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��14��11�
<br /> �EE� �F TRUST
<br /> Laan No: 'I D��7 a'[�� �Cor�trnued} Pag� 5
<br /> Exist�ng Lien. The lien of this De�d a� Trus� se�uring the lndebtedness may be secondary and inferior t❑ an
<br /> existing lien. Trustor expressly ��venants and agrees to pay, ❑r see ta the paymen�t o�, �khe Existing Indebtedness
<br /> and t� pre�rent any default on such indebtedness, any defau[t under�he instruments e�idencing such indebtedn�ss,
<br /> or any default under any securi�y documents fvr such indebte�ness.
<br /> No Modificafiion. Trustor sha�l not en�ter intv any agreement wi�h the ho�der of any martgage, deed of trust, or
<br /> other security a�reem�n� which has priarity over this De�d of Trust by whi�h tha� agreement is modifi�d,
<br /> amended, �xtended, ar r�newed without the prior written c�nsent of Lender. Trus�or shall neither request nor
<br /> accept any future advances under any such security agr��men�without the prior written consent vf Lend�r.
<br /> C[]NDEM1VATl�N, The fvllavuing provisions re�a�in�t� condemnation praceedings a�e a part af this Deed of Trust:
<br /> Pro�eedings. If any proceeding in condsmnatian is filed, Trustor shall promptly noti�Fy Lender �n writing, and
<br /> Trustor sha�l promptly ta�e such steps as may be n��essary to defend �he a�tion and obtain the award. Trustar
<br /> may be�he nominal party in such pra�eeding, but Lender shall �e�n�itled to par�i�ipate in the prac�eding and to be
<br /> repr�sent�d in th� prviceeding by counsel vf i�s �wn choice, and Trustor wili deliver or cause �v be deli�ered ta
<br /> Lender su�h instruments and da�umentation as may be requested by Lender fr�m time �o time ta permit such
<br /> participation.
<br /> ►4ppli�ation v#Net Pro�eeds. If all �r any part of the Prope��y is cond�mn�d hy emin�n�domain proceedings or �y
<br /> any proceeding or purchase in �i�u of cand�mnation, Lender may at its�fectian require that al� or any portion��the
<br /> net proceeds afi th� award �e applied to the Indebtedness ar the repair �r res�oration of the Property. Th� net
<br /> prv�eeds af the award shali mean the award after payment ❑� alE reasanable costs, expenses, and attorneys' f��s
<br /> incurred by Trustee or L�nder in �onnec�tion wi�h the condemna�ion.
<br /> IMP�SIT[aN �F TAXES. FEES AND �HARGES BY G�VERNMENTAL A�THDRiTiES. The following provisians relafing
<br /> to gv�ernmental�axes, fees and charges are a part of�his �eed of Trust:
<br /> Curr�nt Taxes, Fees and Charges. LJp�n request by Lender, Trustor shall execut� such documents in addition �v
<br /> this Deed of Trus� and take wha�e�er o�h�r action is re�uested by Lender to per�rect and cantinue Lend�r's lien �n
<br /> the Real Prvperty. Trus�tor shal� reimburse Lend�� far all taxes, as descri�ed be�aw, tage�her wi�h al� expenses
<br /> �ncurred in recarding, perfec�ing ar continuing this Deed of Trust, inGluding wi�hout fimitation all taxes, fees.
<br /> do�umen�ary stamps, and Qther�harg�s for recQrding or r�gistering this Deed vf Trust.
<br /> Taxes. The �t�llawin� shall constitu�� tax�s �o which this section applies: ��f a specific tax upan this type of
<br /> Deed of Trus� �r upon al� or any part of the 1nd�btedness secured by this D�ed o� Trust; ��y a sp�cific tax vn
<br /> Barrower which Borrow�r is au�hori�ed or required tv deduct from payments on the Indebtedness secured by�his
<br /> �ype of Deed of Trust; t3} a tax on �his type vf l�e�d o�Trus� chargeabl� against the L�nder ar the h�lder ��the
<br /> Nate; and {4} a specific �ax vn a!I ar any pvr�ion o� the lndeb�edness or an payments af principaE and interesfi
<br /> made �y Bvrrow�r.
<br /> Suhsequenfi Taxes. If any tax ta which this sec�kion appli�s is enacted subsequent to the dat� of this �eed a�
<br /> Trust, this e��nt shall ha�e �he same eff�ct as an E�ent vf [�efault, and L�nder may exercise any or a!1 0� its
<br /> available remedies for an Event ❑f ❑efault as pro�ided belavu unless Trustor either {1� pays �h� tax bef�re it
<br /> becomes delinquent, or ��y con�ests the �ax as pro�ided above in fihe Taxes and Liens section �nd deposits wi�h
<br /> Lender�ash or a suf�icient corpvrate surety band nr other security satis�actory ta Lender.
<br /> SE�LlR1TY AGREEMENT; FINA�VCING STATE111C1E1VTS. The follvwing pr�Wisivns r�lating to this Deed of Trust as a
<br /> se�urity agreement are a part of this Deed af Trus�:
<br /> Securi�y Agr��men�. This instrument shall cons�ifu�e a Securifiy Agreement to fih� extent any af th� Property
<br /> c�nstitutes �ixtures, and Lend�r shall have all af the rights vf a secured party un�er the lJnifiarm Camrnerc'tal Cade
<br /> as am�nded�rom t�me to fiime.
<br /> 5ecur��y Int�resf. LJpan request by Lender. Trustvr sha�l take whate�er ac�ion is �equested �y Lender to perfec�
<br /> and cvntinue Lend�r's securi�y in�erest in the Rents and Persanal Praperty. ln additian ta r�cording this ❑eed of
<br /> Trust in �he real prop�rty records, Lender may, at any tim� and without further authorizatian fram Trusfior, file
<br /> execu�ed cvunterpar�s, capies ar reproduc�ions af this Deed of Trust as a financing s�a�emen�. Trustor shalf
<br /> reimburse Lender for all expenses incurred in per��ct�n� ar confiinu�ng �his s��urity inter�st. upon defau[t, Trus�vr
<br /> shall nat remn�e, se��r or detach �he Personal Proper�ky fram the Property. lJpon de�ault, Trustor shall assemble
<br /> any Persanal Property not affiixed ta�he P�-operty in a manner and at a p�ace reasonably canWenient ta Trustvr and
<br /> Lender and mal�e it aWailabl� ta Lender within three �3� days aft�r reGeipt af written demand fram Lender t� the
<br /> ex�ent permitted by applicable law.
<br /> Addresses. The mailing addresses o�F Trus�ar �debtor} and L�nder �se�ured party} from which informa�ion
<br /> �oncerning th� security int�rest grante� by this D�ed of Trust may be ❑b�ained �each as required by the Uniform
<br /> Commercial Cade} are as s�ated on th�first page of t�is Deed af T�ust.
<br /> FURTHER A55URANCES; AT`TaRNEY-CN-FACT. The falfowing .pro�isians relating to further assuran�es and
<br /> attorney�in--fa�t are a par�t�f this Deed vf Trust:
<br /> Further Assurances. At any time, and from tim� #o time, upon �equest ❑f Lender, Trus�or will make, �xecute and
<br /> defi�er, or wi�l �ause�o be made, executed or deliWered� to Lender or to Lender's designee, and when requ�sted by
<br /> Lender, caus� �o be fi�ed, re�orded, refiled, or rerecorded, as th� case may be, af such times and in such affices
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