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2� 17�2�88 � , r r i a DEED �F TRUST ��17t1r1u@d� Page 4 net proceeds vf the award he appl�ed to the #ndebtedness or the repair or restoration of the Praperty. The net praceeds of the award shal� mean#h� award af�ter payment of all reasona�le costs. exp�nses. and attvrneys' fees incurred hy Trus�ee❑r Lender�n cannection wi�h#he cvndemnation. IMPOSITI�IV �F TAxES, FEES AND CHAR�ES BY G�VERNMENTAL AUTH�RlTiES. The fvilvwing pro►►isions relating to g��ernm�ntal taxes, fees and charges are a par�vf�his Daed of Trust: Current Taxes. FQes and Charges. Upon request by Lender, Trustor shall execut� such dacuments in addition tn this Deed❑f Trust and take whate�er other action is requested by Lender to per�ect and continue Lender's lien on the Real Property. Trustor sheii reimburse Lender for all taxes� as described belaw, tog�ther w�th all expenses incurred in reearding, perfect�ng vr �ontinuing this ❑eed of Trust. including without limitativn all taxes, #ees. documentary stamps. and other charges for recording or regist�ring this Deed of Trus�t. Taxes. The fvllawing shall const�tute taxes to which this sec�ivn applies: �1� a speci�ic tax upon this type af Deed ofi Trust or upon all or any part �f the Indebtedness secured by this Deed of Trust; t2� a sp�c�fic tax on Trustor which Trustor is authorized or required t�d�duct frvm payments vn the Indebtedness secured by this type of Deed of TruSt; t3j a�ax on this type of Deed of T�ust�hargeab[e against the Lende�vr the holder of the Note: and �4} a specific tax on all or any portion of the Indebtedness or on payments of principal and interest made by Trustor. 5ubsequent Taxes. If any tax ta which this section applies is enacted subsequent ta the da�e vf �his Deed o# Trust, this e�ent shall ha�e the same e�fect as an E��nt of ❑efault, and Lender may exercise any or all of its a�ailable r�medies for an E�ent of ❑efault as pro�ided belaw uniess Trustor either �1} pays the tax before �t �scvmes delinquent, ar �2y contests the tax as prfl��ded abo�e in the Taxes and Liens section and depvsits with L�nder cash or a suf�icient�orparate surety bvnd ar vther se�urity satisfactvey to Lender. SECURITY AGREEMENT: FINANCING STATEMENTS. The foi�awing pro�isions relating t❑ this Deed of Trust as a security agreem�n�are a part o#this Deed of Trust: Security Agreement. This �nstrument shall cons�itute a Security Agreement to the extent any of #he Proper�y constitutes�ix�tures, and Lender shali ha►►e all of�he rights of a secur�d party under�he Unifarm Commerc�af Cvde as amended�rom time ta time. 5ecurity lnterest. Upvn request by L�nder, Trustor shall take whatever action �s requested by Lender to perfect and continue Lender's security interest in the Rents and P�rsonal Property. In additi�n to recording this Deed �� Trus� in 'the real property records, Lender may, at any time and withvut #urther authariza#ion from Trustor, fi�e executed caunte�parts, copies ❑r repr�du�tions a�F this Deed vf Trust as a financing s#atement. Trustor shall re�mhurse Lender for ali exp�nsss incurred in perfecting or continuing this security interest. Upon def�ult, Trustvr sha�l not remo�e. sever or detach the Persvnal Proper#y from th� Praperty. lJpon default� T�ustar shell asserr�ble any Personal Property not ef'Fixed to the Praperty in a manner and at a place r�asvnably con�enient�v Trustor and Lender and make it a►►ailable t❑ Lender within three �3� days aft�r receipt af written demand from Lender to the exten�permitted by applicable law. Addresses. The mailing addresses of Trustvr {deh�ary and Lender tsecured party� frvm which infvrma�ion cvncerning the security interest granted by �h�s Deed of Trust may he obtained �each as required by the Unifvrm Commercial Cvde� are as stated on the first page of this Deed o#Trust, FURTHER A55URaNCES; ATT�RNEY-IN,FACT. The fo�lvwing pra�isivns rglating to furthe� assurances and attorney-in-fact are a par#vf this Deed of Trust: Further Assurances. At any time, and from time to time, upan request of Lender, Trustor will make, execute and deli��r, vr wil!Cause to be made, executed vr deli�ered, tv Lender ar to Lender's d�signee,and when requ�s#ed by Lender, cause to be fi�ed, r�corded, refiled, ar rerecvrded, as the cas� may be, at such times and in such o#fices and places as Lender may deern apprapriate, any and alt such martgages, deeds of trust, secur�fy deads, sacurity agreements, finan�ing staxements, continuation statements, instruments of further assurance, certificates, and other documents as may, in the so�e apinion of Lender, be necessary or d�sirahle in order to effectuate, cvmp�ete, perfect, continue, or preser�e �1} Trustor's obligations under the Nvte. this Deed of T�rust, and the Re�ated Dvcuments, and �2} the liens and security interests created by this Deed of Trust as first and privr liens on the Property, whether nvw owned or hereaft�r ac�uir�d by Trustvr, Unl�ss prohibited by law or Lender agr�es to the cantrary in writing, Trustor shall reimburss Lender for all cvsts and expenses inGurred in connection with #he matters referred tv in th�s paragraph. Attorney-in-Fact. If Trusfiar fiails ta do any o�the things referred ta in the preceding paragraph, Lsnder may do so for and in the name �#Trustor and at Trustvr's expens�. Far such purposes, Trustor hereby i�re��cably appoints Lender as Trustor's att�rney-in-fact fo��he purpose of making, executing,delivering, #iling, recvrd�ng, and dving all vther things as may be ne�essary or desirable, in Lender's sole opinion, tv e�complish the matters referred to in the preceding paragraph. FULL PERF�RIIAAN�E. ��Trustor pays all the Indebtedness, includ�ng without limitatian a�� futur$ advances, when du�� and vtherwise perfvrms ail the vbligations impvsed upon Trustor under thfs beed of Trust, Lende� shalf ex�cute and deliver to Trustee a request for ful! recon�syance and sha1� executa and deli�er ta Trust�r suitable sta#emen�s of termination af any financing statement on file e�idencing Lender's s�curity interest in the Rants and the Persanal P�operty. Any recon�eyance fee required by law shalf b�paid hy Trustar, if permitted�y app�i�able law. EVEIVTS DF DEFAULT. Each af the fvllowing, at Lender's option. shai� constitute an E�ent of Uefault under this D�ed of Trust: Payment�efault. Trustvr fails ta make any payrnent when due und�r the �ndebtedness. �ther Defaults. Trustor fails to comply with or to p�rform any other terrn, obligation� cvvenant or condi�ion contained in this ❑eed vf Trust or in any of the Related Documents ar to compiy with ❑r ta par��rm any term, obiigation,�o�enant or condition contained in any❑ther agreement between Lender and Trustor, Comp�iance Default. Failure to compiy with any other �erm, obligation, co�enant or candition cvntain�d in this Deed of Trust,the Nvte or in any of the Related Dvcuments. Defau[t an�ther Payments. Failure of Trustvr within the time required by this Deed vf Trust to meke eny payment for taxes ar insuran�e, vr any other payment necessary to pre�ent fiiling of or to effect disch�arge v�any lien, Default in Fa�vr vf Third Parties. Should Grantvr default under any Ivan. extens�vn af credit, se�urity agre�ment� purchase ❑r sales agreement. or any other agr8ement, in fa�ar vf any other creditar or person tha�mey rnaterial�y a��ect any of Grantor's praperty or Grantor's abi�ity to repay the Indebtedness or Grantor's ab��ity to per��rm Grantor's obligati�ns under this Deed of Trust or any of the Related Documents. _ False St�tements. Any warranty, representat�ar� ❑� statemsnt made ar furnished t❑ Lender by 7rusxar �r on . Trustvr`s �ehalf under this�3eed af Trus�or the Relat�d Documents is false vr misleading �n �ny material respect, either nvw�r at the tirne made or furnished or becomes false vr rnisleading at any time th�reafter. Defecti�e Collatereliza#ion. This Deed vf Trust nr any ❑f the Reiated Dvcumsnts ceases ta be tn fuli force and ef#ect �including �ailure of any collateral �lvcument to create a �alid and perfec#ed security int�rest or lieny at any tim�and far any reason.