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DEED OF TRUST 20 �103929
<br />iContinued) Page 2
<br />Nuisance, Waste. Trustor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any stripping of or waste on
<br />or to the Property or any portion of the Property. Without limiting the generality of the foregoing, Trustor will not remove, or grent to
<br />any other party the right to remove, any timber, minerals (including oil and gas), coal, clay, scoria, soil, gravel or rock products
<br />without Lender's prior written consent.
<br />Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property without Lender's prior
<br />written consent. As a condition to the removal af eny Improvements, Lender may require Trustor to make arrengements setisfactory
<br />to Lender to replace such Improvements with Improvements of at least equal velue.
<br />Lender's Right to Enter. Lender and Lender's agents and representatives may enter upon the Real Property et all reasonable times to
<br />attend to Lender's interests and to inspect the Real Property for purposes of Trustor's compliance with the terms and conditions of
<br />this Deed of Trust.
<br />Compliance with Governmental Requirements. Trustor shall promptly comply with all laws, ordinances, end regulations, now or
<br />hereafter in effect, of ali governmental authorities applicable to the use or occupancy of the Property, including without Ilmitation, the
<br />Americans With Disabilities Act. Trustor may contest in good faith any such lew, ordinance, or regulation and withhold compliance
<br />during any proceeding, including appropriate appeals, so long as Trustor has notified Lender in writing prior to doing so and so long as,
<br />in Lender's sole opinion, Lender's interests in the Property are not jeopardized. Lender may require Trustor to post adequate security
<br />or a surety bond, reasonably satisfactory to Lender, to protect Lender's interest.
<br />Duty to Protect. Trustor agrees neither to abandon or leave unettended the Property. Trustor shall do all other ects, in addition to
<br />those acts set forth above in this section, which from the character and use of the Property are reasonably necessary to protect and
<br />preserve the Propeny.
<br />TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property ere part af this Deed of Trust:
<br />Payment. Trustor shall pay when due (and in all events prior to delinquency) all taxes, special taxes, assessments, cherges (including
<br />water and sewer), fines and impositions levied against or on account of the Property, and shall pay when due all claims for work done
<br />on or for services rendered or material furnished to the Property. Trustor shall maintafn the Property free of all liens having priority
<br />over or equal to the interest of Lender under this Deed of Trust, except for the lien of taxes and assessments not due and except es
<br />otherwise provided in this Deed of Trust. :
<br />Right to Contest. Trustor may withhold payment of any tax, assessment, or claim in connection with a good faith dispute over the
<br />obligation to pay, so long as Lender's interest in the Property is not jeopardized. If a Ifen arises or is filed as e result of nonpayment,
<br />Trustor shali within fifteen (15) days after the lien erises or, if a lien is filed, within fifteen f15) days after Trustor has notice of the
<br />filing, secure the discharge of the lien, or if requested by Lender, deposit with Lender cash or a sufficient corporate surety bond or
<br />other security satisfactory to Lender in an amount sufficient to discharge the lien plus any costs and ettorneys' fees, or other charges
<br />that could accrue as a result of a foreclosure or sale under the tien. In any contest, Trustor ahall defend itself and Lender and shall
<br />satisfy any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additional abligee under any
<br />surety bond furnished in the contest proceedings.
<br />Evidence of Payment. Trustor shaii upon demand furnish to Lender satisfactory evidence of payment of the texes or assessments and
<br />shall authorize the appropriate governmental official to deliver to Lender at any time a written stetement of the taxes end asseasments
<br />against the Property.
<br />IVatice of Construction. Trustor shall notify Lender at least fifteen (15) deys before any work is commenced, any services ere
<br />furnished, or any materials are supplied to the Properry, if any mechanic's lien, materialmen's lien, or other lien could be asserted on
<br />accaunt of the work, services, or materials. Trustor will upon request of Lender furnish to Lender advance assurances satisfactory to
<br />Lender that Trustor can and will pay the cost of such improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a pert of this Deed of Trust.
<br />Maintenence of Insurance. Trustor shall procure and maintain policies of fire insurance with stendard extended coverage
<br />endorsements on a fair value basis for the full insurable value covering all Improvements on the Real Property in an amount sufficient
<br />to avoid application of any coinsurance clause, end with e standerd mortgagee clause in favor of Lender. Trustor shall also procure
<br />end maintein comprehensive general liability insurance in such coverage amounts as Lender may request with Trustee end Lender
<br />being named as additional insureds in such Ilability insurance policies. Additionally, Trustor shall maintain such other insurance,
<br />including but not limited to hazard, business interruption, and boiler insurance, as Lender may reasonably require. Policies shell be
<br />written in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or compenies reasonably
<br />acceptable to Lender. Trustor, upon request of Lender, wiil deliver to Lender from time to time the policies or certificetes of insurance
<br />in form satisfactory to Lender, including stipulations that coverages will not be canceiled or diminished without et least ten (10) days
<br />prior written notice to Lender. Each insurance policy also shall include an endorsement providing that coverage in favor of Lender wfll
<br />not be impaired in eny way by any act, omission or default of Trustor or any other person. Should the Real Property be located in an
<br />area designated by the Director of the Federel Emergency Manegement Agency as a special flood hazard erea, Trustor agrees to
<br />obtain and maintain Federal Flood Insurance, if available, for the full unpaid principel balance of the loan and any prior liens on the
<br />property securing the loan, up to the maximum policy limits set under the National Flood Insurance Program, or as otherwise required
<br />by Lender, and to maintain such insurance for the term of the loan.
<br />Application of Proceeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender may make proof of loss
<br />if Trustor fails to do so within fifteen (15i days of the casualty. Whether or not Lender's security is impaired, Lender may, at Lender's
<br />election, receive and retain the proceeds of any insurance and apply the proceeds to the reduction of the Indebtedness, payment of
<br />any Ifen affecting the Praperty, or the restoration and repair of the Property. If Lender elects to epply the proceeds to restoration and
<br />repair, Trustor shall repair or replece the damaged or destroyed Improvements in a manner satisfactory to Lender. Lender shall, upon
<br />satisfactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of repair or restoration if
<br />Trustor is not in default under this Deed of Trust. Any proceeds which have not been disbursed wlthin 180 days after their receipt
<br />end which Lender has not committed to the repair or restoration of the Property shall be used first to pay any emount owing to Lender
<br />under this Deed of Trust, then to pey accrued interest, end 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 Trustor as
<br />Trustor's interests mey appear.
<br />Trustor's Report on Insurance. Upon request of Lender, however not more than once a year, Trustor shall furnish to Lender a report
<br />on each existing policy of insurence showing: (11 the name of the insurer; (2) the risks insured; (3) the amount of the policy; (4)
<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. Trustor shall, upon request of Lender, have an independent appraiser setisfactory to Lender determine
<br />the cash value replacement cost of the Property.
<br />LENDER'S EXPENDITURES. If any action or proceeding is commenced that would materially effect 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 to Trustor's failure to
<br />discherge or pay when due any amounts Trustor is required to discharge or pay under this Deed of Trust or any Related Documents, Lender
<br />on Trustar's behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to
<br />discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any tfine levied or pleced on the Property and
<br />paying all costs for insuring, maintaining and preserving the Property. All such expenditures incurred or paid by Lender for such purposes
<br />wili then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Trustor. All
<br />such expenses wili become a part of the Indebtedness and, at Lender's option, will (A) be payable on demand; (B) be added to the
<br />balence of the Note and be apportioned among and be payabie with any installment peyments to become due during either (1) the term of
<br />any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a bai�oon payment which will be due end
<br />payable at the Note's maturity. The Deed of Trust also will secure payment of these amounts. Such right shall be in addition to all other
<br />rights and remedies to which Lender may be entitled upon Default.
<br />WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Deed of Trust:
<br />Title. Trustor werrants 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 Real Property description or in any title insurance policy, title report, or final
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