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2� 17� 1841 DEED �F TRUST Loan No: 'I�'I 3D'I�79 {Cont�nued� Page 4 �u� no� 1�mi�ed to Trustor's �ailure to discharge or pay wh�n due any amounts Trustor is required �o discharge or pay under�his Deed o�F Trust or any Reia�ed Documents, L�nd�r on Trustor`s behalf may tbut sha11 nat be obligated tof take any action that Lender deems appropria�e, in�iuding but not limit�d to discharging or paying a!I taxes, liens, security interests. encumbrances and other ciaims, at any time �e�ied or placed ❑n the Prvperty and paying aII casts�vr insuringr maEntaining and preser�ing �he Properfiy. A!i such expendi�ures incurred or paid by Lender for such purposes wi1� �hen bear interes�t at the rate charged under the Nvte frvm the date incurr�d ❑r paid by Lender�a the date o�F repayment by Trustor. A1� such expenses wiil became a part of fihe Indebtedness and, at Lender's op#ion, will {A} be payabfe vn demand; {By be added tv �he ba�ance of fihe Nafie and be appartioned amang and be payable with any instaiIment payments �o became due during either {1} the t�rm of any applicabie insurance pa�icy; or t�} #he rema�n�ng term o� the Nate; or �C} be treated as a baiioon paymen�whE�h will be due and payab[e a��he Not�'s maturity. The Deed a� Trus� alsa wili secure paymen� of these amounts. Such right sha�1 be �n additian �o all other rights and remed�es to which Lender may be enfiifiled upan De�aui�. WARRANTY; DEFENSE�F TITLE, Th�foilowing pr�visions reiafiing to ownership❑�the Property are a part o�this Deed o�Trust: Title. Trus�� warrants that: �a} Trus�or ha[ds gaod and ma�-ke�able title o� record to the Property in fee simpie, free and clear v� a11 Iiens and encumbranc�s �ther t�an those set �arth �n the Rea� Property description or in any �ti�tle �nsurance palicy, title repvrt, vr fina� titie opinion issued in �Fa�ar a�f and accepted by. Lender in connectEon with this Deed vf Trust, and ��y Trustar has�he fuil right, pov►rer, and authori#y tv execute and def��er�his Deed of Trus�ta Lender. Defense of TitIe. Subject ta �he exception in the paragraph aboWe, Trustor warran�s and wEll fore�er defend �he ti��e t❑the Property against the iawful �laims o�a�f persons. !n �he ��ent any ac��on vr pro�eeding is commenced fihat ques�ions Trus�tor's �itfe❑r the interes�of Trustee or Lender under�his Deed vf Trust, Trust�r shal� defend�he action at Trustvr`s expense. Trustvr may he the naminal party in such pr�ceeding, but Lender sha�! be enti�ied fio participa�e in �the prviceeding and tv b� represented in the proceeding by caunsel a� Lender's awn choice, and Trustor wil� deli�er, or cause�o he deli�ered, fio Lender such instruments as Lender may request from time ta time ta p�rmit such participati�n. CompI�ance Wi#h Laws. Trus�or war�ants that the Pr�perty and Trustar's use v� �he Prope��y complies wfth a11 existing applicable�aws, ordinances, and regulafions af go�ernmenta� authorities. Survi�aI o� Reprgsentations and Warranties. Afl representations, warranfiies, and agreements made by Trustar in this ❑eed o�F Trust shall sur�i�e�he executivn and deli�ery vf�his Deed of Trust, shalI be con�inuing in naturer and shaiI remain in fuli�orce and effect until such�im� as Trustar's lndehtedness sha�� be paid in fulE. C�NDENlNATI�N. The fo��awing prn�isions�eIating tv condemna�tion praceedings are a par�of this ❑eed of Trust: Prviceedings. �� any praceeding in condemnafiion is fifed, Trust�r sha�E p�omptly notEfy Lender in writing, and Trus�or shail promptly �take such steps as may be necessary ta de�end the action and ❑btain the award. Trust�r may be�he nominai party in such prvice�ding� but Lender sha11 be entitled to participate in�he proceeding and to be represented in the proceeding by counsel ofi its own cho�ce, and Trustor wii[ deli�er ar Gause ta be delivered to Lender such �ns�ruments and dvcumentation as may b� requested by Lender tram �ime to time �a permit such par�icipation. AppIicativn of Net Pro�eeds. If aE! ❑r any part of�he Proper�y is condemned by eminent domain proceedings or by any praceeding or pur�hase in lieu of condemnafiian, Lende�may at its election require that a�l vr any portian o��the ner prv�eeds of the award be appii�d ta the �ndebtedness ❑r �he �epair or restaratEon o� the Praperty. The net proceeds of the av►rard shaEI mean the award after paymen�❑�aIE reasvnable casts, expenses. and a�torneys` fees incur�ed by Trustee or Lender En cannection with the condemna�Fan. IMP�SIT[�N �F TAXES, FEES AND CHARGES BY G�VERNMENTAL AUTH�RITIES. The fo�lowing prv�isians rela#ing ta go��rnmenta!taxes, �ees and charges are a par�of this ae�d of Trust: Cur�ent Taxes, Fees and Charges. �pon reques� �y Lende�, Trusto� shall execu�e such documenfs in add��ion to this D�ed ❑�Trust and take wha�e�er o�her activn is requested hy Lender�a perf�c� and continue Lender's iien vn �he Reai Property. T�ustor sha[I re�mhurse Lend�r �ar ali taxes, as described be[ow, tagether wi�h a11 expenses incurred in recarding. pertec�ing or continuing #his Dee� of Trus�, including without iim�tativn al� taxes, f�es. documen�ary stamps� and other charges�or recordEng or reg�stering this Deed o�Trust. Tax�s. The faliowing shall canstitute �axes to whi�h �his sec�inn applies: t'�f a specifEc �ax upon thEs type a� Deed o�Trust or upvn a!I o� any part o�the Indebtedness secured by this aeed of Trust; {2y a speci�ic tax on Trust�r wh�ch Trustor is autharized or required to deduct from paymenfis on the Indebtedness secured by�his type vf�eed o�Trust; �3} a�ax an this type vf ❑eed ❑f Trust cha�rgeable against�he Lender vr the hvlder of the Note; and {4} a specific tax on a1I or any portion o�the Endebtedness or on paymen�ts ❑�principal and in�eres� made by Trustor. Subsequent Taxes. if any tax to which �h�s se�tian applies is �nacted suhsequent tv th� date ❑f this D�ed o�F Trust, this e�ent shafl ha�e �he same effe�� as an E�en� �� Defaulfi, and Lender may exercise any or a11 0# its a�a��able remed�es fior an E�en� of Default as pr��id�d below un�ess Trustor either t'�y pays the tax b�fore Et b�comes delinquent� or {2} cvn�ests the �ax as p�aWided a�o�e En the Taxes and L�ens section and depvsits wi#h Lender cash�r a suffici�n�carporate surety bond❑r other se�urity satis�ac�ory fio Lender.