|
�
<br /> i
<br /> ��14�77��
<br /> DEED �F TRUST
<br />� Loan No: ��'1�87 3�9 {Corlt[nued} Page 5
<br />�
<br /> Campliance 1Nith Laws. Trus�tvr warrants that the Prvpe�ty and Trustor's use ot the Prvperty complies with all
<br />' existing applicab�e laws, ordinances, and regulations ❑-�go�ernmentaE authorities.
<br />�
<br />; Sur�i�ai vf Representations and V1Carrant�es. All representa�ivns, warranties, and agreements made by Trustor in
<br />� �his Deed of Trust shall sur���e�he execution and deli�ery o��his Beed of Trus�, shall be continuing in nature, and
<br />' shall remain in�ull farce and ef�ect until such�ime as Trustor's fndebtedness shall 1oe paid in�u11.
<br />� C�NDEMNATI�N. Th�foliowing pro�isions relating tv condemnatian p�oceedings are a part of this Deed ❑f Trust:
<br />� Prviceedings. 1� any prviceeding in candemnativn is filed, Trusfivr shall promptiy noti�y Lender �n writing, and
<br /> T�-ustvr shall prvmptly take such steps as may be necessary�o defend �he a�tion and �btain the award. -Trusto�-
<br /> may be�he naminai party in'su�h prviceeding, but Lender shall be en�itled to parti�ipate in�he proceeding and tv 1ae
<br /> rep�-es�n�ed in the pr��eeding by Gounsel of �ts ❑wn choice, and Trustor wil[ defi�er ❑r �ause to be deli�ered to
<br /> Lende�- su�h instrumen�s and docum�ntatian as may be requested by Lender �r�m �ime �o �ime to permit such
<br /> participation. •
<br /> Applicatian �f Net ProGeeds. If all or any part❑�the Praperty is condemned by eminent domain praceedings or by
<br /> any proceeding �r purchase in lieu❑fi condemnativn, Lender may at i�s elec�ian requ�re�hat all ❑r any partion v�the
<br /> ne� prv�eeds o�-fihe award be applied to �he �ndebtedness or fihe repair ar restoratEvn vf the Property. The net
<br /> proceeds ❑f the award sha�l mean the award after payrnent of all reasvnabie �osts, expenses, and at�arneys' fees
<br /> incurr�d 1�y Trustee❑r Lender in connection with the condemnation. -
<br /> �MPQ51Tl�N QF TAXES, FEES AND CHARGES 6Y GDVERNMENTAL AUTHDRITIES. The �allvwing pro�isians refatEng
<br /> to goWernmental taxes,-�ees and charges are a part o�this Deed❑f Trus#:
<br /> Curren�Taxes, Fees and Charges. Upon request by Lender, Trustor shall execu�� such documents in addition to
<br /> this ❑eed of Trust and take whate�er other ac�ion is requested by Lender to pertect and continue Lender's lien on
<br /> the Real Property. Trus�vr shal[ reimburse Lender for all taxes, as described belvw, together with a�f expenses
<br /> incurred in recvrding, perfecting or continuing �h�s ❑eed o�F Trus�, in�luding without Eimi�ativn all �axes, fees,
<br /> documentary stamps, and other charges fvr�-ecording or registering this I�eed of Trus�.
<br /> • Taxes. The �vllawing shal� �onsti�ute taxes t� which fih�s secfiian applies: {�} a specific tax upon this type �-� �
<br /> Deed af Trust or upon al! ❑r any par� of#he �ndebtedness se�ured by�his Deed of Trus�; ��} a specific �ax �n
<br /> Trustor which Trustor is authorized or required to deduc�fram paym�nts on the lndebtedness secured }�y�his type
<br /> vf Deed of Trust; {3} a tax on�his�ype of�eed ❑f Trust�hargeable against the Lender or the halder a��he No�ke;
<br /> and 44� a specific tax❑n a!I vr any portion o��he lndebtedness or an �ayments af principal and in��rest made by
<br /> Trustor.
<br /> Subsequen� Taxes. [f any tax to which �his sectivn appfies is enacted subsequen� �a the da�e af �his Deed of
<br /> Trust, this e�ent shall ha�e the same effect as an EWent vf Defau�t, and Lender may exercise any ar a�l of i�s
<br /> a�aiEable remedies ��r an E�ent of �efaul� as prvvided helow unless Trustar either t1} pays fihe �ax before i�
<br /> l�e�vmes de�inquent, ❑r �2} contesfis the tax as pra�ided abo�e in�he Ta�es and Liens secti�n and depvsits with
<br /> Lend�r cash or a su��icient Gvrpvrate surety bond or ofiher securi�y satisfactory ta Lender.
<br /> SECL1RlTY A�REEMENT; FINANCING STATEMENTS. The follaw�ng prv�is�ons refating �o fihis Deed af Trus� as a
<br /> security agreement are a part❑�this Deed o�Trust:
<br /> Securi#y Agreemen�. ThEs instrument shaf� canstitu�e a 5ecu�ity Agreement tv fihe ex�ent any ❑f �he Praperty
<br /> canstitutes �ix�ures, and Lende�sha!! ha�e alE vf�he rights of a secured party under�he Uniform CammerciaL Code
<br /> as amended frvm time�a�ime.
<br /> . 5e�uri�y In�erest. Upon request by Lender, Trustor shall take whatever acti�n is reques�ed by Lender�v perfe�t
<br /> and continue Lender's security interes� in �he Ren�s and Persvna[ P�operty. ln addit�on t❑ recvrding this Deed of
<br /> Trus� in the rea! proper�y records, Lend�r may, at any time and withflut further au�horization �rom Trustar, file
<br /> executed cvunterparts, copies o�- reproduc�ions ❑t fih�s De�d ❑� Trust as a financing statement. Trus�or shall
<br /> reiml�urse Lender#vr all e�epenses incurred in perfecting ❑r cvntinuing this secur�ty interest. Upvn de�ault, Trustor
<br /> shall not remove, sever ❑r detach fihe Personal Property-�rom the Praperty. Upvn defaul�, Trus�ar sha�l assemble
<br /> any Personal Property n�t af�ixed�o the Property in a manner and afi a place reasanably cvn�enient ta Trustor and
<br /> Lender and make it a�ailable t❑ Lender within three �3} days after receip� afi written demand �rarn Lender to the
<br /> exten#pe�-mitted by applicab�e law.
<br /> Addresses. The mailing addresses o-� Trustor �debtor� and Lender 4secured party} from which in�orma�ion
<br /> cancerning the security interes� granted �y�his Deed of Trust may be obtained �each as required by the lJni#orm
<br /> Commercial Code} are as s�a�ed on the first page❑�this Deed vf Trust.
<br /> FLIRTHER A55URANCES; ATT�RNEY-�N-FACT. The �o[lowing prv�isians re[a#ing to furthe�- assurances and
<br /> at�orney-in-fac�are a part o�this ❑eed of Trust:
<br /> Further Assurances. At any time, and frvm time to time, upon request❑f Lender, Trustor wil� make, execufie and
<br /> deli�er, �r wiEl cause t❑ be made, ex��uted vr delivered, tv Lend�r or t❑ Lender's designee, and when requested hy
<br /> Lender, cause t� be �iled� recorded, refiled, ❑r rerecvrded, as th� case may be, at such times and in such�❑ffices
<br /> and pla�es as Lend�r may deem appropria�e, any and all such mortgages, deeds a�trust, se�urity de�ds, secur'tty
<br /> agreements, finan�ing statements, continuation statements, ins�rumen�s of �urther assurance, certi�icates, and
<br /> other documents as may, in�he sole opinian v�Lender, 1ae necessary vr desfrab[e in order to effe�tuafie, compfe�e,
<br />
|