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2� 15�8499
<br /> ���� �� �����
<br /> ����ti n u�d} �age �
<br /> Payment, Trus�o�shall pay when due �and in al!e�ents �rior�o de�inquency}all taxes, speci�[taxes, assessments,
<br /> charges {including water and sewe�-}, ��nes and imposi�ions le�ied agains�or on account�f the Prop�r�y, and sha�l
<br /> pay u�hen due ai� �iaims �or�vork done ❑n or far ssrvices rendered or materia� furnished to the Praperty. Trus�or
<br /> shali m�intain the Prope�t�r�ree of al� liens ha�ing prior�ty o�er ar equal to the int�res�of Lender-unde�this �eed of
<br /> Trust, �xcep� for the lien o� taxes and assessments not due, e�cept �or the ExEs�ing �ndeb�edness refe�red �o
<br /> be�aw, and except as otherwise pro�ided in this Qeed fl�Trust.
<br /> Right�o Cvn#est. Trustor may wi�hhold payment�f any tax, assessment, or cla�m in cannection with a good faith
<br /> dispute o�er the obligation ta pay, so long as Lender�'s �n#erest in the Property is not jeapardized. I�a iien �rises or
<br /> is fled as a resul� of nonpayment, Trustvr shal! within fi�keen �15} days after the I�en arises or, i�a lien is filed,
<br /> wi#hin fi�teen ��5} days a�#e�Trustor has notic�: of the fling, s�cure the discharge o�the lien, vr if requested by
<br /> Lend�r,deposi�wi�h Lender cash or a suff�c�en�corporate sure�y bond�r o#her securi�y sa#isfactory to Lender in an
<br /> amaunt�uffic�ent to discharge the lien plus any costs and attorneys'fees, or other charges tha�cou�d accrue as a
<br /> result❑fi a fareclosure or sale und�r the iien. In any contes�, Trustor shall defend i�seif and Lende�and shall satis�y
<br /> any adverse judgment befare enf�rcement a�ainst the Prapetty. Trusto�shall name L�nder as an additiona�obligee
<br /> under any surefiy bond furnished in the contest proceed�ngs. -
<br /> Evidence of Paymen�. Trustor shall upon demand furn�sh �o �.ende�sa�is�act�ry e�idence of paym�nt of the taxes
<br /> o�assessm�n�s and shall au�hori�e the appropriate go�ernmental official to deli�er t� Lende�at any time a written
<br /> statement o��he taxes and assessments againsf the Property.
<br /> Notice vf ConstruGtion. Tru�t�r shall n�tify Lender at least fi�te�n ���} days before any war�k is commenced, any
<br /> services are fur�ished, or any mate�ial� are supplied ta the Property, if any mechanic's ]ien, ma�erialmen's �ien, ar
<br /> o�her lien could be asse�ted ❑n �ccount of the wark, services, or mat�rials. Trustar wilf u pan request ❑f�.ender
<br /> fu�nish to Lender ad�ar�ce assurances sa#isfactory to Lender �hat Trustor can and w�ll pay the �ost o� such
<br /> impro�emen�s.
<br /> PROPERTY❑AMA�E �NSURANCE. The fall�wing provisions relating to insuring the Property are a part of fhis Deed of
<br /> Trust.
<br /> Maintenan�e of Insurance. Trus�or shall procure and ma�nta�n palicies o�'fire insurance with s#andard extended
<br /> co�erage �ndorsements on a rep�acemen� basis for the �u�l insurable �alue �a�ering all lmpro�emen�s on the Real
<br /> Prope�ty in an amount �uffici�nt �o avaid application af any coir�surance c�ause, and wi�h a s�andard mot�gagee
<br /> clause in fa�ar of Lende�,togethe�with such other hazard and liability insurance as Lende�may reasonably require.
<br /> Policfes sha�l be wri��en in �orm, amounts, co�erages and basis �easonab�y accep#able �o �ender and issued by a
<br /> company or campanies reasonab�y accep�able �o Lender. Trustor, upon request o� Lender, will deli�er to Lende�-
<br /> �rom t�me�o time the po�ici�s or cer#ificates o��nsuran�e in form sa�isfac�ory�o Lender, including s�ipulations�hat
<br /> co�erages wiil not be can�e�led or diminish�d wi�hout at least ten ('[0} days priar written notice ta L�nder. Each
<br /> insurance policy aiso shail include an endorsement proWiding that coverag� in favar of L�nder will not be impaired
<br /> in any way by any ac�, omiss�on or default of Trustor or any other pe�son. Shou�d the Rea� Prope�y be located in
<br /> an area designated by#he Admit�istratar of the Federal Erne�gency Managem�nt Aget��y as a spe�ial flao� hazard
<br /> area, Trustor agrees to obta�n and maintain Federa� F�ood Insuranc�, i� availabl�, far the maximum amoun� of
<br /> Trus#or's credit line and the full unpa�d principal balance of any pr�or liens ort the proper�y securing#h��oan, up ta
<br /> the maximum p��icy limits set under�he Na�ional Fload Insurance Program, or as otherwis�required by Lender,and
<br /> �o maintain such insurance�or the term of the loan.
<br /> Applicativn o�Pr�ceeds. Trustor shall promp��y nati�y L�nder a#any lass or damage to the Pr�vperty. Lender may
<br /> make proaf �f loss if Trust�r fails to d❑ s❑ wi�hin ffteen �15} days of the casual#y. VIIhe#her or nat Lender's
<br /> security is impaired, Lender may, a� Lender's eiectian, recei�e and retain the praceeds of any insurance and apply
<br /> the p�oceeds to th� reducti�n of the �ndebt�dness, payment of any lien affecting the Property, or#he restora�ion
<br /> and �epair of the Proper�y. �f Lender elec#s to app�y the proce�ds to restoration and repair, T�-ustor shall rep�ir or
<br /> rep�ace the damag�d ❑r destroyed �mpro�emen�s in a manner sa�isfactory to Lender. Lende� sha�1, upan
<br /> satisfiac�ory praof of such sxpenditure, pay or reimburs� Trustor from the proceeds €or th� reasonable Gast o�
<br /> repair or restora�ion �f Trustor is nat in defaul� under this Deed o�F Trust. Any pro�eeds which ha�e no� been
<br /> disbursed w�thin '18Q days after their receip� and which Lender has no� committed �o the repai� ar restoration o�
<br /> the Proper#y shafl be used first fio pay any amount owing to Lender under this �eed of Trust, then to pay accru�d
<br /> interest, and fhe remainder, i-�any, sha�l be app#ied to the principal balance of�he lndebtedness. lf Lender holds
<br /> any proceeds af�er payment in full o� the Indebtedness, such procseds shall be paid to Trustor as Trustor's
<br /> interests may appea�.
<br /> C�mpiiance with Exist[ng lndebtedness. Durin� �he p��-iad in which any Existing Indebtedness described below is
<br /> in effe�t, �omp�ianc� with the insuranc� pr��isions con�a�ned �n the ins#rum�nt evid�ncing such Exis�ing
<br /> Indebt�dness shaii con��i�ute �ompliance with the insurance pr�visions under this Deed of Trust, to the ex��nt
<br /> campiian�e with th� terms ❑�r this Deed of Trust would const��u#e a duplica#ion of insurance requirement. If any
<br /> proceeds from the insurance become payab�e on lass, the pra�is�ons in this ❑eed of Trust�for dE��sian of pra�eeds
<br /> sha��app�y ofl�y to that por�ion a#the proceeds not paya��e�o the hofder o�the.Exist3ng lndebtedness.
<br /> LEhiDER'S EXPENDlT�RES. If Trus�or fails (A� tQ keep �he Pr�per�y ft�ee of ail tax�s, liens, security interes�s,
<br /> encumbrances, and o�he�claims, �B} �a pro�ide any t-equir�ed �nsu�an�e ❑rt the Rroperty, ��} �o m�ke repai�-s�a the
<br /> Prope�ky or to cflmp�y�ith any abiigation ta main�ain Existing lndebtedness in gaod standin� as required below, then
<br /> Lend�r may do sa. If any ac�ion ar prc�ceeding is commenced that wouCo ma#erially affee� Lender`s interests �n the
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