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201501573
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Last modified
7/21/2017 1:33:31 AM
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3/17/2015 9:30:28 AM
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DEEDS
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201501573
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��15�1573 <br /> $. JD��'�A►.��'T. Trustor wz��b�zn default�f any of the ffll�a�vvzng occur: <br /> �ra�ud. An� �onsumer Borrower enga�es �n fraud or ma�Eria� rnxsrepresentation �n c�nnec�ion with the <br /> �ecured D��t that is an apen end hon�e equity plan. <br /> �°ay�er�ts. Any �onsum�r Barrovver on any Secured D�bt t�za� is an�pen�nd hame equit�r��an �a��s to m;ake <br /> a payment when due. <br /> P�-�p�zty. ,�n� actxfln or inac�ion by the Borravver or Tru�tor occurs that ad�rers��y affects t��.e P.rop�rt� oA <br /> �3�n�fie�ary's ri�h�s z�. t�i� Property. This xr�c�udesg but x� nat Iimi��d �a, th� ffl1lo����g: (a} Tz-us�ar f�x�s �o <br /> nl�inta�n r��u�re�t i�.s�ra�xcE �n th� �rd��rt�; �b� Trust���r�sfers th� �'r���r�y; ��} Tr�ustvr camrr.�i�� v�r�.s�e or <br /> ot�.�r�vis�dest�ructive��uses or fa�i��� mazn�a�n t�ie Prap�z�_y sucr���at�i� acti�n or�n�ct��n a�i�r�x��e�y ��fec�s <br /> �enef�czary's s�cur���; �d} Trust�r fails to pa�� tax�s on th.e Prop�rt v or otherw�se fax�s t� aL� and �her��y <br /> causes a �z�n �o b� fii�d a�a�nst ��ze Fropertyr tha� is s�nior �n �he Iien of th�s ���uri�y ��xstrur.�.e�.t; �e� � so�e <br /> ���tor d�esy �f} if rn�r� �.a�n on� Tru�tar, �ny Trustor d��s �n.d �en�fic�ar�'s seca�r�ty �s ��verseZyr �ffect�c�; <br /> C�� th� Prap�r�y is ta�en�hroug�i�m�nent dazr�a�n; �h,l �judgnr��nt i� filed�.�axnst "�rustor an� �ubje��s Tr�st�r <br /> �.nd �.e P`r�p�rty �o �c�zon that ad�r�rse�� af���ts �ene�ic�ary'� r���res�; ar ��} �pr�ar �ienh��dez ��r��l�s�� an <br /> the Pro�ez�y and as a resu�t, �eneficiary's inter�s�is ad�ers�ly�ffec�ed. � <br /> �E�recue��v� C��'���rs. �ny Barro�ver is an ex�cutzve �ffx��r of Ben�fxc�ar� v� an aff��iate and s��h �orrov���r <br /> b�comes zndeb�ed to Benefic�ary ar another X�nder �n�n aggreg��� amaun� greater than the amaunt p�rmztted <br /> under federal Iaws and regula�ions. <br /> 9. �EI'���]E� �� �����J�'�. �n ad���ion to an� �ther r�m�d� a�a��ab�� un��r �a.e terms �� this Sec��it�r <br /> �ns�rum�nt, Benef�c�ary may accelerate t�i� �ecured Deb� and forec�as� �hxs Security �nstrument in a z�azan�� <br /> pr��ided b� Ia� �f Tr�s��r is xn defau�t. In so�n� �nstances, federa�. ax�.d s�ate law vvz1l requxre �enef�ciary to <br /> pro�rid� T�sta� v�fxth �.oti�e of the rx��x� �o �ure, or a�her notic�s ax�d �nay es�ab�ish t�zz�e s�hedul�s fa� <br /> f�recl��ure act�ons. E��h Tru�tor�re�uest� a cop�of any n.��ice of defa�x���nd an�r na��ce�f sai��h.�reu�ader b� <br /> ma�Ied ta each Tr�stor a�the addr�ss pro°v�ded in Sect�an � abotire. <br /> �t �h� o��z�n nf Bene�xciary, all or �ny part �f�he agreed f��� and �I�a�g�s, acE�ued �nt�rest and prxncxpal <br /> sha�� become znlmed�atel}� due and pa�rab�e, a�er �zvxzxg nat�ce xf requ�red by Iaw, upan the occuzrence af a <br /> default or anytime thereafter. <br /> ��t��r� i� a d�fau�t, Tr�ste� �h���l, at t�e req�est of�3�n�fxc;ar�r, aci��r�rs� �.n.d ���1 th� Proper�y as a�v�ale or <br /> �n s�p�r��� p�r���� at p�t�l�� zu�ctiv� �o th� hi���st b��der for c�.s� �nd ���v�y �b�ol�te �ztle fr�e �d cl�'a� �f <br /> �l r���t, ��t�� �rt��.nt�r��t �f'Trt��tar �t su.��.time and.�1ac� as Tr����€e c������at�s. i ruste�sha�X �iv�n���c�of <br /> ��Z� �nc�u�i�� t�i��zm�, terzxas ��p�ac� of sa.�e �a.c� �des�r�pt��n of���.e prop�r�� �o�� soYd as �����r�d by th� <br /> applica'vIe 1aw zn ef��c�at th��zr�e�f�he pr�posed sa�e. <br /> Upon sale �f�he �ropert� and�o th� exten�x�ot prahibi��d by la�r, Trustee shalX make and deli�e� a d�e�. to <br /> the Pra�er�y s��d w��ch con��ys absa�ut� �xtle �t� �h� pur�has�r, and a�t�r f�rs� payzng �].I fe�s, c�ar�es ax�d <br /> c�sts, �ha�� pa� �o Ben�f�ciary all znane�s advan�ed far repairs, �a�.�s, z�s�ran�e, �z�ns, �sses�ments ax�d pri�r <br /> en��smbrances and �nterest t��r�on., a�nd the pr�ncipa.�. ax�.d xrit�rest an th� Secured D�bt, pa��n� t�a� surpius, �f <br /> any, to Trustar. �B�nefz�iary xn.ay purchas� �he Proper�y, The rec�tals in any deed �f canveyance �hall b� <br /> prixna fa�ie��rid�x�ce�f the fa�ts s�t fort��hexexn. <br /> Th� ac�eptanc� �y Benef�czary� ❑f any sum fn payzxzen� ar partral payment on �hxe Secured ��bt after �he <br /> balarzce �s due ar is acc�l�zated or a�t�r �'�r�clas�re pracEedings ar� �z�ed sha�I nnt cons�it�te a w�v�r �f <br /> �ene��cxar�'s rig�it ta req�ire �ox�ap��t� cure of an.y �xistirng def�.ult. B� no� ���rcisir�g �n� rem�dyf �n <br /> Trustor's de�au��, �enefi�iary does nQt wax�e �3en��'�ciar�'s r�ght �o �ater cansider ��Z� ��en� a c��fau�t if �� <br /> happens agazn. <br /> lU. �E����TSES; �.]�VAN�ES �� �:��E�.���; A��`�RN�YS' ��ES; ��L�L��'�'��N ��S'�'S. �f <br /> Trustoz brea�hes any cav�nant �n �his Se�u.rity �nstrurr��n�, Trustor agr�es to pay a1� ��.pens�� Benefxciary <br /> ir��urs zn�erf�rming su�h Cavenant�ar prote��ing �t� s�cur��y interes��n th� Property. Suc�expens�s inc�ude7 <br /> but ar� nat ��mxted to, fees zncurred fflr znsp�ctin�, pr�ser�r�ng, or at�ierwis� prflt�ctzng the ProperCy an� <br /> B�nef�czary's sec�arity �ra��r�st. These expenses �re payab�e on demand and wii� b�ar xnterest fram the date of <br /> p ayzx�.ent un�il p axd xn fu1X at the hxg�.est ra�e o f X�nter�st in effect as pravided xn t�e terms of t]h� S�cur�d D ebt. <br /> Tnas�or a�ree� �o pay a�� ���ts and expenses in�urr�� b� �enef�cia� in c��x�ct�ng, �nforc�n� �r pra��ctxng <br /> Benefzc�ary's ri�h�s and rezxa�di�s und�r�h�s Se�uri�y �n.strL.�ment. This an�ount may rxzclud�, bu� is n�� ��m���d <br /> t�, Truste�'s fees, ►.�ur� c�sts, ax�d othe� 1egal ��penses. To t�e �xtez�t pe�-mr��ed by the United S�a.�es <br /> �3an'�rup��y �nd�, Trus�ar a�r�e� to pay the reasanable �ttarne�rs' �e�s �3ex�eficiar� z�curs t� co���ct the <br /> Sec�.r�d D�bt �.s av��-ded b� an� cau�t ��erci�in� jurisd�ct��n u�.c��r the Ban�u���y Cod�. Thz� �e�uzx�v <br /> xns�r�.m�n� s�ax� remain ��. eff�c� untz� r�I�ased. �'rustQr agrees to pay for an� r�card��ion c�s�s �f such <br /> release. <br /> Security lnstrument-�per�-�nd-Cansumer-N� ❑GP-REDT-N� 7J�l2ti 1 Z <br /> VMPn Bank�rs Systems'�' VMP-C�65tN�� ('f 1 Q7].�D <br /> Waft�rs fCf�awer�ir�ancia[�er�i�es C��99�,2�1� Page�afi 6 <br />
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