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201702336
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Last modified
7/28/2017 2:55:54 PM
Creation date
4/13/2017 2:40:32 PM
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DEEDS
Inst Number
201702336
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_ <br /> . <br /> . t 2� 17�233� <br /> nEEr� oF TRusT <br /> L�an No: 1��3�39�7 ��ant�nu�d� Pa�e 5 <br /> this Deed of Trust shall sur�i�e�he �xecu�tion and deli�ery o��his ❑eed ❑f Trust, shall t�e con�inuin� in na�ure, and <br /> sha�l remain �n�u��force and e�ffe��un�il such�ime as Trus�or`s Indeb�edness shall be paid in�u��. <br /> EXISTING INDEBTEDNE55, The follvwing pra�isions concerning Exis�ing lnde���dness are a part o�this Deed ❑f Trust: <br /> Existing Lien. The lien ofi �his ❑eed af Trus�k securing the Indehtedness may 1ae secandary and in�erEor -�❑ an <br /> existing lien. Trustor expressly coWenan�s and agrees�o pay, ❑r see t❑ �he paymen�o�, th� Existing lndebtedn�ss <br /> and �❑ pr��ent any de�ault❑n such indebtedness, any defaul�under th� ins�ruments e�idencing such indebtedness, <br /> or any de�ault under any securi�y do�uments for such indebtedness. <br /> N❑ Modifi�afivn. Trus�or shall no� en�er int❑ any agreemen� wi�h �he holder ❑f any mortgage, deed ❑f trus�t, or <br /> other securi�y agreement which has priori�y ❑�er this Deed ❑f Trus� 1ay which that agreement is madi�ied, <br /> amended, �x�ended, ❑r renewed wi�hou�t the prior wri��en consent ❑� Lender. Trus�or shall neither request nor <br /> accep�any�uture ad�ances under any such security agreement wi�hout the prior wrififi�n consent❑f Lender. <br /> C�NDEMNATIQN. The�oi�owing pro�isions relating ta �ondemna��vn proceedings are a parfi❑f this Deed ❑f Trus�: <br /> Pro�eedings. lf any prviceed�ng in candemna�ion is filed, Trustor shal� prompfily noti�y Lender in writing, and <br /> Trustar shai� prompt�y take such steps as may be necessary �o defend the a�tion and �btain the award. Trustor <br /> may be�he n�minal par�y in such proceeding, bu�Lender sha[I be entitled to participate in the proceeding and to 1ae <br /> repr�sented in the pr�ceeding by counsel a� €ts ❑wn chaice, and Trusto�- will deli�er or cause �� be deli�ered t❑ <br /> Lender such instruments and dvcumenfiativn as may be reques�ed by L�nder from �ime t❑ �ime ta permit such <br /> participa�ion. <br /> Applica��vn o�f Net P�o�eeds. l�aEl ❑r any pa�t o�F the Prvper�y is �ondemned by eminent domain proceedings �r by <br /> any proceeding �r pur�hase in Eieu❑f condemnation, L��der may a�its e�ectton require that all ❑r any portian o��he <br /> net proceeds of the award be applied t❑ the lndeb�edness ❑r fihe repair ❑r r�st�ration af the Properky. The net <br /> proceeds o�the award sha�1 mean the award after paymen�o�al� reasvnah�e costs, expenses, and at�orneys' �ees <br /> incurred by Trustee or Lender in connection with�he cvndemna�ivn. <br /> IMP�5ITI�N �F TA�CES, FEES AND CHARGES BY GDVERi�MENTAL AUTH�RiTIES. The �oE�owing pro�is�ans �-elating <br /> to go�ernmen�al taxes,fees and charges are a part❑f this Deed af Trust: <br /> Gurren� Taxes, Fees and �harges. Upon reques� by Lender, Trus�or shall execute such documents in add�fiion t❑ <br /> �hi5 Deed of Trust and�al�e whateWer ather ac�ivn is requesfied by Lender�o perfect and continue Lender's li�n on <br /> the Real Prope�ty. Trust�r shall reimburse Lender for a�i �axes, as described below, tvgether wi�h all expenses <br /> incurred in recording, perfecting or continuing this Deed of Trust, in�luding withvut limitativn a[[ taxes, fees, <br /> documentary stamps, and❑ther-charges�For recvrd�ng or registering this Deed��Trus�. <br /> Taxes. The fo�lvw�ng shall constitute taxes �o which this sectinn appiEes: {�} a specific tax upan �his type of <br /> ❑eed o�Trust or upon all ❑r any part vf the lndeb�edness secured by this ❑eed flf Trus�; {2� a spec��ic fiax on <br /> Trus�ar which Trustor is au�horized ❑r required t❑ deduc�frvm payments ❑n�he Indef�tedness secured by this type <br /> o��3eed o�Trusfi; �3� a tax an this fiype vfi Deed o�Trust chargea�le against�he Lender or the halder❑f the No�e; <br /> and {4� a specific tax on a�� or any pvr�ion ❑f the lndebtedness ar on payments ❑f principaf and interest made by <br /> Trustor. <br /> 5ubsequent Taxes. If any �ax ta which fihis se��ion appl�es is enacted subsequen� tn the dat� ❑f this ❑eed o� <br /> Trus�, �his e�enf shalf ha�e �he same effec� as an E�ent of De�au��, and Lender may exercise any or all v� i�s <br /> a�ailable remedies for an E�en� o-� ❑e�ault as pra�ided below un�ess Trustor either ��� pays �he tax befare i� <br /> be�ames delinquent, vr ��} contests the tax as pr��ided abo�e tn �he Taxes and Liens secfiion and depos�ts wi�h <br /> Lender cash ❑�-a su�F�icsent corpora�e surety bond ❑r❑�her security satisfactory to Lender. <br /> SECURITY AGREEMENT; FINANCING STATEMENTS. The foll�wing prn�isions relating t❑ this Deed a� Trus� as a <br /> security a�reement are a part of this Deed of Trust: <br /> Security Agreemen�. This ins�rumen� shall cvnstitute a Security Agreement �o �he extent any af the Property <br /> cons�itutes fixtures, and Lender shall ha�e all ❑�the �ights ❑f a secured par�y under�he Uni�vrm Cammercia[ Code <br /> as amended from�ime ta�im�. <br /> 5e�urity lnterest. Upon request �y Lender, Trus�vr shall take whate�er acti�n is requested by Lender t❑ perfec� <br /> and continue Lender's security in�eres� in �he Rents and Persona� Properky. ln addifiion to recordin� fihis D�ed af <br /> Trust in the real proper�y records, Lender may, a� any �ime and w��hout further authariza�ian �ram Trusfiar, file <br /> executed cvunterparts, cvpies or reprvdu�tions o�F �his ❑eed o� T�-ust as a ��nancing s�a�ement. Trustar shall <br /> reimburse Lender far all expenses incurred in perfec�ing ❑r con�inuing �his security in�erest. Upvn de�aul�, Trus�or <br /> shal� no� remo�e, se�er ar detach the P�rsanal Praper�y fram the Prvperty. lJpvn defaul�, Trustar shall assemble <br /> any Personal P�operty not affixed ta�he Proper�y in a manner and at a place reasonably con�enient tv Trustor and <br /> Lender and make i� a�ailable �a Lender wifihin �hree �3� days after receip� o� written d�mand �rom Lender t❑ the <br /> extent permFtted by applicable �aw. <br /> Addresses. The mailing addressss ❑f T�ustar {delafior} and Lender {se�ured party} fr�m which infvrma�ion <br /> concerning the s�curity interesfi granfied hy this Deed of Trust may be vhtained �each as required by �he lJni�o�m <br /> Comm�rcial Code} are as s�ated on the first page❑f this Deed ❑f Trus�. <br /> FiJRTHER A55URANCESf ATT�RNEY-IN-FACT. The ��ilowing pro�isivns relating to further assurances and <br />
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