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��14��513
<br /> �EED �F `f F�L�ST
<br /> L�an No: 7�1275�84 �Cont��lued� Page 4
<br /> Property in an amflun� su�ficient to avoid applica�ion ofi any coinsurance clause, and with a s�andard mortga�ee
<br /> clause in fa��r ot Lend�r, t�gether with such other ha�ard anc� liabili�y insurance as Lender may reasQnably require.
<br /> Policies shall be wri�ten in form, am�unts, c��erages and basis reasonabiy acceptable to Lend�r and issued by a
<br /> �ompany or compan�es reasonably ac�eptable t� Lender. Trustor� upon request of Lender� vuEll deliver tn Lend�r
<br /> from �ime to time �the policies ar cer�ifica�es o�insurance in farm satisfactory t� Lender, including stipula�ions that
<br /> coverages will nat be cance[!ed or diminished wi�haut at least�en {14} days pri�r wri��en no�ic� �o Lender. Each
<br /> insurance policy a�so shall inciude an endarsemen� pra�iding thafi co�era�e in fa�or af Lender will not be impaired
<br /> in any way by any ac�, �mission ❑r default o�Trus�tor or any�ther pers�n. Should the Real Property be [o�ated in
<br /> an area designated by the Administrator �f th� Federal Emergency Managem�nt Ag�ncy as a special flood ha�ard
<br /> ar�a. T�ustor agr��s ta obtain and main�ain Federa! Fl�ad Insurance, if a�railab[e� �or the fiull unpaid pr;n�ipal
<br /> halance �f the loan and any prior liens on the proper�y securing�the loan, up tQ the maximum palicy limits sst under
<br /> the IVational Flood Insuran�e Program, ar as otherwis� required by Lender, and to maintain such insurance for the
<br /> term a'��he I�ane
<br /> Applica�kian of Proceeds. Trustor shafl promptly no�ify Lender af any loss ❑r damage ta th� P�oper�y. Lender may
<br /> make pra�f of loss if Trustor �ails to do sa wi�hin fif�een =15� days �f the casualty. Vllhether �r not Lender's
<br /> se�urity is impaired� Lender may, at Lender's ele�tion, re�eE�e and retain �he pra�eeds of any insurance and app[y
<br /> the proce�ds to the reduc�tion of the Indebtedness. paymen� �f any lien affecting the Prop�r�y. �r �h� restoration
<br /> and repair o�th� Property. if L�nder elec�s ta app[y the proceeds �v restoration and repair, Trust�r shall repair or
<br /> replace the dama�ed or des�rayed lmpro�emen�s in a manner sa�isfa��tary ta Lender. Len�er shall, upon
<br /> satisfactvey proof �� such expenditu�e, pay ar reimburse Trust�r from the praceeds f�r �he reasonable cvst of
<br /> repair or restoration if Trustor is no� in default under this Deed af Trust. Any pr�ceeds which ha�e nat been
<br /> disbursed within �S� days a�ter their receip� and which L�nder has nvt commifited �o the repair or res�ara�ion of
<br /> the Property sha�l be used �irs�to pay any amount owing to Lender under this De�d of Trust� th�n to pay accrued
<br /> int�r�sfi. and the remaind�r, if any, shal� �e applied t� the principal balance ❑f the lndebt�dness. If Lender holds
<br /> any proce�ds a�ter payment in full of the [ndebfedness, su�h proceeds shall be paid to Trustor as Trustor's
<br /> interests may appear.
<br /> Compliance with Exisfin� Indebtedness. During the p�riod in which any Existin� lndeb�edn�ss describ�d be[o�rv is
<br /> in effect, �vmpliance with fihe insurance pro�isions contained in the instrument svidenc�ng such Existing
<br /> Indebte�ness shall consti�ut� complian�� with the insu�-ance provisions under this Deed of Trust, to �he extent
<br /> cvmpliance with the �erms �f �his Deed vf Trus� would cansfitu�e a duplica�ion af insurance requirement. If any
<br /> praceeds �rom the insurance become payab[e an foss, the pro�isi�ns in �hEs Deed af Trust��r diWision vf proceeds
<br /> shalf appfy only tv that portion o��he pr�ceeds not payable�a�he h�lder o�r the Exis�ing lndebtedness,
<br /> LENDER'S E�PENDITURES. I� Trustar fails �Ay to keep the Prvper�y free of al� tax�s, li�ns, security interests,
<br /> encumbrances, and other claims, {B} �a pro�ide any required insuran�e �n the Praperty, ��y tfl make repairs to the
<br /> Prap�rty ar fio comply uvith any o�ligation to maintain Existing Indebtedness in good standing as required below, then
<br /> Lender may do so. If any action vr praceeding is commenced tha� wou[d ma�erially affect Lender's �nteres�s in fihe
<br /> Praperty, then Lend�r on Trust�r's �ehalf may, but is not required to, take any a�tian that Lender be[ieWes to k�e
<br /> appropriate to pro�ect Lender's interests. Alf �xpenses incurred ar paid by Lender for such purposes will th�n b�ar
<br /> int�rest at �he rate charged under the N�te from the dat� incurre� or paid by Lender t❑ the date o�F repayment by
<br /> Trustor. All such �xpenses will became a part of �he lndebtedness and, at Lender's option, will �A} be payable on
<br /> demand; tB} be added �� the balance af the Note and be apportioned among and be payable with any ins�al�ment
<br /> payments �v �ecame due during eifiher ��� the term a� any applicable insurance p�licy; or ��y the remaining �erm of
<br /> �he Note; or �C} be �rea�ed as a �al�aan payment whi�h wi[I be due and payable at the Na�e's maturity. The Deed of
<br /> Trust also will se�ure payment o�F these amoun�s. The rights prov�ded �or in this paragraph shaEl be in add�tion�o any
<br /> nther rights flr any remedi�s to which Lender may be entitled vn account of any defaul�. Any su�h actian by Lender
<br /> shall not be construed as curing the default so as to bar Lender fram any r�medy that it otherwise wvu[d hav� had.
<br /> INARRANTY; DEFENSE�F TITLE. The following pro�isions relating to ownership of the Proper�y are a part af th�s D�ed
<br /> o�f Trust:
<br /> Title. Trustor �rvarran�s tha�; �ay Trus�ar halds good and marketab�e �itle ��f record t❑ the Property in fee simple,
<br /> free and c�ear vf all liens and encumbrances other than �hvse se� forth in the Real Praperty descr�p�tion vr �n the
<br /> Exis�ing Indebtedness se�tion bel�vv ar in any ti�le insurance pvli�y, title report, or fina� ti�le opinion issued in �a�or
<br /> of, and acc�pted by. Lender in conne�tion with this Deed of Trust, and [h} Trustor has �h� fu[I righ�, power. and
<br /> authority to execute and deli�er this Deed vf Trus�to Lender.
<br /> Qef�nse �f Ti�Ee. Subject ta th� exc�pt�on in �the para�raph abv�e. Trustor warran�s and will fareWer defend the
<br /> title tv the Property agains��he �aw�Ful claims of all persons. ln the event any action or proceeding is commenced
<br /> tha�quest�ons Trustar's �itle ar fhe �nteres��f Trustee �r Lender under�this Deed of Trust.Trust�r sha[I defend the
<br /> actian at Trustor's expense. Trustor may be the nominal party in such proceeding, but Lend�r shail be en�it�ed to
<br /> participate in fhe prviceeding and t� b� represented in the prviceeding by counse[ ofi Lender's Qwn chvi�e, and
<br /> Trustor vuill deliver, or cause to be d�li�ered, �o Lender such instruments as Lender may reques�t fr�m time ta��me
<br /> �o permit such participation.
<br /> Campliance V�lith Laws. Trus��r warrants that the Property and Trustvr's use v� the Property comp[ies with a�l
<br /> e�isting applicable laws, ardinances, and regu�ations of go�ernmen�al auth�ri�ties.
<br /> Sur�ival ❑� Promises. All promises, agre�men�s, and statements Trustor has made in this Deed af Trust shall
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