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D�ED OF TRUST
<br />Icontinuedl � O 1 Q 0� 4 4 2 ���� 3
<br />Trustor is not in default under this Dead of Trust. Any proceeds which have not been disbursed within 180 days after thair recaipt
<br />and which Lender has not committed to the repair or restoratian of the Proparty shall be used first to pay any amount owing to Lender
<br />under this peed of Trust, then to pay accrued interest, and the remainder, if any, shall be applied to the principal balance of the
<br />Indebtedness. If Lender holds any proceeds aftar payment in full of the Indebtedness, such proceeds shall be paid to Trustar as
<br />Trustor's interests may appear.
<br />Trustor's Report on Insurance. Upon request of Lender, hawever not more than once a ysar, Truator shall furnish to lender a report
<br />on each existing policy of insurance showing: �1) the name pf the insurer, (2) the risks insured; (3) the ampunt af the policy; (4)
<br />the property insured, the then current replacement value of such property, and the manner of determining that value; and (5) the
<br />expiration date of the pplicy. Trustor shall, upon request of Lender, have an independent appraiser satisfactory to Lender determine
<br />ihe cash value replacement cost of the Property.
<br />LENDER'S EXPENDITURES. If any action or proceeding is commenced that would materially affect Lender's interest in the Property or if
<br />7rustor fails to comply with any provision of this Deed of Trust or any Releted Documents, including but not limited to Trustor's failure to
<br />discharge pr pay when due any amounts Trustor is required to discharge or pay under this Deed of Trust or any Related Documents, Lender
<br />on Trustor's behalf may (but ahall not be obligated to) take any action that Lender deems appropriate, including but not limited to
<br />discharging or paying all taxes, liens, security interesta, encumbrances and other claims, at any time levied or placed on the Property and
<br />paying all costs for insuring, maintaining and preserving the Property. All such expanditures incurred or paid 6y Lendar fpr such purposes
<br />will then bear interest at the rate charged under the Note fram tha date incurred or paid by l.ender to the date of repayment by Trustor. All
<br />such expenses will become a part of the Indebtedness and, at Lender's option, will (�) be payable on demand; (B) be added to the
<br />balance of the Note and be apportioned among and be payable with sny instellment payments to become due during eithar (1) tha term of
<br />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
<br />payable at the Note's maturity. Ths besd af Trust also will secure payment of these amounts. Such right shall be in addition to all other
<br />rights and remedies to which Lender may 6e entitled upon Default.
<br />WARRANTY; bEFENSE pF TITI.E. 7ha following prouisions relating to ownership of the Property are a part of this Deed of Trust:
<br />Title. Trustor warrants thst: (a) Trustor holds good and marketable title of record to the Property in fee simple, free and clear of all
<br />liens and encumbrances other than those set fprth in the Raal Property description or in any title insurance policy, title report, or final
<br />title opinion issued in favor of, and accep[ed by, Lender in connactipn with This Desd qf Trust, and (b) Trustar has the full right,
<br />pawer, and authority to execute and deliver this Deed of Trust to Lender.
<br />Defense of Title. Subject to the exception in the paragraph above, Trustor warrants and will fqrever defend tha title ta the Prpperty
<br />against the lawful claims of all persons. In the event any action or proceeding is commenced that questions Trustor's title ar the
<br />interest of Trustee or Lender under this Deed af Trust, Trustor shall defend the action at 7rustor's expense. Trustor may be the
<br />nominal party in such proceeding, but Lender shall be entitled to participate in the proceeding and to be represented in the proceeding
<br />by counsel of Lender's own choice, and Trustor will deliver, or cause to be delivered, to Lender such instruments as Lender may
<br />request from time to time to permit such participation.
<br />Compliance With Laws. Trustar warrants that the Property and Trustor's use of the Property complies with all existing applicable
<br />laws, ordinances, and regulations pf gavemmental authorities.
<br />Survival of Representatiqns and Warrantias. All representations, warranties, and agreements made by Trustor in this Deed of Trust
<br />shall survive the execution and delivery of this paed of Trust, shall be continuing in nature, and shall remain in full force and effect
<br />until such time as Barrower's Indeb�edness shall be paid in full.
<br />CONDEMNATION. 7he following provisions relating to condemnation procaedings ara a part af this Dead of Trust:
<br />Proceedings. If any proceeding in condemnation is tiled, Trustor shall promptly notify Lender in writing, and 7rustor shall promptly
<br />take such steps as may be necessary to defend the action and abtain the award. Trustor mey bs the nominal party in such
<br />prpceeding, 6ut Lender shall be entitied to participate in the proceeding �nd to be represented in the proceeding by counsel pf its awn
<br />choice, and Trustor will daliver or cause to be delivered to Lender such instruments and documentation as may be requested 6y
<br />Lender from time to time to permit such participation.
<br />Application of Net Proceeds. If all or any part of the Property is qondemned by aminent domain proceedings or by any proceeding or
<br />purchase in lieu of cpndsmnatipn, Lender may at its election require that all or any portion of the net proceeds of the award be applied
<br />to the Indebtedness or the repair or restoration of the Property. The net proceeds of the award shall mean the award after payment of
<br />all reasonable costs, expenses, and attorneys' fees incurred by Trustee or Lender in connaction with the condemnation.
<br />IMPbSIT10N OF TAXES, FEES AND CHARGES 8Y GOVERNMENTAL AUTHORITIES. The following provisions relating to governmental
<br />taxas, fees and charges are a part of this Deed of Trust:
<br />Current Taxes, Fees and Charges. Upon request by Lender, Trustar shall execute 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 on the Real Property. Trustar shall
<br />reimburse Lender for all taxes, as described below, together with all expenses incurred in recarding, perfecting or continuing this Deed
<br />of Trust, including without limitation all taxes, fees, dacumantary stamps, and other charges for recording or registering this Deed of
<br />Trust.
<br />Taxes. The following shall constitu[e taxes to which this sectian applias: (1) a specific tax upon this typa of Deed of 7rust or upon
<br />all ar any part of the Indebtedness secured by this Deed of Trusr, (2) a specific tax qn Borrpwer which Borrower is authorized or
<br />required to deduct from payments on the Indabtadness secured by this type of Deed of Trust; (3) a tax an this type of Deed of Trust
<br />chargeable against the Lender or the holder of the Note; and (4) a specific tax on all or any portion of the Indebtedness or on
<br />paymants of principal and interest made by Borrower.
<br />5uhsequent Taxes. If any tax to which this section applies is enacted subsequent ta the date of this Daed pf Trust, this event shall
<br />have the same effect as an Event of Default, and l.ender may exercise any or all of its available remedies for an Event of Default as
<br />provided below unless Trustor either (1) pays the tax befpre 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 carporate surety 6ond or qther sacurity satisfactory to Lender.
<br />SECURITY AGREEMENI'; FINANCING STATEMENTS. The following provisions relating to this Deed of Trust as a security agreement are a
<br />part of this Desd pf Trust:
<br />Security Agrsement. This instrument shall constitute a Security Agreement to the extent any of the Prpperty constitutes fixtures, and
<br />Lender shall have all of the rights pf a secured party under the Uniform Commercial Code as amended from time to time.
<br />Securky Interest. Upan request by Lender, Trustor shall take whatever action is requested 6y Lender to pertect and cantinue Lendar's
<br />security interest in the Rents and Personal Praperty. In addition tp recardina aeed of Trusr in #he reai property recards, Lerrder
<br />may, at any time and without further authorization from Trustor, file executed counterparta, copies pr reproductions of this Deed of
<br />Trust as a financing statament. Trustor shall reimburse Lender for all expenses incurred in perfecting or continuing this security
<br />interest. Upon default, Trustor shall not remove, sever or detach the Parsonal Property from the Property. Upon default, Trustor shall
<br />assemble any Personal Property not affixed to the Property in a manner and at a place reasonably canvenient to Trustor and Lender
<br />and make it available to Lender within thres (3) days after receipt of written demand from Lender to the extent permitted by applicable
<br />law.
<br />Addresses. The mailing addresses of Trustor (debtor) and Lender (secured party) from which information concerning the security
<br />interest granted by this Deed of 7rust may be obtained (each as requirad by the Uniform Commercial Code► are as stated on the first
<br />page of this Deed of Trust.
<br />FURTHER ASSURANCES; ATTORNEY-IN-FAC7. 7he following provisions relating ta further assurances and attorney-in-fact are a part of
<br />this beed of Trust:
<br />Further Assurances. At any time, end from time to time, upon request ot Lender, Trustor will make, execute and deliver, or will cause
<br />to be made, executed or delivered, to Lender or to Lender's designee, and when requasted by Lsndar, cause to be filed, recorded,
<br />refiled, or rerecorded, as the case may be, at such times and in such offices and places as Lender may deem appropriate, any and all
<br />such mortgages, deeds of trust, security deeds, security agreements, financing statemerl2s, �antihtaatior� stptelments, instruments of
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