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��15�41�5
<br /> DEED �F TRUST
<br /> ��ontinu�d� Page 4
<br /> participa�i�n.
<br /> Application o�F Net P:�oceeds. f�all or any par�of the P�vperty is cand�mned b� eminen�,damain proceedings or by
<br /> any proceeding�r purchase in lieu of�andemna��on, Lende�may at its�iection require t��at a[�or any portian of the
<br /> net prviceeds of the award be applied tv the �nde�tedness or the repair or r�st�ration o� the Prvperty. The net
<br /> proceeds �f the aw�rd shai� mean�h� award af�er payment of all reasana�le Gasts, exp�ens�s, and attorneys' �ees
<br /> incurr�d �y Tru�tee or Lender in connectian with th�condemnatian.
<br /> INiP�SITI�N �F T'A�ES, FEES AND CHARGES BY G�VERNMENTAL AUTH�RITIE�. Th� f��llow�ng pro�isions relating
<br /> to g��ernment�!��x�s, f�es and charges a�e a part v�this Deed o�Trust.
<br /> Curr�nt T'�xes. �e�s and Gharges. Upvn requ�st by Lender, Trus�or shall sx�:cu�e su�h dacuments in addi�ian �o
<br /> this []eed o�Trust ar�d �ake wha�e�e�-o�h�r action is requ�sted by Lender tv perfect an�� cantinue Lender's [ien on
<br /> the Real Proper�y. Trustor shall reimburse Lender �or all taxes, as describe� below, �:agether ►rvith all expenses
<br /> incurred in r��vrd�n�, p�r�ecting or �ontinuing th�s Deed af Trust, includinc� verithout limi�at'ron a�l taxes, fees,
<br /> dvcum�n�ary s�amp�, and oth��charges far re�ording or registe�ring this Deed�f Trust.
<br /> Taxes. The folfowing shali constitu�e taxss ta which this sectian appli�s: 4'i� a spe�cific tax upan this type o�
<br /> Deed o�Trus� or upan all vr any part af the indebtedness se�ured by this D��ed af T�+.�st; t�� a specific tax an
<br /> Trust�r which Trustor is authorized or required ta deduct#rom payments on th� lndebte+�ness se�ured by this type
<br /> v'F Deed��Trus�, �3� a tax vn this type o�Deed of Trust charg�ab�e agains�the Lende��ar the holder a�F�he Note;
<br /> and �4� a specifi� tax vn ali or any pvrtion vf th� inc�e�tedness v�on payments �� pri�r�cipal and inter�st made by
<br /> Trustar.
<br /> 5ubsequent �'axes. If any tax ta which this s�ctivn applies is �nacted sub�equen'� t�� the date vf this Deed of
<br /> Trust. this e��er�t sha[f ha�e the same �ffect as an E��nt of De#aul�, and Lend�r ma�r exercise any or a!I v� its
<br /> a�ailable rsmed�es ��r an E��n� of Defau�t as prv�ided �elaw unle�s Trust�r either �1� pays the t�x befare i�
<br /> becomes delinquent, ar ��y con'tests the�ax as pra�ided abo�e in#he Taxes and Lien�� sectian and deposi�s with
<br /> Lender�ash t�r a suff�cien�carporate surety�ond or vther security satis�ac�ary�v Lende��.
<br /> SECURtTY ►4GRE�M�NTa FINANCING ST�TEMENTS. The following pr��isions rela�ing tt:� �his Deed of T�us� as a
<br /> securi�Cy agreement are a part o#this Dee� of Trust:
<br /> Security Agr�er�ento Th�s instrument sha�i constitute a Security �gre�ment ta the �:xten� any ❑f the Property
<br /> constitutes �ix��res, and Lender shall ha�� a11 ��the righ�s of a se�ured party �.rnder the Uniform Commercial Cade
<br /> as amended fram time t❑time.
<br /> Se�urity Inter�s�. �J pon request by Lender, Trust�r shali take whate�er activn is requ��st�d by Lend�r �o per�ect
<br /> and continue Lender's security interes� in the Rents and Personal Praperty. I� additiar� to recording this Deed o�
<br /> Trus� in the real pr�pe�ty re�ords. Lender may, at any time and without further autl��orizatifln �rom `�rustvr, �ile
<br /> executed coEanterparts, copies �r reprvductivns a# this Deed o� Trust as a financing sta��ment, Trustar sha�I
<br /> re'rmburss Lend�r fa�•ali expenses incur�ed in per#ec�ing or con�inuing this sec�rit� interest. Upon d�fauft, T�ustar
<br /> shall not rema�e, se�er or de�ach th� Personal Prop�rty from th� Property. �Jpvn de�ault, Trus�or sha[( ass�mhle
<br /> any Pers�na[ Property not af#ixed to the Prvperty �n a manner and a� a place rE;as�nabl� cvnvenient to Trus�ar and
<br /> Lender and make it aWailabfe to Lend�r r►v'rthin �hree �3f days after receipt o� wr€tten dem�nd from Lender to 'the
<br /> extent permi�tt�d hy�pplicabfe law. �
<br /> Addresses. TE�e mailing addresses of Trus�or �deb�or� and Lender �secured par�y�� �rom which �nforma�ivn
<br /> c�ncerning the �ecuri�y interest granted by �h�s ❑eed of Trust may be obtainQd �each ��s requir�d by �he Uniform
<br /> Commerciai Go�ej ars as s#a'ted on th�fir�t page of this ❑eed o�Tru�t.
<br /> FURTHER ►45�URANCEa; ATT�RNEI�-IN-FACT. The fo�lowing pr��isi�ns re(ating ��a �urther assurances and
<br /> attvrney-�n-fact are a par�:of this Deed o�Trust:
<br /> Further Assu��n�es. At any time, �n� fr�m time to time, upon requ�st of Lender, Tru�tor will make, ex�cute and
<br /> d�li�er, ar will�ause�o�e made, executed vr deli�ered, tv Lender or ta Lende�'s design�ee, and when requested by
<br /> Lender, caus� t� he �iled, recorded, r��iled, or rerecorded, as �he case may bE., at such� �irn�s and in such a��ices
<br /> and pfa�es a� L�nder may deem appr�priate, any and all such mortgag�s. deeds o�truwit, security d�eds. security
<br /> agreemen�s, financing statements, c�ntinuatian statements, ins�rurn�n�s of ��ur�her an�surance, �ert�ficates, and
<br /> other documents as may, in the so�e Apinion of Lend�r, be ne��ssary or desirabCe in ar�er to ef�ectua�e, cvmple�e,
<br /> perfect, continu�, ar preser�e ��} Trustor's abligations under 'the Nate. this ❑eed o� Trus�, and the Rela�ed
<br /> ❑�cum�nts, and 4�� �h� li�ns and securi�y interests created by this [Jeed v�Tr�st as fir�t and priar liens on �he
<br /> Proper#y, wh��her n�w awned or herea��er acquired by Trustvr. �nless prahibited �y f��w or Lender agrees �o fihe
<br /> cvnt�ary in vvriting, Trustor shafl reimburse Lender �ar all casts and expenses incurr�ed in Gonnection wi�h �he
<br /> ma�ters ref�r��ed t� in this paragraph.
<br /> Attvrney-in-F�ct, I�Trustor fiails to d� any of the things ref�rred to in�he pre�eding p�ragraph, Lende�- may d� so
<br /> �or and in the n�me afi Trust�r and at Trustor's expense. For su�h purposes, Trustor h�ereby irrevocably appoints
<br /> Lsnder as Tr«s�vr's attorney-in-fac't#ar the purpose of mak'rng, executing, deli�+eri�g, �i[ing, r�cording, and doing a�l
<br /> ather things as may be necessary vr de��rabie, in Lender`s safe opinion, �a a�.camplisk� th� matters referred �o in
<br /> the pre�edin�paragraph.
<br /> FU�L PERF�RN4AA�V��. I�F Trustor pays all the fndebtedness, including wi�hout limit�tion a([ f�ature ad�an�es, wh�n due,
<br /> and otherwis� perfarms all �he o�ligation� impased up�n Trustor under �his Deed ❑� Trust, Lender sha(I execute and
<br /> del��er tv T�us�e�� a req�ues't fo� full rec�n�eyan�e and shall execute and deli�e� t� Tru�tor suitahi� s�atements o�
<br /> t�rminat�vn v�F any �inancing statement vn fi[e eWidencing Lend�r's se�ur�ty inte�•est in t�e Rents and the Persona!
<br /> Property, Any r��an�ey�nce�ee required by law shall be paid �y Trustor, i�permi���d by ap�licable law.
<br /> EV�NTS QF DEFA�ULT. La�h vf xhe fvllowing, at Lender's optivn, shail cons�i�ute an E�ent o� �J�fau1� under th�s Deed
<br /> o�Trus�:
<br /> Payment❑ef�ut�. Trust�r fai[s t�mak� any paym�nt►rvhen due under the ]ndek�tedness.
<br /> �th�r De�aults. Trus�or fai[s to cvr�nply with vr to pe�form any other term, �bligation. �o�enant Qr condition
<br /> canta"rned in th�s D�ed af Trust vr in any of the F�elat�d Dacuments or �v �c�mply wi1:h o� to per�flrm any term,
<br /> obligatian, �o���ant or cond��ian�vnt�ined in any�rher ag�eement between Lend��and Trus�or.
<br /> C�mpiiance C3e�au[�. Failure to cvmpiy with any o�her term, obiigatiian, cv��nant o� ��ondition contained in this
<br /> Deed of Trus�,the Nflte�r in any of the Related ❑vCumen�s.
<br /> De�ault vn��her Paj�ments. Failure v�Trustor vuithin�he time required by this Deed o�'rrust tv make any payment
<br /> for taxes��i��tsuranGe, ar any vther payment necessary to pre�ent�i�ing a��r t�e�fect dis�h�rge af any 1ien.
<br /> Defiautt in Favar o#l�hird Parties. �hould Grantvr defau[t under any l�an� extension af ��redit, se�urity agr�ement,
<br /> purchas� ar sales ac�reement. �r any ��her agreement. in �a�or�f any oth�r creditar ar persan that may ma�erially
<br /> affect any o�f Grantor's property or �rantor's ability 'Co repay �he fndebtedr�ess or �irantvr's abil�ty to perfvrm
<br /> G�rantor's obl�gati�ns under�his Deed��Trust or any�f the Related �acumen�s.
<br /> False 5ta�em�en�s. Any ►nrarranty, representa�ion or s�ta'tement mad� or �urnis�ed ta� Le�der by Trustor or on
<br /> Trustor's �eF�al� under this Deed vf Trust ar�he Related DoGuments is false or misleading in any material respect,
<br /> either naw o�a��he�ime made vr furnished or becames false ar misleading a��ny time th��eafit�r.
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