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DEED OF TRUST 2 Q 1 O O 7� 3 c�
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<br />any applicable insurance policy; or (2) the remaining term of the Note; or (C) 6e treated as a baitoon payment which will be due and
<br />payable at the Note's maturity. 7he peed of Trust also will secure payment of these amounts. Such right shail t�e in addition to all qther
<br />rights and remedies to which Lender may be entitled upon Default.
<br />WARRANTY; DEFENSE OF TITLE. The following provisions relating ta ownership of #he Property are a part of this Deed of Trust:
<br />Title. Trustor warrants that: �a) Trustor holds good and marketable title of record tn the Property in fee simple, free and clear of all
<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 />#itle opinion issued in favor of, and accepted by, Lender in connection with this Deed of Trust, and (b) Trustor has the full right,
<br />pvwer, and authority to execute and deliver this Deed of Trust to Lender.
<br />Defense of Title. 5ubject 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 pf Trustee or Lender under this peed of Trust, Trustor shall defend the action at Trustor's expense. Trustor may be the
<br />npminal party in such proceeding, but Lender shall be entitled to participate in the proceeding and to be represented in the praceeding
<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 fram time to time to permit such participation.
<br />Compliance With Laws. Trustor warrants that the Property and Trustor's use of the Prpperty complies with all existing applicabla
<br />laws, ordinances, and regulations of gnvernmental authorities.
<br />Survivpl of Rapresentations enid Warranties. AII repreaentations, warranties, and agreements made by Trustor in this�Deed af 7ruat
<br />shall survive the execution and delivery of this Deed of Trust, shall be 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 />CONDEMNATION. The following provisions relating to candemnation proceedings are a part of this Deed of Trust:
<br />Proceedings. If any proceeding in condemnation is filed, Trustor shall promptly notity Lender in writing, and Trustor shall promptly
<br />take such steps as may be necessary to defend the action and obtain the award. Trustor may 6e the nominal party in such
<br />proceeding, but Lender shall be entitled to participate in th.e proceeding and to be represented in the proceeding by counsel of its own
<br />chaice, and Trustor will deliver or cause to be delivered to Lender such instruments and documentation as may be requested by
<br />Lender from time to time to permit such participation.
<br />Application of Net Proceeds. If all or any part of the Property is condemned by eminent domain proceedings or by any proceeding or
<br />purchase in lieu of condemnation, Lender may at its election require that all or any portion of the net proceeds of the award be applied
<br />to the Inde6tedness 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 incurred 6y Trustee or Lender in connection with the condemnation.
<br />IMP051TION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHURITIES. The following provisions relating to governmental
<br />taxes, fees and charges are a part of this Deed of Trust:
<br />Current Taxes, Fees and Charges. 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 shatl
<br />reimburse Lender for all taxes, as described 6elow, together with all expenses incurred in recording, perfecting or continuing this Deed
<br />of 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 constitute taxes to which this section applies: (1) a specific tax upon this type of �eed of Trust or upon
<br />all pr any part of the Indebtedness secured by this Deed of Trust; (2) a specific tax on Trustor which Trustor is authorized or
<br />required ta deduct from payments on the Indebtedness secured by this type of �eed of Trust; 13) a tax on this type of Deed ot Trust
<br />chargeable agains# tha Lender br the hplder of the Note; and (4) a specific tax on all or any pprtipn of the Indebtednass or on
<br />payments ot principal and interest made by Trustor.
<br />Subsequent 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 availa6le remedies for an Event of Default as
<br />provided below unless Trustor either (1) pays the tax before it becomes delinquent, or (2) contests the tax as provided above in the
<br />Taxes and Liens section 8nd deposits with Lender CBah ar a sufficiant corpprata suraty bond Or pthar SeCUrity s�tisfactory to Lendar.
<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 />Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property constitutes fixtures, and
<br />Lender shall have all of the rights of a secured party under ihe Uniform Commercial Code as amended from time to time.
<br />5ecurity Interest. Upon request by Lender, Trustor shall take whatever ac#ion is requasted 6y Lender to perfect and cantinue Lender's
<br />security interest in the Rents and Persanal Property. In addition to recording this Deed of Trust in the real property records, Lender
<br />may, at any time and withqut further authorizatian from Trustor, file executed counterparts, copies or reprqductions of this Dead of
<br />Trust as a financing statement. Trustor shall reimburse Lender for all axpanses incurred in perfacting or continuing this security
<br />interest. Upon default, Trustor shall not remove, sever or detach the Personal Property 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 tv Lander within three (3) days after receipt of written demand from Lender to the extent permitted by applicable
<br />law.
<br />Addresses. The mailing addresses of 7rustor (debtor) and Lender (secured party) from which information concerning the security
<br />interest granted by this Deed of Trust may be obtained (each as required by the Unifprm Commercial Code) are as stated on the first
<br />page bf this Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further assurances and attorney-in-fact are a part of
<br />this beed af Trust:
<br />Further Assurances. At any time, and from time to time, upon request of Lender, Trustor will make, execute and daliver, or 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 />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
<br />such mortgages, deeds of trust, security daads, security agreements, financing statements, continuation statements, instruments of
<br />-" further essursnce, certific�tes, and pth�r dopur►�ent�_ as �n�y,,in thQ sale of Lender, be necessary or desirsble in order to
<br />effeatuate, complete, per{ect, cvntinue, ar preaenre (1) trustor's obligations under the Nate, tlits Deed of Trust, and the Related
<br />Documents, and �2) the liens and security interests created by this Deed of Trust as first and prior liens on the Property, whether
<br />now owned or hereafter acquired by Trustor. llnlsss prohibited hy law or Lender agrees to the contrary in writing, Trustor shall
<br />reimburse Lender for all costs and expenses incurred in connection with the matters referred to in this paragraph.
<br />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
<br />of Trustor and at Trustor's expense. For such purposes, Trustor hereby irrevbcebly appoints Lender as 7rustor'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 />FULL PERFORMANCE. It 7rustor pays all the Indebtedness, including without limitation all future advances, when due, and otherwise
<br />performs all the obligations imppsed upon Trustor under this Deed of 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 Rents and the Personal Proper#y. Any reconveyance fee required by law shall be paid by Trustor, if
<br />permitted by applicable law.
<br />EVENTS pF DEFAULT. Each of the following, at Lender's option, shall constitute an Event of Default under this Deed of Trust:
<br />Payment Defeult. Trustor fails to make any payment when due under the Indebtadnass.
<br />Other Defaults. 7rustor fails to comply with or to perform any other term, obligation, cavenant or condition contained in this Deed vf
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