|
. ��14��9�5
<br /> L�EEL� �F TRU�T
<br /> �.oan No: �U 1�8C�44�3 ��ontinu�d� Page 5
<br /> any proceedin� �r purchase in fieu ❑f�andemnatian, Lender may at its electian requir�that all ❑r any portion �f the
<br /> net pr�ceeds of the awar� be applied to �he �ndebte�ness or the repair or restoratian of the Property, The n�t
<br /> p�oceeds of the award shall mean �he award aft�r payment of al� reasonable costs, expenses, and a�torneys' fees
<br /> incurred by Trus�ee ❑r Lender in connec�ivn wi�h�he c�ndemnation.
<br /> IIIAPOS�TIDf� �F TA�ES. FEES AND CHARGES gY ��VERNMENTAL AUTH4RITIES, The faliowing pro�isions relat�ng
<br /> to go�ernmentai taxes, fees and charges are a part at�his ❑eed af Trust:
<br /> Curr�nf Tax�s, Fees an� Charg��. Upan request by Lender, Trust�r shal! execu�e such da�umen�s in addition to
<br /> this Deed o�Trust and take whatever other act�an is r�quested by Lender ta p�rfs�t and con�inue L�nder's lien an
<br /> the Real Property, Trustar shal� reimburse Lender for a}I taxes, as describe� b�[atrv, �qgether wi�h all e�cpenses
<br /> �ncurrsd in recarding, perfecting or cflntinuing this Deed of Trus�, including wi�hou� limita�ion �II taxes, fiees,
<br /> do�umentary stampsf and o�her charges�or recarding or registering this Deed Qf Trust.
<br /> Taxes. The �o�lawin� shall consti�ute taxes �a which this s�ction appiies. {�� a spe�ifi� tax upon this �ype �f
<br /> Qe�d ❑f Trust �r upon all �r any part ❑fi the Inde�tedness s�c�red by thi� Deed of Trust; ��y a spe�ifiG tax an
<br /> Trus�ar which Trustor is authorized ❑r required ta �educ�firom payments ❑n the Indeb�edness se�ured �y this type
<br /> of Deed af Trust; {3� a �ax on this type of Deed ❑f Trust chargeable against the Lend�r❑r the halder o�f the No�te;
<br /> and {4} a specifi� �ax on all or any p�r�iQn of the Inde�t�dness vr an payments ❑f principal and interest made by
<br /> Trus�ar,
<br /> Su�se�uent T'axes. If any �ax ta which �his section ap�iies is en����d subsequen� t� �he ���e ❑f this Deed ��
<br /> Trust, this ev�nt shall ha�e the same ef�ect as an E�ent of �efaulfi, and �.ender may ex�rcise any ar a�l afi its
<br /> a�ailable remedies for an E��nt ❑f t�e�ault a5 pro�ided belvw unless Trustar either ��y pays the tax before i�
<br /> becomes del�nqu�nt, ❑r {�} c�n�ests the �ax as prQ�ided aboWe in the Taxes and l.iens sec�ian and deposits wifih
<br /> Lend�r cash or a suffici�nt carporat�surety bond ar ath�r security satisfa��ory tv Lender.
<br /> SECURITY AGREEMEIVT; FINANCING STATEIVIENTS. Th� followin� pro�isions relating ta �this ae�d af Trust as a
<br /> security agreemen�are a part ot this Deed ❑f Trust:
<br /> Security Agreemen�. This instrument sha�i c�nstitute a Se��arity A�reement t❑ the exten� any of the Prop�rty
<br /> �ans�itut�s fix�ures, and Lender sha�i ha�e all of the righ�s a� a secured par�y under the LJnifarm �ammercia� Cflde
<br /> as amended frvm�ime to time.
<br /> Security In�erest. Upon r�ques� by �ender, Trust�r shall �ake what��er a��ian is reques�ed by Lender �a perfect
<br /> and continue L�nd�r's se�urity interest in �he Rents and Pers�nal Praper�y. In addition to recarding this �eed af
<br /> Trus� En �he rea! proper�y recards, Lender may, at any time and withou� further aufiho�ization from Trus�or, fil�
<br /> executed counterparts, �opies ar repra�uc�i�ns n� �his Deed of Trus� as a ��nan�ing s�atem�nt. Trustor shall
<br /> reimburs� Lender f�r a!I expenses in�urr�d in per��cting �r cont�nuing �his secu�ity interest. Upon default, Trustor
<br /> shal! no� remaWe, sever ar de�ach the Per�onal Property fram the F'roperty. Upvn default, Trustor shall assemble
<br /> any Pers�nal Praper�y not affixed �a the Praperty in a manner and a� a piace reasQnabfy convenient t� Trus�ar and
<br /> l.ender and malce it a�ailable �o Lender v�rithin three �3y days a�ter re�eipt ❑f writ�en deman� from Lender to the
<br /> extent permi�ted by applicable 1aw.
<br /> Addre�ses. The mailing addresses af Trustar �de�tary and Lender �se�ured party� �rom irvhich infarmation
<br /> concernin� the seGurity intsrest gran��d by �his Ds�d fl�Trus� may be ob�ained �each as required �y the Unifarm
<br /> Cammercial Code� are as s�a�ed on the first page af this Deed af Trust.
<br /> FU�THER ASSURANCES; ATTDRNEY-[N-F,ACT. Th� fal{owing pravisians rela�ing to fur�her assuranc�s and
<br /> attorney�in��act are a part afi this Deed ❑�Trust;
<br /> Further Assuranc�s. A� any �ime, and fr�m time to time, up�n reques� of L�nder, Trus�ar wiil maker execute and
<br /> deliver, or uvil�cause�o be made, executed or deli�ered, to L�nder or t� Lender's d�signee, and when requested by
<br /> �.en�er, �auss �a be filed, recarded, refifed, �r rereco�ded, as the case may be, at such times and in such affices
<br /> and p�aces as L�nd�r may deem apprapriate, any and all such mortga�es, deeds of trust, security deeds� �ecur�ty
<br /> �gr�emen�s, financing s�a�emen�s, confiinua�ion statem�n�s, instruments af furth�r assurance, certificat�s, and
<br /> other documents as may, in the sol� opini�n of Lender, be necessary ❑r desirahle in ❑rder to effectuate, camplete,
<br /> perfect, continue, ❑r preser�e �1� Trustor`s obliga�ions und�r �he N��e, this ❑e�d �f Trust, and the Related
<br /> Document�, and {�y fihe liens and security �nterests crea�ed by this D�ed of Trust as fErst and prior iiens on th�
<br /> Pr�perfiy, whether now owned or hereafter acquired by Trus�nr. Unfess prahi�i�ed by law or Lender agrees �o the
<br /> contrary in writing, Trus�ar shall reimburse Lender �or al� cos�s and expenses in�urred in cannection wi�h the
<br /> matters rsferred ta in this para�raph.
<br /> At�orney-in-Fact. If Trus��r faiis t� do any �f the things referred ta in the pr��eding paragraph, Lender may do sa
<br /> far and in �he name of Tru��or and at Trustar's expense, Fo�- such purposes, Trustar hereby irrev�cably appaints
<br /> Lender as Trust�r's attorney-in-fact far the purpase of makingi �XLC�.I�II"1�, delivering, filin�, �ecarding, and daing all
<br /> ather things as may be necessary ar d�sirable, in Lender`s so{e ❑pinion, �o accamplish the mat�er� re�erred to in
<br /> the preceding para�raph.
<br /> FULL PERFORIti1lANCE, If Trusfio� pays al! the lndebtedness, inc�uding withou� limitatian all future advances, whsn due,
<br /> and atherwise perform� all the obligat�ans imposed �pon Trustor under this De�d of Trust, Lender shal� exe�ut� and
<br /> defi�rer ta Trustee a r�que�� �ar fu41 re�on�eyan�e and sha�l exe�u�e and de�iuer �k❑ Trustor suitable sfatemenfis �f
<br /> terminat�an of any financing s�a�emenfi on f�le eviden�ing Lender's securi�y �nterest in �he Ren�s and �he P�rsanal
<br />
|