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DEEb OF TRUST 2 010 0 o s 2 9
<br />(Continu®dl Page s
<br />balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of
<br />any applicable insurance policy; or (21 the remaining term of the Note; or (C) be treated as a balloon payment which will be due and
<br />payable at the Note's maturity. The Deed of Trust also will secure payment of these amounts. Such right shall be In addition to s11 other
<br />rights and remedies to which Lender may be entltlod upon Default.
<br />WARRANTY; DEFENSE OF TfTLE. The following provisions relating to ownership of the Property are a part of this Peed of Trust:
<br />Title. Trustor warrants that: (a) Truster holds good and marketable title of record to the Property in fee simple, free and clear of ell
<br />liens and encumbrances other than those set forth in the Real Property description or in any title insurance policy, title report, or final
<br />title opinion issued in favor of, and accepted by, Lender in connection with this Deed of Trust, and (b1 7rusmr has the full right,
<br />power, and authority to execute and deliver this peed of Trust m Lender.
<br />Defense of Title. Subject to the exception in the paragraph above, Trustor warrants and will forever defend the title to the Property
<br />against the lawful claims of all persons. In the event any action or proceeding is commenced that questions Trustor's title or the
<br />interest of Trustee ar Lender under this peed of Trust, Trustor shall defend the action at Trustor's expens®. Trusmr may be the
<br />nominal party in such proceeding, but Lender shall be entitled to participate in the proceeding and m be represented in the proceeding
<br />by counsel of Lender's own choice, and Trustor will deliver, or cause to be delivered, to Lender such instruments as Lender may
<br />request from time to time to permit such participation.
<br />Compliance With Laws. Trustor warrants that the Property and Trusmr's use of the Property complies with all existing appllcabla
<br />laws, ordinances, and regulations of governmental authprities.
<br />Survival of Representations and Warranties. All representations, warranties, and agreements made by Trustor in this Deed of Trust
<br />shall survive the execution and delivery of this Deed of Trust, shall be continuing in nature, and shalt romain in full force and affect
<br />until such time as Trustor's Indebtedness shall be paid in full.
<br />CONDEMNATION. Tha following provisions relating to condemnation proceedings are a part of this peed of Trust:
<br />Proceedings. It any proceeding in condemnation is filed, Trusmr shall promptly notify Lender 1n writing, and Trustor shall promptly
<br />take such steps as may be necessary tv defend the action and obtain the award. Trustor may be the nominal party in such
<br />proceeding, but Lender shall ba entitled to participate in the proceeding and to be represented in the proceeding by counsel of its own
<br />choice, and Truster will deliver or cause to be delivered to Lender such instruments and documentation as may be requested by
<br />Lander from time to time to permit such participation,
<br />Application of Net Proceeds. If all or any part pf the Property is condemned by eminent domain proceedings or by any procaading or
<br />purchase in lieu of condamnatfan, Lender may et Its election require that all qr any partlgn of the net proceeds of the award be applied
<br />to the Indebtedness or the repair or restoration of the Property. The net proceeds of the award shall mean the award after payment of
<br />all reasonable costs, expenses, and attorneys' fees lnaumed by Trustee or Lender in connection with the condemnation.
<br />IMPOSITION pF TAXES, FEES ANp CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions rotating m governmental
<br />taxes, fees and charges are a part of this Deed of Trust:
<br />Currant Texas, Faes and Cbarges. Upon request by Lender, Trustor shall execute such documents in addition to this Deed of Trust
<br />and take whatever other action is requested by Lender to perfect and continue Lender's lien on the Real Property. Trustor shall
<br />reimburse Lender for all texas, as described Below, together with all expenses incurred in recording, perfecting pr continuing this Deed
<br />of Trust, including without limitation all Taxes, fees, documentary stamps, and other charges for recording or registering this Dead of
<br />Trust.
<br />Texas. The following shall constitute taxes to which this section applies: 111 a specific tax upon this type of peed of Trust or upon
<br />all or any part of the indebtedness secured by this Deed of Trust; 121 a specific tax on Truster which Trustor is authorized or
<br />required to deduct from payments on the Indebtedness secured by this type of Dead of Trust; (3) a tax on this type of Dead of Trust
<br />chargeable against the Lender or the holder of the Note; and (41 a specific tax on all or any portion of the Indebtedness or on
<br />payments of principal and interest made by Trustor.
<br />Subsapuent Taxes. If any tax to which this section applies Is enacted subsequent to the date of this Deed of Trust, this event shall
<br />have the same effect as an Event of Default, and Lender may exercise any or all of its available remedies far an Evem of Default as
<br />provided below unless Trustor either (1) pays the tax before It becomes delinquent, or 121 contests the tax as provided above in the
<br />Taxes and Liens section and deposits with Lender cash or a sufficient corporate surety bond or ether security satisfacmry to Lender.
<br />SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Deed of Trust as a security agreement are a
<br />part of this Deed of Trust:
<br />Secur'~ty Agreement. This instrument shall constitute a Security Agreement to the extant any of the Property constitutes fixtures, and
<br />Lander shall have all of the rights of a secured party under the Uniform Commercial Coda as amended from time to time.
<br />Secur'ny In#erest. Upon request by Lender, Trustor shall take whatever action is requested by Lender to perfect and continua Lender's
<br />security interest in the Rents and Personal Property. In addition to recarding this peed of Trust in the reel property records, Lander
<br />may, at any time and without further authprizatign Pram Trustor, file executed counterparts, copies or reproductions of this peed of
<br />Trust as a fliriancing statement. Trustor shall reimburse Lender for all expenses incurred in perfecting or continuing this security
<br />interest. Upon default, Trustor shall not remove, saver or detach the Personal Properly from the Property. Upon default, Trustor shall
<br />assemble any Personal Property not affixed to the Property in a manner and at a place reasonably convenient to Trustor and Lender
<br />and make it available to Lender within three (31 days after receipt of written demand from Lender to the extent permitted by applicable
<br />law.
<br />Addresses. The mailing addresses of 7rusmr (dehtgr) and Lender (secured party) from which information concerning the security
<br />interest granted by this Deed of Trust may be obtained leach as required by the Uniform Commercial Coda) are as stated on the first
<br />page of this Decd of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further assurances and ettnrney-in-feat era a part of
<br />this Deed of Trust:
<br />Further Assurances. Ai any time, and from time to time, upon request of Lender, Trustor will make, execute and deliver, ar will cause
<br />to be made, executed or delivered, to Lender or to Lender's designee, and when requested by Lender, cause to be filed, recorded,
<br />rallied, or rerecorded, as the case may be, at such times and in such offices and places as Lender may deem appropriate, any and all
<br />such mortgages, deeds of trust, security deeds, security agreements, financing statements, continuation statements, instruments of
<br />further assurance, certificates, and other documents as may, in the sole opinion of Lender, be necessary nr desirable in order to
<br />effectuate, complete, perfect, continua, or preserve l11 Trustor's obligations under the Nate, this Deed of Trust, and the Related
<br />Documents, and 12) the liens and security interests created by this Deed of Trust as first and prior liens on the Property, whether
<br />now owned yr hereafter acquired by Trustor. Unless prohibited by law ar Lander agrees to the contrary in writing, Trustor shall
<br />reimburse Lander for all costs and expenses incurred in eonnaction with the matters referred tp in this paragraph.
<br />Atmmay-In-Fact. If Trustor fails to do any of the things referred to in the preceding paragraph, Lander may do so for and In the Hama
<br />of Trustor and at Trustor's expense. For such purposes, Trustor hereby irrevocably appoints Lender as Trustar's attorney-in-fact for
<br />the purpose of making, executing, delivering, filing, recording, and doing all other things as may be necessary or desirable, in Lender's
<br />sole opinion, to accomplish the matters referred to in the preceding paragraph.
<br />PULL PERFORMANCE. If Trustor pays all the Indebtedness, including without limitation all future advances, when due, and otherwise
<br />performs all the obligations imposed upon Trustor under this Deed Cf Trust, Lender shall execute and deliver to Trustee a request for full
<br />reconveyance and shall execute and deliver to Trustor suitable statements of termination of any financing statement on file evidencing
<br />Lender's security interest in the Reins and the Personal Property. Any reconveyance lea required by law shall be paid by Trusmr, if
<br />permitted by applicable law.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute an Event of Default under this Deed of Trust:
<br />Payment Dafauk. Trustor fails m make any payment when due under the indebtedness.
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