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2� 17� 1341
<br /> aEE� oF T�usT
<br /> Loan Na: 'I�'I 3�2969 �Continued� Page 5
<br /> No BVfodification. Trustar shall not enter inta any agreement wi�h the holder of any mortgage, deed ❑� trust, ❑r
<br /> other security agreemen� which has priority o�er this �eed af Trust by which �hat agreement is modi�ied,
<br /> am�nded, extended. vr renewed v►rithout fihe prior written cvns�nt of Lender. T�ustvr shaEl neither request nvr
<br /> accep�any future advances under any such se�urity agreement wi�hvu�the priar wrEtrten cons�nt of Lender.
<br /> C�NDElVINATl�N. The�oi[owing provisions relating to condemnatian proceedings are a part❑fi this Deed of Trust:
<br /> Prviceedings. [f any praceeding in candemnafiion is filed, Trustor shal[ prvmpt�y notify Lender in writing, and
<br /> Trus�or shail prvmptly �ake such steps as may he ne�essary to defend the ac�ivn and a�tain the award. Trustvr
<br /> may be�he nomina[ party in such proceeding, but Lender sha[I be entitled to participate in the proceedEng and tv be
<br /> repr�sent�d in the proceeding by counsel af its ❑wn �hoice, and Trustar will deliver ❑r cause �a be deli�ered to
<br /> Lender such ins�ruments and dvcumentation as may be requesfied by Lender trom time �o tEme to permit such
<br /> parti�ipa�ivn.
<br /> Application of Ne#Prviceeds. [f al[ vr any part af the Property is condemned hy eminent damain proceedings or by
<br /> any proce�ding ❑r purchase in lieu af condemnativn, Lender may at its elecfiivn require tha�a[E or any portEon ❑f�he
<br /> net proceeds ❑f the award be applied tv the [ndebtedness or the repair ❑r restoration of fihe Prop�rfy. The net
<br /> pro�eeds af the award sha[[ mean�he awar� afCer payment vf all reasonab�e �osts� expenses, and attarneys' �ees
<br /> incurred by Trustee or Lender in cannection wi�h#he cvndemnation.
<br /> IMP�SIT��N �F TA�CES, FEES AND CHARGES BY G�VERNMENTAL AUTH�RITIES. The ��llowing pro�is�ans relating
<br /> tn go�ernmental taxes, fees and charges are a part of this Deed of Trust:
<br /> �urrent Taxes, Fees and Charges. Upvn request by Lender, Trusto� shall execute such do�uments in additivn to
<br /> �his Deed of Trust and take whate�e�ather activn is reques#ed by Lender to per�ect and can#inue Lender's lien vn
<br /> the Rea� Property. Trustvr shall reimburse Lender fvr all taxes, as described belaw, fiogether with all expenses
<br /> incurred in recording� per�ecting ❑r con�inuing this Qeed ❑f Trustr inciuding withaut limitation al[ taxes, fees,
<br /> documentary stamps, and other�harges tor recording ar regEstering this ❑eed of Trust.
<br /> Tax�s. The �ollawing shall cons�itute taxes ta which this sectian applies: �1 f a spe��fic tax upvn fihis type of
<br /> Deed vf Trus# ar upvn a[[ or any part af the ]ndebtedness secured by this Deed a� Trust; ��� a sp�cifEc fiax an
<br /> Trustar rrvhi�h Trustar is authorized or required to deduct fram paymen�s �n the Indebtedness secured by this fiype
<br /> o� Deed ot Trust; �3� a tax on�his type of Deed vf Trust chargeable against the Lend�r ar the hvlder of the Note;
<br /> and �4� a specific tax on aI� vr any portian of the lndebtedness or an paymen�s a� principai and �nterest made by
<br /> Trustor.
<br /> 5ubsequent Taxes. I# any tax tv which this sec�ion applies is enacted subsequent ta the da�e of this ❑eed of
<br /> Trust, #his e�ent shall ha�e the same ef�ecfi as an E�ent af ❑efauEt� and Lender may exerc�se any ❑r a!i vf its
<br /> available remedies for an Event n� Defauft as Qro�ided f�elow un[ess Trustar either {�� pays fihe tax before it
<br /> becomes de[inquen�, or ��� c�ntes�s the tax as pro�ided abo�e En the Taxes and Liens sectian and deposits with
<br /> Lender cash or a sufficient corporate surety band❑r other security sa�isfactory�v Lender.
<br /> SECURITY AGREEMENT; FINANCING STATEMENTS. Th� fiollowing provisions relating t❑ this �eed vf Trusfi as a
<br /> security agreement are a par�❑f#his Deed vf Trust:
<br /> 5e�uri#y Agreement. This instrumen� shalf cons�itute a Securi�y Agreemen� tn the extent any af the Prope�ty
<br /> constitutes �rixfiures, and L�nder sha11 ha�e all a�the rights af a secured par�y under the Unifarm Commercia! Code
<br /> as amended�ram time to time.
<br /> 5ecurity Interest. Upon request by Lender, Trustvr shall �ake whate�er action �s requested by Lender to perfect
<br /> and �on�inue Lender's securi#y interest in the Rents and Personal Prvperty. In ad�ition tv recardEng this fleed of
<br /> Trust in the rea� prvper�y recards, Lender may, at any time and wifihout further authvrization from Trus#or, #ife
<br /> executed caunterparts, capies or reproductians vf this Deed of Trust as a financing statement. Trustvr shall
<br /> reimburse Lender for aIE expenses incurred in perfecting or cantinuing this secur�fiy in�erest. Upon defau[t, Trustor
<br /> sha[i not r�mo�e, sever or detach fihe PersnnaE Prvperty fram the Property. Upon defiauft. Trus#or shal! assemble
<br /> any Persona� Property not affixed to the Prvperty in a manner and at a place reasonah�y con�enient to Trustor and
<br /> Lender and make i� a�ailab[e to Lend�r within #hree {3} days after receipt of writ�en demand fram Lender to the
<br /> extent permitted by applicable law.
<br /> Addresses. The mailing addresses of Trustor {detator} and Lender �secured partyy fir�m which in#orma�ion
<br /> �vncerning the security int�res� granted by this Deed af Trust may be obtained {each as required by the Uni#arm
<br /> Cvmmerciai Code� are as sta�ed❑n the first page of this Deed vf Trust.
<br /> FURTHEQ� ASSURANCES; ATT�RNEY-�N�FACT. The follawing pro�isivns relatEng ta #urther assurances and
<br /> attarney-in-fact are a part of#his Deed n�Trust:
<br /> Further Assuran�es. At any time, and from time to time, upon request❑f Lender, Trustvr w�ll make, execute and
<br /> de�i�er, or w�i� cause t❑ be made. executed ar deli�er�d, to Lender ar t❑ Lender's designee, and when requested by
<br /> Lender, cause t❑ be fiEed, recorded, refiled, or re�ecorded, as the case may be, at such �imes and in such o�tices
<br /> and p�aces as Lender may deem appropriate, any and al� such mortgages, deeds of trusfi, security deeds, security
<br /> agreements� fiinancing statements, con�inuatian statements, inst�uments ❑f further assuran�e. certificates, and
<br /> ather documents as may, in fihe sole opinion ❑f Lender, be necessary flr desirable in order t❑ e��ec�uat�. cvmplete,
<br /> perfectr �ontinue, or preser�e ��} Trustor's o�ligations under �he Note, this Deed ❑€ Trust. and the Related
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