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� ��14�7�9� DEED �F TRUST Loan Nv: 'l�'1��'i 3�3 �Contillu�d} Page 4 � Properfiy in an amaun� suffic�ent ta a�otd applicativn o� any cvinsurance clause, and with a standard mortgagee clause in favvr of Lender. Trus�or sha11 als❑ pracu�-e and mainfiain comprehensi�e general liabi�ity insurance in such coverage amaunts as Lender may request wi�h Tr-us�ee and Lender being named as addifiiona[ insureds in such f�a�iLity insurance pvlicies, Additianafly, Trus�or sha[l main�ain such o�her �nsuranc�, including bu� nv� limi�ed to ha�ard, business interruption, and boiler insurance, as Lender may reasonably require. Pvlicies shall be written in farm, amoun�s, co�erages and basis reasonably acceptahle tv Lender and issued by a company or cvmpanies reasanab[y ac�ep�able to Lender. Trustorr upon request ❑f Lende�-, wi[1 deliWer to Lend�r �rom time tv tEme fihe policies vr certi�icates of insurance in-Form satisfactary to Lender, including s�ipulativns tha�co�erages will not be � �ancelled ar diminished wi�hvut at feast ten {'�d} days priar wr3tten nvtice fi❑ Lender. Each insuranc� pa�icy als❑ � shall include an endorsement pro�iding that co�erage in favor af Lender w�ll not be �mpaired in any way by any acfi, omission ❑r defaul� af Trustor vr any o�her persan. 5hvu�d the Real Properky be lo�ated in an area designa�ed by fihe Administrator of the Federal Emergency Management Agency as a specia!�[ood hazard area,Trus�ar agrees�a af�tain and main�ain Federal Flavd Insu�ance, if a�ailabie, within 4� days after notice is gi�en 1ay Lender tha� the Property is located in a specia!fload hazard area,far the full unpaid principal halanGe of the loan and any prior l�ens on�he prvper�y securing�he�oan, up ta the maximum pal��y limi�s set under the Na�ional Fioad lnsurance Program, ❑r as o�herwfse required by Lender, and ta maintain such insurance for the term of the�oan. AppEi�ativn vf Proceeds. Trustor shall prompfily noti�y Lender o�F any [vss or damage�a�he Property. Lender may make proo� ❑f �D55 i� Trusfior �ails �o da sa within �ifteen �'15} days of the casualty. Whether ar n�t Lender's securifiy is impaired, Lender may, at Lender's e[e�tivn, receive and retain�he proceeds ❑f any insu�rance and app�y �he proceeds to �he reduction vf the lndebtedness, paymen� af any l�en afFecting fihe Prvperky, or the restora�ian and �-epair af�he Prop�rty, !f Lender elects to apply the p�o�eeds t❑ restara�ian and r�pair, Trustor shall repair or replace fihe damaged or des�rayed Imprv�emen�s in a manner satisfactory tv Lender. Lender shall, upon satis�actory prvaf o�f su�h expendi#ure, pay ❑�- reimlaurse T�ustor fram �he proceeds for �he reasonable cost ❑f � repair v�- restoration if Trustor is no� in de�ault under this Deed o� Trus�. Any praceeds which ha�e na� been ' disbursed v►rifihin �8D days a�-ker�kheir receip� and which Lende�- has nv� commit�ed to the repair ❑r restara�ion af the Properky shall be us�d firsfi fiv pay any amaun� ❑wing to Lender under this Deed af Trust, then ta pay accrued Enterest, and the rema�nder, if any, sha[[ be app[ied to the prin�ipaf balance of�he lndebtedness. I� Lender holds � any proceeds af�er payment in �ull o� the Indeb�edness, such proceeds shall be paid tn Trust�r as Trus�or's interes�s may appear. � Trus�vr's Repark vn Insurance. Upon request❑f Lender, howe�er not mvre than ❑nce a year, Trustar shali furntsh to Lender a repart ❑n each existing pnlicy ❑� insurance showing: ��} the name ❑f the insurer; {2} fihe risks � insured; t3} th� amvunt o� �he pol�cy; {4� the praperty insured, the then current replacemen� �alue af such p�-operty, and the mann�r of determining that Walue; and ��} the expira�ion date ❑f�he policy. Trustor shalf, upon k reques��Lender, ha��an independen�appraiser satisfactory t� Lender determine the cash�alue replacemen�cost � of the Pr�perty. � LENDER'S E�CPEND�TURES. lf any action ❑r proceeding is c�mmenced�ha�wau�d ma�erially afFect Lender's in�erest in � #he Property ar i�Trustor-�aifs to comp�y with any pro�isian o�th�s Deed a-�T�ust❑r any Related Documents, including �ut no� limi�ed �v Trustvr's fai[ure to discharge or pay when due any amvunts Trustor is required ta discharge or pay under this Deed of T�-ust❑r any Related Do�uments, Lender on Trustar's behalf may 4k�ut shall not be obligated to��ake any action �hat Lender deems appropria�e, including but nvt iimited tv discharging ar payin� all taxes, liens, security interests, encumbrances and other cEaims, at any time �e�ied or p[aced on the Proper�y and paying all costs for insuring,� � main�aining and preser�ing the Praperty. All such expenditures incurred or paid by Lender fvr such purposes will then bear in�erest at the ra�e charged under�he Note from the date incurred ❑r paid �y Lender t❑�he date of repaymen� 1ay Trustor. All such expenses wiif become a part ❑f the lndebfiednsss and, at Lender's ❑ptivn, will �A� be payable an d�mand; �B� be added ta the balance of the Nate and be appartioned amang and be payable with any installment payments t❑ became due during either �'1} the term of any applicable insuran�e policy; or �2} �he remaining �erm of the Na�e; or �C} be treated as a h�alfoon paymen�which will be due and payable at the Nate's maturity. The Deed o� Trust alsv will secure paymen� a� thes� amounts. Such righfi sha�i be in addition �o a![ vther rights and remedtes �ko ` whi�h Lender may be entitled upvn Default. WARRANTY; DEFEIVSE�F T1TLE. The fofiowing pro�isions relating to ownership❑f fihe Praperty are a pa�o�fihis Deed o�Trust: - Ti�le. Trustvr warran�s that: �a� Trustar holds gvad and marketabfe ti�le of recard tv the Property in fee simp3e, free and �Iear of a�! liens and en�umbrances ❑ther than those set�or�h in the Real Property desc�ip�ion or in any title insuranc� policy, titfe report, or �inal title opinian �ssued in �ra�or vf, and accep�ted by,. Lender in �onnec�ion with fihis Deed o�Trust, and {b}Trus�or has fihe�ull right, power, and authority to execute and deli�er this Deed ❑� Trust to Lender. ❑efense o�Title. 5ubject to �he exc�ptivn in the paragraph abo�e, Trustar warrants and will fo�re�er defend the � titl�ta the Prop�rty against the Eaw�ul claims of all persons. ln�he e�en�any action flr praceeding is commenced that quesfiions Trustar's title or�he in�erest o�Trus�ee ar Lender under this Deed a�T�-ust,Trus�ar shalE de€end the ; acfiion at Trustar's expense. T�-us�or may b�the nominai party in such proceeding, but Lender shal[ be enti�l�d t❑ parfii�ipate in the praceeding and �t❑ he represented in the praceeding �y cauns�! o� Lender's �wn cho�ce, and � Trus�vr will de��ve�-, or caus�ta he deli�ered, to Lender such instrumen�s as Lender may r�quest fram time�❑time tv permit such participation.