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f►,�II[III�:��:f:�
<br />�EED OF TRUST
<br />(Continued)
<br />Page 4
<br />requfr�d to deduct fram payments an the Indebted►�ess secured by this type aF i]eed of Trust; (3) a tax an this type of pe�d af Trust
<br />chargeable agalnat the Lender or the hotder of the Note; and (4) a speci�ic tax on sif or any portion �N the lndebtedness ar an
<br />payments af principal and intereat made by Trustar.
<br />Subsequer�t Taxes. IP any tax to which this sectinn applies is enacted subsaqwent to the date pf this peed of Trust, this ev�nt ahail
<br />have #�e sama efFect as �n �vent of Default, �nd Lender may exercise any or all of It& avaltab6e remediea for an Evenf of Default as
<br />provid@d b��ow unless Trustor either (1) paya the tax before it becomes dallnquent, or (2} coritests the tax as provided abova !n the
<br />Taxes and Llens seetion and d�posits with L.endar cash or a sufficient corparate surety pand or ather s�CUrlty satisfactvey ta Lender.
<br />SECURITY AOREEMEld7; �tNANCING STATEMENTS. 'Che following prov(sior�s relatrng #o this I�eed of 7rust as x s�curity agreament are a
<br />part of this Daed af Trust;
<br />5�aaurCty Agraemerrt. T'his Instrument shall oansUtute a Sacarity qgreement to the extent any of fhe Property cotistitutes fixtures, and
<br />Lender shaii have al! of !he righfs af a secured party under the Unifarm Commerpaf Cade as am�nded fram time to time.
<br />Security Intnrest Upan request by I.ender, 7rust�r shall take whatever action � requeatad by Lender t� perfect and cvntinue I..ender's
<br />sacuri�y inter�dst in the Personal Property. In s�ddition to recording this �eed of TrusF ire the rea! praperly nscprds, Lender may, �t any
<br />#ime and without further authorizatlpn fram Trustar, fila sxBCUted counterp�rts, poples or r�eproductions of this Deed of Trust as a
<br />financing sfatement. Trusior shall relmburse Lender for all expenses Incurred in perfecting or c:ordinuing this security interest. Upan
<br />defauit, Trus6or shall not remava, sever or detach the Pe�sonal prvperty from the Property. Upor+ defauit, Trustor shall assemhle any
<br />Persanai Property not affixed ta the Praperty in a manner and at a place reasonahiy convenient to Trustor and l.�nder and make ft
<br />availapie to Lendsr within three (3) days after receipt of written demand from Lsnder to the e�etent permitted by ap}�Iicable law.
<br />Addresses. �he rnailing addresses af Trustor (dabtor) and Lender (secured party) from which informafian conoeminq #he security
<br />interest grarrted by this Dead of Trust may ba bbtained {each as required by the Uniform Commercial Code) are as stated on the first
<br />page aF this peed af Trust.
<br />FiJR1iiER ASSIJRANC�S; ATTO�2NEY-IN-F'ACT. The following provigions relating to fwrther assurances and attomey-in-fact are a part of
<br />this pesd vf Trust:
<br />Further Asaurances. At �ny time, end from time ta time, u�on request af Lender, Trustar will make, execute and de!(ver, or will nause
<br />ta pe made, executed ar �Ilvared, to Lender ar ta Lender's dasignee, �nd when requested by Lender, cause to be flled, recorded,
<br />reflted, or rerscorded, aa the case mey be, at such timas and in such afflces and pfaoes as Lender may deem e�ppropriate, �ny and alE
<br />such mortgages, deeds of trust, sscurity deeds, saouritty agr+e�meMs, financin� staUem�nts, con�nuation statements, instruments csf
<br />ftarther assurance, certificates, and other document& as m�y, In the so� opinion of Ler�der, 6e necassary vr desirabte in order tv
<br />effectuate, compfete, p�rtect, continue, or presQrve (1) 7rustor's obilgat�ons unt9rsr the Nate, this Deed af 7rust, and the Related
<br />Documents, and (2) the Ilens and security intenests created by tMis Deed of 7rust as flrst end prfor liens on the Prnparty, whetF�er
<br />nqw qwned nr hereatter acquired by Trustor. Unlesa prvhibited by law or Lender agrass to tha contrary in wrfing, 7rustar shall
<br />reimburse Lender for al! costs and axpenses incurred in opnnection with the mat6srs referred to in thls par�raph.
<br />Attomey-ir�•FaGt, If Trustar fails to do any of the lhings referred to in the preceding paragraph, Lender may do so for and in the name
<br />of 7'rustor and at Trustar's exper�e, �or such purpases, Trustor heraby irr�evocably appoints Lender aa Trusfor's atkamey-irrfact #ar
<br />the purpase of makir�g, executing, deEivering, filing, recording, �nd dotng all other things as may be necessary or desirable, in Lenders
<br />sole vpinion, to eccomplish the matb�rs referred to In the preceding paragraph.
<br />FULL p�R�pRMqNCE. IP Trustor pays sll the Indebtedness when due, and atherwlse perForms a11 the obilgations impased upon Tr�stnr
<br />under this Deed af Trust, Lander ahafl execute and deliver to Trushee a reqtiest for full reconveyance attd shalE axecute and deliver fo
<br />'rrustor suitabte statemeMs at terminatfan af any flnancing statement on file evidencinq �ender's security interest in the Rents and the
<br />Personal Prvparty. Any reconveyance fae required by !aw shall be paid by 7rustor, if permifted by applicable I�w,
<br />�V�NT5 bF OEFAULT. At Lender's opfion, Trust�ar will be In defiault under this Deed of Trust if any pi the follawing happen:
<br />�ayment pefaulk TrusWr fails to m�ke any payment when due under the Ind�btedness,
<br />Break Other Promises. Truetpr breaks any promise made to Lender or fails to perform promptly at tt7e time and s#rFctly in the manner
<br />provided In this Deed af Trust or in any agreemerrt re�ated to this I)eed of 7ruat, w
<br />Complianae pefault FaAure t� compiy with any vther term, abiigation, covenant dr eond�ion cqrrtained in this Deed of Trust, the Note
<br />or €n any of the Relatad �aouments.
<br />pefault on qther Payment�. Failure af 7rustar within the time requ(r+�d by this Deed pf Trust to make any payment fnr taxes or
<br />insurance, or any cther payment n�cessary tp prevent filin� of or to effect discharge of any lien.
<br />Faise Stat�ments. Any representation or statement made o� Eurnished to �.ender by Tnistor or pn �"rustor's behalf under St�is Deed of
<br />7rust or the Related Document� is f�Ese or misleading in any material respa�t, either now pr at the time made or fumished.
<br />Defeative Gollateratizatloif. This dead of Trust qr any rrf the Related Documents ceas�s to ba ln fu!! forc� arn! effect (inctuding failure
<br />af any cpllpteral document to crea#e a valid and pertected security interesE dr Ii�n) at srry time and for any reason.
<br />❑aath ar lnsah►�ncy. The death of Trustor, thd Insnlvency of Trustar, the appoinbnent of a receiver far any part nf 7rustors property,
<br />any assignmenk tpr the beneflt c�t cr�sditars, any type of creditor workout, or the commancement af any proce�ding undar any
<br />bankruptcy ar insplvency Iaws by pr aqalnst Trustar,
<br />taking vf the Praperqr. Any creditvr vr govemment�t agency tries to take any o�F the Prapariy or any other o# Trusta�'s property in
<br />which l.ender has a Iten. This �ncluders taking of, qarn(shing of or le�yin� on Trustot'a acoounts with l.snd�r. Mowever, if Trustor
<br />d3sput�s in gaod falth whether the claim on which the taking of the Property is based is vatid or reasonable, and if Trustor givas
<br />Landar written notiae of the cla(m aed furnfshac l.ender wfth monies or e surety bnnd satisfactory to Lender to satisiy the claim, then
<br />thia default prpvisipn wil! nat ap{�ly.
<br />Breach of Othar Agreemerrt. Any breach by '�rusCor under the terms of any other �c resment 6etw�aen Truskor and Lender that is nat
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