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Z�15�531�
<br /> . DEED �F TRUST
<br /> ��ont�nued� Page�+
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<br /> i Lender such instrumen#s and docum�ntativn as may he reques#ed by Lender from time #o time to permi# such
<br /> parti�ipatian.
<br /> ; Application�f Net Proceeds. If all or any part of the Property is condemned b�eminent domain prac�edings or by
<br /> �ny proceeding or purchase in lieu of cvndemnation, Lender may at its e�ectivn requsre that all or any portion o�the
<br /> net proc�eds af the award be applied to the Indebtedness or the repa�r or restvration of th� Pr�perty. The net
<br /> proceeds o�#he award shall rnean the aw�rd after payment of all reasvnable costs, expenses, and att�rneys' fees
<br /> incurred hy Truste�ar Lender in connectian'with the condemnation.
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<br /> [MP�51T[�N �F TAXES, FEES AND CHARGES BY��VERNMENTAL AUTH�RITIES. Ths following pro�isions relating
<br /> to go�ernmenta!taxes,fegs and char�ss are�part vf this Deed v�Trust:
<br /> Current Taxes, Fees end Charges. Upon request hy Lender. Trustor sha�l execute such da�uments in addition �a
<br /> this aeed of Trust and take whate�er athgr acti�n is�equested by Lender to pe�#ect and continue Lender's�ien vn
<br /> the Real Praperty. Trustor sha�E reimburse Lender far aff t�xes. as described belvw. �ogether with all expenses
<br /> incurred in recording, per#ecting ❑r �antinuing this Deed vf Trust, including without lirn�tatian all taxes, fe�s,
<br /> � d�cumentary stamps�and oth�r charges for;rec�rding ar registering this i�eed v�Trust.
<br /> Taxes. The #allowing shafl constitute taxes tv which this sec#ion applies: �1 y a sp�cific tax upon this type of
<br /> Deed af Trust ar upon alf or any part vf the lndebtadness secured by th�9 De�d of Trust; �2� � specific tax on
<br /> Trustor which Trustor is authorized or required to deduct#rom payments on the Indebtedness secured by this type
<br /> �f Deed ot Trust; �3� a tax on this type of Deed of Trust chargeable against the Lender or�he hoider of the N�te;
<br /> end �4y a specific tax❑n all or any partion❑f the Indebtedness❑r on payments af principal and interest made by
<br /> Trustor.
<br /> Subsequent Taxea. !f any tax to which ihis section app�ies is enacted subsequent tv the date ❑f xh�s Deed ❑f
<br /> Trust, this e�ent shal! ha�e the same effe�t as an Event of ❑efault, �nd Lender may exercise any or all a� its
<br /> a�ailable remedies �or an E�ent of �efau�t as pro�ided below unless Trustor either �1} pays the tax befa�� it
<br /> becomes delinquen#, ar ��� �vn#ests ths tax as pro�ided aba�e in the Taxes and Liens se�ti�n and deposits with
<br /> Lender cash ar a sufficient cvrporate surety bond�r other se�urity satisfactory to Lender.
<br /> SECURITY AGREEMENT: FINANCING STATEIVIENTS. The following pr�visi�ns relating to this Deed of Trust as a
<br /> security agreement are a part❑f this Deed af Trust:
<br /> Se�urity Asreement. This instrurnent shall canstitu#e a Security Agreement ta the extent any of the Property
<br /> consti#utes fixtures, and Lender shall ha�e all of the rights of a secured party under the lJnifflrm�ommercial Code
<br /> as amended fr�m time to#ime.
<br /> Security Interest. Upon request by Lender, Trustor sha�� take whate�er action is requested by Lender t❑ perfe�t
<br /> and cont�nue L�nder's security interest in the Rents and Persanal Property. In addi�ion to recording this ❑eed of
<br /> Trust in the rea� praperty records, Lender may, at any t�me and without further authorization frorn�Trustor, file
<br /> executed caunterparts, copies or reprvdu�t�vns af this �eed of Trust as a financing staternent. Trustor shall
<br /> reimburse Lender far ail expenses incurred in per�ecting ❑r continuing this security interest. Upan default, Trustvr
<br /> shal! no# remove, se�er ar detach the Personai Prvperty from the Property. Upon defau�t, Trustvr shall assemb�e
<br /> any Persanal Property nat affixed to the Property in a rnanner and at a place reasvnat��y Cvn�enient ta Trustor and
<br /> Lender and make it a�aElahle to Lender within thres �3y days aft�� receipt of written demand trom Lender to the
<br /> extent permitted hy applicable law.
<br /> Addre�ses. Th� mailing addresses of Trustor �debtor� and L�nder �secured partyy from which information
<br /> concern�ng th� security interest granted by this Deed of Trust mey he obta�ned �each as required by the Uniform
<br /> �omrner�ial Cvde�are as stated on the first page of this Deed af Trust.
<br /> FURTHER ASSURANCES; ATT4RNEY-tN-FACT. The follawing pro�isions relating t❑ further assurances and
<br /> attarney-in-fact are a part af this Deed of Trust: �
<br /> Further Assurencas. At any time, and from time to tirne, upan request af Lender, Trustvr wiff make, execute and
<br /> d�li�er,8r will cause to he made,executed or deli�ered,to Lender❑r to Lender's d�signee,and►nrhen requested hy
<br /> Lender� cause to be filed. recorded, refiled, or rerecorded, as the case may he, at such times and �n su�h offfces
<br /> and places as Lender may deem apprvpriate, any end al! su�h mvrtgages, deeds v#trust, security deeds, security
<br /> �greements. #inan�ing statements, continuation statements, instruments of further assurance, cer�ificates, and
<br /> oth�r documents as may, in the sole apinFon o#Lender, he necessary ar desirahle in order to effectuate, complet�,
<br /> perfect, cantinue, vr preser�e �1} Trust�r's obligatfans under the Note, this Deed o� Trust, and the Related
<br /> ❑ocuments, and �2y the liens and security interests created by this Deed of Tfust as �irst and privr liens an the
<br /> Qr�perty, whether n�w awned ar hereafter acquired by Trustvr. Un�ess prvhih�t�d by law or Lender agr�es ta the
<br /> Gantrary in writing. Trustar shall reimburse Lender f�� all casts and expenses in�urced in cvnnection with the
<br /> matters referred tv in this paragraph.
<br /> AttvrneY-in-Fact. 1�Trustor fails ta do any a�the th�ngs referred to in ths preced�ng paragraph, Lender may da so
<br /> for and in the name o#Trustar and at Trusta�'s expense. For such purposes, Trustvr hereby irre�vcahly appoints
<br /> Lender as Trustor's attorney-in-#act for the�urpase af making,execut�ng, deli�ering,filing, recording, and daing al�
<br /> other things as rnay be necessary or desirabfe, in Lender'5 sale opiniDn, to accamplish the matters referred ta in
<br /> the prec�ding parggreph. ;
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<br /> FULL PERF�RMANGE. !f Trustor pays all the lntleb�edness, inciuding withaut limi�ation al�#uture ad�ances, when due,
<br /> and atherwise Qerforms all the obligatians impvsed upon Trustvr under th�s Deed of Trust, Lender shall execute and
<br /> deliver to Trustee a request for fu11 recon�eyan�e and shall exe�uts and deli�er #v Trustor suitable statemen#s of
<br /> terminatian nf any financing statement vn file e�idencing Lender's security interest in the Rents and the Persana!
<br /> Property, Any recvn►rsyan�e fee required by law shall he paid by Trustarr if pe�mitt�d by applicable law.
<br /> EVENTS �F �EFAULT. Each of the fvllowing, at Lender's optivn. shell constitut�an E�ent of �]efault under this Deed
<br /> of Trust: ;
<br /> Payment Default. Trustor#ails tv make any'peyment when due under the Indeh#ednass.
<br /> Other Defau�ts. Trustor fails ta camply with vr to perforrn eny other tgrm, obligation, �ovenant or condition
<br /> contained in this Deed of Trust vr in any o# the Related Do�uments ar to comply with vr to perfarm any term,
<br /> obiiga#ivn,�o�enant or candition contained�n any other agreement between Lender and Trustar.
<br /> Compliance Dsfault. Failure t❑ carnply wi�h any other term, obligation, co�enant or conditi�n contained in this
<br /> Deed o�Trust,th�Note❑r in�ny vf the Rel�ted Documents.
<br /> Defau�t on�ther P�yments. Failure of Trustar within the time required by this Deed af Trust ta make any payment
<br /> for#axes or insurance,or any ather paymerit necessary to pre�ent fiiing af or to effect discharge af any lien.
<br /> Defau#t in Fa�or of Third Parties. Should Grantor default under any�van, ext�ns+an of credit, security agreement,
<br /> purchase ar sales agreement, ar any other agreement, in fa�o�o#any a#her�red'+tvr or pe�son that may materially
<br /> a#fect any of Grantor's prvperty or Grantbr`5 ability ta repay the Indebtedness ❑r Grantor's ability to per�orm
<br /> Grantvr`s obligations under this Deed of Trust ar any ofi the Related Documents.
<br /> F�ise Statements. Any warr�nty, representation a� statement m�de ar �urnished to Lender hy Trustar or an
<br /> Trustor's �ehalf under this Deed of Trust or the Related Dacuments is�alse ar misleading in any material respect,
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