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<br /> • 1Q-06-1998 DEED OF TRUST t.�.��9�9 PaQe 3
<br /> ' Loan No 781763 (Cor►tinued) �
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<br /> matce suoh inspeotloris and tasta,st Trustofs eXpenss,as tander may deem appropdete to dotermine comp1ltanoa oi lhe Proporly wltb thls ,
<br /> seedon ot the Oeed ot T►us� Any Inspaadons or tests mada by Lender shafi De for Lenders purposes onty and shall not be conshued to create
<br /> any responslbility or ilabN(ty on the part of Lender t�Trustar pr to any other person. The repr658nta8ons and wartantia�contalned herefn are
<br /> based on Trustors due diilpence In Inv�tlpaHng the Ptoperly tor hezardous waste and ha:ardous substances.Trustor hereby(e)re�eases and
<br /> waives any tuture oiatma against Lender tor Indemnlry or cont►ibutlon in tha evaM Trusta becomes tieble tor deanup a other cosla under any
<br /> �� ' suoh Iews,and (b)aprees to indemntty and hoid harm!ess Lender agalnsl8ny and eJt ctaims,tosses,Ifebllriles, demapes, penetUes,and
<br /> � �xpen�es which Lender may dVeotty o� �ndlrecUy sustein ot suHer�esutdnp irom a breach ot this socdon o7 th0 Oeed of Trust or es a -
<br /> • co�quenae ot any use,peneretbo.manufacture,storage,disposal,release or threntened reiease of a hamrdous wa�e ot atabstarn;e on the
<br /> �rop�t1es The provisions o!this sectlon ot the Desd of Truat, Including the ob118stlon to IndemnHy,shall aurvNe the payment o}the
<br /> ni debtedness and the saUsfactlon and reconveyance ot the Iien ot lhis Oeed ot Trust and shall not be affeafed by Lender'e a�quisiNon ot any
<br /> tntarast!n the Property.whether by(oreclosure or otherwlse. '
<br /> � J Nais�ncp�Waate. Trustqr shalt not cause,conduct or permit any nuLganoe nor commit,permit,ot suHsr any strtp�►rsg of a waste on or to the �. �
<br /> " ' Prop�Ay a any portlon ot the Properry. Without Ilmidng the generatily ot the taegdng,Trustor wAt not ramove.or prant to eny other party the t.�.�1;.�-
<br /> • f1pAI to ramove,any Gmber,m(nerets Qnctudin�oll and gas),sotl,gaivel or rock products without tAe prtot wri[tan con3en�of tsnder. i�;;^
<br /> R�ertovel o!lmproverneMa. Tnrstor shelt not demoUsh or remave any Improvemer�te ham the Reai Propsrty without ths pda written consent ��'�-
<br /> af Lertd� As a condiUon to the removet ot eny Improvemente,Lender may requtre Trustor ta make errangeme��tlat�ctay�O Lender to �¢';;�-_.
<br /> ceptaco s�cch Improvemerds w3th Improvemenfs of at t�ast equal vatua. _- -_--
<br /> . Lender'a RtpM to Enter. Lender and Hs aqenta and representaHves may eMer upon the Reat Property at ell reasorebte Umes t0 at'end to -
<br /> Lendere IMetests and to Inspeot the Properly for purposes of Tnretors comptiar�ce with!he torms s�d conditlons of this�e6d ot Tn�st. ��`�
<br /> d____.,..
<br /> � � �•!' Compilena►witb GovammanW Rcqutrementa. Trustor aheil prompdy compty wllh aIi tews,adinances,aad regulaUans.now or hereafter In =-
<br /> � ;, eftect,of ail govemmental auMorlHes appilcabte to ihe use ot occupanCy of the Property. Ttustor may contest in 9ood faith an suoh lew, _;,,.
<br /> J••,�, " ����.� �� �..1�....«4...b..J.w 1�nAei �- ..
<br /> -.�-- _ ----r- viwiwi�i.e�iIi IOj�YiYUVi�01W WINIIIYIY YGC�r�O11W VYIIIItl(41��i�W00�111��iiMwuw�n�rv��Y��••••,�MI+�°N,w•�••••b«••••»•�• ..—..__••••••. - _
<br /> • In wrlHng pdor to doing co and eo Iong as,In Lendefs eole op�nlon,Lenders IMeresls In tha Property are not Jeoperdixed. Lender may requlre �-s -�
<br /> � Truata to post adequate seou�ity or a surety bond,reasanably satlsfactory to Lender,to proteat Lendets tnterest. —�
<br /> Outy to Protect. Trustor agrees netther to abandon na leave unattended tha Property. Trustor ahall do all other ads,ln addldon to tho�acis ���,'-��_
<br /> - set foAh above In thls secUon,whlch irom the charactor and use ot!he Properh��e reasonab�Y�sery to protect and prese�ve the Prop�ly. �`=�"-"�
<br /> ' D{1H ON SALE-CON8�11'BY LENDER. Lender may,at Ita optlon,declare Immedlatery due and paya6le all sums eecttted by thts Oeed of Tnut i""�
<br /> ��,;�.:.
<br /> :.. y upon tha sale or iranster,wtthatt the lsnder's pdor written cansent,of aIt or any part ot the Roal Properly,or any Intsrest In the Real Properly. A —
<br /> • '"?;:�Yi!� 'lsete ot transter'means the conveyanco of Reel Property or any dght,dUe or tnterest thereln;whether Iegal,beneftdat or equ�eble;whether votuMtry --
<br /> ,�!,�•�;;'r.`�.�r or!nvoluntary;whother by outrlaht sale,deed,lr�tallment sale contract,land contraot,oontraot fat deed.Isasohold tnterest wltt�a term prester than �� �
<br /> mree(3)yesrs,tease-apdon coMr�ot,or by sele,esslAnment,or Var�sier of any benafldel iM�est In or to any land hust hotdlnp tlUe to tlre Real
<br />. ��E Property,or by ar►y other method ot conveyanoe of Real Properiy Interest It any TYustor Is a corporatlon,padnershlp or Omtted AablUly eompany. - ---
<br /> ' trarr,iar atso Indudes any ahanpe In ownershlp ot more than fwenty-ttve pe►cent(26%)of the votlnp stodc,padnership�nteresb or��mfted qabnity
<br /> '. � comparry tnterests,es the e�se may be,ot Trustor. Howaver,thls optlon ahell not be e�cerolsed by Lender H suoh exerclse b prohlblted by federal
<br /> ,:_ . .;i'^�'�_'�_ lsrr a�b;l�r9skeltv�t.
<br /> "`�"�`•� � p provlslons relatln `
<br /> :,.�i,; . TAXES AND LIENS.The followin g to the tezes end Ilees on the Property are a part of thls Uesd of Tntsf.
<br /> '. • 7 PaymeM. 7n�stor ahaU pay whert due(and In aIl evenb pdor to dellnquenay)elI faxes,speole�texes�ess�snteels.e1�p�pnoludlrp water
<br /> � and sewer),flnes and Imposltlons{evled egelnst a on aoaount ct the PropeAY.aed shaft pay when due au clelms ta work done on or tor
<br /> se�vtces renderad a metedel furnfshad to the Proporty. 'fivstar ehall malntatn the Propedy free of aA Ilena hav(np p�torlly over�N equal to the
<br /> , , �, [nterost of tsnde►urtder dUS Oeed of trust,except to�the Ilen of texes and assessment8 not due,eacept tor tha eodsttnp irtdebtedrtesa ratemed
<br /> to betow,and a�a�pt a atMrwls�proNded In thb Deed ot Tntat.
<br /> qlpht To Contest. TNSta may wfthhold paymeM ot any tex,assessmeM,or dalm In connecUon wHh a pood falth dtspute o+rer the oDUOatlon
<br /> to pay,so lonp as Lende�s Interest In the Propedy ts not opardl=sd. tf a Ilen ertses or Is flled as a resuft of�onpaymeM,Tntstor she0 wNhln
<br /> r se
<br /> flfteen(1�days after the Uen edses ar,M a Uen ts�lad, In flHeen(167 days after Tn�stor haa noNae ot the flling,secure the dlscharo9 of tM.
<br /> Ilen,ot M requested by londer,deposlt wllh Lertder eash or a suNtclent eoRoo�ate surety+bond or other sewr[tY safl�notaY ta Lander 1n an
<br /> emouM sutNcleM to disohar�o the Ifen plus any costs and attomeys'tees or other charpes that could acaue os a resuA of a torodosaru or sele
<br /> under the Ilen. In any contesf,Tnista shell defend(tselt and Lender and shall satlsfy any adverse judpmeM betore eMorcement agBtAat tAe
<br /> ' Froperry. T�stor shetl name Lender eis an addtUonel obllpee under amr surety bond fumished tn the cOntest proceedlrqs.
<br /> • • �� � EYldence ot PerymerM. Tn�stnr shall upon demand tumish to Lander satlstaotory eMderae of paymertt ot the texes a assessmeMS and ahall
<br />: •• authoA�the apPropclate govemmenlat otAClal to detiver to Lender at any Ume a wdtten statemer.t of the t�xes an�tssessmenb a�tr�st thi
<br /> PtopeAY.
<br /> NoUce o!ConatruaGon. 7rustor eha0 rtotly Lender at teast flfteen(16)days beto�e aeY wak b com�d,any BAr�loes ere furniahed.or any
<br /> �"%"yJ materl�ts are aupplfed to the Propedy.H aey mechaNa's Ilen,materletmen'e Iten,or other Qen ooutd be easeded on eceount of the wak.
<br /> �4�r;,;>'., serv{oAS,or matadats. Tn�ator wa uPon request of Lender tumish to Lender advanoe essurances eallstaataY to Lender Ihat TnWor cnn and wIU
<br />_ pay the cost of such ImprovemeMs. __
<br /> ia... PROPERiY CAM�dH tNSt�iANCE.The PoIIowing provlslo�u retaBnp to Insudng the Property are a part of thb Deed of Tru�.
<br /> -- � Mdntenence ot InsutenCe. Tn�stor shatl prxure and malnteln poUcles of flro I�surance wllh standerd extended coverepe endorsemenls on e —
<br />-- • replaaement basls for the full tnsurable value covednp al��mprovemenis on the Reat Properiy in an emount suRtcte�to evotd appticallon of eny
<br /> °-� � cotnsutanee dause.and wfth e affirtderd mortQapee Wause in tavor ot Lender.topethet wlth sucb olher hamrd and Ilsbqly Insuranos es Lendx
<br />- msy reasonaby requtre. Polloles shell be wrltten In torm,amounte,Coverepes and besls�asonabhr accepfable to LendKr ond iaaued by a
<br /> he
<br />_- • ' � oompamr or compantes reasonabty acceptebte to Lender. Trusta�upon request of Lender.wlq dellver to Lender irom 1me to tlme the polk�es
<br /> - • or aarUR�stes of Insurance In form satlsfactory to Lender,tneludlnp stlpulaUO�that coverapes wQi not be canoelled or dlminlshed wlthout at
<br /> - .. . teast ten(10)days'prbr wrllten nottoe to Lender. Each I�uranoe polloy also shell tnclude an endorsemaM provldlnp�at coverape In ievor of
<br /> .• ° i Lender wIII not be Impalred in any way by any aot,omtssfon or defautt Of Truator or any other person. The Reai Prope�ty b Iocnted In an ares
<br /> daslgnated by the Dfreata oi 1he federal BmeryenQy Manapemant AQenay as a speClal eoad hemrd e►oa. Trusla agreaa to obtaln and
<br />- � .ks�� mafnfaln Federel Flood Irauranoe fqr the tuG unpatd pdndpal belanoe ot the loan,up to the ma�dmum poUaq UnsHs set under the Natlontl flood =__
<br /> . . ..� Insuranoe Propram,a as otherwlse requtred by Lender,and to malntaln auoh Insuranee for tha termbt the Ioan. ----�• - --
<br /> . a�lb to do�o wlthlnr fl��(6�ys�thpe mcasuNty.Wheth�notrnl.e�nde�s seeudty b Impelredel.rnender�may.at Ns c�leOtion�,recelve�and�retale �:
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