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<br /> � � "����1 DEED OF TRIiSY 'P�tge �
<br /> � 10-06-1998 �•
<br /> � Loan No 761764 (CoMinued) '
<br /> proceeds whbh havo nat boan dls�surssd vAthtn 180 days aNer tholr recefpt end whtoh lAndar has no!comndltad b tha repnir or restoreUOn o!
<br /> ths Properiy ehaN be used 1Gst to pay any amount owing to 4nder under thls Deed of Trust,thon to pay eocrued Interest,and the rom�inder.it �
<br /> any,shell be appNed to the prlrwlpat batartce ot the Indebtedrn�ss. If lsnder holds any proaeods after paymont In tull ot the Indebtedness,suoh
<br /> prooe�ds ahiU ba psic�to 7ruator as Truatars lnteraste msY aPP�•
<br /> .. �. . Oee�d trTnpt at�ny husteeb sste or oth�or s13a hetd under the Provisfans otthfs Deed ofTrusf�or t any foreclosum sale o}e�Propa�y thls
<br /> EXi�END1TURE8 BY LENDER. if Tnistor taf�4o compry�Wth any provtslon of Ihis Oeed of Tnist,or it eny aclton a prooeedirts Es eomm9n0sa tMaf
<br /> ' ' would rt�uter�i�y aract lond6�61nierest3ln tha Prope�iy,lsndar un Tnutor's bahalf may,but shaU not ho roqu:md to,tako any actlon lhnt Lond;r
<br /> ' deems approprt�ta. My amount that Lender expentts in eo ddng wCl bear fnterest at the rate prmAded tor In ihs Nob hom the date inourred or pattl .
<br /> -�� • by Lmnder to tt�e datt�ot repayment by T�. Nt suoh e�ense9,at l.endar's opBan,wUl (a)be payable on demand, (b)be added to the balnnca
<br /> •-%"�"' • ot the Note and be spperNoned amonp and be paynble wlth any I�t�nilmar�paymonls to bacome duo dwing eltt�er (I)Ihe term ot any applbabla
<br /> . ��R I�uranoa pollay a pi)t1�e romeiNn�term of the Note,a (o)be treatsd ua a baVOOn payment wfilch wUl be due and payabte at the Note's meturily. : �-
<br /> , This Oeed ot Trust atso wtii seoure paymeM ot these amounts.The dyhts proNded for in this perpgraph shall ba in eddi�on to eny othsr dghb or any �;
<br /> remedles to whlch Lander may be enU�ed on aaount of the detaurt. My sueh acUon by Lender shall not be conshued as eudng the detauli so as to
<br /> bar Lensfer trom any remedy thst it olherwlse woWd havo had. -
<br /> � WAARANTYi OEFE�IBE OF TIT�E.Tha tdlowinp pravtstoc�s relsUnp to ownersh!p ot tha Property are s part ot thls Aaed ot Trust. ��,�
<br /> ; Tltb.Trusta wartants thak (a)Trustor hdds pood artd maAujffible tllle of reeord to the P►operty in tae slmpfa.iree and ctear of ali Ile�and _
<br /> onoumbra�oes other than Noss set fath Fn the Reel Properly deso��on ar in a�ry�de ir�s�eanoe pdby,Utla�eport,a flnat ttde opinion Issued in
<br /> �'� t�var ot,a�aooepted by,Londer In oonneaNOn wHh this Deed o!Trust,and (b)TNStor has the itdt dght,ppwar,and authority to executa und =
<br /> Qeliv�r thb Oeed of T�ust to Lsr�dar. -
<br /> �,� 0elrms atTttte.SubJeot b tha eocaepUon In the parasraph ebove,T�usta wartaMs and wili fcuevar dafend Iha Htle to the Properly apatnst the
<br /> ttw[ul dalms of ap pasons. tn the event any adlon ar prooeedlnp b commenoed that qua4tlom Tn�sto�'s tltle or tt�e interest ot Tn�stee a
<br /> „ Lender undor thts Deod at Tnes1,T�or sha9 detend the aaUOn at 7Yustor's e�ense. Trustor may be the nominal paiif►In such prooeedirg.but --_
<br /> lendx shatl be enUbed to partld fn the prooeedirq e�nd to be represented In the proceediny by cou�el of Lender's ow�chWce,and ��
<br /> � Tnista w0i de8ver.or cauao to be deifvered,to Lender suoh tns4rumerds as tsnder may requemt trom tlme to tlma to penNt such parUdpaUon. r -
<br /> Compl6ona Wtth L.aYrs. Tn�ator warrama the!the Propery and Tnistots use ot the ProPertY complies with aU e�dstlrtg apPlicabte laws,
<br /> , � � , adtr�rroes,irtO repulatlons o!Oovemme�l authoritles. _-
<br /> • � CONDEMNATiON. The foliowing provlstore relaUng to wndemrtatlon prooeedtngs are a part of thia Dsed of Tnist '
<br /> � Appi101�totl of Net Proceede. If atl cr nny part ot the Properiy b condemned by ertdnent domntn pruceedinps or by any pmceeding or �:'��
<br /> purctasa In Bau ot condemnatton,Lender may at ris elecfion requtra that aA or eny paAton ot the net roc$ads of the award be epplled to tt�e �::;,_
<br /> n p
<br /> Indebted�SS a therepaIr Ot re9totdtlon ot the Ptoperty. The net prooeeds ot the 8w8rd ShdU mean the swrard aRe�payment ot e1i reasonable -
<br /> ' oosts,e�enses„end aitomeys'fees Incurred by Tn�steo or Lender in connectlon vrtth the oondemnatlon. ��-
<br /> i.;,.
<br /> � ` Procadhryp. tf ury pra;ee�ng in condemnaUpn Is fiied,Tnutar shaN prompty no1Hy Lender In wrlUnp,and Trusta ahaA pror�pGy t6�lA suah `�'=
<br /> - -� atepa�s mey bo neaessali to�defend tho adion and obtaln the award. Tnator may be the nominal paiiy tn auah proeeeding,but lender ahatl �,_:
<br /> be onuhed b paNdpate tn the prooeedtrg and ta be�opre�nted in the prooeedlrp by counsat ot its own chofoe,artd Trustot wlll delNer ot
<br /> --: C3t�3��9��Lett�sl�h�b e9 tt�sy h s t?�L�"t�!hy If fto�rt�m9 M ema to¢�nt!such Qerttcipatlon,
<br /> � IMPOSITION OP TA�B.�EEB ANn Ct1ARGE8 9Y GOVERNIRENTAL AlJit10RIT1ES. The tdiowing provlslo�reta8rc�to povemmer►tel it�s, i
<br /> . • tees�nd chtr�es are a part Ot this Deed ot Tiusk
<br /> ;';� " ' t�irant T�,Fess�f Q�erpos. Upon roquASt by Lender,T�ustor shatl e�cecute suoh doaumenb in additlon to this Deed ot Tn�st and take w`'-
<br /> ,. � wha�.othur aotlon�requested by tsndar to perteat and aontlnue Lendetu Uen on the Reat Properhr. TnaUor sheil re�mburse Lender tor aB
<br /> .' � YtNtttlO�n eA kuoes,tees.docurtw�bbul�pp.�IBr,OhNQES fOt rECOrdln�u rep�tednp olis D69d 0�f Trust. ot Trus1.indudtnp withov!
<br /> . T�cp. The foUowirg shaU consUtute texee to whk:h tNs soomon ePP� (a)a sPeotflo tax upon tNs type ot Deed ot TNSt a uPan atl or arty
<br /> . p�yrtbntS on t�he In�debtedne5s secuyred by t�typs�M O d�of Trus� (o�)a tax on Uds hpe of Oeed ot Tnist chsrpeabt�e uapair�at the Le�or
<br /> . � � • ths hdder oi the Note;and (d)a speoiNo tmc on ed a eny portlon ot i��e Indebt�dness or on payments of pdndpal and Intere�!mtda by -
<br /> finta.
<br /> . • &�bsaquenl7aaes. M any ta�c to which Uds seatlon appues is enacted subsequerd to the date ot this Deed ot Trust,thb evsM shaU Aava ttie
<br /> :�,�^�.,-►sx stnN�tfeof ta an Event ot Default(a8 deAned below).artd Lendet mtY exeroise 4nY ar W of Ib avaYable remedies tar an Event of DotaNt 69
<br /> ::-�' ��'�'... provfded below unt9ss 7lvstor eltNer(a)PaY$lhe tex betore rt becomes deYn4ueM.or (4)coetesb the�c as Drovided abow in the Taxes antl
<br /> .°!'::,,,,�•'"* tiens secflon and deposi�wfth lsnder cetsh ot a autRCisnt corporate surely bond ar other Eeourttl►�tactory to LenOer. - _
<br />- . ;°*,�'.r� ' gEp�tt7Y AGAEENIENTi FINANqNQ 8TA7'�IAENTB.The totlow(rg Provisior�s reia8np to thls Deed of T�ust as t secfxUY e0��t►t are a part af =_.
<br /> ' ' d8s Deed of Trutt .
<br /> � gdqtrf(Y p�. This instrumerd shGll Constitute a SeCUr[ty apreemeM to th9 eoder►t anY of th9 P�opefiy Cor�sUtutes fl�dures Or other
<br /> .' parsonnl propeAy.and tsnder shaN have e0 ot the riphb of a seaired party urtd9r the UnNam Common�at Code as amended trom tlme to
<br /> _ Nme. � —
<br /> - Seqully Ir�ered. Upon request by Lender.Trusta shall eaeaite flnsndnp st�mer�and feke whatever ather adEOn ts reque�ted by Lendar .
<br /> _�„�w�- to peAect uid coMinue Lenders seourity Interest in the Re�and Pe�sorWJ Prope�ty. In add[tlon to recadir�this Qeed af Trust In ihe reel
<br /> -• .,.;+�.. � Pnperly reoords,Lsndx may.at any tlme nnd wtthout hMhx autho�ation irom Tnistor.file mcecuted couMerparb.coPlBS a`reAroducdons of -
<br /> tMs Deed af Tnist as a tlnanoirg stntemeM. Tn�stor shaA relmburse Lender tor aN mcpensss tr�cumed In perlecUrg or aordtntd�g this securily
<br /> I�erefst. Upon det�tult.T�shall nssembb the Personal Properlr in a manner end at e�p�ace reeaonabiy convenferit to Tn�stor and 4ender
<br /> � h .
<br /> • and mcice N avalf�ble to Lsnder within three(8)days aRet rece�Pt of written demand from Lender.
<br /> :: Addresaea. The meulr�sddresses of Tn�sEor(dsbtor)8nd Lsnder(secured P�Y?.trom wNoh IMormation eonoeralrg the saourtty t� -
<br /> D qrented by U�Is Oeed ot 7h�st may be obtainod(eaah tts requYed by the Untform Commerdal Cade).are as siated on tAe Arst paQs of tNS Deed -
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