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<br /> ; 09-26-1998 L�I��D OF TRU�T 9�-�(j9342 P��e 3 `�
<br /> � • Loan No 799018 (Gontirtuad) E
<br /> "' - -� �ey,so tonp as Londer'9��nSSUOSt in Ih0 F'roP�nft l3 nPt 1vopartlized. if a Uen csdses or ta tuetl ria a msult of nonpaymenL T�u�tor shatt wnht� E
<br /> � -�. � Hiteen(18)days eHer Ihe 118n�rige9 oc,H A Ilen fs(Iled,wlthin fitteen(1&)days aftor TrusSor has notico of the flllnp,seeure ihe dlseharQe ol lha E
<br /> " , Iien,or II requosted by Lender,d�fq5i1 W:�h Lender eash or e suHicfant corporato surely bond or other secudly snHafuotory to Londer In a� -
<br /> • " amount sut5cient to discharqa the��A�Qt41�any aosts and attorneys'f�s or other charpes ths!could nccrue ea a tesWt of a foreclosure ar aale �
<br /> �,.� undar the Iten. In any contost,Trustpt ahall dafend itswll and Ltndar and Bha�i sttisty ony adv�raa Judpmenl befon ontoreem�M epainsl lbe _
<br /> Propertyr.T�ustor sha11 neme Londer a8 an addHional obllgee under any surety bond lurnished In tho contest praeedlnps.
<br /> ., � , Evidence of Paymert. T►ustor shaU upon demsnd turnish to Lender sstisfaofory evldence ot payment ot the tazes or assessmerte artd ehmel `
<br /> authort�tt�e approprtate povernmental ofeciat tp deNve►to Lender at eny time a wrHtan statemer►t of fhe tax�a and assessments tptinst the
<br /> . .�::� Provert,r.
<br /> �,_.. � � Notte�ot,Con�tntatton. Trustpr sf►!s!�nptY,y Lender at least fifteen(tb)days before any work Is oommenoed,any services are(umtsh�d.aeny -
<br /> mate�iata aro auppUed fa.tha PrAAEaty,.i1 am meohnNO's Ilen,mate�lalmen's Iten,or other Iien could be i�aserted on account af lhe work, _
<br /> .,�w� servbos,or mAtExLa'.s. tntts�qr w;U vpcm.rpqur5t oi Lender fumish to Lender advartce sssurances satistaotory to Lender that Trustor cin and will
<br /> _ ,�. pay tho eost ot surh�m�ruv�m�nta. -
<br /> '^ � PROPER't'Y OAMACQ iM�tiRAWRB..Tha�Nlrneiing provislo�retating to Insudnp the Propeny aro a part ot this Oead of Tnrst. �
<br /> • Mai�pRtMt�pt,It18ufAnRa.Trµstps sp�'!�rocure and maintain policies qf firg insurance with etenderd extended coverage endors8menb an a
<br /> �' repincarnJrlt.ba��fps t�ld ttl�t�¢ur�bl4r v�tu�covedng all Improvements on the Reel Property in an amaunt aufNdent lo avo►d applbatlon otany
<br /> coinsurpeCB ct�use,�nd,witt��8!Anda.rd•mOrtga�ee dause In favor oi Lendar. Trustor shail also prooure and meintaln eomprehensive genaral
<br /> � Ilabi6ty tnsurano0 i�gusl�,aavF�qa amounts as Lender may request with trustee an4 Lender being�amed es addidanal inaureds in sucA Wbl�ty
<br /> irc�unrux poAdes. AddltE,�IgIy,,Tntttor shNlmy1ntotn such othe�insurance,irtetudl�but not Omtted to haard.buslrress 1�an,artd
<br /> ` . � tY3
<br /> bn(!er traurance.es I.enqir n1AY+Aas4nnbti raGulre. Pa�s ahaN be written in lorm.amounte,eoverapas artd basts re�5onahiy aoapt�t6w to
<br /> Lender and issuad by$compnrry ar compenies roesonabty Atxopiabie to Lender. Trustor,upon roquest of Lender,w3i deAv�er to L.�nder lronrt
<br /> _:- . � ,��,� am9 to a�7f9 ihB pQ7Ct�a�c8�t4�at�ot ir►�uranCe tn torm saNslaetary ta Londet.Indading sdpuiadons thal cove�e�es asr�!not ba ce.RC�!!ed of �
<br /> dim'r:s!►i�t ti�llhout at Ieast fen(7Qj�daya"prtGr vrr":ttan natics fo l.andar. F.aoh Insttretses poits.y etso shall Inciude sn ondvrsemant proiifling Ihat _
<br /> _ • eoveraye to favor ai I.sriQer witl nat be Impatrsd in any way by any acL omisston or detauft of Tnistor or any otAer pe�son. SAouid tT�Ftea!
<br /> p ,. Praperly at any.Um�bocome locatvd in an area dos�nat�d by the Dtrectot of the Fetbt�ret Ertrergenay Management Apanayr as a specla!eood -
<br /> � harerd area.TrustoTc�re�to obt�in and matr�taln�edarqi Flood Insurance br the fult ungsid pdr�ctpal balartce oi H►o laan,up to!he ma�dmum =
<br /> ,. ,.f,U.� polky Itmits sat urtQer tha t�attoneJ�Ipod Insurancp PPOgrsm,or as otherwise required by Londer,end to malntain S�:h lnsurenoe tor the term ot _
<br /> , , tha losn.
<br /> . �, Appi�ion of ProCeedi. Tnistor shffii promptly notHy Lender oi any loss or damape to tha Propertyr. lea8er maY make proot of toss�1 Trustor
<br /> = • , fafts to do so within fifteen(i6)days of tha t�su9ily. WAethor or not Lendefs secudly is impaired,Lendar may.at fls eleCtion,receive And ratein
<br /> t� " '° ' the proceeds ot any ir�surance and eppiy tha pr�oc�ds�o the reducUon of lhe Indebtedness,peymerd of any Ilen aNeDtinp the Prape�y.or Ihe
<br />:fi% ' restpradon and repalr ot the AropeAy. If Le�der a)ects to appry the prooeeds to restaation artd repair,Trustor shAtt repair or reptac�9lhe �
<br /> t::.. • . dama,qed or destroyed improvements in a meoner eatislactory to Lender. LenQer shall,upon sat�factory proot o}such eo�enditure,pay or _
<br /> s: .;; . reimbu�sg Trustor trom the proo0eds for ihe reasonable cosl of repair ar restoratlon H Trustor is not tn detauit urtder this Deed ot Tn�s4. My =.-
<br /> =r�: .- •- prooee�s whfch heve not been Nsburses!wlthin 180 days atter thelr reoeipt end whlch Lender has not.eomrriHted to the repaU a rostarafbn of
<br /> _: �r_� _,•- the Pt�oqm�iy shsU bo usad flrat to cav eny amount owina to Lender under this Qeed o!Trust.then to Cnl oCpue0lnterost,and the nmu!nd04� _
<br /> '`�-�===tr_:, any.8int�D be apptiad to the pdnc�pal balance of tfie Irtdebtedness. I!Lender hotds a►y proceeds after paym�M in tuY of tM IndabadnBS.wat� .
<br />�' :•: pruoeads slteU be peld to Trustor fls Ytlistors itderesb mnY ePPear• .
<br /> `+4r,:�,-:,.,: �
<br /> ����•= Unex�lred Inauranc,e�T 5ak. My urceo�ired tnsuranoe shall inuro to the bet�eRt ot.aod D�#SS to.the purohaser of the PrepedY cov�ered by lhEs
<br />'��{'"'''�: peed mf Trust aR amp tstq4ost safe or ather sete hetd under thg provtsEons ef thts Qeed M 7nist,a gt any foreciawre sde of such Properly.
<br />_..:�_,,.,,.,. , . _
<br />'�-rxH��=��'�' 7n�s3mtffiBtepoit en�lnstirm�ce. lt�on request of Lendar.however not more than once a year,Trustor shsY tumish to Lender a repat on eaah •,.;: ^
<br /> __���y' 6�tty+}1nI1Cy 0}�(181tftiftCB SAOYVI(1�:•;(a)�he name ot the insurer; (b)tho risks tnsured; (c)the amouM ot the poticy;(d)the p�risured. . .::;
<br />�,.#*=��% tha thbn curran!repl�ceme�veiue Of sueh prope�ty.and Ihe manner of determininp tl�at value:and (e)the�ha8on date of �oYCy.� •'
<br />;; Tnutor'sha[I,upon requ�st ot Londer,havo an independent appreisar satisfactory to Lender determine the c a s h vs iue oep l noame�C o s O o t t l t e � ,
<br />��r,p�;,�i,}: prOp9rty, . .
<br />=�`'i : �`.`. E7tPENOtTt�iES BY LENDER. If Tiusto►faYS to compty with any proNslon of this Osed ot Trust.a if any acUon or prooeedin�Is commet�d thEit�;�. __
<br /> --_�::T.-„-� would rt�alerteAy aHect lender's interests tn!he Properly,Lende►on Tn�sto�s behatf may.but shefl not be requked to.take a�r aoaon thel:tenQar . ,
<br /> _'�`3�R' doems epPlopriate• My ampunt tAat Lendet e�ertds fn so doing wNt bsar interest at the tate provlded fa in the Not�trom tha date i�d',or p�iti
<br />' '"'""`'�`` by lender to tAa date o!repayrt�ent Dy Trustor. /W suohe�enses,at Lertder's opUon.wID (a)be payable on demand, (b)tr8 added to tha'�1t�le
<br /> ot tAe Note and be apparNoned nmon8 and be payable with arry tn�tlmar�t paymerts to become due durinp ettMr m th�t�m ot any ap�Ua�
<br /> , � Insurance pdky or pq the remalninp term ot the Note,or (e)be treated as a ba600n paymaM wtdeh wAt be due end pay�bto at th�Not�'s mrMHy. •
<br />�� Thls Qeed ot Vust 81so wiU socure payment ot these amourds. The rlpMs provided tor fn tAis�srapreph sMll be In addlHon to any other dplds a any .
<br /> rertqdies to wA�A Lender mnq b�entl9ed on aocount ot the delaulL Any such adion by Le�d'er shaY no!be eonstnwd as curinp tM de�adt so as to • -
<br /> � " __ bar Lendar trom any rert�ady thaf it otMxwlse would have had. .
<br /> - -- W�RqANT1f;DEFENSE OF TI7LE. Th0 toUawiry provislons retattnp to ownership o/the Property are a paR of this Deed of Tnist. ,
<br />_�,'��_`,� T[tk. 7nistor warrants tha� {a)Yrusta hotds poed and matkeTable titte of record to th9 Property In fee simple,hee and cteu of at 118ns artd
<br /> -��r� encumbrances other than those set taih in the Real Property desaiptton o�fn nny IiUe[e�suraeae policy.titte report.or Anat tltle opfnion issued tn '
<br /> -= tava ot,and accepted by.Lender In eonnection with this Oeed of Tnut,and (b)Tnistor has the tuil�M,pawer,and authorHy to exacute artd
<br />- ---- detiver this Deed ot Tnut to Lender.
<br /> — ' .1)ele»aa o!7iUe. Subject to the exoepflon in Ma paragraph ttbova,Tntstor warrards ead w10 torevar defend the Ntle to the Property�[rq11h�
<br />- ��- igi��M�WGns o!ell persons. tn the event any actlon or prooeeding is commenosd that qt�esdons Trustars tlNo ar U�e InMrest ot Ttus1M or
<br /> Lendet under this Deed ot Trust.Tnista shaY detend the actbn et Trustofs expsnse. Trusta may be the nomimt party tn such praoM�rg,but
<br />'�---- -- Lender ShaH be entiL'sd to parfk:ipate in the prooeedi�g and to be represented 1n ths ptoeesdlrg by eouns�t ot l�nd�s owo choios,and
<br /> -��-—°;�� Trustnr will detiver,or cause to be deiivered,to Lender such IratrumenS es Lertdar may roquest from dme to tfnw to pet�nil such plNdpiHOn. �
<br />����,� CompiilnCe Wdh l.aw8. Trustor wartae�ts that the Property and Tnistors use ot the RropeAy eomppes wltA atl 6odsUtg i►ppOCBbta Inws. `
<br /> -�;,_�- ordinara�.and reputaflaris of qovemmenffiI authaittes.
<br />�::�:'.:"'`r".
<br />-'_*i:"�'+;' '+�' CONOEf�1NATlON.The tottowfnp prov45tons refaUrg to condemnaBon prooeedings ere a part of tAis Deed of Tnut.
<br /> �;�..,..
<br /> � fi.:::,
<br />_:�.� . ��t,R;,;s;� Appi}cation ot Net Pro��eda It ell or eny part ot tNe Propedy!s condemned by omtnsm domatn proceedinps a OY�f►P����
<br />_,:�. �.:,.,.,
<br />_y,+. ;��'� purchase in Ileu o!condemnation,Lender may at its eiection requxe ihat ea or arry partion ot the net proceeds ot tAe awerd be ep o he
<br />_.. Indebtedness or the repatr or restaratlon ot the Propedy. Tro ne!pmoaeds o!the 8ward 6ha11 mean tAe eward diter pnymen!of all aasontOle �
<br />'"i;ti�� ;�°i,�:+�;:; ca5ts.e�enses.and 8ttomeys'tees[ncurred by 7rustee or lender In COnt�eCUon wltA thg CondemnStEOn.
<br />'�t�, .;..,,�;'�.,.
<br /> �'�. " • , �i; Proceedinsa. It amr prooeedirg in caademnaBOn is f�ed.7rust�shal!yromptly notlty Lender in wriU .artd Tmstor ShaM prnmp8y tak�auch
<br /> .,�..,:��
<br /> �;. steps as may De neoessery to de!enai the aeUOn and obteln the awsrd. Tn�tor may Oe tAe nominal pa In such prooeeNnB,but Lartater ahafl
<br /> 4-� be enube0 to partldpato in the preeeamrep artd to be reAresentod in tt�a�Orcoesd;ng by eounsei ot fts own chdce,and Tntttor wAI da�lbr or
<br /> �` cause to ba detivered tct,ander su�h i�atrurtrerds as may be requestvd�y ii bcm time io tlme to permN such paAiClpitbn.
<br /> -- � �_�_ IMPOSITtON OF TAXES�F6�S At�tD CMl1RGES BY�Ri�N1ENTAL AUTtiCRRl�S. The touowing Provistons refaUnO to QovamrtwnTal taes.
<br />_"-��"`--s tees and charges are a part o!thES Doed of TiusC
<br /> _ .r� . .
<br />'- • • �- Cur►vat Tlnces.Fees 8nd t:harpee- Upon request by lender.TNStor shaU execute such documents tn addiUon to thls Oeed ot Tn�si ar�d ttke
<br /> �` whatever other acUOn Is requested by Lender to pertect artd conUnue lender"5 Oen on tAB Reat Properly. Tnuta sAa7 reimburse Wnder tor aN
<br /> � � fazes. as dsscn'bed betpw.togeiher wtth e�eupe�es incurtad In recordinp.Perfecttnp a coefinuinp thfs Oeed W Truat.tncludinp wMout
<br /> limttation e11 faxes,tees,documentary stamps,and othsr charges for recording Or regfe�ing tMS Oeed of TtuSL
<br /> _" ' Taxea. The totiowing shati cor�aUtute texes to wNcA ihis secrion eppiles: (a)a sped8a tax upon this lype of fleed ot Tmst or upon W a ar�y _
<br /> part ot the indeDtedness sscured by lhis Oeed ot Tnah. (b)a spedFic tex on T�stor which Ynutor is autharized a requirod to 0educ!8om
<br /> th0 holder ot Ae tNoto t e d�(d)8 speCiRyCttex oneeli+or an�TnrsM, (C)a tex on Ihts type of O�ed of Tnut CAargeebl0 a�at�l the L4ndor or _
<br /> ° Y PoNOn ot the ledebtedn�ss or on payments at pdr�dpat nnd Int�res!matN by -.
<br /> - , Trostor. =
<br /> SuEflquent Taxe3. 1t any tex to whtch thls seeUan appties fs ena�ted subsequent to the dato of this Deed of Tnist,thf9 event sha9 have the R
<br /> - ° • sarr�eftect as an Evetd ot Detautt(as defined betoY+),and lender may exe�ise any or NI of ib evatlabie rertadles tor an Event ot Oeh�t n�
<br /> - proNded bstow un�ess Tnistor ellh2r (a)peys the fex bstore it becomes detinquent,a (b)contests the teu as provtded above in tM Ta�aRs =
<br /> _____ i ene sarnnn an�1 daposita with Lenoter e�sh or t►sufRetent eorporato surafy bor►d or oN►2r securtiy L6ti�taCtory to Lender. _
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