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<br />� 2� 1 �� 1 �87 �
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<br />� I�EEI] �F TRl��T '
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<br />; Lnan iNv: "14'�2�571� ���7n`���1u�d� Pag� 4
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<br /> fpayments �a become due during ei�her ��} the �erm of any applicable insurance po�icy; or �2� the remaining �erm of �
<br />' #he No�e; �r �C} be �rea�ed as a bafloon payment �ivhich will be due and payable afi the Nate's ma�ur�ty. The Deed of �
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<br />:' Trust also wifl secure payment a� �hese amoun�s. The r�ghts pro�ided far in �his paragraph sha�l b� in addi�ion �o any '
<br /> ather righ�s or any remedies �o which Lender may be en�i�led on account a� any default. Any such ac�ion by Lender
<br />;' shaif na��e construed as curing the default s� as�a bar Lender fram any remedy�ha�t it o�herwise w�uld ha�e had, �
<br />, WARRAiVTY: DEFENSE�F TITLE. The�ollawing pro�isions relat�ng to ownership af the Prop�rfy are a part of this Deed �
<br />: of Trust: ,
<br />� T'itle, Trus�or warran�s tha�: �a} Trus�or holds good and marl�etable �itle o� record ta the Property in fee simple, �
<br />� free and clear a� al[ liens and encumbrances o�her �han those se� for�h in �he Real Property d�scription or in any �
<br /> title insurance policy, ti�le report, or �inal tit�e opinion issued in fa�or a�, and ac�ep�ed �y, Lender in cannection �
<br /> wi�h this Deed o�Trust, and �b� Trusto� has �he fu�l right, pavver, and autharity to execute and de�i�er this Deed ofi ,
<br />� Trust�o Lender�
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<br />; D�fense ❑f Title. Subjec� t❑ �he exception in �he pa�a��aph abo�e, Trus�or warrants and will �o����r defend the i
<br /> �i�le to the P�aperty against �he Iaw�Ful claims of a�l pe�sons. In the e�ent any ac�ian ar praceeding is commenced �
<br /> that quesfiions T'rus�or's title or the interesfi ofi Trustee ❑r Lender under fihis Deed of Trust, Trus�or shal� ��fend the �
<br /> action a� Trustor's expense. Trusto� may be the rtominal par�y in such proceeding; but Lender shall b� entitled �a � `
<br /> par�icipa�e in the proce�ding and to be represen�ed in �he praceed�n� by counsel of Lender's �wn ch�ice, and �
<br />; Trus�ar �rvill de[i�er, or cause �a be de�i�ered, to Lender such ins�rumen�s as Lender may reques� firom time t❑ �ime
<br />, t❑ permi�such par�icipation,
<br />; _
<br />� Complian�e Wi�h Laws. Trustor warranfis that �he Pr�perfy and Trus�or'� use of �he Property corpplies wi�h all
<br />` existing appficab�e laws, ordinances, and regulatians of governmental au�horities,
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<br /> 5ur�i►►al a� Promises. A[E promises, agreemen�s, and statements Trustar has made in thfs peed of Trus� shall
<br />; sur�i�e fihe execu�ian and deli�ery t�f this Deed of Trus�, sha�l be �ontinuin� in na�ure and shall r�main in full force
<br />' and ef�ec�unti� such time as Trustor's lndebtedness is paid in fuif.
<br /> C�NDEMNATI�N, The �o�lowin� pra�isions relating to condemnation praceedings are a part o�this Deed of Trus�:
<br />� Pro�eedings. 1� any proceeding �n �ondemnafiion E5 fi�ed, Trustor shall pramptly na�ify Lender in writing, and
<br /> Trusfi�r shall promptly take such steps as may b� necessary �o de�end the action and obtain the award, Trus��r
<br /> may be the nominal party in such praceeding, but Lender shall b� en�i�led to par�icipate in�he prt�ceeding and t❑ be
<br /> represented in the proceeding by caunsel a� its ❑wn chaic�, and Trus�or will deli�er ar cause fa be deli�ered �o
<br /> Lender such �nstruments and dacumentation as may b� re�ues�ed �y Lender from ��me �o time �❑ permi� such ;
<br /> parti�ipation.
<br /> Applica�ian of Ne�Proceeds. If all or any par��f the Property is candemned by eminent domain proceedings ar by
<br /> any proceeding ar purchase in [ieu ❑f candemnation, Lender may at its election require that aii ar any par�ion af the
<br /> ne� proceeds of the award be app�i�d to �he lndebfiedness or the repair �r res�ora�ion of the Proper�y. The ne� ;
<br /> praceeds of the award shall mean the award a�ter payment of all reasonable cas�s, expenses, and attorneys' fiees ;
<br /> in�urred by Trus�ee or Lender in cannection wi�h�he candemna�ian.
<br /> IIVIP�S�Tl�N QF TAxES. FEES AND CHARGES BY G�VERNNiENTAL AUTHORITIES. The fioliowing proWisions relating �
<br /> to go�ernmentaf taxes, fees and charges are a pa�t❑��his Deed af Trust: ,
<br /> Current Taxes, Fees and Charges. Upon request by Lender, Trustor shall execute su�h documents in additian to
<br /> this De�d ❑�Trus� and �ake wha�e�er other action is reques�e� by Lender to per�ec� and continue Lender's lien on
<br /> fihe Real Pr�per�y. Trusto� sha[I reimhurse Lend�r for all fiaxes, as described belaw, together with all exp�nses
<br /> incurred in re�ording, perfecting or can�inuing this Deed of Trust, in�luding withoufi limitation all taxes, �ees,
<br /> documentary sfiamps, and ather charges �or re�ordin� or regis�erEng this De�d of Trust. �
<br /> Taxes. The �o�lowing shall consti�u�e �kaxes to which this sec�ion applies: �17 a speci�Fic tax upon this �ype o� _
<br /> Deed nfi Trust or upan all �r any part o�F fihe Indebtedness secured by this Deed o�F Trust; {�} a specific tax on �
<br /> Trus�or which Trustor is au�harized or required t❑ deduc��rom payments an �he Indebtedness secured by this �ype �
<br /> ❑f Deed o�Trust; �3} a tax an �his fiype o�F Deed af Trust chargeable against�he Lender ar�he halde��f�he Note; �
<br /> and {4� a specifi� tax on all ar any portian o��he Indebtedn�ss or ❑n payments o� princtpal and inter�st made by �
<br /> Trustor.
<br /> Subsequenfi Tax�s. If any tax to which this se��ion appfies is enac�ed subsequen� t❑ �he date ❑� �his ❑eed of
<br /> Trust, this e�en�t shal! ha�e �he same effec� as an Er�ent of Defauit, and Lender may exercise any or all ❑f i�s �
<br /> a�ailabie rem�dies fo� an E�ent af aefault as pro�ided below unless Trus�or either �1} pays the �ax before it
<br /> becomes delinquent, or {2} �ontests the �ax as pro�ided aba�e in the Taxes and Liens sec�ion and deposits wi�h
<br /> Lender cash ar a su�ficien�carporat�surety bond or o�her securi�y satisfactory to Lender.
<br /> SECURITY AGREEME[VT: FIIVANC[IVG �TATEMENTS. The �ollowing pra�isions relating to this Deed of Trust as a
<br /> securifiy agreemen� are a part❑f�his Deed o�Trus�; `
<br /> Securi�y Agreement. This ins�rumen� shall constitute a 5e�urity Agreement �o �he extent any af the Properfiy
<br /> consti�utes fix�ures, and Lender shail ha�e ali of the rights of a secured party under�he Uni�orm Commercia� Code
<br /> as amended��om �ime t❑�ime,
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