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<br /> [�EED �F TRUST
<br /> Loan Na: 'i 1'I'I?'453 ��Dntlnu�d� Page 3
<br /> the Property sha[I be used first to pay any amount aw�ng to Lender under fihis De�d a�Trust,�hen�o pay a�crued
<br /> interes#, and �he rema�nder, i�r any, shall be appfied to �he prsncipa� balance of fhe Inde�tedness. [f Lender halds
<br /> any proceeds a�ter paymen� in �u[[ of the lndeb�edness, such pr�ceeds sha�i be paid �o Trustor as Trustor's
<br /> interests may appea�.
<br /> Trusfvr's Repvrt nn Insura�►ce. Upon reques�of Lender, howe�er not mare than once a y�ar, Trusto�shall furnish
<br /> ta Lender a repor� vn each existing pnficy of insurance showing: �'1� fhe name �fr�h� insurer; �2} the risks
<br /> insure�; €3} the amvunt of the po��cy; t4} the prvper�y insur�d, fhe then curren� rep[acemen# �alu� of such
<br /> prvper�y, and�he manner vf determining�ha��a�ue; and �5} the expiration da#e vf the palicy. Trus�or shal[, upon
<br /> request o�Lender, ha�e an ind�penden�appraiser sa�isfa�tory to Lender determzne the cash�alue rep[a�emen�cvst
<br /> of�he Property.
<br /> LENDER'S EXPENDITURES. �f any action ar proceeding is commenced that woufd ma�erial�y af�ect Lender's in�erest in
<br /> �he Proper�y o�i�r Trus�nr�a�ls�o Gomply wi�h any pro�ision of this Deed of Trus�or any Re�ated ❑qcumen�s, including
<br /> but not limited ta T�us�vr's faiiure�o discharge ar pay tirvhen due any amounts Trus�ar is requir�d �o discharge or pay
<br /> under�his Deed�f Trus�o�any Related Documents, Lender on T�us�or's behalf may�bu�shaf[ not be obligated to}�ake
<br /> any ac�ian that Lend�r deems appropria�e, including but no� limfted to discharging or paying a!f �axes, liens, se�urity
<br /> in�eres�s, encumbrances and ather c�aims,a�any t�me levie�or placed on the Property and paying a�l cos�s for insuring,
<br /> maintaining and pr�se►ving the Prope�ty. All suGh expenditures incurred vr paid by Lender�o�-such purpases wEf 1 then
<br /> bear in�erest at fhe rate charged under�he Note fr�m�he da�e incurred or paid by Lender fia�he�a�e af repayment by
<br /> Trus�or. Al� such expenses �rvi(I became a par�of�he fndebtedness and, a� Lender's ❑pfion, wil� {A} be payable on
<br /> demand; �B} be added �a the balance a�the No�e and be appor#ianed among and be payab[� with any ins�allmen�
<br /> payments�o �ecame due during either �1} �he term vf any applicable insurance poli�y; ar ��} the remain�ng�erm of
<br /> the No�e; or (C} be fireated as a ba[loon paymenf�rvhi�h wi�l be due and payab�e a�fhe hivte's maturity. The De�d of
<br /> Trust also will secure payment o�these amount�. Such right shall be in additivn to afl ��her rights and remedi�s tv
<br /> rrvhich Lender may be en�i�led upon Defaul�.
<br /> IrIIARRANTY;DEFENSE DF T[TLE. The follavwing provis�ons relating�o ownership of the Property are a part�f this Deed
<br /> af T�-ust:
<br /> Ti�le. Trus#ar warran�s�hat: �a} Trusfior h�lds good and marketable tit[� vf rec�rd ta �he F'roper�y in fee simple,
<br /> -�ree and clear of al� liens and encumbrances o�her than thase set forfh in the Real Property des�ripfiic�n o�-in any
<br /> �itle insurance palicy, tit[e repo�t, or fina! �itle vpinivn issued in -�a�o� �f, and accep�ed by, Lender in connec'�ivn
<br /> with this Deed af Trus�,and �b}Trusf�r has�he full righfi, power, and autharity tv execute and d�liver this De�d Qf
<br /> Trus��o Lender.
<br /> Defense v�'T�#le. Subject�o the exGepfiion in �he paragraph abo�re, Trust�r warrants and vtiril[ forever defend the
<br /> tit[e ta the Proper�y agains�th� lawfu[ c[aims of all persons. In �he eWen�any action ar proceeding is commen��d
<br /> tha�ques�ions Trustvr's fiitl�or fihe in�erest o�Trustee❑r Lender under�this Deed a�Trust,Trus�or shafl defend the
<br /> actian a�Trus�or's expense. Trus�or may be the nomina[ party in su�h proceeding, bu�Lender sha�� be entifled�o
<br /> par�icipa�e in �he proceed�ng and �a be represented in fhe praceeding by cvuns�l �� Lender`s v�nrn cha€ce, and
<br /> Trus�or will de[iver, a�-cause�a be deli�ered,to Lend�r such instruments as Lender may reques�fram time�o time
<br /> '�a perm��such participa�ivn.
<br /> Compliance ON�th L�ws. Trus�or warran�s �ha�fihe Property and Trustor's use vf fihe I'rvperty comp�ies wifh af�
<br /> existing applicab[e laws, ordinances,and regu�at�vns v�governmental authorities.
<br /> Surviva[ of R�presenta�i�ns and �Jarranties. 0�11 representations, �arranties, and agreements made by Trustor in
<br /> �his �eed o�Trust sha[[survi�e the execu�ion and deli�ery of'�his Deed o�Trust, shall be cor�tinuin� it� nature, and
<br /> sha��remain�n full farce and effect un���such time as Trustar's Indebtedness sha[l be paid�n fu��.
<br /> �QNaEiI�[NAT14N. The fallow�ng pro�isions relatin��o con�emna�ian proceedings are a part af�his Deed af Trus�:
<br /> Proceedings. If any proceeding in condemna�ion is filed, Trus�or sha[[ promp��y notify Lender �n writing, and
<br /> Trustar shall promptly take such steps as may be necessary�❑defend �he aGt�on and ob#ain the award. Trustor
<br /> may be�he nam�na�party in such praceeding, bu�Lend�r sha[[be en�i�led to participate�n the proceeding and��be
<br /> rep�esented in -�he proceeding by caunsel o��fis �wn choice, and Trustor wil[ deli�er or cause to be de�i�ered to
<br /> Lender su�h instrumenfs and do�umen�a��on as may be requested by Lender fram �ime to #irne to �ermi� �uch
<br /> participatian.
<br /> Appl��a�E�vn nf Net Prac�eds. lf all Qr any par�of�he Property is condemned by eminen�domain praceedings ar by
<br /> any praceeding or purchase in lieu of candemna�ian, Lender may at i�s elecfian require tha�a11 or any por�ion af�he
<br /> net proceeds o��he award be applied to the Indeh��dness or the repair or res�ara�ion o�F�he ProperEy. The r�e�
<br /> proceeds�f�he award sha�! mean�he award after paymen�of ail reasonab[e cflsts, expenses, and a�tarn�ys"fees
<br /> incurred by Trustee or Lender in�onnec��on with�he condemna�ion.
<br /> 1MPaSIT1�N �F TAXES, FEES AND CHARCES Bl�GOVERNMENTAL AIJTHORIT�ES. The�ollowing pra�isions refa�ing
<br /> �a governmental taxes,fees and charges ar�a par�v��his Deed af Trust:
<br /> Current Tax�s, Fe�s and �harges, Upon request by Lender, Trustor shall execute su�h dacumen�s in addit�on ta
<br /> fihis ❑eed of Trust and take whate�er other action is reques�ed by Lende�ta perfect and con�inu�Lender's �ien on
<br /> �he Real Property. Trustvr shall reimburse Lender�or al[ �axes, as described belvw, �vge�her with al[ expenses
<br /> inGurred in re�ording, perfecting vr cantinuing this Deed of Trust, incf uding w�fihau� Iimi�a�ivn all taxes, fees,
<br /> documentary s�amps,and other cha�ges for recarding or registering this De�d of Trust.
<br /> Taxes. The follav►�ing shall cons�itute taxes to which this secfivn applies: �'!} a specific tax upon this �ype o�
<br /> Deed of�rust or upvn a�l ❑r any par�of�he Indebtedness secured by�his Deed of Trus�; �2} a specif�c ta�c❑n
<br /> Trustar which Trustor is autharized or required�f�d�duct fr�r-r-�paymen�s on�he �ndeb�edness secured hy fhis�ype
<br /> of Deed of Trust; �3} a tax an this�ype of Deed of Trus�chargeable agains�the Lend�r ar�he holder of�he iVvte;
<br /> and �4} a sp�cific tax on afl vr any po�tian af�he Indebtedness or on payments of principal and infierest made by
<br /> Trus�tar.
<br /> Suhsequ�nt Taxes. If any tax to which this sect�on app[ies is enacted subsequent �a the date o��his Deed of
<br /> T�us�, �his e�ent shall ha�e �he same effeGt as an Even� af aefault, and Lender may exercise any vr alf of i�s
<br /> aWailable remedies far an E�ent o� ❑efauit as pro�ided below unless Trustor ei�her €'�} pays the tax before if
<br /> becomes de�inquenfi, or ��} con�ests the tax as prv�ided abQ�� in�he Taxes and Liens secti�n and d�posits w��h
<br /> Lender cash�r a suffcient carporate surety hvnd or oth�r se�uriiy satis�actory tn Lender.
<br /> SECURITY AGREEMENT; FlNANCIhlG STATEMEN�S. The fv�lawing pravisions relating �� fihis Deed af Trust as a
<br /> security agreement a�-e a part�f fhis❑eed a�Trus�:
<br /> 5e�uri�y Agreemen#. �fhis ins�rumen� sha�1 constitu�e a Security Agreemen� to �h� ex�ent any vf the Proper�y
<br /> �ons�i�utes fxtures, and Lender sha�� ha�e a�l o��he righ�s o�a secured par�y under�he Llni�arm Gammercial Code
<br /> as amended fr�m�ime f��imea
<br /> Securi�y lnte�est. LJpor� request by Lend�r, Trus�or shall #ake�vhatever action �s reques�ed by Lender to pe�Fec�
<br /> and continue L�nder's se�urity interes� in the Rents and Personal Property. �n additinn ta recording th[s C]eed of
<br /> Trus� in �he real property records, Lender may, at any time and wi�haut �urther authorization from Trust�r, file
<br /> executed counterpar�s, cflpies vr �-epraduc�ions o� this ❑eed of T�us� as a financing s�atemen#. Trustar shall
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