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<br /> � � . 09-32-9998 DEED CF TRUST 9�� 1(1�3�U Pnpe 3 =
<br /> . La�n No 7as86Z (Continued) _
<br /> � �,��...�w,�-�_..�-..�:-.�::::�_.�..W;_—�... . ._�.. �-��s� --°_.__—
<br /> � Rtptd To Cont��l. T�ustor moy wlthhold p'yment of 4ny tuc,Yssos3m�n1,or Ctalm In Conrt$CUOn with e po0o telth dispute avsr tne obugatton �
<br /> to pey,no lonp nf LendYr'e int.�rast In Ih�P�opoAy IS npt �opAra►zed. If�Il�n adsis or Is(iled as s rewit of nOrt�ay+mnl,Trustpr eh�A wlthln
<br /> tl8aen(16)dty+�U14�Itw Ilen arlses or,II o Il�n Is Nlatl,wl�hln Nllson(18)diye aftor Trustor ha1 nouce ot tha fiUnp,6eauro tho disoharoo ot the =
<br /> � I:Dn,ar tt roqusat�tl by LensS3r, depo:,ll wl9h Lond¢r aash ar C Gultlttnnl corporAto Eur¢ry bond ot othsr sscudly sfltl�fa�tary to�srtdor In an ;
<br /> ompunt wmcknt to disonup�th�Il�n ptus any cosu and�ttorn�ye'INS a o1Mr ohar�1R41 coutd aocrua as�rosull of�torodosun ar eate
<br /> unuAr Ihe tlen. ►n�ny contes6 Trustor eAa11 dvt�nd It�Nf an0 Lender and ahafi eatby tny adretae judQment befor0 entorcement ay�inst the .
<br /> Prop�dy. Trust�reh�B nsmo tond�r e9 en nddlllenel obitQre urMsr eny aurety bond 1urNsl+ad In the contest prooeedings.
<br /> -. � � E�Id�ne�Of Pa�y�nerfb Trustor ehait upon amand turnish to Len�satlattotory�vtdsnos of payment ot the Uzes ar assessmenta and shan ;
<br /> �y ���fbe approprleta Qqwdrnmen�l offleiel to de�lvar to Lend�r nt any Ume a wrHten statement ot the t�ees end assessmords apelnst!he _
<br /> �
<br /> „�,sai��i+�i`� Notko ot Construetton. Trustor ahali nottfy Lender at t�at flfteen(tb)daye betore eny wak b commenced,any servtees are furnbhed,or erry
<br /> �4,..�,,.� m8tet1819 6te SuypBed to the PrOpEr�y,If any mechanba Uen,rtutterialmen'e Cen,or othor Oen coNd be asseded on accouM o!ths wodc,
<br /> , . ! seMCes,or mateAtis.T�usta v+rlU upon r0qu9st ot Lender furaisA to 4ender adv8nce aasurQnces saNSfaotory to lender lhat Trustu can and wlit
<br /> pay tha cost of sah improvements.
<br /> ' �,. ARpFERTY DAMAQE IN3URANCE. The following provfslons retatitg to insuriny lho PropeRy ere e parl of thts Qaed of TniSt.
<br /> - �t' AtNntenanee of Insur�rwo. Trustor shali procure and malnteln pdiclas ot 8re Insurance with sta�dard extended aave�ape endorsomerds on e
<br /> � �` mptacement basis for the fuJ irtsurable vntue covorinp ell tmprovements on the Raat Property In an amount sufficlent to avoid eppibaflon at 8rry
<br /> ; � �� cotnsurance dause,and with a standard morfpapae dause tn fava of lender. Trustar shell ats�o proaure and molMain comprehenslw Qeneru�
<br /> llatriaty tnsuranee N sueh covera�e amounts as Lender may request wfth trustee and Lender bein��amed as addltlon�t i�ureds in suah Iinbility
<br /> ��• Insurance poticle� AddiUonally.Trustor SRall maintain aucA other Irisursnce,Includinp but not Ilmited to harud.business IntertupUon,and
<br /> .;. bdter insuranae.es Lender may raesonabfy�equtre. PWicfes shati be wAtten in fum.amourds,coveraSes and basts reasonabiy axeptabte to
<br /> --- _. :�.�. LerMer and Issued by a company a cort�oanles�easonabty aooapffible to Lender. Tnistor,upon request of lender,wilt deliver to Lender trom .
<br /> Hme to tirqe tha Da�cies a a.�rtiftcates ot Irssurance In totm satistactory to Lender,indudinp sUputatlons Ihat coverages witl not be cancelled or
<br /> � � dim!nishpd withoutat Ieast ten(1Q)days'pda wr(8en notice to Lender. Eech fnsurance poltcydso shali includean endarsement providing that
<br /> �ove�dgg in favar of Lender wUi not tre Impaired In any way by any act,omission or defeuft of Tnistor or any olher �rson. Should fhe Heal
<br /> •' • �Pto�Bry►at any Ume become locatad In an area destgnated by the Clrector of tltA Federal.Emergency Management�lgency as n sRedsl fl0od
<br /> hpiard�r.ea,Trusla aprees to obtain and maintain Federai Flood Insurance tor the fuil,unpaid prindpat batance af the toan,up to the maufmum
<br /> ,� • polloy Omfts sat under the Natlonal Flood tnsureaCe Program,or es otherw�e required bylender,end to maimaln suah tnsurance for the term ot
<br /> .:E�i:� ,:,
<br /> � '' � the loan.
<br /> .,�,r� ,. ; Apptieetton of ProceeQe. Tntstor shaU prompQy noUty Lender ot any loss or damage!e 1he Roperly. bender may mak8 proot of bss if Tn�tor
<br /> , � ' taus to do so wittln fifteen(ta)days ot the�casuatty. Whethgr or not Le�ders secudty is impalred.tsnder may,at its eleatian,receive artd relain
<br /> - the praceeds o!eny insuranae and apply!h9 ptoceeds to the reduafion ot the Indebtedness,payment of any Ilen 81(ecHng th9 Property,a tAe
<br /> ' restaaBon and repaJr of the Properiy. it lendor oteotS to appty the proceeds to restoratlon und repalr,Trustor ahall�epelr or roryince the
<br /> �• damayeol.or etestroyed Improvemenb in a rtwnner satistactory to Lend�r. Lender sheli,upon satlstaotory proof ot such expendituro,Sh�y or
<br />- relmburge Tmsta from the proceeds tor the reasonabla cCSt of repafr or restora�on N Tn�sta Is no!in datault under this Oo9d of Tcue�. 61ny
<br /> ' proce8tlg WhlCfs have not beon disbursed wUhin 180 days aNer thefr receipt and which Lender has not committed to the rApAa or rost9�lon nt
<br /> f!w PrepsAy�h�be used Hrst to pay any amount owtng to�endet under ihis 8aed oi i rusQ,i�hi i4 P8Y s�ed{s�er�!!��.!!
<br /> ,��r1 ;� :. ;aqy,yt�.q1{bt�8pp8ed 1p the pdnctpal bata�e of the tndeAtedness. It Lender holds any procaeds after payment In tWl o!!ha tndebl6dness,such
<br />-':�;rt. �,,., proCeOds Shnl1 be O�id f0 Ttustor as Trustor5lntcarests maY BPP�•
<br /> -��..r;*,�� �.,r,
<br /> �r :^ '.IkiexplreQ tnaurr�ee at Sale. My unexplred Insurance shall lnure to the beneflt ot,and pesa le.the purxhaser of the PrOperN coverad by�h�y
<br />;,.�;'; �,. ��.:;
<br /> __=�l����`~4; �: �Oeed ot Twst at any trustee's sele or ofAer sate held under the provlslons of thts Deed oP Tn�st,or al any toTactosure sele ot auoh Properg►.
<br /> ��.�'`��- Tnutor's Report on Insurente. Upon roquest of Lender,however not more than once a y�ar,Trustor stiatl fumfsh to lender a report on esob•�
<br />,:�•�,,;,-'�';;�4�•� exlsUrp PdiCy of MsurnnCe showinQ: (a)the name ot the insurar; (b)the rlsks Insured; (o)!Ae amount of the poiiay; (d)tbe PropeAY Insu�ad,�,
<br /> - ==:-� 1�� the then current reptacement vatue of such property.end thg manner of determir�np Ihat vaiue;and (e)the e�ltattan datu ot the pol�ay.
<br />�_=y�-�.,'4;?,�� trusta shall,upon request of Lender,have an Independent eppralser saHstactory to Lender Eete►mine the cash value repk�cemertt cost af�tHb
<br />�_':�^_:'=t?i� PropeAY•
<br /> -L-T�'=�'�� E1fPENDiTtxiES BY LENpEii. If Tnisto►faits to compty wlth any provtston of this Desd o!Trust.a If any aoHon or prooeedfn0 Is aamm�Aneed fhat
<br /> _��:� woutd meteriaily attect Lende�s interests in the Propady.Lender on Tasto�s behett mty.but shet rtot be�equked to.take any aotlon that I.wndsr
<br /> - deems appropdato. My amount that Lende►expends(n so doinp will bear tate�est at the rate Orovlded for In the Nob trom ihe dele inournd or pald
<br /> -�"'�'� by Lender to tha dnL of npayment by Tnator. Au suah axp�r�sos,at Lander's ap8on,wYl (a)be Wyabla on demand, (b)be addod tQ th�bahne�
<br /> - o!ihv Note and be appordon�d amorp and bo payabs with any InsfallrtNnt payrt�nts to b�eome duo du�(np aither (q the turm oi�an�apppcabW
<br />_����;:�� tnsur�nc9 poltay a (ii)the rsrt�aiNnp term of ths Note,or (o)ba tnat�d as�balloon payment whkh w1U be dve and payabte at thn tdottl's meturity.
<br /> This O�d of Tnist atsowiH s�cure payment ot ltwsa amounffi. Ttw dphb provlded tor tn this per�ap�ph sholi bo in addiUan to any othnr�Ighl�or amr
<br /> � ---- ramad�a Yo whicA l.et�ts rt�ay tra esdiUsst!on mxoueet ot the deta�lG Any such actlOn by Lereder sheU not be construed as oudng th�detttun�to as to .
<br /> bu Lender hom eny ranedy that it otherwlse would have had.
<br />- - WARpAN1Y;QEFENSE�F TITLF. The followtng provisions roladng to ownership of the ProperEy are a pad of thls Desd obfi'usf.;
<br />"-a i���N'�� TtUe. Tnistar�waRa�ta thax (a)Trusta Rotds good and madcetebte tftte of reead to the�roperty In tae simp�,fruo and csiger ot sJl Yena and
<br /> ='��,.v�.��� encumbranoes olAer than those set fo�th in the l2ea1 Property descdp8on ar In any tiUe tnswr�nce Polbay,l�neP�.�or AnESt tiUo opidon issued tn
<br /> == -- — tavar of,and�caepted by.lender in conrtecUOn wfth this Deed ot Tntst,and (p)Ttusta rias 1he UN d9M;�power.and$utltorlh►to�wcute and
<br /> _-,--�„��� delhrerthis0eedatTrusttolender.
<br /> petonse ot Tfda.SubJact to tAe exCeptlon in the para�mph aDove,Tnistor wartwtMs and wW krever dgEqnd 1hA Utig tp tMe Propedy a4�nst the
<br /> .:��,��r�a lawtul claims of�I persons. In the event any aeHon.or proceedinp is commenced lCtat tduestions 7h�stpr'e tltl0 ar the(Rtaest ot Thist�e ot
<br /> --'-°��--�� lender under thh Deed of 7rust,Ttusta shaU defend'dld:acflon at Ttusto�s e�en:s. t^.ustor may bo the naminol par[y tn sueh p�o�w�YnQ,but
<br /> =.'s Lender sheli be entitted to paAk,ipate in the prooeedtriq iUid to be�cprese�ed in tlee prooeedinp bycouflG�►ot Lenders own oAok;a.and
<br />:�_�'�'•'� Trustor wiA deliver,or eause to be delivered,to lende►'suCh Irfstrumer�ls as Lendet may roite�t trom�8ma tb fime to p�mn suoh p�dpatlon.
<br /> �-_^:�,-. .
<br /> :°"�.�,°_: Comptfance 1Mb Lawra Trustar wartants tt►at ttte Ptaperly and Tntsto�s use af Nha.ProOeA!'aompl3�s vrth e8 existln0 appAeabte Iaws.
<br />-_ .-•_.;�• ordinances.andregutaUOtf9ofgavemmerdalaatharities:
<br /> : a�-�
<br /> � '� CONDEI�ANATION. Tla toitawing provislons relating to con8emnaUon procaedinps are a parB ot Qhb Deed of Trust.
<br /> . AppliCation o?Net Rroeeeds. It ail or any part of Ne Properly fs condemned by ertdrted domaEn proceedings or by•any proaaodtnp or
<br />' ' � purehese in liau at condemnaNOn,Lender may at Its etection reputre that ell or any poNan of the net proceeda of the award be epplled t0 the
<br /> Indebtedness or 1ne repeM or restuatlon of tho Rropeiiy. The nst proceeds of the award she0 mean tha award aftar paymeM of eN rceaonabte
<br /> .� ... . � ; cpsb,expenses,md ettomeys'tees Incurred by Trustee or Lender In eonneotlon with the condemnaUon.
<br /> ''�� �, ProceedM�s. If nny proceedinp in condemnaUon Is fited.Tmstor shall promptly notHy Lendar fn wrttin�►,end Trustor shei{prompEt�t t�ke aucA
<br /> . , � steps aa may be�sasY to detend tha scUnn and obtaln the award. Trustor may be tha nom[na!pady In such proceedlnp.but Lender slwll
<br /> -=' -° bo e�itled to paNcipete tn ihe proceedirrg and to be ropresented tn fhe pra�edinp by cou�el ot Hs own choice,and Trustor w�deL�rer ar
<br /> �,,,;.��• " ceuse to be delivered M Lendar such Ertstrumants as may be requestsd by N hom tEme to tlme lo permlt saah partictpaLon.
<br /> -' - -�-- �-�- ----------—�.r._._..�-• -..:�.........ae .L --•--•-•-- • • --..Iswr+}n ne,.nrnmant0)tnrGR
<br /> "' ii.�_. 3 IIYfP�81TIflN�F TlutES.FEes Awo tatw�tsw oi uv*um�wa...o..w..w,......,o. ..q ....�......�r.�..�.___.�..4._�--- -
<br /> , .,.�,_F� tees and charges are a parl ot lhis Oeed ot Tnuk
<br /> " ' Curtet►t T�ces.kea and CharQe9. Upon c�aquest by L�nder,Tnstor sheli execute such daw�neMs tn additlan to Ws Ooad ot Trust artd hka
<br /> '� • whnteves othar e�lion�requested by lender to perfest an0 conUnue lenders Uen on the Real Properhr. Tnulor s�ali r�tmburss Lendar far aQ
<br /> � • Ilmft�A@oan eli��tees�d�ocu mntary stnmps,ce d other charyes for recording a r�eg�ng tNS Oead agtnut Oeed ot Trust,induding w►thout
<br /> ' Taxp. TA8 follOwiRg Shsll Constftute texes t0 whiCh thlS seCdon 8yplies: (a)a speciflo tax upon this type ot Deed of Tnist or upon eli or erry
<br /> ' ' part ot tRe Indebl�drtess secured by this Deed ot Tnu� (b)e spedfic te�c on Trustor whtch Tnutor is autho�xed ar�equirsd to deduct from
<br /> � �, paymeMS on ttre Irtdsbiadne3s secured bY thLs type of Oeed ot Tnis� (c)a tax on this tyRe of Deed af Tnist d�u+geeCte egoinst the Lartder w
<br /> the hotder ot ihe Koto;and (d)e spectftc tex on all or any pordon of ihe tndebtedness a on paymer�ts of prtndpal end Interest made by
<br />- . " Trustor.
<br /> • Subaequert Tares. if any tax to whlch thls secUon eppties b enacted subsequent to tAe dafe o!thb Cees1 of Tnut,thb ewnt shaY hava the
<br /> ' same effect as an EveM of Oafault(es deRned betow),and Lertder may e�cerdse any or atl ot fts avaUable romedles tor an Event d Defautt as
<br /> -- ---. ��1,�3d b�:�:...'"'�"'....T",�►.�.��. Lg��n�,5 t�wY hafmg It hornenac dAtlnQuent or (bl contesb the tex as prov:ded&bove ln Ih9 Texes 8nd
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