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• DE�D QF TRUST
<br />Loan No: 101237344� . V; (Continued) Page 3
<br />; .: r.. : r 201�O��gC
<br />Trustpr shall within fif[een (15) days after the lien arises or, if a lien is filed, within fifteen (15) days after Trustor has notica of the
<br />filing, secure the discharge of the lian, or if requested by Lender, deposit with Lender cash or a sufficient corporate suraty bond or
<br />other security satisfactory to Lender in an amount sufficient tv discharge the lien plus any costs �nd attorneys' fees, or other charges
<br />that could accrue as a result of a foreclosure or sale undsr the lien. In any contest, Trustor shati defend itself and Lender and shall
<br />satisfy any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additianal obligee under any
<br />surety bond furnished in the contest proceedings.
<br />Evidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes or assessments and
<br />shall authorize the appropriate governmental official to deliver to Lender at any time a written statement of the taxes and assessments
<br />egainst the Property.
<br />Notice of Construction. Trustor shall notify Lender at least fifteen (15) days before any wprk is commenced, any services are
<br />furnished, or any materials are supplied to tha Property, if any mechanic's lien, materialmen's lien, or other lien could be asserted on
<br />account af the work, services, or materials. Trustor will upon request of Lander furnish to l.ender advance assurances satisfactory to
<br />Lender that Trustor can and will pay the cpst of such improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this Deed of Trust.
<br />Maintenance of Insurance. Trustar shall procure and maintain pplicies of fire insurance with standard extended caverage
<br />endorsements on a fair value basis for the full insurable value cavering all Improvements on the Real Property in an amount sufficient
<br />to avoid application of any coinsurance clause, and with a standard mortgagee clause in favor of Lender. Trustor ahall also procure
<br />and maintain camprehensive general liability insurance in such coverage amaunts as Lender may request with Trustee and Lender
<br />being named as additional insureds in such liability insurance policies. Additipnally, Trustor shall maintain such other insurance,
<br />including but not limited to hazard, business interruption, end boilsr insurance, as Lender may reasonably require. Policies shall be
<br />written in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies reasonably
<br />acceptable to Lender. Trustor, upon request of Lender, will deliver to lender from time to time the policies vr certificates of insurance
<br />in form satisfactory to Lender, including stipulations that coverages will not be cencelled or diminished withouT at least ten (10) days
<br />prior written notice to Lender. Each insurance policy also shall include an endorsement providing that caverage in favor of Lender will
<br />not be impaired in any way by any act, omission or default of Trustor qr any other person. Shpuld the Real Property be located in an
<br />area designated by the Directar qf the Federal Emergency Management Agency as a spacial flood hazard area, Trustor agrees to
<br />obtain and maintain Federal Flood Insurance, if available, for the full unpaid principal balance of the loan and any prior liens on the
<br />property securing the loan, up to the maximum pvlicy limits set under the Nativnal Flppd Insurance Program, or as otherwise requirsd
<br />by Lender, and to maintain such insurance for the term of the loan.
<br />Appiication of Procaeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender may make provf af Ipss
<br />if Trustar fails to do so within fifteen (15) days of the casualty. Whether or not Lender's security is impaired, Lender may, at Lender's
<br />elsctipn, receive and retain the praceeds of any insurance and apply the proceeds to the reduction of the Indebtedness, payment of
<br />any lien affecting the Proparty, or the restoration and repair of the Property. If Lender elects to apply tha prqceeds to restoration and
<br />repair, 7rustor shall repair or replace the damaged or destroyed Improvemants in a manner satisfactory to Lender. Lender shall, upon
<br />satisfactqry proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasvnable cost of repair or rastoration if
<br />Trustor is not in default under this Deed of Trust. Any proceeds which have not been disbursed within 180 days after their receipt
<br />and which Lender has not committed to the repair or rastoration of the Property shall be used first to pay any amount owing to Lender
<br />under this Deed of Trust, then to pay accrued interast, and the remainder, if any, shall be applied to the principal balance of the
<br />Indebtedness. If Lender holds any proceeds after payment in full of the Indebtedness, such proceeds shall be paid to 7rustar as
<br />Trustor's interests may appear,
<br />Compliance with Existing Indebtedness. During the period in which any Existing Indebtedness described below is in effect, campliance
<br />with the insurance provisions cantained in the instrument evidencing such Existing Indebtsdness shall constitute compliance with the
<br />insurance provisions under this Deed of Trust, to the extent compliance with the terms of this Deed of Trust would constitute a
<br />duplication af insurance requirement. If any proceeds from the insurance become payable on loss, the provisions in this C7eed of Trust
<br />fpr division of proceeds shall apply only to that portion of the procaeds not payable to the halder of the Existing Indebtedness.
<br />Truatqr's Report on Insurance. Upon request of Lender, however not more than once a ysar, Trustor shall furnish to Lender a report
<br />on each existing policy of insurance showing: (1) the name of the insurer; (2) the risks insured; (3) the amount of the policy; (41
<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 policy. 7rustor shall, upon request of Lender, have an independent appraiser satisfactory to Lender datarmine
<br />the cash value replacement cost of the Property.
<br />LENDER'S EXPENDITUR@5. If any action pr proceeding 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 ta Trustor's failure to
<br />comply with any obligation to maintain Existing Indebtedness in good standing as required below, or to discharge or pay when due any
<br />amounts Trustor is required to discharge or pay under this �eed of Trust or any Related Dacuments, l.ender on Trustor's behalf may (but
<br />shall not ba abligated to) take any action that Lender deems appropriate, including but not limited tn discharging or paying all taxes, liens,
<br />security interests, encumbrances and other claims, at any time levied or placed on the Property and paying all costs for insuring,
<br />maintaining and preserving the Property. All such expenditures incurred or paid by Lander for such purposas will then bear interest at the
<br />rate charged under the Npte from the date incurred or paid by Lender to the date of repayment by Trustor. All such expenses will 6ecome
<br />a part of the Indebtedness and, at Lender's option, will (A) ba payable on demand; (B) be added to the balance of the Note and ba
<br />apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance
<br />policy; pr (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note's
<br />maturity. The Deed of 7rust also will secure payment of thase amounts. 5uch right shall be in addition to all other rights and remedies to
<br />which Lender may be entitled upon Default.
<br />WARRANtY; DEPENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Deed of Trust:
<br />Title. 7rustar warrants that: (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 forth in the Raal Property description or in the Existing Indebtedness section below or in
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