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2� 17�2358
<br /> vEEv oF T�u�T
<br /> ��ontinued� P�g� 4
<br /> Trustor will deli�er, or cause tv be d�[��ered, to Lender such instruments as Lender may requ�st�rom time to time
<br /> to pe�mit such participation.
<br /> Campliance With La►nos. Trustor warrants that the Praperty and Trustor's use of the Proper�y �omplies wi�h all
<br /> exis�ing appficabie laws, ordinances, and �egu�ations of go�ernmenta[ authorities.
<br /> Sur►ri�a! of Ftepresenta�ions and Warranties. ►4�1 repr�sentations, warranties, and agreements made by Trustor in
<br /> this De�d of Trust shall sur�i�e the executivn and deli�ery of this Deed a�T�ust, shall be continuing in na�ure, and
<br /> shall remain in fuii ��rce and effe�t until such time as Trustor's lnd�btedness shall be paid in fulf.
<br /> ��NDEMNATI�N. The following pro�isions re�a�ing to Gondernnation proceedings are a par�t of this Deed vf Trust:
<br /> Proceedings. �� any proceedEng in condemnation is filed, Trustor shall promptly notify L�nd�� in wri�ing, and
<br /> Trustor shall prvmptly take such steps as may be necessary �� de�end the action and obta�n �he award. Trust�r
<br /> may be the nominal par�y in such proceeding, bu�Lender sha(I be entitled t❑ participate in the p�oceeding and to be
<br /> repr�sented �n the proceeding by counsel of its vwn Chvice, and Trustor will deli�er vr �ause to he deli�ered tv
<br /> Lender such ins�ruments and dvcumentation as may be requested by Lender from time to t�me tv permit such
<br /> participatian.
<br /> App��cation vf Ne� Proceeds. !�a�1 vr any par�of the Prop�rty is candemned by eminent d�main proceedings or by
<br /> any prac�eding�r pur�hase in �ieu a#condemnativn, Lender may at its elsc�ion require that ai!or any portion o�the
<br /> net proceeds vf �he award be applied �o the indebtedness o� the repair or res�ora#ivn �f the Proper�y. The net
<br /> prviceeds v�the award sha[� mean the award after payment of ai� reasvnabl� costs, expenses, and a��orneys' fees
<br /> incurred by Trustee ar Lender in �anne�tion wi�h the�vndemnati�n.
<br /> �IVIP�SITI�N �F TAXES, FEES ANa CHARGES BY GOVERNMENTAL AUTH�RITIES. The following pro�isions r�lating
<br /> to go�ernmen�al tax�s, �ees and �harges are a part o�this Deed of Trust;
<br /> Current Taxes, Fees and Charges. Up�n r�quest by Lender, Trustor shall execute such dacuments in addi�ion to
<br /> this Deed of Trust and take wha�e�er other action is requested by Lender to per�ect and continue Lender�S ��en Dn
<br /> the Real Prvperty. Trustor shall reimburse Lend�r fo� all taxes, as described b��ow, tagether wi�h a�! expenses
<br /> incu�red in recording, perfecting ar continuing this Deed of Trus�, including without lirr�i�a�ion alf taxes, fees,
<br /> documentary stamps, and other charges for rec�rd�ng❑r registering this Deed of Trust.
<br /> Taxes. The fvllowing shail constitute �axes �o which this sectian applies: �1) a specific �ax upon this type of
<br /> Deed of Trust �r upon all ar any part o� the Indebtedness secured by this Deed of Trust; 42� a specific tax vn
<br /> Trus�or which Trustvr is authorized o� required t❑ dedu�� from payments on the Indebtedness s�cured by�his type
<br /> of❑eed of Trust; �3� a tax vn this type ��Deed of Trust chargeab�e against the Lender or the ho�der of the Nvte;
<br /> and �4} a specific tax on all or any pvrtivn o�the Indeb�edness or on payments v� principal and interest made hy
<br /> Trust�r.
<br /> Subsequenfi Taxes. �� any tax to which this sectivn applies �s enacted subse�u�nt to the da�e vf �his D�ed of
<br /> Trust, this e�ent shafi ha�e the same effect as an E�ent vf fJefault, and Lender may exercise any or all o� its
<br /> a�ai[a��e remedies for an E�ent ❑fi Default as pra�ided belvw unless Trustor either �1} pays �he tax be�ore it
<br /> becomes d�iinquen�, vr ��y contests the tax as pro�ided aho�� in the Taxes and Liens sectian and depvsits with
<br /> Lender cash Qr a su#ficient�arparate surety bond or other se�urity satis�actory t❑ Lender.
<br /> SECURITY AGREEIIIIENT; FINANCING STATENtENTS. The foll�wing pro�isions rela�ing to this ❑�ed of Trus1: as a
<br /> se�urity agreement are a part of this Deed of Trust:
<br /> 5ecurity Agreement. This instrument shaii constitute a 5ecurity Agreement to the exten� an� of the Praperty
<br /> constitutes fixtures, and �ender shafl ha�e all v#fihe rights af� se�ured pa�ty under the �niform Commerciaf CQde
<br /> as amend�d firam time to time.
<br /> 5ecurity In#erest. Upon r��u�st by Lender, Trustor shal! take whate�er ac�ion is requested by Lender to Rerfect
<br /> and cvnt�nue Lender's security interest in �he Rents and Personai Prope�ty. fn addi�ion to recording this Deed o�
<br /> Trust in the real praperty records, Lender may, at any tim� and without �urther authorization from Trus�ar, fife
<br /> ex�cuted count�rparts, copies flr reproductions v# this Deed of Trus� as a financing statemen�. Trustor shall
<br /> reimhurse Lender for all expenses incurred in per�ect�ng or �an�inuing this �ecurity interes�o Upon de�auit, Trustor
<br /> sha�i not remo�e, se��r or detach the Persona� Property fr�m the Property. Upon d��ault, Trus�or shall as�emhle
<br /> any Persona� Prvperty nat af�ix�d �v the Prvperty in a manner and a�a place reasvnably cvn�enient to Trust�r and
<br /> Lender and make it a�ai[able �o Lender within three �3� days a�ter receipt �f written demand from Lender to �he
<br /> extent permitted hy applica�fe faw.
<br /> Addresses. The mailing addresses a� Trustar �del�tar� and Lender �secured party� from which in�vrma�ion
<br /> concerning the secur�ty interest granted hy thEs Deed o# T�-ust may be ob�ained �each as required by the Un�#flrm
<br /> �vmmercial Cade� are as stat�d on the first page of this De�d��Trust.
<br /> FURTHER ASSURANCES; ATT�RNEY-IN-FACT. The following pro�isions relating �o further assurance� and
<br /> attorney-in-fac�are a par�❑fi this Deed of Trust:
<br /> Further Assurances. At any time, and �rom �im� �o time, upon request of Lender, Trustor will make, ex�cu�e and
<br /> deliver, or will cause to b� made, executed ❑r de{i�ered, to Lender or�o Lender's des�gnee, and when requested hy
<br /> Lender, cause to be �ifed, recorded, refiled, or rerecvrded, as the case may k�e, at such �imes and in su�h v��ices
<br /> and places as Lender may deem appropriate, any and aff su�h m�rtgages, deeds of trust, security deeds, s�cu�ity
<br /> agreements, f�nancing statements, cant�nuation s�atements, ins�ruments a� further assuranc�, ce�tifi�a�e�, and
<br /> ather dvcuments as may, in�he sale opinion o� Lender, be ne�essary or desirabl� in order to effectuat�, carr�ple�e,
<br /> per��ct, con�inue, or preser�e �1 y Trustar's vbligativns under the Note, this Deed o� Trust, and the R�lated
<br /> Documents, and ��y th� fiens and security interests �reated by �his Deed of Trust as �irst and prior fiens on the
<br /> Property, whether now owned r�r hereaf�er a�quired by T�ustor. Unless prvhibi�ed by law or Lender agrees to the
<br /> contrary in writing, Trus#�r shal! reimburse Lender �or alf cvsts and expenses incurred in �vnnec�ion with �he
<br /> ma��ers ref�rred to in�his paragraph.
<br /> Attvrney-in-Facte I�Trus�or�ails to do any of the things ref�rred ta in the preceding paragraph, Lender may do so
<br /> for and in the name �f Trustor and at Trustor's expense. Fvr such purposes, Trustor hgreby irr��ocably �ppoints
<br /> Lende�as Trustor's attorney-in-fac�fvr the purpose af making, executing, deli�ering, fi�in�, �ecording, and do�ng all
<br /> other things as may be n�c�ssary flr desirable, in Lend�r's so�e opinion, to accomp�ish the mat�ers r�ferred to in
<br /> the preced�ng paragraph.
<br /> FULL PERFQRMANCE. lf Trustor pays al1 the [ndebtedness, inc�uding without limi�a�ion all future ad�ances, when due,
<br /> and ofiherwise perfvrms all the �bl�gativns imposed upvn Trust�r under this CJeed of Trus#, Lender shall execut� and
<br /> deli��r �o Trustee a r�ques� for �u�� recon�eyance and shall execut� and deli�er �o Trustor suitab�e s�atements o#
<br /> �erminatian o� any �inancing statement on file e�idencing Lende�°s security in�erest in the Rents and the Pe�sona�
<br /> P�aper�y. Any r�con�eyance fee required by law shall be paid hy Trustar, i�permitted by applica�le law.
<br /> EVENTS DF DEFAULT. Each of the fol�owing, at Lender's option, shall canstitute an E�en� ofi Defauit under�his Deed
<br /> a�Trust:
<br /> Paymen�De#au�t= Trustor fails ta make any payment when due und�r th� Inde�tedness.
<br /> Qther Defaults. Trustor fails �o comply ►nrith ar to perform any other term, obliga�ion, co�enant or canditivn
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