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<br />Loan No: 1012362p7
<br />DEED OF TRUST 2 O � Q O S G 7 S
<br />(Continued)
<br />Page 5
<br />part af this Deed of 7rust:
<br />Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property cpnstitutes 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 perfect and continue Lendar's
<br />security interest in the Rents and Personal Property. In addition to recording this Deed of Trust in the real property records, Lender
<br />may, at any time and without further authorization from 7rustor, file executed counterparts, copies or reproductions of this Deed of
<br />Trust as a financing statement. 7rustor shall reimburse Lender for all expenses incurred in perfecting or cnntinuing this security
<br />interest. Upon default, Trustor shall not remove, sever or deTach the Personal Property from the Property. Upan default, Trustor shall
<br />assemble any Parsonal Property not affixed to the Property in a manner and at a placa reasonably convenient to Trustor and Lender
<br />and make it aveilable to Lender within three (3) days efter receipt of written demand from Lender tp the extent permitted by applicable
<br />law.
<br />Addresses. 7he mailing addresaes pf Trustor (debtor) and Lender (secured party) from which infprmation concerning the security
<br />interest granted 6y this Deed of Trust may be obtained (each as requirad by the Unifarm Commercial Code) are as stated on the firat
<br />pega of this Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FAC7. 7ha following provisions relating to further assurances and attorney-in-fact are a part of
<br />thia Dead of Trust:
<br />Further Assurances. At any time, and from time to time, upon request of Lender, Trustor will make, axecute and deliver, or will cause
<br />to be made, executed or delivered, to Lender or to Lender's designee, and when requested hy Lender, cause to be filed, recorded,
<br />rafiled, ar rerecorded, as the case may be, at such times and in such offices snd places as Lender may deem appropriate, any and all
<br />such martgages, deeds pf trust, security deeds, security agreemants, financing statements, continuation statements, instruments of
<br />further assurance, certificates, and ather documents as may, in the sole opinion of Lender, be necessary nr desiral�le in order to
<br />effectuate, complete, perfect, continue, or preserve (1) 8orrower's and 7rustor's obligatiqns under the Note, this Deed of Trust, and
<br />the Related Dacumants, end (2) [he liens and security interests created by this Deed of Trust as first and prior liens on the Praperty,
<br />whether now owned or hereafter acquired by 7rustor. Unless prahibited by law or Lender agrees to the contrary in writing, Trustqr
<br />shall reimburse Lender for all costs and expenses incurred in connection with the ma[ters referred to in this paragreph.
<br />Attorney-in-Fact. If Trustor tails to do any of the things referred to in the preceding paragraph, Lendar may dp sq 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 />the purpose vf making, executing, delivering, filing, recording, and doing all other things es may 6e necessary or desirable, in Lender's
<br />sole ppinion, to accomplish the matters referred to in the preceding paragraph.
<br />PULL PERFQRMANCE. If Borrower and Trustor pay all the Indebtednesx, including withaut limitation all future advances, whan dua, and
<br />Trustnr otherwise perfprms all the obligations imposed upon Trustor under this Deed of Trust, Lender shall execute and deliver ta Trustee a
<br />request for full reconveyance and shall execute and deliver tn Truatar suitatale statements of termination of any tinancing statament an file
<br />evidencing Lender's security interest in the Rents and the Personal Property, Any reconvayence fae required by law shall be paid by
<br />Trustor, if permitted by applicable law.
<br />EVENTS OF DEFAULT. Each nf the following, at Lender's option, shall constitute an Event of Default under this Deed of Trust:
<br />Payment Default. 8orrower fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Borrower or 7rustor fails to comply with or to perform any other term, obligation, covenant ar condition conteined in
<br />this Deed of 1'ruat or in any of the Related Documents or to comply with or to perform any term, nbligation, covenant or condition
<br />contained in any other agreement between Lender and Borrower or Trustor,
<br />Compliance Default. Failure tp comply with any other term, obligation, covenant or condition enntafned in this Deed of Trust, the Note
<br />or in any of the Related Dpcuments.
<br />Def�ult nn Other Payments. Failure of 7rustor within the time required by this Deed of Trust to make any payment for taxes or
<br />insurance, or any other payment necessary to prevent filing of or to affect discharge of any lien.
<br />False Statements. Any warranty, representation or statement mada pr furnished to Lender by Borrower or Trustar pr pn Bnrrower's or
<br />Trustor's behalf under this Deed vf Trust or the Related Documents is false or misleading in any material respect, either now or at the
<br />time made or furnished ar 6ecomes false or misleading at any time thereafter.
<br />Defective Collateralization. This Deed of Trust or any of the Related Documents ceases to be in full force and effect (including failura
<br />of any cnllateral document to create a valid and perfected security interast qr lisn) at any time and for any reason.
<br />Peath or Insolvency. The dissolution of Trustor's (regardless of whether election ta continue is madel, any member withdraws from
<br />the limited liability company, or any other termination of Borrower's or Trustpr's existence as a going business or the death of any
<br />member, the insolvency of Borrower pr Trustor, the appointment of a receiver for any part of Borrower's or Trustor's property, any
<br />assignment for the benefit of creditors, any type ot creditor workout, or the cammencement of any proceeding under any bankruptcy
<br />pr insolvency laws by or against 8orrower or Trustor.
<br />Creditor or Forfeiture Proceedings. Cammencement of fpreclosure or forfeiture proceedings, whether by judicial prnceeding, self-help,
<br />repassession or any other method, by any creditor of Borrower or Trustor or by any gpvernmental agency against any property
<br />securing the Indebtedness. This includes a garnishmant of any of Borrpwer's or Trustor's accounts, including deposit accaunts, with
<br />Lender. Mowever, this Event of Default shall nat apply if there is a good faith dispute by Borrower ar Trustor as to the validity or
<br />reasonableness of the claim which is the basis of the creditor or forfeiture procaeding and it Bnrrower or Trustor gives Lender written
<br />notice of the creditor or forfeiture proceeding and deposits with Lender mpnies or a surety bond for the creditor or forfeitura
<br />proceeding, in an amount detarmined by Lender, in its sole discretion, as being an adequate reserve or bvnd for the dispute.
<br />Breach of �ther Agreement. Any breach by Borrower or Trustvr under the terms of any ather agreement between Borrawsr or
<br />Trustor and Lender that is not remedied within any grace period provided therein, including withput limitation any agreement
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