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<br />(Continued)
<br />C.Ompltance with Existing Indebtedness, During the period in which a•,ty Existing Indebtedness Described b01pw e w effect, compliance with the
<br />insurance pro'.`T�Ons contalned in :he instrument evidencing surt, Existmg Indebtedness shalt constitute comp
<br />irance with the irsvrence proviS+or.5
<br />under this Deed of Trust, to the extenl compliance with the terms ^t this D©ed of Trust would constrtute a duplication of insurance re uir �rrienL If
<br />any prpo'f :S from the insurance become payat'le on loss ' :,a provisions in th.'s Deed of Trust for dtvC'.ion of proceeds shalt Only to that
<br />Pormpn of fife proceeds not payable to the holder of tin^ wxlsttng Inoebtedne55.
<br />11, EXFENDiTURES BY LENDER. if Grantor f:,;s to comply with any pro•nsion of this Deed of Trust, including any obligation to maintain Existing
<br />Indebtsdrte r. in good standing as rr ;cur?! :)e:ow, Cr if any action or proceeding is commenee take any action att�nttLender tdeerrr appropriate. inAhe
<br />Propene, L ^nciaf on Granto s beya:f r^,av, upon no!iCe to Giantar, but shall not be required to,.
<br />amount tt1a1 Lende exoends in so dcln ^y wit! bear interes! at the rate charged unner the Credit Agreement trom the date incurred or paid by Lendor to
<br />the date of repayment by Grantor. All such expenses, at Lender's ciption, will (a) be payable on demand, or (b) be added to the balance of the credit
<br />fine. This Dead of Trus! also will seCUre payment of these amounts. The nghCs provided for in this paragraph Shan bb in addition 10 any Other nghts or
<br />any remedies to which Lender may be entitled on account of the defaulL Airy such action by Lender shad not tw construed as nun 1q the detain sit as
<br />to bar Lender ton any remedy t ia! it otherwise would have had.
<br />1Z WARRAXTY; DEFENSE OF TITLE. The following provisions relating to pwnershlp o1 the Property are a part pt this need of Trust.
<br />Ti e. Grantor warrants that: (a) Grantor holds good and marketable title of record to tine Property (hVu0tng a leasehold interest, of any), f-ee And
<br />dear cif ail l .'>=, and encumbrances except those of record, and (b) Grantor has the IUD nghL power, and authority to execute And deliver this
<br />Deed of Trust to Lander.
<br />petenae of Title. Sub,Iect t5 the exception in the parargraph above, Grantor warrants and will forever defend the title to the Property against the
<br />lawful ctalms c' at: ce'sons. In the event any action or proceeding is cornmerced that questions Grantor's title or the interest o' Trustee or Lender
<br />Under 1ht5 Deed of Trust, Grantor shalt defend the action at Grantor's expense. Grantor, may be the nominal party in such proceeding. but Lender
<br />shalt be en:ttlzd to participate in the proceeding and to be represented in the proceeding by counsel of its own choice, and Grantor wall deliver, or
<br />ca {r,a to be delivered, to Lancer suwh instrum8'1!s as Lender may reQue tram time to time ip permit Such participation.
<br />C ompltance With Laws. Grantor warrants that the Property and Grantors use of the Property compiles with all existing appticabie laws.
<br />pr&rharici—m, and regulations of governmental authorities.
<br />13. EXISTING INDEBTEDNESS. The fohowing provisions concerning existing indObledners (the cxisling lndabtedriess ") are A part of this Deed of
<br />Trust.
<br />lwxisring Lien. Tne hen of flits Deed of Trust securing the indebtedness may be secondary and in tenor to an existing lien, if There is such a hen.
<br />Grantor exprv,!.Iy covenants arid agrees to pay, or see to fine payment of, the Extshng lndeb ".edhess and to prevent any Wtault on such
<br />ndobladress, any detaUft uncle. 1hP. Instruments evtdencing such indebtednCSS, or any default under any w-unty documents for such
<br />rn detltetl rre`,S.
<br />No Moultioation. Grantor snag! not enter into any agreement with Tne holler of any rrongaga, deed of trust, of other security agrge+len! which
<br />has priority over this Deed of %:St by which that agreement is modified, amended, ex ^p ^road, O' rehawgo wttnout the pnrr written consent of
<br />Lender. Grantor shall neilner request nor accept any future advances unner. any such security agreement wilhbUt the prior written colnsent of
<br />Lender.
<br />"... CC'NDFrt!NATION. The following provisions relating to proceedings in condemnation are apart of this Deed of Trust.
<br />Application of Net Pro:eed5. lt, all or any part of ire Property is donoemned. Lender may at its ee -lion require ilia, all o` any pDMOM of the net
<br />picc- e(:s of the award be applied to the Indebtedness under Tne LOANLIN R& Horne rqury Plan, 5ubiect tb the terms of any mortgage or deed of
<br />L-trSl with a Iron which has priori y over this Deed pf Trust The net proceeds of the award Shall mean the award after payrnOnt of all reasonable
<br />mot,, eyperses, and a'torneys' tees necessanly paid or incurred by Grantor, Trustee .r Lender in connection with the condemnation.
<br />Proeeedin;s. It any pro.aad ng in condemnation is filed, Grantor shall promptly notify Lender in writing, and CyrenlCr Shall promptly take such
<br />sleds e», may be necessary to defend the action and obtain the award. Grantor may be the nominal party in such proceeding, but Lender steal' be
<br />entitled to parliclaate to the procEeding and to be represented in the proceeding by cour•Sel of its own choice, and Grantor will detivhr Of cause to
<br />be detivered to Lender suoh instruments as may be requested by it from time to time to permit such participation.
<br />15. iMPIDSITIDN OF TAXES, FEES AND CHARGES BY GOVERNMENTAL ALITHORMES. The 1pllowlng provisions relating to governmental taxes.
<br />fees ano charges are a part of this Deed of Trust: d of
<br />Current Taxes, Fees and Charges. Upon request by Lender, Grantor shall execute such documents in addlehonn to hisroD06 Lenidard� all
<br />whatever other action Is requested by Lender to perfect and continue Lender's lien on the Real Property.
<br />taxtas, as dc,.tnbed below, ibgi lrsr with all expenses incurred in recording, perfecting or continuing this Deed of Trust, including without limitation
<br />au taxea:. lefrs, documentary somas, and other charges for recording or r©gistenng this Deed of Trust.
<br />T axe... T he tolfowtnp sha'! consl,tulci faxes to which Inns seCtion applies: (a) a Specific tax upon this hype of Deed of Trust or upon all or any pan
<br />of the Indobteo. eM- secured oy this pried of Trust; (b) a specific tax or, Grantor which Grantor is authorized or required to Deduct from payments
<br />on 'no Indebtedness secured by this type of Dead of Trust; (c) a tax on this Type of Deed of Trust chargeable against the Lender or the hoi0of Of
<br />t*ie Credit Agreemenl; and (d) a specitt:; tax on all or any portion of the indebtedness or on payments of principal and interest made by Grantor.
<br />16. FURTHER ASSURANCES, The following provision; relating to further assurances are a part of this Deed of Trust.
<br />Further Amrances. Upon requ(e,t of Lender. Grantor will make, execute and deliver, or will cause to be made, executed or delivered, to Lender
<br />to Lenders oer>ignee, and when requested by Lender, cause i0 be filed, recorded, rattled, or rerecorded, 85 the Case may be, at SliCh times and
<br />in such o Frfrt and places as Lander may deem appropnale, any and all such mortgages, 0&005 of truWf, wunfy deeds, sxcunry agr0emt+n s,
<br />fir.aricing statements, cont:nualion statements, instruments of further assurance, certificates, and other documents as may, in the sole opinion of
<br />Lender, oe nt<:e,sary o• ce",Irabie in order to effectuate, complete, perfect, continue, or preserve (a) the obligations of Grantor under Tne Credit.
<br />Agreement, tor Deed of Trust, and the Related Documents, and (b) the liens and SKUrIty interests created by This Dead of Trust on the Property.
<br />UniCr<.S proh,bned by law roc agr(+ed to the contrary by Lender in writing, Grantor Shan reimburse Lender for all Cos*. and e."riis s incurred In
<br />conriecbon w ".n the rrianers referred to in !his paragraph.
<br />17, FLA.L PERFORMANCE, I! Grantor pays all ins, Indebtedness when due, terminates lhr. Vc-jd line account, and otherwise performs all ttv
<br />onligaborts ImpoC,tyd upon Grantor under tor, Deed of Trust, Lender shall execute and dlill to Trustee a request for full reconveyanCe.
<br />15. DUALLT. EaCrl of the 1011'Wng, at the option of Leridor, shall constil le an event of default ("Event of Dafautn under this Drftbd of Trus!' (a).
<br />Grantor commits f; «ud Of makes a rnateial mi,reprwantntton at any tic+". In connection with the credit line llocount. This Can Include, for examPkl..A
<br />mf•,a stritnment about Granter's income, assels, liabihhas, or any Pinar aspects of Grantor's financial condition. (b) Grantor does not meet the
<br />repayment lo-ruts of the orrydli Erie account. (c) Grantor's action of Inaction adve,"ly aftects I" Collateral for the credit line account or Lender's rlgrltS in
<br />tact coftatf.ral Thin, Can include, for tx- Irrlple, failure to maintain fequtrod insu,,artce, waste Of deslructrvo use of the dwelling, 11001`0 to pay taxrr., death
<br />of fill (ifs "on - a If" Cn thtl it :.0 "., rr ^r rI 4Jf• rY °.:(r nt ilia rywrihn;t ^n.ph, n pt it h(rn on itir dwolh „7 ,,,!1, ( +Itt rus p(•f nnq .rt n 1p, fir lCSUrt. ^ Inc.
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