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2� 17�2393
<br /> DEED �F TRUST
<br /> Loan No: 'I�'i 3��5�9 ��orltirlu�d} Page 3
<br /> LENDER'S E:XRENDiTURES. If Trus�or #ails �A} �a keep �he Property �ree vf alI �axes, li�ns, security interests,
<br /> encumbrances, and o�her claims, �B� �v pro�ide any requi�ed �nsurance ❑n the Prope�y, t�} �o ma�e repairs to the
<br /> Property ar to comply ►rvi�h any obliga�ivn �o maintain Existing Indeb#edness in goad standing as required be�ow. then
<br /> Lender may do so. I� any action or prv�eeding 15 commenced �hat would ma�erially af�ect Lender's in�erests in the
<br /> Praperty, then Lender vn Trustor's behalf may, bu� is not required t�. take any action �ha� Lender bel�eWes to be
<br /> apprapriate to pratec� Lender's interests. A!I expenses in�urred or paid by Lender f��' S!!C�'1 pLICpQ5�5 will �hen bear
<br /> interes� a� the rate charged under the Credi� Agreement from the date incurred ❑r paid by Lender ta �he date a�
<br /> repayment �y Trustar. A!� such expenses wili become a part❑�the lndeb�edness and, a� Lender's op�ian, ►nrill {A} be
<br /> payable on ��emand; �g} be added to the balance vf the Credi�Agreemen� and be apportionsd among and be payable
<br /> with any installment paymen�s to became due during either ��� the term of any app�iGable insurance pplicy; or t2y �he
<br /> remaining term o�the �redi�Agreemen�; or �C} be treated as a ba��van paymen�which vuil� be due and payable at the
<br /> Cred�t Agre�:ment's ma#urity.
<br /> WARRANTI�'; DEFENSE�F TiTLE. The�of�owing praWisivns relating�o ownership ot'the Property are a part af�his ❑eed
<br /> o�Trus�: �
<br /> Ti#le. "frustflr warran�s tha�: {a} Trustor holds goad and marketable �i��e of recard to the Property �n fee simpte,
<br /> �r�e and clear q� ail liens and encumbran�es o�h�r than those se� forth in the Real P�vperty des�riptivn vr in the
<br /> Existin�� Indebtedness seGtion belnw ❑r in any title insurance policy, title report� or�inal title ❑pinion issu�d in�a�or
<br /> v�, and ac�ep�ed by, Lender in canne�t�on wi�h this Deed o�Trust, and �b� Trustvr has the full righ�, power, and
<br /> authori�:y�v execute and deli�er this Deed of Trust to Lender.
<br /> De�ens+� vf Ti#le. 5ub�ect to the ex�ep�ion in �he paragraph above, Trus�or warrants and will �orever defend the
<br /> tstie tv�he Prapecty against the�aw�u! ciaims af all persons.
<br /> EXtST�NG �1►�DEQTEDNESS. The�a��awing pro�isions c�ncerning Existing indebtedness are a part❑�this Deed❑f Trus�:
<br /> Ex�s#inc� Lien. The lien vf �his Deed a� Trus� securing �he lndebtedness may be secandary and inferior to an
<br /> exis�in� lien. Trustar expressly ca�enan�s and agrees tv pay, or see to the paymen�❑�, the Exis�ing [ndebtedness
<br /> and �v pr��en�any defau�t�n su�h indeb�edness, any defaul�unde��he ins�rurnen�s e�idencing such indeb�edness,
<br /> or any�efau�t unde�-any security do�umen�s�trr such indebtedness.
<br /> EVENTS �F DEFAULT. Trustvr will be in de�aul�under#his fleed o�Trust i�any❑��h� �vllvwing happen: {Ay Trus�or
<br /> �ammi�s �ra;ud ar makes a materiai m�srepresentatian a� any time in �onnection with the Credi�Agreemen�. This can
<br /> include, for example, a �aEse sta�ement abou� Trustor's incame. assets. iiabi�itEes. or any ather aspec�s of Trustor's
<br /> financia! cvridition. �g} Trus�ar does nvt meet the repaymer�t�erms of the Credit Agreemen�. {C} Trustor's ac'�ion or
<br /> inaction adversely a��ects the co[Iatera! ❑r Lender's r�ghts fn �he colia�era�. This can include, for example, �ailur� to
<br /> maintain recju�red insurance,waste or destruc�ive use o�the dwelling.�ai�ure ta pay taxes, death o�a�l persons liable on
<br /> the accnun�, �ranster o�r �itle or sale of the dweliingr �rea�ivn of a sen�or tien on the dweliing vuith�ut Lender's
<br /> permission. foreclvsure by�he hvlder of ano�her�ien. ❑r�he use of�unds or the dwelling�or prohibited purpvses.
<br /> RIGMTS AMD REMEDlES �N DEFAULT. Upvn �he o�currence af any Ev�nt a� De�aui� undsr any indeb�edness, ar
<br /> should Trus�ror fail tv comply w�th any❑#Trustar's obliga#ions under this Deed ❑f Trust.Trustee or Lender may exercise
<br /> any�ne or rnare o�the fo[�owing rights and remediss:
<br /> Ac:celerat�an�Jpun❑e�au�t;Add�#ivna[Remedies. I�any Event vf��fault ac�urs as per the�erms o�the Credit
<br /> Ac��reemen�secu�ed hereby. Lender may decCare alI Indeb�edness secured by this Deed o�Trus�ta be�ue and
<br /> payable and the same sha[!�hereupon became due and paya�le wi�hout any presentmen�, demand, pro�est vr
<br /> na�;ce o�any kind. Thereafter, Lender may:
<br /> �a} Etther in person vr by agent, wi�h or withvu� bringing any action �r pra�eeding, or by a receiver
<br /> appointed by a cvurt and without regard to the adequac�❑f�ts s�curity� en�er upan and�ake possessian
<br /> ❑f the Property� or any par�therev�, in its�►►vn name or in�he name vf Trus�ee, and d� any acts which i�
<br /> deems necessary�r desirab�e�o preser���he�alue. marketabili�y❑r ren�abi��ty vf the Praperty, ar part�f
<br /> the Propert� ❑r in�erest in�he Property; increase the incame �rom �he Proper�ty or protec�'the securi�y o�
<br /> �he Property; and, wi�h vr withaut �ak�ng possessivn of the Property, sue #ar or otherwise colle�t the
<br /> rents, issues and p�vfits of the Prvper�y, including those past due and unpa�d, and apply the same, less
<br /> casts and expenses❑�apera�ion and cvllection attorneys' fees,to an�indeb�edness secur�d by this Deed
<br /> �f Trus�, all in such order as Lender may determine. The entering upan and taking passession vf the
<br /> Prvperty, the cni�ection a� such ren�s, issues and profits, and the appiicati�n �hereat shail not cure or
<br /> waiWe any defaul�❑r natice of defaui� under this Deed�#Trust vr in�alida�e any act done in response ta
<br /> such defauE�❑r pursuant�v such nn�ice o�de�auit; and, notwiths�anding�he cantinuance in possessian vf
<br /> the Property or the collection, receipt and applica�ivn of rents, issues or pra�i�s. Trus�ee or Lender shall
<br /> �e en�itled to exercise e�er� �ight prv�ided for in the Credi�Agreement ❑r�he Related Documents or by
<br /> iaw upan the o�currence o�any s�ent❑t de�ault, including the righ��v exercise the power af sale;
<br /> {b} C�mmence an action�v foreclvse th�s Deed o�Trust as a martgage�, appoin�a receiver or specificalEy
<br /> enforce any o�the co�enants hereof; and
<br /> �c} D�1i�er ta Trustee a written de�iaration of defauit and demand for sale and a written natice o�de#ault
<br /> and e�ec�i�n��cause Trus�or's interest in the Prvper�y to be soId, whi�h nvtice Trus�ee shal[ cause�� be
<br /> duly�iled�or record in the appropriate o�fices❑f the County in which the Property is Ivca�ed; and
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