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DEED OF TRUST Page n
<br />11111 (Continued)
<br />CDmPlanoa with Existing Indebtedness. During the Pendd in which any Existing Indebtedness described below a in effect, compliance with the
<br />insurance provtiors md,a and In Ina instlumenl sIndi ncing such Seisling Indebtedness shall constitute clo oltme with the insurance provlsi 151
<br />under the Dead dl Trust, to the extent Compliance with the terms of this Deed of Trust would constitute a duphomi of insurance requirement
<br />am prmeeds from the insurance become payable on loss, the provisions in this Dead of Trust to division of proceeds shall apply only Id that
<br />portion M the proceeds not payable ic the neither of the Existing hrarbabness.
<br />lt. EXPENDITURES BY LENDER. II Grantor fails to comply witn any provision of this Dead of Trust, including any obligation to maintain Endurng
<br />Indedtedrwss In good standing as require^ below, or if any action or media rip a commenced that would materially shall Lender's interests in the
<br />'top", Lender on Grantor's befell may, upon notice to Grantor, but shall not be required to, take any action that Lender deems appropriate. Any
<br />amount flat Lender expends in so doing will bear interest et the rate charged under the Credit it Agreement from t he data inputted
<br />the or paid of the err to credit ecided to
<br />me dale Of repayment by Grantor. All such expenses, al Lender's option, wi ( )
<br />IN. Thu Dead of Trust also will secure payment of these amounts. The dpht provsdea fa In this paragraph shall he in addition to any other rights or
<br />any remedies to witch Lender MY be entitled 01 account of the default. Any such editor by Lender shell not be construed as cunng IN default so as
<br />to bar fonder tom any remedy that it otherwise would have bad.
<br />12 WARRANTY; DEFENSE OF TITLE The following provisions relating to ownership ol the Property are a pan of this Deed of Trust.
<br />Title. Grantor vandents deer, Pi oft Ards and encumbrances Grantor
<br />exoaPt helps
<br />hose of record, and b(b)IGrantor but the fur right, P (including
<br />and 11hoomY to interest,
<br />exxWe and ydeliver this
<br />Deed st Trust to Lender.
<br />Defense of Title. Subjedl to the exception in the paragraph above, Grantor warrant and will forever defend the title to the Property against the
<br />awlpl canda M all persons. In the event any action or proceeding is commended that questions Grantor's title or the iptae it at Trustee or Lender
<br />antl, this Dead of Trust, Grantor shat, defend the action at Grantor's expense. Grantor may de the nominal party in such praroeding• but Lender
<br />shell be entitled 10 parilcipate m the proceeding and to be represented m the proceeding by counsel of its own choice. and Grantor will deliver, or
<br />cause to be delivered, to Lender su]h Instruments as Lentler may request from time to time to internal such daftipati.M
<br />Compliance With Laws. Grantor warrants that the Property and Grantor's use of he Property compbes with all ax5ting applicable laws.
<br />ordinances, and regulations of governmental uUmonties.
<br />13. EXISTING INDEBTEDNESS. Tree Ol Owing provisions concerning existing indablearnes (the cxisfing Inoebtedne. s *) are a pen of this Dead of
<br />Test.
<br />Etdstfng Lien. Tne lien o' IDs Decd o! Trust securing In¢ Indeharpra s may be secondary and interior to an existing lien, if there is such a lien.
<br />Grantor expressly covenants and gorses to pay, or see to the payment o:, the Existing Indehledness and to prevent any default on such
<br />indebtedness. any default under the Instruments evleencing such inbeblepness, or any default under any secuny document for such
<br />Indebtedness.
<br />No Anddmgallon. Grantor shall ribt enter into any agreement will, the holder Of any m0rtgege, dead Of husi or other secunty agreement which
<br />No priority ova Inc Dead o' Trus! by which that agreement 1s m0die¢d, amended, exlenoed, or renewed without the Odor widen consent o:
<br />Lender. Grantor seal neither honest nor accept any future advances under any such epuny Splashed! without the prior written consent of
<br />Lentler.
<br />14. CDNOEMNATION. The following p *visions relating to prmeedmgs in condemnation are a pan of this Dead of Trust.
<br />Application of Net Proceeds. II all or any part Of me Property is condemned. Lender may at it ele-_ten reoure that all Or any portion Of me net
<br />proceeds p' ine award Da applied IC trio Ind¢b12tln655 under ME i kNLINERS' home Equity Plan, subject 10 the terms Of any mortgage or dead of
<br />trust with a lien which has pn]rity Over this D¢ad of Tms;. The net Prome'_ds of the award shell mean the award after payment of all reasonable
<br />costs, experts a, and attorneys' fans necessarily paid or incurred by Grantor, Trustee or Lender in connection with the condemnation.
<br />Proceedings. If any proceeding in mnbemnalion IS filed. Grantor steal! promptly notify Lender in wiling, and Grantor shall promptly lake such
<br />steps es may be necessary to oefend the action and main the award. Grantor may be the nominal party in such proceeding. but Lender shall de
<br />amiled to penicieate in IN prmeedlng and to be represented in the proceeding by counsel of i% own choke, and Grantor will deliver or pause to
<br />be delivarod to Lender such indrumli 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 faxes.
<br />fees and charges are a pan of this Dead of Trust:
<br />CURB} Tales, Fees and Charges. Upon request by Lender, Grantor shall execute such documents in addition to this Deed of Trust and fake
<br />whatever bide eb1-1 is reeuestec by Lender to perfect and continue Lenders lien on the Real Property. Grantor shall reimburse Lander for all
<br />taxes, as described below, legs err with all expenses incurred in recording, delineating or continuing this Dead of Trust, including without Ilmllalion
<br />all axes, fees, dmarnenlary stamps, and other charges for recording or registering this Deed of Trust.
<br />Taxes. The following shall cordijUle taxes to which this section applles: (a) a specific tax upon this type of Dead of Trust or upon all or any pan
<br />of the Indebte20e55 secured by i's Dead of Trust, to) a specific tax on Grantor which Grantor is authonred or required to deduct from PaYments
<br />on the Indebtedness secured by this type of Deed of Trust! (d) a tax on this type of Dead of Trust martin le against the Lender W the holder Of
<br />the Credit Agreement; and (d) a specific lax on ell a any Portion of the Indebtedness or on payment of pnncipal and interest made by Grantor.
<br />its. FURTHER ASSURANCES. The following provisions relating to further assurances are a pad of this Dead of Trust.
<br />Further ASSUbbeea. Upon request of Lender, Grantor will make, execute antl tleliver, or will cause to be mad., executed or delivered, to Lender
<br />a to L9ndaf5 designee, and wren dqueeled by Lender, cause 10 be filed, recorded, refired, or rerecorded, as the case may be, at Such times and
<br />in such office and places as Lender may death appropriate, any and all such mortgages, deeds of trust, security beads, security agreement,
<br />finantlng statements, continuation statement, Instrument of further assurance, candidates, and other document as may, in the sole opinion of
<br />Lender, he necessary Or desirable In order to effectuate, complete, Perfect, continue, or preserve (a) the obligations of Grants under the Credit
<br />Agreement, this Dead of Trust, and the Related Documents, and (b) the Ilene and sacuny interests created by this Deed of Trust on the Property.
<br />Unless Grohibtled by law Or agreed to the contrary by Lender in writing, Grantor shall reimburse Lender for all costs and axpabas incurred in
<br />connection w'Itn the maters defend to In this paragraph.
<br />17. FULL PERFORMANCE if Grantor pays ell the Indebletlness when due, lerminales the credit line amount, and otherwise Petlorms all IN
<br />obligations imposed upon Grantor under the Dead of Trust, Lender shall execute and deliver to Trustee a request for full reconveyance.
<br />is. DEFAULT. Each of the following, A the option of Lender, shall constitute an event of defauit (Event of DefaulP) under this Deed of Trust: (a)
<br />Grantor commit had Or makes a material morepresantah., at any time in prideption with the credit line amount. This can include, for example, a
<br />m s,
<br />all atateant about Genla's income, asse habillINS, or any other aspects of Grentor's financial condition. (b) Grantor 0. not meet the
<br />repayma d Isis of that credit lire amount. (c) Granto's action or inaction adversely affects the collateral is IN credit line amount a Lender's right in
<br />the collateral. The San induce, for SuEmple, failure to maintain required insurance, waste or destructive use of the dwelling, failure to pay rues, death
<br />of all parsons liable on the account, transfer of title 0r sale of the dwelling, creation of a lien on the dwelling without our permission, foreclosure by the
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