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Loan No: 340$320144
<br />Trustor's interests may appear.
<br />o��o oF TRUST � � 1 � 0'7 6 2 G
<br />(Continuedl
<br />Page 4
<br />Trustor's Report on Insuranca. Upan requeat at Lender, however not more than once a year, Trustor shail furnish to Lender a report
<br />pn each existing policy of insurence showing: (1) tha name of the insurer; (2) the risks insured; (3) th� amount of the policy; (4)
<br />the propsrty insured, the then current replacement value of such property, and the manner of determining that value; and (5) the
<br />expiration date of the policy. Trustor shall, upon request of Lender, have an independent appraiser satisfactory to Lender determine
<br />the cash value replacement cost of the Property.
<br />LENDER'S EXPENDITURES. If any action or prnceeding is commenced that would materially affect Lender's interest in the Property or if
<br />Trustor fails to comply with any provision of this Deed of Trust or any Related Documents, including but not limited to Trustor's failure to
<br />discharge or pay when due any amounts Trustor is required to discharge or pay under this beed of Trust or any Related Documents, Lander
<br />on Trustor's behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including bu# not limited to
<br />discharging or paying all taxas, liens, security interests, 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 expenditures incurred or paid by Lender for such purposes
<br />will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Trustor. All
<br />such expenses will become a part of the Indebtedness and, at Lender's option, will (A) be paya6le on demand; (6) be added to the
<br />balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of
<br />any applicable insurance policy; or (2) the remaining term of the Note; or IC) be treated as a balloon payment which will be due and
<br />payable at the Note's maturity. The Deed of Trust also will secure payment of these amounts. Such right shall be in addition to all other
<br />rights and ramedies ta which Lender may be entitlad upon Default.
<br />WARRANTY; DEFENS� OF TITLE. 7he following provisions relating to ownership of the Property are a part of this Deed of Trust:
<br />Title. Trustar warrants that: (a) 7rustor holds good and marketable title of record to the Property in fee simple, free and clear of all
<br />liens and encum6rances other than those set fprth in the Rsal Property description or in any title insurance policy, title report, or final
<br />title opinion issued in favor of, and accepted by, Lender in connection with this �eed of Trust, and (b) Trustor has the full right,
<br />power, and authority to execute and deliver this Deed of Trust to Lender.
<br />Defense of Title. 5ubjact to the exception in the peragraph above, Trustor warrants and will forever defend the title to the Property
<br />against the lawful claims of all persons. In the event any action or proceeding is commenced that questions Trustar's title or the
<br />interest of Trustee or Lender under this Deed of Trust, Trustor shall defend the action at Trustor's expanse. 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 />requast from time to time to permit such participation.
<br />Compliance With l.aws. Trustor warrants that the Property and Trustor's use of the Prpperty complies with all existing applicable
<br />laws, ordinances, and regulations of governmental authorities.
<br />Survival ot iiepresentations and Warranties. All representations, warranties, and agreements made by Trustor 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 full.
<br />CONDEMNA'TION. The following provisions relating to condemnation proceedings are a part of this Deed of Trust:
<br />Proceedings. If any proceeding in condemnation is filed, Trustor shall promptly notify Lender in writing, and Trustnr shall promptly
<br />take such steps as may be necessary to defend the action and obtain the award. Trustor may be the nominal party in such
<br />proceeding, but Lender shalt be entitled to participate in the proceeding and to be represented in the proceeding by counsel of its own
<br />choice, and 7rustor will deliver or cause to be delivered to Lender such instruments and documentation as may be requested 6y
<br />Lander frpm time to time to parmit suCh participation.
<br />Application Qf Net Proceeds. If all or any part ot the Prpperty is condemned by eminent domain proceedings or by any procaading or
<br />purchase in lieu of condemnation, 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 reasonahle costs, expenses, and attorneys' fees incurred by Trustee or Lender in connection with the candemnation.
<br />IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions relating to governmental
<br />taxes, fees and charges are a part of this peed of Trust:
<br />Current 7axes, Fees and Charges. Upon request by Lender, Trustor shall exacute such documents in addition ta this Deed af Trust
<br />and take whatever other action is requested by Lender ta perfact and enntinue Lender's lien on the Real Property. Trustor shall
<br />rsimburse Lender for all taxes, as describad below, together with all expenses incurred in recording, perfecting or continuing this Deed
<br />of Trust, including without limitation all taxes, fees, documentary stamps, and other charges for recording or registering this Deed of
<br />Trust.
<br />Taxes. The following shall constitute taxes to which this section applies: (1) a specific tax upan this type of Deed of Trust or upon
<br />all or any part of the Indebtedness secured by this Deed of 7rust; (2) a specific tax on Borrower which Borrower is authorized or
<br />required to deduct from payments on the Indebtedness sacured by this type of Deed of Trust; (3) a tax on this type af Deed of Trust
<br />chargaable against the Lender nr the hqlder of the Note; and (4) a specific tax on all or any portian pf 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 enacted subsequent to the date af this Deed of Trust, this event shall
<br />have the same effect as an Event of Default, and Lender may exercise any or all of its available remedies for an Event of pefault as
<br />provided below unless Trustor either (1) pays the tax before it becomes delinquent, or (2) contests the tax as provided above in the
<br />7axes and Liens section and deposits with Lender cash or a sufficient corporate surety bond or other security satisfactary to Lender.
<br />SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Deed of Trust as a security agreement are a
<br />part of this Deed of Trust:
<br />Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property cpnstitutes fixtures, and
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