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2� 17�2�� 1
<br /> DEED DF TRUST
<br /> Lvan Nv: '1�'1��339� {Cont��lU�d� , Page 4
<br /> in�eres�s may ap�ear.
<br /> Gvmpliance with Exis�ing Indebtedness. auring the periad in which any Existing Indebtedness described bel�w is
<br /> �n ef�Fec�, compliance wi�fih fihe insurance pro�isions cvntained in �he ins�rument e�idencin� such Exis�ing
<br />• Indebtedness shall cons�i�u�e compliance with �he insurance pro�isi�ns under �khis Deed of Trus�, to the extent
<br /> compliance with fihe terms vf this Deed ❑�Trust would constifiu�e a duplication ❑f insurance requiremen�. lf any
<br /> pr�ceeds fr�m the insurance become payable on loss, the pravisians in this ❑eed a�Trust for di�ision of praceeds
<br /> shafl apply❑nly�❑tha�portion o�the proceeds no�payable to the hotder�f the Exist�ng lndebtedness.
<br /> � LENDER'S E�CPENDITURES. [f Trustor fails �A} ta keep the Prvper�y free o� all taxes, liens, security in�erests,
<br /> encumbrances, and ❑ther c�aims, �B} to pro�ide any required insurance on �he Proper�y, �C} to make repairs to �he
<br /> Propsr�y or fio comply wi�h any ❑bliga�ion �❑ ma�n�ain Exis�ing Indebtedness in g�od s�anding as required bel�w, then
<br /> Lender may d❑ sa. I� any actian vr prviceeding Es commenced fihat would materially afFect Lender's in�ke�-es�s in th�
<br /> Property, �hen Lender an Trus�ko�'s behalf may, bu� is nat required t�, take any a�tion that Lender befie�es to be
<br /> appropria�e �❑ protect Lender's in��rests. AIt expenses incurred ❑r paid �y Lender �for such purposes will �hen hear
<br /> interest at �he rafie �harged under the Note �rom the da�� incurred or paid by Lender ta �he date ❑f repaymen� by
<br /> Trus�or. All such expenses will become a part ❑#the fndebtedness and, at Lender's optivn, will �A} he payable an
<br /> demand; �6� be added �❑ the balance ❑� the No�e and 1�e apportioned among and be payable with any insta��ment
<br /> payments to became due during ei�her {'�y the term o� any app�icabfe insurance policy; ❑r ��} the remaining term of
<br /> �he Note; ❑r �C� be treated as a ballaon payment which will be due and payable at the No�e's maturity. The Deed ��
<br /> Trusfi also wEll secure paymen� ❑�F these amvunts. The righ�s pra�ided �ar in fihis parag�aph shall i�e in addifiion tfl any
<br /> o�her righ�s ❑r any remedies to which Lender may be en�i�led vn accoun� of any default. Any such action by Lender
<br /> shall nofi 1ae construed as curing the de�ault s❑ as to bar Lender fram any remedy�hat ifi o-�herwise wvufd ha�e had.
<br /> �IIlARRANTY; DEFENSE�F TITLE. The�ollawing pro��sions rela�ing�k❑ ❑wnership of�khe Property are a par�of this Deed
<br /> ❑�F Trust:
<br /> Ti�le. Trustor wa�rants that; �a} Trus�ar holds good and marketab[e ti�fe o� r�cord t❑ the P�op�rty in �fee simple,
<br /> free and clear ❑f all liens and encumbran�es other tha� thvse se� forth in the Real Property desCrip�ion ar in the
<br /> Existing Indebtedness s�ction belaw �r-in any ti�le insurance po�i�y, title report, or final�itle opinian issued in fa�or
<br /> �'�, and ac�ep�ed by, Lender in ��nnec�ivn with this Deed ❑f Trus�, and �b� Trustvr has �he full righ�, pow�r, and
<br /> authari�y�a execufie and d�li�er�his Deed of Trust t❑ Lender.
<br /> ❑efense of Tit�e. Subjec� to �he excepti�n in the paragraph abo�e, Trus�or warran�ks and will fore�er defend the
<br /> titie to the Praperty against the lawful ciaims of all persans. In the e�ent any activn ❑r proc�eding is commenced
<br /> �hat questians Trustor's tEt[e ❑r�khe interes�v�Trustee or Lender unde�-�his De�d af Trust,Trustor shall de�end the
<br /> action at Trusfia�'s expense. Trus�vr may be the nominal party in such proceeding, laut Lender shall be en�itled �ko
<br /> parki�ipate in the proceedEng and to be represented in the proceeding �y counse� of Lender's ❑wn cho�ce, and
<br /> Trustor wif� deliW�r, or cause fio he de[i�ered, ta Lend�r such instrum�n�s as L�nder may request fram ttm�t❑time
<br /> to permEt such part�cipa��on.
<br /> Cvmplian�e VIlith Laws. Trustar warrants that the Pr�perty and Trus�or's use o# �he Prflper�y �omp�ies w�th all
<br /> existing applicable�aws, ❑r-d�nances, and regulatians❑f gaWernmenta� authorities.
<br /> Surviva! of Promises. A11 promises� agreements, and sta�ements Trustor has made in �his ❑eed of Trust sha�l
<br /> surWi�e the sxecution and deli�ery ❑f this De�d of Trust, shall be cantinuing in nature and shall remain �n full �orc�
<br /> and effec�until such time as Trustor's Indebtedness is paid in full.
<br /> E�ISTING �NDEBTEDNE55. The�oEl�wing pro�isions concerning Exisfiing [ndebtedness are a part❑f th�s ❑eed o�Trust:
<br /> Ex�sting Lien. The lisn �f this ❑eed ❑f Trus� securing �he �ndebtedness may be secondary and in�erior �v an
<br /> exis�ing iien. Trustor express[y covenants and agrees to pay, ar see to th� paymen�of, the Existing Indebt�dness
<br /> and�a preWent any default on such �ndeb�edness, any c�efaul�under�he ins�ruments e�idencing such �nd�b�edness,
<br /> vr any de�aul�under any se�urEty d�cuments for su�h indebtedness.
<br /> No Mvdi#icatian, Trustvr sha[E nat ente�- infio any ag�eemen� v�rith the holder of any mortgage, deed o�trus�, or
<br /> ❑ther security agreement which has pri�rity ❑�er this Deed ❑-� Trust by which tha� agreement is modi�ied,
<br /> amended, extended, or renewed w�thvut the privr written c�nsent of Lender. Trustvr shal� nei�her request nor
<br /> a��ep�any�u�ure adWances under any such security agreement without the prior written �onsent❑f Lender.
<br /> CaNDEMNATION. The follow�ng pro�isions reiating t❑ condemnatEon proceedings are a part of�his Deed o�Trust:
<br /> Proceedings. !f any praceeding in candemnatian is fi�ed, Trustor shall promptly no�ify Lender in writing, and
<br /> Trus�or shall promp�ly take such s��ps as may be n�cessary to defend �he activn and ob�ain �he award. Trustor
<br /> may be the nominal party in such proceeding, but Lende�-shall be entit�ed ta parti�ipat�in�he proceeding and to be
<br /> represented in �he proceeding by counse� vfi ifis vwn choice, and Trustvr wi�E deliver ❑r cause �o be deli�ered to
<br /> Lender such instruments and documen�ation as may be requested by Lender from time to time �o permi� such
<br /> parti�ipatian.
<br /> Appl�cafiivn o�Ne�Prviceeds. I�a�� ❑r any part�f�he Prvper#y is c�ndemned by eminent domain praceedings �r by
<br /> any proceeding vr purchase in lieu of cond�mnation, Lender may a�t its eiection require�hafi all ar any portian of the
<br /> ne� pra�eeds of the award be applied t❑ the Indel�tedness or the repair flr restaration ❑f the Property. The ne�
<br /> proceeds of the award shall mean �he award after payment o� all reasonable cos�sr expenses, and at�orneys' fees
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