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Z�15�535� <br /> � �EE� �F 1'F�U�T <br /> {��n�i n u�d� Page � <br /> EXISTING INDEBTEDNESS, The follawing pravisians cvn�erning Existing lndeb�edness are a par�of th�s Deed of Trust: <br /> Existi�g Li�n. The lien vfi this Deed of Trus# secu�`�ng the Indebtedness may be secandary and inferior to an <br /> �xisting 1ien. Trustor expressly co��nants and agrees to pay, ar see�a the payment of, the Existing Indebtednes� <br /> and to pre�ent any de�Fault on such�ndebtedness, any default under�he instruments e�id�nc�ng such �ndehtedness, <br /> or an�default under any secur��y dflcuments for such indebt�dness. <br /> No Modification. Trustor shall not enter into any agreement wifih the hv�der of any martgage, deed of trust, vr <br /> �ther se�uri�y agre�ment whiGh has priority aver this ❑eed of Trusf by which �hat agreement �s modified, <br /> amended, extended, ar renewed without �he prior wri#�en cvnsent of Lender. Trustor shall neither request nar <br /> accept any future ad�ances under any su�h security agreemen#with�ut the prior wri�ten cans�nt af Lender. <br /> CQN�EIIIINATIaN. The fv��vwing p�v�isions r�lating t❑ candernnatian proceedings are a part of this Deed vf Trust: <br /> Prviceedings. If any proceeding in candemnation f5 filed, Trustor shalf promp�Iy notify Lender in wri�ing, and <br /> Trus�ar shal[ promp�ly take such steps as may be necessary ta defend the action and obtain�he award. Trustor <br /> may be�he nami nal party i n such praceedi ng,Ia u�Lender shail be entitf�d fo par�i ci pate in the pmr�edi ng and ta be <br /> reprssented in the pra�eeding by counsel of its own cho�ce, and Trustnr wi I� del��er or cause ta be de�i�ered ta <br /> Lender such instru ments and dacu mentation as may be req uested by Lender from �f ine �o �i me t� permit such <br /> par�i�ipatian. <br /> AppliGatian of Net Proceeds. Cf all ar any part of the Proper�y is condemned by eminent domain proceedings vr by <br /> any praceeding ar purchase�n I�eu af condemnafian, Lender may a��ts elec���n require tha�ali flr any portion��the <br /> nef prvicee�is of fhe awa�d be applied�o the Indebtedness or�he repair ar res�oratian of�he Proper�y. The net <br /> p�aceeds of the award sha�� mean�he awar�d after paymen�af ail reasonab�e costs, expenses,and attarneys'fees <br /> incurred by Tr�ustee or Lender in connection with the condemna�ion. <br /> iMP�SIT��N �F TA�ES, FEES►4ND CH�IRGES BY G�VERNMENT'AL AUTHflRITIES. The falfawing provisivns r�lating <br /> to gaWernmenta�taxes,fees and charges are a part❑f this❑eed a�Trust: <br /> Currenfi Taxes, FeQs and Charges. Upon request by Lender, Trusfor-shall execute su�h daGumen�s in addi�ian ta <br /> this Deed af Trust and take whate�er ather actian is reques�ed by Lender#v perfect and cvntinue Lender`s lien on <br /> the Real Prvperty. Trus#or shall reimburse Lender for al[ �axes, as des�ribed below, tagether wi�h a�l expenses <br /> incurred fn �-ecording, perfecting or cvntinuing �his ❑eed af Trust, including withvut [imi�ation a�l taxes, �ees, <br /> documentary stamps,and❑ther charges fvr rec�rding or registering this Deed o�Trust. <br /> Taxes. The fallvwing shall canstitute tax�s t� which this section applies: t1� a specific tax upon this �ype of <br /> Deed af Trusf nr upvn all v�any part of ths Indet��edness secured �y this Deed of Trust; �2} a spac�fi�tax an <br /> B�rrawer whi�h Borrower is autharized ar r�quired to deduct fram paymen�s an#he Indebtedness secured hy�his <br /> type of❑eed❑�Trust; �3} a tax on this type af Deed af Trust chargeable against the Lender or the holder ofi the <br /> Note; and �4} a specific tax an all or any por��on of the Ir�debtedness o�-an payments of pr�ncipal and interest <br /> made by B�rr�wer. <br /> Subsequen� Taxes. lf any tax ta which th�s se��ion applies is enacted subsequenf to �he da#e of this �eed of <br /> Trust, this e�en� sha�! ha�e the sarne e�fe�t as an E�ent of Default, and Lender may exercise any ar aIl �f its <br /> a�ai�able remedies �ar an E�ent oC Defauit as pro�ided b��ow un�ess Trustor either �1) pays �he tax b�fare it <br /> be�omes delinquent,ar {�} contes�s�he tax as pra�ided above in fhe Taxes and Liens section and depos�s with <br /> Lender c,�sh or a suffcient carporate sure�y bond ar ath�r security saf�sfactory to Lender. <br /> SECURITY AGREEMENT; FINANCIN� STATEMENTS. The foll�wing pra��sions relating to �his ❑eed af Trus# as a <br /> securi�y agreement are a part a��his ❑eed of Trust: <br /> 5ecurity Agreement. Th�s instrument shall consti�ute a Security Agreement tv �he ex�ent any vf fhe Prope�ty <br /> constifiut�s fixtures, and Lender shall ha�e alf af the righfis o�F a secured party under the llnifarrn �ommerc�al�ode <br /> as arnended fram time tv time. <br /> Security Intere�t. lJpan request by Lender, Trustar shall take wha�e�er a�tivn is �equested by Lender tv pertect <br /> and cantinue Lender's security interes'�in the R�nts�nd Personal Property. ln addition to recording �nis Deed of <br /> Trust in #he real prflperty r�cords, Lender rnay, at any time and wi�hout fur�her aufharizati�n frorn Trustar, file <br /> �exe�u#ed Gounterparts, copies vr reprvduetians vf this Deed af Trust as a �inan�ing s�a�ement. Trustor shall <br /> reimburse Lender far all expenses incurred in perFecting or cvntinuing�his se�urity interest_ Upan default, Trus�o�' <br /> shaI1 not remo�e, sever or detach the Persana[Property frorn the Prap�rty. Upan default, Trustar shall assemb�e <br /> any Persanai Proper�y nat affixsd to the Praperty in a manner and at a place reasonably con�enient to Trustar and <br /> Lender and rnak� i� avaiiable #o Lender wi�hin three �3} days after receipt af written dernand from Lender to the <br /> �xten�permitted by applicable�aw. <br /> ►4ddresses. Th� mailing addresses of Trustvr (debtor} and Lender (secured party} from w�ich information <br /> �nn�e�ning the security interes�granted by this Deed of Trust may be obtained [each as r�quired by the Uniform <br /> Commercial Cade}are as stated on the first page�f this❑eed of Trus�. <br /> F�RTHER ASSLIRANCES; ATTORNEY-IN�FACT. The fo�ivwing pro�isions relating t❑ fur�h�r assurances and <br /> a�torney-in-fiac�are a part of this Deed of Trust_ <br /> Fur�her Assurances, A#any time, and fram time ta fime, upvn request af Lender, Trustvr will make, execute and <br /> del iver,or wi I l cause ta be made,executed o�-de�iv�red,to Lender or to Lender's designee,and when requested by <br /> Lender, cause ta be f led, reoorded, refiled, or rerecard�d, as�he c�ase may be, at su�h tirnes and in such offices <br /> and plaoes as Lender may deem apprapriate, any and all such martgages, deeds o��trust, securi�y deeds,security <br /> agreements, finan�ing s�atements, continuation statements, instruments of fiurther assuranoe, cer�ificates, and <br /> ather documents as may, in the s41e❑pinion of Lender, be necessary or desira�le in❑rder to efFec�uate,cc�mplete, <br /> perfect, con�inue, or preserve (�} Borrower's and Trus�or's vb�igations under��he f�a�e, this Deed af Trust, and <br /> the Rela�ed Documents, and (�} the liens and se�urity interes�s crea�ed by fhis �e�d af Trust an the Property, <br /> whether now owned or hexeafter aQquired k�y Trustor. Unless prohibited b��aw ar Lender agrees t��he contrary in <br /> writing, Trustor shall re�mburse Lende�for a�l cos�s and exp�nses incurred in�anne��ion with t1�e matters r�ferred <br /> ta in�his paragraph. <br /> Atfvrn�y-in-Fa�t. !f Trus�vr fails to do any of the things referred�a in the preceding�aragraph,Lender may do so <br /> for and in the name❑f Trustar and at Trustar's expense_ For such purposes,Trustor hereby�rrevo�ab�y appoints <br /> Lender as Trustor's attorney-in--fact for the purpose of making, exe�uting,defi�ering,filing, recording,and doing al� <br /> o�her things as may be necessary or desirable, in Lender's sole opini�n, fv accomplish the matters referred to in <br /> �he preceding paragraph. <br /> FULL PERFDR�IANCE, If Barrower and Trustvr pay a11 the Indeb�edness, including without limitat�on a!I future <br /> advanoes,when due,and Trustor otherwise perForms a�l the obli�atians imposed upon Trustor und�r this Deed o�Trus�, <br /> Lender shall execute and deli�er�o Trustee a request f�r full recan�eyan�e and shall exe�ute and deii�er�a Tn..ast�r <br /> suitabl�statemen�s vf�ermination of any financing s�atement on file e�idencing Lender's security interest in fhe Rents <br /> and fhe Persanal Proper�y. Any recon�eyanoe fee required by I�vy shall be paid by Trus�or, if permitted by applicable <br /> �aw. <br /> EVENTS �F ❑EFAULT. Each❑f the foliowing, at Lender's ❑plion, �hall cans�itute an Ev�nt of Defauit under this Deed <br /> of Trust: <br />