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��15�33�5
<br /> [3EEIJ C]F T'RU�T
<br /> Laan IVc�: '[[]����3�� �C�nt��u�d} Page 4
<br /> {ndebt�dness shalf constitute campiiance wE�h the insu�ance pr�visions under �his Deed o�F Trus�, to the ex�rent
<br /> compliance with the terms a� �his f]eed o� Trust would canst��cu�e a duplication af insurance requirement. If any
<br /> proceeds fr�m �he insurance b��ome payable an loss, the pra�isions in this Qeed of Trust fa� �ivision of praceeds
<br /> shal[ appiy anly f❑�hat portion o�the proceecls not payable to the holder of the Existing �ndebtedness.
<br /> LEIVDE�'S E�PENDITURES. If Trus�or �ails �A� to �ceep the Prop�rty �ree o� all taxes, IE�r1S� security int�res�s,
<br /> en�umbrances, and ather claims, �g� �� provide any required insurance on the Property, {�} to mal�e repairs to �he
<br /> Proper�y or ta camp�y with any obligafiion �❑ maintain Existing f ndebtedness in g�od s�anding as required befaw, th�n
<br /> Lender may da sQ. I� any action or praceeding is comm�nced �ha� would ma�erially affect Lende�`s interes�s in the
<br /> Prop�rty, �hen Len�er on Trus�or's b�hal-� may, bu� is no� required to, take any action tha� Lender beli��es to be
<br /> apprapria�e to pro�ec� Lender's interests. A!I expenses incurred �r paid by Lender �For such purposes wi[I then bear
<br /> in�erest a� �he rate charg�d und�r th� Nate from the date incurred or paid by Lender to the date of repayment �y
<br /> Trustar. A�I such expenses will become a part of �he lndebtedness and, at Lender's option, Wvi�l �A} be payable on
<br /> demand; �By be added �� the balance of the IV�te and be app�r�ioned among and be payabie wi�h any insta�lment
<br /> paymen�s �❑ become due during �ither ��� �he t�rm ofi any app�icable insuran�e policy; or 4�� �he remaining ��rm of
<br /> the No�e; ar �C� be trea�ed as a ball�on paymen�which wi[I be due and payable at the No�e's maturity. The Deed o�
<br /> Trust a�so will secure paymen� of these amvunts. The rzgh�s provided for in this paragraph shall be in addition '�o any
<br /> o�her rights ar any remedies �o which Lend�r may �e entitled on accoun� ❑f any defaul�. Any such action by Lender
<br /> shall not be cons�rued as curing the de�ault so as to bar Lender fram any remedy�hat it otherw�se would ha�e had.
<br /> WARRANTY; DEFENSE�F TITLE. The f�llowing pro��sions relating tv awnership af�he Prop�rty are a par�of�his ❑eed
<br /> �f Trust:
<br /> T"i�le. Trustor warran�s tha�: {a} Trustor halds �aod and marlce�able tE�1e of record to �he Pr�per�y in �ee simple,
<br /> �free and ��ear ❑f aE� f�ens and encumbran�es other than thase s�t for�h in �he Real Pr�perty descriptinn ar in �h�
<br /> ExEsting Indeb�edness secti�n belvw or in any fiitle insuranc� p�licy, titf� rep�rt, or final tit�e opinion issued in fa�ar
<br /> of, and accep�ed by, Lender in connect�an with this a��d af Trust, and �b7 Trustor has the fu11 righ�, power, and
<br /> au�hori�y�o execute and de�i�er this Deed of Trust�o Lender.
<br /> Defense af T��Ee. Sub�ect to the excepti�n in the paragraph ab�ve, Trustor warran�s and wi�l forever defend the
<br /> titfe to the Property agains�the lawfu! claEms �f all persons. �n �he ��ent any action or praceeding is commenced
<br /> tha� qu�s�tians Trustor's�it[e ar�he �nter�st o�Truste� or Lender under this Deed af Trust, Trust�r shal[ de�end the
<br /> ac�ian at Trust�r's expens�, Trustor may b� the naminal party in such praceeding, hu� Lender shall be entitled t�
<br /> partic�pate in �he pro�eeding and �o be r�presented in the praceeding by counsel fl� Lender's �wn Ghvice, and
<br /> Trustor wi11 deliv�r, or cause to be deli�ered, to Lender such inst�um�nfis as Lender may requesfi from time to time
<br /> t❑ permi�such participa�ion. �
<br /> Cvmplian�e With La►nrs. Trustor warrants �hat �he Property and Trustor's us� afi the Pr�perty complies with all
<br /> exis�ing appli�able laws, ordinan�es, and regulations❑�F�o�ernmentai auth�rities.
<br /> Survival af Promises. All promises, agreemen�s, and statements Trustor has made in this D�ed o� Trus� shall
<br /> surWive the �xe�u�ian and dei��ery of this Deed ��Trus�, shall be con�inuing in nature and shall remain in full force
<br /> and efif�ct untE1 such�ime as Trustor's Indebt�dness is paid in fiulf.
<br /> EXIST�N� �IVDEBTEDIVESS. The�ollowing prQ�isians concerning Existin� Indebt�dness are a parfi of�his Deed❑f Trust:
<br /> Existing Lien. The lien o�f this Deed of Trus� securing the Ind�btedn�ss may b� secandary and in�eriar �Q an
<br /> exis�ing lien. Trustor expressly �o��nan�s and agre�s �o pay, or see to the payment of, the Exis�ing lndebtedness
<br /> and to pre�en�any d�faul�on such indebt�dness, any d�fauit under the instrumen�s e�idencing such indebtedn�ss,
<br /> ar any defau�t under any securi�y do�uments��r such indebt�dness.
<br /> Nv 11lladifica�ivn. Trustor shall not enter into any agreement with the h�lder of any mor�ga�e, deed of trust, or
<br /> �ther security agreement which has priority �ver this D�ed of Trust by which tha�r ag�eement is modified,
<br /> amend�d, extended, or renew�d wi�rhout �khe prior written consen� of Lender. Trustor shall neither r�ques� nor
<br /> accep�any�uture ad�ances under any such security agreement without�he prior writ�en consen�of Lender.
<br /> CC3Nt3E11l�NATI�N, Th�follawing provisions relating to candemnati�n proceedings are a part o�this Deed o�T�ust:
<br /> Pro�eed�ngs. l� any proc�eding in c�ndemna#ion is filedr Trustar shalE promp�ly na�ify Lender in wri�ing, and
<br /> Trustar shall prvmptly ta�e such sfeps as may he necessary to defend the actian and obtain the award. Trus�or _
<br /> may be�h� nominal parfy in such praceeding, bu�Lender shall be entitled to par�icipa�e in�he proceeding and to be
<br /> represented in the pr�ceeding by cvunsei o� its awn choic�, and Trustor will �efiWer or cause to be del��ered to
<br /> L�nder such instruments and dacumen�ration as may be r�quested by L�nder fram �ime �v �ime tn �aermi�r such
<br /> participa��vn.
<br /> Applica�ion ❑f Net Proceeds. If all or any part�f�he Property is candemned by�minent damain prviceedings or by
<br /> any proceeding �r purchase in �ieu a�condemna�i�n, Lender may a�k i�s electian requ�re that a11 ar any partian of�he
<br /> n�t proceeds af �he award be applied to the lndebtedness �r the repair or restorat�on �f the Proper�y. The ne�
<br /> pr�ceeds of the avuard shall m�an fhe award a��er paymen� �f all reasonable costs, expenses, and afitorneys' �ees
<br /> incurr�d �y Trust�e or Lender in connec�ion with fhe condemna�ion.
<br /> IMPC]51TI�N �F TAXES, FEES AN❑ CHI�RGES BY G�VERNMENTAL AUTH�RET[ES, Th� fallawing prv�isions relating
<br /> ta g��ernmental taxes, �ees and char�es are a part of this Deed of Trust:
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