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<br /> . ,,;,,....�. CONDEMNATION. The following provisionsrelating to condemnationo�e Property are a part :_•f�j.;�:,,�_:,..;�i::_`�(
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<br /> �'�+° of this Deed of Trust: � ``�����' � �`i�
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<br /> Application of Net Proceeds. If all or any part of the Property is condemned by eminent ;.:`t:�_�, �:�._ s��
<br /> domain proceedingsor by any proceedingor purchase in licu of condemnation, Beneficiary _•�__°__==�- --��- - .-
<br /> may,at its election,requir�that all or any portion of the net proceeds of the award be applied :��
<br /> to the Indebtedness or the rspair or restoration of the Property. The net proceeds of the ��-'
<br /> award shall mean the award after payment of all reasonable costs,expenses,and attomeys' ����'=
<br /> fees necessarily paid or incuned by Grantor or Beneficiary in connection with the �?'-=�_.
<br /> �_T�'r�..,
<br /> - condemnation. n-�
<br /> �'_.�.
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<br /> Proeeedings. If any proceeding in condemnation is filed, Grantor shall promptly notify =��=�
<br /> Beneficiary in writing,and Grantor shall promptly take such steps us may be necessary to �i,�___-.--.
<br /> �� defend the action and obtain the award. Grantor may be the nominal party in such —��-°°
<br /> ��;.��
<br /> proceeding, but BeneficiFUy shall be entitled to participate in the proceeding and to be ��•=•°�—
<br /> represented in the proceeding by counsel of its own chaice,and Grantor will deliver or cause �= _
<br /> to be delivered to Beneficiary such instruments as may be requested by it from time to time �,,.���=��—
<br /> '�r to permit such participation. ���v
<br /> - �
<br /> ' IMPOSITION OF TAXES,FEES AND CHARGE�BY(�UV��tTvii��r,iv"i Ai.�►L�ritlnIi ir.�. �� —
<br /> ��� The following provisions relating to governmental taxes,fees and charges are a part of this Deed of =
<br /> t: Trust: — �-
<br /> . �' ,—.
<br /> �',' Current Taxes, Fees and Charges. Upon request by Beneficiary,Grantor shall execute -
<br /> such documents in addition t�this Deed of Trust and take whatever other action is requested
<br /> by Beneficiaryto perfect and continue the lien on the Real Property created by this Deed of _ _
<br /> Trust. Grantor shall reimburse Beneficiaiy and Trustee far ul! taxes,as describeci below, K
<br /> „ together with all expenses incurred in re�ordin�;,perfecting or continuin�this Deed of Trust, _-
<br /> �.. including,without limitation,all taxes, fees,documentary stanips, and other charges for _ _
<br /> ' �' recording or registering this Deed of Trust. --
<br /> �• —
<br /> +� �_
<br /> � Taxes. The followiiig shall constitute taxes to which this Section applies: (i)a specific tax �_
<br /> �, upon this type of Deed uf Trust or upon all or any part of the Indebtedness secured by this �-;
<br /> Deed of Trust; (ii) a specific tax on Grantor which Grantor is authori2ed or required to � --
<br /> •� deduct from payments on the Indebtedness secured by this type of Deed of Trust; (iii)a tax -� —
<br /> ' on this type of Deed of Trust chargeable against the Beneficiary or the holder of the Note; �=^ _
<br /> , and(iv)a specific tax on all or any portion of the Indebtedness or on payments of principal �,:_�e=--- __
<br /> • and interest made by Grantor. �,��_.�.
<br /> � � ,�.�i�'a�.��"�-
<br /> Subse uent Taxes. If an tax to which this Section applies is enacted subsequentto the date t`-�i;��
<br /> . 9 Y �r��s:��-
<br /> of this Deed of'frust,this cvent shall have the same effect as an Event of Default(as defined �`'�����
<br /> � c.v�;�,,��::.,.
<br /> below),and Beneficiary and Trustee may exercise any or ali of'its available remedies for an , . _ •�.,,�
<br /> Event of Default as provided below unless Grantor either: (i)pays the tax before it becomes �
<br /> 9 •� � �•
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