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��15�5938
<br /> DEED �F TRU�T
<br /> �C�ntinu�d� P�ge 4
<br /> App�ication vf Net PrQceeds. I�all or any part o�the Pr�perty is�ondemned hy eminent domain proceeding:�or by
<br /> any pro�eeding o�purchase in li�u of candemnati�n, Lend�r may at its election require that all ar�ny portion of�he
<br /> net prviceeds o# the award be applied ta the Indebtedness vr th� re�a�� ar restora�ifln o� the Prope�ty. The net
<br /> proceeds afi th� award shall mean the av►rarc! after payment of all reasonable �vsts, expenses, and atto�n�ys' �ees
<br /> incurr�d by Trus�ee ar Lender in c�nnection with the �ondemnation.
<br /> IMPC35lTlON �F T�4XE5. FEES AND CHARGES BY GnVERNMENTAL AUTHDRITIES. The f�l�owing prvvisions r�ela�ing
<br /> ta ga��rnmental taxes,€ees and char�es are a part❑�this ❑eed ❑f Trust:
<br /> Curren�Taxes, Fees and Charges. lJpon request by Lender, Trustor shal! ex��ute such documents in addi�ian to
<br /> this aeed af Trust and take whate�er oth�r a�tian is requested by Lender to perfect and continue Lender's lien on
<br /> the Real Prvpe�ty. Trustvr shall reimbu�s� Lender for all taxes, as described belaw, tvgether with all expenses
<br /> incurred in re�arding, perfec#ing or cflntinuing this ❑eed of Trust, in�luding withaut lirnita�ion a�[ taxes, fees,
<br /> documentar}�stamps, and❑ther charges for recvrding or registering this Deed o�f Trust.
<br /> Taxes. The follawing shalf constitute taxes to which this se�tion applies: �1} a spe�ific tax upon this �yp� af
<br /> ❑�ed vf Trust or upon all ar any part o�the Indebt�dness s��ured by this ❑eed vfi Trust; �2f a specrfic tax ❑n
<br /> Trustor wh��h Trus�or is authorized a� r�qu�red ta dedu�t from payments an the Indebtedness se�u�ed by this type
<br /> af Deed of Tcust; {3� a�ax an this type af❑eed of Trus�chargeabie against the Lender ar the halder af thE,Note;
<br /> and �4� a spe�ific tax an all ar any partivn vfi the Indebtedness or �n paymen�s of prin�ipaf and interest rr-�ade by
<br /> Trustor.
<br /> Suhsequent Taxes. I� any tax ta which thEs se�tian applies is enacted subsequent to the date of this �eed af
<br /> Trust, this e�ent shall ha�� the same e#�ect as an E�ent o� De�au�t, and Lender may exer�is� any or all ofi �ts
<br /> a�ailable r�medies �vr an Event of D��ault as pro�ided be�aw uniess Trustor either {1} pays the tax b�fore it
<br /> be�ames deiinquen#, vr ��) �antests the tax as provided abo�e in the Taxes and Liens sec�ion and depvsits with
<br /> Lender cash❑r a sufficient c�rporate surety bond ar ather security sat�sfactory�o Lender.
<br /> SECURITY AGREEMENT; FINANCING STATEMENTS. The fo�lawing pravisions relating to this ❑e�d of Trust as a
<br /> se�urity agreement are a pa�t of�this CJeed o�Trust;
<br /> Security Agreement. This ins�trument shall Gons�itute a S��urity Agreernent ta the ex�ent an� ❑f the P���per#y
<br /> cansti�utes �ixtures, and Lend�r shal! ha�e all of the rights o�r a secured party under the �ni�orm Gomrnercia�! Gode
<br /> as amended from time ta time.
<br /> �ecurity lnterest. Upon requesf by Lender, Trustar shall tak� whate�er aCtian is reques#ed hy Lender�a fi�er��ct
<br /> and continue Lender's se�urity interest in the Rents and Personaf Property, �n add'€tion t❑ recording xhis C�eed af
<br /> Trust in the real property r�c�rds, Lender may, a� any time and withou� further auth�rization #rom Trustor, fike
<br /> execut�d caunterparts, copies ❑r reprodu�tions af �his D�ed of Trust as a f�nancing s�atement, Trust�� sha�l
<br /> reimburse Lender for alI expens�s incurred in perfec�ing o�continuing this se�urity interest. Upon default, ��rustar
<br /> shall not remo�e, se��r ar de�ach the Pers�nal Praperty from the Proper�y. Upon defaul�, Trustvr shal] as.�embEe
<br /> any Persona[ Pr�perty not a�ffixed t�the Property in a manner and at a place reasanably conven�ent to Trus�or and
<br /> Lender and make it aWa�lakale t� Lender within thr�e {3f days after receipt of writt�n demand from L�nder to the
<br /> extent permitted by app[icable law.
<br /> Addresses. The mai�ing addresses of Trustor �debtorf and Lend�r �secured partyy from ►nrhich informatian
<br /> �ancern�ng �he security interes� g�anted by this De�d of Trust may be vbtain�d ��a�h as requir�d by the Uniform
<br /> . Comm�r�iai Code� are as stated on the first page vf this Deed�f Trust.
<br /> FURTHER ASSURANCES; ATT�RNEYwIN-FACT. Th� fol�owing pr��isions re�at�ng ta further assurances and
<br /> attorney-in-fact are a part a�this Deed af Trust;
<br /> Fur�her Assurances. At any tim�, and from time ta t�me, upan request nf Lender, Trustor will make, exec�.ite and
<br /> deli�er, or will�ause to be made,ex�cuted or delivered, to L�nder or to L�nder's designee, and when reque�t�d by
<br /> Lender, cause t❑ be filed, recarded, refifed, ❑r rerecord�d, as �he �ase may her at such times and in su�h o�f�c�s
<br /> and places as Lender may deem appropriate, any and all such mort�ages, de�ds a�trust, security deeds, security
<br /> agreements, �Finan�ing statements, continuation s�atements, instruments af furthe� assuran�e, certificates, and
<br /> oth�r documents as may, in the soie opinion af Lender, be necessary or desirable in order to e##ectuate, campl�te,
<br /> perfec�, cvnt�nue, ar preser�e �1� Trustar's obligativns under the Nate, �h15 D��d of Trust, and the F�elated
<br /> D�cuments, and R�} the liens and security interests creat�d by this Deed af Trust as firs� and prior liens vn the
<br /> PrQper�y, whether no►►v owned or hereafter acquired by Trust�r. Unless prohibited by law or Lender agrees �� th�
<br /> con�rary in writing, Trustor sha�l reimburse Lender for a�l �asts and expens�s incurred �n connec�ian w�th the
<br /> ma�ters re��rred to in this paragraph.
<br /> Attarney-in-Fact. If Trustar fails �� d❑ any of the thing$ referred to in the preceding paragraph, �.�nder ma�� d� s�
<br /> for and in th� name �f Trustor and at Trust�r's expense. For such purpa�es, Trustar hereby irrevocably appoints
<br /> �ender as Trus�t�r's attorney�in-fact f�r�he purpose❑f making, exe�uting, deli�ering, fifing, recording, and doing a[[
<br /> qth�r�hings as rnay b� necessary v� desirabfe, in Lender's sc�Ie opinian, ta accomp(ish the ma#ters refi�rred �to in
<br /> �he preceding paragraph.
<br /> FULL PERF�RM►4NCE. I�Trustar pays a11 the Ind�btedness, including withou�limitatian a�f fiuture ad�ances, wh�n due,
<br /> and otherwise per�orms all the obligations impvsed upon Trustor under this Deed o� Trust, Lender shall exe�ut� and
<br /> deli�er to Truste� a request �or full recan�eyance and shall �xecute and deli�er t❑ T�ustor suitahle statem�ynts ��
<br /> terrninatian af any financing statement on #ii� e�iden�ing Lender's security int�rest in the Rents and the P4:r5Dna�
<br /> Property. Any recon�eyance�ee requir�d by!aw shall be paid by Trust�r, if permit�ed by appficable lauv.
<br /> EVENTS �F DEFAULT. Each of the following, at Lender's optivn, shai� constitute an E�ent af Default under�hi:� Deed
<br /> of Trust:
<br /> Payment Defauit. Trus�or�a�fs tv make any payment when due under the Indebtedness.
<br /> �ther ❑efaults. Trustar fa��s to comply with or to p�rform any oth�r term, �bligation, coUenant or �andition
<br /> contained in this Deed of Trust or in any of the Re[ated Documents or ta comply w�th or �a per#arm arnf term,
<br /> abli�ation, cv�enant vr cond�tivn contained in any ather agreemen�C betw��n Lender and Trustor.
<br /> Campfiance Defauit. Fai�ure to �omply wi�h any ather term, ohiigat�on, ca�enant vr canditian �ontained in this
<br /> Deed o�Trust,the Note vr in any�f the Related Dn�urnents,
<br /> Defau�t on D�her Paymen�s. Failure ofi Trus�or wi�thin the#ime requ�red by�his Deed of Trust ta make any p.�yment
<br /> far taxes or insurance,or any other payment necessary to pre�ent filing ❑f or fio�fifect discharge o�f anY Iien.
<br /> Defaul# in Favvr of Third Partiesr 5hauld Grant�r default und�r any loan, �xtension vf c�-ed'€t, s��urity agre��men�,
<br /> pur�hase ar sales agr��rnent, ar any �ther agre�ment, in fa�or a�any v�h�r creditor ar persvn�hat may materially
<br /> affect any vf Grantor's property or Grantor's ability to r�pay the Indebtedness ar Grantor"s ability to perfarm
<br /> Grant�r`s ohligations under this ❑eed❑f Trust or any vf the Related Dacuments.
<br /> False Statemen�s. Any warranty, represen�a��an ar s�at�ment made or furnished tv Lender hy Trustar �r on
<br /> Trus�or's behalf under�his Deed a�Trust or the Related Dvcurnents is false o� misleading in any ma�eria� respect,
<br /> either now vr at the�ime made or�u�nished or becomes�alse or misf�ading at any t�me thereafiter.
<br /> De�ective Coflateralixation. This Deed of Trust or any o�r �he Related L7o�um�nts c�ases to b� in full force and
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