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<br /> . ��� � . �2-Y9�.y99s DEED OF TRUST �8 '1Y.�68 Paye 3 �,_=_
<br /> �� � L'oen No t�69505 (Contlnued) "=
<br /> �� - e..
<br /> � Rlpht To Contest. 7rusta may withhdd paymenl of eny►ax,asssssment,or clalm In conneclion wllh p ppod faith disput�over Ih�obNpallon `
<br /> - '} �tt�n�(16)d�ys�aMr the Iien erhesiathf�Iie�61ed,witMn�lihe�n�(1fi)deys�Ile�r Trusta ha�notks olufhe'�W�npayment,Trusta shaN within —
<br /> nq,securo tM dlacharp�ol lhe
<br /> ;� Ikn, aH rsquest�d by Und�r, deposit wNh Lendsr cash or�sufAcienl corpordo sursty isond or othsr seCUrity saNshctory to L�ndor In en �°
<br /> amoud�uMlcNnt to dtschar0�fF►�Ibn plus�ny costs�nd atlorr�ys'fMS or other ctwrpa tFUN could ocerue u�rault of�la�claun or sal�
<br /> under Ih� Ibn. in�ny conbst,Trustor shall ds(and itsNf and L�nder�nd shall t�tlsty�ny adwrs�Judprr�nt bNa��n(orarrNnl�q�insl IM
<br /> � Propwry. ?rustor shnll namo Londer as an addiHonal obNpee under eny surety bond furnished in Ihe conlest procaedinps. ■'��
<br /> r---
<br /> -:,.,� Evkf�nC� M P�ymMt. Trusla tluiN upon dertund hxnlsh lo L�ndK s�tishclory widma ol p�yrrNnt of 1M t�xa or�ss�strr�nb�nd sh�N
<br /> �ulhalnl tl»�ppropHllM povMnmsnt�l ofM1cwl to tNNwr to L�nder�t�ny tirr��writbn Itt�t�rn�nt,of tM tuces�nd�ss�sertNnM�plllrnt IM
<br /> Prpp�ry.
<br /> Nofiqof COnstrue9lon. Trusla ahaN notiy l.�ndu�t Iw+t1 NMNn(16)d�ys bela��ny wak b comrtNnc�d,lny s�rvias u�IurnbFNd,or�ny
<br /> k� m�f�rW1 an�uppliW Iq tl►�Prop�rfy, II�ny m�chanb'e iNn, rtwt�r�alrrNn's Il�n, a o1hK INn could b� �sMrt�d on�ccount ol Ih�watc,
<br /> ::�r' Nrviql,or matwi�k. Trusla will upon nqu�tt of L�nd�r furnlsh to L�nd�r�dv�nce�ssur�ncy�atisl�ctory lo L4ndsr thal Trusta an�nd wM —
<br /> 'tl,, p�y tMcocf ot such Improvemente. - --
<br /> � � l�ROPERTYDAAIAQE INSURANCE. Tlw lollowlnq proNSlarn nlalinp to Inaurinq the Prop�rty ue�p�rt ol thls DNd of Trusl.
<br /> MMnNn�na of InwrMlc�. Trusla sh�N procun�nd malnt�in pol�les of fire Insuranca with sl�nWrd extendsd covwaye endors�rrNnls on�
<br /> r�plalart�ent baslt(or IMI lull IneurabfY vdue Covsrinq�II Improvsments on the Red Property In en amount sulHClent to e•:old�pplbaHon ol�ny
<br /> cdnsulnp cl�us�,�nd wilh�stand�rd morlyapes cl�us�In favw of Lender. Trustw shall plso procuro and maintaln comprehanslw p�nsn�
<br /> ' IRbllitylnaur�nC�in such coverape nmounls es Lender may request with trustee and Lender bN�p named as Ydditlanal Insurads In tuCh 14ibllity
<br /> �ruuruq� poNciN. Additlonally,Trustor�haM malnt�ln�uch olh�r Inauranc�, Includlnp but nd NmH�d fo hwud, bwln�sr InMrtupMon,�nd
<br />�� bdl�r In�unne�,�s Und�r may re�son�by rpuk�. PoNcl�s shaN bs writlen in lam,�mounts,cownpes and Wtb n�sorrb�Y�ooMMbN�o
<br /> Londar�c�d h„sued by n compnny a comp�nlas rwsonably�ccsptabls to L�nder. Trustor, upon rsqu�st of Und�r,vvNl d�lfwr to L�nd�r kom
<br /> ' tlrtw lo tlrtw iha pd�N�s or certiNcales of Insur�nca in form satishctory to Lender,Includlnp sflpulutlons that covx�p�s wfll nd be c�nCakd or
<br /> Wm�nbhed wrihout�t I�st fen(10)days'pria written not�e to lendsr. Each inswana pd{cy�ko shall Inciud�an andorssrrwnl provldin,�tlxt
<br /> � cowrp� In favor o1 LYndsr will not be Imp�lred In�ny w�y by any act,omission or dehult dT►uslor or�ny olher p�rson. Should IM R�al
<br /> Prop�ly al�ny tlrtw bscome Iceated In an erea deslyn�ted by the Director of lh�Foder4l Emerpency Manapoment Apsncy�s a ap�ckl flood _
<br />- � hazrrd�ra,Truslor�ynss fo obtaln and malntaln F�dKal Flood Insunnce for tM full unpald pdnclpal balana al lhs lan,up to th�m�ximum
<br /> ' pdicyimila iet under the National Flood Insunnc�Propr�m,or as othsrwise requkad by Lender,a�d to main4ln such insuranc�fa th�t�rm of
<br /> ,,." ttN lan.
<br /> Appikltlon of ProcNds. Trusta shall pramptly notity Lander oi�ny loss a dam�pa to tl►� PropKty. Lender rruiy mak�prool ol losi II Trusta
<br /> � y � hlls lodo eo wlthin 1fflMn(16)days of tM casualty. Whsthar or not Lenders seeurity is Im��lred,L�nder may,at Its elseHon,roCMw�nd rofaln
<br />� ths praceeds of�ny Insuranca ond apply ihe prxeeds to tM reduction of lhe Indebtedness,p�yment of eny Ilen�HecNnq the Prop�rty,a ltN
<br />±. ratonNon�nd repalr of the Prope�ty. If Lender elects to�ppty the proceeds b restoratlon and repair, Trustor s1uiA repak or npka ths
<br /> : � ' rel ��se Trus orfrhom ihe proCesds tor the reaso bp cos�ftropair or restonon If Trusta k�ol�ntd�e af Wt under th�s eD�sd ol Tnut Any
<br /> ___—._ _ procwAs which have not besn disbursed wHhin 180 deys afler thelr recsipt and wh�h Lender has not commNted to lM rsp�k or nstornHon ol
<br /> ilw PropertY ahatl be used flrst to pay any amouni owirp io i.enwr undur ii�iy Du:u Lf Tt��i,t���!�p�y n�;.sd!^!°•'=`-t,nn�!the!�����:��
<br /> ' �ny,�tr11 be�ppM�d to the principal ba4ncs of the Indebtadn�ss. II Lendar hdds any prxeedf aMer paYr*►ent In full of 1M Indsbfsdr�,such
<br />. procMds shaN be pald to Trusta as Trustor's Intxests rtuiy epprwr•
<br /> �"� � ' Unexpirsd Inaur�nC�N SM�. Any unexpired InsuranCe shall inur�to the benefil of,�nd pas9lo,th�purch�sar of the Prop�rly covK�d by Ihls
<br />�� °� • , Deadol Trust at any trustee's sale o�other sale held under the provislons ol lhis Deed ol7rusf,or at any foreclosure u�e of such Prop�ly.
<br /> �r:�t.�,�=.:'.:.,.
<br /> Tru�la's Repofl an Inwrar�ce. Upon request of lsnder,however not more than once�yeer,Trusla shall lurnish to Lsndcr a rsporl on�ach
<br />_u: „ existinp pd�y ol Insurance showinp: (a)the nama of the insurer; (b)the risks insursd; (c)ihe amount of IM pdby; (d)ths proQKty Insured,
<br /> w,.`,-:•; tlw tMn curcent replacement value o(such property,ond the menner of detwmininq thwt vUue;nnd (e)ihe explration dab o}ih�pdicy,
<br /> ���" Trusta sheA,upon request of Lender, have an independent eppraiser sat(sfactory to Lender determine the Cesh velus replaCYmsnt cost ol tM
<br />=,^'.,�.•.� '
<br />_ Proprly_
<br /> • w�p�l�d D��IEIy a}IsctEand�r's Interests Inafhe Property,Lendsr onrTr stor'sf behaH may,but shal not be�rstquk�d to,�tak�i a y�cHOn tRFw�t Lan'dar
<br />=��v"... ��'� dMms appropde�e. Any amount that Lender expends In so ddnp will bear Interest et Ihe r�ts provld�d fa In ths Not�hom trN dal�Incurt�d a pud
<br />_R��`�P��"i7�i� by L�nderlo the dab of repaymant by Trustor. lul such expens�s,at Lsnder's optlon,wlll (�)be pqabN on dsmtnd, (b)4��dd�d to tM bnl�na
<br /> —°•�� ol th�NoN�nd be epportloned�mony and be pay�bM with any Installmsnt paymenls to bacortw dw duriny Mlher (p tM brm o}arty appNCabN
<br />-� "�:%��►*- Insur�ne�policy or (iq tF►s r�rtwirdny term o1lFw Note,or (c)ba trwt�d as a balloonpaymenl whkh will be due ind p�y�bN d lhs Not�'s rtudurity.
<br /> `�''�'`"'�"'�"--- TMS Dsedof Trusf olso will s�cure paymenl of lheso amounts. The riqhts provided fa in this perayr1ph shall be In addlNOn to�ny other rfphb or�ny
<br />-u•�==:-'A9'
<br />�;�-+••.;•s;,,�; remadl�s bwl�ich Lander may he entitled on eccount of ths dsf�uH. Any such ection by Under s1uN not be eonslruad as curinp th�dNault so�s o
<br />__.�,.�•-,. b�r LondKkom�ny remedy lhat It otherwise would heve had.
<br />� �� ' WARRAMTM; DEFEPISE OF T�7LE. Tha followinq provisions rel�tiny to ownarshlp ol lhe Proparty ue a put of thls Dwd of Trust,
<br /> Tltte.Trustor warrants that: (e)Trustor holds pood and marlcafnbk tlHe of recad to Ihe Property In fee�imple,kw and clwr of an N�ns and
<br /> --�', � encumbrancas o1hK than fhose set forth In the Real Prope�iy descripHon or In any title Insurance polcy,tille report,or finsl Htl�opinlon hsusd In
<br />--±•'� ' �'�j � (evorof. and accepted by,Lender In connectlon with thls Deed o}Trust,snd (b)Trustor has the tull riyht,powsr,and wthaHy to�x�cu1�and
<br /> j=_ ° .y;� dellwrlhis Desd of Trust to Lender.
<br />—K:t:�jr,•, p��01 Tltls. SubJect to the exception In the panpreph a�ow,Trustor wernnts and will laever defend lhe titb to th�Prop�rty�p�lnst tM
<br />_ '.,,,,. , lawlulctolms ol all persons. In ths event�ny actlon or prooNdinp Is comrrNncod thal qwslions TrustorY titM a tM Int�ra!o}TrutiM or
<br /> •- .� ;� - � • L�ndr undsr thb Desd oi Trust,Trustor shall defend ths acdon at Trustor's exp�nse. Trustor m�y be thr nominal party In such procs�dirp,but
<br />�?:.a �' L��dr sh�M be entitled to part�lpate In the Qrocsedinp end 1�be reprssenled In the proceedinp by counssl of Londar's own chok�,�nd
<br /> Trusbr ww deliver,or cause to be deli�ered,to Lender suCh Instruments as Lender may request Mom time ta Ilme to permlt xuch parUdpatlon.
<br /> Comqlance Wlth L�ws. Trustor warrants that the Property end Trustor's use o(Ihe Prope�ty cOmplie�wlth all �x1511np aApl�cabNi ku's�
<br /> ordiMnces,and requlatians of governmenfal authorNles.
<br /> � CONDEMNATION. The(ollowing provislons relatinp to condemnnlion proceedings ere a parf of this Oeed of Trust.
<br /> � • Ap{Nkstlon of Net Proceeds. If ell or eny parl of the Proporty Is condemnedybp�on ol'Ihe�et'proceedsdofghe eward be er�IWd�tol e -
<br /> + purch�se in lieu of condemnallon,Lender may at Its election require Ihat ell or en PP
<br /> Indebtedness or the repafr or restoratlon ol the Property. The net procecids of Ihe award shel meen the awuU atter payment of�11 r�sonabb
<br /> � cosb,�xpenses,end altorneys'fees Incurrdd by Trustee or Lender In connectlon with the condamnelion,
<br /> Prae�dlny�. II any prxeediny in condemnation fs fibd,Trustor shell promplry notiry Lender In wriiinp,�nd Trustor shall promptly tak�wch
<br /> • i slep��s mey be necessary to detend the aclion end abtaln the�wnrd. Trusta may be the nominU perty In such proce�dlrp,but L�nd�r ah�N
<br /> - ± be e�Mtled to perl�IpYte In the proCeedinp and to be represented In ihe proceediny by counsel ot Its own chdCe,�nd Trustor wW dsBver or
<br /> ` cauSe to be de9vered 10 Lender such Instrumenis as mgy be requested by It Nom time lo llme lo pe�mit such particlpatlon.
<br /> = `-_ _. . __ ___.__ ,._ ..............�.,....�.�.���o.,ueuru ���T4IAAITIFS. Tha }dnw1�10 DroVi510115 fBIa11fW t0 QOVlf0�1i0�1�N(93,
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<br /> IMPOSITI{7N(X IJUCCA�1'tW nnv�.nnn�a�.�.+. .....�.......—�^--^_..__.....__. _ _.
<br /> _ fee3 end charqes are a pa�t ot this Deed of Trust:
<br /> Gurrmt T�z�s,Fees and Cha►pe�. Upon requesl by Lender,Trustor shall execute such dceuments In additlon to Ihls De�d ol Trust�nd take
<br /> - wtuMver olher acllon is requested by Lender to perteCt and conlinue Lender's Yen on the R&11 Property. TrustOr shall roimbursa Lend�r for aN
<br /> � i taxos,as described below, together with a�l expenses incurred In recordinq,perfectinq or conlinulrp tNs De�ld of 7rust, Includlnp without
<br /> Iimiution all Inxes,foes,documentery stamps,and other chargos for recordin{�a reaistering INS Deed of Trust.
<br /> I Taxei. The tollowing shall constituie taxes to which Ihis section applies: (a)e specltic►ax upon this type ot Deed ol 7rust or upon�II or eny
<br /> parlat the Indehtedness seCUred by thfs Deed of 7rust; (b)a specfilc tex onTrustor whlchT�ustor Is aulhorized or requlred to deduCi hom �
<br /> payme�its on the Indebtedness secured by Ihis type of Deod ol Trust; (c)a lex on Ihis type ol Deed ol Trust chargeabie agalnst the Lender a
<br /> lhe holddr of the Note;ond (d)a specific tux on ail or any pallan of Ihe Indebledness a on paymenls of princlpal end interesi made by ,
<br /> Truslor_ I
<br /> SubtequeM TNCe3. If eny tex lo which this secllon epplies fs enacted subsuquent to the dele of Ihls Deed of Trust,thls event shall have the
<br /> pro ed be ow unless Trus oealthera(a)peys Iheelex before itbecomes delmquent or�(b)IcOntosls Ihe tax s providedrabo evin the T�exes�end
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