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<br /> DEE� �F TRUST
<br /> tC��1t[nued� Page 3
<br /> a�ts, in adr�ition ��those acts set�arkh abo�e in this sec#ion,which fram the character and use a�the P�aperty are
<br /> r�asonably necessary to protect and preserve the Proper�y.
<br /> TAXES AND LIENS. The following pro�isions relating tv the taxes and liens an �he Property are par� of this De�d flf
<br />� Trust:
<br /> Payment. Trustar sha�1 pay vuhen due �and in all e�e�ts priar to delinquency}ail taxes, special �axes, a�sessments,
<br />. charges (including water and sewer}, fines and �mpositians le�ied aga�ns�or on a��ount of the Property, and shall
<br /> pay when due al� claims for w�rk done �n or for services rendered or mate�ial furnished t� the Property. Trustor
<br /> shal� main�ain the Prop�r�y free of all l�ens ha�ing priarity a�e�or�qua[ ta the interest of Lender und�r#his Deed of
<br /> Trust, except �or the lien o� taxes and assessments not due, excep� fivr �he Exis#ing Ind�btedness referred �a
<br /> below, and exeept as a#henrvise pro�ided in this De�d af Trust.
<br /> Right ta Con��s#. Trus�or may withhold paymen�of�ny tax, assessment, or claim in connect[�n with a good faith
<br /> � dispute��er the obl�gation �o pay, so Iflng as L�nder's �nferest in #he Prope�#y is nat jeapardized. !f a lien arises or
<br /> is fi�ed as a result.-of�nan�aymen�, Trustor shall within fifteen (�5} days �after the lien arises or, if a lien is fil�d,
<br /> within fift�en �1�} days after Trustor has notice of �he filing, secure �he discharge of the lien, ar if requested hy
<br /> Lender, deposit w�th Lender�ash or a sufficient corp�rate surety band or other security safisfactory to L�nd�r in an
<br /> amount sufiFicien�to discharge�he lien p�us any cvs�s and attorneys'fees, or a�her charges that could a�crue as a
<br /> resul#of a foreclosure o�sale under the��en. in any con�es#, Trustor shall defend itse��and L�nder and shal[ satisfy
<br /> any ad�e�se judgmen�b�far� enfarcement against the PrQperty. Trus�vr shall name Lender as an additionai ob�igee
<br /> und�r any surety band furn�shed in the con�est proceedings.
<br /> E�idence a�Paymen#. Trustor shall upon demand furnish to Lender satisfa�tory e�idence o�payment o�the�ax��
<br /> or assessments and shal� au#hori�e�he appropria#e go�ernm�nta� official t� deli�er to Lender at any time a wri#ten
<br /> statement❑�the taxes and assessments agains�the Prnperty,
<br /> Noti�e o�Constructivn. Trustar sha�l notify Lend�r at Ceast fiifteen �'i 5} days before any wark is c�mmenced, any
<br /> services are fiurnished, or any ma#eria�s are supplied tv the Property, if any me�hanic's lien, materialmen's lien, or
<br /> other lien could be asser�ed on account af the work, se3vices, or mat�r�als. Trustor will upon request of Lender
<br /> furn�sh �o Lender adVance assurances satisfa�fory to L�nder that Trustor �an and will pay #he cost af such
<br /> �mpra�ements.
<br /> PR�PERTY DAMA�E 1NSURANCE. The fallowing provis�ons relating �o insuring �he Prope�ky are a par�o�f this Deed of
<br /> Trust.
<br /> Main#enance vf lnsurance. T�ustor shall proeure and mainta�n p�licies of fr� insurance with s�andard extended
<br /> co�erage endorsemen�s on a �-eplacement basis fo��he full insurab�e �alue co�ering al1 lmprovem�nts on the Rea!
<br /> Proper�y in an amaun� sufficient tv avoid app�ication o� any cainsurance c[ause, and with a standard mor�gagee
<br /> clause �n fa�or of Lender, t�ge�her with such o�her hazard and liability insurance as Lender may reasanab[y requi�e.
<br /> Policies shall be written in form, amoun�s, co�erages and basis r�asanab�y acceptable to Lender and issued by a
<br /> company or companies r�asonably acceptable �o Lender. Trus�o�, upon request o� Lender, wil� deli�er �❑ Lender
<br /> from fime to time the po[icies or certificates of�nsurance in form satis�actary to Lender, inc�uding stipu�at�ons tha�
<br /> caverages wili not b� Gancelled or dimin�shed w��hout a� least ten t'1�} days prior writ�en notice ta Lender. Each
<br /> insurance policy afso sha�l include an �ndorsement pro�iding thaf�o�erage in fa�ar of Lender wil� nat be impaired
<br /> � �n �ny�ay �y any a��, vmission or defau�t o�Trustor or any other person. Should the Rea! Prop��#y be �ocated in �
<br /> an area designated hy the Administratvr ofi�h� Federal Emergency Management Agency as a speciai fl�od ha�ard
<br /> area, Trustor agr�es to obtain and maintain Fede�-a[ Flood lnsurance, if a�ailable, �ar �he maximum amoun� of
<br /> Trust�r's eredit line and the�ui� unpaid prin�ipai balan�e of any prior I�ens on the prop�rty seeuring the loan, up to
<br /> the max�mum p�licy limits set unde�the Nationa� Flood Insurance Program, or as o�herwise r�quired by Lender, and
<br /> - tv maintain such insurance f�r the term of�h�foan.
<br /> Appli�a#�on vf Proceeds. Trustor shall promp#ly notify Lender o�any foss or damage �o the Properky. Lender may
<br /> make proof vf [oss if Trustvr �fa�ls to do so within fifteen ��5} days of the casual�y. Whe#her or not Lender's
<br /> security is impaired, Lender may, at Lender's e�ection, r�cei�e and retain th� proceeds of any insurance and apply
<br /> th� proceeds ta �he reduction of#he lndebtedness, payment of any �ien affecting the Prop�rty, o�-the restoratian
<br /> and repair o�the Proper�y. If Lender eiects to app�y the proceeds �v res�oratian and repair, Trus��r shali repair or
<br /> replace �he damaged or des�royed Impro�ements in a manner sa��s�actory to Lender. L�nder shal�, upon
<br /> satisfactvry proo� of such �xpendi�ur�, pay o� re�mburse Trus�or from �he proceeds fvr #he reasonable c�st of
<br /> repair or resto�ation i� Trustor is nat in defauit under this Deed o# T�ust. Any proceeds which ha�e not been
<br /> disbursed wi�hin 18fl days afte�their receipt and which Lend�r has nv� committed tv the repair ar restora�ian of
<br /> fihe Properky sha�l be used first to pay any amount�wing tv L�nder under this De�d of Trus�, th�:n t� pay ac�ru�d
<br /> interest, and the �emainder, if any, shafl be applied t� the principal balance o�the Indebtedness. If Lender holds
<br /> any proceeds after paym�nt in full of th� lndebtedness, such proceeds shail be paid to Trustor as Trustor's
<br /> interes�s may app�ar. �
<br /> Cvmpliance wifh Exis�ing lndehtedness. During the period in whi�h any Exis�ing Indebtedness described below is
<br /> 'tn eff�ct, compi�ance with �he �nsurance pra�is�ons con#ained in the instrument e�idencing such Existing
<br /> Indebtedness shall �onstitu�e compliance v+ri�h the �nsurance pro�isions under this Deed af Trust, ta the exten�
<br /> compliance with the ��rms Qf this Deed o�F Trus� would cons�itute a dupl�cat�on o� insu�ance requiremen�. I�f any
<br /> proeeeds from the insurance become payab�e on �ass, �he pro�isions in this Deed of Trust for di�ision af proceeds
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