|
, , .. . . . . . . v.:'?'f�wn.::'
<br /> . ... .. . �� � . . . , . . � .. .. � .. . .
<br /> � . .. i. ., .. . . . . .. . .
<br /> � i .� . �� .. . .. �w. � . . .
<br /> .�. r�' �'.y < <�r li,� �� � .
<br /> d �� � a ��'„� ;re.�a�yi,+�
<br /> .. . .S S7':�r � . . , .. � . ^5�!:+r.�,��` �.� ; . . � � .... Ju'�}
<br /> � f�P��i:
<br /> � t��.�.
<br /> g,,p w, ,.;�;'.r�Fe��.. y, e,p �tFr,, �.
<br /> 12-03-1998 �I]°- 1:1.�s3�':� ����.�r��� 't'�U�� �a�e a ��� ��:.
<br /> ,s� �
<br /> �` Laan No 762264 !Cacai�tinu�:d) � '�¢'���.
<br /> �} __. __ _,_._--. ,� --s�� a�,Q �':���
<br /> '� � roimpurse Tru5lar hpm ths prxasds fw tho reasonable cosl vf r+op�ir or restorellon ft`frua-1pr Is not in defuult undar this Deed of 7rust. Any y��„��
<br /> proceeds whiCh have not besn dispurs8d withln 180 dsys attqr theif rQCOipt and whiC�t l,9nd8�h&s nqt CommiRed to the repair Or r99tpratlan of r���fi !��
<br /> thp Preperty Shnli be used first fo pc�v eny smouni awing fo t.endar unqr.r thia�caRd��Tn�st,trysn.to paY eccruQd Interest,and the remainder,if �+ ��s•
<br /> any,shall be spplied fo the prir,cipal batanca oi lhe Indobledross, If LrSn��r hot:�w eny prc+c�eds aflqr paym�n!ir�fRill ef the IndebtadnesS,such � ����:
<br /> �rocoads shall be paid ta Trus!or as 7rustor's Inte�ests may e�paar. • � '��',� '
<br /> i E ,
<br /> � Unexplred Insurnnce at 5ale. Any unexpired Ir.surAn�e�hnn�ntr�5 t�thp bene1°17�,*.n�+^ss�1ci,rh�R pUfChFSP�Sl�f1!A PfOp91'S�COV8f0�by ihl5 e ' `�`
<br /> ! Dood o4'i ust at any trustoe'S SAte Gr Gther 5a18 h6id u�dar the provisions zt thiis D[�a�at T;'as',Gr a!eny for�C�oSUro sal9 of SuCh Ptop9rty. x r`
<br /> � EXPEH�I7URE5 eY LENDER. It Trustnr tails to comp;y�,vith any provision c!this�ce�of Tfust,or if any ac8ore or proCeeding is commenced tha! �a oy',r J��+r':
<br /> ; would maCenally affoct lender's interests i�the Proper�y,1_ander an Trustc�s Go�aiP md,� bu!;�c1°^ot ba requir�d to,taRe any actlon thst Lender `�` ;�
<br /> ' ' �oams appropriAl�. Any amount that Lander axpend5 iri so doing will bear r<p�asf at ihe ra e provided for in the Note irom the date incurt9d qr paid '"vr "{
<br /> ' j b Lvnder to the dete of re a ment b Trustnr. All suoh ex enses,at Lqnder',o tiqn,wili s be a able on damand, b)be added lo the bslance r�+� �^�•
<br /> „ . J Y P Y Y p P f ) P Y (
<br /> ° � ot lhe Note and be.app�rtivnad among and be payable with any installment payments to become duo during elther (q the term of any applicable ������'�r,
<br /> �"�� , :� insurance policy�r (ii)the remaining t9rm af tha Note,or (r,)b�treated as a balioon payment which wili be due and payable st ihe Nots's maWrity. ,��
<br /> ' `� This Deec±of Trus'aiso will secure payment pf the5e�mounts. The rights prnvided for in this paragraph shalt be in addition lo any olhar rights ar any
<br /> ; � remadies to which Lender may be er,titled�n accour.t of Phe defaul4. Any such actlon py Lender shatl not be construed as cur�ng the default so as to
<br /> ` '� bar Lender irom any remedy khat it pfherwise would havn had.
<br /> WARRAW7Y;D�FEN5E OF TITL�. 7ho`ollowing provisions rolatir7g to nw7�rship ot ih�Proporty are a parf of thi5 Deed of TruSL � �"
<br /> � :' �
<br /> ; 1 Title. Trustcr w�rrar.ts that: (a)7rusiar hAlds good and marketab�e ti;ie af reco:d in ih�+Propoity in tee simplo,free and clear of a!I IignS snd - '�wa„
<br /> ,, � enc�rib�cnc�s othor Ihan tho,o Te!!crth in tho Ren.l Pmperty dosc iptin.n�r in pry ti:!A insurarr.A pollcy,titl�report,or(na1 titie opinion issued in ��? , �v `
<br /> ,'.� favor ef,and accepted"ay,L.ondor r�o�n�c.ion with th5 Deed of Tr� t,;3nd (M)rrustnr has the full right,power,and authoriry to execute and
<br /> � deiiver tt.is Deed o}Trust to L�nder �M�y��
<br /> � ' �ePans�o�Tltle. °ubject!o the eY�e�tion in tha para�raph above �'e u�•.or warrants,nnd wIi!rarever dafend the titla to the Property against the y� ��r,�`«�'
<br /> " ! lawtul claims of all porsons. In the event any action or prs�ceedin��s r;ommr�r•��ed t�At question5 Yrustor's tide or tFie interest Of Trustee or '��+ ��� r,�,o;
<br /> y; j Lande: under Ihis Ueed nf'frust,Trustnr shalt defer.o the aclion nt Trl�stor's expense. 'Trustctir inay be the nominal pa+ty In such proceeding,but ��w�?����, ;
<br /> Lender shal! bo antitled tq participate in the procoeding and to be repre5entad in the prxeedinq by councel of Lender's own choice,and �� �
<br /> � .' Trustor will doliver,or c&use to bo da�ivered,tp l.nnder such instruments as Lander may�e�quest,hom time fo fime tp permit such parlicipation. ���; °,�,;
<br /> + � Comqliance Yl' .n Laws. 'i'r�stor warrants that the Property and "frustor's use of the Proporty cnmplles with atl exlsting epplicable laws, '�' `�r1^,� `
<br /> ,�; '�, � urdinancas,and regulatic.t�of govarnmental nuthoritles. �'`'
<br /> , � CQMQ�MNATIOM. The fallowing provisions rol�ting to cor,demnation proceedings are a part of this psed nf Trust.
<br /> �'. ; � ,� .
<br /> + �;� Ap�licatfon of Net Proceeds. It ail cr sny part �f fhe Property !s cpndemnad by aminor,! damaln prxeedings or by any proceeding nr °
<br /> p�archase In ilou oi condemnatinn,Lendet may ut itt eivclion rupulru ffiat atl or nny portipn of tha nat prxaeda of the nward be applled to tha
<br /> ����%•� Indotlednoss or Ihe rep�slr qr restoration of the Propsrty. 7-ne nef proceeds of the awaru si�n1�rnean 4he aweru aror payment ar ell reasonable �
<br /> �n '�? casts,nxpenses,and at;orneys'fees incurred by Trustoe or Lende�fn connection wilh the cond9mnailan. r �; '
<br /> �, ,� proceedinqa. I�any proceeding in Cpndamrration is�iled,7rustur shali promptty noiify Ldrider in wriflng,and Trustqr shell promptly teke such
<br /> '� :1 i sieps as may ba necessnry to defend the action and otataln tl�e award. 7rustor may pa the namin�i party in such praCeeding,but Lsndar shell k
<br /> ba enfitimd to particiFats�n thp proceeding and to be represonte.d.In tha proceeding�v counsel of its own choice,and Trustor will doliver or ;
<br /> �� cause to be detiv�rad to l..ender such ir,strurnents as may be requested by it hvm tlm�+In time to permit such participallon. ,F
<br /> ' 1 IMPOSITION OF TAX�S,FEES AMD CHARGES BY GOV�FiNMENTItL AUTHORI?IE3. l'he Polin�ing provislons reietinq to gavemmental taxas,
<br /> ,�'� fees and chqrges ara a part�f ihfs paed of Trust: j
<br /> ` ��r�� CUffOrlt TaxCB,FCES 8nd�Cherqes. Upon request by Lender,Trustor shall axecute such documants In additien!a this Dsed of Trust and take r
<br /> T�;`.A�, whatevor other action is repuestod by Lender to perfect and Continue Lgnder's Iien on the Fiaat Property. Trustor shatl relmburse Lgnder for all '�i
<br /> tnxes, as described batow, ;orflther with aq expen5e5 InCUrred in reccrding, perfecting or continuing this Dead ol 7rusf, Including without ',
<br /> �v •'� limitation all taxos,foes,documentary stamps,and other chqrges for recording o�registeriny�this paed of Trusf.
<br /> , ; ,y �t'i
<br /> 'a Taxes. The lollowing shall ctlnstlfuta taxes to which this section applies: (a)a spoCific tax upon this type of Deed of Trust or upon sll or any �r� +°;,
<br /> y,...;' pert of ihe Indebtedness securad by this Dsed of Trust; fb)a spocific tsx on Trur�tor whlch TruStor Is aulharized or raqulred to deduCt from �"�'.
<br /> t �� pnymont3 an Iha Indebtednnss socd;;ad by Ihis type af Dned of'rusl; (c)a tax an this type ot Deed af Trusl charpeable agalnst Ihe Lender qr .�'l
<br /> ���; the holder of tho Notp; and (d)a s�ociPic tax on ail a pny portbn af the Indabtedness ar on psyments af principal anQ Interest made by ��''
<br /> +'� � Trustor. � �
<br /> � 5ubscquent Taxes. If any tnx to vrhlch Inis saction a�otins is arncted subsequ�nt ta the dale n}fhis peed of Truit,lhis ev9nt shdll have tha �'�p1
<br /> � n`� snme enect as nn Event ot Defaull(as dofined below),e.n�Lander mr�y�xarciso eny ar sll of Its avallable remedles fcr an Evenf af Qe�eult as `" ��
<br /> ��1 nrpulded bplow unless Trusfor eithe� �s)pays tha tax before if becomns delinqur�nt,or (h)Contests fhe fax as provi�'ed dbov9ln!hg T6xes and ?�
<br /> ;�f l_lens sectlon and deposits with Lender cash or a suMicic±nt corpornte surery bend or olher sec�trity satisfe�alory fo LenGer, �+
<br /> -' SECURITY AGREEMENT;FINANCING STATEMEN75. The Pollowfn�prov�s�ons relating to this l7eed nf 7rust as a securih;wgreemenf erA a pert of ���'�
<br /> ;" � thls Peed ot TruaL ,����
<br /> � ' SecurlhJ Agreement. Thls Instrument shail cqnstitut4 a secunry agrc�mnnl to the extent any o} the i'roperry .:onslitutes Axtures or other r�'
<br /> '� � personal property,and Lendar shalt have ell of!he ri{�hts qt e spcured pnrty under the Unftorm CommerGe!Gode as amanded ham tima to '7, "
<br /> �I time. �;
<br /> Securtty Interest. llpon request by Lender,Trustor shali�xncuW financ:ng statements arrd teke whataver olher actlon Is raquested by Lender
<br /> �' ! to perTec:t end continue Lender's sacurity Inlerest In Ihe FYenls end personal Properly, in addltlon to recordinp thl9 Deed of Trust In the reul r' `
<br /> prepor!y records,Lender may,at any tlme and withbut further authoriza"^on trom'fruatar,flte execut�sd counterpaRs,coples or reproductions of
<br /> !hi,poQd ot Trust as a flnancinp statomAnt. 7ru5tor shall relmburse I_e�dar for all exp�nsea In�urred In perfactinQ or continulnp this security �� .
<br /> r''� inlerast, Upon default,Tru�'•.r 5hal!assemhle the Personal Property In q manner and at a place reesona�ly convenlent to Trustpr and Lender � �
<br /> m '' and maka it availpble to Lei.�er within thrse(3)duys aftarreceipt of wrftt�n domand kam Lt,nder. , �? �,•
<br /> Addr�sscs. Tha mailing addresses of Trustor(deblor)and Lender (securad party), horo whlch inlormatlon concerning tho security interesf �'�
<br /> � � , granted bv';ds peed of Trust may be vbtained(each as raquired by tho!)ni}orm G'ommerclal Cede),are�s statsd On th9 Nrst page of thls Deed
<br /> of TrusL
<br /> � ' .. ' . � ' � .. ' ' . � ..�. , i� � , �� . E.��." .
<br /> � � � . .. . . . �� . A�1 .
<br /> . . . . . . � lk�(� .W.�
<br /> � . . , ... . .... � ������•`P '.:.
<br /> " k
<br /> , � . ' �N��++�4�1"y Y�,r
<br /> , . . . . . . , . , � �J�,.
<br /> s,Gr9.�^,�
<br /> t .�... , , .,.� . .......... ..,» , . �...,.,.mrv.qy... , .a. , ,.c��*1'.,r+�.�+�M�7�yp,�7j��1kiP,�. �,NIqF��.lw•wrJ a ��ry .
<br /> �xk bw
<br /> , ', ' ' . . . , . , � � � ,. . `,; . . , �y.
<br /> . . � . . . ., . .
<br /> , . � , .'. � ,:
<br /> � +�
<br /> .. . , . � .. . . , . . ' ' � �' �Y� d A
<br /> � . . � . "1� i1�,
<br /> . . . . . ' d)P�4 ` ''t �:�� ` ` J rfy� W
<br /> , � . . ' ' . � . ��,N � .i. ��,��1 ��l
<br /> . , . , ..� � n' Y f,i r
<br /> . � . . , , . . . �. �.;i 1� k �.' y
<br /> � . �� � . � 4 � 4�p y � �`
<br /> � . .. � � ... � . .. b� ��� �, � q�� y ! �.
<br /> .. ' . . , . . ' . .. .., Ji�•� r��,� '
<br /> �'.
<br /> l
<br /> �J�r �d �
<br /> � y,, f �
<br /> f�p
<br /> �, �!I y.'�5�1e) � S;
<br /> �� . R.{°��.�4 lt+l^7Q i�' ��.�„_ f . . . .
<br /> .. . �� . t�,�, _rr.a
<br /> :;. r.
<br /> > .�r,
<br /> , , .,, - .. .
<br />
|