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2� 17�2282 DEED �F TRUST Lvan Nv: 'iD'13�3�� Cont�nued} Pag� 4 Maintenance vf lnsurance. Trustor shall pr��ure and maintain p�iicies of fire insuran�e with standard extended co�erage endorsemen�s vn a fair �alue laasis �or �he fu�� insurable �alue co�ering all lmpro�ements ❑n the Real Proper�y in an amaunt su�f�icient to a�aid applica�3an af any �oinsurance clause, and with a standard mvr�gagee c�ause in �avvr o�Lender. T�ustor shall als❑ pro�ure and main�ain comprehensi�e general lialaiiity insuranc� 3n such coverag� amaun�s as Lender may request wi�h Trustee and Lender being named as addi�ional insureds in such liab�Iifiy insurance po�icies. Addi�ionally, Trustar shall maintain such ❑�her insurance, including �u� not limited t� ha�ard, business interruptian, and boiler insurance, as L�nder may reasona�ly requi�-e. Policies shall be w�itten in form, amounts, caWerages and basis reasanal�Iy accepfiable to Lender and issued hy a company ar companies reasonaf�fy accep�able t❑ Lend�r. Trus�or, upan request a� Lender, wil[ deli�e� tv Lender from t�me to �ime the policies or certificates ❑f insuran�e in farm satis�actory t❑ Lender, including stipula�kions tha�co�erages wiIl not be Ganceiled or diminished without at leas�ten �� days prior wr�tten notice to Lender. Each insurance policy also shall include an endorsement prv�iding fihat co�erage in�avar of Lender will not h�impaired in any way by any act, ❑mission ar de�au�t of Trus�ar❑r any vther persvn. Sh�uld the Real Property be located in an area designated by the Administrator o-��he Federa� Emergency Managemen�Agency as a special filood hazard area, Trust�r agrees fiv �btain and mainfiain Federal Flaad lnsurance, i� a�ai[abl�, within 45 days af�er notice is gi�en i�y Lender �ha� the Proper�y is located in a special flood hazard area, #or the�uII unpaid principal ha�an�e❑fi the loan and any prior fiens on�he pr�perty securing�he loan, up�a fihe maxEmum policy limits set under the Na�iana� Flaod Insurance Pragram, or as❑�herwise required �y Lender, and ta maintain such insurance�or the fierm of the laan. Appli�ation vf Prviceeds. Trustor shall prompt�y notify Lender of any f�ss or damage to the Prvperty. Lender may make pronf ❑f loss if Trus�or �ai�s ta do sa within �Efteen ��5� days ❑f the casualty. Whefiher ar not Lender's securifiy is Empaired, Lender may, afi Lender's efec�ion, recei�e and re�ain the proceeds of any insurance and apply the proceeds to the reduction ❑f�he lndebtedness, payment ❑�F any �ien affec�ing the P�-operty, or the res�ara�ian and repair of fihe Praperty. !f Lender elects to apply�he praceeds �k� rest�rativn and r�pair, Trus�kor shall repair ❑r replace the damaged �r des�krvyed lmpro�emen�s in a manner satEs�actory �❑ Lender. Lender shail, upon sa�is�actory praof of such expend�ture, pay vr reimburse Trustor �ram the prv�eeds �or fihe reasanahle cost ❑f repair o�- restorativn i� Trus�or is not En defaul� unde�- �his Deed of Trust. Any prviceeds which ha�e not been disbursed wi�hin �8� days a-f-ker�he�r receip� and whi�h Lender has not commi�ted to the repair or r�s�ora�ion of �he Prvperty sha�E 1�e used first�t❑ pay any amount owing to Lender under�his I�eed ❑�Trust, then t� pay a�crued interest, and the remainder, if any, shall be applied t❑ �he principal hafance �t fihe lndeb�edness. I� Lsnder holds any proceeds after payment in �ufl af the lndebtedness, such prviceeds shall be paid to Trustar as Trustor's in�eres�s may appear. Trusfivr's Report on Insurance. Upon request o� Lender, h�weWer not m�re than once a year, Trustvr shafl fiurnish ta Lender a report ❑n each existing policy vf �nsurance shvwing: �'f� the name a�f th� insurer; �2� the risks insured; �3} the amoun� o� the poficy; �4�} �he prvper�y insured, �he then �urren� replacement �alue of such proper�y, and�he manner of determining �hat value; and {5� the expiration date of the policy. Trustor shall, upan request❑f Lender, ha�e an independent appraiser satis�actory t❑ Lender determine the�ash�alue rep�acement cvs� o�the Property. LEN�ER'S EXPEND�TURES. If any action ❑r prv�eeding is commenced�hat wvuld material�y a#�e�t Lender's interest in the Praperty or �f Trus�or fai�s to comply with any provision vf�his �3eed ❑f Trust ar any Relat�d Documents, including hu� nofi iimifi�d �❑ Trustar's failure t❑ discha�ge ❑r pay when due any amaunts Trus�vr is required �o discha�-ge vr pay under this I�eed of T�ust�r any Related Documen�s, Lender on Trustor's behalf may �but shall not he ❑bliga��d�a� �ake any action that Lender- deems appropriate, including bu� n�t limited t� discharging ❑r paying a�[ taxes, liens, security in�erests, encumbrances and ❑ther claims, at any time ie�ied or placed on the Proper�y and paying al! �osts far insuring, main�aining and pres�r�ing the Property. A�E such expenditures incurred ❑r paid by Lender�vr such purp�ses will then bear interest a�t the ra�e �harged under the Nofe from �he date incurr�d �r paid hy Lender t� the date o� repaymen� by Trus�ar. All such expenses will became a part �t the lndelatedness and, at Lender's vptian, will �A� be payab�e an demand; �6y he added �o the balance of the Note and be apportioned among and be payable w�th any installment payments �v become due during either ��} �he�erm of an� appEi�able insurance policy; or t�} the remaining fierm v� the Nvte; vr �C� he tr'eated as a ballovn paym�n#which will be due and payable a�t�he Note's ma�u��ty. The ❑eed ❑f Trust a�sa wil� secure payment o� th�se amounts. Such right shafl be in additEan �o all other righ�s and remedies to which Lender may he entitled upan De�fau�t. 1NARRANTY: DEFENSE�F T1TLE. The fv�lowing proW�sivns re�ating tv ❑wnership❑fi�he Property are a par�of this ❑eed ❑f Trus�: Tit[e. Trustar warrants that: {a} Trusfior halds good and marketable �itle ❑f record to �he Pro�er�y �n �ee simple, �ree and clear o� al� liens and encumbrances other than those set torth in the Real Prvperty description or in any title insurance po��cy, ti�le report, or �inal �it�e ❑pinion issued in �aWor �f, and accep�ed by, Lender in cannection wi�h�his ❑eed ❑f Trus�, and �b} Trus�tor has the full �-i�h�, power, and au�hority�fio execute and del�Wer�his Deed o� Trus�to Lender. 1]efense D� Ti�IB. 5ub�ect tv the excep�ian in the paragraph aba�e, Trustor warran�s and will �o�e�er defend the tit�e �o the Praperty agains��he lawful �laims o�F a�l persons. In the e�ent any a�tion ❑r proceed�ng is commenced that quesfiians Trustor's �itle ❑r�he interes�❑f Trustee or Lender under this Deed vf Trus�, Trustor sha�I defend �he actian a�Trustor's expense. Trustor may be fihe namina� party in such proceeding, bufi Lender shall be entitled �❑ participa�e in �he p�oceeding and �❑ be represented in �he praceeding by cvunse! vf Lender's own choice, and Trustor wi1! deli�er, or cause tv be deli�ered, �o Lender such ins�ruments as Lender may reques�from time to�ime