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hereafter so to be, or which Trustor may be or may hereafter become bound to convey or assign to
<br />Trustee, or for carrying out the intention or facilitating the performance of the terms of this Deed
<br />of Trust, or for filing, registering, or recording this Deed of Trust. Trustor shall, on demand,
<br />execute and deliver, and hereby authorizes Trustee and Beneficiary, or either of them, to execute
<br />in the name of Trustor, to the extent it may lawfully do so, one or more financing statements,
<br />chattel mortgages, or comparable security instruments, to evidence more effectively the lien
<br />hereof. Immediately upon the execution and delivery of this Deed of Trust, and thereafter from
<br />time to time, Trustor shall cause this Deed of Trust, and any security instruments creating a lien or
<br />evidencing the lien hereof upon any personal property and each instrument of further assurance,
<br />to be filed, registered, or recorded in such manner and in such places as may be required by any
<br />present or future law in order to publish notice of and fully to protect the lien hereof upon, and the
<br />title of Trustee to, the Property encumbered hereby.
<br />15. Condemnation and Insurance Proceeds. Immediately upon obtaining knowledge
<br />of the institution of any proceedings for the condemnation or other taking of all or any portion of
<br />the Property, or knowledge of any casualty damage to the Property, or damage in any other manner,
<br />Trustor shall immediately notify Beneficiary thereof. Trustor hereby authorizes and empowers
<br />Beneficiary as attorney-in-fact for Trustor to make proof of loss, to adjust and compromise any
<br />claim under the insurance policies covering the Property, to appear in and prosecute any action
<br />arising from such insurance policies, to collect and receive insurance proceeds, and to deduct
<br />therefrom Beneficiary's expenses incurred in the collection of such proceeds; provided, however,
<br />that nothing contained in this Section shall require Beneficiary to incur any expense or take any
<br />action hereunder. Trustor hereby authorizes and empowers Beneficiary, at Beneficiary's option,
<br />as attorney-in-fact for Trustor, to commence, appear in, and prosecute, in Beneficiary's or
<br />Trustor's name, any action or proceeding relating to any condemnation or other taking of all or
<br />any part of the Property, whether direct or indirect, and to settle or compromise any claim in
<br />connection with such condemnation or other taking. The proceeds of any award payment or claim
<br />for damages, direct or consequential, in connection with any condemnation or other taking,
<br />whether direct or indirect, of the Property, or any part thereof, or for conveyances in lieu of the
<br />Property, or any part thereof, shall be paid to Beneficiary. The foregoing powers of attorney are
<br />coupled with an interest and are irrevocable. Trustor hereby authorizes Beneficiary to apply such
<br />awards, payments, proceeds or damages relating to condemnation of the Property and insurance
<br />covering the Property, after the deduction of Beneficiary's expenses incurred in the collection of
<br />such amounts, subject to the requirements of applicable law and the provisions hereof, to
<br />restoration or repair of the Property or to payment of the sums secured by this Deed of Trust.
<br />Beneficiary shall be under no obligation to question the amount of any compensation, awards,
<br />proceeds, damages, claims, rights of action, and payments relating to condemnation or other taking
<br />of the Property or insured casualty affecting the Property, and may accept the same in the amount
<br />in which the same shall be paid. Trustor shall execute such further evidence of assignment of any
<br />awards, proceeds, damages or claims arising in connection with such condemnation or taking or
<br />such insurance as Beneficiary may require. Notwithstanding the above, the Beneficiary shall
<br />release all insurance and condemnation proceeds to Trustor to be used to reconstruct the
<br />improvements on the Property provided that Beneficiary reasonably determines that such
<br />restoration, repair or rebuilding is economically feasible. If such insurance proceeds shall be
<br />insufficient for such purposes, Trustor shall make up the deficiency. If the Project is subject to a
<br />partial condemnation or taking, then the proceeds received therefrom shall be applied to restore
<br />REV: 05-07-25 LF
<br />ATTY/AGR.2025.100.2/HFART-SV (417 Stambauah - Deed of Trust) (Pane 5 of 101
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