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2� 1 ���43�
<br /> DEE[� C]F TRU�T
<br /> �Cvntinued� Page 4
<br /> any pro�e�ding or purchase in lieu of cvndemnativn, Lender may at its ele�tifln requir�that a�l or any porti�n of the
<br /> net pro�eeds vfi the award be appiied tv the lndel�tedness ar the repair ar restoration of the Praper�y. The net
<br /> pr��eeds of the award shafl mean the avuard aft�r paym�n� o�a�l reasonab�e �osts, expenses, and at�vrneys' �ees
<br /> in�urred by Trustee ar Lender in connecti�n with the candemnatian.
<br />_ IMP�SITI�N �F TAaCES. FEES AND CHARGES BY G�VERNN[ENTAL AUTHDRITIES. The following pra�isi�ns r�lating
<br /> �o go�ernmental�axes, €ees and charges are a part❑f this Deed vfi Trust:
<br /> Curr�n't Taxes, F�ss and Charges. Upon request by Lender, Trustor shall execu�e such doGuments in addi�ion to
<br /> this Deed of Trust and take what��er other aGtian is reques�ed �y Lender ta perfect and continue Lender`s �i�n �n
<br /> the Reaf Property. Trustar shall reimburse L�nder fiar a11 tax�s, as described below, tvgether with all expenses
<br /> in�urred in recording, perfecting or can�inuing this Deed of T�ust, inc{uding wi�hout limita�ian ai� taxes, fees,
<br /> dacumen�ary stamps, and ather charges for recording or registering this Deed of Trust.
<br /> Tax�s. The �vllowin� shall cvnstitu�e �axes to which this seG�ion appiies: {'i y a speci�ic tax upon this type of
<br /> Deed vf Trust or upvn a[f �r any part of the lndehfiedn�ss secur�d by this Deed of Trust; ��� a speci�ic �tax vn
<br /> Trustor►►vhich Trus�ar is authori�ed or required tv deduct fram paymen�s an th� Indebtedness seGured hy this�ype
<br /> v�De�d o�Trus�; �3� a tax on this type of ❑eed of T�ust chargeable agains�the Lender vr the holder o#�he No�e;
<br /> and �4� a sp�cific tax on all or any portion of the Indebtedness or on payments o�principal and in�erest made by
<br /> Trustor.
<br /> Suhsequent Taxes. If any tax to which this �ection applies is enac�ted subsequent �o the date of this �eed af
<br /> Trust, this e��nt shafl ha�e fihe same e#�ect as an Event ofi De�ault, and Lender may exercise any or a1� of its
<br /> a�ailabie remedies fior an E�ent of Default as pro�ided below unless Trus��r ei�her �1� pays th� tax befvre ifi
<br /> becomes delinquent, or �2� cvntests the tax as prv�ided aba�e in the Taxes and Liens sec�ion and deposits wi�kh
<br /> Lender cash vr a sufficient carparate surety�and or a�ther security sa�is�actory to Lend�r.
<br /> SECURtTY AGREEMENT: FINANCING aTATEMENTS. The fiollowing pra�isions rela�ting to this Deed o� Trus� as a
<br /> s�curity agreement are a par�vf this Deed of Trust:
<br /> Security Agreement. This instrument shall consfiitut� a S�curity Agre�ment to the extent any of th� Property
<br /> �onsti�u�es fixtures, and Lender sha�f ha�e all o�f the rights ofi a se�ured party under the Uni��rm Commercial Code
<br /> as�mended fram time t�time.
<br /> 5scur�ty infierest. LJpon request by Lend�r, Trustor shali tak� whate�er action �s r�quested by Lender to p�rfect
<br /> and cvntinue Lender's s�curity interest in the Rents and Personaf Property. [n additivn to �-ec�rding this �eed of
<br /> Trust in the real praper�y r�c�rds, Lender may, at any �ime and with�ut fiurther au�hori�a�ion �rom Trustar, file
<br /> exe�uted caunterparts, capies vr repraductions vfi this Deed of Trust as a financing s�tatement. Trustar shatf
<br /> reimburse Lende� for all expenses incurred in per�ecting or�onti�uing th�s s�curi�y inter�st. �pon default, Trustor
<br /> shall nvt remo��, sev�r or detach the Persvnal Praperty �rom the Property. lJpon de�rault, Trustor shall assemb�e
<br /> any Persvna[ Prvperfiy nat affixed to the Property in a manner ar�d a�a place reasanab�y con�enienfi to Trustor and
<br /> Lender and make Ft a�a�[able to Lender within three �3� days after receipt vf v►rritten demand �rvm L�nder ta the
<br /> extent permitted by applicable law.
<br /> Addresses. The mailing addr�ss�s of Trustar �de�tary and Lender �se�ured party� firam which infarmativn
<br /> cancerning th� security interest granted by this Deed af Trust may be o�tained �each as required t�y the Unifvrm
<br /> Commer�ial Cvde� are as sta�ed vn the first page o�f this Deed vf Trust.
<br /> FURTHE� ASSURAIVCES; ATT[]RNEY-�N-FA�T. The following pro�isiQns relating to further assurances and
<br /> att�rney-in-fact are a part of this Deed af Trust:
<br /> Further Assuran�es. At any�time, and �ram tim� �o time, upan requ�st �f Lender, Trus�Qr will make, ex�cute and
<br /> deliver, or w�[f caus�to be made, execut�d or deli�ered,t� Lender or ta Lender's design�e, and when requested by
<br /> Lender, �ause to be fi[ed, recorded. refiiled, ❑r re�ecorded, as the case may be, at su�h times and in such a#fi�es
<br /> and pla�es as Lender may deem apprvpriate, any and ali such mvrtgages, deeds af trus�, security deeds, se�uri�y
<br /> agr��ments, �inancing statements, continuativn statements, instrumen�s o� further assu�ance, cer�ificates, and
<br /> other documents as may, in the sol� �pinion of Lender, he n��essary or desirable in vrder ta��f�ctua�e, camplete,
<br /> p�rfect, cont�nue, ❑r preser�e �1} T�ustor's vbliga�ions under �he Note, this Deed of Trust, and the Related
<br /> Documents, and ��� the �iens and security interests created by this Deed of T�-ust as fiirs� and prior liens on the
<br /> Praperty, whe�her now owned or herea��er acquired i�y Trustor. Unfess prohibited by law or Lender agr�es ta the
<br /> cvntrary in wri�ing, Trus�ar shall reimburse Lender #or all cvsts and expenses incurred in cannectian �vith the
<br /> ma�ters referred to in this paragraph.
<br /> Attarn�y-inWFac�. If Trustor fails to do any ofi'the things referred to in the preceding paragraph, Lender may da so
<br /> for and in the name of Trustor and at Trus�or's expens�. For such purposes, Trustor hereby irrevo�ably appoints
<br /> Lender as Trustor's a�torney-in-fact�vr the purpas� vf making, execu�ing, deli�ering, �iling, recvrding, and daing all
<br /> ather things as may �e necessary or desirable, in Lender's sole vpinion, to accamplish �he matters referred to in
<br /> th� preceding paragraph.
<br /> FULL PERF�RN{ANCE. If Trustor pays ail the Indebtedness, including with�ut limi�atian all futur� advances, when due,
<br /> and vtherwise per�fvrms all �h� a�ligatians imposed upvn Trustv�- under th�s Deed of Trust, Lender shall execute and
<br /> d�li�er t❑ Trustee a request far �ull re�on�eyanc� and shall ex�cute and de�i�er to T�ustor sui�abl� sta�ements af
<br /> termination v�r any financing s�at�ment an file e�idencing Lender`s security interest in the Rents and the Persvnai
<br /> Property. Any recon�eyance fee required by law shall �� paid by Trustar, if pe�mitted by applicable law.
<br /> EVENTS ❑F ❑EFAULT. Ea�h of the fa�iowing, at L�nder's option, shall consti�u�e an E�ent of Defiault under th�s T�eed
<br /> o�f Trust:
<br /> Payment De�fauit. Trus�kar tails to make any payment when due under the Indebtedness.
<br /> []ther De#aul�s. Trustor �rails t� comply with or to perfarm any athe� term, obligation, correnant �r Ganditian
<br /> contained in this Deed of Trust ar in any �� th� Related aocuments or tv comply uvith or to per#vrm any t�rm,
<br /> vbligation, co�enant vr condition �antained in any�ther agreem�nt�e�ween Lender and Trustor.
<br /> Corr�pliance De�ault. Failure �o c�mply with any other term, obliga�ionr co�enant ar conditian Gontained in this
<br /> Deed vf Trust,the Nate or in any❑f�the R�la�ed Dvcuments.
<br /> D�fau�t on�ther Payments. Failure vf Trustor within the time �equired by�his Deed af Trust to make any payment
<br /> far taxes or insurance, or any other payment necessary�v pre�ent filing af ar�o����ct discharg�o�any lien.
<br /> Default in Favor❑f Third Parties. Shvuld Grantor default under any I�an, �xtension o'f credit, security agreement,
<br /> pur�has� or sales agr�ement, vr any vthe� agreement� in fa�ar of any other creditar ar persvn that may ma�eriafly
<br /> affec� any of Grantor's property or Grantvr's a�ifity to repay the lndebtedness or Grant�r's ahility t� perform
<br /> �rantor's�bligations under this Deed�f Trust ar any ot the Related Documents.
<br /> Fa�se Statements. Any warran�y, rep�esentation ar statement made ❑r furnished to Lender by Trus�or or on
<br /> Trustar's beha�f under this Deed af Trust or the Related Docum�nts is �alse or misieading in any ma#erial resp�ct,
<br /> either now or at�he time made or furn�shed�r beGomes false ar misleading at any time thereaf�er.
<br /> Defe�ti�e Collatexalizativn. This Deed af Trust or any of the Refated ❑ocumen�s Geases t� be in �ull �or�e and
<br /> e�fect �including faE�ure of any calla�eral document to crea�e a �alid and perfected secur�ty interest or 1ien� at any
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