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200214521 DEED OF TRUST Loan No: 776147 (Continued) Page 3 Removal of Improvements. Truster shall not demolish or remove any Improvements from the Real Property without Lender's prior written consent. Asa condition to the removal of any Improvements, Lander may require Truster to make arrangements satisfactory to Lender to replace such Improvements with Improvements of at least equal value. Landers Right to Enter. Lender and Lender s agents and representatives may enter upon the Real Property at all reasonable times to attend to Lender's Interests and to inspect the Real Property for purposes of Trustor's compliance with the terms and conditions of this Deed of Trust Compliance with Governmental Requirements. Trustor shall promptly comply with all laws, ordinances, and regulations, now or hereafter In effect, of all governmental authorities applicable to the use or occupancy of the Property, including without limitation, the Americans With Disabilities Act. Truster may contact in good faith any such law, ordinance, or regulation and withhold compliance during any proceeding, including appropriate appeals, so long as Truster has notified Lender in writing prior to doing so and so long as, in Lender's sole opinion, Lender's interests in the Property are not jeopardized. Lender may require Tracer to pest adequate security or a surety hand, reasonably satisfactory to Lender, to protect Lender's interest. Duty to Protect. Truster agrees neither to abandon or leave unattended the Property. Truster shall do all other acts, in addition to those acts set forth above In this section, which from the Onductar and use of the Property are reasonably necessary to protect and preserve the Property. TAXES AND LIENS. The fallowing provisions relating to the taxes and liens on the Property are part of this Deed of Trust: Payment, Trustor shall pay when due lend In all events prior to delinqucncyl all taxes, special taxes, assessments, charges (including water and sewer), fines and impositions levied against or on account of the Property, and shall pay when due all cluims for work done on or for servicas rendered or material furnished to the Property. Truster shall maintain the Property free of all liens having priority over or equal to the interest of I ender under this Dead of Trust, exrept for the lien of taxes and assessments not due and except as otherwise provided in this Decd of Trust. Right to Contest. Truster may withhold payment of any tax, assessment or claim in connection with a good faith dispute over the nhligatire m pay, as long as Lender's interest In the Property is not jeopardized. If a lien arises or is filed as a result of nonpayment, Trustor shall within fifteen (1 5) days after the lien arises or, if a lien is filed, within fifteen 115) days after Truster has notice of the filing, secure the discharge of the lien, or it requcated by Lender, deposit with Lender cash or sufficient corporate surety bond or other security satisfactory to Lender in an amount sufficient to discharge the Ilan plus any costs and attorneys lees, or other charges that could accrue as a result of a foreclosure or sale under the lien. In any contest, Trustor shall defend itself and Lender and shall satisfy any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additional obligee under any surely bond furnished in the contest procectlings. Evidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes or assessments and shall authorize the appropriate governmental official to deliver to Lender at any time a written statement of the taxes and assessments against the Property. Notice of Construction. Truster shall notify Lender at least fifteen (15) days before any work is commenced, any services furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or other lien could be asserted on unt of the work, services, or materials- Trustor will open request of Lander furnish to Lender advance assurances satisfactory in Lender that Trustor can and will pay the cost of such improvements - PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this 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 Roal Property in an amount sufficient to avoid application of any coinsurance clause, and with a standard mortgagee clause in favor of Lender. Trustor shall also procure and maintain romprebensive general liability Insurance in such coverage amounts as Lender may request with Trustee and Lender being named as additional insureds in such liability in a prlicles. Additionally, Trustor shall maintain such other in including but not limited to hazard, business interruption, and boiler insurance, as Lender may reasonably require. Policies shall be written in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or mpanies reasonably acceptable to Lander. Trustor, upon request of Lender, will deliver to Lender from time to time the policies or certificates of insurance in form satisfartoy to Lender, Including stipulations that coverages will not be cancelled or diminished without at least ten (10) days prior written notice to Lender. Each Insurance policy also shall Include an endorsement providing that coverage in favor of Lander will not be impaired In any way by any act, omission or default of Trustor or any other person. Should the Real Property be located In an area designated by the Director of the Federal Emergency Management Agency as a special Flood hazard area, Truster agrees to obtain and maintain Federal Flood Insurance, if available, within 45 days after notice is given by Lender that the Property is located in a special flood hazard area, for the full unpaid principal balance of the lean and any prior liens on the property securing the Ivan, up to the maximum policy limits set under the National Flood Insurance Program, or as otherwise required by Lender, and to maintain such insurance for the term of the loan. Application of Proceeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender may make proof of loss It Trustor fails to do so within fifteen 118) days of the casually. Whether or net Lander's security is impaired, Lender may, at Lenders election, receive and retain the proceeds of any insurance and apply the proceeds to the reduction of the Indebtedness, payment of any lien affecting the Property, or the metrication and repair of the Property. If Lender elects to apply the proceeds to restoration and repair. Trustor shall copal, or replace the damaged or destroyed Improvements In a manner satisfactory to I ender_ I ender shall, upon satisfactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of repair or restoration II Truster is not in default under this Dead of Trust. Any proceeds which have not been disbursed within 180 days after their receipt and which Lender has not committed to the repair or restorseinn of the Property shall be used first to pay any amount owing to Lender under this Deed of Trust, then to pay accrued Inlorast and the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds any proceeds after payment in full of the Indebtedness, such proceeds shall be paid to Trustor as Trusters interests may appear. Compliance with Existing Indebtedness. During the period in which any Existing Indemadness re""Abad balrw Ls 'm affect, comp oriar.