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Loan No: 137737
<br />DEED OF TRUST � 01 � O_`� 9,O j
<br />(Continued) Page 4
<br />Lender such instruments and documentation as may be requested by Lender from time to time 4o permit such
<br />participation. , ,
<br />Appflcation of Net Proceeds. If all.or any part of the Property,is coFldemned by eminent domain proceedings or by
<br />any proceeding or purchase in lieu of condemnation, Lender m�y, at its election require that all or ar�y porti.on of the
<br />net proceeds of the award be applied to the Indebtedn�ss or the repair or restoration of the._Property. .The net
<br />proceeds of the award shall mean the award after payment of all reaso,nable cnsts; expenses,: and attomeys' .fees
<br />incurred by Trustee or Lender in connection with the condemnation.
<br />IMPOSITION OF TAXES, FEES AND CHARGES,BY GOVERNMENTAL AUTNORITIES. The following: pcovisions relating
<br />to governmental taxes, fees and charges are a part of -this Deed o# Trust:
<br />Current Taxes, Fees and Charges. Upon request by Lender, Trustor shall execute such documents in addition 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 Property. Trustor shall reimburse Lender for all taxes, as described below, together with ell expenses
<br />incurred in recording, perfecting 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 o4 the Indebtedness secured by this Deed of Trust; (2) a spe�cific tax on
<br />Borrower which Bortower is authorized :or required to deducf from payments ori the Indebfedne's§` secf�re�, by this
<br />type of Deed of Trust; (3) a tax on xhis type of Deed of Trust chargeable against #he L�nder or the hblder, of the
<br />Note; and (4) a specific tax on alf'or ar�y partion of th'e lnde64ednes5"or'tfn paymehts 0'f prinCipal''and'interest
<br />made by Borrower.
<br />Subsaquent Taxes. If any tax to which this section applies is, enacted subsequent to the date of tfiis Deed of
<br />Trust, this event shall have the same effect as an Event of Default, and Lender may exercise any or all of its
<br />available remedies for an Event of Default as provided below unless Trustor either (1) pays the tax before it
<br />becomes 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 ins4rumenf shall constitute a Seourity Agreement to the extent any bfi the Property
<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 perfect
<br />and continue Lender's security interest in the Rents and Personal Property. ln 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 reproductions of this Deed of Trust as a financing statement. Trustor shall
<br />reimburse Lender for all expenses incurred in perfecting or continuing this security interest. Upon default, Trustor
<br />shall not remove, sever or detach the Personal Property from the Property. 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 />e�ctent permitted by applicable law.
<br />Addresses. The mailing addresses of Trustor (dtlbtor) and Lender (secured party) from which information
<br />coneerning the security interest grantod by this Deed of Tru�t ma,y be obtained (each as, r�quirec� by tho Uniforrn
<br />Commercial Code) are as stated on the first 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, 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 and in such offices
<br />and places as Lender may deem appropriate, any and all such mortgages, deeds of trust, security deeds, security
<br />agreements, financing statements, continuation statements, instruments of further 'assurance; certificates, and
<br />other documents as may, in the sole opinion of Lender, be necessary or desirable in order to effectuate, complete,
<br />perfect, continue, or preserve (11 Borrower's and Trustor's obligations under the Note, this Deed of Trust, and
<br />the Related Documents, and ,(2) theliens and.security interests created by this Deed of Trust as first and prior
<br />liens on the Property, whether now owned or hereafter acquired by Trustor. Unless _prohibited by law or Lender
<br />agrees to the contrary in writing, Trustor shall reimburse Lender for'all costs and expen�e§',incurred in connection
<br />with the matters referred to in this paragraph.
<br />Attorney-ln-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 expense. For such purposes, Trustor hereby irrevocably appoints
<br />Lender as Trustor's attorney-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 />advances, when due, and Trustor otherwise performs alt the obligations imposed upon Trustar 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 financing statement on file evidencing Lender's security 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 optiort shall constitute an Even1 of Default unde � this Deed
<br />of Trust:
<br />Payment Default. Borrower fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Borrower or Trustor fails to comply with or to perform any other term, obligation, covenant or
<br />condition contained in this beed of Trust or in any of the Related Documents or to comply with or to perform any
<br />term, obligation, covenant or condition contained in any other agreement between Lender and Borrower or Trustor.
<br />Compltance 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. Failure of Trustor within the time required by this Deed of Trust to make any payment
<br />for taxes or insurance, or any other payment necessary to prevent filing of or to effect discharge of any lien:
<br />False Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or. Trustor
<br />or on Borrower's or Trustor's behalf under this Deed of Trust or the Related Documents is false or misleading in
<br />any material respect, either now or at the time made oc furnished ot becomes false or mislaading: at any time
<br />thereafter. , , , , , , , , , . .
<br />Defecttve Collateraltzatton. This Deed of Trust or any of the Related Documents ceases to be in` full'fo'rce and
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