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2Q1108760
<br />DEED OF TRUST
<br />Loan No: 101245912 (COntillued) Page 3
<br />such law, ordinance, or regulation and withhold compliance during any proceeding, including appropriate appeals,
<br />so long as Trustor has notifled Lender in writfng prfor to doing so and so long as, in Lenders sole opinion, Lenders
<br />interests in the Property are not Jeopardized. Lender may require Tn.istor to post adequate security or a surety
<br />bond, reasonably saUsfactory to Lender, to protect LendePs interest.
<br />Duty to Protect. Trustor agrees nefther to abandon or leave unattended the Properly. Trustor shall do all other
<br />acts, in addiUon to those acts set forth above in this section, which from the character and use of the Properly are
<br />reasonably necessary to protect and preserve the Properly.
<br />TAXES AND UENS. The following provisions relatlng to the taxes and liens on the Property are part of this Deed of
<br />Trust:
<br />Paym�nt Trustor shall pay when due (and in all events prior to delinquency) all taxes, special taxes, assessments,
<br />charges (including water and sewer), flnes and imposfUons levied against or on account of the Properly, and shall
<br />pay when due all clalms for work done on or for services rendered or material fumished to the Properly. Trustor
<br />shall maintain the Properly free of all liens having priority over or equal to the interest of Lender under this Deed of
<br />Trust, except for the Ilen of taxes and assessments not due and except as othervvise provlded in this Deed of
<br />Trust.
<br />Right to Contes� Trustor may withhold payment of any tax, assessment, or claim in connection with a good fafth
<br />dispute over the obligatlon to pay, so long as Lenders Interest in the Property is not jeopardized. If a lien arises or
<br />is filed as a result of nonpayment, Trustor shall wfthin fifteen (15) days after the lien arfses or, if e t(en is flled,
<br />within ftfteen (15) days after Trustor has notice of the flling, secure the discharge of the lien, or if requested by
<br />Lender, deposft with Lender cash or a sufficlent corporate surety bond or other security satisfactory to Lender in an
<br />amount sufficient to discharge the Uen plus any costs and attomeys' fees, or other charges that could accrue as a
<br />result of a foreclosure or sale under the Ilen. In any contest, Trustor shall defend itself and Lender and shall satisfy
<br />any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additlonal obligee
<br />under any surety bond fumished in the contest proceedings.
<br />Evidence of Payment. Trustor shall upon demand fumish to Lender satisfactory evidence of payment of the taxes
<br />or assessments and shall authorize the appropriate govemmental oificial to deliver to Lender at any time a written
<br />statement of the taxes and assessments against the Property.
<br />Notice of Construction. Trustor shall notify Lender at least flfteen (15) days before any work is commenced, any
<br />services are fumished, or any materials are supplied to the Properly, if any mechanic's lien, materialmen's lien, or
<br />other lien could be asserted on acxount of the work, servfces, or materiats. Trustor will upon request of Lertder
<br />fumish to Lender advance assurances satisfactory to Lender that Trustor can and wfll pay the cost of such
<br />improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relaUng to insuring the Property are a part of this Deed of
<br />Trust.
<br />Maintenance of Insurance. Trustor shall procure and maintain policies of fire insurence with standard extended
<br />coverage endorsements on a fair value basis for the full insurable value covering all Improvements on the Real
<br />Properly in an amount suffic(ent to avoid application of any coinsurance clause, and with a standard mortgagee
<br />clause in favor of Lender. Trustor shall also procure and maintain comprehensive general tiability insurance in such
<br />coverage amounts as Lender may request with Trustee and Lender being named as addiUonal insureds in such
<br />liability insurance policies. Additfonelly, Trustor shall mafntain such other insurance, fncluding but not OmRed 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 acxeptable to Lender and issued by a c�mpany or compenies
<br />reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender from time to time the
<br />policies or certfficates of insurance in form satisfactory to Lender, including stipulatlons that covarages wfll not be
<br />cancelled or diminished without at least ten (10) days prior written notice to Lender. Each insurance poflcy also
<br />shall include an endorsement providing that coverage in favor of Lender will not be impaired In any way by any act,
<br />omissfon or default of Trustor or any other person. Should the Real Properly be located in an area designated by
<br />the Director of the Federel Emergency Management Agency as a special flood hazard area, Trustor agrees to obtain
<br />and maintaln Federal Flood Insurance, (f available, for the full unpaid p�incipal balance of the loan and any prior
<br />Ifens on the property securing the loan, up to the maximum policy Iimits set under the National Flood Insurence
<br />Program, or as otherwise required by Lender, and to maintain such insurance for the term of the loan.
<br />Application of Proceeds. Trustor shall prompUy notify Lender of any loss or damage to the Property. Le�er may
<br />make proof of loss if Trustor fa(Is to do so within flfteen (15) days of the casualty. Whether or not Lender's
<br />security is fmpaired, Lender may, at Lender's election, receNe and retain the proceeds of any insurance and apply
<br />the proceeds to the reduction of the Indebtedness, payment of any Uen affecting the Property, or the restoration
<br />and repair of the Property. If Lender elects to apply the proceeds to restoration and repair, Trustor shall repair or
<br />replace the damaged or destroyed Improvements in a manner satlsfactory to Lender. Lender shall, upon
<br />satisfactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of
<br />repair or restoratfon if Trustor is not in default under this Deed of Trust. Any pra�eds which have not been
<br />disbursed within 180 days after their receipt and which Lender has not committed to the repair or restoration of
<br />the Properly shall be used flrst to pay any amount owfng to Lender under thfs Deed of Trust, then to pay accrued
<br />interest, and the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds
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