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� � 201007695
<br />�EED C}F TRUST
<br />(�ontinu�d} �a�e 3
<br />Insurarx� pr�iicy also ahaN includ� an endorsement provlding that ooverage In favar af I.ender wili not be impaired in any way by any
<br />ad, omission or default of Trustor or arty othec peraon. 5twuld the Real Property be locabed ln an area designated by th� pirector of
<br />the Foderal �mergency Managerr�nt Agency as a spe�al fload hazard area, Trustor agrees to obtaln and malntain Federal Flood
<br />Insurance, tf avaitable, fnr the full unpaid princlpal balance of the In�n and ar�}r prior Itens on the properly aecuring the loan, up ta the
<br />maximum paiicy Umits �at under the Natlonal �bod Insuranc� Program, vr as atherwise required by [.¢nder, and ta maintaln sach
<br />insurance far the berm af the laan.
<br />Applicatipp ofi Nroceeds. 7rustar shall prompfiy notify t,ender pf any loaa or damage to the Property. L,snder may make proof �f Ioss
<br />if Trustor fails ta da so within 1"rtteen (15) daye af the casualty. Whether or not Lender"s securlty is imp�ir9eGl, Lender may, at Lender's
<br />elactian, recelve and retaln �e proceeds of any insurancs and apply the praceed6 t� tha reducdon of the fndebtedness, payme�t of
<br />any Iben aHeCting the Properry, ar the restorativn and repalr of the Properly. If Lender elscts to appty the ptoceeds ta restoratidn and
<br />rep�lr, Trustor shall rapair nr repiac�a the damagad or destroyed lrnprav�rner�ts in a manner satis4actary ta Lender. Lender sha11, upon
<br />satfsfactory proaf of such expenditur�, pay or r�imburse Trustor from tF� provee�ds far the r�asonabla ao�t aF repair or restoration if
<br />Trustor is not in defeult unc�r this Dead of Trust. Any proceeds whfch have not been disb�rsed withjn 98� days atter thelr receipt
<br />and whlch Lende� has nvt cammitted to the repa[r or resiaration of the Praperry shab be used first to pay any smvunt owing to E.ender
<br />under this Deed at Trust, then to pay aacrued inbsrest, and th� remainder, if any, shail be appiied to fhe prinalpal balance of the
<br />Indebtedness. I# Lender holds any proce�ds atter p�ymen# in fufl of the Indebtecines�, suoh proceeds shelf be paid to 1"rustar as
<br />Trustor's inter'�aats rrmy appe�r,
<br />L�Nt]�R'$ EXP�NpETURE5. tf 'Crustor fall& {A) to ke�p the Property fr�e pY all taxes, lian�, sacu�ity inter�ests, encumbrancgs, and other
<br />�fa?ms, (B) to provic� any requlred insur�nce on the Propetty, ar {�) ta make repalrs to the Prqperty than L.ender may da so. It any
<br />actian or proceeding is cnmment.�d that wauld materially affect Lende�s fnterests in the Prpparty, th�n Lender on 1"rustar's behalf may,
<br />bu# is hot required to, take arry a�vn thqt I.ender beli�vaa tq be appraprlate ta protect Lende�a irrterests. AI{ �xpenses 3ncurred ar paid by
<br />Lender for suah purpases will then beAr ir�terest at the ratie charded under the Note fram tlte date incurred or paid by Lender ta the date pf
<br />repaym�nt by Trustor. All suoh expansea will becoma a part of t#ie Indebtedness and, at Lencfer's option, will (A) be payable on demand;
<br />(E3) be added to the ba�ance of the lJate and be apportfaned among and be payab[e with any lnatalfinent payments to become due during
<br />eitht�r (1) the term af �ny applicabte inauran�e pnlicy, ar (2) the remaining term of the Nvte; or �C} be tr+�at.�d as a balloon payment
<br />which will he due and payahle at the Nab�'s maturily. The peed af Trust also will ss�ure paym�ni af these amounPs, Tha rights provided
<br />for in thia paragraph shall be in addl�on to �ny other rights ar any remedla� tv which Lender may be entiqed an accaunt of any defaul#.
<br />Atsy sunh acciian by Lender shap not be cnrzstrued as curir�g the default �o as to bar Lender from any rem�ly that it adiernise would ha�e
<br />had.
<br />WARRANTY; DEFENSE OF'1'ITLE. The �follawing provlsEons refetirrg tn ownership of tha Pro�erry are a part of this Deed �f 7rust:
<br />71t1e. Trustor w�rrarrts that: (a) Trus�r halds qovd and marketable title of recard to the Property in fee slmpl�, free �nd cfear oT a11
<br />lians and encumbr�nces otl�er than thosa sei forth in the Raal }�roperEy de�criptian pr in any fitle insurance ppNcy, t�l� repbrt, ar final
<br />tfde t�inion issued in favor vf, and aco�ptsd by, Lend�r in connection with this peod of Trust, artd (b) Trustor has the full rfaht,
<br />power, and auti'�ority ta execute and dellver thfs peed af 7rust to Lender, .
<br />beter�e of 'I'itis. Subject to the exoeptlon in the parasraph sbave, Trustar warrants and will fprever defend the tifle to the Property
<br />against thQ Iawful claim� aF al) persans. In tha event eny actinn or prioceedir►g is commenoed that questiona Trustor's tfiie or the
<br />intereat of Trustee or tend�r under thls Deed of Trusf, Trustor shall defend the actfpn at Trustor's �cper�e. 7rustor may be tha
<br />norninal party in such proceeding, hut Lender shail be entitled to parllGpate in the proce�ding and to he represented in the �rncesding
<br />by counsel of Lender's own c�oiae, and Trustior wlll deliver, ar cause to be delivered, !a Lender such instrumarrts as l.end�r may
<br />request from tlma ta tirne ta permit such p�rtipipativn.
<br />Compliance Wlth Laws. Trustor warrants that the Properly and 7rustor's usa af tF� Property oorr►pffes with aq �xis�ng �pplicable
<br />Ia+NS, ordin�naes, and regulations af governmental aufnori�.
<br />Survival af prarrrl�es. A!f promises, e,qre�rhe�ta, �nd sta6emer� 7rustpr has mac4e in this D�Bd of Tru�t shall survive the executfan
<br />and d�livery of this Daed of Trust, shafl be contlnuing In nature and sha11 ramain in full f�orc� and effect unt(I suah time as Trusta's
<br />indebtednssa ls paid ln full.
<br />CCINDEMNATIDN. 7he fdlowing provtsipns relating to condamnation proceedings are a part of this peed af Trust:
<br />Proceedings. 14 any proaeedina in condamnatfon is filed, 7rustor shall promptty notify l.Bndar in writirtg, and 7rustor shati promptly
<br />take such steps as may pe nec�ssary tn defend the actlon and obtein the sward. Trustor may be the nominal party in �uch
<br />proaeedfng, hut Lencier shall be entiUed ta participate in the praoeedirta and to be represented in the praceeding by counsel oi its awn
<br />chofo�, and Trustor will tblivBr vr cauae to be delhrered to Lender such instrumenta and docurnentation as may be r�quested by
<br />l.ender from tlme to tirr�e to permit such pa�icipation.
<br />Application of Net Proceeds. if ali ar arry part pF the Praperty ls c:nndemned by eminerit dnmain proceedings or by any proaeeding or
<br />purctiase in lieu of oondemrradon, Lander rr�y at its electfon requirB that all or ar�y portian 4fi tha n6t prooeeds �f the award be appiied
<br />to the Indeht$dne�s qr the r�pair ar restoratior► of the Property. The net proceeds of the pward shall mean the award af@ar payment of
<br />al! reasoqebl� costs, expenses, �nd attomeys' fee& incurred by Trustee ar Lendar in connactlon with the condemnatian.
<br />IMPaSITIDN OF TAXE&. FEES AtJD CFiAR(3E$ BY aOV�Rt�MENTAL AUTHQRITIES. 1'he iollow(n� prc�visicns relating tn gnvernmental
<br />taxeS, fees and charges are a part of this peed of Trus�
<br />Current Taxe�s, Fee4 and Gharges. Upon r�uest by l.endar, Trus+tpr shall execute such dqcuments in addition ta this peed of Trus#
<br />and take whabever ather ac�ion ts requeested by l..ender to perf�ct and cvntinue Lencier's lien on the �teal Property. Trustnr shall
<br />reimburae Lvnder'Far ait t�oas, as desc�ibed belaw, tagethar with all expenses incurred in reccrding, pertecting or continuirrg this C�eed
<br />c�f' Trust, including withaut limitation all t�xes, fees, documerrtary stamps, and other chargea for rec�rding or r�gistering this Oeed af
<br />7'rust
<br />Tax�s. 7he follawing sh�lt canstitute taxas ta whtch this sec�ion appll�s: (1) a specific t�c upan this type nf Deed af 7rust or upon
<br />afl or any part of the ind�bf�adness secured by this Deed of Trust; (2) a spacifc tax on Trustor which 7rustpr is authorixed or
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