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� ��15��355
<br />� �aEEv oF T�u�T
<br />' Loan Na: '[���849'I 5 �Continued� Page 5
<br /> Camp�ian�e V�ith Laws, Trustar warrants that �he Property and Trustor's us� of �he Praperty complies with all
<br /> exis�ing applicable laws, ardinances, and regulations of��vernmental authorities.
<br /> 5urvival of Re�resentativns and Warranties. All representativns, warranties, and agreements made by Trus�or in
<br /> this �eed o�Trust shall sur�i�e the execution and deli�ery o�this aeed ❑�Trust, shall be can�inuing in na�ure, and
<br /> shaif remain �n full force and effect until such time as Trustor`s fndebtedness shall be paid in fuEl.
<br /> C4NDElIrINAT[�N. The following prvv€sions refating t❑ cvndemnation proceedings are a par�❑f th�s �eed af Trust:
<br /> Proceedings. lf any proceeding in candemnation is filed, Trustor sha[I prompt�y notify Lender in w�iting, and
<br /> Trustar shall prvmp�ly �ake such steps as may be necessary to de�end tne ac�i�n and obtain the award. Trustor .
<br /> � may be the nominal party in such proceeding, bu�t Lender sha1� be entitled ta par�icipate in�he proceeding and�o be
<br /> represented in the praceeding by caunsel ❑f its own chaice, and Trustor will deli�er or cause ta be deli�ered to
<br /> Lender su�h instruments and documenta�ion as may be requested by Lender from time to �ime tv permit such
<br /> participa�i�n.
<br /> Application vf Net Proceeds, 1f all ❑r any part❑�the Property fs condemned by eminent domain proceedings o� by
<br /> any pr�ceeding or purchase in lieu❑f cvndemna�ion, Lender may a�its slect�an require that all or any partion o��he
<br /> net prviceeds o� the award be applied to �h� Indeb�edness ❑r the repair ❑r restoration �� �he Property. The net
<br /> prviceeds of the award shall mean �he award after paymen� ❑f all reasonahle costs, expenses, and a�torneys' fees
<br /> in�urred by Trustee or Lender in cannectian wifih�he candemnation.
<br /> 1MP�S[Tl�N �F TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHDRIT�ES. The follvwing pro�isions re�ating
<br /> �o go�ernmental taxes, fees and charges are a part o�this Deed ❑f Trust;
<br /> Current Taxes. Fees and Charges. Upon request by Lender, Trustor shall execute such documents in addition �❑
<br /> this Deed ❑f Trust and take whatever o�her activn is requested by Lender to per�ect and cantinue Lender's �ien on
<br /> �he Real Property. Trus�ar shall reimburse Lender �or all taxes, as described belvw, fvgether with all expens�s
<br /> incurred in recording, perfecting or con�inuing this Deed af Trust, including without limitafion all taxes, fees,
<br />� documentary stamps, and other charges far recordin� vr registering.this Deed ❑fi Trus�.
<br />� Taxes. The fvllawing shall cans�i�ute �axes ta which this section applies: {�} a specifiic �ax upan �his type of
<br /> ❑eed of Trust or upvn af� ❑r any part of the fnde�tedness secured by this [�eed ofi Trus�, �2} a speci�fic tax on
<br /> Trus�or which Trus�or is autharized ar required �o deduct from paymen�s on the lndebtedness sscured by this type
<br /> o�Deed o#Trust; {37 a tax ❑n this �ype of Deed af Trust�hargeable against the Lender❑r the hoider❑�the Note;
<br /> an�l {4� a specific tax on alj vr any portifln ❑f the lndebtedn�ss ❑r ❑n payments o� principa( and in�erest made by
<br /> Trus�or.
<br /> Subsequent Taxes. l� any tax to which this section appf�es is enac�ed subsequent to the da�e af this Qeed of
<br /> Tr-ust, �his e�ent shall ha�e �he same effect as an Er�ent ❑f De�auit, and Lender may exercise any ❑r a�l ❑f its
<br /> a�a�lable remedies far an Event of Defiau[t as provided helvw unless Trustor either {1� pays �he �ax �efore it
<br /> becomes delinquent, ❑r {�} �ontests �he tax as pro�ided abo�e in the Taxes an�I Liens secti�n and depasits with
<br /> Lender cash or a suffiGient corpvrate sure�y bond vr other securi�y safiis�actvey to Lender.
<br /> 5ECl1RITY AGREEMENT; FINANCING ST►4TE11�[ENTS. The �v[lowing pra�isivns relating ta this Deed of Trust as a
<br /> security agreemen�are a part of this Deed af Trus�:
<br /> Securi�y Agreemen#. This �nstrument shal[ constitute a Security Agreement t❑ the ex�ent any of the Property
<br /> constitutes fixtures, and Lender shall ha�e a�4 of the rights of a secured party under the Unifarm Cvmmercial Code
<br /> as amended from t�me t❑time.
<br /> Security En�eres�. Upon request by Lender, Trustvr shall taks whate�er a��ivn is requested by Lender to perfect
<br /> and continue Lender's security interest in �he Rents and Personal Proper�y, In addi�ion t❑ recording fihis Deed of
<br /> Trust in the real proper�y records, Lender may, at any time and withou� fur�th�r authari�ativn frvm Trustor, file
<br /> executed cvunterpar�s, �opies ❑r reproductions ot this Deed af Trust as a financing s�a�ement. Trustor shall
<br /> reimburse Lende�-f�r all expenses incurred in per�ec�ing ❑r cant�nuing this securifiy in�erest. Upan de�aul�, Trustar
<br /> shall not remo�e, se�er or detach the Personal Prvper�y �rom the P�operty. Upon default� Trustor shall assem�le
<br /> any Persvna[ Proper�y not af�ixed t❑the Property in a manner and at a pjace reasonably can�enien�tv Trus�o�r and
<br /> Lender and make it a�aila�le to Lend�r within fihre� �3� days after receipt ❑f written demand fram Lender tv the
<br /> extent permi�ted by applicable law,
<br /> Address�s, The mailing addresses a� Trustor �debtor� and Lender �secured parfiy� fram which in�ormation
<br /> cancern�ng the security inferest granted by this Deed o�Trust may be vbtained �each as required by the Uni�orm
<br />, Cvmmercial Code� are as sta�ed on the first page af this ❑eed of Trust,
<br /> FURTHER ASSLJRAN�ES; ATT�RNEY-IN-FACT. The �oIl�wing pro�zs�vns relating �o further assurances and
<br /> attvrney-in-fact are a par�❑f this Deed ❑f Trust:
<br /> Further Assurances. At any time, and �rom time t❑ tirne, upon request ❑� Lender, Trustor will make, execute and
<br /> deli�er, or will cause to be made, executed or deli�ered, to L�nder❑r t❑ Lender's designee, and when requested by
<br /> Lender, cause to be filed, recordedr refiled� or rerecord�d, as �he case may be, at such times and in such ❑ffi�es
<br /> and pla�es as Lender may deem appropriatef any and afl such m�rtgages, deeds ❑�trus�, security deeds, security
<br /> ag�-eements, financing s�atements, con�inuation sfia�ements, instrumenfis o� further assurance, cert[ticates, and
<br /> ❑ther documents as may, in the svie ❑pinion o� Lender, be necessary ❑r desirable in order to effectuater camp�ete,
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