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<br /> 201500164
<br /> DEED OF TRUST
<br /> Loan No; 6850391 (COntlnued) Page 4
<br /> Applicatlon of Net Proceeds. If all or any part of the Properry is condemned by eminent domain proceedings or by
<br /> any proceeding or purchase in lieu of condemnaYion,Lender may at its election require that aEl or any portion of the
<br /> net proceeds of the award be applied to the Inde6tedness or the repair or restoration of the Property. The net
<br /> proceeds of the award shall mean the award after payment of all r�sonable costs, expenses, and attorneys'fees
<br /> incurred by Trustee or E_ender in connection with the condemr�ation.
<br /> IMP05171pN OF TAXES, FEES AND CHARGES BY GOVERHMENTAL AUTHdRITlES. The fallowfng provisions relating
<br /> Yo govemmental taxes,fees and c�arges are a part of this Deed of Trust:
<br /> Current Taxes, Fees and Charges. Upon request by Lendar, Teustor shall executa such doeuments in addition to
<br /> fF�is Deed of Trust and take whatever other action is requested by Lender to perfect and continue Lender's lien on
<br /> the Real Property. TrusEor shall reimburse Lender for all taxes, as described below, together with all expenses
<br /> incurred in recording, perfecting or continuing ihis Deed o4 Trust, including without limiiation all taxes, fees,
<br /> documentary stamps,and pther charges for recording or registering this Deed of Trust.
<br /> Taxes. The following shafl constitute taxes to which this seotion applies: (1) a speeifie tax upon this type of
<br /> Deed of Trusi or upon all or any part of the Indebtedness seeured by this Deed of 7rust; (2) a specific tax on
<br /> 7rustor which Trustor Es authorized or required ta deduct fram payrnants on the Inde6tedness secured by this type
<br /> of Deed of Trust; {3) a tax an this type of aeed of Trust chargeable against the Lender or the holder of the Note;
<br /> and (4) a speeifie tax on al] or any portion of the Indebtedness or an payments of principal and interest made by
<br /> 7rustor.
<br /> Subsequerrt Taxes. If any tax to which this section applies is enacted subsequent ta the date of this �eed of
<br /> Trust, this event shall have the same effect as an Everrt qf pefault, and Lender may exerase any or all of its
<br /> available remedies for an Event of Defauft as provided below unless Trustor eiiher (3) pays the tax before it
<br /> becomes delinquenY, pr (2) oontests the tax as provided above in the Taxes and Liens section and deposits witFr
<br /> 1.ender cash or a su�cient corporate surety bond or other securify satisfactory to Lender.
<br /> SECURITY AGREEMENT; FINANCING STATEMENTS. The fallowing provisions relating to this Deed of Trust as a
<br /> security agreement are a part of this Deed of Trusf:
<br /> 5ecurity Agreement. TF�is instrument shail constitute a Securi3y Agreement to the extent any of the Praperty
<br /> constifutes fixtures, and Lender shall have all of the rights of a secured parry under the Uniform Commercial Cnde
<br /> as amended irom time to iime.
<br /> 5ecurity Interest. Upon request by Lender, Trustor shall taEce whatevar action is requested by �ender to perfect
<br /> and continue Lende�'s securiYy interesf in the Rents and Personal Property. In addition to recording this Deed of
<br /> Trust in the real property records, Lender may, at any time and without further authorization from Trustor, file
<br /> executed counterparts, oopies or reproductions of this Deed of Trust as a financing statement. Trustor shall
<br /> reimburse Lender for alf expenses incurred in pertecting or continuing this security interest. Upon default, Trusfor
<br /> shall not remove, sever or detach the Persona! Property from the Praperty. Upon defa�lt, Trustor shal] assemble
<br /> any Personal Property not affixed to the Property in a manrter and af a place reasonably convenient to 7rustw and
<br /> Lender and make it a�ailable to Lender within #hree (3) days after receipt of written demand from Lender to the
<br /> extent permitted by applicable law.
<br /> Addresses. The mailing addresses af Trusior (debtor) and Lender (secured party) from which informaiion
<br /> concerning the security interest granted by this Deed of Trust may be obtained (each as required by the Un9form
<br /> Commercial Code)are as stated on the first page of this Deed of Trust.
<br /> FURTHER A5SURANCES; ATTORNEY-IN-FAGT. The fallowing provisions relating to further assuranceS �nd
<br /> attorney-in-fact are a part of this Deed of Trust:
<br /> Further Assurances. At any time, arxi frorn time to time, upon rec{uest of Lender, Trustor will make, execute and
<br /> deliver,or will cause to be rriade,executed or delivered,to Lender or to Lenciers designee, and when requested by
<br /> Lender, cause to be filed, recorded, refiled, or rerecorded, as the case may be, at such fimes and in such offices
<br /> and places as�ender rr�ay deem appropriate, any and all such mortgages, deeds of trust, security deeds, security
<br /> agreemer�ts, financing statemerrts, conYinuation statemerrts, instrumarrts of iurther assurance, certificates, and
<br /> other documer�fs as may, in the sole opinidn of Lender, be necessary ar desirable in order to effectuate, complete,
<br /> perFect, cor�tinue, or preserve (1) Trustor's obligations under the Note, this Deed of Trust, and the Related
<br /> Documerrts, and (2) the tiens and security interests created by this beed af Trust as first anci prior liens ar�the
<br /> Properky,whether now owned or hereafter aoquired by Trustor. lfnless prohibited by law or Lender agrees to the
<br /> contrary in writing, Trustor shall reimburse L.ender for all costs anct e�anses incurred in connection with the
<br /> matters referred to in this paragraph_
<br /> At}orney-in-Fact. If Trustor fails to do any of the things referred to in the preceding paragraph, Lerxier may do so
<br /> for and in the name of Trustor and at Trustor's expense. For suc� purposes, Trustor hereby irre�ocably appoinfs
<br /> Lender as Trustor's attorney-in-fact far the purpose of making,executing, delivering,filing, recording, and doing all
<br /> other things as may be necessary or desirable, in Lender's sole opinion, to accomplish the matters referred to in
<br /> the preceding paragraph.
<br /> FULL PEaFdRMANCE. If Trustar pays all the lndebtedness, including without Eimitatian all future advances, when due,
<br /> and otherwise perForms all the abligations impased upon Trustor uncter this Deed of Trust, Lender shal] execute and
<br /> deliver to Trustee a request for full reconveyance and shafl execute and deliver to Trustor suitable statements of
<br /> termination of any financing statement on file evidencing Lender's security interest in the RenEs and the Personal
<br /> Property. Any reconveyanee fee required by law shall be paid by Trustor,if permitted by applicable law.
<br /> EVEN7S pF pEFAULT. Each of the following, at Lender's op#ion, shall constitute an Everrt of�efault under this Deed
<br /> of 7rust:
<br /> Payment Defauft. Trustor fails Yd make any payment when due under the Indebtedness.
<br /> Other Defaults. Trustor fails to comply w9th or to perform any other term, obligation,�covenani or condition
<br /> contained in this Deed of 7rust ar in any of the Related Doeuments or to corrtply with or to perform any term,
<br /> obligation,r.ovenant or condition coniained in any other agreement betwee� Lender and Trustor.
<br /> Compliance Default. Failure ta camply with any other term, obligation, covenant or condiiion contained in this
<br /> Deed of Trust,the Note or in any of the Related Documents.
<br /> Default on Other Payments. Failure of T'rustor within the time required by lhis Deed of Trust to make any payment
<br /> for Eaxes or insurance,or any other payment necessary to pre�ent filing of or to effect discharge af any lien.
<br /> Default in Favor of Third Parties. Should Grantor default vnder any loan, extension of credit, securi#y agreement,
<br /> purchase or sales agreement, or any other agreement, in favor o#any other creditor ar persan that may materially
<br /> affec# any of Grantor's property or Grantor's ability to repay the ]ndebtedness or Grantor's ability to perform
<br /> Grantor's obligafions under this Deed of Trust or any of the Re[atecS Documents.
<br /> False Statements. Any warranty, representation or statement made or furnished to Lender by Trustor or on
<br /> Trustor's behalf under this Deed of Trust or the Related Documents is false or misleading in any maierial respect,
<br /> either now or at the time made or furnished or becomes fafse or misleading at any time thereafter.
<br /> Defecti�e Collateralization. 7his Deed of Trust or any of the Related Documents ceases to be in �vll force and
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