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2� 1 ��3�2� DEED C]F TRL�ST LQan No: ��72�39�� {�[�ntlnu�d� �'age 4 be�ie�es ta be appropria�e to prc��Gt Lender's intere��s. All expenses in�urred or paid hy Lender#vr such purposes will then bear in��r�st afi the rate charged under�h� Nv�e from'�he da�e �n�urred or paid by Lend�r t❑the da�e vf repaymen� by Trustor. All such expenses will become a par�of the Indebtedness and. at Lend�r'� option, will {A� be payable ❑n demand; �B� be added tv th� bafance v� the Nvt� and be appar�ioned among and be payable wi�h any instailment payments to b�come due during �ither �'E} the term ❑f any appl�cable insurance pvlicy; o� �� the remaining term o� the Note; ar �Cf be trea�ed as a bailoon payment which will �e du� and payab�e at the No�e's ma�urity. The Deed of Trust als❑ will secure paymen�t o��hese amounts. The rights pra�ided for in th�s para�raph shall be in addit�vn ta any ❑ther righ�s ar any remedies to which Lender may I�e entitled �n accaun� of any default. Any �uch action by Lender shall nvt be construed as curing�he d��au��sv as ta bar Lender�rom any remedy that it otherv�rise wauld ha�e had. V1fARRA�VTY: DEFENSE�F TITLE. The�ollawing provisivns re�a�ing t❑ownership o�the Prvperty�re a par�vfi this De�d a'�Trust: Title. Trustt�� warrants that: {�f Trustor holds gt�vd and mar4�e�ab1� titile of r�cord �ra �he Property in ��e simple, �ree and Gl��r ❑f a[� li�n� and encumbrances o�her '�han thase s�� vr�h in the Real Pr�per�y desGrip�ian ar in any title insurance poficy, title r�pvrt, ❑r final title ❑pini�n issued in �aWor o�, and a�G�p�ed by, Lend�r in Gonnec�ion with�his Deed v�Trust, and �b} Trust�r has�he full right, power, and authority�o exe�ute and deli�er�this Deed of Trust to Lender. Defense of Ti�ie. Subsec� t❑ the exception in �h� paragraph abo��, Trustor warrants and wili �ore�er defend the title �o the Property against the lawfu[ �laims of all persans. !n the e�ent any ac�ion vr proc�eding is commenced that questions Trus#ar's��1e or the interest nf Trus�ee or Lender under this aeed a�Trus�, Trustvr sha[! d�fend the action at Trustor's expense. Trus�or may be the namina� part� in such proceeding, but Lender shall b� en�i�led to participate in the proce�d�ng and to be represented in the proceeding by caunsel o� Lendet`5 v►�vn ch��ce, and Trustor wilE deli�er, or Gause�o be deli�ered, to Lender suGh instruments as Lender may reques�frvm time ta tirn� to permit such participatie�n. Compliance Vlli�h Laws. Trus�or warrants �ha# �he Property and Tru��ar's use ❑� �he Praperty complies with alt existing applic��le �aws, ordinanc�s, and regula�ivn�o�g��ernmen�aE �uthari�ies. Sur�i�al a� �'romises. All prorr�ises, agreem�nts, and statemen�s Trustor has mad� in �his f]e�d v� Trust shall sur�ive the �xecutivn and deli�ery af this D��d a�Trust, shall be �antinuing in na�ure and shall remain in tull �orGe and effec�until such�ime as Trus�or`s Indeb��dness is paid in�ull. CUN�EMNATI[]N. The follawing pro�isions �-ela�ing tn Gondemnatipn prviceedings are � part�f this D�ed af Trust: Prviceedings. if any proce�ding in condemnation is filed, Trustar shall promp�ly no�ify Lender in wrEtin�, and Trustor shal! pramptiy �ake such s�teps as may be necessary to de�end the action and obtain the aw�rd. Trust�r may be the nominal par�y in sueh praceeding, but Lender shall be�ntitled to participate in�he proceeding and tt� be represented in �he proceeding by counse! o� its own choice, and Trus#or wi�l deli�er or �ause t� be deli�ered to Lender such instrumen�ts and dv�umen#ati�n as may be reques�ed by Lender from time t� tirne t❑ �ermit such participa�i�n. � Applica�ian a�Net Pro��eds. If afE ar any part of�he Property is cvndemned by eminen�domain praceedings ar by any pr��eeding or purGhase in li�u a�cand�mna�ivn, Lender may a�i��{ection require�hat all or any pvr�i�an ❑f�he net pro�eed� vf �he award be �pplied to �he �nd�b�edn�ss �r th� r�pair or restor��ion o� th� Prap�r�y. The net proceeds Q��he a►rvard �hall rr��an the award a��cr payment of all reasonable casts, expenses, and a��orneys' �ees incurred by T�us�ee or Lender in connectian wi�h�he cvndemna�ion. 111�PQSITI��1 C]F TA�ES. FEES AND C�ARGES gY ��VERNMENTAL AUTH�R�TZES. The following prt�Wisions relating t�governmen�al�axes, fees and charges are a par�C of thi� Deed��Trus�: Curr�nt Taxes, Fees and Charges. lJpnn reques� by Lender. Trus�or shall exe�ute su�h documents in addition �v this Deed of Trus�k and take whate�er other act�on is requested by Lender to per�ec� and cflntinue Lender's lien ❑n the R�a! Praper�y. Trustor shall reimburse Lender for all taxes, as described belaw, tage�her with all expenses in�u�red in recording, per#ecting or can�inuing this Deed vf Trust, including without limi�a�ian ai� �ax�s, fee�, dacumentary s�amps, and o�her�harges�ar recarding �r registering this Deed❑f Trust. Taxss. The fvlfowing shat! con�titute taxes tv which this sec�i�n applies: {�� a specific �ax uR�n �his type a� peed ❑f Trust ar upon all or any par� of the Indebtedness secured i�y this D��d vf Trusti �� a speci�ic tax ❑n Trustor which Tr�star�s authari�ed o< <equired fiv deduct#rom p�ym�nts ❑n�he Indeb��dness secured by��is�ype ❑f Deed ��Tru�t; �3� a tax on�his type of I�e�d v�Trus# chargea�l� �gainst the Lender or the holdEr��he Nat�; and {4� � speci#�c tax tin all ar any pvr�ion a�F�he �ndeh�edness t�r on paymen�s o�principal and in�er�s� made by Trus��r. Suhsequent Taxes. !f any �ax t❑ whEch this se�tivn applies is enacted subsequ�nt to �he dat� o� th�s Deed of Trust, �his �vent shall haW� the same effeG� as �n E�ent af ❑e�ault, and Lend�r m�y exercise any ❑r all �� its availabl� remedies for an ��ent ❑f Defaul� as pro�ided befaw unless Trustor es�h�r {�} pays the tax be�vre it becomes delinquent, or {�y can�ests the tax as pra�ided above in �he Taxes and L�ens section �nd depasits with Lender cash or a su�Ficient corpvrate surety bond or❑ther securi�y sa�isfactvey to Lender. SECURiTY AGREEMENT; FiNANCING STATE�IIENTS. The �a��owing p�-o�isions re�a�ing �❑ this Deed vf Trust as a security agreement are a part o�this Deed a�Trus�: