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2� 1 �� 15� 1
<br /> DEED �F TRU�T
<br /> �G�nt�nu�d� ���e �
<br /> Trustor will deli��r, ar cause t❑ be deli�ered, �� Lender such instruments as �.entier may reque�t�r�m time tv t�m�
<br /> to permit such partic�pati�n.
<br /> Campli�nce With L�ws. Trustor warrants th�t the Property and Trustvr's use vf the Prvperty complies with all
<br /> existing applica�le I�ws, ❑rdir�an�es. an� regula�ions�f g��ernmer���l authc�rities.
<br /> 5un►i►►�I of Represantativns and VYarranties. A!I representatians, warranties, and agreements made by Trustar in
<br /> this Deed of Trust shall �ur�i�e the executian �nd deli�ery of this Deed of Trust, shall be �ontinuing in n�ture, and
<br /> �hall remain in tull�vrce and�ffect un�il such time as Bvrrvwer's Indebtedn��s shall k��paid in full.
<br /> C�NDEMNATi�N. The follawing pro�isions relating ta condemnativn proceedings are a part of this Deed of Trust:
<br /> Praceedings. If any prvice�ding in condemna#ion is filed, Trustvr shal� promptly notify Lender in writing, and
<br /> Trustvr shall prc�mp�ly take such step� as may be neces�ery ta d�fend xh� actiQn and ohta�r� the award. Trus�or
<br /> may be the naminal p�rty in such proce�ding, hut Lender shall be entitled t❑ participate�n the pro�eeding �n�to be
<br /> represented in the prQGe�ding k�y �vunsei �# its awn chaice, and Trust�r will deliver ar cause tv be deli�ered ta
<br /> Lender su�h instruments and documentation as m�y be requested by Lender from time to time to permit such
<br /> participatic�n.
<br /> �Ipp�icativn of Ne#Praceeds. If all vr any part vt the Propert� is condemned by eminent dvmain proceedings or by
<br /> any proceeding or purchase in lieu af cond�mnatian, Lender may at its election re�uire that all❑r any portivn of the
<br /> r��t �roce�ds of the awerd be applied ta the Indebte�ness ❑r the repair ar restoratian af the Property. The net
<br /> prc�Geeds vf the awerd shall me�n the �ward aft�r payment of all reasonahie ��sts� expensss, and �ttorneys' f�es
<br /> incurred by Trustee ar Lender in�annectian vuith the condemnation.
<br /> IMPpSIT1�N QF TAXES. FEES AND CHARGES gY G�VERNIIAENTAL AUTHDRITIES. The follvwing pro�isians refating
<br /> tv go►rernment�l t�xes, fees and charg�s ar�a part vf this Deed of Trust:
<br /> �urr�nt Taxe�s, Fees and Ch�rges. Upon req�est by Lender, Trustar shai� �xecute such documents in additian ta
<br /> this ❑eed of Trust and t�ke whate�er other aGtion is�equested by Lender t❑ perfect and continue Lender's lien on
<br /> �he Re�l Prvperty. Trustor shall reimbur�e Lend�► for ell taxes� �s described belaw, together w'rth s�ii exp�nses
<br /> incurred in record�ng, perfecting or cantinuing this Deed af Trust, including withaut #imi#ation al1 taxes, �ees,
<br /> docum�ntary stamps, and vther char�es f�r re�ording vr registering this Qeed of Trust.
<br /> Taxe�. The following shall cvnstitute taxes to which this sgction applies: �1 y a spscific tax upon this type ❑f
<br /> ❑g�d of Trust or upon all ar �ny part vf the lndebtedne$s secur�d by this Deed of Trust; ��� a sp��ifie tax pn
<br /> Barrvwer which Borrawer is authorized or required ta deduct fram payments on the Indebtedness secured by this
<br /> type vt �eed of Trust; �3y a tax on #his type of Deed of Trust chargeab�e against the Lender or the h�lder vf the
<br /> Note; and ��f a �pecific t�x on all car any portion of the Indeb�edness or on payments of p��ncipal and inter�st
<br /> made by Barrvwer.
<br /> Suh�e�ent Taxes. If any tax to which this se�tion applies is ena�ted sub�equent t� th� date af this Deed of
<br /> Trus�, this e�ent shall ha�e the same effect as an E�ent of Defau�t, and Lender may exercis� any or all vf its
<br /> ���ilable remedies fvr an E�ent �f De�ault as pra�ided belvw L1�I@55 Trus�or either ��y pays the t�x befar� it
<br /> becomes delinquent, or �2� cantests the tax as pro�ided abo�e in the Taxes and Lien� section and dQpvsits with
<br /> Lender cash or a sufficient corporate surety bond ar other seeur�ty satisfactory to Lender.
<br /> SE�URITY AGREEMENT; F�NANCING �TATE�IIENTS. The foll�wing pr��isians relatinc� t❑ this ❑eed af Trust as a
<br /> se�urity agreement are a part vf this Deed of Trust:
<br /> Security Agreement. This instrurnent shall �vnstitute a 5e�ur�ty Agreement tv the extent any of the Prvp�rty
<br /> canstitut�s fixtures, and Lender sha�l ha�e all vf#he rights of a secured party under th� lJniform Commerciel Gode
<br /> as amend�d fram time to time.
<br /> Sscurrty �nterest. Upon request by Lender, TrustQr shall take whate�er a�tion is requested by Lend�r to per�ect
<br /> and cantinue Lender's security interest in the Rents and Persvnal Property. In additivn ta recvrding �his Deed of
<br /> �'rust in the r�al �roperty r�cor�ls, L�nder may, �t any time and without further auth�ri�atic�n fram Trustor, file
<br /> executer� caunterparts� copies or repraductions of this Deed flf Trust as a �inanc�ng statement. rrustor shall
<br /> reimburss Lender for ail expenses �ncurred in perfecting or�ontinuing this security interest. Upan d�fault, Trus#ar
<br /> sha11 nat remv�e, se�er vr detach the Personal Prvperty from the Property. llpon defaul#, Trustor sha11 assemble
<br /> any Person�l Property not �f�ixed to the Proper�y in a manner and at� pl�ce reasonably �on��nient tca Tru�tar and
<br /> Lend�r and make it a�ailable to Lender within three {3� days af�er receipt of written demand from Lender to the
<br /> extent permitted k�y applicable I�w,
<br /> Addre�ses. The mailing address�� of TrustQr �deb�orf and Lender tsecured partyf fr�m which information
<br /> cancerning the security in��rest grant�d by this ❑eed of Trust may be ohtained �eech as r�quired I�y the Llniform
<br /> Cammerciai Codey are as stated vn the first page r�f th�s �eed Qf Trust.
<br /> FURTHER ASSIJRANGES; ATTDRNEY-IN-FA�T. The fallawing pro�isians rel�t�ng to further assurances and
<br /> attorney-in-fact ar�a par�of this C]�ed of Trust:
<br /> Further Assurances. At any time, and from time to time. upon request af Lender� Trustar will make, execute and
<br /> del+►►er, or wil!cause to be made,executed ar del+�ered, to Lender or to Lender's designee, and when requested by
<br /> Lender, caus� to �� f�led, r��or�ed� refiEed. or rerecvrd�d, as the case m�y b�. at suGh tim�s and �n s�uGh offi��s
<br /> and places as Lender may deem appropriate, any and ali su�h mortga�es, de�ds of trust, s�curity deeds� se�urity
<br /> agreements, financing statements, �vntinuat'ron statements, instruments vf further assuranGe, certificates, and
<br /> vther dacuments as may, in the sale opinian of Lender, be necessary vr desireble in order tv effectuate, complete,
<br /> perfect, cpntinue, or preser�e �1) Borr�wer`s and TruStor's vbligations under the Nvt�, this L�eed t�f Trust, and
<br /> the Related C3ocuments, and ��f the liens and �ecurity interests created by this ❑�ed of Trust as first �nd pr+or
<br /> liens on the Prop�rty� wh�ther now vwned or hereafter a�quired by Trustor. Unless prohibited b� iaw or L�nder
<br /> agrses to the contrary in writing, Trustor shai� reimburse Lender for all cvs�s and �xpenses in�urred in connec#ian
<br /> w��h the matters re�erred tv in this paragraph.
<br /> Atta�r�y-in-F�c#, If Trus��r fa+ls to do any of the things referred t❑ in the preceding para�raph, Len�er may do so
<br /> for and in the name �f Trus�ar and at Trustor's expense. For su�h purpases, Trustor he�eby irre�ocably appoints
<br /> Lender as Trustor's attvrney-in-f�ct�vr the purpose vf making, eaceGuting. d�li�erin�, fiiin�, r��ording� and dain� all
<br /> ❑ther things as may be necessary or desirable. in Lend�r's soi� apinion, Lo accomplish the matters r�ferred tQ in
<br /> the preceding paragraph.
<br /> FULL PERFQRIIAANCE. I# �v�rower and Trustor pay all the Indeb#edness, including withaut limitation al! future
<br /> ad�ances, when due, and Trustar atherwise performs all the❑blig�tions imp�sed up�n Trustor under this D�ed of Trust,
<br /> Lender sha1� exe�ute and deli�e� to Trustee a request �ar fuli recQn�eyance and shal� �xecute and deii��r t❑ Trustar
<br /> suitable statements of terminatian of any financing statement on file e►►idencing Lender's securi#y interest in the Rents
<br /> and the Personal P�a�perty. Any reG�n�eyance fee requi�ed by !aw shall be paid by Trustor, if �ermitted by applicable
<br /> law.
<br /> EVENTS DF DEFAULT. Each of the following, a# Lender's option, shali constitute an E�ent vf Defauit under this Deed
<br /> af Trust:
<br /> P'ayment�efault. Borrower�ails tv rnake any payment when due under the Indebtedness.
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