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��l 5�641 1
<br /> �EE❑ �F TRL��T
<br /> ��or�t�r�ued� Page 4
<br /> Applicatian vf Net Praceeds. If a�l vr any part of the Praperty is condemned by eminen�domain proceedings or by
<br /> any pro�eeding or purr�ase in lieu of condemna�ion, Lender may at its elec�ion require that alI ar any portion of�he
<br /> net �ar�c�eds of�ha award b�applied ta the lndeb�edness �r the repair ar res#oration of fhe Prvperty. The net
<br /> �roceeds of the award shalf inean the award after payment o�al[reasonable casts, expenses, and attarneys'fees
<br /> �n�urred by Tn,.�s�ee ar Lende�in connection wi�h the condemnatian.
<br /> IMPDS[T1�N 4F TAiLES, FEES►4ND CHARGES BY G�VERNMENTAL AUTHDR�TIES. The fo[[owing pra�isi�ns relating
<br /> #o gn��rnmental taxes,fiees and cha�g�s are a part of�his De�d❑f Trusi�:
<br /> Current Taxes, Fees and Charges. Upan request by Lender, Trustar sha�! execut�such documents in addit�on to
<br /> this Deed of Trust and take whate�er oth�;r act�an is requested by Lender�to perfect and cvn�inue Lender's lien ort
<br /> the Real Property. Trus�or shall reimburse Lende�-fnr a[I taxes, as described below, fiogether with all expenses
<br /> incurred in �-ecording, pe�ec�ing vr eontinuing this Deed of Trust, �ncluding wEthaut firnitation al� taxes, fees,
<br /> dacurrsentary�tamps,and vther charges fv�recarding�r register�ng this Deed o�Trust.
<br /> Taxes. The folfowing sha11 consti�ute tax�s to which this section applies: t'[} a specific �ax upon �his type af
<br /> Deed a��'rust�r upon a11 ar any part�f the �ndebtedness secured by�his Deed af Trus�; {2} a speci���tax an
<br /> Qarrower which Bo�rv�►ver is au�hari�ed vr required to deduc�from paymen�s on�he Indebtedness secured by th is
<br /> type of Qsed of Trust; �3} a tax on fhis type vf Deed of Trust chargeable agains��he Lend�r o�the hfllder o��he
<br /> Nafie, and (4} a specific#ax on al[ or any portion ❑f the Indebtedness vr an payments vf p�incipal and in�erest
<br /> made by Bar�owe�.
<br /> Subsequent Taxes. �f any tax fo which �his section applies is enact�d subsequent�v �he date af this Deed o�
<br /> Trust, this e�en� shall ha�e#he same effect as an E�ent o�r �ef�ult, and Lender may exerci�e any or a�l �� its
<br /> a�ailable remedies fo� an E�er�t af ❑�fau[t as pro�ided be[ow uniess Trustor �i�her (1} pays the tax before it
<br /> becomes delinquent,ar (2� cantests the tax as pro�ided aho�e in the Taxes and Lfens se�kion and deposits wi�h
<br /> Lender cast7 or a su�f cient carporat�sure�y bond or other securi�y satis�ac�ary to Lender.
<br /> SECUR�TY AGREEIVIENT; FINANGIN� STATEIUIENTS, The �vllvwing pro�isivns relating to �his Deed a� Trust as a
<br /> securi�y agreement are a pa�t of this Deed af Trust:
<br /> Security Agreement. Thi� �nstrumen� shall cvns�itute a Security Agreement to the exten� any �f the Prop�riy
<br /> constitutes fx�ures, and Lender shal[have af1 of the rights o�a secured party under the Un�farrr� Cvmrner��al Cade
<br /> as amended fram�ime ta#ime.
<br /> Security lnteres�. Upvn request �y Lender, Trustor shall take whatever actian is requested by Lenc��r to perfect
<br /> and continue Lender's security interest in#he Ren�s and Persona� Property. !n addition�o recarding�his Deed of
<br /> Trust in #h� real property �ecard�, Lender may, at any time and withou� �u�her authvrization fram Trustor, file
<br /> execu�ed counterparts, capies ar reproductians of this i]eed of Trust as a ffnancing statem�nt. Trustor sha��
<br /> reirnburse Lender fvs al1 expenses in�uRed in perfec�ing ar continuing this security in�erest. Upvn def�ult, Trustor
<br /> sha11 nv� �emo�e,se�er or de�a�h the Personal Property from �he Property. lJpon de�ault, T�-ustor sha�� assemble
<br /> any Persona!Praperty not affixed to the P�operty in a rnanner and at a place reasonahly convenient to Trustor and
<br /> Lender and make i� a�ailable to Lender within three �3} days after receipt a�written demand frorn Lender tv �he
<br /> exten#perrnitted by applicable�aw.
<br /> Addresses. The mailing addresses of Trustor �debtQr} and Lender tsecured party} from �nrhfch in�ormation
<br /> concerning t�e s�curity interes�granted by this ❑e�d�f Trust may b�obtained �ea�h as required by th� Uni�orm
<br /> Gommercia�Code�are as stated on the first pag�of this C�eed of��ust.
<br /> F�RTHER ASSl1RAlVCES; ATT�RNIEY-CN-FA�T. The foffowing pravisians relating to further assurances and
<br /> attarney-in-�act are a par�of this Beed of Trus�:
<br /> Further Assurances. At any time, and from�ime ta time, upon r�quest af Lender,Trus�or wi[1 make, execute and
<br /> del i�er,or wi I I cause�a be made,ex�cuted ar delivered, �o Lender or to Lenders designee,and when requested by
<br /> Lender, cause to be fi[ed, recorded, refiled, ar�ereaorded, as the cas�may kre, at sucl�times and in such affGes
<br /> and pl�ces as Lender rnay deem appropriate, any and al! su�h mor�gages, de�ds af trusf, securi�y deeds, �ecurity
<br /> agreement�, financing s�atements, continua�ion s�atements, insfruments af�urther ass�ranoe, certificates, and
<br /> other documents a�may, in the�o[e apinian af Lender, be neoessary or desirable�n arder to effectuate, cnmplet�,
<br /> per�e�, �antinue, or preserve (1} Barrov�er's and Trustors ob[igations under the Note, this Deed of Trust, �nd
<br /> �he�lated Documen�s, and ��} the li�ns and security interes�s created by this Deed of Trust an th�Praperty,
<br /> whether now owned or herea�fer aoquired by Trustar, Unl�p�ahibited f�y law or Lender agrees to�h�contrary in
<br /> writing, Trustor shail reiml�urse Lender for ali cas�s and expenses incurred in connecf�on wi�h the matters re�erred
<br /> to i n th is paragraph.
<br /> Attorney-in-Fact, lf Trustor fails ta d�any of the�hings referre�f to in the preoeding paragraph,Lender may do sn
<br /> fvr and in�he name of Trus�or and a�T�ustor's expense. For such purposes, Trus�or here�y irre�v�ably appain�s
<br /> Lender as Trus�or`s aitorr-�ey-in-fac��or the purpase ot making,executing,de�i�ering,frEing, r�ecording,and doing alf
<br /> othe�things as may b�ne�essary or desirable, in L�nde�'s sole apinian,�a aoc�mplish the ma�ters referr�d fa in
<br /> the precedsng�aragraph.
<br /> FULL PERFaRMANCE. ��Bo�rvwer and T�-ustor pay all fhe Indeb�edness when due,and Trustor otherwise performs all
<br /> the abl�ga�ians imposed upan Trus#or under this Deed of Trust,L�nder shall execute and deli�er�o Trus�ee a request fa�
<br /> ful! recon�eyan�e and�hall exeeute and de[i�er t�Tn�stor sui�able statemants of termination of any financing sta�emen�
<br /> an f 1e e�ide�cing Lende�'s se�urity interest in th�Rents and the Persvnal Praperty. An�reconveyance fee required by
<br /> law shall be paid by Trus�ar,�f permitted by applicabf��aw.
<br /> E1fENTS 4F DEFAULT. Each of fhe fa!lowing, at Lender's option, shafl canstitute an E��nt o� Def�u�t under this Deed
<br /> �f Tr�st:
<br /> Paymenf DefauE�s Barrower fails tv make an�payment when due under the Indebtedness.
<br /> �th�r De�aults. Borrc�►nrer❑r Trust�r fails#❑ �amply with or#a perfvrm any ather term, abligation, covenant or
<br /> condi�ion Gontained in this a�ed o'�Trust ar in any of the F�ela�ed Dacumen�or tv c�mply wi�h or�v per�nrm any
<br /> fierm,c�hligatian,���enant ar conditi�n can�ined in any v�her agreernent between Lender and Borrawer or Trustor.
<br /> Complian�e ❑efaul�. Failure t� �omply with any vther te�m, ob�igation, covenant or c�ndition contained in th�s
<br /> Deed�f Trust,th� Nv#e or in any of the Rela�ed Dvcuments.
<br /> Defau[�on Qther Paym�nts. Failure v�Trustor within the time required by this Deed of Trust tv make any payrnent
<br /> f�r taxes or insurance, or any other payment nec�ssary to prev�nt filing Q�vr to��F��t d�scharge af any[i�n.
<br /> Default in Favar vf Third Par�ies. 5hould Bor�awer vr any Grantor default under any l�an, extensian of credit,
<br /> security agreernen�, purchase Qr safes agreement,r�r any other agreemen�,in fa�ar o�F any oth�r�creditor or person
<br /> that may materially �ffiect any of Borrow�r's or ar�y Grantar's property vr Borrower's a�ility ta repay th�
<br /> Indebtedn�ss or Borrawer's o�Granfor's ability to perfo�m their respe��i�e ob�igations under�his Deed of Trust or
<br /> any Q�the F�elated Documents.
<br /> False S�a#ements. Any warran�ty, represen�atian or statement made ar furnished to Lender by E3arrvwer ar Trustar
<br /> �r vn �a�-row�r's or Trustor's behalf under this �eed of Trust or the F�elated Documenfs is€alse❑r mis[eading in
<br /> any rnaterial respect, ei�her nvw ar at th� time rnade �r furnished ❑r b�cames fa�se ❑r m€sieading at any firv�e
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