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DEED OF TRUST 200008288
<br />(Continued) Pays 2
<br />Its agents to enter upon the Property to make such inspections and tests, at Trustor's expense, as Lender may doom appropriate to
<br />determine compliance of the Property with this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's
<br />purposes only and shall not be construed to create any responsibility or liability on the part of Lender to Trustor or to any other person. The
<br />representations and warranties contained herein are based on Trustor's due diligence In Investigating the Property for Hazardous
<br />Substances. Trustor hereby (1) releases and waives any future claims against Lender for indemnity or contribution In the event Trustor
<br />becomes liable for cleanup or other costs under any such laws; and (2) agrees to indemnify and hold harmless Lander against any and all
<br />claims, losses, liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suNsr resulting from a breach
<br />of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, release or threatened
<br />release occurring prior to Trustor's ownership or Interest In the Property, whether or not the same was or should have been known to Trustor.
<br />The provisions of this section of the Deed of Trust, Including the obligation to Indemnify, shall survive the payment of the Indebtedness and
<br />the satisfaction and reconveyance of the Wen of this Deed of Trust and shall not be affected by Lender's acquisition of any Interest In the
<br />Property, whether by foreclosure or otherwise.
<br />Weence, Waste. Truster shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any skipping of or waste on or to
<br />the Property or any portion of the Property. Without knitlrq the generality of the foregoing, Trustor will not remove, or grant to any other
<br />party the right to remove, any timber, minerals (including oil and gas), coal, day, scoria, soil, gravel or rock products without Lender's prior
<br />written consent.
<br />Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property wkhout Lender's prior written
<br />consent. As a condition to fhb removal of any Impro,raraft, Lender may require Truster to woke arrangements; satisfactory to Lender to
<br />replace such Improvements with Improvements of at least equal value.
<br />Lender's RI9M to Enter. Lender and Lender's agents and representatives may enter upon the Real Property at all reasonable tines to
<br />attend to Lender's Interests and to Inspect the Real Property for purposes of Trustor's compliance with the terms and conditions of this Deed
<br />Of Trust.
<br />C m;Mle � W with governmental Governments! ' applicable to the use a promptly comply all laws, ordinances, and regulations, now or hereafter
<br />ordinance, or regulation and authorities Property. Trustor may contest In good faith any such law,
<br />Lender in willing compliance during any proceeding, including appropriate appeals, so long as Trustor has notified
<br />ng prior to doing so and so long as, in Lender's sote opinion, Lender's Interests in the Property are not jeopardized. Lender
<br />may require Trustor to post adequate security or a surety bond, reasonably satisfactory to Lender, to protect Lender's interest.
<br />Duty to Protect. Trustor agrees neither to abandon nor leave unattended the Property. Trustor shell do all other acts, in addition to those
<br />acts set forth above In this section, which from its character and use of the Property are reasonably necessary to protect and preserve the
<br />Property.
<br />TAXES AND LIENS. The following provisions relating to the taxes and Wens on the Property are part of this Deed of Trust:
<br />Payment. Trustor shall pay when due (and In all events prior to delinquency) all taxes, special taxes, assessments, charges (Including water
<br />and sewer), fines and impositions levied against or on account of the Property, and shall pay when due all claims for work dorm on or for
<br />services rendered or material furnished to the Property. Toaster shall maintain the Property free of all Wens having priority over or equal to the
<br />Interest of Lender under this Deed of Trust, except for the Ilan of taxes and assessments not due, except for the E)*ft Indebtedness
<br />referred to below, and except as otherwise provided In this Deed of Trust.
<br />Right to Contest. Truetor may withhold payment of any tax, assessment, or claim in connection with a good faith dispute over the obligation
<br />to pay, so long as Lender's Interest In the Properly Is not jeopardized. N a Wen arises or Is Sod as a result of nonpayment, Trustor stets within
<br />fiMen (15) days alter the Wen arises or, If a Nan is filed, within fifteen (15) days after Trustor has notice of the filing, secure the discharge of the
<br />Non, or if requested by Lender, deposit with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender M an
<br />amount sufficient to discharge the Non plus any costs and attorneys' fees, or other charges that could accrue as a result of a foreclosure or
<br />sate under the Non. In any contest, Trustor shah defend ibex and Lender and stall satisfy any adverse judgment before enforcer ent against
<br />the Property. Trustor shall rams Lender as an additional obligee under any surety bond furnished In the contest proceedings.
<br />Evidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes or assessments and shall
<br />authorize the appropriate governmental otficlal to deliver to Lender at any time a written statement of the taxes and assessments against the
<br />Property.
<br />NoMce of Conskmetien. Trustor shall notify Lender at least fifteen (15) days before any work Is commenced, any services are furnished, or
<br />any materials are suppled to the Property, If any mechanic's Non, materfalmen's Non, or other Nan could be asserted on account of the work,
<br />services, or materials. Trustor will upon request of Lender furnish to Lender advance assurances satisfactory to Lender that Trustor can and
<br />will pay the cost of such Improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to Insuring the Property are a part of this Deed of Trust.
<br />Maintenance of Insurance. Trustor shall procure and maintain policies of fire Insurance with standard axtended coverage endorsements on
<br />a fair value basis for the full Insurabte value covering all Improvements on the Real Property In an amount sufficient to avoid application of
<br />any coinsurance daces, and with a standard mortgagee clause in favor of Lender, together with such other hazard and liability Inauranos as
<br />Lender may reasonably require. Pollciss shill be written In form, amounts, coverages and basis reasonably acceptable to Lender and Issued
<br />by a company or companies reasonably acceptable to Lender. Tnrator, upon request of Lender, will deliver to Lender from tine to time the
<br />Policies or certificates of irmrance In form satisfactory to Lender, including stipulations that coverages will not be cancelled or diminished
<br />without at least thirty (30) days prior written notice to Lender. Each Insurance policy also shall Include an endorsement providing that
<br />coverage in favor of Lender will not be Impaired in any way by any act, omission or default of Trustor or any other person. Should the Real
<br />Property be located in an area designated by the Director of the Federal Emergency Management Agency as a special flood hazard area,
<br />Trustor agrees to obtain and maintain Federal Flood Insurance, it available, within 45 days attar notice Is given by Lender that the Property Is
<br />bcahed In a special flood hazard area, for the full unpaid principal balance of the loan and any prior Hens on the property securing the loan,
<br />up to the maximum policy limits set under the National Flood Insurance Program, or as otherwise required by Lender, and to mainhin such
<br />Insurance for the term of the ban.
<br />Applicaton of Proceeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender may make proof of loss lt
<br />Trustor fails to do so within fifteen (15) days of the oasualy. Whether or not Lender's security is Impaired, Lender may, at Lender's election,
<br />receive and retain the proceeds of any insurance and apply the proceeds to its reduction of the Indebtedness, payment of any Men affecting
<br />the Property, or the restoration and repair of the Property. If Lender etects to apply the proceeds to restoration and repair, Tru slor shall
<br />repair or replace the damaged or destroyed Improvements In a manner satisfactory to Lender. Lender shall, upon satisfactory proof of such
<br />expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of repair or restoration if Trustor is not in default under this
<br />Deed of Trust. Any proceeds which have not been disbursed within 180 days after their receipt and which Lender has not committed to the
<br />repair or restoration of the Property shall be used first to pay any amount owing to Lender under Oft Deed of Trust, then to pay accrued
<br />Interest, and the remainder, If any, shall be applied to the principal balance of it* Indebtedness. If Lender holds any proceeds after payment
<br />In full of the Indebtedness, such proceeds shall be paid to Trustor as Trustor's interests may appear.
<br />tbrexp od Insurance at Safe. Any unexpired insurance shall Inure to the benefit of, and pass to, the purchaser of the Property covered by
<br />this Deed of Trust at any trustee's sale or other sale held under the provisions of this Deed of Trust, or at any foreclosure sale of such
<br />Propedy.
<br />Compliance with Mds*q IrrdeMedness. During the period in which any Existing Indebtedness described below Is In effect, compliance
<br />with the insurance provisions contained in the instrument evidencing such Existing Indebtedness shall constitute compliance with the
<br />Insurance provisions under this Deed of Taut, to its extent compliance with the lrms of this Deed of Trust would constitute a duplication of
<br />Insurance requirement. If any proceeds from the insurance become payable on loss, the provisions in this Deed of Trust for division of
<br />prooseds shall apply only to that portion of the prooseds not payable to the holder of the Existing Indebtedness.
<br />LENDER'S EXPENDITURES. If Trustor falls (A) to keep the Property free of all taxes, Nens, security interests, encumbrances, and other claims,
<br />(B) to provide any required insurance on the Property, (C) to make repairs to the Property or to comply with any obligation to maintain Existing
<br />Indebtedness In good standing as required below, then Lender may do so. If any action or proceeding Is commenced that would maienially affect
<br />Lender's Interests In the Property, then Lender on Trustor's behalf may, but Is not required to, take any action that Lender believes to be
<br />appropriate to protect Lender's Interests. AN expenses Incurred or paid by Lender for such purposes will ten bear Interest at the rate charged
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