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, DEED OF TRUST �, Q,. � O�c ���
<br />Loan No: 101242552 (Continued) Page 4
<br />Compliance With Laws. Trustor warrants that the Property and Trustor's use of the Property complies with all existing applicable
<br />laws, ordinances, end regulations of gavernmental authorities.
<br />Survival of Representations and Warranties. All representetions, 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 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 condemnation proceedings are a part of this Deed of Trust:
<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 awerd. Trustor may be the nominal parCy 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 to Lender such instruments and documentetion as may be requested by
<br />Lender from time to time to permit such participation.
<br />Application of Net Proceeds. If all or any pert of the Property is condemned hy emi�ent 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 lndebtedness or the repair ar restoration of the Property. The net procaeds of the award shall mean the award after payment of
<br />all reasonable costs, expenses, and attorneys' fees incurred by Trustee or Lender in connection with tha candemnetion.
<br />IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. 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 psrfect and continue Lender's lien on the Real Properry. 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 charges for recording or registering this Deed of
<br />Trust.
<br />Tsxes. The following shall constitute 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 Indebtedness secured by this Deed of 7rust; (2) a specific tax on Trustor which Trustor is euthorized or
<br />reqUired to deduct from payments on the Indebtedness secured by this type of Deed of Trust; (3) a tex on this type of Deed of Trust
<br />chargeable against the Lender or the holder of the Nota; and {4) a specific tax on ell or any portion of the Indebtedness or on
<br />payments of principal and interest made by Trustor.
<br />Subsequent Taxes. If any tax to which this section applies is enacted subsequeni to the date of this Deed of Trust, this event shall
<br />have the same eifect as an Event of Default, and Lender may exeraise eny or all af its available remedies far an Event of Default as
<br />provided below unless Trustor either (1) pays the tax before it becomes delinquent, or (2) contests the tex as provided above in the
<br />Taxes and Liens section and deposits with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender.
<br />SECURITY AGREEMENT; FINANCING STA7EMENTS. The following provisions relating to this Deed of Trust as a security agreement are a
<br />part of this Dead of Trust:
<br />Security Agreament. This instrumant shell constitute a Security Agreement to the extent any of the Property constitutes fixtures, and
<br />Lender shall have aIl of the rights of a secured party under the Unitorm Commercial Code as amended from time to time.
<br />Security Interest. Upon request by Lender, Trustor shall take whatever action is requested by Lender to perfect a�d continue Lender's
<br />security interest in the Rents and Personal Property. In addition to recording this Deed of Trust in the real properry records, Lender
<br />may, at any time and without further euthorization 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 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 Proparty in e menner and at a place reasonably convenient to Trustor and Lender
<br />and make it available to Lender within three (3) days after receipt of written demand from Lender to the extent permitted by applicable
<br />law.
<br />Addresses. The maifing addressos of Trustor idebtor) end Lender (secured party) from which information concerning tha security
<br />interest granted by this Deed of Trust may be obtained (each as required by the Uniform Commerciel Code} are as stated on the first
<br />page of this Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further assurences and attorney-in-fact are e part of
<br />this Deed of Trust:
<br />Further Assurances. At any time, and from time to time, upon request of Lender, Trustor will make, execute and deliver, or will cause
<br />to be made, executed or delivered, to Lender or to Lender's desigriee, and when requested 6y Lender, cause to be filed, recorded,
<br />refiled, or rerecorded, as the case mey be, at such times end in such offices and pleces as Lender mey deem appropriate, any end all
<br />such mortgages, deeds of trust, security deeds, security agreements, financing statements, cantinuation statements, instruments of
<br />further assurance, certificates, and other documents as may, in the sole opinion of Lender, be necessary or desirable in order to
<br />effectuate, complete, peffect, continue, or preserve (7) Trustor's obligations under the Note, this Deed of Trust, and the Related
<br />Documents, and (2) the liens and security intarasts created by this Deed of Trust as first and prior liens on the Property, whether
<br />now owned or hereafter acquired by Trustor. Unless prohibited by 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 eny of the things referred to in the preceding paragreph, Lender mey do so for and in the name
<br />of Trustor and at Trustor's expense. For such purposes, Trustor hareby irrevocabty eppoints Lender as Trustor'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. If Trustor pays all the tndebtedness, including without limitation all future advances, when due, and otherwise
<br />performs all the obligations imposed upon Trustor under this Deed of Trust, Lender shall executa and deliver to Trustee a request for full
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