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��14�77�� DEEa �F T:RUST � Laan No: ��g13�9 {�ontinued} � Page 4 Property in an amount sufficient�v a�aid application o� any coinsurance clause, and wi�h a standard mortgagee clause in fa�ar❑f Lender, Trustor shall a[sv procure and main�ain comprehens��e general liabi�ity insurance in such �o�erage amaunts as Lender may reques� with Trus�tee and Lend�r being named as additivnal insureds in such liability �nsurance policies. Addi�ionalfy, Trustor shall main�ain such vth�r insurance, including �u� na� limited tv hazard, husiness interrup�ivn, and boiler insurance, as Lender may r�asonabCy require. Palicies shafl be written in farm, amounts, ca�erages and basis reasanably acc�p�a}�le t� Lender and issued 1ay a company or companies reasanalaly acceptable �o Lender. Trus�tor, upan �-eques� ❑f Lender, w�ll deli�er ta Lender from �ime ta time the ; poticies ❑r cerki��cates of insurance in form sa�isfactory ta Lender, in�luding stipufatians that cv�erages wi[[ no� be cancelled or diminished wi�hout at least ten �1 D} days prior w�-itten natice �o Lender. Each insurance poli�y also shal� include an enda�-sement pro�iding that cv�erage in fiavor a�Lender.will not be impai�ed in any way by any act, . ❑missian ❑�-default of Trus�ar ar any o�her persan. Sh�u[d the Real Property be ivcated in an area d�signated by � the Admin�s�rator❑f the Federal Emergency Management Agency as a special flood hazard area, Trustor agrees to ❑b�kain and main�ain Federal Flood lnsurance, if a�ailable, within 45 days after notice is gi�en by Lender that the � Property is la�ated in a special fivod hazard ar�a,�or the fu�I unpaid principal baIance ❑f the ioan and any prior liens ❑n�he praperty securing the 3oan, up tv�the maximum pa[icy limi�s set under�he Nat3onal Flaod lnsu�-ance Prvgr-am, or as vtherwise required by Lender, and ta maintain such insurance far the term vf the loan. � Appl�cation o�Proceeds. Trusfior shall prompfily natify Lende�-❑f any lass ❑r damage to th� Property. Lender may ; make provfi ❑� loss if Trustor fails to do so within fiifteen �1�� days v� �he casuaity. VIlhether or n�t Lender's ' � securi�y is Empaired, Lender may, at Lender's e[ection, rsc�i�� and retain the proceeds of any insurance and app�y ; �he prviceeds �❑ �he reduction af the �ndebtedness, payment of any fien afFec�t�ng the Proper�y, ❑r the restara�ion � and r�pair v�the Praperty. lf Lender elects to apply the prviceeds t❑ restoratian and repair, Trustar shafl repair ar � repia�e the damaged ar destrvyed Imprv�ements in a manner sa�isfactory �o Lender. Lender shatf, upon � satis�acfivey proof ❑� such expenditure, pay ar reimburse Trustor �rom the proceeds for the reasnnal�le �ost ❑f repair ar restorativn �# Trustor is nat in de�ault under this I3e�d of Trus�. Any p�oceeds which ha�e nvfi been . ; dishursed wi�hin �8� days after their receip� and which Lender has not committed �o the repair ❑r res�o�-a�ion ❑�f � the Property shafl l�e used�irst to pay any amount owing fiv Lender under�his ❑eed vfi Trust, fihen�v pay a�G�-ued En�eres�, and �he remainder, i� any, shal� be applied �o �he principal balance of the lndebtedness. lf Lender hoEds any proceeds af�er paymen� in fuli ❑�f the lndebtedness, such proceeds shall be paid �o Trus�or as Trustor's interests may appear. . Trustor's Repvrt on Insurance. LJpon request❑f Lender, howe�er no� more than once a year, Trustor shall�furnish to Lender a repart an each existing palicy ❑f insurance shvwing: {1} the name of fihe insurer; t�} the risks insured; �3} �he amount of the poficy; {4� the proper�y insured, the then �urrent replacement �alue ❑� such praperty, and the manner of determining that�alue; and �5} �he expiratian da�e of the poliGy. Trustor shall, upon request❑f Lender, have an independen�a�praiser satistac�vey tv Lender determine fihe cash�alue rep�acemenfi�osfi of�he Praper-ty. ' LENDER'S EXPENDITL]RES. lf any a��ivn ❑r proceeding �s commenced that would materially a�f�ect Lender's interest in �he Prop�r�y ar if Trus�or fails t� comp�y wi�h any provEsion a��fihis Dsed af Trust vr any Reia�ed Documents, including ' but no� iimi�ed ta Trustor's failure �❑ discharge vr pay when due any amoun�s Trustor is required ta discharge or pay � under this �3eed o�Trusfi v�-any Related �vcuments, Lender on Trustor`s h�half may �bu�shall nvt 1ae obligat�d to} take ' any action tha� Lender deems appropriat�, includin� I�ut not limi�ed t� discharging or paying a1! �axes, liens, security , in�erests, encumbrances and other�laims, a�any time IeWied or placed on the P�roper�y and paying all casts far insuring, � maintaining and preser�ing the Praperty. A�[ such expenditures incurred or paid by Lender fv�su�h purpos�s wil�then bear interest at the ra�e �harged under the Note from the date incurred ❑r paid by Lender�❑ the date of repayment by Trustor. A1� such expenses will become a part of�he lndebtedness and, at Lender's op�ion, wili {A� be payable on demand; �B} be added t❑ the �afance v� �he Note and be apportianed among and be payabl� with any installment payments �❑ become due during ei�he� �1} fihe term of any applicable insurance po�icy; or �2} the rema�ning term af the Nv�e; ❑r {C� be fireated as a �allovn payment which will be due and payahle�at�he Note's ma�urity. The �3eed vf Trust also wil! secure payment ❑f these amounts. 5uch righ� shal[ be in additivn ta aE[ o�her righ�s and remedies t❑ which Lende�may be ent�tled upon �efau[�. � 111JARRANTY; DEFENSE�F T�TLE. The�oflowrng pra�isivns rela�ing�a vwnership of the P�roperty a�-e a part o�fihis Deed � ❑f Trust: Ti�le. T�-us�ar warranfis that: {a� Trustar holds gaad and marketable�itle ❑� recvrd to the Property tn fee simple, �ree and �lear of all liens and encumbrances ❑ther�han those set for-th in the Real Property desc�iption ❑r in any ti�le insurance policy, title report, or final title �p�nian issued in fa�or ❑�, and accepted by, Lender in �vnnectEon wi�h�his Deed o�Trust, and �b} Trustar has�he�ull righ�, power, and au�hv�ity�ta execufie and deli�er�his ❑eed vf � Trust tv Lender. ! De�ense of Title. 5ubjec��a the excep�ion in �he paragraph aho�e, Trustvr warrants and wili �fore�e�- defend the �itle to the Prvperty against the law�ul claims of a[[ persons. ln the event any action ar proceeding is cammenced tha�quesfiions Trus�vr's fiitle or th� int�rest�f Trustee or Lender under fihis D�ed ❑�F Trust,Trus�o�sha11 defend the ac�ion at Trus�or's expense. Trusfiar may be�he nam�na� parry sn su�h prviceeding, but Lender shall be entit�ed to participate in the proceeding and to be represenfied in �he p�r�ceed�n� by counsel of Lender's own choice, and � Trust�r will de�iv�r, or cause tv be delivered, to Lender su�h ins�ruments as Lender may request fram�ime�o t�me to pe�mEt such par�icipatian.