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200207329
<br />DEED OF TRUST
<br />Loan No: 774534 (Continued) Page 4
<br />discharging or paying all taxes, liens, security Interests, FFICUFFIflibruesss and other claims, at any time levied or placed on the Property and
<br />puyiny all ousts far marring, maintaieng and preserving the Property. All such expenditures Incorrect or paid by Lender far such purposes
<br />will then beer Interest at the rate charged undo' the Note from the date Incurred or Paid by Lender to the dale of rugaYment ty Trustor All
<br />such expenses will became apart of the Indebtedness and, at Lender's option, will (A) be payable on demand; (B) be reason to the
<br />balance of the Note and be apportioned among and be ro,sbl. with any installment payments m became due during either fit the term of
<br />ad, applicable e policy: n (2) the r inn term of the Note; o ICI be treated a a III paynhfmt which will he due and
<br />t. , u
<br />Payable at the NPIC's era Wrlry_ The peed of Tnat also wills a payment of these amounts, Such right shall be in - aJaGGen to all ether
<br />rights and remedies to which Lender may be entillod upon Default
<br />WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of tire Property ere a part of this Dead of Truss.
<br />Title, Truster warrants tear (a) Trustor holds good and marketable title of record to the Property in tee simple, free and clear of all
<br />liens and encumbrances other than those sal forth in the Feel Propety description or In any title insurance policy, title report, or final
<br />title opinion issued in favor of, and accepted by. Lender it ration with this Daed of Trust, and (b) Trustor has the full right,
<br />Power, and authority to a stet, and deliver this Deed of Trust to Lender.
<br />Defense of Title. Subjeol to it,. exception in the paragraph above, Trustor warrants and will forever defend the title to the Property
<br />against the lawful claims of all persons. In the event any setiuI or Proceedce ks cad that questions Truster's title or the
<br />te
<br />Inre Trustee us of Truste or Lender under this Dead of Trust, Trustor shall defend tare action at Truster's expense Trustor may be the
<br />nominal party in such pro —co ng, but Lender shall be entitled to participate in the proceeding and to be represented in the quotation
<br />by e set of Lend.... IF it bnlce, and Trustor well deliver, or cause to be delivered to Lender such sn slrumrnts as Lender rimy
<br />request from time to time to Penult such participation.
<br />Compliance With Laws. Trustor warrants that the Property and Truster's us, of the Property compiles with all existing applicable
<br />lows, ordinances, and regulations of governmental authorities.
<br />Survival of Representations and Warranties. All representations, warranties, and agreements made by Truster in this Deed of Trust
<br />shall survive the execution and delivery of this Deed of Trust, shall be continuing in nature, and shall remain in full force and effect
<br />until such time as Borrower's Indebtedness shall be paid in toll.
<br />CONDEMNATION_ The fullewlnn provisions relating to condemnation proceedings are a part of this Dead of Trust.
<br />Proceedings. If any proceeding in a best hiun is filed, Trustor shall promptly notify Lender in writing, and Trustor shall promptly
<br />take such steps as may be necessary to defend the action and obtain the a rt Trustor may be the nominal party In such
<br />proceeding, but I. cad., .shall be entitled to participate in the proceeding and to be represented in the prooeediar, by rounsol of its own
<br />choice, and Trustor will Jcliver it ae to he delivered to Lender such instruments and documentation as may be requested by
<br />Lender from time to time to permit sudrparfinpateon.
<br />Application of Net Proceeds. If all or any part of the Property le pordencind by mairso t domain proceedings or by any proceeding or
<br />purchase n III of n nflormation, Lender may at its election require that all or any Portion of trio riot pruuuede of the award he applied
<br />to the Indebtedness or file r Weir or estoration of the Property_ The net proceeds of the award shall mean the award after ii of
<br />.11 reasonable costs, expenses, antl attorneys' fees incurred by T,r,m- or Lender in connection with the condemnation.
<br />IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The fullowing provisions mlatint to governmental
<br />taxes, fees and charge. arc a part of this Deed of Trust
<br />Current Taxes. Fees and Charges. Upon request by Len Jeq Truster shall Appi such documents In addition to this Deed of Trust
<br />and take whatever other action Is requested by Lender to perfect and Continue Lender's lien an the Real Property Truster shall
<br />roindburce Len Jar for all taxes, as described below, together with all expenses ed in recording, refunding o hntinning this Dead
<br />of Trust. Inoludnny witnuut limltatinn all taxes, fees, documentary stamps, other charges for recording o registering [Iris Dead of
<br />Trust.
<br />Taxes_ The following shall constitute taxes to which this section applies_ (1) a specific tax upon this type of Deed of Trust or upon
<br />all or any part of the Indebtedness secured by this Deed of Trust; (2) a specific tax on Bor scrod Borrower author vet n
<br />required to deduct free payments on the Indebtedness s red by this type of Deed of Trust; 13) a tax on the type of Deed of Test
<br />chargeable against the Lender or trio huldor of the Net., ad (4) specific tax on all or any portion of the Indebtedness or on
<br />payments of principal and Interest made by Borrower.
<br />Subsequent Taxes. If any tax to which this section applies Is onaoled subsequent to the date of this Deed of Trust, this event shall
<br />have the cause effort ra an Event of Default, and Lender may exercise any or all of its available remedies for an Event of Default re
<br />provided below Unl CSe Trotter cAhar (1) pays the tax before It becomes delinquent, or (2) contests the tax as provided above In the
<br />Taxes and Liens section and deposits with Lender cash or a sufficient corporate surety hand or rithar security satisfactory to Lander.
<br />SECURITY AGREEMENT, FINANCING STATEMENTS. The following provisions relating to this peed of Trust as a security agmement are a
<br />part of this Deed of Trust
<br />t tingN a.,..T ._. ..K.._.
<br />t r crone.., nlmkart
<br />Pt Po tV r
<br />doctor", t to T u t ' a Lend abh la from wh on mf ormoeo
<br />reasonably o d nea red by apple and L d (,carted paM1yl
<br />nom Lander to the extent Pddre se of Ttestor (debtor)
<br />Addresses. Tot nnaieog
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