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Z�15�5��5
<br /> �EED �F TRUST
<br /> t�ontinued} Page�
<br /> Lender s�ch ins#ruments and do�umen�ation as m�y be requested by Lender from time to time to permit such
<br /> perticipation.
<br /> Applica#itin+af Net Pro�eeds. If all or any part af the Property is cvndemned hy eminent damain pro�eedings or by
<br /> any praceed'+ng or purchase in lieu af condernnation, Lender rnay at i#s elec#ion require that a!I or any portian af the
<br /> � net proc�eds of the award be app#ied to the Indebtedr.iess or the repair ❑r rest�ration of the Property. The net
<br /> � praceeds of the award sha�! mean th� award a�ter payrnent a#all reasonab�e casts, expenses. and att�rne�s' fees
<br /> incurred by Trustee or Lender�n connection with the candemnation.
<br /> �MP�S�TI�N �F tA�ES, FEES AN� CHARGES BY GnVERNMENTAL AUTH�RiT�ES. The following pro�isions relating
<br /> #o go�ernmental taxes,fees and charges are a part af this Deed of Trust:
<br /> Current Tnxes, Fees and Cherges. Upon requ�st hy Lender. Trustor shalt execute such documents in addition to
<br /> this Deed of Trust�nd take whate�er ather action is requested by L�nder t�perfect and continue Lender's lien on
<br /> the Rea1 Proper#y. Trustor sha�� reimburse Lsnder for all taxes, as desccibed below. tagether with all expenses
<br /> incu�red in rec�rd�ng, perfecting or continu�ng this Deed o� Trust, including without limitation all taxes, fiees,
<br /> documer�tary starnps,and othe�r charges for�ecording or registering�his❑eed af Trust.
<br /> Taxes. rhe faffawing shall canstitu�e tax�s ta whiGh this sectivn applies: �1 y a specific tax up�n this type ❑f
<br /> Deed af T'ru�t or upvn all ar any part of the Indebtedness secured by this Deed �f Trust; ��7 a specific tax on
<br /> Trustor whi�h Trustvr is authorized ar required to deduct frvm payrnents on#he lndebtedness secured by this type
<br /> af Deed a#T�Wst; �3y a tax an this type af Dsed vf Trust chargeabfe against the Lender vr the halder of the Note;
<br /> and 44� a specific tax�n all or any portion o#the lndebtedness ar on payments af principai and interest made by
<br /> Trustor.
<br /> Subsequent Texes. �f any tax ta which this section applies is enacted subsequent to th� date of this Deed vf
<br /> Trus#. this e�ent shall ha�� the sarne effect as an E�en� vf Default. and Lender may exercise any nr all af its
<br /> a�ailable remedies fvr an E�en# vf Defaul# as pro�ided belaw uniess Trustor either t1 y pays the tax before it
<br /> bec�mes delinquent, o� ��f cvntests#he tax as p�o�ided above in the Taxes and Liens section and depvsits with
<br /> Len�er�ash vr a sufficient corparate surety bond vr other security sa#isfacta�y to Lender.
<br /> SECURITY AGREEMENT; FINANCING ST►4TEMEIVTS. The foltowing pro�isions relating tv this �eed of Trust as a
<br /> security�gr�ement are a part af this Deed of Trust:
<br /> Security Agreemant. This instrument shall constitute a 5ecurity Agreement to the extent any ❑f the Prap�rty
<br /> � constitutes fixture9, and Lender shall ha�e all�f th�rEghts❑f a secured party under tha Uniforrn Commercial Code
<br /> as amended from time tv t�me.
<br /> Security Interbst. Upan reques# by Lender� Trustar shal� take whate�er a�tion is r�quested by Lender to perfect
<br /> and cantinue Lender's security inte�es� in the Rents and Personal Praperty. In additfon to re�ording this Deed af
<br /> Trust in the re�� property records, Lender may, at any time and withaut further authar�zation #rvm Trusto�, fiie
<br /> � executed counterparts, cap�es or reprvducti�ns af this D��d of Trust as a finencing statement. Trustor sha�t
<br /> � reimhurs� Lender for all expenses incurred �n perfecting❑r continuing this securi#y interest. Upon defau�t, Trustvr
<br /> shall n�t remuve, se�er or detach the Psrsonal Prvperty from the Prvperty. llpan default, Trustvr sha�! assemble
<br /> any Persvnal Property nat affixed ta the Pr�perty in a manner and at a place reasonably cvnWen+ent to Trustor and
<br /> Lender and make �t a�ailable ta Lender within th�ee �3y days after receipt vf written dernand from Lender tv the
<br /> extent perrnttted by applicable law.
<br /> Addresses. The mailing addresses of Trustar �de�tarj and Lender tsecured partyf from ►►vhich inf�rmation
<br /> conc�rning the security interest grantgd by this Deed vf Trust rnay be ohtained �each as required by the �niform
<br /> Camm�rcial Cad�f sre as stated�n the f'rrst pags�f this Deed of Trust.
<br /> FURTHER ASSURANCES: ATTaRNEY-�IV-FACT. The f�llvwing pra�isians relating tv fu�ther assurances and
<br /> attarney-in-fact are�part of this Deed of Trus#: .
<br /> Further Assurences. At any time, and frnm tims to time� upon request of Lender,Trustor wi11 make, execute and
<br /> del��er,or will cause to#�e rr►ade, executed or deli�ered,t❑ Lender or ta Lender's designee, and when requested by
<br /> � Lender, cause ta be filed, re�orded, refiled, or rerecarded, as the case may be, at such times and �n such o#fices ,
<br /> �nd places as Lender may deem appropri�te, any and all such mortg�ges, deeds o#irust, security deeds, security
<br /> agreements, financing statements, cantinuation staternents, ins�ruments af further assuran�e, certi#�cates, and
<br /> ather d4cuments as may, in the sole op+nFon o� Lender, be ne�essary or desirab�e in order t❑effectuate, comp�ete,
<br /> per�ect, cvntinue, or preserve �1� Trustor's ob�igations under #he Nate� this D�e� of Trust� and the Related
<br /> Do�uments, and t2} the liens and security interests �reated by this Dsed of Trust as#�rst and prior liens on the
<br /> Property, whether now owned ❑r hereafter acquired by Trustar, Unless prohi�aited by law or Lender agrees to the
<br /> contrary in writing, Trus�or shall reimburs� Lender �or all costs and expenses incurred �n cannectian with the
<br /> matt�rs�eferred ta in this paragraph.
<br /> Attorney=in-Fact. !f Trusto�fat�s to do any of th�things referred to in the preceding paragraph, Lender rnay do sv
<br /> far and in#he name of Trustor and at Trustor's expense. Far such purpases, Trus#ar hereby irre�ocably appoints
<br /> Lender as Trustvr's attorney-in-tact far the purpvse af making,executing,deli�ering,filing, recording, and dving a�i
<br /> other#hings as may be necessary or desirable, in Lender's sole opinion, to a�camplish the matters referred t❑ in
<br /> #he pre�eding paragraph.
<br /> FULL PERF�RMANCE. If Trustor pays afl the Indebtednessr including without limitation all future ad�ances, when due,
<br /> and otherwise per#orms aEi the obligations imp4sed upon Trustar und�r this De�d of Trust, Lender shafE execute and
<br /> � deliver ta Trustee � request for �uE� rgcon��yence and shall execute and deli�er to Trustor su�table statements ❑f
<br /> termin�tian of any► financing stetement an f��e e�idenc�ng Lende�'s seGurity interest in the Rents and the Persona!
<br /> � Praperty. Any recnn�eyanc�fee�equired by law shall be paid by Trustor,if permitted by applicaf�le law.
<br /> EVENTS aF DEFAULT. Ea�h of the foll�wing, at Lender's opti�n. shall cnnstitute an E�ent of❑efault unde,r th�s Deed
<br /> of Trust:
<br /> Payment De�ae7rr�t. Trustor#at�s to make any payment when due under#he Indebtedness.
<br /> �the� De�aults. Trustor fails to comply with or to aerfa�m any other term, obf�gatian, co�enant or canditian
<br /> contained in ihis Deed af Trust ❑r in any o'f the Related Documents vr to �amply with ar to perfvrm any term,
<br /> abligation,c�venant❑r condition con�ained in�ny vther agreement between Lender and Trustor.
<br /> � CompfEance Defeult. Failure to cornpfy wi�h any other term, obligation. covenant or candition cvntained in this
<br /> Deed of Trust,the Note or in any of the Related Documents.
<br /> Dafau�t on�ther Payments. Faifure o�Trustor wi#hin the time required by this❑eed of Trust tv make any payment
<br /> #vr taxes vr insurance,or any vther payment necessary to pre�ent filing of or t�e�fect dischacge of any Eien.
<br /> Defauft in Favar of Third Parties. Should G�antvr defau�t under any Ivan, extension ❑f credit, security agreement,
<br /> purchase ar saies agreement, ar any ather agreement, in fa�vr of any❑ther creditvr o�persvn that may materiaily
<br /> affect any vf G�antar's prvperty or Grantar's ability to repay the Indebtedness flr Gr�ntar's ability tQ pe�fvrm
<br /> Grantor's abligatians undsr this Deed��Trust or any of the Related Documents.
<br /> � Fa�se Statem�nts. Any warranty, representativn or statement made or #urnished tv Lender hy Trus't�r or ❑n
<br /> Trustor's behalf under this ❑eed of Trust or the Reiated D�cum�nts is false or rnisl�ading in any material respect,
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