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<br /> 08-11-1997 DEED OF TRUST Pi�3
<br /> Losn No 63510A (ConUnuedy 97�'.n�2
<br /> Iltl�en(tfi)deys aftf�►ihli Ilan arisa a,II�11�n Is fAW,wltMn fiitMn(16)d�ys afl�Trustor tute natici of ihq fl�np,¢ccure ih+�dfsCh�trQ�of Ih� _
<br /> INn,or If r�qti(�St�d by L�ntNr, cWposil wlih L�ndar c�sh or a suMclent corporot�eunty bond ot olhAr wourity ealltl�CtOry�o L�ndM In �n
<br /> amaunt suffflCClanl to dlsch�rp�Iho Nan plus�ny costs md�dtNnay�'lees or olhw charp�s Ih�l could�ccrw���nsull ol�Iw�clown a sW
<br /> under iha Ilxn. In any cantat,Trutlor�haN dNand Itull and Londw and shaN s�tisry any adv�raa JudprrNnl b�lon�nlorc�rtxml�p�liul Ihr � _
<br /> Property. Truntar�hAA nprrH L�nder as an Rddlllonal obNpe�undor�ny suraty bond furnished In tIN contost procssdinps. �
<br /> � Evidanr.�of P�ym�nt. Tnntor�haM upon dwmand hxNsh lo L�nd�r utlsUtctory�Wd�nc�ol payrMnt ol lla IaxM a u�trtNnb�nd sFW �
<br /> ' � tutharirs lhe approprlAt�povarnmental of(icial to deGver lo Lendqr at any timv a wdlt�n 6talemenl of t1N laxls and aas�urn�n'�apaln�tt ttM . � .
<br /> � Prqpertyr. ,
<br /> � Ibtta�of ConetNatlan. Trufitpr ahaN noUfy Land�r al Mast ABeen(16)days bataa any wak b comm�nad,�ny�vfcM�n lurnbhrd�a arry • '
<br /> matarlals aro su�plled f� thp praperty,U�ny mecfwnb's Ilen, rtutt�rlatmen'�lion, a other Uen could W us�rlod on accAUnt of ih�wo�M� , _
<br /> ' sKVk.ys,or mat�l�. Tn�rlar wiU upon requasi ol I.ondK(urNsh lo Lend�r advanc��ssurance�aatlsiaClay to I.�ndn fh�t Tnntor can�nd vN ;
<br /> " pay the oaat ot�uch Imprqvementa. �•� , .
<br /> 1 PRQPERTY DAAIAGE INQUNAHCE. Tha foYowirp provlslons relaUng to Insurinp fhe Propody ars a pari ol thN Dwd M Truat. ' '� _
<br /> INalntenanae of Inaursnaa.Trustor aheN procwa and mainialn pdiclas of hn insurnncs wifh atandud�xt�ndod aqvar��ndaa�menb on� , .,:-s��l.,�'�'$�'='
<br /> � reptacompnt basls fcx ihe fuY InSUrabW valw covwiny NI Imptovemenls on tha Raal Proparty In an unount eutAclant to avold appl�aUon o/any : -;�•;ti,-�,,,,�=-.
<br /> ,�:���=--- �
<br /> colnsurance cleu�,�nd wilh a standard mort�ayee ciause In tava of Lendw. T�usta shall eiso procu���nd malnUin compqhenalw G�ni!d 'x;,�,:�.�-
<br /> NtblYty tnsurence In such Covereye amaunts as Lendw may cYquesi wlth Uustes end Lender bWnp n�med as addiUonal Insurods in such MablYy :.,�.�_.-�:
<br /> . � Insurenoe polb3es. Additionaly,Truttor stwll malntain suCh oth9r InswanCe,Inr,ludlnp but not Ilmlted to h�tzard,buslrwa IntYrtupAon, and ., ,J;F.-;�-
<br /> boller insurnnce,�a Lender may reasanAbly require. Pd�les shaM ba w�itten In torm,amounts,covorapos and basb rwsonsbly accep4ib{e�c
<br /> Lender and Issuad by q company or companies�easonabty accepiable to Lender. Trustor,upon nquest of L�nder,wW deNVer to Land�r kam �.�ti:�.;-
<br /> ; � tlma to dma Ihe poAcles or c�rtiflcates ot Insuronce in fam sausfectory lo Lender.Includinp oApul4BOns that covwapas wW not be cancd�ed a _ ._-_--
<br /> r diminlshad wlihou!at least fen(10)days'prlor written not{ce to Lendw. Each insur4nce pol�y elso ahall Includo an�ndors�ment proWdlnp tiul ':','`
<br /> coverafle In lava of Lender wltl not ba Impaired In any uvay by tny acl,omisslon a dafault ot T�u�to�or any olher{ra�son. Shouid th�RNI : :.,,;,,
<br /> 7 .j Properly et any Ama become located in an uoa deslpnated by ihe Director ot the Fodaral Emerpancy Manap�mant/1p�nr.y as a�pacW 11oad ::;' �'
<br /> ;ti�;;�.
<br /> ���.: hpzard araa,Trustqr rpreAS lo obtaln and malnluln Federat Flood Insurant�tor tFw full unpaid pdncip�bdanc�of lh�loan,up to th�m�dmum . �,a;,,..
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<br /> �',�+:f polby Ilmita set under 1ha Nelional Flood Insurance Yropram,ar as olharwlsa requlred by Lender,and to malnteln auch Iruurana lor ltN Nrm N �,.f•t;��`_
<br /> .�,,: Ih91o8n. �,rPr��
<br /> �`�� App1lcetion of Proceede. Trustor ehall prompNy notlry Londer of any loss a damap�lo lhe Prop�iy, L.ondar may mak�proof of loss NTrutla ����`tj.,
<br /> � fells la do so wlihin fitlaen(15)days of lhe casuaity. Whether or not Lender'a SeCUrity is Impalred.Lender may,al ita alocUon,rocelvs and roUin �
<br /> .�, the prxeads of any insursnca and apply the proceeds to tha reducllon of tlw Indebtedness,paymant o(any Yon aHaclinp th�Proporty,or Ih� ��!'`•`�
<br /> �F,��:>�,:
<br /> restaraUon and ropalr ot ihe Property. If Lender elecls to spplY Iha proceeds to nstoratlon a�d rop�k,Trusta th�N t�p�k or ropl�C� IM ;`r`t(,',�`
<br /> �.��h damaped or dealroyod Improvements In a manner sallsfactory lo Lender. Lender shaN, upon salhlaclory proof of such�xp�ndliur�,pay a , .
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<br /> f roimbursv Truclor Mqm lhe proceeds fw the reasonable cosi of repair a reslaatlon tt T�ustor IS nol In dofaWl undx lhis DNd of Trud. My ;i?;,:
<br /> ,. �;" proc�eds whbh have noi been disbursed wlthin 180 days afler Iholt receipt and whbh Lender has rat CommlHad to lhY npak or rata�Uoo d ` `'�.,,__
<br /> b Ihe Property sh�u be used flrsl to pay ony amount owing to Londor under thls Doad of Trust,then lo pay occrwd InlKast,�nd ttN nmdrtd�r,B y�c _
<br /> �,:.� � �f����. any,shaM be�ppHed io Ihe princlpal baance of the Indebtodness. If Lender hdds any proceeds aHK paymonl in(uN qf Ihs IntNbbdMCt,suoh , ;,. :��=�
<br />-. .-.�.- p�r.Nnn�fa nhptl he Qnid l0 7rustor ns Trustor's interasla may eppear. �k.s':�.y—
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<br /> ;�� .�:� Unexplr�d Ineur�nce at Sd�. Any unexplrvd Insurance shall Inuro ta ttw beneflt of,�nd pass to.th�purchaaer of Ihs Propwty Cowrod by thk
<br /> ',:�j Deed of Trust at�ny trustee's saie or othar sale held under Ihe provlsions ot thls D�d of Trust,a at�ny loreclosuro sala oi euch Prop�rty. !__=
<br /> 1 ' Trustor'�Report on Ineurince. Upon request ot Lende►,howov�not man lhan ona a ywr,T�uslor shtll lurnith to l.�nd�r a nport a►ach ����-�
<br /> �. exisAnp policy af Inaur4nc�showinp: (e)ths name at Ihe Ins�xar; (b)tM dsks Insixed; (c)th�amount ot 1M PoNoy; (dI th�prop�rty kisund, ����`-""-
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<br /> • ,f•, the than ourronl�eplaca�ent value of such properly,and tha manrwr of cklKmidnp lhat wluo;�nd (�)th��xpkatlon dd�ot tM poMoy. �,�"°
<br /> Trustor shnll,upon roquest of Londer,have on Indepmdent�ppniser satlsiaolory to Lsnder determins IM cash wlw np4iwm�nt cost ol Ih� ��,�
<br /> �� � � Property. �==
<br /> EXPENDITIMiES BY LENDER. II Trustor faits to compty wlih any provlsion of this Deed ot Trust,a it�ny action a proaedin0 is comrtNn�d Ihtt ;;��:
<br /> � would materlally aNect GendePs Interests in the Property,Lender on Ttustors bahalt mey,but shaN not b� rpuitod to,Ulc��tny�cHon Ihal Lendir ;:y
<br /> � deema appropriato. Any�mount that Lander axpsnds In so doinp wIH b�r Intor�st at tha rab provldod la In 11»Nol�hom tl�da4 inairrpd o►Wid
<br /> py Londer to the date ot ropayment by Trustor. AN such wq�enses,at Londar's optlon.wIN (a)ba p�yabN an dartuind, (b)b��dcMd to ltw balana
<br /> � of the Nota and be apporUoned amonp�nd b�payabla wilh�ny Instnllrtwnt payrtwnts to bacoma dw durinp NIhK (I)th�torm of any appMc�bN
<br /> • Insurpna poBcy or pi)th�nmrinlnp term of lhe Nol�,or (o)b�traaUd a�b�lloon paym�nt wt�ich wi1 b�du�and payabN�t Ih�Nob's matwlly.
<br /> + Thb De�d ot 7rust alao wW woun payrtwnt ot Ih�amounb. Th�rlphb provid�d for In lhls pu�pr�ph thnN D�In additlon lo�ny olhM rtphla o�my
<br /> � rarrwdi�a io whbh l.ender may b�enllWd on�ccount of Ih�dofault. Any euch acllon by Undar shal not b�conalnwd�s ourinp lh�tkfault to ae to
<br /> bnr Londer hom�ny romedy thAl It otherwlsa woutd have lud.
<br /> ' WARRANTY;DEFHNSH OR TITLE. The(ollowinp proNsbns reiatinp to ownerahip of tha Property tre a part of thls Daad of T�ust.
<br /> � � Titla. Tnisior wuranW Ihal: (�)Trustor hdds paod�nd rtwrkelabta tltW of raCad to th�Property In t�tlmpl�,kw and CMtr of tll IM►►s�n�1
<br /> � encumbrunces other Ihan ihoso set torth in the Real Property desc�lption or In�ny Ula insurance poYcy.Ulla rput,a enal tltla oplNon fuuod In
<br /> , • • tava of,pnd�cceptrd by,Lender In connectlon with Ihls Deed ot Trust,and (b)Trusta has the fW riqhl,powar,�nd authally to�x�cute�nd
<br /> • d0liver Ih15 Qeed of 7ru5!to Lender.
<br /> ��„:-!,.. DOtenee ot Tltie. Sub�ct lo ttw exception in the parapraph above,Trustor warr4nls and will lorever defond tha Utl�to Ilw Propady�pllnat IM
<br /> lawtul ctalms of all persons. In ihe evenl any action or prxeedinp Is commenced that quest[ons Trustor's dtlo or tha Interosl of Trusta a �
<br /> Landor under thls Deed of Trust,Trustor shall detend Ihe actlon el Trustor6 expense. 7rustor may W tha nominat puty In Ruch proceodlnp,but u�ws.�r:,
<br /> ` Londer aheA be onlifkd to particlpate In lhe procesdinp and lo be roprosented in the pravedinp by counsW ol Landar�own chdca.�nd �'""��
<br /> � � � Trustor will deilvor,w cause to be delivered,to Lender euch Instruments as Lender may requesl irom tim�to dme fo parmit tuCh participtHon. -��
<br /> �i.�,` Compllanc� With Uwvs. Trustor wartanta that the Property and Trusl s us� ot lha Property complias with aM uclsstlrp appMcabl� kwi, �
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<br /> �. +�", ordlnances,and repulatlons of qovernmental aulho�Ilies. � ' c ;�'`�
<br /> �:1_ ��� s'�t5.�4p
<br /> , ��. � CONDEMNATION. The followlnp provislons relaliny to condemnatWn prxeedlnps are a pa�t of thb DeM of Trust. �:t�, {:��
<br /> � ����r: � t ,���'+ t�.d::
<br /> Application ot Net Proceeds. H all or any part o11Ae Property Is condemnad by�minent domaln proo�dinps or by my proceedinp or ,,.�„ � ,,;�,.:
<br /> :'._�`, � purchase In Iiou of condemnatlon,4ender mey at Ib Neoflon roquln that all or�ny porUon of the net prooeods of th�awud ba appWad to Ih� °��,�;,�,�. ,��� ,; .
<br /> Indebledness or th�ropak or nstoraUOn o?the PropMy. Th�nel proeaeds of th��ward sh�Y mNn th�award aMr p�ycn�nl o(�N rwiorubt� •� �!�s�ry�,� -
<br /> costs,�xpensas,and attorneys'tees Inaurnd by 7rusles u Lsnder In conn�ctfon wllh ll»condammHon. ; ..', i,��,s,-
<br /> � ProcsWinps. It any prociadinfl In candamnatlon b Aled,Trustor shvl prampNy noHry Londar in wdGrp,and Trualor shaY promplly trko suCh �� ��}�}' °
<br />- atepa as may be necassery lo dofend the acfion and obtaln tha awud. Truslor may ba ihe nomind p�rty in tuch prooNdinp,but L�ndK�h�M ��.
<br />_ bo antliwd to parl�Ipate In the proceodirp and lo bo roprasanted In tM procMdlnp by cou n s o i o f(t a own c h o l a,�tn d T r u s t o r w I M d N l w r o r •• .
<br /> . cause to be deNvwQd lo Lender auoh Instrumants as may bo requasted by It trom tirtw lo Ume lo parmfi suah paAk�p�don. , .
<br /> IMPOSITION OF TAXES,FEEB ANb CHARGES BY(iOVERNMEHTAL AUTHORITIES. The tollowlnp provislons ral�tinp to povomrtwnW tax�s.
<br /> fees and charqos are a parl oi thls Ooed of Trust:
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<br /> _ � Current T�zas,Faes�nd Cherpes. Upon request by Lentler,TfUSIOf 6t181i 6x6CUt8 Sucn aocumenis in aaaiuun iu iiiw vi:i,vi ii�iii i�.v r�• -�-__-=--
<br /> whalover olher actlon Is requested by Lender to pedecl and conllnue Lender's Ilen an the Real Property. Trustot shall reimburss Lender fa aM
<br />_ � taxes,as descrlbed below, lopelher wlth all expenses Incurred In recwd►np, perloctinp a con�nuinq this Oeed of Trust,Includinp wllhout
<br /> Ifmllatlon ali lexes,lees,documentary slemps,and olher charyes for recordinp or repisterinfl thls Deed of Trusl.
<br /> T�xes. The followlrtp shau constilute taxes to whlch this sectlon applies: (a)a speciflo tex upon Ihts type of Daed of Tnnt or upon aA or�ny ,
<br /> part of the Indebfedness secured by this Deed ol Trust; (b)4 opeciflc lex on Trustot which T�uslor Is authodzad or roqukad to deduct fram .
<br /> = peyments on Ihe Indebfedness secured by thls type of Oeed of Trust; (o)a tex on IhFs type of Doed ot Trust charpe�bN�pilnsl the Londar or • .
<br /> lhe holder of Ihe Note; and (d)a speclflc tax o�oll or any portlon of Ihe Indobledness a on payments of p�inclpQl and Intorest mado by •
<br /> � Trustor. �
<br /> � Subxquent Taxee. II eny tex to whlch Ihls secllon appues Is enactsd subsequenl lo lhe date ol ihis Deed of Trust,this ev�nt shaA hava the
<br /> � same eflect as an Evenl ol Defaull(as deHned below),end Lender mey exerclse eny or ell o(its ovailable remedles(or an Event of DetaWl as
<br /> provlded below uNess Truslw elther (a)peys lhe tex befae It becomes dolinquent,or (b)contosb the lax as proNdad�bow In lhe Tuas tnd
<br /> ' ' � Llens eectlon�nd depo�lts wNh Lender cash or e suntcienl corporate surety bond or olher security ea�isfa�ory t01=M�der.
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