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DEED OF TRUST page n
<br />200206189 (Continued)
<br />Compliance with Existing Indebtedness. Dun ng the period In which any Existing Indebtedness described below is in effect. Compliance with the
<br />insurance provisions contained in the Instrument evidencing such Existing Indebleduess shall constitute compliance with the insurance provisoes
<br />under this Dead of Trust, to the extent compliance with the terms of this Dead Of Trust would constitute a duphoshon of insurance requirement. If
<br />a% proceeds from the insurance become payable on loss, the provisions in this Deed of Trust for division of proceeds shall apply only to that
<br />portion of the proceeds not payable to the holder of the Existing Indebtedness.
<br />11. EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this Deed of Trust including any obligation to maintain Existing
<br />Indebtedness in good standing as required below, or if any action or proceeding is commenced that would materially enact Lenders interests in the
<br />Property. Lender on Grantor's behalf may, upon notice to Grantor, but shall not be required td, take any action that Lender deems appropriate. Any
<br />amount that Lender expands in so doing will bear interest at the rate charged under the Credit Agreement from the date incurred or paid by Lender to
<br />the data of repayment by Grantor. Al such expenses, at Lenders option, will (a) he payable on Demand. or (b) be added to the balance of the credit
<br />line. This Deed of Trust also will secure payment of these amounts. The rights provided for In this paragraph Stull be in additon to any other rights on
<br />any remedies to which Lender may be entitled on account of the default. Any such action by Lender shall not be construed as cuing the default so as
<br />to bar Lender from any remedy that it otherwise would have halt.
<br />13, WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Deed of Trust.
<br />Title. Grantor warrant that: (a) Grantor holds good and marketable the of record to the Property (Including a leasehold interest, it any), free and
<br />deer of all Ilene and encumbrances except those of record. and (d) Grantor has the full right, power, and authority to execute and deliver this
<br />Deeo of Trust to Lender.
<br />Delenae of Title. Submet to the exception In the paragraph above, Grantor warrants and will forever defend the title to the Property against the
<br />lawful claims d all Persons. In the event any action or proceeding ts commenced that questions Grantor's title or the interest of Trustee or Lender
<br />under this Deed of Trust, Grantor shall defend the action at Grantor's expense. Grantor may be the nominal party in such proceeding, but Lender
<br />shall be entitled to participate in the Proceeding and to be represented In the proceeding by counsel of its own choice, and Grantor will deliver, or
<br />cause to be revered, to Lender such instruments as Lender may request from time to time to permit such participation.
<br />Compliance With Lewis. Grantor warrants that the Property and Grantor's use 01 the Property complies with all existing applicable laws,
<br />Ordinances, and regulations of governmental authorities.
<br />13. EXISTING INDEBTEDNESS. The following provisions concerning existing indebtedness (the'Exlsting Indebtedness") are a pad of this Dealt of
<br />Trust.
<br />Existing Lien. The lien of this Deed of Trust smunng the indebtedness may be secondary and inferior to an existing lien, H liters is such a lien.
<br />Grantor expressly covenants and agrees to pay, or see to the payment of, the Existing Indebtedness and to prevent any default on such
<br />indebtedness, any default under the instruments evidencing such indebtedness, or any default under any security, documents for Such
<br />indebtedness.
<br />No Madt6cetlon. Grantor shall not enter Into any agreement with the holder of any mortgage, dead of trust, or Other security agreement which
<br />has priority over this Deed of Trust by which that agreement Is modified, amended, emended, or renewed without the prior wntlen consent of
<br />Lendw. Grantor shall neither request nor accept any future advances under any such security agreement without the poor wntlen consent of
<br />Lander.
<br />14. CONDEMNATION. The following provisions relating to proceedings in condemnation are a pan of this Dead of Trust.
<br />Application of Net Proceeds. If all or any pan of the Property is condemned, Lender may at Its election require that all or any portion of the net
<br />proeeds of the award be applied to the Indebtedness under the LOANLINERS Home Equity Plan, subject to the terms starry mortgage or dealt of
<br />Wet with a lien which has prionly Over this Used of Trust. The net proceeds of the award shell mean the award after payment of all reasonable
<br />costs. expenses, and atlorneys' fans necessarily paid or incurred by Grantor, Trustee Or Lender in connection with the condemnation.
<br />Proceedings If any proceeding in condemnation is filed, Grantor stall promptly nobly Lender in writing, and Grantor shall promptly take such
<br />steps as may be nxessrry to defend the action and obtain the award. Grantor may Oe the nominal party in such proceeding, but Lender shall be
<br />entitled to participate in the proceeding and to be represented in the proceeding by counsel of its own choice , end Grantor will deliver or cause to
<br />be delivered! to Lender such instruments as may be requested by it from time to time to permit such participation.
<br />15. IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions relating to governmental Was
<br />fees and charges are a part of this Deed of Trust:
<br />Canenl Taxes, Fees and Charges. Upon request by Lender, Grantor shall execute such documents in addition to this Dead of Trust and lake
<br />whatever other action is requested by Lender to perfect and continue Lender's lien on the Real Property. Grantor shall reimburse Lender for all
<br />taxes, es described below. logether with all expenses incurred In recording, perturbing or continuing this Deed of Trust, i.Iud,N without fi..lanon
<br />all teems, fees, documentary stamps, and other charges for recording or registering this Deed of Trust.
<br />Tmea. The following shall constitute taxes to which this section applies' (a) a specific tax upon this type of Deed of Trust or upon all or any pan
<br />Of the Indebtedness secured by this Deed of Trust; of a specific Our on Grantor which Grantor is aulhonmd or required to deduct from payments
<br />on the Indebtedness secured by this type of Dcetl of Trust; (c) a tax on this type Of Deed of Trust chargeable against the Lender w the holder of
<br />the Credit Agreement; and (d) a specific lax on all or any potion of the Indebledness or on payments of principal and interest made by Grantor.
<br />16. FURTHER ASSURANCES. The following provisions relating to turther assurances are a part of this Deed of Trust.
<br />Further Assurances. Upon request of Lender. Grantor will make, execute and deliver, or will cause to be made, executed m delivered, to Lender
<br />Or to Lenders designee, and when requested by Lender, cause to be filed, recorded, rallied, or rerecorded, as the case may be, at such limes and
<br />in such offices and places as Lender may deem appropriate, any and all such mortgages, deeds of trust, socuny, deeds, security agreements,
<br />fineroing statements, continuation statements, Instruments of further assurance, certificates, antl other documents as may, in the sole opinion of
<br />Lender, be necessary or desirable in order to effectuate, complete, Perfect, continue, or preserve (a) the obligatiOrls of Grantor unow the Credit
<br />Agreement, this DEEP of Trust, end the Related Documents, and (D) the liens and security interests created by this Dcetl of Trust on the Property.
<br />Unless prohibited by law Or agreed to the contrary by Lender in writing. Grantor shall reimburse Lender for all costs and expenses incurred in
<br />connection with the matters retained to in this paragraph.
<br />17. FULL PERFORMANCE. If Grantor pays all the Indebtedness when due, terminates the credit lire account, and otherwise Worms all she
<br />obligations imposed upon Granlw under this Deed of Trust, Lender shall execute and deliver to Trustee a request for full reconveyance.
<br />16. DEFAULT. Each d the following, at the option of Lender, Stull constitute an event of default ('Event of Default") under this Dead of Trust: (a)
<br />Grantor commits fraud or makes a materiel misrepresentation at any Here in connection with the credit line account. This can Include, for example, a
<br />fake statement about Grantors income, "Sole. liabilities, or any other aspects of Grantor's finen0ia1 condition. (b) Grantor does not meal the
<br />repayment terms of the credit line account. (c) Grantors action or inaction adversely affects the collateral for the credit lire amount Or Landers rights in
<br />the collateral. This can Include. for example, failure to maintain required insurance, waste Or destructive use of the dwelling, failure to pay sexes, death
<br />Of all persons liable on the account, transfer of title Or Sale of the dwelling, creation of a lien on the dwellinq without our permission, foreclosure by the
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