|
. . �
<br /> , -»� ;
<br /> , .
<br /> i .
<br /> ; � . oa=o�—,sa� DEEp�F TRUST 97_1U6441 Pa�3 .. .. .
<br /> Loan No 629735 (�onUnued) �
<br /> ` Inl�nsl ol Lmda und�r Ihif D�f of Trust,�xapt fcx tha IMn ot IaxN�nA a�sossmxnU not du�uid oxcepl as othwwls�provldad In thl�Owd � • _-
<br /> ' of Trusl. • "`Z
<br /> � qlqht To Cot►t�at. Trwta may wlthhald payrrNnt ol�ny tux,ats�samnnt,or clalm In conn«:tlon wilh�qood 1411h dlsput�owr Ih�obup�tl�n e
<br /> � lo P�Y,to lonp�:L�ndlrs Inl�Ytt In lh�Properfy If nat JlwparrFasd. If a Ilm u1sM a b M�d a a naWt of nonpayrrMnl,Trutta sh�N w�Ihin —
<br /> i flltNn(16)d�y�aft�r th�INn�rlws a,N�Ii�n h RMd,wRhln Q11Nn (16)d�1yi�nM Trutta ha�nOtiC�of lM IINnQ.t�cun th�dKc►wW d tM .
<br /> � IWn,a ff raqwst�d by L�nda,depos�f wNh L�nder cash or 4 wM6cMnt corpa�tr rontY bond a olhw acurily Ntl�iactory to l.Andlr In an
<br /> amouM suiflclent lo discharpe Ihe Ilen plus�ny costa�nd eltarneyL'feas a othar clurprs lhat could�ccrw a a rwWt of a tor�dosun a aM
<br /> undor Ih�Ilan. In any contost,Trusta shwu defend Itsoi�end Londer and NwA aatisry any odvorso Judpmant bafore enfacemont a�eU�s11M
<br /> � Prop�rty. Trustor sh�A ruun�Undet n an RddlNan�11 obllpee under any sursty bond furnlsFwd In tha cont�at prawdlrp�.
<br /> � Evld�nc�of P�ymen�le pov�menl�l�oN Isd tondeluvfx to Lender�at anty la�wden statement ol the texes a d assessmertnis apalnst tha � ; •
<br /> J euthorin the app op � '
<br /> 9 Property.
<br /> i NotIG of Constructlon. Trustor shaN natlty Lender ot laast fiHpan(16)days befora any work Is commenced,any servlcns ar�fu►dshed�a�^Y �
<br /> + materials are supplled to the Property, II any mechanlds Nen,materfelmen's Ilen, a other Uen could be asse►tsd on�ccounl of th�wak,
<br /> servkws,or materials. Trustot will upon requost of Lendar furnish lo Lender advanco usurancas sstlalactory to LendK tF►it Tn+sta can and w{N :
<br /> pay the cost of such Improvaments. ' "';��::`'•• ,�'-
<br /> _.•,<%�Ir�,�.L�;.�;
<br /> � PRCIPEATY DANIl1GE IN3l�iANCE.Ta►a tolbwinp provLsbns reletinpb lrourinp the Pro1�r1Y us�Ra�a 1h►s Deed of Trust. ,,.��Y'�;�►,�••-
<br /> N1Atnbnance of Insur�. Tnista�h�N p�acure��d mokdain yoRciw d 1fn kuunna wlTh st�nci�rd pcMntMd carrr+G��ndaNrnmi+on� -
<br /> ' replacamenl basis for Ihe fuN insurable vuue coverinp aM Improwmenb on tM R�al aopKN U tn amouM suMk�nt fo avoiG appMCation or u�Y
<br /> u
<br /> 1 coinsurenCS cfauso,and with a atandArd mnrtpapee Ciaus�in fAVa of L�nder,topstMr wHh auch otMx hewd and I4�bMHY Inaun"c�a L�nd� •,•r�_
<br /> � may roasanably requko. Polk�las shaN be wrlflan In form,amounts,covonpK�nd bas�s rMSO�WY QocsP��to L.�nd�r and issuW by a , -
<br /> �i compeny a aompanta�rwsonably acceptabW to Lander, Trusla,upon nqu�t of Ur►d�r,wW dNivK to L�nd�r kom Nrrr to tlm�1M paYCNs
<br /> � or owtlNcatat of Insunnc�In form saNS(aciory to I.tndar,{naluNnp �NPulaUons tFwt cavwa�u wtq not b��anceHed a d�minkh�d wM►wut al
<br /> iwst N�n(101 daYs�PNa wriK�n nada to L�ndsr. E1Ch Irrourana poloy�bo�tuN Includ�an�ndon�rrwnt provldinp tl►�1 cowr�In kvor of
<br /> � L�ndK wiN not W Imp�k�d In�ny w�y by any aat.ort�illlon a d�hu1101 Truttor or�ny dhM p�rson. Should tl»FNaI Pro�tN at�n,�YrrN '
<br /> b�cpm�loc�bd In�n 1rN d�Wn�lad by th�Olr�cta of Ih�FMaal Emsrp�ncy M�n�p�rtNnt A(rncy a a W�clu�ood ha�rd u�� "u�ta
<br /> u�th�N�tlon�l Flood Inwnnw Pr�opn�m,a w olhwwh���rd by LM�,�a d o m�inlaln tuohanlur�ana la IM Mrmm olphi�MnnMb�N
<br /> � M PtOCNd�. Ttut�or�MiN OrompHy noINY L�ndK d�ny lou o�t dun�W b tM PropKty. L�nd�r may mak�fNOOI W IoM M Tr1N�a
<br /> h lo do w wllhln MINn(16)d�Y�of Ih�C�tw�N. WhNMr a nol L�ndw'�McurilY K Imp�k�d�L«+d�r may,N Ns M�cMOn,noMw a►d� -':`
<br /> Ihi procMd�ol�ny IMix�na�nd�pply Ihe P��lo th� nducqon o11M Ind�bNdnM��WY�M ol My INn�N�CIinQ Ih�ROpMty
<br /> � • rwta�tlon�nd np�k of Ih�Prop�ty. I�L�ncler �McW to�ODM �h�prooNd�!o rNtGnUon�nd r�p�k�Tru�ta ttwr nP�l►a r�1�or th� ,;�,-�–
<br /> darrnp�d a dMkoyiM Improwm�nh In�ml►nner latbhct�y lo UndM. L�ndw�hafl�uPon latltl�ctory pr0of Of�uCh�xplrldilur��WY o► +�
<br /> ' rNmbun�Truttor kom Ih�prx�d�1cK fhu r�aton�bN cat d n�lr a rMta�Mon N Tru�fa k nd In dNaull undrr thk D»d of Tn�t. Any � r•�;
<br /> :��_.::
<br /> � procNd�whlCh Mw not bs�n disburt�d wilhln 180 day��MK IhMr r�lpl�nd wlwcA L�nd�r hu not commiHb to th�nqalr a naloratlon o1 ,j,:'% _�+�=.
<br /> ly�prop�rty 41ud1 b�uad Ilnl to p�y any�maunt owlnp lo L�ndu und�r lhh D»d M Trutt,th�n to pay acawd Inter�tt,md Ih�nrtwkWu.M ,.;,.;.
<br /> anY�th�M b�appMW to iM pnnqpai o�i�rw�oi iha ini,w`+i�drs:». !!L:r.s�hds�er.y pier.�eia.N�r oayrtwnt In fuM d thr Ind�bMdr��tuch _ :.,.,,ii,�''-'-:�.
<br /> �� 5
<br /> procMdi shaN bs p�ld lo Trutta u TrUStor's Iniwosta rtuY�PPM►• ,ar—
<br /> Uns�lnd Inwr�N Sale. Any unpxpired Insunnd ehaN inur�fo lM 1»n�At of,�nd►uss to,tM ptxCh4s�v of the PropMtY Cowr�d bY�hb -��,�a=
<br /> D�d of Truct�t�ny I r us tes's u W o r o t h e r e a W h a ld und�r th�provialons of lhis DNd of Trust,a at�ny ta�closur�saM of such Prop�rb. „�
<br /> D(PENDITURES 9V LEMDER• �i Trustor falis lo comply with any provislon of thlt Dwd of Trust,or H any ncdon a proCMdlnp���+��dL «� �
<br /> w o u i d r n u t w i�I l Y��ect Lmdor's In t e ro s l a In t hp pro p e�y�L a��Truslor's bN►all may�but�h�N not b�nquir�d to, y J • -
<br /> de�rrK apprpprtda. My amount lh�t L�n der apae ds In so d d n p w W b M►�n b r�s t a t t h�n t�p r o N d W f c x I n t h�N o i�k o m ttw d at�incurnd a p a k l '.�:_
<br /> by Und�r io ih�d�ie of teP�Y►nanl bY Tnlslor. AJI tuch�.�t I.ondK's cPtlon,wN (a)M WY�M on d�mand� (b)b��dd�d to tM b�na A(s:*
<br /> of ttN NoM�nd 6s�ppatloned�mon0�nd be peyebM with my iruWlmmt p�ymmis to b�com�du�durirp Nttwr py ttw brrn of tny�ppNctbl+ �c
<br /> Insunna poT�ccy or (li)1he rempininp kxm of!he Nota.or (c)b�bwbd�s a balloon paym�n!which wiN W due and pay�bb at th�Nob's rtKlurity. ;
<br /> o �
<br /> Thb Deed of Trust also wW s�cur�p�yment of It��mounb.Th�rqhts proWdod fa In Ihb puapnph sheN bo In addidon to�ny other rlpMs or any
<br /> � re�rwdi�s to whlch Londer m�y be�ntHWd on�ccount of th�dM�uM.My tuch aclton by Lw�Sh�N not b�Construod a CurinO the d�fault so u to :�_
<br /> bar under►rom any remedY that it otherwf�would haw had. :,;�•�.'�`��
<br /> . . WAARANTY:DEFEN88 OF T171.&'Y�fe IaNOwinq Drovlslons nlatlrq lo own�rshlP d tM Rop�rty�n a P�of thit DNd of Trust. �:,;:�—�-
<br /> TItN. Trusiar w�mink tFuit: (a)7rutta hdds poad and markdtbN Utl�of►�cad fo tM Prap�Ay in tN�impN,hM and dMr of aM NMe�nd
<br /> m+
<br /> .. ' r�t� ancumbnnoa other thun lhoa s�t forth in the iie�l Prop�rtY dbc�iptlon or In�ny tlIN Instxana pdicY�dtM npat,or M�t tltN opinion kttwd in ��'`_–� °•
<br /> favu of,�nd�cc�p�ad bY�L�nder in connect�on with thb Deod of Trust,and (b)Trustor h�s th�fup rlpht,powar,and authuity to wucule and �`�— �
<br /> deltwr thb De�d of 7nKt to Under. ---
<br /> pef�ns�of Tttle. Sub�YC1 to iha�xC�ptlon In th�p�r�praph abova,Trustor warra�b and wtu taw�er daland th�dUa to the PropKty�pa►rat th� -
<br /> Iawful Clalms oi KII peisona. In the svant any actlon a proce�dinp b commenced that quesNons Trustor's Utfs ar tM Intsrrst of Tnn1N or
<br /> �.� Lender untler thts Doed of Trust,Trustar shaN defend ttw acHon U Trustors expense,Trustor may bo the nominal party In suCh procMdlnp,but
<br /> Under shul be enHWd to perUC►pate In the proceedirp and to be repnsented In the proce�dinp by counsN of Lend�s own choico,and
<br /> Trustor wiA dslivw,or causY to be deliverod,to Lender such Inshumenta es Londat moy roquest hom flme to Ume to parmlt iuoh parUdp�Uon. _
<br /> � �pmp��,y yyph 6�w�. Trustor waaanb that the Propsrty md Trustor's use of the Propaty complies wrih�II sxisHnp�ppilcebM kwa, •
<br /> adlnances,and ropukHons of pov6rnmentai wthorities. - � � ''"
<br /> . CONDEMNA110N. The fdowinp provislans relaHnp b condemnation prooeedirps ara a part of this Deed of Trust. ;�, }` ;�.
<br /> ��*s�+,. �,A;n���•
<br /> Appllcation of!Nt Proceeda. If pA a any part of the PropMy 1s Condamned by sminen!domuin procs�dinps or by any prooeedirp or P*�` . ,
<br /> purchass In Ileu ot condamrullon,Lander may at Ib electlon riqutre that aN or any portlon of the net procaeds of the�wud b�YpplNd to ths ,-. '.i,�'. ''.,.;,•
<br /> ' c�yq,�xp�ns�y,a dr�crrseys�fees Incurted by Trus�tei or LB dor pn con�nsot on wllh h condomnaUohn.e award afl�t payrr�nt of eN natorwbM .: ':
<br /> .L:�.
<br /> Proc�dinps. If any pro�wodinfl In condemnatlon fs filed,Trustar shnll prompUy nolly Lunder In wrlttnp,and Truatot shell prompt�Y Wu�uoh •
<br /> steps as may ba necissary�o detond iha actton end obta�n the�wird. Trustar may be the nominnl partyr In suoh proce�dinp,but LendK s1ulN
<br /> be entitled to pertbipete In tha prooe�dlnp and to be ropresonled In the prooeedlrq by counsal of its own chqico,and Trusla wfll dWiwr a ,
<br /> causa to be delivered lo Lender such Inslrurr�nts as may be roquested by it trom tlme to tlme to permU 6uCh purdclpallon.
<br /> IMPOSITION OF TAXES,FEES AMD CHAROES BY (30VERNMENTAL AUTNORITIES. The followlnp provlslons relatinp to povarnrrNntal laxos,
<br /> � fees�nd Charp�s are�p�rt of thfs Deed of Trust:
<br /> � CYRM1 T�t�s,FN��nd G►�rp��. Upon nquosl by Lmder,Trutta styl�x�cuN�uah docurrNnts In addHlon to thls DMd ot Trust and tak� :
<br /> I whatov�oth�r acHon b nquested by LonWr to pKfocl�nd con8nw L�ndK'�il��o�t►H Rwl PtopKtY. Tnntor shall tMmbuns Und�r lor�II �
<br /> ►axey,as describod balow. IopathK with rll�xp�nsa InaurtW in ncordinp,p�nc�Nrp a Conrinulnp thls DNd of Trust.Indudlrp wflhuul !
<br /> j Amllatlon�11 tax�s�fMt,dooumentuy Wmp�,and olher charpK for ncordlnp or rpkt�irp thls DMd of Tnnt. '
<br /> i _
<br /> ' T�x�s. l'he(ollowlnp shaM constltui�t�x�s to wh�h thls seCtlon opplks: (a)��nc tix upon inis iypr d uwd oi T��+i i,�i.�.�:�:=M:��i � � � --
<br /> part of the Indebtedness secured by thls Daad of Truet; (b)t sp�ciRC huc on Truslor�o Deed of T uat�c arQoablaQa1pnanst tt+�L�nd�r a
<br /> payments on the Indebtedness securod by thls type ot Deed d Truch, (c)�tau on Ihls
<br /> the hoider of the Nole;�nd (d)a specfHO fax on alt a any porlion of lhe Indebledness or on peymonto of prinolpnl and Interosl rtudo bY I
<br /> Trustor. i
<br /> Subeequent 1'�xe�. If any Inx to whbh Ihls cectlon applles Is enacted subsequaN to the dale of thls Dead ot Trust,this event shaN havn tho
<br /> seme eMeCt as an Event of Oetqult(as deflned be�ow),and lender may exercise eny or all nt Ils avaliable remedles tor an Event of Delault as 1
<br /> I provlded betow unfess T�ustor elther (a)pays 1he lsx 6e(ae it becomes dellnquenl,or (b)cOnlesta the lax as proNdad abow In thv Taxos and ,
<br /> Liens section and deposits with Lendor cash or a aufficlent corpaale surery bond a other sACUrity setlslactory to Lender.
<br /> � SECURITY AGREEM�NT;FINANCINf3 STATEMENTS. The tollov�nq provlslons relatlnp lo lhls Deed of Trust es a socurity apreement are a part of
<br /> this DeAd Of TruSt. ;
<br /> Security AyreerrlMd. Thls Instrument shaA conslitule a security aqreement to Iho extont tny of the Prop�ty Cortstitutes Ilxturos a other i
<br /> � personal property,and Lender shall have all of tho�ighls of e secured party undor the Unllam Commerclai Cod�as amended hom tlrtw to
<br /> 1 .
<br /> . . , . i
<br />
|