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��14�3�74
<br /> []EE[3 �F TRU�T
<br /> Loan Nv: 1�1�77�31 ��ont�nued} Page �
<br /> par�icipation.
<br /> App�i�a�ian �f Ne� Proceeds. �f all vr any part af the Proper�y is condemned by eminent dvmain prnceedings ar by
<br /> any proce�ding or purchas� in li�u of condemnation, Lend�r may at its election require that a11 vr any p�rtion of the
<br /> net pr�ceeds of th� award �e applied ta �h� lnde�tedness or the repair or rastoration at �he Pr�per�y. The net
<br /> pro�e�ds of the award shall mean the award a�ter paymen�o� all reas�nabie cvsts, �xpenses, and attarneys' fees
<br /> incurred by Trus�e�or Lender in connecti�n with the condemnation. �
<br /> 1MP(JSITI�N �F TAXES, FEE� AND CHAR�ES BY G�VERNItiflENTAL AUTH�RITiES. The fal�owing provisians rela�ing
<br /> ta go�ernmental tax�s, �ees and charg�s are a part of this De�d o�Trust:
<br /> �urrent Taxes. Fe�s and Charges. tJpon request by Lender, Trustor shall ex�cute such documen�ts in additian to
<br /> this Deed of Trust and ta�e whatever oth�r action is requested by Lend�r ta per�ec�k and continue Lender's lien �n
<br /> �he Real Prop�rty. Trustar shall reimburse Lender �or alf taxes� as described beiow, �ogether wi�h all expenses
<br /> incurr�d in recording. perfe��ing or continuing this Deed of Trust, in��udin� without �imitation a1l tax�s, �fees,
<br /> documentary stamps, and other char�es for recarding ar registering this D�ed of Trus�.
<br /> Taxes. The faliowing shall cansti�u�e taxes to which this sec�tion appfies; �1} a specific tax upon �his type of
<br /> Deed of Trust or upon all ❑r any part af �he lndebtedness seCured by �h�s Deed Qf Trust; ��} a specific tax an
<br /> Trustar which Trustor is authorized or requir�d to deduct fram payments �n the Indebtedness secured by this�ype
<br /> of Deed o�F Trust; �3} a tax on this type of Deed a�Trust chargeable against th� Lender�r the h�lder of the Note;
<br /> and {4} a spe�ific tax on a!I ar any portion of the Indebtedness or on payments o� principal and interest made by
<br /> Trust�r.
<br /> Subsequen� Taxes. If any tax to which �his se�tion appfies is ena�ted subsequent t� the dat� o� this Qeed af
<br /> Trust, �his event shall ha�e the same eff�ct as an Event o�F De�fauEt, and Lender may exercise any or all of its
<br /> a�ai�able r�medies for an Event of aefau�t as pro�ided below un�ess Trustor either {1 y pays the tax bef��e i�t
<br /> k�ecvmes d�linquent, vr {�� con�tes�s the �ax as pro�ided a�o�e in �he Taxes and Liens section and d�p�si�s with
<br /> Lender cash or a suf�icient corporate sure�ty band�r vther securi�y satisfactory�� L�nd�r.
<br /> SE�URITY AGREEiVIENT; FINANCING STATEMEIVTS. The following provisi�ns r�lating to this Deed �# Trust as a
<br /> secur�ty agreemen�are a part a�#his Deed of Trust:
<br /> Security �lgreement. This instrument shall cons�titu�e a 5ecurity Agreement to �he extent any of the Property
<br /> constitutes fiixtures, and Lender shall have al[ o�the rights o� a se�ured party under the �niform Cornmercial Code
<br /> as amended from time to�ime.
<br /> Se�urity ln#erest. Upon �equest by L�nd�r, Trusfor sha11 take whatever action is requested b�r Lender to perfect
<br /> and c�ntinue Lender"s security in�erest in the Rents and Personai Property. ln addition ta recording �his Qeed of
<br /> Trusfi in the real prop�rty recor�s, Lender may, at any time an� withaut further auth�ri2ation from Trus�ar, fiie
<br /> ex�cuted count�rparts, copies or reproductions a-F this �eed of Trust as a financing s�atemen�. Trustor shall
<br /> reim�urse Lender for all expenses incurred in psrfecting vr cvntinuing this security interesto Upon defaul�, Trust�r
<br /> shall not remove, se�er or de�ach �he Persona� Property from fhe Proper�y. Upon default, Trustor shal! assemble
<br /> any Personal Prap�rty not a�F�ixed t�the Property in a manner and at a place reasonab�y convenient to Trust�r and
<br /> Lender and rnake it aWailable tv Lender within three {3y days after receipt af writ�en demand #rom Lender to �he
<br /> extent permittsd �y applicable law,
<br /> Addresses. The mailing addresses �f Trustar �debtory and Lender �secured party} frnm which in�or-matian-- --� ---- -
<br /> __ - _ _ . -__ con�er-nin.g the security int�res� �ranted �y this Deed afi Trust may �e obtained �each as required-by=the�Uni�vrm
<br /> Commercial Cade� are as s�ated on the first page of th�s aeed o#Trust.
<br /> FURTHER ASSURANCES: ATT�RNEY-IN-F�4CT. The fol�owing prv�isivns rela�ing to �urther assuran�es and
<br /> attorney-in-�fac�are a part of this Deed a�Trust:
<br /> Fur�her Assurances. At any time, and firom time tQ tim�� upan request of Lender, T�ustar uvi11 makef execute and
<br /> deliver, or will cause t� be made, execu�ed vr deli�ered, tv L�nder or to Lender's designee, and when reques�ed by
<br /> Lender� cause �o b� filed, recorded, refiled, ar rerecorded, as �he cas� may be, a� such times and in such o�ffices
<br /> and places as Len�er may deem appropriate, any and a11 such mortgages, deeds of�rust, security deeds, s�curi�y
<br /> agreements, financing s�at�ments, continuation s�ta�ements, instruments o� further assurance, certificates, and
<br /> o�her documents as may� in �he sQle opinion ofi L�nderf be n�cessary ar�esirable in order�to effectuate, camp�ete�
<br /> per�ect, continue, or preserve t�f Trus��r's abligations under the N�te, this De�d of Trust, and the Related
<br /> Dacument�, an� ��y the liens and securi�y interests erea�ed by this ❑eed af Trust �n the Praperty, whether naw
<br /> owned ❑r hereaft�r acquired hy Trus�or. Llnl�ss pr�hibited by �aw or Lender agrees t� �h� cantrary in writing,
<br /> Trustor sha�l reimburse Lender for all co��s and expenses �ncurred in canne�ti�n with�he matters referr�d�o in this
<br /> paragraph.
<br /> Attvrney-in-Fa��t. If Trustvr fails t❑ d� any o�F the things ref�rr�d �o in the preceding paragraph, Lender may d� so
<br /> for and �n the name o� Trust�r and a� Trustar's expense. For such purpvses� Trustor hereby irre�a�a�ly appaints
<br /> Len�er as Trust�r's attorney-inwfac�f�r fihe purpose of making, executing, d�fiWering, filin�� recording. and doing a�l
<br /> ather things as may be n�cessary or des�rable, in Lender's so�e apinion, ta ac�omplish the ma��ers r�f�rred to in
<br /> �h�pre��ding paragraph.
<br /> FULL PERF�RIIJIANCE. ��Trustvr pays a!l the lndebtedness, in�iuding with�ut limitation al� fu�ure ad�ances, when due�
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