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<br /> �`' 03�i4-1998 DEF�O�TRU�7' Page 4
<br /> , . . loan No 751494> �� (Co�Inued) • ,
<br /> . .. . � ��'°�i��� �s ,, . _
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<br /> . s PROPEaTV aat�►AG�E ixstlRaetcE 7t►e roamiw.ng provlsto��etasng to�flsuring ttia ProveM�ue e vart ot u4s oeaa ot rrust. ` .`
<br /> "= � Maintsnanoe of t�sweno�Tn�stor shaQ pmciue and m93r�fn poLCtes of fue in5urer�Ce wit�standard ebsnded eoverags endors9ments on a • � � .,
<br /> repfacement 6asts tor Ms UrU�I9 vatua covedng aU tmpmvemerds an tha Real P9roperry in an amount sut5elent to avoid appGCaUOn ot8ny
<br /> .� . '• ,j ca'ns�uance dause.and with a standarQ mortgaSae ctat�se in isvor of lender.together witt�such ofber tiezartl and Uab�ity fnsuranee as Len4er .
<br /> may reasonaDty r+aqu're. Po¢des shaD be w�tten in fonn.emow�ts,covara8es and bests reasonsbN aooeAtable to Lendar and Issued bY�a �
<br /> - � � � ;� .� � co:�arry ar com�an�as teasonabh acceAtable to tsnde�: Tnutor.upon request o!teader.vri0 d5livsr to lender trom 5ma to time ths Po6CeS ` � � .
<br /> ., or ceRi.`rcates ot ir�stnanoe tn fortn sa65fecto�lf to Lend�.indu�rr9 stlAutstions that coverafles wiU ao1 be canoelted or dim�is.'►ed wilhoN e! E _ . ;
<br /> • j teast ten(10)day�pdm written nOfice to Lender. Each insiaenee poif�y atso shall 6tdttde an endnrsemerd providing that covetage In tavnr of � •
<br /> � } Lendar tiviU not bs�Dahed in arty waY dY�Y 8c�.o�an ar Betautt�of Trustor cr e�►Y other P�n. it�e Real P�rope�y 1s lo�d in an area ( . ` : . �� .
<br /> destgnated by Ura Uirectot of tha FedEra!Emargency Menag�naat Agency ss a spedai ficod ha�rd erea Trustor egress to abtaln and k _ _ ._
<br /> '; m a Tn t a in f e Q e r e f F[aod trse�ranea(or ths fu4��t a fd P�d�tsf lls�tasn.uP fa tt�e�+polk.y�its ssi under il�fYaliaaa!Flflod r . - -
<br /> , . �� tnsu►aflw P�o�am.or ss om�vP'se taqtm�ep�si.snder.arru au mairrfain sucf►i�aa�iac ine tfsm of�as tcunL �- �
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<br /> . Appt(cation ot ifioceeds.7n�tor she0��o6ry Len�araf anY toss cr CarnaSe ta tRe R�q�tyF. lender may meke F�oi of toss it Tnatar � { -
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<br /> '� � t�il.s to do so cvitht�6fleen(15)days ot t:te.msu�.'!y. WhetAer or t�oi Lende�s ssctuaY�+�s%e�,LeaCEt rtss.Y.el ds ete�On.�ecmve artd rel�n - - --,---�.... .
<br /> lhe proceeds ai erry I�uurance end ep���t#e:�aea�to the redW�ton cf tlte►ndaMad�>A�"��aE r�G�t�ng ft�e Rroperty.ar the - - . '.' : -•
<br /> . . : cestaratton 8nd tepah oT the ProAeK��'CE.'.��i 3Bi elECR4 t0 8ppty ltte�30�tA�8�ri d�1Z:�.Ti*.�t7T SheN�9i!O�BpL2Ce thB -�.': :"^.•-• ��`�.'`��s
<br /> '�. i damage�or dasfroyed Imp[aue��ents ia a�r.�anner satisfeciary to Lend��C�'er stra�;?aPar�Cti21ti,;1��5'.,Zf Sfl�@YpendlUlB.PaY�T { `�'.",;,if`},;^tL�,.t.,:":'�
<br /> reim6ur5e Trtistor from ths pr�BedS fOr the reasonabts co5t ot repefr or�ation B Tr��not Gi Qefaid��uride,r t��s�d of Tn�st. Aey r cx/y i s �
<br /> ,r.� prooeeds whieh have not beea dES4wsed witliln t80 days after thdr ra�end wflich Lek��:�s not commitled to tke r�mr restoeaL�of . Y,c` ;
<br /> r, th9 Prapeityr sha7 Oe uSed first to Oay any amouM awtng�a Lendet under ihisQeed oi Tnat,fhen to pay aoaued interest.aiiC Ihe remaict�� + .
<br /> 2 any.sh�ll be appUed ta tha P�ndp a t betanm W Me In d e b t e dness. l t L e n d a r t u i t Q s a ny P ro c e e d s a ft e r p a y m e n t l o t u u c f t h e 9 n d e b t e d n e s s„s�u�r s: ?t , �.�f��! "'��
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<br /> � p ro C e e d s S h a'3 6 8 p ffi d t o T[u s t O t e s 7 n�'S�n►a Y B P R� � ' �� F�
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<br /> .. Uneapired i�tSUraaoe at 8eta..!1�iY�r�-'Yi�d�tns�arxe sh81!buue to�he�efrt a�and pass ta,tAa purct�asa o!ltra Pw�lp�ed bY!!� `' E```�_-
<br /> . } �� : D�Bd oiTrtis!at airy trus�'s sa'e mc rf�.iarsai�hetd unQer tAe prov;sians�k�s bsed otTnrsl.m at any toredos�ue sele�t_si�Properil/- `�`���°,��dt.�l;_:
<br /> . ,'�� `< �1111�EIRE$.6.�trY,..L�ENDE�k I�T���Ts ta�►Y w�h enY Drovfston ct.�Deed of 7nat.or B any ac�on or prooeed�rt9 ys`commertcad the! • ` _
<br /> r�:� r •,�`�' . :YYaill.f'Ai$�J'Si'ol�w.Z:BflQHf$�4S I{t Ur3 N�S�tBI�Y.LenQer an 7niatm's U�a!�If may.bu!sheU not be requiced to.�1ce enY adion 1Aa!Lender �� '�- �,.-:
<br /> � r�ls�i .daeins 3�€s,piiaYa Aas�►amo�nt thaf Len�a�wpstsd5 in so doing xn'll bsar is�'�res(�t the rate Provided for in tltt�iNi�a from ihe dale Irtcurred ar paia ''�', _ _
<br /> f �'�` r ���.enEe�ta,6�e���at�eQayme�t by Tcr�,.Hu�ch m�Penses,at lende�s apficn.w�l (e)be Payabte an�Sacr�.id, (b)he added to the�� �t;`1•'°•'`° .
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<br /> � re>�<r,�. 1?`!S il��� . �of f�e hlote a�d lia.a p PorGOrted aaiong eiid me pa;�s,blo wdh arrylnstelfineriY baymaMs to become due d�r��r l�tha term of amr ap��xa'R'b r �•�'�.
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<br /> .r„t�.�r.��, ., r, fiswance policy a[ D the t8sn3PIifRB�3cst1�fhB.N�tO.or (cj be treste d as e b 9�ye�.i►8 Y!n e r d�i t�,'a,a n n l i be d•.a e t l d p 8 y e b 1 8 8 t t h e N O t 8 5 R t B�; ' z,E f�: . .� _
<br /> r�;.;��' ��'fhis teed oS Trusf ai5o w(0�.papmstrt s�$sese amwnts. 7Ttq dgh�s pro�ibe���r in ttis '�'-ta"�7 be in add�d"on to ar►yr.other dgAts nr e�` •. �f�Yr� .�' - -
<br /> ,n{� �. ' rarriadies to wNCh lender mag Leanli�6Q t�e�caunt of the defauit MY stcsh�r3 Ly te�ar�a'[`.�3g�nstrued ss curing L1e defaWt se an 2c '. ' �! ;�
<br /> j�x 3,•. g ',� bai tendsr irom any remedy tha:C¢ifmnn�sa aanL�t�ve had � • . �: ',. ; . . .'` :�_
<br /> r�E� ., ,,t ^ vIFAARAI�l41C,D�S113EOFTfTiEShetb�ailn�p�a+risionsratatl�gioa�r�up�^➢�,.�-'�y�:aa�S�itht5�eedof7nist. . ; ` `�`;;' ?
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<br /> � .ir{i;r, fl��+�,-�u,.1 "TRIB a:rsicr t�r3.'r8nts thet (811'nts'.✓t�atfi,good and ara.�fr,�le 5i�as�izix�to f��pati}r in teB sirt�Na,iree an3 C�r:��iti�{t�� .t '''1+=•�:� �..
<br /> k� �� . �i�4;� � er.�tmnianr.ssot`.teHhan Lhase.set to��K^`a Real PtaFes���3�c iri artg L�i.'ss'cttet�3��i�y,fiPS r�ort.or f��!�h�►:��cae:�k� . � M.: �`�'.
<br /> 4+`° �f ;'✓•,° t�•�ro�antDe�aeDffiOQft,lert�rirtc�•K:wlthSrisi�c�'�,at�d'(�:t�%'T...,.`,��lhs3�&`g�0�i8I��Wef.�rtdEct'J.`��!:!��'U��f.. �Fii�ri•. ":""
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<br /> r . d�liver ttiSOea�AQTrtkt t�leaS� . ., ., . ' .• . ,
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<br /> ` �`{'�� Oetens3 nQ'4tII�. Su6jed to ihs exc�ptiac�e�tte paragraph abave.Tc��sr,�rc�b sn�w7�Y:a��r.d�tr.e tlae to tha ProPerry e8�ic��• ,�i
<br /> � ��•�� Iawf,A cla;ms of all persons. tn tha ev�rtt rs��!:acHOn or pmoeed�rtg Ls eo�ced that Qs�ans i'rt�sfcc'�tiUe or the interasi ot Tn�s or � ' �� �
<br /> �j Lendet under fh�OseA Ot TrUSI.Tntstm sh�i ifeten�the actton 8171ustor's�en5e.Tnas'.or may be the nomhml party in such prooeed[ng,but " ! ;'.
<br /> a
<br /> � � sntler si�aU be entieed to partielyato In tha praoeeding en0 to be representad In tha proaasding by counssl of Lende�s own Chofr�,and �
<br /> � � Trustor vn11 QeUver.orcau:e to E0 deIlvered,to Lendor sueh ir�strumenls es Lender may raQusst from time to Ume to pecmtt sucn paNcipauon. �
<br /> - COmptianee Wlt[b Laxc�s Tnutor wartenb tnat tAe RropeM an4 Trustar's t�se ot the Propeity eompiles with atl e�dstlng aDAllc�hte laws. . _� `'
<br /> ---- -�, - -- - �or0�nanocs,end regu�a8ons otgovemmentel aulharlUas. " ,
<br /> � CCNDEMNATIOlV.Tha foJOwfng provL�tor�s retadng to condemnatlon procoedin�are a paA of tNS Oeed of Trust ' • �
<br /> La dpplteaUon of Na1 Proeeeda If a11 or aayr paA a}Ne Properry Is condemned by eminer�!Qomaln proceodln�or by any proceeding a � ''
<br /> . ! purehase In Beu ot conCemnatlon.Lender mey at Ib e�ectian requUe that all or any p�rUOn W tAe net proceed3 of the award be eppiied to t�e �" ', ����'—'''
<br /> tnCebteddess or Ms reD�ot�oratlon ot 1he Praperty. Tha net pmoeeds ot the awerd sNail mean thg awer0 after paymenl o!efl reasonabte , �'-"
<br /> � . .-;�z�.._
<br /> �; �:; eosts.e�ertses.enCattomeys fees Ineurred by Trustee er Lender tn cannaeUOn wilh tAa conQemnattan. . : •_:,�a;.�:�:
<br /> . . „ ��,�.a Proceedln�v. ff aey proeeeding in eoademnatton Is f�e0.Tnistor sh�S!promptty rro�fy LenQer In wft(ng,and Tn�stor ehaU pmmptiyr talce aueh ;,.s�°—
<br /> steps as nsaY be npCOSSary fo detend tno aelton and abtain th9 awerd.Tntstor rtuy be the nomtt�eJ Oadl►�sup�OrooOediag,bullertQpr snsH
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<br /> • � Oe ert�Hea to ps�6dpa'�In the prooeemng and to be represented in the praoeedtng by wunsel ot f�own cho!ce,and Tnrs4mr w�u Qb1M6r or .�.�=-
<br /> - � cause to be ddtvored fi iendm�suoh uahumards es rt►�y 0o repuastetl by it trom Ume to�me to ponn:�t such paAfe►AaHon. �
<br /> m•
<br /> ' � iNlPOSiTtON OF TAXE9,fEEB AtiD CNAR(iC8 6Y GOYER{YMENTAI.At�THORiT1E8. Tho toltovdng prov�lons retatlng to govemmerAal tex�, � �
<br /> ,.:•,� tees anO Char9es me e peA ot th(s�eed ot Tn� ---�
<br /> Cutrerft Ta�tea„Feee tttd CAerIIeB. UpOn requast by Lender.Tn�stor shp11 exeauta stuh doeumer�ts in e��itlon to this Oeed of Tnist and t9ke ..!`++�'�'';
<br /> ��• wAat�r6s ottt�r a�Hon b requested by Lender to peAect and cordtnu�Lend6rs�en on the Rea1 Property� Tn�tor shaU retmLwsg Lende+r far a0 • �
<br /> ws
<br /> �•- ' taxes.as d�aibod betavi.together wift�eR exponses incurte0 in r�carding,R��R9 or wrfintdrtg�Oeed oi Trusl,irrciudirtg witfiout � .' ... ',.�:.,,.
<br /> ear
<br />- . QmttaUOn a0 tax�,tees,documentary stamps,and olher cherg�Wr recor�rtg or re�sterfcrg Ws Oeed of Tnut � � �..
<br /> ' � - tmtes. fie foUowing sheD wnstltute faxos to which ihis.seciton apptle� (a)a spoafic bi upon thfs type ot OeeO af Tnist or upon etl oi arry � �� ,�'=
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<br /> `i' • �^ • paA of the tndebteGness secured by Ws Deed ot Tnuk (D)a spedflc tax on Tnistar wchtrfi Trustor b aut�odzed or requlred t0 deduct trom . •
<br /> ' '�s% payments on tt�Indebtedness secure0 by t�ts typa ol0aed of Tnak (c)a fax on fhs tgpa of Deed ot Trust chargeabte egalnst tAa Lender or �
<br /> '� � . ''l"��� the hotder of 1he Note:end (�a spedfrc tax on efl or airy pallon ot tho tndebtsdr�s a on paym�nts ot pdndpat an0 Irtte�est mada by • �
<br />-� �.i;�';`�-`�� Trustw. eb , �.' � ..
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<br />__ �"i��;':�,' Suhs�qucnt Tm�o.1. If arry tax to vih�h ths seetlon eppGes is anected sutsequerd ta ti�dr�of thLs Oead of Tnut,thls event she0 have the �� •, � ;
<br />=� � sama ettecl8s an Event ol0eta�Lt(as deflned betow),and lsnder m3y ewsrciss erry.�cllt aC Its avattabts ramsdia tar an Event of Oeta�Ct es . �
<br />=;!�.,.� ,,`";�,; DroviQed DeIoN urPess Trustor eitR�r (a)Pays th�tax Oefore H Deeomss de(irtRuerti,or(�)�the tax as provtded above in 4�e Tmroa end . . ;�,•�
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