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��15�49US
<br /> �EE� �F TRU�T
<br /> Lvan No: '��'I�87375 ����1t�nued� Page 4
<br /> cvmpliance with the t�rms of this Deed o� Trust wauld eons�i�ute a duplicat�on of insurance requirem�nt. I� any
<br /> proc�eds�ram �he insurance become payable on loss, the provisions in this ❑eed of Trus�far di�ision of pra�eeds
<br /> shall apply only to that par�ion of�he pra�e�ds not pa�able t❑the ha�der o��he Existing lndebtedness.
<br /> LENDER`S EKPENaITURES. [� Trustor fails �A} t❑ keep the Property free of afl taxesr II�C15, se�uri�y interesfis.
<br /> �ncumbran��s, and ��her claims, �6y to pro�ide any required insuran�e ❑n the Property, tC� to ma[ce repairs �❑ the
<br /> Property or ta camply wfth any �biigation t� maintain Exis�ling Indeb�redness in goad standing as required b�lovu, �hen
<br /> Lender may do s�. I F any a�tion ar praceeding �s cammenced that would materially affec� Lender's in�erests in the
<br /> Praperty, then Lender on Trustar's behalf may, but is na� required to, talte any �ctian that Lender believes tfl be
<br /> apprapriat� to pratec� Lender's in�eres�s, A�I expenses incurred or paid by Lender far such purposes will �hen bear
<br /> in#eres� at the ra�e charged under �he Nate fr�m �h� date incurred or paid by Lender tfl the da�e of repaymen� by
<br /> Trustor. Ali such �xpenses wii� become a par� a� �he Indehtedness and, afi Lender's opti�n, will �A} be payab�� on
<br /> demand; �By be added t❑ th� ba[ance ❑f the Nofe and be apportioned amang and be payable ►rvith any insta[iment
<br /> payments �ro be�ame du� during either �1} the term of any applicable insu�ance policy; or ��� �he remaining terrn vf
<br /> the Na�e; or �C} be treated as a halloan payrnent whiGh will be due and payak�le at the Note's maturifiy. The ❑eed of
<br /> Trust �ISD WIII SeCUI'G p��1CYleII� O��heSB amaunts. The rights pr�Wided for in this paragraph shall be in �d�li�ian �a any
<br /> other rights or any �emedies ta which Lender may be entitled on account of any default. Any such acti�n by L�nder
<br /> shall nQt be construed as Guring the �efau�fi so as to bar Lender fram any remedy that it❑�herwise v►rould ha�e had.
<br /> WARRANTY: QEFENSE�F T1TLE. The following praWisians relating to❑wnership af th� Property are a par�a�this De�d
<br /> of Trust:
<br /> Title. Trustor warrants that: [a� Trustar holds goad and marketable title of record t❑ �the Prop�rty in fee simple,
<br /> free and clear of ail Iiens and encumbran�es o�lher than those set forth in the Real Property descriptian or in the
<br /> Existing Indeb�edness sec�ion �efaw or in any�itle insurance palicy, ti-tle report, or fiinal �i�le opini�n issued in f��or
<br /> af, and accept�d by, Lender in cannection with �rhis D�ed af Trus�, and �b� Trus�or has �he full right, power, and
<br /> au�hority to execute and d�liver this D��d c�f Trust to Lender.
<br /> De�ense af Title. 5ubje�t t� the exceptivn in �he paragraph aboWe, Tru�tor warranfis and wil( fi�rever defend th�
<br /> �itle ta the Property agains�the law-�ul claims �f all persons. ln#he e�en�any action ar praceeding is cornmence�l
<br /> that questivns Trustor's�itle nr�rh� inter�st af Trus�ee or Lender under thi� Deed ��Trust,Trustar shall defend the
<br /> action at Trustor's expens�, Trustor may b�the nflminal party in such proceeding, but Lender shall be en�i��ed�o
<br /> part��ipate in the praceeding and t❑ b� repr�sented in the praceeding by caunsel ❑f Lender's ❑wn chai�e, and
<br /> Trustar will deli�er, vr�ause fio be delivered, �� Lender such instruments as Lender may r�quest fr�m time to time
<br /> ta perrni��uch par�icipafiion.
<br /> Complian�e V1lifih Laws. Trustar v►rarr�nts �ha� �he Pra�er�y and Trustar's use of the Property complies vuith all
<br /> existing applicahle laws, ❑rdinances, and regu�ations o�go�ernmen�al au�harities.
<br /> Sur�i�a� af Promises. AII prornises, agr��ments, and s�atements Trustvr has made in this Deed �f Trust shall
<br /> surv��e the executian and deli�ery of this ❑eed of Trust, shalE be cantinuing in nature and sha[I r�main in fu�l farce
<br /> and ef�Fect unti�such�lime as Trustor's Indebtedness is paid in full.
<br /> E�iSTIIV� [NDEBTEDNESS. The�Follawing pr�visions concerning Exist�ng Indebt�dn�ss are a par��f this Deed o�f Trust;
<br /> Existing Lien. The lien of this Deed of Trust securing the Indebtedness may be sec�ndary and inferiar t❑ an
<br /> existing lien. Trusfiar expressly ca��nants and agrees to payr or see to the pa�ment❑f, �he Existing indebtedness
<br /> and t� pre�ent any default on su�h indebt�dness, any defauit under the instrumen�s e�idencing such indebtedness,
<br /> or any defaul�under any security documents for su�h indebtedness.
<br /> No IVlodificat�on. Trustar shall no�t enter inta any agreement wi�h the holder of any mortgage, deed af �rus�, ❑r
<br /> ❑ther security agreement which has priori�y ❑ver �his Deed of Trust by which tha� agre�ment is modified,
<br /> amended, e�ctended, or renewed vi►ith�ut the pri�r written �ansent ❑f Len�ler, Trus�or shal! n�ither requ�st nor
<br /> accept any fu�ure advan�es under any such security agreement withou�the prior wri#-�en consent o�F Lender.
<br /> ��NDEfVINATI�N. Th�following praWisions re[ating�o candemnatian pr�ceedings ar�a part af this ❑eed a�F Trust:
<br /> Pro�eedings. If any prace�ding in condemnation is fiiled, Trus�or shall prompt�y natify Lender in wri�ting, and
<br /> Trustor sha[I pram�tEy talce such steps a� may b� ne�essary t❑ defend the action and obtain �he award. Trus�or
<br /> may be the nominal pa�ty�n su�h pro�eeding, but Lender sl�all be entitled t❑ par�icipate in the proceeding and to be
<br /> represen�ed in the proceeding by Counsel of i�s own �hoice, and Trus�or wilf deliWer or �aus� �a b� delfWered to
<br /> Lender such instrurnents and dacurnentati�n as may be re�ucs�ed �y Lender fram �irne to tim� to permit such
<br /> par�icipatifln,
<br /> Applicatian o�IV��Proceeds, If all or any part of the Property is condemned by eminen�domain proce�dings or by
<br /> any pro�ee�ing❑r pur�hase in lieu af condernna�i�n, Lender may at its�lection require�hat a!I ❑r any pa�tion of the
<br /> ne� proceeds ❑f the award b� applied �❑ the Indebtedness or the repair or restaratian o� ihe Property. The ne�
<br /> pr��e�ds of the award shall mean the award aftsr payment oi a�l reasanable costs, expenses, and att�rneys' �Fees
<br /> incurred by Trustee❑r Lender in c�nnection with�he candemnatian.
<br /> �MP�SITl�N ❑F TAxES, FEES AND CHARGES BY G�VERNMENTAL AUTH�RiTIES, Th� faliawing pro�isians relating
<br /> to go��rnmen�al�axes, f�es and charges are a part a�F this Deed❑f Trust;
<br /> Curr�n�Taxes. Fees and Charges. L1pon reques� by Lender, Trustar shall execute such dacuments in additian ta
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