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� , , ' 2� 17�� DEE[3 �F TRUST Loan Nv: '1�'13��83� ��ntinued} Page 4 replace the damaged ❑r destroyed �mprv�emen�s in a manner sa�isfactory t❑ Lender. Lender shall, upon satisfactory proo� of su�h expendi�ure, pay or reimlaurse Trustor from the praceeds �or the reasvnable cos� o� repair or restvra�ivn i� Trustor is no� in default under this Deed vf Trust. Any prviceeds which ha�e not been disbursed within '�SD days after their re�eipt and which Lender has n�t committed to the repair or restora�ion of the Praperty shall be used -�irst to pay any amvunt ❑win� to Lender under�his Deed of Trust, then t❑ pay accrued infierest, and the r�mainder, if any, shall be app�ied ta �he principal halance ❑f�he lndebtedness. ff Lender h�fds any proceeds after paymen� in ful� ❑f the Indebtedness, such proceeds sha�l be paid �o Trustvr as Trustor's in�erests may appear. Trustor's Report on [nsurance. Upon request of Lender, hawe�e� nvt mvre than once a year, Trus�or shall furnish t❑ Lender a repar� on each existing policy ❑� insuran�e shawing: {1} �he name vf the insurer; �2� the risks insured; {3} �he amounfi o�F �he policy; �4� the prvperty insured, fihe then current replacemen�k �alue a� such prvper�y, and the manner❑f determining fiha��alue; and �5} �he expiration da�e ❑�the policy. Trustor shall, up�n reques��Lender, ha�e an independent appraiser satis�actory�o Lender de�erm�ne�he cash�alue replacement cost �f the Property. LENI]ER'S E�CPENDITURES. If any activn o�-proceeding is �ommenced �ha�k would materially affect Lender's interes� in the Proper�y ❑r if Trus�or fiails fio comply with any prn�ision of this Deed vf Trust ❑�- any R�lated Dacuments, incfuding but not limi�ed fio Trustor's �ai[ure to discharge vr pay when due any amounts Trustor is r�quired to discharge ar pay und�r�his Deed of Trust or any Related Documen�s, Lender❑n Trusfivr`s hehal�may {bufi shall not b� ❑bliga��d tv} take any a�tian that Lende�- de�ms apprnpriafie, including laut no� limited ta discharging or paying all taxes, liens, security interests, encumbrances and ❑�her claims, at any time le�ied or placed ❑n the Praperty and paying all c�sts fivr insuring, ma�ntaining and preser�ing the Prape�ty. A�I such expenditures incurred or paid hy Lender far such purposes will then hear inte�esfi at the rat� charged under the No�e �rom fihe da�e incurred or paid by Lender to�he date of repaymen� by Trus�or. All such expenses will become a part o� �he �ndehtedness and, a� Lende�-'s option, will �A} be payable on demand; �6y be added to the bafan�e ❑� �he Note and be apportianed among and be payalale with any installment payments �o �ecome due during ei�her {'�} the term o�any applicable insurance policy; or 42} the remaining term af the Note; ar �C� he �reated as a ballvvn payment which w��! be due and payable afi�he Nvte's maturity. The I�eed ❑f Trust alsa will secure paymen� af these amounts. Such righ� shall 1ae in addit�on �a ali a�her rights and �-emedies �ta which Lender may be entitled upon aefault. V1IARRANTY; DEFENSE�F TITLE. The fiollawing pro�isions relating to❑wnership❑�the Properfiy are a part❑�f this ❑eed vfi Trust: ' Title. Trustor wa�-ran�s �ha�: �a} Trustvr hvlds gaod and marketable title af record tv the Praperty in f�e simple, free and clear of all liens and encumbrances other than thase se�fvr�h in the Rea! Praper�y description or in any �itle �nsurance policy, �kitle rep�rt, or finaf titl� apinion Essued in fa�or of, and accepted hy, Lender in connec�ion with this Deed o�Trusfi, and �b} Trustor has th�full �-�ght, pawer, and autharity to execute and deli�er�his Deed ❑f Trust ta L�nder. Detense o�Ti�le. Subject t❑ the exception in the paragraph abo�e, Trus�or warrants and will fore�er de�end �he �i�le to�he Proper�y aga�nst�he lawful claims o�a11 p�rs�ns. ln the e�enfi any act�on ar prvc�eding is commenced that questivns Trustar's title or�he interest a�Trustee or Lend�r under this Deed ❑f T�-ust,Trus�or shall defend the ac�ion at Trustar's �xpense. Trustvr may be the nominal party in su�h proceeding, hut Lender shal� be entitEed �❑ participate in the prv�eeding and to be represented in the proceeding by counsel ❑�f Lender's nwn �hvice, and Trusto�-will deli�er, or cause to he deli�ered, �❑ Lender such instruments as Lender may request from time to�kime �o permit such par�i�ipatian. Cvmplian�e With Laws. Trustvr warrants that �he Property and Trusfivr's use ❑f the Property cvmplies with all existing appficahle laws, ordinan�es, and �egulations of go�ernmental auth�rities. 5urvi�al a� Represen�a��ons and Warran�ies. All represen�a�ivns, warranties, and agreements made by Trustor in �his Deed a�Trusfi shall sur�i�e the exe�ution and de�i�ery❑�F this Deed ❑�Trus�, shall be con�inuing in nature, and shall remain in full force and effect until su�h t�me as Borrower's Indebtedness shall be paid in�ull. �aNDE11J1NATIDN. The follawing prv�isions relating to �ondemna�ti�n proceedings are a part af�his I�eed a�Trust: Prviceedings. If any praceeding in condemnation is filed, Trus�or shall prompt[y natify Lender in wri�ing, and Trustor shall pramptly take such steps as may be necessary t❑ defend �he acfion and �btain the award. Trustor may be the nomina� par�y in su�h proceeding, bu�Lender sha!! be entit��d to participafie in the praceeding and�o i�e represented in the p�-oceeding by �ounsel of its own choice, and Trustor will deli�er or cause �o be delivered to Lender such ins�ruments and documen�ativn as may be r-equested by Lender from time tv time ta permit such participa�ivn. Applica�ivn vf Net Proceeds. lf all or any part of�he Property is cvndemned �y eminent domain pro�eedings ❑r by any prviceedEng or purchase in lieu of condemnation, Lender may at i�s e�ection requ�re thafi al� or any por'�ion of the net praceeds o�the award be app[ied tv �he �ndebtedness ❑r the repair or restorativn of the Property. The ne� proceeds of the award shall mean the award af�er payment o� all reas�nable casts, expenses, and at�arneys' fees incurred by Trustee vr Lender�n cvnne�tivn wi�h the condemna�ion. Ie1�1P�S1T1�N �F TAXES, FEES AND CHARGES BY GDVERNMENTAL AUTH�RIT�ES, The �allowing pro�isivns rela�ing �❑go�ernm�n�al�axes,�ees and charges are a par�a�this ❑eed ❑f Trust: