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I ��14�77�� DE�ED DF TRU�T Lvan No: '1 a��S'I 3�� ont[nued} Page 4 Proper-ty in an amoun�t suf�icient tv a�oid apptication.a� any �ainsurance clause, and with a standard martgagee clause in fa�or❑f Lender. Trustor shafl alsv procure and rnain�ain �vmprehensi�e general liabili�y insurance in such co�erage amaunts as Lender may request with Trus�ee and Lender being named as additional insu�-eds in su�h liability insurance policies. Add�tiona[�y, Trus�o� shal[ maintain su�h ofiher insurance, including bu� na� limified ta hazard, business interruptian, and bvi�er €nsurance, as Lender may reasonably require. Policies shajl be written �n �orm, amounts, co�erages and basis reasonably acceptat��e �a Lender and�issued by a cvmpany ar companies �-easonably a��eptabfe �o Lender. Trustor, upon request ❑f Lender, wil[ deli�er to Lender from time tv �ime �he policies or certif�ca�es of insurance in fv�-m satis�acfivey�a Lender, including stipulat��ns�ha�co�erages wil� nofi �e cancelled �r diminished withvut at �east ten ��D} days prior written notice �o Lender. Each insurance policy als� sha�� include an endorsement p�v�iding that ca�erage in�aWvr of Lender will n��be impaired in any way by any ac�, omission ar defiaul� of Trustar❑r any a�her person..ShouEd the Real Property he located in an area designafied by -�he Administratar❑f the Federa� Emergen�y Managemen� Agency as a special flood hazard area, Trus�or agrees ta ob�ain and main�ain Federal Flovd lnsurance, i� a�ailab�er within 45 days after notice is gi�en by Lender tha� the Property is lvcated in a special flood ha�ard area, for the full unpaid prin�ipal balance of�he �oan and any privr iiens ❑n the proper�y securing-�he [oan, up to the maximum policy[imits set unde�-�he NatianaE Flvod lnsurance Program, �r as ❑therwise required by Lender, and to mainfiain su�h insurance fivr the term of the �oan. � Applica#�on of Pro�eeds. Trusfiar shall promp�ly no�ify Lender❑�f any loss ❑r damage to the Prvper�y. Lender may . mak� prvof of loss if Trus�or faits �to do so wifihin tifteen �15} days o-� �he casual�y. Whe�ther ❑r nv� Lender's security is impaired, Lender may, at Lender's election, receiWe and retain the proceeds ❑t any insu�-ance and app[y � �he proceeds ta �he reducfian of the Inde�fiedness, paymen� o# any lien affec�ing the Proper�y, or�he res�oratian and repair of the Property.� If Lender elects ta appfy�he p�oceeds tv restvrati�n and repair, Trustor shall repair vr replace the damaged ❑r des�rvyed EmproWemen�s �n a manner sa�is-�ac�ary fiv Lender. Lender shall, upan sa�isfactary prao� �� such expenditure, pay ar reimburse Trus��r fr�m the proceeds for the reasanabfe c�st o� � repair �r restvration i� Trustor is no� in de-�ault under �his ❑eed ❑�F Trust. Any proceeds which ha�e not been ; disl�ursed within �8❑ days after�heir receipt and which Lender has nofi cvmmitted �❑ �he repair or restaration of the Property shali he used first ta pay any amount owEng t� Lender under this Deed o�Trust,�hen to pay accrued � interest, and the remainder, i� any, shaiE be applied to the principal halance ❑�the (ndeb�edness. I� Lender holds any proceeds after payment in fu[l of the Indehtedness, such praceeds shall he paid �o Trusfivr as Trustor's � interes�s may appear. Trustvr`s Repo�on Insuran�e. Upon reques�a�f Lender, however no� more than vnce a year, Trus�or sha�� urn€sh � to Lender a repvrt vn ea�h exis�ing policy ❑f insurance showing: �`1} the name af �he insurer; {2} �he risks + �nsured; {3} the amoun�t af the �3�IfC�1; {4} the property insured, the then currenfi replacement value of su�h � proper�y, and the manner o�F determin�ng tha��a�ue; and �5} �he expira�ian da�e ofi�he policy. Trustvr shall, upon � request❑�Lender, ha�e an independent appraiser sa�isfactory to Lender determ€ne�he cash�aiue replacement cos� ❑f the Prvperty. . � � LENDER'S EXPENDITURES. 1�any action ❑r proceeding is comm�nced that wou�d materially af�e�t Lende�-'s interest in ` �he Praperty or i�Trustor fails t� cam�ly wEth any prv�ision ofi�this Deed ❑f Trus�or any Related Documents, in�luding ' but nat limited to Trustor's fai�ure �a discharge vr pay when due any amvunts�Trustor is required �o d�scharge nr pay � under this ❑eed ❑f Trust or any Rela�ed ❑ocuments, Lender on Trustvr`s b�hal�may {hut sha�! nat be obligated tay �ake any acfiivn �hat Lender deems app�opriate, including bu� not limi�ed ta discharging ar paying aEl taxes, liens, securi�y interests, encumbrances and ❑ther claims, a�any time le�ied ❑r pla�ed ❑n the Property and paying al! costs for insur�ng, ma�ntaining and preser�ing �he Property. A!f such expenditures incur�-ed or paid by Lender fv�-such purp�ses will then bea� interest at�he rate �harged under�he No�e from �the date incurred ❑r paid by Lender�❑�khe date v� repaymen� hy Trusto�-. A[I such expenses wi�1 hecvme a par� ❑f �he lndebtedness and, at Lender's aption, wifl �A� be payabl� an demand; �g} be added to the balance ❑f the Note and be appartinned among and be payabfe with any installment paymen�s to be�ome due during eifiher {�} the�erm of any applicable �nsurance palicy; or �2� �he remainFng term a� the Note; or �C} be�reafied as a balloon payment which wi�[ be due and payable at�he Note's maturity. The D�ed of Trust a�so w�ll secure payment vfi�these amounts. Such right shall 1ae in additEvn fio all �ther rFghts and remedies �� , which Lender may be entitled upon Default. WARRANTY; DEFENSE�F TETLE. The-�ollawing pro�isions relating�a�ownership a�f the Prvperty are a part of fihEs Deed o�Trust: Ti�ie. Trus�or warrants �hat: 4ay Trustor hofds good and marke�ab[e �i�le of re�ord to the Property in fee simple, free and �lear �� all liens and encumbrances vther�han those set farth in the Real Prvperty desc�-iption ❑r in any �itle insurance po[icy, ��t�� report, or final �itle ❑pinion �ssued �n fa�or of, and accep�ed �y, Lender in connec�ian � wi�h this Deed of Trust, and �by Trust�r has the full right, power, and au�hority to execut�and deliv�r this Deed ❑f Trust ta Lender. De�ense vf Title. 5ubjec��a �he exceptian in the parag�aph aba�e, Trustor warran�s and will farever defend �khe ti�le fiv�he Praperty against the lawfu[ claims af all persnns. In th� e�en�any action or pr�ceeding is commenced that ques�ivns Trustor's title❑r�he interes��f Trus�ee or Lender under this Deed o�Trust,Trus�vr shall de�end th� activn at Trustor's expense. Trustor may be #he nomEnal party in su�h proceeding, �ut Lender shalf be entitled t� par�icipafie in the proceeding and t❑ f�e represented in the praceeding by counsel a� L�nder's own chvice, and Trustor wi�1 deEEver, or cause tv be del��ered, �a Lender such ins�rumen�s as Lender may r�quesfi�rom time�v�ime fi❑permi�t such participa�ian. ti