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DEED OF TRUST
<br />Loan No: 101250661 (Continued)
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<br />disbursed within 180 days efter their receipt and which Lender hes not committed to the repair or restoration of
<br />the Property shell be used first to pey any amount owing to Lender under th(a Deed of Trust, then to pey accrued
<br />interest, and the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds
<br />any proceeds after payment in full of the Indebtedness, such proceeds shall be paid to Trustor as Trustor's
<br />interests may appear.
<br />Trustor's Report on Insurance. Upon request of Lender, however not more then once a year, Trustor shall furnish
<br />to Lender a report on each existing policy of insurance showing: (1) the name of the insurer; (2) the risks
<br />insured; (3) the amount of the policy; (4) the property insured, the then current replacement velue of such
<br />property, and the manner of determining that value; end (5) the expiration date of the policy. Trustor shall, upon
<br />request of Lender, have an independent appre(ser satisfectory to Lender determine the cash velue replecement cost
<br />of the Property.
<br />LENDER'S EXPENDITURES. If any ection or proceeding (s commenced that would materially affect Lender's interest in
<br />the Property or if Trustor fails to comply with any provision of this Deed of Trust or any Related Documents, including
<br />but not limited to Trustor's failure to discherge or pey when due eny emounts Trustor is required to discharge or pay
<br />under this Deed of Trust or eny Related Documents, Lender on Trustor's behalf may (but shall not be obligated to) take
<br />any action that Lender deems appropriate, including but not Ifm(ted to discherging or paying all taxes, liens, security
<br />interests, encumbrences end other claims, et eny time levied or pleced on the Property and paying ell costs for insuring,
<br />maintaining and preserving the Property. All such expenditures incurred or paid by Lender for such purposes will then
<br />bearinterest et the rate charged under the Note from the date incurred or peid by Lender to the date of repayment by
<br />Trustor. All such expenses will become a part of the Indebtedness end, at Lender's option, will (A) be payable on
<br />demend; (B) be added to the belance of the Note and be epportioned among and be payable with any installment
<br />payments to become due during either (1) the term of any appliceble insurence policy; or (2) the remaining term of
<br />the Note; or (C) be treated es a belloon payment which will be due end payable at the Note's maturlty. The Deed of
<br />Trust also will secure payment of these amounts. Such right shell be in additlon to all other rights and remedies to
<br />which Lender may be entitled upon Default,
<br />WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Deed
<br />of Trust:
<br />Title. Trustor warrants that: (a) Trustor hotds good end marketable title of record to the Properry in fee simple,
<br />free and clear of all Itens end encumbrances other than those set forth in the Real Property description or in eny
<br />title insurance policy, title report, or final title opinion issued in fevor of, and accepted by, Lender in connection
<br />with this Deed of Trust, and (b) Trustor has the full right, power, and euthority to execute and deliver this Deed of
<br />Trust to Lender.
<br />Defense of Title. Subject to the exception in the peragraph ebove, Trustor warrents and will forever defend the
<br />title to the Property egainst the tawful claims 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 nominel party in such proceedtng, but Lender shell be entitled to
<br />participate in the proceeding and to be represented ln 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 participation.
<br />Compliance Wlth Laws. Trustor warrants that the Property and Trustor's use of the Property complies with all
<br />existing applicable laws, ordinances, and reguletions of governmental authorities.
<br />Survival of Represerrtations and Warrar�tles. All representations, warrenties, and agreements made by Trustor in
<br />this Deed of Trust shall survive the execution and delivery of this Deed of Trust, shell be continuing in nature, and
<br />shall remain in full force and effect until such time as Borrower's Indebtedness shall be paid in full,
<br />CONDEMNATIOIV. The following provisions relating to condemnation proceedings ere e pert of this Deed of Trust:
<br />Proceedings. If eny proceeding in condemnation is filed, Trustor ahell promptly notify Lender in writing, and
<br />Trustor shall promptly take such steps as mey be necessery to defend the action and obtain the eward. Trustor
<br />may be the nominal party 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 wilt detiver or cause to be deltvered to
<br />Lender such instruments end documentation as mey be requested by Lender from time to time to permit such
<br />participation.
<br />Application of Net Proceeds. If all or any part of the Property is condemned by eminent domain proceedings or by
<br />any proceeding or purchase in lieu of condemnat(on, Lender may at its election require that all or eny portion of the
<br />net proceeds of the awerd be applied to the Indebtedness or the repair or restoretion of the Property. The net
<br />proceeds of the award shall mean the awerd after peyment of all reasonable costs, expenses, and ettorneys' fees
<br />incurred by Trustee or Lender in connection with the condemnation.
<br />IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions relating
<br />to governmental taxes, fees end charges are a part of this Deed of Trust:
<br />Curreirt Taxes, Fees and Charges. Upon request by Lender, Trustor shall execute such documents in addition to
<br />this Deed of Trust and take whatever other action is requested by Lender to perfect and continue Lender's lien on
<br />the Real Property. Trustor shell reimburse Lender for ell taxes, es described below, together with all expenses
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