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<br />oEEO oF rRUSr
<br />(Continued)
<br />PROP�RTY pAMpG� INSURANCE. The folfowing provistpRS relating to Insuring the Propetfy are a part of th�s Deed nf Trust,
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<br />Mafntenance vf insurance. �'rustar shaA procure �nd maintain ppficies of ffre fnsu�ance with standard extendad cnverage
<br />endorsements on a replacemerrt basis fpr the �ull Ir�surable value oovering alt Improvements on the Rael Prnperty in an amount
<br />sufticient fo avoid appilcatfon af pny noinsurance clause, and with a standarcl morcgagee ctause in favvr af 1,.ender, together with such
<br />ather hazard and Ilabitity insurance aa Lender may rsasanataly require, Palicies shalt be written in fvrrrr, emounts, coverag�s and basis
<br />ressonably acceptabie tv Lender and issued by a rxympany or campan�s reasonabiy accaptable to Lender. Trustor, upon request af
<br />l.ender, will de[iver to Lender trom time ta time fhe pqitcies or certfficates of insurar�ce in form satisfactory ta Lender, including
<br />stlpulations that coverages wilt not be cancarlf�d or diminiahed without et least ten (1D) days prior written natice ta Lender. �ach
<br />insurance paiicy also st�al) include an endarr,�rnent providing th�t cpverage in favor of lender will not be Impalred In any way by any
<br />act, omission ar defautt of 7rustor or any other persan. Shoutd the Re�l Property be lacated In �n area designated by the C7irectar ofi
<br />tha Federal Emergency Management Agency as a specia! fload hazard area, Trustor agreas iv obtain and maintain Federal Flood
<br />Insurance, if available, for the maximum amount of Tru�tor's credit line and the fuit unpaid principal halanoe of any prlor Iiens on the
<br />property securEng the (oan, up to the maximum policy limfts set uMder 3he Mational Flood Insurance Pro�ram, or es atherwlse required
<br />by Lender, and tn malnkaih such insuranc� fiar the term of the �aan.
<br />Appfication nf Proceeds. Trustor shall pramptly notifjr Lencler of arry loss or damage to the Property. Lender may make prnnf of loss
<br />ffi Trustnr faiE� fa dp so within tifte�n (16) days of the casuatty. Whethar or not Lender's security is impaired, Lender may, at Lender's
<br />eiection, receive end retain the prac�ds af any insurance and apply tha proceeds t� the reducEfan of the Indebtedness, payment of
<br />any lien afFecting the Prop�rly, ar the res#oration and repair of the Property. If l.ender elects to apply th� proceeds to restoratinn �nd
<br />repair, 7rustor sh�N repair or replace the damaged or dastrayed Improvements in a manner satisf�ckary ko t.ender. Lender shsll, upon
<br />satisf�ctory proof ot such expenQlture, pay ar reimburse Trus#ar from the proceeds for the r�asonabie cost of repsir or restaratian if
<br />Trustor is npt in default under this Deed of Trust. Any prnceeds which have ncrt been dishursed witMin 180 days after their receipt
<br />and which Lendrrr has not cvmmitted to the repair or restoration of the Property shall be used firat to pay any amount owing to Lender
<br />under this Deed of Trust, then to pay acarued interest, and the remaincfer, if any, sMalt be appEi�d !a the princlpal balance nf the
<br />Indebtedness. If l.endsr halds any pmceeds aFter payment in full of the Indabtedness, such proceeda shatl be paic€ #o Trustor as
<br />�rustar's lnterasts may appear.
<br />CompElance with �xisting Indebtednas�. puring the periot3 in which any �xisting Indehtedness des�'ibed I�elow is in effect, cpmpllanve
<br />wtth the insurance ptavisions contained in the instrument eviderrcing such Eac3sting Indebtedness shal! �nstitute compliance wtth the
<br />insuranca provlgiona under this De� of Trust, #v th� extent qomplfance with fhe terms of thts Deed of 1"rust wauld canstitut� a
<br />duplication of €hsurance requirement. If any prnaeeds frnm the insuranc:e becorne payable nn loss, Yhe pravislons (n this 17eed af Trust
<br />for dNisian of proceeds &hall apply only to Fhat portion of ihe prnceeds hot payable t� the holder of the Existing indebtedness,
<br />LENnER'S EXP�NDI'fUFtES. If Trustor fails (A) to keep the Property free crf all taxes, 1(ens, �eourity interests, encuml�rances, and ather
<br />ofaims, (9) to provtde any required insurance vn the Praperky, (G) ta make repairs to the Property or to cnmply with any obiigativn to
<br />maintain �x€sting Indebtedness in good standing as required beivw, iiier� Lend�r may dn so. If any actlan or praceeding is cammence� that
<br />would materially a�t'e�t Lender's iriberests In the Property, then Lender On Trustow's behalf may, but is not requlrad to, take any actiqn that
<br />l.ende� believes to ba approprlate to prptect Lender'ffi Interesfs. A[I expenses inc�rred or paid by Lender fvr such purpc�ses wlll then bear
<br />Ir�terest at the rate chargsd under the Credit Agreement fram the date Incurred or patd by Lender to the date of repayment by 7rustor. Ali
<br />such expenses wifl become a part of the Indebtednes� and, at L.endePs option, wilE (A) be payable on demand; {B} be added to th�
<br />bakanca af the Gredit Apreement and be appartioned among and t�e payable with any installmertt payme�ts tv b�come due durin� eifhBr (1)
<br />the term af any appticable insurance poiicy; or (2) q'te rsmaining terrrt pf the Credit Agreement; or (C) be tt�eated as a balinon payment
<br />whlch wili be due and payaf�e at the Credit Agr�ement's maturity, The peed of Trust also wIIE secure payment of these amounts, The
<br />rights provided far in this paragraph shafl he in adcfltion ta any other rights or eny remedias tv which Lender may be entitl�i on aacount af
<br />any dei�ult. Any such action by Lender shall not be construed as cuMrrg the default so �s to bar l.ender from any remedy that it athervvise
<br />wauid Etiave had.
<br />WARRANTY; l�EF�iSE OF 71tLE. The finllowing pravisions relafinp ta awnership of the ProperEy are s part of thls peed pf Trust:
<br />Tltle. Trustar warrants that: (a) Trusbar holds good and msrketabEe title of recard tv tha Property in fse s(mple, frea and clear of all
<br />Ilens and encambranves ather than thasa sef forth in tha Real Property descriptlon ar in fhe Existing Indebtedness sectipn be�nw or in
<br />any tif[e insuranae policy, fiEle ►aporf, pr finaf tltle opinian issued in fav�r af, and accepted by, Lender in cannection with this l�e�ecf of
<br />Trust, a»d (b) 7rustor ha& the futl right, powsr, and aufhorliy tp execute and deliver thls p�ad af Trust to Lender.
<br />Defense of Tltle. Subject ta the exceptian ln tl� pgragraph abave, Trustor w�rrants and will forever defend ihe title to the PrapeKy
<br />a�ainst the lawful claims ot �li perspns. In the event any action or prpceeding is carpmenced that ques�ons Trustors title or the
<br />interest af Trwstee or Lender under this beed of Trust, Trustor shalf defend the aation at 7ruator's expanse. 1'rustor may be the
<br />nominal party ln such procaading, but Lander Shall be entitled to particlpate in the ptaceeding and tp be represented in the proceeding
<br />by cor�nsel of Lsnder's pwn chdtce, and Trustor wiii deliver, or caus� ta de delivered, to l.ender such instruments as Lender may
<br />rec3uest from time to ftme to permit such particip�tion.
<br />Gnmplfance With I.aw�. Trustor warrants that the Property and Trustors use of ihe Proparty cvmplies with ai) ext�ting applicable
<br />laws, ordinances, and regulatlons af govemment�l authori#ies.
<br />5urvlval of Promises. Ap promisas, agrgements, and statements �'rustor has mada In this Deed of Trust shalf sarvive the execution
<br />and defivery rN thfs Deed of 1'rust, ahall be corrtinuing in nature and shali r�emain in fu11 force and effect untii such time as Trustar's
<br />lndabtedness is p�id in full. .
<br />EKISTIN(3 INDEBTEDNES$. 1'he following provisians cvnc�rnina �xisting Indebtedness are a part vf this dead of Trust:
<br />. bcisqn� I.ien. 1'h� fien of this Deed of Trust sacurir�g the Indebtedness may 6e secondary arsd inferfpr ta an existing lien. 1'rustior
<br />expressly covenants and agrees to pay, or see to the payment af, the E%lstfng Indebtedness and to prevent any defauit on such
<br />indebtednesa, any dafault under the knatrumer�ts evidencing such Indebtednasa, or any def�ul! under any securlty dacumenta far such
<br />indebtedness.
<br />No Modtfication. Trustor shall not enter into any agreemeni with tha hoider of any mortgage, deed af trust, or other security
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