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<br /> DEED C]�F TF�UST
<br /> {��ntinued� Page 4
<br /> any prviceeding a�-purchase in Eieu of c�ndemna�ion, Lender may at its election require that all or any por�ion a�the
<br /> net proce�ds o� the award be applied to the Indebtedness or the repair or restv�ation o� the Praperty. The net
<br /> proceeds of the award shall mean �he awa�d after pa�m�nt af all reasvnable cvsts, exp�nses, and a��orneys' fees
<br /> �ncurred by Trustee�r Lender in connectian with the condemna�ion.
<br /> IMP4SiTIDN �F TAXES, FEES Ai�D CHARGES BY GC3VERNMENTAL AUTHDRITIES. The foilvwing pro�isions re�ating
<br /> ta go�ernmental taxes, fiees and charges are a part of this Deed af Trust:
<br /> Current Taxes, Fee� and Charges. Upon reques� E�y Lender, Trustor shal� exe�ute such documents in addition to
<br /> this ❑eed a�Trust and take whate�er other action ds �equested by Lender t� per�ect ant� con�inue Lender's �ien on
<br /> the Real Proper�y. Trustor shall re�m�urse Lender �or all taxes, as descr�bed below, toge�her with al� exp�nses
<br /> incurr�d in recording, p�rfe�tin� or cantinuing this L]eed af Trust, including withaut limi�a€ion all taxes, f��s,
<br /> documentary s�amps, and ather cha�ges �or recording or registering�his Deed of T�usfi.
<br /> �'axes. The fvllowing sha(I constitute taxes to which this sec�ion appli�s: �1 y a speci#i� tax upan �his type o�
<br /> Deed of Trust or up�n alf ar any part o�the lndebtedness secured hy th�s Deed v�Trust; ��� a specific tax on
<br /> Trus�ar which Trustor �s authori�ed vr required to deduct from payments on the Ind��tec�ness secured by this typ�
<br /> of Deed of Trust; �3} a tax on this type ❑f Deed of Trus�chargeable against the Lende�or the holder of�h� Note;
<br /> and �4} a specific �ax on a!l or any p�rtian af the Indebtedness ❑r on payments o� principal and �nterest made by
<br /> Trustvr.
<br /> Subsequen# Taxes. [f any tax to which this sec�ion. applies is enacted subsequent ta the date of this Deed o�
<br /> Trust, this e�en� shaff ha�e the same effect as an E�ent of Default, and Lender may exercise any or all a� its
<br /> a�aifable remedies for an Ev�nt ❑� Defau�t as prv�ided below unless Trustor either �'1� pays �he tax be�are it
<br /> becomes delinquen�, ❑r �2� contests the tax as pro�ided aba�e in the Taxes and Liens sect�on and deposits with
<br /> Lender cash or a sufFicient corporate surety�vnd ar o�her security satisfactary to Lender.
<br /> SECUR�TY AGREEMENT; FfNANCING STATEMENTS. The following pro�isivns relating to this Deed a�f Trust as a
<br /> se�urity agreement are a part of this Deed ❑f Trust:
<br /> Securi�y Agreemen#, This ins�rument shalf constitute a Secur�ty Agreemen� �o �he e�ctent any o� the Property
<br /> c�nstitutes fixtures, �nd Lender shall ha�e all of the rights ��a secured party under�he �niform C�mmercial Code
<br /> as amended from tirne to time.
<br /> 5ecurity Interest. L pon request by Lende�, T�-us�ar shall �ake whate�er action is requested by Lender to per�ect
<br /> and continue Lender's se�urity �nterest in the Ren�s and Persvnal Property. In addition tv r�carding this Deed o#
<br /> Trust in th� r�al property recards, Lender may, a� any time and withou# further authorizatian frvm Trustar, #il�
<br /> exeGuted counterpa��s, copies vr �-eproductions v� t�is Deed of Trust as a #inanc�ng stat�ment. Trustor shal�
<br /> re�mburse Lende� for all expenses incurred in per�ecting or con�inuing this security interest. Upon default, Trustar
<br /> shall not remo��, s��er ar detach the Personal Proper�y from the Prvper�y. Upon default, Trustar shall assem�le
<br /> any Persvnaf Prvperty not affixed to the Property �n a manner and at a place reasonably cvn�enient tfl ��us�or and
<br /> Lender and make it a�a�lable to Lender within three �:3� days a�ter receipt ofi writ�en demand �rom Lende�- to the
<br /> extent permi��ed by applicabfe 1aw.
<br /> Address�s. The mailing addresses o� Trustar ��ebtor� and L�nder 4secur�d party� frflm which in�ormation
<br /> concerning the security interest granted by this Deed of Trus� may be obtained �ea�h as required by the Uni�orm
<br /> Commerciai Code3 are as stated vn the first page v�this Deed af Trust.
<br /> FURTHER ►4SSURANCES; ATTQRNEY-IN�FACT. Th� �oiiowing pro�isians relating t� further assurances and
<br /> attorney-in-fiact are a pa��of this Deed of Trust:
<br /> Further Assura�nces. At any time, and #rom time �o ��me, upon request of Lender, Trus#flr wi�� make, execute and
<br /> deli�e�, or will cause to be made, executed vr deli�ered, to Lender or ta Lender's designee, and when reques�ed by
<br /> Lender, �ause to be filed, recorded, refiled, or rerecorded, as �he Gase may be, at such times and in such offices
<br /> and p�aces as Lend�r may de�m appropriate, any and alf su�h mortgages, de�ds ❑#trus��, security deeds, security
<br /> agreements, ��nancing statements, cont�nuativn s�a�ements, instruments of �urther as�urance, cer�ificates, and
<br /> �ther da�uments as may, in the s�l� vpinion �f Lender, be necessary or desirabfe �n �rd�r to effectuate, comp��te,
<br /> perfect, canfi�nue, or preserve �'!y Trustor's ohiigativns under the No�e, this ❑eed af Trust, and the Related
<br /> Documents, and 42� �he liens and security interests cr�at�d by this Deed vf Trust as �irst and prior liens on the
<br /> Property, whether n�w owned or hereafter acquired �y Trustor. Un�ess prohibited by !aw vr Lender ag�ees tv the
<br /> contrary in writing, Trustor shail reimburse L�nder #or aff c�sts and expenses incurred in connectfan with the
<br /> mafiters re�erred to in this paragraph.
<br /> Attvrney-in-Fac#. I�Trustor fails to do any ❑f�he things referred to in the preceding paragraph, Lender may do so
<br /> far and in the nam� of Trust�r and a�Trustor's expense. For such purposes, Trus�vr hereby irre�ocahly appoints
<br /> Lender as Trustor's attorney-in-�act for the purpose of making, ex��uting, deli�er�ng, filing, re�ording, and doing all
<br /> o�her things as may be necessary ar desirable, in Lender's sole opinion, to a�complish the matters referr�d to in
<br /> the preced�ng pa�agr�ph.
<br /> FULL PERFDRMANCE. 1fi Trustor pays aff the Ind�E�t�dness, �ncluding withou� limitation all fu�ture ad�ances, when due,
<br /> and othe�wise performs all the vbligations imposed upan Trustor under this Deed vf Trust, Lend�r shall execute and
<br /> deli�er to Trustee a request �vr �uii recan�eyance and shall execute and de�i�er to Trust�r suitabf� statemen�s of
<br /> #erminatian a� any finan�ing stat�ment on fi�e e�idencing Lender's security interest in th� Ren�s and the P�rsonal
<br /> Property. Any recan�eyance fee required by law shall be paid by Trus�or, if permitted by app�i�ab�e law.
<br /> EVENTS 4F ❑EFAULT. Each vf the follvwing, at Lender's �ption, sha�i cons�itute an E��nt a� Default under this Deed
<br /> of Trust:
<br /> Payment Defauit. Trustor fails tv make any payment�hen due under th� Indebtedness.
<br /> Dthe� Defaul#s. Trustor fai�s to comp�y with or �o perform any �ther term, o�a�igat��n, co�enant or condi�ion
<br /> cvn�ained in this ae�d of Trust or in any o� the Rela�ed Documen�s vr ta compiy w�th ❑r �o perform any te�m,
<br /> obligation, co�enant or conditian contained �n any other agreement between Lender and Trustor.
<br /> Compliance Default. Failure �o comply wi#h any other term, ab�igation, co�enant or c�ndition contained in this
<br /> Deed o�F Trus�, the Nvt�ar in any o�F the Rela�ed ❑vcuments.
<br /> ❑efault on�ther Payments. Failure af Trus�or within�he time required by this Deed of T�us�tv make any paymen�
<br /> �or tax�s or insuranc�, or any other paymen�necessary to pre�ent filfng o�or to e�fect di��harge of any lien.
<br /> De#ault in Fa�or o�Third Parties. 5hou�d Gran�or default under any loan, extension of credi�, security agre�men�,
<br /> purchase o� sales agreement, or any other agreement, in fa�or vf any ath�r cr�difiar ❑r persan that may materially
<br /> affe�t any ❑fi Gran�vr's property or Gran�vr's ability to repay the lndebt�dness or Grantor's ability t❑ pe��vrm
<br /> Grantar's obliga�ions under this Deed af Trust or an�of the Related �o�um�nts.
<br /> False Statemen�s. Any warranty, r�presentation or s�atement made or fu�nished ta Lender by Trus�or or on
<br /> Trustor's behal� under fihis Deed ❑�Trust v�the Related Documents is �alse or misleading in any ma�eriaf respect,
<br /> ei�her now or at the time made a��urnished or becam�s false or misleading at any time thereafter.
<br /> Defecti�e Collat�rali�atifln. This ❑eed o� Trust o� any o� the Rela�ed Documents �eas�s to be in �ull �orce and
<br /> e��ect 4including failure of any collateraf document to cr�ate a �alid and perfe�ted s�curity interest ❑r fien� at any
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