|
2� 1 ��83�4
<br /> �E`EC� �F T'RL��T'
<br /> Loan �Io: 'i U'I 3��7�4 ����ti���d} �'age 5
<br /> any prviceeding ar purchase in iieu❑f candemnatian, Le�der may at its elecfiion require tha��1! ar any portivn �f�he
<br /> net praceeds af �he award be appl�ed �� �he Indebtedness vr the repair ar res�orat�on of �he Property, The ne�
<br /> proceeds ofi the award shalf rnean �he award after paym�nt of a�� reas�nab�e costs, expenses, and attarneys' f�es
<br /> incurre� by Trustee or Lender in connectian with�h� cvndemnation.
<br /> IfViP�51TfDtV �F TA�CE�, FEES AND CHARGES BY GUVERIVME[�TAL AUTHORITIES. The �olf�wing pro�isians relating
<br /> �a ga�ernmen�a��axes, fees and charges are a Par�of this aeed v�Trus�:
<br /> Curr�nfi T�xes, Fees and Charges. �'pon request by L�nder, Trustor sha�l execu�� su�h dacumen�s in addifian ta
<br /> this �eed af Trust and take wha�e�er��her action is requested by Lender t❑ perfe�� and �ontinue Lender's [ien on
<br /> the Re�l Property, Trus�or shall reimburse L�nder far all �axes, as described beCow, tagether wi�h al� �xpenses
<br /> incurred in recvrding, pe�fecting ❑r �on�inuing this Deed v� Trust, including withvu� limitation alI taxes, fees,
<br /> do�umentary stamps, and other charges far recording or�egis�er€ng�his C�eed a#Trust.
<br /> Taxes. The following shall constitute taxes to which this se�tian applies; ��� a specific �tax upvn this �ype of
<br /> Deed o�Trus�t ar upo�n ail or any part o# �h� [ndeb��dness seGured by this Dee�d of Trust, ��� a specifi� �ax an
<br /> Trus�or which Trus�or is au�thari�ed ar required �kv deduct from payments an�he indeb�edness secured by�h'rs type
<br /> o� Deed o�Trust; �3} a �ax on this type of L7eed o�Trust chargeable against the Lender ar the holder nf the Note;
<br /> and �4y a speci�ic �ax on al( ❑r any port�on o�the Indeb�edn��s �r on paym�nts a� principai and interest made by
<br /> Trustor.
<br /> 5ubsequent Taxes, If any tax tv wh��h this section applies is enacted su�sequent �a the date 4� �h15 ❑eed of
<br /> Trust, this event shall have the same effect as an E�ent af Default, and Lender may exercise any �r ai) �f its
<br /> a�ailable remedies f�r an E�ent �f ❑e�Fault as provided 1�elow unless Trustar either �1� pays the �ax before i�
<br /> becomes delinquentr or {2} �ontes�� �he tax as pro�ided abv�e �n �he Taxes and Liens sectior� and depvsits wi�h
<br /> Lender cash or a sufficient corpara�e surety hond ar ather securi��satisfactory fia Lender.
<br /> SECURITY AGREE�IIENT; FINAN�IIV� STATEMEIVTS. The following pro�isians relating �a �his D�ed of Trust as �
<br /> security agreement are a par��r�this Deed of Trus�:
<br /> 5ecurity Agreement. This rnstrument shal� canstitute a Securi�y Agreetment �❑ �he ex�en� any af the Property
<br /> cons�itutes fixtures, and Lender shall hav� ali ❑��he rights of a seGUred party under the Uni�orm Commercial C�de
<br /> as amended�rom time to time.
<br /> Security 1n�eres�. Upon requesl� by L�nder, Trusta� sha11 take wha'�e�e� ac�ivn is requested by Lend�r �❑ perfect
<br /> and cantinue Lender`s se�urity in�erest in the Ren�s and Persana! Property. In add�tian to recarding th'rs aeed of
<br /> Trust in the real property records, Lender may, at any time and withvut �urther autho�i�ation �rom Trustvr, �file
<br /> executed cvunterpar�s, co�ies or repraductions �f this Deed ❑� Trust as a financing sta�ernent. Trustar shaii
<br /> reimburse Lender �or all expenses incurred in per�ecting vr cvntinuing �h�s security in�erest. Upvn de#ault, Trustar
<br /> shall not remove, sever ar de�ach the Per5onal Praper�y �ram the Prvper�y. �pan de�Fau[t, Trus�v� shall assemble
<br /> any Persanal Property nvt affixed to �h� Prape�ty in a manner and at a place r�asanably cvn�enient ta Trustvr and
<br /> Lender and make it available �v Lender wi�h�n �t�ree {3� days af�er re�eipt of wri�ten dema�n� from Lender to �he
<br /> extent perm�tted by applicahle law. ,
<br /> Addresses. The mailing addresses o� Trustor �deb�or} and Lender �se�ured party} fram ►nrhi�h infarri�atian
<br /> �vncerning the secur�ty interest granted by this Deed of Trust may be nbtained �ea�h as required by fihe Uniform
<br /> Commercial Cvde� are as stated ❑n the �irst page �fi this ❑eed of TrustE
<br /> FURTHER ASSURAfVCES; ATTQRNEY-IN-FACT. The fallovving pra�i�ions relating t❑ �ur�her assurances and
<br /> atto�ney-in�fact are a part❑�this Deed af Trusfi:
<br /> Further Assurances. At any time, and fram time to �ime� upan requesfi af Lend�r, Trustor w�ll make� execute and
<br /> d�li�er, or will �ause to be made, executed ❑r deli�ered, tv Lender or ta Lend�r's designee, and when r�quested by
<br /> Lender, �ause t� be fil�d, recorded, re�i�ed, or r�recarded, as �he �ase may be, at such �imes and in such �f�ices
<br /> and places as Lender may deem apprvpriate, any and a11 such martgages, deeds af trust, securi�y de�ds, securi�y
<br /> agreements, �inancing sta�ements, can�inuatian s�aternenfis, instrumen�s o� �urther assurance, certi#�icates, and
<br /> other documen�s as may, in �he svle opinivn o�Lender, be necessary vr des'rrable in ❑rder�o effectuate, �omplete,
<br /> perfect, continue, or p�-eserve {�y Trustvr's obligatians unde� the Nate, fihis Deed ❑f Trust, and �he Related
<br /> Documen�s, �r�d ��} the fiens and security in�eres�s crea�ed by �his []eed a�Trusfi as �irs� an� prior �iens an th�
<br /> Praperty, whe�her now �wned ar hersafter a�quired by T�ustor. Un[ess prohi�i�ed by faw o� Len�er a�rees ta the
<br /> �vn�rary in writ�ng, Trustor sha[I reimburse Lender fvr aIC casts and exp�nses inc�rred in eonnectian with the
<br /> matters refer�ed tn in this paragraph.
<br /> Attvrney-in-Fact. I�Trus�tar fai[s ta da any of the things referred �v in �he preceding paragraph, Lender may da so
<br /> for and in the name of Trustor and at Trust�r's ex�ense. Far such purpos�s, Trus�vr he��b� ir�e�ocably appvints
<br /> Lender as Trustor's a��orney-in-�act for�he purpase v� making, executing, de[i�ering, filing, recvrding� and dving a�i
<br /> ❑ther �hings as may be necessary vr desirahle, `tn Lender's sa[e apinion, ta ac�vmp[ish �he ma��ers referred to in
<br /> �h� prec�ding paragraph.
<br /> FULL PE1�F�R�JIANCE. If Trus�ar pays a[[ the Indebtedness, inc[uding wi�haut limitatian all �u�ure ad�ar�ces, v+rhen due,
<br /> and atherwise per�o�ms aIC �he abligations imp�sed upon Trustor under �his �eed �� �rus�, Lender shal� execute and
<br /> defi�er to Trustee a reques� fo� �ul) reconv�yan�e and s��ll execu�e and de[��er tv Trus�or sui�able sta�em�nts �fi
<br /> �terminatian of any financing statemen� ❑n file e�id�nc�ng Lend�r's s�curi�y in�eres� in the Ren�s and the Personal
<br />
|