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2� 1 ��� 173
<br /> �EED �F TRUST
<br /> Laan No: 'I U'I�98�i�� ���nt[nued} Page 3
<br /> CvmpI�ance with Governmental Requirements. Trus�or shall prompfily comply with a!� laws, ordinances, and
<br /> �egulatians, n�w ❑r herea#ter in effec#� o� aI� ga�ernmentaf au#h�rities app�icable tv the use ar occupancy of the
<br /> Property, includinc� without limitation, the Americans V1lith Disabilities Act. Trustor may contest in gvod �ai�h any
<br /> such [aw, ordinance, �� regufa�ion and withhvld campfiance during any pra�eeding, in�fuding apprapr�ate appeals,
<br /> so �ong as Trustor has natified Lender in wri�ing prior to doing s❑ and so long as, in Lender's sole opin�on, Lender's
<br /> interests in the Proper�y are nv# jeapardized. Lender may require Trus�or ta post adequate security or a sure�y
<br /> bond, reasvnah�y satis�ac�ory to Lender,to protec�Lender's in�erest.
<br /> Duty to Protect. T�ustvr agrees neither to abandon nr [ea�e unafitended the Prvperty. Trustvr shai� do afi ❑ther
<br /> acts, in addition ta those acts set forth aba�e in this sectEan, which fram the character and use o#the Prvperty are
<br /> reasanably necessary to pratect and pr�ser�e�he P�operty.
<br /> TAXES AND LIENS. The fo[Eawing prv�isians relating #o the tax�s and fi�ns on #he Proper�y are part of this aeed ❑f
<br /> Trust:
<br /> Payment. Trustor shaf I pay when due {and in all e�en�s prior t❑ delinquencyy all taxes� special taxes� assessments,
<br /> charges {incEuding wa�e� and sewerf, �fines and impasitions le�ied against ❑r❑n accvunt af the Proper�y, and shalE
<br /> pay when due all claims fvr work done on or�or ser�ices rendered or materia! furnished t❑ the Prope��y. Trus�or
<br /> shal! maintain the Property free of a[� liens ha�ing priori�y o�er or equal to the interest o�Lender under this Deed �f
<br /> Trusf, �xcept f�r the lien of taxes and assessments no� due and except as ❑therwise pro�ided in this Deed ❑f
<br /> Trusfi.
<br /> Righ#to Contest. Trustor may withhold paymen�af any tax. assessment� ❑r cfaim �n connectian with a good faith
<br /> dispufie o�er the of�Iigation to pay, s❑ lang as Lender's in�erest in the Property is not jeopard�zed. lf a lien arises❑r
<br /> is �iled as a resu�t of nonpayment� Trustar shall within fifteen �15y days after the lien arises vr, if a [ien is ���ed,
<br /> within �Fifteen �15� days afte�- Trustor has notice of �he filing, secure �he discharge ❑f the IE�nr ❑r if requested by
<br /> Lender, deposit with Lender cash vr a sufficient corparate surety bond or o�her securEty satis�actory to Lender in an
<br /> amount sufficient ta discharge the �ien p�us any costs and at�orneys' �eBS� ��r other charges that cou[d accrue as a
<br /> result❑f a forecfn�ure vr sale under the [ien. ln any contest, Trustvr sha�l defend itself and Lender and shall satisfy
<br /> any adverse judgment befare enfvrcement againsfi the Property. Trustvr shalE name Lender as an additiona� obligee
<br /> under any surety b�ond furnished in�he contest proceedings.
<br /> Evidence of Paymi:nt. Trustar shal� upan demand turnish to Lender satisfactory e�idence of payment af the taxes
<br /> or assessments and shall autharize the appropria�e go�ernmentaf officia[t❑ deli�er to Lender at any time a written
<br /> sta�ement o�the t�xes and assessments against fihe Prvp�rty.
<br /> Natice o� Cvns��ur.�ion. Trus�or sha�� nati�y Lender at least fifteen ��5} days before any work is cvmmenced, any
<br /> ser�iGes are furnished, or any mate�-ials are suppEied tv the Praperty, if any mechanic's lien, materia[men`s iien, ar
<br /> other lien could be asserted on account af the work. ser�ices, o� mater�als. Trustor wifl upon request of Lender
<br /> furnish tn Lender ad�an�e assuranc�s satisfactvey to Lender that Trustor can and will pay the cast o� such
<br /> impra�ements.
<br /> PRaPERTY DAl1�AGE I�ySURANCE. The following pra�isions re[ating tv insuring the Property are a part of this Deed ❑f
<br /> Trus�.
<br /> Main#enance of �nsurance. Trus�or sha[[ procure and rnain�ain policies a� f�re insurance wi�h s�andard ex�ended
<br /> �a�erage endarsetr�ents ❑n a fair vaEue basis far the �ull insurab[e �alue co�ering a�f lmpra�ements vn the Real
<br /> Property in an amount sufficient to a�vid appEication ot any coinsurance clause, and with a standard mortgagee
<br /> clause in fa�or of Lender. Trustar sha11 also procure and maintain comprehensiWe general liability insurance in such
<br /> ca�erage amount� as Lender may request with Trustee and Lender being named as additivnal insureds in such
<br /> [iabili�y insu�ance p��icies. Additiana�ly, Trustar shall maintain such ather insurance, including but no� limited �❑
<br /> hazard, business interruption, and boiler insuran�e, as L�nder may reasanably require. Pvficies sha11 b� written �n
<br /> formr amaunts, caverages and basis reasvnably a�ceptahle to Lender and issued by a campany ❑r companies
<br /> reasonab[y accepfiable to L�nder. Trus�ar, upon request ofi Lender, will deliver #o Lender �ram time to fiime the
<br /> policies ❑r certificates v# insurance in form satisfactory ta Lender, in�luding stipulativns that co�erages wilf not be
<br /> cancelled ❑r diminished without afi least ten {1�y days prior writ�en nofii�e �o L�nder. Each insurance paficy a[so
<br /> shall inc�ude an endv�-sement pro�iding that co�erage in fa�ar❑f L�nder will nat be impaired in any way by any act,
<br /> omission ❑r de�ault of Trustor o�- any other pe�son. Should the Real Property be Eocated in an area designated by
<br /> th� Administrator of the Federaf Emergency Management Agency as a special fiood hazard area, Trust�r agrees to
<br /> ob�ain and mainta€n F��era[ Fload �nsurance, if a�ailable, within 45 days af�er notice is gi�en by Lender that the
<br /> P�operty is focatecl �n a spe�ial flood hazard area, fvr the fulf unpaid principa� balance of the [oan and any prior�iens
<br /> an the property securing the loan, up to the maximum po�icy limits set under the Na�ional Flaod Ensurance Program,
<br /> or as otherwise r��uired by Lende�-, and to maintain such insurance for the term af the loan.
<br /> Application nf Pro��eeds. Trustor shall pramptly n�tify Lender❑f any lflss or damage t❑ the Property. Lender may
<br /> make prv�f of lo�s i� Trustor fails to d❑ sa within fifteen {�5� days of the casua�ty. Wh�ther or not Lender's
<br /> security is impaired� Lender may, at Lender's election, recei�e and retain the proce�ds ofi any insurance and apply
<br /> �he proceeds to �he reduction of�he [ndebtedness, payment af any lien affecting the Properfiy, vr the restoration
<br /> and repa�� ❑f the Praperty. If Lender elects tv apply the proceeds t� restorativn and repair, Trustvr sha�� repair or
<br /> repla�e the dam�ged ❑r destroyed Emprovements in a manner safiisfiactory to Lender. Lender shalE, upan
<br /> satis�ac�ory prvaf of such expenditure, pay or reimburse Trus�or from the proceeds for the reasonab[e cast ❑f
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