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<br /> ' 09-�5-t988 DEED O�TRU�T 98�1fj/9353 Pa�e 3
<br /> ` � Loan No 9990�9 (Continued)
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<br /> -. ---- ta paY.so fortg ac l.cnd�'z Intotert tn fhv Pro�rfy Ms nol eopsrdlzad. !t e Ilen ert�or 1s tilncl Aa a resutt ot nonpaymnA,Trustot shoU within
<br /> � fiEteon(16)daya after th8lipn arl8e3 or,tf p Ilen 19 tited,wi�hin fifleon(16)day8 atter Trustor has notiee of the 011rtg,eeewe ihp disaharp�ot the
<br /> � Ifen,or if requesl8d by Lender,deposlt wlln londer cash er a suHlcient eorporate surety bond or other securtly eattshctory b Lender In an
<br /> ' amounl eufflalont to diaoharpe the Ilen ptu3 any costs end attorneye'tees or other charyes that couid accrue es e resutt of a fineclosute or se�e
<br /> • , � under th9 tlen. In any contest,Trustor sheq datend Its91f and Lsnder and shall satisry eny adverse Judpment betore edorcument apalnst lhe
<br /> Proparry. Tntstor ahtll namo L�nd���a 1tn addlUanal ob�iQme under any sunty bond furntshad in thY eontast proc�dinpa ;
<br /> � • � Evidenco o/Payrt»nt. Trustor ehall upon damand turnish to Lender antisiaetory evidenae of peyment of the texes or assessment8 and shuil [
<br /> ;�; ' authorin the appropdets qovirnment�l oHkial to detivor to Lender at any timo e written atatement of the tm�tnd assessments apafnst tha ¢:
<br /> � PropeAy. -
<br /> �� Naile�of Con�truati¢e. Tntstor shaU notiN Lender at teast 8fteen(16)days betors any work is eommerteed,any servtces are furntshed.or any =-
<br /> mat�ara suppllad to ths Ptoparry, it tny meohanfc'e Aon,matedatmen's Iien,or othet Ilen could be asserted on account o}the work, �
<br /> ���F*�� seMces,or materlais. Trustor w1i1 upon request of Lender turnish to lender advancs assuranaes eaUstaotory to Lendar tlat Tnnta ean and wfil
<br /> , ,,. � pr�y the cost of suah imprpvoments. L_
<br />�� PAOPERTY DAMA08 INSUAANGE.Tho followlnp provistons retatlnp to Insudng the PropeAy are a part ot lhls Desd of T�ust.
<br /> • �• �Ilaint�nutCe of Insuqutce. Trustor shall proaure and malntain po�des of 8re insurance wlth standard extended coverape andorsement9 on a
<br /> i�, ;; replacem�nf basls tor tha futl Insurebie value coverinp a�l�mprovemenb on the Reai Property In an amount sutlf�fent to avdd appUaaUon ot eny
<br /> 't Cotnsu�ance Clause,ertd with a standerd mortgapee ctause in tavor ot Lender. Trusta shell aiso procure and maintein comprehensive aeneral
<br /> �iabWty Insure�e in suah cqverape amounts os Lender rtwy request wHh trustee and Lsnder belnp nemed as nddiUonal Imureds In euoh Oability
<br /> � Insuranoe poltclos. Additionatly�Trustor shalt malntalo euoh other insurartee.Inetudinp but no!Umltod to Mta�d businoss IntertupUon,and
<br /> bollw insutanCe,es lsnder m8y teflson8bry requira. Pdbies shali be writte�in torm,amounb,coveraQes and btais nesonabry ncaptnbie to
<br /> Lender and tssued by a company w compinies reasonably axeptebie to Lender. Tnator,upon request of I.�nWr,wiU de�iwrto Under from
<br /> timo to Ume the pol�las or cerHRcatas ot[nsurance trt form satisiactory to Lender,includinp sdpulaBona that eoverapas w0 rsot be cancellod or
<br /> ' •• dia�INstied wfthout at least tAn(10)daya'9rlor v�rt norice to Lender. Each Insurance pot�cy etso ahntl indudo en endasement pmviding that
<br /> ' aaveraye in tavor ot Londer wllt noi be Impalred In any way by any act,omfsston or detaull of Trustor or any other peiaon. Shouid ti�Re$I --
<br /> � ;�� Property at any 8me become loaated in an area desipnated by the Oirector of ihe Federal�mergency�'t�na9ement A9enoY es a sp�W flood. .
<br /> ,��, haierd area,Trusta agrees to obtaU nnd malMsin Federal Flood insuranoe 4or tha fuli unpaid pdnctpal bainnce of the taae�up to tha mBDdmum
<br /> � poYCy Ilmits set under tha NaGonel Ftoad Insurance Progrsm,or as otherw�se required by Lender.and to malnteln suc2�I�uranoe for thg term of =_
<br />•.;;;^4,,.�:.,.. theloan. .. • . —
<br /> ;? .{;•_ i:,•<:.• A�Jp11CaQOn of ProCeeqa Trustor s1ia0 promptty notify Lender of any loss or damage to the Property. londer mgy meke prOOt of toSS If Trustot
<br /> . �':�.,: faib ta do so wflhin fltteen(tb)days of the casualry. Whether qr not Lender's secu�iiy is impa�red,Lender.may,at its eteclon.�ve artd retaln
<br /> � the prQcseds pt any insurance and apply the prxeeds to tha reduotion of the indebtedness,paymertt ot aoy Ilen aHsciMg the Fropertft.or tha
<br /> ' `. te51ora11on and repalr ot tha Propertyr. If Lender etetts to appiy the prxeeds to restoratlon and�palr,Trusta sha4 repelr o�replace ths
<br />- • :,� d�magad or destroyed Improvemenb in a mannsr satislactory to Lender. t.ender shait,upon sadsiactcry yroct of such e�enditura.pay or
<br /> reimbu►Se Trusto�bom the ptooeeds tor tlie reasonabla cost of repair pr restoralion N Trt�sto�ts npt in QetaWt under tNS�eed o?Tnist. A�y
<br />- . �?, s.�F prooa�ds which have not bsen disbwsad wllhin 180 days after thelr reaeipt and whiCh Lender has na!commdled to therepelror restontlon ot
<br /> r � � �• the Property she�l6a used 8r8t to pay er,y amount owlnp to Lender undor Ihis Deed o!Trusf,then to pay accrued i�eresl,and Iha romainder.if
<br /> ��_ ae�y,shell be appUed to the pdncipat betanoe of the Indebtedness. If Lendet fiotds any praceeds after ppyment In fuN ot tlie t ndebtedness,suoh
<br /> `:'-.: '�J`: proceeds sheli be pefd to Trustor fls Tru3tots Intarests maY eDP�• -
<br /> �:.tl. ' liawxpUed Insunncs at Sals. My unoxplrod insurartce shau Inure to the beneflt ot,and ptisss to,tha purahae�r ot the Pro�edy aownd by this
<br />.'-��_:.,,;°��;° �eed of Trust at amr trusteo'�snle or oth�eate h�td undar!A9 ProvWons of�this Oesd of 7rust,qr at nny fondosun�ato at suah Propirty.
<br /> v�_���'t,,,�; Y�uttot's RepoR on Insuprtce. Upon request of Lenrkr.hOwavor not more than once e yaar,Trustor ahsli turnbh to 1.1nd�r t�pat on aah
<br /> - ��� e�dslinp policy ot ireurance ahowin�: (a)tM nama of the Insuror, (b)tha rlsks I�nurod; (o)ths amount of tM OoBcy; (d11ha pop�rN I�xund.
<br />-- w`�7 the than currenl reptacement vaue ot such ptoperly,and tAe manner of datermininp that vatue;and (s)th�apintan d�te a�h�poP.oy.
<br /> _..1�`���� Trustor ehatl,upon request ot LendQr,havo t�Indopendont apprabar satbftotary to Lender dstermin�Ih�ash v�luo rqiaanwnt co�t Of tho
<br /> P�operly.
<br /> W�'��"°� OtPENOITURH8 BY I.ENDEFi. If Tnnta falis to aompry wrih any proWSton ot thh ONd o}Tnat,or It any aciton a proc�np ia comm�nad 1Nat
<br />—"ti���,� woWd mat�rklly athct UndK'a interats In tha Propwty,L�nd�r on Trusta's b�hatf may.but shaU not b�hqulnd to,f�lc��nY �oNo�thtt LYndar
<br /> ___�„��� deems�pproprtate. Any emount that Lender expends In ao dNnp wUl bear Int�nst W th�nt�provldad tor tn t1a Note ham ttr datt Inaurrod or pnid
<br /> __:.°���� by Lender to the date of repayment by Trusfor. AII auoh expensos,at l.end�e optton,wlll (t)bo pay�bb on d�mtn�,(b)be cdded to tM b�lance
<br /> ----- ot ttq Note and qe appationed amonp and be payaDle wftA any InsU►Olment ptyrtwnta to Eacome dw dudnp elth�r p)theterRt ot any�ppRpibfe
<br /> ------�-- f�uranoo pdicy or (Ih the remafMnp brm of tfa Note,or (c)ba tnated es n balloon payment whkh wW W dus�nd pty�bN�t�lro Nol��mRturiiy..
<br /> TNe pee0 of Trust also wiA secure payme�o!these amoums. The�iphts provlded tar tn Mb parep►aph shaU bs in addNO�,ta i�+other dpAb or any;
<br /> �_���� reme�ies to whfeh Lender may be entitled on eaeourd ot tha detautt. Any sueh acMon by Lend6r ehali not bs eons�ued t�cu�n8 1he detautt fo�9 to•
<br /> bar I.enOer trom any remedy that R ott�erwise wouid have hr�d.
<br /> �� WARRAM7Y;dEFEMSE OF TITLB. The toUOwlny provtsions rela8np to ownership of the Properly are a part of this Qeed of Tivat.
<br /> --- TftiB, 7rustoc wartards tha� ie)T►ustor hoids good and merketabte title.of reeord to the Proparly M tee stmpt9,hae ond c�ser oi aM Nerts and
<br /> �"'-�.s:::•�'� enoumbranaes other than those set toRh in the Resi ProAerly desalptlon or in any tHie Insurance poticy,UUe reporl,or�cne1�t5e opinton issued fo
<br /> ;•�—��� favor ot,and aaeAted by,Lender in oonneWon with this Deed ot Trust�and (b)Tnistor has the PoII rtpht,powe�,ertd't��criry to execute and
<br />.:.��� deliver this Oeed ot Tnist t0 Lender.
<br /> ° - -�,;�����;�.i„`� Oetenae ot TIUe. Subjeot to the exceptlon In the perapraph above.Trustor wartants and wlil torever defend ihe tiGa to Ug Property�palnsi the
<br /> _.M� __�_� tawful ctaims ot ali persons. In the event any action or prooeeding is commenced that quesfiw�s Trustora tltte or the interost o!TrustEe a
<br /> i-��;,,,,,�� Lender under this Deed of ttust,Trwtor shell detend the actlon at Trustors expense. Tnrstor may be the nominal p�rty fn such prcooe�7Fr�g,but
<br /> L�nder shalf be entlNetJ tb perticipate In the prooeedirp and to Oe represented In the proceediep by cour�sel of lerbers avn olro�cv,and
<br /> �, TNSta wili deliver,or cciuse to be dedvared,to Lender such i�truments as L¢nder may request from Ume to tlme to perm9 such par�Cipatlon.
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<br /> �=�"�� CamplIMCO With LOtiYa �Trustor wartanis that the PropeAy and Tnrstots use ot the Property comP�ies wiih all ebsUnp�pp8C8Db ISws.
<br /> ----�r's'r-.- Otdin8f16@S.'811d feQUlAUtftIS Ot gOVertinl8flfel aU1h0AU9S.
<br /> _:='�.*,--�;°�x. CONDEMNATiON.7't�e fdiowing provlslons�el4Ung to oondomnatlon pro=e�9h�s ere a paA ot this Deed ot Trust
<br /> �;:' Applicatlon o!Nei Proeeeda. If ail or eny part of the Property ts condemned by emirtent domatn prooeedinps a by erry prooeetAnp or
<br /> t;` ' • purchase In Ileu ot condemnaflon,Lendor may at its etaeUon requlre that atl or atry po�t)on ot the net pra�eds of the award be apD��a t0 th9
<br /> • - . I�Oebtad�ess or the repafr or�loratlon ot tho PropeAy. The net proceeds of the award shaU mean tha sward eAer payment of all roasonabte —
<br /> - • costs,expenses�and attomeys'te9s inaurted by Ttustee or Lender In connec8on wtth the condemnaHon. _
<br /> '° " t P�oeseQings. If any pracoeding In condemnatlon Is filed.Tnxttor Shall promptly notHy Lender in wriUng,and Trustor aAoO promptry talw such
<br /> t
<br /> ' � steps a9 mey be necessery to deTend the actlon and obtain the award. 7rustor may be the nominal party in such pro�dinp,bW Landor ehaG
<br /> • - be entitled to partldpate in the prooeedinp and to be represented in the prooeedinp by cour�set ot Its own ohobe,an0 Tn�lor witl deNvar a
<br /> - � , eause to be deAvered to Lender s�tch Instruments as may be requested�y it from Ume to tlme to permB suoh partidpaUOa '°
<br /> � s tlNPOSITION OF TAXER,FEES/WD GFtAR(iES BY GOYERNMENTAL AUTNORITIHS. The foliowing provisto� relatinp Io govemmental faxes,
<br /> ^�•'����� tees and ctieroes are a pad of this Deed of Trust
<br /> � • Cunrcnt Toxea,Feea and Chatpea lJpon request by Le�der,Tnrstor shalt exeoute suah documeMs in add'�Uon to thb Desd of Tnnt and feke _
<br /> • '' 'a whatever other aoUon fs requested by Lender to pertect end conUnue Lenders Uen on the Real Properly. TNStor shatl relmburse I.onder fot alt -
<br /> `���`� tazes.ea desaibed below,togelher wtth eil e�er�sc�s Incutred in racoMing,pertocNng or cor�inutng this Deed of Tiusf,Includfnp withoui �:
<br /> •.�t,:;;?• li mRallon all texes,tees,doCUmentery stamps,and ath�r Chatges tor recordirtg or regis�dng th(s Deed ot 7nat. i';:
<br /> ' �y`�"'� Tmteg. The fWiowing sha�l cor�sUtute taxes to which lhis sectlon applies: (a)e s3E�iflc tux upon this type of deed of irus3 or upon ell�eny °�
<br />!:.:j: . �..�i.�, SU
<br /> �;�. � :,;�4�;��;*; part p11ha 9ndobtadness secured by this Dead af Tnr81; (b)a spedfro tax on Trwtor.vNCA'Crtutor Is authorize0 or teqtaited to deduot irom =
<br />�`y�` � �f�.;��.,,%:?:.f., paymqnt�on the Indebtedness securad by this type of Oead of Tnts� {c)a tax on this typ9 W Qse�ot Trus1 ehergeaEie 6peWist!he Lendet or _
<br />���`� ��:�i:�:��;iw���:' the hotder ot the Note;end id)8 gAecNk tax on aU or any portlon of tDe Indebtadnass a on paymertts ot pdna�y�end Interest made by _
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<br /> . TtustOt.
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<br /> Subaequeut Tazea It any tex to whleh this sectfon�pplies is enaated subsequent to!he date ot thls Ooed of Trus7,lhb�veM shail hava the G
<br /> sgma etteat as an Event of Defauit(es de6ned Oefow),and Lender may exeroise any or atl of Its available remedies fa an Hvent of Oefault as �-
<br /> � L e sdseatl�on and dep sitssw�th Le derH�or a suffieien corperat s rery bond or ather secu ty saUsfaatory ta ler�der����n the Taxes end �
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