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<br /> y � ` �'F�5 11 2S-1S98 D�D t�fF TRUST Page 3
<br /> ``� Loan Pto . (Continue�) g .o � . ����
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<br /> ,—�,—_-��__ ?�ra�y►,a by ariy attcar melAad'�st�o!!i�!Prapat,inieresi 4!eny T+e�stor 7s a eaporatiaa,gadnaeatuF ar D�rttcd Uab�ty comp�►Y. •-
<br /> • trar�fer also induda4 any d�ange in ownership at more ihan lwe�dy-five pe�enl(2596)ot the voUng stock.PaAnarshfA IMeresb or amited 6abIGQt '''` .
<br /> •;-� � - cart�any Irderests,as the case rr�y be,of Trustor. However.Mis opfion shalf nal ba e�cerclsed by lendsr ft sucl►6xaalsa ts prottlbited by te�al k��:.
<br /> �.�`�' t8w�r by(Sebta5k8law.
<br /> :.`. `�:` TA]�S AND tt@1S.The foQowing provfsions relaUcsg to ihe taxes and Uens on the Property ece a peA of ihis Oesd o1 TruSt
<br /> .� :�`. - .�?: paym8nt, T�sheD pay when due(and in sU ever�ts pdar to de@nquertcy)a0 taxes�spedal toxes.assos�menb.char�as ilaetu�np water
<br /> and s�}.5nes and ImposRians tevted agairst or on account af the Properht.and stia0 PaY�en dae ell dalms tor wo�k Qone on or tor _
<br /> .•v.�, V. , SeMCes tandered or mateda!tamished to the Properly. Trustar shall maintain the ProPEM�e of all uerrs IwNng pdmity over cr eq�ta tN9 .
<br /> , ` < � :-_�. interast of Lender unde►fhLs Deed of Tnlst.m�cept for tAe Gan of taxes and assessments not due and excep�a9 otADrvnse pro�ded in ihb 08ad _
<br /> .�,'�' o!TNSL
<br /> G k ' Rigitt To Contesl. 7rtistar may wflhhotd payment of anY lex.sssessmeni,w ciafim is cartn�tUm►v�ts a gooQ lattA 415Pttte au�1hs ob�gatton
<br /> • .� � to pay.so tong as Lenders icde[est in ihe Propedy ts not jeopar�ad it a Ben arises or is fi►ed a�e resuif of nanpaymant,TruStor 6f�al1 wtWn
<br /> ` ` �� fi�en(t b�days a�tec 1he Den grises ar.'rf a 6en is file0,withfi frReen(t�ry days aftar Tnutor has noUce of!M0 wing,&oCttre thp disahdrg9 of the
<br /> � . �':•;`<. Ren,or if requested Dy Lender.deposH wfth Lend�cesh or a sufficieM carporate surety bond or atA¢r sCCUriN salis�ACtCry la lender in en �
<br /> . �mount suffideni to�scherge the�en p{us nny cosis and attameys'fees or ather ctmrgas that cout0 ecc�uo a9 n rosult of A fdecfaseua ar sate :':'"
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<br /> - - -,�- :. :. � emdet the Ren. tn arry tao�i.Trustor shaD defend itself and Lendes and si►aU sagsty►enf►adve�ae IUQgmert!bafOro aMatcamBM agNt�!ths �.:
<br /> '``#". '. `, ..r ProOeRY.Tnistor shall nama LenQer as an add'i6onel aDflgee undar anY swety bond tumtshed in the coatest pracaofings. Ss�t;,
<br />•-4 4.: . , �� .:`:`` Ewldertse ot Pa11�eM. Tn�.Star shaD upon demand fumish to Lender saUSfactary evfdence of paymAnt of I�a tazoa ar e5sassmenb and shaR :_
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<br /> .. u`'^r • e�t�e iha epproydate Bavemmer�at affidaf to deliv�to Lender at enY Ume a wrtttsn statement ot ttfo tafms and aasossme�9 agntnst lha
<br /> - T �p�+�Y
<br /> �:�� N�oe of Cottstrlfc8on.Tnator sheU notlty Lende[et teast 6fteen(1�days befare arry work is cammenced,ecty 6eMt�s are hantshed,P►artyr �
<br /> .r`s ma�are supp�ed to the ProPe�Y.U arry rtmchanlBs 8eo.materiaimens Uen.ar other Uen coutd ba asseRad on axoum ot the wark. <..
<br />:`,a�:� � s�.aR Materlatsand iha eost e�eeds ES,O�OAO. 7mstor wm upon requ�l ot Lender tunUsh to Lender advaace assuratucs saUslBFWry to -
<br /> - - --�`t �, _r.=�; Lender t�at Tnrstor cen end virm paythe cost af such tmprovemems.
<br /> �s<.. .�:...-�:��.;.: PAOPERTY OAnAAtiE INSUAANCE The fo0owing proufsians retatfig to InsuAng the PmpertY ere e Part at thLs Oead af Tiust.
<br />,� '�����} � Qflaqltenaace of tnSUtance.Tnaior shaA Procure and malMafi poUCi�ot Poe hiswance w(th standard extended aaverage enQOrseme�rts on e ��
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<br /> 4: - ':Y �epfaoemerA bas�tor the hN ins�uable vatue coveAng M ImpravemeMs on tfie Real Praperly in an amourn sufAdent to avoid eppfi�atlocl of ef►y ,,Y.
<br /> °..:-��°u.:.. � ea6�eBaus�and w8h a standard matgagee dause in fava of tead� Tmsha st�II alga praaue at�metntain comp�ahenslve generat ;.:
<br /> . : ...�ti:� OsO�ity it�sutance tn such covera9e amoucds as Lender may request wUh hustee arnd Lertder bemg name0 89 adcDtlanal trsstu�s tq eucf►OabllitY
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<br /> � • :.:.L,�, insuranee Oopd�. Addf9orte6y.Tn�stor shaD mai�ain such other insivance.induding but not OMieO to hamrd.dustness IntgmipUon.end �,µ
<br /> `^._".'`..=.°,.•w. Y• bo15x tnswaaw„8s tendet amY seasonabN reqtilr+a. Pottdes sha0 be wriiten in fortn.amounb,cove�a9�and�asb reB3onaDty eeeeptebte b '°
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<br /> .�-,� tsnear and Issued bv a�cormrarn�campan1�re.�onabN acceota6fe to Lender. Tn�stor.uDon request ol isnQer.w�f Qefnret to ienQet hOm �`:�-
<br /> � �f•:� Ume to 9me the p�ct�or certiftcates of insurance in form satfsfec3cry to Lender.includng sBputa9ons that caverag�wm rrot�wr�ened rn
<br /> �-.;'4 �-r�+�; dh�InFshed wilhout at(eesl thIRY f30)deY�Ador w►ntew+wtice to Lendar. Eact►U�uance poAcy eiso ShaA includ0 en endoraemenl provtding � ,:
<br /> �" tt�leqverage In tavar of Lender uu�ndt 681mpahed tn anyr way by eny ad.amtsstoa or defauD ot Tnistor a e�ry othe�p6rsOn.Shout0lha Aeai ``'
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<br /> .. . P7opeRlr at any Bme beeame to�ted trt an erea d�lgnated by the Otrector o!the Federal Emergency Management AgenO}I as a Spedal QOOd "
<br /> , +_'�. hemrd erea.Tn�sGOr a�ees io o0tatn and matnfatn Feder�Ftood Msurance for Ifie irnl unpal0 pr(ndpat Aetertca ot tt�ta8�1.up W th0 maxtm�un �-
<br /> ,�,..,,r..: , p�If.t'Y�69t Ut1Q8T fhe N880�81 FIOOd h�ureRCe PtogtBm.or es othenivise reQuired bY i.errder.8tid t0 tnelttl9tn StlC111tiSQl�81109(�UIBlWi�l pf �"
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<br /> � , • � qypqeatton of Proeeed9. TnisSOr shall prompity noUty lender ot arry[ass or damage to tha Properly if th0 esUtnAfod cost of repeir or
<br /> : . a• . � �eplacemerA woceeds 81AOO.Ua i.endar may make Proot af tass N Trt�stor faIIs M do so witNn Rfteen f1�days of tfi9 casueth Whether ar nOt . � �
<br /> ::,.�'�<;'.' . :, i.enQ�'s sftctQftSl�(mpeired.Lender may.at its electton,.rewive and cetah�the pro�of arry tnstuani�ertd eDAN Ihe Proeeeds W Ihe • �._:°
<br /> r:;_.. ,� ,;.•�.::-� ;,•: � �60uatJan af the tnEebt�Qrtess.O��f at enY Qen aftecttrg the 9ro0ertf4 or iha�toreUon and wpg►r o!the ProP�Y• H Lender et�Cb to apphr •
<br /> •.:,:,�� �-�- �,�:'. I�ProoeeQa to restara9on ana nPalr.Ttustar shaU re0air or reD►ace the damagea or QestroyeA(mproveme�s i�a m4nner settsfa�ory to •—
<br /> .`' �.',-,'-:•�� Lender.I.enQer shel6 u0on Satlstsctarll Pmof of surfi expenQft�ue.PaY vr reimbursa Tnutor irom t8e proaaeeds tar 1l�e reason9bt9 ero3►otr8patr� _
<br /> �.':�,.,�.,,�r.�:. ar restora9on ti Yn�star ts not in detautt under this Oeed af TiiuL MY Aroceeds wt�teh have not 6een msbiirsea wtthta 180 days aftei theCr -.--
<br /> ' '"tr:� weetD!and wtitcn.tenQer Nas nof commHteQ to the repeh ar�estara�on of the Properly stiaU De used fhst to ay arry umaum ovAng to I.�de► -__
<br /> �'�r•��� ` �. un6er lUia Oeed otTNSf,lhen to AaY eoQUe�interes�and the nmainder,8 arry.sha11 be epDfled to the pdnc�at 6alanaa a1 ih9 tnQebteQness. =--_
<br /> :.".�.Q•,. If Lender A�Qs a�r pra�eds after payment In hdl of the tndabtedn�s.sucA proceeds shaD bs p�d to Tnut�r Bs Trustars inter6sb may _
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<br /> :,�r�_ . ltpexptre0 tnsunmice at Snta Arry une�he0 fiswanca shatl Inure to the beneflf ot.and pass to.ihe p��of 4�e�rapeM covere0 by thts •• _
<br /> ,_•;,.,. OeBA a1Tn�at at arrytruste9`s sate or other sate Aetd ttnderths P�ons ot this OeeO af Tntsf,or atany fo�ed�ute8efe c1 su�fi PirQDedl► . :,
<br /> ' �;' Ttaator's Report ae tnsurance.Upon request ot Lender.however not more than once e year�Tn�.ator shM tumtst►to Lertder e ce�oA on each L��
<br /> -'�-----�'--�'' e�ttrt9 Da�I►o!tnsurence shovutng: (a)the name af ihe ittst�rer: (b)the dsks h�sure� (a)the amoimt otitre poU�Y: td�Ihepr�r�tr�staed, `
<br /> _ - _ - ; - th9 ttrert eurtent reptaoement vafua ot�ucf�proDedf►.and the mannar of Qe�rt�Wn9 that vffitie;end�(e}the e�VaQon Qst�� i�f ihe paitr.y. _'
<br /> ... .�. `. , Tn�star si�ef�upan�eWen ot LenQer.have�MQeDendent apPrelse►saUstactvey to tander Qet�rnine tfie cash vatus rePtacement cosf ol lhs . . --
<br /> �l.• Q�(y
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<br /> � •O�E�p�'1UpE�$BY I.QiDFA. If Tnrstor fasb{o eorrmlY wltrt atry pra+Aston ot this Oeed ot Tn�st,or I!an acUon o►pra�emng ta coremenad fhat
<br /> ''����.%�: wmd0 mt►tarlaIIyaNeat lendefs tnterests tn the PropeM.Lender on Tnmtars beAalf may.bN shaA aot tia reqNreO to,tekearry acUan.tAat Irander �_'
<br /> dg9►ttsepproprlate Ar►Yamau�that I.ender m�enQs(n so 6otng wm bear i�erest at the rate proutded(or tn the�tote hom ths�ie Uasw�ed ar pstd
<br /> ;':��. �y 1+mndot to the date ai�epeyment by Tnistm. M sucb e�e�es.at Lend�'s opUon.w(0 (a)be payabte on deman0. (b)ba addel!b t�e batanae
<br /> ;:.' �;; .� �:, oi th9 NotO end 6o epAar4or�ed amot�g end be PBN�Ie w8A any InsteAment Payments to become due EwtnB either (!)the term oi attyt apPp�� . . �'�
<br /> ;.�,,.Y;_ ,�;•;,�;, Inguran�e poaay ix (ti)Q�remalnMg term ot the Nqte,or �o)be D�eated as e baVoan payment which Wtll be d�ena payabta at thB Note'e matWiH . _-_
<br /> '`' + ThSS 0880 of Tnist aiso vNl seCUte 08ymerrt af ttrese emounts.The dghts praNded tot in this parag�aph sh�t be in BddiUon b any Otder rl�ts ar atry
<br /> ' �ertl8dtgg to whfch Lender may tie enU6ed on flxount of ihe detaulb Aay suc�aclioa by Lender stiell not 6e construed as curl�the detaull so as to
<br /> - det LenQ¢r from ar►y�amedy that it othenMse woutd have had �',
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<br /> -. = `� •.-..:� WAiiitpf�RYi OffEFiSS OF TfiLB.11►s toQOwing prmAslons reta8ng to cwrterstuD ot lf�e ProPeRy are a Parl of Ws Deed af T�usL -.
<br /> ,.;,•.;�;�^T.�r'' TrQe• TtttstOt Wgrtentg tha� (a)Tntstar hoTd9 good end martcefabte tltto of record to the Praperty In ta9 simpte.freB end Cteat ot a0 Qet�end
<br /> _ .: ;�:;. . vncumbrances cther than those sal toAA In the qeal ProDeM des�tAUon a tn arry UUa Ins�aanc0 poAay.We reporf.or 6na1 tiUe apinton issued in —_--
<br /> : . .�:., ` f4YO►ol,and aecepted by.Lender In conneaUon witA thls Oeed of Tn�st,end (D)trustor has ihe f�Aghf,pawer�end aulhaAty to execute ana ' .
<br /> .r• Qefir�p�Qged ofTrual b Lender. �.
<br /> ='.., .��. ,.,,. 08te o!fit�.9stb�ts!hs exs�Uort tn th9 C��►eDM above,Tn�stor wartents end w0 torever defend ihe Utle to the PraAeAY B�t tha �`
<br /> .:�.: ' �y�U1�m9 pt ell De�soTp. In tA9 evenl ar►y aclian or praoeeding ts commenced that questfons Truslofs Utle ar�e lmerest of 7ruste0 ar �
<br /> ,r � lender und9r thts Oead of Ti�,a�Trtstar sfiaU detend ih0 acUon at T��a expanse Tn�ar mey be the nominat party M sucb procee�8rtg.hN _
<br /> �: Tryst�w1p QeQver,or catue to�e�eQelivero0.t snder su fi tnstrumen�as Lander may r que.�51 om dme io U e to perm8 suC pA anidpma on.d �°
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<br /> -:_:�+ ::' ':'•"�',I:�". ComDii�ee Wlth Lav% Trustar v�rmranb thal the WoPe�Y and'frustofs use of the PruAerty compites witb ail e�dsUnp eppqc�te lawa
<br /> . .•.:�,;;. atdtnanca9,and roguta4ans of gov�nmentat aNhadfles.
<br /> ,.����� � � OONOEMNATION.�he totto�Mng proNsion9�teUng fo condemnaUon prao¢edings ere a paA of thls Oeed ot Trus1. 5
<br /> —:' ,r"'°''�°^,.` pypflCffitptl ot t10t OtaCee08. II all m anN Parl ol ttre Properly fs coedernneG by emirreni dometr►proceedinAa or by any praoaadUsg ar "_
<br /> ' purchase in Qeu of eendemnation,LsnQer may et Its etecdon requtre U�at e0 or arry partton ot the net pmceeds of the awar0 be eppHad W the ���`'
<br /> � ` '' InQebtedness ar tha.�ep8tr or�1oraUon ol lhe P1ope�ty. The net praeeeds ot the awacd shall mean the award atter payment of ail reasanatit� •
<br /> __ _ '��` � �sts,e�gns�.end attameye'tee9 ino�rred by Trustee or Lendar in connecUon witA the eondemnatten. _
<br /> ,.': ';;�.�;•..`�;,�',^. a0eeeddn�. if eny proceeding In conQemna9on is�te0.T�ustor sha0 promptly noUy Lender in wrtttng,and Trustar shall Orompfly falce such
<br /> etgp9 98 mey be ne�saeryl to det8nd th0 eetlan end obteln the award. Tnrstor may Oa the ao�inef pady tn sueh proceedin8.buf lsnder shell
<br /> ',���� , , bo eu�llifaed fo patNdpate In th9 prooaedir�g and to Oe representad In the praoeeding by caunsef ot Ib own cholce,and Trostor wID dellve►or �
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<br /> ' �:;�: cause to be daAver80 to LenQer SuoN Ic�sfruutnnents es may be reques4ad bY it tcom Nme to Ume to perrnit such paAidpa�4n.
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<br /> INQPCBR(OH OF YNfES,iEEB QHD CHAii0F.9 BY GOVERNMENTN.A1ITHCRiT1E8. The toqowtng p�oNstons retaUng to gavsr�meMal taxes� ..;
<br /> ' � faesanOct�rugweree0���0ea0clTnisf:
<br /> - - ��gt�y�� t�aa teques!Oy l.Qnder.Tn�st4r shen execttta such documents in ad�i�on!o ihis OeeA o!7rus�aa0 take .
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