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2� 15�73��
<br /> aEED �F TRUST
<br /> ��ontinu�d� Page �
<br /> Sur�i��l af 1�epres�nt�tions and VNarr�nties. All rep�resentations, warranties, and agreements made by Trustnr in
<br /> this De�d of Trust shall sur�i�e�he exe�ution and deli►►ery o�th�s []�ed of Trust, shail bg�ontinuing in nature, and
<br /> shall remain in ful! fv�rGe and effect untit such tim�as Barrower's lndebtedness shall he paid in full.
<br /> C�NDEMNATIDN. The�oliowing pro�isians relating to condemnativn pro�eedings are a part of this Deed of Trust;
<br /> Prt�ceedin�s, If any proceeding in candemn�tion is �il�d, Trustor shall promptiy notify Lend�r in writing, and
<br /> Trustvr shall promptly take such st�ps as �nay be necessary to defend the aGtiQn and obta+n the award. Trustar
<br /> may be the nominal party�n such pra�eeding, hut Lender shall k�e entitled to p�rtic�pate in#he proceeding�nd t❑be
<br /> repr�sented in the prQGeeding by counsel a� its own c�aic�, and Trustar will defi�er or caus� to be deli�ered tv
<br /> Lender such �nstruments and documentation as may be re�uest�d by Lender frvm tim� to time �a permit su�h
<br /> par�icipatian.
<br /> Applicat�on of Net Prv�eeds. I#al��r any part v�the Property is condemned by emin�nt domain proceeding$❑r by
<br /> any p�aceeding or purchas�in�ieu of condemnation, Lender m�y at�ts electivn require that al�Qr any p��ti�n�f the
<br /> n�t proceeds of the award be �p�plied tQ the lndebtedn�ss vr the repair vr r�st�rati�n vf the Prvp�r�y. The net
<br /> prace�ds of the award shall mean the award �fter payment r�f �ll reasonable costs, expen�es, and atttarneys' fees
<br /> in�urred by Trustee or Lender in canne�tion with the c�ndemna�ivn.
<br /> IMP051TI�N �F TAXES. FEES AND CHAR�ES BY GDV�RNMENTAL AUTH�RITIES. The fallowing prQ�isivns relating
<br /> to go�ernm�ntal taxes, fees and charges are a part o#this �eed o�Trus#:
<br /> �urrent Taxes. Fees �nd Charge�. Upon request by Ler�der, Trustor shall execute suck� documents �n �dditian to
<br /> this ❑eed of Trus# and take what��er�ther action is requested by Lender ta perfe�t and continus Lender's lien an
<br /> th� Real Property. Trus#or shaif reimbu�sa Lender fvr ail taxes, as described helvw, together with all exp�nses
<br /> incurred in reGording, p�rfectin� or continuing this D��d of Trust, including withaut limitativn �II t�xgs, fess,
<br /> da�cumentary stamps, and other charges for recording or registering this❑eed v�Trust.
<br /> Texes. The falla�wing shail �onstitute taxes ta whi�h this section applies: [�f a specific #ax upon this type ❑f
<br /> G�eed of Trust ar upon al� or any �ar# of the �ndebt�dness secured by this D��d �af Trust; (2y a specific tax on
<br /> Barr�rwer which Barr�wer is �uthorized or required t❑ dedu�t fra�m payments on the Indebtedness secur�d by this
<br /> type of �eed of Trust; �3f a tax vn this type of ❑eed a�Trust�hargeable against#he Lender or the holder of the
<br /> Nate; and �4� a specifi� tax on a!1 or any portion of the lndebtedness or ❑n payments of principal and interest
<br /> made by Borrow►er.
<br /> 5ub�equent T�xes. if �ny tax �o which this sec#ivn a�plies iS enacted subs�quent tv the date o� this C]e�d of
<br /> Trust, this e�ent �ha�i ha�e the same effect as an E�ent o� Default, and Lender may exercise any �r ail vf 'rts
<br /> a�ailable remedies fvr an E�ent ❑f aefault as prv�ided below unless Trustar either �1� pays th� tax befivre it
<br /> becvmgs delinquent, or t�y �vnt�sts the tax as pra�ided abo�e in the Ta��s and Liens sectfan and depasits with
<br /> L�nder cesh vr a sufficient�orpvrate surety band�r�thert�ecurity s�tisfactc�ry t� Lend�r.
<br /> SECURITY AGREEMEN�'; FINANCIN� �TATEMENTS. The fo�lawing pro�isions relating to this Qeed ❑f Trust �s a
<br /> security agreement are a part of#his Deed of Trust:
<br /> 5ecurity Agraement. This instrument shail constitute a Security Ag�eement to th� extent any o# the Property
<br /> can�titute�fi�ctures, and Lend�r shall ha�e all of th� rights vf a s�cured party under the Unif�rm �vmmercial Code
<br /> as amendsd from time t❑time.
<br /> Security lnterest. Up�n request hy Lender� T�u�tar sha�� tal�e whate�er action is requested b�y Lender to perfec�
<br /> and �ontinue Lender's security in�gr�st in the Rents �nd Persanal Praperty. In additivn to recerding this Deed ❑fi
<br /> T`rust in the real p►opsrty recvrds, Lender may, at any Eim� end without further auth�riza#ion from Yrustar, file
<br /> executed counterparts, copies ❑r reproductions o� this Deed of Trust as � financing statement. Trustor shall
<br /> reimburse Lender far all �xpenses incurred in perfecting or Gontinuing this security interest. Upon default, Trustar
<br /> shail not rema�e� se�er or detach the Persan�l Prvp��rty from the P�op�rty. Upvn defi�u�t, Trustor shall assemble
<br /> any P�rsonal Property not affix�d to the Property in � manner and at a pl�Ge reasanably Gvn�enient ta Trust�r and
<br /> Lend�r and make it a�ailable to Lender within three �3f days after receipt af written demand �r�m L�nder to the
<br /> e�ctent permitted hy applicable law.
<br /> Addrasses. The mailing addresses of Trustor �debtory and Lender f secured party� from which information
<br /> c�nGerning the se�urity int�rest granted by this Deed ❑� Trust may he abtained [ea�h as required �y the lJnifarm
<br /> Commercial Code� ar��s stated on the first pa�e vf this Deed�f Trust.
<br /> FURTHER ASSURANCES; ATT�RNEY-lN-FACT. Th� follawing pra�is+ons relating to further assurances and
<br /> attvrney-in-fact are a part of this Deed of Trus#;
<br /> Further Assuranc�s. At any time, and from time tv time, upon request vf Lender, Trustor will mak�� execute and
<br /> deli►►er,❑r will caus�to be made, executed or delidered,to Lender or tv Lender's designee, and when requested ay
<br /> Lender, cause to be fi�ed, re�orded, refiled, �r rereG�rded, as the case may be, at such times and in such vffices
<br /> �nd pla�es as Lender may de�m apprvRri�te' any and all such mortgages. d�ed� of trust� security deeds, security
<br /> agreements, finan�ing statements, continuation statements� instruments af further assurance, certifi�ates, and
<br /> �ther dvcuments as may, in the stile opinion o�Lender, he necessary vr desirable in order�n effectuate, comp�ete.
<br /> perfect, cantinue, or preser�e {1 j garrower's and Trustor's abligatinns under the No�e, this Deed of Trust, and
<br /> the Releted Dvcuments, and (Zy the liens and s�Gurity inter�sts created by this D�ed �f Tru�# as first and prfar
<br /> liens on the Property, wheth�r na�w �wned or hereafter ecquired by TrustQr, Unless prvhibited by law vr Lender
<br /> egrees ta the cantrary in writ�ng, T�ustor shall reimburse Lende�for all costs and expens�s incurred in �Qnn�ctian
<br /> wi�h the matters re�erred to in this paragraph.
<br /> Attornay-in-Fact. If Trustvr fails to do any v##he things referred to #n the preceding paragraph, Lender may do so
<br /> ft�r and in tl�e name af Trustvr and at Trustt�r's eacpense. For such purpases, Trustflr h�reby ir�e��c�bly appoints
<br /> Lender as Trus#or's a#tarney-in-fact for th� purpose of making, ex�cuting� deli�ering, fi�ing� recvrding, and doing all
<br /> oth�r things as may be necessar� ar desirab�e, in Lend�r's sole opinion, tQ �ccomplish the matt��s referred tv in
<br /> the pre�eding pa�agraph,
<br /> FULL PERFQRMANC�. If Borrvw�r and Trustor pay all th� Indebtedness, in�luding withvut f�mitatic�n all futu�e
<br /> ad►►ances, when due, and Trustvr otherwise perform� all the obligativns imposed upon Trust�r under this Deed v�Trust,
<br /> Lender shall execute and deliWer to Trustee a r�ques� for fui� recon�eyance and shall exe�ut� and deli�er tfl Trustar
<br /> su�tahl� �tatem�nts of terminatian of any finanGing st�tement on file evidencing Lender's sgGuri#y interest in the Rents
<br /> and the Personal Rrvperty, Any r��on�sy�nce fee required by I�w shall be peid by Trustvr, if p�rmitted by epplicabl�
<br /> law.
<br /> EVENTS �F DEFAULT. Each of the f�llawing, at L�nder's vptivn, shall constitute an E�ent of Defeul� under this Deed
<br /> oi Trust:
<br /> P�ymen#Defeu#t. Barrvwer faiis to mal�e any payment when due under the Indebtednes�.
<br /> 4ther C]efaults. gorrower or Trustvr faiis to �amply with �r tv perform any v�her term, abl'rgation, ca�enant or
<br /> condition cantained in this Deed of Trust or in any of the Related Docum�nts or to comp�y with or to perfarm any
<br /> term,❑blig��ian, co��n�nt or canditivn cantsined in any ather eg�e�ment betwg�n Lender end Barrower or Trustvr.
<br /> �ompliance Defeu�t. Fa+lure ta Go�mply with eny flther term, vbligation, �v►►enant or cc�ndition conteined in this
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