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2� 17��453 DEED �F TRUST Loan No: '1�'1341586 ��ontinued� Page 5 Trustor will deli�er, or cause ta be deli�ered, to Lender such instruments as Lender may r�quest from time to t�m� to permit such participativn. Compliance Vllith Laws. Trustvr warrants that the Property and Trustor's use of the Prvperty comp�ies with all existing applicable laws, vr�iinan�es, and regulations vf go�ernmenta! authorities. 5ur�i�al of Representat�ons and Warranties. Alf representatians, warranties, and agreements made by Trustor in this Deed of Trust shall sur�i�e the execution and deli�ery of this ❑eed of Trust, shall be continuing in nature, and shali remain in full farce and e�fect until such time as gvrrower's Ind�bt�dness shall be paid �n full. EX15TiNG INDEBTEDNESS. The fo[lowing pro�isions con�erning Existing Indebtedness are a part of this aeed af Trust; Existing Lien. The lien of this Deed of Trust securing the Indebtedness may be secvndary and inferior to an ex�sting lien. Trustar expressly co�enants and agrees tn pay, or see tv the payment of, the Existing Indebtedness and t❑ pre�ent any de�auft on such indebtedness, any default under the instruments e�idencing such indebtedness, ❑r any default under any security doGuments for such indebtedness. N� Mvdificativn. Trustar shall not enter into any agreement with the holder af any mortgage, deed of trust, ❑r vther security agreement whi�h has priority o�er this Deed of Trust by which �hat agreement is modified, amended, ex�ended, or renewed withaut the prior written consent �f Lender. Trustor shall n�ither �equest nor accept any future ad�ances under any su�h security agreement without the prior written consent❑f Lender. C�NDEIVINATtON. The fvll�wing pro�isions relating ta condemnation proceedings are a par�vf this Deed of Trust: Proceedings. If any proceeding in cnndemnativn is fil�d, Trustar shall prvmptly notify Lender in writing, and Trust�r shall promptly take such steps as may be necessary to defend the action and obtain the award. Trustar may be the n�minal party in such proceeding, but Lender sha�! be entitled tv participate in the proc�eding and tv be represen�ed in the prviceeding by counsel ❑f its own choice, and Trustvr will deli�er or cause to be deli�ered to Lender such instruments and dacumentativn as may be requested by Lender from time to time t❑ permit such partFcipation. Applicatian vf Net Proceeds. If a!! or any part ❑f the Praperty is condemned by eminent d�main proceedings ❑r by any proceeding ❑r purchase in li�u af�ondemnation, Lender may at its election require that alf or any portion ❑f the net proceeds ot the award b� applied to the Indebtedness or the repair vr restaration of the Prvperty. The net proceeds of the award shall mean the award after payment af all reasonable casts, expenses, and attarneys' tees incurred by Trustee ar Lender in c�nnection with the candemnatian. IMP�5ITI�N ❑F TA�CES, FEES AND CHARGES BY Gt]VERNMENTAL AUTH�RITIES. The following prfl�is+ans relating t❑ go�ernmental taxes, fees and charges are a part❑f this Deed of Trust: Current Taxes. Fees and Charges. Upan requ�st by Lender, Trustor shall execute such dacuments in addition t❑ this Deed v� Trust and take whate�er other action is requested by Lender to perfect and continue Lende�'s lien an the Real Praperty. Trustor shail reimbu�se Lender far all taxes, as described t�elaw, tvgether with afl expenses incurred in recarding, perfe�ting ❑r continuing this Deed v� Trust, including withvut limitation all taxes, �ees, dacumentary stamps, and ather charges far rec�rding ar registering this Deed of Trust. Taxes. The following shall constitute taxes to which this section applies: {1� a specific tax upon this type of aeed ❑f Trust �r upon all ar any part nf the lndebtedness secured by thEs D�ed o� Trust; �� a specific tax vn Bar�ower wh�ch 6nrr�wer is autharized ❑r required to deduct fram payments ❑n the Indebtedness secured �y this type of []eed ❑f Trust; �3} a tax vn this type of ❑eed of Trust chargeabie against the Lender �r the holder af the Note; and �4� a specific tax an all or any partion of the Indebtedness or on payments of principal and interest made by Borrawer. 5ubsequent Taxes. I� any tax to which this sectian applies is enacted subsequent tv the date flf this Deed of Trust, this e�ent shall ha�e the same effect as an Euent of Default, and Lender may exercise any ar ail ❑f its a�ailabie remedies fvr an E�ent ❑f Default as pro�ided �elow unless Trustar either ��y pays the �ax before it becomes delinquent, or �2� cantests the tax as pra�ided abo�e in the Taxes and Liens sectian and deposi�s with Lender cash ar a sufficient��rporat� surety band or other security satisfactory ta Lender. SECURfTY AGREEMENT; FINANCING STATEMENTS. The fiollowing pro�isians relating to this Deed afi Trust as a security agreement are a part af this Deed of Trust: S�curity Agreement. This instrument shall constitute a 5ecurity Agreement to the extent any o� the Property consti�utes fixtures, and Lender shafl ha�e all ❑f the rights a# a secured party under the Unif�rm Cvmmercial Code as amended frvm time�o time. Security Interest. Upvn request by Lend�r, Trustar shall take whate�er actian is requested by Lender to perfect and �vntinue Lender's security interest in the Rents and Personal Praperty. In additifln t❑ r�c�rding this Deed of Trust in the real prvperty r�cards, Lender may, at any time and withnut further authvrizatian from Trustvr, file executed caunterparts, capies or repr�du�tions ❑f this Deed ofi Trust as a financing statement. Trustor shall reimburse Lender for al� expenses incurred in per�e�ting or cvntinuing this security interest. Upon d�fauft, Trustor shall not remo�e, se�er or detach the Persana! Prvperty �rom the Property. Upon default, Trustor shall assembfe any Personai Property nv# affixed to the Praperty in a manner and at a place reasanably can�enient tv Trustor and Lender and make it a�aila�le tv L�nder within three �3� days after receipt ❑f written demand from Lender to the