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2� 15�8171
<br /> �EE� �F TRU��
<br /> .
<br /> Loan No: �'IDD�573 �Cont��lue Page 4
<br /> �MP�SITI�N DF T�4)CES, FEES AIVD CHARGES BY G�VERN111[ENTAL AUTHOR�T[ES. The following pro�isions rela�ing
<br /> to go�ernmental��xes,fees and charges are a part o�this Deed o�Trust:
<br /> . Curren�Taxes, Fees and Gharges. llpan request by �.ender, Trustar shall execute such documents in addit�on to
<br /> �his Deed of Trust and take whatever other a.ct�on is requ�s�e� by Lender ta perfiec�and �on�inue L�nder's �Een an
<br /> the Rea[ Proper�y. Trustor shall re�m�urse Lender �or all �axes, as described helow, togeth�r with all expenses
<br /> incurred in recording, perfec�ing or continuing this Deed o� Trust, including �rvithout limitati�n a�l taxes, fees,
<br /> documentary s�amps, and other charg�s�or recording ar registering this Deed vf Trus�.
<br /> Tax�s. The fQllvwing sha[l const�tute �axes to which this section app�ies: �'[� a specific tax upon this type �f
<br /> De�d o-�T�-ust vr upon al� or any part o�the �ndeb�edness secured by fhis Deed ��Trust; t�} a specr�Fic tax on
<br /> T�ustor which Trustor is authorized or required to deduc�from payments�n the Indebtedness secured by this type
<br /> o�Deed a�Trusf; {3} a tax on this type o�❑eed o�Trust chargeab[e agains�the Lender or the holder vf the Note;
<br /> and �4} a specific tax on a[[ or any portion o�the lndebtedness or on paym�nts o�F principal and infierest made by
<br /> Trustor.
<br /> Subsequent T�xes. �f any �ax to which this section app[�es is enacted subsequen-t tv the date af-�his Deed of
<br /> Trust, this event shall have the same effec� as an Event a� De�ault, and Lender may exercEse any ar all of its
<br /> avai[ab[e remedi�s far an E�ent o� D�f�u[� as pro�id�d below unless Trustor either �'�} pays the fiax be�ore it
<br /> becomes d�finquent, or t�} �on�es�s �he tax as pr-o�ided abo�e in�he T�xes and Liens section and depos�ts wi-th
<br /> Lende�cash or a su���cient corporate surety bond ar other securi�y sa�isfactvey to Lender.
<br /> SECURITY AGREEiI�lENT; FINANCIN� STATEMEN�S. The following pro�isivns relating to this Deed of Trust as a
<br /> security agreemen�are a part of this Deed of Trust:
<br /> Security Agreement. This instrument shall constitute a Security Agreemenfi to the e�ten� any of the Property
<br /> consti-�u�es fsxtu�es, and Lender shai,t haWe all of the rights of a secured par�y under�he �1ni�arm Commerc�a� Code
<br /> as amended from time�o�ime.
<br /> Securi�r ln�ere�t. Upon request by Lender, T�ustor shall take whate�er acti�n is requested by Lender to perfect
<br /> and continue Lender's security interes� in the Ren�s and Persona� Property. ln additi�n to recording this Deed of
<br /> Trust in �he real property records, Lender may, at any time and withaut fur�her au�horizativn �From Trustvr, fiile
<br /> �xecuted count�rpar�ts, copEes �r reproductions o�F �his Deed of Trust as a financing sta�ement. Trustor sha!!.
<br /> reEmburs� L�nder for al[ �xpenses incurred in perfect�n.g or continuing this security in�erest. Upvn defaul�,Trustar
<br /> shall not rerna�e, se�er or detach the Personal Proper�ty fram th� Praper�ty. Upon defiau[t, Trust�r shall assemb[e
<br /> any Persona[ Praperty not afifixed to�he Property in a manne�and a�a place reasonahly convenient tv Trus�tor and.
<br /> Lende� and m�ke it a�ai[ab[e to Lender wi�hin th��� �3} days after receipt of written demand from Lender to the
<br /> ext�nt permit-�ed by applicable law.
<br /> Addresses. The mailing addresses of Trusto� {debtor} and Lender �secured party} �ram rrvhich informa�ion
<br /> concerning the security int�rest granted by �his ❑eed o�Trus� may be abtained �each as required by the Uni€arm
<br /> Commercial Code� are as stated on the�irst page o�this Deed of Trust.
<br /> FURTHER A55U�ANCES; ATTDRIIIEY-�N�1�A�T, The fo[Iowing provisions �-elating �o #urther assurances and
<br /> attorn�y-in-�Fact are a part of�his Deed of Trust:
<br /> Furth�r►4ssuraraces. At any time, and fram time to time, upon reques�v� Lende�, Trusto�wi[[ make, �xecute and
<br /> deli�er, o�will cause�o be made,executed or de[i�ered,to Lender or t� Lender's des�gnee, and when requ�sted by
<br /> Lender, cause �o be filed, ��co�ded, refiled; �r rereeorded, as the case may be, at such times and in such vi�ices
<br /> and piaces as Lender may deem appropria�e. any and a[[ such mvrtgages, deed:s of trust, securi�ty deeds, se�urity
<br /> agreemen�s, �inancing sta�ements, continuatiQn sta�ements, instruments o� fur�her assurance, certi�icat�s, and
<br /> a�her docurn�nts as may, in�he soie opEnian of Lender, be necessa.ry or desirable in order to e�ec�uate, comple'�er
<br /> perfec�, cantinue, or preser�e t1� Trus�or`s vb[igations under �he Nvte, this Deed o� Trus�; and the R�lated
<br /> Documents, ar+d t2} the liens and security interests created by�his Deed o�Trust as first and prio.� liens on�he
<br /> Property, whether now vwned ar hereafker acquired by Trustor. LJnfess prohibi�ed by [aw or Lender agrees t� the
<br /> contrary in writing, Trustor sha[[ reirnburse Lender for all costs and expenses incurr�d En c�nne�tion with �he
<br /> matters referred to in this paragraph. �
<br /> At�orney-in-Fact. [�F Trus�tor fails to do any of the�hings referred to in the preceding paragraph, Lender may d� so
<br /> for and in the name vf Trust�r and at Trus�or's expense. For such purposes, Trus�or herehy irre�ocahly appoints
<br /> Lender as Trustor's attvrney-in-�act for the purpase of making, executingf deEi�ering. fi{ing, recvrding, and doing all
<br /> �ther things as may be necessary or desirable, �n Lender's sole opinion, to accomplish �he matters re�erred to in
<br /> the precedi.ng paragraph. .
<br /> FULL PERFDRMANCE. !f T�usto�r pays afl �he lndebtedness, �ncluding withouf limitafiivn al[ �utur� advances, when due,
<br /> and otherwise pe�r�Forms a11 the ob[igations imposec� upon Trusfo� under �his Deed o� Trust, Lend�r shal! execute and
<br /> deli�er to T�ustee a request for �Full recon�eyance and shall execute ar+d de�i�e.r �v Trus�or sui�able statements o€
<br /> termination af any financing s�atement on -�ile e�idencing L�nder's security in�eres� in the �.ents and th� Pe.rsonal
<br /> Prvper�y. Any recon�eyance fee required by law shall be pa�d �y T�ustor, if permit�ed by applicable law.
<br /> EVENTS DF D�FAULT. Each of the following, a� Lender's option, shal� canstitut� an E�ent fl� Defau[t under this Deed
<br /> of Trus�:
<br /> Payrnent Defac�lt. Trustar fai[s ta make any payment when due under the lndebtedness.
<br /> a�her Defaul�s. Trustvr �a�[s to comply with or t� pe��orm any other �erm, obligationr co�enant or condition
<br /> contain�d in this Deed o� Trus� ar in any o� fihe Rela�ed Documents or to comply wr�h o� to per�orm any �erm,
<br /> ob[igation�covenant or condition�ontained in any other agreement befiween Lende�and Trust�r.
<br /> CompIian�e Default. Failure to cvmp[y witf� any v�her term, ob[igatian, �v�enant ar condit�on contained in this
<br /> Deed af Trus�,the Note vr in any af the Re[a�ed Dvcumen�s.
<br /> Defa�I�on ����r Payments. Failure of Trustvr within the�ime required by this Deed of Trust to make �ny payment
<br /> fvr taxes or insuranc�,or any❑ther paymenfi necessary to pre�ent�filing of vr to e��ect discharge of any lien.
<br /> Defaui� in Favor of Third Parties. 5hou[d Grant�r de�ault under any loan, extension of credit, security agreem�nt,
<br /> purchase or sa[�s agreement, or�ny other agreement, in €a��r of any other creditor or pe�son that may mate�ially
<br /> afFect any of Grantor's property or Grantor`s abi[i�ty to repay the [ndebtedness or G�antor's abili�y �o perForm
<br /> Grantor's ab[igations under this Deed o�Trust or any of the Rela�ed Documents.
<br /> FaIse 5tatememts. Any warranty, repr�sentation �r statement made vr �Furn�shed to Lender by Trustor or vn
<br /> Trustor's b�ha�� under this �eed of Trust or the Refated Documents is fa[se or rnis[eading in any materia� respsct,
<br /> �ither naw ar at the time made vr furnished or becvmes fafse or misleading at any time thereafter.
<br /> ❑efecti�e Cvliatera[iza�ivn. This Deed af Trust �r any of the F�elated Do�umen�s ceases to be in fuli �rorGe and
<br /> efFec� �inc[uding -�ailure af any collafieral document to create a �alid and per�ected security interest vr Iien}� at any
<br /> -�ime and for any reason.
<br /> �eath or Insolv�ency. The death o�Trustor,the ins�i�ency of Trustor,the appvintment of a re�ei�er far any part af
<br /> Trustor`s properry, any assignmen� �or the benefi� o� creditvrs, any type �f Creditor workout, or the
<br /> commencemer�t of any pro�eeding under any hankruptGy or insalvency laws by or agains�Tr-ustvr.
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