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2 012Q491�
<br />DEED OF TRUST
<br />(Continued) Page 4
<br />Trustor will deliver, or cause to be delivered, to Lender such instruments as Lender may request from time to time
<br />to permft such participation.
<br />Compliance With Laws. Trustor warrants that the Properly and Trustor's use of the Property complies with all
<br />existing applicable laws, ordinances, and regulations of govemmental authorities.
<br />Survival of Representations and Warranties. All representations, warranties, and agreerr�nts rrrade by Trustor in
<br />this Deed of Tnast shall sunrive the execuUon and delNery of this Deed of Trust, shall be continuing in nature, and
<br />shall remain in full force and effect until such time as Borrower's Indebtedness shall be paid in full.
<br />CONDEMNATION. The following provisions relating to condemnation proceedings are a part of this Deed of Trust:
<br />Proceedings. If any proc�eding in �ndemnafion is filed, Trustor shall prompUy notify Lender in writing, and
<br />Trustor shall prompUy take suc� steps as may be neoessary to defend the action and obtain the award. Trustor
<br />may be the nominal party in such proceeding, but Lender shall be entitled to participate in the proceeding aand to be
<br />represerrted in the proceeding by counsel of its own choice, and Trustor will deliver or cause to be delivered to
<br />Lender such instrvments and documentation as may be requested by Lender from time to time to permit such
<br />participation.
<br />Application of Net Proceeds. If all or any part of the Property is condemned by eminent domain pra�edings or by
<br />any proceeding or purchase in lieu of condemnation, Lender may at its election require that all or any portfon of the
<br />net prooeeds of the award be applied to the Indebtednass or the repair or restoration of the Property. The net
<br />prooeeds of the award shall mean the award after payment of all reasorrable costs, expenses, and attomeys' feas
<br />incurred by Trustee or Lender in connection with the condemnation.
<br />IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions relating
<br />to govemmental taxes, fees and charges are a part of this Deed of Trust:
<br />Current Taxes, Fees and Charges. Upon request by Lender, Trustor shall execute such documents in additlon to
<br />this Deed of Trust and take whatever other action is requested by Lender to perfect and continue Lender's lien on
<br />the Real Properly. Trustor shall reimburse Lender for all taxes, as described below, together with all expenses
<br />incurred in recording, pertecting or continuing this Deed of Trust, including without limitation all taxes, fees,
<br />documentary stamps, and other charges for recording or registering this Deed of Trust.
<br />Taxes. The following shall constitute taxes to which this section applies: (1) a specific tax upon this type of
<br />Deed of Trust or upon all or any part of the Indebtedness secured by this Deed of Trust; (2) a speciflc tax on
<br />Borrower which Borrower is authorized or required to deduct from payments on the Indebtedness secured by this
<br />type of Deed of Trust; (3) a tax on this type of Deed of Trust chargeabie against the Lender or the holder of the
<br />Note; and (4) a speciflc tax on all or any portion of the Indebtedness or on payments of principal and interest
<br />made by Borrower.
<br />Subsequent Taxes. If any tax to which this section applies is enacted subsequerrt to the date of this Deed of
<br />Trust, this event shall have the same effect as an Everrt of Default, and Lender may exerase any or all of its
<br />available remedies for an Everrt of Default as provided below unl�s Trustor either (1) � the tax before it
<br />beoorr�s delinquent, or (2) contests the tax as provided above in the Taxes and Liens section and deposits with
<br />Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender.
<br />SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Deed of Trust as a
<br />security agreement are a part of this Deed of Trust:
<br />Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Properry
<br />constitutes fixtures, and Lender shall have all of the rights of a secured party under the Uniform Commercial Code
<br />as amended from time to time.
<br />Security Interest. Upon request by Lender, Trustor shall take whatever action is requested by Lender to pertect
<br />and continue Lender's securiry interest in the Rents and Personal Property. In addition to recording this Deed of
<br />Trust in the real property records, Lender may, at any time and without further authorization from Trustor, file
<br />executed counterparts, copies or reproductlons of this Deed of Trust as a fnancing statement. Trustor shall
<br />reimburse Lender for all expenses incurred in pertecting ur continuing this security interest. Upon defauit, Trustor
<br />shall not remove, sever or detach the Personal Property from the Properly. Upon default, Trustor shall assemble
<br />any Personal Property not affixed to the Property in a manner and at a place reasonably convenient to Trustor and
<br />Lender and make it available to Lender within three (3) days after receipt of written demand from Lender to the
<br />extent permitted by applicable law.
<br />Addresses. The mailing addresses of Trustor (debtor) and Lender (secured party) from which information
<br />concerning the security interest granted by this Deed of Trust may be obtained (each as required by the Uniform
<br />Commercial Code) are as stated on the flrst page of this Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further assurances and
<br />attorney-in-fact are a part of this Deed of Trust:
<br />Further Assurances. At any time, and from time to time, upon request of Lender, Trustor will make, execwte and
<br />deliver, or will cause to be made, executed or delivered, to Lender or to Lender's designee, and when requested by
<br />Lender, ca�e to be flled, reoorded, reflled, or rereoorded, as the case may be, at such tlrr�es arni in such offices
<br />and plaoes as Lender may deem appropriate, any and all such mortgages, deeds of trust, secxarity deeds, security
<br />agreements, financing statements, contlnuation statements, instruments of further assurance, c�rtificates, and
<br />other documerrts as may, in the sole opinion of Lender, be �ary or desirable in order to effectuate, �mplete,
<br />perfect, �ntinue, or preserve (1) Borrower's and Trustor's obligations under the Note, this Deed of Trust, and
<br />the Relffied Documerrts, and (2) the Ifens and security interests cxeated by this Deed of Trust as flrst and prior
<br />liens on the Property, whether now owned or hereafter acquired by Trustor. Unless prohibited by law or Lender
<br />agree.s to the oontrary in wrlting, Trustor st�ll reimburse Lender for all costs and e�enses incuRed in connection
<br />with the matters referred to in this paragraph.
<br />Attorney-in-Fact If Trustor fails to do any of the things referred to in the preceding paragraph, Lender may do so
<br />for and in the name of Trustor arid at Trustor's expense. For such purposes, Trustor hereby iRevocably appoints
<br />Lender as Trustor's attomey-in-fact for the purpose of making, executing, delivering, filing, recording, and doing all
<br />other things as may be necessary or desirable, in Lender's sole opinion, to accomplish the matters referred to in
<br />the preceding paragraph.
<br />FULL PERFORMANCE. If Borrower and Trustor pay all the Indebtedness, including without limitation all future
<br />advanoes, when due, and Trustor othervvise pertorms all the obligations imposed upon Trustor under this Deed of Trust,
<br />Lender shall execute and deliver to Trustee a request for full reconveyance and shall execute and deliver to Trustor
<br />suitable statements of termination of any flnancing statement on file evidencing Lender's securiry interest in the Rents
<br />and the Personal Property. Any reconveyance fee required by law shall be paid by Trustor, if permitted by applicable
<br />law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute an Event of Default under this Deed
<br />of Trust:
<br />Payment Default. Borrower fails to make any payment when due under the Indebtedness.
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