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2� 17� 1923 DEEa �F TRUST Loan No: '1�'1��3355 �Contir7ued� Page 5 ta permit such participation. CamplianGe Vllith Laws. Trustor war�ants that the Property and Trustar's use �f �he Property complies with all existing applicable laws, ❑rdinances, and regulatfons of go�ernmental authorities. Sur�i�a! of Representations and Vllarranties. All representations, warranties, and agreements made by Trustor in this ❑eed of Trust shal� sur�i�e the execution and deliWery ❑# this Deed af Trust, shall be cflntinuing in nature, and shaEl remain in #ull farce and effe�� until such time as Ba�rvwer's Indebtedness shall be paid in full. ExISTING INDEBTEDNESS. The following pra�isions concerning Existing Indebtedness are a part vf this Deed of Trust: Existing Lien. The lien of this Deed ❑f Trust securing the Indebtedness may be secandary and inferior t❑ an existing iien. Trus�ar expr�ssly co�enants and agrees t❑ pay, or see tv the payment af, the Existing Indebtedness and t❑ pre�ent any default on such indehtedness, any default under the instruments e�idencing such indebtedness, �r any d�fault under any securFty documents for such �ndebtedness. N❑ Modific�tion. Trustor shai� not enter into any agreement with the holder �f any mortgage, deed vf trust, ❑r ❑ther security agre�m�nt which has �riarity a�er this Qeed ❑f Trust by which that agreement is mad+#fed, amended, extended, ar renewed wi�hout the pr�or written Gonsent of L�nder. Trustar shall n�ither request n�r accep�any future ad�an�es under any such ��curity agreem�nt without the pri�r wri�ten consent o� Lender. CpNDEMNATIQN. The following pro�isions relating to candemnation prviceedings are a part of this D�ed of Trust: Pro�eedings. �f any praceeding in �ondemnatian is filed, Trustor shall prvmptly notify Lend�r in writing, and Trustor shall promptiy take such steps as may be necessary to defend the action and vbtain the award. Trustar may be the nvminal party in such proceeding, but Lender shaii be entitled to part�cipate in the proCeeding and to be r�presented in the prfl�eeding by counsel of its own ch�ice, and Trustvr will deliver ❑r cause to be de�i�e�ed tQ Lender such instruments and dvcumentation as may b� requested by Lender frvm time ta time ta permit such participativn. Appiication of Net Praceeds. �f all or any part of the Prvperty is condemned by eminent domain prviceedings flr by any prnceeding or purchase in lieu ❑f condemnation, Lender may at its election require that all or any portion o€the net proceeds af the award be app�ied t� the Indebtedness ❑r the repair ar restoration ❑� the Property. The net proceeds ❑f the award shall mean the award after payment of all reasanable costs, expenses, and attorneys' fees incurred by Trustee ❑r Lender in connection with the condemnativn. 1MP�S1T14N �F TA}CES. FEES AND CHARGES 6Y G�VERNMENTAL AUTHQRETlE�. The fallawing pr��is�vns relating to ga�ernmental taxes, fees and �harges are a part nf this Deed ❑f Trust: �urrent Taxes, Fees and Charges, Upon request by Lender, Trustar shaft execute such dacuments in additian to this Deed af Trust and take whate�er other a�tion is requested by Lender to perfect and cvntinue Lender's lien on the Real Property. T�usior shall reimburse Lender for all taxes, as described below, tagether with all expenses incurred in record�n�, pertecting or cont�nuing this D�ed ot Trust, ir�c�uding without limitatian all taxes, tees, documentary stamps, and other charges f�r recarding ❑r registering this ❑eed a€Trust. Taxes. The follawing shall c�nstitute taxes ta which this se�tian applies: �1� a specific tax upon this type ❑f Deed vf Trust or upvn all or any part af the Indebtedness secured by this Deed of Trust; �Z� a specifi� tax vn Borrower which Barrower is authorized or r�quired t❑ deduct frvm paym�nts ❑n the Indebtedness secured by this type of Deed af Trust; �3� a tax on this �ype of Deed ❑f Trust chargeable agains� the Lender ❑r the hvld�r ot the Note; and �4} a specific tax on alI c�r any pvrtion vf the Indebtedness or �n payments ❑f principal and interest made by 8arrawer. 5ubsequent Taxes. If any tax t❑ whieh this sectian applies is enacted su�sequent to the date of this Deed af Trust, this e�ent shall ha�e the same effect as an E�ent of �efauit, and Lender may exercise any vr ai1 �f its a�ailable remedies far an E�ent af Default as prv�ided below unless Trust�r either �1} pays the �ax before it he�vmes delinquent, ar ��} contests the tax as pra�ided abo�e in the Taxes and Liens sectivn and deposits with Lender cash or a sufficient corporate surety bond or other security sa�isfactory t❑ Lender. SECURITY AGREEMENT: F[NANCING STATEMENTS. The fo�lowing prn�isians relating to this ❑eed of Trust as a seGurity agreement ar� a part af this Deed af Trus#: 5ecu�ity Agreement. Th�s instrument shall canstitute a SeGurity Agreement to the exten� any of the Property canstitutes fixtures, and Lender shall ha�e all of the rights of a se�ured party under the Unifarm Comm�rcial Code as amended from time to time. Security Interest. Upon request by Lender, Trustor shall take whate�er a�tian is requested by Lender ta perfect and �ontinue Lender's security interest in the Rents and Personal Property. In addit�on to recording �his ❑eed o� Trust in the real prvperty recvrds, Lender may, at any time and without further auth�rization from Trustor, tile �xe�uted caunterparts, copies or reproductians af this ❑eed af Trust as a financing statem�nt, Trustor shall reimhurse Lender �ar all expenses in�ur�ed in per#ecting or G�ntinuing this security in�erest. L1pan default, Trust�r shall n�t rema�e, sever �r detach the Pers�nal Praperty from the P�vperty. Upan default, Trust�r shall assembie any Personal Praperty not affixed t� the Property in a manner and at a pla�e reasonab�y con�enient t❑ Trustor and Lender and make it a�aila�le to Lender within three �3� days after receEpt vf written demand frvm Lender to the ext�nt permitted by app��cab�e law.