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<br /> I . oa—o4i�997 DEED OF TRUSY 9�— �0��� P°�3 =
<br /> loen N� 450320 (Contlnued) ____ � ; =
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<br /> � to below,end excepl as otherwise provlded In tAls Deed of Trust. ' '
<br /> p�yh! Tp�onl�st. Trusta may w�thhold poymenl of�ny tex,ass�ssr►�nt,or ctalm Irs cani»cllon wilh a pood fallh dispula ovor Ilw obNp�Lbn I �
<br /> ta p�y,ao I�np u Lertd�a fnterest In th�Properly Is nol Joopardized. It a Il�n arlsos a Is fiNd aa�rault al nonp�yrn�nl,Trustor slwA withln `
<br /> BAeon (18)dtys ottw lTw lien arisos a.I}a Iian le fiied,withln Ifri�n(16I days anM rrusior nes nouco o�m.nu�,eacun ths dlschllrp�al thr �
<br /> I N1n,ar tl r�qu�stW by Undw,d�pos�1 wllh L�nda►cuh a a sufficlant cayaate suury bond a ottwr eeaurily�attxt�otory to Landw in an -
<br /> �mount euMtl�nt to dSSCturpe tM IiQn plus any cosb�nd �Itanoyn'iw�a othar charpa th41 coWd accrw n�nsult o1 a toncioeun or s�M I
<br /> � und�r tA�t'�n, in nny contest,Trusta shal detend ItsWf and Lendor ond slwll celisty eny adverse Judgment 4etaa onlacerr�nt apalnst tlw
<br /> propwry.Trusta shell name Lender u an�ddiUonal o6Ygee under any surery bonu turNsMxl In lt�comest procsadlr,�a, �
<br /> � Evklene�of Paym�nt. Trustor sh¢u upon demand twnish lo Lendar sntis/netay ovidonee of payment of tM taxes w assossrtwnts and a1wN
<br /> l tulhori�e the apgroprlato povernmenlal oflicfal to dsllver to Lender nt any tirne o w�(tlen stelemenl ol ttw taxes�nd assossmenb apnlnst Ilw
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<br /> Npqt,y pf Gon�tnkUon.Trusta ahau notify l.endw at kasl Meon(16)days b9fore eny wo�k k comrtwnad,sny s�rvic�f u�t�x�shod,cr N�Y , `
<br /> mntorlab an tupplled to ths Proporty, It any mochanlc's Wn, matorWm�►n's Ilon, w other Il�n coWd ba assarled on axaunt o1 thp�vock�
<br /> eorvlc�,or meterlals. Trustor wiU upon requa.1 of Lendar turnlSh to Lender advancs 4ssurances eatisfactaY to LsndK thtt Trustor cun ttnQ rJW
<br /> pay tlw tost of such ImprovAments.
<br /> PROPERTY DAIYtA(iE INSIlRAliCE.The loltawinp provislons relaUnp to Insudny Ihe Prop�ly are e parl of this Oeod of TrusR `
<br /> IA�t�nlnc�Ot InW►MCt. Yrusta shaU prpcuro and malnlaln pdfcles of flre Insuranca wllh stnndard exlendad coverapo endcxsemonts on p , �
<br /> replacament b�sis lor tha fuU InsurobN value covainq a1 Imprnva�ments on ttw RaU P►opwty In an amount suNideN to evdd appUCatlon d any ��; ,. .
<br /> cdnsartnco clause,pnd wlth e atnnd�rd mortQapea c4use in favor o}Lendar,topethe�wlth auch other twz4rd and Ilatoiuty Insurane�a+l.ondc+r
<br /> rney r�esorubly requke. Pdiclos stWl b�writlen In lam,�mounts,cover4pos tnd basks resronebty accsptabM to Under and RSSUOd by it ;• �
<br /> comoany d comptnies tMSOn�bly�ccePLhls to Lenda. T�ustor,upon rsquo..t a!Londar,w!U dsllvor to Lond�r hom tlme to tlrM thn poNC�ss ;
<br /> or c�iiflcstss o1 insurenCe In tam satisfactory to Lender. Includlrq stlpulaUons thet covanpas wW not 6a cancouad a d�rrdnl.�fwci w�`thni�t R! ,���. ;.��,�-.:.Y
<br /> Ieast ten(10)days'prla wdtten noUco to lander. Each tnsur4nce poNCy olso shall Indudo�n eadorsemenl provlGirp that cavaray�!n huor r.! � �,�. ,
<br /> Londer wlll not bo Impaired In any wty by any ict, omisslon or default of Trusta or any other person. ShaWd tha Real Prop6rty�t¢ny Umn �.:
<br /> bocomv iocaled in an orea deslCrusted by the Dkactor of the Federal EmerpencY Ma�apement Apenoy u a spec4J flood M1ard a�nn�Yn�,tor +I � ay�4�
<br /> eprses lo obWn ond malnlain Federel Flaod Insurance lor Uie full unqNd prtnGpal baiance of the loan,up to the me�dum pdiqr Ami:s st�t undtrt • . ,
<br /> Uw Natlonal Fload Insurance Propram,or es otherwise required by Lander.tnd to maint�n such lnsurorta+fa ltw lerm of Ihe loen. , ,,. �¢
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<br /> Apptic�Hon of prpceeds Tnnta shaN prompUy noUy LQnder af any loss or damape to the Pr Lendsr rrwy mak�proof al las9 i�Tn►�+�x ,�:.,�;: �_.`
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<br /> iWs to do so wtthln 6t0een(tS)days o(ttw casually. Whetfwr or not Land�a securlty i�Im d l�.onder may�at Its oialfon,rocvlw�nd rMls�n �� , ''��•'�
<br /> itw prxaeda of any fns�r.ce and�pPty the proc�s�to Ihe reduction of tlw IaQehiadne�paymant of any Nen tHeatirp 1Fw Ro�rty,w ttx� �'`•.:��'�r. � rt
<br /> , :� rostoratlon �nd repak of the Properly. If Lender otects ta tpPry tM proceads to rasloratlon and r�ak,Trustor sh�ll ropak a rep4►a tha ��+;,':;/,: �'::,}',
<br /> damtippd or dastroyrod Improvemonb In A mannx selistaclory to lsnder. Lender aluN, upon saUs}ati':�ry prod of auch e�Ynditura,ptY ur 7a;` ,. ,,i.,.;t':(
<br /> r�lmburta Trusta hom ttw proceads fu►tha nuonaba cost of ropair or rostoraUon H Tnnlov b not tn cietauit under thf3 D�d o17nx.t My � �� �` r
<br /> � prp�oYds whlah have not bqon dfsburaod withln 180 dGys al'�►lhel►r�aiPt and which LandYr has�ot commH:ed 10 thi rapak a rootorr.t4nn of � ,�� �`
<br /> ��y�sry�j�j,p�pN d t�p�oCipv batiinco ot IAe Ind�abtedness. If Le�hdds any pr�ocaods nRePpeymenl in fuH��o�4nde61adnets such �--� '�j .
<br /> :t,, Proceed�ah�M b�pdd to Trusta as Trustors�rnwasis may appear• --,;,. , `
<br /> lA►e�ke�7ln�unnce ef S�le. qny urw�lred insurance shUl inure to tho bene6t af.And pass to,tha purctieser ol tt�Prop�rty cownd by thls ' `
<br /> +.��i; Oeed of T�s�sl Rt any hustee's sele or otitar sate twld under the provls:on5 W th}s D6ed of Trust,a at any faeclesure sab of auch Propaty. �•�i�;�rc.:' � ,
<br /> �ay-:
<br /> . Canpinq with DdNlnp Ind�btedMS�. D�xinp tA�perlod In whlch any ExkUny Ind�btqdneas described bNow is In�H�ct,compNu'�with •:��,:, .t
<br /> ih�Insurana provfs:ose conttln�d in th�InsRum�nl�vkMncinp tuch F.xlstlnp IndebWln�ss sh�M conalftut�aompNmc�wUh th�ir�surana ,:a,:;., �
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<br /> provisla�s und�r tfia Deod�f Trust,to tFN wAant compli�na wllh tM brms of thf�Dpd d Trust woutd conatNuU�daPMe+Hon M lnwnnca ,�►�.,.�..
<br /> roqukomanl It any procoeds kom Ih�t�urance bacorsw payabM on loss�th�pro�islons In fNs Dead W Trust lor dhMton of procMde�tw9 `,,• ;s` . ����,
<br /> � �ppfy oirty to that porUOn o4 tt�proaeci�not p�y�bk to ttw hdder of ttN Existlrg IndebMdn�ss. . ,�:� r
<br /> DCPEliD17UHE9 BY LENGER. It Trusta taNS to compy with�ny provfslon of thls Dovd oi TNSt,Includirtp any obllseibn fo molnWn FadsUny •
<br /> ' Inde6lodr�in pood standlrw as roquired below.a if any acUOn a Pra�eedirq fs comrn9nced Ihat woutd matwtaUy ttroct lond�s interu�In th� .,;�i' ,:^,' , Y 1
<br /> PraQerly, Landor on TrustcP's behtlf rrwy,bui shsll not bo requlred to,talce any acUon that Lendar daems approprlete. My amount ttut LentMr �..
<br /> � expond� in ao ddnp wIq bae►intxast tt ltw rato providod far In ttw Crodit Aprwrtwnt kom tiw data incurtod a D�d by I.�ndar to th�d�i�d ,�•`� , i,• � �
<br /> �� repaym�nt by Trustor. AA such e�ns�s,at l.endera optbn,wi1 (a)be peyabb on demand, (b)bs added to ths baltrx:e ot ths cndfS NrN and be
<br /> n p p o r tl o n e d u e i a�p e n d b e p a y a b N w i t h�n y I n s t a t i rt w n t p t y m a n b t o b o c o rt w d u e d u r i r p athar p)the term of an y M pNcabN insunnce poYcy a (N) �� ,.� � ,- �-=-
<br /> :;�:; �� the remalnlrp 4erm of ttw Credit Aprcwrtwnt,a (o)ba treated as a balloon payment wtYCh wIN b�due and payabte at ttw Crodit 1 4 9reemon Ys
<br /> :;�d:�! maturity. �TT�A�d pf Trusi�tso wW s�cure payrtwnl of thes�tmounts. Tha dphts providod fa In this par�praAh slwll bo In additbn to 8ny ofFar �'�`�� �---
<br /> � iz ^��•:..
<br /> . ' '•� r{phte or arry r�mldied to wMch Lenda'may bo enUlkd on account of ttw defaulG Any such ac@on by l.ender shaA not ba cortstrued ns curinp ttw �.�,�,�__����--
<br /> detault so u to bv Lsndsr from�ny remody that it otherwis�wouid have had. ��''=� �-
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<br /> ?.f WARBMiTYi DEFEJISE OF 4171F.TM lollowlnp proWslu�s re4tlng to ownarshtp o1 the Frap�rty aro a part of thls DNd of Trust �;` • �"�°�;
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<br /> Title.Tnrata wrm�nts thah (a)Trustor hoids poo6 ond mulcetsble tltle of record to Iho Aroperty In ie9 slmRb.kse tnd dNr of aN Aens and ��� � '.,°'':"-"
<br /> `��1:�; erw�umbranaa olher thtn thoso sst t�rth in the Real Ropa►y descrdPNon sr in IM Exlstlnp Indebtedroess s�cUon ba�u a In any tlW Insurana •�;�:�z^.
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<br /> � po{icy,pUe ropprf,pr flnol tlUa opinbn issued in hvor af,nnd accaptod by,Lender In cannectlon with thfs[kod of Tnist,�nd (b)Trusl�r ha�ttw ,y,���`
<br /> " � full vdyht,Powa►,and aulhorlty to e�wcuta and daiivsr lhls Doid ot TruH la L6nder. .,.--
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<br /> ' Detonw o1TitN. SubJect to the excopUon In lhe parepraph above,Trusta warrants end vn11 forever defend tha tltic�to tlw Propedy�Ot�nst ttw �r
<br /> I�wtul clalms of eN pasons. In ttw avent any ac2on or(xoceedir►p fs commerwed ihat quesUOns Trustors 8iN or the Intorest of Tnutaa or , � ,�
<br /> : Lvndar undlr thM�Deed ot Trust,Tnqto�shafl dals�d tha ectlon at Trustor's e�ense. Trusfa may bo ths nominal paf9yln such proCe�dinp,but „ ', �i�,.
<br /> Lender stut be entitbd to puUClppte �n uw proceodlny u�d to kw reprosented Ir. ihe proceodiny by counsel of Lander's own chola,and ,:��.,;
<br /> Trusta wlY delivar,or ceusa to ho dNivsr�d,to Lender such InsVUmenis as Lender mny request hom tlme to tlme b permit such parUc�patbn. � �•��
<br /> compiana wim i..w,. Trustor warranb thet Uw Property and Trusta's us� of iha Proporly complla with a11 udsdnp�pplfcabb laws, '� ��`
<br /> prdlnmcas,tnd rapuiatlons ot powmrrwntat athoritlat.
<br /> = E�tISTINa INDEBTEDlIES9. TM toMOwinp provislons wcc�rnnp e�dsUnp IndebUdness(tho Fad9Ena Indobtodnass� an R Pert of thb D�d of
<br />- 7tu51.
<br /> E�dallnp Lten. TT�B�len of thfs Deed�1 Tr�st seCUrinp the Indebtadness may be seoondery and InfprJ¢r to 4n o�dstinp Ilen. Trustor e�resslY •
<br /> co�r�r�nts tnd apraos to pay,or aee to the paymertt d,tfw F�dstlrp IndebleQrwss nnd to pnvent any defautt on such fndebtedness,eny defautl
<br /> under the InsWments eNdandno suCh indebtedne�,or any defeult under any tecu�ily documens fa such Indebtadrwu. �
<br /> No Maditfc�tfon. Tnesla shaN not enter Into�ny apre�osnent with the holdw ol any matpepo.deed of trust,a olher secur[ty a0reoment w1Ach
<br /> h4s pdoriry ovor Ihfs Deed of Trust by wldch ttat eyreerrwnt is modiP,ad,amended.extended,a ronewed withaut the pria w�itlen Consent cf
<br /> Lender. Trusta shall nsither reqwsl nor accept anp future advarx�s undor any suCh security epreement without ttw prior wrflten consont of
<br /> lendx.
<br /> _ . CONDEMNATION. The toilowinp provfslons relnUnp to condemnalion proceedlnps ue a put oi lhis Deed ot Tr�sL l
<br /> Appliution of Net ProCeodl. �f eil or e�Y Dart of the Properly fs condemned by eminent domaln proceedinys a by any proceeWnp or ` �-----—�
<br /> purchn:,a In lieu of condorrs��adon,Londer mey et its daclbn require that all or any porlfon o!tla nst proceeds of the award be appl!ed to Ihe I
<br />-. Indebfedness ar the repalr or resta48on of the Propaty. The net proceeda o!tl�e swerd shall mean the award after payment ot all reasonabte I
<br /> cosb,exponses,and eftorneys'tees lncum�d by Trusiee a Lender In connecUon with Ihe condemrbUon.
<br /> ProceeQMps. If gny proceedinp In condomnallon b filed,Tnntor shall promptty noGty Londer In wrilinp,and Trustor shall promptly tako such
<br /> ctops�s riuy be neces�ary lo detend tho acaon and obteln the eward. Trusta may be the nominat parfy In duch proceedlr►y,but Lender shaN �
<br />— be en�L�ed to peAicipat�In the procaecNnp and to Uo represented In the procwdinp by counsel of lb own chdce.�nd Trusta wW deNver a �
<br /> cause lo be dolivered to Lender such InstrumeMs ea may be requosted by il hom dme to Ume to permit such parlk�paHon. ;
<br /> IMPO&lTION OF TAxES.FEES AHD C11AiiGES BY GOYEANMENTAL AUTMORITIE3. The lollowlrp provlsfGns relatinp to yowmmental t�xes, �
<br /> - feos end chnrpes are a purt ot thls Oead of Trust:
<br /> C1iiiMt TIMO�,FNa�nd Ch�rpe�. Upon roquesl by Lender,Trusta shall execuLe such 4ncumenb In addillon to thh Deed af Trust and take
<br /> _ whatover olher acUon Is rec�uested by Lender lo pedec!and conunue Lender'611en on the Roel Property. Trusta shaN relmburas Lsnder lor�II ,
<br /> taxel,es described below, topelher with all expenses InCUrted in recordinp,perteCU�y or conllnuinp thls Deed af T�ust, Inctudinp without �
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