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2� 1 ��4877
<br /> DE�D �F TRL�ST
<br /> �Continued� p�9� �
<br /> any praceed�ng vr purchas�in lieu af Gondemnatiqn, Len�ter may at its el�ctian require that a�l�r�ny port�an of the
<br /> net prviceeds of ths award be applied tv ihe indebtedness or the repair ar �estorativn vf the Prope�rty. The n�t
<br /> pra�eeds of the eward sh�ll mean the award �fter�ayment a�t all ressvnahl� eosts, �axRenses, and attarneys' fees
<br /> in�urred by Trustee ar Lende�in connectian with the condemnatian.
<br /> IMP�5ITI�N �F TAXES, �EES AND CHAHGES �Y G�VERNMEN7AL AUTHQRiTIES. The foliowing pro�isians �elating
<br /> to go�ernmental taxes, fees and�harges are a part vf this D�ed of Trust:
<br /> Cu�rent TBx�s, �ees �nd Charg�s. llpon request by Lender, Trustar shaif �xeGute such dacuments in add�tion to
<br /> this Deed ❑f Trust and take whate�er vther action is request�d by Lender t❑ perfect and continue Lender's lien vn
<br /> the Real Praperty. Trustc�r shal� reimburse Lender for all ta�ces, �s described helaw►, together with al� �xpenses
<br /> incurred in recording, perfecting ar continuing this Deed afi Trust, in�luding withvut �imitetion all taxes, f��s�
<br /> dacumentery stamps, and ather charges fvr re�ard�ng or registering this []eed of Trust.
<br /> T�xes. The follawing sha11 cvnstitute taxes t� whi�h this s�ction appliss: 41 y a specific tax upvn this type of
<br /> L�eed of Trust ar upan al! ar any part of the Indebtedness sgcur�d by this Deed of 7rust; t�f 8 speCifiC t8� on
<br /> Trusto�which Trustor is authorized ar require�tv deduct frvm payments an the Indehtedn�ss secured by this type
<br /> of Deec�of Trust; �3y a tax on this type of Deed of Trust ch�rg��k�le agains��he Lender o�r the holder 4f the N�te;
<br /> and �4] a specific�ax on all�r any pa�tivn o�the Indebtedness or on payments o�principal and inter�st made by
<br /> Trustar.
<br /> Subsequent Taxea. If any tax to which this sectian applies is enacted subsequent to the date af th�s ❑eed of
<br /> Trust, this e�en� shai! ha�e the same e�fect �s �n E�ent af ❑ef�ult. and Lender m�y ex�r�ise any or a�l of its
<br /> a�ailable remedies #or an E�ent of C3e�ault as pro�ided l�elow unless T`rustor either t�j pays the tax h�fore it
<br /> becames delinquent� ❑r ��y contests th�tax as pro�ided abo�e in the Texes �nd Liens section and deposits w�th
<br /> Lender cash or a sufficient Gorpvrate surety ba�nd vr oth�r security sat�sfectory to Lend�r.
<br /> SECURITY AGREEM�NT: FINANCI�VIG STATEMENTS. The follvwing prar►i�ions rel�ting t❑ this �qed of Trust �s a
<br /> .se�urity agreement are a p�rt of this�3eed of Trust:
<br /> Se�urity Agraem�nt. This instrument shall Gonst�tute a Security Agreement trs the �xtent any a� the Property
<br /> cvnstitutes fixtures� and Lend�r shall ha�e a�l af the Tights af a secured party under the Ur�ifarm Commerc�ai Code
<br /> �s amended trom time ta time.
<br /> Ss�urity in#erast. Upon request by Lender, Tfustar shall take whate�er act'ron is requeste�! by Lender to perfect
<br /> and continue Len�er's security int�rest in the Rent� an� Persanal Property. In �ddition to reca�rd'+ng th�s Deed of
<br /> Trust in the real property recvrds, Lender may, at any time and withvut furthsr au�horization �rvm Trustor, fiie
<br /> ex�cuted cvunterparts, cvpies c�r r�productians of this De�d of Trust es � financing stateme�nt. Trustofi shall
<br /> reimhurse Lender for�II expenses incurred in perfecting vr cantinuing this security interest. Ll�n detault, Trustor
<br /> shall not remo��, se�er or detach the Persvnal I�rc�p�rty fr�m the Property. Upon default, Trustor sh�l! asssmble
<br /> any Personal Property not a�fixed to the Property in a m�nner end at a p�ace reasonahly con�enient ta Trustor and
<br /> Lender �nd make it �►►ailable tv Lender with�n three �3f days efte�r r�ceipt of wri#ten demand frvm Lend�r to the
<br /> extent prermitted by appEic�ble�aw.
<br /> Addres�es. The mailing addresses ❑f Trustor �debtor� and L�nder �secured partyj from which information
<br /> concgrning the s�curi�y interest granted hy this �eed vf Trust may be vbt�ined �each as r�quir�d by the Unifvrm
<br /> �omr�n�r�i�l Cvde� are as stated on ths first pag�of this Deed❑f Trust.
<br /> �URTHER A55URANCES; A7"7�RNEY-IN-FACT. The following pro�isians relating to further assurances end
<br /> attvrney-in-f�ct are a par�of this Deed Qf Trust:
<br /> Furthar Assurances. At any time, and fram time to time, upan rsquest o� Lender, Trustor wit� make, execute and
<br /> delir►�;r,or will Gause to he made, executed or d�li�ered�tv L�nder❑r tv Lender's designe�� �nd when requested by
<br /> L�nder, cause to �e fi�ed, recorded, refiied, ar rerecorded, as the case may be, �t such times and in such affices
<br /> and p�aces as Lender may deem apprapriate, any and all su�h martgages, deeds vf ttust, secu�ity deeds, security
<br /> e�reements, finan�ing statements. Gvntinuatian statements. instruments rsf fur�h�r assuranc�, certificat�s, and
<br /> other documents as may, in the sol� apinian of L�nder, he ne�essary�r desirable in order to effactuate, complete,
<br /> perfect� cvntinue� or preser�e ��y Trustor's obligatians under the Note, this Deed of Tru�t� and the Related
<br /> a�cuments, and ��j the liens and security interests c�eated by this ❑eec� of Trust as first and prior ii�ns an the
<br /> PropertY. whether nvw awned vr herea�t��acquir�d by Trustor. Unless prvhihited by law ar L�nder agr�es#o the
<br /> contrary in writingt Trustor shall �eimburse Lender for ali costs and expenses incu�red in cannection with the
<br /> matters referred ta in thfs parag�aph.
<br /> Attarney-in-Fact. �f Trustvr fails tv do any �f the things refe�red tv in the preG�ding paragraph� Lendg� may do so
<br /> #or �nd in the name t��Trustar and at Tru�tar's expense. For such pu�poses� TrustQr her�by i�re�vcab�y eppvints
<br /> Lender as rrustar's attorney-in-fact�or the purpose of making,exe�uting, deli�ering, filing� re�ording, and dfling a�!
<br /> ot�er things as may he neces�ary nr desiraale, in Lender's sol� opinion, tca accomplish the matters r�ferred ta in
<br /> the preceding paragraph.
<br /> FULL PERF(]RMANCE. If Trustar p�ys all ths Inde��tedness, inc�uding without limitatian all future ad�ances, when du�,
<br /> and otherwise p�rfarms all the �bligatinns impvsed upan T�ustor under this Deed o� Trust, L�nd�r shall execute and
<br /> deli�er ta Trustee a request for #ull r�con�eyanc� and shall execut� �nd defi�e� tu Trustor suitable statements �f
<br /> termination vf �ny financing statement vn file e�idencing Lender's security int�reslt in the Rents and the Persvnal
<br /> Pr�perty. Any recon�eyance f�e required by law shall he paid by Trustor, if perm�tted by applicable law.
<br /> EVENTS �F DEFAVLT. Ea�h of the fvliowing� at Lender's optian, sha�l �on�titute an E��nt of D�feult under this Deed
<br /> of Tr�st:
<br /> Payment Dafau�t. Trustor fails#a m�ke any p�yment wh�n due under the Indebtedness.
<br /> �]th�r Def�ul�s. Trustor fails ta comply with ar to perfvrm ar�y other term, abligation, co�enant vr �ondition
<br /> con#ain�d in this ❑eed vf Trust or in eny of the Related ❑v�uments ❑r #o cvmply with or to perform any term�
<br /> o�lig�tion, ca���nant ar cand'+tion contain�d in any vther agrgernent I�etwaen Lender and Trustor,
<br /> Compliance Dafault. Faiiure to comply w�th �ny other term, abligation, Cv�enant ar cvndition contained in this
<br /> deed vf Trust,the Nate or in�ny of the Related Documants.
<br /> Dafau�t on Dther Payments. Failure a�Trustvr within the time required hy this Degd of Trust tn mak��ny payment
<br /> for t�xes or insurance,�r any other payment n�cessary tv pr�uent filing of vr to effe�t dis�h�rge�of any li�n.
<br /> Default in Fa�a�r v�Third Parti�s. Shou�d Gr�ntor default under eny laan, �xtensian of cr�dit, seeurity agreement,
<br /> purch�se or s�les agr�ement, or any vther agreement. in fa�ar o� any other creditor vr pgrsan�hat m�y materially
<br /> aff�ct eny of Grantar's property or Gr�ntor's ebility to repay th� Indebtedness ar Grantor's ability to perfvrm
<br /> Grantor's abligatians under this Deed of Trus#ar any❑f the R�lated Dacuments.
<br /> Falss St�tements. Any warra�nty, repr��sntativn �r s#atement made or furni�hed tv Lender by Trustar or on
<br /> Trustor's behal� under this Deed vf Trust or the R�lated Do�uments is false or misleading in�ny material respect,
<br /> eith�r n�w�r at�h�time mad�or furn�shed or becomes false a�r misls�din�at any tim�thereeftgr,
<br /> defect��e CoMaterali�ation. This Qeed af Trust or any vf the Reiated ❑acuments ceases to be in full force and
<br /> effect �including failure vf any callateral dvcument ta create � �alid and per�e�ted ��curity inter�st�r lignf at any
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