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� ��15��443
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<br /> aEEv �F TRusT
<br /> Lvan Na: '[���8Z4�'I ���]ntlnued� Pag� 4
<br /> liabili-�y insurance policies. Addi�ionally, Trustar shaEE maintain such other insurance, including but nat limfted fi❑
<br /> hazard, business in�erruptian, and boiler insurance, as Lender may reasona�Iy require. Policies shall be writ�en in
<br /> form, amaunts, cvWerages and basis reasvnably a�ceptable to Lender and issued by a campany or c�mpanies
<br /> reasonably ac�eptable �o Lender. Trusfior, upon requ�st o-F Lender, wii� deli�er �o Lender firom time tv fiime fihe
<br /> pvlicies ❑r certificates af insurance in f�rm sa�isfiac�ory fia Lender, including stipuEatEons that coWerages will na� be
<br /> cancelled ❑r diminished withou� a� least ten {1�y days priar writfen nofiice �o Lend�r. Each insurance pa�icy alsa
<br /> shal[ inelude an endorsemen�pro�iding that co�erage in ta�or❑�r Lender vuill na�be impa��ed in any way by any act,
<br /> vmissivn ar default o�F Trustor or any ❑ther person. Shau�d th� Real Property be iacated in an area designated by
<br /> the Administra�or of the Federal Emergency Manag�ment Agency as a speciai flood hazard area, Trusfia� agrees tv
<br /> obtain and maintain Federal Fiood �nsurance, if a�ailable, w�thin 45 days after no�tice is giWen by Lender that �he
<br /> Property is loca�ed in a special fload hazard a�ea, fivr-�he fu!! unpaid principal baiance ❑f the loan and any privr liens
<br /> an�he property securing the Ioan, up tv the max�mum pali�y limits set under the National Flood Insurance Program,
<br /> ar as otherwise required by Lender, and to mainfiain such insurance for�he�erm o�f th� I�an.
<br /> Application of Proceeds. Trustor shall prvmptly not�fy Lender of any [oss or damag� t❑ the Prvperty. Lender may
<br /> make proof o� I�ss i�F T�us�or faE[s �o do so within fift�en �15} days ❑f the casual�y. V1lhether or nvt Lende�'s
<br /> securi�y is impaired, Lender may, a� Lender's �[ecti�n, �-ecei�e and retain the praceeds of any insuran�e and apply
<br /> �he prviceeds �o the reduction ofi�he Ind�btedness, paym�nt af any Iien aff�c#ing the Prvper�y, or #he restorafiion
<br /> and �-epair o�the Proper�y. lf Lender ele�ts to apply the proceeds to restorativn and repair, Trustor shall r�pair ar
<br /> r�piace the damage�l or destroyed ImproWements in a manner sa�isfact�ry to Lender. Lender shall, upon
<br /> satis�acfa�y proa� ❑f such expenditure, pay or reimburse Trustar from the proc�eds for the reasonahle cos� of
<br />� repair vr restoration i� Trus�or is n�t in de�Fault under �his Deed ❑t Trust. Any praceeds which ha�e not b�en
<br /> disbursed within �i 8� days af-ker their receip� and which Lender has no� commifited ta the repair or restoration of
<br /> fihe Praper�y shall be used first�o pay any amount owing to Lender under this Deed of Trus�, then �o pay accrued
<br /> in��resfi, and the remainder, if any, shall be applied fio the prin�ipa! balance of the �ndeb�edness. lf Lender holds
<br /> any praceeds a�ter paymen� in full o� the indebtedness, such praceeds shall be paid to Trus�or as Trustor's
<br /> infie�ests may appear.
<br /> Trus#or's Repart on Insurance. Upfln request of Lender, howeVer nat more�han ance a year, Trustar sha[[ furnish
<br /> to Lender a report on each existing policy of insurance show�ng: t1 y the name of the insurer; ��} �he risks
<br /> insured; (3} the amount of the pvlicy; �4} the property insured, the then current replacemenfi �alue afi such
<br /> proper�y, and �he manner❑f determining that Walue; and �5� the expi�-atian date o�the p�licy. Trustflr shall, upan
<br />, request a�Lender, ha�e an independent appraiser satisfiactory to Lender determine the cash�aiue rep�a�ement cost
<br /> . of th� Property.
<br /> . LENDER'S E�PENDiTURES. [f any a�tion or proceeding is �ommenced that wvu�d materially�affec# Lender's En�eres� in
<br /> �h� Proper�y ❑r it Trus�ar fai�s �� comp�y with any pro�ision o-�-this �e�d ❑f Trust�r any Reiated ❑acumenfis, including
<br /> but nat limited t❑ Trustar's fiailure ta.dEs�harge or pay when due any amounts Trustor is required ta discharge ar pay
<br /> under this Deed afi Trus�or any ReEated Documents, Lend'er on Trustvr's behalf may {bu�shall no�be obliga�ed to} tak�
<br /> any ac��on fihafi Lender deems apprapriafie, including bu� not limited to diseharging or paying al[ taxes, liens, se�urity
<br /> interests, encumbrances and o�her claims, at any time le�ied or placed on�he Property and paying all cas�s�or insuring,
<br /> maintaining and preser�ing fihe Prnp�rty. A�I such expenditures incurred or paid I�y Lender for such purposes w�ll then
<br /> bear in�erest a�fihe rafie �harged under the No'�� from �he da�e incurred or paid by Lender�a �he date ❑fi repayment by
<br /> Trustor. All such expenses will becvme a part ❑f the indebtedness and, at L�nder's option, uvill tA} be payable ❑n
<br /> demand; {By be added to the balan�e of the Note and be apportioned amang and be payable with any ins�allment
<br /> payments to became due during ei�her t 1 f the term ❑� any appli�ab�e insuran�e palicy; or {2} the remaining term o�
<br /> the Note; �r �C� be treated as a ballaon payment which will be due and payable a�the Not�'s maturity. The Deed vf
<br /> Trust a[s� will secure paymen� ❑f fihese amounts. 5uch right shaii be in additian t❑ a�l o�her rights and remedies to
<br /> which Lender may be en�itled upon Defaul�.
<br /> WARRANTY: aEFENSE OF T1TLE. The fallawing �ra�isivns relating�fl ownershi�of the Pr�perty are a par�of this Deed
<br /> ofi Trust: �
<br /> Titl�. Trus�or warrants �hat: ta} Trustvr h�lds gaad and marketable ti�le of recard fio fihe Praperty in fee simp[e,
<br /> free and clear of all liens and encumbrances o�her than thase set farfh in the Reaf Property des�ripfiion or in any
<br /> title insurance policy, �itle report, ar fina[ �itle vpinian issu�d in fa�ar of, and accepted by, Lender in connec�tion
<br /> with this Deed �fi Trust, and �b} Trustor has the full right, power, and authority ta execute and deli�er this Deed a�
<br /> Trust�o Lender.
<br /> Defense of Tifile, Sub�ect �❑ the exception in the paragraph abo�e, Trus�or warrants and wil! fare�er defend #he
<br /> � �i��e �❑ the Prope�ty agains��he lawful claims af all persons. �n the event any acfiion or proceeding is commen�ed
<br /> fihat questions Trustor's �itle or the in�erest o�Trustee or Lender under this �eed of Trust, Trustor shall defend the
<br /> ac�ion a�Trus�or's expense. Trus�or may be the nomina! par�y in such proc�eding, bu� Lender shall be entitled to
<br /> , participafie in the praceeding and to be represented in �he pro�eeding by counsel o� Lenderts ❑wn choice, and
<br /> Trusto�will de[i�er, or cause tn be deli�ered, �o Lender such ins�ruments as Lender may request from time �❑time
<br /> to permit such par�icipation.
<br /> Complian�e With Laws. Trustor warrants that the Praperty and Trustar's use nf the Property camplies with all
<br /> existing app�icable �aws, ❑rdinan�es, and regulations of go�ernmental au�horities.
<br /> 5ur�ival v� Repr�sentations and Warranties. Ail r�pres�n�a�ians, warranties, and agreements made by Trustor in
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