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2� 17� 11 �8
<br /> C�EE� �F T1R��T
<br /> Laan IV�: '�00����� ����tirlu�+d} Rag� �
<br /> Appl��a�ion v� Ne�c Pra�eeds. 1f al� ar any part o-�the Prapert� is cand�mned by eminent damain proc�edings ar by
<br /> any praceeding or purchas� in li�u�f condernna�ion, Len�ier may at i�s efe�tion r�quire that a�[ or any pQrtian o�the
<br /> net pra�eeds af �he a�vard be aQplied to th� Indehtedness or the repair or r�starati�n af the Praperty. The ne�
<br /> proGeeds of�he award shali mean the award a��er payment nf all r�asonable costs, expenses, and atto�neys' fees
<br /> incurred by Trusfiee�r L�nder in ��nn�ctian with the c�ndemnation.
<br /> I�P�SITI�iV aF TA]{ES, FEES �4[WD �HAI�GES B`f G�VERNIIIIENT►4L AI�TH�RITIES. The fail�wing pr��isions refating
<br /> t� ga�ernmental taxes, �ees and charges ar� a part a#�his D�ed �f T€-ust:
<br /> Curr�n# Taxes, Fe�s ar�d Charges. lJp�n request by Lender, Trustor shall e�cecu�e such�documents in additian to
<br /> fihis Qeed of Trust an� ta�e v�rhatev�r other action is requested by Lender ta perfec� and con��nue Lender's lien on
<br /> the Real Pr�per�y. Trust�r shall reimburse Lender far all taxe�, as described below, together v�ith ali exp�nses
<br /> incurred in recording, perfe�ting or �on�inuinc� �his L��ed af Trust, inciu�ing withaut limi�a��an all taxes, f��s,
<br /> da�umentary stamps, and other�harges�or re�ording ar registering this Deed of Trust.
<br /> Taxes. The -F�Ilowing shall canstitute �axes �o which th�s secti�n applies: �1} a s�ecific tax upon this �ype o#
<br /> Deed af Trust ar upan aii ar any part of th� indebtedness seeured by this Deed of Trust; ��} a specific �a� on
<br /> Borrawer vvh��h Barravver is autharize� �r required -to deduct from p�yments vn the [ndebtedness se�ured hy this
<br /> type ❑f ❑eed af Trust; �3} a ta�e an this type of aeed o�Trust chargea�le against the L�nder or the holder af the
<br /> Note; and (4} � specif�� -�a� on a[I �r any porti�n af the Inde�tedn�ss c�r on payments of principal and interest
<br /> ma�ie �y Borr�wer.
<br /> Suhs�quen� Taxes. If any tax ta whieh this section applies is enacted subsequent �� th� date o� �his Deed af
<br /> Trust, �his eWent sha�l haWe the same e�fect as an Er�ent o� Default, an€� Lender may exer�ise any or af I af its
<br /> avai�ab�e rem��ies -F�r an EWent a� De�au�t as praWided below unless Trustar either �'1� pays the �ax b�f�re it
<br /> b�com�s de�inquent, or �2� cflntests �the �a�€ as prov�d�d aba�e in �h� Ta��s and Liens �ection and d�posifis with
<br /> Lender cash ar a sufficient corparate sur�ty b�nd ar ather securi�y�a�isfaGto�y ta Lender.
<br /> SEGURITY AGREEMEIVT; F1NAIV��NG STATEIVIENTS. Th� ��Ilaw�ng �ravisians relating to �his Deed af Trust as a
<br /> security agreement are a part��this Deed af Trust:
<br /> Securifiy Agreemgnt. This �nstrurnent shall canstitute a Security Agreement to �he �x��nt any �f the Praperty
<br /> G�C75t[tLlt�.'S f1X�UI'�Sr and Lend�r shail haWe afl of the rights af a secured par�y under th� Uniforrn Commer�ia[ Code
<br /> as amended�Fram time to time.
<br /> Securi�y interest. Upan reques� �y L�nder, Trustor shall take whateWer activn is requested by Len�er �a perfe�t
<br /> an� cantinue Lend�r's security interest in the Personal Property, ln additian t� recording this Deed of Trust in the
<br /> rea� pro�erty r�cvrds, Lender may, �� any t�m� and withou� further authori�atian fr�m Trus�Qr, fi[e �x�cu�ed
<br /> caun�erparts, copies or repr�ductions a� this Dee�i of Trust as a f�nan�in� sta�ement. Trustor sha�l reimburse
<br /> Lender �or al� exp�nses incurred in pe��fec��ng or continuing this security interest. Up�n default, T�us�c�r sha1� not
<br /> remave, se�er or detach th� Personal Property from th� Proper�y. LJpQn d�fault, Trus�or shall assemble any
<br /> Pers�nal Praperty not a�fixed to fihe Property in a mann�r and a� a place �e�svnak�ly �onvenien�t to Trustar and
<br /> Len�er and mak� it a�ailahle ta L�nder within �hree �3} days after receip� af writ�en demand fi�am Lender to th�
<br /> extent permitted by applicable law.
<br /> Address�s. The mailing addresses of Trustv� tdebtar� and Lender �s�cured par�y} from which informa�ian
<br /> concerning the securi�y interes�t granted i�y this De�d of Trust may he Qbtained �each as require� �y the LJniform
<br /> �ammer�ial �od�} are as stated on the first page of this ❑eed af Trust,
<br /> FURTHER ASSURAIVCES; ATT�RNEY-[N-FACT. The �allowing pr���sions relating to #urther assurances and
<br /> attarne}�-in-fac�are a part of this Deed �f T�ust:
<br /> Further Assurances. At any time, and from time ta tim�, up�n request o� Lenderr Trustar wi�! make, exe�ute and
<br /> deliwer, or vvil� �ause to be made, exeCuted or deliWered, ta Lend�r ar to L�nder's designee, and when reques��d by
<br /> Lender, cause �a b� filed, recard�d, refiled, ar rereGQrded, as the �ase may be, at such times and �n such affices
<br /> and places as L�nder may deem appr�priate, any and ali such martgag�s, deeds o#trust, se�urity deeds� 5�C[.II'Ifi�I
<br /> agre�ments, finan�in� stat�m�n�s, continuati�n s�atements, instruments of further assurance, certificates, and
<br /> � other dacumen�s as may, in the sole opinian of L�nder, be n�cessary or desiral�I� in order to efFectuate, c�mpl�te,
<br /> p�rf�ct, continue, or preserWe {1� Borrowe�''s and Trusto�'s �b�i�atians und�r th� Note, this Deed of Trus�, and
<br /> the Related �acumen�s, and �2� the [iens and se�urity interes�s created by this l��ed �f Trust ❑n the Property,
<br /> . wh�th�r naw own�d or hereafter acquired by Trustor. Unless prohjbited by[aw �r L�nder ag��es ta the cvntrary�n
<br /> writing, Trustar sha[I reimburse Lender for a[I casts and e�penses �ncurred in cannectian with the matters referred
<br /> ta in this para�raph.
<br /> l��torney-in�Fact. If Trustor fails t� da any of th� fihing� r�ferred to �n �he preceding paragraph, Lender may d� so
<br /> fior and �n the name of Trustar and at Trus#or`s expense. F�r suGh purpases, Trust�r heraby i�re�acably appoints
<br /> Lender as Trust�r's attarney-in�fact far the purpose af making, executing, deliverin�, fil€ng, recarding, and doing all
<br /> ather things as may �e necessary or d�sirable, in Lender's sol� opini�n, tfl accom�lish the matters ref�rre� ta in
<br /> th� pr�ceding paragraph.
<br /> FULL PERFQ�NlANGE. lf Barr�w�r and Trustor pay al1 the [ndebtedness wh�n due, and Trus�or otherwise p�r�tirms a[I
<br /> the obligatians imposed upon Trust�r und�r this Deed of Trust, Lender sha[l execute and deliver to Trus��e a request for
<br /> ful� r�conveyanc� and shall execute and defiver ta Trus�ar su�tab�e statements of�erminati�n af any fiinancing sta�ement
<br /> on file eviden�ing Lender's security interest in �he Rents and the P�rsona[ Pra�erty. �ny recon�eyance fee required by
<br /> law shal� be paid by Trustar, i�perm�tted by applicable law.
<br /> EVENTS �F DEFAULT. At Lender's a�tian, Trustar wi�[ be in default under �his Deed o�f Trust if any o� the ��Ilov►ring
<br /> happ�n:
<br /> Payment De�faul�. gorrowe�fails ta make any payment when due under the [ndebtedness.
<br /> Break�ther Pram�ses. Borro�nrer or Trus�or b�eaks any promise made to Lender or fails t� perf�rm promptly at th�
<br /> ��me�nd stri�tly in the manner pro�ided in this Deed o�Trus�ar in any agreement�e�ated t❑thi� Deed o�Trust.
<br /> Compliance Defau[#. Failure ta comply with any other term, obligat�an, cvvenant or condition �ontained in th�s
<br /> as�d ��T�u�t,the Note or in any a��he F�elated Dacuments.
<br /> D�fault c�n Ofih�r Payments. Failure�f Trus��r within the time requir�� hy this Deed �f Trust ta mak� any payment
<br /> for ta�es or insurance, ar an}r other payment n�c�ssary to preWent fi�ing o�or ta�ffe�t discharge of any�i�n.
<br /> D�fau[t in Fa�vr n� Third Par�ies. Shauld Barr�wer or any Grantar defaul� under any Ioan, extension af credit,
<br /> security agreement, purchase ar sales agreementl �r any other agreement, ir� fa�ar�� any�th�r cr�dit�r ar person
<br /> that may ma�erially aff�ct any of B�rrower's ar any Grantor's praperty �r Borrower's a�ility to repay the
<br /> Ind�btedness ar 6orrawer's or Crantor's ability to perform their respecti�e �bligafii�ns under this Deed af Trust ar
<br /> any�f the Re[at�d Documents.
<br /> FaIse S#a#�men�s. Any representation or statem�nt made or €urnished ta Lender by g�rrawer o� Trustor �r on
<br /> Ba��awer's ar Trustar'$ b�hal� undsr this Deed vf Trust a� �he Fiela�ted Documents is false ar misleading in any
<br /> m�teria[ respect, either now or at�h��ime made ar�urnished.
<br /> Defec���e Callat�rali�a�ion, This C�eed of Trust or any of th� Related D�cuments ceases to be in fuil �orce and
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