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2� 1 ��3�81
<br /> �]EE[� �F T���T
<br /> ���t�ti�lu�d} Page �
<br /> Existing Lien. The lien vf this De�d vf Trust securing the �nd�b�edness. may be secondary and infer�vr to an
<br /> ex�st�ng lien. Trustar expressly �a�enants and agrees ta pay, ar see to the paymen�of, �he Existing lndebtedness
<br /> and ta prevent an}�default on �uch ir�de��edness, any de�aul�under##�e instruments eWidencing such indebtedness,
<br /> ��any default under any se�ur��y documents�ar such indebtedness.
<br /> No I�odif�ca#ion. Trus�or shall not enter into any agr�ement with tfie halder of any mor�gage, deed o�trust, a�
<br /> o�her security agreement wh�ch has prior��y vver this Deed of T�ust by whi�h that agreement is modified,
<br /> �mended, extended, ar renewed without the privr written consent af L�nder. Trus�ar shall neither request nar
<br /> accept any�uture advances under any such securi�y agreement wi�hout the priar writt�n cansent o�Lender.
<br /> C�NDEMNAT[�N. The fa�fow�ng pra�isivns relating�fl candemnation proceedings are a pa�t o�fihis Deed o�f Trust:
<br /> Praceedings. �f any prviceeding in cvndemna�ion is �ifed, Trus�v� shall pr�mptly nati�y Lender ir� writin�, and
<br /> Trustor shall promp�ly�ake such steps as may be necessary#o defend the a�tion and ob#ain the award. Trustor
<br /> may be the nominal party in su�h proc�eding, but Lender shal�b�entitled�a participafie in the prviceeding and to he
<br /> �epresen#ed in the praceeding b� cvunse( of i�s awn chaice, and Trustor wil� deli�er or cause to be deli�ered #o
<br /> Lender such ins�ruments�and documenta�ivn as may �e reques#ed by Lender fr�am time t❑ time tv permifi su�h
<br /> par�icipat�on.
<br /> Application of Ne#Pro�eeds. If alC v�any par�af the Property is condemned by em�nent dama�n proceedings or by
<br /> any pra�eeding or purchase in��eu af condemna�ian, Lender may a�its election r�quire that ail or any portivn vf the
<br /> net proceeds of�he awa�d be applied to the Indebtedness ar#he repair or restaration of�he Proper�y. The net
<br /> proceeds af the a�rvard shall mean the award after pa�ment of ail reasonab�e cosfs, expenses, and attorneys'fees
<br /> incurred by Trustee or Lender in connection with the cvndemnation,
<br /> IMPQS�TIDN �F TA�{ES, FEES AND CHARGES gY G�VERNMENTAL AUTH4RIT'�ES. The foilawing pro�isivns relating
<br /> to go�ernmenta[taxes,fees and charges a�e a par�af#h�s Deed of Trust:
<br /> Current Taxes, Fees and Charges. Upon request hy Lender, Trustar sha!! execute such documents �n additivn tv
<br /> this Deed of Trust and t�k�what�v�r other ac�ian i� reques�ed by Lender�o per�ec�and cantinue Lender's I�en vn
<br /> the Reaf Pr�perty. Trustar:shall reimburse Lend�r�or all �axes, as descr�bed below, together with a�l expenses
<br /> incurred En recarding, perFec�ing or continuing this [7eed af Trust, in�luding wi#hvu� iim��atian aii taxes, fees,
<br /> documentary stamps,and other charges for recarding❑r regis�ering this�eed❑�T�ust.
<br /> Taxes. The �f��low�ng shali constitut� taxes �o which this sectian applies: (�I} a s�eci�i� tax upon th�s type �f
<br /> Deed of Trus��r upon al[ or any par� ❑�the Indebtedness secured by�his D�ed ❑�Trust; (2� a specif�c tax an
<br /> Trustor which Trus�or is au�hvrized or required�o deducfi from payments�n the indeb�edness secured by�his type
<br /> of Deed v�Trust; �3} a tax an th�s type af Deed t��Trust chargeable againsfi the L�nder vr the halder of the Credi#
<br /> Agreement; and �4} a specific tax an all or any portian o#�the lndebtedness vr on payments o�' prin�ipal and
<br /> interest made by Trustor,
<br /> Subsequen� Taxes. If any #ax to which this section applies is ena�f�d sub�equent to the date of this Deed ❑f
<br /> Trus�, this ��en# shalf have �he same effect as an Event of C]e�au�t, and Lender may ex�rcise any ar all �f it�
<br /> avaiiab�e remedies for an Event a� De�au�� as provided below unles� Trustar either {�i} pays the tax before it
<br /> becames d�E�nqu�n#, or ��} con�ests the tax as provided abo�e in the Tax�s and L�ens sect�an and deposits with
<br /> Lender cash❑r a suf�icient carpb�-at�surety bond or vther security satisfacfary to Lender.
<br /> SECLJRITY AGREE�IENT; FINANC[NG STATEMENTS. The �oIlowing pra�isions reiating tc� this Deed ❑� Trusfi as a
<br /> security agreement are a park of�his D�ed o�Trus#:
<br /> 5e�ur�ty Agreemenfi. This �nst�umen� shail canstitu�e a Secu�ity Agreement ta �he extent any o� the Property
<br /> consti�utes fxtures, and L�nder shall have all of�he rights of a secured parky under the Uni�orm Commer�ial Code
<br /> as amended�rom time�o�ime.
<br /> Securi�y Interes�. �)pnn request by Lender, Trus�or �h�tl take whate�e� act�an i� requested by Lender to perfiect
<br /> and continue Lender's security interes�in the Persona[ Pr�perty. ln addi�ion to re�ording this D�ed o�Trust in#h�
<br /> �eal praperty t�e�vrds, Lender may, at any fime and wtthout fur�her authoriza�ion frvm Trustar, fEle executed
<br /> coun#erpa�ts, copies o� re�rvduc�ions af this Deed of Trust as a financing statement. Trus�or shail reimburse �
<br /> Lender�or a�l.expens�s incurred in per�ecting or continuing �h�s security interest. lJpan defau�t,.Trustor shai� nat
<br /> remo�e, seWer or detach 'khe Pe�'sona! Praperty fram the Proper�y. Upon de�au�t, Trustor shall assemble any
<br /> Persona� Prope�ty nvt a�fiixed �o �he Properky in a manner and at a pla�e reasonably conWenienfi t❑ Trus#or and
<br /> � L�n�er and make it availab[e �o Lende�within three �33 days a��er reGeipt o#written demand from Lender ta the
<br /> extent permit�ed by appl�cable�aw.
<br /> Addresses. The mailing addresses of Trusto� �deb�ar} and L�nder �se�ured party} from which in�ormatian
<br /> concerning the securi�y infierest granted by thi� Deed v�Trust may be ab�ained �each as required by�he Uniform
<br /> Cammercia���de}are as stated on the firs�page�f th�s �3eed a�Trus�.
<br /> F�RTHER ASS�I�ANGES; ATTa�NEX-[hl-FACT. The fallowing pro�isians re�ating t� �ur�her assurances and
<br /> at�arney-in-�act are a pa�t❑�this Deed v�Trust:
<br /> Fur�her Assurar��es. At any time, and fram ��me to time, upan request o�F Lender, Trustor wi[� make, execut�and
<br /> deliver, or wii� �ause�o be made,execufed ar deii�ered,�❑Lender vr fa Lender's des�gnee, and when requested by
<br /> Lender, cause to be fi�ed, recorded, refilsd, or rerecorded, as the case may be, a�su�h �imes and �n such a�€ices
<br /> and p�aces as Lende�may deem appropriate, any and a�i such mor�gages, deeds of trust, security deeds; securi#y
<br /> agreemen�s, fznancing s�atements, continuat�on statem�nts, instruments ❑� further assurance, certifcates, and
<br /> other documen#s as may, �n�he so�e opinion of Lender, be necessary or desirahle En order�o ef�ectuate, comp[e�e,
<br /> p�t-fect, cantinu�, �r prese�ve �'#} Trus�or`s obligativns urtder'�he Credit Agreement, fihis Deed o�Trus�, and the
<br /> Reiated Documen�s, and �2} the I�ens an� security interests created by this �eed o�Trust an the Property,
<br /> wheth��now avvned or hereafter acquired �y Trus�ar. �Jni�ss prah�bited by lavv or Lender agrees tv the cantrary in
<br /> wri�ing, T�ustc�r shall reimburse Lerider fvr all �os�s and expenses incur�-�� in ��nne�tion wifh the ma#�ers referred
<br /> t❑�n this paragraph.
<br /> Attvrney-in�Fact, lf Trust�r fa��s to do any of the#hings re�erred to in �h� preceding paragraph, Lender may da so
<br /> fa�and in the name of Trustar�and at T�ustor's expense. For such purposes, Trus�ar hereby irrevocably appoints
<br /> Lender as Trustor`s attorney-in�fact`for�he purpase of making, executing, de[i�ering,fiting; recording,and doing ali
<br /> a�her things as may be necessa�-y ar desirabl�, in L�nder's saie opin�vn, to acc�mp�ish th� matters referred to in
<br /> �he preced�ng para�raph.
<br /> F�LL PERF�RMANCE. i�Trus�or pays ai1�he lndebtedness when due,terminates�he credit_line accvun�,and otherwise
<br /> per�orms a�� fihe vbligatinrts imposed up�n Trus#a�under this ❑eed a�Trust, Lender shall execute and deiiver to Trus��e
<br /> a request for- �Ful1 recon�eyance and shall execute and de�iver #o Trus�or suita��e statements o� terminafion o� any
<br /> financing s�a#emen� on file e�idencing Lender's security interes# in the Rents and �he Personal Property: Any
<br /> recon�eyance fee requ�red by iaw shali�e paid by Trustor, i�permifi�ed by app�icabfe[aw.
<br /> EVENTS DF DEFAULT. Trustar wi�� be in defauit under this ❑�ed of Trus�if any a�the fo�lawing happen:� �A� Trustor
<br /> cvmm�ts fraud o�makes a ma�erial misrepresenta�ian a� any tim� in connect�vn with fihe Gred�#Agreement. This �an
<br /> include, fvr exampl�, a false sta�ement abvu� Trustar's incom�, ass��s, liabilities, or any v�her aspeG�s af Trustar's
<br /> financia! condition. �g} Trustar does not m�et�he repaymen�terms of the Credit Agreement. ��} Trustor's a��ion or
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