|
\(
<br /> - �/:l _.
<br /> . � . _ _ '.. � _. •• . .
<br /> � � . _ . , . _.r �'{,`•:-��; . . . . � � . . . � ' � .. .
<br /> .. ... C. . �. ' . . . " . . .. . �
<br /> . ��' t`� i . _ .
<br /> ' _ . . ' � ��C�. .•. �C� . �a - r..��,._ .. _ , .. _ .' .� .. ' _. ' _ _���:��^L�. .
<br /> � _�� ..�.. �___i .. .. _ _ . . .. .. !1 � -
<br /> . ' " '( ;"'_—.'� . �.�.. .. �.{ ... ' '
<br /> 1
<br /> f
<br /> � t 09-1�1998 • D�EI?�.7RUS�' . � Page 3 �_. � �f�
<br /> . � _�� Loan Ho 794Y27 cc�����a: g� ��!►� �, , . _..-_
<br /> - � �'�� � . . . ,
<br /> ' � Roperty. Tntstar shal►r�ms 1.ender as an add�ienal obt�ee unQet 8ny,5use�.�qtrd.futMs�ed in t�e eontesi prp�eed�ngs. . • �,
<br /> � ` Ettldmreee o!PaymBnL Trustor shat!upcn demand turnisA td Lertda�5atisiactary evidence ot payrrient of the taxes or assessmenb and shatl �; , :
<br /> ` • �� aulhorfx�the ayproyriaGa govemmentaJ otfidal to de�iver to L9nddr t3t�anY.time e written statement of the taxes and assessmenls agau�sl tha . . .
<br /> < � �oDeM• . • �.
<br /> � ,� .. � KoIIea oi Canstructton.Tnsta sAat!notify lendar at i�t Kleasl.tS$}:days betare any work is eommeneed.arry servtc�ate tumisRed,ot eny
<br /> , ! materia►s are supp�ied to the Proper�ri rf gny meehar►'a's l�a.ntate►iatmen's Iµ�n.or olher Uert cautd t�9 a�seAed on eceouM of ttsa wo�i�. , . .
<br /> � senrtcas,cr materials. Trustar wiU upon requesl ot Lender tur�tsh,to iender advanee assurertees satisfactary to Lender U�a1 Tn�sfa can and will
<br /> pay the Cost of such improvement5.
<br />._ . _ ._.. ,:,.� PRt)P�iYif ii�Blii�£i�StiRAFt�.T`�m taau�ssg��alatin�tv�SU�ncJ the Rope�h►e►e a part ot th�s Qaed af TrusR � - -
<br /> _ • fi "
<br /> � .,: Matntertanee o?pnswin�. Tn�star sf�Procure and ma#maia Ao&�c'+es.ot fire ir�gwance wDh star+dard exte+►Eed covera8e endarsemes�on a
<br /> � • reptaosment�asts far the tuD insuraLta vatue cova�ing a�1!q►C�BRlenls on:trie R6mt ProOertY in an amount sNfiaEnt to avoid eppCeallon of ar►y
<br /> ` eoir�surence ctause.and with a standard mcdgagaa csausa i�:t�varcftsnder. Trusto�shall atso procure aad maintain comprsAensive gene�af� �?-"�.�-.=-.,.�-_...__
<br /> - � fiaLi6iy i�urersce In such coverage amaurts as tendEU may,�qque5l eV+�trt�stee and lender beir�g namad as adt!'itionat insureQs in sixh 6a�1iry .{-.. .
<br /> 4q • ' •. :
<br /> inswanee pa6aes. Addi6onaUy,Tnutor st�mrair�hdn,SUtfi:Mh�insurence.irttdud�rtg but not Ilmited to hazard.6ttsiness intertup9on,end i:�:;-.-1L.:. ,;_ :_-;
<br /> • bo�T�Ir�surarue.as Lendar may.reasona6t�reQUice. Po�sttt�.be written tn form,amaunls.cmrera5ss anC easis reasanahly scceDfahle to �... , .-
<br /> ` LendAt end issued Dy a competry.or corn�tAnies ce�otiitllhi'8usu11t8b18 to Lender. Ttustar.uDcn rapuest of lerrder.vn'�deWer tc Lender irom . .:::;:;.::�..:,.�:
<br /> fimo M ttme tfie Pofldes oc cerGfioat6s o!insurance irt:tmm.��Ctill to lend�indudia8 s6Aufa5ans that couerages wP!nat 6a ctsncellad er . , .::.�
<br /> � � ., { dimintshed wlttwN at teast ten(10l daY�O�inr uMrittHn.na�a to lender. Esch taswr8ace Da�Y eiso shalt indude en ertdotsarrtent P�ovi�ng that ::,!1' `'.{.::::
<br /> 2 cmreraBa tn tavor ot lendet w,1t not be impair�d•in arry,waY bF�Y ad.am�sian ar defeuit of Truspor ar any aifter Bersae. Shat�d ttte Raei { . -;,.:
<br /> ' � s,.=•. Property at a�r fime becam9 tacated in en aretl d�gn0ted Dy the�ire�or of ths Fad6rel Emargen�y Martaqemem RR,ency as a spedal fluod _
<br /> � �- =�� he�d eraa.T�a�lo�leia and msinSain F�1 Ftood Inswanes tor tha tuit�u�paid prindpat balanw ef t�tgan,�rs t�the rtm�dmum F � _y„� -
<br /> '°,`,4!`:: � .� paGcy�m�35 sei uader the A'atianal Haod tns�uan�Nidgram.or as otAerwise requimd by Gender.and W maintain s�di�r►siaancetar Ufe tsrm at , _
<br /> . �
<br /> ti`;'rt�r'� . tt18 to3n. . � �'�'
<br />- � ,;�?;• .._. :,;� MAQCeHOn of Proeeeda Tnistas st�s1!pmmptin��d�,'K�1.snder of ar►y lass m damage ta the Property. Lender ma7t�Praaf af tu�B Tn�tnr .• � , �
<br /> `'`k` t8B5 to do So vir.thin S.Re�rt(1b)d6yS of.ing ti'as.It�t�t,_Vlhether ar nat LendePs�Is impaired.LBnEer maY����an.�Ive a�d�in.
<br />: _`. ;,, �: .: .
<br /> � .: � the proresds ot anX ir�uanw and aaPh`•1�e A;aoae6s b•the reduc6an of tNa trtdebiedness.Payment ot any Eert aftecNng the Propedy.or ttie ,_, ��i..':
<br /> , <��� . re.staa�tien and repair at fha•p.tap�ed►y, ir�Lender.et�ais to,eppfy.the proceeQs!�re�te�on and repair.TNStOt Sh811 repeU��pt808 tfiB �,�r�_.
<br /> �' "51 •'"��'. ��`..
<br /> �`?�>;�(;. . tl8rt�ge�l or de�traNad Irtipi�qvbmant5�n�a rt{�nner se�otacK to Leoder. LenQer sheD.aPon 58ti5FaCtorll Oroof of SuCh eugertditUa.VAy.ot -- .. ;�-
<br /> ,,.;;�.{s� `.-,,, ,�
<br /> .; x..,k,: -.� t�,+rRiiu�sa Tnistar trnm tfta ptACes�tar`ilta rp�5onahR�cast•of rettaFi or restoration ft TnsGOr is not in defauR under th�Ooe�aRTrw'L Anfl .,•.fr.::
<br /> `�r•.•��.. .. p,�ds whkfi fiava naf:be�in.d�1l+ted?Nd�ri�48U�days afte►ih��sceiPtBnd wiilch Lender Nas rtot comrtulted to the repair or!$storadon ot ..,;;,� � �
<br /> 6XrcY ..
<br /> • • H1a itroperq�.shatl he uted fir�t ta�ytlm,�mautltlo.viFnB to[snQer under this Deed ot Tnrst.then to pay actxued IMerasC end the t8matnder,U ,;
<br /> � ` ,..,;. . any,sheD be aPp�d iti the psinc�jtAt.bal�,npE!n1;Nl�indebteQness. It Lender hotds arry Prooeeds after paymeM in tuU af t�e IndeOtedne5s.such ,:� _-
<br /> _ - � preeeedsstt�D6epadtltnYcuafa�.tif�Tnatt�':a1�S�resLSmaYeDA�• -_
<br /> _ . ' . tied insurar�ce shail inure to the Eeaefii ol,and pess to.the p�uchacet W the ProDmtyt eovered hg thES -�`v� -
<br /> iEneY�1r9d insuranCa at$aS�r.:•Mp W�exp sha ro
<br /> ' !'���y - '` . QQad af`Cnt�Yal�anY.�rusteas9;��other sete held under tAe provisions ot this Oeed of Tnrsl.ar at any foreausure sata of such RcPeAy �y =_
<br /> , ,;"�,`��.::; :. _ • _ '.�..�...°°
<br /> 7ryttp�'a R@ p m t�on tns�ci�:�on cequest of LenQer,ho�vever not mare than once a year.Trustor sha0(�unisb to lender m�qPaR on each s
<br /> e�dStirij pp�3cy.'pf iti�i�cance shmnirtg (ay the name ot tN9 irsstaer; (bl the t(sics Insured: (C)thB 8m0un1 of the pality: (d)tha C�perly i�uted� � �. ���,�--
<br /> '." ,:`...� . �
<br /> .` ,.•:S• `- . tt�a tRan•cuir6r���(��ment value of such property.and tha manner of Qe�ning tt�at value;end (e)fhe.i�.'atlon�qt!!te DaGef►• , , -=
<br /> ����;:r•.,�•�t of Leader.have ee IndepenQent epp��satistec[e�h1►.ender determtne the cesR�afcB reptacs-�entcast at the �
<br /> � � •PcW?�ST� � •.. . � . .%'� �::
<br /> {{�,� - � Bk !i TCUSYnr faits to compty wflh arry Fru+tisi�.?ot ttAs Oeed of Tru.l,ar t4 a�y 8Ct3on or pracaed�ng�s c�ar,r�aaoe0 that , �,.,,,.
<br /> t�i;� ;� =!'.{ wout0.�mat; e�af[����inta�ests fn ihe ProDerry.Lertder cur.�fm�b'S behatf maY b��+?���QuUed to,.takg art�`a�'ktF:,l�raf 1.�ndet ��
<br /> y i ;:� . deems apPcoptl�te. Atr#•e.-nouot that Lender e�ends in sa 6a1ng aq�l ttaar�nterest at the tate prw+de�:U�ri�the Not�trCn..f4+a.Eata;e�cw�zd or patd fi,��`�=-.
<br /> �t'y5:.r�f_ ` - --
<br />_-- ..FF��r..- -�.�;'t OyLertderWthsQate��f�pe9mentbyTrustor. Ausuctr,�ge�seS.a.Re�rdetsoptton.w+11 (a)bepay�sondemart�,.�t�beedde ts�ebol�nce s " •,.;��'�
<br /> � �. t� ' ' ` ot the Nots and be epportioned among and be ReYSi��"?��pny instalfinent payments to become due durfng eifher�,���4e term of eny appl�Cablfl ;
<br /> � �° in5tu8nCe poIICy Ot (o)!he temeining t9rt17 Qf Ute Note'.or, xC�b9 te8ted as a baDOOn payrttent whlch ti�d1 bA due end�ayabte at the Nat9's mahidty. .!.�� �-,..�.
<br /> ,,f a"�r� ThIS Deed ot Tnut a�o wilt secure paym�nt•ot ihese ambEi�ts. The dghts provlded tor(n ihis paragraph��a 1 1 b e In a d d i tion to an y other d ghW or an y -=-
<br />: ;,y;�;}.,� , � remsdles to whkh LenCer may be e�9d un flceaunt ot tt�e Q9taNL My such action by Lendet sha11 m:,t be consWed as Curing!he dei�utl so 85 to �:';:,��" _
<br /> t t�_
<br /> °;� � 'f'�' bar Lender from any remedy thal it otharw�s woutd have�ad. � ,
<br /> ��,I;F �
<br /> WARRANTY;aEFBI't3E OF TI7LE.The toltowing prov(sions retaNng to owneishlp ot tNe Propert5►are a pa►t ot tdb Oeed ot TrusL
<br /> Ttlle. Trtu�or wAr►anta thak (a)Trustor hotQS goo(3 anQ maAcatebte 6tle of reca�'c�a'�he Property ln 1ee slmpte,Nee and ctc�ar of aIF Gens end '� �
<br /> rr'`-• - _ . _.
<br /> encumbrantes alMar than thase set foAh In i�e Rea1�rcperty desaiptian or in ar•ij n.Ita:iisuranoe pollcy,tit►e repo„,or 8nal tit'o optnton issued in,
<br /> � , ;�iar of,end aCCepteO by.Lender in connection wlth thls 08eC��'nssf�,and (6)�r�!'ar has the tu11 rigM.Dower�anct autl�arity to execute and , ---
<br /> ` - t j�ty���+r ,!Qateve:thls Oeed of Trust to Lender. . . . , '� ` -
<br /> �gk�M1�y.. :� � ��Y�iisa ot THIo.•SuDject to the exeeption m tha pa�agrapP��c+++a:'��,=stor wartents and will4a�awer�etend th�UL91e the Ptcp�rhl�alnst the . -
<br />� • � • Iawtul clatms ol.qD persons. tn the eveni arry 8dion ot ptacee�trg is Commenoed tAet QU�G'ans Tt�tstors.`r,i�a the interest 0?T�stae ar
<br /> ' -`: � tsnder under th6�CoeO ot Trusf,Trustor shall de�rT�the 8etlon 8f Trustofs e�ense. Trusto►may be tAa rtamf�it�attfl In suCh procee�ing,but .
<br /> ; � � Lender sha11 be ent�tle0 to participatg In the pn�aading and to be represented ln the praceeding by caue�a`��'LendePs own choloe,and ' .,� ��''..;�,�,;•,'='''•:
<br /> ' Tnutor will Qeliver,or cause to be Qellvered,to L�1sr such tnstrumsnb es lender may request irom fima to fime'10 permit sacD parttdpadon. :;;�,i�;•�,��_y:
<br /> .l .� '' ;.;��'�A-
<br /> CampftanCe Wltt�Lawa Trustor warrants that lhe Froperty end Tnrstars use of the PraCe�!�/�amplies with a11 e�6ating eppGcabte laws. ,;��
<br /> ordinanees and reguta�ans ofgmrommental8uthcriUes. - -
<br /> fT' �k 4�2f f�`,:
<br />" ' � , ` CONDEMNATIOh.'�.a toQOwing provisions retaUng to conQemnatlon proceedings ere e D�01 thfs Da�`� �usL • .' ; , -
<br /> � ApAftcetlon at'►Hleft{ProCOedo. If all ar any paA o1 thB Property Is wndemnad by eMnenf Qomaln pr,oti+acRngs or by any prooeeding a`',,. ,„�; �•;ti • .
<br /> � � ' purahttsse��h:s�!l�a�tronQemnaU�n,lender may at tts election requlre that ati or eny porUon af tne net prooee�ni Me award be appfe0 to the . �
<br /> h � Ths net groceed5 of the awatd shall t,at�►n trie awariC alter payment o18!!re85on8bt9 �'�r�� n�%.;.
<br /> � �� 1n�:�dne�qr CaB repatr or res.orBUon of the Properfy. ,
<br /> ' � ca�,�r,,,.enses,and attorneys`�es Incurred by Trustee or Lenri+ac tn eonneCUOn wlth the condHmnFihun. ;,,.-;''�e`�;���;,..',
<br />� , , : 9
<br /> 3 :. ptt3roee�Utgt� Ii F.rSy�pro00edin�i:i ConOemnatto,n 15 filed.,1'�+uCr�&II promptty noUty Lendet tr wrlUng.a:1•tr,i��r she11�eps�¢,.^61p take sueh ...;:���'?���; '
<br /> , g .:
<br /> ; � ` ;f, 5?�S as inay be��Y ta defend ihe ac1ian crd et'..�n tta�us�rd. Trustor may 4g th9 nomna�p�.�^t�?y:r�t+Areceedtng�C�l Leader sh2U �.<<� .
<br /> 9. be enUBed to pe.fi�pat9 in fhe proceeding�rtd�6t I:r�repre8er.'t�01n the proceeding by Counsel of it9 e7e�cfipia�and Trustor w1t deliver w =�;,, ,.
<br /> rtd
<br /> • � �?• cause to be delivered to Lender sueh insUUmens rt�rnay be requested Dy N trom Umo to tlme to perm�Y ss�ct��Euitqtioe• ����"'�;;• � �
<br /> '� 1••.�'.;.1�:. .q.
<br /> ` �fl,PaSIYtON OF TAl(ES,FEES Atd1�.CNARCES BY GOV�RNl81ENTAL AUTHOAITIEB. TBe fo;tov.ing provtsion5�ra78ting to gavernmerAa1 tex�. � ,f ... ;:;�'>�;��;�::
<br />', .� fe�and Charges 8rA e psut of thh D�rJ o}Trust: ..��'`r�,:•;t.
<br /> ::x�e�i'�.
<br /> � � puresM Taxass,F�cee m�d Chdrgcs. Upon request by Lender.Tnutor sfiall e�uf:ul�such deeurra�is In aQditiar�to th3s Deed of Tn�¢nd fal� : . ,
<br /> wt�alevar a1h6r aelibn is�equasted by Lender to pertact end eanUnue Lertde�s(isrev�n the Ra�t Properly►. Tn�ice shall retmbursslQn�r fm alt•
<br /> • � � tex95.85 desalbed bddw. foeether with et{Axpenses Ine�ures in recording,�a"�eting ar eonUnuing thls(34m!of TNSt,indu�ng wiU'[at�Y � . �� . . �,�
<br /> • lim�tation a�4axes,fe05,doeumentary stamps,and ather chargas for�ecardirtg or ragL�tedrtg thls Oeed o1 Trust. . .
<br /> ' • 7ama Tho toROwing shatl constitute teues to VrhlcA Ihts secLOn appCes: (a)a spedflc tax upon this type ot Deed ot Trust or upon aG or ar►y _ �
<br /> ' � i ppA of the IndeDtBQnass sscured by tNS OeeO O1 Trust; (b)o specific tex on Tnutor wh1Ch Tn�star is authori¢¢0 m re0uioad lo doQucl hom , '_• .- _
<br /> ' ' � he holder o11AelNote:t end (d a speahCttar on all or any portion o1 then deb eQnes�S orfon payman�ot p ndpal anad Intorest mande by ( '- �
<br /> t. �
<br /> '. . TtustOr. , ..
<br /> ' S1thSequent TAYCS. It any fa�e to+►th�ch tNS SeC�on 8ppligs is enSCtBd sub5Bq11en1 fo the dat9 of th�s Deed of Tru51,fhiS event shall hal/e the .
<br />� • � same eHed as an�vent of default{as defined betow),and Lender may exerclse eny ot e0 at i1S avaitebte remeQies tor an Event of OefaWt es . .
<br />__ • � provlEed detow uNess Trustor either (a)pays the tax betore II OeCOmas delinquent,or (b)eontests Ihe fafc as proNQea above In the Taxes and
<br />- Ueng Seetion and deposits witb LsnQer cash or a sufF.dent earparate surety bond or other ssc�uity saGStaetory to Lendm. . . _
<br /> � SECURtTY AGiiEEMBtiY:F�NAl1CINfi StATEMENTS. The following proY�slons retallng to this Deed of Trust as e setunty egreemeM ere e part o1 : .
<br /> • • • ttf�Deed of?rusf.
<br /> . _,__ .. - .. _: �
<br /> � Seeurlty Agreement. This 1n5Uumern shall conSGtute a 58curify agreement lo tn9 extem erty ot the �operty corai�dvle9 futttues or oit�s - . .
<br /> ' pe►SOnat ptop6Ay.and Lender S�rilt have 811 of ihe rights of e SeCW00 parly under the Uniform Cammerq�t CoQ9 a4flrtsen�ed fram Ums to
<br />���, .
<br /> .h .
<br />
|