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1 � � '• 2� 1 7��4 DEED �F TRUST Loan Nv: '1�13�D8�7 �Continued� Page 5 �khis Deed vf Trus� and take wha�te�er o�her action is reques�ed by Lender to pe��ect and continue Lender's lien �n the Real Proper�y. Trustor sha�� reimburse Lender for al� taxes, as des�ribed �elow, �togefiher with a�l expenses incurred in recvrding, per�ecting or continuing this ❑eed of Trust, including wi�hout ��mitation all taxes, �ees, documen�ary sfamps, and ❑�her charges-For recording or registering fihis Deed of Trust. Taxes. The �ollavving shall canstifiu�e taxes tv which this section app�ies: {1} a specific tax upan this �ype vf ❑eed of Trust ❑r upon all or any part a�the Indebtedness secured by �his Deed ofi Trust; �2� a specific �ax ❑n B�rr�wer which garrower is autharized or required t❑ d�duct from paymen�s an the lndebtedness secured by �his type of Deed af Trust; �3} a tax on fihis type af Deed of Trust chargeahle agaEnst the Lender ar the holder ofi the Note; and {4� a speci-�ic tax an all ❑r any parfiivn of the lndeb�edness vr �n payments a� principa� and interes� made by Borrawer. Subsequent Taxes. I� any tax t❑ which �his section applies is enacfied subsequent ta fihe da�e of �his Deed ❑� Trust, �his event shall ha�e the same effect as an E�en� ❑� ❑e�ault, and Lender may exercise any or afl ❑# i�s aWailable remedies for an E�ent af �3efault as pro�ided below un�ess Trustar either ��} pays the �ax befvre it becomes delinquent, vr �2} contests the tax as pro�ided aho�e in the Taxes and Liens section and depasi�s wi�h Lender cash or a su�ficient co�porate surety laond vr vthe�security satisfactvey to Lender. SECURiTY AGREEMENT: FINANCING STATEMENTS. The follawing pr��isions rela�ing t❑ this fleed ❑� Trus� as a security agreement are a par�o�f th�s ❑eed of Trust: 5ecurity Agreement. This instrument shall cvnstitute a 5ecurity Agreement to the extent any vf the Praper�y cons�itu�es �ixtures, and Lende�-shall ha�e all ❑�f the rights ❑�a secured party under�he Uni�vrm Cammercia� Cvde as amended from�ime to�ime. 5ecuri�y lnterest. Upvn request by Lender, Trustar shall take whate�er action is requested by Lender �❑ perfe�fi and continue Lender's security inte�-est in �he Rents and Personal Property. ln addition to r�carding this Deed of Trust in the �eal prop�rty records, Lend�r may, at any �ime and wifihout fur�her authorization �rom Trustor, file � executed counterparts, �opies ❑r reprodu��ions ❑f �his ❑eed v�F Trus� as a financing s�a�ement. Trus�or shall reimburse Lender far all expenses inGurred in perfec�ing or continuing this secu�ity interest. Upan default, Trus�ar shall n�t remo�e, se�er ❑r de�ach th� Persona� Property from fihe Pr�perty. LJpon default, Trustor shall assemble any Persanal Pr�perty not af�ixed�v the Property in a manne�-and at a place reasanably con�enient�o Trustvr and Lender and make it aWailab�e �o Lender within three 43� days a�ter receipt �� writ�en demand fram Lende�r t❑ the ex�ent permEtted by appficable law. Addresses. The maiEing addresses of Trustvr (deb�ar� and Lender �secured party} fram which inf�rmation cancerning the security interest granted hy this I3eed o�F Trust may be ❑latained {ea�h as required by �he Uniform Commerciai Cvde} are as stafied on�he fi�-s�pag�of this aeed ❑f Trust. FURTHER ASSURANCES; ATTQRNEY-IN-FACT. The �al��wing pr��isians relating to furthe�- assurances and attvrney-in-fact are a part a�this Deed ❑f T�rust: Further Assurances. A�t any time, and from fim� t❑�ime, upon request of Lender, Trustar will mak�, execute and deli�er, ar wi�� cause ta be made, execu�ed ❑r deli��red, �❑ Lender or�o Lender's designee, and when requested by Lender, cause to be ��ied, recarded, re��led, or rerecorded, as the case may be, a� such times and �n such ❑ffices and places as Lender may d�em appropriate, any and aEl such m�rtgages, deeds ❑f trust, securi�y deeds, security agreemen�s, financing stafiemen�s, con�inuativn s�atemen�s, instruments of �urther assurance, certi�icates, and ❑�her dacumen�s as may, in the sole vpinion ❑# Lender, be necessary ❑r desirable in order to effectua�e, complefie, perfect, continue, vr preser�e {�� Barrower`s and Trus�or's obligativns under the Note, �his Deed of Trust, and �he Relafied ❑ocuments, and �2� fihe liens and security in�eres�s created by this ❑eed of Trust as �irst and prior �iens on th� Proper�y, whe�her now owned or herea�-ker acquired lay Trustor. Un�ess prvhihi�ted by �aw ❑r Lender agrees �o the cvntrary in writing, Trus�or shall reimburse Lender for al� c�s�s and expenses incurred in cvnnecti�n with the matters �-e�erred to in�his paragraph. Attarney�in�Fac�. ffi T�ustor fails ta d❑ any ❑fi the �hings re�erred�v in the preceding parag�aph, L�nder may d❑ so �ar and in the name o�F Trustor and at Trusfior's expense. Far such purpvses, Trustor hereby irre�vcably appoin�s Lender as Trustor's at�orney-in--�act fvr the purpose of making, exe�uting, delivering, filing, recording, and daing all ❑ther things as may be necessary ❑r desirahle, in Lender's sole ❑pin�on, to accompiEsh the ma��ers referred tv in the preceding paragraph. FULL PERF�RMANCE. If Borrawer and Trustor pay al�the Endebtedness when due, and Trustor ofiherwise performs all the ❑bligativns imposed upan Trus�or under this Deed of Trus�, Lender shall e�cecute and deli�er�a Trus�ee a request for fu�l recan�eyance and shall execute and deli�er�v Trus�ar su�table s�atemen�s of termina�ion❑�any financing s�a�ement on file e�idencing Lender`s security in�e�-est in�he Rents and �he Personal Proper�y. Any recon�eyance fee required by law shall be paid 1ay Trus�tor, if permEtted by applicable law. EVENTS DF DEFAULT. Each ❑�the fv�iowing, at Lender's ❑ption, shall constitute an E�ent af ❑efau�t under this Deed of Trust: Payment Default. Barrowe�-�aEEs�a make any paymen�when due under the lndebtedness. D�her Defau[�ts. Barrower or Trustor fails t❑ �amply w�th or �a perform any ❑ther term, obliga�ion, �o�enant ❑r condition can�ained in �his Deed of Trust or in any af the Rela�ed ❑ocuments ar�v �omply with or to per�orm any ,