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2� 17��321
<br /> aEED �F TRUST
<br /> Loan No: 1�7 3�'I 68� �Cont[C1u�d� P�ge 4
<br /> interesfis may appear.
<br /> Cvmpliance with Exisfing �ndehfedness. During the period in which any Existing [ndebtedness d�scribed be[vw is
<br /> in e��fe�t, compliance with the insurance pro�isions conta€ned in fihe instrument e�idencing such ExistEng
<br /> Indebtedness shall �onstitute compliance wi�h the insurance provisions under this Deed o� Trust, �o the ex�ent
<br /> compliance with the terms of�his Deed of Trus� wvu[d const;tu�e a duplica�ion a# insuranc� requirem�nt. lf any
<br /> proceeds �rvm the insurance becnme payah�e an loss, the pro�isions in this Deed of Trust for di�ision a�f prviceeds
<br /> shall apply❑nly t�that portion of�h� proceeds not payable�❑the h�[der v�the Existing Indebtedness.
<br /> Trusfor's Report on Insurance. Upon r�quest of Lend�r, hawe�er nvt more than once a year, Trustor shall furnish
<br /> �o Lende�- a report ❑n each exisfiing policy �t insurance showing: �1} the name of the insurer; �2� the CESICS
<br /> insured; �3} the amount of the po[icy; (4� the property insured, fhe then current rep�acem�n� �a[ue o� such
<br /> property, and the manner of determining fihafi�alue; and �5y the expiration da�e of the policy. Trustor sha�l, upon
<br /> reques�t of Lender, ha�e an independent apprais�r sa#isfactory to Lender determ�ne�he�ash�alue rep[acement�vs�
<br /> ❑f th� Property.
<br /> LENDER'S EXPENDITURES. �f any ac�ion or pr�ceeding is commen�ed that wou�d mat�ria��y a�tect Lend�r's in�erest in
<br /> �he Property ar if Trustor fails to cvmply with any pro�ision af th�s ❑eed of Trust or any Related av�uments, including
<br /> but not limited to Trustar's failure t❑ comply with any obligation �a maintain Existing lndebtedness in good s�anding as
<br /> required }�elaw, or to d�scharge ❑r pay when due any amoun�s Trustvr is required t❑discharge or pay under this �eed of
<br /> Trus� �r any Re�ated ❑o�um�nts, Lender on Trustor's beha�� may �but shall not be abligated to� take any action tha�
<br /> Lender deems appropria�e, including but nat limited to discharging ❑r paying all taxes, liens, securi�y interests,
<br /> encumbran�es and ather claims, at any time le�ied or pla�ed �n th� Pr�perty and paying all costs �For insuring,
<br /> maintain�ng and pr�ser�ing the Proper�y. All such expenditures incurred ❑r paid by Lender for such purpvses wiEf �hen
<br /> bear interest at the rate charg�d under the No�e fram the date incu��-ed or paid by Lender to th� date of repayment by
<br /> Trust�r. All such expenses will hecome a part �f the lndebtedness and, at Lend�r's ❑ption, will �A} be payable �n
<br /> demand; �6} be added �a the ba(ance o� the Note and be apportioned among and be payable wi�h any ins�allment
<br /> payments �� became due during either ��} the term o� any applicah�e insurance po[icy; or �2� the remaining term ❑#
<br /> the Note; ❑r {C} be treated as a ba��oon payment wh�ch will be due and payal�le at the Nofie's maturifiy. The Deed v�
<br /> Trus� a[sa wi[[ secure payment of fihese amounfis. 5uch right sha�! he in add�tion to all ❑ther rights and remedies to
<br /> which Lender may be entitled upon De�fault.
<br /> WARRANTY; DEFENSE�F TITLE. The follawing pro�isivns relating fi� awnership of the Proper�y are a par�of this Deed
<br /> ❑�F Trust:
<br /> TEt�e. Trus�ar warrants that: tay Trustv� holds goad and marke�able �itle a�F recard �❑ the Praperty in fe� simp�e,
<br /> �r�e and clear af all liens and encumbrances a�her than �hose set for�h in �he R�aI Prap�rty description �r in the
<br /> Existing lnde�tedness section below or in any t3t�e insurance pvlicy, tit[e repvrt, or tinal title apinion issued in fa�ar
<br /> o�, and accept�d by, Lender in cvnnection with this Deed o�Trust, and �b� Trusto� has �he full right, power, and
<br /> authority to execute and deli�er this Deed o�Trust t❑ Lender.
<br /> De��nse vf Ti�le. 5ubject t❑ �he excepti�n in the paragraph aba�e, Trus�or warran�s and will fare�er d�fend the
<br /> title tv the Property against fihe lawful �laims ofi all persans. in the e�en� any action or pr�ceeding is commenced
<br /> that questions Trustor's �i�[e or the int��est❑fi Trustee ar Lender under this Deed ��Trusfi, Trustor shall defend the
<br /> act€on at Trus�or's expense. T�us�or may be �he namina� par�y in such proc��ding, but Lender shall be entitled to
<br /> participate in the proceeding and tv be represented in the proceeding by counsel vf Lender's own choice, and
<br /> Trustor wiI[ defi�er, or cause to be de�i�ered, to Lender such instrumenfis as Lender may request from t�me to time
<br /> t� permit such part�cipation.
<br /> C�mpliance With Laws. Trustor warrants �hat fhe Property and Trustor's use af the Property complies with all
<br /> existing applicable laws, �rdinances, and reguiations of ga�ernm�nta[ autharities.
<br /> Survival of Representa#ions and Warranfiies. A[[ representations, warrant�es, and agreements made by Trustor in
<br /> this �eed ❑#Trust shall sur�i�e the executivn and delivery❑f this Deed �f Trust, shal[ be continuing �n na�ure, and
<br /> shall remain in�ulE force and e�fect unti[such�ime as Trustor's lndebtedness shall be paid in full.
<br /> EXlSTlNG �NDEBTEDNESS. Th��ofiowing provisions concerning Existing Indeb�edness are a part❑f�his Deed❑�Trust:
<br /> Exis#ing Lien. Th� lien of this Deed of Trusfi secur�ng the f ndebfiedness may be sec�ndary and infer�or �a an
<br /> existing lien. Trustor express�y ca�enants and agrees ta pay, or see to the payment o�, the Ex�sting ]ndebtedness
<br /> and to pre�en�any detault�n such indebtedness, any default under�he instruments e�Eden�ing su�h indebtedness,
<br /> or any default under any security docum�nts for such inde�tedn�ss.
<br /> No IUlodifica#ion. Trust�� sha�� nat enter into any agreement wEth the halder ❑# any mortgag�, deed of �rust, or
<br /> o�her s�curity agreement which has prinrity o�er this De�d a� Trusfi hy which �hat agr�emenfi is modified,
<br /> amended, extended, or renewed without the prior written c�ns�n� ofi Lend�r. Trus�vr shall neith�r request nor
<br /> accep�any futur� ad�ances under any su�h security agreement without the prior written �onsen�of Lender.
<br /> GnNDEMNAT��N. The�fallowing pro�isions relating fia condemnativn proceedings are a part v�fihis �eed o�Trust:
<br /> Proceedings. If any proceeding in condemnation is filed, Trustor shall promptly notify Lender in w�iting, and
<br /> T�-us�ar shall pramptly take such steps as may be necessary fio defiend the action and ❑btain the award. Trus�ar
<br /> may b��he n�mEnal party in su�h proceed�ng, but Lender shal[ be en�itfed fi❑ participate in fihe pra�eeding and to be
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