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DEED OF TRUST
<br />Loan No: 1012�44�295 (Continued) 2 0�.10 6 5 6 0 Page 3
<br />Payment. Trustor shall pay when due (and in all events prior to delinquency) all texes, speciel texes, assessments,
<br />charges (including weter and sewer), fines and impositions levied against or on account of the Property, and shall
<br />pay when due all cleims for work done on or for services rendered or meteriel furnished to the Property. Trustor
<br />shall maintain the Property free of all liens having priority over or equel to the interest of Lender under this Deed of
<br />Trust, except for the lien of texes and essessments not due and except as otherwise provided in this Deed of
<br />Trust.
<br />Right to Corrtest. Trustor may withhold payment of any tex, assessment, or claim in connection with a good faith
<br />dispute over the obligation to pay, so long as Lender's interest in the Property is not jeopardized. If a lien arises or
<br />is filed as a result of nonpayment, Trustor shell within fifteen (15) days efter the lien arises or, if a lien is filed,
<br />within fifteen (15) days efter Trustor has notice of the filing, secu�e the discharge of the lien, or if requested by
<br />Lender, deposit with Lender cesh or a sufficient corporate surety bond or other security satisfactory to Lender in an
<br />emount sufficient to discharge the lien plus any costs and attorneys' fees, or other cherges that could eccrue es a
<br />result of a foreclosure or sale under the lien. In any contest, Trustor shell defend itself and Lender and shell setisfy
<br />eny adverse Judgment before enforcement against the Property. Trustor shell name Lender es an additional obligee
<br />under eny surety bond furnished in the contest proceed(ngs.
<br />Evidence of Payment. Trustor shall upon demand furnish to Lender setiafactory evidence of payment of the taxes
<br />or assessments and shell authorize the eppropriete governmentel official to deliver to Lender et any time a written
<br />statement of the taxes and assessments ageinst the Property.
<br />Notice of Construction. Trustor shall notify Lender at least flfteen (15) days before any work is commenced, eny
<br />servlces are furnished, or any materiels are supplied to the Property, if any mechanic's lien, materialmen's lien, or
<br />other lien could be asserted on account of the work, aervices, or materiels. Trustor will upon request of Lender
<br />furnish to Lender advence essurences satisfactory to Lender that Trustor can end will pay the cost of such
<br />Improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property ere a part of this Deed of
<br />Trust.
<br />Maintenance of Insurance. Trustor shall procure and maintein policies of fire (nsurance with standard extended
<br />coverege endorsements on a fair value basis for the full insurable value covering ell Improvements on the Real
<br />Property in en amount sufficient to avoid application of any coinsurance clauae, and with a standard mortgagee
<br />clause in favor of Lender. Trustor shall also procure end maintain comprehensive general liebility insurance in such
<br />coverage amounts as Lender may request with Trustee and Lender being named as additional insureds in such
<br />liebility insurance policies. Additionelly, Trustor shall maintain such other insurance, including but not Iimlted to
<br />hazard, business interruption, and boiler insurance, as Lender may reasonably require. Policies shall be written in
<br />form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies
<br />reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender from time to time the
<br />policies or certificetes of insurance in form satisfactory to Lender, tncluding stipulations that coverages will not be
<br />cancelled or diminished without at least ten (70) days prior written notice to Lender. Each insurance poUcy elso
<br />shell include an endorsement providing thet coverage in favor of Lender will not be impaired in any way by eny act,
<br />omission or default of Trustor or any other person. Should the Real Property be loceted in an area designated by
<br />the Director of the Federal Emergency Management Agency es e specfal flood hazard area, Trustor egrees to obtain
<br />and mafntain Federal Flood Insurance, if available, for the full unpaid principal balance of the loan and eny prior
<br />liens on the property securing the loan, up to the maxlmum policy limits set under the Netional Flood Insurance
<br />Program, or as otherwise required by Lender, and to maintain such insurence for the term of the loen.
<br />Application of Proceeds. Trustor shall promptly notify Lender of any loss or demage to the Property. Lender mey
<br />make proof of loss if Trustor feils to do so within fifteen (15) days of the casualty. Whether or not Lender's
<br />security is impaired, Lender mey, et Lender's election, receive and retein the proceeds of eny insurance and epply
<br />the proceeds to the reduction of the Indebtedness, payment of eny 1(en affecting the Property, or the restoration
<br />and repair of the Property. If Lender elects to apply the proceeds to restoration end repair, Trustor shall repair or
<br />replace the demaged or destroyed Improvements in a manner satisfactory to Lender. Lender shall, upon
<br />setisfactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of
<br />repair or restoration if Trustor is not in default under this Deed of Trust. Any proceeds which have not been
<br />disbursed within 180 deys after their receipt and which Lender has not committed to the repeir or restoretion of
<br />the Property shell be used first to pay any amount owing to Lender under this peed of Trust, then to pey accrued
<br />interest, and the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds
<br />eny proceeds efter payment in full of the Indebtedness, such proceeds shall be paid to Trustor as Trustor's
<br />interests may appear.
<br />Compliance wkh Extsttng Indebtedness. During the period in which any Existing Indebtedness described below is
<br />in effect, compUance with the insurance provisions contained in the instrument evidencfng such Existing
<br />Indebtedness shell constitute compliance with the insurance provisions under this Deed of Trust, to the eMent
<br />compliance with the terms of this Deed of Trust would constitute a duplicetion of insurence requirement. If any
<br />proceeds from the insurance become payable on loss, the provisions in this Deed of Trust for dlvision of proceeds
<br />shell apply only to that portlon of the proceeds not payable to the holder of the Existing Indebtedness.
<br />Trustor's Report on Insurance. Upon request of Lender, however not more than once e year, Trustor shall furnish
<br />to Lender a report on each existing policy of insurance showing: (1) the name of the insurer; (2) the risks
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