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<br /> . ; .� o!�2y tefls DEED 0�TRi1�T; 9��' 1��i �d Pa�e 3
<br /> , - . y �.oan No 7��889 (Continuedj ,�.
<br /> ��._'.
<br /> • ' � Atpht To Conhal. Tn�ator m�y wtthlea�d p�ymtnl ot any Guc,ats�aan�M,or clpim in conrncticn with a good latth dtsputo ovw 1M obli4aL'oa �_.
<br /> ' � ?� to paY.ta long os Londa'41ntKOS1 in iho Propedy is�a1�ao�ardtad. If 4 Iiva adso�ar Is fited�s e ros►dt ot rtangiyrnent,Trustor sl�aM�ettNn -
<br /> ' (itt6en(16)d�ys aftar tt�U L'afl arisea ot,it o nen ts f:lasi,wltNn ttRe�n(t�)dayo eRer Tnistor rtas not!ce of the t�llr�,eeeure tt�diselyrps of th�
<br /> 1
<br /> ~ � ' tien,a It r8quested by lcn�ar,deposlt with Lender r.ash or a eulNelant corporot�6ure1y bortd a other�ecurl4y e�tt3tnctory to Lendar tn�n
<br /> ' ° �. amount suriic�nt lo d�harpe IAS Oon ptw any costs and att�roeys'tees a ot1�charpes lhat cauld a�ue a�a rKUit al a fanciasur�a sa�a ;
<br /> � . � unsar tAp Iten. In any contesl,Trustaf ehnll detend Itsetf and lendor�nd studf aat!sty any ndvers�Judgment befae enforcemsnt apa!nst!Ae
<br /> ; • :..! PtoQ�ty. Yrusta ehap namo LinEiw its an oddtttarsat ob13g�ttndet any surafy Aond furntshad Ir�tho contast proe�dings.
<br /> ' EvFQtnc�pt Payma�� Trustar eRcli upon demand furnbh to Lender eatSSfaotory wld�nce of paymenl o!iM twxq or es5essrt»nb and ahril ��-
<br /> � - .�•:� aulhaiie!he epproprt�le Qo�rarnmvnta►oi'Ietat to d;�tY:,r to Lend�r at any Hmo e e�iten et�tamant of the texes end assessrtienb agntnst tho �,._:�
<br /> . Y:
<br /> ry Rry� Pr�Y. �_
<br /> Y,,;;;;Yr1A�.� Noik�ot ConstruMic�.Yrustor shalt eo8y Lertder at iaist Rfteen(16)deya betaro any wak Is commenced.any sav6c�s oro NrMSfad,o►nny �_-
<br /> mttortab an aup lied to 11sa Properly,i!any moahaNab lrn,matsri�tnson'e Iten.a othK Ikn coutd b�asswrib on account o!t!r woAc,
<br /> ' ``'"'��.� s e r v�c�s,or mat�s. Tnutor wUl upon roqaest of Lend�r himtsb to lsnder advana nssurancts aatistactory to Laider iMt Tnnta otn and wfH
<br /> � .+ pay ths eosl of auoh Improvements. �
<br /> • _ +'•}� ' _-
<br /> �� PROPBRTY OARAAGE�NSURAN�E.The idtowinp provtslo�reletinp to tnsudr►p the Pro(»Ay are a part of 1A�S Oaed oiTrust.
<br /> � i �ANnt�n�nee ot insuranes. Tnistor shaY procuro and malntaln poliebs of flre haurence with at�nd�rd extended eovaropa ondor�nb on n � -
<br /> • �pltoamont besis tor the fult insurabte vatu9 covsring aU t�rovemenb on tM Wtl Properhr le an emount suAi�knt to avotd epp9c�tlon M�nY
<br /> 'L• qaht�llty I�urenee in such overepe moun��I.e�d�mey request withnhuste�a dtt.�aeler befnp�u ed as tdc3i'lamz{�ins�in sueh��
<br /> � tnsuraece pdicles. AddlqoreaG�+,Tastn�shatl msintatn suah other tnsurence,Indudln0 but not Iim►lod to hezerQ Qrrr�ness Ui�rtuPUon+and
<br /> ;; bd{er��saram��as Leeder nuy reasen�QmQuke. Policivs shali be written in brm,amounts,eovemgas aad Qasls r�asonaDiy�oo�pt�bb to
<br /> . �� Lender artd Issued by a compan�or camR�s e�se�abh►e�P��e to Lent�ar. Trustor,upon ro�u�t�4 te�,+K�det(ver to Lsnda hom �
<br /> Hme ta 41�the peltcles o�ee�tiYrah�04 toswren�co En c�e satlstactaY to Lende►�Inotudinp sdpulntloRS fera9 emraa�s vii;f not be canceNSd or
<br /> v�
<br /> dimtn`shed wile►cut c�t Oa�st qn(tm)d��s astne wrEYtcan reo�co to Lender. EBCh Insuranee po00y eb0 Sh3'a ftf�elttdr3 An ea�misement provtdinp that
<br /> , . aoverag�in tavor o2 Lortdaz rr:l ozot Oa i�nga:�-od tn am►way by any act,omisStaa ar defauit ot Trustor oe eaY c�'�ar�.�oi+. Should dq Res� .,• .
<br />:.;i1� • PreQerty at any tlm0la�oire�loeatsd En an area�tad by the Dhentor ot the Federel Emo�pency t�rartaQe:e�nl A�erxY as�cP���
<br /> �: t�rd area,T�usto�agrees to eb4eln end main+aM Federat Floed Iraturanee for ths tull unpaid P��������Qn•��Nr m�dmum
<br /> �oticy limYts sat under 4Aa tdaUonal F1ood Insuranee Rircgraen�er ns oihar►vise requlred by Lender,ertd M rrtalntaiu�aucA E�uranoe ta tl�a lerm cf
<br /> =., �;� thOloL�+.
<br /> ApPlical�on ot Pta�c��s. TNSter shtill PromPby noti4y lender of any tess er dart�s to the Property. Lendsr renay rtiaBco�root of lass If Tnuter
<br /> ���' /aA3 to do 8o wflhlrt fFtd&or(15)d8ys of tAe ceswsftY• Whethet ar not lettdars 88Citriiy t3 lmpahod,Lendor mey,a4�s a�fe�an,reoeive artd retafn
<br />:��{°, � the pTaceeds ot anb dnsura�ce and appFy ihe pmc�a�Ba t1�e ted�tcHon of the Indebtedne55,payment ot any Aen 1�ftec2irtg!he Pro r .ar A►e
<br /> f�QTA11Dn dRd Ygjl9ff 01 ihA PfOR6fl�l. lf Lendar¢}�Qa apply tPie prooeeds ta restoraUon and tepatr,Tntsta sP�U repatr ar lhe
<br /> . . damtiee�s ar destroyekl ImproYamon4s+n o manner sa�isiacterlr to i.ender. Lender ahalt,upon eaUs�actaY Proot of suct�e�paen�tun.PaY a
<br /> r,±:. • ,,��,�;`, retm urss T�ustor Bom fhe pra�e6&ior 1?�e reasa�►Ab�a eest ef�spair or re�toraUon M Trusta Is nat In detauN un0er this Desd ot Tnut. Any
<br /> ". ��t pr ads wHcA hava no�been dish�arsed within 1&Q @eys aRar thetr receipt 8nd whSch Lender has aa!commllted to the repalr or rosto�tNon of
<br /> �:;.a:;: ;.;'�• '� the tty ahan�e•us�d�irst b pey any atnount c�wing to Lender under this Oeed of Trust,then to pay aoauad Int�1.and the�srt�ind�r.It
<br /> �� •l� ' a�r.60�&G•b�ePAI'�9 Yo the prkicipal ba)ance of the Indebtednesa. It Lender hotds nny procesds after paYmeM fn 1W of tha Indebtedrwss.such
<br /> h:4_ ra,�-° prpGp�g�g ghg$be ssal�7i iol'wsior a5 Tiu5tDi'b kit8i'e5ffi m3y si�ip.~S. _
<br />=i�'';�i;•••,�", � +r',t.,, b lhis
<br />^.,,e,.� ,.�'j,��.�;z Une�qplrtad Ineunrteb�l Sate.Any une�ired I�urance shait inure to the benetit of.and pass to,ths purchaser of Ibe Propedy covend Y
<br /> ::z�.3tr�;:::�;�;• Oaed el7tust at amr irustea's sete a other safe hetd under the provistons o!this Oeed ot Trust,or at aay euredosuro aata of such Prepwb.
<br /> .;;,°.:5^�y:J_�ti r TruatoNa Report ot�Qneurettce. Upon request o!Lender�however not more than once a year�Trustor shaIl tumish to Lender a ropat an oach
<br /> z'trr:"••"':'x " existlri0 Pa�Y of InsSe7ance showing: (a)the name of the Insurer; (b)the dska tnsured: (e)the amount of the PoicY: (d)the P��b Insured.
<br /> ` �'�'' '�'�^ the then cwrent roptpoomsnt value of such properly,and the mannet o}determ(ning that vaiue;end (e)lhe expkatbn date ot tla PoiiaY•
<br /> h\w`� �..�;��
<br /> :��`�� Trustor shaN.upon requa�t of lender.have an independent appreiser sat�factaY to 4Onder dete►mine the cnsee vat�c�u�t�nwnt cat W ih� ':-_-
<br />�'� `' ProPertY• -
<br /> .`� "' F7(PEN�I7tR�E8 BY LENDai. If Trustor falls to compty with any proviston of this Deed ot Tirust,or If anY Az�an or proceeding ts ccmm�r�ed tha4
<br /> y����� would materially aflect Lenders Interesta In the F�roperiy.Lender on Tnutors behalf may,but shatl not be requlred to,take any�ctlon t�t L�ndar
<br /> -:� �•`" --'.' deems appropAate. My amour►t that Lender expends In so dolnp wfu bear Interest at Me rete provtded tor In the NoUe Irom tha dato irwyxrrd o►pa�d
<br /> �`��.--�� by Lender to the date ot repayrt�er�bY Tnistor. Atl suoh oxpe�ses.at Lendets opUon.wtA (a)be payable on demand,(b�D be added to ttN ba4nce
<br /> --�.�,�-�� of the Note and be eppatlonad among and be payable with any irafellmentpaymeMs W become due during eithar p)9ho term o4 aml applfatble
<br /> ---=��- --- ���n�s poYcy eX (g)the ramatNng term of the Note.or (cy be heated as a balloon paymeM whtch w10 be due and payafi�le at the Nots's matur(ty. �"=
<br /> --`--�� TMS OesO or i rtuf aiso wiii seeure payma�oi ttwyn umaunk"� �+'��P�'�tar!n thls psrapreph shntt hn�n nefe�nnn m any other rIaAB ar am► -
<br /> —__,�*x��� romedies to whbh Lender rnay be enUUed on account M ihd de►aulL MY such acUon by Lender shall not be consirued t�curing the defeuM so as to
<br /> pnr Lender hom any remedy that ft otherv�isa�rould havo had.
<br /> i��;,�� q►AqpANir;pEFENBE OR tYi1E. The io!►owing provi9ions r81aUn8 to ownershtp of the Properly are a perl of thls Oeed ot Tnut.
<br /> '[ffle. TtustOt werr8tlts ihah (e)TtustO�hdds goe�i�n�rtl8rkef8b18 UBe Ot reCOrd to the PtopBAy Irt(ee SImp19,iroe 8od td98t Ot�Il WR9 etnd
<br /> �==�r.r� encumbranoes other thcn tt�ose set forth in the Reat�roAedY d�xtAdon or In anY ritle insurenee palicy.Uae reAart or fl�!Nde oP�►�4���in
<br /> --.��"�� tavor of,and saceAtad by.lender in eonneaUon wHh ttds Deed ot Tn�st,and (b)Tnistor has tAe tu►1'dpOd,power�and 8uthatty to+r�cecute and
<br />_ �.y�4c� .
<br /> � deliver thfs Oeed ot Tiust to Lender.
<br /> �--�'� Oafenss of TI�. SubJect to Ihe excap�on in the paragrapb ebove�Tnrsto►war►ants and wui toreve►detand the ti0e to the P�apeily apnir�st tM►
<br />_�--,.,,�� Iawfut qairns pf ell persorts, In lhe evQnt any acrion cr proceeding is commenoed that attesUor�s`ttusta's tttil or the f�o!Tiustee or
<br /> Lender undet this Deed of Tnist,Trustor shail detand t'rse ection at Tn�stor'e e��ense. Trustot maY 681he rtomfnal paAy in such proaMd�nO�Dut
<br /> "�Y Lender shaU be er�itted to peAktpate In tAe proo�adlnp and to be represented In the ptoceedinp by counset of 1.Anders owo cholos.tu�d
<br /> -=;�y�,:,�,�,� � Truslot will deliv0r.or Cause to be dellvered.to Lendet SucA InstrumeMs as Lender may request itom tlma to tlrtee to ptrmR such par6c�aUon. • ..-
<br /> :,a�t:
<br /> :�y°�=•..°-�: � Complynee W(th Lewe. Tnista wartards that the Propedy anc9 Tn�tors�ese of the Prope�r campltes with att exls8n0 eAPlkab �s�
<br /> ..,.r-•..�:. �, .
<br /> ...: '_:"�';` adtnar�ces,artd reCutatbrrs at y�ovemmerdat authaides.
<br />-;.. . _ CONDENINATlON. Tha SaOowing provisloris relatlng to eondamna8on RroeAedings are a part of this Deed'of Tn�st. ' ' -
<br /> °'" Apptkatlon Of N�4��da. If eli ar any part ot ihe Froperty 1s aondemned�by ertUnent domeln proceadMps or by any p�ooaodln0 or _
<br /> purehase In tleu ot condemnaflon.L�nder may al its eledton requtre that aIi or any Ro�Gon ot the rtet.proceeds of ihe award be appliod to tho -
<br /> G
<br /> ` tndebtedness or ihe repaIr a restorn4lan of the P�erty. 7Ne na1�rccasds ot the awerd shaU m9�n tha award after payment ot e0 cseSOnab4e
<br /> ,� ,�." eosffi,expenses,and atlomeys'tees i�cun�d by?rustA�Or�ende►in canneatlon wtth the condemrantlon. '
<br /> - ; �i:, Ptoeeedinp�. If aml P�e�rtg In eondc�mnation 6s @lad,Ttustor shatP PromDt►Y notHy Lendet in wrillrty,And TnRtor shall ptoreFlly tphe su� -
<br /> : � �, sfeps as may Ce�er�►to detend tl�e acUon artc7 abfaln the award. Trustor mey be the nominat p�aAy in soxA prooeedtn�,but Lsnder sl�
<br /> a
<br /> be eMitled to�art3�ate in the proceeding and to mo re�reseMad En the prooeed2rug by counset of Hs own cer�ico,and Tn�stat wiN ddi�r or
<br /> • . t:�' cause to ba deCraea�d to lender sueh instrurrterds as r�nay ba raquested by tt from tlma W Ume t0 p�rnit Such p�rt�dp�iion.
<br /> �'�':" :. .
<br /> .,�F,.,�, . ' lMi�TITtOH OF 4AXES,�ES AND CHRRQES BV GUYERNWlf9�1T/�AUTHORITIES. The taCawlrtg provislons relaU�p to gov�tti
<br /> ' . . . . ,i��� tees rYrtG charge9 aro e pruf of thb Qeed of TrusC
<br /> _Jr:u���u�nri wO T rD sM fn4o
<br /> " ' : Cr,a�rC�err,9 4�res„Gce.s ensl CAerpes. Upon requ�t ay�ander.inrsim si�m�au��uw��;�.;�;.�.:.�.�.a,.,.o...,�...p..---..._,.__�_
<br />- ' whatev,3�o�e r,�a�b requ�sted by Lender es gc�e�t and eoMinue Lende�'s Lan an tRe Real Property. truster shalt re1Rb�crsa L@nder ter ai _
<br /> . tazes,8s dasu'�98d below.logether with ati a�rses incturod In reeotdrtg.gcm7�ctir�or conUnulng thls Qeed Of Trust,Erttta�rtg uRtt�au4 _
<br /> ra,
<br /> . Iimiffition aY taues,tee�,docunterderY stamps,and otl�er charges ter tecotdirtg or roylsterfrt(�t�s Qsed of Tn�st. _V
<br /> �� ' 7�:a a T h e t o tt o w in g snatl eonstitute fazes to whieh tnis s�on r�D��es: (a)a spedtio fax W¢arr this type o!Deed of Tnist ol u^itan oU a any _
<br /> part ot the Indebtedness secured by ih�s DeeG o!Yn�s9; (b)a�cltie fax on Tnrs tor w h l o h Tn►s lar Is a u t h o r i�o r re q u l re G c o b e d u e 1 f ro m -
<br /> payments on tho Indebtednesa seaured by tnls ty�o a4 Oeed of Trus� (c)e tex on this fypa ot Ceed of Tnist cl�rpc�able a9a�nst th9 Lendu a ;
<br /> ., the�older of the Note;a�d (d)a speeifcc t�c on dl or any portton ot the Indebtsdness ar on paymenffi ot prfncipal and tnte�t made by _
<br /> Trusta. _
<br /> !' J Subsequent T�oces. If any ten to whlch this section eppiles fs enacted 8ubsequaM to the date of this Oeed o!Tnist,this eveM sAaO Rave lNe __
<br /> ' seme eHect as an Event ot Defautt(as deftned below),and Lender may exen�se amr ar ell at ib avatlabte re�nedles tor an Event ot Oetautt as e
<br /> • ., Provtded Delow untess Trusbr elther (a)paYs the tax betore tt becomes deltnqaent,ar (b)coMests the tex as provtded eh4ve En ths Tazes aed _.
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