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i � � 2� 1 ��2� 11 �3EED �F TRUST ; Laan Nv: 'i�'I�9432� {��nt�nued� Page 4 1111aintenance v� lnsurance. Trus�or shall pr��ure and maintain policFes ❑� fi�re insurance wi�h s�andard extended coWerage endvrsements ❑n a �air �alue basis -�or �he full insurable value ca�ering all Improvements on the Real �� Property in an amaunt sufficient t❑ a�oid appli�atian ofi any coinsurance ciause, artd wi�h a standard mor�gagee clause in�avor o�Lender. Trustor shall als❑ pracure and maintain camprehensi�e general liability insurance in such � Gv�erage amoun�s as Lender may request with Trusfiee and Lender being named as add�tional insureds in such � liability insurance palicies. Additianally, Trustor shall maintain such ❑ther insurance, including bu� no� limited tv � hazard, business infierrup�ion, and boiler insuran�e, as Lender may reasanably require. Pa�icies sha�[ �e wri�ten in form, amounts, cv�erages and basis reasonably ac�eptab�e �o Lender and issued by a company or companies reasonalaly accep�able to Lender, Trus�or, upon request ❑f Lender, wi�� deli�er tv Lender �rom �ime tv fiime the ' policies ❑r cer�ificates o�insurance in form sa�isfactory tv L�nder, including s�ipulations�ha�ca�erages wi�( not be cancelled vr dfminished withou� at least�en {�� days pri�r wri�ten nafi�ce fio Lender. Each insu�ance policy also ; shall �nclud�an endarsemen�proW[ding that co�era�e in fa�ar❑f Lender will not be impaired in any way by any act, ' vmissivn or default af Trustor or any o�her person. Should the Rea[ Property he lacafied in an area designated by � the Adminisfiratvr o�F the Federal Emergency Management Agency as a special �FIood ha�ard area, Trustvr agrees to vbtain and main�ain Federal Flood �nsurance, �� a�ailable, wi�hin 45 days after nvtice is gi�en by Lender tha��he � Proper�y is Ivcafied in a specia��load hazard area, �ar fihe fiull unpaid principal k�alance ❑f�he Ioan and any priar liens � ❑n�he prvper�y securing�khe laan, up�o�he maximum policy limi�s se�under the Nativnal F[ood Insurance Pragram, ar as fl�herwise required by Lender, and fi❑ maintain su�h insurance�For the�erm vf fihe �oan. � Appti�ation of Prviceeds. Trustor shai[ pramp�ly no�ify Lender af any [oss ❑r damage t❑the Prvperty. Lende� may make proo�f of loss if T�-ustnr �ails fio do so within fifteen ��5} days of �he casualty. Whe�h�r ❑r not Lender's � security is impaired, Lender may, a�k Lender's election, �-ecei�e and re�ain�khe praceeds ❑fi any insurance and apply � the proceeds tv the reductian vfi fihe 1ndelatedness, payment ot any ��en affecting the Praper�y, or the res�orafiian and repair ❑f the Praperty. 1� Lender e(ecfis t❑ apply the praceeds �o �-estvra�ion and repair, Trus�a� shall repa��r❑r ; replace the dama�ed or destrayed Impro��menfis in a manner satis�ac�ary �k❑ Lender. Lender sha[I, upon � sa�is�actory proof af such expenditure, pay or reimburse Trus�or from the proceeds for �kh� reasanab[e cos� n� repair or restora�ion if Trustar is not in default under this Deed o� Trust. Any pra�eeds which ha�e nvt laeen disbursed wi�hin '�80 days af�er their re�eipt and whiGh Lender has nat cvmmifit�d to the repair ar restoration �� the Prope�ty shall be used first to pay any amount❑wing fia Lender under�his ❑eed of Trust, then to pay accrued � in�erest, and �he r�mainder, i� any, sha�� be applied to th� principal ba�ance v�F�he lndeb�edness. I� Lender ho�ds any proceeds after payment in full of the �ndebtedness, such proceeds shall be paid �n Trustor as Trusfior's interes�s may appear. Cvmplian�e wtth Exis�ing Indeh#edness. Dur�ng the period in which any Exis�ing Indel�tedness described 1ae�ow is �n effe�t, Gompliance with the insuran�e pro�isions �ontained in the instrument e�idencing such Ex�st�ng � lndeb�edness shall constitu�e compliance with the insurance pro�isions und�r this Deed of Trus�, to the ex�ent ' �ompliance wi�h the terms ❑fi�his aeed ❑f Trus� would constitute a duplication af insurance requ�rement. I�F any proceeds �ram the insurance become payable on �oss, �he pro�isions in this Deed vf Trus��r di�isi�n ❑�prviceeds shall apply anfy�a�ha�p�rtion a�th� praceeds not payabie�❑�he halder�f the Exis�ing Indebtedness. Trus�vr's R�port on Insuran�e. Upvn reques�❑f Lender, howeve� not more�han ❑nce a year, Trustor shall �urnish �ko Lender a repart an each existing policy o� insurance showing: ��} the name af the insurer; �2} �he risks insured; {3� �he am�un� of �he palicy; �4} the praperty insured, the �hen current �-epla�ement �alue v� such property, and the manner af determining tha��alue; and �5} fihe expiration date ❑f�he policy. Trus�or shall, up�n requesfi o-�Lender, ha�e an independen�appraiser sa�tis�factory�❑ Lender de�kermine the cash�a�ue repla�ement cos� ; ❑�the Prope�-ky. . LENDER'S EXPEN�ITURES. If any a�tion vr praceeding is commenced that wauld materially af�ec� Lender`s in�eres�in fihe Property vr if Trustor fails �o comply with any pra�isson of�his Deed o�Trust�r any Rela-�ed D�Guments, including , but not limi�ed ta Trustor's -�ai[ure to �omply wi�h any obliga�ivn to mazntain Exis�ing Indebtedness in good s�anding as requ�r�d belov+i, vr to discharge or pay when due any amoun�s Trus�or is required t❑ discharge❑r pay under this ❑eed of ; Trus� or any Re�a�ed �ocuments, Lender on Trus�or's behalf may (but shall not be ❑bliga�ed fiv} �ake any action that �. Lender deems appropria�e, inc�uding but not limited �o discharging ❑r paying all fiaxes, liens, se�uri�y in��rests, � encumbran�es and afiher c�aims, afi any �ime [e�ied or placed on �he Prvperty and paying all C�5�5 �vr insuring, � maintaining and preser�ing the Pr�perty, All such expendttures incurred ❑r paid by Lender for such purpvses will then , hear interes� a��he ra�ke charged under the Note from the da�e in�urred or paid by Lender fio�he date of repayment by Trustor. AII su�h expenses w�[� hecome a part ❑f the lndebtedness and, a� Lender's optian, ►nril� �A� be payable ❑n demand; �g� be added to the balan�e vf the Note and be apporti�ned amang and be payable with any insta�imen� - � payments to become due during either {�� he term o-� any applicab�e insurance po(icy; o�- ��} the remaining �erm �� �he N��e; �r �C} 1�e trea�ed as a balloon payment whi�h will be due and payable a��he N�te's maturi�y. The ❑eed ❑f � T�us�t alsa will secure paymen� of these amoun�s. Such right shalf be in addi�ion to all a�her righ�ts and remedies �❑ whi�h Lende�-may be en�itled upon ❑efault. �JVARRANTY; ❑EFENSE DF TITLE. The�ollowing provisions relating to ownership of the Property are a part vf this Deed of Trus�: ; Ti�[e. Trustar warrants that: �a� Trustar holds good and marketab�e title of record t❑ �he Praperty fn fee simple, ' free and clea�- of all liens and en�umbrances oth�r �han those set fiorth in the Rea[ Property descrip�ivn ar in �he Existing lndeb�edness sec�ion befow or in any tit�e insurance po�icy, ti�le repor�, ❑r�inal title ❑pinion issued in #a�vr of, and accep�ed by, Lender in connec�ian wi�h this Deed a#Trust, and {h� Trustor has the full righ�, pawe�-, and