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2� 17� 1553
<br /> L�E�E[3 �F �TF�LJs�T
<br /> .
<br /> Loan Nv: 'I�'I 3a3�3� {���1���tu� } Page 5
<br /> ta perm�t such participat�an.
<br /> Cvmpliance Vllith Laws. Trus�ar warran�s that the Praper�y and Trustar's u�e ❑� t�c Prvper�y campCies wi�h a�l
<br /> existing appli�able �aws, ardinanc�s, and regula�ions of go�ernmen�a[ authori�ies,
<br /> 5ur�i�a� v# Represen�ations and Warran�ies. AII repr�sen�atiQns, warranti�s, and agreemen�s made �y Trustar in
<br /> this Deed of T�u�t sha�� suriri�e the execu�ion and d�li�ery o��his ❑eed afi Trus�, shai� he c�ntinuing in nature, and
<br /> shall remain in�ul! f�rce and ef�ect until such tim� as B�rrow�er's Indeb����ess shall be paid in fuf[.
<br /> EX�5TING [NDEBTEDNESS. The�ollovving p�ovisians concerning Exis�ing Indebtedness are a part of this D�ed o�T�-us�:
<br /> Ex�st�ng Lien. The lien o� �his ❑�ed af Trus� securin� the lndel�tedness may �e se�ondary and �nferi�r tv an
<br /> ex�sting I�en. Trustor expressly co�enants and agrees t❑ pay, vr see �v the payment ❑f, the Existing Indeb�edn�ss
<br /> and �o pre�er�� any de�aul�vn such indebtedn�ss, any de�aul�under the instrumen�s evid+encing such indeb�edness,
<br /> or any de�faul�under any seGurity do�um�nts �or such in�eb�ednes�.
<br /> Na M�dification. Trusto� shal! nvt enter intv any agreemen� w�t�h �f�e holder af any mortgage, deed ❑� �rus�, ar
<br /> otf�er security agreement which has pr�ari#y c��er this C�eed o� Trus� by which that agr�ement is modi�ied,
<br /> amended, ex��nded, �r renewed wi�hout the priar written cansen� v# Lender, Trustvr shall neither request nor
<br /> accept any�uture ad�ances under any su�h securi�y agreemen�withaut the priar written c�nsent❑�Lender,
<br /> C�?fVDEMNATIQN, The f�[[owing pra�isions relating tv cvndemnation p�ace�dings are a par�t af this �eed af Trust.
<br /> Proceedings. I� any proceeding in candemna�ion is filed, Trustar shafl pramptly no�i�y Lender in wri�ing, and
<br /> Trusto� shall promp�ly take such steps as may be ne�essary t� d�f�nd the ac�inn and ❑b�tain �he award, Trustor
<br /> may be �rhe nominal party in such praceeding, but Lender s�all be en�i�led tv pa��ricipa�e in�he proceed�ng and t❑ be
<br /> repres�nted in �he prac�eding by counse� a� i�s ❑wn chaice, and �rustor will de[��er or cause �a be deli�ered �o
<br /> Lender such ins�rumen�s and documentatian as may be requested by Lender �rom time �o time ta perm�t such
<br /> par�ticipa�ion.
<br /> Appli�a�ivn of iVet Proceeds. !f al! or any par� of the Proper�y is Gonr�emned by�minent damain pro��edings vr by
<br /> any proceeding ❑r purchas� in iieu af condemnation, Lender may a�i�s e[e�tion require that alf ❑r any portion of the
<br /> ne� proceeds o� the award be applied to the Indei��edr�sss or �the repair or rest�ra�ivn of the Praper�y, Th� n�t
<br /> proceeds o�fi�e award shall mean the award after paymen� ofi all reasanable cos�s, expenses, and a���arneys' fees
<br /> incurr�d by Trus�ee ❑r Lender in Gonnec�i�n vui�h the �vndemna�io�.
<br /> IMP�SITIaiV �F TAXES. FEES AND CHAR�ES BY ��]VERNMENTAL AUTH�R�TIES. The fallawing pra�isians rela�ing
<br /> t❑ go�ernm�nta�taxes, �ees and charges are a part ofi this Deed r��Trus�.
<br /> �urrent Taxes, Fees and Charges. Upon request by Lender, Trus�or shai� execute such dacuments in add��ian to
<br /> �h�s Deed af Trust and take whatever❑ther actian is reques�ed �y L�nder�o per�ec� and cantinue Len�er's ��en on
<br /> the Real Property. Trustar sha�i re�mburse Lender f�r all �axes, as des�ribed be[�w, �ogether wi�h a�� exp�nses
<br /> incurred in �ecording, perfec�ing ar continuing �his Deed �f Trust, including without limita�ian a�l taxes, fees,
<br /> dacumen�ary stamps, and other �harges for�ecnrding or�egis�ering this De�d �f Trus�.
<br /> Taxes. The following shall constitute �axes to �nihich �his sec�i�n applies: �1� a speci�i� tax up�n �his type a�
<br /> Deed a� Trust Qr upon all or any par� of �he Indebtedn�ss secured hy �his Qeed af T�ust; {�} a specif�c �a�c on
<br /> Borrower which S�rrpwer is au�harized �r r�quired �� c�educt #rom payrnen�s an �he �ndebtedness secured by �his
<br /> type of Deed ��T'rus�; �3} a tax on this �ype of �eed of Trust chargeable against �he Lencier vr th� holder of�he
<br /> No#e; and �4} a speci�ic xax on all ar any por�i�n o� the Indeb�edness or an payments o� principal and in�erest
<br /> made by BorrQwer.
<br /> 5ubsequenfi Taxes. lf any �ax to which this sec�ian applies is enact�d subsequer�t �a �he date vf �h€s ❑eed v�
<br /> Trus�, this event shali h�ve the same ef�fect as an E�en� of Defau�t, and Lender may ex�rcise any or a!I a�F i�s
<br /> a�aila�le remedi�s �or an E�ent �� D�faul� as pro�ided befow unl�ss Trusto� either ��� pays the tax hefore it
<br /> becames delinquent, ❑r ��} contests the tax as pro�ided abo�e in Che Taxes and Liens secti�n and depasi�s uvith
<br /> Lender cash or a sufficient corpora�e surety bond vr other securi�y satisfact�t�y t❑ Lender.
<br /> SECURITY AGREEMENT; FIIVANCIIV� STATEiI11EN1'S. �'he �allawing �ro�isicans r�la�ing to this Deed �� Trust as a
<br /> secu���y agreement are a part af this Deed of Trus�:
<br /> 5ecurity Agreement. This ins�rument sha11 cans�itute a 5ecurity Aa�reement �o �he ex�ent any o�f the Praperty
<br /> cflnstitutes �ixtures, and Lender shall ha�e �ll o�the righ�s o�a secured party �nd�r�he Uni�arm Commercial Code
<br /> as amended from time�v��me.
<br /> Security Interes�. U�vn request by Lenderf Trus�or shall take whate�er act€�n is reques�ed by Len�er ta per�ect
<br /> and can�inue Lender's s�curiCy interest in the Rents and Persanal Prvper�y. In additic�n �a recardin� this Deed ❑fi
<br /> Trust in �he rea[ property recards, �.ender may; at any time and wit�aut furth�r au�thorizatian �rom Trus�or, �ile
<br /> exe�uted cvunterparts, copies vr repraductions o� �his C��ed o# Trus� as a fina�ncing statemen�. Trusta�r shaff
<br /> reimburse Lender�or �II expenses ir�curred in perfec�ing or can�inuing �his �ecuri�y interest. �pon de�auit, Trustor
<br /> shall not remv�e, se�er or detach �he F'ers�nal Property frQm �he Property. Upon de�aul�, Trustor sha�i assernble
<br /> any Persanal Prop�rfy not af�ixe� �o the Praper�y in a mann�r and a� a pla�e reasanably can�enient t❑Trustor and
<br /> Lender and make it a�ailable t❑ Lender within �khre� �3� days after receipt of wri��en �emand from Lender �o �he
<br /> exten�permi�ted by applicable lavv.
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