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<br />DEED OF TRUST
<br />Loan No: 101242087 (C011titlued)
<br />Page 4
<br />WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Deed of Trust:
<br />Title. Trustor warrants that: (al Trustor holds good and marketable title of record to the Property in fee simple, free and clear of alI
<br />liens and encumbrances other than those set forth in the Real Property description or in any title insurence policy, title report, or final
<br />title opinion issued in favor of, and accepted by, Lender in connection with this Deed of Trust, and (bl Trustor has the full right,
<br />power, and authority to execute and deliver this Deed of Trust to Lender.
<br />Defense of Title. Subject to the exception in the paragraph above, Trustor warrarits and will forever defend tV1e 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 or Lender under this Deed of Trust, Trustor shall defend the action at Trustor's expense. Trustor mey be the
<br />nominal party in such proceeding, but Lender shall be entitled to participate in the proceeding and to be represented in the proceeding
<br />by counsel of Lender's own choice, and Trustor will deliver, or ceuse 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 Trustor's use of the Property complies with all existing appiiceble
<br />laws, ordinences, and regulations of governmental authorities.
<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 deiivery of this Deed of Trust, shall 6e continuing in nature, and shall remain in full force and effect
<br />until such time es Borrower's Indebtedness shall be peid in full.
<br />CONDEMIYATION. The following provisions relating to condamnation proceadings are a part of this Deed of 7rust:
<br />Proceedings. if any proceeding in condemnation is filed, Trustor shall promptly notify 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 be the nomine! party in such
<br />proceeding, but Lender shall be entitled to participate in the proceeding and to be represented in the proceeding by counsel of its own
<br />choice, and Trustor will deliver or cause to be delivered #o 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 damain 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 Indebtedness or the repair or restoration of the Property. The net proceeds of the award shall mean the award efter payment of
<br />all reasonable costs, expenses, and attorneys' fees incurred by Trustee or Lender in connection with the condemnation.
<br />IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERIVMENTAL AUTHORITIES. The tollowing 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 dacuments 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 shell
<br />reimburse Lender for all taxes, as described below, 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 cherges for recording or registering this Deed of
<br />7rust.
<br />Taxes. The following shall constitute taxes to which this section app(ies: (1) a specific tax upon this type of Deed of Trust or upon
<br />all or any part of the Indebtedness secured by this Deed of Trust; (2) a specific tex on Borrower which Borrower is authorized or
<br />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
<br />chergeable against the Lender or the holder of the Note; and (4) a specific tax on all or any portion of the Indebtedness or on
<br />payments of principal and interest made by Borrower.
<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 availeble 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 ebove in the
<br />Taxes and Liens section and deposits with Lender cash or a sufficient corporate surety bond or other security setisfactory to Lender.
<br />SECURITY AGREEM€!!!T; FIIVANCING STATEMENTS. The following provisions releting to this Deed of Trust as a security egreement ere a
<br />part of this Deed of Trust:
<br />Secur'rty Agreement. 7his instrument shall constitute a Security Agreement to the extent any of the Property constitutes fixtures, and
<br />Lender shall have a(t of the rights of a secured party under the Uniform Commercial Code as emended from time to time.
<br /> — Security Interest. Upon request by Lender, 7rustor shall take whatever action is requested by Lender to perfect and continue Lender's
<br />security interest in the Rents and Personal Property. In addition to recording this Deed of Trust in the res( property records, Lender
<br />may, at any time and without further authorization from Trustor, file executed counterparts, copies or reproductions of this Deed of
<br />Trust as a financing statemant. Trustor shall reimbursa Lender for all expenses incurred in perfecting or continuing this security
<br />interest. Upon default, Trustor shall not remove, sever or detach the Personal Property from the Property. t)pon default, 7rustor shall
<br /> .� assemble any Personal Property not affixed to the Property in a manner and at a place reasonebly convenient to Trustor end Lender
<br /> -- and make it available to Lender within three (3) days after receipt of written demand from Lender to the extent permitted by applicebte
<br />law.
<br />Addresses. The mailing addresses of Trustor ldebtor) and Lender (secured party) from which intormation cof�cerning the security
<br />interest granted by this Deed of Trust may be obtained (each as required by the Uniform Commercial Code) ere as stated on the first
<br />— page of this Deed of 7rust.
<br /> — FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further assurences and attorney-in-fact are a part of
<br />-- this Deed of Trust:
<br />Further Assurances. At any time, and from time to time, upon request ot Lender, Trustor will make, execute and deliver, or will cause
<br />to be made, executed or delivered, to Lender or to Lender's dasignee, 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
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