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2� 17��4� DEED �F TRUST Lvan No: '1�'13��8�7 ��ntinued} Page 4 sa�is�actory proo� of su�h expenditure, pay ar reimburse Trus�or from �he proceeds for the reasonab[e cost ❑f repair or restora�ion if Trustor is no�k in default under this ❑eed af Trus�. Any proceeds which ha�e nvt heen disbursed wi�hin �8D days afker their receipt and which Lender has no� committed t� the repair or restoration of �he Praperty shall be used �irst�o pay any amount ❑wing ta Lender under this Deed o�Trust, then �❑ pay accrued interest, and the remainder, if any, shall 1ae appli�d to the principal balance ❑f the Indebtedness. lf Lender holds any proceeds after paymen� in full of the Indebtedness, such prac��ds shall be paid to Trusto� as Trusfior's interests may appear. Trustvr's Repor�vn lnsuran�e. Upon request of Lender, howe�er not more�han once a year, Trus�ar sha[I furnish �a Lender a repor� ❑n each �xisfiing po€icy of insuran�e showing: {�� the name af the insurer; �2} the risks insured; �3� the amoun� of the policy; �4} the proper�y insured, the �hen current �eplacemen� �alue ❑f such property, and fihe manner❑f determining that�alue; and �5} �he expira�ian date of�he policy. Trustor shall, upon reques�of Lender, haWe an ind�p�nd�n�appratser satis�a�tory�v Lender determine�the cash�alue replacement cost af the Proper�y. LENDER'S EXPENDlTURES. I�f any action ❑r pr�ceeding is cammenced that woufd materially af�e�� Lender's interes�in fihe Property or if Trus�or fails t❑ cvmply wi�h any pra��sior� of this Deed of T�ust vr any Re�a�ed Documents, including but nat limited to Trustor's failure t❑ discharge or pay when due any amvunts Trustor �s required �o d�s�harge or pay under�this Deed of Trus��r any Related ❑ocuments, L�nder on Trus�or's behalf may �bu�shall nat be obligated�o} take any action tha� Lender deems appropria�e, including but not limited to discharging ❑r paying all taxes, liens, security interests, encumbrances and vther claims, at any time le�ied vr placed ❑n�he Properfiy and paying aEE �vsts for insuring, maintaining and preser�ing �he Proper�y. All such expenditures �n�urred ❑r pa�d by Lender for such purposes will then bear interes� at�he rate �harged under�he Note from �h� date incur�-ed or paid hy Lender tv the date ❑f repayment by � Trustor. A!E such expenses wi[I become a par� ❑fi fihe Indebtedness and, at Lender's aption, will �A} be payable ❑n demand; �B} he added �o the balance vf �he Note and be apportioned amvng and be payable with any ins�allment payments tv be�ome due during ei�her t1} the�erm vf any applical�le insurance palicy; or {2} the remaining term o� the Note; or �C} f�e�reated as a baifoon payment which will be due and payabie at the Nofie's maturi�y. The ❑eed o� Trust alsv wil[ secure payment ❑f �hese amounts. Such �ighfi sha1� be in addi�ion to all ❑ther rights and remedies to which Lender may be entitled upan ❑efault. 1JVARRANTY; DEFENSE DF TlTLE. The fol�awFng pra�isivns relating to ❑wnership af the Pr�perty ar�a par�of this Deed of Trust: Tit�e. Trustor wa�-rants �hat: �a} Trustor holds good and marke-�able tifile o� re�vrd fiv the Property in �ee sEmpEe, free and clear vf all l�ens and encum�rances other�han thvse se� forth in the R�al Proper�y descriptian ar in any title insurance policy, titie report, or finaf title opinion issued in fa�or vf, and a��epfied by, Lender in connectivn with this Deed o�Trust, and �b} Trus�vr has the�ull right, pawer, and authari�y to execute and deli�et'�his ❑eed af Trus��❑ Lender. De�ense nf Ti�le. Subject to �he exception in the paragraph abo�e, Trustor warran�ks and wili fore�er defend the �kitle tv the Proper�y against�he �aw�ul c�aims ❑f afl pers�ns. in�he e�ent any ac�ion ❑r proceeding is commenced �hat qu�s�ions Trustor's titie ar�he in�erest❑t Trusfiee or Lender under this L�eed of Trus�,Trustor shali def�nd�he action at Trustor's expense. Trus�ar may be �he nominal party in such prviceeding, bufi Lender shall be entitled to participa�e in the proceeding and �o be represenfied in the pra�eeding k�y caunsel ❑� L�nder's own chvic�, and Trust�r will deli�er, or cause to be deli�ered, �❑ Lender such instruments as Lender may request from time ta�ime �v permit such parfiicipation. Campliance With La►►vs. Trustor warrants tha� the Property and Trustvr's use of the Property comp�ies with all existing app�icable laws, ordinances, and regulat��ns ❑�go�ernmental au�hvri�ies. 5urvival vf Represen�a�ions and Warranties. All represen�a�ions, warranties, and agreements mad� by Trus�or in �his ❑eed ❑�Trus�shal� sur�i�e�he exe�u�ion and deli�ery o��his Deed of Trust, sha�l be cantinuing in nature, and shall remain in�ull force and e��ect until such time as 6orrower's Indebtedness sha�! be paid in fuli. G�NDEMNAT��N. The foflowing pra�isians relatin�to candemnatian pr-oceedings are a par�o��his ❑�ed of Trust: Proceedings. lf any proceeding in c�ndemnation is filed, Trus�ar shaf[ p�-omp�ly notify Lender in w�-iting, and Trustvr shai� promptly�ake such steps as may be necessary �o defend the ac�ion and obtaEn �he award. Trus�ar may he�he naminal party in such proceeding, but Lender shaEE �e entitled fio par�i�ipate in fihe prviceeding and t� be represented in �he proceeding by counse� o�f its own �haice, and Trus�or will deli�er ar cause �❑ be deliWered ta Lender su�h inst�-umenfis and dacumentation as may be reques�ed by Lender trom time t❑ fiime t� permi� such parfii�ipafiion. Application v�Net Prflceeds. 1�aE� ❑r any par�o�the P�vperty is cond�mned by eminent domain prac�edings or by any praceed�ng ar purchase in Ei�u❑f condemnation, Lender may at its electivn require that al� vr any por�tion o�the net proceeds of the award be appl�ed tv the Indebtedness ❑r the r�pair or res�oration ❑f the Property. The n�t pro�eeds �f the award sha11 mean the award after payment�f al� reasvnable cos�s, expenses, and attorneys' �ees incurred by Trustee ar Lender in connection with the condemnat�an. IMP�SITtON �F TAXES, FEES AN❑ CHARGES BY G�VERNMENTAL AUTHDRITIES. The fvilowing pro�isians relating to go�ernmental�axes,�ees and charges are a part❑f this Deed ❑f Trust: � Current Taxes, Fees and Charges. Upon reques� by Lender, Trustor shall exe�u�e su�h documents in add�tion �❑