y - � �
<br />Loan No: 101253472
<br />DEED OF TRUST
<br />(Continued)
<br />or any default under any security documents for such indebtedness.
<br />2012U591�
<br />Page 5
<br />No Modiflcation. Trustor shall not enter into any agreement with the holder of eny mortgage, deed of trust, or
<br />other security agreement which has priority over this Deed of Trust by which that egreement is modified,
<br />amended, extended, or renewed without the prior written consent of Lender. Trustor shalt neither requeat nor
<br />accept eny future advances under any such security agreement without the prior written consent of Lender.
<br />CONDEMNATION. The following provisions releting to condemnation proceedings are a pert of this Deed of Truat:
<br />Proceedings. If any proceeding in condemnation is filed, Trustor shall promptly notify Lender in writing, end
<br />Trustor shall promptly teke such steps as may be necessary to defend the action and obtain the award. Trustor
<br />may be the nominal perty in such proceeding, but Lender shall be entitled to participate in the proceeding and to be
<br />represented in the proceeding by counsel of its own choice, and Trustor will deliver or ceuse to be delivered to
<br />Lender such instruments and documentetion as may be requested by Lender from time to time to permit such
<br />participation.
<br />Appl(cation of Net Proceeds. If all or any part of the Property is condemned by eminent domain proceedings or by
<br />any proceeding or purchase in lieu of condemnation, Lender may at its election require thet all or eny portion of the
<br />net proceeds of the award be applied to the Indebtedness or the repefr or restoration of the Property. The net
<br />p�oceeds of the awerd ahall mean the eward after payment of all reasonable costs, expenses, end attorneys' fees
<br />i�curred by Trustee or Lender in connection with the condemnation.
<br />IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions releting
<br />to governmental texes, fees and charges are e part of this Deed of Trust:
<br />Current Taxes, Fees and Charges. Upon request by Lender, Trustor shall execute such documenta in eddition to
<br />this Deed of Trust end take whatever other action is requested by Lender to perfect and continue Lender's lien on
<br />the Real Property. Trustor shall reimburse Lender for all taxes, as described below, together with all expenses
<br />incurred in recording, perfecting or continuing this Deed of Trust, includfng without Iimitation ell taxes, fees,
<br />documentery 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) e 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 specific 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 chargeable against the Lender or the holder of the
<br />Note; and (4) a specific tex on ell or any portion of the Indebtedness or on payments of princfpal and interest
<br />made by Borrower.
<br />Subsequent Taxes. If eny tax to which this section applies is enected subsequent to the date of this Deed of
<br />Trust, this event shall heve the same effect as an Event of Default, and Lender may exercise any or ell of its
<br />evailable remedies for an Event of Default as provided below unless Trustor either (1) pays the tex before it
<br />becomes delinquent, or 12) contests the tax as provided above in the Taxes and Uens section and deposita with
<br />Lender cash or a sufficient corporate surety bond or other security satisfectory to Lender.
<br />SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Deed of Trust es e
<br />security agreement are a part of this Deed of Trust:
<br />Security Agreemerrt. This instrument shall constitute e Security Agreement to the extent any of the Property
<br />constitutes fixtures, and Lender shall have all of the r(ghts of a secured party under the Uniform Commerciel Code
<br />as amended from time to time.
<br />Security Irrterest. Upon request by Lender, Trustor shall take whatever action is requested by Lender to perfect
<br />and continue Lender's security interest in the Rents and Personel Property. In addition to recording this Deed of
<br />Trust in the real property records, Lender may, at any time and without further authorizetion from Trustor, file
<br />executed counterparts, copies or reproductions of this Deed of Trust es a finencing statement. Trustor shall
<br />reimburse Lender for all expenses incurred in perfecting or continuing this security interest. Upon default, Trustor
<br />shell not remove, sever or detach the Personel Property from the Property. Upon default, Trustor shall assemble
<br />any Personal Property not affixed to the Properry in e menner and et a place reasonably convenient to Trustor and
<br />Lender end make it evailable to Lender within three (3) days after receipt of written demend from Lender to the
<br />extent permitted by eppliceble law.
<br />Addresses. The meiling addresses of Trustor (debtor) end Lender (secured party) from which information
<br />concerning the security interest granted by this Deed of Trust may be obteined (each as required by the Uniform
<br />Commercial Code1 ere as atated on the first pege of this Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further assurences and
<br />attorney-in-fact ere e part of this Deed of Trust:
<br />Further Assurances. At eny time, and from time to time, upon request of Lender, Truator will make, execute 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, cause to be filed, recorded, refiled, or rerecorded, as the case may be, at such times end in such offices
<br />and places as Lender may deem appropriate, any and ell such mortgages, deeds of trust, security deeds, security
<br />agreements, finencing statements, continuation statements, instruments of further assurance, certificates, end
<br />other documents as may, in the sole opinion of Lender, be necessary or desirable in order to effectuate, complete,
<br />
|