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2� 15�8444
<br /> DEED []F TRUST
<br /> �Continued} Pa�e 3
<br /> bond,reasonably satisfactvry to Lender,t�protect Lender's interest.
<br /> Duty to P�vte�t. Trustor agrees neither to abandon or lea�e unattended the Property. Trustor shall do a�l o�her
<br /> ac�s, in addifion to those ac�s set forth above in this sectian,which from the character and use of the Property are
<br /> reasonably necessary to protect and preserv�the Prvperly.
<br /> TAXES AN� LIENS. The foilowing prv�isivns relating to #he #axes and li�ns on the Property are part o�F this Deed �f
<br /> Trust:
<br /> Payment. Trustor shall pay when due�and in al�e�ents prior to delinquency}aIl taxes,speciai taxes,assessments,
<br /> charges�inciuding water and sewer}, fines and imposit�ons Ie�Eed against or on account o�the Pr�operty, and shali
<br /> pay when due al�claims tor work done on ar for servioes rendered or material furnished to the Property. Trustor
<br /> shal!maintain the Property�ree o�ajl jiens ha�Eng priority o�er or equal to the inter�st of Lender under this aeed o�
<br /> Trust, except for the lien of taxes and assessments nv� due, except for th� Existing lndebtedness referred to
<br /> below, and except as otherwise pro�ided in this Deed of Trust.
<br /> Ri�h�to Can#est. Trus�ar may withhold payment of any tax, assessmen�, or ciaim in cvn.nection with a gvod faith
<br /> dispute over the obligation�o pay, so Iong as Lender's interest in the Proper�y is not�eopardi�ed. lf a Iien arises vr
<br /> is filed as a result of nonpayment, Trustor shaf� with�n fifteen �15} days after the li�n arises or, if a lien is�iled,
<br /> with�n ffteen �15) days after Trus�or has natice of the filing, secure the discharge of�he lien, or if requested by
<br /> Lender,deposit with Lender cash o�a su�ficient corporate surety bond or other securi�y satisfactory to Lender in an
<br /> amounf sufFicient to dis�harge the lien plus any cosis and attorneys'fees, or o�her charges that could accrue as a
<br /> resul#of a foreclosure ar sale under the lien. �In any cantest, Trustor sha11 defend i#self and Lender and shall satisfy
<br /> any ad�erse judgment before enforvement against the Property. Trustor shaIi name Lender as an add�tional obligee
<br /> under any surety bond furnished in the contest proceedings.
<br /> E�idence vf Payment. Trustor shall upon demand�urnish to Lende�satisfactory e�idence of payment af�he taxes
<br /> or assessmen�s and shal�autho�ze the appropriate gv�er-nmenta�offrcia�fo deii�er to Lender af any time a wri�ten
<br /> statement of�he taxes and assessments agains�the Property.
<br /> N�tice of Canstruction. Trusto�shall no�i�y Lender at leas�fifteen �'15}days before any vuork is commenved, any
<br /> services are furnished, o�any mate�ials are supp�ied to the Property, if any mechanic's lien, materialmen's lien, or
<br /> o�her lien could be asserted on account of the wo rk, se�vices, vr ma�erials. Trustor w ill upon reques#of Lender
<br /> furnish ta Lender ad�ance assuranoes sa�isfactory to Lender that Trus�vr can and will pay the cost ot such
<br /> impro�emen�s.
<br /> PRQPERTY DAI�IAGE INSURANCE. The fallvwing pro�isivns reiating to insuring the Prvpe�ty are a part af this De�d❑f
<br /> Trus�.
<br /> Maintenance of Insurance. Trustor sha11 procure and rnain�ain policies a�fire insuranoe wi�h standard extended
<br /> co�erage endorsements on a fair �a1u� basis �or the full insurable �a[ue covering ali lmpro�ements on the Real
<br /> Property in an amount su�ficient to a�oid applicativn of any coinsurance Glause, and with a s#andard mortgage�
<br /> clause in fa�or of Lender. Trustor shall also pracure and mainfain cvmprehensi�e general liabiliiy insurance in such
<br /> co�erage amounts as Lender may request with Trustee and Lender being named as additivna! insureds in such
<br /> liability insurance policies. Additionally, Trustor shall maintain such other insurance, including but nvt [imited to
<br /> hazard, business in�erruption, and boiler insurance, as Lender may r�asonabiy require. Policies shall be vurif�en in
<br /> form, amvunts, co�erages and basis reasonably acceptable ta Lender and issued by a rompany or companies
<br /> reasonably acceptable to Lender. Trus�vr, upon reques� of Lender, will deli�er to Lender from time to time fhe
<br /> policies or certifcates o�insurance in form sat�sfac�ory to Lender, including stipulations that co�erages will not be
<br /> cancelled or diminished v+rithout a#least forty-fi�e �45}days prior written notice to Lender. Each insurance policy
<br /> also shall include an endorsem�nt pro�iding that co�erage in fa�or v�Lender will no#be impaired in any way by any
<br /> act, amission or de�ault o�Trustor or any other person. Should the Real Property be Iocated in an area designated
<br /> by the Admin�strator of the Federal Emergency Management Agency as a special fl�od hazard area, Trustor agrees
<br /> to obtain and maintain Federai Flood Insurance, if a�ailable,for the full unpaid principal balance o�the Ioan and any
<br /> pr�ior liens on the property securing the loan, up ta the maximum po[icy [imits set under the National Fload
<br /> lnsurance Program,or as othe�wrise required by Lender,and ta maintain such insurance for�he�term o�the Ioan.
<br /> Application of Prviceeds. Trustor sha11 promptly not�fy Lender of any Ivss or damage fo the Properky. Lender may
<br /> make proof of [oss if Trustor fails to da so within fifteen �15} days of the casualty. VVhether or not Lender's
<br /> security is Empaired, Lender may, at Lender's election, reoei�e and retain the prooeeds of any insuran�e and appfy
<br /> the proceeds to the reduction o�the Indebtedness, payment vf any �ien aff�cting the Property, or the restoration
<br /> and repair of the Property. [f Lender elects tv apply the proneeds to restaration and repair, Trustor sha[� repair or
<br /> replaoe the damaged or destrvyed Impro��ments in a manner satisfactory to Lender. Lender sha�l, upon
<br /> satisfactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of
<br /> repair or restora�ion if Trustar is not in defau[t under this Deed of Trust. Any proceeds which ha�e not been
<br /> disbursed within 18❑ days after their receipt and which Lender has not committed to the repair or restoration of
<br /> the Property shall be used first to pay any amount owing to Lender under this Deed o�Trust, then fo pay accrued
<br /> interest, and the remainder, if any, shall be applied to the principal balance vf the lnd�btedness. lf Lender halds
<br /> any proceeds after payment in full o� the Indebtedness, such proceeds shall be paid to Trustor as Trustor's
<br /> interests may appear.
<br /> Cvmpliance with Existing lndebtedness. During fhe period in which any Existing lndebtedness described below is
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