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DEED OF TRUST 200214510 Loan No: 1632058 (Continued) Page 2 of Trust Compliance with Governmental RagOiremenle F Iorator shall promptly comply with all laws, mdrnary Is, and regulalions. now or hereafter in effect, Of all governmental authorities a0clrrab]e to the a o, m nc cluding pnncy of the Property. n wahout linn,ation. the Americans With Disabilities Act. Trustee may contest g good faith any such law, ordinance, or regulation and so and compliance Lena any proceeding, including appropriate interests appeals, so ling as Trusty has notified Lander m writing prior to doing q antl so long as, in rely bon sole opinion. Lentlact interests in 0e Properly are not jeopardized. teres Lender may require Trader to post adequate a,nulty or a surety bond, reasonably Satisfactory to Lander, to prated Lender's interest. Duty to Protect. Trustee agrees neither to ahantlon or leave unattended the Properly. Truster shall do all other acts. in addition to those acts set forth above in this section, which from the character and use of the Property are reasonably necessary to protect and preserve the Property. TAXES AND LIENS. The following provisions relatmg to the (axes and liens on the Property are part of this Dead of Trust: Payment. Truslor shall pay when due (and in all events prier to delmquency) all taxes, special taxes, assessments, charges (melanin, water and sewer), fines and impositions levied against or on spheral of the Properly, and shall pay when due all claims for work done on or for services rendered or material furnished to the Property. Truslor Shall maintain the Property free of all liens having priority over or equal to the Interest of Lender under this Deed of Trust, except for the lien of taxes and assessments not due and expect as otherwise provided In this Deed of Trust. Right to Contest. Truster may withhold payment of any tax, assessment, or claim in connection with a good faith dispute over the obligation to pay, so long as Lender's interest In (he, Property Is not jeopardized. If a lien arises or is filed as a result of neepsymand, Truslor shall within fifteen (15) days after the lien arises of If a lien is sled. within flflam 1 151 days after Trader has notice of this filing, serum, the discharge of the fiery or if requested by Lender, deposal with Lander cash er a saflmienl corporate surety band or other sncarfly satisfactory to Lender in an amount sufficient to discharge thelien phis any cact, and altroneys fens. in ether charges that Could on,,up as a .,suit of a fincelasare or Sale under the lien_ In any carries(, Truslor shall defend Itsen and Lentler and shall satisfy any adverse Lodgment before enforcement against the Property_ Truster shall name Lander as Sri addamnal Pell,,,- node, any surely bond furnished m the contest crooeed]ngi Evidence of Payment. Truster shall upon demand french In 'r .,der e. nihfrr ahoy ,video,, of ...... ont of iha saxes m a. sessn cols and shall authorize the appropriate governmental omcnl In der Io I ,doi ll hme. n -flen —fl lntemenl A 1h, Irtor,, and assessments odninst 1ne Property. Notice of Construction. Truster shall lebfy Ie d,. at mast linnc, 11, anys info 1 y weir. i• _ .aced, any servces are furnished or any materials are supplied to tha Properly if any M1 r 'c Ilen. . Imen, hn II lien ccold de ass, tad or accent of ore work, services, or materials. Truster will upon tegaes, of Lende,nnnieh L Lender advance ossurences sabsiurtory In Lender Thal Truster pen and will pay the cost of such Improvements. PROPERTY DAMAGE INSURANCE. The follOwmg provisions relating to insuring the Properly are a part of Ihio Deed of Trust. Maintenance of Insurance. Trustor shall procure and maintain Policies of fire Insurance with standard extended coverage endorsements on a fair value basis for the full insurable value covering all Improvements on the Real Property In an amount safplent to avoid application of any coinsurance clause, and with a standard mortgagee clause In favor of Lender. Truslor shall also proaore and maintain comprehensive general liability insurance in such coverage amounts as Lender may request with Trustee and Lender heing named as additional insureds In such liability insurance policies. Additionally, Trader shall maintain such other Insurance including but not limited to hazard, business Interruption, and polar insurance, as Lender may reasonably require. Policies shall be written In loan, orchards, coverages and basis reasonably acceptable to Lender and issued by a company or companies reasonably acceptable to Lender. Truster, upon request of Lender, will deliver to Lender from time to Irmo the policies or cerhhcares of insurance in form Satisfactory In Lender, Including stipulations that coverages will not be cancelled or diminished without at least thirty (30) days prior written notlre to Lender_ Each Insurance policy also shall include an endorsement providing that coverage In favor of Lender will at he Impaired In any way by any act, omission or data,], of Trader or any other person_ Should the Real Property be located In an area designated by the Drreo,o, of the Fennel Emergency Management Agency as a special flood hazard area Truster agrees to obtain and maintain Federal Flood Insurance. it available, wahin 45 days after holes, is given by Lender that the Property Is located in a special flood hazard area, for the full crowd principal balance of the loan and any prior (lens on the property securing the loan, up to the maximum polmy I.mris sal under the National Flood Insurance Program, er no otherwise required by Lentler, and to meinram such msumnce for the term of the loan. Application of Proceeds. Truslor shall promptly refify Lander of any mss Or damage to the Property Londe, may make proof of loss If Thaler falls to do So within fifteen (151 days of the casllaay. Whether a not Lenders security re uncured, Lender may, at Lenders elehlion . receive and retain the proceeds Of any insurance and apply the proceeds to the reduction of the IndableMess, payment of any lien affecting the Properly, or IM1e restoration and repair of the Property If I once, ,Ipo s to apply the proceeds In restoration and repair, Trots, shall repay or replace the damaged or destroyed Improvements In I manner <atlsiactm, to Landes Londe, shi upon sr t,,f,,,t.,y proof el such sependiWre, pay or reimburse Trustor from the proceeds for the e carne ors, of repan ol ovto,etion rl Tr rimer is nor In delault untler this ash Deed of Trust. Any prepared, f thPr which have not been e silo r within Inn days i n t men O ..... and whim Lentler has opt Ampay a to the in0aer t. restoration of the Property shoo be used lust ec uav any %once,! owing d Lander under this r hot el Trust. Ihen In pay a .. red Interest, and the remainder, it any. shell be hot he c d I pTraoIrl ha]anre of the In b, m, ass. if Lender holds any Proceeds alter payment m WII of the Intlebtetlness, spch proceeds shall be paid to Trus,nr a£ Trusinrs mtar,sls may nPnear Treetops Report on Insurance. Apon request of I ender however nn1 more Iha, once S yonr, T usmr shall larder to Lender e report on each misting policy of insurance showing: (Q the name of the Insurer (2) the risks insured: (3) the amehel Of the policy' (4) the property Pierce, Iha than current replacement value of such Poperty, and file manner of determine, that value', and (5) par expiration dale of the policy. Trustee Shall, upon request of Lender have an independent appraiser satisfactory to Lander tlatermine the rash value rep]acamenl coal of the Properly. LENDER'S EXPENDITURES. If any action or proceeding k commenced that would maledaly affect Lenders interest In the Properly or rf Trusror falls to comply with any prevision of this Dead Of Trust or any Related Defolar ls, including but not Iumled to losrars failure to discharge or pay when due any amounts Truster is declared to discharge or pay under this Deed of Trust or any Relaed Documents, Lender on Trustor'a behalf may (hut shall not be obligated 1.) take any acemr that Lender deems appropriate. including bar not limiletl to discharging nr paying all taxes, (lens, security Interests, encumbrances antl other comma, at any time levied IF placed on the Properly and paying oll costs for insuring, maintaining and preserving the Property. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rare charged under the Note from the date incurred or paid by Lender to dhe date of repayment he Truslor. All such expenses mill become a part of the Indebtedness and, at Lender's option, well (A) be payah]e on remand: 1E1 en nrtd,d hi m, balance of the Nate and be pi,porfinra d among and he pL,ah[e with any installment payments to become due during either If) the demo of any applicable Insurance policy: or (2) the remaining term of the Note; Or (C) be treated as a balloon payment which will be due and payable at the Note's maturity The Daed of Trust also will secure payment of these amoanls. Such right shall be in addidur to all other rights and remedies to whri Lender may be entltletl upon Default WARRANTY; DEFENSE OF TITLE. The iellowmg prne,sr, S relatmg to owns ,hip of the Properly ere a unit of this Dead of Trial Title. Truster warrants that (a) Trustor holds good and marketable rate of record to the Properly in fee simple, free and clew, of all (lens and encumbrances other than those set forth m iha Real Property description or In any title, Insurance policy, title record, or final title opinion issued in favor of, and accepted by, Lander In connection with Ihr, Deed of Trust and (h) Trusror has the full right, power, and ari to execute and deliver this Deetl of Trust to Lender. Defense of Title. Subject to Iha excaptinn In me paragraph ,ewe. Trustor w..ants and will mrever defend the title to the Properly against the lawful claims of all persons. In the event arty action or proceeding r rl nmenced that quashon= Traylor S lisle or the Interest of Traseee or Lender under this Deed of Tmsr 11111II)l sf all defend 1. achnn If T expen.t. r ate, may in ha n naI ca ty 11 such pracocdtng but Lender shall be Settled to pari,epase In the p ,admg and In h l e anted h p n tedmg Li co ri e of Lender - own 'home. entl Truslor will deliver, or cause to be dalrvPcm to L mead awn mshmmnn" ns 1 antler i my n newt hoer inn, to time to permit such parttoipalirm Compliance With Laws. TnrS,or ,rh ane, Prat the Plop,iiv wd To s!er's us, of the Poperty armplmr, vnth all onslmg apple,,Ide laws. Ordinances, and regulations of governmental usthurd,, Survival of Representations and Warranties. All represen,annas . waaanties, and agomnonrc made by Trustor m this Deed of Trust shall