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2� 1 ����75
<br /> DEED �F TRL�ST
<br /> ��ontinued� Pa�e 4
<br /> net proceeds ofi fihe award be applied to the lnd�bt�dness or �he �epair or restoration of �he Praperty. The net
<br /> proceeds of the award shali mean the award after payment of a�l reasonab[e cos�s, expenses, and attorneys' �ees
<br /> incurred by Trustee�r L�nder in connection wi�h the condemnation.
<br /> iMPDSITN�N �F TAXES. FEES AND CHARGES BY GUVERNiI�ENT�L AUTHDRITIE�. The following pro�isions relating
<br /> to go�ernmental taxes, fe�s and cF�ar�es are a part of�his Deed of Trust:
<br /> Current Taxes, F�es and Charges. Upon reques� by Lender, Trustar shall execute such docum�nts �n additiQn to
<br /> this Deed of T�-usfi and take wh�fie�er vth�r action is requested by Lende�-�o perf�ct and cont�nue Lender`s lien an
<br /> the fteal Praperty. Trustor shal! r�im�urse L�nder for all �ax�s, as described below, tvgether with all expenses
<br /> incurred in recordin�, perfec�ing or cantinuing �his De�d of Trust, including without limi�a�ion all taxes, �ees,
<br /> docum�ntary s�amps, and ather charges�c�r r�cording��registering this Deed o#Trus�t.
<br /> Taxes. The fallowing shafl �onstitute tax�s tv which this section applies: �1} a speei�ic tax upon this type o�
<br /> Deed of Trust or upon a!i or any par� of th� lndebtedness secur�d by th�s D�ed o�Trust; �2� a speci�ic tax �n
<br /> Trus�tor►rvhich Trustar is authorized or requ�red to dedu�t from payments vn the inde�tedness secured by this�ype
<br /> o�Deed v�Trust, �3} a�ax on�his type�f Deed of Trust chargeable against the Lender or�he hoider o�the No�e;
<br /> and �4} a spectfic t�x on ail or any portian of the Indeb�edness or on payments of principal and in�erest made by
<br /> Trustor.
<br /> 5ubsequent Taxes. If any tax to which this sec�ian app�ies is enac�ed sub�equen� to the date of this Deed of
<br /> Trust, this e�ent shall ha�e �he same e�fect as an Event ofi Defaul�, and Lender may exercise any or all a� its
<br /> a�aifab[e remedies f�r an E�ent of D�fault as prfl��ded he�ow unless Trustor �i�h�r t�� pays the tax be�ore it
<br /> becvmes delinquent, or =�� contests the tax as prav�ded abo�e in the Taxes and Liens sec�ion and deposits with
<br /> Lender�ash or a su��icient corpora�e suret�y bond vr o�her security sa�tisfiactory�o Lender.
<br /> SECURITY AGREEMENT; FINAN�ING STATEMENTS. The fo��owing pro�isians relating �o �this Deed o� Trust as a
<br /> security agreement are a�art o�#his ❑eed of Trus�:
<br /> 5ecuri�y Agreement. This instrument sh�a�l c�nstitute a Security Agreement to the extent any o� �he Property
<br /> cansti�u�es �ixtures, �nd Lender shall ha�e all of the righ#s of a secured party under the Uni�orm Commerciaf Code
<br /> as amended�rom�ime ta�im�.
<br /> 5ecurity Interes�. U�on �equest by Lend�r, Trustar shal� �ake what��er action is requested by Lender to perfect
<br /> and continue Lender"s security interest in the R�n�s and Personal Proper�y. ln add'rtian t� recording �h�s D�ed of
<br /> Trust in the real property reco�ds, Lende�• may, at any t�me and withou� #urth�r autharizatifln �rvm Trustor, �ife
<br /> exe�uted counte�-parts, copies or reprod�ctians of this Deed �f Trus� as a financ�ng sta�em�n�t. Trustor sha��
<br /> reimburse Lender for a�� expenses incurrec� in perfec�in� or�ontinuing this security interes�. Upvn defaul�, Trustor
<br /> sha11 not rema�e, se�er or detach the Personaf Property from the Pr�perty. Upon default, Trustar shall assem��e
<br /> any Personaf Prnperfiy nat affixe� �o fihe Pr�perty in a manner and a� a place reasona�ly con�en�ent tv Trus�or and
<br /> Lender and make it ��ailabie �o Lender wi�thin three {3} days a��er receipt of wri�ten d�mand �rom L�nder ta the
<br /> extent permi�ted by applicable Iaw.
<br /> Addresses. The mailing ��d�'�'S5G'S of Trustflr �debtory and Lender {secured party� frvm which in�rarmation
<br /> con�erning the security int�rest g�anted by this Deed o�Trust may be abtaEn�d teach �s required by the Uniform
<br /> �ammercial Cad�� are as sta�t�d on the fir�t page o�this Deed of Trust.
<br /> FURTHER ASSURANCE�, ATT�RNEY-IN-FA�T. The fallawing prv�isions relating to fur�h�r assurances and
<br /> at�orney-�n�fact are a part of this Deed o�Trust�
<br /> Further Assurances. At any time, and from time to tim�, upvn request af Lender, Trus�or wil� make, execu�e and
<br /> deli�er, or will causs to be mad�, �xecuted or deli�ered, to Lender or to Lender's design�e, and when requested by
<br /> Lender, cause ta be filed, recorded, re#iled, or rere�orded, as the cas� may be, at such �imes and in such officgs
<br /> and places as Lende� may deerr� appr�pri�te, any and a[I such marfigages, de�ds ❑f trusfi, securi�y d�eds, security
<br /> agreemen�s, financing statements, can���uation s�tatements, instrum�nts of #urther assuran�e, certificates, and
<br /> ather documen�ts as may, in the so�e opini�n of L�nder, be ne��ssary�r des�rable in flrder�o e�fectuate, compfe�e,
<br /> per�ect, �ant�nue, ar pr�ser�e t�y Tru�tor's obiigatians under the Note, �his Deed o� Trust, and the Re�ated
<br /> Documents, and ��} the �iens and security in��rests created by this Deed o�Trust as �irs�t and prior �iens on the
<br /> P�roperty, whether n�w owned vr hereafter acquired by Trustar. Unl�ss prohibited by I�w vr Lende� agrees to the
<br /> �antrary in writing, Trus�or shall r��mburse Lender for all c�sts and expenses incurred in c�nnection with �he
<br /> ma�ters re�erred�o in this paragraph.
<br /> A�tvrn�y-�n-Fac�. lf Trustor fails ta do anU of the things re#erred tv in the preceding paragraph, Lender may do so
<br /> far and in the name of Trust�r and at Trustor's expense. For such purposes, Trustor hereby irrevncab�y appoints
<br /> Lender as Trustor's a�ttorney-inTfact far the purp�se vf making, ex�cuting, delivering, fiiing, recarding, and dving all
<br /> other things as may be necessary or desirable, in Lender's sale opinion, to accomp�ish the matters �e��rred tv in
<br /> the preceding paragraph.
<br /> FULL PERFORtV�AN�E. If Trustor pays all the lndebtedness, including without limitation a1� ��ture ad�an�es, when due,
<br /> and othe�wise per�orms �II �he ob�i�ations imposed upan Trustar under this Deed af Trust, Lend�r shall exe�ute and
<br /> deli�er to Trustee a request f�r �uli recon�eyance and shafl execu�e and deli�er to Trus�or suitab�e statements of
<br /> termination of any �rinancing s�a�err�ent on fi[e e�idencing Lender's secur�ty in�erest in the Rents and �he Personal
<br /> Proper�y. Any reconveya�ce fee r�quired by lawv shall be paid by Trus�or, if permit��d by appli�able 1auv.
<br /> EVENTS OF DEFAULT. Each of the following, at Lender's option, shail constitute an Event af Defau�t under this Deed
<br /> o�Trus�:
<br /> Payment Defaul�. Trustor fai�s to make any payment when due under th� indebtedness.
<br /> �ther De#au�ts. Trust�r fai[s �o camply with or to perform any other terr�, obligatifln, co�enant ar candi�ion
<br /> contained in this Deed o� Trust or in any of the Fielated Docum�nts or ta c�mply vuifih ar to perfarm any �erm,
<br /> obliga�ion, cavenant vr condition eontained in any other agreemen��etween L�nder and Trustor.
<br /> Cvmpliance De#ault. Failure ta c�mp[y v�►ith any other term, obliga�ion, covenant or condition contained in this
<br /> , Deed of Trust, �he Not�or�n any of the Re�la�ed Dvcumen�ts.
<br /> Defau[t on nther Pay►ments, Fa�lure vf Tr�.�star within th�t�me required by this Deed�f Trust to mak� any payment
<br /> for taxes or insurance, or any other paym�nt necessary to pre�ent��[�ng o�or to e�fect discharge af any lien.
<br /> Default in Farror of Third Parties. Shou�d Grantor defiault under any Coan, extension af credi�, security agreement,
<br /> purchase or sales agreement. or any other agreement, in �avor o�any o�her credi�or ar person that may materialiy
<br /> affec� any of Grant�r's property or Grantor's ability to repay the Indebtedness or G�antor`s abi�ity to perfiorm
<br /> Grantvr's o���ga�tions under this Deed ❑f Trust or any af the Related D�cuments.
<br /> Fa[se Statem�nts. Any warranty, representation ar statemen� made ar furnish�� to Lender by Trustor or on
<br /> Trus�Cor's b�half und�r this �sed v�Trust or the Related [3ocuments is false or misleading in any material respect,
<br /> either n�w or a�the time made or�urnished ar hecomes fa�s�ar misleading at any time ther�after.
<br /> Defe�ti�� Colla�erali�ativn. Th�s Deed o� Trust ar any o#� the Rela�ed D�cur�ents c�ases ta be in fu�f force and
<br /> eff�ct �in�luding faiiure o� ar�y cal�ateral do��ament �v cr�a�e a vaiid and per�ected security interes�t or iien� at any
<br /> time and for any reason,
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