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<br /> ��� 0�16-1998 DEED OF TRUST g8'. iO PeQe 3 =
<br /> �� Loan No 793406 (Continued) ��� E
<br /> , x �� -
<br /> amoun!suffleleM to GisChmrgo thm fpn pius eny casts and attom�ys'P,,is3 or ott�r cl�r�s tl�t ea:t3 axrt+�C°a resu!!of e tor�s�.�e ar�!�9 E
<br /> 7 undar the Ilen. in nny epn:ast.Yrustor shaH detend ltsNf and londer and sheli salisfy any 4dverse Judgmant befare entorcwment�Sainst the
<br /> RropaAy. Trustos 1ha11 n�ns0 Wnder as an additlonnl obllQeo un�e�any surety bond PorNshad in the contesl proCeedings. �
<br /> kvidtne0 0!Payrt�n�Trustor shatt upon demtnd turN9h to Lender satlstaelory eNdOnoe ot p3ym9nt ot the taxes or a�essmen�and sha7 �
<br /> �� � authalts the eppropria!e gowmment�l offlciat t0 ENivor to Lertder at any tl�ne e written statement of the taxes and essessmenb agalrnt the -
<br /> . ProDeAY• F
<br /> , � .� Notia of Constnktlon.Tnata shatl no2ity tsnder a1 tws161toe»(18)days before any work fs commanced,any seMoes ure hrNStwd,a Q�ry R
<br /> matoriats aro suppIisd to the Properry,I1 any meehanb'a Iton, mttarlelmen•s I�in,or othnt Ilen eouid be asserted on exount ot tho work, K
<br /> ��''� servbps,or rt�ter�g.Trusta wtlt upon repc�est o1 Lsnder tumbh to Lander advance assurances saNSfactory tq Lertd9r that Tnistcx eQn tnd w� F:.
<br /> ,,� pay tlr eost of suel►imprcwmenb. o::
<br /> i�,�,,,� P6tODERTr DAMAG�INSUiAWCE.The toAOwtnp provislorq rati8n�to l�uring tho PraR@riy ere 8 part ot this Oasd of Yrust. _
<br /> ._ , � R1�I�tenane�of Insur�nce.Trusta shali procure and matntain poldes of C�re Insuranca with standarG ex!ended ccverage endorsemenb on a -
<br /> rcpluecmont basls fao fh�tuA tnsurablo vls[ue covcninp ea tmprovements on the Reat PropeRy tn an emourd sutHdent to avotd appiicntloa of any —
<br /> � ooinsuranee dnuse,ond wtth n standard matpapee dause In fava ot Lemder.togethet with sueh other hamrd and�fabtUly trtsur�anoe aa lender
<br /> �� mny reasonaDty ro9�ira Pdides shatl bA wrttten in fam.amounts.Coverages artd basfs teason8bly eaoepteble to Lender 8nd issued bY a
<br /> �e eompany or eompartfes reasonabry QaeptaWe to Lender. Trustar,upor►req�t of Lender.will deiiver to Lercder fram tlme to tlme the paictes
<br /> . or ceAifleales ef insu�nee in form saUSfactory to Lender.Indudinp stipulatiorsg that eoverages wiil rot be c�roeltod or diminished writAOUi at
<br /> Ieaat ten(10)days'p�ia wdtten notice to lender. Each I�urance po8ey also shail tndude an endorsement proNdfnp ihat eoveraye in hvor ot
<br /> Lender wtil not be tmpeired In any way by any act,omissien or detauR of Trusttor or any eiher p�sen. Shoutd tt�e Re4t Properly at time
<br /> us
<br /> become loeoted in a�tres desipnated by the Ofrocta ot ttw Federat Emerpency AAanapemant Apmcy as a sp�ctpt tlood hax4rd�n�. Nsta
<br /> , agnas to obtatn tnd mtFnWn Federet Flood Insurance Oor lAa fdl unpaid prindpat batance oi the toan,up to the maximum po6cy Bmqs set
<br /> -. � . ,� undcr tho haUOrul Flood le�surarxo Program.or as oth�w�s requtreed by Lender,and to mslydain such tnsurance fa fhe tEUm ot the loan. .
<br /> Applk�ttlon of Ptoceeds. T►ustor shaq promplly notiy Lender ot any loss or damape to fhe PropsAy.Lender may make proof at tass BTnrstar
<br /> tails to do so witMn Hfleen(15)days of the easunity. Whether or aot lender's seeudty Is Impatred,Lender may.at ita eiee�an,roosive artd ratain
<br /> � • the proceeds of any insurance and eppty the proceeds to the►educ8on ot ihe indebted�ress,Daymam of eny pen attecting tl+.g PrapertY,a 4he
<br /> �s.storation and �epair ot the PrapeAy. If lender etecb to eppry the proceeds to rostoraflRn artd repa7,TNStor shatl ropair qr replace the
<br /> darnased a destroyed Improvements In a manner satishtctary to Lende►. Lender shali.upon satlstactay proot of such e�eredlur�,pty a
<br /> retmburse Trusta trom the prooeeds ta the reasonabie cost of repatr or reatpraHon if Tn�stor is not in delault under this Deed of Trust. Any
<br /> � proceeds w�JcA hnve not been disbursed within 180 days atter thetr recoipt and whfch Lender hes not eomm(tted to the repeir or rostoador�ot
<br /> •�� the Prcperly shall be used f6st to pny any amount ovdlnp to Lender under thts Deed ot Trust,then to pay eaaued Interes�and the remaindas.N
<br /> .. .� any,sAal!be appBed to the pdn�pat balance ot the Indebtadness. If I.ender hdQs any prooaeds aEer payment ln tult of the Irtdebtedness,se�ch
<br /> .. p�Os shetl be patd to Tn�star as 7rustors interests maY ePPear•
<br />'�==�•• ' Unexplred Inaurrfcs d Srs. My unexpired Insurartce shall Inure to the ben¢flt of,and pass to,the purehaser o4 the PropeRy covo►as by thb
<br /> � "•� Deed of Tiust at�ny irustee's sale or other sete hald under the provlsions ot this Deed of Trust,or at any taectaswo saie ot sucrt propeAy.
<br /> '�`;. } CompU�neewltfl E�d,ding indebtednes9. Ourtng the period In whtch any F.�IStiny Irtdebtedness Eesuibed beiaw'ta in 6Nect,
<br /> ` - cqmpNanoBwilh
<br /> - .�--�� T " the ir�ancA provisions conteined in the Ingtniment evidendnp such Fxisdnp Indebtedness s�a9 constltutq comWlence W�in tne ic�uance
<br />-�;i:,�:;-+�r�� pravisio�under ihis Oead Of Trusf.to the exte�t Comp08nee wiih ihe terms ot thfs Deed o!Trust would eonsdtute a dttpik�itlOt1 of ir�ur4nee
<br />-���:�''�;�'� �� requirement �t`any pra�eds trom the tnsuranoe become payable on�oss,the provisions in this Oeed of Yrust tor divtsion o�prxaids shal
<br /> ':'�;;��'�`� a p p ry o n ry t o t h a t p o r H O n o f t A e p ro c e e d s e o t p a y a b b t o t h e h d d e r M t h e E�d s tl n p lrtdebtedness.
<br />_-�;:;,i7't '.
<br />_�;a„��� EXPENDIYt�ES B�I LENCEFi• It Trustar telis to compry wtth any provis�on ot this Deed of Trust,fndudirp any obOpoBon to mdinWn Ezistlrg
<br /> .,�,�,�� indebtedness tn good sta�dNg es requlred betow.or R any act[en ar proceeding is commeraed that would male�t8lry afteet lendera intereBis In.tAe,
<br /> -_- Properly,Lender oA'qtrstors behaif may,but shsN not be requlred to,teke any acBnn tAat L9nder deems apprapdate. My amourt that Leridar'
<br /> �::a::.s�x�� e�ends In so dqing witl bear t�sst et ihe rate proNded tor in the Note trom Ihe dete incumed.or pa10 by Lender to the date of�epaymer►t by
<br /> __o,m:�� Truata. All such expenses,at Lenders opUon,wU1 {e)be payabfe on demand, (b)be edded to theltatanoe otthe Note and be appaUonsd unony
<br /> ,,_`:,���w��k��� and be payabie wM am►ImIWlment payments to become due durirg etttier p)the term ot anY appIIcable insunnce po0cyr ar mI tAe rorrMir�Gg te►m
<br /> __��_�� of the Noto,or (o) Oi treated es a baqoon payme�wh�A wiil be Que and payabte a!Ma IVOIe's maturiy. This Qeed o!Tt�,st atso wiM securo
<br /> __ �_,i;��� payment ot these snhounts.The dghts proNded tor in this parepraph sheil be in addNton to arry olh�r rtghts or any remedies to whk�h L.ender mty he
<br /> -=_-- � enetled on sxopnt dt the datauit Any such acHort by Lender shali rtot be coratrued aa cudng ihe defautt so as ta bar Lender tram ary rerr�edr that
<br /> _...�,m.,� it Othervrise woWd hgve had
<br /> . _ - -' WARpANTY;O�FE.lNSE OF Ti7LE The tWlowinp provtstons retattnp to ow�ship ot tlw Properly are n part otthis Oeed ot Trust.
<br /> -- Tltk. Tn�stor warcanb thax (a)Tnatot hWds good an0 maricetebte tltle ot rocotd to the Property in fee dmpk,ires and dau of dl IUns and
<br /> - encumbrances olher lhpn those 6et torth In the Rea!P�opaAy desaipUOn a M the Existirp InJebtedc�ess section betow a In amI Uua insurana
<br /> --� � (pu��ht,pow�9�0 d BulhWlty to'�'exeCUt a a�eewe his Oeed�ltust tp�Lendet.�n ConneClton wrih this Qeed of Trtqt,nnd (b)TruStCt hes ihe
<br /> ::�5� Gehnse M Tit�b.SubJect to ths mcception In the parayeph flbove,Trustor wama�ds and wlil forever detend the t[Ue to tha Propedp agUnat thA
<br />- - lawful daims ot eA pe�sons. in the event arry aaUon or proceodinp Is commenced that quesUons Trusla's Utle a the Interest d Tn�stee a
<br /> ,�'..s°.�� ,I.ender undet thb Deed of Trust,Tnutor Sheil deTend the acUan at Ttustors e�ense. TrusRor mey be the nomimt pady In suah proo�vdi�,buf
<br />-- --_ Lander shiA be entitled to partldpate tn the prooeedlrp and to be represented In tl�e prooeedin�by courad of L�nder's ow�chota.and
<br /> __�_-�- - � 7tustor wqi dothrer,or cause to be deltvered,to Lendet su�h 1�19lrumeMs as Lender may request hom Ume b Hme to permlt such paAicipttlon.
<br />__------ .CompllsNtCe WIN L.�wB. Trustor warranis fhat the Property and Tnrstors use ot th0 Rroporty CorttpBes wlih aN e�dsUng appBCable laws.
<br /> ordinances,and reg�eYo�s of governmentaf authorit3es. '
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