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2� 17� 1315
<br /> aEED �F TRUST
<br /> tC�nt�nued} Page 4
<br /> sha[I ap�ly only to tha�por��on o�the proceeds not payable t�the holder of the Ex�sting Indeb#�dn�ss.
<br /> LENDER'S EXPENDlTURES. �f Trus�or �ai�s �A} t� keep the Properky fre� of all �axes, liens, securi�y interests,
<br /> encumbranc�s, and other claims, �B} to pro�ide any required insurance on �he Praperty, �C} �o make repairs tv the
<br /> Property ar to comply with any obliga�ion to main�a�n Ex�s�ing Indebtedness in good s�anding as required below, then
<br /> Lender may do so, l� any ac�ian ar proceeding is cammenced that wau�d material[y affect L�nder's interes�s in the
<br /> Praper�y, the� Lende�- on T�ustor's behal� may, but is na# required �o, take any action that Lender be�ieves to be
<br /> apprapriate to pratec� Lender's interests. AI[ expenses incurred ar paid by Lender��r such purposes wi�l �hen bear
<br /> interest a� the r�te �harged under the Credit Agreemen� from the date incurred or paid by Lender �o the da�e af
<br /> repayment by Trustor. A�1 such expenses will be�ame a par�of the Indebtedness and, at Lender's option, wE�l �A} be
<br /> payabie an demand; �g} be added tfl the ba(ance ofi the Credit Agreement and be apportioned among and be payable
<br /> with any insta(Imen�payments to become due during ei�her ��} the term of any app[i�ab�e insurance pa��cy; or �2} the
<br /> remaining term of�he C�-edit Agreement; or �C} be treated as a balloon payrnent whi�h will be due and payable a�the
<br /> Credif Agr�ement's ma�urity. The aeed af Trust als�wi�( secu�-e payment of these amoun�s, The rights pro�ided for in
<br /> �his paragraph sha�l be in addition fo any other r�gh�s or any r�medies tv whi�h Lender may be entitled an accounf af
<br /> any default. Any such action by Lender shall not be cons�rued as curing the de�fauit so as to bar Lender from any
<br /> remedy fhat it otherwise wou�d have had.
<br /> WARRANTY; DEFENSE�F TITLE. The following pro�isions relat�ng �o ownership o�the Prape�ty are a part o�th�s Deed
<br /> of Trust:
<br /> T�tle. Trustor warrants that: �a} Tru�tor holds good and marke#able tit�e v��ecord ta the Prop�rty in �ee s�mple,
<br /> free and clear ofi all liens and encumbrances other�han those set farth in the Real Property description or in the
<br /> Ex�sting €ndeb�edness section be�ow or in any�itle insuran�e paficy, titl� r-eport, ar fina� title apinion issued in fa�ar
<br /> vf, and accep#ed by, Lend�r in cannection wi�h th�s Deed of Trust, and �b} Trustar has#he ful� right, power, and
<br /> authority t�exe�ute and defi�er�his Deed of Trust tv Lender.
<br /> D�fense vf Title, Subject ta the exception in the paragraph above, Trustor warrants and wil� �ore�er defend the
<br /> title to the Property agains�the �awfuf cla�ms afi all persons. fn the e�ent any action or proceeding is commenced
<br /> that ques�ions Trustor's�itl� o�the in�erest o�F Trustee or Lender under this Deed o�Trust,T�-ustor shal! defiend the
<br /> action at Trustor's expense. Trustor may be the naminai par�y in such proceeding, but Lender shali be en�it��d to
<br /> participa�e in the proce�ding and to be represen#ed in the proceeding by counsel ❑� Lende�-'s �wn choice, and
<br /> Trustor will deli�er, or cause to be de{ivered, to Lender such instruments as Lender may request frQm#ime�o time
<br /> t� per�mit such par�icipation.
<br /> Campl�ance With Laws. Trus�o�warrants that the P�-aperty and T�ustar's use of the Praperky comp�ies wi�h al�
<br /> exEsting app�i�able laws,ordinances, and regula�ions o�governmental au�horit�es.
<br /> Survi�a[ af Prvmises. A!1 promises, agreements, and statem�nts Trustar has made in this D�ed of Trust shal�
<br /> sur�i�e the executian and deli�ery of this ❑eed a�Trust, shall be continuing in nature and shal( remain in full�orce
<br /> and effect until such time as Trustor's lndebtedness is paid �n full.
<br /> EXISTING lN�EBTEDNESS. The�al�ow�ng pro�isions concerning Ex�sting Indebtedness a�e a part o�this De�d of Trust:
<br /> Existing Lien. The I�en of this ❑eed o�F Trust securing the indeb�edness may be se�ondary and in�eri��- �a an
<br /> existing �ien. Trustor exp�essly co�enants and agrees �o pay, or see�o �he payment of, �he Exis�ing lndeb�edness
<br /> and to pre�ent any default on such indeb�edness, any�efaul#under the instrumen�s e��dencing such �ndebtedness,
<br /> or any defau�t under any secur�ty dacuments for such indebtedness.
<br /> No Modification. Trustor sha11 not en�er into any agr�ement w��h the holder of any mortga�e, deed o�t�ust, ar
<br /> other securify agr��men� whi�h has priority o�er this C3eed of Trust by which tha� agreement is m�d�fi�d,
<br /> amended, extended, or renewed without the priar w�i�ten consent af Lender. Trus�ar sha�l neither request nor
<br /> accept any future ad�ances und�r any such securi�y agreemen�without the prior written consent of Lender.
<br /> C�NDEMNATI�N. The following pro�is�ons relating ta cvndemnatian proceedings are a part o��his Deed of T�ust:
<br /> Proceed�ngs. If any proceeding in condemnat�on is filed, Trustor shall p�-omptly no�ify Lender in writing, and
<br /> Trustor shall pramp�iy take such steps as may be necessary ta defend the action and obtain �he award. Trustor
<br /> may be the nom�nal pa�ty in such proceeding, but Lend�r shal� be entitled to par�icipate in#he p�oceeding and to be
<br /> r�presen�ed in �he p�oceeding by counse� o� i�s own choice, and Trus�or will de�i�er or cause �a be deliWered �o
<br /> Lender such instruments and documentation as may be requested by Lender f�am time �o fime to permit such
<br /> par�icipation.
<br /> Applicat�on af Net Praceeds. If all ar any part af�he Property is condemned �y eminent domain praceedings or by
<br /> any proceeding or purchase in lieu of condemnation, Lende�-may a� i#s e�ection require fhat al� or any por�ion of the
<br /> ne� praceeds ��the award be applied tfl �he Indebtedness or the r�pa�r or r�staration of the Proper�y. The net
<br /> proceeds of the award shall mean �he awa�-d after paymen�of alf reasonable �osts, expenses, and attorneys'fees
<br /> incur�ed by Trustee or Lender in cannec�ion with�he condemnation.
<br /> IMPQS1Tf�N 4F TAXES, FEES AND CHARGES BY G�VERNMENTAL AVTHUR�TIES. The f�l[owing pra��sions relat�ng
<br /> �v go�ernmental�axes,�ees and charges are a part o��his Deed of Trust:
<br /> �ur�rent `�axes, Fe�s and �harges. Upan reques� by Lender, T�ustar sha�i execute such documen�s in additian io
<br /> this Deed o�Trust and take whate�er o�her ac���n is r�quested by Lender t� pe�fect and continue Lender`s lien vn
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