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��15�1���
<br /> [�EEC� �F TRU�T'
<br /> ��or�t1�ueC�} Page 3
<br /> Trustor ta post adequate s�curity or a surety bond, reasonab�y satisfac�ory to Lender,�o p�otect Lender's�nteres�.
<br /> Duty to Prn�ec#. Trustar agrees neither ta abandon or IeaWe unat�ended th� Property. Trus�or shall do all o�her
<br /> acts, in addition to those acts s�t for�h abo�e in�h�s se�tion,which �ram �he characte�and use of�he Prope�ty a�e
<br /> reasonabiy necessary�o prote��and prese�ve the Property.
<br /> TAXES AND LIENS. The f�llowing proWis�ons ��lating ta the �axes and I�ens an the Property are par� of�h�s Deed �f
<br /> Trust:
<br /> Payment. Trustar shal�pay wh�n due �and in all events prio�to delinquency}ail taxes, specia�taxes, assessmen�s,
<br /> charges (�nc�uding water and sewer}, fines and imposi�ions le�ied against or on accvunt of the Properky, and sha�1
<br />. pay when due all claims for work d�ne on or�ar services �endered o�ma��rial furnished �o �he Property. Trustor
<br /> shall maintain the Pr�perty�re�of a�l liens having prior�#y o�er or�qual to the interest of Lender under this �eed af
<br /> Trust, except for the lien o��axes and assessments no� due and excep� as othenNise pro��d�d in this Deed of
<br /> Trus#.
<br /> Righ#�o Contest. Trusto�may withhald paymen�a�any�ax, assessment, o�claim in connec#ian wifih a good#'aith
<br /> dispute o��r the obiiga�ion to pay, so long as Lender's in�erest in the Prop�rty is not�eopardized. If a lien arises or
<br /> is fled as a resu�t of nonpayment, Trustor shal� within fifteen �15} days a�t�r�hs lien ar�ses or, if a lien �s filed,
<br /> wi�hin fifteen �'�5} days after Trus�or has notice of�h� filing, s�cure the d�scharge of�he lien, or if requested by
<br /> Lender,deposit with Lender cash or a sufficien�carpora�e sure�y bond or other se�u�ify satisfactory to Lender in an
<br /> amoun�sufficient to discharge the iien plus any costs and attorneys'fees, or o�her cha�ges that�auld accrue as a �
<br /> result of a fareclosure ar sale under the 1ien. In any contes�, Trustar sha�l d�fend i�se��and Lender and shali satisfy
<br /> any ad�erse judgment be�ore enforcement against�he Proper�y. Trus�or shall name Lender as an additional❑blig�e
<br /> under any sure�y bond furnished in the contes�proceedings.
<br /> Eviden�e of Payment. Trus�or shal! upon demand furnish to Lender satisfactory e�idence of payment of the taxes
<br /> or assessments and shall au#hori�e�he appropriate g�vernmen�al officia[fo deliver to Lender at any t�me a wr�tten
<br /> s�afem�nt of�he taxes and assessmen�s agains�the�'roperty.
<br /> Nati�e of Construc��an. Trustar shall no�ify Lender at least fifteen �'�5} days before any work �s commenced, any
<br /> services are furnished, o�any materials are supplied to th� Prop�r�y, i�any mechaniG's lien, ma�er�almen's lien, ar
<br /> o�her lien cau[d �e asserted an a��oun� of the work, services, or materials. Trustar will upon requ�st o�Lender
<br /> furnish �o Lende� advance assuran�es sa�is�actory �o Lender that Trustor can and wil[ pay the �ost o� such
<br /> impra�ements.
<br /> PR�PERTY DAi1�AGE �NSURANCE. The follow�ng pro�isians relating �o insuring the Praper�y are a par�af this Deed af
<br /> Trust.
<br /> Maintenance af Insurance, Trus�ar shai� procure and maintain policies of fire insurance with standard extended
<br /> co�erage enda�sements on a replacement basis for the fulf insurable �alue c�vering a{I Impro�ements on the Real
<br /> Property in an amount sufficient �o a�oid applica�ion ❑f any cainsurance clause, and with a standard mortgage�
<br /> clause in favor of Lender,�ageth�r with such other hazard and ��abili#y�nsurance as Lender may reasonabiy require.
<br /> Policies sha]! be written in farm, amounts, c��erages and basis reasanab�y a�ceptable �o Lender and issued �y a
<br /> company or companies reasonabiy acc�p�able ta Lender. Trustor, upon reques� a� Lender, wil[ d��i��r ta Lender
<br /> �rom time to t�ms the policies or c�rtificates of insurance in form satisfactory to L�nder, including s�ipula�ions that
<br /> coverages wif{ nat be cance[led or diminished withaut at least ten (1�} days prior written notice to L�nder. Each
<br /> insurance palicy als� sha[I inc�ude an endorsement prav�ding �hat eaverage in fa�or o�Lender wi11 nat be impaired
<br /> in any way by any a�t, omission or defaulf o�F Trus�or o�any athe�persan. Shouid �he Real Praperty �e lacated in
<br /> an area d�signated by the Administra�or of the Federa� Emergency Management Agen�y as a specia! �iaod hazard
<br /> area, Trustor agrees to obtain and maintain Federal Fload Insurance, if ava��able, for the fu�� unpaid prin�ipal
<br /> balance of the laan and any prior�iens an�he property securing the laan, up to#he m�ximum poiicy limit�set under
<br /> the Nationa! Fload lnsurance Program, or as otherwise requi�ed by Lender, and to maintain such insurance for the
<br /> term of the Iflan. ..
<br /> Appl�ca���n n#Proceeds. Trus�or shall pramptly no�ify �ender of any loss or damage to�he Property. Lender may
<br /> make proof of loss i�Trustor fails ta da so within fifte�n ���} d�ys o�the casual�y. Whether or not L�nder's
<br /> security €s impaired, Lender may, at Lender`s e�ectian, recei�e and retain �he proceeds of any insu�ance and apply
<br /> . �he praceeds to the reduc�ivn af�he lndeb�edness, paymen� ❑f any i�en affecting the Property, or the restoratian
<br /> and repa�r o�the Property. !f Lender elects to appiy the proc�eds to restorat€on and repair, Trus�ar sha�i repair❑r
<br /> repla�� the damaged or destroyed �mpro�ements in a manner satisfactory ta Lender. Lender shail, upon
<br /> satisfactary proof �f such exp�nditure, pay or reimburse Trustor from the proceeds for the reasanabie �os� of
<br /> r�pair o� restoration �f Trustor is not in d��ault under �his Deed of Trust. Any proceeds which have nat b�en
<br /> disbursed within '18n days a�ter the�r receipt and vuhich Lender has not commi�ted ta the repa�r�r resto�ation of
<br /> #he Property shall be used firs��o pay any amount owing tfl Lender under this Deed of Trust, then t� pay a�crued
<br /> in�er�st, and th� remainder, if any, shail be app���d tv #he principaf ba�ance o�the �nd�btedness. I�Lender ho�ds
<br />_ any proce�ds after payment in �uli af �he lndebtedness, such praceeds shal[ be paid �o Trustor as Trustar's
<br /> int�rests may appear. .
<br /> LENDER'S EXPENDITURES. lf Trus�ar faiis �A} ta keep the Property fr�� of all �axes, liens, securi�y interes�s,
<br /> encumbrances, and o#her c�aims, �B} ��pro�ide any required insurance❑n th� Property, or {C} to mak� repairs to�h�
<br />� Praperty th�n Lender may do so. If any actian or proc�ed�ng is commenced that wouid materially aff��t Lender's
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