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��14�3��9
<br /> DEEa DF TRUST
<br /> �C�ntirluedj Page 4
<br /> Appii�a#ion of Ne# Proceeds. If all or any part of the Property is c�ndemned by eminent dvmain proce�d�ngs ar by
<br /> any proceeding ar purchase in lieu o�condemnativn, Lender may at its�lection requir�that all or any portion of the
<br /> net proce�ds vf the award he applied t❑ the �ndebtedness �r the repair or restorativn ❑f the Property. The n�t
<br /> proceeds af the award shail mean th� award after payment of all reasvnabf� costs, expenses, and attvrn�ys' fees
<br /> incur��d hy Trustee or Lender in�vnnectian with the condemnation.
<br /> lNiP�51Tl�N aF TAXES. FEES AND CHARGES BY G�VERNNiENTAL AUTHORlTlES. The fai{aw�ng prv�isions relating
<br /> to go��rnmenta�taxes, te�s and charges are a part of this Deed of Trust:
<br /> Current Taxes, Fees and Charges. Upvn request by Lender, Trust�r shall execute such documents in addition t�
<br /> this ❑eed vf Trust and take whate�er other act�on �s requested by Lender to per�ect and cvntinue Lender's �ien an
<br /> the Real Property. Trustor shall reimburse Lender for a[I taxes. as d�scribed belvw, together with all expenses
<br /> incurred in re�ording, perfe�ting or continuing this ❑eed of Trust, inc�uding withaut iimitation a�I taxes, fees,
<br /> dacumentary stamps, and other charges for r�cording ar registering this Deed ❑f Trust.
<br /> Taxes. The �viivwing shal! canstitute taxes t❑ which this sectivn applies: �1� a spe�i#i� tax upon this type �f
<br /> Deed of Trust vr upon all vr any part of the Indebtedness secur�d hy this Deed vf Trust; �Z� a sp�c�#ic tax an
<br /> Borrower which Bvrrow�r is authvrized �r required t❑ deduct trom payments vn the lndebtedness secured hy this
<br /> type vf Deed vf Trust; �3� a tax on �his type vf Deed af Trust chargeable against the Lender ar the holder of the
<br /> Note; and {4� a speci�ic tax an all or any portivn of the fndebtedness ❑r �n payments of principa� and interest
<br /> mads by Barrawer.
<br /> Suhsequgnt Taxes. If any tax to which #his s�ctivn applies is enacted subsequ�nt to the date vf this ❑eed a�
<br /> Trust, this e�ent shall ha�e the same e#fect as an E�ent af ❑efiault, and Lender may exercise any or aEl ❑f its
<br /> a�aifable remedies fvr an E�en# of ❑efauit as pro�ided belvw unless Trustor eith�r ��� pays the tax befare it
<br /> becomes d��inquent, ❑r ��y �on�ests the tax as pro�ided abv�e in the Tax�s and Li�ns s�ctEon and deposits with
<br /> Lender cash or a sufficient cvrporate surety bond ar vther security satisfactory to Lender.
<br /> SECURITY AGREEMENT; FINANClNG STATEMENTS. The following pro�isians rela�ing ta this Deed �f Trust as a
<br /> security agreement are a part of this ❑eed of Trust:
<br /> Secu�ity Agreement. This instrument shall constitute a Se�urity Agreement t❑ th� extent any of the Prop�rty
<br /> cvnstitutes fixtures, and Lender shali ha�e akl of the rights ❑# a se�ur�d pa�ty under the Unito�m Commercial Cod�
<br /> as amended from time t❑time.
<br /> Security Interest. Upvn request by Lender, Trustor shalf take whate�er action is requested by Lender to perfect
<br /> and continue Lender's security interest in the Rents and Personal Property. �n addition to recvrding �his �eed af
<br /> Trust in the real prvperty records, Lender may, at any time and withaut fu�ther authorization from Trustor, file
<br /> executed counterparts, capies vr reprodu�tivns of this Deed of Trust as a �inanc�ng statement. Trustvr shall
<br /> re�mburse Lend�r fvr alf expenses incurred in perfectin� vr continuing this security interest. �pon de�auit, Trustor
<br /> sha�� not rem��e. se�er or detach th� Persana� Property fram the Property. Upon defauft, Trustvr shali assemble
<br /> any Personal Property nat a��ixed to the Pr�p�rty in a manner and at a place reasonab�y can�enient to Trusto� and
<br /> Lender and mak� it a�ailable to Lender within thr�e {3l days after re�eip� vf writ#en demand frvm Lender tv the
<br /> extent permitted by applicable law.
<br /> Addresses. The mailing addresses of Trustvr tde�tor� and Lender {secured party� from wh��h informat�on
<br /> concerning the secu�ity interest granted by this Deed af Trust may be obtained teach as required by the LJniform
<br /> Commercial Code� are as stated on the first page af this Deed ❑f Trust.
<br /> FURTHER ASSURANCES; ATT�RNEY-lN-FACT. The following pro�isions relating tv further assuran�es and
<br /> attorney-in-fact are a part af th�s Deed vf Trust:
<br /> Further Assuran�es. At any�ime, and from time to t�m�, upon request of Lender, Trustor wi{f make, execute and
<br /> defi�er, flr wit[ cause to �e made, executed �r deli�ered, to Lender or t� Lender's designe�. and when requested by
<br /> Lender, cause tv be filed, recvrded, r�filed, or re�ecorded, as the �ase may be, at such t�mes and in such offices
<br /> and piaces as Lender may deem apprvprEate, any and all such mortgages, deeds vf trust, security deeds, security
<br /> agreements, financing sta�em�n�ts, cvntinuation statements, instruments ❑f turther assurance, certifica#es, and
<br /> other dvcuments as may, in the svie opinion of Lender, be necessary❑r desirable �n ❑rder to effectuate, �amplete,
<br /> perfect, cantinue. vr preser�e t 1 y Borrvwer's and Trustor's ohligations und�r the Nate, this ❑eed ❑f Trust, and
<br /> the Re�ated Documents, and �Zy #he liens and secu�ity interests �reated �y this Deed �f Trust as first and prior
<br /> liens on th� Praperty, whethe�- nvw owned ❑r hereatter acquired by Trustor. Un1�ss prvhibited by law or Lender
<br /> agrees to #he cvntrary �n writing, Trustvr shall reimburse Lender for al[ costs and expenses incurred in c�nne�t�vn
<br /> with the matters referred to in this paragraph.
<br /> Attorney-in-Fact. !f Trustor fails tv do any of the things re#erred �a in the pr�ceding paragraph, Lender may dv so
<br /> fvr and in the name o�Trustor and at Trustvr's expense, Fvr such purposes, Trustor hereby irre�vcably appoin#s
<br /> Lender as Trustor's attvrney-in-fact#vr the purpose o�making, executing, d��i�ering, filing, re�ording, and doing a�l
<br /> other things as may be necessary or desirable, in Lender's sale opinion, to accnmpi�sh the matters referred to in
<br /> the preceding paragraph.
<br /> FULL PERFORMANCE. lf Bvrrower and T�ustvr pay all the Indebtedness, including without limitation a�t future
<br /> ad�ances, when due, and Trustor vtherwise psrforms all the vbiigat�vns impased upon Trustar under this Deed vf Trust,
<br /> L�nder shali execute and deli�er to Trustee a reques� for fui! recvn�eyanc� and shall execute and deli�er ta Trust�r
<br /> suitah�e statemsnts of termination of any financing statement on file e�idencing Lender's security int�rest in the Rents
<br /> and the Persona� Property. Any recon�eyan�e fee required by law sha!! be paid by Trustor, �f permitted by appli�able
<br /> law.
<br /> EVENTS �F DEFAIJLT. Each of the �vilvwEng, at Lender's ❑ption, shall constitute an E�ent of Default under this Deed
<br /> of Trust:
<br /> Paymen#Default. Borrvr►ver fails to make any payment when due under the Indebtedness.
<br /> ❑ther Defaults, 6�rrower or Trust�r f�ils to camply with �r tv p�rfarm any vther term, vbiigation, co�enant ar
<br /> cvndition contained in this Deed vf Trust or ':n any of the Related Do�um�nts vr to camply with or to perfvrm any
<br /> term, vh�igativn, cv�enant❑r c�ndition contained in any❑ther agreement betw�en Lender and Borrower or Trustor.
<br /> Compiiance Defauit. Fai[ure tv �omply with any other term, o�ligatian, co�enant or cvndition cvntained in th�s
<br /> Deed o#Trust, the Note or in any of the Related Dvcuments.
<br /> Defauit vn�the�Payments. Fai�ure of Trustor w�thin th�tim� required by this Deed �f Trust to make any payment
<br /> far taxes vr insurance, or any❑#her payment necessary#o pre�ent filing of ar tv effect discharge ❑f any lien.
<br /> Fa�se 5tatements. Any warranty, representatian or statement mad� ar furnished to Lender �y Borrower or Trustvr
<br /> or on Borrower's or Trustor's �ehalf under this Deed ❑f Trust ❑r the R�lated Dacuments is false or misleading in
<br /> any materia� respect, either naw or a# the time made ❑r furnished ❑r becomes �afse or misleading at any time
<br /> therea�ter.
<br /> De#ecti�e Co��ateraliiativn. This Deed af Trust ar any vf the Related Dvcuments ceases tv b� in full force and
<br /> effe�t {including failure afi any collateral document to create a �alid and p�rtected security interest or li�ny at any
<br /> time and for any reasan.
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