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2� 17��253
<br /> I]IEE� �F TRL��T
<br /> Loan iVo: 'I 4'13����3 ����1ti���d} Page 5
<br /> CQNDEiV1NATI�IV. The fvllawing prvvisions rela�ting to condemna�io� proce�dings are a part❑f this Deed af Trust:
<br /> Prviceedings. !f any proceeding in c�ndemna�ion is f�€ed, Trus�vr sha11 promptly na�ify Lender in �nrri�ing, and
<br /> Trustar shall promptly take suGh s�eps as may be necessary fia defe�nd ��e action and obta�n �he award< Trus�or
<br /> may be �he namina( party in such proceeding, but Lender shall be ent���ed to participat� �n the praceedi�g and�o be
<br /> represented in �he prvice�ding by counse� of i�s own �h�ice, and Trustar wilC d�li�er �r cause to he deli�r�red to
<br /> L�nder such ins�rumen�s and documentativn as may be requested by L�nder �rom �ime ta tim� �o permit suGh
<br /> partic�pa�ivn.
<br /> Applica�ian o�Net Pro�eeds. lf a11 or any par�af th� Prop�rty is condemned by eminent domain praceedings ar by
<br /> any proceeding or purchase in fi�u of condemnatian, Lender may at i�s �lection require t�a�afl ar any portivn of the
<br /> net pro�eeds a� �he award be applied t� the Indebtedness vr �he repair ar restora�ion v� th� Prope�rty. The n�t
<br /> p�oceeds ❑fi the award shall mean the award a�ter payment v�a�� reasonabl� cQsts, �xpenses; and a��orneys' fees
<br /> incurred by Trustee or Lender in connec�ion with the c�n�emna�ion.
<br /> �MP�S�T#�N DF TA�CES. FEES AND CHARGES BY GDVER1V�i1ENTAL AUTHURITIES. °The fal[�wing pro�i�ions relating
<br /> to go�ernmenta[�axes, fees and �h�ar�es are a par�of this [7eed of Trust:
<br /> Curren� Taxes, Fees and Charges. Upon reques� by Lender, Trustor shall execu�e such dvcument� �n addition �❑
<br /> �his Deed fl�Trust and tak� wh�atever o�her ac�ivn is requested by L�nder ta per�ect and �vntinue Lender's [ien c�n
<br /> �he Real Prvperty. Trus�ar sh�l1 reimburse Lender for all �axes, as d�scribed bel�w, �og��her with alf expenses
<br /> incur�ed in re�ording, perfecting ar cvntinuing this D�ed ofi Trust, in�luding vvithou� I�mitat�on a[[ taxes, fees,
<br /> dacumen�ary stamps, and a�her charges for recarding or re�'rs�ering�his Deed o�Trusfi,
<br /> Taxes. The fvllowing shall con�titu�e taxes �a which this �ec�ian app[ies; ��� a speci�ic �ax upan �his �ype o�
<br /> Deed o� Trust ar upon all or any pa�� of �he Indebtedness secured by this Deed af Trust; ��� a speci�ic �ax on
<br /> Barrov►rer which Borrowe� is authariz�d ��r requir�d to d��uc� fram paymen�s an �he Ind�btedness se�ured by this
<br /> �ype �� Deed o�Trust; �3) a �ax on this type o� Deed �f Trus� ehar�eable agains� the Lender or th+e h��der��the
<br /> Na�e; and �4� a speci�i� ta�€ on all ar any portion of �he Indebtedness ar �n paymen�s af p�rincipai and in�erest
<br /> made by Borrawer.
<br /> Su�asequen� Taxes. lf any tax t� which this seGtian app[ies is enact�d subsequen� t❑ the da�ke ❑� �his Deed ❑#
<br /> Trust, this ��en� shali ha�e �h� same efifect as an E��nt ❑fi De#ault, and Lender rnay e�cercise any ar al[ afi i�s
<br /> a�ailable remedies �for an E�ent v� De�aul� as pro�ided belaw unless Trus�or either ��} pays �he tax before i�
<br /> becames delinquen�t, or ��� contests �h� �ax as pra�ided abv�e in tl�e Ta�es and Liens sec�ion and deposits with
<br /> Lender Gash ar a sufficient corpara��surety b�nd ar v�he��ecurit�sa�is�act�ry t❑ Lender.
<br /> SECURITY AGREEMEIVT; FINANCING STATEfIf�ENTS. The follawing pra�isi�ns rela�ing to this Qeed v� Trus� as a
<br /> securi�y agreemen� are a part�of this ❑e�d o�Trus�:
<br /> 5ecur�ty Agreement. This ins�rumen� shall cansti�ute a Security Agreerr�en� tv the ex�en� any of the Property
<br /> �onstitu�es fixtu�e�, and Lender sha�� ha�e all a�the rights ❑f a secured party under�he Unifvrm Cammercial Cade
<br /> as amended�rom time�o time.
<br /> S�eurity lnterest. Upon request by Lender, T�ustvr shall take whatever aG�ian is re�uested by Lender t❑ per�ect
<br /> and continue Lender's se�u�i�y interes� in the Rents and Personal P�vper�ty. �r� addition �a r�cording this Deed of
<br /> Trust in the r�al prvper�y records, Lender mayr a� any �ime and w�t�hvut fur�her au�hori�ation fram Trus�or, fi�e
<br /> executed �nunterparts, �opies or �eprvdu�fii�ns of this Deed af Trust as a financing sta�emen�. Trus�ar shall
<br /> reirx�bur�e Lender ��ar� all expenses incurred in perfecting ❑r con�inuing �his s�cur�ty interest. lJpvn default, Trustar
<br /> shall na� remo�e, se�er or detach �he Persanal Property from �h,e Praperty. Vpvn defau[t, Trustor shall assemble
<br /> any Personal P�oper�y na� affixed to the Property in a manner and at a place reasanably con�enien��a Trus�or and
<br /> Lender and mak� i� available to Lender wi�hin three �3� days after re�eipt of v►�ritten demand �ram Lender to �he
<br /> extent permitted by applieab[e law.
<br /> Addresses. The mai�ing addresses ❑� Trus�vr �debtor3 and Lender �secured par�y� �ram vvh�ch infarmat�an
<br /> concern�ng �he security intere�t gran�ed by this Deed of Trus� may be obtair��d �each as required by �he Uniform
<br /> Gar�nmercial C�de} are as s�afied on�he first page of�this [7eed v�Trus�.
<br /> FURTHER ASSURAI�CES; ATT�RiVEY-�N-FACT. The fol[aw�ng pr��isi�ns re[ating �v further assurances and
<br /> a�torney-in-fact are a part o�f this Deed ofi Trus�:
<br /> Fur�her A�surances. At any �ime, and from t�m� tn time, upon request o� Lend�r, Trus�vr w��! make, �execu�e and
<br /> deli��r, or will eause tv be made, executed vr de[iverecl, to Lend�r ar�o L�nder's designee, and wF�en requested by
<br /> Lender, cause to be fiiled, re�orded, refiled, ar rerecvrded, as �he case may be, at such �imes and in such ❑ffic�s
<br /> and places as Lender may deem apprapria��, any and all such mortgages, deed� vf �rus�r s�curi�y deeds, securi�y
<br /> agreements, �inancing statem�n�s, cantinuation s�atemen�s, instruments o� �ur�her a�ssu�-ance. ce�tificates, and
<br /> o�.her do�uments as may, in�he sale opinivn of L�nder, �e ne�essary or desirable in �rder�� e��ectuate, cs�mpl��eF
<br /> perfect; contir�u�, vr pr�ser�e �1� Borrower's and T�ustor's abliga�ions under the Na�e� t�tis Deed of Trus�, and
<br /> th� Related Documents, and t�} �he liens and security interests �rea�ed �y �his C�eed af�rus� as firs� and priar
<br /> liens �n �he Property, wh�ether now ❑wned or hereaf�er acquired by Trustor. LJ�less p�-ohihited by law vr Lender
<br /> agrees tv the con�rary in writing� Trustor shall reimburse Lender far al� ca��s and expenses incurr�d in connec�ivn
<br /> with�he ma�ters referred�❑ in�his �aragraph.
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