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2� 1 ��274�
<br /> DEED �F TRU�T
<br /> ���ntinue�!} Pag� �
<br /> Current Taxes. Fees a�d Charg�s. lJp�n request by Lende�, Trustor shall execute such documents in addition ta
<br /> this Deed af Trust and take whate�er oth�r aciian is requested by L�nder to perfect and continue Lender's lien vn
<br /> the Real Property. Trustor shall reimburse Lende� far a�l tax�s, as descriaed helaw, to�ether with a!I expenses
<br /> incurred in recording, perfectin� or cantinuing this Deed o� Trust, including with�ut limitation al! taxes, fees,
<br /> ��cumentary stamps, and other�har�es far recarding or regi�tering this Deed of Trust.
<br /> Taxe�. Th� follawin� shal� canstitute taxes tv whi�h this s�ction applie$: {1 j a �pecific tax upon this type of
<br /> Deed af Trus# ar upan a�l or an� part of th� Ind�btedness se�ured by this Deed �f Trust; {2y a sp�ci�ic tax �n
<br /> Tru�tor which Trustor i� authvrized �r requir�d ta deduct from payments on the �ndebt�dness secured hy this typ�
<br /> of Deed of Trust; t3f a tax on this t�p��f�eed af Trust char�eable against the Lend�r or the holder af the N�te;
<br /> �nd {4� � spe�ifi� tax �n all or any partiQn �f the lndebtedness ar on payments of princip�l and interest made by
<br /> Trustar.
<br /> Subsequent Tax�s. !f any tax to which this se�tion applies is �na�cted subs�quent ta the date of this De�d of
<br /> Trust, this e�ent shall ha�e the sam� effect �s an E�ent af Default, and Lender may exercise any ar all vf its
<br /> ar�ailabie remedies far an Event �f Default as pro�ided below unless T�ustvr eith�r �1� pays th� ta�x before it
<br /> becomes delinquent, or f 2y c�nt��ts the tax as �ro�ided abo�e in the Taxes and Liens sectian and d�pvsits with
<br /> Len�ler cash❑r a suificient corporat�surety bond�r other security satisfactvey�o Lender.
<br /> SECURITY AGREEIVIENT; �INANCIN� STATEMENTS. The following pro�isians rei�ting to this Deed of Trus# �s �
<br /> s�curity agreement are a part of this Deed af Trust:
<br /> Se�urity Agreemant. Thi� instrument sh�fl Gonstitute a Security Agreement to the extent any of the Pr�p�rty
<br /> constitutes fixtures, and Lender shall ha�e all af the rights �#a secur�d �a�ty under the Unifarm Comme�cial Cade
<br /> �s amended fr�m time to time.
<br /> Security Interest. Upan request by L�nder, Trust�r shall take whate�er a�tion is requested by Lender tQ perfect
<br /> and Gontinue Lender's security int�r�st in the Rents and Personal Praperty. In ad�ition ta recording thfs Deed of
<br /> Trust in the rea� prop�rty records, Lender may, at any t�me and without further authorization �rom Trustar, file
<br /> �xecuted counterparts, capies or reprodUGti�rr� of this Deed af Trust as a finan�ing s#atement. Trustor shall
<br /> reimburse Lender far all expenses in�urred in p�rfecting or continuing this security inter�st. Upvn default, Trustar
<br /> sha�l n�t remv�e, �euer ar d�tach the Personal Property irom the Property. Upon default, Trustor shall assem�i�
<br /> any Persanal Property not affixed to the Property in a manner and at a place reasonably ��nr��nient to Trustor and
<br /> L�nder and make �t a�ailable to Lender within thres �3f days �fter receipt of writ#en d�mand fr�m Len�ler to the
<br /> �xtent perrnitted by applicable �aw,
<br /> Addr�sses. The mai�ing addresses of Trustar �debt�r� and Lender {secured part�y �rom which information
<br /> Goncerning the security int�rest gran�ed by this Deed of Tru�t rnay be obt�fne�! {each a� required by the Un�#orm
<br /> ��mmerci�l Cod�f �re as stated�n th�firs#page a#this Deed of Trust.
<br /> FURTHER ASSURANCES; ATT�RNEY-IN-FACT. The follawing pr��isions relating fo further assurances and
<br /> attvrney-in-#act are a part of this Deed af Trust:
<br /> Further Assuran�es, At any time, and �rom time to time, upan reqUest of Lender, Tr�stvr will make, execute and
<br /> �ieli�er, ar will cause to be made, executed or deli�ered, to L�nder vr to L�nder's d�signee, and wh�n requested by
<br /> Lender, cause ta be filed, r�corded, refiled� or rer�co�rded, as the cas� may be, a# such times �nd in such �ffi�es
<br /> and pl�c�s as Lender may deem appr�priate� any and al1 such martgage�, deeds of trust, secUrity deeds, security
<br /> a�reements, financ�n� st�tements, continuation statem�nts, instrumen#s of further ��surance, c�rtificates, and
<br /> other documents as may. in the sole opinion af Lend�r. be necessary or desirahle En arder to effectuate, complete.
<br /> perf�ct, cantinue, ar preser�e ��f Trustor's obligations under the Not�, this De�d af Trust, and the Relste�!
<br /> Documents, and �2} the I�ens an� s�curity interests created by this �eed of Trust �� firs# and priar li�ns on the
<br /> Praperty, whether naw awn�d or her�aTter acquired by Trustvr. lJnless prahibited b� I�w vr Lender agre�s to the
<br /> ��ntrary in writing, Trustar shall r�imbur�e Lender for a11 costs and expenses incurred in conne�tian with #h�
<br /> matters referr�c�to in this paragraph.
<br /> Att�rney-in-Fa�#. If Trustor fails ta da an� af the things referred to in the preceding paragraph. Lsnder msy dv sa
<br /> ��r and in the name of Trustor and at Trustvr's �xpense. Far such purpas�$, Trustor hereb� irre�oca�ly appQints
<br /> Lender as Trust��`s attvrney-in-�act far the purpose o�making, executing, deli�ering, filing, r�carding, end doing all
<br /> other th�ngs as may be n�C�SSBfy O� d�Si�Bbl�, in Lender's saie opinion. to ��complish the matters r�ferred to in
<br /> the preceding paragr�ph.
<br /> FULL PERF�RMANCE. If Trustvr p�ys all the Indebtedness, including without limitation all future ad�anc�s, when due,
<br /> and otherwise ��rforms all the obligati�ns rmposed up�n Trustor under this Deed ot Trust, Lender shall exe�ute �nd
<br /> deii�er t� Trustee a request for full re�an�eyance and shall execute and deli�e� to Trustor suitabi� statements of
<br /> terminatian of any financing statement an #ile eWidenGing Lender's s�curity int�rest in the R�nts and #he Personal
<br /> Pr�p�rty. Any reGon�eyan�e fee re�uired by law shall be pai�f by Trustor, if permitted by appli�able law.
<br /> EVENTS �F DEFAULT. Each a� the foilowing, at Lender's option, shall constitute an E�ent vf Default under this D�ed
<br /> a f Trust:
<br /> �aym�nt Default. Trustor fails ta make any payment wh�n due �nder the indebtedness.
<br /> ather Defauits. Tru�t�r fails to ��mply with ar to perfarm any other term, obligatiQn, c��enant ar conditian
<br /> contained in this Deed af Trust �r in any �f the Related Documents or to compl� wi�h or to p�rform any tarm,
<br /> abligativn, c��enant or candition cantained in any other agreement aetween L�nder and Trust�r.
<br /> Complianc� Default. Failure ta comply with any �tFr�r term, obiigation� cavenant or Gar�dition contained in this
<br /> ❑eed of Tru�t, th� Note or in any af�he Related D�cuments.
<br /> Qef�ult on�ther Paymants. Failure of Trus�or within the time requ�red by this aeed af Trust t❑make 8ny payment
<br /> #ar taxes vr insuranc�, ar any other payment necessary to pre��nt filing of or ta effect discharge af�ny lien.
<br /> Defauit in Fav�r a#Third Partias. Sh4uld Grantor d�fault under any Ioan, extensian of cr�dit, security Sgr�em�nt,
<br /> purchase or sales agreement, or any other agre�ment, in fa��r of any ather creditor or perst�n�hat msy materi�lEy
<br /> affect any of Grantor's property or �rantor's ability to repay the Indebtedness or Grantar's abifity ta perfarm
<br /> Granxor's ob�igations under this Qeed of Tru�t ar any af the Related Qocuments.
<br /> Fals� Statements. Any warranty, repr�$enta�ion or statem�nt m�d� or furnished to Lender by Trustvr vr on
<br /> Trustar's aehalf under this Deed of Trust or#he Related Documen�s is fals� or misieadin� in an� mat�rial r�spect�
<br /> either nourr or at the time rnade or furnish�d or becomes faise Qr misleading at any time there�fter.
<br /> Defecti�e �ollatera�izatian. This Deed of Trust ar any of the Relat�d Docum�nts ce�seS to be in full force and
<br /> e�fe�t {inGluding failu�e �f any collaterai document ta �reate a �alid and perf�cted se�urity inxerest or lienf �t �ny
<br /> tim�and far�ny reason.
<br /> Dea#h or Ins�l��ncy. The diss�lutior� or terminatian af Trus�or's exis�errce as a gaing business or the death of any
<br /> par�ner,the Ensol�ency vt Trustar� the apRointment of a recei��r for any part af Trus�or's property, any as�ignm�nt
<br /> for th� �enefit of creditars, any t�rp� vf cr�dit�r workout, or the commenc�ment of any pr�ce�ding under any
<br /> bankruptcy �r insQl��ncy laws by or against Trus#or.
<br /> Credi#or or Forfeiture Proceedings. Camm�n�ement af foreclosure ar forfeiture p�oceedin�s. whether hy judicial
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