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DEED OF TRUST 2 ��- 2 U 5 7 5�
<br />(Continued) Page 4
<br />incurred by Trustee or Lender In connection with the condemnation.
<br />IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERPIMENTAL AUTHORITIES. The following provislons relating
<br />to govemmentel taxes, fees and charges are a part of this Deed of Trust:
<br />Current Taues, Fees and Charges. Upon request by Lender, Trustor shall execute such documents in additlon to
<br />this Deed of Trust and take whatever other actlon is requested by Lender to perfect and continue Lender's Ifen on
<br />the Real Property. Tn.istor shall refmburse Lender for all taxes, as described below, together with all expenses
<br />incurred in recording, perfecting or conUnuing this Deed of Trust, including without limitation all taxes, fees,
<br />documentary stamps, and other charges for recording or registering thfs Deed of Trust.
<br />Taxes. The following shall constitute taxes to which this sectfon applies: (1) a spec�c 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 />Trustor which Trustor is authorized or required to deduct from payments on the Indebtedness secured by this type
<br />of Deed of Trust; (3) a tax on this type of Deed of Trust chargeable against the Lender or the holder of the Note;
<br />and (4) a speciflc tax on all or any portion of the Indebtedness or on payments of principal and interest made by
<br />Trustor.
<br />Subs�quent Taxes. If any tax to which this section applies is erracted subsequerrt to the date of this Deed of
<br />Trust, this event shall have the same effect � an Everrt of Default, and Lerider may exerdse any or all of its
<br />available remedies for an Event of Default � provided below unless Trustor either (1) pays the tax before it
<br />beoomes delinqueM, or (2) contests the tax as provided above in the Taxes and Liens sectlon 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 instn.iment shall constitute a Security Agreement to the extent any of the Properly
<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 Interes� Upon request by Lender, Trustor shall take whatever ecdon is requested by Lender to perfect
<br />and continue Lender's security interest in the Rents and Personal Property. In additlon to recordfng 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 reproductions of this Deed of Trust as a flnancing statement. Trustor shall
<br />refmburse Lender for all expenses (ncurred in perfecting or continuing th(s secu�ity interest. Upon default, Trustor
<br />shall not remove, sever or detach the Personal Properly from the Property. Upon default, Trustor shall assemble
<br />any Personal Property not afftxed 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 />conceming the security interest granted by this Deed of Trust may be obtafned (each as required by the Uniform
<br />Commercial Code) ere as stated on the first page of this Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relaUng to further assurances and
<br />attomey-in-fact are a part of this Deed of Trust:
<br />Further Assurances. At ariy tlme, and from tlme to Urr�e, upon request of Lender, Trustor will make, execute and
<br />deliver, or will cause to be rriade, exewted or delivered, to Lerxler or to Lenders desigr�e, and when r�quested by
<br />Lender, quse to be fited, reoorded, reflled, or rereoorded, as the c�e may be, at sud� timeg and in such offlces
<br />and plaoes as Lender rr�y deem aPProPriate� anY and all such mortgages, deecJs of trust� securriy deeds, securily
<br />agreemer�ts, flnanc:ing statements, corrtinuation statemerrts, instrumerrts of further assurance, certificates. and
<br />other documer�ts as rriay, in the sole opinion of Lender, be neo�ary or desirable in order to effectuffie, oomplete,
<br />perted, c�ntinue, or preserve (1) Trustor's obflgaUons under the Note, this Deed of Trust, and the Relffied
<br />Documerrts, and (2) the liens and securriy interests ae�ated by this Deed of Trust as first ar�d prior Ii�s on the
<br />Properly, whether now owned or hereafter soquired by Trustor. Unless prohibited by law or Lender agree.s to the
<br />�ntrary in writing, Tnistor shall reimburse Lender for all costs and exper�es inc;urred in connection with the
<br />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 and at Trustor's exper�se. For such purposes, Trustor hereby irrevocably 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 Trustor �ys all the Indebtedness, including without Iimitation all future advanc�s, when due,
<br />and otherwise performs all the obligations imp�d upon Trustor under this Deed of Trust, Lender shall execute and
<br />deUver to Trustee a request for full reconveyance and shall execute and deliver to Trustor suitable statements of
<br />termination of any flnancing statement on file evidencing Lender's security interest in the Rents and the Personal
<br />Property. Any reconveyance fee required by law shall be paid by Trustor, if permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute an Everrt of Default under this Deed
<br />of Trust:
<br />Payment Default. Trustor fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Trustor fails to comply with or to pertorm any other term, obligation, covenant or condition
<br />contained in this De� of Trust or in any of the Related Documents or to comply with or to perform any term,
<br />obligation, covenant or condRfon contained in any other agreement between Lender and Trustor.
<br />Compliance Default. Failure to comply with any other term, obligation, covenant or condition contained in this
<br />Deed of Trust, the Note or in any of the Related Documents.
<br />Default on Other Payments. Fallure of Trustor within the time required by this Deed of Trust to make any peyment
<br />for taxes or insurance, or any other payment necessary to prevent filing of or to effect discharge of any Ifen.
<br />Environmental Default. Failure of any party to comply with or perform when due any term, obligation, covenant or
<br />condition contained in any environmental agreement executed fn connection with the Property.
<br />Default in Favor of Third Parties. Should Grantor default under any loan, extension of credit, security agreement,
<br />purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially
<br />affect any of Grantor's property or Grantor's ablUry to repay the Indebtedness or Grantor's abiliry to pertorm
<br />Grantor's obligations under th(s Deed of Trust or any of the Related Documents.
<br />False Statements. Any warranty, representation or statement made or fumished to Lender by Trustor or on
<br />Trustor's behalf under this Deed of Trust or the Related Documents is false or misleading in any material respect,
<br />either now or at the time made or fumished or becomes false or misleading at eny time thereafter.
<br />Defective Collateralization. This Deed of Trust or any of the Related Documents ceases to be in full force and
<br />effect (including failure of any collateral document to create a valid and perfected securiry interest or Ifen) at any
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