2� 17��929
<br /> DEED �F TRUST
<br /> �C�t1t�rl u�d} Page 5
<br /> or any defau�t und�r any security documents for such indebtedness.
<br /> No IVlodificativn. Trustor shall not en�er into any agreement with the holder of any mo�tgage, deed of trust, v�
<br /> othgr security a�greement which has priority o�er this Deed of Trust by which that agreement is modified,
<br /> amended, extended, ❑r renewed without �he prior written consent of Lender. Trustor shal� neither request nvr
<br /> accept any futur�advances under any such secur�ty agreement withou#the prior written consen�of Lender.
<br /> CaN�EMNATt�N. The fol�owing pro�isions relating tv condemnation proceedings are a part of this Deed of Trust:
<br /> PraceedEngs. If any proceeding in condemnation is filed, Trustor shall promptfy notify Lender in writing, and
<br /> Trustar shall promptly take such steps as may be nec�ssary to defend the action and obtain the award. Trustor
<br /> may be the naminal party in such proceeding, but Lender shall be entitled to participate in#he proceeding and to be
<br /> represented in the pr��eeding by �ounsel of i#s own choEce, and Trustar wili deli�er�r�ause to be deli�ered to
<br /> Lender such instruments and docum�ntation as may be requested by Lender from time to tEme tv perm�t such
<br /> participation.
<br /> Application of Net Praceeds. If all or any part of the Property is cvndemned by eminent domain proceedings or by
<br /> any praceeding vr purchase in lieu of eondemnatian, Lender may at its ele�tion requ�re that alf ar any portion❑f the
<br /> net proceeds af the award be applied t❑ #he fndebtedness or the repair or restoration of the Property. The net
<br /> proceeds of the award shall mean the award after payment af all reasanab�e costs, expenses, and attorneys'fees
<br /> incurred by Tr�ustee vr Lender in connection with the cvndemnation.
<br /> IMPq51TI�N OF TAXES, FEES AN� CHARGES 6Y GOVERNIIAENTAL AUTH�RfTIES. The following pro�isions relat�ng
<br /> to gaverr�men#al taxes,fees and charges are a part of this Deed vf Trust:
<br /> Current Tax�s, Fees and Charges. Upon request by Lender, Trus#o�shall execut� such dvcuments in additian to
<br /> this Deed af Trust and take whate�er other action is requested by Lender to perfect and cvntinue Lender's lien on
<br /> the Real Property. Trustor shall reimbu�se Lender far aSl taaces, as descri�ed below, together with all expenses
<br /> incurred in recording, perfecting or continuing this ❑eed of Trust, inc�uding without I�mitation all taxes, fees,
<br /> documentary stamps,and❑ther charges for recording or registering this Deed of Trust.
<br /> Taxes. The following shall canstitute taxes to which this sectian applies: (1} a specific tax upon this type af
<br /> Deed o�F Trust or upon a1! or any par#of the Indebtedness secursd by this Deed ❑f Trust; �2} a specific tax on
<br /> Borrower which 6orrower is authorized or required t❑dedu�t from payments ❑n the lndebtedness secured by this
<br /> type of Deed of Trust; �3} a tax on this type of Deed of Trust chargeable against the Lender or the holder❑f the
<br /> Credit Agr�ement;and {4} a specific tax on all or any pvrtion vf the Indebtedness or on payments af principal and
<br /> in�erest made by Borrower.
<br /> Subsequent Taxes. If any tax to which this se�tion app�ies is �nacted subsequent to the date of this Deed ot
<br /> Trust, this event shall have the same e�ect as an Ev�nt o� De�ault, and Lender may exercise any o� afl of its
<br /> a�ailable remedies far an E�ent of Default as pro�ided below unless Trustor either �1} pays the tax before it
<br /> becames detinquent,ar �2} cant�sts the tax as pro�ided ah�ve in the Taxes and Liens seGtion and deposits with
<br /> Lender cash ar a sufficient corporate surety bond❑r other security satis#actary ta Lender.
<br /> SECl1RlTY AGREEIVIENT; FINANC�NG STATEMENTS. The fvllowing pro�isions relating ta this Deed af Trust as a
<br /> security agreement are a part of this Deed of Trus#:
<br /> Security Agreement. This instrument shall constitute a Se�urity Agreement ta �he ex#ent any of#he Proper#y
<br /> canstitutes fixtures, and Lender shall ha�e all �f the rights vf a secured party under the Uniform Commercial Cvde
<br /> as amended from time to time.
<br /> Security Interest. LJpan request by Lender, Trus�or shall take whatever ac�ivn is r�qu�sted by �ender to perfect
<br /> and continue Lender's security interest in the Persvna! Property. In addition to recording this ❑eed of Trust in the
<br /> rea� property records, Lender may, at any time and without further authorization from Trustor, file executed
<br /> cvunterparts, copies ❑r repraductions of this Deed of Trust as a frnancing statement. Trustor shaff reimburse
<br /> Lender for all expenses incurred in perfe�ting or continuing this security interest. Upon defau��, Trustar shall nv#
<br /> remove, se��r or detach #he Personal Property from the Properky. �p�n d��au�t, Trustor shall assembie any
<br /> Personal Property not affixed tv the Praperty in a manner and a� a place reasonably con�enient ta Trustar and
<br /> Lender and make it a�ailable �o Lender within �hree (3} days after receipt of written demand from Lender to the
<br /> extent permitted hy appficable law.
<br /> Addresses. The mailing addresses of Trustar �debtar} and Lender �secured party} from which information
<br /> �on�erning the secu�ity interest granted by this Deed of Trust may be vbtained �each as required by the Uniform
<br /> Cvmmercial Gode}a�e as stated vn the first page o�this❑eed ofi Trust.
<br /> FURTHER ASSURANCES; ATT�RNEY-IN-FACT. The following proWisions refating #v further assurances and
<br /> attorney-in-fact are a part❑f this Deed af Trust:
<br /> Further Assur�nces. At any time, and from time to t�me, upon request af Lender, Trustor will make, execute and
<br /> deli�er, or wil� cause ta be made,executed or deli�ered,ta Lender or to Lender's designee, and when requested by
<br /> Lender, cause to be fi�ed, recorded, refiled, or rerecorded, as the case may be, at su�h times and in such offices
<br /> and p�aces as Lender may deem appropriate, any and all such mortgages, deeds o#trus�, security deeds, security
<br /> agreements, financing statements, continuation statements, instruments �� further assurance, certificates, and
<br /> other documents as may, in the sole apinion ❑f Lender, be necessary or desirable in order to efFe�tuate, complet�,
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