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s � ��14��597 DEED �F TRUST k Lvan Nv: '1 D��73�49 ��ontlnue } Page 5 WARRANTY; DEFENSE�F T1TLE. The following pra�isians relating to ownership o�the Praperty are a part of this Deed o�Trus�: Title. Trustor warranfis that: {a} Trustor halds gvod and marke�able fiitle pf record t❑ the Prop�r�y in #ee simple, �ree and clear ❑f all liens and encumhrances ather than th�se set f�r�h in the Real Property description or in the Existing Indeb�edness section be�ow or in any fiit�e insurance policy, �i�le repor�, or final title ❑pinion issued in fia�or of, and a�cepted �y, Lender in conne��tion wifih this Deed of Trus�t, and �b� Trustar has th� �ull right, power, and authori�y�❑ execute and de�i�er th�s De�d ❑f Trust t❑ Lende�r. ❑efense of Title. Subject�to the exceptian in the paragraph aba�e, Trustor- warr-an�s and will fvre�er de�Fend the �itle ta�he Proper�y agains�the law�fu� c[aims o�all persons. In�he event any action or pra�eeding is �ommenced �hat quesfiions Trus�or's title or the interest a�Trus�ee ❑r Lender under this Deed ❑f Trust, Trus�or sha11 de�end the ac�ion at Trustor's expense. Trustor may be the naminal par�y in such proceeding, �ut Lender shall b� enti�led to participate in the proceeding and to be repr�sented in �he praceeding hy �ounsel of Lende�-'s own choice, and Trustor will deli�er, �r cause�o he de�i�ered, tv Lender such instruments as Lender may reques�frvm time t❑�ime to permit such par�icipat�on. Complian�e 1Nith Laws., Trustor warrants �ha� the Property and Trustvr`s use ❑f �he Properfiy cvmplEes with all existing applicab�e �aws, ❑rdinances, and regu�at�ons of governmental authvr�ties. Survi�al of Representations and Vllarranties. All representat�ons, warranties, and agreements made by Trustor in �his Deed v�Trus�shall sur�i�e the execu�ion and deli�ery ❑f this Deed ��Trust, shall be cvntinuing in na�ure, and shall remaEn in full�arce and effec�unti�such time as gorrower's �ndebtedness shall be paid in-�ul�. EX15T�NG INDEBTEDNESS. The following pro�isivns �ancerning Exis�ing lndebtedness are a part a�this Deed af Trus�: Existing Lien. The lien of this Deed of Trus� securing the Indebtedness may be secondary and �n�eri�r �o an existing lien. Trustc�r express�y Gv�enan�s and agrees �o pay, or see tv the payment o�F, �he Exis�ing lndeb�edn�ss and tv pre�en�any de�Faul�on such indeh�tedness, any de�au�t under the insfiruments e�idencing such indebtedness, ar any de�Faul�under any secur�ty documents tvr su�h indeb�edness. No M�di�Eca�ion. Trustor shall nafi en�er int❑ any agreement with the h�lder of any martgag�, deed o# �rust, or ofiher secur�ty agreement whi�h has priority ❑�er �his Deed �� T�ust by which �hat agreement is mvdified, amended, extended, ❑r renewed wi�hout fihe prior wri��en consent a�F Lender. Trusfior shall neither request nor accept any�u�ure ad�ances under any suGh security agreement withau�the prior written cansen�❑�f Lender. C�N�EMNATlDN. The following provisians rela�ing to ��ndemnati�n proceedings ar� a part❑�this �eed of Trust: Praceed�ngs. �f any proceeding in condemna�ian is fiiled, Trustar sha�l prvmptly nati�y L�nder in wr��ing, and Trustor shall promptly�ake su�h s��ps as may be necessary t❑ d�f�nd the a�tian and olatain the av+rard. Trustor may be�he nvminal party in such praceeding, bu� Lender shal! be entitled t❑ participate in the proceeding and tv be represented in �he proceeding by counsel af its own choice, and Trus�kor will deli�er flr cause ta be deli�ered to Lender such Enstruments and documenfiation as may he reques�ed by Lender from time to fiime to permit such parti�ipafiion. Appli�a��on af Net Proceeds. �f al� or any par�af�he P�ope�ty is c�ndemned by eminent domain proceedin�s ❑�-by any proceeding or purGhase �n lieu o�cvndemna�ion, Lender rriay a�i�s electian requ�r�that all or any p�rtion o��he net proceeds of the award be applied �o the �ndelatedness or the repatr or res�orativn of the Proper'�y. The net proceeds v�F the award shall mean the award af�er payrnen� o�all reasanable costs, expenses, and attflrneys' �fees incurred by Trustee❑r Lender in cannection wi�h�he condemnation. �MPa5lT1DN �F TAXES, FEES aND CHARGES BY G�VERNMENTAL AUTHOR1T1E5. The �fo�lowing pro�isi�ns relating to gv�ernmental taxes, fees and �harges are a part of this Deed o�Trust: Current Taxes, Fees and Charges, Upon request by Lender, Trustor sha�! execute su�h documents in additEon �❑ this Deed of Trust and take whate�er❑ther action �s requested by Lender�o perfect and �ontinue Lender's [ien on the Rea� Praperty. Trus�or shall reimburse Lender for all tax�s, as des�ribed below, fivge�her with all exp�nses incurred En r�cording, pertecting ❑r con�inuing �his Deed �f Trust, including without limitatian a11 taxes, fees, documentary s�amps, and a�her cha�-ges'for recording or registering�his I�eed a�Trus�. Taxes. The following sha�� onst��ute �axes to which this sec�tion applies: �'l} a specific �ax upan fihis type o-� ❑eed o�Trust or upon all ❑r any part of the Indebtedness secured by �his De�d of Trust; {2� a specific tax on Borrowe�r which gorrower is au�hori�ed ar required t❑ dedu�� from payments vn the Indebt�dness se�ured by this type of I�eed ❑f Trus�; �3� a tax vn�his�ype a� �eed of Trust cha�-geab�e against the Lender❑r the holder❑f the No�e; and {4y a specE��c tax an aff ar any portion af �he lndebtedness or on payments of principal and in�erest mad� by Borrower. . 5ubsequent Taxes. I� any tax �k❑ which this secfiion applies is enacted subsequen� to the da�e ❑f this Deed of Trus�, �h�s e�en� shall ha�e �he same e��ect as an E�en�t ❑f ❑efault, and Lender may exercise any or a11 of its a�aila��e remedies for an E�en� ❑f Default as pravided laelvw unless Trustor either �'�} pays the tax befiore it becom�s delinquent, ❑r �� contes�s the tax as pro�ided aboWe in�he Taxes and Liens section and depvsifis w�th Lender cash or a sufficient corpora�e surety bvnd or other securi�y satisfactvey to Lender. SECUR[TY AGREEMENT: FlNANCING STATEI�JIENTS. The ��I��wing pro�isivns reiating �t❑ �his Deed ❑f Trust as a