2026-002822

Klamath County, Oregon
03/31/2026 01:08:02 PM
Fee: $157.00

WMTC 1026976

WHEN RECORDED MAIL TO:

Sage Federal Credit Union
P.O.Box 1179
Klamath Falls, OR 97601

DEED OF TRUST

Grantor(s): DKC Rentals LL.C

Grantee(s): Sage Federal Credit Union

Legal Description:

Lot 8, Block 41 of KLAMATH FALLS FOREST ESTATES HIGHWAY 66 UNIT, PLAT NO. 2, according to the
official plat thereof on file in the office of the County Clerk of Klamath County, Oregon.

Assessor’s Property Tax Parcel or Account No.: 472946

THIS DEED OF TRUST IS DATED March 18, 2026 among DKC Rentals LLC, whose address is PO Box 4, Bonanza,
OR 97623 (referred to below as “Grantor™); Sage Federal Credit Union, whose address is 2972 Washburn Way, Klamath
Falls, OR 97603 (referred to below sometimes as “Lender” and sometimes as “Beneficiary”); and AmeriTitle, LLC,
whose address is 404 Main St., Ste 1, Klamath Falls, OR 97601 (referred to below as “Trustee”).

CONVEYANCE AND GRANT. For valuable consideration, Grantor conveys to Trustee in trust with power of sale,
right of entry and possession and for the benefit of Lender as Beneficiary all of Grantor's right, title, and interest in and to
the real property described above, together with all existing or subsequently erected or affixed buildings, improvements
and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in
utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including
without limitation all minerals, oil, gas, geothermal and similar matters. The Real Property is located in Klamath
County, State of Oregon {the “Real Property™), and its address is 6111 Flamingo Dr, Bonanza, OR 97623.

Grantor hereby assigns as security to Lender, all of Grantor's right, title, and interest in and to all leases, Rents, and
profits of the Property. Lender grants to Grantor a license to collect the Rents and profits, which license may be revoked
at Lender's option and shall be antomatically revoked upon accelferation of all or part of the Indebtedness.

DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust. Terms not
otherwise defined in this Deed of Trust shall have the meanings attributed to such terms in the Uniform Commercial

Code. All references to dollar amounts shall mean amounts in lawful money of the United States of America.

Beneficiary. The word “Beneficiary” means Sage Crest Federal Credit Union, its successors and assigns. Sage
Federal Credit Union, also is referred to as “Lender” in this Deed of Trust.

Borrower. The word “Borrower” means DKC Rentals LLC.

Page ] - DEED OF TRUST
©2017 Farleigh Wada Witt

Deed of Trust. The words “Deed of Trust” mean this Deed of Trust among Grantor, Lender, and Trustee, and
includes without limitation all assignment and security interest provisions relating to the Personal Property and
Rents.

Guarantor. The word “Guarantor” means and includes without limitation, any and all guarantors, sureties, and
accommodation parties in connection with the Indebtedness.

Improvements. The word “Improvements” means and includes without limitation all existing and future
improvements, fixtures, buildings, structures, mobile homes affixed on the Real Property, facilities, additions and
other construction on the Real Property.

Indebtedness. The word “Indebtedness™ means all principal and interest payable under the Note and any amounts
expended or advanced by Lender to discharge obligations of Grantor or expenses incurred by Trustee or Lender to
enforce obligations of Grantor under this Deed of Trust or any of the Related Documents, together with interest on
such amounts as provided in the Note. The word “Indebtedness” also includes all other obligations, debts, and
liabilities of Borrower or Grantor to Lender, or any one or more of them, as well as all claims by Lender against
Borrower or Grantor, or any one or more of them; that are now or hereafter existing, voluntary or involuntary, due
or not due, absolute or contingent, liquidated or unliquidated; whether Borrower or Grantor may be liable
individually or jointly with others; whether Borrower or Grantor may be obligated as a guarantor, surety, or
otherwise; whether recovery upon such Indebtedness may be or hereafter may become barred by any statute of
limitations; and whether such Indebtedness may be or hereafter may become otherwise unenforceable.

Note. The word “Note” means the Note dated March 18, 2026, in the principal amount of Two Hundred Forty-
Two Thousand, Four Hundred Dollars ($242,400) from Borrower to Lender, together with all renewals, extensions,
modifications, refinancings, and substitutions for the Note. The rate of interest on the Note is subject to indexing,
adjustment, renewal, or renegotiation. The maturity date of this Note, if not sooner paid, is March 30, 2036.

Personal Property. The words “Personal Property” mean all equipment, fixtures, and other articles of personal
property now or hereafter owned by Grantor, and now or hereafter attached or affixed to the Real Property;
together with all accessions, parts, and additions to, all replacements of, and all substitutions for, any of such
property; and together with all proceeds (including without limitation all insurance proceeds and refunds of
premiums) from any sale or other disposition of the Property.

Property. The word “Property” means collectively the Real Property and the Personal Property.

Real Property. The words “Real Property” mean the property, interests and rights described above in the
“Conveyance and Grant™ section.

Related Documents. The words “Related Documents” mean and include without limitation all promissory notes,
credit agreements, loan agreements, guaranties, security agreements, mortgages, deeds of trust, and all other
instranments, agreements and documents, whether now or hereafter existing, executed in connection with the
Indebtedness.

Rents. The word “Rents™ means all present and future rents, revenues, income, issues, royalties, profits, and other
benefits derived from the Property.

Trustee. The word “Trustee” means AmeriTitle, LLC and any substitute or successor trustees.

THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE
RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2)
PERFORMANCE OF ANY AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THE RELATED
DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF
RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS ALSO GIVEN TO

Page 2 - DEED OF TRUST

©2017 Farleigh Wada Wirt

SECURE ANY AND ALL OBLIGATIONS OF GRANTOR UNDER THAT CERTAIN BUSINESS LOAN
AGREEMENT BETWEEN GRANTOR AND LENDER OF EVEN DATE HEREWITH. ANY EVENT OF DEFAULT
UNDER THE BUSINESS LOAN AGREEMENT, OR ANY OF THE RELATED DOCUMENTS REFERRED TO
THEREIN, SHALL ALSO BE AN EVENT OF DEFAULT UNDER THIS DEED OF TRUST. THENOTE AND THIS
DEED OF TRUST ARE GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:

GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any “one action” or “anti-
deficiency” law, or any other law which may prevent Lender from bringing any action against Grantor, including a claim
for deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lender's
commencement or completion of any foreclosure action, either judicially or by exercise of a power of sale.

GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that: (a) this Deed of Trust is
executed at Borrower's request and not at the request of Lender; (b) Grantor has the full power and right to enter into this
Deed of Trust and to hypothecate the Property; (c) Grantor has established adequate means of obtaining from Borrower
on a continuing basis information about Borrower’s financial condition; and (d) Lender has made no representation to
Grantor about Borrower (including without limitation the creditworthiness of Borrower).

PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Grantor shall pay to Lender
all Indebtedness secured by this Deed of Trust as it becomes due, and Grantor shall strictly perform all of Grantor's
obligations under the Note, this Deed of Trust, and the Related Documents.

POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor agrees that Grantor's possession and use of
the Property shall be governed by the following provisions:

Possession and Use. Until the occurrence of an Event of Default, Grantor may (a) remain in possession and
control of the Property, (b) use, operate or manage the Property, and (c) collect any Rents from the Property. The
following provisions relate to the use of the Property or to other limitations on the Property.

Duty to Maintain. Grantor shall maintain the Property in tenantable condition and promptly perform all repairs,
replacements, and maintenance necessary to preserve its value.

Hazardous Substances. The terms “hazardous waste,” “hazardous substance,” “disposal,” “release,” and
“threatened release,” as used in this Deed of Trust, shall have the same meanings as set forth in the Comprehensive
Environmental Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. Section 9601, et seq.
(“CERCLA”), the Superfund Amendments and Reauthorization Act of 1986, Pub. L. No. 99-499 (“SARA”), the
Hazardous Materials Transportation Act, 49 U.S.C. Section 1801, et seq., the Resource Conservation and Recovery
Act, 49 U.S.C. Section 6901, et seq., or other applicable state or Federal laws, rules, or regulations adopted
pursuant to any of the foregoing. Grantor represents and warrants to Lender that: (a) During the period of Grantor's
ownership of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or
threatened release of any hazardous waste or substance by any person on, under, or about the Property; (b) Grantor
has no knowledge of,, or reason to believe that there has been, except as previously disclosed to and acknowledged
by Lender in writing, (i) any use, generation, manufacture, storage, treatment, disposal, release, or threatened
release of any hazardous waste or substance by any prior owners or occupants of the Property or (ii) any actual or
threatened litigation or claims of any kind by any persen relating to such matters; and (c) Except as previously
disclosed to and acknowledged by Lender in writing, (i) neither Grantor nor any tenant, contractor, agent or other
authorized user of the Property shall use, generate, manufacture, store, treat, dispose of, or release any hazardous
waste or substance on, under, or about the Property and (ii) any such activity shall be conducted in compliance with
all applicable federal, state, and local laws, regulations and ordinances, including without limitation those laws,
regulations, and ordinances described above. Grantor authorizes Lender and its agents to enter upon the Property
to make such inspections and tests as Lender may deem appropriate to determine compliance of the Property with
this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's purposes only and
shall not be construed to create any responsibility or liability on the part of Lender to Grantor or to any other
person. The representations and warranties contained herein are based on Grantor's due diligence in investigating
the Property for hazardous waste. Grantor hereby (a) releases and waives any future claims against Lender for

Page 3 - DEED OF TRUST
©2017 Faleigh Wada Witt

indemnity or contribution in the event Grantor becomes liable for cleanup or other costs under any such laws, and
(b) agrees to indemnify and hold harmless Lender against any and all claims, losses, liabilities, damages, penalties,
and expenses which Lender may directly or indirectly sustain or suffer resulting from a breach of this section of the
Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, release or threatened
release occurring prior to Grantor's ownership or interest in the Property, whether or not the same was or should
have been known to Grantor. The provisions of this section of the Deed of Trust, including the obligation to
indemnify, shall survive the payment of the Indebtedness and the satisfaction and reconveyance of the lien of this
Deed of Trust and shall not be affected by Lender's acquisition of any interest in the Property, whether by
foreclosure or otherwise.

Nuisance, Waste, Grantor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any
stripping of or waste on or to the Property or any portion of the Property. Specifically, without limitation, Grantor
will not remove, or grant to any other party the right to remove, any timber, minerals (including oil and gas), soil,
gravel or rock products without the prior written consent of Lender.

Removal of Improvements. Grantor shall not demolish or remove any Improvements from the Real Property
without the prior written consent of Lender. As a condition to the removal of any Improvements, Lender may
require Grantor to make arrangements satisfactory to Lender to replace such Improvements with Improvements of
at least equal value.

Lender's Right to Enter. Lender and its agents and representatives may enter upon the Real Property at all
reasonable times to attend to Lender's interests and to inspect the Property for purposes of Grantor's compliance
with the terms and conditions of this Deed of Trust.

Compliance with Governmental Requirements. Grantor shall promptly comply with all laws, ordinances, and
regulations, now or hereafter in effect, of all governmental authorities applicable to the use or occupancy of the
Property. Grantor may contest in good faith any such law, ordinance, or regulation and withhold compliance
during any proceeding, including appropriate appeals, so long as Grantor has notified Lender in writing prior to
doing so and so long as, in Lender's sole opinion, Lender's interests in the Property are not jeopardized. Lender
may require Grantor to post adequate security or a surety bond, reasonably satisfactory to Lender, to protect
Lender's interest.

Duty to Protect. Grantor agrees not to abandon or leave unattended the Property. Grantor shall do all other acts,
in addition to those acts set forth above in this section, which from the character and use of the Property are
reasonably necessary to protect and preserve the Property.

ADA/FHAA Compliance. So long as this Deed of Trust remains outstanding, Grantor will, at its own cost and
expense, in respect of the Property and in respect of Grantor’s business activities at or within the Property: (a)
comply with all requirements of the federal Americans with Disabilities Act (the “ADA™) and the federal Fair
Housing Amendments Act of 1988 (the “FHAA”) and the rules and regulations promulgated thereunder (the
“Rules”), to the extent applicable to Grantor’s ownership, management, operation, leasing, use, construction,
reconstruction, repair, remodeling, rehabilitation, or alteration of the Property or any part thereof; (b) immediately
provide to Lender written notice (and copies of) any and all notices of actual, potential, or alleged violations of the
ADA, the FHAA, or the Rules and any and all governmental investigations or regulatory actions instituted or
threatened against Grantor or the Property or Grantor’s business activities at or within the Property regarding the
ADA, the FHAA, or the Rules; and (c) furnish to Lender, from time to time whenever reasonably requested by
Lender, a Compliance Assessment, in form and substance reasonably satisfactory to Lender, prepared by an
architect or engineer with skill, experience, and reputation acceptable to Lender, in the field of compliance with the
ADA or the FHAA, as applicable.

Reappraisals. Lender shall have the right to obtain at Grantor’s cost and expense reappraisals of the Property from
any licensed or certified appraiser designated by Lender, from time to time (a) whenever such reappraisal may be
required by any law, rule, or regulation applicable to the conduct of Lender’s business, or may be requested or
directed by any governmental authority charged with the administration of such law, rule, or regulation or Lender’s

Page 4 - DEED OF TRUST
©2017 Farleigh Wada Witt

compliance therewith, whether or not such request or direction has the force of law, or (b) whenever Lender has
reasonable cause to believe that the then-current loan-to-value ratio applicable to the loan or loans secured by the
Property exceed the original loan-to-value ratio approved by Lender with respect to such loan or loans, or (c)
whenever reasonably deemed appropriate by Lender following the occurrence or during the continnation of an
Event of Default. Lender may use the results of such reappraisal to evaluate and restructure such loan or loans, if
necessary, in Lender’s reasonable discretion.

DUE ON SALE - CONSENT BY LENDER. Lender may, at its option, (a) declare immediately due and payable all
sums secured by this Deed of Trust or (b) increase the interest rate provided in the Note or other document evidencing
the indebtedness and impose such other conditions as Lender deems appropriate, upon the sale or transfer, without the
Lender's prior written consent which consent shall not be unreasonably withheld, of all or any part of the Real Property,
or any interest in the Real Property. A “sale or transfer” means the conveyance of Real Property or any right, title or
interest therein; whether legal or equitable; whether voluntary or involuntary; whether by ontright sale, deed, installment
sale contract, land contract, contract for deed, leasehold interest with a term greater than three (3) years, lease-option
contract, or by sale, assignment, or transfer of any beneficial interest in or to any land trust holding title to the Real
Property, or by any other method of conveyance of Real Property interest. If any Grantor is a corporation or partnership
or limited liability company, transfer also includes any change in ownership of more than twenty-five percent (25%) of
the voting stock or partnership interests or membership interests, as the case may be, of Grantor. However, this option
shall not be exercised by Lender if such exercise is prohibited by federal law.

TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are a part of this Deed of
Trust.

Payment. Grantor shall pay when due (and in all events prior to delinquency) all taxes, special taxes, assessments,
charges (including water and sewer), fines and impositions levied against or on account of the Property, and shall
pay when due all claims for work done on or for services rendered or material furnished to the Property. Grantor
shall maintain the Property free of all liens having priority over or equal to the interest of Lender under this Deed of
Trust, except for the lien of taxes and assessments not due, except for the existing indebtedness referred to below,
and except as otherwise provided in this Deed of Trust.

Right To Centest. Grantor may withhold payment of any tax, assessment, or claim in connection with a goed faith
dispute over the obligation to pay, so long as Lender's interest in the Property is not jeopardized. If a lien arises or
is filed as a result of nonpayment, Grantor shall within fifteen (15) days after the lien arises or, if a lien is filed,
within fifteen (15) days after Grantor has notice of the filing, secure the discharge of the lien, or if requested by
Lender, deposit with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender in an
amount sufficient to discharge the lien plus any costs and attorneys' fees or other charges that could accrue as a
result of a foreclosure or sale under the lien. In any contest, Grantor shall defend itself and Lender and shall satisfy
any adverse judgment before enforcement against the Property. Grantor shall name Lender as an additional obligee
under any surety bond furnished in the contest proceedings.

Evidence of Payment. Grantor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes
or assessments and shall authorize the appropriate governmental official to deliver to Lender at any time a written
statement of the taxes and assessments against the Property.

Notice of Construction. Grantor shall notify Lender at least 15 days before any work is commenced, any services
are furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or other lien
could be asserted on account of the work, services, or materials and the cost exceeds $5,000.00. Grantor willupon
request of Lender furnish to Lender advance assurances satisfactory to Lender that Grantor can and will pay the
cost of such improvements.

PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this
Deed of Trust.

Page 5 - DEED OF TRUST
©2017 Farleigh Wada Witt

Maintenance of Insurance. Grantor shall procure and maintain policies of fire insurance with standard extended
coverage endorsements on a replacement basis for the full insurable value covering all Improvements on the Real
Property in an amount sufficient to avoid application of any coinsurance clause, and with a standard mortgagee
clause in favor of Lender, together with such other insurance, including but not limited to hazard, liability, business
interruption, and boiler insurance, as Lender may reasonably require. Policies shall be written in form, amounts,
coverages and basis reasonably acceptable to Lender and issued by a company or companies reasonably acceptable
to Lender. Grantor, upon request of Lender, will deliver to Lender from time to time the policies or certificates of
insurance in form satisfactory to Lender, including stipulations that coverages will not be cancelled or diminished
without at least thirty (30) days’ prior written notice to Lender. Should the Real Property at any time become
located in an area designated by the Director of the Federal Emergency Management Agency as a special flood
hazard area, Grantor agrees to obtain and maintain Federal Flood Insurance to the extent such insurance is required
and is or becomes available, for the term of the loan and for the full unpaid principal balance of the loan, or the
maximum limit of coverage that is available, whichever is less.

Application of Proceeds. Grantor shall promptly notify Lender of any loss or damage to the Property if the
estimated cost of repair or replacement exceeds $5,000.00. Lender may make proof of loss if Grantor fails to do so
within fifteen (15) days of the casualty. If this Deed of Trust is not in default for any reason other than damage to
or loss of the Property, and if the estimated value (as determined by Lender in its reasonable discretion) of the
Property after repair, restoration, or replacement is equal to or greater than the value of the Property on the date of
this Deed of Trust, Lender shall receive the proceeds and apply the proceeds to the repair, restoration, and
replacement of the Property. Ifthis Deed of Trust is in default for any reason other than damage to the Property, or
if the estimated value (as determined by Lender in its reasonable discretion) of the Property after repair, restoration,
or replacement is less than the value of the Property on the date of this Deed of Trust, Lender may, at its election,
receive and retain the proceeds and apply the same to the reduction of the Indebtedness and/or the payment of any
lien affecting the Property. If the proceeds are applied to repair, restoration and replacement, Grantor shall repair
or replace the damaged or destroyed Improvements in a manner satisfactory to Lender. Lender shall, upon
satisfactory proof of such expenditure, pay or reimburse Grantor from the proceeds for the reasonable cost of repair
or restoration if Grantor is not in default under this Deed of Trust. Any proceeds which have not been disbursed
within 180 days after their receipt and which Lender has not committed to the repair or restoration of the Property
shall be used first to pay any amount owing to Lender under this Deed of Trust, then to pay accrued interest, and
the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds any proceeds
after payment in full of the Indebtedness, such proceeds shall be paid to Grantor as Grantor's interests may appear.

Unexpired Insurance at Sale. Any unexpired insurance shall inure to the benefit of, and pass to, the purchaser of
the Property covered by this Deed of Trust at any trustee's sale or other sale held under the provisions of this Deed
of Trust, or at any foreclosure sale of such Property.

Grantor's Report on Insurance. Upon request of Lender, however not more than once a year, Grantor shall
furnish to Lender a report on each existing policy of insurance showing: (a) the name of the insurer; (b) the risks
insured; (c) the amount of the policy; (d) the property insured, the then current replacement value of such property,
and the manner of determining that value; and (e) the expiration date of the policy. Grantor shall, upon request of
Lender, have an independent appraiser satisfactory to Lender determine the cash value replacement cost of the

Property.
WARNING

Unless Grantor provides Lender with evidence of the insurance coverage as required herein, Lender
may purchase insurance at Grantor’s expense to protect Lender’s interest. This insurance may, but
need not, also protect Grantor’s interest. If the Property becomes damaged, the coverage Lender
purchases may not pay any claim Grantor makes or any claim made against Grantor. Grantor may
later cancel this coverage by providing evidence that Grantor has obtained property coverage
elsewhere.

Page 6 - DEED OF TRUST
©2017 Farleigh Wada Witt

Grantor is responsible for the cost of any insurance purchased by Lender. The cost of this insurance
may be added to the Note balance. If the cost is added to the Note balance, the interest rate on the Note
will apply to this added amount. The effective date of coverage may be the date Grantor’s prior
coverage lapsed or the date Grantor failed to provide proof of coverage.

The coverage Lender purchases may be considerably more expensive than insurance Grantor can
obtain on Grantor’s own and may not satisfy any need for property damage coverage or any
mandatory liability insurance requirements imposed by applicable law.

TAX AND INSURANCE RESERVES, Subject to any limitations set by applicable law and if Grantor fails to pay any
taxes, assessments or insurance when due, Lender may require Grantor to maintain with Lender reserves for payment of
annual taxes, assessments, and insurance premiums, which reserves shall be created by advance payment or monthly
payments of a sum estimated by Lender to be sufficient to produce, at least fifteen (15) days before due, amounts at least
equal to the taxes, assessments, and insurance premiums to be paid. If fifteen (15) days before payment is due the
reserve funds are insufficient, Grantor shall upon demand pay any deficiency to Lender. The reserve funds shall be held
by Lender as a general deposit from Grantor, which Lender may satisfy by payment of the taxes, assessments, and
insurance premiums required to be paid by Grantor as they become due. Lender shall have the right to draw upon the
reserve funds to pay such items, and Lender shall not be required to determine the validity or accuracy of any item before
paying it. Nothing in the Deed of Trust shall be construed as requiring Lender to advance other monies for such
purposes, and Lender shall not incur any liability for anything it may do or omit to do with respect to the reserve account.
All amounts in the reserve account are hereby pledged to further secure the Indebtedness, and Lender is hereby
authorized to withdraw and apply such amounts on the Indebtedness upon the occurrence of an Event of Default. Lender
shall not be required to pay any interest or earnings on the reserve funds unless required by law or agreed to by Lender in
writing. Lender does not hold the reserve funds in trust for Grantor, and Lender is not the agent of Grantor for payment
of the taxes and assessments required to be paid by Grantor.

EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this Deed of Trust, or if any action
or proceeding is commenced that would materially affect Lender's interests in the Property, Lender on Grantor's behalf
may, but shall not be required to, take any action that Lender deems appropriate. Any amount that Lender expends in so
doing will bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of
repayment by Grantor. All such expenses, at Lender's option, will (a) be payable on demand, (b) be added to the balance
of the Note and be apportioned among and be payable with any installment payments to become due during either (i) the
term of any applicable insurance policy or (ii) the remaining term of the Note, or (c) be treated as a balloon payment
which will be due and payable at the Note's maturity. This Deed of Trust also will secure payment of these amounts.
The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be
entitled on account of the default. Any such action by Lender shall not be construed as curing the default so as to bar
Lender from any remedy that it otherwise would have had.

WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of
this Deed of Trust.

Title. Grantor warrants that: (a) Grantor holds good and marketable title of record to the Property in fee simple,
free and clear of all liens and encumbrances other than those set forth in the Real Property description or in any title
insurance policy, title report, or final title opinion issued in favor of, and accepted by, Lender in connection with
this Deed of Trust, and (b) Grantor has the full right, power, and authority to execute and deliver this Deed of Trust
to Lender.

Defense of Title. Subject to the exception in the paragraph above, Grantor warrants and will forever defend the
title to the Property against the lawful claims of all persons. In the event any action or proceeding is commenced
that questions Grantor's title or the interest of Trustee or Lender under this Deed of Trust, Grantor shall defend the
action at Grantor's expense. Grantor may be the nominal party in such proceeding, but Lender shall be entitled to
participate in the proceeding and to be represented in the proceeding by counsel of Lender's own choice, and
Grantor will deliver, or cause to be delivered, to Lender such instruments as Lender may request from time to time
to permit such participation.

Page 7 - DEED OF TRUST
©2017 Farleigh Wada Witt

Compliance With Laws. Grantor warrants that the Property and Grantor's use of the Property complies with all
existing applicable laws, ordinances, and regulations of governmental authorities.

CONDEMNATION. The following provisions relating to condemnation proceedings are a part of this Deed of Trust.

Application of Net Proceeds. If all or any part of the Property is condemned by eminent domain proceedings or
by any proceeding or 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 to the Indebtedness or the repair or restoration of the Property. However,
Borrower shall be entitled to use the proceeds of any condemnation award to repair or restore the Property in a
manner satisfactory to Lender if (a) Borrower is not otherwise in default under this Deed of Trust and (b) upon
completion of such repair or restoration, the value of the Property (as determined by Lender in its reasonable
discretion) is no less than the value of the Property on the date of this Deed of Trust. Ifthe proceeds are applied to
repair or restoration, Lender shall, upon satisfactory proof of such expenditure, pay or reimburse Grantor from the
proceeds for the reasonable cost of repair or restoration if Grantor is not in default under this Deed of Trust. The
net proceeds of the award shall mean the award after payment of all reasonable costs, expenses, and attorneys' fees,
of both the Trustee and Lender in connection with the condemnation.

Proceedings. If any proceeding in condemnation is filed, Grantor shall promptly notify Lender in writing, and
Grantor shall promptly take such steps as may be necessary to defend the action and obtain the award. Grantor
may be the nominal party in such proceeding, but Lender shall be entitled to participate in the proceeding and to be
represented in the proceeding by counsel of its own choice, and Grantor will deliver or cause to be delivered to
Lender such instruments as may be requested by it from time to time to permit such participation.

IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following
provisions relating to governmental taxes, fees and charges are a part of this Deed of Trust;

Current Taxes, Fees and Charges. Upon request by Lender, Grantor shall execute such documents in addition to
this Deed of Trust and take whatever other action is requested by Lender to perfect and continue Lender's lien on
the Real Property. Grantor shall reimburse Lender for all taxes, as described below, together with all expenses
incurred in recording, perfecting or continuing this Deed of Trust, including without limitation all taxes, fees,
documentary stamps, and other charges for recording or registering this Deed of Trust.

Taxes. The following shall constitute taxes to which this section applies: (a) a specific tax upon this type of Deed
of Trust or upon all or any part of the Indebtedness secured by this Deed of Trust; (b) a specific tax on Borrower
which Borrower is authorized or required to deduct from payments on the Indebtedness secured by this type of
Deed of Trust; (c) a tax on this type of Deed of Trust chargeable against the Lender or the holder of the Note; and
(d) a specific tax on all or any portion of the Indebtedness or on payments of principal and interest made by
Borrower.

Subsequent Taxes. Ifany tax to which this section applies is enacted subsequent to the date of this Deed of Trust,
this event shall have the same effect as an Event of Default (as defined below), and Lender may exercise any or alt
of its available remedies for an Event of Default as provided below unless Grantor either (a) pays the tax before it
becomes delinquent, or (b) contests the tax as provided above in the Taxes and Liens section and deposits with
Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender.

SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Deed of Trust
as a security agreement are a part of this Deed of Trust.

Security Agreement. This instrument shall constitute a security agreement to the extent any of the Property
constitutes fixtures or other personal property, and Lender shall have all of the rights of a secured party under the
Uniform Commercial Code as amended from time to time.

Page 8 - DEED OF TRUST
©2017 Farleigh Wada Wirt

Security Interest. Upon request by Lender, Grantor shall execute financing statements and take whatever other
action is requested by Lender to perfect and continue Lender's security interest in the Rents and Personal Property.
In addition to recording this Deed of Trust in the real property records, Lender may, at any time and without further
authorization from Grantor, file executed counterparts, copies or reproductions of this Deed of Trust as a financing
statement. Grantor shall reimburse Lender for all expenses incurred in perfecting or continuing this security
interest. Upon default, Grantor shall assemble the Personal Property in a manner and at a place reasonably
convenient to Grantor and Lender and make it available to Lender within three (3) days after receipt of written
demand from Lender.

Addresses. The mailing addresses of Grantor (debtor) and Lender (secured party), from which information
concerning the security interest granted by this Deed of Trust may be obtained (each as required by the Uniform
Commercial Code), are as stated on the first page of this Deed of Trust.

FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further assurances and
attorney-in-fact are a part of this Deed of Trust.

Further Assurances. At any time, and from time to time, upon request of Lender, Grantor will make, execute and
deliver, or will cause to be made, executed or delivered, to Lender or to Lender's designee, and when requested by
Lender, cause to be filed, recorded, 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 such mortgages, deeds of trust, security deeds, security
agreements, financing statements, continuation statements, instruments of further assurance, certificates, and other
documents as may, in the sole opinion of Lender, be necessary or desirable in order to effectuate, complete, perfect,
continue, or preserve (a) the obligations of Grantor and Borrower under the Note, this Deed of Trust, and the
Related Documents, and (b) the liens and security interests created by this Deed of Trust on the Property, whether
now owned or hereafter acquired by Grantor. Unless prohibited by law or agreed to the contrary by Lender in
writing, Grantor shall reimburse Lender for all costs and expenses incurred in connection with the matters referred
to in this paragraph.

Attorney-in-Fact. If Grantor fails to do any of the things referred to in the preceding paragraph, Lender may do so
for and in the name of Grantor and at Grantor's expense. For such purposes, Grantor hereby irrevocably appoints
Lender as Grantor's attorney-in-fact for the purpose of making, executing, delivering, filing, recording, and doing
all other things as may be necessary or desirable, in Lender's sole opinion, to accomplish the matters referred to in
the preceding paragraph.

FULL PERFORMANCE. If Borrower pays all the Indebtedness when due, terminates the line of credit, and otherwise
performs all the obligations imposed upon Grantor under this Deed of Trust, Lender shall execute and deliver to Trustee
a request for full reconveyance and shall execute and deliver to Grantor suitable statements of termination of any
financing statement on file evidencing Lender's security interest in the Rents and the Personal Property. Grantor shall
pay Lender a reasonable reconveyance fee and all recording costs for said reconveyance. The grantee in any such
reconveyance may be described as the “person or persons legally entitled thereto.”

DEFAULT. Each of the following, at the option of Lender, shall constitute an event of default (“Event of Default”
under this Deed of Trust:

Default on Indebtedness. Failure of Borrower to make any payment within ten (10) days of when due on the
Indebtedness.

Compliance Default. Failure of Grantor or Borrower to comply with any other term, obligation, covenant or
condition contained in this Deed of Trust, the Note or in any of the Related Documents, or failure of Grantor or
Borrower to comply with or perform any term, obligation, covenant, or condition contained in any other agreement
between Lender and Borrower or Grantor. If such a failure is curable and if Borrower or Grantor has not been
given a notice of a breach of the same provision of this Deed of Trust within the preceding twelve (12) months, it
may be cured (and no Event of Default will have occurred) if Grantor, after Lender sends written notice demanding
cure of such failure: (a) cures the failure within thirty (30) days; or (b) if the cure requires more than thirty (30)

Page 9 - DEED OF TRUST
©2017 Farleigh Wada Witt

days, immediately initiates steps sufficient to cure the failure and thereafter continues and completes all reasonable
and necessary steps sufficient to produce compliance within ninety (90) days after notice is sent.

Breaches. Any warranty, representation or statement made or furnished to Lender by or on behalf of Grantor or
Borrower under this Deed of Trust, the Note or the Related Documents is, or at the time made or furnished was,
false in any material respect.

Insolvency. The insolvency of Grantor; appointment of a receiver for any part of Grantor's property; any
assignment for the benefit of creditors; the commencement of any proceeding under any bankruptcy or insolvency
laws by or against Grantor; provided, however, that Grantor shall have thirty (30) days in which to obtain a
dismissal of any such proceedings; or the dissolution or termination of Grantor's existence as a going business (if
Grantor is a business). Except to the extent prohibited by federal law or state law, the death of Grantor (or a
member or partner of Grantor) also shall constitute an Event of Default under this Deed of Trust; provided,
however, that if Lender determines in its reasonable discretion that its interests are not materially impaired, Lender
shall permit the deceased's estate to assume unconditionally the obligations arising hereunder in a manner
reasonably acceptable to Lender and, in so doing, cure the Event of Default.

Foreclosure, etc. Commencement of foreclosure, whether by judicial proceeding, self-help, repossession or any
other method, by any creditor of Grantor against any of the Property. However, this subsection shall not apply in
the event of a good faith dispute by Grantor as to the validity or reasonableness of the claim which is the basis of
the foreclosure, provided that Grantor gives Lender written notice of such claim and furnishes reserves or a surety
bond for the claim satisfactory to Lender.

Defective Collateralization. This Deed of Trust or any of the Related Documents ceases to be in full force and
effect (including the failure of this Deed of Trust or any Related Document to create a valid and perfected security
interest or lien) at any time and for any reason.

Breach of Other Agreement. Any breach by Grantor under the terms of any other agreement between Grantor
and Lender that is not remedied within any grace period provided therein, including without limitation any
agreement concerning any indebtedness or other obligation of Grantor to Lender, whether existing now or later.

Events Affecting Guarantor. Any Guarantor seeks, claims, or otherwise attempts to limit, modify, or revoke such
Guarantor's guaranty with Lender or any of the preceding events occurs with respect to any Guarantor of any of the
Indebtedness or such Guarantor dies or becomes incompetent; provided, however, that if Lender determines in its
reasonable discretion that its interests are not materially impaired, Lender shall permit the Guarantor's estate to
assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing
s0, cure the Event of Default.

Insecurity. Lender in good faith deems itself insecure.

RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of any Event of Default and at any time thereafter,
Trustee or Lender, at its option, may exercise any one or more of the following rights and remedies, in addition to any
other rights or remedies provided by law:

Accelerate Indebtedness. Lender shall have the right at its option to declare the entire Indebtedness immediately
due and payable, including any prepayment penalty which Borrower would be required to pay.

Foreclosure. With respect to all or any part of the Real Property, the Trustee shall have the right to foreclose by
notice and sale, and Lender shall have the right to foreclose by judicial foreclosure, in either case in accordance
with and to the full extent provided by applicable law. If this Deed of Trust is foreclosed by judicial foreclosure,
Lender will be entitled to a judgment which will provide that if the foreclosure sale proceeds are insufficient to
satisfy the judgment, execution may issue for the amount of the unpaid balance of the judgment.

Page 10-  DEED OF TRUST
©2017 Farleigh Wada Wit

UCC Remedies. With respect to all or any part of the Personal Property, Lender shall have all the rights and
remedies of a secured party under the Uniform Commercial Code.

Collect Rents. Lender shall have the right, without notice to Grantor, to take possession of and manage the
Property and collect the Rents, including amounts past due and unpaid, and apply the net proceeds, over and above
Lender's costs, against the Indebtedness. In furtherance of this right, Lender may require any tenant or other user
of the Property to make payments of rent or use fees directly to Lender. If the Rents are collected by Lender, then
Grantor irrevocably designates Lender as Grantor's attorney-in-fact to endorse instruments received in payment
thereof in the name of Grantor and to negotiate the same and collect the proceeds. Payments by tenants or other
users to Lender in response to Lender's demand shall satisfy the obligations for which the payments are made,
whether or not any proper grounds for the demand existed. Lender may exercise its rights under this subparagraph
either in person, by agent, or through a receiver.

Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of
the Property, with the power to protect and preserve the Property, to operate the Property preceding foreclosure or
sale, and to collect the Rents from the Property and apply the proceeds, over and above the cost of the receivership,
against the Indebtedness. The receiver may serve without bond if permitted by law. Lender's right to the
appointment of a receiver shall exist whether or not the apparent value of the Property exceeds the Indebtedness by
a substantial amount. Employment by Lender shall not disqualify a person from serving as a receiver.

Tenancy at Sufferance. If Grantor remains in possession of the Property after the Property is sold as provided
above or Lender otherwise becomes enfitled to possession of the Property upon default of Grantor, Grantor shall
become a tenant at sufferance of Lender or the purchaser of the Property and shall, at Lender’s option, either (a) pay
a reasonable rental for the use of the Property, or (b) vacate the Property immediately upon the demand of Lender.

Other Remedies. Trustee or Lender shall have any other right or remedy provided in this Deed of Trust or the
Note or by law.

Notice of Sale. Lender shall give Grantor reasonable notice of the time and place of any public sale of the Personal
Property or of the time after which any private sale or other intended disposition of the Personal Property is to be
made. Reasonable notice shall mean notice given at least ten (10) days before the time of the sale or disposition.
Any sale of Personal Property may be made in conjunction with any sale of the Real Property.

Sale of the Property. To the extent permitted by applicable law, Grantor hereby waives any and all rights to have
the Property marshalled. In exercising its rights and remedies, the Trustee or Lender shall be free to sell all or any
part of the Property together or separately, in one sale or by separate sales. Lender shall be entitled to bid at any
public sale on all or any portion of the Property.

Waiver; Election of Remedies. A waiver by any party of a breach of a provision of this Deed of Trust shall not
constitute a waiver of or prejudice the party's rights otherwise to demand strict compliance with that provision or
any other provision. Election by Lender to pursue any remedy provided in this Deed of Trust, the Note, in any
Related Document, or provided by law shall not exclude pursuit of any other remedy, and an election to make
expenditures or to take action to perform an obligation of Grantor under this Deed of Trust after failure of Grantor
to perform shall not affect Lender's right to declare a default and to exercise any of its remedies.

Attorneys' Fees; Expenses. If Lender institutes any suit or action to enforce any of the terms of this Deed of
Trust, Lender shall be entitled to recover such sum as the court may adjudge reasonable as attorneys' fees at trial
and on any appeal. Whether or not any court action is involved, all reasonable expenses incurred by Lender which
in Lender's opinion are necessary at any time for the protection of its interest or the enforcement of its rights shall
become a part of the Indebtedness payable on demand and shall bear interest at the Note rate from the date of
expenditure until repaid. Expenses covered by this paragraph include, without limitation, however subject to any
limits under applicable law, Lender's attorneys' fees whether or not there is a lawsuit, including attorneys' fees for
bankruptey proceedings (including efforts to modify or vacate any automatic stay or injunction), appeals and any
anticipated post-judgment collection services, the cost of searching records, obtaining title reports (including

Page 11 -  DEED OF TRUST
©2017 Farleigh Wada Wirt

foreclosure reports), surveyors' reports, appraisal fees, title insurance, and fees for the Trustee, to the extent
permitted by applicable law. Grantor also will pay any court costs, in addition to all other sums provided by law.

Rights of Trustee. Trustee shall have all of the rights and duties of Lender as set forth in this section.

POWERS AND OBLIGATIONS OF TRUSTEE. The following provisions relating to the powers and obligations of
Trustee are part of this Deed of Trust.

Powers of Trustee. In addition to all powers of Trustee arising as a matter of law, Trustee shall have the power to
take the following actions with respect to the Property upon the written request of Lender and Grantor: (a) join in
preparing and filing a map or plat of the Real Property, including the dedication of streets or other rights to the
public; (b) join in granting any easement or creating any restriction on the Real Property; and (c) join in any
subordination or other agreement affecting this Deed of Trust or the interest of Lender under this Deed of Trust.

Obligations to Notify. Trustee shall not be obligated to notify any other party of a pending sale under any other
trust deed or lien, or of any action or proceeding in which Grantor, Lender, or Trustee shall be a party, unless the
action or proceeding is brought by Trustee.

Trustee. Trustee shall meet all qualifications required for Trustee under applicable law. In addition to the rights
and remedies set forth above, with respect to all or any part of the Property, the Trustee shall have the right to
foreclose by notice and sale, and Lender shall have the right to foreclose by judicial foreclosure, in either case in
accordance with and to the full extent provided by applicable law.

Successor Trustee. Lender, at Lender's option, may from time to time appoint a successor Trustee to any Trustee
appointed hereunder by an instrument executed and acknowledged by Lender and recorded in the office of the
recorder of the county in which the Real Property is situated. The instrument shall contain, in addition to all other
matters required by state law, the names of the original Lender, Trustee, and Grantor, the book and page or the
Auditor's file number where this Deed of Trust is recorded, and the name and address of the successor trustee, and
the instrument shall be executed and acknowledged by Lender or its successors in interest. The successor trustee,
without conveyance of the Property, shall succeed to all the title, power, and duties conferred upon the Trustee in
this Deed of Trust and by applicable law. This procedure for substitution of trustee shall govern to the exclusion of
all other provisions for substitution.

NOTICES TO GRANTOR AND OTHER PARTIES. Any notice under this Deed of Trust shall be in writing and
shall be effective when actually delivered or, if mailed, shall be deemed effective when deposited in the United States
mail first class, registered mail, postage prepaid, directed to the addresses shown near the beginning of this Deed of
Trust. Any party may change its address for notices under this Deed of Trust by giving formal written notice to the other
parties, specifying that the purpose of the notice is to change the party's address. All copies of notices of foreclosure
from the holder of any lien which has priority over this Deed of Trust shall be sent to Lender's address, as shown near the
beginning of this Deed of Trust. For notice purposes, Grantor agrees to keep Lender and Trustee informed at all times of
Grantor's current address.

MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Deed of Trust:

Amendments. This Deed of Trust, together with any Related Documents, constitutes the entire understanding and
agreement of the parties as to the matters set forth in this Deed of Trust. No alteration of or amendment to this
Deed of Trust shall be effective unless given in writing and signed by the party or parties sought to be charged or
bound by the alteration or amendment.

Accounts and Records. Grantor will maintain a standard modern system of accounting administered in
accordance with generally accepted accounting principles. Lender shall have the right to examine the books of
account of Grantor to the extent that they pertain to this Deed of Trust and the Property, and to discuss the affairs,
finances, and accounts of Grantor to such extent, all at such reasonable times and intervals as Lender may desire.
Grantor will furnish to Lender, (i) within sixty (60) days after and as of the close of each fiscal year, the year-end

Page 12-  DEED OF TRUST
©:2017 Farleigh Wada Witt

financial statements of Grantor, including a balance sheet and a statement of earnings (income and loss) from
Grantor’s business and from the Property, as requested by Lender, in detail satisfactory to Lender; (ii) from time to
time and within twenty (20) days following Lender’s request therefor, all such financial information as may be
necessary or appropriate for Lender’s determination of Grantor’s net operating income and debt service with all
such financial information being prepared and certified as accurate by Grantor; and (iii) from time to time, upon
Lender’s request, tenant rent rolls, leasing summary reports and cash flow projections (or updates thereof), setting
forth the status of all existing and anticipated leases or subleases affecting the Property and Grantor’s best estimate
of the revenues to be obtained and the expenses to be incurred in connection with the operation of the Property for
the following one-year period. In addition to the above, Grantor shall furnish Lender with, as soon as available, but
in no event later than ninety (90) days after the end of each fiscal year, copies of Grantor’s tax returns

Applicable Law. Lender’s exercise of remedies on default under this Deed of Trust shall be governed by the state
in which the Property is located. In all other respects, subject to the provisions on arbitration, this Deed of Trust
shall be governed by, construed and enforced in accordance with the laws of the State of Oregon. LENDER AND
BORROWER HEREBY WAIVE THE RIGHT TO ANY JURY TRIAL IN ANY ACTION, PROCEEDING,
OR COUNTERCLAIM BROUGHT BY EITHER LENDER OR BORROWER AGAINST THE OTHER.

Caption Headings. Caption headings in this Deed of Trust are for convenience purposes only and are not to be
used to interpret or define the provisions of this Deed of Trust.

Lender’s Right to Sell Participations in the Loan. Lender may at any time sell, assign, transfer, negotiate, grant
participations in, or otherwise dispose of, to any one or more other lenders (hereinafter called “Participants™) all or
any part of the indebtedness of Grantor at any time outstanding under the Note, this Deed of Trust, or any of the
Related Documents (collectively, the “Loan Documents™). Grantor acknowledges and agrees that any such
disposition will give rise to an obligation of Grantor to each Participant and that, in such event, each Participant
shall, for all purposes hereof, be entitled to the benefits of the Loan Documents and all other documents,
instruments, and agreements therein described, as its interest may appear. Grantor shall, from time to time at the
request of Lender, execute and deliver, or cause to be executed and delivered, to Lender or to such party or parties
(including any Participant) as Lender may designate, any and all such further instruments as may in the opinion of
Lender be necessary or desirable to give full force and effect to such disposition, including, but not limited to, a
new note or new notes to be issued in exchange for the Note and such estoppel certificates or other instruments as
may be requested from Grantor to evidence the continuing validity of the Loan Documents and the absence of any
default by Lender thercunder. Notwithstanding the foregoing, Grantor acknowledges that no Participant shall be
deemed a direct lender or co-lender with Lender.

Maintenance of Depository Relationship. Grantor shall, at all times while any portion of the Note remains
unpaid, maintain a depository relationship with Lender, or a subsidiary or affiliate of Lender, unless the same is
contrary to state or federal law or regulation.

Merger. There shall be no merger of the interest or estate created by this Deed of Trust with any other interest or
estate in the Property at any time held by or for the benefit of Lender in any capacity, without the written consent of
Lender.

Multiple Parties. If Grantor or Borrower consist of more than one person or entity, all obligations of Grantor and
Borrower under this Deed of Trust shall be joint and several, and all references to Borrower shall mean each and
every Borrower, and all references to Grantor shall mean each and every Grantor. This means that each of the
persons signing below is responsible for all obligations in this Deed of Trust. Where any one or more of the parties
are corporations or partnerships or limited liability companies, it is not necessary for Lender to inquire into the
powers of any of the parties or of the officers, directors, partners, agents, managers or members acting or
purporting to act on their behalf.

Severability. If a court of competent jurisdiction finds any provision of this Deed of Trust to be invalid or
unenforceable as to any person or circumstance, such finding shall not render that provision invalid or
unenforceable as to any other persons or circumstances. If feasible, any such offending provision shall be deemed

Page 13-  DEED OF TRUST
©2017 Farleigh Wada Witt

to be modified to be within the limits of enforceability or validity; however, if the offending provision cannot be so
modified, it shall be stricken and all other provisions of this Deed of Trust in all other respects shall remain valid
and enforceable.

Successors and Assigns. Subject to the limitations stated in this Deed of Trust on transfer of Grantor's interest,
this Deed of Trust shall be binding upon and inure to the benefit of the parties, their successors and assigns. If
ownership of the Property becomes vested in a person other than Grantor, Lender, without notice to Grantor, may
deal with Grantor's successors with reference to this Deed of Trust and the Indebtedness by way of forbearance or
extension without releasing Grantor from the obligations of this Deed of Trust or liability under the Indebtedness.

Time Is of the Essence. Time is of the essence in the performance of this Deed of Trust.

‘Waivers and Consents. Lender shall not be deemed to have waived any rights under this Deed of Trust (or under
the Related Documents) unless such waiver is in writing and signed by Lender. No delay or omission on the part of
Lender in exercising any right shall operate as a waiver of such right or any otherright. A waiver by any party ofa
provision of this Deed of Trust shall not constitute a waiver of or prejudice the party's right otherwise to demand
strict compliance with that provision or any other provision. No prior waiver by Lender, nor any course of dealing
between Lender and Grantor or Borrower, shall constitute a waiver of any of Lender's rights or any of Grantor or
Borrower's obligations as to any future transactions. Whenever consent by Lender is required in this Deed of Trust,
the granting of such consent by Lender in any instance shall not constitute continuing consent to subsequent
instances where such consent is required.

Waiver of Homestead Exemption. Grantor hereby releases and waives all rights and benefits of the homestead
exemption laws of the State of Oregon as to all Indebtedness secured hereby.

COMMERCIAL DEED OF TRUST. Grantor agrees with Lender that this Deed of Trust is a commercial deed of trust
and that Grantor will not change the use of the Property without Lender's prior written consent.

UNDER OREGON LAW,MOST AGREEMENTS, PROMISES, AN COMMITMENTS MADE BY LENDER
CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR PERSONAL,
FAMILY, OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER'’S RESIDENCE
MUST BE IN WRITING, EXPRESS CONSIDERATION, AND BE SIGNED BY LENDER TO BE
ENFORCEABLE.

GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND
GRANTOR AGREES TO ITS TERMS.

GRANTOR: DKC Rentals LL.C

Page 14 -  DEED OF TRUST
©2017 Farleigh Wada Witt

CORPORATE ACKNOWLEDGMENT

STATE OF OREGON )

County of u W *
This record was acknowledged before me on mafcw % Z&QM
M Cabent. Neareey — xc Rermelo
AN Ug)

2\ OFFICIAL STAMP i} Notary Public — State of Oregon
A HEATHER ANNE SCIURBA

i

)

a9:E) NOTARY PUBLIC-OREGON
; COMMISSION NO. 1063818
MY COMMISSION EXPIRES DECEMBER 08, 2029

REQUEST FOR FULL RECONVEYANCE
(To be used only when obligations have been paid in full)

To: , Trustee

The undersigned is the legal owner and holder of all Indebtedness secured by this Deed of Trust. You are hereby
requested, upon payment of all sums owing to you, to reconvey without warranty, to the persons entitled thereto, the
right, title and interest now held by you under the Deed of Trust.

Date:

Beneficiary:

By:

Its:

Page 15-  DEED OF TRUST
©2017 Farleigh Wada Witt