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DEED OF TRUST 200302364
<br />Loan No: 41036 (Continued) Page 4
<br />CONDEMNATION. The following provisions relating to condemnation proceedings are a pad of this Dead of Trust:
<br />Proceedings. It any proceeding in condemnation is filed, Trustor shall promptly notify Lender in writing, and Trustor shall promptly take such
<br />steps as may be necessary to defend the action and obtain the award. Trusts may be the nominal party in such proceeding, but Lender
<br />shall be entitled to padlclpate In the proceeding and to be represented in the proceeding by counsel of its own choice, and Trustor will
<br />deliver or cause to be delivered to Lender such Instruments and documentatlon as may be requested by Lender from time to time to permit
<br />such participation.
<br />Application of Net Proceeds. If all or any pad of the Property is condemned by eminent domain proceedings or by any proceeding or
<br />purchase in lieu of condemnation, Lender may at its election require that all or any portion of the net proceeds of the award be applied to the
<br />Indebtedness or the repair or restoration Of the Property. The net proceeds of the award shall mean the award after payment of all
<br />reasonable costs, expenses, and attorneys' fees incurred by Trustee or Lender in connection with the condemnation.
<br />IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions relating to governmental texas,
<br />fees and charges are a pad of this Deed of Trust:
<br />Current Taxes, Fees and Charges. Upon request by Lender. Trustor shall execute such documents In addition to this Dead of Trust and
<br />take whatever other action is requested by Lender to perfect and continue Lender's lien on the Real Property. Trustor shall reimburse Lender
<br />for all taxes, as described below, together with all expenses incurred in recording, perfecting or continuing this Dead of Trust, including
<br />without limitation all lazes, fees, documentary stamps, and other charges for recording or registering this Dead of Trust.
<br />Taxes. The following shall constitute loxes to which this section applies: (1) a specific tax upon this type of Dead of Trust or upon all or any
<br />pad of the Indebtedness secured by this Dead of Trust; (2) a specific tax on Trustor which Trustor Is authorloed or required to deduct from
<br />payments on the Indebtedness secured by this type of Deed of Trust; (3) a tax on this type of Deed of Trust chargeable against the Lender
<br />or 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
<br />Trustor.
<br />Subsequent Taxes. If any tax to which this section applies is enacted subsequent to the date of this Dead of Trust, this event shell have the
<br />same effect as an Event of Default, and Lender may exercise any or all of Its available miracles for an Event of Default as provided below
<br />unless Trustor either (1) pays the lax before it becomes delinquent, or (2) contests the tax As provided above in the Taxes and Liens
<br />section and deposits with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender.
<br />SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Dead of Trust as a security agreement are a pan
<br />of this Dead of Trust:
<br />Security Agreement. This Instrument shall constitute a Security Agreement to the extent any of the Property constitutes fixtures, and Lender
<br />shall have all of the rights of a secured party under the Uniform Commercial Code as amended from time to time.
<br />Security Interest Upon request by Lender, Trustor shall execute financing statements and take whatever other action is requested by
<br />Lender to perfect and continue Lenders security interest in the Rents and Personal Property. In addition to recording this Dead of Trust in
<br />the real property records. Lender may, at any time and without further authorimtion from Trustor, file executed counterparts, copies cr
<br />reproductions of this Dead of Trust as a financing statement. Trustor shall reimburse Lender for all expenses Incurred In perfecting or
<br />continuing this security interest. Upon default, Trustor shall not remove, sever or detach the Personal Property from the Property. Upon
<br />default, Trustor shall assemble any Personal Property not affixed to the Property in a manner and at a place reasonably convenient to Trustor
<br />and Lender and make It available to Lender within three (3) days after receipt of written demand from Lender to the extent permitted by
<br />applicable law.
<br />Addresses. The mailing addresses of Trustor (debtor) and Lender (secured party) from which information concerning the security interest
<br />granted by this Deed of Trust may be obtained (each as required! by the Uniform Commercial Code) are as staled on the first page of this
<br />Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEYAN -FACT. The following provisions relating to further assurances and attorney -In -feet are a pad of this
<br />Dead of Trust:
<br />Further Assurances. At any lime, and from tines to time, upon request of Lender, Trustor will make, execute and deliver, cr will cause to be
<br />made, executed or delivered, to Lender or to Lender's designee, and when requested by Lender, cause to be filed, recorded, refiled, or
<br />rerecorded, as the rase may be, at such times and In such offices and places as Lender may deem appropriate, any and all such mortgages.
<br />deeds of trust, security deeds, security agreements, financing statements, continuation statements, instruments of further assurance,
<br />certificates, and other documents as may, in the sole opinion of Lender, be necessary or desirable in Order to effectuate, complete, perfect,
<br />continue, or preserve (1) Trustor's obligations under the Note, this Dead of Trust, and the Rotated Documents, and (2) the liens and
<br />security interests created by this Deed of Trust as first and prior liens on the Property, whether now owned or hereafter acquired by Trustor.
<br />Unless prohibited by law or Lender agrees to the contrary in writing, Trustor shell reimburse Lender for all costs and expenses incurred in
<br />connection with the matters referred to in this paragraph.
<br />Attorney -In -Fact. If Trustor falls to do any of the things retained to In the preceding paragraph, Lender may do so for and In the name of
<br />Trustor and at Trustor's expense. For such purposes, Trustor hereby irrevocably appoints Lender as Trustors efforney -in -fact for the
<br />purpose of making, executing, delivering, filing, recording, and doing all other things as may be necessary or desirable, in Lender's sole
<br />opinion, to accomplish the matters relined to in the preceding paragraph.
<br />FULL PERFORMANCE. If Trustor pays all the Indebtedness, Including without limitation all future advances, when due, and otherwise performs
<br />all the obligations imposed upon Trustor under this Deed of Trust, Lender shall execute and deliver to Trustee a request for full reconveyence and
<br />shall execute and deliver to Trustor suitable statements of termination of any Wending statement on file evidencing Lenders security interest in the
<br />Rene and the Personal Property. Any reconveyence fee required by law shall be paid by Trustor, it permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, at Lenders option, shall constitute an Event of Default under this Deed of Trust:
<br />Payment Default. Trustor fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Trustor tails to comply with or to perform any other term, obligation, covenant or condition contained in this Dead of Trust or
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