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2� 1 ��� 111
<br /> aEED �F TRUST
<br /> Loan No: 'I�'i 29�'��6 (C��1t�rlued� Page 4
<br /> LENDE�i'S E�PENDITURES. �� Trust�r �ails �A} �� k�ep �he Praperty free o� all �a�c�s, liens, securi�y interes�s,
<br /> encumbrances, and other claims, �B� to pro�ide any requir�d insurance on�he Praperty, or �C� �v make repa�rs�v the
<br /> Proper�y th�n Lender may do so. i�f any a��ion vr prviceeding is Gamm�nced that wvuld ma�erially af�r��t Lender's
<br /> interes�s En the Prt�perty, then Lender on Trustor's behalf may, but is no� requir�d �a, take any acti�n �hat Lend�r
<br /> �a�lieves �Q be appr�priate t❑ pra�ec�Lender's in�erests. Alf exRenses incurr�d or paid by Lender for su�h purpases will
<br /> �hen b�ar in�eres�a��he rate charged under�he Note�rom�he da�e incurred or paid by Lender t❑�he date of re�ayment
<br /> by Trustor. All such expenses wili become a par���the lndebtedness and, a�Lender's ❑p�ivn, will �A} be payable on
<br /> demand; {By b� added t❑ the ba�ance ❑f �h� No�e and be apportiflned amang and be payable with any instaElmen�
<br /> paymentS �Q be�ome due during either ��� the term a�any applicable insurance policy; ❑r ��� �he remain�ng term o#
<br /> the Nate; ar ��j be trea�ed as � ba3loon payment which v►ri[I be due and payabie at the Nflte's maturE#y. �he Deed of
<br /> Trus� a�sv vui�f secure payment of�hese amoun�s. The rights �ara�ided �or in this paragraph sh�ll b� �n additivn t� any
<br /> ❑th�r righ�s ar any remedies �a which Lender may be ent�t�ed vn accoun� a� any de�Fault. Any such act�on by Lender
<br /> sha[E nnt be construed as �uring the def�ult sQ as to bar Lender�ram any remedy that it otherwis�would haWe had.
<br /> VIIARRANTY; DEFENS�flF TITLE. The follawing prv�i�ions reia�ing�o awnership�f�.h� Prvper#y are a part v�'�his aeed
<br /> of Trust:
<br /> Ti��e. Yrustar w�rranxs that: �af Tru��or holds good and m�rketab�e �i�le v� re�ord tv the Prn��r�y in �ee simp�e,
<br /> fr�e and clear Q� all liens and encumbranees other �han those set forth in the Real Praperty descript�on or in any
<br /> title insurance pca�Ecy, �ti�1e report, r�r fin�l fiitle ❑pinion issued in fa�ar �f, and ac��p�ed by, L�nder in cvnnection
<br /> with this Deed of Trust, and �hy Trustnr has�h��ull right. pawer, and authori�y tQ execute and deli�er this Deed o�
<br /> Trust�o Lender.
<br /> Defense of Ti��e. Sub�ect �o the eacce�tEon in �h� paragraph above, Trustor warrants and will �are��r defend th�
<br /> �itle �a the Property against the la�rvful �[aims Qf a�! persans. ln the eWent any actian o� proceeding is commen�ed
<br /> that qu�s�ivns Trus�ar's titl�o�the interes�of Trus�ee or Lend�r under this De�d of Trust, Trus�or shai� de��nd the
<br /> action at Trus�or's expense. Tru�tvr may be the nominal p�rty in such proceeding, but Lender shall be en�i�led tv
<br /> participate in the proceeding and �o be repr�sented in the proceeding by caunsel �f Lender's vwn chQice, and
<br /> Trustor vvill deliW�r, or Gause�o be deli�ered, t� L�nder such instruments as Lender may requ�s�from time �a time
<br /> to permit su�h par�i�ipa�ian.
<br /> Compliance U�Ti�h L�ws. Tr�a��or warran�s that �h� Proper�y and 7rustar's use a� th� Proper�y camplies with a!I
<br /> exis�ing appfiGabl� laws, ardsnances, and reguia�ions of ga��rnmenta� au�harities.
<br /> Survival vf Promises. A[I pramises, agr�ernents, and statemen�s Trustor has mad� in this fleed af T�-ust shaf4
<br /> sur�i�e �he exe�utian and deli�ery of this Deed v�Trust, shai! be continuing in nature and shalE remain in full farce
<br /> and e��ect until suCh time as Trustor's Ind�btedness is paid in�u11.
<br /> C�NQERVINA7I�N, The�oll�w�ng pro�isivns r�lating tt�condemna�ion prviceedings are� part a�this ❑eed of Trust:
<br /> Proceed�ngs. I� any prv�eeding in Gondemnatian is �iled, Trust�r shalE pramptly no�ify Lender in wri#ing, and
<br /> Tru��vr shall prampt�y take� such steps as may be necessary �o d�tend �he activn and obtain the award. 'Trus�or
<br /> may be th� nominai party in such pro�eeding, but Lender shall be entitled tv par�icipate in the proceeding and tv be
<br /> represented in th� prviceedinc� �y counsel ❑� i�s ❑wn choice, and Tru��vr will d�liu�� �r caus� to be deli�ered ta
<br /> Lender such ins�rumen#s and do�umentafiion as may be reques�ed by Lender fram �ime �v time tv p�rmi� such
<br /> par�icipation.
<br /> Appli�atian of N�� PrQceeds. If atl ar any part a�F�he Property is cond�mned by eminen�dom�in proceEdings or hy
<br /> any proceeding ar purchase in lieu o�cond�mnation, Lender may at i�s ele�tion require that a!I or any part+t�n❑�the
<br /> net prvG�eds af the award b� appli�d to the [ndeb�edn�s� or the repair or re�toration Qf the Pr�per�y. The ne�
<br /> prc�ceeds af th� award sh�ll mean the award a���paymen� of all reasanable cos�s, expenses, and a�#arneys' �ees
<br /> incurred by Trustee❑r Lender in cvnneGtian with�he candemnation.
<br /> �MPDSITI�]N DF TA�CES, FEES AND CH�1R��S BY GC]VERNMENTAL AUTH��tITIES. fihe ��Ilov�ring pro�isions relatin�
<br /> to goW�rnmen�al taxes,�ees and charges are a�art❑��his Deed of Trust;
<br /> Curren� Taxes, F�es and Charges. Upvn reques� by Lend�r, Trustvr sha�� execut� such dacumen�s in addition tv
<br /> �his Deed ❑f Trust and �ake wha�e�er other action is reques�t�d i�y Lend�r to perfec�and continue Lender's lien on
<br /> �he Real Property. Trustar sha11 reimburse Lender fiar all tax�s, as described be�Qw, tngether �i�h all expenses
<br /> incurred in recvrding, per�ecting or can�inuing �his ❑eed ❑� Trus�t, including uvi�hou�t limi�a�tion all tax�s� fees,
<br /> dacumentary stamps, and ather charges far recording or regis�ering�his Deed o�Trust.
<br /> Taxe�. The �vllowing shall constitu�� �axes �to which this sectian applies: (�} a spe�ific �ax upan �his type a�
<br /> ❑eed ot Trust�r upvn alE ar any part of fihe tndeb�edness �ecured by this Deed af Trust, �2� a spe�iti� �aac on
<br /> Trustar which Trus�or is au�hvri�ed ar r�quired to d�duc�from payments on the Indebtedn��s Secured by�his�yp�
<br /> of Deed af Trus�; {3y a�a�❑n this�ype❑f Deed of Trust Ghargeable a�ainst the Lender ar�he halder vf the Note,
<br /> and {4} a sp�ci�ic ta�❑n a1� ❑r any pQrtion v��he Indeb�edness ar an payments af princ�pal and interes� made by
<br /> Trus�r�r.
<br /> Suhsequent Taxes. I� any tax �o which �his section app�ies is enac�ed subsequen�t ta the date ❑# this Deed o�
<br /> Trust, this e�en� shall have the same effect as an E�ent v� De�ault, and L�nder may exercise any Qr a�� of i�s
<br /> a�ailable remedies for an ���nt ❑f Default as provid�d be[ow unless Trus�or ei�her ��} pays the tax before i�
<br /> be�ames delinquen#, vr {�� contests the tax as pro�ided abo�e in�he Taxes and Liens sectivn and depasi�s with
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