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2� 15�8444
<br /> DEED �F TRUST
<br /> �Cvntinued� Page 5
<br /> Application vf Net Pra�eeds. If alI vr any part of the Property is oandemned by eminent domain proveedings ar by
<br /> any prov�ding or purchase in lieu vf candemna�ion, Lender may at i�s election r�quire that a[I or any pvrtion of the
<br /> net prooeeds vf the awa rd be appl ied to the I ndeb�ed ness vr the repai r or restorati on af the Property. The n�t
<br /> praveeds af th�award shail mean the award a�er payment vf alf reasonabie costs, e�enses, and attameys' fees
<br /> incurred by Trustee or Lender in ovnnec�ion with the condemnatian.
<br /> IMPaSITI�N �F TAXES, FEES AND CHARGES BY��VERNMENTAL AUTH�RITIES. The fallowin� pro�isi�ns relating
<br /> to go�ernmental taxes,�ees and charges are a pa�❑f this D�ed�f Trus�:
<br /> Current Taxes, Fees and Charges. Upon request by Lender, Trustor shaEE execute such dacuments in addition to
<br /> this Deed of Trust and take whatever vther action is requested by Lender ta perFect and continue Lender's lien vn
<br /> #he Real Property. Trusfior shall reimburse Lender for al� taxes, as desc�ibed be�ow, �vgether with aIl expenses
<br /> in�urred in recording, perfecting ❑r con#inuing th�s D�ed of Trust, including wifhouf limitatian a!� #axes, �ees,
<br /> documentary s�amps, and other charges for recording or regisfering this�eed of Trus�.
<br /> Taxes. The fol[owing shall cvnstitute taxes to whi�h this section app�ies: ��} a spe�ific �ax upan th�s type �f
<br /> Deed of Trust ar upvn all or any part of the �ndebtedness secured by this Deed of Trust; ��} a specific tax on
<br /> Barrower which Barrowe�is authvrized or requir�d ta deduct�rom payments on the Indebtedness secured hy this
<br /> typ� of Deed of Trust; (3� a tax an this type af❑eed af Trust chargeahle �gainst the Lender or the haider❑f the
<br /> Not�; and �4} a specifc tax an all ar any portian��f the Indebtedness or on payments of prin�ipal and interes#
<br /> made by 6arrawer.
<br /> Subsequent Taxes. �f any tax ta which this sect��n applies is enacted subsequent ta the dat� of this Deed of
<br /> Trust, �his e�ent sha�l ha�e the same effect as an E�ner� of flefault, and Lender may exer�ise any or al! o� its
<br /> a�aifable r�medies for an E�ner-rt af Default as pro�ided below unl�ss Trustor either {1} pays the fax f�efo�e it
<br /> beoomes delinquerrt, vr ��} �ontests the tax as prvrrided aba�e in the Taxes and Liens sec�ion and deposif,s with
<br /> Lender�ash or a su�Ficient carpvrate surety bond or other security satisfactory�o Lender.
<br /> SE�UR�TY AGREEMENT; FINANGING STATEMENT�. The follvwing provisions �elating ta th�s ❑eed af T�us# as a
<br /> security agreement are a part of this Deed of Trus#:
<br /> Security Agreement. This instrument shall constitute a 5ecur�ty Agre�ment �o the ex�ent any of the Property
<br /> �onstitutes fixtures, and Lender shall ha�e a!!of the rights vt a se�ured party under the Uniform Cvmmercial Code
<br /> as amended from time ta time.
<br /> Security int�rest. Upon reques� by Lender, Trus#or shall take whatever actEon is requested by Lender to pertecf
<br /> and continu� Lender's se�urity interest in the Rents and Personal Property. In additi�n to re�ording this �eed �f
<br /> Trust in the rea� prvperty records, Lender may, at any time and without further authorization from Trustor, file
<br /> executed counte�pa�s, �opies or reproductians of this Deed of Trust as a financing sta�ement. T�ustor shail
<br /> reimburse Lender for a!I expenses incurred En pertec�ing �r�ontinuing this se�urity interest. Upon de�'ault, Trustor
<br /> shall not remove, seve�or de�ach the Persvnal Rroperty from the Property. Upvn default, Trustor shall ass�mble
<br /> any Personal Praperty not a�fixed tv the Property in a manner and at a plac�reasonably can�eni�nt�a Trustor and
<br /> Lender and make it availabie to Lender within three �3} days a�#er receip� of written demand �rom Lender t� the
<br /> extent permitted by app�icable law.
<br /> Adtlresses. The mailing addr�sses of Trustvr �debtor} and Lender (secured party} from vuhich informa#ivn
<br /> concerning the security interest granted hy this Deed ❑f Trus#may be obtained �each as required by the Uniform
<br /> Commerc�al Code}are as stated on the first page of this Deed of Trus�.
<br /> Fl1RTHER ASSURANCES; ATTDRNEY-�N-FACT. The fvllawing prQvisians relating ta �u�her assurances and
<br /> attorney-in-fa�t are a part of this Deed af Trust:
<br /> F u rthe r Ass u ra n ces. At any ti me, and frvm ti me to#i me, upon request of L�nder,Trustor wi�� make, execute and
<br /> delirrer,or will cau�e ta he made,exea.rted or deli�ered,to�ender or to Lender's designee,and wh�n regues�ed by
<br /> Lender, cause tv be fi l ed, reoa-ded, ref�led, or rereoarded, a�the case may be, at such ti mes and i n such affi�es
<br /> and plaoes�Lender may deem appropriate, any and al�such mortgages, deeds vf t�ust, security deeds,security
<br /> ag�eemer�ts, finarxx:ing s�atemen�s, cantinuation statemen�s, instrumerrts of further assuranoe, oe�tificates, and
<br /> vthe�documents as may, in the sale opinion of L�rx�er, be neoessary or desirable in arder to efFec�uate,vomplete,
<br /> perFect, c�o�-rti nue, or preserve t'I} Borrawer's and Trustvr s obl i gations under the Nvte, thi s Deed of Trust, and
<br /> the Relaited Doc�.rmer�ts,and [2} the liens and security ir�terests crea�ted by this Deed of Trust an the Praperty,
<br /> whether nvw awned vr hereaf�er ac�quired by Trustar. Unles.s prohibited by[aw ar Lender agrees to the t,antrary in
<br /> writing,Trustor shall reimhurse Lender for a[I cvsf�and e�enses incurre�!in connec�ian with the matters�eferred
<br /> tv i n thi s paragraph.
<br /> Attorney-in-Fa�t. If Trustor fails tv da any of the i�hings re�erred to in tne preveding paragraph, Lerx�er may dv so
<br /> f�r and in the name of Trustor and at Trusfor's expense. For such pu�pases, Trustor hereby irre�vcably appvinfs
<br /> Lender as Trustor's attorney-in-�act fvr the purpose ot making,executing, deii�ering,filing, recording, and doing all
<br /> other thi ngs as may be necessary o�desi rable, in Lenders sole opi nion, tv acovmp�ish the matters re�er�ed to i n
<br /> the preoeding paragraph.
<br /> FULL PERF�R�IANCE. lf Borrower and Trustar pay a�l the �ndebtedness, inc�uding wi�hout limitafion all future
<br /> advanves,►n►hen due,ar�d Trustor otherwEse performs alf fhe obliga�ivns impc�sed upon Trustvr und�r�his Deed�f Trust,
<br /> Lender shall execute and deli�er to Trustee a request fvr�ull recon�eyanQe and shall execute and deli�er to Trustor
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