|
��15��44�
<br /> .
<br /> 4
<br /> . DEED �F TRUST
<br /> Lvan Nv: �D�282��3 {Conti�ued} Page 5
<br /> Prviceedings. f� any proceeding in condemna�ion is filed, Trustor shafl promp�ly noti�y Lender in wri�ing, and
<br /> T�us�or shall promptly take suGh steps as may be necessary t❑ defend the ac�ion and obtain the award. Trus�vr
<br /> may be the nominal party in such proceeding, but Lender sha�I be en�itled tv participa�e in�he proceeding and to be
<br /> represented in the proceeding by caunsel o� its own chaice, and T�ustvr will deli�er vr cause �o be delivered t❑
<br /> Lender su�h instrumen�s and documenta�ian as may �e requested l�y Lender from �ime �o time �o permi� su�h
<br /> participa�ion.
<br /> Application vf Nefi Prviceeds. If all ar any part o�the Pr�pe�ty is condemned by eminen�dvmain prv�eedings ar by
<br /> any proceeding ❑r purchase in lieu o�condemnation, Lender may at�ts e�ection require that afi ar any portion of�khe
<br /> n�� praceeds ❑f�he award i�e app�ied ta the Indebtedness ❑r �he repair or restora�ion o�f �he Praperty. The net
<br /> prviceeds a�the award shal� mean �he award a-f-ker payr�en� af a�� reasonahle cos�s, expenses, and at�torneys' �F��s
<br /> incurred by Trus�ee or Lender€n cannection with the condemnation.
<br /> �MPDSETIQN �F TAXES, FEES AND CHARGES BY G�VEFiNMENTAL AUTH�RITlES. The fo[lowing pro�isians rela�king
<br /> �o governmentai�axes, �ees and charges a�-e a par�❑f this Deed of Trust:
<br /> Current Taxes, Fees and Charges. Upon request by Lender, Trustor shall execute such documents in addition to
<br /> �hts Deed ❑�Trust and�ake wha�e�er❑�her ac�ivn is requested by Lender tv perf��t and con��nue Lender's lien on
<br /> fihe Real Property. Trustvr shafl reimburse Lender for al� �axes, as described below, tagether wi�h all expenses
<br /> incurred in recording, perfiecting flr continuing this �eed of Trus�, inc[uding wifihaut limitativn all fiaxes, �Fees,
<br /> do�umentary stamps, and o�her charges for r�carding or registering th;s Deed of Trust.
<br /> Taxes. The follawing shall cons�i�u�e taxes �❑ which this sec�ian applies: {�� a speci�Fic tax upan th�s type nf .
<br /> Deed of Trust or upnn all ❑r any part o��he lndebfiedness secured by this Deed of Trus�; �2} a specific �ax an
<br /> Ba�-rvwer which Bvrrvwer is authorized ar requ�red �k❑ deduct fram payments an�he lndebtedness secured by�his
<br /> �ype of Deed of Trus�t; 43� a tax vn this type of Deed af Trust chargeab[e against�he Lend�r o�r fihe hvlde�o�F�he
<br /> Nvte; and 44} a specific tax ❑n a![ ❑r any partion ❑f -�he Endebtedness or on payments ofi principal and interest
<br /> mad� by garrawer.
<br /> Subsequent Taxes. [f any �ax to which �his sectivn applies is enac�ked subsequent to �the dat� of this ❑eed o�
<br /> Trust, thEs e�ent shafE ha�e the same e��ect as an E�ent af Default, and Lender may exercise any vr all of i�s
<br /> a�ai�able remedies for an EWen� ❑�f aefaul� as pro�tded belaw unless Trustor either �'i} pays the �ax be�fore it
<br /> becomes delinquen�, ar {2� contes�ts th�tax as p�-o�ided aho�e in the Taxes and Liens sec�ion and deposits with
<br /> Lender cash❑r a suffici�nt c�rporate surety bond vr ofiher se�urity satisfact�ry�a Lender.
<br /> SECLIRITY AGREEMENT; FINANCING STATEMENTS. The �ol�owing prv�is�ans rela�ing �o �his I�eed o� Trust as a
<br /> securi�y a�reemen�are a par��f�his ❑eed of T�-ust:
<br /> S�curi�y Agreement. This instrument shal[ cans�itute a Se�urity Agreement ta �he extent any of fih� Property
<br /> Gonstitutes �ixtures, and Lender shal[ ha�e all of�he rights ��a secured party unde�r the Unifarm Commercial Cvde
<br /> as amended from time to�ime.
<br /> Security ln�terest. Upan reques� by Lender, T�-ustvr shall take whate�e�r activn is requesfied by Lendsr to perfie��
<br /> and con�inue Lender's security in�eresfi in the Rents and Personal Praperty. !n addition to recording this ❑eed of
<br /> Trusfi in the r�af praperty recards, Lender may, �at any time and with�ut �ur-kher au�harizatian from Trustor, file
<br /> execu�ed counterparts, copies vr reprvduc�ions of this ❑eed of Trust as a �inan�ing sfiatement. Trustvr sha��
<br /> re�mburse Lender for a[l expenses incurred in perfect�ng o�- cantinuing �his security in�eres�. Upon defaul�, Trustor
<br /> shall no� remo�e, sever or detach the Personal Praperty �ram the Property. Upon defau�t, Trus�or shall assemhle
<br /> any Persona� Prvper�y not affixed�o the Praper-ty in a manner and at a Qlace reasonab[y con�enient�o Trus�or and
<br /> Lender and make it aWailabl� t❑ Lender within �hree {3} days after receipt of wri��en demand -�rom Lender to the
<br /> ex�en�permit�ed by applicable 1aw. �
<br /> Addresses. The mailing addresses of Trus�ar {dehto�} and Lender �secured par�y} �rom which in�ormation
<br /> concerning �khe securi�y in�eres� gran�ed by �his ❑eed a�Trust may be obtained �each as required by the Uniform
<br /> Cammercial Code} are as sfiated vn fihe�irsfi page o�this ❑�ed v�Trus�.
<br /> FURTHER ASSURANCES; ATTDRNEY-IN-FACT. Th� following proWisions relating ta �urther assuran�es and
<br /> • , attorney--in--fact are a part of this Deed ❑�Trust:
<br /> Fur�her Assurances. At any�ime, and fram fiime fio �tirrte, upon reques� of Lender, Trustor will ma�e, execu�e and
<br /> defi�er, or w��1 cause t❑ �e made, executed ❑r deli�ered, to Lender❑r to Lender's designee, and when r�quested by
<br /> Lender, cause to be �iled, recarded, re�i[ed, o�- rerecorded, as �the �ase may be, at su�h fiimes and in such ❑ffi�es
<br /> and piaces as Lender may deem appropriate, any and all su�h mortgages, deeds of�trust, se�urity deeds, security
<br /> agreemenfis, financing sfiatemen�s, �vn�inuation stafiements, instrumen�s ❑f fur�her assurance, certi�Fi�ates, and
<br /> vther dacumen�s as may, in�he sole ❑pinivn ❑� Lender� be necessary ❑r desirahle in ❑rder ta effe��uate, comple�e,
<br /> per�ect, can�inue, ar preser�e {'€� Borrvwer`s and Trus�ar's ob[igations under the No�e, this ❑eed af Trus�, and
<br /> �he Related ❑acuments, and �2� the fiens and se�urity interes�s created by this Deed ��Trust as firsfi and pr�o�
<br /> liens ❑n the P�aperty, whefiher novv ❑wned or hereafter acqu�red by Trustor. Uniess prohilaited by law �r Lender
<br /> ag�-ees �❑ the can�rary in writing, Trustor shall reimburse Lend�r for all cos�fis and expenses incurred in connec�tion
<br /> with the ma��ers referred�❑in�his paragraph.
<br /> At�orney-in�Fact. 1�Trustor-�ails �o do any of fihe�hings re#erred to in the preceding paragraph, Lender may do s❑
<br /> for and in fihe name of Trus�vr and at Trust�r's expense. For su�h purposes, Trustor hereby irre�vcal�ly appvin�s
<br />
|