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<br /> �EEI� �F T'�UST'
<br /> Loan Na: 'I 1'1'I 735-� ����1t�l�u�d� Pag� 3
<br /> insured; �3y the amvunt o� the policy; �4y the prvperty insured, the then curren� repfa�em�nt value o� such
<br /> proper�y, and�he manner o�determining that Walue; and 45y the exp�ratiQn date af the poficy. Trustar shall, up�n
<br /> reques�v�Ler�der, ha�e an indep�ndent appraiser satisfaGtory ta Lender determine the cash�alue repla�ement�ost
<br /> af th� Prvp���y.
<br /> LENDER'S EXP�N�ITURES. If any acti�n ❑r p�oceeding is cvmmenced that wou�d materially affec� L�nder`s interest in
<br /> the Pr�per�y vr i�Trustvr fails to comp�y w�th any pro�isivn of th�s Deed vf Trust ar any Related Documents, including
<br /> but nat �imited ta Trustor's failure tv dis�harge vr pay when due any amaunts Tr�s�vr is required tv dis�harge or pay
<br /> under th�s Deed o�Trust or any Related Documents, Lender on Trustor's b�half may �but shalf no� �e obligated to} take
<br /> any action that Lender deems appraprEa�e� including bu� not limi#ed to discharging or paying al! �axes, liens, se�urity
<br /> interests, encumbrances and other claims, at any time �e��ed �r placed ❑n the Property and paying all �osts for�nsuring,
<br /> maintaining and pr�ser�ing the Prvperty. All such expenditures incurred ar paid by Lender �or su�h purposes wii! then
<br /> hear interest a�the rate charged under the No�e from th� date incurred ar paid by Lende� �❑ the date vf repayment �y
<br /> Trus#ar. Ail such expenses wilf become a pa�t vf the Indebtedness and, at Lender's �ptivn, wi�l �A� be payab�e on
<br /> demand; �g� he added to the balance of the Note and be apportioned amvng and b� payab�e with any installment
<br /> payments to became du� during either �1� the t�rm vf any applicabfe insurance policy; or {�} the remaining term af
<br /> the Note; �r �C} be treated as a ba��aon payment which will he due and payable a�t the fVv#e's maturity. The ❑�ed of
<br /> `T�ust alsv wi�1 secure payment af these amounts. Such right shall be in add��ion tv all o�her r�ghts and remedies t�
<br /> which Lender may be en�itled upvn �efault.
<br /> VIIARRANTY; ❑EFENSE�F TlTLE. Th�fvllvwing pro�isions relating�ko �uvnership vf the Property are a part a�r�his Deed
<br /> of T�ust:
<br /> Tit1e. Trustor warrants that: �a} Trustor halds good and marketable title o� record tv the 1'rvperty in fee simple,
<br /> free and clear o� all liens and encumbrances other than thase set for�h in the Real Prvperty descrip�ion flr in any
<br /> title insurance palicy, tit�e report, vr �inal �i�le opinian issued in faWvr of, and accepted by, Lender in cvnnection
<br /> with this E3eed v�Trus�, and �b} Trustor has the ful[ r�ght, pvwe�, and authvrity tv�xe�ute and de�i�er this �eed af
<br /> Trus��o Lender.
<br /> Defense of T�tle. Subject to the exception in the paragraph abo�e, Trustor warrants and will fore��r defend the
<br /> �it�e tv the Prvperty against th� law�Ful c�aims �f all persons. �n the e�ent any a�tion ar prflceeding is commen�ed
<br /> that questiflns Trustor's tit�e or the interes�of Trustee vr Lender under this Deed of Trust, Trustar shall defend the
<br /> actian at T�-ustor's expense. Trustor may be the nvminal party in such prviceed�ng, but Lender shall be entitl�d to
<br /> participate in the proceeding and ta be represented in the prvice�din� by cvunsel vf Lender's own �hvic�, and
<br /> Trustvr will de�i�e�, �r cause fio be d��i�ered, to Lender such instruments as Lender may request frvm time ta time
<br /> tv permit such part'tcipa�iond
<br /> Complian�e V11ith Laws. Trustor warrants that the Property and Trustor's use af �he Prap�rty compiies with all
<br /> existing app�icable laws, ordinances, and regufations ❑f go�ernmental authvritres.
<br /> Survi�al of Repre�entatians and Warranties. All representatians, warranties, and agreements made by Trustor in
<br /> this Deed �#Trus�shai! sur�i�e the execution and de�i�ery ❑f this aeed ❑f Trust, shaE� he continuing in nature, and
<br /> sha[f remain in full for�e and effect un�il such t�me as Trustar's Indebtedness shall be paid in full,
<br /> COND�MNAT1qN. The following prv�isivns relating t� candemnati�n �rviceedings are a part of th�s Deed a#Trust:
<br /> Pro�eedings. If any prviceeding Fn cond�mnation is #iled, Trustvr shaf[ promptly notify Lender in writing, and
<br /> Trustor shall promptly take such steps as may be nec�ssary t❑ defend �he a�tian and ❑btain the award. Trustor
<br /> may be the nominal party in such prviceeding, but Lender shall be entitled to participate in the pr�ceeding and to he
<br /> represented in the proceeding hy counsel af i�s vwn choice, and Trustvr wi�l deli�er or cause t� be deli�ered ta
<br /> Lender suGh inst�umen�s and dacumenta��on as may �e requested �y Lender fram time tv time tv permit such
<br /> par�icipati�n.
<br /> A�plicatian af Net P�oceeds. if a�� or any part of the Property is candemned by eminent dvmain praceedings or by
<br /> any proGeeding flr purchase in li�u af condemnatian, Lender may a� i#s eiection require that all ❑r any pa�tivn of the
<br /> net proceeds vf the avvard be applied t❑ �he Indebtedness �r the repair or restaration of the Property. The net
<br /> prviceeds ❑f the award shall mean the award a�ter payment af al1 reasvnab[e cvsts� expenses, and a�t�rne�rs' fees
<br /> incurred by Trustee or Lender in conne�tion uvith the condemnation.
<br /> lMPpSITI�N QF TAXES. FEES AIl�D CH►�FiGES BY GOVERIIIMEiVT'IaL AUTHORITIES. The fo�lawing provisivns relating
<br /> to governmental tax�s, fees and charges are a part�f this Deed vf Trus�t:
<br /> Curr�nt Taxes, Fees and Charges. Upon request by Lender, Trustar sha11 execute such documents in add�tion t�
<br /> this Deed vf Yrust and take wha�e�er v�ther action is reques�ed by Lender t� perfect and cvn�kinue Lender's Iien vn
<br /> �he Reaf Proper�y. Trustor shal! re�mhurse Lender �vr ai! taxes, �as described belvw, ��gether wi�h a�l expenses
<br /> incurred in re��rding, perfecting vr cvnt�nuing �his Qeed o� Trust, including without limitatian all �axes, fees,
<br /> dflcumenta�y stamps, and other charges fvr recarding ar regis�ering this aeed of Trust.
<br /> Taxes. The f��lowing shall canstitu�te taxes ta which this sectian applies: �1� a speci�ic tax upon this type of
<br /> Deed of Trust ar upon all or any part ❑�F the lndebtedness secured by this aeed v� Trust; �2} a speci#ic #ax an
<br /> Trustor which Trustvr is authvri�ed �r required t� dedu�t fram payments on the Indebtedness secured by this type
<br /> a� Deed a#Trust; �3� a tax an�his type of ❑eed vf Trust chargeable against the Lender or the halder af the Nvte;
<br /> and �4} a sp�ci#ic tax on all vr any portion vf the lndebtedness vr on payments of prEncipal and interest made by
<br /> Trus#or.
<br /> Subsequent Taxes. If any tax to �nrhich th�s sectivn applies is enacted subsequent t❑ th� da�e vf this Deed of
<br /> Trus�, �his e�ent sha�� ha�e �he same effect as an E�ent of Defaul�, and Lender may exercise any ar all Qf 'tts
<br /> a�ailable remedies far an E�ent ❑f De#ault as prv�ided below unless Trustvr either {1} pays the tax hef�re i�
<br /> becvmes delinquent, or {�y cvntests the �ax as pro�ided above in the Taxes and Liens section and deposits with
<br /> Lend�r cash vr a su�ficient�vrpvrate surety bvnd or other s�curfty satisfactory to Lender.
<br /> SECURlTY AGREEMENTY FINANCIIVG STATEMEl11TS. The fof��wing pro�isivns relat�ng to this Deed af Trust as a
<br /> security agreer�nent are a par�vf th�s �eed of Trust:
<br /> Security Agreement. This instrument sha�� cons�itute a 5ecurity Agreement tv �he extent any of the Property
<br /> canstitu�es fixtures, and Lender shal� ha�e a!i af the righ#s of a secured pa�ty under the l�niform �vr�-timercial Code
<br /> as amended frorrf time tv time.
<br /> Secur�ty Interesfe Upon request by Lender, Trustor shall take whatever ac�ion is requested by Lender t❑ perfiect
<br /> and continue Lender`s security inter�st in the Rents and Persana� Property. ln additivn to recording this Deed vf
<br /> Trust in the real prvperty �e�vrds, Lender may, at any time and without further au�hori�ation �rom Trustor, file
<br /> e�cecuted �ounterparts, �o�aies or reproductions vf this ❑eed of Trust as a financing statement. Trustor shall
<br /> re�mburs� Lender fvr ai! expenses incurred in perf�cting or cvntinuing this se�urity 6nterest. lJpon de�ault, Trusto�
<br /> shall na� remoue, se�er or de�ach the I'ersona� f'rope��y �rvm the Praper�y. Upan default, Trustv� shall assemble
<br /> any �ersvnal Property nv� affixed tv the Propert� in a manner and �t a place reasonably con�eni�nt to Trus�fior and
<br /> Lender and rnake �t a�ailable ta Lender onrithi� �hree {3� days a#ter receipt o� rivritten demand frorr� Lender tv th�
<br /> eacten�perrr�itted by applicah�� law.
<br /> Address��d The mailing addresses v� Trustor (debtorj and Lender {secured party} fr�m whiGh information
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