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2� 1 ��47�5 �EED �F TRUST {C�nt�tl�ed} Page 4 existing lien. Trusfor expressly cv�enan#s and agrees to pay, ❑r see�o the payment vf, the Existing �ndebtedness and ta pre�en�any de�au�t an such indehfedness, any default under the ins�ruments evidencing such indeb�edness, or any default under any security dacuments fvr su�h indeb�edness. No Nlodificativn. Trus�vr shall not enter intv any agreement with the halder of any mor�gage, deed af�rust, vr other se�uri�y agreement ►nrhich has priority o�er this D�ed nf Trust by which tha� agreemen� is mvd�fi�d, amended, ex�ended, ❑r renewed with�u� �h� prior written consent o� Lender. Trustvr shall n�ither request nv� accep�any�u�ure ad�ances under any such security agr�emenf wifhout�he prior written cansent❑f Lender. C�NDEMNA�'1�N. The faffowing pro�isions re�a�ing to condemnation pra�eedings are a part Qf this Deed flf Trust: ProceEdings. I� any proceeding in condemnatiQn is filed, Trustar shal� promptly notify Lender in wri�ing, and Trustar shall pramp�ly take such s�eps as may be necessary to defend the act�on and abtain the award. Trustar may be the nominal parky in such proceeding, bu�Lender shalf be entitled ta participate in the pr�ceeding and�o be represented in th� proceeding by counsel a� its own chvit�, and Trustor wil� deli�er or cause�o be deli�ered �o Lender such instrumen�s and dacum�ntation as may be requesked by Lender firom time to time to permit such par�icipa�ion. Applica�ion vf Ne'� Praceeds. i�a�l or any part a�the Property is condemned by eminent domain proceedings ar by any proceeding or purchase in lieu af cond�mna�ion, Lender may at its e�ection require that a�l or any porkion of�he � net proceeds af�he award be applied tv the Indeb�ednP�� vr the repair or restoration of the Pr�pe�-ty. The ne� proceeds af�he award shal� mean the award a�ter payment of a!f reasonab�e costs, e�cp�nses, and attorneys'�e�s incurred by Trus�ee�r Lender in�anneG�ian with�he condemna�ion. �MPDSITI�N �F TAxES, FEE5 AND GHAR�ES BY G�VERN1111ENTAL AUTH�RITIES. The �ollo�ing prvvisions relating �o g�vernmental taxes,�ees and charg�s a�-e a part v�this Deed o�Trust: Gurrent Taxes, Fees and Charges, Upon �equest by Lender, Trusto�shaff exe�ute such documents in addition �a th�s Deed of Trust and take wha#ever o�her activn is requested by Lender tQ pertect and c�ntinue L�nder's �ien an the Real P�operty. Trustvr shall reimbu�se Lender fvr all taxes, as des�ribed below, #ogether with a�l expenses incurred in recording, perfecting or continuing �his Deed o� Trust, in�luding wi�houfi I�mitation al� taxes, fees, documentary s�amps,and�the�charges for re�arding vr registering this Deed of Trusfi. Tax�s. The fo�lowing shalf �onst'rtute taxes tQ which this section applies: ��} a specifEc �ax upon �his type o� Deed ❑�Trust vr upan al� or any part af th� lndebtedness secured by this Deed of Trust; ��} a specifiG �ax an Borrower which Borrower�s autharized or required to deduc�from paymen�s on �he Indebtedn�ss secured hy this type ❑�F Deed of Trust; (3} a tax on this type of Deed of Trust chargeable against th� Lender or�he hofder of tl�e Note; and �4} a specifi� tax on afl vr any par�ion afi the Indebtedness or on payments of principal and interest made by Borrower. Subsequent Taxes. �� an�tax �o which this section applies is enacted subsequent to the date �f this Deed of Trust, this e�ent shall ha�e the same �ffect as an Ever�t ❑� De�ault, and Lender may exercise any or ai! of i�s a�ailabl� remedies for an E�en� af Defauit as provid�d below unless Trustar either �'I} pays the tax before it hecomes delinquent, qr ��} con�ests the tax as pra�ided a�o�e in th�Taxes and Liens sectian and depasits wi'�h Lender cash ar a sufficient cvrparat�surety bond ar ather security satisfac�ory to L�nder. SEC�RITY AC�REEMENT; FiN►4,NCING STATEMENTS. The fallowing pra�isiQns refating to this Deed a�F Trust as a security agreement are a part af this De�d of Trus�: 5�cur�ty Agreement. This instrument sha�� consti�ute a 5ecuri�y Ag�-e�m�nt tv the extent any of the Praperty cons�ifu�es fxtures, and Lender shall ha�e afl af the rights o�a secured party under the Unifa�m Cvmmercial Cade as amended firam firne�o time. S�cur'rty Int�resf. Upon reques� by Lender, Trustor shaff take whate�er ac#ion is requested by Lender ta perfe�t and cvn�inue Lender's se�urity interes� in the Rents and Persanal Praperty. �n add'€�ian ta reco�ding th�s Deed af Trust in the real property recards, Lende� may, a� any time and wi�hout �urther autharization from Trustvr, fil� executed counterparts, cop�es or rep�-vductions of this Deed a� Trust as a financing statemen�. Trus�or shai[ re�mburse Lender for ali expenses incurred�n perfecting or cvntinuing thFs secu�ity in�eres�. Upon defauit, Trustar shall not �remave, s��er or de#ach the Persana[ Property fram the Property. Upan defau��, Trustor sha�� assemble any Persanaf Prop�rty not a�fixed ta the Property in a manner an�at a pface reasonably cvnvenien�to Trustor and Lender and make it a�ailable to Lender with in three �3} days after r�ce�pt ofi wrifiten demand from Lender to th�e ex�ent pe�-mit�ed by applicable iaw. Address�s. The mailing addresses of Trustor �debt�r} and Len�er �secured party} fram which informatio� evncerning the security interest granted by #his Deed of Trust may he obtained �each as required by the Uniforrn Cammercial Cade}are as stated on the first page of this Deed of Trust. FURTHER ASSURANCES; ATT�RNEY�IN-FACT. The faffowing provisions rela�ing �o further assurances an� attvrney-in-�act are a par�of this Deed o�Trust: Further Assurances. At any time, and from time�o time, upon r�quest of Lender, Trustor wifl make, execu�te and defi�er, o�-w�ll cause to be made,exe�u�ed or del��ered,to Lender o��v Lender's designee,and wh�n�equested�� Lend�r, ca use to be fi 1 ed, recvrded, ��fi 1 ed, or rerecorded, as�he case may be, at such ti mes and i n Such affi ces and places as Lender may deem appropriate, any and al� su�h martgages, deeds of trusfi, security deeds, securii�y agreemen�s, financing s�atements, con#inuation sta�ements, instruments of further assuranoe, �ertificates, an�i other dr�umen�s as may, in�he so�e opinFon o€Lender, be ne�essary�r desirable in ard�r to e�fectuate, complet�, per-�ect, c�nfinue, or preserve �'!} Bor�vwe�s and T�us��r's obligations unde�the Note, this Deed vf Trust, and the Related �]ocumer�rts, and �2� the[iens and security in�eres�s created by this Caeed af Tnas�vn the Property, whether nvw owned ar hereaf�er acquEred by Trustor. Un1Ps�prohibEted by law or Lender agre�s tv the contrary in writing, Trustor shall reimburse Lend�r fvr all cost�and expertses incurred in�onnectian with�he matters referred to i n th is paragraph. Attorney�in-F�ct. If Trustor�ails to d❑any af the things referred tv in�he preceding pa�agraph, Lender may do so �or and �n the name o�Trustar and a�Trustor's expense. For such purposes, Trustor hereby irre�ocabiy appvints Lender as Trustor's attarnay-i n-fiact fvr the purp�se vf making,executi ng,del i�eri ng, fi 1 i ng, reGordi ng, and doi ng al� othe�things as may be necessary or�desirable, in Lende�'s sole apinion, to accamplish the matters referred�o in �he preceding paragraph. FIULL PERFORMAN�E. If Barrvwer and Trustar pay a�l �he lndebtedness, incfuding w�thout limitation al� �uture ad�anoes,when due,and Trustvr otherwise perForms all the Qbfigations imposed upan Trustor under�his Deed of Trus�, Lender sha[I �xecu�e and deli�er ta Trustee a request for full reoon�eyanc� and shall execute and deli�er to Trustor� sui�able statements of termination o�any finanGing sta�emenfi on f 1e e�idencing Lender"s securi�y int�rest in the Rent� and the Persanaf Property. Any �econ��yance fee requir�d by I�w shalf be paid by Trustor, if permitted by app�icab�e f aw. EVENTS OF DEFAULT. Each af the follvwing, at Lender's op��on, sha11 �onsti�ute an Event af Default under this Dee� af Trust: Payment Default. B�rrower�'ai�s�o make any payment when due under the Indebtedness.