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� r 2� 17�233� DEED �F TRUST Lvan Nv: 1�13�39'17 {C�ntinued} Page 4 the Administ�atar af the Federal Emergency Management Agency as a specia� flood hazard area, Trus�vr agrees �a obtain and main�ain Federal Flaod Insuran�e, �� a�ailab�e, with�n 45 days after notice is gi�en �y L�nder�ha� the Property is lacated in a special�lood ha�ard area, for the full unpaid princspa! ba[ance of fihe loan and any prior liens vn fihe praperty securing the Ivan, up to the maxfmum palicy limits set under�he Na�ional Fl��d Insurance Program, ❑r as otherwise required by Lender, and�o main�ain such insurance fvr the�erm of the loan. Applicafion v�Proceeds. Trusfior shall pr�mp�ly notify Lender of any [oss or damage to fihe Praper�y. Lender may make provf �� ass if Trustar fails �o do s❑ within fifteen ��5� days of the �asualty. Whe�her ar not Lender's securi�y is impaired, Lender may, afi Lender's elec�ion, recei�e and re�ain the praceeds of any insurance and apply �he proceeds �v fihe reducfiion o�the Indebtedness, payment of any fien affecting fihe Prvperty, or�he restora�ion and repair of�he Property. I� Lender elec�s to apply the pro�eeds to restaration and repair, Trustor shalf repair or replace �he damaged ❑r destroyed lmprvWements in a manner satis�act�ry �o Lender. Lender shall, upon satisfacfiory proo� o�F su�h expendi�ure, pay ❑r reimhurse Trus�or fram �he proc�eds for the reasonable cost af repair ❑r restvra�ion it Trustor is no� in de�Faul� und�r this Deed �f Trust. Any proceeds which ha�e nv� been disbursed wi�hin '�SD days after their receipfi and which Lender has nofi cvmmi�ted ta fihe repair �r res�vrat�on ❑� �khe P�-operty shall be used first to pay any amvunfi owing�o Lender under this ❑eed ❑f Trus�, �hen to pay accrued interest, and the remaind�r, if any, shall be applied �o �he principal balance of the lndehtedness. If Lender ho�ds any proceeds af�er payment in full ❑f the Indebfiedness, such proceeds shall be pa�d fiv Trustvr as Trus'�ar`s in�erests may appear. Comp�iance wifih Exis�ing indeb�edness. ❑uring the period in which any Exis�ing [ndebtedness described belaw is in efifie��, �ompliance with the insuran�e proWisions contained in the instrumen� eWiden�ing such Exis�ing lndebtedness shall cflnst�tute camp[iance wi�h the insurance prv�isivns under �his Deed of Trust, to �he extent complian�e wifih �he fie�-ms o�F�his Deed of Trust would constitute a duplicatian v� insurance requiremen�. if any pr�ceeds fr�m the insurance become payable �n lvss, the pro�isions in thEs Deed o�F Trust fo�-d��ision af proceeds sha�l apply vnly to thafi por�ivn of the proceeds no�payabl��❑the halder of the Existing Indeb�edness. Trustor's Repvr�vn Insurance, �pon �-equest o� Lender, however nvt more than once a year, Trustor shall furnish ta Lender a repor� on each exis�ing policy ❑f insurance showing: {1} the name ❑f the insure�-; t�� the risks insured; �3} �he amaunt of �he policy; �4� the property insured, the then current r�pla�emen� �alu� ❑f such prvperty, and�he manner o�F de�ermining that�alue; and �5} the expiratian date o�the policy. T�us�vr sha[�, upon request��Lender� ha�e an independent appraiser sa�isfactary to Lender defiermine the cash value�-eplacement cvs� of the Proper�ty. LENDER'S E�PENDITURES, �f any a�tion ❑r proceeding is cammenced tha�would materially affe�t Lender`s in�erest in �he Property or i�F Trustor�aiEs to cvmply wi�h any proW�sion of this D�ed of Trust or any Related Dv�umen�s, inc�uding but not fimi�ed to Trustor's �ailure to comply with any ohligatian�❑ maintain Exis�ing lndebtedness in gaod s�anding as requir�d heiow, ❑r�❑ dischar�e vr pay when due any amaunts Trus�ar is required t❑discharge ar pay under this Deed of Trus� �r any Related ❑ocuments, Lender ❑n Trustor`s behalf may tbu� shall not be obligated tv� �a�e any a�tion that L�nder deems apprvpriafie, including but not limited to discharging or paying a�� taxes, liens, se�urity interests, en�umbrances and v�her claims, a� any �ime ��vied or placed on the Property and paying a!� costs for insuring, ma�nta�n�ng and preser�ing fihe Prvperfiy. All such expendifiures incurred ❑r paid 1ay Lender�or such purpases will �hen bear interest at the rate charged under�he Note �rom the da�e incurred ❑r paid by Lender to �he date af repaymen� I�y Trus�or. All su�h expenses will became a parfi v��he 1ndel�tedness and, at Lender's optian, wEll �A} be payable fln demand; �B� be added �v the balance of the Nate and be appartioned among and be payable with any installment paymen�s �❑ become due during ei�her {1} the -term ❑f any appiE�able insurance policy; or �2} �he r�maining �erm o� the Nofie; ar tC} be�reated as a balloon payment which wi[l 1�e due and payahle at�he Nv�e's maturity. Th� ❑eed �� Trus� als❑ will secure payment of these amounts. Such righ� sha�� be in addition �o all other rights and remedies to which Lender may b�entitled upan �efault. VIIAFiFiANTY; DEFENSE DF TITLE. The follov��ng prflvisE�ns relating to awne�ship of th� Praperty are a part❑f�his D�ed af Trus�: T�t�e. Trustor v�arrants �hat: �a� Trus�ar holds goad and marke�ab�e title af record to fihe Prvperty in fiee simp�e, free and c�ear ❑f all liens and encumbrances ather than those set for�h in �he Real Proper�y description or in the Existing Indebtedness se�tion below or in any fii�le insuran�e policy, title repvrt, ar fiinal fiitle apinian issued in fia�or of, and accepted by, Lender in cvnnec�ion with �his Deed fl�Trus�, and �b} Trustor has the �ull right, power, and authority to execute and deli�er this Deed of Trus��ko Lender. De�ense v�F Title. Subject �❑ the ex�eption in the paragraph abo�e, Trustar warrants and will forever defend the tifile�tv �he Property agains�the law-�u� claims of a�� persans. In the e�ent any action vr prviceeding is c�mmenced that questions Trustor's�i�le ❑r fih� in�erest❑�Trustee or Lender under this Deed af Trus�,T�ustar shall defend �h� a�tion at Trustor's expense. Trusto� may be fihe nomina[ party in su�h praceeding, but Lender sha�l be en�itled�❑ par�icipate in the proceeding and �a be represented in �he proceeding by counsel �f Lender's own choi�e, and Trus�or will de��er, ar cause t❑ be deli�ered, to Lender such ins�ruments as Lender may request�rom time to�ime t❑ permit such parti�ipation. �vmpliance With Lav►rs. Trus�or warrants tha� the Property and Trustor's use o� fihe Property cvmp�ies with a�l exis�ing app�ica�le laws, ordinances, and regulations o�go�ernmenta� authori�ies. Survi�al vf Represen�ations and �11Jarranties. All rep�esentations, wa�ranties, and agreements made by Trus�or in