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<br /> 1 f � �2-16-1998 98� i1,,�"�O DE�D OF TRUST P��3 �_.
<br /> Loan No 762416 (Contlnu�d) _--.
<br /> -�� P�ymenl. Truata sh�M pl�y wMn due(�nd In�N�wnts Dria to dNlnqulncy)all Uix�f,ap�clal tucn,assssem�nts,thli►pa(Includinp waNr `=
<br /> � 4 and sewer),flr��nd Impositlom lovl�d �p�lnst or on account ol the Propaty,nnd ah�ll pRy when du��II cl�lma lor wak don� on a la !.,
<br /> t services rsnda�d a mat�l furnMhed to the Prop�rly, Truetor th�h m�IntRln th�arop�rty hM of all IMnt h�vinp piially ovK a�qwl lo lM —
<br /> Intenst of I.ender under thb DMd of Truat,�xcept la Ih�Iien o}Wc�s�nd ass�ssments nol dw,�xc�pt la lh��xistlnp IncNbt�dn�ss nNrnd
<br /> t 'o bNow,�nd oxcspt�e otherwis�provld�d In thla DMd of Truat. —
<br /> � PROF'ERTY DAMAGE INSURANCE. Tha lollowinp provislans relatlnp lo Insurirp th�Prop�rty�r�a p1��1 of Ihl�De�d ol Tru�l. _
<br /> �'� MNnirn�nc�of Inwnnc�. Tnntor shall prxun�nd rr�InUln pdbla ol lin Insunna wilh sU�ndard�xl�nd�d covuip��ndonarNnb on�
<br /> S replacamsnt hasis fa tha full InsurabN v�lw Cowrinp NI ImprovsrrNnb on tha Rsal Propsrty In en�mount eufAcMnt to�vdd appNcaHon of�ny
<br /> ;,��•t�� Colnaunnce clause,and with�atandard moriyaps�ckus+In f�vor ol Londar,lop�lhw wlth such othor,hamrd flnd IiabCity Imurence R�Lender �,
<br /> ' ' mey rs�sonebly r�quln. Pollcl�t sh�N b�wriH�n In fam,amounb,cowrapa�nd 6asls rMSOnably�CaptabN to l�nd�r Rnd btwd by�
<br /> .„,�,rr�� company or compenies rsasonably accspt�hk to Und�r. Truator,upon reqwst of UncNr,wlll dellvar to Lander fromtlrn�lo dnN tl►�polcla
<br /> .�,,,,,,,n,r/el� or certiMcates of Inaur�rwy In torm sadsf�ctory to Lsndsr,Includinp sHpulatione tFut covsnp�s will not b�cancellsd a diminlshed without U
<br /> �.. ;, least t�n(10)deys'prior wAtl�n notla to Under. Each Inturana polcy�fso ehall Include�n�ndora�rrNnt provldiny Ihat cowr�p�In Irvor of
<br /> „ �. Lender wlll not be Imp�irad In any way by any�ct,omisslon or dNault ol Trustor ar�ny othsr p�rson. 5hould thw Ral Prop�rty al �nY t�rtM
<br /> becoma located in an erea deslynabd by tFw Director of the Fed�nl Emerpancy Man�ysm�nt Ap�ncy aa�s{»cla� Ilood hwrd ant,Trusta
<br /> � aprees to obtaln end m�intaln Fsderel Flood InaurRncs for the (u�unpdd pdncipu batana of ths lo�n,up to th� m�ximum poNCy Ilmits Ht
<br /> &, under the NatlonU Flaod Insurancs Propram,or as o1h�nMse nqulred by Landor,and to malntaln such Insurance for 1M term of th�lo�n.
<br /> °� D(PEN�ITURE6 BY LENDER. If Trustor hlls to compry with any provhlon of thls ONd of Trust,Includlnq any oblfWlbn to rtulnhin Existlnp
<br /> � Pr�pbsrty,�l�s=nde�on 7austor6 behalt��yabu�shaln Io abe�quly d tor,te�ripny ecUonmt�het�L�indert Wdeems pp�rop nte�My�emoulnl t�b end�r
<br /> expends In so doinp will bear Interest at the rate provlded for In ihe Nofe hom the date InCUrted or pald by Lender to tM dalo of rop�yment by
<br /> � Trustor. All such expenses,at Lenders optlon,will (a)be payable on demand, (b)ba edded to Ihe balance of the Nola aud be�pporlioned�monp
<br /> snd be payadk with�ny Inslallment payrr�nta to become dus durirp NIMr (i)the torm of any spplirable Insur�nca pol{cy a (II)lhe nmalMrp term
<br /> of th� Note,or (c)be tre�ted as s balloon paymsnt wh�h wlll be due and pay�bN�t the Note'e maturity. Thh Dsed ol Trust abo wiq acure
<br /> sndtbd on}ax u t of lhe dehult�Any eruchactlon by Lsnpder shd�l not b�const�ued ea curinp t defeuls o a!torhu L�dK hom�ny rsmWyylul
<br /> it otherwlse would havs had. --
<br /> � WARqANTY;DEfENSE OF TITLE. 'fhe tdlowlnp provlslons relaBng to ownershlp of tlw Prop�rly an a Part of thls Owd o�Trust.
<br /> TItN. Trusta w�rtnnts that: (a)Trustor holds pood�nd rt►uketebl�UtN of ncord to the Property In fee slmpN,hw�nd cl�u of W Ikns �nd
<br /> i' encumbrar�ces other Ihan those set forth in the Reel Propsrty descrlptlon or In ths ExlsHnp Indebtedness eectlon bsiow or In any qtk imurana
<br />�: polCy,tlHa raport,or Mal title opinlon Issued in f�vor o},and ax�pted by,Lender In connecHOn wlth thls D�sd of Trusl,tnd (6)Trustor has tM
<br /> full ripht,power,�nd authorliy to executs and deliver this D�ed otTrust to Lender.
<br /> - . D�f�n�of TItN. SubJoct to t1w excaptlon In the panOraph�bove,7rusta wurants and wlll forover dofand th�Utla toth�Proparty aWinct Ilw
<br /> . lawtul clalms of 411 persons.
<br /> �. DfISTING INDEBTEDNESS. Tha fdlowinp provlslons concer�ilny e�dsBnp Indebtedness(the'ExlsAnp Indebtedness'� �n a part of lhls IHsd of
<br />-• � ' Trust.
<br />� ___......__._ � FrUtlen Uen. The Ibn of this Doad o}Trust seCUdnp the Indobtsdnas rtuy be sscond�ry and Intwlor. Trustor ucpressly cownanls lnd
<br /> -::AN w �-- — apreon to pay,or aee to the p�ym�nt of,tM E�dstlnp InWbtadrwss ontl to pnvani any aiauit on nui:i�ir�wru�u.—�wS� :r�C�.^..'J"sr�..!!!1O
<br />�., , . Instrurtwnb ovld�ncinp such Ind�btednsss,or any dahult ur�der eny wcurity dxumenls fa such Indebtedrws�,
<br />�i;utK,:,,y. ;rY D�hufl. It the payment of any InstaNmsnt of princlpu or any IntK�at on th�Fxlstlnp Indibtsdn�ss fs not m�d�wlthinlh�tlm�nqtdnd by IM
<br /> nob widrnclnp such Indeblodnaas,or should a dehult occur undK tM Instrument securinp such Inda6ledn�s aryd not b�curvJ dlxkp�ny
<br /> ';:`: � appllcabl�pr4c�perlod th�reln,thsn,at th�opdon of Lender,th�Indebladness sacurad by thls Deed of Truat ehaM b�com�Imm�dlaNy dw
<br /> and p�yabia,and thls Uead of Trust elull be In detl�ult
<br />- r����� DEFAULT. Each of lhs(oNowirw,at fM optlon of Lender,shall consfltul�an went of defaWt("Ewnt of DofauN'�under this D�ad of Trust:
<br /> :�r'"� � Wflwlt on Ind�htWness. Fellun of Trustor to make any p�ymsnt when du�on ths Indebt�dr»ss.
<br />�;,,,,��.,��,:�;� Defaulf on Qther Payments. Feflure oi Trustor withln the tlme required by lhis Deed of Trust to make any peyment lor taxes or Insur�nce,a
<br /> ___, _ , ;w.; any olhw payment nacsssary to prevent}Ilirtp of or to e}hct dlsCFurp�of any INn.
<br /> `""'• `� Compliona Wfault. Fallure of Trustor to comply wllh any othar term,oblipetion,covarwnt or condiGon conkined In thh D�sd ot Trust,Ihs
<br />�_. ,. i.
<br />_'a,�,�b`,��,�•,� Not�or In any of th�Related Dceumants.
<br /> ;;��n:•�-- ' cdla�d documanb�to�u�aat anwl d and parfact�d�saycudtyhnt�at or Ilenj at nny ms a dtfabeny f eaMSO ce and�fNcl(indudirq hilun of�ny
<br /> �. ,:.r. .iw .
<br /> DMth or Insolv�ncy. 7M detlh of Trustor,the Irsdwncy of Truata,tFw 4ppdntment of a recalvw for any part ol Tnator's propMy.�ny
<br />- � . -,;,� asslynrrNnt for tha banalit ot ueditora, any fype ol cnditor wakout,or lh� Commencom�nt of any proceedirtq uncier any bl�nkruptcy a
<br /> � Inadvancy lavvs by or aqalnst Trustor.
<br /> = Evsnts Affectlnp Gwir�ntor. Any of the precedinp events occuro with respoct to any Quaranlor of eny of the Inda6Mdness or�ny Ciwranla
<br /> dies or becomes Incompetent,a revokes w disputes the vaAdity of,w Ilabllity under,any Ouaranty of tM Indebtsdn�ss. Und�r,at Hs optlon,
<br /> �:'-,,,r.. =. :,' ' m1�y, but shall not be requlred to, permlt the Ouarantor's estato to nuume unconditlonally the obllyatlons arisinp uncNr the puannly In a
<br /> ,.,�37uTy nwnnK satistactory to Lander,and,In doln0 so,cun tha Ewnt ol Dafnult.
<br /> �4'`�- " In�scurlty. Lender In pood faith deems Itself Insecure.
<br /> ,¢�'r Exlstinp Inde6tedness. A defeult shall occur under a�y Exlstinp Inde6tedness or under eny Instrumenl on the Propwty securinp any Exis�rp
<br /> • Indebtedrass,or commencement ot any suit or othor actiun to faecloso ony exlslinp uen on the Prop�rty.
<br /> . �. RIGHTS AND REMEDIES�N DEFAUI.T. Upon the occurtence of any Event of Osiault and�t any time thenatter,Trust�or l.anda,at its opUOn,
<br /> may exercisa eny one or moro of the followln9 riphts and remedies,In iddNlon to�ny other rtyhb or remedies provided by 4w:
<br /> � Acc�l�r�tlon upon Default;Addltlond Rem�dNi. If nny event of defsult occun as per the terms of the Not�sacured Iwraby,Lendsr may _
<br /> deciare all Indebtedness seCUred by this Dead of Trust to be due and payabk and the same shnll thereupon becorne due�nd payabN without
<br /> �` any presentment,demand,protest or notice of any klnd. Therea8er,Lender may: —
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