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<br />DEED OF TRUST <br />(Continued) <br /> <br />200802921 <br /> <br />Page 3 <br /> <br />Trust, and (b) Trustar has the full right, pawer, and autharity to. execute and deliver this Deed af Trust to. Lender. <br /> <br />Defense af Title. Subject to. the exceptian in the paragraph abave, Trustar warrants and will farever defend the title to. the Praperty <br />against the lawful claims af all persans. In the event any actian ar praceeding is cammenced that questians Trustar's title ar the <br />interest af Trustee ar Lender under this Deed af Trust, Trustar shall defend the actian at Trustar's expense. Trustar may be the <br />naminal party in such praceeding, but Lender shall be entitled to. participate in the praceeding and to. be represented in the praceeding <br />by caunsel af Lender's awn chaice, and Trustar will deliver, ar cause to. be delivered, to. Lender such instruments as Lender may <br />request fram time to. time to. permit such participatian. <br /> <br />Compliance With Laws. Trustar warrants that the Praperty and Trustar's use af the Praperty camplies with all existing applicable <br />laws, ordinances, and regulatians af gavernmental autharities. <br /> <br />Survival af Pramises. All pramises, agreements, and statements Trustar has made in this Deed af Trust shall survive the executian <br />and delivery af this Deed af Trust, shall be cantinuing in nature and shall remain in full farce and effect until such time as Trustar's <br />Indebtedness is paid in full. <br /> <br />EXISTING INDEBTEDNESS. The fallawing pravisians cancerning Existing Indebtedness are a part af this Deed af Trust: <br /> <br />Existing Lien. The lien af this Deed af Trust securing the Indebtedness may be secandary and inferiar to. an existing lien. Trustar <br />expressly cavenants and agrees to. pay, ar see to. the payment af, the Existing Indebtedness and to. prevent any default an such <br />indebtedness, any default under the instruments evidencing such indebtedness, or any default under any security dacuments far such <br />indebtedness. <br /> <br />No Madificatian. Trustar shall no.! enter into. any agreement with the halder afany martgage, deed af trust, or ather security <br />agreement which has priarity aver this Deed af Trust by which that agreement is madified, amended, extended, ar renewed withaut <br />the prior written cansent af Lender. Trustar shall neither request nor accept any future advances under any such security agreement <br />withaut the priar written cansent af Lender. <br /> <br />CONDEMNATION. The fallawing provisians relating to. candemnatian praceedings are a part af this Deed af Trust: <br /> <br />Praceedings. If any praceeding in candemnatian is filed, Trustor shall pramptly natify Lender in writing, and Trustar shall pramptly <br />take such steps as may be necessary to. defend the actian and abtain the award. Trustar may be the naminal party in such <br />praceeding, but Lender shall be entitled to. participate in the praceeding and to. be represented in the praceeding by caunsel af its awn <br />chaice, and Trustar will deliver ar cause to. be delivered to. Lender such instruments and dacumentatian as may be requested by <br />Lender fram time to. time to. permit such participatian. <br /> <br />Applicatian af Net Proceeds. If all ar any part af the Praperty is candemned by eminent damain praceedings ar by any praceeding or <br />purchase in lieu af candemnatian, Lender may at its electian require that all ar any partian af the net praceeds af the award be applied <br />to. the Indebtedness ar the repair ar restaratian af the Praperty. The net praceeds af the award shall mean the award after payment af <br />all reasanable casts, expenses, and attarneys' fees incurred by Trustee ar Lender in cannectian with the candemnatian. <br /> <br />IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The fallawing pravisians relating to. gavernmental <br />taxes, fees and charges are a part af this Deed af Trust: <br /> <br />Current Taxes, Fees and Charges. Upan request by Lender, Trustar shall execute such dacuments in additian to. this Deed af Trust <br />and take whatever ather actian is requested by Lender to. perfect and cantinue Lender's lien an the Real Praperty. Trustar shall <br />reimburse Lender far all taxes, as described belaw, tagether with all expenses incurred in recarding, perfecting ar cantinuing this Deed <br />af Trust, including withaut limitatian all taxes, fees, dacumentary stamps, and ather charges far recarding ar registering this Deed af <br />Trust. <br /> <br />Taxes. The fallawing shall canstitute taxes to. which this sectian applies: (1) a specific tax upan this type af Deed af Trust ar upan <br />all ar any part af the Indebtedness secured by this Deed af Trust; (2) a specific tax an Trustar which Trustar is autharized ar <br />required to. deduct fram payments an the Indebtedness secured by this type af Deed af Trust; (3) a tax an this type af Deed af Trust <br />chargeable against the Lender ar the halder af the Nate; and (4) a specific tax an all ar any partian af the Indebtedness ar an <br />payments af principal and interest made by Trustar. <br /> <br />Subsequent Taxes. If any tax to. which this sectian applies is enacted subsequent to. the date af this Deed af Trust, this event shall <br />have the same effect as an Event af Default, and Lender may exercise any ar all af its available remedies far an Event af Default as <br />pravided belaw unless Trustar either (1) pays the tax befare it becames delinquent, ar (2) cantests the tax as provided abave in the <br />Taxes and Liens sectian and depasits with Lender cash ar a sufficient carparate surety band ar ather security satisfactory to. Lender. <br /> <br />SECURITY AGREEMENT; FINANCING STATEMENTS. The fallawing pravisians relating to. this Deed af Trust as a security agreement are a <br />part af this Deed af Trust: <br /> <br />Security Agreement. This instrument shall canstitute a Security Agreement to. the extent any af the Property canstitutes fixtures, and <br />Lender shall have all af the rights af a secured party under the Unifarm Cammercial Cade as amended fram time to. time. <br /> <br />Security Interest. Upan request by Lender, Trustar shall take whatever actian is requested by Lender to. perfect and cantinue Lender's <br />security interest in the Persanal Praperty. In additian to. recarding this Deed af Trust in the real praperty recards, Lender may, at any <br />time and withaut further autharizatian fram Trustar, file executed caunterparts, capies ar repraductians af this Deed af Trust as a <br />financing statement. Trustar shall reimburse Lender far all expenses incurred in perfecting ar cantinuing this security interest. Upan <br />default, Trustar shall nat remave, sever ar detach the Persanal Praperty fram the Praperty. Upan default, Trustar shall assemble any <br />Persanal Praperty nat affixed to. the Praperty in a manner and at a place reasanably canvenient to. Trustar and Lender and make it <br />available to. Lender within three (3) days after receipt af written demand fram Lender to. the extent permitted by applicable law. <br /> <br />Addresses. The mailing addresses af Trustar (debtar) and Lender (secured party) fram which infarmatian cancerning the security <br />interest granted by this Deed af Trust may be abtained (each as required by the Unifarm Cammercial Cade) are as stated an the first <br />page af this Deed af Trust. <br /> <br />FURTHER ASSURANCES; ATTORNEY-IN-FACT. The fallawing pravisians relating to. further assurances and attarney-in-fact are a part af <br />this Deed af Trust: <br /> <br />Further Assurances. At any time, and fram time to. time, upan request af Lender, Trustar will make, execute and deliver, ar will cause <br />to. be made, executed ar delivered, to. Lender ar to. Lender's designee, and when requested by Lender, cause to. be filed, recarded, <br />refiled, ar rerecarded, as the case may be, at such times and in such affices and places as Lender may deem appropriate, any and all <br />such martgages, deeds af trust, security deeds, security agreements, financing statements, cantinuatian statements, instruments af <br />further assurance, certificates, and ather dacuments as may, in the sale apinian af Lender, be necessary ar desirable in arder to. <br />effectuate, camplete, perfect, cantinue, ar preserve (1) Trustar's abligatians under the Nate, this Deed af Trust, and the Related <br />Dacuments, and (2) the liens and security interests created by this Deed af Trust an the Praperty, whether naw awned ar hereafter <br />acquired by Trustar. Unless prahibited by law ar Lender agrees to. the cantrary in writing, Trustar shall reimburse Lender far all casts <br />and expenses incurred in cannectian with the matters referred to. in this paragraph. <br /> <br />Attorney-in-Fact. If Trustor fails to. do. any af the things referred to. in the preceding paragraph, Lender may do. so far and in the name <br />af Trustar and at Trustar's expense. For such purpases, Trustar hereby irrevacably appaints Lender as Trustor's attarney-in-fact far <br />the purpase af making, executing, delivering, filing, recarding, and daing all ather things as may be necessary ar desirable, in Lender's <br />sale apinian, to. accamplish the matters referred to. in the preceding paragraph. <br /> <br />FULL PERFORMANCE. If Trustar pays all the Indebtedness, including withaut Iimitatian all future advances, when due, and atherwise <br />perfarms all the abligatians impased upan Trustar under this Deed af Trust, Lender shall execute and deliver to. Trustee a request far full <br />recanveyance and shall execute and deliver to. Trustar suitable statements af terminatian af any financing statement an file evidencing <br />Lender's security interest in the Rents and the Persanal Praperty. Any recanveyance fee required by law shall be paid by Trustar, if <br />permitted by applicable law. <br /> <br />EVENTS OF DEFAULT. At Lender's aptian, Trustar will be in default under this Deed af Trust if any af the fallawing happen: <br /> <br />Payment Default. Trustar fails to. make any payment when due under the Indebtedness. <br />