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DEED OF TRUST
<br />Loan No: 101249944 (Continued)
<br />20i202i3�
<br />Page 4
<br />Indebtedness shall constitute compliance with the insurence provisions under this Deed of Trust, to the e�ctent
<br />compliance with the terms of this Deed of Trust would constitute e duplication of insurance requirement. If any
<br />proceeds from the insurance become peyable on loss, the provisions in this Deed of Trust for division of proceeds
<br />shall apply only to that portion of the proceeds not payable to the holder of the Euisting Indebtedness.
<br />Trustor's Report on Insurance. Upon request of Lender, however not more than once a year, Trustor shall furnish
<br />to Lender a report on each existing policy of insurance showing: (1) the neme of the insurer; (2) the risks
<br />insured; f3) the amount of the policy; (4) the property insured, the then current replacement value of such
<br />property, end the manner of determining thet value; and (5) the expiration date of the policy. Trustor shell, upon
<br />request of Lender, have en independent eppreiser setisfactory to Lender determine the cash value replacement cost
<br />of the Property.
<br />LENDER'S EXPENDITURES. If any action or proceeding is commenced that would meterially affect Lender's interest in
<br />the Property or if Trustor fails to comply with any provision of this Deed of Trust or any Releted Documents, including
<br />but not limited to Trustor's failure to comply with any obligation to mainte(n F�cisting Indebtedness in good stending as
<br />required below, or to discharge or pay when due any amounts Trustor is required to discharge or pay under this Deed of
<br />Trust or any Related Documents, Lender on Trustor's behalf may (but shall not be obligated to) teke any action thet
<br />Lender deems appropriete, including but not limited to discharging or paying ell texes, liens, security interests,
<br />encumbrances and other claims, at any time levied or placed on the Properry end paying all costs for insuring,
<br />meintaining end preserving the Property. All such expenditures incurred or paid by Lender for such purposes will then
<br />bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by
<br />Trustor. All such expenses will become a part of the Indebtedness and, at Lender's option, will (A) be peyable on
<br />demand; (B) be added to the balance of the Note and be apportioned among and be payable with eny installment
<br />payments to become due during either (1) the term of any epplicable insurence policy; or (2) the remaining term of
<br />the Note; or (C) be treated ea a belloon payment which will be due end peyable at the Note's maturity. The Deed of
<br />Trust also will secure payment of these amounts. Such right shall be in addition to ell other righta end remedies to
<br />which Lender may be entitled upon Default.
<br />WARRANTY; DEFENSE OF TITLE. The fottowing provisions relating to ownership of the Property are a part of this Deed
<br />of Trust:
<br />Title. Trustor warrants thet: (a) Trustor holds good and marketeble title of record to the Property in fee simple,
<br />free and clear of all liens and encumbrances other than those set forth in the Real Property description or in the
<br />Existing Indebtedness section below or in any title insurence policy, title report, or flnel title opinion isaued in favor
<br />of, and accepted by, Lender in connection with this Deed of Trust, and (b) Trustor has the full right, power, and
<br />authority to execute and deliver this Deed of Trust to Lender.
<br />Defense of Title. Subject to the exception in the paregraph above, Trustor warrants and will forever defend the
<br />title to the Property against the lawful cleims of all persons. In the event any action or proceeding is commenced
<br />that questions Trustor's title or the interest of Trustee or Lender under this Deed of Trust, Trustor shall defend the
<br />action at Trustor's expense. Trustor may be the nominal party in such proceeding, but Lender shall be entitled to
<br />participate in the proceeding end to be represented in the proceeding by counsel of Lender's own choice, and
<br />Trustor will deliver, or cause to be delivered, to Lender such instruments as Lender may request from time to time
<br />to permit such perticipat(on.
<br />Compliance With Laws. Trustor warrents that the Property and Trustor's use of the Property complies with all
<br />existing applicable laws, ordinances, and regulations of governmental authorities.
<br />Survivel of RepreseMations end Wanarrties. All representetions, werranties, a�d agreements mede by Trustor in
<br />this Deed of Trust shall survive the execution end delivery of this Deed of Trust, ahell be continuing in neture, end
<br />shell remain in full force end effect until such time es Trustor's Indebtedness she�l be paid in full.
<br />EXISTING INDEBTEDNESS. The following provisions concerning Existing Indebtedness are a part of this Deed of Trust:
<br />Existing Lien. The lien of this Deed of Trust securing the Indebtedness mey be secondery and inferior to en
<br />existing tien. Trustor expressly covenents and agrees to pay, or aee to the payment of, the Facisting Indebtedness
<br />and to prevent any default on such indebtedness, any default under the instruments evidencing such indebtedness,
<br />or eny default under any security documents for such indebtedness.
<br />No Modiflcation. Trustor shall not enter into any egreement with the holder of any mortgage, deed of trust, or
<br />other security agreement which has priority over this Deed of Trust by which that agreement is modified,
<br />amended, extended, or renewed without the prior written consent of Lender. Trustor shell neither request nor
<br />accept any future advances under any such security agreement without the prior written conaent of Lender.
<br />CONDEMNATION. The following provisions relating to condemnation proceedings ere a part of this Deed of Trust:
<br />Proceedings. If any proceeding in condemnation is filed, Trustor shall promptly notify Lender in writing, and
<br />Trustor shall promptly take such steps as may be necessery to defend the ection end obtain the award. Trustor
<br />mey be the nominal perty in such proceeding, but Lender shall be entitled to participate in the proceeding and to be
<br />represented in the proceeding by counsel of its own choice, and Trustor will deliver or cause to be delivered to
<br />Lender such instruments and documentation as may be requested by Lender from time to time to permit such
<br />participation.
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