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Z�15��957
<br /> DEEL� �F TRUST
<br /> �Cor�tinue�� Page 4
<br /> Sur�ai►ral af Repres����ations and 1Narran�ies. AI� representat��ns, warrantiesr and agreements made by Trustor in
<br /> �his �eed fl�Trust shall survi�e the�xe�utivn and delivery of this D�ed �f Trust, shall be+�vntinuing in nature, and
<br /> sha��remain in full force and effect untii such time as 6or�ower's Indebtedness shall be pai��in fu�[.
<br /> ��NDENqNATI�N. The fvllvwing pro�isivns relating ta cvnderr-�nation proG�edings a�-e a par�o�this Deed �f Trust:
<br /> Prnceedings. !f any prace�ding in condemnatian is filed, Trustor �hall pramptly nv#i�y Lender in writing, a�d
<br /> Trustor sha�l promptly take such steps as may be necessary to de�end the action and c���tain �the awa�d. Trustvr
<br /> ma�be th�nomina� party in su�h proceeding, but Lender shaf I be enti�tled to participate in t:he prviceeding and to�e
<br /> represented �n the proGeeding by cvunsei v� �ts vwn choice, and Trus'tor �n►ill d�ii�er ❑r +�ause ta be deliv�r�d to
<br /> Lender su�h instruments and documentativn as may b� re�uested by Lender from time �o tirne to perrnit su�h
<br /> part�cipativn.
<br /> Application v�Ne�Proceeds. I�all or any part of the Property is con�emned by eminent���main praceed�ngs or by
<br /> any proceeding or purchase in lieu ofi�ond�mnatian, L�nder r�ay at its e[e�ti�n require tha1:all or any portivn o�the
<br /> ne� proc�ec�s ❑fi fihe award be applied to the Indebtedness �r the r�pair ❑r res�vration v•� the Pr�perty. The net
<br /> praceeds ofi the award shall mean the award after payment of a�� reasona�le costs, exp�r�ses, and attorneys' fee�
<br /> incurr�d by Trustee or Lende�in conne�tion with the �ondemnation.
<br /> IMPDS#T�C]N �F T�4XE5. FEES AN❑ CHARGES BY GDVERNMENTAL AUTH�RITIES. The fa[ft�wing p�v�isians relat�ng
<br /> �Q go�ernmenta�taxes,�ges and charges are a part of this Deed �f Trust:
<br /> �urs�ent Taxes, Fee� and Ch�rgss. �pon request by Lender, Trustor shal� �xecute such c�aGuments in addition ta
<br /> this Qeed o�Trust and take vuhate�er other activn is request�d by Lender to perfect and t.ontinue L�nder's lien�n
<br /> the Rea1 Property, Trustar shall reirnburse Lender for all �axes, as descrik�ed b�low, toc�ether with af( expenses
<br /> incurred in recording, perfe�ting or �ontinuing this Deed �f Trust, includang wi�hout limitation al� �B?C�Sr fees,
<br /> da�um�ntary stamps, and vther charges for recording or re�istering this Deed of Trust.
<br /> Taxms, The following shall �anstitute taxes ta which this �ectivn applies: �1} a specific tax upon this type af
<br /> D�ed ❑f Trust❑r u�on al� or any part of the Indeb�edness secured �y this De�d vf Trust; ��� a sp��i�ic tax on
<br /> Borravuer whi�h Barrawer is �uthari�ed or required tv dedu��'�ram payments an the indek�tedness secured by this
<br /> fiype�f Deed v�Trust; {3y a�ax an this�ype vf Deed af Trust�hargeable against�he L�nder or the hvlder of�he
<br /> N�te; and [4y a speci�ic tax on al! or any partion of the Indebtedness ar on payrnents �fi prinGipal and interes�
<br /> made by Barrawer.
<br /> �uhsequ�nt Taxes. If any tax to which this sectian applies is ena�ted s�bsequent t� t;he dat� o� this Deed of
<br /> Trust, this e�ent shall ha�e the same e��ec# as an E�ent ofi C]e�auft, and Lender may E�xer�ise any or all of its
<br /> a�aifable remedies �or an Euent of �efault as prv�ided bel�w unless Trustar either �1� pays the �ax hefore i�
<br /> be�ames del�nquen�, ❑r ��) contests the tax as pra�ided above in the Taxes and Liens se�t�vn and deposi�s wi�h
<br /> Lender cash or a s��fi�ient corparate s�rety bvnd ar o�her security sat�s�ac�ory�a Lender.
<br /> SECUR(TY AGREEMEIVT; FiNANGING STATEMENTS, The fa�loinring pro�is�ons relating to #his Deed flf Trust as a
<br /> securi�y agreemen�are a part of t��s Deed of Trust:
<br /> 5e�urity Agresment, This instrument shail cvnstitute a Secu�ity Agre�rnent to the extent any �� �he Property
<br /> canstitutes fixturas, and Len�er shall ha�e ali vf the rights of a secur�d par#y under the Unifiorm �arnmerGiai Cade
<br /> as amended fram time tv�ime.
<br /> 5ecurity Interest. Upon requ�st hy Lender, Trusfi�r shall ta�e whate�er act�an is requesl:ed by Lender�t� perfect
<br /> and continu� Lende�'s s��ur�ty int�rest in �he Rents and Personal Pr�perty. ln addition t❑ recording this Deed af
<br /> Trust in the ��al pr�perty records, Lend�r may, at any time and w��hout fur�her authari�ation from Trust�r, �ife
<br /> execu�ed coun�erparts, copies or repraduc�ions o� this Deed vf T�-€�st as a #inancing statement, Trus�or shail
<br /> �eimburse Lender far ail expenses incurred in perfecting �r cvntinu�n�this security interest. Upon default, Trus�or
<br /> shall not remv�e, se�sr�r detach the Personal Praperty �rorn the PrQperty. �pon de�a�l�t, Trus�ar shall assem�ie
<br /> any Personaf Praperty nat a�Ffixe�!t�the Property in a rnanner and a� a place rsasonably ��onvenien�to Trustor and
<br /> Lende� and �-nake it available t� Lender within thr�� �3y day� af�er r�c�ipt af ►n►ritten d�n�and from Lender tv the
<br /> ext�nt permitted by applicable law.
<br /> Addresses. The �ai[ir�g addresses of Trustvr �debtor� and Lender �secured party� �From which �nfiormatian
<br /> concerning the sec�rity in�terest granted by this ❑eed o�Trust may b� ob�ained teach as required by �he LJnifiarm
<br /> Cammer�ial Code� are as sta�ed on�he first page❑�this Deed of Trus�.
<br /> FURTHER ASSURANCE�; ATT�RNEY-IN�F�4CT. The '�allawi€�g pro�isions relating t� 1=urther assurances and
<br /> attvrney--in-fact are a part of�fihis De�d❑f Trust:
<br /> Further Assurances. At any time, an� from time ta time, upon request o�Lender, Trust�i�wilf make, execute and
<br /> deliUerr vr wil!cause ta be m�de,�xe�uted vr deli��r�d, to Lender or to Lender's designee, and when requested�y
<br /> ��nder� cause to he fiiled, �ec�rded, re�iled, or rere�orded, a� the case m�y be, at such times and in 5L1Ch ���i�ES
<br /> and places as Lerader may d�em appr�priate, any an� all such mortg�ges, d�eds of trust, security deeds, s�curity
<br /> agreements, �inancing statements, �an�inuativn sta�ementsF instruments o� further ass��rancs, ce�tificates, and
<br /> other documents as may, in the sole opinion of Lender, be necessary❑r desirable �n order�a��fectuate, cample�e,
<br /> perfect, can�inue, vr preserve {1} Barrvwer's and Trustor's abliga�ivns under the fVvte, this Deed vf Trust, and
<br /> the Rela�ed Docurn�nts, and ��} �h� fiens and security interes�s cr�a�ed �y this Deed ��Trust as first and pr�or
<br /> liens vn the Prvperty, whether now owr�ed or hereafter acq�ired by Trust��. Unless pr�h�bited by law or Lende�
<br /> agrees to�the contrary in wri�ing, Trustor shall reimburse Lender�or a11 costs and expens�:s incurred in conne�tian
<br /> with the ma�ters re�erred to in�hi� paragraph.
<br /> Att�rney�in-Fa�t. ��Trustor�ails�a dv any �f the th�ngs re'��fred ta in the preceding para��raph, Lender may da so
<br /> �or and in the narr�e af Trustor and at Trustvr's expense. For such purposes, Trustnr hereby irrevocahly appaints
<br /> Lender as Trustor's at�orney-in-fact�ar the purpvse af making,executing, deliveringr filin�, recvrding, and d�ing all
<br /> ather things as may be ne�essary or desirahle, in Lender's sole opiRivn, �a accomplish �l�e matters referred to in
<br /> the preceding parag�aph.
<br /> FULL RERFDRMANCEe If Barr�vver and Trustor pay afl th� lndebtedn�ss, including v�i�h�aut limi�a�i�n all future
<br /> ad�ances�when due,ar�d Trustor❑theruv�s�per��rms all�he ahlig�tians i�posed upon Trustor t�nder th�s ❑eed o�Trust.
<br /> Lend�r �haff execute ar�d deii��r to Truste� a request far full recan��yance and sha�l execu�te and deli►�er to Tru�tor
<br /> suitable statements af t�rminatian of any financing statement vn �ile e�id�nc�ng Lender's securiCy �nteres� in th� Rents
<br /> an� the Persanal Praperty. ►4ny re�on�eyanc� fee require� hy f�w shal� be p�id by Trustor, if permitted by applicable
<br /> iaw.
<br /> EVENTS flF DEFAULT. Each a�the fo��owing, at Lender's o�tion, shal! constitute an E�ent af Defauit under this Deed
<br /> o�Trust:
<br /> Payment D�faul#. Borrawer fails ta make any payment wh�n due under the Indebtedn�ss,
<br /> Qther Defaults, Borrower vr Trustor �Fai�s ta cvmply with �r ta perform any vther term, ❑bligat�vn, cv�enant vr
<br /> cand'rtion cantained in this Deed af Trust vr in any of the Related Documen�s vr#v camply w�th ar�a per�orm any
<br /> term,obligation, cvu�nant vr cvndition�on�ained in any vth�r agreern�n�t between Lender��nd Bvrrower vr Trustar,
<br /> C�r�plianGe Dg#aulfin Fai[ure �o comp�y with any vther t�rm, obfigat�on, covenant ar �ondi�ian cantained in th�s
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