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2� 1 ��3�88
<br /> . .
<br /> DEED �F TRUST
<br /> �ContinUe�!} P�g�4
<br /> Application of Net Praceeds. If all vr any part�f#he Property is condemned by erninent domain pr�c��din�s ar by
<br /> any prq��eding or purchase in lieu o�cvndemnation, L�nder may at its�lec#ivn require that all ar any partian of the
<br /> net prviceeds of the award be applied to the Indebtedness or the repair �r �estaration Q� the Praperty. The net
<br /> proceeds of the award shall rnaan#he award after payment afi all reasonable cost�, expenses, and attvrneys' fees
<br /> incurred by Trust�e or Lender in cannection with the cvncfemnatian.
<br /> IMP�SiT14N QF TA]CES, FEES AND CHAR�ES BY GOVEANtNENTAL AUTHQRITIES. The following pr�visians relating
<br /> to govemmental taxes, fees and char�es Sre a part of this Deed af Trust:
<br /> Current Taxes, Fees Snd Charges. Upan request by Lend�r, Trustor shall execute such do�uments in addition to
<br /> �his C�eed�f Trus#and take whate�er other acti�n is requested by Lende�to perfect and continue Lender's lien on
<br /> the Real Property. Trustor shall reimburse Lende� for all taxes, as �escribed beE�w, together with �II ex�enses
<br /> incurred in �ecvrding, perfecting or continuing this Deed af Trust, including withaut limitatiorr �fl taxes, fees,
<br /> d�cum�ntary starnps, and❑ther charges for re�arding or regis#ering this Deed af Tru�t.
<br /> T�xes. The �ol�owing shali canstitute tax�s to whiGh this sectian applies: �1} a spe�ific tax upon th�is type o�
<br /> Deed of Tfust ar upon all or any part of the Indebtedness secured bY this Deed ofi Trust; I�f a specific tax on
<br /> TrUstor which Trustor is authorized ar required to deduct from p�}�rnents on#hs Indebte�ness secur�d by this type
<br /> of Deed af Trust; �3� a tax on this type af Deed of Trust char�eable against ihe Lender ar the holder❑f th�Note;
<br /> and �4` a specific tax on all or any partion af the lndebtedness �r on payments of prin�ipal and interest made by
<br /> Trustor.
<br /> Suhs�quent Taxes. If any tax to which this s�ctian applies +s enacted subsequent to the d�te o� this Dead af
<br /> Trust� this e�ent shall have the same effect as an Event of Default, and Lender may exercise any or all af its
<br /> a�ailaale r�rnedies fvr an Event of De�ault as pro�ide�f t�elow unless Trust�r eiiher [1 j pays the �ax before it
<br /> bec�mes dQlinquent, or {Zy contests the tax as pra►►ided abo�e in the Taxes and Liens section and dep�sits with
<br /> Lend�r cash or a suiiicient corporate surety hand vr vther se�urity satisfa�tary to Lender.
<br /> SECURITY AGREEMEIVT; FlNANGING STATEMEAITS. The following provisians relating to this Qesd of Trust a$ a
<br /> security agr�ernent are a part of#his Deed of Trust:
<br /> Security Ag�eement. This �nstrument sh�ll canstitute a �ecurity Agreement ta #he extent any �f th� Praperty
<br /> �onstitutes fixtures, and Lender shall ha�e all vf th� rights�f a s�cured party under the Unifiarm Commercial Code
<br /> as arnend�d from time to time.
<br /> Security lntere�t. Upon request k�y Lend�r, Trustar shail take whate�er a�tion is requested by Lender cv perfect
<br /> and continue Lender's security interest in the Rents an� Personal Property. In acldition to recording #his Deed af
<br /> Trust in the real property re�ards, Lsnder may, at any time and withaut further authorization fr�m Trustor, file
<br /> executed count�rparts, copies �r reproducti�ns �f this Deed af Trust as a financing statement. Trustor shall
<br /> reimburse Lender for all expenses incurred in perfecting ar continuing this se�uri#y interest. Upan default, Trustar
<br /> shall not remo�e, se�er or de#ach the Personal Praperty frvm the Property. Upan default, Trustoc sh�ll assemble
<br /> any Personal Property nat affi�ced ta the Praperty in�manner and at a place reasonably convenient ta Trustar and
<br /> Lender and mak� it a�ailable ta Lender within three �3f �ays after rec�ipt of written d�mand fram Lender t4 the
<br /> ext�nt permitted by applicable law.
<br /> Addre�ses. The mai�ing �ddresses vf Trustor �debt�r� and Lender �secured party} from which inforrnatian
<br /> cvncerning th� se�urity interest granted by this Deed of Trust may be obtained �each as required by the Uniform
<br /> Commercia� Code� ar��s stated�n the first page af this Dee��f Trust.
<br /> FURTHER ASSURANGE�; ATTORNEY-�hI-FA�T. The following pro�isions relating to further assurances arrd
<br /> att�rn�y-in-fa�t are a part of this❑eed of Trust:
<br /> Fur#her Assurances. At any time, and from time to time� upon request of Lender, TrustQr will m�ke, execut� and
<br /> deli�er, ai will cause t�be made,ex�cuted�r deli�er�d,to Lender or to Lender's d�signee, and wh�n requ�sted by
<br /> Lend�r, C8115� td be fi�ed, r�corded, refiled, ar r�recarded, as th� case may he, at such times and in su�h afi�ic��
<br /> and places as Lender rnay deem apprapriat�, any and all such mortgages, de�ds af trust, security deeds, se�urity
<br /> agreements� fin�ncing statements, c�ntinuati�n statements, instruments af further assuranc�, Gertificstes, and
<br /> vther docum�nts as may. in the sale opinian of Lend�r, be necessary or desirable in vrd�r to effectu�te, �omplete,
<br /> perfect, ��ntinue, or preserv� ��} Trustar's obligations under the Note, this Qeed of Trust, 8nd the Relate�
<br /> aocun�ents, and {21 the liens an� security int�r�sts�reated by this Deed oi Trust as first and prior lien� �n the
<br /> Praperty, whether now vwned or hereaiter��quired ay Trustor. lJnless prohibited hy�aw ar Lender agrees to the
<br /> cvntrary in writing, Trustar �hall reimburse Lender far al1 c�sts �nd expenses incurred in conne�t+on with the
<br /> matte�s r�ferred to in this paragraph.
<br /> Attorney-in-Fact. If Trus#or fails to da any of the things referred ta in the p�eceding paragraph. L�nder rnay d� s�
<br /> for and in the na�me of Trustor �n� �t Trustar's exp�nse. For such purpases, Trustar Fr�reby irre��cabiy appaints
<br /> Lender as Trustor's attorn�y-in-fact for the purpose of rnakin�, executin�, delivering, filing, recording, and doing all
<br /> ather thin�s as may be necessary or desirable, in Lender's sale �pinion, to accomplish the matters re�erred to in
<br /> the preceding paragraph.
<br /> FULL PERFaRMANCE. If Trustor pays afl the Ind�btedness, includrng w�th�ut limitation all future ad�ances, when due.
<br /> and vtherwise p�rfQrms ail the abligations imposed upon Trustar under this aeed of Trust, Lender shali �xecute �nd
<br /> deliver ta Trust�e a requ�st fvr fuli reconveyan�e and �hall execute and deliver to Trustar suitabl� statements of
<br /> termination of any financing stat�ment an file e�idenciny Lend�r's securfty interest in the Aents and #he Parsonal
<br /> Property. Any reconveyance fee required by law shall be paid by Trustor, if permitted by applicable Isw.
<br /> EYENTS OF QEFAULT. Each a�the following, at Lend�r's option, shall constitute �n E�ent af D�fault under this Deed
<br /> of Trust:
<br /> Payrnent Default. Trus#ar fa�il$t�make any payment when due under the Indehtedness.
<br /> �th�r Defaults. Trustar fiails to ��mply with or ta perform any athe; #erm, ob�+gation� cou�nant ar candition
<br /> contained +n this Qeed of Tru�t vr in any af th� Related a�cuments or ta comply with or to per�arm eny term,
<br /> abligation,covenant ar candition contained in any ather agreem�nt hetween Lender and Trustor.
<br /> Campliance Def�ult. Failure tv cornply with any other term, obliyatian, ca�enant or �anditian eontain�d in this
<br /> D�ed of Trust, the Nate ar in any of the Related Documents.
<br /> Default on�ther Payments. �aElure of Trustar within the time r�quired by this D��d a�Trus�ta make 8ny payment
<br /> for xax�s�r insur�nce,ar any other payment nec�ssary to pre�ent filing af or to effect discherge of�ny li�n.
<br /> D�f�ult in Fa�ar of Thir� Parties. Shau�d Grantor default under any ioan, extensian of credit, security agreem�rrt,
<br /> purchase or sa��s agreement, ar any other a�re�ment, in favar of any other�reditvr �r person that may ma#erially
<br /> affect any vf Grantvr's property ar Grant�r's ability ta repay the Ind��tedn�s� ar Grantor's a�ility ta �erforrn
<br /> Grantar's abligatians un�er this Deed v�Trust or any�f the Rela#ed Q�cumen#s.
<br /> False Statements, Any warranty, repr�sentation or s#aternent made or fiurnished t� Lend�r by Trustor ar on
<br /> Trustor's b�haif under#his Qsed of Trust or the Related Dacuments is false or m�sleading in any rnateriai respect,
<br /> e+ther now or at�he t+me made ar furnished or becomes#alse ar misl�ading at any time thereafte�.
<br /> ae'Fe�ti�e Cvllatgrali�ation. This Deed of Trus# or any �f the Related Documents ceases to 1ae in full fQr�e and
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