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<br /> ;���. .� ,2-�-�aaa . • D�ED OF TRUST 98-11;�3b'� , -
<br /> Peq��a
<br /> ,. ,,,� . Lo�n No 76�460 � ' (�ConGnued) ' • "
<br /> �
<br /> �� rNmburN Trusta kom th�proo»d�la th�nuorubN oat of npRk a rala�tlon if Trwta Is nd In d�hWt undK INa pesd of Trusl. Any
<br /> �' proaod�whlch f�w not b»n diWur�d wflMn 1E0 d�yt all�r IhNr ncMpt�nd whloh L�ndrr Iw�not commlftsd lo th�r�p�ir a nata�tlon of
<br /> � th�PropKfy th�M M uNd Ant to p�y any�mquM owlnp to Und1r undor Ihb DNd ol Truit,tFNn lo p�y�aru�d Intsrnl,and th�rsmolndur,If
<br /> �ny,�h�N M�ppll�d lo tlw princlp�l bdana d II�Ind�bl�dnar, If l.�nd�r hdd�any procNda aflsr p�yrrHnt In lull ollhs Ind�btedness,auch
<br /> proc�h sfuM b�p�ld to Trusta�a Trutta'�InlMab rrMy�ppMr.
<br /> . U�Nxpind Inwp�la�t SMl. My un�xpk�d In�ur�nC�th�N inun to Ih�b�n��t of,�nd p�s�to,th�purclus�r ol t1�Propxty covsnd by thls
<br /> . DNd ol Tnnt at Rny truilM'�s�M a oth�r xN Mld und�r tM provfslona of this D�ud of T►ust,or�t�ny faeclosurt taN of auch Prop�M�;
<br /> �' "� Gnmpll��wlth ExlWinp InWbtMn�u. Dudnp 1h�p�riod In wh�h�ny Exladrp IndWt�dnsss d�scribed below Is In�ft�ct,compll�ncs with �
<br /> "�''�� • tl»Irtsw�na provl�lons contalrwd In lh�Inshum�nt wid�nclnq euch ExlsHry Indabt�dn�sa �lull eonstitut� compli�nc�wlth th� ineunna
<br /> provhlonf und�r thla DNd of Trutf,to Ih��xUnt compll�na wllh ll»Ixma o}Ihis DMd of Trust would conatitule a dupllr,�tion of Ineurancr
<br /> ':�,p;,,,,,_..,� nqulnrrwnt. I}any proc�eds hom IM Inaurancv b�coma peyebN on loss,the provlsions In Ihh Deed of Truat lor cilNsion of proceede eh�ll
<br /> = �,. . apply only to tFul pordon o(the procwds not p�y�bN lo Ih�holder ot 1h�Existlnp Ind�bt�dn�ss.
<br />.� ti
<br /> DtPENDITURES aV LENDER. If Trustor hib to compty with any provislon of thla Ds�d�}Trust, Includlnp�ny obllpwlbn to malntaln Ezistinp
<br /> P'N
<br /> Ind�btsdr�u In pood standiny a nqulnd bNow,a If any�cNon or prxNdinp Is comrr�nced Ihat would mahrlally�flsctllnder'a intensb in lhe
<br /> Prop�rty,L�ndsr on Trusta's b�hall mey,but�hall not b�r�qulnd to,tako�ny�ction tlut Lander deems appropri�le. My �mounl that Lender
<br /> sxpende In�o ddnp wlll b�r Interest�t Ih�r�t�provld�d for In th�Noto hom fhe deto Incurrsd or pnld by Lender to tM dat�of repeyment by
<br /> � � Trusta. All such�xp�nsss,at L�nd�r'a optlon,will (�)b�p�yRbN on demand, (b)b��dded to Ihs bslsnce of the Nole andba�pportioned amony
<br /> �nd bY peyabk wlth any Installment peyments to become due durinp Nther (i)the term of any appllcnble insurence poltcy a(il)Ine remaininy term
<br /> ,.. . ,t of tfw Nota,or (c) be tr�ted ao q belloon paym�nt whdch wlll be due and payablo aS Ihe Note's maturity. Thls Deed of Trust also wi0 secure
<br /> r c , payment of these�mounte. The riphts provided(or In thls peragnph sheil be In additinn to�ny other rlyhts or eny remedie�b whbh Londer m�y be
<br />_ entlHed on[aounl of the dNaulf, Any such�cBon by Lsnder sh�ll not be construsa�s curinp tM dnfault so as to b�r Lendu from any rem�dy fhat
<br /> , it otF�wls�would haw had.
<br /> „ WARRANTY;DEFENSE OF TIl1.E. The(ollowinp provfsions retadnp to ownershlp of iM Property are a put ot thi�Deod of Truat.
<br /> Tltl�. Trustw warrants that: (a)Trustor holds pood and marketable Iltb ot record to the Property in fee simple,frae �nd cle�r ol all Ilens and _
<br /> ..�; enCUmbrancas oth�N than those set forth In tha Real Property descriptlon or In tM Existinp Indebtedness sectlon belowa in Qny litle InsuranCe =
<br /> pdby,tNle reporl,or Anal tltle upinlon Issued In favw of,and aocepled by,Lender In connection with this Deed ot Trust,�nd (h)Trustor has tha
<br /> � full dyht,power,end authairy to execute and deliver thlo Deed of Trust to Londer. _
<br /> �� `. Defenie of Title. SubJect to tM exception In 1he pArapraph ebove,Trustor warrants end will forever defend the Iille to lhe Proporty aydnst the
<br /> a ,::.. ,:: . leiwlul cl�ime of all p�rson�. In the svsnt sny�cHOn or proceedinp h commenced lhat quesllons Truatpr's titN or the Interest of Trustee or
<br /> Lender under this Deed of Trust,Trustor ahell defend the eoUon atTrusta's expenss. Trustor may be fhe nominal pertyh such prxeedlny,but
<br /> ` Lsnder shall bs entflbd to part�ipate In the proCeedlnp and to be represented In the proceedinp by counsel of Lendars own chdce,and !
<br /> �,� Trustor will del(var,or cause to be dellvered,to Lender such InstrumenW as Lender may request hom time to tlme to permit auch put�lpitlon.
<br /> �����'�°•? � Complllnes Wlth L�wa. Trustor warrants that the Properly and Trustors use of ttw Property complles with all �dstinp applfcRbb laws,
<br /> "-'� ordinencds,�nd rnau4Hons of aovernmsnhl eulhorltbs.
<br />.��.o J���''L�`°
<br /> �,�� . •. D(ISTINQ INDEBTEDNESS. Tha followinp proWaions concsrnlrp e�dstinp Indebtednrss(the'Existiny Indebtodnas�')an� port of thls DNd of
<br /> `-�; •�,�� Tnnt.
<br />-°-=,�?`:�`; ExlNlnp U�n. Th�Men of this Ds�d of Trust s�cudnp th�Ind�btadn�ss may b�u�cond�ry and Infxia to tM Ysn a�curirp p�yrtNnl of�n
<br />�=�Yi1,�3�.:' �xfsdnp obllp�don. Th� e�dsHnp oblipatlon h�s R current princlpd bdanc�of�pproxlmately S�W,000.00. Trustor apr�ssly cown�nls �nd
<br />_�`�''-`�?,�L aprea to p�y,or sN to th�p�yrrNnt of,th�Fadstlnp Indsbt�drnss and to pnwnt�ny dN�Wt on such IncNbt�dn�sf,�ny d�hult und�r IM
<br />__��+��i_:���,: inttrurrwnb ovld�ndnp euCh Ind�bt�dnas,or any dNault und�r�ny a�curity dxurt�nb for tuch Ind�bt�dn�ss.
<br /> �•,.:��..,
<br />-";:.;:, : • WhiuR. If fh�p�yrrNnf of�ny Inst�llrrwnt of pdncipd or any Intw�st on th�ExlsUnp IndWtodn�ss b not rtu�d�wllhln Ih� tim�nquir�d by IM
<br /> .::���,;_��� nOt�wld�ndnp tuch Ind�ht�dn�ss,or should�d�fwR occur und�r th�InstrurtNnt s�CUrinp such Ind�bt�dn�s��nd not b�Cur�d durinp�ny
<br /> Y_ ::.:,��.��� �pplicabN prac�p«iod tMreln,tf►�n,at th�optlon of L�nd�r,Ih�Indebt�dr►�sa Ncund by lhls DNd of Trost sh�M b�com�Imm�di�INy du�
<br />. ____�,z1� �nd pay�bk,and thb D«d of Trust ah�ll b�In d�}aWl.
<br /> s,�"_:,�,:,�� No ModMCAqon. Trusta sfull nol anlar Into�ny api�smont wilh lh�hdd�r ot�ny mortp�p�,dwd of trusl,or olhsr s�CUrity�prNm�nl whlch
<br /> _==y-• h�f priorlty ovK fhl�U�d of Trust by whbh thal�prsemsnt Is modiMd,artwncNd, �ztend�d,or rerNwod withoul lh�pria w�idm cons�nt of
<br />-"'�"'??$� 4.�ndM. 7rustor shall rw1tHK raqu�st na�oapt any futuro adwnc�s unGr r�y such socudfy�pre�ment wifhoul th�prior writt�n cons�nt of
<br />-_. �<;:g��� I..�ndK.
<br />_��_r_,^�e� CONDEMMATION. TM foMa+vinp proNslon�rNatinfl to condemnatlon procwdinys on�part o}this Dssd of Trust.
<br />_-_��,+�'�M■ Appllcatlaf o1 Met Procesds. If all or any part of tM Property is condemned by eminent domaln prceesdin9s a by�ny procs�dinp or _
<br /> °=- ±��� purchaao In Ibu of condemnaflon,lender may at Its election requtre th�t all or any portion of Ihe net proCSeds ol the�ward be eppNed to the
<br /> .._:=-�;;;;°"'—' Ind�btadnsss or th�npalr or ristorotion of the Proporty. Ths nel proasda of tM awud shall mean the award etler prymant of all reosonabl�
<br />°_ costs,e�nse�,and eHorneys'fees Incurced by Trustea or Lsndvr In connecHon with tha condemnatlon.
<br /> ����•,�� Ptoceedinp�. If eny proaedinp in condemnation is fiisd,Trusta shall prompBy notiy Lender In wriAnp,and Trustar shall promptly take such -
<br /> � �, �� steps�s may bs nscessary to delend the�cdon and obtaln the�ward. Trustor m�y be fhe nominal pe�ty In such procwdlnp,but Lender shell
<br /> �`��i�`-.=c� b��nWNd to pardcipete in the proaediny nnd to be represenled In the procs�dlny by counsel of Its own chdce, end Trustor wlll deliver or
<br /> �-''}`' iause to bs dNivsred to Lender auch Inshum�►nb as may be reqwsted by It hom tlme lo Nme to permit such part�ipatlon.
<br /> -.�:
<br /> '`-��'='=`� IMPO$ITION OF TAXE3,FEES AND CHARGES ITY GOVERNMENTAL AUTFlOFiITIE3. The fdlowlny proNslor�s rWeHnq to povemmental fa�cb,
<br /> _y;;.'"':-���: . : faas�nd charp�s us a put of ihis D�ed of Trust: . '
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<br /> ; .cw�` •
<br /> -__.�-: , Cun�nt T�cces,Feei and Charpes. Upon raqusst by Lendsr,Trusta shall execute such dxuments In�ddition to thls De�d of Trust�nd taks
<br /> `�"";-� whatevor other action b requesled by Lendsr to perfeCt and connnue Lender's INn on the Hssl PropKty. Trustor shallrNrrburse Lsnda tor�II
<br /> �. • taxes, as de�cribsd below, topether wilh aM sxp�nsss Incurrsd In rxordlny, pKfecdnp or contlnulrtp thb Deed ot Trust,Inciudlrp without
<br /> � Ilmltntlon W fa�ces,tee�,docurrwntary slamps,ind other charpes fa recadirp or repislMny lhis Oeed of Trust. -
<br /> � �c Trat�s. The foHowinp shall consNtut�t�xss to wh�h thl�sectlon�pplla: (a)a spacNb t�x upon thls type of Dsed of Tru�t or upon�II or�ny =
<br />� f. part of the Indebtadness securad by this Deed of Trust; (b)s speclAC tax on Trustor wh�h Trustor ts nuthoriz9d or requlnd lo deduct hom
<br /> � ` payrtwnh on tFw Indebtednuss secured by this typa of Deed o(Trust; (c)e fax on thls type ot Deed of Trust cherpeebN 4pUnst the Lender or _
<br /> ' �. tha holder of the Nole;and (d)a speci}Ic tex on all or sny podion of lhe IndWtedness or on payments o} pdnciptl nnd Interest m�d�by
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