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��14�1�74
<br /> �3EED �F TRUST
<br /> �Continued3 Page 4
<br /> Property, then Lender on Trus�or's behaff may, but is no� required to, take any action that Lender be�ie�es to be
<br /> appropriate to prote�t L�nder's inferests. All expenses incurred or paid by Lender for such purposes will �hen bear
<br /> fnterest at the rate charged under the Credit Agreement from �he date incur�red or paid by Lender to the date o�
<br /> repayment by Trustar. All such expenses wil� become a pa�#of the Indebtsdness and, at Lender's option, wili �A} be
<br /> payable an d�mand; �B} be added to�he bafance of the Credit Agreemen�and be apportioned amang and be payable
<br /> with any ins�allment payments to become due durin�e��her �1} the term a�any applicabl� insurance pvlicy; or ��} �he
<br /> rema�ning t�rm of the Credit Agreemen�; ar �C} be#reafed as a ballvon payment which will be du�and payable at�he
<br /> �redi�Agreement's maturity. The Deed ot Trust als❑will secure payment of these amounts. The rights proWided fi�r in
<br /> this paragraph shall be in addition to any other righ�s or any remedi�s to which Lende�may be en�itied vn account af
<br /> any default. Any such a�tion by Lender shall not be construed as curing the defaul# so as to bar L�nder from any
<br /> remedy that it otherwise wau[d ha�e had.
<br /> WARRANT'Y; DEFENSE�F TITLE. The fvl�owing pro�isions relating to ownership o�the Praperty are a part vf this Deed
<br /> a�Trust:
<br /> Title. Trustor war�ants that: �a} Trustor holds good and marketable title af re�ord ta the Proper�y in fee simpie,
<br /> free and clear o�ail liens and encumbrances ather than those set forth in the R�a� Property descrip#ion or in the
<br /> Existing lndebtedness section below or in any tit�� insurance pa�i�y, #it�e repor�, or final tit�e opinion �ssued in fa�or
<br /> vf, and accep�ed by, Lender�n connection w�#h �his Deed af Trus�, and �b}Trustor has the fulf righ�, power, and
<br /> autharity to execute and deliWer this ❑eed of Trust to Lender.
<br /> Defense of Tit�e. Subject to the excepfian in #he parag�aph a�o�e, Trustvr warrants and will fore�er def�nd the
<br /> title ta�he Proper�y agains��he �awful cla[ms vf a�� pers�ns. In the e�ent any action ar proceeding is commenced
<br /> thafi questians Trustor's title or the interes�❑f Trus#ee or�ender under�his Deed of Trust,Trustar shall defend the
<br /> action a�Trust�r's expense. Trustor may b�the nomina! par�y in such proceeding, but Lender shal! be entitl�d ta
<br /> par�icipate in the proceeding and to be r�presented in the proceeding by counsel of Lende�'s own choice, and
<br /> Trustor w��l deii�er, or cause fio be de�i�ered, �a Lender su�h instruments as Lender may request from time ta time
<br /> ta permi�such par�icipa�ion.
<br /> Compliance 11Vith Laws. Trustor vuarrants �hat �he Property and Trus�or's use of the Property complies with a�1
<br /> existing appli�able�aws,ordinances,and regulations�f go�ernmental autharit[es.
<br /> Survivai of Promises. All pramises, agreements, and statements Trustor has made in th�s Deed of T�ust shall
<br /> survi�e�he execution and d��i�ery af#his Deed of Trus�, shall be cvn�inuing in na�ure and shall remain in ful��orce
<br /> and effect un�il such time as Trust�r's lndebtedness is paid in�u!!.
<br /> EXIST�NG INDEBTEC]NESS. The�ol�owing pro�isions conce�ning Exis��ng Indebtedness ar�a pa�t af this fleed of Trust:
<br /> Existing Lien. The lien of fhis Deed af Trus� securing �he Indeb�edne�s may be secandary and infer�or ta an
<br /> existing lien. Trustar expressfy covenants and agrees tv pay, or see#o �he paymen#a�, the Ex�sting lndebtedness
<br /> and to prevent any defaul�on such indebt�dness, any defau�t under the instruments e�idencing such indebtedness,
<br /> ar any default under any security documen#s for such indebtedness.
<br /> Nv �1JIod��cati�n. Trusfar shalC not enter into any agreement with #he hoCder ofi any mortgage, deed of trust, ❑r
<br /> othe�- securi#y agreement which has prio�ity o�er this Deed �f Trust by whi�h that agreement is madifed,
<br /> amended, extended, or renewed withaut �he pr�or written consent of Lender. Trusfor shal! neither request nor
<br /> accep�any future ad�ances under any such security agreement with�ut�he prior wri�ten consent�f Lender.
<br /> CaN�EMNAT[�N. The foilowing pro��sions relating to condemna�ion pro�eedings are a part o�this Deed❑�f Trust:
<br /> Proceedings. if any praceeding in c�ndemnation is f led, Trustor shall pramp��y notify Lender in wr'tt�ng, and
<br /> Trustor shali prompt�y take such s#eps as may be necessary�o defend the ac�ion and obtain the award. Trus�ar
<br /> may be�he nominal par�y in such proc�eding, but Lender sha!!be enti�led�o pa�ticipa�e in the proceeding and to be
<br /> represented in the proceedin� by counse! af its ovun �hoi�e, and Trustor wili deli�er or cause to be deli�ered to
<br /> Lender such �nstruments and d�cumenta�ion as may be reques#ed by Lender from time to �ime t� permi# such
<br /> participation.
<br /> Applica#ion of Net Rraceeds. If al1 or any part vf fh� Proper�y is condemned by eminent domain proceedings or by
<br /> any proceeding ar purchas� i� lieu ��condemna�ion, Lender may a�its election requi�-e that all or any por��on a�the
<br /> net proce�ds of the award be ap��ied to the lndebtedness or the repair or restoration of the Proper�y. The n�#
<br /> proce�ds of#he award shal[ mean�he award after payment of all reasonable cos�s, expenses, and at�orneys'�ees
<br /> - incur-red by Trust�e❑r Lender in connection wi�h the condemnatian.
<br /> IMPQSiT��N �F TAXES, FEES AN❑ CHARGES BY G�VERNMENTAL AUTH�R�TtES. The following pro�isions relating
<br /> �o ga�ernmenta�taxes,fees and charges are a part of this ❑eed v�Trust:
<br /> � Curren�Taxes, FeQs and �harges. Upan reques� by Lender, Trus�or shall exe�ute such documents-�n addition to
<br /> � this ❑eed af Trust and take whate�er o�her a��ion is requested by Lender to per#e�t and continue Lender's lien on
<br /> �he R�al Property. Trustor shall reimburse Lender for a�l taxes, as described below, together with all expenses
<br /> incurred in recording, perfecting or continuing �his De�d of Trust, including w�thout limi�ation aii taxes, f�es,
<br /> documentary stamps,and other charges for recording or registering�his aeed of Trus�.
<br /> Taxes. The follawing shall constitute taxes to which this section applies: �1} a speci�c tax upon this �ype o�F
<br /> Deed ofi Trust or upon all or any par� o��he 1nd�btedness secured by th�s Deed of Trust; �2} a specific tax on
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