|
::.==�.���:� �-�-----�=-�--�
<br /> . ..�ai-�r3�=r . .—__ s. � . . .... . . � �___ __
<br /> . � .. _ J'y,r.`. ' '. _ ......._ .. . . , ._ .. , . , _ . .._ .' _.. �. _ ,.. . �' ' . � ' 'lc�.'a t. "'
<br /> . • .
<br /> Y .. "
<br /> � . ,j . .. _ . _ . .
<br /> . ��� .
<br />-.� '.— . -_ ��- .... .��M"t""C--.��'r A. .. _ S ..._ ..�. � �. l ..- t ... . . . .. ... .__ _ ..___., . � .._. .." —��''"' L
<br /> . . - ..�._... _..._�...�..-...__.._�._"_ _'. _ '_' ' �'l''
<br />. � • ` ,. .... '_}��'.��u..a:�.�u `
<br /> ' . . . .. . ;,� - ' ��"' ��/�95� '`.:�:
<br /> � = , �i.��,
<br /> `�Y� �:s,,
<br /> • �� f:
<br /> � 3, �sn�nntC - A*?n R�PnTR�. The Trustor sha21 obtain and keep in � � •t�<',
<br /> < " •,,. .,
<br /> - " - full force and.effect during the term oS this Deed of Trust at their sole '�F���
<br /> - , �.�'.s. . c�`•t.:<
<br /> • cost and expense, insura�lce against loss by fire, lightening and risk „F.I,.
<br /> "" cus�omarily covered by standard egtended coverage endorsement, incZuding .4.�
<br /> � � f��j:�.':
<br /> : � -f�-�� Lhe cost of debris reaaoval, together with a vandalism and malicious ,-�xF•
<br /> mischief endorsement, all in the amounts �of not less than the full ��;�:_;
<br /> � . _�T-- ` ' insurable value oz full replacement cost of the improvements on the ' ��;�•�
<br /> � �� � ��� -�. Premises, whichever is greater, and flood insurance in the maximwa -��•
<br /> ,- _`,�. .
<br /> �`�'• obtainable amount unless evidence is provided that tile Premises aze not �:-t:'�
<br /> �"'����� �� within a f2ood plaia as defined by the Fedesal Iasuzance Administration, , 1�;�`-
<br /> �, S�r
<br /> ; ` ' '` ' and rent aad rental va�ue insarance cover�ng risk of loss due to the ��,t�t
<br /> _- _ _ i: .f%r`.�
<br /> �;.'�,:..";..;:.;__rr_, occurrence of any hazards fnsured aqainst uader the requ�red� fire and� .i,,u;
<br /> '- estended coverage insurance in an amount eq►�al to guaranteed inaome from� S"
<br /> ,, . , ,+ :
<br /> � the Premises for a period of one year� and based �pon estimate of a�ausl. ����,
<br /> iacome from leases' of the Premise$ as the Beneficiary may, z�easonab2yF • . ;;;,;�
<br /> �.�°`;Y estimate. Such insurance policies shall be wrftten on forms •anri< Wi:�h. ��'=`
<br /> �' 'h ;:;s__
<br />''.�: , .--
<br /> } ,>' . ' insurance companies satisfactory to the Heneficiary, shall n�a �s t1a� , 4.
<br /> •� - - •- insured patties the Trustor and the Beneficiary as their intetests map ' �.•��
<br /> -; C Y�
<br /> - , '.� aPPeat as HENEETCIARY/I.OSS PNiEE. shall be ia amounts sufficient..�o pr+etien�. ,r ;
<br /> �:, the Trustor from becoming a ce-insurer of any loss thereunder, .arid she[Z]. << ,
<br /> '3i�r �-': bear a satisfacto beneficiary clause in fanos of tb�-Beneficiary, ���:1�:� , �
<br /> ','.1�.rr,.,,. �l ,'f`' '
<br /> °::;;-," :�•:� '` loss Proeeeds under any suc h po 2 tc ies t o b e m a d�" P a y a b l e to :t�i�. :
<br /> ...t�•,���r..,.,� <.'�5,:.
<br /> �..,...!:�s;-' ':'�•:
<br /> � _ ;,.�.... Ben�eftci,-�y. The Trustor ahall �also obt.�.in and keep in fu1L �orce aind �4y'_;
<br /> ` . effect ����n9 the tesm of'-thts D2ed of Trust��amprehensive gen�3�l Public . ,;f,.+
<br /> . - _ �;.- ;:; liabili�.�._:iasnrance coveziAg the legal .1i�.T,�:ty of the Trus��` against �,..y
<br /> � '==t� claims� �air bo@ily injury, death o�..propert��damage occurrinf,��{�C*''q�• in:or _
<br /> � ��'�;:.� abaut�the Premises in such minim� .�?�'•ts anci with such minimu�h limits as
<br /> � � :'�'��. • the Herie�fciary maY reasoitably requi'c�»: All required policies of_ insuzance
<br /> . .. . :.,..•,, ..,.�..
<br /> or acc�Able certificates tftereof,�:�zgather wfth evidence of•��e payment �'� -
<br /> - - -, - - -' of curzea.t, premfums thereof, shall �`:�elivered to the Henef ,..��y• TYl@ r�'F'
<br /> ft ^ %= rior to the e iratfor�'�uG';any such ' �
<br /> Trustor �&all, vithin thirtg;�i30? e3a.�;�s �P �R s
<br /> �.,,f�r,�r�� ;'�' policy;, delivery other oriqinal �a��zes or certific,�t�s o�-::��, ins�sr ,}}.,
<br /> �,��,d, ;��� evidenc$n�, the renes�al of �suah t�'�nce together sd�.���.e,v3.c��E of t.lz�i ',.<.
<br /> 'i, .,',' � � ` paymentr �y.;cu�rent premi�s there.sa; In the.event�b��`a�fa��'?��re of. � ��%
<br /> , ; ;�:�::
<br /> � thi,s f�e�d'i;�c� Trust or any acqji�aition.vf �he,P��mises �by tYie.,�;�.�r�iary, , � .
<br /> i .�r �' ��.:��: all su�:�gaolicies and any��.�r���,eds•p�Yabi� :�refrom, whe�;���;���able ; �r f �, r:.1
<br /> ' . , ���ore. c�c��a�ter a foreclosu��':�'sale. .�►��dsri.r-�' �• period of redeiiig�d,�;.::'i� ... Y•.
<br /> X� <� � � .`` �a�y, shall become�the absolut� �rag�i�:'of the` Beneficiary to be utiXi�r�� �
<br /> �:�
<br /> -"•� ; j • at fts discsetioa. In the event oR%.�'oreclosure or the failure to obti�iii . . , �
<br /> :--�=_-�?.=��-�,: .� �;� anrt keeg any reqeti.red insuxance, the Trustor empowers the Bene�iciasy to � _
<br /> • • ' �;'.� '� egfect ins�ssance upon the Premises at the Tiustor's expense and for the "==`�
<br /> �,�� ` benefit of the eeneficiary in the amounts and types aforesaid for a period �'�`"�:
<br /> Yf '�'"'� +
<br /> ;+�;t�,t t,`•' of time covezing the time of redemptioa from foreclosure sale, and The �
<br /> "��f �.s p
<br /> ,,�����,,� . � necessary theseYore, to cancel any oz.a11 existinq insnsance oZicies.
<br /> . �, � •. n fici co ies of ali inspeetion reporta � `.J
<br /> , :;,�'r.�„r�r.,, .:- Trustor� as,�.;ees to furnish.the Be e �Y A ,,•:>,. t:.,;
<br /> � ���:;;:��::3�= and ins�.�.�tr:�e recommendatiyons reeeived by t.�� Trustor� from�any insurez. .,;�:,�,,, ,�,:
<br /> , ,,�.. ;�,•
<br /> . , �:" . ,,
<br /> ' � yi ,i;. ;: ,�: �'1;`"�
<br /> .t; �,r�; s' .. _, ._ 4. gCTiONS A�EB�°�;,�j�'�gST FSTATE. �,rustor shall app��•,,�r, in•and
<br /> ;u��test any action or prc�e�dt�.'1$ .+�ut�ar�rting to affect the secuCn`�,��{; �����.
<br /> .u.
<br /> 'or ttse rights or powers o�;����a�7•or Trustee, and shali ��►�,�`��;d:;;�?':.�:'
<br /> ' � � and expenses, including cc���t:;;:$ evi�tence of title and a�tortse�-��'.-;��s��'"'r.�;�''
<br /> ' any such action or praceed�iwr� i» whfch Beneficiary or Truste�:�a�'r.�'���eax°• .
<br /> � •• • Should Trustor fail to m���' any payment or to do a�y act a�`�'.�#ii«�G��r..�:the
<br /> • � �nner provided itt;��ny of tAe Loan x�.struments, Bene���£a.�� and/or Tr�s ,. ,, . -�
<br /> �+�?�,c�}i� ...�; e3�2► in its own c�ata6��etion, without��bligation so to �t� as�,�3� without ah��
<br /> � ,.� ��%?,i;�;��1 '.;:: to .or demand uy-:.;�n� Trustor and without releasin�i�:'";sustor from '-�yr : .;s��
<br /> '' � �� obl�gatina,,�aay r��ice vr.d*� �he same in such'ib.anner• ano� to � ',�w�.�.•..extent� �s ���•,.,,,. �� � '
<br /> .. � '; . either ma.��.•deem nece�sai ,�, rotect the se�uBi� hareaf. �n�er� shall, . �;:;;�;;,':.,�� �
<br /> � . ,. � us y, ��, ;
<br /> . , `•��: it�¢rtedia�el� upan cG�and ��x�n,�os�by Seneficia..*y. Pay all cos�.`.�� e�sanses . � ,:;::,��..
<br /> �. � � incnrred by Benefi:�r,i�.tyrim'¢onnectioa.•with the exercF�e.by.�'.tr�• 3ci�x.r*�2�$�• ". �
<br /> ' . . � the foreqoing•rig3��s; i�i+.�,udinq ��iti}out limitation�c.��qi�;q�•.;eviden.�,��,�,�,.�x6"�.t�
<br /> . • .�`. � title, court coats, appxa�3;�ala, sus`veys and'atto�ne��:?�r,3f�:s%.:�,•,;,Any�,=s��h . .�'-
<br /> ' `' ,;� :' costs and expenses not paid� within (30} daya of•w�ittesr.�a�G7�3�iit'� l���draw '` #��''•
<br /> interest at the default ra�� provided in•the No�e. Trustcd¢f3�7��aa+t use �� '�'�
<br /> !,� o r a l l o c,i u s e o P t P t e T r u s t�E s t a t e f o x•a n y�u n law fu�•pu��se. Trustor a grees
<br /> �..�,..�.,:: : not to sell. ticanefes, lease, or furth�r�encunber �.he•�YU��� Estate i��any.
<br /> � ,� ', way without�prior written appxoval�aS� Beaeficfaa�yv : ,
<br /> : � _ ,� � g� ��T np �N. Should the Trust EState, or any part thereof � �
<br /> � or inLerest therein, be taken, or damaqed by reason of any public
<br />-� ". • improve�ent or condemnatfon proceeding, or in�any othQa manner including
<br /> - �- deed in lien of Condemnation ("Condemnation"1, ar should Trustos receive
<br /> � -- - --- - aay notfce or other inPom�ation regarding such proceeding, Trustor shall _
<br /> :�.� give prompt wrftten aetiCa� thereof to Beneficiary. Heneficiasy shall be .
<br /> . 2 �
<br /> : _ _: ,.
<br />'`. . . . , . _ �1�.
<br /> i ,
<br />
|