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<br /> DEED AF TRUST 9��� ������ Page 3
<br /> 10-aZ-1998 � ,.
<br /> Loen No 761719 (Contlnued)
<br /> law ot by Nebteske ll�w.
<br /> TAXBS AND LIENS. The Pollowing provis!Ana roletln9 to the toxes and Iiens on the Property ere a p8rt c f this Ooed ot TruaL
<br /> Payment. Trustor shell pay when due(ond In etl events pdor to delinquenoy)all taxes. spedel texes,assessments,aharqes(Inciudinp water
<br /> , sBrvlCes ren�dered ar mate 181 ttu nl5hedetothe PropeAy. Tt�ustor het emelnt�n h�e PropeAy ptree ur ntl t ens hsvl 8 pdodly over ar equBt o t e
<br /> interest of Lender under thts Deed ot Trust,ezcept tor the Iton ot texss and essessmenta not due and except fls otherwfse providsd In thls Oeed
<br /> of Tn�st.
<br /> PROPERTY OAMAQE INBURANCE. The toAowhq provistons retatlnp to Inaurinp tha P►opoAy are e pmt of this Deed of TrusG •
<br /> � Metntenarice ot I�muronce.Trustor shall procure and matntaln po�ides of flre insumnce with star.dard extended aoverage endorsements on a �
<br /> ���,�„ reptacament basis for the tuB insurable vatuecovering all improvemeMs on the Reat Properly In en emaunt sutftclent to avoid appllcaHOn af any
<br /> coinsurenoe ctause,and wltA a standard matgayee ciause tn tavor ot Lender. Trustor ahatt atso procure and malntaln comprehensive qenerat
<br /> IlabiQly Insurance tn aucA coverage amourds as Lender may request with trustee and Lender beinb�amed as addltlonal Insureds in suoh Ilability
<br /> (nsurance poltclas. AddHionelty.Tntstor shed maintaln euoh other insurance,Including but not Ilmited to ha�mrd.bustness interruptlon,and '
<br /> • boiler Insurance,as Lsnder may reasanablyrequlre. Pollcies shall be wdtten in form,amounls.coverages and basts reasonebly aaeptable to
<br /> ' Lsnder and issued by a compnny or aompentss�easonakty axeplabie to.Lender. Tntstor,upon request ot Lender,wl{!dsliver to Lendsr trom
<br /> � � dme to dme the polides or ae�tiftcstes ot Invurance in torm sstisfactory to Lender,indudinp stlpula8ons that covetages�viil aot be aancelled or
<br /> � dimiNshsd without at teast fan(10)days'p�or wrftten noUae to Lender. Eeoh insurance pol'.cY alsoshalt Indude an endarssmsnt provtdlnp that
<br /> coverage In tavor of l.ender will not be tmpelred in any wey by any act,om�sion or detault of T�ustor or any other person. 8houtd the Real
<br /> ` Properfy st any tlme become Ixatad in an area designated by the Director ot the Federal Emergenoy ManagemeM Agertoy as a speciel 11ood __
<br /> . php I�ICytlimits Setr under Ute Nat onel Fl od�l�nwranCe Peoptam�or8.otherwlse requlred'Iby Le de�S�id�to ma�intaln suChiinsu�ra�fohreth�tm ot _
<br /> ,. � � the lo8n. '".
<br /> j 0(PETIDITUAES BY L.gNBEr7. If l'ruslor(a0s to comply wKh enY Provlston of lhi�Qead ot Trust,or it any acHon or proceeding is commenced that �•�°
<br /> would materialqt aifect Lende�s interesls in th�Property.Lender on Trusto�s beha�t mey,but ahelt nct be required to,teke any ecUon that lender
<br /> � �� deems approp date. •Any amount tAai Lender expands In so doing wlll beer interest at the�ate provlded for in!ha Note irom!he date inourted or paid
<br /> by Lender M the 6ate o!repaymeM by Ttustor. AN suchexpenses,at Lendefs opbon,wllt (a)be payab�e on demand, (b)be added to the baiance '�`'
<br /> T � ot the Note and be 9pA�orted among and be DpYabl�with any tnstallment payments to become due dudnp eithar (i)the term of any epPilCable —.�7;
<br /> t�u�pollay a �i)the remaining term o1 the Note,or (o)be treated es a balioon payment wtdch wi:t be due and payable at the Note s maturfhr. �
<br /> � �: This Deed of Tnist aLo w!M secure payr►�ent ot thes�smounta. 'Pha rigMs provided for in thb paragreAh shall be in addiUOn to any other dpMs o►anY
<br /> remedles to whioh Lender may be enUUed on 8ccount of the detauit Any such aotlon by Lendar shap not be consUued as cudrtg the detault so as to ��d?
<br /> �' � bar Lendet from any remedy that N oihenaisa Wadd have had. =__
<br /> j WARRANT1f=OEF�iBE OF TIiLE. The fo0owlnp provisions reia8np to ownership ot the Praperty are a�art ot this Deed of?rusG �—_
<br /> • Tlfla. Tnistor wertanls tha� (a)Tn�stor hdds good end markelabie title of recard to ths Prop6rty in tco simpto,fre9 and olsar of fll�Qens and
<br /> ,� enaum6rances other than those set fo�th in U�e Reai Property desaiptlon or in any dUe ingunance polksy,Utle repoA,or flnat dUe opinion fssued In _
<br /> favor of,and acoepted by,Lender in connecdon wtth thts Deed of Tn�st,and (b)T�ustor hss the UII dght,power,and authortry to execute and
<br /> .: ..
<br /> =? de!lver lh49 Desd o!Tnlst b i.ender. :' --
<br /> _ -_ _ _ . �
<br /> � Defenae ot Tlqs. Subject to the exceP�on In the para8re?h ebove,Tnistor warrards and wUl torever defend me tme to the Property apainsi iiro —°
<br /> Iawtui datms of ait persons.
<br /> pEFAt�.T. Each of the foUowfi9�at the aptlon af Lender.shs0 cor�sUtute a�eveM of detault(Tvent o{Default")under thfs Oeed ot Trus� _
<br />''' • petault pn(a�debtedne.qs. Feilure ot Tnuta to make any payment when due on the Indebtadness. __
<br /> • • peteult on Other Paymente. Feilure of Tnator within the dme required by thts Oeed o!Tnrst to make any paymerd for�or Irtsuranoe.or '
<br /> any other payn►eM necessary to preverit flAnp of or to eNed discharge of any Uen.
<br /> ' Cpmpi{pncp Defauft. Faliure of Trustor to comph►with any olher term,obitgaBon,covenaM ar conditlon conffiined tn this Deed of Trust,the
<br /> s, Note or tn am►of the Retated Oocurtrents.
<br /> Detzcpv0 CottatcraiimttOn. TAis Deed ofTrust or any of the Related Dooumenb ceases to be 4�tuli toroa end eHeat pnctudlnp fallure of arry .
<br /> " � coliatera�documents to create a vaqd and perfected aeaurtly Interest or Ilen)at arry tlme and tor anY reeson.
<br /> ppatl�pr�neoivee�a�l, The death of Tnutor or the dtssotu8on or temdnaflon ot Trustors e�stence as a poinp business.the�nsdvenoY ot
<br /> . '' T��tM�apPointmeM ot a receiver tor eeY Part of Tnistor's prope�ty.a�Y essiDnment ta'th9 4enetit of aeditas.am►type ot creditor woitcout�
<br /> . -�� or the commertcement of any proceeding under any bankruptoy or insotvenay taws by or 89a�r�st TNSMr.
<br /> i �, .:� EYents AMeednO(iarentor. My ot the preoedtng events oxurs wiM res to ar�y auaranta ot any ot the Indebtedness or any Ouerarttor �
<br /> - .• � � dies or becomes incompeteM.or cevokes a disputes the vabdf�►ot.or Ilebil r under.anY Guerar�r uf the Indebtedness. ;
<br /> 3;:��' Adrerse t�ftnps. A matedal advarse chanDe occurs tn Trustors ftnanda� condition.or Lerder belleves the prospeat of paYmeM or ��;.
<br /> . peAamanoe ot the Indebtedness is Impaired. __.
<br /> . ° Inseeurtty. lender in good taith deems tiself i►�secure. �
<br /> . RiGFRS AND REMEDIES ON OEFAt�..T. Upon the occurrenoe ot any EveM of Defauit emd at any tlme thereafter�Tn�stee or Lender.at iffi optlon, . �q;`^.
<br />_ . may moen�se amr or�e or more ot the fotlowirtg Aphts and ramed[es,in addttion to aml ott+o►�t9Ms or remadies provided by law:
<br /> � Aceeleratlon upa'i Deta�AtfdltMnd Remadtes. It enY event of detaWt occurs as par th6 ter,+Ss of the Note seoured he�ebY.Lender may �
<br /> - ~ declare aU Indebtedness seou►sd by this Dead ot Tnist to be due and payable and the seme sh�A thereapon become due and payohle wYhout
<br />„ � ' t' enY preseMmen�demand�Protest or nottoe ot a�►y kind. Thereatter.�ender�nay: �
<br /> (a) Etther in person or by agen�w9h or wltAout bdnpinp any setlan or proceedinp,or by,',raCeiw�ePPa�ed by a court end without
<br /> • � repard to the adaQnacy of its securriy,er�ter upon and take possesston of the PropeAY,or flny�art fhe�eOf.in tts own name or in ths name
<br /> Y.
<br /> y o ut Trustee.and do eny aols whtch tt deams neoessary or desiroble to preserve tttE�valua.mutcitabinty or reMabWly of the ProPerh►.ar part
<br /> j,, ot the Propedy or interest In the Propedy:Increase ihe income irom the Pmperly or proieot Ur�securllY m the P►oPerly;e^d.wtth°r without
<br />"� ' }ektng Possession ot the Property.sue[a or otherwise coilect the reMs.issues and protits M the PraPerty.tncludinp those past due and ---
<br /> unpefd.and eppry the ssme,Iess cosls and e�erises of operatlon and coUeatlon.indudirp sttomeys tees.to any tndebtedness secured =
<br /> by this Deed of Ytusf.a111n such o�der as t sn der mey d e tarm�rte. Th e e n t e r t n p u p o n a n d t e k t n g p o s s e s s lon of the Pro p e r l y.the coi�eaton �
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