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2� 1 ��3133 DE�C] �F TRUST , Loan Na: �o��39D9 -{�ontinued� Page 4 Indebtedness sha�l canstitute compliance with the insuran�e pr��isians under �his Qeed �� Trust, t❑ the extent compliance with �he �erms of this ❑eed a�Trust wauld Gonstitute a dupliGation ❑� insurance requirem�nt. If an� prac�eds �ram �he insurance becvme payahle t�n ivss, �he prv�isions in this �eed o�T�ust#vr di�ision ❑f prviceeds sha�l apply on[y�to that portion v��he proceeds no�payab�e ta the holder o�the Exis�ing [ndebtedness. LENI]ER'S E�CP'EN�ITURES. If Trustor �ai�s {A� t�a k�ep th� Prvperty free ❑f all �a��s, liens. securi�y interests, encumbran��s, and ather cEaims, �B� tQ prv�ide any required insur�n�e on �h� Prop�r�y, ��y tv make repairs �o #he Property �r �v comply wifih any �blEgati�n to main�ain E�isting Ind�h'�edness in good s�anding as requir�d helaw, th�n Lender may d❑ so. if any aG�Civn ❑r proceeding is �vmmen�ed �hat wauld materi�liy affect Lender's in�eresfis in the Prape�-ty, then Lender on Trustor's behal� may, but is not required ta, take any action that Lender be[�e�es to be apprvpriate to pro�ect Lender's interests. A[[ expenses ir�curred or paid by Lender �or such purposes wiil �h�n bear interest at the rate charged un�er �he Note �rom the date incurred ar paid by Lender ta the date of repayment by Trcas#or. All such �xpenses ►r+ril] becvme a part af the lndeb��dness and, at Lender's �ptivn, wif� �A� be payable ❑n d�m�nd; {B] he ��ded �o the ba�anGe a# the N�te and be appo�tion�d among and be payable with any in�tallment payments ta becvms due during either {�� the term a�any applicable �nsurance pvlEcy; vr {2y the remaining �erm af #he Note, or �� be �reated a� a ballvon paymen�which wili b� du� and payable at�h� Nat�'s maturi�y. The Deed o� Trust also uvill secure paymen��#hes� amoun�s. The rights proWided �ar in �his par�graph shal[ �e in addition �o any oth�r rights or any remedies �a which Lender may b� entitled vn ac�aunt of any de'��ul�. Any SUCh �CtIOn by Lender shai! nvt be �onstrued as curing the de�aul�so as to bar Lender�rom any remedy that i�vth�r�nrise waul� ha�e had. WARRANTY; DEFENSE�F T�TL�. Th�#�1lowing pro��sians rela�ing to ❑wnership a�the Property are a �art❑��his Deed o�Trus�: Ti#[e. Trustvr warrants that: {a} �'rust�r halds go�d and marke��ble title of re�ord to �he Prr�p�rty in ��e simple, �ree and �I�ar af a!1 liens and encumbrances ofiher than thfls� s�� rth in the Re�l P�aperty des�riptivn ❑r in the Exis�ing indeb�edness sectian below or �n any�i'�le insurance palicy, titEe report, or finaf�itle ❑pEnion issued in ta�or ❑t, and ac�ept�d by, L�nder in �onnec�ion �i�h this Deed �f Trust, and �hy Trus�r�r has the tull righ�, pvw�r, and authari'�y tv execute and d�Iiver this Deed v��'rust to Lender. Defens� of Title. Sub�ect to the ex�eption �n the paragraph a�o�e, Trustar warrants and will fore�er de�end the title �o the Property against�h� lawfu� Glaims a�al� persons. In the e��nt any action or prviceeding is commen��d tha�ques�iQns Trusto�'s �it[e Qr th� interest v�Trustee or Lender under�his ❑eed of Trustr Trus�or sha�� defend the act�on a�Trustor's expense. Trus�vr may be the nQminaf par'�y in such proceeding, hu� Lender shall be �n�titled �o participa�e in �he praGeeding and tv �e �epres�n��d in the pro�eeding by caun�el �� Lende�'s own chvice, and Trus�v�will d�ii�er, ❑r�aus�� be deli�ered, �o Lender such instrumen'�s as Lender m�y request fram ��me t� time to permi�suGh pa�ticipa�ion. Compli�nce 1Ni#h Laws. Trustar war�ants �hat th� Praperty and T�ustor's use qf the PrQperty complies with all existin�applicahle laws, ordinan�es, and r�gulations��go�ernmental authorities. Sur�i►►ai of �rnmises. A!i promises, agreements� and statements Trus�vr has made in �his a�ed a# Trus� shall sur�i�e�he execution and d�ii�ery v��his Deed o�Trus�t, shali be con��nuing in na�ure and shall remain in ful� fo�ce and e��ect un�i!such time as Trustvr's Indebtedness i� paid in full. E��STfN� IN��BT�DNESS. The foflowing pra�Esivns canc�rning Exis��nr� Indebtedness �re � part v�this ��d vf Trus�: Ex�st�ng Lren. The lien o� �his Qeed vf Trus� securing the Indcbtedness may k�e secondary and in�e�ior ta an exist�nr� iien. Trustor �xpr�ssly co�enants �nd agrees�o payf or see to the payment❑f, the Existing lndeb�edness and tv pre�ent any de�au[t❑n suGh indeh�edness, an�default under the i��truments ��idencing such indeb�edne�S, vr any de�ault under any securifiy dacuments�or such indebtedness. Na Modification. Trus�ar sha[� nat enter into any agreemen� with the hofder v� any m�rtgag�. deed a# trust, ar other securit� �greement which has priority a��r �his ❑eed of Trus� by whiGh that agreement is modified, amended� ex��nded, ❑r renewed wEthvut the prior written cvnsen� of Lender, Trus�ar shall neither request nor acce�t any�u�ure ad�an�es und�r any such security agreement vui�haut the prior wri��n consen�of L�nder. C�NDEMNATl�N. The faElawin� pro�isions re�ating�o condemnatian proceedin�s are� part of this Deed v�Trus�: Proce�dings. E# any prv�eeding in cand�mnation is fs[ed, Trust�r shall prvmp�k�y notE�y Lender in wri�ing, and Trustar shall promptly �take such steps as may be n�csssary to de�end th� ac�ion and obtain the award. Trustor may be the nom�nal party in such praceeding, �ut Lend�r shall be entitled tn participa�e in�he proceeding and�o be rep�esent�d in the proceed�ng by �ounsef a� its ❑wn chaice� and Trustor wii� deli�er vr cause �o b� deli�ered t❑ Lendsr such in�truments and dacumsn"�a�ion as may be �equested by Lende� from time ta time to permit such par�icipativn. AppliGat�an v�Net Proc�eds. ��a11 or any part o��the Pro�erty is condemned by eminen�dvmain proce�dings or by any pr�Geeding ❑�purchas� in l�eu of�ondemnation� Lender may a��ts electiQn require tha�a�� r any portio� vf�he net prtaGeeds o� the award be appli�d �o the lndebtedness ❑r �he r�pair ❑r re��v�a��on o� the F��operty. The ne� praGeeds of�he award shall mean �he award after payment of all reasonable costs, e�€penses, and at�orneys' �ees incurred by Trus�ee ar Lender in connection with the condemnativn. �MP�51Ti�]N �F TAXES, FEES AND CHARGES BY G�VERNiI�lENTAL AUTHDRlTIES. The f�llvwing prv�isions re�ating to g��ernmenta��ax�s,��es and Gharges are a part❑f this De�d of Trust: