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� ��14��437 <br /> �E�D C�F TRUST <br /> . <br /> Lv�n 1Vo: �7����57 7 {����1l�C��d} Page � <br /> company or companies reasvnably acceptable to Lender. T�usto�, up�n reguest of Lender, will deli�er to Lend�r <br /> from -time ta t�me the p�licies or cert�fica��s.o�insurance in f�rm sa�isfaetvey to Lender, 3ncluding st�puta��ons that <br /> �o��rages w��� nat be cancelled or dimin�shed viri�hout at least fien ���} days pr�or v►rrit�en nottce to Lender. Ea�h <br /> insurance po�icy a[so sha-�� include an �ndorserriient providing thafi coverag� in �aWor af Lender wi�! nat �e �mpaired <br /> �n any way by any act, vmission or defau�t of Trus�ar o�-any=other:pe�rson. Shau�d the Rea� P�-op�rty�e�lo'cated in <br /> an area designated by th�e�Admin�s�ra�or o�F the,'Federa� Ernergency iV�anagement Agency as a special �Iood hazard <br /> area, Trustflr agrees.,ta,;=abtazn and main�kain;:.:Federa� �Flood [nsuranc�, if avai�able, for the maximum amaunt of <br /> Trus�or's Cred�t �Fne ari��the full_uripaid principal..ba��ance of any.prior Iiens on the proper�y secur�ng�he loan,,up�o <br /> �h� maximum p�Ci�y fim-its s��u�nder the Nat€anaf Flo�d lnsurance Program, or as othe�-wise requ�red by Lender, and <br /> ta mainta�n such insurance�or�he term �f�h�e.�oan: <br /> App�ica�ian of Pro�ceeds.; Trustar sha�l pr�mP�Cy noti�y Lend�r of a.ny loss or damage to�he Prope��y. Lender may <br /> make proo� o� [oss.if�Trus�ar fai[s fia do so inr��h�n f�f�een {'[5) days flf �he casua�ty. 11�Ihethe.r or nQ� Lender`s <br /> security ;s impaired; Lender may, a� Lender's=;e�ecti�n, reGe�ve and retain the proc�eds of any insurance and apply <br /> �he proceeds to �he r�ductian�o��he lndebtedness; payment of any lien af�ecting �h� Propertyr �r �he res�oiration <br /> and repair of the Pr�perty. �� Lender el�ets�to apply the.�proc�eds;�o res�oratian and repairr Trus�or shall repair or <br /> replace the damaged or des�royed lmpro�em�n�s in a manner; sat�s�FaGtory to Lender.' Lender shal�, upon <br /> sa�isfac�ory proo� ofi such expenditur�, pay.�o:r:r�imburs� Trustor fram the proceeds for �he reasonab�e cost �f <br /> repair or rest��at"ion.if Trustor is nat in defau�t_�u�irier �his �7ee�€ �f Tr�€st. �.ny proceeds wh�ch ha�e not been <br /> dtsbursed vrri�hin 1.8�.d�`ys aft�r�heir r��eip�an� which Ler�d�r h�s no�C Gvmmitted to �he repair or res�nration �� <br /> the Property�halC be,-used.first;to pay any a,mvunt owing to Lender under;�hEs D�.ed o�Trus�, then to pay accrued <br /> interest, and the remainder, if any, shal[ be:�applied �tv:�he prin�ip�l �alance of�he �nde��edness. 1# Lender holds <br /> any proceeds a-rrte�- paym�nt in fulf of �he�lndebtedness, su.ch proceeds shall be pa�d �v Trustvr as Trustar's <br /> in�e�res�s may appea�. ; <br /> LEN�ER'S EXPEl1�DfTURES. � !f Trustor fails' �►4} . �ta keep th� P�-aperty`fr�e of all taxesr liensf security inter�s�s, <br /> encumbrances, and other-c[airris, �B} �a pr4Wide any requ�r�d-insuranee on the Property, o� {C} t� make repairs to the <br /> Prop�rty then Lend�r may do so. -If any action� o�- proceeding is commenced tha�t woufd m���rially af�ect Lende�-'s <br /> interests in the Pr�per�yr� �hen Lender on T�us�or's �aehalf may;��bu� is not required to, take any act�vn �hat`Lender <br /> believes to be app�-opria�e�o�'protec� Lender's inter�sts. A!I expens�s �ncurred or paid by Lend�r�For such purpases inri�E <br /> � <br /> then bear interes� at�the ra�e-,charged ur�der�he��Cr�dit Agre�men�frarr��he date incurr�d o�- paid by Lende�ta �he da�e <br /> of re�aymea�t �y T�us�ar: _A[� su�h �xpenses..wi�l.:become a pat-� a��h� lndebtedness ands a� Lender`s op�ion, wilj �A} <br /> he payable vn demand; {B}: be added to �h� ha[an�� �fi �h� �red�t:..P�gre��nen� and be appor��oned among and �e <br /> �aayable�rvith anv ins�a�lment:payrr:ents to beco�ne �ue during ���her, �1} �he term a��ny applica�le insurance p�['rcy; ar <br /> {2� tne remaining term of�he C�edi�Agreement;.or,�,�C� be�rea�ed as::a�bat�oon payment►nrhi�h vvifi be due and payable <br /> a�the�red��Agreemen�'s ma�uri�y. Th�: []eed of Trust also wili secure paymen�o��these amounts. The rights provided <br /> for in this paragraph sha11 �e in addi�ion to any o�her�rights or any remedies�o whEch Lender may be entit[ed on ac�ount <br /> of any.defaul�. Any such'action by�Lender sha���nat be co�nst�ued as curing �he defau�t so as �o bar Lender �rom any <br /> remedy that it a�he�-wise wou�d have�ad. <br /> �JIt'ARRA+NTYY DEF�NSE�F T1TLE. The follov�iing p'ro�is[ons re�at;ing to o�nrners�ip af the Property are a part of this ❑�sd <br /> o�Trust. � <br /> Tifi�e. Trustor warrants that: .�a}.Trustor ho[ds�,gopd and marfceta,b�e tit[e o� record to the Property in fee simp�e, <br /> -f�ee and clear of afl [��ns and encumbrances.other than those..set for�h in the �eaf Proper-�y descrip�ion or in any <br /> : titfe insuran�e pol�i�y, �i�le reportr.or ��nal ti�le:,opinion-issued in �a�or a�F, and accepted b�, Lender in connectian <br /> wi�h�his Deed of�`rust, and �b}Trus�or h�s th�fu�� right,.p��rver, and authvri�y to ex�cute and delive��his Deed of <br /> T�-ust to Lende�r. <br /> �]�fense ��l'�t�e. Su��ect�o �th� except'ran in the �aragraph:ab���, Trus�ar �arran�s and �i�1 fore�e�- defend �he <br /> tit[e to �he P�operty agai�ns��he law�ul c�aims o���8 persons. In the e�ent an_y action or pro�eeding is cvmmenced <br /> �hat questions Trustarps;�€t�e�r the interest:of,Trus�e�Qr Lender under this Deed of Trustr Trus�ar sha�l de�end the <br /> �ctivn a�.T�us�or's expense. Trustar may be��the norr�ina� party.in.sueh proeeeding, bu� Lender sha11 be�enti��ed fio <br /> �arti�ipate �n the proceeding and to be represented in the prviceeding by counse! of Lender's ov�►n choice, and <br /> Trustar wifl deiiWer, or Gause to be deliverecl, tv tender such instru�ments as Lender may request frQm �ime�o time <br /> to perm�t such par�icipa�ion. � <br /> Cv�p[iance-V11ith,Lavvs.; Trustor vvar�-ants�tha�.,�he Property and Trustar's use �f�he Prape�� c�mp��es with all <br /> e�cist�ng app�icaf��e �aws,�ordinances, and regula�ions o�go��rnmenfia! authorities. <br /> �ur�riva� of Promis�s. All promises, agreeme�i�sa an� s�a��ment� Tr�s�o� ha� m�d'e in �h�s �eed of �rust shall <br /> s�arvive�he ��c�c�ti�n and d�live�y o��his �]eed ���r�s�, s�al! b�contia�u€�� in nature and shaC� rer�ain in fu�! �o�ce <br /> and�f�e��unrte�su�h-�ir��as Trus�or�s lr�cie�i-�edn�ss is p�i�.�n�uC�. <br /> ��N�]E���1TI��. �e�����vv�r�g prc��isions r��atiri�t��ond�mnatian proceedings are a part of this D�ed��Trust: <br /> PrvGeed�ngse i�F any pr�ce�ding En cQndemr�at�on ps filed, Tr�usto�- sha�l prompt�y n�-�i�y Lender in writing, and <br /> Trustar sha�] pr�mp�ly �a�e such s�eps as;may �e necessary�o def�nd the acti�n and ab�ain.the auvard. Trustor <br /> may be�he nvrr��na� p�r�y�n such P�aceeding, but Lender_sha[E.be entitfed to pa;r�kic�pate in the proceeding and to be <br /> represenfi�d in the pro�eed�ng.by counse�.of;;its own choice, anci Trustvr v�i11 de[iver or cause to he deli�ered ta <br /> Lender such instruments and documentation as_;may be,requested by Lender �rom time tv time tv p-ermit such � <br /> participa�i�n. � <br /> App���at�an vf Net Pra��eds. l�;all or any.part o�the Praper�y is candemned by�minent domain pro��edings or by <br /> any.pa-oce�ding or pu.rchase in �ieu of conderi-mnation, Lencier s-nay afi its elect€or� �-ec�uire�hat al! or any Portian o�the <br /> ne� pro�eecls of the award be appiiecl to �he_l�debt�dness or the €-epaEr or res�orat�or� of the Property. Yhe ne� <br /> proceeds �-�th��aw�rc� shall me�an the avsrard''a�ter paymen�afi a11 �easonabfe costs, expenses, and attvrneys' �ees <br /> incurr-ed by Trustee or Ler�der in connection i�i�h t.he c�nder�-rraa�i�n, <br /> �l�ltP��1Td�� �7F TA�CES. FEE� AN� CHA�iG�S ��( G�II���V[�E�111�`A,L A�'TH€��fTlES. The fv6lowing pro�is�ons relating <br /> �o goWernme�t�l�axes�fe�s ar�d charges a�-e a pa�o�thEs ❑eed �f��ust: <br /> Current�'axes, Fees and Charges`, Upon �request �y Lender, Trus�ar shall execute such documents in�addition t� <br /> �his Deed a�Trust an�take wha�ever o�her..actian is requ�sted by'Lender�o per��c� and con�tinue Lender's �ien on <br /> �he�Rea� Prvp�r�y. Trus�or sh:all reimburse.;Lender for a!� taxes, as descrihed be[aw, togeth�r vtirith all expenses <br /> �ncurre.d in recordirigl per�ecf�ng ar continuing_:�his Deed of Trust, ineluding vtir�thout limitation a�l �axes,: #ees� <br /> documen�ary s�amps, and other;charges�or record�ng or regis�er�ng-this D�ed of Trust. � <br /> � Tax�s. �The �o�lo�nring s`ha�� �onstitute taxes to which��this s�ct��n applies: ��[} a specE�ic tax upan this type o� <br /> �eed of'Trust ar upon all or any part of�h� :[ndeb�edness secured b�this Deed o�Yrust; ��� a speci�ic �a�€ an <br /> Trust��whic��r.ustor is`au�horized or requfred`t€� deduG��rorra payrr�ent� on the Ir�deb�ednes�s seG�red by�his type <br /> af�7eeci o�-frust; �3} a;�a�c on this�y�e of Deed�f-9-'rust��+arg�a�al� a�ains-�th� �ender�r��e �ho[der o�the.Cred��t <br /> A,greemen�; �rid ��-} � specif[c :�a� �n.�1� ,or �r�� par�t�or o� �h� lnd��a�edn�ss ar �� ��yrr�e,n�s o� prl�c.ipa! �n�i <br /> i�i��res��ade br��rus�v�. <br /> Su�sequent `fax�s. lf an,y tax �o v�hich t��s s�ctio� a�pE�es �s �r�acted subseq�ent �t� the da�e �f �hEs �eed o� <br /> �'r�st, �his e�ent'shal[ hav� the sam� effec� as ar� �vent �� �e�au�t, and Lender �n�y exerC�se any �r a[� of i-�s <br /> availab�e remedies fvr an EWen� o-� Qef�uft as.��ov�ded be�ow unless Trustor e�ther 43} pays the tax be��re i�t <br />