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��14�15�� , DEE�D �F TRUST . � Lvan Nv: ��'1�7437� � �C�ntinu�d} Page 4 �orm, amounts, co�erages and basis reasonably a�ceptable t❑ Lender and issued by a company or �ompanies reasonabfy acceptable �o Lender. Trustor, upan request o� Lender, wiIl deliW�r �o Lender �rvm time �o time fihe po��cies ❑r ce�tificates ❑f insurance in farm satis�actory ta Lender, including stipula�ions �ha�co�erag�s will no� be cancelfed ❑r dimin�shed wi�haut a� Ieast ten {��} days prior v+rrit�en notice �v Lender. Each insurance pajicy aIsv shall include an endorsement pra�iding that�o�erage in fa�or❑f Lender will na�be impaired ih any way by any ac�, ❑mission or default o�f Trus�or�r any ❑ther per-son. Should �he Real Proper�y be �oca�ed in an area designat�d by �he Director❑f�he Federal Emergency Managemen�Agency as a special f�ood ha�a�-d ar�a,Trust�r agrees t❑vhtain and mainfiain Federal Flood lnsurance, if a�ailable, for the �ull unpaid principa� halance of the loan and any prior �iens on the property securing fihe loan, up fio �he maximum pali�y limits set under the Nationa( F�oad lnsurance Prvgram, ❑r as o�herwise required by Lender, and to maintain such insurance�or�he term❑�the �oan. Applica�ivn v� Pro�eeds. Trus�vr sha�� promptly natify Lender❑f any loss ❑r damage�o �he Prvperty. Lender may make proofi vfi fass if Trus�or �ails �❑ do s❑ within fif��n �15} days ❑f �he �asual�y. Whe�kher ❑r nat Lender's � security is impa�red, Lender may, a� Lender's electi�n, recei�e and retain the praceeds vt any insurance and appIy � the praceeds to fihe reductivn �f the lndeh�edness, payment ❑�f any lien affec�ing the Praperty, or the restora�ion ' and �epair�f the Proper�y. lf Lender elects fio apply fihe pra�eeds to restara�ivn and repair, Trus�ar shaI� repair or � replace the damaged ar des�rayed Impro�ements in a manner sa�is-�a��ary to L�nde�-. Lender shaI�, upon ; satis�acfiory proof of such �xpendi�ure, pay ar reimburse Trustt�r from �he pro�eeds �or �he reasonable cost ❑f � repa�r ar r�s�arafiivn �� Trus�ar is no�k sn default under �his Desd af Trus�k. Any proceeds which ha�e na� been � disbursed within �8� days after their rece�p� and which Lender has nat cvmmit�ed �v the repair vr res�ara�ian a� �h� Property shall be used firs�ta pay any amount owing t❑ Lender under�his I�eed D�Ti'L15�, �hen�o pay accrued interest, and �khe remainder, i� any, shall be app�ied t� the p�incipal balance af�he Indebtedness. [f Lender hofds � any proceeds a-�ter payment in �ull ❑� the Indebtedness, such prviceeds shaIl be paid �v Trustor as Trus�ar's � in�eres�s may appear. ! . Trustor's Repor�on lnsurance. Upan reques�of Lender, hvwe�er nofi more than ance a year, Trus�fior shall furnish ta Lender a repor� on each existing palicy of insurance shawing: {�} the name ❑-� the insur�r; ��} �khe risks insured; {3} �he amount ❑f the palicy; t4} �he prvperty insured, the then currenfi rep�acemen� value ❑f such p�-operty, and�he manner❑�F de�ermining that�alue; and �5y the expiration date of the palicy. Trus�or shall, upvn reques�v�f Lender, ha�e an independent appraiser satisfact�ry to Lend�r determine the �ash Waiu� replacemen�Gost of�he Prop�rfiy. LENDER'S EXPENDITURES. If any action or praGeeding is commenced thafi would mafierialIy a�fec� Lender's in�eresfi in the Praperty �r i�Trustor fails to camp�y with any p�v�is�on of this �eed of Trus�or any Rela�ed Documen�s, includ�ng �u� not ��mi�ed �❑ Trustor's fai�ure �ko discharge or pay when due any amounts Trus�or is requir�d to discharge o� pay under this ❑eed af Trust❑r any Relafied ❑ocumenfis, Lender on Trustvr's �ehal�may �bu�shall not be ❑I�ligated to} fiake any ac�ian �hat Lender deems appropria�e, in�luding bu� na� fimited �o discharging ❑r paying all �axes, liens, securifiy infierests, encumbrances and ❑�her claims, at any time �e�ied ar pIaced an�he Property and paying all cvsfis for�nsuring, main�aining and preser�ing fihe Prvperty. All such expenditures in�urred ❑r paid by Lender for su�h purp�ses wi�l then � bear in�kerest a�the rate �harged under�he N�te from the da�e incurred ❑r paid by Lender to �he da�e ❑�F repaymen� by Trus�tvr. All such expenses will hecom� a part vf�he lndebtedness and, a�fi Lender's apfiion, will �A} be payab�e on d�mand; {g} he added fiv the balan�e of the Note and be appaz--tioned amang and be payable wi�h any installment paymenfis �v be�ome due during ei�ther �1} the term af any applicable insurance policy; or �� th� remaining t�rm ❑f � th� Na�e; ar {C} be trea�ed as a baflovn paymen�which will be due and payab�e at�h� No�e's maturity. The Deed v� Trus� alsa will se�ure payment ❑f �hese amoun�s. 5uch rigF�� shall he in addi�ion �o all ❑fiher righ�s and remedies to which Lender may�e entitled upon ❑efau[t. � 11VARRANTY; DEFENSE�F TITLE. The foll�wing pra�isions ref ating ta ownership of�he Proper�y are a part❑f this Deed v-�Trus�: ! Tit�e. Trustor warrants �hat: �a} Trus�or holds gaad and marke-tab[e tifile of record to �he Property in �ee simple, � free and clear o� all liens and encumbrances ❑ther than �hose se��for#h in the Real Praperty descrip�ion ❑r in any ti�le �nsurance pvfi�y, title repart, ❑r final tit�e opinion issued in fa�or v�, and accepted by, Lender in conne�tian wi�h�his Deed ❑f Trust, and �h}Trustor has�he�ull righ�, pawer, and au�kh�ri�y t❑�xecu�e and de�i�er this Deed of Trust ta Lender. � � De�ense of Tit[e. Subject�a �khe ex�ep�ion in �he paragraph abo�e, Trustor warrants and will �oreWer def�nd the �i�le to the Praper�y aga�ns�fihe [aw�u[ claims of al[ persons. In the e�en�any ac�ion ❑r pro�eeding is �vmmenced �ha�ques�ians Trus�ar's ti�le or�he in�erest of Trustee ❑r Lender und�r this �]eed of Trus�, Trustor shall defend�khe ac�i�n at Tr-usto�-'s expense. Trus�or may be�he nomina� party in such pr��eeding, bu�Lender shall h� entitled t❑ participafie in �he proceeding and �o be represented in �he proceeding by cvunsel of Lender's ❑wn choic�, and � Trustor will deli�er, ❑r cause ta iae deli�ered, to Lendsr such instrumen�s as Lender may request from �ime ta time ; �o permit such parfiicipatian. � Comp[iance V1li�h Laws. Trusfior warrants fihafi the Proper�y and Trus�or's use ❑� �he Property complies with all exis�ing appiicab[e laws, ordinanc�s, and regu�ations of gaWernmental authori�i�s. Sur�iva� of Represen�ations and Warranties. All representations, warran�ies, and a�reemen�s made by Trus�or in this D��d ❑f Trust shall sur�i�e�he execution and deli�ery o�this Deed o#Trust, shall be cantFnuing in na�ure, and shall remain in-Full force and effec�un�il such�ime as Barrower's Indebtedness shaIl he paid in full. � : j