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DEED OF TRUST 200214510
<br />Loan No: 1632058 (Continued) Page 3
<br />survive the execution and delivery of his Deed of Trull, shall he rentlnning In nature, and shall Femene m full force and elffel unlll such time
<br />as Truster', Indebtedness shall be paid In lull.
<br />CONDEMNATION. The following provisions relating to condemnation p,ugeedmgs are a part of this Dead of Trust:
<br />Proceedings. If any proceeding in condemnation is filed, Truster shall promptly notify Lender In willing. and Truster shell promptly lake such
<br />steps as may be necessary to defend the action and obtain the award. Truster may be the nominal party in such proceeding, but Lender
<br />shall be entitled to participate In the proceeding and to be represented In the proceeding by counsel of its own choice, and Truster win
<br />deliver or cause to he delivered to Lender such instruments and documenlation as may be requested by Lender from time to time to permit
<br />such participation.
<br />Application of Net Proceeds. If all or any part of the Properly is condemned by eminnnl domain proceedings or by any proceeding or
<br />purchase in lieu of condemnation, Lender may at it, eteMion require that all or any carton of the eel proceeds of the award be applied to the
<br />Indebtedness or the repair or restoration of the Property. The net proceeds of the award shalt mean the award after payment of all
<br />reasonable costs, expenses, and attorneys fees incurred by Trustee or Lender In conrlachen with the condemnation.
<br />IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The bd:c:airy. pi.. ,ions mlotlng to gli..n ,it al tuxes,
<br />fees and charges are a part of this Deed of Trost.
<br />Current Taxes, Fees and Charges. Upon request by Lender_ Trusror shall execute such documents m addition to his Deed of Test and
<br />take whatever other action Is requested by Lender In perfect and ,ratmur, Lender's Flan on the Heal Property. Truster shall reimburse Lender
<br />for all taxes, as described below, logelhar with all axone... incurred ,, recording, perfect ng or continuing this Deed of Trust, Including
<br />without limitation all taxes, fees, documentary stamps and other charges for recording or registering this Deed of Trost.
<br />Taxes. The [allowing shall constitute taxes Io which this section applies,. (1) x specific tax upon this type of Deed of Trost or upon all or any
<br />part of the Indebtedness secured by this Deed of Trust; (2) a speaM1C lox on Truster which Truster is aunronzed or secured to pact from
<br />payments on the Indebtedness aemurod by this type of Deed M Ttusc. 3) a tax on thus type of Deed of Lust chargeable against rho Lender
<br />ar the holder of the Note, and ha a speailio tax en all or any earn, of Ina Indebtedness ei or, paymenk of Principal and interest red, by
<br />Trustor.
<br />Subsequent Taxes. If any tax to which this SA,t,Ar, aprho, In - narild -..i osequent le the dale of th.r Deed of Trust, Ihis event shall have the
<br />same affect as sun Event of Default, and 1 ender m;ry e of hs evadable re wires 1nr an Event of Default as pomaded below
<br />em m
<br />unless Truster either (it pays the tax behnr. b _ 4rin, t .. !2) a Ll Ina tax f rim n I o shave In Ina Texas and [lens
<br />,Patten and depO511S Wllh Lender cash or N sufficient Cprpprflln 41/91V bend or Other 59m I1nV caliSfafJery In I order
<br />SECURITY AGREEMENT; FINANCING STATEMENTS. The fellow rig prom <mn, relating to thin. Died of T,,,ra as a serurily syneenuent are a pad
<br />of this Deed of Trust:
<br />Security Agreement. This instrument shall yens Pule o Seamry Ayr a eel to the extent any of the Pronerly consllWles fixlwes, and I eadoi
<br />shall have all of the rights of a secured party under the Uniform rlommnmial Coda as amended from time In lime.
<br />Security Interest. Upon request by Lender, Trustor shall a cute financing statements and take whatever other actor is requested by
<br />Lender to perfect and continue Lender's security lnlemst In the Rents and Personal Properly. In addition It) recording this Deed of Trust in
<br />the real property depends, Lander may at any time and without huller aWhe,IZaran cum l usbr, fee eocculed counterparts ,'octal or
<br />reproductions of this Deed of Trust as a finammmg stelemenl. Trust,, shall reimburse Lender for all expanses incurred In pre0a leg or
<br />monllnuing this security interest Usual defaull. [Fuller snail not remove, saver or detach the Personal Property from the Prnp.,ly Upon
<br />A Wl, Trustor 5 hall assemble any PaFaOnfll Properly eel Iran.,! in the Property In a manner and at a place reasonably convenient In Ti ugrn
<br />and Lender and make it available to Lendai within force r8, days aflw receipt of wnitrn rtemana from Lentler In the extend parr red by
<br />applicable law.
<br />Addresses. The aside, addresses of Tr ohni Ilimit 1 Ied I -d Fi nd , ,tyf it oil wfnr,r Fluor ill 0 or, cancer caig Ibe secmnly mlenest
<br />granted by this Deed of Trust may be r ir.u.0 learn ate rammed Iry die ttmlpnn f: emitr ii Cnrlel are ns stated on the first page of thin
<br />Deed of Trull.
<br />FURTHER ASSURANCES; ATTORNEY -IN -FACT. The following pi ome.on relating to further ass. molll and altara,ur -feel are a part of this
<br />Dead of Trust:
<br />Further Assurances. At any time, and hour time to final upon request of Lender. Truster will make. execute and deliver, or will cause to be
<br />made, executed or delivered, to Lender or to Lender designee and when requested by lender, cause to be triad. recorded, retied, or
<br />rerecorded, as the case may be, at such times and in such ofllces and places as Lender may deem appropriate, any and all such mortgagess
<br />deeds of bust, Securlry dead, security agreemenls. financing statements, conhnuatmn statements. Instruments of firths, assuence,
<br />cerlfectes, and other documents es may, ,n the sole council of Lend.,, he necessary or desirable in or lot In sawroo e, rr mplen perfect,
<br />continue, or preserve (1) truster', delusions under the Note this fill of Trust_ and the Related Document. and (2) the liens and
<br />security interests created by this Dead ofTrust as firs) and poor hens muthe Proi . whether a,, li ni hnroanet acquired by alaSfnF.
<br />Unless prohibited by law or Lander ague., In tea o bary it ro,itiaol .',ilia, cbati surnhtI,, I eon in sFl costs and e ,, uses incurred in
<br />connection with the matters referred to in th•s pr,ap,anh
<br />Attorney -In -Fact. It Trustor fails to do any if the uunys Fcfenwd In in be pueredwg prison, Lends, may In no for and in the name of
<br />Truster and at Thasn's expense- F or I mi p orn _ rn,smi he it revorahl( a A amt [ en Inu I, Tr Fnoor'A After"' n -Art for the
<br />purpose of making, erounn g, dressing. firing e . .c., pnd lerno ri oIn,, intrins oc miry hr a c, n y Fir de. able. Fit Lender's sole
<br />Opaymy le aCCgmpish the ..floor ..faired to ,n the prenadln, naragmmh
<br />FULL PERFORMANCE. If Trustor pays all the Indebtedness wean due, or otherwise Verror ins all the obligations imposed upon Truster under
<br />this Deed of Trust, Lentler shall execute and cover in Tmslee a request lot full reconveyance and shall nxenule and deliver to Trusso, suitable
<br />statements of termination of any Friction, statement on file evidencing Lenders securlry oldest In the Rem, and the Personal Property. Any
<br />Inconsistence fee required by law shall be paid by Tdr,dr. If p,rm,tled rot appticablr raw_
<br />EVENTS OF DEFAULT. Each of Ina following, a[ 1 ender? lethal_ slums F:unsnbee an I. bit of Dekvet under tiff Dnad of Test.
<br />Payment Default. Truster fails to make any payment wren due under he Indebtedness.
<br />Other Defaults. Truster fails to comply with or to perform any robe, Ienn. nhly,fnn covenant Al ccndilinn r mtamed In this fired of I rust or
<br />in any of the Related Documents A, In r. md, with At is nwlrnT n; firm Arlan -, cn. nn.;nI e. F.mddmn wnUnned ,n iris ,it r
<br />agreement between Lender and Tmsrer.
<br />Compliance Default. Failure in comply with any other re,,. obtiyalmn. < n,armrd or condi is n crouton m tons Dead of Twsl. the Note in
<br />any of the Relatod Documents. It such a fallura ahfe and it t orlu, has 111.1 been g ten a .lance of n hmnnh of the same provision of this
<br />Dead of Trust within the preceding Iweiv. f 12, months, it may T. curer) land nn Event of Defaull will hove occuucd) if T,uslo,, eft,, Lender
<br />sends written notice demanding is of such fwlme' (a) cures the dri,e a,chln fifteen (1i) days - A [h) ,f the cure reoutres Tore than fifteen
<br />(15) days, Immediately initiates steps sufficient to cure the faller dart thin eaflor confirm., and rr mpletes ell reasonable and necessary steps
<br />sufficient to produce smarmart as ,non as oeasonably practical.
<br />Default me Other Payments. Failure of T,A,I.r wrpvr the hoe required by this Deed of Trust In make any payment far saxes or I,Got .ncFit, or
<br />any other payment necessary to prevent filing of or to effect dlenbarge of any lien.
<br />Default in Favor of Third Parties. Shn11Id Trustor default ,nde, any load, exlensiur or ,add security agreemenl, purchase or a ess
<br />agreement, or any other agreement, In favor of any other creditor or parson Ihal may mateneFly aflerl any of Tinsel preprily or diaslpr's
<br />ifladly to repay the Indebtedness or perform their re,pOrtmr, ebti r tell Irdef one; Deed of Tulcl rn any of 1hn Related Documents.
<br />False Statements. Any warranty represenln i,n hl hid Ina 1 ,geri Ip Leralro Tclr. For ar, TFlisler's tenet[ wider Iho Uesrl
<br />of Tmsl or the Related Documents f fats, rn .. r ion ni IF o =.pro,, r o r I, fill f A1, ,Inds or furnished or he.
<br />false or misleading at any time Ihereane,.
<br />Defective Collateralsolear. Thin Hired ol'eml ril Pt ore Hire 1 r-IIIII,rI r t to ni n, I I I Inol elf.nt firtcl I I d I r I fa i I t I re of iI
<br />cellal.ral document to create a valid and her., In 1 fly ,,as sal I 'i i nl any In t Ipr an, rn on,
<br />Death or Insolvency. The death of Trumle, the l nor v it L .. 11 e gppnir t n i, -, , r, any pall of Trpsta,, proundly, nay
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