|
�
<br /> �' 2� 15�84�4
<br /> aEEa �F TRusT
<br /> Loan No: ��'�Z9�498 �Cont�nued� Page 5
<br /> Nv Modi�ication. Trus�vr sha[f not enter into any agreement with the holder o� any martgage, deed of trus�, ar
<br /> o�her security agreemen� which has priority o�er �his ❑eed of Trust by which �ha� agreement is modi�ied,
<br /> amended, ex�ended, vr renewed without �he prior v►rrit�en cans�nt ❑fi Lender. Trustor shall nei�her request nar
<br /> accept any�uture advan�es under any such security agreement without the privr wrififien cvnsen�of Lender.
<br /> G�NDE�IrINATI�N. The�alfowing pro�isians rela�ing to condemnation proceedings are a pa�t of#his Deed o�Trus�:
<br /> Proceedings. lf any praceeding in �ondemnatian is filed, Trus�or shall promptly notify Lender in writing, and
<br /> Trustor shall promptly take such steps as may be necessary tv defend the action and v�atain �the award. Trustar
<br /> may be�he nvm�nal par�y in such prviceeding, but Lender shali be enfiitled to participate�n#he praceeding and to be
<br /> repr�sented in �he proceeding by counsel af its awn chvice, and Trustor will deli��r ❑r cause �a be deli�ered tn
<br /> Lender such ins�truments and dvcumentativn as may be requested by Lender from fi�me �o time �o permit su�h
<br /> participation.
<br /> Applica��on vf Nst Proceeds. If all ❑r any par�af the Praperty is cvndemned by eminent dvmain �raceedings or by
<br /> any praceeding or pur�hase in lieu o�condemnation, Lender may a��ts election require�hat a�l or any por�ion af the
<br /> net proceeds of�he award be app�i�d to fihe lndebtedness or the repair vr restoration vf �he Property. The net
<br /> proceeds of the award shall mean�he award after payment❑�F all reasvnable �osts, expenses, and attorneys' fees
<br /> incurr�d by Trus�ee or Lender in �onnection with th�cvndemnati�n.
<br /> IMP�5IT��N �F TAXES. FEES AN❑ CHARGES BY GqVERNMENTAL_AUTHDRITIES. The foEEowing pra�isions relating
<br /> to ga�ernmentai taxes,fees and charges are a part of this �eed af Trust:
<br /> Current Taxes, Fees and Charges. L]pon request by Lender, Trustor shall execute such documenfis in additian fio
<br /> �his Deed o�Trust and take whate�er vther action is reques�ed by Lender tv perfec� and con�inue Lender's lien ❑n
<br /> the Real Proper�y. Trustar shall reimburse Lender for all taxes, as described beEow, �vgether wifih ali expenses
<br /> in�urred in .recvrding, per�ecting or ean�tinuing this Deed ❑� Trust, inc�uding withvut limitatian all taxes, fees,
<br /> dv�umentary stamps, and o�her charges�or recording❑�-�egis�ering this D�ed o�Trusfi.
<br /> Taxes. The �ollowing shall cons�kitute taxes to which fihis se�tivn applies: �'1 y a speciti� �ax upon �his type of
<br /> Deed of Trus� vr upon all ❑r any part a�the Indeb�edness secur�d by�his Deed of Trust; �2� a speci�ic tax on
<br /> Trustor which Trus�vr is aufihori�ed or required to deduct from paymen�s on�he Indebtedness se�ured by this�ype
<br /> o�Deed vf Trust; �3} a tax�n this#ype of Deed of Trusfi chargeable against�he Lender vr�he h�lder af the Na�e;
<br /> and t4} a speci�i��ax on all or any portion vf fihe lndebtedness ❑r on paymen�s a�principal and interest made by
<br /> Trustor.
<br /> 5uhsequent Taxes, �� any �ax ta which �his sectivn applies is enacted subsequent to the dafie o� this ❑eed o�f
<br /> Trust, this e�ent shall ha�e the same e��ect as an E�ent of ❑efault, and Lender may exer�ise any or all of its
<br /> a�airable remedies �or an E�ent of De�ault as pro�ided below unless Trustor either �'�} pays �he �ax be�Fore it
<br /> becomes delinquent, vr {2y confiests the tax as praWided abo�e �n fihe Taxes and Liens section and depvsits with
<br /> Lender cash vr a sufficien�corpora�e sure�y bond or o�her security satEsfac�ory t❑ Lend�r.
<br /> SECURITY AGREEMENT; F�NANCING STATEMENTS. The fal�vwing pra�isions relating to this ❑eed ❑f Trust as a
<br /> se�urity agreement are a part of�his ❑eed v�Trust:
<br /> 5ecurity Agreement. This instrument shaE! �vnstf�tute a 5ecurity Agreement tv the extent any of the Proper�y
<br /> constitutes fiixtures, and Lender shall ha�e aIE af the rights of a secured party under the LJniform Cvmmercial Cade
<br /> as amended�ram time�o�ime. .
<br /> Securi�y In�erest. Up�n request by Lender, Trustor shall take whate�er ac�ion is requested by Lender �ko perfec�t
<br /> and cantinue Lender's security �n�erest in the Ren#s and Personai Praperty. !n addi�ion �o recarding this Deed vf
<br /> Trus� in the real property records, Lender may, at any time and withou� �urther authorizatEon from Trustar, file
<br /> execu�ed caunterpar'ts, copies or repraductivns ❑fi this ❑eed o� Trust as a �inancing statement. Trustvr shali
<br /> reimburse Lender for all expenses incurred in p�rfecting ar con�inuing this security interest. Upon default� Trus�ar
<br /> shall nat remo�e, seWer ❑r defiach �he Personal Proper�y from �he P�rope�ty. Upvn de�ault, Trus�or shall assemble
<br /> any Persvnal Property no� affixed ta the P�-operty in a manner and at a place reasonably cvn�enien�to Trustor and
<br /> Lender and make i� a�ailable t� Lender w�thin �hree 43� days afte�- receipt of written demand fram Lender to the
<br /> exten�pe�-mitted by applicab�e law.
<br /> Addresses. The mailing addresses �� Trus�or �deb�o�-} and Lender �secured party} from which information
<br /> concerning the security in�teresfi granfied i�y this Deed o�F Trust may be abta�ned teach,as required by the Unifvrm
<br /> Commercia! Cade} are as sta�ed on the firs�page❑f�his Deed af Trust.
<br /> FVRTHER A55URANCES; ATTDRNEY�IN�FACT. The �v��awing pro�isions relating �o �urther assurances and
<br /> � a��o�-ney--in-fa�t are a part of�his Deed o�Trust: ,
<br /> Further Assuran�es. At any time, and �from time•to time, upon request❑� Lender, Trustor will make, exe�ute and
<br /> deliver, ar wil� cause to be made, executed ❑r deli�ered,to Lender❑r�o Lender's designee, and when requested by
<br /> Lender, cause �o he filed, rec�rded, refiled, ar rerecorded, as the case may be, a� such �imes and in su�h o�fices
<br /> and p�ac�s as Lender may deem appropriate, any and a�E su�h mvrtgages, deeds of�rus�, security deeds, security
<br /> agre�ments, financing s�a�ements, continuat�nn s�a�emen�ks, instruments of further assurance, certificates, and
<br /> other documents as may, in�khe sole ❑pinion o� Lender, be necessary or desE�able in ❑rder�o e��ectuate, compiete,
<br /> per�ec�, con�inue, or p�reser�e {1� Trus�or's obli�atians under �he Note, �his aeed o� Trus�, and �he Rela�ted
<br />
|