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2� 1 �� 14� 1
<br /> DEED []F TRUST
<br /> �Continu�d} Page 4
<br /> pa�t�cipation.
<br /> Appli�a�ion o�Net Prv�eeds. �f all or any part❑f the Property is cond�mned by eminent domain proceedings or �y
<br /> any prv�eeding or purchase in lieu af condemnation, Lender may at its election require that all or any portion o�the
<br /> ne� pro�eeds of �he award be applied ta the lndebtedness or the repair ar restorat�on of the Properfiy. The net
<br /> prviceeds af the award shall mean the award after paymen�of all reasonable costs, expenses, and a��orneys' fees
<br /> incurred hy Trustee or Lender in�onnecfiion wi�h�he�vndemnatian.
<br /> fMPa51TI�N �F TAXES, FEES AND CHARGES BY GQVERNMENTAL AUTHORITfES. The �vflowing provisians relating
<br /> to go�ernmenta[taxes, �ees and charges are a pa�t o�this Deed of Trust:
<br /> Current Taxes. Fees and Charges. Upon request hy Lend�r, Trustor shali ex�cute suGh documents in addi�ion ta
<br /> this Deed of Trus#and take whate��r other action is r��uested by Lend�r to per�e�t and continue Lender's [ien an
<br /> the Real Prvper�y. Trus�ar shall reimburse Lender �or all taxes, as described below, tagethe� vuith all expenses
<br /> incu�red in recording, perfec�ing ar con�inuing this Deed of Trust, including withaut limitation all taxes, fees,
<br /> documentary stamps, and other char�es for recording or registering this Deed of Trust.
<br /> Taxes. The �o[[Qwing shall �onstitute taxes ta which this section appl�es: t 1� a spe�ific �ax upon this type of
<br /> Deed of Trust or upon aif or any part v��he �ndebt�dn�ss secured by �his Deed af Trust; {�� a spec�fi� tax �n
<br /> Trus�or which Trustor is au�harized or required ta deduct from payments on the Indebt�dness secured by this type
<br /> of Deed of Trus�; 43� a tax vn this type af ❑eed of Trust�hargeable against the L�nd�r ar�he holder of the Nate;
<br /> and �4} a spe�ific tax on all ar any portion of the Indebtedness or an payments of principa� and interes� made by
<br /> Trustor.
<br /> Su�sequent Taxes. ff any �ax t� which this section app[ies is enact�d subsequent ta the date of this Deed vf
<br /> Trust, �his e�ent shall ha�e the same effec� as an E�en� of Defaul�, and Lend�r may exercise any vr all ❑f �ts
<br /> a�ailable r�medies #ar an E�ent of ❑efault as pro�ided below unless Trus�vr ei�her �1� pays the tax before it
<br /> becomes delinquent, �r �2� confests the tax as pro�ided abo�e in the Taxes and Liens secti�n and deposits with
<br /> L�nder cash or a su��icient corporate surefiy bond or other security satis#actory fio Lender.
<br /> SE�URITY AGREEMENT; FINANCING STATEMEIVTS, Th� foffowing pro�isivns re�a�ing to this Deed of Trust as a
<br /> security agreemen�are a par�of�his Deed o�Trust:
<br /> SQ�urEty Agreement. This inst�ument shall constitute a 5ecurity Agreement �o the extent any of �he Prvper�y
<br /> constitutes fixtu�es, and Lender sha�� ha�e ai� o#the ��ghts o�a secured party under fihe Uniform C�mmercial Cade
<br /> as amended from time to time.
<br /> 5ecurity tn#erest. Upan reques� hy Lender, Trustar shall take wha�te�er a�tion is requ�st�d �y Lender �o per��ct
<br /> and cant�nue Lender's security int�rest in rhe Rents and Persanal Property. fn addi�ion to r�cording this Deed of
<br /> Trust in the rea[ property records, L�nder may, at any time and w�thout �urther authori�atian from Trustor, fiile
<br /> exeGuted counterparts, copies or reproductions af this ❑�ed af Trust as a financing statement. Trustor shall
<br /> reiml�urse Lender�or all expenses €n�urred in perfec-�ing or con�inuing this security int�rest. Llpon default, Trusto�
<br /> sha�� not remo�e, se�er �r detach the Persanal Property fram the Property. Upon default, Trustar sha�l assemble
<br /> any Personaf Property not a'�fixed to the Praper�y in a manner and at a place r�asona�ly con�enient to Trustor and
<br /> Lender and make it a�aifahle to Lend�r within three �3f days after receipt o� written �emand �rom Lend�r to the
<br /> ex�en�permitted by applicable faw.
<br /> Addresses. The mailing addresses of Trustar �deb�or� and Lender 4secured party� fram ►nrhich infvrmation
<br /> concerning the securi�y in�erest gran�ed by this Deed o� Trust may be obtained {each as required by the lJniform
<br /> Comm�rcia[ C�de} are as stated on�he#irst page o�this Deed v�Trust.
<br /> FURTHER ASSURANCES: ATTDRNEY-IN-FACT. The fa[fow�ng pro�isi�ns relating ta further assurances and
<br /> a�tarney-in-fac�are a part af this �eed �f Trust:
<br /> Fur�her Assurances. A�any time, and from time to time, upon reques��f Lender, Trustor wifl make, execute and
<br /> de�i�er, or wiil caus�to be made, ex�cuted ar del��ered, to Lender or to Lender's designee, and wh�n rsqu�s�ed by
<br /> Lender, cause to �e fi�ed, record�d, re���ed, or rerecorded, as the case may be, at such times and in such o�#i�es
<br /> and places as Lender may deem appr�priate, any and all such martgages, deeds of trust, se�urity deeds, security
<br /> agreem�n�s, finan�ing sta�ements, �ontinua�ion s�atemen�s, ins�ruments ofi further assurance, certificates, and
<br /> other dacuments as may, in the sole opinion vfi Lender, be ne�essary or desirable in order ta effectuate, �omplete,
<br /> perfecfi, continu�, or pr�ser�e �1} Trustar's obligati�ns under the Note, this Deed of Trust, and �h� Related
<br /> ❑ocuments, and ��j the [iens and s�curity in�erests created �y th�s Deed o�Trust as �irst and prior liens on the
<br /> Property, whether now owned or hereafter acquired by Trus�or. lJnless prohibited �y law or Lender agrees ta the
<br /> contrary in wri�ing, Trus�or shall �eimburse Lender �vr all costs and expenses incurr�d in cannec�ion with �he
<br /> matters �eferred to in this paragraph.
<br /> Attvrney-in-Fact. If Trustor fails t� do any ❑f�h� things referred to in �he preceding paragraph, Lender may do so
<br /> for and in �he name of Trustor and at Trustor's expense. Fvr such purposes, Trustor hereby irre�vcabfy appo�nts
<br /> Lender as Trustor`s at�orney-in-fact�or the purpose of making, execu�ing, deli�ering, filing, recording, and doing ali
<br /> othe� �hin�s as may be necessary or desirable, in Lender's sole opinion, to ac�omplish the matters re�ferred �o in
<br /> the preceding paragraph.
<br /> FULL PERF�RMANCE. Ifi Trustor pays aff the Indebtedness, inc(uding without fimitation a�� futu�e ad�ances, when due,
<br /> and otherwise performs all the ❑bliga�ions imposed upon Trus�or und�r �his Deed of Trust, Lender shall execute and
<br /> deii�er to Trustee a request for full recon�eyan�e and shall execute and deli�er �o Trust�r suitah�e sta�ements o�
<br /> �ermination o� any financing stat�ment on file e�idencing Lender's security infieres� in the Rents and the Personal
<br /> Propsrty. Any recvn�eyance fee required by law sha�l be pa�d �y Trustor, if permitted tay applicable law.
<br /> EVENTS �F ❑EFAULT. Each o'�the �oli�wing, at Lender's �ption, shafl cons�itute an E�ent o� Defaul� under this ❑eed
<br /> of Trust:
<br /> Payment Defaul�. Trus�or fails�v make any paymen�when due under�he �ndeb�edness.
<br /> �ther Defau�ts. Trustvr fails to comply with or to perform any ❑�her term, obliga'�ian, co�enant or condition
<br /> contained fn this Deed af Trust or in any o� the Re�ated Documents or to c�mp�y with or to perf�rm any t�rm,
<br /> obligativn, co�enant or cond�tian contained in any other agreement b�tween Lender and Trustor.
<br /> Complian�e Default. Failure �o comply wi�h any o�her term, obliga�ion, co�enant ar cond�tian �an�ained in this
<br /> ❑eed of Trus�, the Nv�e vr in any af�he Rela�ed Do�umen�s.
<br /> De�ault on Uther Payments. Failure of Trustar within the time required by this Deed of Trusfi to make any payment
<br /> for taxes❑r insurance, or any vther payment necessary to pre�snt filing of or ta effect dis�harge o�any lien.
<br /> Defau[t in Fa�or vf Third Part�es. Shou�d Grantar de�au�fi unde� any loan, ext�nsion of credit, security a�reemen�,
<br /> purchase or sales agreement, or any vther agreement, in fa�or o'�any other creditor vr person that may materially
<br /> affect any of Grantor's prvper�y or �rantvr's ability to repay the lndebtedness or Grantor's ahili�y ta p�rfarm
<br /> Grantor's o�liga�ions under this Deed of Trus�or any of the i�ela�ed �o�uments.
<br /> Fa�se S#atements. Any warranty, representation vr statement made or furnished to Lender by Trustor or on
<br /> Trustor's heha[f under this Deed ❑f Trust vr�he Refated Documents is false or misleading in any mater�al respect,
<br /> �ither now�r at the time made ar turnished�r be�omes�alse or misleading at any time thereaf�er.
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