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2� 17�2�59
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<br /> DEED �F TRUST.
<br /> � t�antinued� Page 4
<br /> n�t proceeds ❑f the award be applied t❑ the I ndebtedness or �he r�pair vr r�storatian of the Proper#y. The net
<br /> prviceeds af the award shall mean the award after payment af all �easvnable cvsts, expenses, and attarneys' fe�s
<br /> in�urred by Trustee or Lender in connsction with the�ondemnation.
<br /> IMPQS�TI�1�qF T�4]CES, FEES �4111D CHARGES BY G�YERNiiIiE�IITAL AEJTH�RITiFS. The fall�wing pra�isions relat+ng
<br />. to ga�ernmental taxes,fees and charges are a part af this Deed�f Trust:
<br /> �urrent Taxes. Fees and Gharges. lJpQn request by Lender, Trustar sha�i execute such documents in addition to
<br /> this Deed of T�ust and take whate�er other activn is requested by L�nder to perfect and cvnt�nue Lender's lien vn
<br /> the Real Property. Tcustor shall reimburse Lender for ali taxes, as described below, tagether with all expenses
<br /> incurred in recvrding, perfecting or �on�inuing this Deed of Trust, including wi�hout limitation all taxes. fees,
<br /> dvcumentary stamps, end othet cha�ges for recording or registering this Deed of Trus#.
<br /> Taxes. The following shall cvnstitute taxes to which this secti�n applies: {1} a specific tax upvn this type of
<br /> D�ed of Trust❑r upon all or any part af the Indebtedness secured by#his Deed ofi Trus#; ��} a specific tax on
<br /> Trustor which Trustor is autharized or required to dedu�t from payments an the �ndebtedness se�u�ed by this type
<br /> vf[]sed vf Trust; �3y a tax on this type vf Deed❑f Trust chargeable against the Lender vr the hvlder of the Nvte;
<br /> and t4y a speGific tax on all or any portion❑f the Indebtedness or❑n payments of principal and interest made by
<br /> Trusta�.
<br /> Suhsequent Taxes. If any tax to which this section appli�s is enacted subsequent tv the date vf thi5 Deed of
<br /> Trust, this e�ent shall ha�e the same e��ect as an E�ent o# Default. and Lender may exercise any or a�l of its
<br /> a�ailable rerrXedies for an E��n# of Default as pro�ided helaw unless Trustvr either �1 y pays the tax before it
<br /> b�comes delinquent, vr �Zy cantests the tax as prvvided abv�e in the Taxes and Liens section and deposits with
<br /> Lender cash❑r a suffi�ient carporate surety bond❑r other security satisfactory to Lgnd�r.
<br /> SECURITY AGREEMENT; FINAWCING STATEMENT5. The following prv�isivns relating to �his Deed o# Trust as a
<br /> security agreement are a parx ot th�s Deed❑t Trust:
<br /> 5e�urity Agreament. This instrum�nt shall constitute a Se�urity Agreement to the extent any ofi the Prvperty
<br /> constitutes fiacture�, and Lender shaii ha�e all af the rights of a secured party under the lJnif�rrn Cornmercial Cod�
<br /> as amended frorn time tv#ime.
<br /> 5ecurity �nteres#. lJp�n rsquest hy Lender, Trustor shal� take whate�er action is requested by Lgnder ta pe�fect
<br /> and �vntinue Lender's security in#erest in the Rents and Personal Prvperty. in addition ta recording this Deed af
<br /> Trust En the real property records, Lender may. at any time and withvut turther authorization frvm Trust�r, file
<br /> executed counterparts, copies or reproductions of this Deed o� Trust as a �inancing statement. Trustvr shall
<br /> reimburse Lender for eE! expenses incurred in perfecting or continuing#his securi#y inter�st. lJpon defauft, Trustor
<br /> shall not rerno�e, se�er vr detach the Personal Property from the Proper#y, Upon defauft, Trustvr shalf assemble
<br /> any Persvnal Proper�y not a#fixed to the Prvperty in a manner and at a place reas�nably can�enient to Trus#or and
<br /> Lender and make it a�ai�able tv Lender within three �3� days after receipt of written demand fram Lender tv the
<br /> extent perrnitted by applicable law.
<br /> Addressas. The mailing addresses o� Trustor �debfiar} and Lend�r (secured party� #rom which informa�ion
<br /> conGerning the s�curity in#erest granted by this Deed of Trust may be abtained �each as required by the Unifvrrn
<br /> Cvmmercial Cvdey are as stated vn the first page of this Deed❑t Trust,
<br /> FURTHER ASSURANCES; ATT�RNEY-IN-FACT. The fvflawing pro��s�ons relating ta further assurances and
<br /> attarney-in-fact are a part of this Deed af Trust:
<br /> Further Assurences. At any time� and from time tv tirne, upon request vf Lender, Trustor wi�� make, exacute and
<br /> de�t�er,or will cause to be made, ex�Guted ar deli�ered,tv Lender❑r to Lender's designee,and when requ�s�ed by
<br /> Lender, �ause tv be �iled, recarde�, ref�ied, or rerecvrded, as the case may be, �t such #imes and in su�h offices
<br /> and places as Lender rnay deem apprapriate, any and all su�h martgages, deeds of trust, seCuri#y deeds, s�cutity
<br /> agreements, #inancin� staternsn#s, continuativn s#atements, instruments of further assur�n�e, certi�Ficates, and �
<br /> ather documents as may, in the sole opinion of Lender, he necessary ar desirable in order t�effe�tuate, cvmplete, ;
<br /> perfect, continue, or preser�e �1} Trustar's obligations under the Note, this Deed a'F 7rust, �nd �he Related
<br /> Dvcuments, and t2y the liens and security interests created by this Deed af Trust as first and priar iiens ❑n the
<br /> Prvperty. whether now owned or hereafte�acquired by Trustor. Unless prvhibi�ed by law ar Lende�agrees to the
<br /> �vntrary in writing, Trustor shall reimburse Lender for a�1 casts and expens�s incurred in connection with the
<br /> matters referred tv in this paragraph.
<br /> Attorney-in-Fact. �f Trustor fails ta do any�f tt�e#hings referred �o in the preeeding paragraph. Lender may do so
<br /> far and in the name o�Trustar and at Trustar's expense. For such purpases, Trustor her�by irrevocebly �ppo�n�s
<br /> Lender as Trustvr's attvrney-in-fact far the purpose af making,executing, deli�er�ng�#iling, recarding,and daing all
<br /> vther things as ma� be necessary or desirable, in Lender's sale �pinian, to accvmpiish the matters referred tv in
<br /> the preceding paragraph.
<br /> FULL PERF�RMANCE. I#Trustor pays a!I the �ndebtedness, including without limitation all future advences. when due,
<br /> and atherwise �erfiorms all the obtigat�vns impvsed upan Trustor under this De�d o#Trust, Lender shall execute and
<br /> delE�er to Trustee a request for fuil recon�eyan�e and shall execute and de���er to Trustvr suita�le st�tements af
<br /> #ermination ❑f any financing statement on file e�idencing Lender's security interest in the Rgnts and the Persanal
<br /> Property. Any re�on►►eyan�e fee required hy law shall be paid by Trustor,if permitted by applicable !av►r.
<br /> EVENTS �F DEFALILT. �ach of the fallowing, at Lender`s optian, shal� cvnst�tute an E�ent of ❑efault under this Deed
<br /> ofi Trust:
<br /> Payment Dertau�t. Trustor fails to make any paym�nt when due under the Indehtedness.
<br /> �#her �efau�ts. Trustor fails to compiy with ar to per�ofm any vther term, obiigatian� cvven�nt or �onditian
<br /> cantained �n �his Deed of Trust ❑r in any af�he Related Documents or to camply with flt� ta perform any term,
<br /> obliga#ivn,co��nent vr condition cvntained in any ather agreement betwe�n Lender and Trustor,
<br /> Cornpliance Default. Failure tv c�mply with any other term, obligat�vn, cv�enant or cond�tion contained in this
<br /> Deed of Trust,the Nvte or in any o�the�elat�d Documen�s.
<br /> Defeult vn Diher Payments. Failur�of Trustor with�n the tirne required by this Deed of Trust to make any payment
<br /> far taxes ar insurance,vr any vther payment necessary ta pre�ent filing of or ta effe�t discharge of any lien.
<br /> Defaul�in Favnr uf Third P�rties. Should Grantor de�ault under any Ivan. extension vf credit! se�urity agrs�ment,
<br /> purchase or sales agreement, or any vther agreement■ in fa�fl�vf any other creditor or pers�n that rn�y materially
<br /> affect any vf Grantar's property or Grantor's ability tv repay th� lndebtedness ar Gr�ntor's ability tv perform
<br /> Grantor's ob�igativns under�his Deed of Trust or any vf the Related Dvcuments.
<br /> Faise Stataments. Any warranty, r�pr�sentatior� ar statement made ar furnished ta Lender by Trustor �r vn
<br /> Trustor's behal# under this Deed of Trust or�he �te�ated Do�uments is fa�se or misleading in any m�terial respeGt�
<br /> e�ther now or at the time made vr�furnished vr be�omes#a�se ar misleading at any time thereafter.
<br /> Defecti►►e Co�lateralize#ion. This ❑eed of Trust or any of the Reiated Do�uments �eases to be in full force �nd
<br /> e�fect {including failure of any callat�ral d�cument tv create a valid and perfected seGu�ity interest or lien� at any
<br /> time and far any reason.
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