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" DEf D O� TF��JST
<br />Laan No: 101234668 (Coll#IllUed.).
<br />2�1009606
<br />Page 3
<br />that. could accrue ss. a result at a f.a,1'Qc�4sure qr selp under th� Ilen. In any conteat, Trus.#a� shall de.fend itself and. LandQr an�l ghall
<br />satisfy any adverse jud.gme.nt be:fore enforce.riment ag�inst the Property, Trustar eh�ll nem� Lend�r as an edditinnal obtlgee under any
<br />surety bbnd fumished in the conteat proceedin�s.
<br />EVpti�nce o.f P�yment. 7rusto'r ehall upon de�nehd fu,rni5h td Lender a8�isfactory eVidOnce af p.pym�nt of the taxes pr assessments and
<br />shsll aufhorize the appropriate governmanfal 4fficial to deliber t6 Le�qer at eny tirrie a writtan statemant af fhe taxas and assessments
<br />against the Property.
<br />NRtic,e of Constructiqn. Trustor shall notify Lender at le�st fiTte;an (15) days before any work is commenced, a.ny servicea are
<br />furrtished, or anq m.Qterials ara supplled to the Prope,�ty, if any mechanic'�. lien, mater.ialmen's li�n, or nther lien could be esserted on
<br />eGcpU�1t nf th.e work, serviGes, or matetlals. Truator will upnn request of Lender fumish to Lender advence assurances satisfactory to
<br />Lendar fhat T'rustor ca.n and will pay the cost. ot suGii improvements:
<br />PROPER7Y DApMAGE IIVSU.RAN.CE. Tha fallowing provis.fons relating to insuring the Prope.rty are a part nf this Deed of Trust,
<br />Mai.ntenance of lns�+r�nc�. Trustp.r shal.l prn.CUCe and rriaintain ppliciea pf fir�, insurpric� with stanilard extend�tl coverage
<br />entlorsemehls on a faf'r v�lu� ba.sis for the fGlt. inBUra'ble V�lue ctiv:ering 811 Impravertients qn the Re�l hrop�rty in an amount $:ufiicient
<br />ta a.Vad. application of any coinsurance cla_u8e., �n(f with a. atgri.d. ard mprtya�ea plsuse in faVO� o.f Lender. Trusto� shall alsa pro.c.ur@
<br />and maintoin coinp�a.h..�ns.Cve gena�al li.abi.li'ty insurance in &uch C�nvera.ge arrip�.�fs s.s Lender mey request with 1'rustee and Lend�r
<br />bein� narnei� a$ adaitional insureds in sUch liability inaurunc'a ppliciea.. Additionally Trustor sliall m�intain such o3he� insurance,
<br />inc�yciinq 4ut, nqt lirrifte� tn hazard,, bus.ine�s int�rruption, and b�i.ler ih5uran�e, aa. Lend.er may reasonab.ly require. Policies shall 6e
<br />written in form, amounfs, coVereges and basis reasonakly accgptable to Lende� end issued by a co.mp�ny or �orir:panies rsasonahly
<br />acGapt�ble to La.n..der. Trusto.r, up.pn re.quest of Lend@r, will pel.iv8r to I»ef�de.r from time to Eim� th.e po.IiGies o� certificates of inspranc;e
<br />in form satisfactory to Len�er, including stjp�lnt'inns that covar���s will npt be caricelled nr dimin�sfi.ed. v++ithout et feast ten ('10) days
<br />priot writt�n, notice tp Lender. Eech insure�nce pojioy aleo ehall "include. an endors,ema.n.t providin� th2t Cnvera.ge. in favp.r pf L.ender will
<br />not be impair'Hd in any wey qy any act, Rmi�sjA,n ar defflult of TrustOr or an:y okfiar psrsan: Should #he I�e.al I'ra;peCty be Ipcated in en
<br />aPee desi�na..t�d by th9 Dir�,ctar of The Federal E.m,ergency: M�ne�ement. A�ency as a sRacial floo� hazard area, 7rustvr agrees td
<br />obtain an mainta'in Fpderai Flopd Insul'anCB, if a'vailable,. V+rithi� 4�a tl�y� aftel' nqfice is �iven by Lender tlist the Property is Iticated in
<br />a sR�cial f.lood h�tard �rea, fpr th'e fl�ll urapaid principal tislanGe pf the; I,pan and any priqr I�ana on th� pfo'perty securir�g the Ioan up to
<br />tha m�ximurri pal'i.cy limits �et u�d�� the Natio.nal Flootl Inaurencg Prdgrgm, ar as, otherw.ise required by Lender, and ca mair�t�in auch
<br />insuran,Ge f,or tlie term of the Ivan.
<br />Applicatian of ProGyeda Tr���or $h�I.I ,prbrr�pTly notify Lender of any Iszss or demage to thp Prpperty, Lender may m�ka prapfi of lo,.ss
<br />if Trustqr fails to d.o. so w��h�;f�ftg�n (1&) days of the caswalty. Whq'ther pr no# l.9nde.r's secu't.ity is impelirQd, LeNlder may, at L9nder's
<br />election, re.ce.iv� and. ret�►� '�tt,B �a��cee(�s qf an.y insurancp and. appl.y th� proCeads. to, the radu�tfon o.f the Indabtetlness, payinent of
<br />any lien efteating ths I�hc3Qprty, pS tha r��,t��tion and rap��r �� �he Prap¢r�y If„Le�Sd@r elec�� tc>. apply th!� praceeda to restoration and
<br />repair, Tru�tor phall ��aa1�^ q� y��rl�ce tl� �rri���� pjt d�atro�o� ��1pf�t�Crt�h�� T� � 7�5�P�nar sa��taa��Y �a LaN�d��: l.e�dar shall, upon
<br />sati'sfectary p�aqf��,��Gn kfxpal�diturea pay �ar'�� rrr�rrse 7rd$.�ct� fr¢�'t.�� pFoa�q�#� �`pf th� raasal��l� c��t �" �epai.r pr rastp.r8tion if
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<br />Trustor is not iy� {��79t �rl��r' thls D�!Bd pr Trk��t. �k'K9y pl�oce.ed�' �1ti 'h�c�i h�vo �at ��en di�k��sc� witilin '"� ��'ays afiter th.eir' rec.eipt
<br />and wh�ch Le��:es. rlot cnmmitted tp fhe rep.air or resforstipn pf thg Prqparty ahall' be. usad fi�at to pay any amounf awin.g to Lent�el
<br />under This D�'��'qf Trust, ffi�n to pay ACCrugd inter9Bt, and the rem�inti�r, if any, shall be. appU�d to tha prinCip�) ti�l�nce o.f the
<br />(nidebt$dnes�. If Len.de.r holds any p.race..eids after paym�nt in ful.l vf the. Indebt�dness; such prpceeds shalt be peitl ta Trustor as.
<br />Tru�for's interasts may a�p�ar:
<br />1'r�stvr's Repprt an. Insure�nc.a: Upq.{� C.@quest �f Len.deF, ho.wevsr not mora than onc.a. a. y�ar, Trust:or �hal furnish To Le,n.der a report
<br />Qn �a.ch existing poli�y pf ilisUr�ltce �lio�niillg': (1) the nam� of Lhe insur�r; (2) th� r.is.ks insure�; 13) the amount of the. policy; (4)
<br />the qrope.r�y insyrad the thpm purrpnt r�pl.�cia�rte,nC velue of s'yah prpp��ty, and th8 manrtar of determ th�f Value; and (5.) the
<br />expi�atioh dake a�' �he ppllE.y�. Tru,�toP �bsll, up.Oli rpq��st qf Land�r; havo an ind�pendant epp'rai&.er ssti�facto.ry tq Lentier determine
<br />the caeh v.al.u.e. replsaement c�st o� fhn pra;p,srty,
<br />LENt��R'S �Xp�N17.171JRES.. If anY a.c.tian a.r Rra.s�ading is c.omm�n.p�d tfitit. w, pwld m�teri.a.11y �ffeci, l„enrle;r's i��er�st in th.e Prap.erty or if
<br />Trustnr fails to comply with �ny pr.avisi'o.n di this p.eed of Truat ni aiiy Fielat.ed aocum8nts, inciudi�g'but not liriiited t� Trusta�`s faifur� tp
<br />diachprge nr p.�:y when duB any amouht� Tru�C�1r IS riaquired td dis'charge ai pay under this dend 6f Trpst or ��y Relgted Dpc:uments, Lendar
<br />on Trustnr'a behtilf may Itiut s.fiall. nczt be obli�a#ed. t`a? take any &.ction that Le�dar de�ms ap.prapriate, including bu#. not, limfted to.
<br />discharginp or p�ying qll C�xas, Ile,n$, s0.euriYy intef�sts, en.cumbr8ncea �nd qth9r Gl�ih'ls, et any tim'.s. lavie:d or placed on the Pr:pperty and
<br />paying all c.osta for i�,syring, mainteinin� and p�eservjng the. Prap,erty, All such �xpenditures inGUrred or paid. by Lender for such purposes
<br />will therl k�e.ar intePest et th� rate chai�jed und8r the. Np.4e frnm Che date ihcurred o� pafd by Le.nder tp thQ date of repaymant by TruStqr. All
<br />suph ezpens�s. will, bac.ame a. part n� the Inde.ptatlness and, at Lehd�r's. nptikn:, will IAj be payable. on �emand; IE�? be added to the
<br />balance .ot the Nvte and be appo.rtfoned ar'nong end ba payeble with any insiallm�nt paymants to becvme du� durfog eather (1) the term of
<br />any npplicabl� irisurance po�i�y; or (21 tha c�m..�in'ing term af the Npte; a[ (Cl be treatad as. a ballaan payrrient whiCh will 6e due and
<br />payaple: at the. NOte'& maturity, The Deed of Trust alsb will sac.ure psyment of tFiese amounts. 5ucti right shall be in addition to all qther
<br />rights and remadiaa to which Lender may be e.ntiilad updn Aafe.ult,
<br />WARRANTY; DEFENSE OF TI7LE. 7he follawing provisians ral�tir�g to ownarahip ai the I?roperty are e part of tfiis Deed oi 7rust:
<br />Title. 1"rustor werr�nts that: (a) Trustor lipld� good and marketabl� title of recard to the Rroperty in fee sim.pl.a, fre.e and ciegr af all
<br />lisna and encurrlbrances other than thpse set. fp�th in th�9 Reel Property descriptipn v� in any tiile insurance polic.y: title report; or finel
<br />titlo ppinion isauad in favor of, and accepted by, Lendsr In con�ection with this I]eed af 7rust, and (b) Trust6r has the full right,
<br />power, and authority to execute and dsliver this Deed of Trust ta Lender,
<br />Defense of Title. Subject to the exception In the paregraph above, Truator warrants and will torever defend the title tn tMe Property
<br />against the I�wful claims ot all person�. In tha av�nt any action or pr�c�Qd�r�g is cpxnrnenced the4 questinns Trustnr's titla or the
<br />interest of Trustee or l.endar under this �eed of Trust, TrusCnr shall defend the action et Trustor's expense. Trustor may be the
<br />naminal party in such praceeding, qut Lender shall be entiitled to particlpate in the prpcpsding and ta be reprassnted in the praceeding
<br />by qdurrsal vf Lend9r's own choice, entl T�ustpr will delivAr; or cause to be deliv.ered, to Lender such instruments as Lender may
<br />request from time tp tlme ta permit such participation.
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