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2� 15�8�42
<br /> DEED �F TRUST
<br /> Loan No: '1�1�9'f'I 37 �C�r�tinued� Page 4
<br /> proceeds from t�e insurance ��cvme payable on I�ss. the pravisians in this Deed �f Trust for di�is�on of proceeds
<br /> sha�l apply�nly�a that p�rtion ofi the praceeds not payable to the halder of the Existing [ndebtedness.
<br /> LENDER'S EXPENDlTURES. f� Trustvr fai�s {A� to ke�p �he Proper�y free �� all �axes, liens, se�uri�y interests,
<br /> encumbrances, and a�fher claims, �Bf �o pra�ide any required insuranc� an the Property, {Cy ta mak� repairs to the
<br /> Pr�perty or �o comp�y vuith any ob�igativn to maintain Existing Indeb��dness in good standing as required below, then
<br /> Lender may dv so. �f any actian or praceeding is cvmmenc�d that would materially affect Lender's interests in the
<br /> Proper�ty, �hen Lender �n Trust�r's behalf may, bu� is n�t requir�d t�, take any ac�ion that Lend�r belie�es ta he
<br /> apprapria�e �o pro�e�� Lender's in�erests. All expens�s incurred or paid by Lender �or such purposes will then bear
<br /> interesx a�t the rate �harged under the Note �rom the date incurr�d or paid by Lender ta the date ❑f repaymen� by
<br /> Trustor. A!1 such e���nses will became a par� v� the [ndebt�dness and, a� Len�er's op�ion, wi�l �Ay be payable fln
<br /> demand; {B} be adc��d to the balance �f the Na�e and be apportion�d amang and be payabie with any insfiallm�n�
<br /> payments ta becom�due during either {1} the term o� any applicable insuran�e policy; vr ��} the remaining term of
<br /> the Nate; or {Cf be treated as a balloan payment which �rvill be due and payable at the Note's maturity. The Deed vf
<br /> Trusfi also will secure paymen� o�these amounts. The rights pra�ided f�r in this paragraph shall be in addi�ion to any
<br /> other ri�hts or any r�medies ta whicn Lender may be en�i�led on ac�ount af any d�faul�. Any such action by Lender
<br /> shall not be construed as curing�he defaul�so as ta bar Lencfer from any remedy�hat ifi ofiherwise woul� have had.
<br /> WARRANTY; ❑EFEN�E QF T[TLE. The following pr��isions relating to awnership of the Property are a part o�this Deed
<br /> of Trust:
<br /> Title. Trustar v�arrants tha�: {a} Trustor h�lds g��d and marketabl� titl� of racord to the Prap�rty in fee simpl�,
<br /> �ree and clear c�� a�l liens and encumbran�es other than �thas� set forth in the Real Prop�rty d�scriptian or in �he
<br /> Existing in�ebtedness section belaw or in any title insurance policy, ti�l� r�p�rt, �r�inal title op�nion �ssued in favor
<br /> ❑f, and ac��pte� by, Lender in connection with this Deed ❑�Trus�, and {by Trustflr has the fu[I right, power, and
<br /> au�harity to execute and deliver this D�ed vf Trus��o Lender.
<br /> De�Fense of T�tle. Subje�t to the exception in the paragraph above, Trustar warrants and will forev�r defend the
<br /> title to the Prap�rty a�ains�the law�ul claims �f ali pers�ns. In th� e�ent any action ar prnceeding is commenc�d
<br /> thafi questiflns T�ustar's title ar the in�k�rest of Trustee vr Lender und�r this Deed of Trust, Trustor shall defend fihe
<br /> act�on at Trus�t�r's expense. Trust�r may be the nom�nal party in such proceeding, bu�k Lend�r shall �ae entitled �o
<br /> participat� in th� proceeding and to be represented in the pr�ceeding by counsel of L�nder's vwn choice, and
<br /> Trusto�will deliv�r, or cause t� b��eliWered, �o Lender such instruments as Lender may request frvm �ime to time
<br /> to permi�such participa�i�n.
<br /> Campliance 1Nith Laws. Trustor warrants that the Property and Trus�or's us� of �he Prvperty complies with a!I
<br /> existing applicaa�e laws, ordinances, and regulations o�F gov�rnmental autharities.
<br /> Sur�ival of Pramises. All promises, agreements, and s�atements Trus�ar has made in this �3eed of Trust shall
<br /> surWive �he exe�utian and deli��ry of this Deed af Trust, shall be �ontinuing in nature and shall remain in full �farce
<br /> and effect until�u�h time as Trustor's Indebtedness is paid in full.
<br /> E�CISTING INDEBTE�]CVESS. The following pro�isions conc�rning Existing Indebt�dness are a part af this Deed af Trus�:
<br /> Exisfiing Lien. The l�en o� this Deed of Trust securing the Ind�b�edness may be secandary and infieri�r to an
<br /> �xis�in� li�n. Trustar expressly covenan�s and agrees to pay, ar see �o the payment of, �he Exisfing [ndeb�edn�ss
<br /> and tv pre�ent any default vn su�h indebtedness, any default und�r the instruments e�id�ncing such indebtedness,
<br /> ar any d�fault under any security dacumen�ks for such indeb�edness.
<br /> Nv illlod��ication. Trustor shall nat enter intv any agreement wi�h �he hold�r of any mortgage, de�d af trust, or
<br /> other security ag�eement which has priori�y o�er �his Daed of Trust by which tha� agreement is m�difi�d,
<br /> amended, extended, ar renewed without the pri�r wri��en consent of Lender. Trustor shall neither request nor
<br /> a�cept any future adWanc�s under any su�h security agreement withvut the privr written cansent af Lender.
<br /> ��IVD�MIVATE�N. The�following pra�isions rela�in�to condemnatian proceedings are a part of�his aeed�f Trust:
<br /> Pr�ceedings. Ifi any pro�e�ding in condemnati�n is filed, Trus�or shall promptiy notify Lend�r �n wri�ing, and
<br /> Trus�or shalf prompt�y take such steps as may be nacessary t� defend the actian and ob�ain the award. Trustor
<br /> may be the nominal party in su�h proceeding, �ut Lenc��r shall be ent�tled�o par�icipat� in the proc�eding and t❑ �e
<br /> rep�esented in the proce�ding by �ounsel vf its own �hoice, and Trust�r will deliver ar cause to be deliv�red to
<br /> Lender such instruments and documentation as may b� requeste�l by Lender �from time fio fime t� permit such
<br /> par�i�ipat�on.
<br /> Appiieafiian❑f Net Prviceeds. If all or any part of the Praper�y is condemned by eminen�t domain proceedings or by
<br /> any proceeding or purchase in lieu o�cvndemnativn, Lender may at i�s electian require that alf or any portion of the
<br /> net proceeds o� the award he applied to �he �ndebtedness or the repair a� restoration of the Prvperty. Th� net
<br /> proceeds of the award shall mean the award after payment of all reasQnable cvsts. expenses, and attorneys' f�es
<br /> incurred by Trustee Qr Lender in cflnn�ction with tne candemna�ivn.
<br /> IMPOSITIaN OF TAXES, FEES AND CHARGES BY GQVERNtVIENTAL AUTH�RITIES. The ���lawing pro�isians relating
<br /> to governmental taxes, fees and charg�s are a part ofi this Deed of Trus�:
<br /> Current T'axes, Fees and Char�es. lJpon requ�s� by �en�ier, T�ustor shall exe�ut� such docum�n�s in addit�on to
<br /> this De�d o�Trust and take whatever o�her action is requested hy Lender to per�ect and cvn�inue Lender's li�n �n
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