|
' "=� - - - __
<br /> _��I ` - — --_ _ -
<br /> . , , .� � ,� � _ „� ,f
<br /> . ,,,...._._, � : .. � � . . . - - . .... .._ .. .. .__. . .. .. ,
<br /> ��:-. _.�.�:r...+�-..._._ =.4�....+.�.,._�.`._..._ ... .,'_'_'`_ � �: . � ' �
<br /> -� �� ' . . . . .. -`
<br /> }�
<br /> 09-1rt998 DPcIED OF TiiUST Page 3 ;' ,
<br /> � �a��o��� ����u�� g$— �4;�a�o ���� t : .
<br /> • � � `� under thg lien. In eny cont�R TNStor stiBU defend iLSeU and lender and ShaU Satisry er►Y 8dvarse Iudgme^t 0efcre entorcement agair�st tt�e < < � , '' c
<br /> , ` 1 ptoDerty.Trustor sAaB name lertde�8s an ad�tianal obtig�und�any s�ua'i bond pu�►s�etl�n 1he coc�test vroeeed'ngs. �� • .
<br /> ,. .. ..� Evtdtnte ot PaymEnt. Trustos sha8 etpon demand turmsh to LendBr 53tisfaCtaiY svidance of payme�!ot Uta faxes or ass95smerti58nd SBatf • . << .-
<br /> .a authpnte the eppropc�te govemm2n13t ON�Cial t0 dehv�t0 Lettder ef eny tim@[i wrttten Statf3�nfrt af tha faxes 8nC a55�5ment5 ega��t Ihe ,
<br /> � . . .j `� RrGpE11Y. ' .
<br /> 1Vottce Of Cosubuetlon. Trsutar shaR�obAr lender at te�st 6ftee�(15I d91fs bet�e anN arortc rs eomrttenoed.any 59rvtc�s are tutaRShaO.a�r an11 ���
<br /> ! �are supAUed to the ProD�1/.d any mechanlCs Gen.materiaimen's Een.or other lien eot�d be asierted on accowtt ot Ur�wak.
<br /> . :..,'f senrioes.ar mafe�iats. Tnistor will upon reques!o�lenQer Mntsh to lender advanCe assur8noes SetisfaCtmY to Lendet that Trustot ean and wiD - - .- -
<br /> ,. .� pay tR0 COSt Ot Sueh imyrovements. _ ;' ' � ,. `:
<br /> - -`� PAQPEAYY QAMAGE IPiSURdY10E The tc+'JawiRB Orov�a�ra�ic�+Se,uin8�he�Y�a p a r!o!i t r s Q�d a 4 T n r s t.
<br /> F � --r
<br /> dTffinienEnOe o1 tnsuranee-Tn�tor st�a8 G►ocute and matnlaln DoSCi�af fire iastuanoa with sfendard e�ended covEUeSo endOr56�nts�8
<br /> ' rep►aoemertl basls for the tuU ir►s�uebls r a lus covemi9 a���r o v e�e�s a n t t m�e a l P r o�r t y En en amow�l sut5aenf t0 avotd appfx�tion af anY _
<br /> . ccis�urance dause.and with a standard mo�gagee ctause in ta�mr ot LenAer. Trustor sh20 etso procure artd maintafn oorr�rehertstve Serteral :__,_ ..._ _. .;_
<br /> ffab�tY tresuranoe in sta�cave�a9e amounts as lendar maY�eQuest witb trusflae and Lendu beng nemad as add�tionai irsurads in sutA fYaE�ity . ..
<br /> ir�suranee Pcades.. Adddionally►.Trustor sha0 matr�taEn such other insivartce.Fr.dud�rt9 trui rrot{united to AararO.Ousicsess inEem�ptlprt.and ��r::._�, : .'._•.:
<br /> . � ta
<br /> baaer irQUrance.a�s Lender may cessorrebN�eQune. PoGdes s�aD be written�tc�m.amc�ts,covFxages and hasts reasonaDry aeoep�hTe to :�
<br /> s aD :.
<br /> � Lertd�and'e,s�d Ey a camDanY or cort�parr�s ressonabh aooeAffib�a to Lender. Tnutnr.upon reQusst ct tander.ro�tv�n�t be��en�ed� :��•.4_�'
<br /> ' time to time the Po6des cr certifiqtes ot Insurance in tartn saC�taetarf►W Lender.hu3adtn9 560Wattons lhat toveta8es �= ��.;;<,;_:_;
<br /> d�miriiseed without at tea�t ten(t0)da1i�O�or wr�Oan nodCe to Lend� EacA insuranCe 0�f/eiso shalE intiude an enQmsemetd ptDVi�n9 tha� . , ;'Y,;;'.`.;
<br /> coverage in tavar of Lend�wID aot De�mpatred fi a�Y wraY by anl/act.omission ot 0etatCt of Trtistos or any ath�r p�son. St+ould the R�1 , �..
<br /> � prpDerty St 8r►Y time Eecome located in en atea d�stgnated by the Oirector ot the Fedet8l Em�ganey Management A92rtCY as a`�eda�.geod �
<br />-- Aa2artl eres.Ttusiar agr8es to oblain and maintain FeQera�Ftood t�tar tt�s tuli ur�aid PdnCipal batance af ft�e Icsn.uD to tn9 m9�dmum ----_��--
<br />°;�'�- �� _--_ DoLay Gm�s set under the tValionai Flaod Inswance Ptogram.or as oth2iv�ise ceQuhad by Lender.and to malrnatn s�ach iruuranee i�ftb t�m a! -- - -°,:,;�y.;
<br />-: � the[oat� .�: ',
<br /> � APAIIcBdIItt of�ooeeAe.Tn�stor st�aD promptly noU7Y�4enQer o!enY toss or dama9e to tRe Ptoperty. Lendet may make Praot of toSS�T�uslot -
<br /> ` fa85 ta do so within fifteen(t5�days o!the casually. W�sta�lms or not Lendets seeuriry is impa�red.Lender may.at itseledimn.rec�B and retain ; �4
<br />._v� . ' .: _ . _ tha praceeds ot anY insuranee and ePPh�e P��te ttsa redudion ot the Indehtedn�ss.DaYment at rsnY Gen af�sctiR9 th�PraDe�Y.ar fhe , , ,�
<br /> �,<. ..:�. . • �storation and repair oi t�e RropeAY• It Lertdere�dd�.tR:ePAA/�Procaeds to t�8f[aa and�ep�r.Trusto�sn3fk rapaU os reptaca ths �;j�
<br /> eP
<br /> ,���,�: damaged or d�trnyed tmprcvements in:e inanner�ory to Lertder. LBnQet sha9.aPon satistadary proof W such•a�artd"�due,Pay ar
<br /> � � r y. � ' rei�nbwse Tnist�r from the R���:�i��on9Dte cost ot r+epatr r7r restoration if Trustor ts not in default under tfis Oeed ot Tnist. Any �"
<br /> . ;,,�,, _ �. l�y
<br /> �•,�s���,}}� proceeds wh1cA have no1 beer�d"abur�t jvithin 180 days a4ffir thetr rs�4'`tand which Lender has ttof eommilfed tn tiie wpair os�torat�en al -y�'
<br /> �('` r i ih�P�operly shall 6e u5ed fi�st to paY anY amounl owing to 4snder u��?ts D�ied oi Tnist,tha�to pay aeerued inTere5t,and ttte[emetrtder.it �
<br /> � ` any,Shatl be a9A�eA to the p�d p a l b a t a n C e o i t A e M d eb t edness. �t LenQe►holds arty�yza�eQs after DaY�ent in fuil of the Indebtsdn�s.SucA , '��
<br /> '�s:` ' �,:� • proceeds shau OB pa�d to Tnistor as Tnutars interests maY eAP�• . ,, t• �T-
<br /> fr ; �
<br /> . � '%1: ;:. Ihtgxpite0 Instffance et Saia Any unexpired insuranee shatl inure t0 the bene61 ot,emf pass to.the purehaser of lhe Propedll eovared by tfiis .,r���,_-.
<br /> .. ` `���'������ Qeed of Ynist at atry hustee's sale or cther sate he�d unde►tAe pmv(sion�ot ihis Oeea of Trw'f,or at any toredosure sa�e of sucA PropertY- .r�asi�
<br /> ;r..:,; as
<br /> , .. . • � ��.,
<br /> � T�usSor's Repo�t on tnsstrsnce. Upan request ot Lgnder,however�ot mace than once a year,fnstor shafl UuntsA to Lend¢r a seyOA on� . x - T
<br /> e��9 Po�f►a Insuranoe shawfn� (a)the name of the ittsurer, (b)the.r�ics ins�ued:;()1he ambunt of Me pof+Cy;.(�the Ora�mtp tn5ured. --�
<br /> ,., • . lhe then c�meM ceptaeam�nt vatue af such OraD�+tY.,sn�Ma manner oi detertn���`.vatue:and (e)th0 exp4ation date of irt0 policy. � .,__
<br /> � r Trustor s h a u,upon re q u 3 s l o f L e n d e r.h a v e a n i rt d e�a^v�a n t a p P►B L S e r s a ti s f a c t o�r hR�.gT'�ft?`?etertNne the cash value reptaoemenl cost of tne �,�.. :.i _
<br /> ,,:f� ' � �.• . . � ' • .�
<br /> �f� PropeAy. • - �;�;
<br /> ` J�4�r wf . .
<br /> �;,:�ss}k f, F3tPENDiTUREB BY L.ElfQRi. II TrustOt fai(s,'F�comPh�ti�ll Orovis tOn a 4�4��D e e d a f T?�S G c r�s;,��o n o r p ro o e e d in g is camm:naad that ' {y ���
<br /> ''• ���� . woutd materlaBY sHecf Lender's inter�ts�ra�Q�oAeRf►.Le�er on Tn�tba'�s9fE rtiBY.CW's���t 4�r.�AuireO to.ffike any adEOn tt�d tender
<br /> ' i.<�f • deems aAPt o D��- �Y g m o u n t t h a t L e n t r�e Y penQs fn so do ing w�i b e a rett t a�§t i•t 3����?+����Note imm th9 Catetneutfad or peid ', ^
<br /> ..� .,'."-�' by LenQer to the date of repayment by Tn�sta. Ai1 such�enses,at Lende�s�!��i��a�l���n"demanQ, (b)be a d A e d to U r e b a 1 a rt C e . _
<br />�;:';,-•'�'� � of the N a t s an d be 8pp m t i ort e d a m on g and be p a Y a ble wtth arry instatlment pa�rn6-�fSsia.�aaar�dde Quring either p)the tertn of etryepp'�cab's , ..�..-,�-
<br /> • insurar►ee po�cY or Qij ih�remalning term of the Note,ar (c)De treated as a�car.�ai�r►an?1±t�s+ch wiD be Oue and payaDle at the Flt a t e's ma t u r R Y• '' �:,,.��r
<br /> �, .�•, ; �
<br />'' � This Deed of Trust also wi0 secure OaYment ol these amount5.The dghls qio�3�!�t i�"�'�ks'D�aPh SRall be in addtion to ar►y oittet d�fis Orany �„�
<br /> �,�, � • �.B'ttfisSheU ItOt 68 COn51Ned 8S Wd11g thB d8iel�60 aS t0 , .�;-:
<br /> ,�.� remedies to wt►�ch Lender may be entitled on account o1 the detault. AqY�ui:�a.-,:r"�b1+. ' : : :,,,���_
<br /> • bar Lender irom any remedy that it otherwise woutd have haa. ,,. .�. � ��;�
<br /> • ;:` _ . ����'.
<br /> � WARRANTY;OEF'ENSE OF TI1LE.The tnllowfng prov151o��etatlng to oHmars`��of�'P�aA�r{Y a�e e paA ot lhls Deed ot TNSf. , :. �; --
<br />��r�`'s � nne. Tnutor wartants thak (a�Tnistor hotds 9ood and maAcotabts tiUA ot recarQ t�1�tE�aDe�Y in tee simpte.tre9 and Gear ot eA 68ns and , . . �f , .'• ,
<br /> _21r�� �� � .� 8CC
<br /> t �:� . encumbranees flU�2r ttren It+ese set loAh in the Fteal P�o�i eRY QescriDt�orf or ln aAy frL�ins�rrsnce�oGcy.tiUe repoA.or final titte opiNOn issued M• . t �.=_-.
<br /> �" , � s'� ,1
<br /> i �.; ,'r�;;'�'" favor ol.and aooepted by.lender io eonneetion witA fAS Oeed of TnKt.and (by7ni�as'!l�f!t$,t.��'tgM.power;8nd authorfly taexeCUts and , ��
<br /> �;� f�`Y�• � defiver this Deed of Tn�t fo lender.. ' �'�
<br /> y�?.iA'�. �' trc(WilWVC,
<br /> •�1 ,f� Oetett59 af TtttB. SubjeCt to the e�ey4hn in the paragrepb ebav8.��ta�'be warre��s ane w�to?a��r do�3nd the 6U8 to the PrOpeRy�{tAit�1!�e .���
<br /> ` . fawNl ctaim3 ot all p�vso�s. In ihe event arry action or praoeedng ts commenced tt�,'41+�s��'T:rstors Utte or the Interest at�ta:�ia°.•cr ..;�:e�y_�:,:;
<br /> ' ' Lender und¢r th�D�otTrust,Trustor shall defend th9 attion at Trus.'prs expense. Tir,�tLr mgy be ihe nominat parly In such prae6�l�ig.bi2 � �... �
<br /> ' Lender sl�alt be er�7s2aC�.to partieipate in tAe proceedin8 and to Oe represented la 4hd proeeeding by cnunsel of LenQers own ehotce,ene ,'' ' 3��`s•�
<br /> J C ti.��., .. �=-
<br /> � ,:• ' Tntsta wiu deGv�,oc cause to be de6vered,to Lender such instrum2�'r:s es I-endar�rny�a�u�i from Ume to time to permit sueb artidpa�an. � _
<br /> , �_ .. CAmp1!anCe Wlth I.e�xs. T�ustor wartants tti31 t4►e Property and?feus:afs use o[the Property complies wlth all exlstin9 BDWc�[e�aws: , :•.�.;.; , '.: ,'. .: „',::,�.;„
<br /> �° ardlnanoes,and cegutaUOns of governmental aulhorlUes. � . , ; ` -
<br /> CONDEMNATtODI.The tallovring provLslons retaUng to CondemnaUon proceedings ere e p�st ot thls Oead ol Trust `- . . ,
<br /> . llpptieatton at Net P�ooeeQ�. If atl or aay Darl d+Qhe�P�op�yr Is condemnsd b���ac+tnent domain preoeedmgs or by any ptoceeding w . '• �. . .`:
<br /> ' � purehase in Oeu of tondemnaflon,Lender may at iis�I�Gon repulre that all ar any parUan ot tAe rtel praceeds ot tt�award be appfled to the �, �r
<br /> � Indebtedness or tne repak or�taa`'s�t o�the Pro�Ra:'The net proceeds of tAe�ward sha11 me�r►the award aftFt pff/ment of aU teasonable :� 1.�:!'!•��:`�•�;�;:•,` ..
<br /> ',•t+ ��rs r
<br /> '���� � eos15.expenses.and altomeys'te�o*+a'?Red by Trust�e or lender in connection wftt�the cbndemnati.ai,. ,, . � <<X��"`,_•
<br /> �'�`^';;; • : yt
<br /> � • ��;��:�' . Prateedings. H any proeeeding in p�r�l8mnation is fited.Trustor str�pcomptty rtt�1'��Lende�In K�i+Srp.�xid trustr�Snall prorrq��;Ud�wcA ' .�`t�. „
<br />_��,',, ' s iep s a s m a y ba n 2 c e.a s a ry to defend fhe acflon an0 obtain Me aararQ.Ttuster m�y�81�e nomtnai paRy in suCti p:as�dn8,Ct�l;�t�fi shan . . ,
<br /> a
<br />:,;'�i'.� be enll�ed to pa��n tho proeeeding an�to be represented ln thA prowe�re�m�eounsel of Its awn eho'.ca�1'rus far a 4 S��t l v er ar
<br />=° ' cause to be deP►va.�a�d 4�::andei such InsUuments es m3y be requested by il from t�rr+a'10�Yme to parmit sueh partidpa4�� �. `� ,
<br /> • IMPOSITICN OF tAXE�..�s AND CHARtiEB BY¢OVEANMENTAl.'A!►7KORITI�S: 7t►e foltowing provisions�elating to governmartt311axes. : .
<br /> � ' � fees and et�sges are a�arc�f ttiis Deed oi Trus� . � . -
<br />�: ; ���Taxgg„f�.;a,��Charges Upon reqt�st Dy lender,Tn�stoa s»a►1 mcecuta SuCh doCUments In adffiUon to this OeeO of Trwi.ea�Q f:,Y� •-
<br /> ' ed b Lender to per•fr�'d ana conttn�lertders Uen on 1he Reat Properly Tnisfar Shatl re►mburse tendsr far�11 � .
<br /> whatever ottier a,s�s�►�sequest Y
<br />- � taxas,es describo�Ca�ovi, fogether witb an eo�er�-ES�ncurred in recarding,p�ing or continuing thts Deed ot Trusf,irtduding withoul
<br />` . ' ' ' limil8tlon all faxes.fees.documentary stamPs.and d"�?r eher9es fu►ra�rding or r�edng thts Oeed of Tn�st. ..
<br />� `�� . � Teae9. 7he toliov+ing shalt tonstitule taxAS to which this Section apaqes: (a)a sptxiAe tax upon tNS typ9 of Deed of Trust or u�on aD a arry
<br /> par�ot the Indebtednass secuced Dy this Deed of 7rus1; (D)a spociflo t�c on Trustor afi!ch Tnista is aulhoA�eO or requlred to deduct trom .-
<br /> paymenfs on the tndebtednes5 secured by ttils iypa o}Oeed ot Trust; (c)a tax on 1Ns lype of Oeed ot Trusl chargeabte sgainsl the Lender ot
<br /> . t1�e holder of!he Note:entf (d1 e specific tex on all or anY portion of tna IndebteQness or on paymenb oT prinCipal and intetest made Cy .
<br />- � Trustm. - •
<br /> ' • SuOsEquent Tmte� 1!eny tax to whlch tnis secUon appttes is enaeted subsequent to Ma data ot ifiis Qeed df Trusl.lhLS evanlS�aD Aavo the , , -
<br /> same efteet as an Event ol 0afa�dt(ag defined betow),and Lendet may exerclse 8ny or all of its avaitable temedies(ar en Event ol O81aNt as ••
<br /> . provlded bBtow ur.tess Trustor either (e)pays the tax betore it becomss delinquer�.or (b)contests the tax aa provldea abova in the Tex9s end •
<br />= " liens SACt�On and Qepa�ls with Lender cash or a suf8clent corporate surety bonC or otder Secunty sabstactary to LenQer.
<br /> � • SEWRIri AGiiEEI'AENT;FINANCtNG STATEMENTS. The foltovdng provis�ons retattng to this Deed o!'rust as a securfty egreement are a parl of
<br /> _.._�- --,- - thi5 OpAd of TruSt.
<br /> __ __ _ ---,,.
<br /> � Setutlty AgrCEment. This insbument shAll Constitute a sacunty agteement to tttA extent gny ot t�e PropeA�1 eon�tutes toctures �oihe►
<br /> + •°f _ • -
<br />.'fc�, .
<br /> .
<br /> . .
<br /> .3 � __ _ -- - _ - — -
<br />
|