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f x ��14�5543 DEED �F TRU�T Lvan Nv: 'l��7897� �C�ntinued� Page 4 in e�fect, compliance wi�h �he insuranGe pro�isions contained in the insfirumen� eWidencing such Exis�ing Indeb�edness shall cans�i�u�e compliance with the insurance pro�isi�ns under this I�eed of Trus�, to �he extent compliance wi�h the �erms ofi�his Deed of Trust wflu[d constitute a duplication a�F insurance requirement. If any praceeds �rrom th� insurance become payable on [�ss, the pro�isivns in this Deed of Trust�ar di�ision v� prv�eeds shall apply only�o that port�on o�the proceeds not payable t❑�he ho[der of the Exis�ing lndebtedness. . LENDER'S EXPEND�TURES. If Trus�or fails {A} to keep the Praper�y free vfi all �axes, liens, securi�y in�erests, encumfarances, and oth�r claims, �B� ta pro�ide any required insurance ❑n �he Prvperty, {C� to make repairs �❑ fih� Pr�pe�ty or�o comply with any ohligafiivn �❑ maintain Existing lndeb�edness in good standing as required belvw, then Lender may d❑ so. I� any acti�n or proceeding is commenced tha� w�uld material�y af�ect L�nder's in��r�s�s in the Prvperfiy, then Lender on Trustar's behalf may, laut is no� required fiv, take any action that Lender belie�es t❑ be appropriate to prntect Lender's int�rests. All expenses incurred vr paid by Lender for su�h purp�ses will �hen bear in�eres� a� �he rate charged under the Note �from �he da�ke incurred ❑r patd by Lender to �he da�e of repaymen� by Trus�ar. AEI such expenses will hecome a part o�the Indeb�kedness and, a� Lender's op�ion, will �A} be payable vn demand; tg} be added t❑ the ba[ance o� the Note and be apportianed amang and 1ae payal��e w�th any �ns�a�Ement payments t� becvme due during ei�her �'1} �he�erm ❑f any applicabEe insurance poficy; or �2� the remaining term ❑f �he Note; ar {C� he�kr�at�d as a baiEoon payment which will be due and payable at�he Note's maturi�y. The ❑eed vf Trust also wifl secure paymen� ❑f these amvun�s. The righ�s pro�ided far in �his paragraph shali be in addi�ion t❑ any ather righ�s or any remedies t❑ which Lender may be entit�ed ❑n account o� any default. Any such a�tion by Lender shall not be construed as curing the de�au�t so as ta bar Lender from any remedy tha�k it❑�herwise would ha�e had. �JVARRANTY; DEFENSE�F TITLE. The fallow�ng pr��isions relating�o ❑wnership❑�the Praperty are a part of�his Deed o#Trust: Ti�le. Trustor warrants that; {ay Trustor holds good and marketa�le �title �f recvrd to the Prvper�y in �Fee simpl�, free and clear flf al� iiens and encumbrances ❑ther than those se�for�h in the Real Property description or in the Exis�ing �ndehtedness section below or in any title insurance paiicy, �itle repvrfi, vr final fii�le opinivn issued in �a�ar of, and a�cep�ed by, Lender in connect�on with �his Deed of Trust, and {by Trus�or has �he full righ�, pvwer, and aufiharifiy�a exe�ute and d�[i�er this Deed of T�ust t❑ Lender. Defense of Ti�le. 5ubjec� to �he �xcep�ion in �he paragraph abo�e, Trustar warrants and will fore�er defend the titie #❑the Property against�he law�ul claims af all persons. ln the e�ent any activn vr pra�eeding is commenced that questians Trustp�-'s fiifile ❑r�he interest of T�ustee or Lender under�his D�ed �f Trust,Trus�or shal! d��end the action afi Trus�vr's expens�. Trusto�- may be the nominaf party in such praceeding, }�ut Lender shall be en�i�led tv participa�e in �khe proceeding and fi❑ be r�presented in the proceeding by counse� of Lender's ❑wn ch�ice, and Trustor will defiver, ❑r cause�❑ be deli�ered, �o Lender such instruments as Lender may request�rom fiime to time �o permEt su�h participation. Cvmpliance 1Ni#h Laws. Trus�or warran�s that the Property and Trustor's use ❑f the Praperty complies wi�h all exisfiing applicable laws, ardinances, and regulations ot go�ernmental authorities. Sur►ri�al o� Prvmises. All promises, agreements, and statements Trus�vr has made in this ❑eed of Trus� shall sur�i�e the exe�ution and deliWery❑�F this Deed of Trust, shall be con�inuing in nature and sha[[ remain in full �orce and effect untif such time as Trus�ar's Indebtedness �s paid in fiu[I. E�CISTING INDEBTE�NESS. The�Fvllowing pro�isEons concernEng Exis�ing Indebtedness are a par�❑-�this aeed o�f Trus�: Exis�ing Lien. The lien vf fihis Deed ❑f Trus� securing the Indeb�edness may be secondary and in�erior �o an existing lien. Trustor expressly co�enants and agrees �o pay, ❑r see to the payment v�, the Existing lndebtedness and�❑ pre��nt any default on such indebtedness, any defaul�under�he instruments e�idencing such indeb�edness, ❑r any defaul�under any security do�uments�or su�h indeb�edness. No Mad��Eca�ion. Trustor shall not en�er in�o any agreement v+rith the hoide� of any mortgage, deed vf trusfi, ❑r �ther security agreemenfi which has priarity ❑�er this Deed of Trust by which �ha� agreemen� is modified, amended, extended, vr renewed without �khe prior written c�nsen�t ofi Lender. Trustor sha1� neither request nor accep�any fu�ure ad�an�es under any such security agreement withvut the prior wri�ten cvnsent vf Lende�-. CDNDEiVINAT�QN. The fallawing pro�isions relating tv Gondemnativn praceed�ngs are a part v��hfs Deed of Trust: Prviceedings. I� any proceeding in c�ndemnafiion �s -�iled, Trustar sha[! prompt[y noti�y Lender in writing, and Trustor shall prvmptly fial�e such steps as may be necessary �ko defend the action and vbtain �he award. Trus�ar may be the nomina[ par�y in such pro�eeding, i�ut Lender shall 1�e en-�itled fio participafie in�he prviceeding and fi❑ be represented in the prviceeding by caunsel ❑-� i�s ❑wn �hoi�e, and Trust�r wil[ deli�er or cause �❑ be de�i�ered to Lender such inst�-uments and do�umentafiion as may be requesfied by Lender from �ime to fiime to permit such partEcipation. Appli�a�ian of Net Prviceeds. If all ❑r any part af�he Pr-oper�y is candemned by eminent domain proce�dings or by any praceeding vr purchase in lieu of condemnativn, Lender may a�its e�ection require fiha�all ❑r any pvr�ivn o�th� net prviceeds v� the award 1ae appli�d t❑ �he lndeb�edness or �he repair ar res��ration af the Property. The net proc�eds �f the award shall mean the award af�er payment ❑�f all reasonable costs, expenses, and attarneys' �ees Encurred by Trustee or Lender in connec�ion with�he cvndemnation. IMP�S�Ti�N �F TAXES, FEES AND CHARGES BY �OVERN1VlENTAL ALITH�RITIES. The following pr��isions rela�ing