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2� 1 ��339�
<br /> DEE�3 �]F T'�U�T`
<br /> ����t��u�d} Page �
<br /> Property in an amount su�fic�ent #o avoid appl�cati�n of any �oins�rance c�ause, and with a s�andard ma�tgagee
<br /> �lause in fav�r of Lender,#oge�her�r4r�th such v�her ha�ard and liabi�ity�nsurance as Lender may reasona�ly require.
<br /> Palicies shaf� be wri�t�n in form, amounts, �a�erages and basis reasonably a�c�ptable to Lender and issued by a
<br /> company ❑r c�mpanies reasanab�y acceptable tv Lende�. TrustQr, upon reques�of Lender, will deli�er tv Lender
<br /> fram time#o time �he palic�es �r�ertifcates flf insurance in farm satisfa�tory t� Lender, �ncluding stipu�atiQns that
<br /> caverages wi[I n�t be cancelled Qr dimin�shed without at�e�s�thirty �3D}days prior�uritten noti�e to Lender. Each
<br /> insurance pol�c}� alsv shall include an endar�ement provid�ng tha� co�e�-age in fa�or �f Lender will not be impaired
<br /> �n any way �y any act, omission vr d��ault of Trustor;ar any o�her person. 5hould the Rea� Pr�p�rty be lo�ated in
<br /> an area des�gnated by the Administrator of th� F�d�ral Em�rgency Management Agency as a special flaod hazard
<br /> area, Trustar agrees to abtain and maintain Federal��iv�d �nsurance, if a�a�fable, �vr the maximum amount of
<br /> T�-ustor's credi�line and�he#u�i unpaid principal balance flf any prior liens an#he prvperty securing the lnan, up to
<br /> the maximum palicy I�rn��s set under#he Nati�nal Fload lnsurance Rragr�m,or as afiherwis� �required by Len�er,and
<br /> to mainta�n such insurance f�r the�erm vf the�oan.
<br /> Application o�Proceeds: Trustar shal� promptly notify Lender af any loss❑r damage�o the Pr�perty. Lender may
<br /> make prov�F af Ioss i� Trustor faifs �❑ dv sa vui�hin fifteen �'15} days o� the casualty. 1111he�her ar not Lender's
<br /> secur��y is impaired, Lender may, a� Lender`s ele�tivn, r�cei�e and re�ain �he pra�eeds❑f any insurance anc�apply
<br /> #he pro�eeds fo #he reductian ot the Indeb�edness, payrnent o�any �ien affecting �he Proper�y, �r the r�staration
<br /> and repair af the Proper�y. �f Lender elect��o apply the proceed�ta restarativn and rep�ir, Trustor shall repair ar
<br /> repia�e the damaged or destroyed CmproWemen�s in a manner sa�isfa�tary �❑ Lender. Lender shalf, upan
<br /> sa�isfac��ry praaf �f such expenditure, �ay or re€mbu�se Trustar frvm �he proceeds for the reasflnable ca�t a�
<br /> repair ar restora�ion i�F Trus�or is not in defaul� under �his ae�d af Trus�. Any proce�ds which ha�e no� been
<br /> disbursed wi�hin '�8D days after their receipt and�rvhich Lender has no� �ammitted tv the repair❑r restara�ion af
<br /> the Pr�perty shalf be used fi�-s�to pay any amoun�o�niing ta Lender under this �eed a�Tru�t,then t� pay a�crued
<br /> interest, and the remainder, �f any, sha�l be app�ied tv the pr�ncipa� halance of the lndebtedness. If Lender ho�ds
<br /> any prviceeds aiter paym�nt in full vf the lndebtedness, such prvc�eds shall be pa�d to Trust�r as Trustor's
<br /> �nteres�s may appear.
<br /> Comp�'rance wi�h Ex�sting lndeh��dr�e�s. DurEng '�he perivd in which any Existing lndebtedness described belov+� is
<br /> in e�fec#, c�mp�iance �vi�h �he insurance pro�isions contained in the instrumen� e��dencing such Existing
<br /> lndebtedness sha�l constitute camp�iance wi�h the insurance prov�sians und�r this Deed af Trust, �a �he ex�en�
<br /> campliance wi�h the �erms of this Deed v�Trust wou[d �vnstitute a dupkica�ian of insurance requirement. Cf any
<br /> praceeds from �he insuranc� became payable an lass;fihe pro�isians in this Deed of Trust for d;�ision of praceeds
<br /> shall apply only to that po�tian❑�the pro�eeds not�ayable to the holder of the Existing �ndebtedness.
<br /> LENDER'S EXPEND�TURES. !f Tru�tvr fails �A} t� keep �he Prc�perty f�-es v�F all taxes, liens, securi�y interests,
<br /> encumbrances, and ather Giaims, �B} �o provide any required �nsurance on#he Property, ��} ta make repai�-s�v the
<br /> Prop�rty or t� comp�y wi�h any abligation tv main�ain Existing lndebtedness in good standing as required helow, then
<br /> Lender may do so. If any a�t�on vr pro�eeding �s commenc�d �hat would materially a�fect Lender's in�erests in the
<br /> Prop�rty, then Lender an Trust�r's beha�� may, but is not required �o, �ake any activn �hat Lender be�ieves to be
<br /> app�apriate to prat�ct Lender's inferests. AII expenses incurred or paid by Lender�or such purposes wil[ then bea�
<br /> interest at the �a�e Gharg�d under �he Credit Agr�emen# from the da�e incurred vr paid by Lender to �he date of
<br /> repayment�y Trustar. All such expenses will became a part of the �ndebtedness and, a�Lende�'s op�ian,wi�l �A} b�
<br /> payable on demand; �B} be added ta the �alance o�#he Credit Agreement and be apportioned among and be paya#��e
<br /> with any instailment payments ta become due du�ing ei�her �1} the�erm o�any applicab�e insuran�e p�licy; o� ��} the
<br /> remaining term af#he��-edi�Agreement;or �C} b�tre�ted as a ballvan payment which w�ll be due and payable afi�he
<br /> C�ed��Agreement's matur�ty. The Deed of Trust alsa will secure p�ymen�vf these amaunts. Th�righ�s p�-��ided for in
<br /> this paragraph shall be in addition to any�ther righ�s ar any r�med�es to wnich Lender may be en�itl�d vn aGcount af
<br /> any defaut�. Any su�h action by Lender shall not be construed as curing the default sa as to bar Lender fram any
<br /> remedy�hat i�otherwise wauld have had.
<br /> VSIARRANTY; I�EFEN�E�l�TITLE, The following prvvisivns relating�o ovvnership of#he Property are a part❑f this Deed
<br /> of Trust:
<br /> "Titl�, Trustor war�ants that: �a}Trus#or halds good and marketable ti�le a�rec�rd ta the Praper#y in fee simp�e,
<br /> firee and clea�-of al! ��ens and encumbrances other fhan �hase set farth in the R�a[ P�aperky description ar in the
<br /> Existing �ndebtedness section beiow ar in any title insuran�e pviicy, title �eport,❑r f�nal�i�le apinian issued in fa�or
<br /> vf, and accepted by, Lender in cannection w�th th�s Deed af Trust, and �b}Trustor has the full right, power, and
<br /> auth�rity t�execute and de���er this Deed��Trus�to Lender.
<br /> ❑efens� vf�'i#�e. Subject to the exceptiQn in the paragraph abo�e, T�ustvr warrants and will �ore�er de�end the
<br /> #i#le to the Property agains�the law�u[ claims of a1� p�rsvns. In#h�event any actian ar proceeding is commenced
<br /> tha�questians Trustvr's ti�le or the interes�of Trus�ee ar Lender under#his Deed o�T�-ust,Trustor sha11 defend�he
<br /> activn at Trustvr's expense. Trustor may be the naminal par�y in such pro��eding, hut Lender sha�� be en����ed �a
<br /> participate in #he proceeding and ta b� represen�ed in �he proceeding by counse� af Lender's own ch�ice, and
<br /> Trus�a�vv�{l de[i�er, or cause to be de��ve�-ed,�o Lender such ins�ruments as Lender rnay�equest fram tim�to time
<br /> t❑ perm�t such participatian.
<br /> Compliance VVith Laws, Trustor warran�s #hat the Prap��-ty and Trust�r's use of the Property complies wi�h a�l
<br /> ex�sting appli�able laws, ardinan�es,and regulativns af ga�ernmenta�authorities.
<br /> Surv�va! o� �romises. A�� promises, agreements, and sta�ements Trustor has made �n this Deed af Trus# shall
<br /> su rvi�e the executi�n and d�i ivery of�h is Deed af Trust, shal I be con�i n u i ng i n natur�and shal I remai n i n fu f f force
<br /> and ef�ec�unti[such time as Trustvr's lndebtednes�is paid in full.
<br /> E}C�ST�N�IIVDEBTEQ�VESS. The following pro�is'tons concerning Exis#ing �ndebtedness ar�a part of thEs ❑eed of Trust:
<br /> Existing Lien. The lien vf this Deed of Trus� securing the lndebtednes� may be secondary and inferiar to an
<br /> existing lien. Trustvr expressly c�venants and agrees�o pay, or see t❑ the payment of, the Existing �nde�tedness
<br /> and t❑ pr��en�any default an such indebtedness,any default under the ins�rumen�s e�idencing such indebtedness,
<br /> vr any defau�t under any se�urity documents for su�h ind��tedness.
<br /> Na Modi�Fication. Trusto� shal! not enter �ntv any agreemen�with the hofder o� any mortgage, deed of fru��, ❑r
<br /> a�her secur�ty agreemen# whi�h has priarity a�er �his Deed vfi T�ust by which �hat agreement is mad��ied,
<br /> amend�d, �xtended, ar renewed w��hou� the p��or vUritfien consent of Lende�-. Trustor sha�� neither request nor
<br /> accept any�uture ad��nces under any such security agreement without the priar writ�en cansent o�Lender.
<br /> C�NDEMN�TiDN, The following p�avisi�ns rela�ing to candemnation proceedings are a par�of this D�ed of T�ust:
<br /> Proceedings. If any prviceeding in candemnation i� filed, Trustor shall pramp�ly noti�y Lender in wri�ing, and
<br /> Trustor shalC prvmptly take su�h steps as may be ne�essary�o de�Fend�h� act�on and ahtain th�award. Trus�or
<br /> may�e the nomina� par�y in su�h proceeding, bu�Lender shall b�enti��ed to par�icipate in fhe proc��ding and t�be
<br /> repre�ented in the proc��ding by c�unse� of i�s o�rvn choice, and Trustvr v�i�� deli�er or cause to be d�livered to
<br /> L�r�der such ins�rumen�s and documentation as may be requested by Lender from time ta �ime to permit such
<br /> pa�ticipa��on.
<br /> Application a�Net �'�rv�eeds. if a�f or any par�of the P�oper�y�s�ondemned by em�nent domain proceedings ar by
<br /> any pro�eeding ar purchase in lieu o��ndemnation, Lender may at its election require that a�l or any partion af�he
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