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2� 1 ��2453
<br /> DEED �F TRUST
<br /> �Cont�n ued� Page 4
<br /> Trustor. All such expenses will hecvme a par� of the lndebtedness and, at Lender's vption, wili tA� be payahle ❑n
<br /> demand; �B� be added to the �alance ❑f the No�e and E�e appvrtioned among and �e payaf�le with any installmen�
<br /> paymen�s to becvme due dur�ng either ��y the term of any applicahle insurance policy; ❑r �2� �he remaining term of
<br /> the No�e; or �Cy he treated as a ba[�oon payment which will be due and paya�le at the Note's ma�uri�y. The ❑eed of
<br /> Trust alsa will se�ure payment o� these amvunts. 5uch right shall be in addi�ion tv all o�her righ�s and remedies �❑
<br /> whi�h Lender may be ent�tled upon De#auit.
<br /> 1JI�ARRANTY: DEFENSE�F T1TLE. The following pr��is�ons relating to ownership of#he Proper#y are a part vf this Deed
<br /> ❑f Trust:
<br /> Ti�ie. Trustor warran�s that: ta� Trustvr holds govd and marketabie title o# re�ard t❑ the Property in fee simple,
<br /> free and clear of all liens and en�umbrances other than thvse set fiarth in the Real Prflperty description ar in the
<br /> Exis�ing Indebtedness secti�n I�elow vr in any title insurance palicy, title repar�, or�inal ti�le opinion �ssued in fa�or
<br /> of, and acc�pted by, Lender in conn�ctian with this Deed ❑f Trus�, and 4b� Trust�r has �he full right, pawer, and
<br /> authori�y�a execute and deli��r this Deed of Trus��o Lend�r.
<br /> Defense vf Titie. Sub�ect ta the exception in �he paragraph abo�e, Trustor warrants and w�11 �ore�er defiend �he
<br /> title ta the Prvperty against the iawful claims of all persons. In the e�ent any action or proceeding is �ommenced
<br /> �hat ques�ions Trustor's title or the �n�eres��f Trustee ar Lender unde�#his Deed of Trust, Trustor shall de�Fend the
<br /> a�t�on at Trustor's expense, Trustor may he the nominal party �n such proceeding, bu� Lend�r shall be en'�i�led tv
<br /> participate in the proceeding and to be repr�sented in the proceeding by counsel of Lender's own choice, and
<br /> Trustor will deli�er, vr cause tv be deli�ered, to Lender such instrumen�s as Lender may reques�from time�o�ime
<br /> #�permit such participation.
<br /> Compiiance Vll�th Laws. Trus#or warrants that the Property and Trus�or's use of the Proper�y complies with afl
<br /> exis�ing applicable �aws, ordinances, and regulations of go�ernmen�al au�hori�ies.
<br /> SurviWal of Representat�ons and Warranties. All repr�sen�a�ivns, warran�ies, and agreements made by Trustor in
<br /> this Deed of Trust shal[ sur�i�e the execu�ion and deli�ery of this Deed of Trus�, shall be cvn�inuing in na�ure, and
<br /> shall remain in full forc� and effe�t until such time as Trus�or's lndeb�edness shall be paid in full.
<br /> EX15TiNG 1NDEBTEDNESS, The fvll�wing pro�isivns concerning Existing fndebtedness are a part of this Deed of Trust:
<br /> Existing Lien. The lien of this ❑eed of Trust securing the lnde�tedness may be secondary and inferivr ta an
<br /> existing lien. Trus�or expressly cv�enants and agrees to pay, or see �o th� payment a�, the Existing �ndeb�edne�s
<br /> and�❑ pre�ent any default�n such inde�tedness, any default under the instruments e�iden�ing such ind�btedness,
<br /> ❑r any defau�t under any security daeuments for such indehtedness.
<br /> No Mndificativn. T�-us�or sha�� nat enter �nto any agreement with the halder a� any mortgage, d��d o� trust, or
<br /> othsr security agreemen� whi�h has prio��ty o�er this Deed o� T�ust t�y which that agr�ement is modi�ied,
<br /> amended, e�ctended, or r�newed without th� prior v►rritten cons�nt of Lender. Trustor shall neith�r �equest nor
<br /> accept any fiuture ad�ances under any such security ag��ement w�thout the prio�written consent o�Lende�.
<br /> CONDEMNATI�N. The �ollvwing p�a�isions reiating t� condemnation pr��eedings are a part o�this Deed a�Trust:
<br /> Proceedings. I� any proceeding in condemnation is �ffed, Trustor shall prampt�y not�fy Lender in writing, and
<br /> Trustor shall promptly take such steps as may be n�cessary to d�fend the action and obtain �he award. Trustor
<br /> may be the nominal party in such proceedEng, but Lender shall be entitled to participate in the prviceeding and t❑ b�
<br /> represented in th� proceeding by c�unsef of its ❑wn choice, and Trus�or will deli�er or �ause to be deli�ered to
<br /> Lender such instruments and documentation as may be requested by Lender from �ime �o �ime to p�rmit su�h
<br /> partic�pativn.
<br /> Application of Net Proceeds. If all or any part a�the Prvperty is candemned by eminent domain proce�dings or by
<br /> any proceed�ng or purchase in lieu v�condemnat�on, Lender may at its e�ect�vn require that a1�vr any por�ion af the
<br /> net pr�c��ds vf the award he app��ed tv the I nd�htedness or the repair or �estorativn o� the Prvperty. The net
<br /> proceeds a�th� award shall mean th� award a�ter payment v�al� reasonab�e costs, expenses, and attorneys' fees
<br /> incurred by Trustee vr Lender in conne�tion with the condemnation.
<br /> IN�P�SITl�N DF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. Th� fo��owing pro�isions relating
<br /> to ga�ernmen�al taxes, fees and �harges are a part of this D��d ofi Trust:
<br /> Current Taxes, Fees and Charges, Upon reques� by Lender, Trustor shall execute su�h documents in additivn to
<br /> this Deed a�f Trus�and �ake wha�e�er❑�her ac�ion is reques�ed by Lender t❑ perfect and con�inue Lender's lien on
<br /> the Reai Property. Trus�or shall reimburse Lender for all taxes, as described beiow, together with all expenses
<br /> incurred in recording, perfec�ing or con��nu�ng th�s Deed o� Trust, including without limitativn al� �axes, �ees,
<br /> documentary stamps, and other charges�vr recard�ng��r�gistering this Deed❑�Trust.
<br /> Taxes. The fal�awing sha�l constitute taxes t� which this sectivn appfies: 41� a specifi� tax upon th�s type o�
<br /> Deed of Tru�t ar upon a!� vr any part ❑�the Indebtedness se�ured by this Deed ❑f Trust; ��} a specifi� �ax on
<br /> Trustar which Trus�tor is authori�ed or required to deduc�from paymen�s vn�he Indeb�edness secured by �his type
<br /> o�Deed of Trus�; {3} a tax on this type of ❑eed of Trus�chargeable agains�the Lender or the holder af the Nate;
<br /> and �4� a specific tax on afl or any por�ion �f the Indebtedness or vn payments af principal and interes� made #�y
<br /> Trustor.
<br /> Suhsequent Taxes. lf any tax fia which this sec�ian appf�es is enaGted suhsequent �o the dat� of this Deed of
<br /> Trus�, this e�ent shall ha�e th� same e�fect as an E�ent o� De�ault, and Lender may exercise any or all o� its
<br /> a�ailable remedies for an E�ent of ❑�fau[t as pro��ded below unless Trustvr either {1 y pays the tax b�fore it
<br /> becvmes delinquent, or ��y contests the tax as �ro�ided abo�e in the Taxes and Liens section and depasits with
<br /> Lender cash❑r a sufficient corporate surety bond or other security satisfactvey ta Lender.
<br /> SECURITY AGREEMENT; F[NANCtNG STA�f EMENTS e The #ailow�ng pro�isions relating to this Deed vf Trust as a
<br /> security agre�ment are a part of this Deed o#Trust:
<br /> 5ecurity Agr�ement. Th�s �nstrument sha�1 c�nst�tute a 5ecu�ity Ag�eement t� the ext�nt any o# the Prape��y
<br /> constitutes fixtures, and Lender shall ha�e ali o�the rights o�a s�cured party under the Uniform Camme�cia� Cflde
<br /> as amended from time to tim�.
<br /> 5ecuri�y �nfierest. lJpon request by Lend�r, Trustor shall take wha�e�er ac�ion is reques�ed hy L�nder to perfe�t
<br /> and continue Lender`s security in�erest in the Ren�s and Personal Proper�y. In addition �v re�ording this Deed of
<br /> Trust in the real prvperty records, Lender may, a� any �ime and withou� fur�her au�horizatian fram Trustor, file
<br /> executed counterpar�s, copies or reproduc�ians of this Deed af Trust as a financing statement. Trustor shall
<br /> reimburse Lender�ar all expenses �ncurred in perfe��ing ar Gontinuing this security interes�. Upon default, Trus�or
<br /> shall not remo�e, se�er or deta�h the Personal Property fram the Proper�y. Upon defaul�, Trustor shall assemble
<br /> any Persvnal Property no�affixed to the Proper�y in a manner and at a place reasanably cvn�enien��❑Trust�r and
<br /> Lend�r and make it a�ailable tv Lender wi�hin three �3� days a#�er receipt �f written demand �rom Lender to the
<br /> extent permi��ed by applicable law.
<br /> Addresses. The mailing addresses of Trustor {debtor� and Lender {secured par�y� from which information
<br /> cflncerning the security interest granted by fihis Deed of Trus� may be ❑btained {each as required by the Uniform
<br /> Commercial Cvde� are as stated vn the first page of this Deed of Trus�.
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