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<br /> � � � 08-06-1997 DEED OF TRUST P� � ��'"'� ---
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<br /> Loen No 631749 (CoMinued) 97� 1�8 r� � � ;��+=.
<br /> - — ! . . .
<br /> Rlpht To Contal. Tructa rrNy wHhhold paym�nt of any tax,atastm�nt,a cl�lm In conn�cdon wllh�qood hith dtpule owr th�obAO�Uon ,
<br /> to pay,w brq a L�ndws int�ral In tM Wapnry b not J�apudn�d. If a II�n arisa or k fff�d as a result of nonpayrnint,Trwla th�N wNhln
<br /> MINn(16)d�y�alta ih�M�n uisM a.Y a M�n k N�d,wllhfn AMan(16)dari aMar Trusta hes nofic�of tlw fliinp,acu��ttw dactwp�d tM
<br /> INn,a M rpuabd by L�nd�r,d�posll with LmWr cash a a tuffi�nl corporat�wrary bond or athK s�curilY utfsiactory to Ur►d�r In an
<br /> amount suMcNnf to dfsoharp�ftN Ibn plus�ny cosb and attorrNya'bas or otM►charQes ttu�t could�ccrw aa a nsull of a fonclosun or uN „
<br /> undw th�IMn. In iny contat,Tnxtor th�N d�Nnd ilaM and Und�r and sh�i satlsly any adwra JudprtNnt bNon�n(oroWrNrd�pdnsl tM
<br /> � Prop�rly. Trusta shaN narM I.endor u�n addlllornl obNpM under any aunty bond furnished in ths contsst procNdirps. . ;
<br /> I Bvld�nc�of P�ym�nt. Trusta shtM upon d�m�nd furnbh to UndK satlsfactory�vlcMna of Myrrwnt of ftw Mxa a ws�umo+its and ci�ll
<br /> 1 authorin�th��ppropri�M powmm�ntal oMdal to dNiwr to LondK tt any drn�a wrfttan�tat�m�nt of th�tocw and ass�ssm�nit�0�^st tM . _;���,,
<br /> .. � �►�Y .. �;.
<br /> � r � Not{c�of Co��tructbn. Tnntor sh�N nottN Und�r at Iwtt NItNn(16)Wys Wfon any work b commancod.a�y sKVioe��n fumNh�d�or a�y . .. _..
<br /> n�
<br /> ' ma1�i�Js ar� suppliod to the Propwty,11 any mecluinb's It�n,materfalnwn'a Nan. a other Ilon could M asseri�d on�ccouM W tM w�lc, ! -:.•�,;�:�:,�;;`-.
<br /> ; prvlcq,or matarlab. Ttutfor wiM upon nquast of L�nd�r furnlsh to UntNt advancw�ssunricas sol�st�ctory to 4ender that Tn�stor can�nd wil i �,��' �
<br /> � pay tM cost of tuch Improwrtwnts. :• '_
<br /> PROPERTY DAMA(iE INSURANCE. Ttw fdlowinp provisions rolaNnp ta Insudrp the Property tre�parl ar thfs Deed ot Trust. ,. .;��;,�_-� - --
<br /> Irl�int�n�nc�of Insur��. Trustor shaY prawa and malntaln policks of Iln Insuranco w8h afanzlard��ndad covKap��ndcvasmenb en� ��'.�};�;�,�=
<br /> raplaartwnl baab fa tl»(WI InsurabN vdu�covarinp aW Improwrrwnts on ltN Rsel Prop�rty in an amouM�uMcl�nt to avdd appNcaUOn of any �:r;::_
<br /> cdnstx�na ciaus�,and wNh a stand�rd morlpapN claus�fn hvw of l.�ndar. Truttor stwll Wo procun�nd rtuintain compntNrniw p�n�r�l
<br /> IkbAfty Insur�nc�In such aovarapa�mounts te Land�r mty nquat with IrustM�nd Und�r b�inp n�m�d as addidonN insuntb In such II�WWy ���'
<br /> Insurana policlas. AddiUOnaNy,Trustor�hall maintain tuch otMr ir�unna,indudnp but not Amitad to harard,busln�t InMrtupibn�and ..,,.::
<br /> boil�r insunna��s LmdK rtwY nuon�by nquko. Pdfcf�s th�N b�writMn in form��mounb�cownp�s and ba�is naion�blY�cc�PtabM b � � �• :_.
<br /> � l.a�dK and Issu�d by t company a companIK naon�bty aco�pt�bM W I.�ndr. Tructa,upon n4uKt d L�ndK,wIN dNiwr to l�nd�r kom �
<br /> aco p
<br /> drrM to tlrrw tt�poNciK a owUllcal�d{naunnoa in form sa�ctiatory to Lsndor,includnp ad�ulatlo+»tixl covenp�wMl nol be qnaMd a
<br /> dminbh�d without�t Nat Nn(10)d�Ys�Pr1a wrltMn noiVo�to L�nda. E�ch Ir�urana P�Y�sh�N I�cNb�an�ndo�nf proU�lnp IM�
<br /> cownp�in favar of Untiw wIN nd b�kr�pak�d In�ny way by�ny�ct�orr�Nabn¢x d�Mult tM Trusfor d�ny olh�r pMSOn. 3haAd ih�iiNl
<br /> Propetty at any tlm�b�conw IocaNd in�n�M desl�rxbd by th�Qk�c1a of Ih�F�du�l ErrwrQ�nay Man�p�rnsnt Ap�ncY a��p�Cw I�od �'
<br /> • ' huard�,Trusta�aprws to obtaln and msinb�i�F�dwti Flood Iruunna tor tM(W unpaid prir�k►N bal�na of th�loan,up to llN rtwdmum �:+!';:,,-
<br /> ��" �`��'� � h�Iwn���undK ih�NaHor�l Flood Insunno�Propr�m,a�s aih�rwia rputnd by Under,nnd b mUntWn such intunnce"fa ih�Mrm d :.�:s�::
<br /> •,lr..�:�:;�;':� ' �t'
<br /> •�.:(... . AppNC�tlon Of Pt�s. Tnittor sh�M PromP1N noti(y Und�t o(any loss ot d�mape to tM Pro�rfy. l.�M�r may m�k�proof W bN Y Truttu .o....
<br /> hYS fo do w wilhln nlM�n(16)daya of th�casw1ty. Wh�lhK or not l.�ndor't socu�ty Is ImFak�d,L�ntNr rrwy,at ib N�cUon,ncsiw�nd ntain ' ��.
<br /> '�,:�`�5:•�,'•':�. t h�p r o c�e d t of an y Insurana and a p p y ttN procoads to tFw nductlon of IM Indobtednexs,Payrtwnt of any iiwi a(hatlnp th�Prop�rty,or tho r:.,__.�
<br /> ''.��� •, ntto�tbn�nd rapak d th�Propety. �f L�ndar M�cb to apph�iha proCaads io rqtaaUon and rapak,Trustor shaN npak or n(�C�lhe •, ,���
<br /> ,',_'.,�, : damaq�d a d�slrayrd Impro+rem�nb In a mnnn�r atlsi�ctory to Und�r. UndK shaY�uPOn aatbhctory proot W wch��cAiun�p�Y a .r�._�...�_
<br /> � ��, ' � wimburs�Tnntor hom IM proceed�fa lh�rMSOnabN cost of ropak or nstoradon M Trusfor Is rat In dNault und�r this D�ad d Tn�t. My ;�"�;; -
<br /> .-,.,,, � ..,,.,-•-.
<br /> ' ���� procwds which hav�e nat bwn disbixs�d within 180 days�tfa their rodlpt and which L�nd�r tua not commitl�d 1a tM np�r or ronlonUon a �+---
<br /> y-- :�...°�,3".II9«o Lr..�i!!sS!!e 'S.aY°-n'!wmn��n!ewlr�o to UntMv untL►thFs[)aed of TnKt.then b ptY�Cal�c!inlYriet.11nd 1h�nm�indK.N -..-:""
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<br /> '�` �ny.sha�b��ppNed to th�princ�pd bWno�ol the Indibt�dn�ss. It L�ndrr hdds ony proo�ads afl�r paym�nl in tuN of ths IndebtadtN�,such _W.� •
<br /> praoMds=haN D�pald to Trusior a Trtqtor's Inl�nsb nxy appNr. —�.
<br /> Q�iad�Of�rust at�an'y•trustN�b eal�a OtMr saNlhNd undlr M'ptOVI5lonf ofbthb�DNd��of Trus�t,a at ltny fonClOStx�sW of�h Prt�pMty.r t� ���,---
<br /> ' Compll�r�a wlth DdNinp IMNbt�dMM. Dudnp th�prriod In whbh any Exlstlnp IndabMdr�d�crib�d bNow ft In Ml�ct,compN�no�wkh �
<br /> tM Ineunna provl�lorK conhln�d In th�Irutrum�nt wid�ndnp tuah Exktinp Ind�bt�dnas�hall constltul�compMtna wRh 1M inwnna
<br /> }, prONtlorn und�r tlAs ONd of Trust,to ttw�xNnt CompN�na wHh th�Mrms of thi�DMd of Tnnt would caaYtub o d�1b►►af kKUnna
<br /> �. rpulnrtNnf. If�ny prooNds kom th�knurnno�MICOm�WribM on lots�ttN P�ovklont In Ihit DNd d Tr1Ml lor o(prooMdt�hal Y
<br /> . appy or�ly to that portlon of tM proc.wdt not p�y�bl�to th�hold�t of Ihr Exitqrp IndWUCnNa. :�
<br /> .� Trutta's R�port on In�IxM1a. UP�nQuMl of L�ndM�hoMr�wr nW man than ona�yMr�Trutta sh�N Itxr�ith to I.�rida a nporl on Mch � -
<br /> s�SUrq PoNCY of insur�na�hourinC: p)tM n�rrN W tM k�sunr; (b)Itw rbks Irnund: (o)ttN amount of Ih�poMay� (d)�M pra►�N in�iwd�
<br /> tlw tMn axnnt rMl�o�rtNnt valw of tuah Pra�putY�and 1M mann�r of d�MrmlNnp fh�t wltN��nd (��ttN�k�lbn d�M�of tfN powoy.
<br /> ... Trustor stNM,upon nqwst of L�nMr,h�w an ind�p�ndmt�ppral�r ulf�hclory to L�d�r dMKmlrr tM ash wiw npMartNnl cat of th�
<br /> Prop�rty.
<br /> - D(PEND�1l1FiE!�Y LENDER. If Truata t�N�to comPM� ��Y P��o^of Ihla OMd d Tnst�k�d��0�nY obNpaYon b mWiMln E�dtWq
<br /> - IntMbNdr�s k1 pood tt�ndlnp a r'Wuind bMow�or R��Y acllon orp��y�I�q i�ootnelMrqKl lhat wOt�ld rtw1MwMY�N�ct LM�d��ki1MMk{n 1FM
<br /> ,, F►ap�rh��L�rxMr on Trustors bNNlf rtNy�but shM no!b�h4t�►W b�,Wc��t►Y�cllon Ihat LMxMr d�Mn��PDropMN. MY�nWlx►t Nyt LM�dM
<br /> T�M�uch���t I.�ndwi optlonnwlN (a��Y+�►M cn d�n�nd, ro�add�d to fh�«b�i�na�!h�NoM�nd b��PPaMo�d�maq
<br /> and b�payabN wNh�nY IrK1�Mn�r�t paYm�nb to Gcom�dw dudnp MN� (I)Ih�Mrm of�nY�PP��Intunna paMoy a (M)Ih�r�Mnnkdnp IKm _
<br /> `. of Ih�Nob,ar (o)b�OyaUd a a bdloon paymmt whlch wMl M dw and payhbN at M+�NoM'�m�turily. TM�OMd at Tnxt�No wIM s�aun _-
<br /> . paye t of thw�mounb.Th�riphb provid�d far In tNt panpnph�h�M b�In additlon ta Rny dhK rlphb or��r nn�N�t b whlch L�may b� _
<br />_ �ntl�d pn axount o1 th�dN�ult. My wch�ctlon by UndK�hsM not M aantrwd as curinp ttN dMault so�fo bar L�ndK from any nm�dy thtl r:�
<br /> _" ft otMrwia would haw had. E:,.,,�,.
<br /> WARRANTY;DEFENSE OF TI?LE. TM foUOwinp provislons rNatlnp to owMrship of ths PropMty�n�part of thb Da�d d Trutf. _ -_
<br />• Tiq�. Tnptor wuranffi thai: (�)Trustor hold!qood�nd m�rk�tabw tlIN of rocad to tM Prop�ty in 1N Wnpw,IrN and d�u of dl A�ns�nd
<br /> " �ncumbnnoos othw than thos�s�t torfh In tIN Fle�l Propwty d�scrlpdon ot In!h�Exlstlnp Indabbdn�ss s�cHon bMow or In any Mtl�kaunn0l t,���v'
<br /> . ��M po�vv�,and aulhafy to��x�cut�a d�dNWK thfs DNd�of Tnutto�londar.In conn�cdon with this OMd of Trust,and (b)Truttor fw tM ,� :r�
<br /> 1 �IS4:
<br /> Wt�nN of Tflk. SubJ�ct to th��xc�ptlon 1�th�parapnph abow,Trustor wuranb�nd wiM fonvw dN�nd ths Utw to th�Propwty�ptinat tM . t.��.�4 ���;�,
<br /> kwful dalms ot�M pKSOra. In th��wnt any�ctlon or proCaKllrp k COmfrNnad lhat quutlo�u Trustofs tl1N or th�InMrMt W tirutlN Or �t�b;u , �tiw.'
<br /> i UndK und�r thb DMd o}Trust,Trusta ahaN deNnd th�actlon at Trustot's w�rr,�. Trtntor rryy b�th�nOrtMtMI puty In suCh prooMdnp,bul ��y� ,,. • ;�
<br /> L�nda shtN b��nHtMd to particlp�b In tFN procosdinp and to b�npras�ntsd in ttN procMdinp by cour►sN of L�nd�t own chob�,and r°C., !
<br /> Trusta wiY dellver,or cause to be deNwrod,to Lender euch Iristrurrwnb�s L�ndor rrwy nquest hom tlme to HrrN to parmlt auch p�rticlpttlon. �:,��;� � .
<br /> CpmpN�nei Wlth Lawa. Truata wart�nts that th� Prop�rty and Trustort us� of ttN PropKty compWs wflh aN�Stlrp�ppNc�bM kvv�, ���w`,:�
<br /> . adln�ncM,and npukdons of powrnm�ntal tuthorlria. -�
<br /> EXISTINQ INDEHTEDNESS. TM totlowinp provfslons concernlnp exisUnp IndeblWness(tM'�dsdnp Indebbdrwss��n a puf of thi�OMd of '�,•
<br />- • Trust. ..
<br /> ' pdtqn�LIKf. Tho N�n o(th�s DNd d Truat Nourirp tM Ind�bt�dn�ss m�y b�s�conduy�nd iniarior to an udstlrp Ii�n. Truttor�xpnstty
<br /> - _.... .. cov�n�nb and apn�s to p�y,or sM to th�payrrNnt of,tM F.�dsqrq Ind�bt�dn�ss and to provant any dNault on tuch Ind�bl�dn�ts,my dWault
<br />_ _. , .- - �
<br /> � undK th�InstrurrNnb�Ntkndnp�uCh IndabiWn�.ss.or tny Wtaun unO�r any e�cumy axum�na ror sucn ino�ocwn�ss. _. �..—..—_._._
<br /> • Whult. If t1u p�ym�nt of�ny Irutallmw►t of prlr�dpal ar�ny InbrKt on fFw E�dstlnp Ind�btsdnKS k not nrd�witMn tM tlm�nqulnd by tM
<br />- • not�wfd�ncinp auch Ind�bt�dr�u,or thouid a dolauH oocur und�r th�inttrument t�ouAnp�uch IndrbMdnoss and not b�cund durinq any
<br />- �ppucabb pnc»p�iod th�rNn,thm,al ths optlan of UndK,tM Ind�bMdness wcund by thb D�W ot Tnnt thaN b�com�ImrtNdi�lNy dw
<br /> _ and payabM,�nd thb Daad of Trust s1uM b�in d�hult. �
<br /> - ' � � Mo Moditication. Trustor�hell nol�ntK into tny�prssrt»M with the hdder of any mortyape,deed of Mnt,a othK s�curMy tyr�sm�nt wh{ch I
<br />� haa prlority ovK this Oe�d of Trust by wh{ch Ihtl�pr�nt b modHkd,amindad,extandQd,a nnowsd without tM pria wrtttea corqeM of '
<br /> I.ender. Trusta shaN nelth�r roquest na�coept eny futurs advances undsr�ny such sectxity t�amenl without tM pda wrfltan cor►s��t oi
<br />� l�nd�r. � , �
<br /> . CONDEMNATION. Tho fdlowinp provlslons reiating to condemnalion proceedlnqs ere a pert of this Osed of Trust. ��
<br /> � Applic�tton of Net Proceeds. If all a any part oi the Property Is condemned by eminent domaln proceedtnps or by�ny proceedfnp a
<br /> putch�se In ileu of eondemnation,Lendar mey at Its elecHon requlre that all or any portion of the net proceeds of the award be applkd to ttw
<br /> Indebtedness or the repalr or restoratton of the Property. The net prxeeds ot the award shall mean the ew�ud afl�r,p�ment of�II rs�sonabN
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