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DEED OF TRUST (Continued) 200207056 Page Compliance with Laws. Trustor warrants that the Prop" and Persian use of the Property complies with all existing applicable laws, experiences, and regulations of gostrucc al authorities. Survival of Promises. NI promises, agmemener and statements Tmstor has made In this Dead IN Trust shall survive the execution and delivery of this Dead of Trust, shall be continuing in nature and shall remain In lull force and effect until such time as Borrower's Indebredess Is bald in full EXISTING INDEBTEDNESS. The following prodsenes concerning Existing Indebtedness are a part of this Dead of Trust. Existing Lien. The Ilan of this Deed of Trust securing Me Indabtedness may be secondary and inferior to the Ilan securing payment of an existing obGgotion. The existing obligation has a current principal balance of approximately S149,405 UP Trustor expressly covenants and agrees to pay, or see to the payment of, the Existing Indebtedness and to prevent any default on such Intlebtswal, any default under the Instruments evidencing such Indebtedness, or any default under any security documenter for such indebtedness. No Modification. Trustor shell not enter Into any agreement With the holder of any mortgage, tleN of trust, or other security agreement which has priority over Ibis Dead of Trust by which that agreement Is mcentied, amontled, extended, Cr renewed without the prier written sent of Lentler. Trustor shall neither request cur accept any future advances under any such security agreement without the prior written sere a Lender. CONDEMNATION. The following provisions relating to condemnation proceedings are a pan of this Dead of Trust Proceedings. If any proceeding in condemnation Is filer Trustor shall promptly notify Lender in writing, and Tmstar shall promptly take such steps as may be necessary to defend the action and CMaln the award. Pruden may be the nominal party In such proceeding, but Lender shall be enttled Id participate In the proceeding and to be represented In the proceeding by counsel of its awn choice, and Trustor will deliver or cause be he tlebvemd to Lender such Instruments and documentation as may be requested by Lender fmm time Is time to permit Such partlarwoun. Application of Net Proceeds. If all or any and of the Properly Is condemner by eminent domain proceedings or by any proceeding or purchase In Ilau of condemnation. Lender may at is elaceon require that all or any portion of me net proceeds of the award be applied M the Indebtedness or the repair or restoration of the Prop" The net proceeds of Me award shall mean the awed after payment of all reasonable casts, expenses, and attorneys' fees Incurred by Trustee or Lender in rescreen With Me condemnation. IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORRIES. The following provisions relating to governmental taxes, fees and Charges are a pen of this Deed of Trust Current Taxes, Fees and Charges. Upon request by Lender Trustor shall execute such documents In second M the Dead of Trust and take whatever other action Is requested by Lender to perfect ant continue Lenders Ilan on Me Real Property Trusor shall reimburse Lender for all taxes, as descried below, Mgenter with all expenses incurred In recording, protecting or continuing his Deed of Trust, Including without limitation all taxes, fees, documentary stamps, and other charges for recording or egistering this Dead of Trust. Taxes. The fallowing shall consisting taxes to which his section applies: (1 ) a specific tax upon this ype of Deed of Trust or upon all or any Pan of the Indebtedness secured by this Deed of Trust, (2) a specific tax on Borrower which Borrower Is authorized or required M deduct from payments on the Indebtedness secured by this type of Dead of Treat) (3) a tax on this type of Deed of Trust chargeable against Me Lender or the holder of the Credit Agreement; and (4) a epecOlC tax on all or any WHOM of Me Indebtedness or on payments of Poreslvl and interest matle by Borrower. Subsequent Taxes. If any tax to wisch this section applies is enacted subsequent M the date of this Dead of Trust, this event shall have Me same effect as an Event of Default, and Lender may exercise any of all of its available remedies for an Event of Default as provided below unless Trustor either (1) pays the tax before It becomes delinquent, or (2) contests the lax as provided speed in the Taxes and Liens section and deposits With Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender. SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating W this Dead of Trust as a security agreement are a pad of Deed a Truss Security Agreement This instrument shat constlnte a Security Agreement M the extent any of the Property constitutes fixtures, and Lender shall have at of ngms bt a secured new under the Uniform commercial Code as amended horn time to time. Security Intent UPOn fewest by Lender, Trustor shall execute financing statements and lake whatever either action Is requested by Lender to honest and continue Lender's security Interest In the Favored Property. In addition to recording this Dead of Trust in the real property records, Lender may at any time and without further solarization from Trustor, Idle executed counterpane, copies or reproductions of Mis Dcetl of must as a financing statement Truster shall compounds Lender for all examines incurred In padeoting or continuing this security interest Upon default, Theater shall not remove sever or detach Me Personal Property from the Property. Upon default, Trustor shall assemble any Personal Property not affixed to Me Property In a manner and at a place reasonably convenient to Trustor and Lender and make it available to Lender within three (9) days after recent of written demand from tender M the extent Permitted by applicable law. Addresses. The mailing addresses of Truster (debtor) and Lender (secured party) from which information Concerning me security Interest granted by this Deed of Trust may be obtained (each as required by the Uniform Commercial Cotle) are as stated on the first page of this Dead W Trust. FURTHER ASSURANCES; ATTORNEY -IN -FACT. The following provisions relating to further assurances and attorney- infact are a part of this Deed of Trusf. Further Assurances. At any time, and from time M time ripen request of Lender Tmstor will make, execute and tlellver, or will cause to be made, executed or tleivered, to Lender or to Lender's designee, and when requested by Lander, Cause to be Had, recorded, mild, or rerecorded, as the case Imply be at such times and in such otllcee and places as Lender may deem Prompted, any and all such mortgages, deetls of trust, security deeds, security agreements, financing statements, continuation statement, instruments of further assurance Cedflcates, and other d vements as may. In the sole opinion of Lentler, be necessary or desirable in order to effectuate, offer t4 Psdect, continue, or preserve (1) & mowers and Trustor 's obilgations under the Credit Agreement this Deed M Trust, and the Related Documents, and (2) the (lens and security Interests created by this Dead of Trust on the Property , whether now owned or hereafter ancon by Tmstar.