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��14��15 �EE� �� T'RLJ�T Lnan No: 'f�'�2��57 ��t1t[r1ueC�� Page: 4 Prop�rty �hen Lender may do so. [f any act�an ar proGeeding is carr�menced �hat wr��ld materi��iy a��ec� Lend�r's interests in �he Prop�r�y, �hen L�nd�� an �rustar's behalf may, but is not r�quired �o, take ar�y ac�ion that Lender be�ieves to be appropriate to protect Lender`s in�terest�. A�� xpenses incurred or paid by Lender for such purposes �Nii� then bear in�erest a��:he rate �harg�d under the Note �rom the da�e incurred or paid by Lende��a�he date af repaym�nx by Trust�r. All such expenses will became a part of�he Indeb�edness �nd, at Lender's optian, will {A} be pay�ble ❑n demand; �8� be added to �he halance �f the Nate and be apportioned amang and he payab�e with any installr��nt paymen�s to becam� due during eifihe� �1� the term of any applicable insurance policy; or �2} th� remaining t�rm of the Nc�te; ar {Cy be treated as a balloon p�yrnent which will be due and payabl� a�the Note's ma�urity. The Deed of Trust also w�i� secure paymen�of�hese amoun�s. The righ�s p�o�ided �or in �his paragr�ph sha�[ be in addit�on to any ❑�her rights or any remedies to which Lender rr�ay be entitied ❑n accvunt o� any defaul�. Any such a�tion by Lenraler shall not be�ons�rued as curing the default sa as�❑ bar Lender frorr� any r�medy tha�it o�herwise wnu�d haWe had. WARRANTY; DEFEIV�E�F T1TLE. �he fallo�nring pro�€sions refating�o ownership o�the P�-vperty are a p�r�of'�his DEed ❑#Trust: T��[e. Trustor warrants tha�: 4a� Trustor h�lds good and marketable tit�e of record to �he Prop�r�y in f�e 5im��le, free and clear of all liens and encurnbrances ather �han those set �or�h in the Real P�aper�y descr�ption ar in ��ny fiit[e insurance po�icy, �itle repor�, or �ina� t�t�e opinivn issued �n �a�or af, and accep�ed by, Lender in connection with this Deed a�Trust, and t�} �rustor has�he �ull r��ht, pvwer, a�d authority�❑execute and deliu��this Deed of Trust tv Lender. Defense o�Title� Subject �v �he excep�ion in the paragraph abo�e, Trus�or warrants and wi�l forever defend ��he �i�tle t� the Prap�r�y agains�the �awful �laims af�II persons. �n �he e��nt any ac�ian or proceer�ing �s commenc:ed that questions Ti•us�or's ti�le or�he interest❑f Trus�ee or Lender under this Deed o��rus�, Trust�r s�a[I defend -the actian at Trus�or's expense. Trustor may �e the nominai party in such pr�ceedin�, �u� Lender shail be entit�ed to partic�pa�e in �h� proceeding and to be represented in the proceeding by �ounsel ❑f Lender'� awn �hoice, G�nd Trustor wiil deli�er, or cause�a be deli�ered, to Lender such instrumen�s as Lender may request fram time t❑ time �a permit such participatian. Camptiance V11�� Laws. Trustor warrants �ha� �he Proper�y and Trus�ar's use of the Propert� c��nplies w�th a�� existing appli�ab[e laws, o�dinances, and regula�ions ofi go�ernmentaf authorities. 5ur►ri�rai o� Pr�mises. ►�� promises, ag�-eem�nts, and statemen�s Trustar has made in �h�s U�ed o� �rus� s��all sur�i�e �he execu�ion and de��Very vf this D�ed of Trust, sha[[ h� con�inu�ng in nature and shall remain in full fa�rce and et�Fect untii such time as Trustar's �ndebtedness is paid in full. ��NDE�V1NATt�N. The foliowing pr��s�ons rela�ing t❑condemnation pro�eedir�gs are a part o�this Cyeed o�Trus�: Proceedings. i� any prv�eed�ng in cQndemnation is �filed, Trustor shal! promptly notify Lende� in vwr€ting, ��nd Trus�vr shall promptly �ake sc�ch steps as may he necessary tv de�end t�� act�on and ab�ain the award. Trust�r may be the nvm�nal par�y in su�h pro�eeding, but Lender sha�� be entifiled�o parti�ipate in th� praceeding and to be represented in �he proceeding by couns�l of its awn chaice, and Trustar will deii�er or cause to be deli�ered to Lender such ins�trumenfis and documentatian as may be requested by L�nder #ram tirne to time ta permit s��ch par�icipation. Applicat�on af lV�:�Proceeds. If a�l or any p�rt a#the Property �s condemned hy eminent doma'srti pro�eedings ar by any proceed�ng ar purchase in Iieu o�F condemnati�n, Lender may at its�l�ct�on requi�e that all �r any por�ian❑f�the ne� proceeds o�f the award be applied to the Indebtedness ar �he repair ar restora�ion of the Property. The ��et ` proceeds �f the award sna�� mean the award a�ter payment of all reasonable costs, expenses, ��nd afitorneys' fE;es in�urred by Trus�ee or Lender ir�connection with the condemnation. l�VlP�StT��IV �F TA�CES, FEES �4ND CH►4R�E5 13Y G�1IERNMENT�4L AUTH�F�1TiE5. Tl�e �Follow€ng pr��is�ons relating �o go�ernmental taxe�, fees and charges are a part of this Deed af Trust: Current Tax�s. F�ees and Charge�. Upan reques� hy Lender, T�us�or shail execu�e such documen�s in addition to this Deed ot Trus�and take whatever ather ac�ifln is request�d by �ender to perfect and cant�nue Lender"s lien an the Real P�oper�y. Trustor shal� reimt�urse Lender for all taxes, as descrihed below, together� with all expen:�es incurred in recording, perfe��ing or continuing th�s Deed o� Trus�, �ncluding wi�hout €imi�ation �11 taxes, fees, documentary stamps, and❑ther charges�or recordin�or registering this Deed of Trust. Taxes. The fv�lowing shall cons�ixu�e taxes �❑ which this sec�ion applies: �1� a specif�c ta�, up�n this type at ❑eed of Trust o�• upan ali or any par� of th� lndeb�edness secured �y this Deed o� Trus�; �2� a speci��c tax ❑n Trusfior which T�ustor is authorized or required to deduct#ram payr�ents an the Indebtedness s�e�ured by this��pe o# ❑eed of T�us�; �3� a tax or�this ty�e�f Deed af Trus� chargeab�e against the Le�der or the ho[der of the Nate; and �4� a specific tax nn �ll �r any p�rtior� a�the lndebtedness or on payments of principal ar3d ir��er�st made by Trus�or. SubSequent Tax�s. I� any tax ta which �his sect€on applies �s enac�ed subsequ�nt to the date �f this De�d of . Trus�, this e�en�t shal6 ha�e �h� same e�#ect as an E�ent of Defau�t, and Lender �-nay exerc�ae any �� a!! o� ifis a�ai�able remedi�s for an E�en� af De�ault as pra�ided below unless Trustor either �1} pays �he �ax befarf: it be�omes delinq�ent, or �2� con�ests the t�x as prvv�ded abo�e in the T�xes and Li�ns sec�ior� and depasits v�rith Lende�cash❑r a sufficient corporate s�rety bond or other security satis�ac�ory to Ler�der.