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��14��739
<br /> ��ED �F TRUS�'
<br /> ��vnt�nued} Pa�e 4
<br /> �ampl�ance wi#h Exist�ng �nd�h�edness. During �he periad in whi�h any Existing Indebtedness described belaw is
<br /> in e�Fe��, camplian�e wi#h �ne insurance p�v�isians can#ained in �he instrumen� e�idencing such Existing
<br /> �ndeb�edness shall constitute compliance with the insuranc� pro�is�ons under this Deed of Trust, �o the extent _
<br /> compliance with the terms of fhis Deed of Trus� would constitu#e a dupl�ca#ion �f insuran�e requ�r�ment. If any
<br /> proc�eds from �he`insurance become payab�e on �oss, �h� pro�isians in th�s Deed a�T�us�for d��ision of prviceeds
<br /> shall apply oniy to that por�ion of�he praceeds not payabie to the holder of the Exisfing lndebtedness.
<br /> LENDER`S EXPENDITURES. if Trustor fai�s �A} to keep #he Property free v� al� taxes, ���ns, secu�ity in�erss�s,
<br /> encurnb�ances, and other claims, �B} to p�o�ide any required insurance on the Proper�y, ��} to make �epairs to #h�
<br /> Proper�y or tv compiy v+rith any obligat�on �to mainta�n Exis�ing Indebtedness in gaad standing as requi�ed b�IQw, th�n
<br /> Lender may do so. Ifi any ac#�c�n or proceeding is commenced that wou�d materially affect Lender's in�e�ests in th�
<br /> Proper�y, then Lender on Trusta�'s beh�(f may, but �s no� requ�red to, take any acti�n #hat Lender belie�es to be
<br /> appropria�e tfl p�otect Lender`s interests. A�� expenses incur�ed ❑r paid by Lender for such purposes will �h�n bear
<br /> interest at the ra�e charged urr�er the ��edit Agreemen� fram the date incur�ed or paid by Lender to the date af
<br /> repaymen� by T�ustor. AI[ such expenses wil� �ecame a par�of the �ndebtedness and, at Lender`s option, will �A} be
<br /> payable on demand; �B} be added to �h� balan�e of the Credit Agreement and be appartioned among and be payable
<br /> with any instaliment payments ta become due dur�ng ei�h�r �1} the�erm af any applicabie insurance pol�cy; or �2} #he
<br /> r�emain�ng te�-m o�the �redi�Agreement; or �C} be trea#ed as a bafloon payment which v�rill be due and payable at the
<br /> �redit Agreement's maturity. The Deed of Trust a�so will secure paymenf o��hese amoun�s. The rights prflvided for in
<br /> �his parag�aph sha�l be in addition to any other rights or any remedies to whi�h Lender may be entitled on account of
<br /> any defau�t. Any such a�tion by Lender sha�! not be construed as curing the defaul� s� as to bar Lender from any
<br /> �emedy that i�atherwis�would have had. -
<br /> VITARRANTY; DEFENSE�F T�TLE. The�allow�ng pra�isians rela#�ng �o ownership of the Properky ar� a park af this Deed
<br /> af Tru st:
<br /> Tifie. Trustor warrants that: �a} Trust�r ho�ds goad and markefable t�tle af record �v the Proper�y in �ee simple,
<br /> �ree and clea�of a11 liens and encumbrances o�her �han �hose set �or�h in the Real Prope�#y descript�on or in the
<br /> Existing lndebtedness section below or in any title insurance policy, #i#I� reporf, or final fiitie opinion issued in fa�or
<br /> of, and accep#ed by, Lend�r in connec�i�n with �his Deed of Trust, an� �b} Trus�or has �he ful[ righ�, powe�, and
<br /> aufihori�y to execute and deli�er this Deed ❑f Trust t�Lend�r.
<br /> Defense v�Title. Subjec� to the exception in the paragraph abo�e, Trustor warran#s and wi�l fare�er defend �he
<br /> ��tle t�the Prop�rty ag�inst�he la�ul claims of al� persons. ln �he event any ac�ion ar p�aceed[ng is commenced
<br /> �ha�questions Trus�ar's title or the interes�of Trust�e or L�nder under�his Deed o�Trus�, Trustor shall defen�l �he
<br /> action at Trustor's expense. Trustor may be the nominal party in such proce�d�ng, but Lender sha11 be ent�t[�d �o
<br /> parti�ipa�� �n the proceeding and to b� represen�ed in �he proce�ding by counse! vf L�nder's own cho�ce, and �
<br /> Trustor wil! del��er, or cause�v be de�i�ered, to Lender such instruments as Lende�-may reques�firom time to time
<br /> �o pe�mit such pa�ti�ipation.
<br /> Cvmplian�e With Laws. Trustor warrants that �he Proper�y and Trus�or's use of �he Property compl€es with ali
<br /> exist�ng appii�able [aws, ordinances, and regulations of go�ernmental au�hori�ies.
<br /> Surv��al vf Prom�ses. A�1 prom�ses, a�reements, and s�atements Trustor has made in this Deed of Trust sha[I
<br /> sun�i�e the executian and de�i�ery of this D�ed o�Trust, sha[I be cont�nuing �n na�ure and shal� remain in full��rce
<br /> and effect unti[su�h��me as Trus�o�'s lndebtedness is paid in fu�l.
<br /> . E�CfST1NG INDEBTEDNESS. The following pro�isions concerning Exis#ing Indeb#edness are a pa�t o�this Deed of Trus�:
<br /> Exist�ng L�en. The [ien of this Deed vf Trust securin� the Indeb�edness may be secondary and inferiar ta an �
<br /> existing lien. Trus�or expressly co�enants and ag�-ees to pay, ar see to the paym�nt vf, the Exist�ng Indeb�edness
<br /> and to pre�ent any defaul#�n such indeb�edness, any default und�r#he instruments e�idencing su�h indebtedness, .-
<br /> or any default under any security documents�or such indebtedness.
<br /> No Nffldification. Trustor shall no� ent�r in�o any a��eemen� wi�h the halder o� any m�r�gage, deed of trusfi, or
<br /> o�her secur��y agreement wh�ch has priori�y o�er this aeed of Trust by which that agr�emen� is madified,
<br /> amended, extende�l, or renewed without �he prior wri�#t�n consen� af Lender. Trustor shal! nei�her request nor
<br /> accepf any�uture ad�ances under any such securi�y agreem�nt without the priar wriften consent of L�nder.
<br /> C�NDEMNAT�aN. The following pra�isians relat�ng'�v condemnation praceedings are a par�of th�s Deed of Trus�:
<br /> � Proceedings. lf any proceeding in condemna�ion is f 1etl, Trustor shall promp#ly no�ify Lende� in wr�ting, and
<br /> Trus�or shall promptly take such steps as may be neGessary to defend th� act�on and �btain the award. Trus�or
<br /> may be the naminal par�y in such pro�eeding, bu#Lender sha[I be entitled to participa�e in th�proceeding and to be
<br /> represen�ed in the proceeding by counse� D� 1�5 own �hoice, and Trustar will de�i��r or cause to be deli�e�ed to
<br />� Lender such instrumen�s and dacumentation as may b� requested by Lender �rom time �o time to permit such
<br /> participation.
<br /> Appl�cation of Net P�oc�eds. If ail ar any par�of�he Proper�y is �ondemned by em�nen�domain proceedings or by
<br /> any praceeding ar purchase in li�u o�condemnation, Lender may at ifs election requir�that all or any portian of th�
<br /> ne� proceeds of �he award be app�ied t� the �ndeb�edness or fhe repair or restvratiQn of �he Property. The net
<br /> proc�eds o�the award shall mean the awa�d after payment af a!I reasvnable cos�s, expenses, and at#orneys'fees
<br /> incurred by Trustee or L�nder in connectinn wi#h�he condemna#i�n.
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