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Loan No: '101234731
<br />DEED OF TRUST 2 O 1 O Q r� � 8 9
<br />(Continued) Page 4
<br />laws, ordinances, and regulations of gpvemmentel authnrities.
<br />Survivai of Representatians snd Warrsnties. All representations, warranties, and agreements made by Trustor in this bead af Trust
<br />shall survive the execution and delivery of this Deed of 7rust, shall ba continuing in nature, and shall remain in full force and effect
<br />until such time as Trustor's Indebtedness shall be paid in full.
<br />EXISTING INDEBTE�NESS. The following provisions cqncerning Existing Indebtedness are a part of this Deed of 1'rust:
<br />Existing Lien. The lien of this Deed of Trust securing the Indebtedness may be secondary and inferior to an existing lien. Trustor
<br />expressly covenants and agrees to psy, or see to the payment of, the Existing Indebtedness and to prevent any defeult on such
<br />indebtedness, any default under the instruments evidencing such indebtedness, or any default under any security dpcuments tor such
<br />indebtednsss.
<br />IYo Modification. Trustor shell not enter into any agreement with the holder of any mortgage, deed af trust, or other security
<br />agreement which has priority over this Deed of 7rust by which that egreament is modified, amended, extended, or renewed without
<br />the prior written consent of Lender. Trustor shall neither request nor accept any future advances under any such security agreement
<br />without the prior written consent of Lender.
<br />CONDEMNATIbN. The following provisions relating to condemnation proceedings are a part of this Deed of Trust:
<br />Proceedings. If any proceeding in condemnatian is filed, Trustor shall promptly notify Lender in writing, and Trustor shall promptly
<br />take such steps as may be necessary to defend the actian and obtain the award. Trustar may be the nominal party in such
<br />proceeding, but Lender shall 6e entitled to participate in the proceeding and to be reprasented in the proceeding by counsel of its own
<br />choice, and Trustor will deliver or cause to be delivered tn Lender such instruments and documentation as may be requested by
<br />Lender fram time to time to permit such participa#ipn.
<br />Application of Net Procesds. If all or any part of the Property is cnndemned by eminent domain proceedings or by any proceeding or
<br />purchase in lieu of condemnation, Lender may at its elsc#ion require that all or any portion of the net proceeds of the award be applied
<br />to the Indehtedness or the repair or restnration of the Property. The net proceeds of the award shall mean the eward after payment of
<br />all reasonable costs, expenses, and attorneys' fees incurred by Trustee or Lender in connectipn with the condemnation.
<br />IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUl'WORITIES. The following provisions relating to governmental
<br />taxes, fees and charges are a pert of this Deed of Trust:
<br />Current Taxes, Fees and Charges. Upon request by Lender, Trustor shall execute such dncuments 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. Trustar shall
<br />reim�ursa Lender for all taxes, as described below, togethsr with all expenses incurred in recording, perfecting or continuing this Deed
<br />nf Trust, including without limitation all taxes, fees, documentary stamps, and other charges for recording or registering this Deed of
<br />Trust.
<br />Taxes. The following shall consti#u#e taxes to which this section applies: (1) a specific tax upon this type of Deed of Trust or upon
<br />all or any part of the Inde6tedness secured by this Daed of Trust; (2) a specific tax on Trustor which Trustor is authorized or
<br />required to deduct from payments on the Indebtedness secured 6y this type of Deed of Trust; (3) a tax on this typa nf Dead pf Trust
<br />chargeable against the Lender or the holder of the Note; and (4) a specific tax on all or any partion of the Indebtedness or on
<br />payments of principel end interest made by Trustor.
<br />Subsequent Taxes. If any tax ta which this section applies is enacted subsequent to the date of this Deed of Trust, this event shall
<br />have the same effect as sn Event of �efault, and Lender may exercise any nr all pf its svailaple remedies for an Event of Default as
<br />provided below unless Trustar either (1) pays the tax before it becomes delinquent, or (2) contests the tax as provided above in the
<br />Taxea end Liens sectinn and deposits with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender.
<br />SECURI7Y AGREEMENT; FINANCING STATEMENtS. The tollowing provisions relating to this Deed of trust as a security agreement are a
<br />part of this Deed of Trust:
<br />Security Agreement. This instrument shall constitute a Security Agresment to the extent any of the Property constitutes fixtures, and
<br />Lender shall have all of the rights of a secured party under the Uniform Commercial Code as amended from time to time.
<br />Securlty Interest. Upon request by Lender, 7rustor shall take whatever action is requested by Lender to perfect end continue Lender's
<br />security interest in the Rents and Personal Property. In addition to recording this Deed of Trust in the real property records, Lender
<br />may, at eny time and without further authorization from Trustor, file executed counterparts, copies or reproductions of this Deed of
<br />Trust as a financing statement. Trustor shall reimburse Lender for all expenses incurred in perfecting pr cantinuing this security
<br />interest. Upon default, 7rustar shall not remove, sever or detach the Personal Praperty frqm the Praperty. Upon default, Trustor shall
<br />assembls any Personal Property not affixed to the Property in a manner and at a place reasonably convenient to Trustor and l,ender
<br />and make it available to Lender within three (3) days after receipt of written demand from Lender to the extent permitted by appliceble
<br />law.
<br />Addresses. The mailing addresses of Trustor (debtor) and Lender (secured party) from which information concerning the security
<br />interest granted by this beed of Trust may be obtained (each as required by tha Uniform Commercial Code) are as stated on the first
<br />page of this Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-�AC7. The following provisions relating to further assurances and attorney-in-fact ere a part of
<br />this Deed of Trust:
<br />Further Assurances. At any time, and from time to time, upon request of Lender, "Crustor will make, execute and deliver, or will cause
<br />to be made, executed or delivered, to Lender or to Lender's designee, and when requested by Lendar, cause to be filed, recorded,
<br />refiled, nr rerecorded, as the case may be, at such times and in such offices and places as Lender may deem appropriate, any end ell
<br />such mortgages, deeds of trust, security deads, security agreements, financing statements, continuation statements, instruments of
<br />further assurance, certificatss, snd other documents as may, in the sole opinion of Lender, be necessary or desirable in order to
<br />effgCtuste, cnmplete, perfect, continue, or preserve (1) Trustor's obliga#ions under the Note, this Deed of Trust, and the Related
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