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��14�3�1�
<br /> DEED �F TRUST
<br /> �Continued� Page 4
<br /> Lender such instruments and dvcumentatian as may be reques�ed by Lender from �ime ta #ime tv permi� such
<br /> participation.
<br /> Applica#ivn of Net Prviceeds. If ai� vr any part vf the Prvp�rty is condemned by eminent d�ma�n prviceedings or by
<br /> any proceeding or purchas� in lieu o#condemnation, Lender may at its eLectivn require that all or any partion ❑f the
<br /> net proceeds af the award be appli�d tv the lndebt�dness vr th� repair vr restaration vf the Property. The net
<br /> proceeds of the award shafi m�an the award after payment of all reasonab[e costs, expenses, and attvrneys' fees
<br /> incurred by Trustee or Lender in connection wi#h the cvndemnati�n.
<br /> fMPOS[TE�N �F TAXES, FEES AND CHARGES BY G�VERNMENTAL AUTH�RlTlES. The fallawing pro�isions relating
<br /> to ga�ernmental taxes, fees and charg�s are a part af this ❑eed of Trust:
<br /> Current Taxes. Fees and Charges. Upvn �equest by Lender, Trustvr shall execute su�h dacuments in additian tv
<br /> this Deed vt Trust and tak� whate�er other action is requested by L�nder to perfect and continue Lender's I�en on
<br /> the Rea� Property. Trustor shall reimburse L�nder fvr all taxes, as described belvw, tvgether with all expenses
<br /> incurred in recording, perfecting ❑r Gon#inuing this Deed of Trust, inctuding without �imitati�n ail taxes, fees,
<br /> documentary s#amps, and other charges for recording or registering this ❑eed af Trust.
<br /> Taxes. The fvllowing shall constitute tax�s to v►►hich this section applies: ��} a speci#ic tax upvn this type �f
<br /> ❑eed of Trust or upon al! ❑r any part vf the Indebtedness s�cured by this Deed of Trust; �2� a speci#i� tax on
<br /> Barrawer which B�rrower is authvrized or required to deduct #rom paym�nts on the lndebtedness securgd by th�s
<br /> type vf Deed ❑f T�ust; 43y a tax❑n this #ype of ❑eed ❑f Trust chargeable against th� Lender or the ho�der of the
<br /> Nate; and t4y a spe�ific tax an ali ar any portion v� the Indebtedness or an payments of prin�ipal and interest
<br /> made by Borrvwer.
<br /> Suhsequent Taxes. 1f any tax t❑ which this s�ctian applies is enacted subsequent to the date of this Deed o#
<br /> Trust, this e�ent shall ha�e th� same effect as an E�ent ❑f De#ault, and L�nder may exe�c�se any ar aii af its
<br /> a�ailable remedies fvr an E�ent of Default as pro�ided belvw unless Trustor either �1 y pays the tax before it
<br /> becvmes de�inquent, ar �23 cont�sts the tax as pro�ided abo�e in the Taxes and Liens sectian and depasits with
<br /> Lender cash or a sufficient corporate surety b�nd or other security satisfactory t� Lender.
<br /> SEGUR�TY AGREEMENT; FINANCING STATEMENTS. The #ol�vwing pro�Esions rela#ing tv this ❑eed of Trust as a
<br /> se�urity agreement ar� a part of#his De�d o�Trust:
<br /> 5ecu�i�y Agreement. This instrument shaEl constitute a Sscur�ty Agreement to the extent any �f the Prvperty
<br /> �vnstitutes fixtures, and Lend�r shall ha�e a!� of the rights ❑f a secured party under the Uniform C�mm�rciai Code
<br /> as amended�ram time to time.
<br /> Securi#y ln#erest, Upan reques� by Lender, Trustor shall take whate�er action is requested by Lender tv perf�ct
<br /> and cont�nue Lender's security inte�est in the Rents and Persvnal Property. 1n addition to rec�rding this Deed of
<br /> Trust in the r�af property records, Lender may, at any time and withvut further authvrization fram Trus�or, file
<br /> executed counterparts, cvpies or reproduc#ions vf this Deed of Trust as a financing statement. Trustor shall
<br /> reimburse Lender for a�� expenses incurred �n per�ecting ar continuing this security interest. �pon default, Trus#or
<br /> shall not remo�e, se��r or detach the Persvnal Property from the Praperty. Upan defauit, Trustvr shall assemb�e
<br /> any Pers�na� Proper#y nvt atf�xed t�the Property in a manner and at a plac� reasonably cvn�enient to Trustor and
<br /> Lender and make it a�aiiabie to Lender within three �3� days after receipt ❑f written demand fram Lender tv the
<br /> extent permitted by appli�able faw.
<br /> Addresses. The mailing addresses ❑f Trustor {debtary and Lender �secured party� from which �n#armativn
<br /> c�ncerning the security interest granted by this De�d vf Trust may be vhtain�d �each as required hy the UnEform
<br /> Commercial �odef are as stat�d on the first page ot this Deed fl�Trust.
<br /> FURTHER ASSURANCES: ATT�RNEY-IN-FACT. The following pra�isinns relating tv further assurances and
<br /> attorney-in-fact ar� a part of this Deed of Trust:
<br /> Further Assurances. At any time, and fram time to time, upon reques# of Lender, Trustor will make, executs and
<br /> deli��r, or wrE[ cause to be made, executed or deli�ere�, tv Lender vr to Lender's designee, and wh�n requested �y
<br /> Lender, caus� to be filed, recorded, refiied, vr rerecvrded, as the �ase may be, at such times and in such v�fices
<br /> and piaces as Lender may deem appropriate, any and all su�h mortgages, deeds of trust, securEty deeds. security
<br /> agreements, financing stat�ments, continua�ion statements, instruments of further assurance, c�rtif�catss, and
<br /> ather documents as may, in the sale ❑pinion of Lender, be necessary vr desirable in order to e#�e�tuate, cvmplete,
<br /> perfect, �ontinue, or pres�r�� ��f Barrawer's and Trustor's obligations under the Note, this Deed o�Trust, and
<br /> the Related ❑ocuments, and �2� the �iens and security interests crea�ed by this Deed o#T�ust as first and priar
<br /> liens on the Property. whether naw owned vr hereaf#er acquired by Trustor. Unless prohibited hy �aw ar Lender
<br /> agr�es t� the contrary in writing, Trustor sha[! reimburse Lender far ali costs and expenses incurred in cannection
<br /> with the matters ����rred ta in this paragraph.
<br /> Attvrney-in-Fact. 1f Trustor fails t❑ do any o#th� things referr�d to in the prec�ding paragraph, Lender may d❑ so
<br /> for and in th� name vf Trustor and at Trustv�'s expens�. For such purposes, Trustvr h�r�by irre�a�abfy appoints
<br /> Lender as Trustflr's attorney-in-fact fvr the purpvse of making, executing, deli�ering� �ilii"1�, recording, and doing all
<br /> ather things as may b� necessary or d�sirabl�, in Lender's svle �pinion� tv a�complish the matters r�ferred to in
<br /> �he pre�edEng paragraph.
<br /> FULL PERF�RMANCE. I# Borrower and Trustor pay ail the Ind�btedness, inc�uding with�ut �imEtat�on all future
<br /> ad�ances, when due, and Trustor v#herwise performs al�the obligations impvsed upvn Trustor und�r this Deed of Trust,
<br /> Lender shall execute and deli�er ta Trustee a request fvr full recon�eyance and shaf! �x�cute and deli�er to Trustor
<br /> suitable statements of terminativn vf any financing statement ❑n file e�idencing Lender's security interest in the Rents
<br /> and the P�rsvnal Prvperty. Any recon�eyance fiee �equir�d by law shall be paid by Trustor, if permitted by applicable
<br /> law.
<br /> EVENTS ❑F DEFAULT. Each of the follvwing, at Lender's option, sha�� constitute an E�ent of Default under this Deed
<br /> a#Trust;
<br /> Payment DefauEt. Borrower faiis to make any paymsnt when due under the Indebtedness.
<br /> Dther Defaults. gorrvwer or Trustvr fails t❑ campry with vr to perform any other term, vbligatian, cv�enant or
<br /> cvndition ��nta�ned in this ❑eed of Trust or in any o�the Reiated ❑ocuments or tv compCy with vr to pe�form any
<br /> term, obligation, cv�enant ar�vnditivn cantain�d in any vther agreement between L�nder and gorrower or Trustor.
<br /> Compliance Defauit. Fai�u�e tv compEy w�th any ather term, vbligation, co�enant or condEtivn contained in this
<br /> ❑eed of Trust, the Nvte or in any of th� Reiated Documents.
<br /> Default on Dther Paymen#s. Failure of Trustar within the time required hy this Deed of Trust to make any payment
<br /> for taxes or insurance, or any other payment necessary to pre�ent filing���r to eff�ct discharge of any lien.
<br /> False Statemen#s. Any warranty, representatian or staternent made vr furnish�d tv Lender by Borrawer vr Trustor
<br /> ❑r on Bvrrvwer's or Trustar's behalf under this ❑�ed of Trust or the Re[ated Documents is �alse or misl�ading in
<br /> any materia� respec�, eith�r nvw or at the time mad� or furntshed ❑r becomes false or misleading at any time
<br /> thereafter.
<br /> Defecti�e Collate�raliiation. This �eed vf Trust or any vf the Relat�d ❑ocuments ceases tv be in full farce and
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