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<br /> .� � : ; �o��a-�eoa x, ��EQ O�TRUS`P P�ge 4
<br /> , i Loen No 7818RF'. ��;�f�1 (Cor�tnued)
<br /> • � Proyerly aE tny tiiaw b�COn�lao&1M in en erea deslpn4t�d by the Dlreota of tho FedKat Eme�genoy Manayement Agenay as a speciai flood
<br /> h�rard aroa,Tnnta a9reos to obUtn ond malntain Fsderei Ftoo�l Insurarxe to�th�e tuU unpald prindpN batanca ot the toan,up to ihe ma�dmum
<br /> paltcy Omit4 Eo!under the NuHOnat Flo�d insuranoe Propram,or as oth�wise requtred by Lendar,and to malntain such insuranca tor the term at
<br /> ths�oan.
<br /> �palkatt8a Of P�oeeedf.Tnistor shall prompUyr nobty Lende�ot any 19ss or damage to the Properly.Lender may meke proot of toss R Trus!or
<br /> fell�to do so Nit��n flft06n(16)days`q�he casuatty. Whethet ot not Lender's sacudly b impeired,Lender may,ut Ita eleaUon,receive and reteJn
<br /> � th�prooeeds o1�tny insuntnoo and��q�r the procoeds to!he roduoUon at the Indebtedness,peymem of any Ilen affeotlnp the PropeAy,or the =°'�
<br /> rostoratlore and topalr of tha Propedy,It Lender eleob to appty the proceeds to restoratlon and repffir,Tnistor shati ropafr or repiaoe tha
<br /> "; •;;.� darr�y�d or dtctroy;.d Improvam,^,qL.�,d a mursn3r eallsfactory to Lender. lender si�ail,upon satisfactory proot ot such expendlture,pa y or �'.
<br /> � �••� refmburse TrusEpr from the prooeerJs tpr the reasonabte cost otrep alr a restoratton it Tn�stor is not in defautt under this Desd of Tnist My
<br /> �'� prooeeda wA'ah h�va not baen dlsbu.s�d WitMn 180 days afte�thelr recelpt and whlch Lender hes not commltted to the repalr or restoratlon ot --
<br /> ,K ,,,,,y,,�y�i.� the Rropecly s►W be used flrat to pny any amount owing to Lender under this Osed of Trust,then to pay acaued tnteresf,and the remalnder,if —
<br /> . � any,sMlt be et�plt�f!to the pdnctpat f�a4�nce ot the Udebtednesa. If Lender hWds any prooeeds atter payment In tutl oi the Indebtedness,such
<br /> , ,-� Proceeds s1u!1 bo p�'.d to Trustor as Ttt�Stor's IntR►qsis may apRear. �
<br /> thlmtpitAiC Ir►lf6�mnA3 at SN10. My�noxpfrr.d inaura�ae ahati inure to the beneflt of,and pass to,the pu►chaser of the Prope�lyr covered by thb
<br /> Oeed oiTnat a�t any busteo'e s�Ie or oUtor aate teafd under Me provis!ons of this Qoed ot Tnrst,or et any toredosure sele of such Property. �
<br /> � TnutoPs Repott on.(ntwranae. Upon request of Lender,h�wever not more than onoe a year.Trustor ehan tumkhh to Lender a repat on each
<br /> ; exlsUnfl polkyr of Insuran�e showtnp: {a)thH namd Of the insurer; (b)the dsks Insured; (a)the amount ot the potloy; (d)the prope�iy i�ured,
<br /> • the then currant replo.oament value o)such ptqpGtqi�and Me manner of dolermining ti�at vatue; and (e)the exptraUon dato ot the polSay.
<br /> �,. Tnista sh�Jl,upon re�uast of Lende���ave an tndapsndeM app�satlstectory to Lender determine the cash value replacemen!cost of ths
<br /> ;" PtoPetl�►. v..t —
<br /> E77�ENDITl1RE3 BV�FNDBR. If 7lvstar'�ita tm cor�+pty wtth any proviston ot this Oeed ot TrtuL or if sny aaUon or prooeeding is commenoed that
<br /> E FN qg
<br /> ' . would materialty aRtnt Lenttm's lnteresls In thq PropoAy,Lender on Tn�stors behaN may,but shaR a�ot be reqWred to,take any acuon that Lender
<br /> deems approprtata Mr amaunt that Lendor expendS in so doing wiU bear interest at the rate provlded for in the Note from the date incurred or psid � .
<br /> ' br Lender to HaB data of tepaymaM by Tn['stu. M suoh�pe at Lendere optlon,wid (a)be peyable on demand, (b)be added to ttte batance —
<br /> of the Note and be appo�tlonad amortg end be payable with an�y insteBmeMpaymems to become due during eqher m the term ot any eppNcablo
<br />. . � i�uranoe poUay a (if)tha rq�mflining term ot the Note.or(a)bo treated as a baltoon payment wldch wiil be due and payabfe at tt�Note'e mehtrity.
<br /> • This Osed ot Trust atso v��9$oaure paymeat•of these amouMs.The dgMs provided tor In this paragraph shell be in addldon W any other dphts or any --
<br /> rert�edies to whkh tsndts mAy be eMitled�on accouM ot the detauR. My sueh actton by Lender shalt not be co�lrued as cudng the defauft so as to
<br /> bsr Lender from eny�+emedy th�t R olhawise woutd have had.
<br /> . WARRANiYi OE�[SB Qf=TI'RE.The toiiowtnp Provlsions relaUnp to awnershlp of the Properly are 8 paR of tNs Cesd ot Tn�af.
<br /> ' Tltie. firstor wazmnt�thak (a)T�r holds goad and marketebte dqe of record to the PropeAy In fee simpte,tree and ctear of all Qe�and
<br /> enaumbra�ces othpx than those sst t h in the Real PropeAy desaipUon or En any Utle insurance pottay,tlUe repart,or flne!tlUe opinlon IsSUed in
<br /> � tavor ot,aRd aooepio0 by,Lender Ih.bnnedion wlth this Deed ot Tnist,and (b)7rustor has ihe tutl rfpht�power,and authortty to executa and
<br /> o ^� detiver thts Qoed ot Tn�s!to Lender. �
<br />:.c,`. '.:. Dateiue'of?ttie. SubJ�to the e�ccirdUOn fn the peragreph above�Trustor warta�s and wel torevet detend ihe Utle to the PropaAy�g�tn9t tho
<br /> "" tawt�d ctaims of ah pe�sons. In the A�eM any acUon ar proceedlnp is comrtrenoed that questtons 1Ywtors dUe or tha tntere.9t�ot Trlest99 or
<br /> .�.F : ' i,endor under this Oesd af i n�si.irustqr,shaU dafend the acGOn st rnsta's eo�ense. rn�stor rtsay be the eomtnat party tn suah procoacunp,•Out °
<br /> � �� L'bnde►shaD be e�t�d to partidpate'(n tl�a�coceedlrp and to be represeMed tn the prooeeding by cou�el ot lsnders own chobe,and
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<br /> --,-� -. ,� : '�` Trusta w�i deliver,pr cau�e ta tre daUvereB,fa i.,ander such inslrumenta es Lender may request frcrr Urne to Ume to permlt sucfl parildpaUon.
<br /> -. �" ,"�. Property and Tnistors use ot the Property compiles wifh ail e�dstln8 aPPUcable laws.
<br />';:fi�`�,t�!`�.., • Complt�ne�WRh Laws. Tnator wa�renls thc�t the
<br /> :y�;.,:?�i•{�{ • ordlnanoes,ertd reyula�iions ot qover�meMai 8uthorttles.
<br />:t.$;.:}'S:v
<br /> �_?t•:�?4�,•'�✓�'r CONDBMNA7iOM. Tha toUOwSng provtstoas re�atlng to wndemrta9on proaeedtngs are e part of this Qeed ot T�ust.
<br /> .;`;:�':'.. Applladon of Het Proaeds. B ell or any part of the Prq�erty b condemned by emtneM domain praceedings or br any prooeedi�or
<br />_- . p�aah�se in Ibu of condemniUon.Lender may at Ns eleottoa requlre that ail or any portion of the net prooeeds of the awerd be appUad 4o the
<br /> - - :,.,;;�� Indebtedn�ss or tharopak or restaatlort of t�e PropeAy. TNe net prooeeds at tAe awerd shell mean tha award alter paymeM ot e�reasonabte
<br /> :�;_;�� cos�.eo�s�ea.end altomeys'tees lr�Ctmed by Ttusfee or Lender tn com�ecUOn with the condemnat[on.
<br />_ _ .�+:t+. Proaedinp�. If any prooeedinp(n�,,*4fdemnntton b fited,Tiustor stietl promply notly Lender M wrUnp.and 7�stor shall Promptly take such
<br /> --"'�'�`.�;,;�,�;� s�eps as may be noc�sary to Aofend the adton and obtaln the award. Tnutor may be the nominnt perty In such proceedinp.but Lender sheA
<br />`�_y��;Fi�rrma bs sntHled to ppAbipate tn the
<br /> -----•-��� causs to be da7�reted to Lendor such��ntian4s as ma�be t�sted b ipt�me to dme to ot ib awn cholce.and TNStor w1M deliver a
<br /> Y �eV Y Pe�'�ffsuchparUdPaUon.
<br /> -��.��'_���� IIMP081TION�F TAXEB.FEES AND CHARGEB BY(iOYEANwAFM'AL AUIFIQfiIT1ES. The foROVring provfsions reietlrg to yov9rt►mentel�tes.
<br /> _�--•,�°•'.'��` ''. fe�snd C!�°.-�ii�as8 8 R�'!Ot!!��d a!�t's�t °---
<br />;�Y:��:�
<br /> " :!_,:-•.�• Curtent Taoc�s,Fees and Gfiar,+�s.zUpon cequest by lertdar.Tn�stor st�ali eorocute such dooumenb In ad�Atlon to Mis Oaed ot 7wst and fake —""'
<br /> ,;:�:`�a. .,. whatever ott►rr edloe is uostar!b Lender to
<br />�:`,�. �V Y P��and co�nuo lenders Nen on the Real
<br /> �.t���,.�;� en Properly. 'fhata shaN reimbtuso Lender tor sY
<br /> .;,.:':ri�r�' �ceo.as des�xtbed below.toDether with aU e�enses incumed in recadtrg,PeAecttn0 a oontlnuinp thts Qeed of Tn�st,Inoludirg wtthout
<br />�.;�'•`w.�..': �: Iimtfa8on�SI teocos,tees.documentary sffimQs,aed other charpes for�ecadinp a repistedrg this Dead ot Tnisf.
<br />:�;;'���, '"•�.. T�res. The toAOVAnp shall constltute�s to whtch thb sectlan appftes: (a)A sAedNs tax aPon tJ�is type ot meed of Tnest or uPon ail ar any
<br /> �` pelt ot the+Indebtedness�br�tlds Deed ot Tn�sl; (4)a speoifio te�c on Tautta�whkfi TNStot ts nuthortxed or reqt�hed to deduct from
<br />.:.�;�_ paymenis on the indebtedr�d'se6ili0'Dy this type ot Dead ot Trus� (o)a tez on tMs type of OeBd of T�ust cherpeable against the lender a
<br /> --�:�_--s.'�°`�� tAs ho►der ot the Note;and �jc�'�S�ctRe te�c on eU or arry.pwqon ot the Indebtedness a on psymeMs of pdndpel and tnterast made by
<br /> -_-"�; Tnntot
<br />- �--r-,.a �• - t•t •
<br />=_-�°��•-. 8ubaequemt T�cea. if any�c is�Wl�ot►th1s sectlon applies is enacted s�saquent to the dae of thts Osed oY•Tn�t,tt�s evsM aheY have the
<br /> - _ same eReat as an EMee►t of QetaiAt{ne deflned betow).and tsnder maY ex�rohs amr or at of Ib avaY�bb romedfes tor en EvaM ot DefaWt ea
<br /> • ' Lple�deseott�d deposfls wfih t�an�8�,�asf�i the�ft hecomes deUnquenL ar (b)aontests the tax aa Provtded above In ttie Toxes and
<br /> caporete surety bond or othe►s�nity sat�tactary to Lender.
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