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` ' DEED OF TRUST �� i O O S 6 7 S
<br />Loan No: 1012362Q7 (CqrltinUed) Page a
<br />camply with any obligation to maintain Existing Indebtedness in good standing as required belpw, ar to discharge or pay when due any
<br />amounts Trustor ia required to discharge or pay under this Deed of Trust or any Related Documents, Lender on Trustor's behalf may (but
<br />shall not be obligated to) take sny action that Lender deems appropriate, including but not limited to discharging or psying all taxes, liens,
<br />security interests, encumbrances and nthar claims, at any time levied or pleced on the F'roperty and paying all costs for insuring,
<br />maintaining snd preseruing the Property. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the
<br />rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Trustor. All such expenses will become
<br />a part of the Indebtedness end, at Lendar's option, will (A) be payable on demsnd; (B) be added to the 6alance nf the Note and be
<br />appnr#ioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance
<br />policy; nr �2) the remaining term of the Note; or (C) 6e treated as a balloon payment which will be due and payable at the Note's
<br />maturity. The Deed of Trust also will secure payment of these amounts. Such right shall be in addition to all other rights end remedies to
<br />which Lender may be entitled upon Default.
<br />WARqANTY; DEFENSE OF TITLE. The fallowing provisions relating to ownership nf the f'roparty are a part of this Deed ot Trust:
<br />Title. Trustor warrents thst: (a) 7rustor holds good and marketable title af recard to the Property in fee simple, free and clesr of all
<br />liens and encumbrances other than thase set fnrth in tha Real Property description or in the Existing Indebtedness sectian below or in
<br />any title insurance policy, title report, or final title opinipn iasued in favor of, and accepted by, Lender in connection with this Deed of
<br />Trust, and (b) Trustor has the full right, power, and authority to execute snd deliver this Deed of Trust to Lender.
<br />Defense of Title. Subject to the exception in tha psragraph above, Trustor warrants end will faraver 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 Trustnr's title or the
<br />interest of Trustee or Lender under this Deed of Trust, Trustor shall defend the action at Trustar's expense. Trustnr may be the
<br />nominal party in such prnceeding, but Lender shall be entitled to participate in the proceeding snd to be represented in the proceeding
<br />by counsel of Lender's own choice, and Trustnr will deliver, or cause to be delivered, to Lender such instruments as Lender may
<br />request from time to time ta permit such participation.
<br />Compliance With Laws. Trustor warrants that the Property and Trus#or's use of the Property complies with all existing applicable
<br />laws, ordinances, end reguletiona of governmental authorities.
<br />Survival of Reprasentations and Warranties. All representations, w�rranties, and agreements made by Trustor in this Deed of Trust
<br />shall survive the exscution and delivery of this Deed of Trust, shall 6e cnntinuing in nature, and shall remain in full force and effect
<br />until such time as Borrower's Indek�tedness shall be paid in full.
<br />EXIS7ING INDEBTEDNESS. The folinwing proviaions concerning Existing Indebtedness are a part of this Deed of 7rust:
<br />Existing Lien. The lien of this peed of Trust securing the Indebtedness may be secondary and inferior Yo an existing lien. Trustnr
<br />expressly covenants and agrees tn pey, or see to the payment of, the Existing Indebtednesa and to prevent any default on such
<br />indebtedness, any default under the instruments evidencing such indebtedness, or eny default under eny seCUrity documents for such
<br />inde6tednsss.
<br />No Modifica#ipn. 7rustor shall not enter into any agreement with the holder of any mortgage, deed of trust, or other security
<br />agreement which has priority nver this Deed of 'Trust by which that agreement is modified, amended, extended, or renewed without
<br />tha prior written consent of Lender. Trustor shall neither request nor accept any future advances under any such security agreement
<br />without the prior written consent of l.ender.
<br />CONDEMNATIOM. The following provisions relating to condemnatinn proceedings are a part of this Deed of Trust:
<br />Prnceedings. If any proceeding in condemnation is filed, Trustor shall promptly notify Lender in writing, end Trustpr shall promptly
<br />teke such steps as may be necessary to defend the ac#iqn and obtain the award. Trustor may 6e the nominal party in such
<br />proceeding, but Lender shall be entitled to participate in the proceeding and to bs represented in the proceeding by counsel of its nwn
<br />choice, and Trustor will deliver or cause tn be delivered to Lender such instruments end documentation as may be requestad 6y
<br />Lender from time to time to permit such perticipation.
<br />Application of Net Procaeds. If all or eny part of the Praperty is condemned by eminent domain proceedings or by any proceeding or
<br />purchase in lieu of condemnation, Lender may at its elactian require that all or any portion of the net proceeds af 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 af#er payment of
<br />all reasonable costs, expenses, and attorneys' fees incurred by Trustee or Lender in connac#ion with the condemnation.
<br />IMPOSITIQN OF 7AX65, FEES AND CHARGES BY GOVERNMENTAL AUTNORITIES. The following prnvisions relsting to governmental
<br />taxes, fees and charges are a part of this Deed of Trust:
<br />Current Taxes, Fees and Charges. Upon request by Lender, Trustor shall execute such dacuments in addition to this Deed of Trust
<br />and take whatever other action is requested by Lender to perfect and cnntinue Lender's lien on the Real Property. Trustnr shall
<br />reimburse Lender for all taxes, as described belaw, 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 pr registering this Deed of
<br />Trust.
<br />Taxes. The following shall constitute taxes to which this section applies: (1) a specific tax upon this type of Deed of Trust nr upon
<br />all or any part of the Indebtedness secured by this Deed of Trust; (2) a specific tax on 8prrqwer which Borrower is authorized or
<br />required ta deduct from payments on the Indebtedness secured 6y this type of Deed of Trust; (3) e tax on this type af beed of 7rust
<br />chargeable against the Lender or the holder of the Note; and (4) a specific #ax on all or any portion of the Indebtedness or on
<br />paymen#s of principal and interest made by Barrowar.
<br />Su6sequent Taxes. If any tax to which this section applies is enacted subsequent tn tha date of this Deed of Trust, this event shall
<br />have the same effect as an Event of �efault, and Lendar may exercise any or all of its available remadies for an Event of pefault as
<br />provided below unless Trustor either (1) pays the tax before it becnmes delinquent, or (2) contests the tax as provided above in the
<br />Taxes and Liens section and deposits with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender,
<br />SECURITY AGREEMENT; FINANCING STATEMENTS, 7he following provisions relating to this Deed of Trust as a security agreement are a
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