|
'� -. j�di it«w'�.q cT • ay� y"x :s^` , .,.-."r"�^"^ _ __ , 1+t� _
<br /> �.19m����� -����" `�'� . h{��..�C}'������ �,°'Y-�-' .� "' d��ea —� __-.
<br /> -. u _ r?�{� �� t '�- • -i"'� ?: � � � .
<br /> - • -�� .• i� � •' i��1...• 115 .. � t' -E nL .. � .
<br /> {[ � i�.,1
<br /> r��7 ..2FrI _,}�� .-r•' 4�- . , .
<br /> - �Y 4',i 1� - � .
<br /> ,iiii����; ,
<br /> ,�t..,��,.r . ,:
<br /> ���" _ .'`r,:';i�.,:1�r;�,.; .
<br /> r `•r.. ;;y;:;�yt����;
<br /> ��-- - - __ �._— . . . _.. ------- ---- --- ---------�� ------__ _. _ _._ •''� / ti'r':dr,i��J'
<br /> _. ... _
<br /> ., _,._ ... ...<<, _
<br /> . .�_.... - . ., - . ,...:ae -� ��
<br /> . ,
<br /> � , . .� �. . � ' . n ._.. ._.� �.. �.J.`',1�sv?�(�
<br /> :.
<br /> ,
<br /> , ,.
<br /> , • �;j:.
<br /> ,_
<br /> �ff}u" ._,_.___.-------..�.....-•----••......--•...._...._.._..... _.._.... _.. .._.. �
<br /> i,Y`;.
<br /> �.1�.,.t��"..
<br /> 'If��il���i�,;:
<br /> '� �o�s-t99s � �8°�j,�9t�9 DEED OF TRUST Pdgb 4 � �it�.��>��
<br /> .;;,;;;,-
<br /> .. Lean No 781763 (Cotninued) `__�_.. _._.�._. �`��?''���.
<br /> ' the proceeds of any frauranoe�and appry the procecEs to Ua nduotion o!tAs�ndsbtednosa,paymsnt ot eny Ibn o8eotlrtg Ihe Pmpmty ����„�''�
<br /> ,or the ...•�kR�a;:
<br /> restoratlon end repelr of the Proper4y. It Lerber e►eots to appty the proceeds to restoroAOn nnd►epolr,Truabr ehaq npalr a repiaee the ``'-`
<br /> �::�
<br /> damaged or deshroyed Improvementa fn a manrter aatGstadory to lendar. Lendor ehatt,upo�oatlafnotory proof of ouoh expendtture,pay or ��°::
<br /> reimburse Trustor from the prcceeds Por the reflsonabie cost otrepa Ir or testoreflon If Ttuatar!a nof In delnutt under Ihls Dned of Trunt. Any ;�^
<br /> '. . prooeeds whloh have aot been disbursed wiWn 180 days crter t fr rncoipt nnd whtoh Londor ha0 not oommltted to fhe�epalr a restoration of ,.,,;;
<br /> the Propmry shaA be used flBt to pny any emoun4 owlnQ to Londer under thls Osod oi Trusf,lhon to pay nacrued inlaosf,an�th�remalnder,it .'t-5:.
<br /> any,shail be applied to the principel baiance of the Indebtedness. If Lender holds any pra000da atter payment In full ot the Indobtadness,such ;"u,:
<br /> .,-�f:,:
<br /> �• � prooesds EhaU be paid b Truator aa Tn�sta's Y�te�+esb maY�PP�r• , -;
<br /> Un Irod Insurence et 8ele. Ari un Ired Insurancg shdl inure to the beneflt of,and paas to,the purohaaer o}the Property aovered by thts -f��.r�.
<br /> � Y �p ��=.
<br /> Deed o!Trust at any irustee s sele a other sete hetd under the proNsiom of thb Caed ot Tnist,a at any tonatoaure eale ot eueh aoparty. t,sr:;:<..
<br /> ._ ,-A� Complionce with E�datin�Indebtedneas. Ourinp ihe pedod In whbh any ExisUnp indebtednes9 destMbed boiow ia ln ette¢t.eanpYance wlth '!•'?!'`+:;:°>;
<br /> _ .�� the insurance provislons coMstned In the insirument evidendnp auah Existinp Indebtedness shal�oonstltute aampllence with Ihe Insuranee `�:i�:'::�:`
<br /> proNsion.s under thls Oeed of Trus1,to the o�Gent compllence wllh the terms of this Oeed ot Trus!would oonslituto a dupNcatbn of Insurance �'�'<«�
<br /> `.�':,,, � requlremeid. It any proeeeds from tha insu�ance beeome payable on loss,the provlslons In this Deed of Truat tor dlvtslon ot proceeds ehalt � :��;
<br /> �:ti.._
<br /> ;:�.';;j:;:�y� appy only to that padon ot the p►xeeds rto!payabie lo the hotd�r of the Fadstinp�ndebtedness. ••._.
<br /> •�C�:� , ,:'�`s�;_.
<br /> � Qfpl3NDliUNEB BY LEtJDER. It Trustor feils to oompry with any provlsion ot thia Qeed of TruM,fnoludlrtg any obtipallon to mUnteln ExisBng !�=-_
<br /> lndebtsdness in pood etanding ea requlred betow,a if any aetlon or praceedinp is commeneed that wouid matedaity etteet Lende�e Interesta in the ��'Y`'
<br /> } Property,lsnder on Tn�stor's behait may,bu!shaE not be reqWred to,take any acUon that Lender deems approprlate. Any amount that Lender
<br /> _ � eapends fn so dofng�Iti bear interest at the rate provlded for In the Note hom the date Incurted ar pald by Lendx to the dtte al repayment by �.'°�=
<br /> .�.�. Tnistor. Ail such expenses,st Lander'e opnon,witi(a)be payable on demand, (b)be addad to ths bolanc�o!ths Noh�nd b��ppatloned among _ ___
<br /> and ba payaba with any tnafaltment paymanta to become due durinp etttwr p)the term of any apQIkabto inawanoe poiloy a (U)the remalning term _
<br /> �•� n!!he flle}�. !I IR�F10 MAAIAtI AR[I haUnnn rwvrmrtt whfeh �he dn��nd eovabU at IM NOtr'6 flrilYflly. Thl�Oasd of Trus4 dw wiU sooure `'—'-'
<br />�' � payment oi triese amounta.The rlphts provided for In this parepraph shali be!n addlBon to any olha►rlqhts a any rome��os to wntan unaK may os = °
<br /> •• `nb!�'_ entltled on aecwnt of the deTault. Arsy such a�on by lender alntt rtot bs cona7usd as ourinp tM ddnuit so a to bu Lendor hom�ny r�rtwdy that =•----
<br /> . � 'j:;�: ft oUie�wise would neva had. -�
<br /> . j-y.t' WARRANT1f:OEFENBH OF TITt�. The tollowinp provl�lons ralQUrp to ownetshtp ot tha PrOperly aro a pert ot thb 099d Ot Trus1. -��.�6:,
<br /> ,�..`.��A TISe. Trustor warrocds tha� (a)Tn�stor hotds good and merkstable tltle of recad W th9 Prop�rty in iM elmpN,(r�tnd c�esr of ali 11�and �;�--�.-
<br /> • �� �., encumbrano�s otAK than those a�t torth in the Reat Propedy desalpflon or In tlw E�d�Inp Ind�bbdn�a�otlon botow or In am YtN fnsunnce -' --
<br /> '`��'+'•:'��' polby,fl1M npart,o►Anal Ude opiNon tssued in favor of,and acoepted by,Lertder In conneatlon with this Doed of Ttust,and(b)irusta(at ths =-
<br /> "`�;+�: , tW dp►�1.Power��nd authcrity to exeaute end delhrer this Deed ot Yrust W Lender. �`
<br /> .,r�. <<
<br /> � o �i'Tk MUn�of Ttqe.3ubject ta tha exoeptlon in 0re parapraph abova,Trustor wartanb and wW fonver d�f�nd the tide to the Propaty epalnst ths � _-
<br /> �.�:� ItwNl cl�hns o!�11 pWSOns. In the event amt aoHon or proc�edinp b oommenoed thtt qwstlom Trustors titla or tho Interest of Truat�a ���-=_-.:
<br /> s�s LM�urMa tBb O«d of T►ust.Trusta shati defend Iha edlon at Tn�stora e�er�. Trusta mty b�tM oomtntt pady In iuoh pocNdinp,but �-
<br /> ��� . Landlr aRd ba�rtided to partloipate tn the proceeding and to be repre5ente0ln tho procs�dinp by counaN of Lendera awn ahota�,and °
<br /> ^_ --.=nE'_- „ TA��M���.':,'�:s!o ba dell�ed.!o Lsnd2r Ss�A Instrtsmsssb s5 l.snds snsY sGQsssst!rltm lfss�!o!!ms!o�s!!suclt�. -
<br /> , ,
<br /> , Compihna Wlth laws. Tn�star warrants ihat the P►vperty and Tn�stors use ot tha Piropaly complla with a8 exisdnp �p�lio�l�la kws. �
<br /> atdlrnnoe�,and�eBulaUons ot povemmenfal aNhodUes.
<br /> ., OIISTINO iNG�IHSS. The fotlowirp provblo�cor�np ext�np indebtedness(tbe'fidsdns Indebadnesa'�aro a pert dthb Ce�d o!
<br /> Tn�at.
<br /> F�f10n�LNe. 1'h*Aen ot thb Oeed of Trust aecuring the Indebted�ress may be secondery and Inferlor to the tlen eecwirtp peymeM ot�n
<br />"' �dli�p obipaUOn tq Principai Rssidenllel Mor�sye,lnc.art lowa Cap.desodbad as: Deed of Tn�st datsd 6f31186, and noord�d In Hall
<br /> �1Q�fE6.� �1 r�ig ob�lf�aBo�hes a curteM pd dpel belanae ot�eAProxi atel�yr 561�,OOD.00 and Is�n�M�e�o�nsi 0 no�al tmoun of
<br /> 1eC,ODQ.flp.Trusto►expressy aovena�s artd a�ees to pari or see to the payment ot,the ddsting Indebtedrress artd(o pmrsnt tny dehult on
<br /> ., �� a�k�d�bl�dness.any default under the irutrumenb svldendng suoh tndebtedness,or any default under nny secuAly doeum�rks far euoh
<br /> � trld�bUdMq.
<br /> OMuAI. M ths payment o!any In,staltmeM ot princfpel or airy irderest on the Existlnp Indebtedness b�ot mad�wlthin th�fim�nqulrod by ttN
<br /> • nob�vtd�raina euch inde6tedness,or ahoutd a deieutt exur under tho InsQltmeM seoudrp auoh tndebtedness and not b�cvad Gurirg any
<br />-` " � appNabN pr�cs perfod thereln.then.et the opUon of Lender.the tndebtedness seaured by thb Deed of Tn�st ahaA bscoms imnsdf�tely dW
<br />-,' '"�` �nd PtYabN�and 1Ke Oeed of Trost shall be In dafautt. �
<br /> �'"°`� No ModMc�lton.Tn�sta►shall not erder Into any agreemen!wtth the hWder ot any mortgaye,deed of hust,or other aeaurKy eywment whbh
<br /> • �? � hes pdo�i!y over lhis Oeed vf Trust by wtVCh ihat ayreement Ls modi8ed.amended.extended.or renewed wlthout the pria wrlG�en oonsent o!
<br /> ': „1 Lertder. 7nistor she�u netiha requea4 nor accep!any future advances under any suoh seourily epreemeM wtthout the pria wAEln oonsuit of
<br /> Lender. •►• -
<br /> COHD�INMATION. Tho foAOwin9 proe�aicns rotatirp to condamnetlon pra:eedinps are a part of lhis Dosd of Tnist G. -
<br /> -__ AppUpolon ot Ne1 Procee0s. Jf eq or any part of the PropeAy b cortdemned by eminent domein prooeedinQs a by any aooNdirp or -
<br /> - purchaae N t[su ot�ondemnatlan,lander may at ib etaoban.�quire that eN or amr pation ot the net prooeeds of t!w eward b��ppNad to ffw
<br /> 'ndebtedrtess or f�rspalr.a re9taaNan o!tho Properiy..TAa net proceeds of the award shall mean the award ntte�ptymor►t aftll ntsotnbN `
<br /> =� ._;�.; cas4s,expensea,and attomeys'tees lncurrotl Dy Twstee�r Leader In connecHOn wfth lhe condemnatlon. _-
<br />-�'^'• "" �, PraCaedin�. It acty pr�caedlnp in cond�mni9on is Aled,Tnistcr shait prompUy nottty Lender in wrNin ,and Tnistor ahali prongtty ttke�uBhh _
<br /> ha g u
<br /> ;,,�: - � i•steps a.s may be ne�r io d6tend the aatlon and obtain the award. Trustor may be tP�e nominat pedy in such procee�fnp. b�und�r�haN -
<br /> ��� � be entlded to pedidpa;e.;M ihe mroceedtnp and to ba represerited in the proceeding by cour�sel W Ha own choloe.and Tn�sta witl deitvar ar --
<br />- - ��� • caus�to he delhrered to i.en2at_sucte dra�rt�as mey be requested by ft trom Ume to dme to parm}t suoh particlpatlon. _
<br /> � � ,t�ao8mor�OF-7'AKES.FEE8 MID C�QE3 BY QOYERNMEHTAl."'A�RHORI'fIEB. fie tollowinp provisions reiaUnp to povernrrtenTal t�s. `H _
<br /> ��� �, . tMS�nd cherpes ere a part ot this O�od o!Tn� . . . .
<br /> n QirtMi!Tmcea,Fees end qsaTpes. Upon reqaost by Lender.Tnstor shell execute such documents in additlon to thls Oeed ot Ttust Ynd t4ks _
<br /> ° wl�atovor other aotlon b requested by Lender fo p�Aect and cor�lnue Lenders Ilen on the Reat Propenyr. lYUetor shaU reimburee Lendor fa atl
<br /> ; �•,�. texes,�es Gescribed beiow,together with a[I cuqaenses incurred in recording,perfeoHng or con8nutrtg thls Oeed ot T�ust,Indudlnp wilhout .
<br /> .. :�.���r-mr.'-,�.�.�,,.. ; .�...._i.�� ( .' : ' —._.T.++w,,,�,s„r,e�o. ...
<br /> .,.� � . . . . -
<br /> �i �
<br /> , � t �u -:�` 1� ' �•l�� �,f�P�fi;'.�;� /'i'� .
<br /> - -.- : . .._ ` -��_ :� - -�- '- -
<br /> :'
<br /> = °°_ - - -° - - -:i�_ _- - - --- - -- - - - - - ----
<br />--------�---- - - ----__ -- - -- -- - - -- ------ — -
<br /> . . . ,.;�: T�- T-d- c �� - -�- - .:�r� . • . - . .
<br /> � �• )� -1 ±� :�� , -� l . ' �'
<br /> � � ,�•}(: ., _ S 1`i � . •t.\/. . .
<br /> ' . . �1.:'.:��..: '�:�i!<� �1. . - ��t,��. . _. . . _
<br /> ' `1, . ,��`,('� . � . . . ' ' _....
<br /> .� . ,l ,
<br /> .. ;,(. . . - , :; ' _ . .
<br /> a . , `v
<br /> � �1�- .. ' � ..
<br /> � . ' . .. � ' . . �
<br /> r . :,.,.
<br /> ,
<br /> > � �;::..�:�.:
<br /> ,
<br /> ' .:.. ... . ,:.� _ __ - - - -
<br />
|