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. ��1 5�6�44
<br /> . aEE� �F TRUST
<br /> . �Cantinu�dj Pa9� 4
<br /> Lender such instrurnen#s and dvcumentatFon as rnay b� requested by Lender frorn tim� to tirne to perrnit such
<br /> participetion.
<br /> � Applicetion of Net Proceeds. I#a11 or any part af the Prop�rty is �ondemned by eminent domain proceed�ngs or by
<br /> any proceeding or purchase in Eieu ot condemnation. Lender may at its e�ection require that all or any partivn of the
<br /> net praceeds af the award be appfied to tha �ndebtedness or the repair or �estorativn a# the Praperty. The net
<br /> proceeds of the award sha�1 mean the award after payment a�F all reesonable cvsts, expenses, and att�rneys' fees
<br /> �, in�urred by Trustee or Lender in connection with the candernnation.
<br /> IMP�SITIDN ❑F TAxES. FEES AN� GHAR�E� BY GOVERNMENTAL AUTHQR�T�ES. The fol�owing pro��sions relating
<br /> � - tv gv�ernmental taxes, fees and charges are a p�rt of this�e�d o#Trust:
<br /> Current Taxes. Fees and Charges. Upon requsst by Lend�r, Trustar shall exe�utg such documents in addition to
<br /> this Deed of Trust and take whate�er❑ther activn is requested by Lender to perfect and continue Lender's lien on
<br /> ' , the Real Pr�perty, Trustor shall reimburse Lender �For a1i taxes, as described bel�w, together with ai! expenses
<br /> incurred in recording, per�ecting or cantinuing this ❑eed of Trust, including withvut limitatian all taxes, fees.
<br /> do�umentary s#arnps.and other charges for recar�ing ar registering this�3eed❑f Trust.
<br /> • T�xes. The following shall canstitute taxes to whi�h this sectivn appi�es: �1 f a spec�fic tax upon this type of
<br /> Deed o�Trust vr upon ell or any part❑t xhe Indebtedness secured by this ❑eed of Trust; �2y a spe�ific tax vn
<br /> Trustvr which Trustor is authorized or requ�red to deduct frorn payments on the Indebtedness secured by this type
<br /> af Deed of Trust; =3f a tax on this type of Deed❑f Trust chargeable against the Lendet or the h�lder of the Note;
<br /> and �4� a specifi�tax on all ar any pnrtian of the Indehtedness ar on payments of principa�and interest made by
<br /> Trust�r.
<br /> � .Suhsequent Taxes. If any tax to wh�ch this section applies �s enacted subsequent ta the date af this fleed of
<br /> Trust, this event shall ha�e the s�rne effect as an E�ent o# Default, and Lender may exercise any vr all of its
<br /> . availah�e remedies for an E�ent of ❑efault as pra�ided below un��ss Trustor either ��y pays the tax before it
<br /> � becames definquent. ar �Zy contests the tax as prv�ided abo�e in th�Tax�s and Liens section and depasits with
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<br /> Lender cash or a sufficient cvrparate surety bond or ather security satis�actary to Lender.
<br /> SEGURITY AGREEMENT: F�NANC�NG STATEMENTS. The following pro�isions relating ta this Deed vf Trust as a
<br /> . security agreernent are a part of this Dea��'�Trust:
<br /> .
<br /> Security Agreement. Th�s instrument shal� canstitute a Security Agreement #a the extent any of the Property
<br /> . constitutes fixtures, end Lender shall ha�e all af the rights af a secured party under the Uni#vrm Commercia! Cade
<br /> as amended from time tv time.
<br /> , Security lntsrest. Upon request by Lender, Trustvr shall tak� whate�er action is r�quested by Lender to perfect
<br /> ' ; and continue Lender's security interest in the Rents and P�rsona! Property. In addition t� recording this Deed ❑f
<br /> Trust in the real property recards, Lender rnay, at any time and without further authorizativn from Trustar, file
<br /> � executed caunterp�rts, copies or reproductions af this ❑sed of Trust as a financing statement. Trustor shall
<br /> • reimburse Lender far sii expenses incurrad in per#ecting or continuing this security interest. Upon default, Trustor
<br /> shall not rem�ve, se►►er vr detach the Persvnal Property from the Property. Upon de�ault, Trustar shall assemble
<br /> � any Parsanal Property not a�fixed tv fhe Praperty in a rnann�r and at a place reasanably con�enient ta Trustor and
<br /> � Lender and rnake it ��ai�able t� Lender within thrse {3y days after re�eipt �f writtsn demand fram Lender to the
<br /> extent permitted by applica#��e law.
<br /> Addr�sses. The mailing �ddressgs of Trustor �debtor� and Len�er �secured partyf from wh�ch information
<br /> ', concerning the security interest grant�d by this D�ed a�Trust may be �btained teach as required by the Unifo�m
<br /> Cvmrnercia��odef are as stat�d❑n the first page o�this Deed of Trust.
<br /> � • FURTHER ASSURANCES; ATT�RNEY-IN-FA�T. The f�llowing provisions re�ating to furth�r assurances and
<br /> attvrney-in-fact are a part�f#his Deed�f Trust:
<br /> Further Assurances. At �ny time. and#rom time to time, upon request af Lender. Trustor will make, gxa�ute and
<br /> dels�er,❑r wi11 cause La be made� exe�uted or deli�ered,to Lender ar#a Lender's designee, and when raquest�d hy
<br /> Lender, cause to be�iled, recarded, refile�l, or rerecorded, as the case may be, at such times and in such offices
<br /> and pla�es as Lender may d�em appropriate, any and all such martgages, dea�s of trust, se�urity deeds, security
<br /> agreements, financing statements, continuation statements, �nstruments of further assurance. cer#ificates, and
<br /> other dacuments as may, in the svie opinion of Lender, be nec�ssary�r desirable in Qcde�ta effectuate, camplete.
<br /> � perfect, �ontinue� �r preser�e {�} Trustor's obligati�ns under the Note. this Deed of Trust, and the Related
<br /> ' Dacuments, and t�f , the liens and security interests �reated by this ❑eed�f Trust as #irst and prior liens �n �he
<br /> Pr�perty, whethe�r now owned or hereafter acquired by Trustor. Unfess prohibited by law ar Lender agrees to the
<br /> contrary in writing, Trustor sha�f re�mburse Lender �ar all costs and expenses incurrsd in connection with the
<br /> matters refer�ed to in this paragraph. .•
<br /> � Attorney-in-F�ct, If Trustor fails to da any of the things referred to in the pr�ceding paragraph, Lender may do so
<br /> , �ar and in ths name af Trustor and at Trustar's expense. Fvr such purpos�s, Trustor hereby irre�ocably appoints
<br /> Lgnder as Trustar's att�rney-in-fact fvr the purpose❑f rnaking,executing,deli�ering, fiiing, recarding, and doing all
<br /> . vther things as may be necessary or desirabie, in Lender's so�e opinion, to accvmplish the matters referred t❑ in
<br /> the preceding paragraph.
<br /> FULL PERF�RMANCE. �#Trusto�pays all#he Indabtedness, including without limita#ivn all future ad�ances. whsn due,
<br /> and atherwise perfvrms all the obligativns imposed upon Trustar under this De�d vf Trust. Lender sha�� execute and
<br /> deli�er t8 Trustee a request far full recon�eyence and shall execute and defiv�r ta Trustvr suitable statements of
<br /> - termination af any financing statement on file e�idencEng Lender's security jnterest in the Rents and the Personai
<br /> . Property. ►4ny recvn�eyanca fee required by law shall �e paid by Trustar, if perrnitted hy applicable law.
<br /> EVE�HTS aF aEFAULT. Ee�h of the fol�vwing, a#Lender's option, shall const�tute en E�ent o� Defauft under this ❑�ed
<br /> of Trust:
<br /> Payment 17efauit. Trustar faifs to rnake any payrn�nt when due under the Indebtedness,
<br /> � • ❑ther Defaulta. Trus#or �ails to comply with or to psrforrn any other term, ahligation. co�enant or �ondition
<br /> contained in this Deed of Trust or in any of the Related Dvcuments c�r ta compfy with or to perform any term,
<br /> obligatian,co�enant or cvndition cantained in any other agreement between Lender and Trustvr.
<br /> � Compii�n�e ae#ault. Failure to cvmply with any ather term� abligation, co�enant vr condition �ontained in this
<br /> Deed a�Trust,the hlote or�n any vf tha Ralated Documents.
<br /> Default on�ther Peyrnants. Failure of T�ustar within the timg rgquir�d by this Deed�f Trust tv mak�any payment
<br /> for taxes or insurance,or any other payment n�cessary to pr�vent filing af or ta effect discharge❑f any lien.
<br /> . Default in Fa�or af Thi�d Parties. 5hould Grantor defauit under any Ioan, extension af credit, security agreement,
<br /> purchase or sales agreement, ar any other agresment, in fa�or of any vther creditor ar persan that rnay materially
<br /> . af�ect any �f Grantor's property ar Grantor's ability t❑ repay the �nd�btedness or Grantor's ability to perforrn
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<br /> Grantar's vbligatians under this Deed❑f Trust or any vf the Relate�Documents.
<br /> False Statemsnts. Any warranty, representa�ion or statement made ❑r #urnished to Lender by Trustor or an
<br /> Trustor's behal�under this Deed af Trust or�he Re�ated ❑acurnents is false ar misleading in any rnaterial respect,
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