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2� 1 �� 1574 �� F ��`� �� I�o ��I�� . t��tir�u�� g� � �ny pre�ceeds a#t�r payment in �ull vf �h� Inde1�'�ednessr su�h pr�ceed� shal� be p�id ta Trus�ar as Trus�or's inte�es�s may appear. �ompli�nce w�th Exis$ing �ndeb�edness. During �he period in which any Existin� Indebtedness described belaw is in e��ect. compliance with #he insurance pro�isions contained in �he instrumen�t evidencing such Existing indebtedness �hall Gonstitute comp�ian�e with the insuranGe prvWisions und�r this ❑eed of Trust. tv the extent comp�iance with �he terms a�this Deed vf Trust w�uld constitute a duplicati�n of insuran�e requirement. !# any proceeds fr�m the insurance became payable on I�ss, the �ro�istons in this Deed ��Trust for division a� proceeds shall apply vn�y ta that p�rtivn❑f�he prviceeds nvt payable to�he holder o�the Exis��ng lnde�tedn�ss. T�'LlS��P''S R�por�vn Insc��n��, Upon request a� Lender, ho►nr��er n�t mar� than ❑nce a year, Trustar shall furnish to �ender a report an each e�is�ing poli�y o� insuranGe shvwing: {�j #he name �f the insu�er; t�� the risks insured; {3� �he amvunt v� the pa�icy; �4y the proper�y insured, �the th�n cu�ren� replacemen� �a[ue at suGh prQperty, and �he m�nn�r t�'�d�termsning tha��alue; and {5� the expi�atifln date of th� palicy. TrustQr sh�ll, upan r�ques��f Lender, h��e an �ndepcnden�appraEser s�tis#actory�a Lender de��rmin�the cash v�lu� r�pia�ement cast o��he Praperty. LE��ER'� E�PE��7lT'U�E�. i�any actian or proceeding is cammenced that would materially a#fEct Lender's in�ere�t in �the Property o� i�F Trus�vr fails to �ompfy with any pra�ision ��his ❑eed ��Trust a� any Related ao�uments, �nc�uding but np� ��m't�ed to Trus�vr's failure �v cvmpiy wi�h any �bliga�ian tQ maintain Existing indebtedness in good standing as required below, vr to discharge ar pay when due any amvunts Trustor is requir�d tv discha�ge or pay under this Deed of Trust or any Related Dvcumentsf Lender on Trustor's behal� may {but shalf not be obligated to} �a�e any action �hat L�nder deems apprap�iate, in��uding but no� i�mi�ed to discharging or paying a�l taxes, liens. s��uri�y interests. encumb�anc�s and o�he� ciaims, at any �ime le�ied or pla�ed fln �he Prap�rty and paying all cvsts for insuring� maintaining and pr�ser�ing �Me Property. A1� su�h ex�enditures incurred or paid by Lender#or such purpases wilf then bear interest at�the ra�te charg�d unde�the fVot� �rnm the date incurred ar paid �y Lender to -�he da�Ce of repaym�nt by Trusto�-. AI! such �x�enses w�i� become a parr ❑� the Indebtedness and, at Lender's �ptian, will {A} t�e payable an demand; {B} be added �a the balance o� the fVote and �e ap�ortioned among and be paya�le with �ny ins�allm�nt p�yments t❑ become due during either �1} �he�erm o�any appliGable in�urance po�icy; vr �� he rsn�aEnin� term �f �he fVv�e; vr �CS be trea�ed as a balloon paymen� which tinrill be d�ae and payab�� at�he fVv�e's maturity. The ❑eed of Trus� �Esa will secure paymen�C vf �hese amoun'��. Such right shall be in additian �a a!I other rights and remedie� �❑ which Lend�r may be en�i�led upon C�efaul�. '!�l�a�R►�►�T'Y: DE�E�15E DF TITLE. The�ollowin� pro�i�ions relatinr�to ownership v��he Property are a par-t o�this C�eed of Trust: Ti�l�. T�ustor �nrart�ants �hat: �a} Trus�or holds good and marketable title a� record to the Prvpe�ty in fee simple, free and clear ❑f all liens and encumbrances vther �han tfi�se set tQrfh in the Reai Prope��y descripfiian o� in the Existing Indebtedness se�tion belaw vr in any t�tl� insurance pvlicy, title report, ❑r�inal �i�[e vpinivn issued in fa�or af, and accep�Ced by, Lender in Gvnnectian with this Deed o�Trust, and �b� Trustvr has �he full ri�ht, paw�r, and authority ta e�ecute and deli�er this Deed of Trust ta Lende�. De��ns� of Yifl�. Subye�t ta the e�ception in �he paragraph a�o�e, Trustor warrants and will forever de�Fend �h� titl� to �the Property �gains��he 3awfuf claims of all persons. In the e�ent any a��ion ar praceedin� is �ommenced �hat questivns Trus�ar's �i�Ie ❑r�he in�erest�a'�Trus�ee or Lender und�r thi$ ❑eed vf Trust, Trustvr shaii de�end �he ac�ion a�Tru��or's expens�. Trustor may be the nvminal party in such prt�ceeding, bu� Lend�r shaff be �ntitled to participa�� in the pr�ceeding and t� be rep+r�sen�ed in the praceeding by couns�l o� L�nd�r's vvvn choice, �nd Trustvr wil! d�liver, ar cause to b� deli��red, t� Lender such instrumen�s �s Lender may request from time to �ime �o�perrrtit suGh par�icipation. �or�npliamce �!ili�h Lavvs. Trus�ar warran�s that '�he Praper�y and Trustor's use o� the Prvperty �ompli�s wi�h all existing appli�ab[e laws, ord�nances, and reguiativns of gv�ernmental authorities. �ur�i�al v� I�eg��sen�a�ions an�l I�Varran�i�s. All represen�ations, warranties, and agreements made by Trustor in this D�ed of Trust shall surWiv�the executivn and deli�ery of this �7eed of Trust, sha�l b� continuing in nature, and shall remain in full torce and effect until such�ime as Trus�vr's Ind�b�edness shall 1ae paid in�ull. E3�ISTINC INDE�T'EE�NESS. The fa�lvwing p�o�isions concernin� Existing lndeb�edness are a part o�this Deed❑f Trust: Exis�i�g Lien. The lien o� this D�ed ❑f Trus� securing �he �ndebtedness may be secandary �nd inferiar t❑ �n exis�ing lien. Trustor ex�r�ss4y cv�enants and agrees �� ay, or s�e '�o the p�yment o�, the Existfng lndeb�edn�ss and to.pre��n'�any default on�uch indebtedness, any de�ault under�he ins�rumen�s ��Edencin� such inde��edn��s, or any defaul�und�r any s�curity documen�s for su�h Endebt�dness. �o il�odifii��ivn. Trus�vr �haii not en�e� in�a any agr�err��n� with �h� hold�r v� any mar�g�ge, deed a� trus�, or cather �ecu�i�y agreemen� whiCh has priarity aver this De�d of 7rust by which �hat �greem�nt is mvdi�ied, am�nded, extended, ar renew�d ��hout �he p�ia� wri�ten c�nsen� o� L�nder. Trus�ar shall neiti�er reques� nor accept any future ad�ances under any such security agreement withou�the prior written�flnsent o�Lender. Gt��[3Ei�fii�I�TI��. The follvwing pro�fsions relating ta condemnation proce�dings are a par�❑f this Deed of Trust: PrviceOdings. I� any proceeding in condemna�ion is filed, Trustor shall prvmptly nnt��y Lender in writing, and Trustar shall prompt�y take such steps as may E�e nece�sary tv d��end th� activn and ob�ain �he a�ard. Trustor