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<br /> disput��ver the ob[igation ta pay, so Iong as Lender's interest in the Proper�y is not jevpardized. 1f a lien arises or is
<br /> filed as a result of nanpaym�nt, Trus�or shaf�within fifteen��5}days after the�ien a�is�s or, if a��en is filed,within fifteen
<br /> ��5} days after T�ustar has natice of#he filing, secure the discharge of#he lien, or if reques#�d hy Lender, deposi#with
<br /> Lender cash or a su�ficient �vrparate surety bond ar a�her security sa�isfactory ta Lend�r in an amount sufficient ta
<br /> discharge the lien plus any costs and attarneys'€�es, or other charges tha#�ould accru�as a result af a foreclvsure or
<br /> sale under the lien. �n any contesf,T�usfor shall d��end i�se�f and Lender and shaf�sat�sfy any adverse judgment bef�re
<br /> enfar�ement agains�the Property. Trustvr sha11 name Lender as an additionai obligee under any surefy bond#urnished
<br /> in#he can#est proceedings.
<br /> E�Edence of Payment. Trustor sha�l upan demand furnish ta Lender satis�ac�vry evidence of payment of fhe taxes or
<br /> assessments and shall aufhor��e the appropriate governmen�al offc�al to de�i�er to Lender af any time a written statement
<br /> of the tax�s and assessmen�s against#he Property.
<br /> Noti�e o� Canstruc�ion. Trustar shail nofify Lender a� least fifteen (�5} days before any wvrk is commenc�d, any
<br /> services are fu�nished, or any materials are supp�ied�o the Property, if any mechanic's lien,materialmen's(i�n, or other
<br /> lien coufd be asserted an a�count of the work, ser-vices, or ma�erials. Trustor w#II upon requesf of Lender furnish to
<br /> Lender advance assurances satisfa�tory t❑Lender that Trus#o��an and will pay the cost o�such improvements.
<br /> PR�PERTY DAMAGE INS�RANGE. The fol��wtng provisions relating to insuring the Prope�ty are a part af this Deed af
<br /> Trusf.
<br /> Mainfenance �f lnsurance. Trustor sha11 pracu�e and maintain palicies of fire insurance wi�h standard extended
<br /> �o�erage endorsements on a rep�a��ment basis far th� �u[I insurabl� value covering all Imp�o��men�s �n fhe Real
<br /> Praperty in an amount suffi�ient to avoid appCi�ation af any cvinsurance G�ause,and with a standard mortgagee cfause in
<br /> fa�ar af Lende�. Trustor shall alsa procure and mainfain comprehensive gene�al riabi[ity insuran�� in such coverage
<br /> amaunts as Lend�r may request with Trustee and Lender 1ae�ng named as additional insureds in such liab��ity�nsu�ance
<br /> policies. Add�fionally, Trustvr shalf maintain such other insurance, in�fuding but no� limited to hazard, bL151C1�S5
<br /> interruption, and bailer insuranc�, as Lender may �easvnably �equire. Poli�i�s shall b� w�itten in #'orm, amounts,
<br /> covera�es and basis reasonabfy acceptab�e to Lender and issued by a campany ar companies reasvnably acceptable�o
<br /> Lender. Trusta�, up�n request af Lend�r,vuill deli�er tv L�nder from time#❑fime the pali�ies or�er#ificates of insurance
<br /> in form safisfac�ory to Lender, in�lud'€ng s#ipulations that coverages wi�i no�he �ancel�ed or dimin�shed v►�thout af feas�
<br /> thirty (30} days privr vur�tten notice tv Lender. Ea�h insurance policy a[so shalf �nclude an endarsemen�proW�ding thaf
<br /> coverage in favor af Lender►n��l nat be impa+red in any way by any act,ornissian or default o�Trusfor or any other person.
<br /> Shoufd the Real Praper�y be located in an area designated by the Administrator of the Federal Emergency Management
<br /> Agency as a spec�al f�ood haza�d area, Trus�or agrees to vbtain and main#ain Federal Flaod fnsuran�e, �f availab�e, far
<br /> #he full unpaid principal bafance of the l�an and any prior liens �n the praperty securing the loan, up to the maximum
<br /> palicy limits sef und�r the Nationa� Flood fnsurance Program, or as otherwi�e required by Lende�, and to maintain such
<br /> insurance for the term of the ioan.
<br /> App�ica�ion of Proceeds. Trustor shal! promp�ly natify Lender o�any loss or damage to the Prop�rty. Lender may
<br /> make prav�ofi loss if Trustor fails to do so within ffteen t�5} days of the casua�ty. Whether vr not L�nder's security is
<br /> impaired, Lender may, at Lender's e�ection, receive and r�tain fhe proceeds vf any insurance and apply the pr�ceeds to
<br /> fhe reduction ofi the Indebtedness, payment of any lien affecting the Prape�ty, �r the restora�ion and repair of the
<br /> Prope�ty. If Lender elects�v app�y the proceeds t�restora#ion and repai�,Trustvr shall repair vr repface the damaged or
<br /> d�strayed Impra�em�nfs in a mann�r sa#isfactory to Lend�r, Lender shall, upon safisfactory proof af such expendi#ure,
<br /> pay or reimburse Trustor fram the praceeds for th� reasana��e cost of repair ar resto�rafion �f Trustar is nof in default
<br /> under this D�ed of Trust. Any proceeds whi�h have not been disbursed within 18fl days after their r�ce�pt and whi�h
<br /> Lender has not c�mmitted ta the ��pair or restoration a€�he Praperty shafl be used first to pay any amaunt owing ta
<br /> Lender unde��his Deed o�Trust,then#v pay accrued interest,and#he remainde�,if any,shall be app�ied t�the principal
<br /> ha[ance ❑f the Indebfedness. ��Lend�r holds any praceeds a#�er payment in full of the lndebtedness, such proc��ds
<br /> shal[be paid to Trustor as Trustor's interests may appear.
<br /> Trus�or's Rep�r�on [nsurance, Upon request af Lender, hovuever not mor�than once a year, Trus�or shall€urnish#o
<br /> Lertder a repvr�on ea�h exis�ing pvlicy a�insurance showing: ��} the name af�he insur��; ��} the r�sks insured; �3}
<br /> the amoun� of the p�licy; (4} the proper�y insured, the #hen �urrent replacement value a� such praperty, and the
<br /> manner of determining that �alue; and {5} fhe expirat€on date af the po�i�y, Trus�or shaff, upon requesf af Lender,
<br /> have an€ndependen#appraiser satis�a�tary to Lender determine the cash value replacement cost vf the Properky.
<br /> LENDER'S EXPENDlTl1RES. lf any action or p�aceeding is commenced that wau[d mater�al�y a#�eG�Lender's interes�in�he
<br /> Praperty or ifi Trustor fails ta comply with any pr�vis�on of this Deed of Trus# or any Related Documents, inc�uding but no#
<br /> limited�o Trusto�`s failure to discharge or pay when due any am�unts Trustor is required tv discharge ar pay under this Deed
<br /> af Trusf ar any Relafed❑o�umenfs, Lender on Trus�vr's b�half.may�but sha11 n�f b�obligated to}take any action that Lender
<br /> deems appropriafe, including but not limifed to discharging ar paying a�� taxes, liens, s�cu�i#y interests, �ncumbrances and
<br /> ather claims, at any time �evied �r placed on the Proper#y and paying af� cosfs far insur�ng, mainta�ning and preserving �he
<br /> Property. Al!such expenditures incurred❑r paid by Lender f�r such purposes wilf�hen bear in�erest at fhe rate cha�ged under
<br /> the Note�ram the date incurred or paid by L�nde�to the da#e�f repaymen�by Trustvr. A{1 su�h expen�es will be�om�a part
<br />, of the fndehtedness and,at Lender's opfion,wil� �A} be payable on demand; �B} he added fo the balan�e of the No�e and
<br /> be apportioned among and be payab�e vui#h any installment payments to became due during either ��} the term of any
<br /> appf�cabfe insurance po�i�y; or ��} the remain�ng term af the Nofe; or ��} be fr�afed as a balloon paymen�which will �e
<br /> due and payable at the Nofe's matur�ty. Th�Deed of T�ust alsa w��l s��ure payment af�hese amounts. Such righ�shall be in
<br /> additivn fo all o�h�r rights and�emedies�o whi�h Lend�r may be en#�t�ed upon De�au(�.
<br /> WARRANTY; DEFENSE aF TITLE. The fal�owing p��visions relating to ownership of�he Property ars a part of#his❑eed of
<br /> Trust:
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