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09/04/2009 11:56 5 62 C13S.7 209-9 . k PAGE 09
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<br /> DEED OF TRUST
<br /> Loan No: 10055409 (Continued) page S
<br /> Event of Default. Tho words"Event of Default'moan any of the events of default set forth In thus Deed o1 Trust In the events of default
<br /> section of this Deed at T"L
<br /> Guarantor. The word"Guarantor"moans any guerenlor,surely,or accommodation perry,of any or all of the Indebtedness.
<br /> Guomnly. The word'Guaranty"means the guaranty from Guarantor Io Lender,Including without limitation a guaranty of all or part of the
<br /> Note.
<br /> Ho2ardo08 Substances. The words "Hazardous Substances" mean materials that,because of Their quanely, concentration a physlcsl,
<br /> chemical or Infactlou6 Charectadstics,may rause a posa a present Or potential hazard to human health or the anvkonmenl when Improperly
<br /> used, treatod, stored,disposed of,generated, manufactured,transported or otharwisa handled. The wads "Hazardous Subslames" aro
<br /> used In ihelr very broadest sense and Include without tlmltation any and all hazardous or toxic substances,materiels or,waste as defined by
<br /> or listed under the Environmental Laws.. The term 'HA2ardous•Substances" also Includes, wlthmd itmllegon, petroleum end petroleum
<br /> by-products Or airy Fraction thereof end esbaslos.
<br /> Improvements.. The word"Imp(bvomants'means:all axlsting and future Improvements,buildings,structures,moblle homes affixed on the
<br /> Real Property,faclllfles,additions;replacements and other consiructlon on the Real Property.
<br /> Indebtedness.-The word"Indebtedness'meansall principal,Interest,and other amounts,costs and expanses payable under the Note Or
<br /> Related Documents,Iogelhgr With all renewals of.extensions of,modifications of,consolidations of and substitutions far the Nota fir Related
<br /> Dpouments and any Amounts expanded or advanced by Lander to discharge Trusfa's obligations or expenses Incurred by Trustee or
<br /> Lender to anform Trustor's obligations under this Dead of Trust,together with Interest on such amounts as provided In this Used of Trust.
<br /> Lender. The word"Lender"means Community Bank of Sin Jeequin,Its successors and assigns.
<br /> Note. The wad"Note"meths the promissory note dated November 12,2o03,In the original principal amount of$552,500.00
<br /> from Trustor to Lander,together with as ronewals of,axtonsfons of,modlficalions of, refinancings at,consolidations of,and sUbstllufions For
<br /> the promissory mala or agreement.NOTICE TO TRUSTOR:THE NOTE CONTAINS A VARIABLE INTEREST RATE.
<br /> Personal Property. The words"Persons!Properly"mean all equipment,fixtures,and other articles of personal properly now or hereafter
<br /> Owned by Trustor, and now or hereafter attached or affixed to the Pool Property;together with as mceassfons,parts, and additions to,all
<br /> replacements of,and,art•substitutions for, any of such property;end together with all proceeds Oncluding without limitation all Insurance
<br /> proceeds and refunds of'premium&)from any safe or other disposition of the Property.
<br /> Property. The word"Proparty'means collootivaly the Real Property and the Personal Property,
<br /> Reel Property. The words'Real Proparty"mean the reel praporty,anteraats and rights,as further described in this Dead of Trust.
<br /> Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreemonts,ehvlranmantal
<br /> agreements,security agreements,mortgages,deeds of trust,security deeds;collateral mortgages;and all ether Instruments,agreements and
<br /> documanls,whether now or haraaflar existing,executed In connectlon with the Indebtedness.
<br /> Rents. The word"Runts"moans all present and future losses,rants,revenues,Income,Issues,royalties,profits,andother benefits derived
<br /> from the Property together with the cash proceeds at the Rents,
<br /> Trustee. Tha word"Trusleo'means Punt American Title Comperry,whose address Is 501 W.Watror Avg.,Suite 300,Stockton,CA 95203
<br /> and any subslaula or successor trustees.
<br /> Truatcr. The word"Trustor means Wizard Prapwiles,I.I.C.
<br /> TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS'OF THIS DEED OF TRUST,AND TRUSTOR AGREES TO ITS TERMS,
<br /> INCLUDING THE VARIAULE RATE PROVISIONS OF THE NOTE SECURED BY THIS DEED OF TRUST.
<br /> TRUSTOR: .. .
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<br /> W12ARD PROPERTIES,LLC
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<br /> Dowd ober, emn�p iwl.,d eLC
<br /> Junne 7,2MateTc , Gyh
<br /> cvocable Trual dated,
<br /> 003
<br /> under the a no of a Trust greement dated Jure f;2a0d MEMBE'�p r+ '^
<br /> XT:•:
<br /> M. Rendon Howard,Trualee Of M. Randall Howard,Revocable Trust under the
<br /> pro slona of 4 Trust Agreement MEMBE
<br /> yR y ��ay.�
<br /> xh;� II t� •...:e`.Yd L JttV i"�' Ar g4.f Y'f3 `334.ryr.
<br /> Phi to R urn, Trustee of Philip R. Dunn Separate Property Tryst under the
<br /> pr Islons of aTrust Agreement MEMBER
<br />
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