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2� 1 ��3229
<br /> i]EED �F TRUS�f
<br /> " Pa e 4
<br /> Loan Na: 'i�'i�95��'l ��o�tt�nue g
<br /> interests rnay appear.
<br /> LENDER'� EKPEiVDiTl1RES. !f Trustor fails �A� to {�eep the Prflperty free of alI taxes, liens, security interests,
<br /> en�um�rances, and oth�r�laims, {F3} fi❑ pro�ide any requrred insuranc�on �he Property, ar {C) to make repairs�o the
<br /> Praperty then Lender may do so. �f any a�tion or pra�eeding is commenced that would materially affect Lender's
<br /> infierests in th� Property, �hen Lender on Trustor's beh�ff may, bu�k is not required �a, �ake any action tha� L�nder
<br /> belie�es�o b� appropriate to prote�t Lender's �nterestse �ll expenses incurred or paid by Lender far such purposes will
<br /> then bear interest a�the rate �harged under the Note fror��he date incurred or paid by Lender�o the da�e of repayment
<br /> by Trust�r. A!I such exp�ns�s wilf be�ome a part of�he Indebt�dness and, a� Lender's op��on, wi�l �A� be payabie vn
<br /> demand; �By be added tQ the �alance of �he Nat� and be appo�-tion�d amon� and �e payai�le ►nrith any instailmen�t
<br /> paymen�s to becvme due during either 4�� the t�rm of any applicab�e insurance policy; or ��� �he remaining term vf
<br /> the Not�; or �C} be treated as a balloon payment which v►rill be due and payable at�he Nate's maturi�y. The Deed of
<br /> Trust also will s�cure payment a�these amounts. The rtghts pro�ided f�r in th�s paragraph shall be in additivn ta any
<br /> other rights �r any remedies t� whi�h L�nder may be entitled an account of any default. Any such ac�ion by Lender
<br /> sha11 nvt�e construed as curing the default so as to bar Lender from any remedy that it otherwEse would haWe had.
<br /> V1IARRANT`Y; C]EFEIVSE❑F T�TLE. The follawing pra�isio�s relat�ng�o ownership Q�F the Praperty are a part of this Deed
<br /> o�f Trust:
<br /> Tifile. Trustar Warrants �hat: {ay Trust�r holds gaod and maricetable tit�e vf rec�rd ta the Proper�y in fee simpfe,
<br /> free and clear ofi a[I [iens and encumbrances other�han �hose set forth in �the Real Property descript�on �r in any
<br /> ti�1e insuran�� p�licy, title t-eport, ar final ti�le opinion issued in faWor �fi, and accepted hy, Lender in cannection
<br /> wi�h �his Deed o�Trus�, and �b� Trus�vr has the full righ�r ��W@I"r and au�hori�y t� execute and deliWer this Deed nf
<br /> Trust to L�nder.
<br /> Defense of Tit�ee 5ubj�ct t� �he �xception in the paragraph abo�e, Trustvr warrants and will fore�er defiend �he
<br /> title ta the Pr�perty aga�nst�he lawfui claims of all persons. In �he e�ent any action ❑r proceeding is cvmmenced
<br /> �ha�questions Trustar's ti#3e or the int�rest of Truste� or Lend�r under this Deed of Trust, Trustar sha11 defend �he
<br /> action at Trustar's expense. Trustor may b� the naminal parfy in such �raceeding, but Lender shali be entitled �o
<br /> participate in �he proceeding and to be r�presented in the proce�ding by cvunse! flf Lender's own chaice, and
<br /> Trustar wil� deli�er, �r cause to b� deli�ered, to Lender such instruments as Lend�r may r�quest from time to time
<br /> �o pe�mi�su�h participationd
<br /> Compliance V11ith Laws. Trustor warrants �ha� the Property and Trustar's use ofi �he Pr�perty compfies with all
<br /> existing applicabl�laws, ordinances, and regulations❑f gv�ernmenta� authorities,
<br /> Surviva� of Prvmises. A[I promises, agreements, and statements Trustor has mad� in this D�ed of Trust shall
<br /> surWi�e the �xecut�vn and delivery�f this I�eed of Trust, shall �e continuing in nature and shall remain in full force
<br /> and e'ffe��until such time as Trus�ar's lndebtedn�ss is paid in full,
<br /> C�NDEMNATI�N. The foliovuing pravisi�ns relating tv cvndemnation proc�edings ar�a pa�-t o�f this De�d af Trust:
<br /> Praceedings. If any pr�ceeding in condemnati�n �s fi(ed, Trus�ar sha[I pramp�ly na�ify Lender in wr�ting, and
<br /> Trustor shall promp�ly talce such steps as may be necessary to de�end the action and obtain th� award. Trustor
<br /> may be�he nominal party�n such proceeding, but L�nder shall b�en�itled �a participate in the praceeding and tv be
<br /> represen�ed in th� pr�ceeding �y cvuns�l of its vwn choic�, and Trus�vr will deli�er or cause to be deliv�r�� to
<br /> Lender such �nstruments and do�umentatian as may be reques�ed by Lender from �ime t� time �o permi� such
<br /> par�icipation.
<br /> App�ica�ivn n�Net Proceeds. l�F afl ar any par�o�F the Property is candemned by�minent d�main prv�eedings or by
<br /> any prQceeding or purchase �n lieu af candemnat�on, Lender may at its election require�hat a11 ar any portivn of the
<br /> net proceeds of the award be app�ied to �he Inde��edness or the repair ar restoratian �f �he Property. The net
<br /> praceeds af the award shall mean the award after payment af all reasonabl� casts, expenses, and attorneys' fees
<br /> incurred by Trustee or Lender in cann�ction with the candemna�E�n.
<br /> 1MPQS�TIDN �F TAXES. FEES AND CHAFiGES SY G�VERl111VIENTAL AUTH�RITIES. The f�l�owing provisions relating
<br /> to governmen�al taxes, fees and charges are a �art ofi thi� D��d ��F Trus�:
<br /> Curren# Taxes. Fees and Charges. Upon request by Lender, Trustor shal� execute such d�cuments in addition �a
<br /> �his Deed vf Trust and take whate�er other ac�ion is reques�ed by Lender ta perfect and con�inue Lender's lien on
<br /> the Real Proper�ye Trustor shall reimburse Lender fo� all taxes, as described bel�w, tagether with ali expenses
<br /> incurred in re�arding, p�rfectin� ar con�inuing �his Deed af Trust, including wi�thout limi�ation aIl taxes, fees,
<br /> documentary stamps, and vther charges for r��ord�ng or registering�his De�d o�F Trust.
<br /> °Taxes. The foll�wing shal� �onsti�ute taxes t� which �his sectivn applies; {1} a spe�itic tax upon �his type o�
<br /> Deed of Trust or upnn a(I or any par� o�the Indebtedness secured by this Deed of Trust; {2� a spe�ific �ax on
<br /> Trust�r which Trustvr is authari�ed or required to deduct from paymen�s on th� Indebtedness secured by this type
<br /> of Deed af Trust; �3� a�ax an this type of Deed �f Trust chargeab�e against�he Lender or the holder of the Note;
<br /> and {4� a spec�fic tax on all or any portian of�he Indebtedness ar on payments of principal and int�res� made by
<br /> Trustor.
<br /> Subsequen� Taxes. If any tax to which this s�ctivn applies �s enacted su�sequent to the date of this Deed �f
<br /> Trus�, this eWent shall ha�� th� same effe�� as an E�en� of Default, and Lender may exercise any or all of i�ts
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