title insurance policy, title report, or final title opinion issued in favor of, and accepted by, Lender in connection with this Deed of
<br />7rust, and (b) 7rustor has the full right, power, and authority to execute and deliver this Deed of 7rust to Lender.
<br />Defense of 7itle. Subject to the exception in the paragraph above, 'frustor warrants and will fprever defend the title to the I'roperty
<br />against the lawful claims of all persons. In the event any action or proceeding is commenced that questions Trustor's title or the
<br />interest of Trustee or Lender under this Deed of Trust, Trustor shall defend the action at Trustor's expense. Trustor may be the
<br />nominal party in such prpceeding, but Lender shall be entitled to participate in the proceeding and to be represented in the proceeding
<br />by counsel of Lender's own choice, and Trustor will deliver, or cause to be delivered, to Lender such instruments as Lender may
<br />request from time to time to permit such participatipn.
<br />C�mpllanca With Laws. Trustor warrants tttaf th� Property and Trustor's use of tfie Property complies with all existirag applicable
<br />laws, ordinances, and regulatians af gpvsrnmental authoritles.
<br />Survival of Promises. All promises, agreements, and statements Trustor has made in this Deed of Trust shall survive the execution
<br />and delivery of this beed 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 INDEB7EbNE55. The following provisions concerning Existing Indebtedness are a part of this Deed of Trust:
<br />Existing Llen. The lien of this Deed of Trust securing the Indebtedness may be secondary and inferior to the lien securing payment of
<br />an existing ok�ligatian. Tha existing obligation has a current principal balance of approximately $168,375.00. The obligation has the
<br />following payment terms: $1,064.00 per Month. Trustor expressly covenants and agrees to pay, or see to the payment of, the
<br />Existing Indebtedness and to prevent any default an such indebtedness, any default under the instruments evidencing such
<br />indebtedness, or any default under any security documents for such indebtedness.
<br />No Madification. 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 af 7rust by which that agreement is modified, amended, extended, or renewed withaut
<br />tha prfpr written consent of Lender. Trustor shall neither request nor accept any future advances under any such security agreement
<br />without the prior written consent of Lender.
<br />CONDEMNATIQN. The following provisions relating to condemnation proceedings are a part of this Deed of Trust:
<br />Proceedings. If any proceeding in condemnation is filed, Trustor shall promptly notify Lender in writing, and Trustor shall promptly
<br />take such steps as may be necessary to defend the action and obtain the award. Trustor may be the nominal party in such
<br />proceeding, but Lender shall be entitled to participate in the proceeding and to be represented in the proceeding by counsel of its own
<br />choice, and Trustar will deliver or cause to be delivered to Lender such instruments and documentation 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 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
<br />to the Indebtedness or the repair or restoration of the Property. 7he net proceeds of the award shall maan the award after payment of
<br />all reasonable costs, expenses, and attomeys' fees incurred by 7rustee or Lender in connection with the condemnation.
<br />IMPOSITION OF TAXES, FEES ANb CHARGES BY GOVERNMENTAL AIITHORITIES. The following provisions relating to governmental
<br />taxes, fees and charges are a part of this Deed of'Trust:
<br />Current 7axes, Faes and Charges. Upon request by Lender, Trustor shall execute such documents in addition to this bead of Trust
<br />and take whatever other action is requested by Lender to pertect and continue Lender's lien on the Resl Property. Trustor shall
<br />relmburse Lender for all taxes, as described below, together with all expenses incurred in recording, perfecting or continuing this Deed
<br />of Trust, including without limitation all taxes, fees, documentary stamps, and other charges for racording ar ragistering this Daad of
<br />7rust.
<br />Taxes. The following shall constitute taxes to which this section applies: (1) a specific tax upon this type of Deed of Trust or upon
<br />all or any part af the Indebtedness secured by this Deed of Trust; (2) a specific tax on Trustor which Trustor is authorized 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 peed of Trust
<br />chargeable against the Lender or tha holder of the Credit Agreement; and (4) a specific tax on all or any portion of the Indebtedness
<br />or on payments pf principal and interest made by Trustor.
<br />Subsequent Taxes. If any tax to which this section applies is enacted subsequent ta 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 Trustor either (1) pays the tax before it becomes delinquent; or (2) cantests the tax as provided above in the
<br />7axes and Lisns section and deposits with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender.
<br />SECURITY AGREEMENT; FINANCING S7ATEMENTS. The following provisions relating to this Daed of Trust as a security agreement are a
<br />part of this Deed of Trust:
<br />Security Agreement. This instrument shall constituta a Security Agreement to the extent any of the Property constitutes fixtures, and
<br />Lender shall have all of the rights of a secured party under the Uniform Commercial Code as amended from time to time.
<br />Security Interest. Upon request by Lender, Trustor shall take whatever action is requested by Lender to pertect and continue Lender's
<br />security interest in the Personal Property. In additian to recording this Deed of Trust in the real praperty records, Lender may, at any
<br />time and without further authorization from Trustqr, file executed counterparts, copies or reproductipns pf this Deed of Trust as a
<br />financing statement. Trustor shall reimburse Lender for all expenses incurred in pertecting or continuing this security interest. llpon
<br />default, Trustar shall not remove, sever or detach the Personal Property frpm the Property. Upon default, Trustor shall assemble any
<br />Personal Property not a�xed to the Property in a manner and at a place reasonably convenient to Trustor and Lender and make it
<br />available to Lender within three (3) d�ys after receipt of written demand frpm Lender to the extent permitted by applicable law.
<br />Addresses. The mailing addresses of Trustor (debtor) and Lender (secured parry) from which infarmation concerning the security
<br />interest granted by this beed 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 af
<br />this Deed of Trust:
<br />Furthar Assurances. 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 statements, 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) Trustor's abligations under the Credit Agreement, this Deed of 7rust, and
<br />the Related �ocuments, and (2) the liens and security inkerests created by this Deed of Trust on tlie Property, whether now owned
<br />or hereafter acquired by 7rustor. Unless prohibited by I.aw or Lender agrees ta the contrary in writing, Trustor shall reimburse Lender
<br />for al4 costs and expenses incurred in connectian with the matters referred tp in this paragraph.
<br />y4ttorney-in-Fact. If Trustor fails ta do any of the things referred to in the preceding paragraph; Lender may do so for and in the name
<br />of Trustor and at Trustor's expense. For such purposes, Trustor hereby irrevocably appoints Lender as Trustor's attorney-in-fact for
<br />th� purpose of making, executing, deiivering, filing, recording, and doing all other things as may kfe necessary or desirsble, in Lender's
<br />sole opinion, ta accomplish the matters referred to in the preceding paragraph.
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