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2� 1 ��4� 12
<br /> C]�E� �F TRUST
<br /> �Continued} page �
<br /> any proceeding ar purchas�in�ieu vf candemnatian, Lender may at its ele�tian require that all or any part��n of the
<br /> net proceeds of�he �ward be applied �o the �ndebtedness vr#he repair or restoration of the �roperty. The net
<br /> proc�eds❑�the award sha�l m��n the award after pa�►ment�f all reasanabie costs, expenses, and attorneys'fees
<br /> �ncurred by Trustee or Lender in cvnne�tion with the condemnativn.
<br /> lMP4SITIQN ��TA]CES, FEES AND CFtAt��ES BY GDU�RNMENTAL AUTHQRlT1�S. The following pravisions relating
<br /> to go�ernmental t�xes,fees and charg�s are a�art o�#his �eed vf Trust:
<br /> Current Taxes, FeQs and Charges. Upan request by Lender, Trusfor shati execute s�ct� docum�nts i� add�ti�n to
<br /> this Deed vf Trust and take whatever athe�ac�ion is requestad by Lender t� per�ect and continue Len�er's lien�n
<br /> the Real Pr�perty. Trustor sha�� reimb�rse Lender far a�� taxes, as descr�bed be�vw, togeth�r with ali expenses
<br /> incurred in recording, pe�fscting or c�ntinuin� #h�s D�ed o� Trust, �ncludi�� w�thout limitat�an all taxes, fees,
<br /> dacumentary stamps,and a#her charges f�r rec�rding ar registerin�this Deed of Trust.
<br /> Taxes. The fvllowing shall constitute taxes to which this section app�ies: {�} a speG�fic tax upon this type of
<br /> Deed af Trus#or upon al1 or any parf of the �ndebtedness secured by this �eed of T�ust; ��} a specific tax on
<br /> Trustvr which Trustor is authorized or requ4red to de�luc#from paymen#s��the fndebtedness secured�y this type
<br /> of❑eed af Trust; t3} a tax an this type o��3eed�t Trust�harg�abl�against the Lender or the ha�der o�the Cr�dit
<br /> Agreernen�; and �4� a specific tax an al� or any pnrt�on of the Indebtedness vr on payments uf principa� and
<br /> �nterest mad�bY T�us#or.
<br /> S�l��equent Taxes. �f any tax ta which this s�ct�an app�iss �s enacted subs�quent to �he date o�this De�d of
<br /> Trust, �his e�ent shall ha�e the same effec� as an Euent of Qefault, and Lender r�y exerase any or a41 of its
<br /> avai�ab�e nesr�dies far an E�t of Qetault as pro�ided be�ow un�ess Trustar either �1} pays the tax be�ore it
<br /> beoom�s�elinquent,or� ��� contests the#ax as pro�ded abo�e in the Tax�s and Liens section and depvsits with
<br /> Lenc�er cash or a suff cient corpvrate surety k�vnd Qr ather securi�y satisfactory to Lender.
<br /> SECU�tlTY AGREE�IIENT; �iNANGIhi� Sr�ITEME�VTS. Ths �o��owing �rvvisions ��lating ta this Deed of Trust as a
<br /> securi�y agreement are a part af this Deed o€Trust:
<br /> Security Agreement. This inst�ument shall cans�itiute a Security Agreement ta the ex�ent any vf the Property
<br /> c�nststutes fixtures, and Lender sf�a[i have a�i❑��he righ�s at a secured party under#he Uniform Commerciat C�de
<br /> as arnended from�ime�o time.
<br /> 5ecur�ty Int�rest. Upan request by Lender, Trustor shall take whate��r actian is requested b�r Len�der#o p�r€�cf
<br /> and cantinue Lender's security interes�in the Persana� PrQp�rty, in add�tian ta rec�o�d�r�g th�s Qeed af Trust in t#�e
<br /> real property recflrds, Lender may, at any tim� and withvut furthe� authar�za#ivr� f�vra� Trusto�, f fe executed
<br /> counterparts, copies or repr�du�tivns of �his Dee�d �� Tr�s# �rs a financing siatement. Trustor shall reimburse
<br /> Lender for a�l expenses incurred in pe�fe�#ing or con#inuing #h�s secur�ty interest. Upan default, Trustvr shall not
<br /> rsmo�e, sever ar �et�ch #he Pers�nal Proper#y frorn the Proper�y, llpan default, Trustar shall assemble any
<br /> Persona� Prapert� r�ot affxed tv the Prop�rty in a manner an� at a place reasonably can�enient to Trustor and
<br /> Lender and m�ke �t availab�e to Lender within three �3} days after receipt o�written demand fram Lendec fa the
<br /> ext�nt p�rmitted b�app�i�able law.
<br /> �Iddresses. Th� mailtnc� addresses of Trustvr �debtor} and Lender 4secured party} from which information
<br /> concerning the s�e�ri#y interest granted by this De�d vf Trust may be obtained �each as requ+r�d by ths Uniform
<br /> Cor��nerc�al Code�are as stated an the first pa�e af this Deed af Trust.
<br /> FURTHER �SSURAN�ES; ►�TT�RNEY-#RI-FACT. The �oll�wing prauis�ons relating to furth�r assurances and
<br /> atto�'ney-�n-fact are a part of th�s Deed of Trust:
<br /> Fu rthe r Ass u ran ces. At any ti rr�, artid from#i me#o time, upon�quest vf Lender-, Trustar-wi I! make, execute and
<br /> de!i�er,or wi�I caus�fo be m�de,executed tx deli�rered,tv Le�nder or ta Lend�r's designee,and when requested b�
<br /> Lender, causE to be filed, reoor-ded, refi��d, ar , as th�c�ase may be, at such times and in such offices
<br /> �u-�d p�a�s as�enoler�nay de�r-r�appropriate, any ar�d alf sucY�martga�es, deeds ot trust, s�ri#y deeds, s�c�urity
<br /> 2�greemer�ts, fnancing s#atements, Qantinuation st�tements, instrumerrts af further assuranae, o�rtificates, and
<br /> ather c#ocumerrts a�may, in the sale opinian of Lender, be neaes��ary cx desirable in order ta efFectuate,oampiete,
<br /> pe�fect, Gontinue, ar preserve �1} Trustor's ob�igations under the Credit�reemerrt,this Ue�d of Trust, and#he
<br /> Raelated C7oaamer�ts, and �2} the �iens and s�curity interests aea�ed by�his Deed of Trust on the �vpe�t�y,
<br /> whether now v�nmed or her�f'ter aaquired by Trus�or. Un[ess prohi�ited by law or Lender a�rees to the cr�r�trary�n
<br /> writing, Trustvr shail reimburse Lender for a[i�sfs and incum�d in�nne�ct�on with the matters r�eferred
<br /> to in this paragraph.
<br /> Attvrney-�n-Fact. !#Tnast�r fai�s to dv any of the�hings referred to in the pt�eoeding paragr�ph, Lender�ay da so
<br /> fvr and in the n�me a�Trustor and at Trustvr's expense. Fvr such pur�ses, Trus�or fi���e�y irr�vocably appoan�s
<br /> Lender as l"rustos�s a�torney-in-facf fo��he purpvse of mak�ng,executing,de�i►�er��g, fil�ng, r�eoording,and d�ing all
<br /> other things 2is may be neoessary vr desirabte, �n Le�des's sole dpinion, to accom�lish the matt�rs r�ferred tv ih
<br /> �he preceding paragraph.
<br /> FULL P�RFDRMANCE. I�Trc,rstor pays a�l th�Indehtedness when due,terminates t�e cred�t�in�s��oount,ar�vt��rwise
<br /> performs all the obligations irr�d upon Trust�r uncier this�eed af Trust, Lender shall executs and deli��r to Tru�#ee
<br /> a request #ar full revon�eyana� and sha�� execute and del��ta Trustor su�ta��e statements v� t�rminatian o� any
<br /> f nancing statement on f�t� ��denc�ng Lende�'s secur��jr in��rest in the Rerrts and the F'er�ona3 Property. Any
<br /> re�on�eyanoe fee n�quired by lauv shall be�id by Trustor,if permitted by applicable�aw.
<br /> EVENTS �F�EFAIlLT. Trustor wil� be in deFault under tfi�is Deed of Trust�f any of the to�l�w�ng happen: �A} Trustor
<br /> cammits fraud or m�kes a mat�ria� misrepr�sentation at any ti+�ne in connectivn vuith the Credit A�reement. This can
<br /> include, fc�r examp�e, a #a�se statement ab�ut Trustar's income, asseis, liabilix�es} vr any other aspects a# Trustor's
<br /> fnanc�al cvnditivn, tB� Trf.tstor daes no�meet the repa�ment�erms vf the Gredit Agreement. �C} Trustor's acti�n or
<br /> inact�on ac�v�rs�ly affects the �allatera! or Lend�r's rights in the co3lateral. This can include, for example, failure to
<br /> mair�tair�requ�red insurance,wast�or dss#ructi�e use of the dwelling,failure ta pay taxes,�eath o#a!I persons liable on
<br /> #he ac�vunt, trans#er Qf title vr sale vf the dwelling, creation of a seniar lien Qn the dwei[�ng without Lender�s
<br /> permissian,fareclvsure by the holder af another 1ien,vr the use of funds ar#he dwelfing#or prvhib�ted purposes.
<br /> R�GNT5 AND RFA�FDlFS��I DFFAULT. If an Event o€Defaul�oc�urs under this Deed af Trust, at any#ime thereafter,
<br /> Tn�stee or Lender may exercise any ane ar more of the following rights and remediss:
<br /> ►�ccelerativn Upan Defauft;Ad��tiona�Remedies. �f any E�nerrt af Default�urs as per the t�rms of�he Credit
<br /> ►�qreement seQured he�eby,Lender may dedar�e all lndeb#sdness secured by this Deed af Trust t�be due and
<br /> paya�le and the same shal�ther�upan be�ome due and payable without any presentment,demand, protest or
<br /> nv'�iae of any kind. The�eafter,Lender may:
<br /> �a} Ei#her�n persan or by a�ent, with nr wr�thout bringing any ac#ion or �Oraceed�ng� vr by a reoeiver
<br /> appointed by a r�ourt anc!withau#rec�ar+d tv the adequa��y►af its securi�y, enter upon and take passe�sion
<br /> �f the Prvpert�,or an�part#hereof, in its own name or in the name�f Tr�ustee,and dv any ac�ks which it
<br /> d�;ems neoessa�or dssira�le ta preserve the�alue, ma�ketability v�rentability�#the Proper�ty,ar part o�
<br /> the Property ar interest in the Property; in�rease the inaom�fram the Pr�perty or protec�#he sacuri�ty vf
<br /> #he Property; and, w�th or without �aking possessian of the Property, $ue for ar otherw�se r.allec°t the
<br /> rents, issues and profits o�the property,including those pas#due a�d unp�id, and apply the same, less
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