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2� 17� 183� . DEED �F TF�UST Loan No: 'i Q�3��489 ��ntinued� Page 4 encumbrances, and�ther claims, tB} to provide any requir�d insurance an the Property, or {Cy to make repairs to the Pr�perty then Lender may d❑ so, If any a�ti�n or proceeding is commenced that wvuld materially affect Lender's in�eres�s in the Property. �hen Lender ❑n Trus��r`s E�ehal� may, hu� is not required �v, take any a�tian �hat Lender belie�es ta be appropriate�o pra�ect Lender'� interes�s. All expens�s incurred or paid by Lender fiar such purposes will then bear interest at the ra�e charged under the No�e�rom the date incurred vr paid hy Lender t❑the da�e ❑f repayrnen� by Trust�r. AEI such expenses wil� become a part ot the Indebtedness and, a� Lender's op�ion, wiE� {Ay be payab�e on demand; {By be added �a the baEance a� �he Note and be apportioned among and be payable ►nrith any installm�nt payments �o becam� due during either {'i} the�erm o'� any applicable insurance palicy; ar �2y the remaining term of the Note; or {C} be tr�ated as a ballaan payment which will be du� and payable at the Nvte's ma�urity. The ❑eed �f Trust also will secure paymen�ot�hese amoun�s. The rights prvvided �ar in this paragraph shall be in addition �o any other rights ❑r any remedies tv v►rhi�h Lender may be entitied an accoun� of any de#au�t. Any su�h ac�ion by Lender shall no�be canstru�d as�uring�he de�aul�so as to bar Lender�rom any remedy that it otherwise would ha�e had. WARRANTY; DEFENSE�F TiTLE. The�Follvwin� proWisi�ns re[ating t�ownership af the Proper�y a�e a part❑f this Deed of Trust: Ti#�e. Trustvr warrants that: tay Trus�vr holds good and marketabfe title af reco�d ta the Praperty in fee simple, �ree anal clear af all liens and encumhrances ather than those se� forth in the Real Property descripfion or in any title insurance pvlicy, ��tle r�port, or �inal title opinivn issued in �a�or of� and accep�ed hy, Lender in �onnection with this ❑eed❑#Trust, and {b� T�ustor has�he�u11 right, powe�. and authority ta execu�e and deli�er this Deed of Trust�o Lender. De�Fense of Ts#!e. Sub�ect �o the ex�eption in #he paragraph abo�e, Trustor warrants and will �ore�er de�end �he �itle to the Proper�y agains�th� !a►nrful claims a� ali persflns. In the e�ent any a�tion ar praceeding is commenced fihat questians Trustor's �i�le�r�he in�erest o�Trus��e or Lender under�his Deed o�Trust, Trus�o�sha11 defend the- actian at Trustor's expense. Trustor may be the nam�nal party in such proceeding, but Lender shall be entitfed to participate in the proceed�ng and to he represented in the proce�ding by caunsel vf Lender's own chaice, and Trustor will deli�er, or cause to be deli�ered, to Lender such instruments as Lender may reques�from t�me to time to p�rmit such participativn. Campliance With Laws. Trus�ar warrants �hat �he Property and Trustor's use ❑f the Prvperty camp�ies wi�h ail exis�ing applicable 1aws, ❑rdinanc�s, and regula�ions a�go�ernmental authorEti�s. SurW��a[ of Pramises. All pramises, agreements, and s�atements Trustor has made �n this Deed o�r Trus� s�a[i su��i�e the ex��u�ian and deli�ery o�this Deed o�Trus�, sha�E be cantinuing in nature and shall remain in tull force and effect until such time as Trustar's lndebtedness is paid in�ull. CaNDEMNATi�N. The follawing proWisions relating to condemnation proceedings are a part o�th�s ❑eed af Trust: Proceedings. �� any pro�eeding in condemnation Es filed, Trustor shail promp��y no�ify Lender in writing, and Trustor shall promp�iy�a�e such steps as may be necessary tv defend�he activn and abtain the award. Trustor may be th� nomina� par�y in such proceeding, but L�nder shall be enti��ed to participa�e tn the proceeding and�a be represented in �he prviceeding by counsel af its vwn chvice, and Trus�or v►rill deli�er vr cause tn be deli�ered tv Lender such instruments and dvcumenta�ion as may be reques�ed by Lender fr�m #ime to time ta pe�-mit such part�cipation. Applica#ivn of Ne# Proc�eds. I�all or any part of the Property is condsmned by eminent dvmain proCeedings or by any proceeding or pur�hase in lieu vf cvndemnatian. Lender may at its el��ian requ��e that all or any por�ion of�he net proceeds ❑f the award be appli�d ta �he Indebtedness or the repair or restoration o� the Property. The ne� praceeds of the award shall mean the award after payment a�alf reasvnabl� casts. exp�nses, and at�orn�ys' ��es in�urred by Tru$�es or Lend�r in connection wi�h the�vndemnation. IIVIP05iTi�N �F TA�ES, FEES AND CHARGES gY GDVERNMENTAL AUTH�RiTiES. The fv�lowing pra�isivns refating to��e�nmenta�taxes, �ees and charges are a part af this❑��d of Trust: Current Taxes. Fees and Charges. lJpon request by Lender, Trustar shall execut� such dvcuments in addi�ivn tv �his Deed of Trust and �ake whate�rer o�her ac�i�n is requested by Lender to per�ect and cantinue L�nder's ��en �n the Rea� Property. Trustor sha11 reimburse Lender -�or ali taxes, as described be[aw, tage�her with a�l expenses incurred in recarding, per��c�ing ❑r continu�ng thEs Qeed a� Trust, inc�uding without limitativn all taxes, fees, dveumentary stamps� and ather charges�or recarding❑r registering�his Deed ot Trusx. Taxes. The fvllowing shall c�nstitute taxes to v+rhich this sectivn applies: �'i� a speci�ic #ax upan this type �� Deed o�Trus� or upan all or any part �f the Indebtedness se�ured by this ❑eed of Trus�; {�f a speci�ic tax on Trust�r which Trustvr is authorized or required ta deduct tram payments an-rhe Indebtedness secured by this type ❑�❑�ed❑f Trust; �3} a tax an this�ype of Deed ❑f Trust chargeable agains�the Lend�r or the hvlder ❑f the Nvte; and �4} a speei�i�tax on aff ❑r any portion af the Indebtedness or on paym�n�s of principal and int�rest made by Trus�or. Suhsequen� Taxes. If any tax ta whiGh �his s�ction app[Ees is enacted subse�uent to �he da�e a� this Deed a# T�-ust, this e�ent shall ha�e the same effec� as an E�en# of De�aul�, and Lender may exercise any ❑r all of its a�ailable remedies �vr an E�en� of Detault as pro�ided belaw unless Trustor either �'�y pays th� tax before it hecomes delinquent, or {�� con�ests the tax as pro�ided abv�e in fihe Taxes and L�ens se�tion and deposits wi�h Lende�cash vr a su�ficEen��orporate surety bond or other security satis�actory to Lender.