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i I ��14�7�95 , � I3EE[� �F TRUST * . � Loan Nv: ��1�5'13�� {C�nt�nued} Page 4 ; Property in an amount suff�cEen�.�❑ a�aid app�icativn vf any cvinsuran�e �lause, and with a standard mortgagee ��ause in fa�or o-�Lender. Trustor shall also pra�ure and maintain ��mp�ehensi�e genera[ liabififiy insurance in such co�erage amounts as Lender may rsques� with Trustee and Lende� being named as addi�ional insureds in such liability insurance po[icies. Addi�ionally, Trus�tor shall maintain suGh o�her insurance, including but not [imited �❑ hazard, lausiness in�erruption, and hailer insuran�e, as Lender may reasonably requ�re. Po�i�ies shall be writren in farm, amountsr co�erages and k�asis reasonably accep�kabfe ta Lender and issued by a c�mpany vr c�mpanies reasonably a�ceptable �o Lender. Trustar, upon �equest o� L�nder, will deIi�er fio Lender fr�m time to �ime the p�licies or cer�ificates o�r insurance En-�orm satis�Factory to Lender, including sfiipu[ations that ca�erages wil� nv��e ' can�elled or dimin3shed withou� at least �en t��y days prtar writ�en nofiice fio Lender. Each insurance palicy alsv � shall inc[ude an endarsemen�prov€ding�hat cv�erage in fa�ar❑f Lender v+ri![ no�be impaired in any way by any act, ' omissEon or default ❑f Trustor or any vther persan. Should the Rea! Property be �oca��d in an area designated hy the Administrator of the Federal Emergency 1Vlanagement Agency as a specia{�lovd hazar-d area, Trus�or agrees�a ❑b�tain and maintain Federal Fload �nsurance, i� a�ailable, with�n 45 days after notice is gi�en �y Lender�hat the P�-operty is lvcated in a special�load hazard area,far�he�ull unpaid principai ba[ance of fihe loan and any prior fiens on�h� property se�uring the foan, up to�he maximum pvlicy�imi�s set under the Nativna[ Flovd lnsuran�e Program, � ❑r as ath�rw3se required by Lender, and to maintain such insuran�e far the term❑f the[oan. Appficat�an of Praceeds. Trus�ar sha�[ prvmp��y nofiify Lender❑�any loss vr damage ta fihe Prvpe�ty. Lender may , make praa� af �vss if Trustar fails fio do s� wi�hin �f�fteen �'�5} days af the casual�y. Whether ar not Lender's securi�y is impaired, Lender may, a�Lender's electivnr re�ei�e and retain�he proGeeds o�any insurance and apply ; the proceeds fia the reduc-�ion o�the lndebtedness, paymen� ❑f any Eien affecting the Praperty, or the restaratian and repair of the Prap�rty. �f Lender elec�s fio apply the proceeds to res�vra�ion and repaEr, Trustor shall repair ❑r replace th� damaged or destroyed lmpro�ements in a manner satisfac�vey tv Lender. Lender shafl, upvn satis�actv�y prvo� af such exp�nditu�-e, pay �r reimburse Trustar �rom the proceeds �or the reasonable cos� of � �-epair or restoration if Trustor is not En default under this Deed of Trust. Any proc��ds which have not been � • disbursed within '�8D days afker their receipt and which Lender has not commit�ed �a #he �repair or restoratian of � �he Property shall be used first�o pay any amount awing �a Lender under this ❑eed ❑f Trus�, �hen �❑ pay accrued interest, and the remaFnder, if any, shall be applied fio fihe prinGipa[ balan�e vf�he {ndebfiedness. lf Lender hvlds any proceeds after payment in ful� nf �he lndebtedness, such proceeds sha�! be paid to Trus�or as Trustor's interests may appear. Trustor's Repart an Insurance. Upon r�quest af Lender, howe�er no� more�han once a year, Trusto�shaEl �urnish �❑ Lender a report on each existing policy of �nsurance showing: {�} the name �f �he insurer; �2} �he risks ' insured; �3} the amoun� o� the palicy; �4} the property insured, �he �hen current replacement value of such proper�y, and the manner af determinin� that Walue; and �5} fihe expiration date of the pvlicy. Trust�r shall, upon requ�s�❑f L�nd�r, hav�an inde�endent appraiser satisfac�ory to Lender determine�he cash value replacemen�cost j v�the P�-vperty. � LENDER'S EXPENDITURES. !�f any ac�ivn ar proceeding �s commenced tha�wou�d ma�erially affect Lender's interesfi in , the Prvperty or i�Trust�r�ails to comp�y with any provFsion o�f this Deed ❑f Trust or any Related Documents, including but not l�mi�ed to Trus�or's faiEure ta discharge vr pay �rvhen due any amvunts Trustor is �-equired to discharge or pay under this ❑eed of Trust❑r any Related Dacuments, Lender on Trustor's behalf may �bu�shali not be ❑bligated to} �ake any activn �hat Lender deems appropriate, inc�uding bu� not limi�ed t� dis�harging or paying al� �axes, liens. security in�eres�s, encumbrance� and other Glaims, at any time l�vied or pfaced on�he Proper�y'arid paying all c�sts for insuring, maintaining and prese��ing the P�roperty. All such expenditures incurred or paid by Lender for such purposes wi�C then , bear in�erest a��khe �-ate charged under�he No�e �ram �he da�e incurred ar paid hy Lender�o the date of repayment by ; Trustar. All such expenses wilE become a part of the Indeb�edness and, a� Lender's vpfiion, wi11 {A� he payabfe on , demand; �B} be added to �he balance o� the No�e and be appo�-tioned among and be payab�e wi�h any installmen� paymen�s �❑ become due during either �'1� the term ❑�any appli�able insurance palicy; or �2y the remaining term ❑f the Note; or tC} be t�-eated as a balloon payment whEch wi�l be due and payable a�the Note's maturi�y. The Deed af Trust als❑ wilf secure payment of these amvunts. Such righ� shall t�e in addition ta al� o�he�- �ights and remedies ta which Lender may be ent�fi[ed upvn Defau�t. ' VtiIARRANTYY ❑EFENSE�F T�TLE. The��Iowing pro�isions relating-�v❑wnership of the Property are a part❑��his ❑eed vf Trus�: � Ti�le. Trustor warranfis fihat: {a� Trust�� hvlds govd and marketab�e�it[� ❑f �-ecord �o �he Proper-�y in �ee simple, -��ee and c1ea�- v� ail liens and encumbrances ather than those sefi fvrth in the Real Prvperty descrip�ion or in any . , tit�e insurance p��y, title report, ❑r final title apinian issued in �a�or af, and a��ep�ed �y, Lender in cvnnecfiion � with this aeed ❑f Trust, and �by Trustar has the�ull righ�, pawer, and au�hority to execute and deli�er this Deed of ; Trust to Lend�r. � Defense vf Tit�e. Subject t� �he-exceptian �n the paragraph abo�e, Trustar warrants and will �are�er de�end the tEtl��o�khe Prope�ty against the fawfu[ claims v�al� persons. In the e�ent any a��ion or prv�eeding is commenced that questivns Trustar's�i�le or the interest o�Trustee o�- Lender unde�r this Deed v�T�us�,Trus��r shall defend�he action at T�-ustar's expense. Trus�vr may be the naminai par�y in such proceeding, but Lender shall be entitled fa participate in �he praceeding and to be represented in �he proc�eding by caunsel ❑f Lender's own chaice, and Trus�o�will deli�er, or cause to be deli�ered, �o Lender such instruments as Lender may request�rrom�ime�o#ime �a permi�such part�cipativn.