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2oioo95s� It is understa�d and agreed between Trustor(s) and Beneficiary that this Trust Deed is given to secure the repayments in fuli of the foilowing described obligations, regardless of whether Mqrtgagor(s) is(are) liable thereon, and all future and additional loans or advances, protective or otherwise, which may be made by Beneficiary, at its option, at the request of, and ta ar far the account of Trustor(s), the parties liable under the note(s) or credit agreement(s), or any of them, for any purpose, plus interest thereon, all payable according to the terms of the note(s), credi# agreement(s), or other instrument(s) modifying the same. Date af Note(s1 ar Credlt Agreement s� 12121/2010 Principal Amount $119,600.00 12/21/2010 .� �� Provided, however, that the tntal principal indebtedness outstanding and secured hereby at any one time will not exceed the sum of ONE HUNDRED SEVENTY-NINE THOUSAND SIX HUNDRED, ($179,600.00), exclusive af interest and protective advances authorized herein or in the Ipan agreement(s); provided further, that THIS PARAGRAPH SHALL N07 CONSTITUT� A COMMITMENT 70 MAKE FURTHER OR ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOl' 7HE 707AL PRINCIPAL IND�BTEDNESS ABOV� HAS BEEN ADVANCED. This Trust D�ed will be due January 1, 2026. Trustor(s) hereby warrants that Trustor(s) holds fee simple title to the above described property, that Trustor(s) has good and lawful authority to deed and encumber the same, that the property is free and clear of all liens and encumbrances, except encumbrances of record, and that Trustor(s) will warrant and defend the property, at Trustor(s) expense, against all claimants whomsoever. Trustor(s) also hereby waives and relinquishes all rights of dower, homestead, distributive share, and exemption in and to the above described prop�rty. 7his trust deed secures more than one note. In the event of default und�r any note, all notes will be consider�d t� be in default and the Beneficiary may exercise the remedies provided herein in satisfaction of all notes. This is a purchase money trust deed. Trustor�s) and each of them further covenants and agrees with Beneficiary as follows: 1, To p�y all liens, judgments, or other assessm�nts against the property, and to pay when due all assessments, taxes, rents, fees, or charges upon the property or under any lease, permit, license, or privilege assigned to Beneficiary as additional security to this Trust Deed, including those in or on public domain. Z. To insure and keep insured buildings and other improvements including fixtures and attachments now on or hereafter placed on the property to the satisfaction of Beneficiary, will on demand furnish said policies or furnish proof of insurance to 8eneficiary. Any sums so receiued by Ben�ficiary may be used to pay for recanstruction of the destroyed improvements or if not so applied may be applied, at the option of Beneficiary, in payment of any indebtedness matured or unmatured secured by this Trust Deed. Such insurance will be in an amount at least equal to the lesser of the loan balance, the actual cash value of the collateral, or the replacement cost of the properky, and will at a minimum, cover losses caused by fire, lightning, explosion, riot, aircraft, uehicles, vandalism, civil comm�tion, smnke, windstorm, and hail. Trustor(s) will obtain and keep flood insurance in fprce ta cover losses by flood as required by Beneficiary and by the National Flood Insurance Act of 1968, as am�nded, and by regulations implemen#ing the same. 7rustor(s) further agree that Beneficiary is not and will not be liable for any failure by Trustor(s) or by any insurer, for whatever reason, to obtain and keep this insurance in force. 3. To keep all buildings, fixtures, attachments, and other improvements now on or hereafter placed on the prnperty occupied and in good repair, maintenance, and condition and to neither commit nor permit any acts of waste or any impairment of the value of the property. Beneficiary may enter upon the praperty to inspect the same or to perForm any acts authorized herein or in the credit agreement(s). 4. In the event TruStor(s) fails to pay any liens, judgments, assessments, taxes, rents, fees, or charges or maintain any insurance on the property, buildings, fixtures, attachments, ar improvements as provided herein or in the loan agreement(s), Beneficiary, at i#s optian, may meke such peyments or pravide insurance, maintenance, ar repairs and any amounts paid therefor will become part of the principal indebtedness secured here�y, be immediately due and payable and bear interest at the default rate provided in the note(s) or credit agreement(s) from the date of payment until paid. The advanc�ment by Beneficiary nf any such amnunts will in no manner limit the righ# of Beneficiary to declare Trustor(s) in default or exercise any of Beneficiary's other rights and remedies. 5. In the event 8eneficiary is a party to any litigation affecting the property or the lien of this 7rust Deed, including any action by Beneficiary to enforce this Trust Deed or any suit in which Beneficiary is named a defendant (including condemnation and bankruptcy proceedings) Beneficiary may incur expenses and advance payments for abstract fees, attorneys fees (to the extent allowed by law), costs, expenses, appraisal fees, and other charges and any amounts so advanced will become part of the principal indebtedness secured hereby, be immediately due and payable and bear interest at the default rate provided in the note(s) or credit agreement(s) from the date of advance until peid. 6. Any awards made to Trustor(s) or their successors by the exercise of eminent domain are hereby assigned to Beneficiary; and Beneficiary is hereby authorized #o coltec# and apply the same in payment of any indebtedness, mature or unmatured, secured by this Trust Deed. App #: 5�42645; CIF #: 85361; Note #: 205 2205Q Legal Dac. Date: December 21, 2Q10 FORM 5011, Trust need and Assignment of Rents Page 2