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Loan No: 809804 DEED OF TRUST (Continued) 200901819 Page 3 on Trustor's behalf may (but shall not be obligated to) takf! any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, sf!curity interests, f!ncumbrances and other claims, at any limf! levied or placf!d on the Propmty and paying all costs for insuring, maintaining and preserving the Property. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under tllf! Note from the date incurred or paid by Lf!nder to the date of repayment by Trustor. All such expenses will become a part of the Indebtedness and, at Lendf!r's option, will (A) be payable on delmmd; (B) be addf!d to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; Or (C) be treated as a balloon payment which will be due and payable at the Note's maturity. Thf! Deed of Trust also will secure payment of these amounts. Such right shall be in addition to all other rights and remedif!s to which Lender may be entitled upon Default. WARRANTY; DEFENSE OF TITLE. The following provisions mlating to ownership of thf! Property are a part of this Deed of Trust: Title. Trustor warrants that: (a) Trustor holds good and marketable title of record to the Property in fee simple, free and clear of all liens and encumbrances other than those set forth in the Real Property description or in any title insurance policy, title report, or final title opinion issued in favor of, and accepted by, Lender in connection with this Deed of Trust, and (b) Trustor has the full right, power, and authority to execute and deliver this Deed of Trust to lender. Defense of Title, Subject to the exception in the paragraph above, Trustor warrants and will forever defend the tille to the Property against the lawful claims of all persons. In the event any action or proceeding is commenced that questions Trustor's title or the interest of Trustee or lender under this Deed of Trust, Trustor shall defend the action at Trustor's expense. Trustor may be the nominal party in such proceeding, but Lender shall be entitled to participate in the proceeding and to be represented in the proceeding by counsel of Lender's own choice, and Trustor will deliver, or cause to be delivered, to Lender such instruments as lender may request from time to time to permit such participation. Compliance With laws. Trustor warrants that the Property and Trustor's use of the Property complies with all existing applicable laws, ordinances, and regulations of governmental authorities. Survival of Representations and Warranties. All representations, warranties, and agreements made by Trustor in this Deed of Trust shall survive the execution and delivery of this Deed of Trust, shall be continuing in nature, and shall remain in full force and effect until such time as Trustor's Indebtedness shall be paid in full. CONDEMNATION. Thf! following provisions relating to condemnation procep.dings are a part of this Deed of Trust: Proceedings. If any proceeding in condemnation is filed, Trustor shall promptly notify lender in writing, and Trustor shall promptly take such steps as may be necessary to defend the action and obtain the award. Trustor may be the nominal party in such proceeding, but lender shall be entitled to participate in the procep.ding and to bf! represented in the proceeding by counsel of its own choice, and Trustor will deliver or cause to be delivered to lender such instruments and documentation as may be rp.quested by lender from time to time to permit such participation. Application of Net Proceeds. If all or any part of the Property is condemned by eminent domain proceedings or by any proceeding or purchasf! in lieu of condemnation, lender may at its election require that all or any portion of the net procef!ds of the award be applied to the Indebtedness or the mpair or restoration of the Property. The net proceeds of the award shall mean the award after payment of all reasonablf! costs, expenses, and attorneys' fees incurred by Trustee or Lender in connection with the condemnation. IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions relating to governmental taxes, fees and charges are a part of this Df!ed of Trust: Current Taxes. Fees and Charge!il. Upon request by Lender, Trustor shall execute such documents in addition to this Deed of Trust and take whatever other action is requested by Lender to perfect and continue Lender's lien on the Real Property. Trustor shall reimburse Lender for all taxes, as described below, together with all expenses incurred in recording, perfecting or continuing this Deed of Trust, including without limitation all taxes, fees, documentary stamps, and other charges for recording or registering this Deed of Trust. Taxes. The following shall constitute taxes to which this section applios: (1) a specific tax upon this type of Deed of Trust or upon all or any part of the Indebtedness secured by this Deed of Trust; (2) a specific tax on Trustor which Trustor is authori7ed or required to deduct from 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 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 Trustor. Sub!ilequunt Taxe!il. If any tax to which this section applies is enacted subsequent to the date of this Deed of Trust, this event shall have the same effect as an Event of Default, and lender may exercise any or 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 tax as provided above 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 to this Deed of Trust as a security agreement are a part of this Def!d of Trust: Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property constitutes fixtures, and Lender shall have all of the rights of a secured party under the Uniform Commercial Code as amendod from time to time. Security Interest. Upon request by Lender, Trustor shall take whatever action is requested by Lender to perfect and continue Lender's security interest in the Rents and Personal Property. In addition to recording this Deed of Trust in the real property records, Lender may. at any time and without further authorization frorn Trustor, file eXf!cuted countmparts, copif!s or reproductions of this Def!d of Trust as a financing statement. Trustor shall reimburse lender for all expenses incurred in perfecting or continuing this Sf!curity interest. Upon default, Trustor shall not remove, sever or detach the Personal Property from the Property. Upon default, Trustor shall assemble any Personal Property not affixed to the Property in a manner and at a place reasonably convenient to Trustor and Lender and make it available to lender within three (3) days after receipt of written demand from Lender to the extent permitted by applicable law. Addresse!il. The mailing addmsses of Trustor (debtor) and lender (sf!cured party) from which information concerning thf! security interest granted by this Deed of Trust may h8 obtained (8m;h as re{luired by the Uniform Comm8rcial Code) am as stated on thf! first page of this Deed of Trust. FURTHER ASSURANCES; ATTORNEY-IN.FACT. The following provisions relating to further assurances and attorney-in-fact are a part of this Deed of Trust: Further Assurances. At any time, and from time to time, upon request of lender, Trustor will make, execute and deliver, or will cause to be made, executed or delivered, to lender or to Lender's designee, and when requested by lender, cause to be filed, recorded, refiled, or rerecorded, as the case may be, at such times and in such offices and places as Lender may deem appropriate, any and all such mortgages, deeds of trust, security deeds, security agreements, financing statements, continuation statements, instruments of further assurance, certificates, and other documents as may, in the sole opinion of Lender, be necessary or desirable in order to effectuate, complete, perfect, continue, or preserve (1) Trustor's obligations under the Note, this Deed of Trust, and the Related Documents, and (2) the liens and security interests created by this Deed of Trust as first and prior liens on the Property, whether now owned or hereafter acquired by Trustor. Unless prohibited by law or lender agrees to the contrary in writing, Trustor shall reimburse Lender for all costs and expenses incurred in connection with the matters referred to in this paragraph. Attorney-in-Fact. If Trustor fails to do any of the things referred to in the preceding paragraph, Lender may do so for and in the name of Trustor and at Trustor's expf!nse. For such purposes, Trustor hereby irrevocably appoints Lender as Trustor's attorney-in-fact for the purpose of making, executing, delivering, filing, recording, and doing all other things as rHay be necessary or desirable, in lender's sole opinion. to accomplish the mattf!rs referred to in the preceding paragraph. FUll PERFORMANCE. If Trustor pays all the Indebtedness, including without limitation all future advances, when due, and otherwise performs all the obligations imposed upon Trustor under this Deed of Trust, lender Shall execute and deliver to Trustee a request for full reconveyance and shall execute and deliver to Trustor suitable statements of termination of any financing statement on file evidencing Lender's security interest in the Rents and the Personal Property. Any reconveyance fee required by law shall be paid by Trustor, if I, ~ ~ ~ J. (~. ~ ':: !'. '\ ..