2� 1 ��7277
<br /> DEED C]F TRUST
<br /> Lvan Na: '[�'I 2997�� �C�rltirlu�d� Page 5
<br /> CflNDEMNATI�N. The f�l�owing pro�isians relating to condemnation proceedings are a part af�his Deed of Trust:
<br /> Proceedings. If any proceeding in condemnatian is fi�ed, Trustor shall promptly notify Lender in writing, and
<br /> Trustar shal! promptly take such steps as may be necessary to defend the action and vbtain the award. Trustvr
<br /> may be the nominal party in such praceeding, but Lender shall be entitled ta participate in the proceeding and t❑ be
<br /> represented in the praceeding by counsel ❑f its awn choice, and Trustor will deli�er or �ause ta be deli�ered to
<br /> Lender su�h instruments and dvcumentativn as may be requested by Lender from time to time to perm�t su�h
<br /> parti�ipati�n.
<br /> Appli�ation af Net Prviceeds. If all ❑r any part vf the Praperty is cvndemn�d by eminent domain proceedings or by
<br /> any proceeding or purchase in lieu af candemnation, Lender may at its electian r�quire that all or any partian of th�
<br /> net proceeds af the award be appl�ed t❑ the Indebtedness ar the repair or restflrativn a# the Proper�y. The net
<br /> proceeds of the award shai# mean the award after payment of a1l reasonab�e Gvsts, expenses, and attorneys' fees
<br /> incurred by Trustee or Lender in connection with the can�iemnation.
<br /> IMP�5IT��N �F TAXES, FEES AND CHARGES BY G�VERNMENTAL AUTHaR1TIE5. The f�llawing pra�isians relating
<br /> t❑ go�ernmental taxes, fe�s and charges are a part❑f this Deed ❑f Trust:
<br /> Current Taxes. Fees and Charges. LJpan request �y Lender, Trustor shall execute such documents in add�tion t❑
<br /> this ❑eed of Trust and �ake whate�er other a�tion is requested by Lender t❑ perfect and cc�ntinue Lender's fien on
<br /> the Real Property. Trustor shall reimburse Lender for all taxes, as descr�bed below, toge'ther with a(I expenses
<br /> incurred in recarding, perfecting or continuing this D�ed vf T�ust, including without limitatian a�� taxes, fees,
<br /> documentary stamps, and ath�r�harges for recording ar registering this Deed of Trust.
<br /> Taxes. The fallvwing shall constitute taxes to which this sectian applies: �1} a specific tax upvn �his type ❑f
<br /> Deed of Trust or up�n ai! ❑r any part of the lndebtedness secured by this ❑eed ❑f Trust; �2} a specific tax ❑n
<br /> Barrower which Bvrrower is authorized ❑r required to deduct from payments ❑n the indebtedness s�cured by this
<br /> type ❑f Deed of Trust; �3y a tax on this type of Deed o�F Tru�t chargeable against the Lender or the halder of the
<br /> Note; and �4} a specifi� tax on all or any pvrtian ❑f the Indebtedness or on payments af principal and interest
<br /> made by Barrower.
<br /> 5ubsequent Taxes. If any tax tv which this section applies is enacted subs�quent ta the date of this De�d ❑f
<br /> Trust, this e�ent shall ha�e the same effect as an E�ent ❑f Default, and Lender may exercise any or all of its
<br /> a�ailable remedies for an E�ent of ❑efault as pra�ided below unless Trustvr either �1 y pays the tax before it
<br /> becomes delinquent, ❑r �2} contests the tax as prv�ided abv�e in the Taxes and Liens sec�ion and deposits wiih
<br /> Lender cash ❑r a sufficient corpora�e surety hond or o�her security satis�actary to Lender.
<br /> SECURITY AGREEMENT; FINANCIN� STATEMENTS. The follawing pro�isions relating to this Deed af Trust as a
<br /> security agreement are a part of this Deed af Trust:
<br /> Securi�y Agreement. This instrument shall cc�nstitute a Security Agreement to the extent any of the Prvperty
<br /> canstitutes fixtures, and Lender shall ha�e all of the rights a# a secured party under the Unifarm Cammercial Code
<br /> as amended from time to time.
<br /> Security In#erest. Upon request by Lender, Trustvr shall take whate�er action is requested by Lender t❑ perfect
<br /> and �ontinue Lender's security int�rest in the Rents and Persanal P�operty. In additivn tfl �ecording this Deed ❑f
<br /> Trust in the real proper�y records, Lender may, at any time and w�thvut further authorizatian from Trustor, fite
<br /> executed counterparts, �opies or reprvductions of this Deed of Trust as a financing statement. Trustar shall
<br /> reimburse Lender for all expenses incurred in perfecting or continuing this security inter�st. Upan default, Trustor
<br /> shall nvt rem��e, se�er or detach the Persvnal Praperty from the Pr�perty. Upon default, T�ustar shall assemhle
<br /> any Persvnal Property n�t affixed to the Praperty in a manner and at a place reasonably can��nient ta Trustor and
<br /> Lend�r and make it a�ailab�e to Lender within three �3� days after receipt ❑f written demand from Lender �❑ th�
<br /> exten�permitted by applicahle law.
<br /> Addresses. The mailing addresses �f Trustar �debtor� and Lender �secured party} fr�m which information
<br /> concerning the security interest granted by this Deed vf Trust may be abtained �each as required by the LJniform
<br /> Cammercial �ode} are as stated on the first page vf this D�ed vf Trust.
<br /> FURTHER ASSURANGES: ATT�RNEY-IN-FACT. The fvllowing pro��sions relating ta further assurances and
<br /> attarney-�n-fac� are a part of this ❑eed af Trust:
<br /> Further Assurances. At any time, and f�om tim� t❑ tim�, upon request of Lender, Trus#ar will make, execute and
<br /> deli�er, ar will cause tv be made, executed ar deli�ered, to Lender or to Lender's desi�nee, and when requested by
<br /> Lender, cause to be filed, recorded, re�tled, vr rerecnrded, as the case may be, at such t�mes and in such ❑ffices
<br /> and places as Lender may deem apprvpr�iate, any and all such mortgages, de�ds �f trust, se�urity deeds, security
<br /> agreements, financing statements, continuatian statements, instruments of further assurance, certifi�ates, and
<br /> �ther dvcuments as may, in the svle opinian of Lend�r, be necessary ar desirable in ❑rder to effectuate, complete,
<br /> perfect, cantinue, or preser�e t 1� Barrower's and Trustor's obligatians under the Note, this Deed af Trust, and
<br /> the Related Dacuments, and ��y the �iens and security interests created by this Deed vt Trust as first and prior
<br /> liens on the Praperty, whether nvw awned or hereaf�er acquired by Trustor. Unless proh�b�ted �y law ar Lender
<br /> agrees to the cantrary in writing, Trustor shall r�imburse Lender fvr a!! cnsts and exp�nses incurred in c�nnection
<br /> with the matters referred t❑ in this paragraph.
<br />
|