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201601465
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Last modified
7/23/2017 10:06:03 AM
Creation date
3/14/2016 10:18:45 AM
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DEEDS
Inst Number
201601465
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2� 1 �� 14�5 <br /> DEED �F TRtJST <br /> Loan No: '!U�2�3�9� �Cant�nued�� Page 5 <br /> shall remain in fu��torce and���ec�untiE such�ime as B�rrawe�'s lndebtedness sha[[ be paid in full. <br /> EXfSTiNG INDE6TEDNESS. The fallvwing pro��sions can�ern�ng E�:isting [ndebtedness are a part of this Deed ❑f Trust: <br /> ExistEng Lien. The I�en of this ❑eed o# Trust securing �he [ndebtedness may be secondary and inferior �o an <br /> existing lien. Trustar expressly co�enants and agre�s to pay, or see ta the payment vf, the Ex�sting fndebtedness <br /> and to pre�en�any de�aul�on su�h indebtedness, any default under the instruments e�idencing such indebtedn�ss, <br /> or any default under any security dvcuments for such indebtedness. <br /> Na Modification. Trus�ar shai� nflt enter int❑ any agreement with the halder a� any mvrtgage, deed n� t�ust, vr <br /> other security agreement whi�h has priority ❑ver #hEs ❑eed v� Trust by which that agreement is modi��ed, <br /> amended. extended, or renewed wi�hout the prior written �Unsent v�f L�nder. Trus�or shal! neither reques� nor <br /> ac�ept any fu�ure ad�ances under any such se�urity agreement wEthout the prior written cvnsent o�Lender. <br /> CDNDENiNATI�N. The fiollowing pro�isions re�a�ing ta cvndemnati�n proceedings are a part of�his Deed o#Trust: <br /> Proceedings. �� any p�o�eeding in condemnati�n is fi�ed� Trus�or shali promptiy no�ify Lender in writingr and <br /> Trustor shall pramp�ly take such steps as may be necessary to defend the action and ❑btain the award. T�-ustor <br /> may be the nam�nal par�y in such praceeding, but Lender shall be enfiitled to participate in the proceeding and to be <br /> represented in the proceeding by cvunse[ v� its awn chaice, and Trustor wi�! deli�er or �ause �� be del��ered to <br /> Lender such ins�ruments and documen�ation as may be req�ested by Lender from time t� �ime �o permit such <br /> parfiicipation. <br /> App�i�ation af Net Proceeds. !f af! or any part❑f the Property is condemned by eminent doma�n proceedings vr hy <br /> any prviceeding �r purchase�n �ieu of condemnatEon, Lender may a�its eEecfiion require that a!! or any por�ifln of the <br /> net proc�eds of the award be appiied to the lndebfedness �r the repair or rsstoration �� the Prvper�ty. The ne� <br /> proceeds of�he awa�-d shall mean the award after payment o�all reasvnable �osts, expenses. and at�orneys' fees <br /> incurred by Trustee ar Lender in cvnnectFon wi�h�he candemnation. <br /> IMP�SITi�N �F TAXES, FEES AND CHARGES BY G�VERNMENTAL AUTH�RITIES. The foflow�ng pra�Fsions relating <br /> to governmental�axes, �ees and char9es are a par�of th�s Deed vf Trust: <br /> Curren�Taxesr Fees and Charges. Upon request by Lender, Trus�or shai[ execute such dacumen�s in additEon �o <br /> this Deed af Trust and �ake whate�er ather ac�ion Es requested by Lender�o per�ect and continue Lend�r's iien on <br /> �he Real Property. Trus�or shal[ reimburse Lender fo� a�i ta:�es, as described be[owr togEther with ali expenses <br /> in�urred in recording. per#ec�ing or cantinuing this Deed ❑� T�-ust, inc[uding withou� �imitatian ali taxes, �ees� <br /> docum�ntary stamps{ and ather�harges�or�-ecvrding or regis�tering this Deed ❑f Trust. <br /> Taxes. The �ollawing shall �vnstitute taxes #o which this sec�ion applies: ��} a speci#ic tax upvn this type o� <br /> �eed of Trus� ar upan ali or any part ❑f the lndebtedness secured by �this Deed a�r Trust; t�� a specific tax an <br /> Bo��ower which Barrvwer is authv�ized or required t❑ deduct from payments on �he indebtedness s�cur�d by#his <br /> type ❑f Deed of Trus�; �3} a�ax on this type ❑f Deed ❑f Trust chargeable againsfi the Lender or the holder a�the <br /> Note; and �4} a specifi� �ax on ail vr any portion vf the fndebtedness ❑r ❑n paymen�s v� principa! and in�eres� <br /> made by Barrower. <br /> Subsequent Taxes. Ef any tax t� which this sec�ion applies is enacted subsequent to �he date ❑f this Deed o� <br /> Trust, this event shali ha�e th� same effect as an Event o� Defau[t, and Lender may exercise any or a!� of its <br /> available remedies fvr an E�ent af Default as pro�ided beEati►v uniess Trus�o� eithe�r ��} pays the �ax befo�e Et <br /> becomes delinquent, or {2} contests the tax as prv�ided abo�e in the Taxes and Liens sectivn and deposits with <br /> Lender cash ar a su�ficient corporate surety bond ❑r❑ther security satisfactary to Lender. <br /> SECLIRITY A�REEMENT; FINAN��NG STATEMENTS. The foEiawing pro�isians re[ating to this Deed of T�ust as a <br /> security agreement are a part o�this Deed v�Trust: <br /> Se�urity Agreement. This Enstrum�nt sha[[ constitute a Security Agreement tv the extent any ❑f the Property <br /> cons�itutes fixtures, and Lender shall ha�re a[i afi the rights of a secured party under the Unifarm Comme�ciai Cade <br /> as amended�rom time to time. <br /> 5ecurity �nterest. Upan request by Lend�r, Trustor sha!! take wha�tever activn is requested by Lender ta perfect <br /> and �vntinue Lender's security in�erest in the Rents and Peravnai Prvperty. In addi�ivn to recard�ng this ❑eed of <br /> Trust in the r�al property recards, Lender may, at any time and without �urther authvrization from Trustor, ti[e <br /> executsd caunte�parts� copies ar reproductians of �his �]eed of Trust as a financing sta�ement. Trustor shall <br /> reimburse Lender�or alI expenses incurred in perfe�ting vr continuing this securi�y interest. Upvn de#ault, Trustar <br /> shall not rema�e, se�er ar detach the Persona� Property from the Property. Upon de�au�t, Trustar shall assemble <br /> any Persvna� Praper�y nvt affixed tv the Property in a manner and a� a p�ace reasonably �an�enient�a Trustar and <br /> Lender and make it available to Lender within three �3} day� after rec�ipt ❑f writ�ten demand fram Lender ta the <br /> �xtent permitted by app[Ecable law. <br /> Addresses. Ths maiEing addresses o� Trusta� �debtvr} and Lend�r {secured party� from which in�orma�ion <br /> concerning the se�urity interes� granted by�th�s aeed o�Tru�t may be obtaEned {�ach as re�uired by the Uni��rm <br /> Commerciai �flde} a�-e as stated fln�he first page at this l7eed o�Trust. <br /> F�RTHER ASSURANCES; ATT�RNEY-IN-FACT. Th� fol�owing pra�isivns re�ating ta further assurances and <br /> attvrney�in-�act are a par�vf this Deed of Trust: <br />
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