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<br /> �3EE� t]F T�U�T
<br /> ���nt�nu�d� Page 3
<br /> �Vlain�enan�e of lnsuran�e. Trustvr shafl prvcure and rnain�ain p�licie� o�fire insu�ance with stan�ard extended
<br /> coverage endvrsements vn a fair va[ue basis �or the �uil insura�le �alue covering �il ir-npr�vements vn th� �eal
<br /> Prnpe� €n an amaunt sufficient f� a��id apptication a�any coinsuranc� clause, and w�th a star�dard mor�gagee
<br /> c�ause in fa�o�of Ler�der. Tn.�star shali alsv pracure and maintain comprehensive genera�liab��ity ir�surar��e in such
<br /> coverage amounts as Lender may reques�wi�h Tn.rstee and Lendet`being named as addit�ona[ �nsureds in su�h
<br /> Iiabiliiy insuran�e pvlicies. Add�tianally, Trusto�shal! rnair��ain su�h other insurance, including bu'� n�t iimited to
<br /> hazard, business in�errupfion, and boiler insuran�e, as Lender may reasanably require. Policies sha[I be written in
<br /> form, amounts, co�erages and basis reas�nably accep�able �� Lender and issued by a �ompany nr companies
<br /> reasonably ac�eptabie to Lender. Trustor, up�n request a� Lender, will de���er ta Lender�rom �irne to time�he
<br /> poiicies or�ertifica�es o�insurance in forrn sa�isfac�ory�� Lender, inciuding s�ipulatians that co�erages will not be
<br /> cancelled vr diminished wi�hvu�at least thirty�3�}days prior v►rrit�en no��ce to L�nder. Each�nsurance po�icy a�s�
<br /> shall inc�ude an endorsement pro�iding tha�co�erage in fa�ar❑�Lender will not b�impair�d in any way by any aGt,
<br /> omission or defaul�of Trustor o�any o�her persan. Shauld the Real Property be�oca�ed in an area designa�ed by
<br /> �he Adminisfra�or of�he Federal Emergency Management Agency a�a special flood hazar�i area, Trustor agrees�o
<br /> ot�tain and maintain Federal F�oad lnsurance, ��avai�ab�e, �ar the full unpaid principal ba�an�e af the loar7 and any
<br /> priar �iens ❑n the property securing the Ioan, up to the maximum policy lirnits set unde� the Nati�na! Flaad
<br /> Insuran�e Program,vr as vtherwise required by Lender,and to main�ain such insurance for the term of�he 1oan.
<br /> Application ❑f Rrviceeds. Trustvr sha[I pramp�ly notify Lender❑f any loss or damage t❑�the Prap�rty. Lender may
<br /> make provf of loss if Trustor fails ta da sa w�thin f�fteen t15} days of�h� casuaity. Ullhether ar no� Lender's
<br /> security is impaired, Len�ler may, at Lender`s electivn, receiv�and retain the praceeds vf any insurance and apply
<br /> �he praceeds ta the reduc�ivn af the �ndeb�edness, payment o�any[ien affecfing �he Prope►-�y, or the restara�ion
<br /> and repair vf�he Prapei-�y. 1�F Lender eZec�s to apply the praceeds to restoratian and repair,Trustor shall repair or
<br /> replace th� darnaged or destrayed lmpravernents in a manner satisfac�ary ta Lender_ Lender shal�, upon
<br /> sa�isfact�ry pravf of such expenditure, pay or reimburse Trustar from the proceeds for the reasonab�� cos� o�F
<br /> repair vr res�vra�ian if Trus�or is no� in default unde��his Deed of Trust. Any proceeds which ha�e nv� heen
<br /> dis�ursed wi�hin 180 days after fheir rc�eip� and which Len�er h�s na� cammitted�v�he repair❑r res�oration af
<br /> the Property shafi be used�rirst�a pay any amaun�owing�o Lender under�his Deed of Trust,then to pay a�crued
<br /> interest, and the remainder, if any, shall be appl�ed to the principa[ balance af the Indehtedness. Ifi Lender holds
<br /> any proceeds a�ter paymen� in full af the �nde�tedness, such proceeds shal! be paid to �rust�r as Trustvr°s
<br /> in�erests�nay app�a�.
<br /> �omplianc� wi�h Existing �ndeb�edness. During the period in whi�h any Existing �ndebtedness described helow is
<br /> in e�fect, compli�nce with fihe insurance pro��sians cantained in the ins#rumen� e�idenGing �uch Exis�in�
<br /> Indebtedness shall constitute compiianGe w6th �he insuranee pra�is�vns under thi� De�d af Trus�, ta �he ext�n�
<br /> compliance with the�erms of�his ❑eed Qf�'rus�wauld cvnstitute a duplication o�F insurance requiremen�. 1�any
<br /> prace�ds from the insurance became payable an 1�ss,the pra�isi�ns in this Deed of Trust�or�i�ision o�F praceeds
<br /> shall appEy onl�to�hat portion af th�proceeds no�paya�le�v the holder v�F the Existin�Indebfedness.
<br /> TE"L�5�4C�5 Report an [nsuranc�. Upon request of Lender, hawe�er r�at more than once a year,Trustor sha��furnish
<br /> �a Lende� a report an each existing pv�icy �f insurance shqwing= �'�} �he name ��the insurer; �2� the rEsks
<br /> insured; t3} #he amount of�he policy; ��} the praperky ir►sured, fhe then curren� repiacernen� value c��such
<br /> property, and the rnanner of determ�ning that value;and �5} the expirat€vn date vf the pvlicy. Trustor shall, upan
<br /> reques#o�Lender,have an independent appraiser sa�isfactory to Lender det�rmine the�ash�a�ue replacemen�cost
<br /> of the Property.
<br /> LENDE�.'S EXRENi]IT�RES. !f any ac�ian or p�+ooeeding is oommenced that w�uld ma�eria�ly a�fect Lender's interest in
<br /> the Property or if Trustor fa�ls tv camply with any pr��ision o�this Deed of Trus�ar any Related D�cuments, including
<br /> bufi nat limi�sd ta Trustor's failur��a camply vUith any abliga�ion to rt�ai��ain Existing {ndebtedness in go�d standing a�
<br /> required be�aw,vr�o discharge ar pay when du�any amounts Trustor�s required to disGh�rg�ar pay under�his�eed of
<br /> Trust or any Refated Documents, Lender on Trustor's behalf may �but shail not he obiigated tv}take any actian �hat
<br /> Lender deems apprapriat�, induding t�ut nvt Iimited to dis�harging ar paying aif taxes, I�er�s, se�urity interests,
<br /> encumbranoes and a�her daims, at any time le�ied ar pf aoed an the Property and paying a!! �osts for insuring,
<br /> maintaining and preserving the P�-aperly. A�f suc�e�cpenditur�s in�urred ar paid by Lender for such purposes wili then
<br /> bear interes�a�the rate charged under the Nate fram the date incur��d�r paid by Lender to th�date af repayrnent by
<br /> Trust�r. Ai1 such expenses wi�I become a park of the lndebtedness and, at Lenders opt�on, will �A} �e payable on
<br /> demand; tB} be added to fhe balanae of the Nv�e and be appv�kivned arnortg and be payable w�th any ins�allment
<br /> payments ta become due during either �1} the fierm of any appiicab[e insurance poficy; vr ��} the remaining�erm of
<br /> the Note;or �C} be t�-ea�ed as a bailaon payment whi�h wiEl be due and payab[�at the Nate's maturity. The�eed af
<br /> Trust also wi�i secure pa�men�of these amounts_ Such right shafl be in addit�on t� al[ other rights and remedies#o
<br /> which Lend�r may be en����ec�upon Default.
<br /> WARRANTY;BE�NSE�F TIYLIE, The follvwing pro�isivns rela�ing�v ownership of�he Property are a part�T�his De�d
<br /> �f T�-ust:
<br /> Title� Trustar warrants that: �a}Trustar holds go�d and marketable title o�rec�rd�o the Pr�perty in fee�impi�,
<br /> �ree and clear of al1 liens and encumbrances a�he�thar��h�se set��rth fn the Real P�vp�rty d�s�rip�i�n �r in�he
<br /> Lxisting �ndebt�dness sec�ian belaw o�-in any title insuran�e po�icy, �itl�repart, vr final tif[e vpinian iss�aed in favar
<br /> of, and a�cepted by, Lender-in connectivn wi�h this Deed�f Trus�, and �b�Trustar has the full righ�, p�wer, and
<br /> aufharity to execute and del��er this L�eed af Trus��o �ender.
<br /> Defense of Title. Subject to the exception in the �a�agraph abo�e, Trus�o�warrants and will forever defend the
<br /> title fv the Property against the lawfu� claims❑f all persans. �n�he event any actian ar proceed�n�is commenc�d
<br /> that questions Trustar's title�r�he interest of Trustee�r Lender under this Deed❑f Trust,Trustvr shai�d��end the
<br /> action at Trus�or's expense. Trustar may be the nominaf party in su�h procseding, bu�L�nder shall be entitled ta
<br /> participate in �he proceeding and ta be repr�sented in the praceeding by counsel of Lender's own choic�, and
<br /> Trustor wi[1 deli�er,ar cause to be defivered,ta Lender su�h instruments as L�nder rnay request from t�me t❑time
<br /> ta Qermit such parti�ipa�tian,
<br /> Comp[ian�� �J1�'ith Laws. Trustor warran�s that the Prvperty and T�-ustor's use af �he Prvper�y complies with ali
<br /> existin�applicable laws,ardinances,and regu�a�ions of governmental au�hvri�ies.
<br /> Survival �f Representat�vns and Warran�ies. all represent.ativns, warranties, and agreements made by Trus�vr in
<br /> this Dee�1 of Trus�shafl sus-�ive the executian and de�ivery of th�s Deed of Trust, shaf� be continuing in nature,and
<br /> shali remain in full�orce and effect until such�ime as Borrcawer's lndeb�edness sha�l be paid in full.
<br /> EXISTING rNaEBTEDNESS. The�a��awing prvWisions concerning Ex�sting Indebtedness are a pa�o�this Deed of Trust:
<br /> Exis#'rng Lrsn. The li�n of this ❑e�d of T�ust securing �h� indebtedness may be secondary and inf�r�or to an
<br /> exis�ing lien. Trustor expressly �aWenants and agrees�a pay, ar see to the paymsnt of, the Exis�ing Indeatedness
<br /> and to pre�en��ny defau�t on such indebtedness,any defaui�under the instruments evider�cing su�h indeb�edness,
<br /> or any def�ul�unde�-any se�urity dacuments ivr such�ndebtedness.
<br /> No iVl�d�fica�ion. �'r�sivr shall not en�er intv any agreemen�with the holder o�any rn�rtgage, deed ❑f trust, ar
<br /> other s�curity �gree�nent which has priarifiy a�er this ❑eed ��r Trus� by vvhich tha� agreemen� is �-nvdified,
<br /> amen�ed, �x�ended, or renew�d w�th�u# �h� prior wrii�er� consent �� Lender. Trusf�r shail neither requss� nor
<br /> accept any futur�ad�ances und�r any such se�uri�fiy agreement without the pr�4r written �ansent of Lender.
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