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<br /> DEED �F TRUST
<br /> Loan Nv: ��'i 2�8g�5 ��ant�nued� Page 4
<br /> repair vr restaration if Trustar �s n�t in de�ault under �his Deed of Trust. Any prviceed� which ha�e not been
<br /> disbursed wifihin 180 days after their receipt and which Lender has not committed ta the repair or res#oration ❑f
<br /> the Prope�-ty shaii be used ��rst t� pay any amounfi awing to Lender under�his Deed of Trus�, then �❑ pay accrued
<br /> interest, and the remainder, if any, shall b� appfied �❑ the principa[ ba[ance vf the indebt�:dness. Ef Lender ha�ds
<br /> any praceeds after payment in full of the Indebtedness, such proceeds sha[[ be paid ta Trusto�- as Trustor's
<br /> interes�ts may appear.
<br /> Trustar's Repor#on [nsurance. Upon request of Lender, howe�er nvt more �han once a year, Trus�or shal� furnish
<br /> to Lender a repart on each existing policy of insurance showing: t�} the name ❑f �he insurer; {2� the �-isks
<br /> insured; �3} the amaunt of the policy; t4� the property insured, the then curr�nt r�placement value o� such
<br /> property, and the mann�r of defiermining that�alue; and �5} the expiration da�e at th� po�icy. Trustor shaEl, upon
<br /> reques�ot L�nder, ha�e an independent appraiser sa�isfactory tv Lend�r determine the cash�alue repla��ment cost
<br /> vf the Property.
<br /> LENDER'S EXPENDiTURES. lf any actian or proceeding is commenced that wou[d materia[fy affect Lender's interest in
<br /> the Proper�y or �f Trustor �ai�s t� camply with any pro�is�vn of this Deed o�Trust ar any Re�ated ❑vcuments, inc�uding
<br /> bufi not limited t❑ Trustvr's failure to discharge ❑r pay when due any amounts Trustar is required ta discharge ❑r pay
<br /> under�his Deed of Trust or any Rela�ed D�cuments, Lender vn Trustor's �ehalf may �bu�shai� ��vt be obligated toy take
<br /> any action that Lender deems appropriate, inc[uding but nvt limified ta discharging or paying �[[ taxes, liens, security
<br /> in�erests, encumbrances and ❑�her claims, at any fiime le�ied or placed on the Properfiy and paying all cos�s for€nsuring,
<br /> maintaining and preser�Eng the Praperty. A�1 su�h expenditures incurred or paid by Lender#ar such purposes will then
<br /> bear in�erest at the rate charged unde�-the Nate �rom the date in�urred ❑r paid by Lender to the date of repayment by
<br /> Trustor. All such expenses w��l became a part o� the [ndel�tedness and, a� Lender`s opt�on, will {A} be payab[� an
<br /> demand; {By be added ta the balance ❑f the Note and be apportioned among and be paya��le with any installment
<br /> payments t❑ be�vm� due during either t1} the term v€ any app[icab[e insuran�e policy; or {Z) the remaining term ❑t
<br /> the Nvte; or ��} be trea#ed as a bal[�an payment which w��� be due and paya}�le at the Note's maturity. The aeed of
<br /> Trust also will secure payment af these amounts. Su�h righ# sha[[ be in addition to all ❑�her rights and remedies t�
<br /> whi�h Lender may be entit[ed upon De�au�t.
<br /> WARRANTY; DEFENSE�F TITLE. The�ollowing pra�isions re[ating to ❑wnership�f the Propert��are a part❑f this ❑eed
<br /> af Trust:
<br /> TitIe. Trus�or warrants that: �a} Trustar halds good and marketabfe �ifle ❑f r�cord �o the Prvperty in fee simpEe,
<br /> free and clear ❑f a[[ [iens and encumbrances athe�than thas� se't forth �n the Real Praper�y description or in any
<br /> tit[e insurance policy, title rep�rt, ar fina[ tit�e opinion issued in fa�or af, and accepted h�, Lender in c�nnection
<br /> with�his Deed af Trust, and �by Trustar has the full righ�, power, and authority�o execute and deli�er this ❑eed �t
<br /> Trust ta Lender.
<br /> Defense of Title. Subject tv �h� exception in the paragraph abo�e, Trustor warrants and will fore�er defend fihe
<br /> tifii� to the Property against�he lawful c�aims of all p�rsons. ln the e�ent any action or pr�c�eding is cvmmenced
<br /> that ques�ians Trustvr's tit[e ❑r th� interest of Trus�ee or Lender under this Deed of Trust, Trus#ar shaf� de�end �he
<br /> action at Trustor's expense. Trustnr may be the nominal party in such proceeding, but Lender shaEi be entitled �o
<br /> participate in the pro�eeding and to E�e represented in the proceeding by counse� v� Lender's awn cho��e, and
<br /> Trustar will deli�er, or cause fia be deli�er�d, �o Lender such instruments as Lende�r may r�quest from #ime to �ime
<br /> �❑p�rmit such participation.
<br /> CompIiance Wi#h Laws. Trustor warrants �hat the Property and Trustor's use �� the Prnperty camplies with all
<br /> existing appiicable laws, o�-dinances, and regulati�ns o�go�ernmental authorities.
<br /> Sur�i�a� a# Representations and Vtilarranties. All representafiions, warranties, and agreemFn�s made by Trustar in
<br /> this Deed vt Trust shal! sur�i�e the execution and deli�ery of this Deed of Trust, shall be confiinuing in na�ure, and
<br /> shal� remain in fu[I force and effe�t until such time as Borrower's �ndebtedness shall be paid in fu�l.
<br /> C�NDEMNAT��N. The follawing pro�isions relating to �ondemnatian proceedings ar�a part❑t this Deed vf Trust:
<br /> Prvice�dings. !f any praceeding in condemnation is filed, Trustflr sha[[ prampt[y notify Lender in writing, and
<br /> Trustar shall pr�mptiy take such steps as may �e necessary to defend the a�tion and ab�ain #he awa�d. Trustor
<br /> may!ae th�nominal party in such prviceeding, but Lender shall be en�i�led ta participate in t�e praceeding and fi❑ be
<br /> repr�sented in the proceeding by caunse[ of its own �hai�e, and Trus�or wi�l deli��r or cause ta be de[i�ered tfl
<br /> Lende� such instruments and documentation as may he requested by Lender from time �❑ time to permit such
<br /> participafiion.
<br /> Appli�a#ion af Net Proceeds. !f a[[ ❑r any part of the Property is cvndemned by eminenfi d�rmain prnceedings or by
<br /> any prv�eeding �r purchase in lieu of c�ndemna�ian, Lender may at its e�ecfiion require that a[[ ❑r any portion of the
<br /> net pr�ceeds vf the award be appfi�d to the [ndebtedness ❑r the repair ❑r restoration of th� Property. The net
<br /> proceeds af the award sha�� mean the award after paymen� ❑f a�� reasanab�e costs� expenaes, and attorneys' fees
<br /> incurred by Trustee or Lender in cannect�on with�he cvndemnation.
<br /> IMP�5ITI�N �F TAXES, FEES AND CHARGES BY G�VERNMENTAL ALITH�RITIES. The following pro�isi�ns r�iating
<br /> ta go�e�nmen�al taxes, #ees and charges are a part of�this Deed ot T�usfi:
<br /> Current Taxes, Fees and Gharges. Upon reques# by Lender, Trusfior shai! exeGute such documents in additian t❑
<br /> this ❑�ed ❑f Trust and take whate�er other a�tivn is r�queste�i hy Lender to perfect and continue Lender's lien on
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