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��14�4194
<br /> �EEa �F �rRusT
<br /> L�an No: 'I�1�7��59 ����7tlnued� Page 4
<br /> Compliance w�th Existing indeb#edness e During the peri�d in which any Exis�ing lndebtedness described belvw is
<br /> in ef�ect, camp[iance wi�h the insuranc� p�"OV15fOn5 canta�ned in th� instrument e�rid�ncing such Exist�ng
<br /> Indehtedness sha[i consti�ute �ompliance with the insurance pr�Wisions under fihis Deed of Trust, to th� exten�
<br /> compliance ►rvith the terms of�his Deed �f Trus�k wou�d consti�u�e a duplica�i�n af insurance requirement. If any
<br /> proceeds �r�m the insuran�e become pay.able on lass, the pra�isinns in th�s=Deed af Trust for division of prv�e�ds
<br /> shaZl apply�nly to that portian of the proceeds not payable�a ths haEd�r�#the Existing lndebtedness.
<br /> Trus�tor's Report vn lnsurance. Upon reques� of Lender, h�wev�r not more than ance a year, Trustor sha�l furnish
<br /> to Lender a report �n ea�h �xis�ing policy a� insurance showing: {1} the name of the insu��r; {�} the risks
<br /> insured; �3y the am�unt o� the po[i�y; �4} �he praperfy insured, the then current repiacement �alue of such
<br /> prvperty, and the manner of d�termEning that�alue; and �5} the exp�rativn da�e of th� policy. Trust�r shall, upon
<br /> request of Lender, haWe an independent appraiser sa�isfactory t� Lender determine the cash Walue replacemen�cost
<br /> ofi�he Pr�perty.
<br /> LENDER'S EXPENDtTURES, �f any ac�ion or proc�eding is commenced �ha�would mat�rialfy af��ct L�nder's in�erest in
<br /> the Property ar i�Trus�or �aiEs t❑ comply wi�h any prv�ision of thEs �eed of Trust or any R�lated Documen�s, inciuding
<br /> but not limited ta Trustor's failure to Comp�y with any obli�atian to maintain Exis�ing Indebtedness in �oo�! standing as
<br /> required ��law. �r tv dis�har�e o�-pay when due any amounts Trus�or is required to discharg�or pay under�his Deed of
<br /> Trust �r any Relat�d Documen�s� Lender on Trus�ar's b�half may �but shal[ n�t be ob�igated �o} take any aGt�on that
<br /> Lender deems appropriat�, includin� bu� nv� limited tv d�scharging or paying all taxes, �iens, security irl��!"E.'StS�
<br /> encumbrances and afih�r clairns, a� any time IeWied ar placed �n the Property and paying all costs �or insuring,
<br /> maintainin� and pres�rving �khe Property. All such expenditures incurred ar paid by Lender �or such purposes will �hen
<br /> bear in��rest at�he rate charged under the Not� fram the date incurr�d or paid �y Lender ta the date of repayment by
<br /> Trustor. All such �xpenses ►rvifl become a part of the �n�ehtedn�ss and, at Lender's option, wi�i �A} be payable on
<br /> demand, {B� be added to the balance af the Not� and be apportioned among and be payable with any installmen�
<br /> payments to be�ome du� during ei�her t�� the t�rm of any app[icahle insurance policy; or ��� the remaFning �erm ofi
<br /> the Note; or {C� be treated as a ballaon payment which will be due and payable at the Note's ma�urity. Th� ❑eed of
<br /> Trust alsv wi�l secure paymen� o� these amounts. Such right shall be in addition tv afl other r�ghts and remedies to
<br /> which Lend�r may be entitled upon DefauE�.
<br /> VI!►4,RRANTY; DEFEIVSE�F T1TLE. Th�fallowing provisions relating to awnership nf the Property are a par�of�his C]eed
<br /> o�Truste
<br /> Ti#[e, Trust�r warrants that: �a� Trustvr ha�ds gaod and marketable title of r��ord tv the Property in �ee simple,
<br /> frse and cl�ar af all �i�ns and �ncumbranc�s �ther than thvse set forth in the Real Property descrip�ion vr in the
<br /> Exist�ng Indebtedness section b�1ow or in any title insurance policy, ti�le report. or fiinal �itle opinian issued in fa�vr
<br /> vf, and accepted by, Lender in cannection with this Deed of Trust, and tb} Trustor has fihe ful[ right, power, and
<br /> authority�a execute and deli�er this Deed�f Trust to Lend�r.
<br /> Defens� ❑f Title. Subje�� ta the exception in the paragraph abo�e, Trustar warrants and will fvre�er defend the
<br /> tit�e to the Prap�rty against the law�ful claims ❑�a11 pers�ns. In the e�ent any ac�tion or proceeding is comm�nced
<br /> that qu�stions Trustor's title ar the in�er�st a�F Trustee or Lender under�his aeed of Trust, Trustar sha�l defend the
<br /> act�Qn at Trustor's expense, Trustor may b� �he nom�nal party in such proceedin�, but Lender sha�l be �n�titled t�
<br /> part+cipate �n the praceeding and to be r�presented �n the pra�eeding by couns�l of Lender's awn chvice, and
<br /> Trusfi�r will deli�er, or cause to be deli�ered, fio Lender such insfiruments as Lender may request�rom fime to time
<br /> tv perrnit such participatian.
<br /> Campl�anc� V11ith Laws. Trus�ar warrants that th� Property and Trust�r's use o��.he�Prc�p�rty.c�mpl.i�s with .afl � - � :
<br /> exis�tng app�icable laws, ardinances, and regulatians af gov�rnm�n�al authori�ies� �
<br /> Survirra! of Representatians and VIlarranties. All represen�tations. war�anties, and a:greements_made-by Tr_ustor in
<br /> this Deed of Trus�r shall sur�i�e the execution and delivery of this Deed of Trust, shal� be con�inuing in nature, and
<br /> shali remain in full�orce and etf�ct until such time as Trustor's Indebtedness shall be paid in full.
<br /> EXIST'!N� INDE�TEDlVESS. The following provisions concerning Existing Indebtedness are a part o�F this Deed of Trust:
<br /> Existing Lien. The [ien af this Deed a� Trus� s�curing the Ind�b�edness may be secondary and inferiar to an
<br /> ex�sting lien. Trustor expressly co�enants and agr�es �o pay, or see �o the payment❑�, �he Exis�ting lndebtedness
<br /> and to prevent any default❑n such �ndebtedness, any c�e�ault under th� instrurnents evidencing such ind�b�edness,
<br /> ar any defau�t under any security dacumen�s far such indebtedness.
<br /> No Modification. Trus�o� sha[I no�t enter inta any agreemenf �rvith the holder of any mortgage, deed of trust, or
<br /> v�ther security agreement which has privrity ❑ver �his ❑eed of Trus� by wh�ch tha� agreement is mQdi�ied,
<br /> amended. ext�nded, or renewed wi�haut �h� prior written cvnsent af Lender. Trustor shall nei�her request nar
<br /> accep�any future adWances under any such se�urity agr�ement wi�h�ut�he privr wri��en c�nsent of Lender.
<br /> C4NDEI�IINATiaN. The following provisions reIatsng�o condemnatian praceedings are a part of this Deed of Trust:
<br /> PrQceedings. I� any pra�eeding in cQndemna�ion is filed, Trustor shali promptly noti�y Lender in wri�ing, and
<br /> Trus�ar shafl pramptly take such s�eps as may be necessary to defend �he action and abtain the award. Trus�or
<br /> may be the naminal party in such proce�ding, but Lender shall be entit[�d to part�cipate in fhe pro�eeding and to be
<br /> represen�ed in the pro�eeding by �ounsel of its own choice, and Trustor w�ll deliver ❑r cause to b� deli�ered �o
<br /> Lender such instrumsnts and dacumenta�tion as may be requested by Lender fr�m tim� ta time to permi�t such
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