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<br /> ,:� °: �:.-. 4�-17-1997
<br /> . 6oa�tto S7'YST6 (Co�tnue� d�7�° �(� �'f - ` `
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<br /> ° • that eatIId fl�tte as o��afe e�rt��� . .
<br /> ` ., amaunt suf6c�Ee�to dlschar88 t��en ph�en!►co�s and att�neY�taes�att�r.ha�8es ..
<br /> ' � under the�en. tn anY cantwl.Ttt�tar shaU deten0(LSelt artd Lender en��heD seti�ll�Y��� .
<br /> .� ,. .-t p�ppedy.Tncstcr shall name landet es an addf6onal ab'��s tmdsr e�!►�etY bond flut�t�d tn ii�cardesi DroCeedtr�s- . :
<br /> : Ehdanae�PaYm p�gav��a�tdal to da�ver to t�ndar at�e�s�tan�+md�of tha tarm an4 ass�mertb a8��
<br /> , ., .; �`. �eUttt� .
<br /> , .� KOttse Of CoasicuCtlan 7nstor sha0 notiff►Lendar 83lesst�en I15�dsys aet�rs eaY waic b CommenaoQ.n�ry s�Mc�3 0m flcn�ttG�at ecsll .. .,
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<br /> � �arA suDAlled t�ft�e P�raPedY.B enY m�cAan!o�a Qen.materislmsna Ben.��hsr Ifen eotdd be e�ss�erta� �Tt�r et�d�v8 ;,`.cr �
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<br /> . .� serviee�,ot materisLs.Tnistot wID uDoe ce4��t af Lettder ftunist�to LettQer BQvetiw e�s5tu9t�as sa�Slt , �
<br /> -_ ' t,' .',�.�'. paY ths eost et sucb improvemerRs. g�a�of Ws Desd of Trust ...
<br /> . -:.�.r-^`r�'"-�``: PitOPFRTY DAl49AGE If+ISURA�iCE.Tha todov+tn9 P►ovtstorts�e1a9n9 to I�udnB tl�Pro�lY
<br /> _—.s�•-,' •;• en49�ssmDnts on a ----
<br /> , °•- � ideltltenetlCg ot tnstu�tte.Ttustat sfiatl proGUre an 8 a s s t�T n P o S d e s C f 8 t e(r t s t u s t�c e witA sta�►da►�es�Bnd3d�
<br /> .� _. � ' wPlaoemsrd basis tar tha fu0(nsur8bte Y8(aB������r�leot�idet.ifustor 8!��ef50 Oroe�us e� meislfairl�mPra�ltet��ner�! " "'
<br /> `; c�nstnance d a t�s e.an�w x h e s t a n d a r d m o rt�a 4 s e e�u
<br /> -� ',,�� He6II'itlf i��in such covaraSe amaunta es Lender ma�wQus�w8h trus�eeku�udtng b�d BmRed toAamid.b�ss Udem�� � ``; i`
<br /> L" tnsurance PoBdes. AddHanaDy.Tnatar�f inetr�Tn such othet tnsurance. es and�Sis�aasoneAty�m
<br /> �- . - ' boIIer fnsurance.as Lender may teasoneDly re4vha. PaL'cies sfiaU ha wr�Een In tarm.ama�n te�qtt�st o!tenQBr.wPJ 6e�vato Lett�ar 60m
<br /> � ` ` �`« lender and issued bp e comAanl►ar eomPanias reasonabry exePtabte to LenQe1 Tnator.u0 wID not�car�ad ar
<br /> ,.', ..�. � �:- 6me to 6m�the potk�or ce�tificat�of insurance in form sa�tmN to Lend�,ir�tu�n9�A����� •.
<br /> .`�r �mintsAed witnoul at�eas►ten(70)�D�vrtinen notice tu Lender.EetA Instnartaa Oal'wY etso shaD tndttEe enQ��Sh�P a���
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<br /> , eoverage tn tavor of lenQer wai not Oe UnDa�d in efi►vuBY bY�Y 8�omission at Qefaeft at Tn�stcr a enY o�r P�
<br /> p�pperry at anY time hecame tacated(n en area dagl9nated by tl�e DtrecEor ot U�s FeQaal EmeiSencll Managems���5►es 4�ecial Eood .
<br /> tia�cC area.Trustor a�to obteh�end matr�in Fed�at Flood(r�stuance fa the tu0 unpald prtndP�baTan�of thr►Ioan.uD to Uie m�dmttm _
<br /> ��Gmits sel undsr ihe National RooOlns�uance ProB�.or as othe�wise�eQuhed Cy Lenda,end to matnffih�su�i�urance[crit�term� .
<br /> t � l. '` AppUeation ot Pmcee�Tnistor sha�PromPttY rtof�L9nder of eaY lass ar QamaSs to fhe PraAeAl► Lendsr maY make F��toss HTnstar . .
<br /> ,. �` "�' taQs to do so w�nin fit:z��{tsr3 daYs oHhe eesnattY- �er a aot t,end�s sectui�i�s�mP�4 Len�t ma�►.at Bs elecBOa.tecedve end reT�fn .
<br /> th�proceeQs o�erry ins,nance artd a;a►'Y tlte pro�m trie redtu�on af ttiaa Indsblednes�.P�N ot anY Ben eRecHeO tlie PtopedY.oriPto
<br /> � . V;=�' restpreiton and�eDau af the FrcAa�Y• It lend��to apgl�t?ag Oro�eeQs to rastaragon end repatr.Tnts�ot shafl r���BD�e� .�,:'
<br /> __. . :` ,_�::::T: �ged or Qestra7�d hrtPmverne�ts M a menner�Y t�n.�r. Lead�shell.Wan�rtafl oroaf at suctt�en&�paY a `.,,<•.._
<br /> � �---,—..�Y:;�;� �eimburse Tn�stor E�s►the Droceeds fcr the riea5onabie cosl ot rsy�Y cr restaraHan t!Tnstor�not In defatQi un6er ttds QYed at Tct� MY . ,-�-
<br /> . prcceeds whicA AaLe nat been disbursed wftNn 18D deYs�tlt�r�t end�'sd'�i.ender has nat���th0[e�tn6�r B
<br /> ' •' �"�, fbe Propertft shall be used firsi to pay any amautd owTn9 to Lender under Ws Oeed o't 7nst.then to RaY. in tu8 at tha tnd�bffidr�s.sw�
<br /> . �.,- . �° � grtyt,s2�ap 6e ep�ed to the pdndpel Dalance of thB IndebteQneSS. [f LenQer Aot�any Dra�fl�Oayrtterd
<br /> =.: ' pc¢a�ds shau 68 paid to Trustot as Trustofs ir�e�ests maY eDA� _ ,' •
<br /> � .� �•- -� � �s�lrPA Hisiuc�e at Sate. MY anexpired tnsurance shall inure tn tl�e benefrt ot.and p�s to.tlie Otachaser at tAo FhopedY eavcra0 bY Ws -=
<br /> c� ns a!tfds Dead ofTn�l.orat arry4creaosu�esal0 at su�A PropetlY• ' .Y;.
<br /> Deee oi Tnist at a."ty�ustees sale or other sate he10 under the provt�o
<br /> � " '' Trttsia��ReaoA on{ns�anee. Upon request af Lendet.hawevar not moretAan once e ysar.Tnntor shaA ftunish to Lend6�e�crt on eat�
<br /> �.'t1 PoikY W i�uranca showtng: (a)the neme of the tnsuret: tb)tha rt�cs irtsure� (e)tbe emounl ot the A�Y. (��0��� _..,
<br /> • tta�Cucrent replacement value af such ProPerh►.and th9 manner oT det�nWnO tl�at vatu�and (e)itw w�Yatlan Qa�at!ha pa1G.7/- �n,
<br /> . '-,� ,` Trt�sNaA.Won request of Lender.have�en inQepender�t appra3s�se5sfadaql to l�nder determine it�wsh vatua�taoertserd�.tst d tha �
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<br /> �`� p�ENDtTURES 8Y L�TtIIEii- If Tnistor fai�s to compty witA anyr prov(sion of fAb De.ed ot Tntst,�H ergl actlon ar D�������
<br /> ' .° •° woutd m8ter(a�N 8fteet C.end2�'s t�ecests le U►e Vropetty.Lender on Ytustors beRatf may.but sha�aa16e reqt�red to.tske attiy ac8on it�Len� �
<br /> � ``` deems approprtate.As�y emouM ttiat Lender e�ends M so dain9 wAI bear tr�terest af t�sa rata proNded tor in tha NC�a gam tts�Oats Uwvr�ed ar peid
<br /> .. , by tender to the date af repayment by Tnistor. Atl such�enses.at I.snsers op9on,wLt te)Oe payablB an dets�and.�(b1 Ce added to tls0� �;
<br /> of @re Ndle and be ePPoNOned emnng an 0 be pa y a b t�w M e r ry instat��+srd Palm+er�s to beeoms dua duAng eftA� ��e tecm at er��AD��e �--_-
<br /> . " inSNa�ece 0aL•cy or (a)ihe remaiNng tertn af the Note.or (c)be he8te�as a balloon paymerd vuhlCh��n�����oUt6r ef�Atg t s a�e r►Y � ,r-
<br /> • Try�pee�of Tcust aso w�U secure paYmen t o f t h e s s a m o u M S.T h e�i g�t s D�d s d f or in this p e r a�e p _
<br /> , bar 1�+�from any nreznedY thai it otherwise woutd�ha�rd�+a dafa�Cf. Ar�y such actlon bY Lender sh3D not be eonstr�ted es e�utn9 iT�Qeiat6l so Qs t o
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<br /> WqqRdapD4Y;pEFEC�iSE OF TIl1E.The foVOwtng D�o��8rt9 tO�h�of the Properly ane a parl ot tNa Oeed af Trusl _ _
<br /> � Tltte. Tnutor warrants that (9)Tn�stor hotQs 9ood and��e BBa of reCOrd to the PropeRY in t09 S1mp►e.ke0 8nd 1�aar Of Eub�ena ��•:�_
<br /> ' • � � ' encumbrances otAOr than th�e set tOAh in the Real PropeAy desaiption or in 8rry tltte hisureno9 p�l'tiUe repat.or ffn81 fHte oAtnf�s�1� �•�-:
<br /> .` ".- favor of,and aocepted bY.LonAer M wnnectlon aw?�tNS Deed of 7nis1.ana(b)Ttustor has the t�dA tlghL pow�.and atRhaAry to 6xeCUte ead �:_:�
<br /> � � deBver tNs Deed of Trus1 to Lender. _
<br /> . _'.2;. Detensa o1 Tit1e. Subjecl to the e�eDflon in the para9raDh ebove.Tn�sCor warrnnb an0 wID fOrever defend th0 8S8 to tha RroD�Y��� �� J
<br /> ' i>.'��� ' tawtul detms ot aD Dersons. tn thB event arry achon ar Praoeediny b commenoed thef quesHons TctstQle tl�e�tha t�ot Ttusteo�
<br /> • •• Lender urtQer this DeeO ot 7nis1.Tn�stor shaA detend the adion at Tnstot's�ense.Tncsta►maY�Sthe noMnJ parly in sucA proo�InQ.bu! _
<br /> Lender sha11 be enUt►ed to parU�ate In the prooeeQing and b be represerded(n the proeee�bY cou�s�.��n����'� '
<br />� Tnistor wlil deiive�.ar cause to be deUvered.to LenQer sucA ir�strumenb a9 Lender may ri9Ques!6'a�n�e m tlr�to 0�s�h O�P�an' '
<br /> . w�Qs 6�54 �wA �'�,
<br /> . . ppmpilanCe VYit�Law9. Tn�star wart8nts that e.'�i Ptoperty and Tntstofs t�e Of tA9 Prayedy COmPifes �D aAO� � _'
<br /> � � • ordinances,and regNaUons of govemmentel eutrt�es.
<br /> . �• ppHDEMNATtON.The foitowing pravlsions cetating to condemnation prooeedirtSs are a p3r1 of U�is Dead of TnuL �-`-��
<br /> .. . Appttct�tton of Net ProeesQS. I1 all or any OaA af the Prop�►b conQemneO by eminEmt Qomaln prooee�or bY e�Y�n0� •�,�.;
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<br /> � ' purchasg in lieu of CondemnaUOn,i.ender may a11b elecUon require that eQ or anY PorHoe Gf the Rei Dtooeeds Of tho awatd b�CDp�sd to Ud
<br /> • Indebtedness or 4�repah or�estora�on of the Praperty. ltie net prooeed9 of trie owar0 shaD mean the award after 08Yme�d a1 a���� .
<br /> �os(s,expenses.e.-+3 attameys'feas incurted by Tnutee or Lender M ConnecUon with tha eanQemnation. =�- '
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<br /> • Proeeedings. If eny procee�rtg M aondemraatlan Is Rted.Tn�star sha0 promptly no�ty Lend�tn writ�ng.and Tnstar ShaH Oromp�Y hk�aurfi - -
<br /> steps as may be necessery to Qetend the acflon and abtein the axrard. T�usta maY bA the nomir�gf pady tn s�0�T�Q.�buf��ch�
<br />— ' C e e n ti tl e a t o parti c i Aate in th�proceeding snd to be reyreserrted tn the praeeeding by catmsei ot ils own cf�oke•
<br /> ' � � cause to Oe Qetivered to Lender sveb instrumenb as may be teques t e d b y H t c o m f t m a t o U m e t o p e r m 1 1 8 u C A p a r tl d p a�o n.
<br /> . � . .�. iMPOSiT10�i Of TAXES,FEES AND CHARGES BY GOVERNldFMAL AUiFI0RR1E9. me toao�$a�o�rr�.raun9�o go,r��enm��
<br /> ? � � (ees and chargss are a paA af this Oeed of Tnux �
<br /> ' Current Taxea,Fees ona CRargea. 11PCn r2av�st by Lender.Tnutor sheU e�c:b such dxumerrts In ad��ca to iPila Oeed af Tn�t en0 talce •
<br /> vfiatevet other aeUon is requeste0 by LenQer to peifeet an0 eorrtlnue Lenda�s G�rf on the Reat P�agarh►. Tr�tar shaD rBTmbt,o�LsrQer Tar a7
<br /> 11�on all taxes feas,Cacu�me.'s:arY w�stamAs.an0 ott ha etiarges bt re�ca mn9 o p�egHt9dn9 this GbeO ofTntst eed ot T�L�wt�trout .
<br /> � � Tmces. 'itie foltowing shatl consfitutA taxes to which this seeUon app�e.s: (a)a spedfta fa�[uAon thts type ot Oeed ot TnnM m upan e0 or 8elt
<br /> -- - paA o!the Indeb:sdness securgd by tNS Deed of Trus� (b)e sAedAC tex on T�star which Ttustor t9 8ulhoAmd ar reQutrBd t0 dodud itotn .
<br /> - ., U�e hot er of t erNotetand(d)eusDeciBO tsx on a0�or any paNnn of�the n6abtednes�.seorton payrnerds M pd�ei ana i��i maQB Oj► , .
<br /> = � _.' � Trustor.
<br /> � S-abEequeM Tmcea If any ta�c ta wtUCb lhis secUon applles is anac6�d s�sequenl to lhe date ct W9 008d af Tnu�W9 Ovent Shatl haW fhB •
<br /> �•� sams eNeet as an Event ot DetaNf(es deftne0 betow).and Lertder may mcerdse enY or all 01 ib aveifable rema�ss ier an Ever►f of 08ffi�ee
<br /> � ' Lp,lens sect6on and de�posiLs w�th iLendere�,�a�sA or a suNiclen oirpmatesurety bon0 oi ottn�securl�Usisctary tc Le�����Texes 8nd
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