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2� 15�7398
<br /> r t
<br /> DEE� �F TRUST
<br /> t�ontinued� �a+�e �
<br /> Proceedings. I# any proG�edin� in cond�mn�tian i� filed, Trustar shal� pr�mptly noti#y Lender in writing, and
<br /> Tru�tar shall pr�mptly take su�h steps as m�y he necessary to defentl #he actian and ahtain the �ward. Trus#or
<br /> nn��be the nominal��rty in such prviceeding, but L�n�ler sha�� be entit�e�f to participa#e in ths pr��eeding and t�be
<br /> repres$nted in the prqceeding by coUn��l af its awn ch�ic�, �n�f Trustor will deli�►er or c�u$s tQ be deiivered to
<br /> Lender �U�h instruments and documentation as may be requ�sted by Lent��r iram time tv time #a Rermit su�h
<br /> participa#ion.
<br /> App�i�ation of Net Pr�ceeds. If al�a�any part af#he Praperty is condemned by eminent domain prQc�edings�r by
<br /> any proceeding or purchase in lieu o#candemnation. Lend�r m�y at its electi�n requir�th�t all�r any portion of the
<br /> net pra���ds Q�t�e swar�i be applied to th� I ndebtedness vr tha rspair or restorati�n of the Praperty. The net
<br /> proceeds af th�award shall m�an the award after payment�f all re���n�ble �astsr expenses� snd sttarneys' fees
<br /> �ncurred by Trustee�r L�nde�in��nr�ection with the�andemnation.
<br /> IMP�SIT��N �F TAXES. �EES AND�HARGES BY GaVERNMENTAL AUTHORITIES. The fo�l�win� pro�isions relating
<br /> t��or►�rnm�nt�l taxes.#ees and charges are a part of this Deed of Trust:
<br /> �urrsnt Taxss, Fe�s and �hairg�s. Up�n r��uest by Lend�r, Trustor $hall execux� such dacuments in addition t4
<br /> #his �eed�f T�ust snd take whate�e�oth�r a�tion is requested by L�nd�r to pe��e�t and c�ntinue Lender's lien�n
<br /> the Real Property. Tru�t�r shall reimburse L�nder for aEi taxe�, �s de�cribe� aelow. #ogethe� with �II �xpens�s
<br /> incurre� in recarding, perf��xin� or cantinuing #his Deed o� Trust, including with�ut fimit�ti�n �II taxes, fees,
<br /> d�cumentary stamps, and ather�harges for recording or regist�ring this a�ed of Trust.
<br /> T�x�s. The foll�w�ng shall constitut� taxes t� which this sect��n applies: �1 y a specific tax upon this typs of
<br /> Deed of Trust vr upon al1 �� any part a�the Endebt�dness ���ured by this Deed of Trust; {�} a �peciii� tax an
<br /> Trustor which Trus#ar is�uthariied ar rs�uired t�dec�u�t from payments an the Indebtedness securad by this type
<br /> of Deed�f Trust; �3} a tax an thi$type af Des�af Tru�t chargeable�gainst th$Lender or#hs holder of the Nate;
<br /> �nd t4y a specific#ax an all or any porti�n�f th$ Indebtedn�ss ar on paym8nts af pri�r�ip�l �nd interest m�de hy
<br /> Trustor.
<br /> Subseqr�ent Taxes. if �ny tax ta which this section applies is enacted suhsequent to the date af this aeed o�
<br /> Trust, #his e�ent sh�fl have the s�me effec# as �n E��nt ofi Defeul#, �nd Len�er may exer�iss �ny or a11 of i#s
<br /> a�►ailsbie ��medEes for an Event a� Default as proaided below unl�ss Trustar either �1 f pays �he tax asfore it
<br /> hecQm�s delinquent, or ��y can#�sts the tax as prvr�ided ab��►e in the Taxes and Liens section and depos�ts wi#h
<br /> L�ndsr cash�r a sufficient c�rparet�suret�l�and ar ath��security satis�actary ta Len�er.
<br /> �E�URITY AGREEMENT: FINANCINC STATEMENTS. The tv�lowing prQuisi�ns rsla#ing tv this Qeed of Trust �s a
<br /> se�urity agr�sment are a part Qf this D�ed af Trust:
<br /> �ecurity Agresment. This instrumen# shall con�ti#ut� a Security Agr�smsnt to the extent any a# ths Pr�p�rty
<br /> cvnstitutes fix#u�es. �nd L�nd�r shall ha�e all of the rightS of s secured party under�he Un�form �ommgr�iai �od�
<br /> as amendad from time to time.
<br /> S��urity Int�rast. �lp�n re�Uest hy L�nder, Trustar sha11 take what�yer action is reque�ted by Lender to perfect
<br /> and continue Lender's a�curity interest in #he Rents and P�rs�nal Property. In �dditi�n t� rec�rding th+s D�ed �f
<br /> Trust in #he �eal prQperty r���rds, Lender m�y, at any time and without fu�ther authoriaation #ram Trust�r, fiig
<br /> executed counterparts, c�pi�s ar repr�duc#i�ns af this D�ed af Tru�s# as a �inan�ing stat�m�nt. Trustar sha��
<br /> reirrtburse Len�ler for al�e�pense$ incurred in p�r#��xing ar�ontinUing this security interest. U�on default. Trustar
<br /> sh�ll nat rem���, se�er or d�tach th� Pers�na� Rr�pe�`ty from #he Property. Upan defau#t, Trustar sha�l assemble
<br /> any Personal Pr�perty not affix�d to th� Prap�rty in� m�nn�r and at a place reasonabiy con��ni�nt t�Trustar and
<br /> Lender and m�ke it ��ailaa�e to Lender wi#hin thr�e �3} days after reG$i�x af written d�mand from L�nd�r #� the
<br /> extent p�rmitt�d by appiicS�ls#aw.
<br /> Ad�res��s. The mailing addrssses o# Trustar [de�tarj and Lender tsecured party� �rom which in#ormation
<br /> c�n�erning the security interest g�'an#ed by this De�d af Trust m�y he �htained (each as required ay the Uniform
<br /> Cammercial Cade} �re as stat���n the fir�t pag�af this D��d of Trust.
<br /> FUATHER A�SURAN�ES; ATT�RNEY-IN-F�ICT. The foltowing pra�isions relatin� to further �$sur�nces and
<br /> �ttorney-in-fact are a p�rt Qf this Deed of Trust:
<br /> Further�lssuran�es. ►4t any time, and from time ta time, upon requs$t of Lender, Trustar will rnake. exscut�and
<br /> deli�er, or will cause t4 be mad�� executed ar d�li�ered,to Le�rder Qr to Lend�r's designes� and when r�quested by
<br /> Lender, cause ta be fiied, recorded, re#iled, ar rerecorcl�d, as ths �ase may he, at such times and in su�h offi�es
<br /> �rrd places as L�nder may deem appropri�te, any and a�� su�h m�rtg�ges� deeds �f trust, security deeds, sscurit�l
<br /> agreements, financing stat�ments, can#inua#i�n statem�nts, instruments o# �urther assuranc�, certifice#�s, and
<br /> othsr dacuments as may, in the sole opin��n of Lend�r, be neGessary�r�lesirabl�in order ta�ff�ctuate, �flmpl$te,
<br /> perfect, continue, vr pres�rve t 1 f Trust�r's vb#igatians und�r th� Nox�, this deed o� Trust, a�nd the Aela#ed
<br /> aocum�nts, and t�� the lisr�s and security int�rests crsa#sd by this Desd of Tru�t �$ first and priar li�ns on the
<br /> Praperty, wheth�r now owne� ar hereafter acquired by Trustar. Unless pr�hibi#ed by �aw ar Lender �gress ta the
<br /> contrar� in writing, Trustor shall r�imburse Lender for a�l c�sts and �xpenses incurred in �annectian with the
<br /> matters referr�d to�n this paragraph.
<br /> Attomsy-in-�act. If Trustor fails tv dv any �f the thin�� referred to in#he pre�edir�g pSrSgtaph. L�ndec may do sa
<br /> f�r an�i �n the name af Trustor and at Trustor's expense. For su�h purp�se�. Trus#or hsr�by irrs�acabiy appoir�ts
<br /> Lend�r�s TrUs��r's�ttorney-in-fact f4r the purpose afi making,executing, deii�ering, filing, recording, �nd doir�g�II
<br /> other things as may be necsssary or desirable, in Lender's s�le opinion, to accomplish the m�tters r�f�rr�d #o in
<br /> the preceding paragreph.
<br /> FULL PER�aRNlANCE, If Trustor pays a�l th� lndeb#�dness� including wi#h�ut limitati�n ali future�duances� wh�n due.
<br /> �n�l otherwise p�Rforms all thg �biiga�ions imp�sed upon Trustor under this De�� of Trus#, Lender �h�ll execut� �nd
<br /> deliver t� Trustee a request f�r full re�on�eySnc� and sha�l execute and deli�er ta Trustor suitab�e �tat�m�nts of
<br /> termin�tion of any financing statem�nt an file e�idsrrcirrg Lender's security interest in ths Rents and the Persanal
<br /> Prvperty. Any recon�eyance fee requ�re�by!aw shs�l be paid by Trustar►if permitted by appl�caal�law.
<br /> EVENTS �F DEFAULT. E�ch�f the following, at Lender's opti�rr, sha11 canstitute an E�ent of�efault under this Deed
<br /> of Trust:
<br /> Payment Dsfault. Trustor f�ils t�niake any payment when due under the Indebtedness.
<br /> �th�r Defaults. Trus#or fails to �on�ply with or to per�arm any other term, �bi�g�tion, ��vsrrsnt ar candition
<br /> cantained in this ��ed of Tru�t or in any of the R�I�t�t! Do�uments ar to c�mply with or to perform �ny term�
<br /> obliga#ion,cv�en�nt ar�onditian contained in any oth�r agrg�ment betw�en L�nder Snd Trustar.
<br /> Compli�nc� Def�ult. Failure to comply with any other term� abligStian, co��nant �r �andition contained in this
<br /> Deed af Trust.the Note�r in any of#he Re�ated�ocuments.
<br /> �sf�ult an�t�sr Paymen#�, Failure of T�ustor wi#hin the time required by thi���ed a�Trust to make any paym�nt
<br /> f�r taxes or insurance,or any Qther paym�nt n�cessary to pre�ent�il�n�of or t�e�fect discharg�a�any lien.
<br /> Defsult in F�v�r a#Third Psrtie$. Sh�uld Gr�nt�r default un�isr any laan� extensian�f credi#, sacurity agreemen#,
<br /> purchase ar�ales a�reement. or any ather agreemen#, in fa�or of any ather creditor�r person that may m�teriat�y
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