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<br /> fhe National F�ood Insuran�e Program, ❑r as othen�vise requfred by Lender, and ta maintain such insurance for th�.
<br /> term of the loan.
<br /> Applicati�n of Prviceeds. Trustor sha[I promp��y nofify Lender of any lass or damage to fhe Proper�y. Lender rria�
<br /> make proof af ioss i�Trustor fai�s tQ do so within fi�teen �'�5} da�s of fih� casuaft�. Whether or not Lender's.
<br /> securi�y is impaired, L�nder may, a�Lender's ��ec��on, receive and r�tain the procee�s ❑t any insuranc�and app�y
<br /> the proce�ds �o the reduetion o�tne indebtedness, payment ❑f any lien affecting fhe k'roperty, or �he restoratian
<br /> and repai�of the Pr�perty. I�Lender efects to app[y the proceeds to res�orat�or� and repair, Trustar shaii repair ar
<br /> r�place fhe damaged or destroyed Irnpr��er�en�s in a manne� satisfa��or� to L�nder. Lender shall, upon
<br /> sa�isfactory proof of such exp�nditure, pay ar reimburse T�us�or frorn the prviceeds for the reas�nab�e� cost of
<br /> repai� or ��storation i� rru�tor is r�ot in default under �hEs aeed of Trust. Any proceeds wh�ch have no� been
<br /> disbursed wi�hin 1�� days after their receipt and which Lender has not committed to the repair or restoration of
<br /> the Proper�y shall �e used first tv pay any amoun� owing t❑ Lender under this Deed of Trust, then to pay ac�rued
<br /> interest, and the remainder, if any, sha�f be applied tv the pr�ncipal balan�� of�he Indebtedness. f�Lender holds
<br /> any proceeds after payment in fu!! af the Indebtedness, such praceeds �hail be paid to Trustvr as Trustor's
<br /> �nterests may appear.
<br /> Cvrrep�iance wi�h Exist�ng lndebfedn�ss. auring the period in �hich any Existing Ind�ht�dn�ss described belvw is
<br /> in effect, complian�e v+,�ith the insurance provisions contained in �he ir�sfirument eW�dencing such Exist�ng
<br /> Indebtedness shall constitu�e compiiance with� the insurance prvvisions under this ❑eed of Trus�, to the ext�nf
<br /> �ompliance with th� �erms a�this ❑eed of Trus�would cons�itu�e a du�licativn o� insurance requirement. If any
<br /> proceeds�rom the insurance become payable on loss, the pro�isio�s in this D�ed o�F T�us��or di�ision of�roceeds
<br /> sha�l apply onfy to that portian of the praceeds no�payable to the holder nf the Existing Ind�btedness.
<br /> LENDFR'S E�CPENDITURES. lf TrustQr �ails �A} to keep the Property free of all tax�s, �iens, secur�ity infi�rests,
<br /> encumhrances, and other cfair�s, �B} �a pravide any required insu�ance on �he Proper�y, �G} to rr�ake repa�rs to �he
<br /> Property o� tv �omply with any abligation to maintair� Existing �ndehtedn�ss in �ood s�anding as required belovu, then
<br /> Lend�r may do so. « any action ar praceeding is comrner�ced that would materially affect Lender's in�erests in the
<br /> Praperty, then Lender on Trustor's b�half may, bu# is not requ�red to, take any action that Lender befie�es to be
<br /> appropria�e ta protect Lender's interes�s. All �xpen�es in�ur�ed or paid by Lender for such purpases Vvill fhen bear
<br /> interest at the rate ch�rged under the IVote firom the date incurr�d or paid by Lender to fhe date of repayment hy
<br /> Trustor. A!i su�h expenses will be�come a part o� the lndebtedness and, a� Lender's option, vvill �A} be payable an
<br /> demand; �B} be added �o the ba�ance of the Na�e and �e appartioned among and be payable with any �nstal�ment
<br /> payments t❑ became due during either ��} the t��rm of any applicab�e insurance policy; or �2} the remaining ��r�m of
<br /> th� Not�; or �C} be trea�ed as a ballaon payment which v�i�l he due and payable a�the No�e's maturity. The Deed of
<br /> Trust also wi�l secure payment of these am�un�s. The r�ght� provided fQr in this paragraph shal� �e in addition to any
<br /> other righfs or an� remedies to which Lend�r may be en�itled on accaunt of any defau��. Any such action by Lender
<br /> sha�l not be const�ued as curing the d�efau��so as�o bar Lender fr�om any remedy tha�i�otherwvise wou�d have had.
<br /> WARRAP�TY; DEFEN�E UF T1TLE. The�all�v�ing provisians relating ta ownership�f the P�ape�ty are a parf�f this Deed
<br /> of Trust:
<br /> Tit[c. Trusfior warrants that: ta� Trustor hoids good and ma�ketable t�t�e af r�cord ta �he F'ro�erty in fee simple,
<br /> fre� and ��ear of all liens and �ncumbrances other than �hose set forth in �h� Rea1 Property descr�ption or in the
<br /> �xisting Indebtedness sectivn below or in any�i�le insuran�e pa�icy, ti�Ie report, ar fin�al�itle�pinion issued in favar
<br /> of, and �c�epted by, Lender in connection wifh �his Deed vf Trust, arid �b} Trus�or has th� full right, power, and.
<br /> authority to e�ce�ut�and deliver this Deed o�Trust to Lender.
<br /> �e�ense o�Ti�le. 5ubject#o th� �xcepfion in �he para�raph a�vve, Trus�or warrants and v�ilf farever de�end the
<br /> �it�e to the Property against�he law�ul claims o€afl pers�ns. fn the e�enf any actian or proceeding is comm�nced
<br /> thafi questlons Trustor's title or the interest of Trustee or Lender under this Deed of Tr-ust,Trus�or sha�l de�end the
<br /> �ctian at Trustvr's exp�nse. 7rustor may be th� nominal par�y in such proceeding, �ut Lender shall b�entifled fo
<br /> pa��icipa�e �n the proce�ding and to �e represented in the proceed�ng by counse! o� Lender's own choice, and
<br /> Trustor vuill de�i�er, ❑r cause�o be delivered,tn Lender such �nstruments as Lender may request from tim��o time
<br /> �❑permit such participation.
<br /> �ompliance �Vith La�uvs. Trustor warran�s tha� the Pr�perty and Trustor`s use of th� Prape�ty cvr�pfies wi�h all
<br /> exisfing appl�cabl�laws, ordinances,and�e�u�ativns of gove��menta!au�horities.
<br /> 5urvival vf Pramises. All promises, a�reemenfs, and stat�ments Trustor has rnade in this Deed of Trust shali
<br /> surviv�the execufion and delivery of�his Deed of Trust, sha�! be continuing in na#ure and shall rema�n in fu��force
<br /> and e�fec�un�i�such time as Tr€�stor's inde�tedness is paid in�uff.
<br /> E�CISTING lN�EBTEDNESS. The fo��owing pravisiflns�oncerning Existing Indebtedness ar�a part o�th�s Deed of Trust:
<br /> Existin� Lien. The lien vf this De�d of Trus# s�curing fhe fndeb�edness may be secondary and �nferior to an
<br /> existing lien. Trusfiar expressly covenants and agre���o pay, or see ta the payment o�, the Existing �ndebtedness
<br /> and to p�event any def�uli on such in�ebtedness, any d�fi�uit under the inst�umenfs eviden�ing such indebtedness,
<br /> or any defau��under any security documents for such indebtedness�.
<br /> h�o 11��dificativ�n. Trustor sha�� n�� enter into any agre�ment wi�h the holder of any m�rtgage, deed ofi trust, or
<br /> other security agreemen� which has priority o�er this Deed a� Trust by which that agre�ment is modi�ied,
<br /> amended, ext�nde�, or r�newed withou� the prior v�rrit�en cons�nt af Lender. Trustar shal� �either reqc�est nvr
<br /> accept any fufiur�advan�es under�ny such s�curi�y agreement withou�fhe prior wri��en consent of Lender.
<br /> �n�1D��IV►4TiDN. The fall�wing pr��isions relating�o candemnation pr�ce�dings are a part of fhis❑eed of Trust:
<br /> Rroceedfngs. If any proceeding �n condemna�ion is filed, Trustor sha[� promp�fy nvtify Lender in writ�ng, and
<br /> Trustor sha�€ promp�iy�take suc� steps as �ay be ne�essary to defend the act�on �nd ob�ain the awar�. Tr�astor
<br /> rrta�be fihe naminal party in such p�oceeding, but Lender shall be entitled�o par��cipate in the praceeding and to be
<br /> represented in the pro�e�ding by coun�el o€ i�s own choiee, and Tru�tor will deliv�r or �ause to be deliWered t�
<br /> Lender su�h instruments and documentation as may be requested by L�nder from time �o time to permit such
<br /> participation.
<br /> Applicatiar� of Net Pra�eeds. lf al�ar any►part of�he Property is condemned by eminent domain prviceedings or by
<br /> any pr�ceeding❑r purchase in lieu vfi condemnation, L�nder may af its election require�ha�all vr any portion af the
<br /> net proceeds of�he av�rard be app�ied to the fndebfedness or ti�e repair or res�aratir�n v�the Proper�y. The ne�
<br /> p�oceeds of�h�award shall mean the awa�d a�ter payment of al� reasonable costs, ex�enses, and aftorneys° fees
<br /> incurred by Trusfee or L�nd�r in�onne�tion with�he�vndemnation.
<br /> ItwIP�S1Tl+(]l� �F TA�CES, FEES AND CHAR�ES 8Y GOVERIV�E�ITAL AUTHORITIE�. The �ollowing pravisions �elatirsg
<br /> to gavernm�ntal�axes,�'ee�and charges are a par�af�his Deed of Trust:
<br /> Curren�Tax�s, Fees and �harges. Upon requesf by Lender, Trustor shafl exe�u�e such document� in ad�ition ta
<br /> this �eed of Trust and take wha�e�er other ac�ion is req�ested by Lender to pe�fect and continue Lender's lien on
<br /> the Real Praperfy. Tr�stQr sha!# reimburse Lend�r �or all �axes, as described below, together with a11 expenses
<br /> incurred in recordin�; perFec�ing or c�ntinuing fhis Deed of Trust, i�cfuding �vithout limitation a�l �axes, fe�s,
<br /> documentary stamps, and other charges fo�-recording❑�registering this❑eed o�Trus�.
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