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<br /> �E�eD �F T�L��T
<br /> ��on��n u�d� Page 3
<br /> Trus#.
<br /> Mainfienance of [nsurance. Trustvr shaf! procure and maintain polic�es nf f re insurance wi�h standard extended
<br /> co�erage endarsem�n�s on a �air valu� basis for �he fuli insurabl� �alue ca�ering al1 Impra�ernents on the Rea1
<br /> Property in an amount sufficient�to a�oid applicatian �f any�oinsurance clause, and w[th a standar� martgagee
<br /> claus�in�a�or af Lender,together with such other hazard and liabili�y insurance as L�nd�r may reasonably require.
<br /> Palicies shal� be written in farm, amaunts, cQ�erages and basis reasonab[y acceptab{e to Lender and issued by a
<br /> �ampany ar cvmpanies reasonab�y acceptable tv Lender. Trus�vr, upon request of Lender, vrrill de�iver�� Lender
<br /> frvm�ime.�tv time�he policies or cer�ificates vf insurance En form satisfactory�to Lender, inc�uding stipu[ations�ha�
<br /> caverages wili nv�be�ance![ed ar diminished withou�a�t least�hirty�30}days prior wr�tten notice ta Lender. Each
<br /> insurance palicy alsa shal[ include an endorsemen�prvviding�haf caverage in fa�vr af Lender will no� be impaired
<br /> in any way by any act, omission vr�e�ault of Trustor or any ather persan. Shauid�he R�al Property he located�n
<br /> an area designated by the Administrator of the Federa! Emergency IVlanagement Agency as a speciai flood hazard
<br /> area, Trusta� agrees to abtain and maintain Federal Flaad Insurance, if a�ailabfe; fvr �he maximum amount of
<br /> Trustar`s credit lin�and the fu II unpaid principa�balan�e of any prior liens an the praperty securing the loan, up ta
<br /> the maximum policy limits set under�he National Flaod[nsurance Program,ar as otherwise required by Lender,and
<br /> to maintain such�nsurance for�he term of the[oan.
<br /> Applicat�on of Prace�ds. Trustor sha[1 pr�mptly natify Lender af any lass or damag��o�he P�-aperty. Lender may
<br /> make praof �f Cass if Trus�or�aifs �to do sa within fifteen �'��} days of�he casualty. Whether ar not Lender's
<br /> se�urity�s impaired, Lender may, at Lender's e[ectian, recei�e and re�a�n fhe pro�eeds of any insuranc�and appfy
<br /> the praceeds �a �h� r�du�tivn a�fihe Indebtedness, payment af an�[ien a�fecting �he Praperty, or th� restoration
<br /> and repair of�he Property. lf Lend�r e[ects�o apply th� pr�ce�ds�o rest4ration and repair, Trustor shal[ �epair or
<br /> replace th� damaged or destroyed �mprovements in a manner satisfa�tary to Lender. Lender sha1�, upon
<br /> satisfaGtary proaf of su�h expenditure, pay ar reimburse Trustor from the proceeds �or the reasanahle cost af
<br /> repair vr res�oratE�n if Trustor is nvt in default under this Deed of Trust. Any proceeds which have not been
<br /> disbursed within 180 days after their receipt and which Lender has na� cammitted to the repair ar restarativn af
<br /> the Praper�y shal! be used firs�ta pay any amount awing to Lender under this Deed of Trust,then t4 pay accrued
<br /> interest, and#he remainder, i�f any, sha�l be app[ied�o �he principal balance of the Indebtedness. lf Lender holds
<br /> any prviceeds after paymen� in full af �he lndeb�edness, such proceeds sha[1 be paid ta Trustor as Trus�or's
<br /> �nterests may appear.
<br /> Compl�ance with Exis�ing lnd�btedn�ss. ❑uring the period in vuhich any Existing Indebtedness des�ribed below is
<br /> in effe�t, c�mplian�e with the insurance pravisions ��n�ained in the instrumen� evidencing such Ex�sting
<br /> Indeb�edness shai� canstifute �omplian�e with the insurance prQ�isivns under �his Deed af Trusf, �a the exten�
<br /> cnmpliance with �he ferms vf�his Deed vf Trus�wou[d consti�u�e a duplicafiion o� insu�ance requir�men�t. lf any
<br /> proceeds fr�m�he insurance became payab[e vn �ass, �he prvvisians in this Deed of Trust f�r division af praceeds
<br /> shall apply only�v tha�pvr�ian af the prv�eeds na�payable tv the holder vf the E�Es�ing Indeb�edness.
<br /> LENDER'S EXPEN�ITURES. If Trustor fails �A} to keep �he Property free af a!1 taxes, [iens, security in�erests,
<br /> encumbrances, and a�her claims, �B] to pra�ide any required insurance vn the Property, ��} tv make repai�^s to�he
<br /> Praper[y or to cnmply wi�h any vbliga��on�v main�ain Existin� Indebtedness in ga�d s�anding as requirec� below, �hen
<br /> Lender may dv so. If any ac�ion a� proceeding is commenced that v►rould mat�riafly affect Lenders interests in the
<br /> Property, then Lender vn Trustor's behaff may, hut �s nvt required �v, �ake any a�tian tha� Lender belie�es to k�
<br /> approp�a�e to protect Lenders infieresfis. All expenses incurred ot paid by Lender for su�h purpases wiil iGh�n bear
<br /> �nteres� at the rate charged under the Credit Agreement frvm �he date inGurred vr �aid by Lender fio the date of
<br /> � repayment by Trusf�r. A!f such expenses wi I I beoome a part of�he I ndebtedness and, at Lender's opt�an,wi f� (A} [�e
<br /> payable on demand; (6} be added ta the bafance of�he Cr�dit Agreement and be appvrtioned among and be payable
<br /> w��h any installmen#payments ta beoome due during either �'I} the term af any applicable insuranoe po[icy; vr ��} the
<br /> remaining�erm of the Credit agneernen�; or ��} be tr�ated as a baf[�an paym�nt which will b�du�and payab[e af th�
<br /> Gredit Agre�ment's maturity. The Deed vf Trust also will secure payment of�hesa arnounts. The rights pro�ided fvr in
<br /> this paragraph shall be in additian�a arry a#her righ�s vr any r�medies#�which Lender may be entitled on account of
<br /> any defaul�. Any such acfion by Lender shali not be canstrued as cur�ng the default sv as t� bar Lender�ram any
<br /> rem�dy that i�o�h�rwise vvou��ha�e had.
<br /> WAR�ANTY; DEFENSE aF TITLE, The�o[�owing proWisions relating#v awnership af the Pr�p�rty ars a part of th�s Deed .
<br /> of Trusf:
<br /> Tit[e. Trustor warranfis that: �a}Trustor holds gaad and marketable ti�le of record to the Property in fee simple,
<br /> free and clear�f all �iens and encumbrances o�her than thase set farth in the Real Prvpe�-ty des�ript�on ar in the
<br /> Existing Indebtedness sec�ian be�ow vr in any�itle insurance po[icy,title repart,ar fina�title opin�on issued in favvr
<br /> o�, and accepted by, Lender in connection with this Deed of Trust, and �b}Trustor has�he full right, power, and
<br /> au�hority to execute and deliver�his�eed of Trusf�o Lend�r.
<br /> Defense o�F Ti�le. Subjec��a �he except�on in the paragraph abo�e, Trusfor warrants and wil� forever defend the
<br /> title to the Property against fhe �avuful claims af al[ persons. In the e�en�any action or proceediny is commenced
<br /> �hat questian�Trustor's tit[e❑r the interest af Trustee ar Lender under�his Deed of Trus�,Trus�or sha[� de�end the
<br /> action at Trustor's expense. Trustor rnay be the nominal party�n such p�oceeding, but Lender sha[I be entitled to
<br /> parkicipa�e in the pro�eeding and �� be represenfed in the proceeding by counsel a� Lender's own chvice, and
<br /> Trustor wil[ deliver,or cause to be delivered,�o Lender such ins#ruments as Lender may request�rom time ta�ime
<br /> ��permit such participativn.
<br /> Compliance Wi�h L�ws. Trustor warran�s tha�the Praper[y and Trus�or's use v�the Property comp[ies with all
<br /> exisfing applEcable[aws, ordinances,and regu�at�ons of go�errimenta�authvrities.
<br /> Survi�al a# Pramises. All promises, agreements, and ��a�em�nts Trustar has mad� in this �eed of Trust shall
<br /> sur�i�e the execution and delivery o�this Deed of Trust,shall be Qontinuing in nature and shall remain in fu[I force
<br /> and effe�t u nti I such ti m�as Trustor's �ndek�tedness is paid in fu[!.
<br /> E�ISTING INDEBTEDNESS. Th�fvllowing pro�isions cancern�ng Existing lndehtednes�are a part of this Deed o�F Trust:
<br /> Existing L�en. The lien of this Deed o� Trust securing the Indebtedness may b� secondary and in�Ferior ta an
<br /> existing [ien, Trustor expressly co�enants and agrees to pay, or se�to fhe payment Qf, the Existing Indeb�edness
<br /> and t❑ prevent any default an such indeb�edness,any defaul�under fhe instrurnents evidencing such indebtedness,
<br /> or any d�fau[t under any security d�cumen�s for such indebtedness.
<br /> No 11Aodi�icativn. Trustv�-shall nvt enter into any agreement with the ho��er of any mortgage, dee� of trus�, �r
<br /> other securiiry agreement wh�ch has priority o�er this Deed af Trusf by which �ha�t agreemen�t is rnodifed,
<br /> � amended, extended, ar rener►ved with�ut th� prio�-vvritten consent of Lender. Trustor shalf ne�ther requesf nor
<br /> accept any futu re ad�ances under any such secu rity agreement wi�h o ut the priar writtsn consenf vf Lend�r.
<br /> C�NDEMNATI�N. The following pro�isions re[ating to condemnation proc��dings are a part of this Deed of Trust:
<br /> P�aceedings. [f any proceedin� in �andemnat�vn is filed, Trus�ar shall prornptly natify Lender in vuriting, and
<br /> Trustvr shall promptly fiake such s�eps as may be neoessary#a defend the activn and abfain the award. Trus�or
<br /> may be the nvminai party in su�h pro�eedin�, bu�Lender shafl be�n�itled tv participa�e in the proceeding and#o be
<br /> represented in the prooeeding by oaunsel of its own c�oEc�, and Trustor wi�l del��er ar cause�o be deli�ered to
<br /> Lender such ins�rumen�s and documenfiativn as may be reques�ed by Lender from firne to time to permit such
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