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2� 15�7921
<br /> v��v oF TRu�T
<br /> ���int111u�d� Page 4
<br /> eny pracaeding or purchase in lieu of cond�mnati�n. L�nder mey�t its electian requir�that a11 ar any portion o�the
<br /> net proceeds of the award be �pplied to th� �ndebt�dness or the r�pair or restQr�tian af the Pro�erty. The n�t
<br /> proceeds vf the award shall mean the award aftar payment af a�l reasonahle costs, e�penses� and attorneys' fees
<br /> in�urrad by Trustee❑r Lender in cannectian with the c�ndemn�tian.
<br /> IMP�SITIDN�]F TAxES. FEES AND CHARGE� BY �pVERNMENTAL AUTH�RITIES. T'h� following pro�isions relat�ng
<br /> to g��ernmenta!taxes,fe�s end�harges are a part of this Deed v'f T�ust;
<br /> Currant Tax�s. Fees �nd Charges. Upon request by Lender, Tfustar sh�11 execute such documents in additian to
<br /> 'this fleed of Trust and t�k�whate�er oth�r�ction is requested by Lender to perfe�t and cvnt+nue Lender's lien❑n
<br /> the Real Property. Trus#ar shall reimburse Lender #or all t�xs�� �s d�s�ribed b���w. tv�ethe� with ail expenses
<br /> incurred in re�ording, perf�ctEng ar �ontinuing this Deec� t�f Trust, in�luding without limitation all t�a��s, fee�,
<br /> dvGum�ntary stamps, and o�h�r charges for re�cordir�g or registe�ring this Dead of Trust.
<br /> Taxes. The faf��wing sha11 canstitute taxes tv whi�h this se�tion appl�es: =1 y � sRec�tic t�x upt�n this type af
<br /> �eed af Trust ar upan ��I or any part of th� lndebtedness secured by this Deed of Trust; ��� a spe���i� tax on
<br /> Trustor which Trustor is authoriied or required ta deduct fram paym�nts on the lndehtedness secured by this type
<br /> of❑eed of Trust; �3� a tax an this type of Qeed af Trust charg�able agains�the Lender or the halde�of the Note;
<br /> and t4y a speci#ic tax an all or any pQrtion of the Indebtednass� vr�n payments o�principal and inter�st made by
<br /> Trustor.
<br /> Su��t�arft Taxes. If any tax #a which this section appli�� �s enact�� subse�uen� to the date of th�s Deed af
<br /> Trust� thi� e�ent shail ha�� th� same �ffect a� an E�ent ot L�e��ult, and L�nder may exercis� any or al! v� its
<br /> a�aile�te remedies for an E�snt of Default as pro�ided below unless Trust�r ��th�r �1� pays th� tax ��fa�e it
<br /> becomes d�linquent, �r {2} cvntests the tax as pro�ided abo��in�he Taxes end Ligns sect'ron and depvsits with
<br /> Lender Gash ac a su#ficient carparate surety band o�ather security satis��ctory to Lender.
<br /> SECURITY QGREENIENT; FIWAN�ING STATE�ENTS. The foll�w�ng pr��'rsions releting ta this ❑eed of Trust as a
<br /> security agreement are a part of#his De�d af Trust:
<br /> S��urity A�reement. This �nstrument �h��! cvnst�tute a �ecurity Agreem�nt tc� the extent any of �he Prvperty
<br /> �anst�xutes fixtures. end Lender sha11 have a!I af the rights of a �ecured pany under the Uniform�ommerc�al Cvde
<br /> as amanded fram time to time.
<br /> Sacur�ty Irrterest. Upon request by Lender, Trust�c aha�l teke whate�er action i� r�quested by Lender ta per#ect
<br /> and �ontinu� Lende�'s se�urity interest in tha Renta and Psrsonai Property. In edd�tion t� recording this Deed of
<br /> Trust in the rea� praperty re�vrds, Lend�r m�yr, at any tfime end without further autharization from Trustar, file
<br /> executed cnunterparts, copie�s or reproduGtiona of this Degd of Trust ss a �inancing stete�m�nt. Trustor sh�ll
<br /> reimburs� Lender fnr all expenaes incurred in perfe�ting or cantinuing thia aecurity inter�st, Upon da�ault, Trustor
<br /> ahall not r�mv�e, s�ver v�r detaGh the P�r�anal Pr�party fram the Prvperty. lJpvn defeult, Trustar shall assgmh�e
<br /> sny Persanal Praperty not affixed to th� Prap�rty in a m�nr��r and et a place r��svnebly con�enient to Trustor and
<br /> Lendgr and m�ke it a��ilable to Lender within three {3j days after receipt of writt�n demand �rc�m Lender tn the
<br /> extent p�rmitted by applicable iaw.
<br /> Addreasea. The mail+ng addresses n� Trust�r {debtary and Lender �secured party) from whi�h information
<br /> concerning the security interest g��nted by this De� of Trust may be ohtair�ed �e�ch as required b� the Uniform
<br /> Cvmme�cial Codey are�s stated on the first p��e a�this �eed of Tn,,st,
<br /> FURTHER A��l1RAN�ES; ATT�RNEY-INwFA�T. The follawing pravisions re��#ing ta further assuran��s and
<br /> attorneywin-#e�t�re a per�of this De�d of Trust:
<br /> Fur�er Aasu��nces. A�any time, and from time t�time, up�n request flf Lend�r, Trust�r will mak�, exe�ute and
<br /> deli�er.or will cause ta be made,executed or deli�ered.to Lende�or to Lentl�r'�deaignee, and when requested hy
<br /> Lender, cause ta be f�led, re�vrded, refiled, or rerecard�d. as#he case mey be. et such times and in such offi�es
<br /> and pleces as Lender may deem �ppropriate► any �r�d all such mortgeges� deed� af trust� security deeds, se�ur�ty
<br /> egreementa, financing statem�nts, continuation at�tements, instruments of �urtMer ��sur�n�e, certificates, end
<br /> other dvcuments as may, in the sale opinion of L�nder, he necessery or dasir�b�e in orde�ta effectuate, �omp�ete,
<br /> perfect. �a�ntinue, or p�reserv� t 1� Trustar's obli9at�ons under the Not�, this �e�d af Trust� and the Related
<br /> Documents, and �2y the liens and secu�ity inter�s�ts creat�d by this ❑eed c��Trust es firs# �n� pri�r iiens an th�
<br /> Property, whether now dwned or here�fter acquired by"frustvr. Unl�ss prah�b�ted by law ❑r L�nd�r agrees ta the
<br /> Gontr�ry in writing, Trustor shall reimburse Lender �or all �asts and expenses in�urred in connection wi�th the
<br /> matters referred t�in thi�paragraph.
<br /> Attorr���-Fact. I#Trustor fails to da any af the things referred t�in th� precedin� pera�raph, Lender may dQ sa
<br /> far and in the name af Trusttir and ax Trustor's�xpense. Far such purposes, Trustor hereby irre�ocably appaints
<br /> Lend�r as Trustor's attvrney-in-fact for the purpose o�making, exe�uting, deli�e�ing, filing, r�cording. and doing all
<br /> other things as may be n�cessary or d�sirable� �n Lender's sale opinion, to accvmplish the matters re�erred ta in
<br /> the prec�ding par�graph,
<br /> FULL RER��7RMANCE. I�Tru�toc peys al!the Ind�btednass, inc�u�ing without��mitativn��I future ad�a�nces, w►hen due,
<br /> and atherwi�� performs a!I th� [ablig�ti�ns imRosed upan Trustar under this ❑eed c�f Trust� Lender sh�l1 execute and
<br /> deli�e� to Tru�tee a request for full recvn��yan�e �r�d shell ex�cute �nd d�li�er to 1"rustor suitable statements of
<br /> #ermin�tion o� eny finencing stetement on file e�idencing Lender's se�urity interest in the Rents and the Pers�nal
<br /> Pr�p�rry. Any recan�ey�nce fes requ�red by law sh�i!be p�id by Trustnr� if permitted by applicable law.
<br /> EVENTS �F DEFAULT. Each of the faliowing, at Lender'a�Qtian, shall canstitute an E�ent of Default under this Deed
<br /> �f Trus�:
<br /> Paym�nt�]efauk. Trustar fails ta make any payment wh�n du�under the Ind�btedness.
<br /> �th�r Usfau�ts. Trust�r f�i�s #v comply with or to per�orm any ather term, ob��gat�on, c��en�nt or condition
<br /> c�ntained in this Deed of Trust or in any o� the Related L�Qcument� or #o compfy with or ta perfvrm any term,
<br /> obligat�on, co�enant or corKiition�ontained in any ather agreement between Lender and Trustar.
<br /> Comp�ti�nce De�ault. Failure �o camply with any other term, ab�igatian, co�enent or condi�ivn con�ained in this
<br /> Deed af Trust,the Note ar in any of the Re�at�d Document�.
<br /> �efault on�ther Paym�nta. F�ilure o�Trustor wi#hin th�tim�requir�� by thi�D��d�#Trust to mak�any paym�n�
<br /> f�r t�xes�r insurance�flr�ny ather paym�nt necessery to pre��nt filin�of or to effect d�scharg�vf any lien.
<br /> Defau�t in Fa►►ar af Third �art��a. Sho�u�d Grantvr defaul# und�r �ny laan. sxten�ion of credit� security agreement,
<br /> purcheae ar aales egraement� or any other�g��ement, in fe��r v�any other crgditor vr psrs�n thet m�y materially
<br /> affect any t�f Granto�'s praperty or Grantar'e ab�lity to re�ay t�e indehtedness or Gr�ntor's ebifity ta perfvrm
<br /> Grantor's abligations under this❑eed af Trust ar any of the Related Documents.
<br /> False Statements. Any warr�nty, repr�s�nt�tian �r s�atement made or furnished to Lender �y Trustar or an
<br /> Trustor's behalf under this ❑eed �f Trust or the Re�eted Docum�nts i� false or misleadir�g in any m�teri�� resp�ct.
<br /> eith�r n�w or at the time made❑r turnished Qr beGomes��lse or misleading at any t�me thereafter.
<br /> Defecti�a �ollaterali�ation. This Deed r�f Tru�t Qr any o� the Rel�ted Dacuments ceases ta b� in fufl forc� and
<br /> �ffect �in�luding fai�u�e of any colfa�eral document to cre�te a �alid and perfect�d ���urity interest vr lienf at any
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