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<br /> term of the�oan.
<br /> Appii�a#ion Qf Proceeds. Trustor shall pramptly no�ify Lender ot any loss vr damage tQ the Property. Lender may
<br /> make prvc�f of loss if T�ustor fails to do sa wi�nin fifteen �'[5} days of fhe casualty. Whether ar not Lender's
<br /> security is impaired, Lender m�y, at Lender's elec�ion, receive and re�ain �he proceeds o�a�y�r�surance and apply
<br /> th� proceeds �to fihe reduc�ion of�he lndeht�dness, pa�rm�nt af any�ien afFec�in�the Prvperty, or the r�estora�ian
<br /> and repair of th� Property. lf Lender ele�ts#�apply�he proceeds to restvr�tion and repair, Trus�nr sh��f repair vr
<br /> replac� #he damaged or destrvyed Imprvvements in a manner satisf�ctory ta Lender.- Lender sha�l, upon
<br /> satisfactory proof af such expenditure, pay ❑r reimbur�e Trustor from the praceeds �for fhe reasonable cas� af
<br /> r�pair �r restvration if Trus�ar i� not in default under fhis Deed of Trust. �ny proceeds whieh haue not been
<br /> disbursed within 'f 8C� days after their receip� and vv�ich Lender has not cvmmi�ted to �he repair�r restoratior� of
<br /> the Prop��k�shall be used firs�to pay any amvunt vwing ta Lender under this Deed of Trus�,then ta pay acGrued
<br /> interEsfi, and the remaind�r, if any, shall be applied to �he principal ba�ance of the Indebtedness. 1�F Lender holds
<br /> an� prviceeds ��ter pa�ment in �ull vf the [ndebtedness, such pro�e�ds shalf be paid #v Trust�r as Trustvr`s
<br /> interests rr�ay appear.
<br /> Compliance rrvi�h E�cistir�g lndebtedness. During �he period i� which any E�isting lndebfednes�described k�e��w is
<br /> in e�fec�, compliance with the insuran�e pr��isivns �an�ained in �he insfrument e�idenc�ng su�h Ex€s�€n�g
<br /> Indebtedness shall consfitu�e compliance with �he insuranGe pra�isivns under this Deed af Trus�, tca ��e e�tent
<br /> com�fian�e with the terms of�his Deed af Trust would canstitufe a dupCica��an af insurance requirement. lf any
<br /> proceeds fram the i�suran�e becorne payable on Ioss, the pro�isions in this ❑eed of Trust for�division o�pro�e�ds
<br /> shall apply�n1y to th��parti�n o��he pro�eeds nat payabie�o the hoider o�the Existing lndebtedness.
<br /> LENDER'S EXPENDITURESs lf Tru�tor fails �A} to keep the Property free of alf taxes, I�ens, security interests,
<br /> encumbrances, and other c�aims, �B} to pro�ide any required insuranc� vn #he Prvperty, {C} �a make repairs to �he
<br /> Proper�y or to �amply vvith any obligation t� main�ain Exis�i�� lndeb�ednes� in good sfanding as �equired below, #hen
<br /> Lender may d� sv. If an� ac�ian ar proceeding is �omrr�enced that w�uld mater�ally a�fect Ler�der`s interests in �he
<br /> Pr�perty, �hen Lender on Trustar's behalf may, l�u� is not req�aired �o, take any acti�n �hat Lender belie�es �a� be
<br /> a�propriate �� protect Lender's interests. All expenses incurred or paid by Lender for such purposes wil� then bear
<br /> interes� at the rate charg�d under the N�te frorr� the da�e incurred vr paid by Lend�r to the date a� re�ayment by
<br /> Trus�or. All such expenses will become a �art of#he Indebted��s� �nd, at Ler�der's aptivn, w�l[ {A� b� payabl� an
<br /> demand; �B} be added to the balance ❑�F the Nat� and be appartioned among and be payable wi�h any insta�finent
<br /> payments to b�come due �uring ei�her �"�} �he�erm af any applicable insurance policy; or �2} the remaining term of
<br /> the Nvte; ❑r �C} be firea�ed as a balloon payment which will be due and pay�ab�e�t�he Note'�ma�urity. Th�D�ed o�
<br /> Trust also will secure payrnent of these arn�un�s. The righ�� pro��ded for in �his paragraph� shall b� in add�tion �a any
<br /> other rights ar any remed�es ta rrvhich Lender ma� be enti�led on a�cvunt af any default. Any such actian by Lender
<br /> sha[I nvt be cvnstrued as cu�ing the�efault so as to bar Lender from any remedy t�a#it o�herv►�ise vv�uld h+ave had.
<br /> WARRA�TY;DEFENSE�F T[TLE. The�vllowing prv��sions rela#ing to ownersh�p of�h�Praperty are a par�of th�s Deed
<br /> a�Tru st:
<br /> Title. Trustflr v+rarran�s tha�� �a} Trusfar holds good and ma�ke�able title of re�ord to the Praperty in fee simple,
<br /> free and clear of all liens and en�umbran�es other thar�#hose set �orth in th� Real Property description vr in th�e
<br /> Exis�ing Indebtedness��cfion befow or in any t�tfe insurance policy, �it[e repo�t, or final title opEnion issued in favor
<br /> of, and accepted by, Lender in connection vvith this Deed o�l�rus�, and �b}Trus��r has�h� full righ#, power, and
<br /> authority fo execute and de�i�er�his a�ed o�Trust ta Lender.
<br /> Defense vf Title. 5uhject�v the exc�ption in �he paragraph abo�e, Trustar vvarrants and wil� fvre�er d�€end the
<br /> title tQ the Prope�ty against tf�e lawful ciaims of ali person�: fn the e�ent any action or praceeding is connmen�ed
<br /> that quest��ns Trus��r's tit�e flr�he interest of Trus�ee vr Lender under this Deed of Trust,Trustvr shall def�nd the
<br /> action a�Trustor`s expense. Trus#or may be the nomio�ai parfiy in such prviceedinc�9 but Lend��shaf! he en�itled ta
<br /> participa�e in the pra�eeding and to be repres�r�ted �r� �he proceeding by coun�el o� Lender's vwn chvEce, and
<br /> Trus�c�r will deli�er, vr cause to be deli�ered,to Lend�r such ins�r�arr�en�s as Lender may request fr�m time ta time
<br /> fio permi�such pa�kicipativn.
<br /> Cvmptiance Vllith Law�. Trustvr v4rarrants tha�the Pro��r�y and Trus�or's use of the Properky cor��li�s with all
<br /> existing applicable Iaws,ardinances,and regu�ations o�go�ernmenta[authorities.
<br /> Survi►va! of Prom'rses. A�� promises, agr��m�nts, and s�atem�n#s Trus#or has made in this Deed of Trust shall
<br /> sur���e th� execution and deli�ery o�fhis Deed af Trusfi, shaf[ he cantinuing in na�ure and shaff remain in full force
<br /> and effect until s�ch time as Trustor's Indebtedne�s is p�id in full.
<br /> E�15TING�WDEB�'ED[VESS, The fiall�wing pra�isions concerning Existing �ndebtedness are a par�af t�is�]eed of�'r-usf:
<br /> �xisfing Lier�. The �ien o� fhis Deed of Trust securir�g the �ndebtedn�ss rnay be secondary and in��:r€or to an
<br /> ex��ting [ien. Trus�or ex�r�ssly co�enant�and agrees tv pay, vr see�o the payment of, the Existing fndeb�ednes�
<br /> and�❑pre��nt ar�y default on such indebtedn�ss,any default under the insfrurnen�s���d�n�ing such tndebtedness,
<br /> ar any def�ult under any securi�y d�cument�for s�ch indebtedness.
<br /> No llJtadifica#ian. Trusto� sha[I n�t enter into any agr��ment rrvi�h the holder of any mor�gage, d�ed af trust, ❑r
<br /> other security agr�emen� which has privrity ��er this Deed af Trust by which �ha� agreement is m�dtfied,
<br /> amend�d, extended, ar renewed without �he priar v�rritten cansent of Lender. Trust�r shall neither request nor
<br /> �ccept any future ad�anees under any such securEty agreement without�h�prior wrif�en�ons�n#vf Lender.
<br /> C�Na��N►�T�ON. The foflvrrving pro�isions relatEng to conderr�nativn proceedings are a par�of thEs Deed af Tru�#:
<br /> P�oc�edings. !�F any prvice�ding in condemnativn is �iCed, Trustvr s�all prompt�y nv�ify Lender in writing, and
<br /> Trus�ar shal! pr�m�tly take such s�eps as may be necessary�o def�nd the actian and obtain the award. Trustor
<br /> may be the norriinal party in such pro�eeding, but Le�der sha[f be entitled to par�icipa#e in the proceeding and to be
<br /> repr�esented in �he proceeding by counse� of its own chaice, and Trustor will defi�er vr�ause ta be deli�ered tv
<br /> Lender su�h ins#rumen�s and dvcumentat�an as ma�y b� requestEd by Lender from tim� to fii�ne ta p�rmit such
<br /> �participation.
<br /> Ap�li�ation o��iet Prac��ds. if all �r any par#af the Prop�rty is ��ndemned by eminent dvmai�n proceedings or by
<br /> any�ro�eeding or purchase in lieu of condemnation, Lender may�t i�s electior�require that all or any p�rtian nf#he
<br /> net praceeds af�he auvard be app[ied to the Indebfiedr�ess or the �epa€r or restorati�n vf the Property. The net
<br /> proceeds ofi the award shall me�n the aw�rd after payment af afl reasonabl��osts, expenses, and a�torneys'fees
<br /> incurred by Trustee or Lender in connectivn with the cvndemnatior�.
<br /> IMPOSITIDN DF TAXES, FEES AND CHAR�ES BY GOVER��ENTAL AL1TH���;�1E5. The following pro�€sions relatirrg
<br /> to�o�ernmenta�faxes,fees and charges are a par�a�th�s❑eed of Trus�:
<br /> �Current Ta�es, F�es and C�arges. Upon request by Lender, Trustor shall e�ecu�e such documents ir� additivn to.
<br /> �h�s Dee� of Trust and take whate�er❑ther action is reques�ed by Lender to perFecfi and cont�nue Lender`s fien on
<br /> �he Real Prape�y. Trus�vr�hall reirriburse Lender for al1 ta�tes, as described hel�w, tagether with all expen�es
<br /> incurred in recording, p�rfecting �r con�inuing this Qeed of Trust, ineluding withou�k limifation ail taxes, fees,
<br /> documsntary stamps,and of��er�harg�s f�r reco�ding or regist�ring�his❑eed af Trust.
<br /> Taxes. The f�f l�v�ing shalf canstit�te ta�es �o whi�h this sectivn applies: t'!} a �pecifio tax upan this typ� �f
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