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201507944
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Last modified
7/21/2017 1:54:48 PM
Creation date
11/18/2015 12:42:21 PM
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DEEDS
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201507944
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. <br />:�i <br />�:� <br />��� 2� 1 5�7944 <br />.:, � <br />:.� <br />::� <br />:� <br />::� <br />::� � <br />::� <br />::� <br />::� <br />..� <br />::{ �er�eficiar� r�quires pus��uar�t to th� pr�c�dir�g Tru�tos�f�ils to mair�tai� the c��erage des�rib�d <br />��' at�or��, ����fi�iary rnay, at E�r�efi�ia�y's �ptiv�t, ❑btair� �hall b� cho��r� b�Trta�t�ar�u�j�ct t� <br />::; �er��fi��ary'� appr�e�al, which �hall r�vt b� ur�reasar�ably�vithheid. If�a���ag�t� pr�t�ct �e�efi��ar�'� <br />::� <br />::� rights in th� Pr�perty����rdir�g tv�h�te�rr�� �f this 5e�urity Ir��trumer��o twv �er�t�r�ces �ar� char�ge <br />::� durir�� th�term of the S��ured l��ht. Th� ir��urar��e �arri�r prvo�idss�g th� ir�surar�c� <br />��� P�,�� ir��ura�ce �iici�� ar�d rer�ewa�� �hal� b� acc�ptabl�t� ����ficiary ar�d sha�l ir�clud�a star�riard <br /> P <br />::; "rr�ortgag��lau��" and, vvh�r� app�i�at�l�, "I��s pay�� �lau�e." `Trustor�ha�� irnr�ediately not�fy <br />�:{ ��r��fi�iary�f�a��ellati�r� �r t�rrr�ir�at�ar� �f th� ir�sura��e. E��neficiary shall ha���h�right�o hvld the <br />�' palic��� ar��I rer°»wal�e If�en�fi�iar�requir�s, Tru�t�r shall �r�r�eciiat���give to ��r�efi��ary a[I <br /> ���eipts �f paid pr�rniums ar�d rer�evv�l rtoti�e�, L�p�r� Ioss, Tru�t�r shall g��re irr�rn��liate r�otic�to th� <br />::; �r�surar�ce c�rrier ar�d ��r�efi�iary. ��r�efi�iary rr�ay r�a�Ce proof�f I�s� if�at rnad� ir�rr�ediat�ly by <br />.�� <br /> Tru�tvr o <br /> Ur�le�s�th�rwise agr�eci ir� writir�g, a�l irr�ura�ce pr����ds �hall �e �ppli��!tt�the r�storatior� ar <br /> r�pai�vf�h� Pr�ap�rt��r t��he S��ur�d �e�t, wheth�r�r not ther� due, at E�r��ficiary"� �ptivr�. Ar�� <br /> appiicati�r� �f pro���ds t� prir��ipal �ha�� r�ot�xter�d �r po�tp�r�e th� du� dat� of�he ��h�dul�d <br />:::, p�yr��r�t r�or�h�r���th� arr��ur�t�f�n�+ payr���t. �er�y ex��s�►r���l �e paid��th�l'ru�t�r. �f�h� <br />:::i Prvp�r�y i� ��quired �y �3er��f�ciary, Trustvr°s �ight ta ar�y ir�sura��� poii�ies ar�d pr��e�d� r�su�tir�g <br />:.:� <br /> fr�m damag�to th� Pr�p�rty k��f�re the a�quisiti�n sha�l pas�to �er��fi�iary t�the e�t��t af th� <br />���� ���ur�� D�bt imr�ediat��y b�f�r�the acqui�itior�o <br />..., <br />:::; F�nar�ci��R�p�r��and Add��ona1 D�ct�m�r�t�. T�-us$�r vvil! provid�t� ��r��ficiary upar� request, �r�y <br />:::, <br /> fir�an��ai stat�e-���t�r i�form�tior� �3�r��ficeary rr�ay de�rr� re�s�nabl� n�cess�ryo Tru�tor�gree�to <br />���� sigra, d�li�er, ar�d file �r�y ac9c�iti9r�al dvcus�e�$� �r�ertif6cati��s th�t �e�efici�r�y rr�ay�or��id�r <br /> r��ces�ar�t� p�rf��t, cor�tinue, and p����r��Trustar's �blig��i��a� u��fer this S��urity Ir�strum�r�t <br />���� an� �er��ficiary's I ier� statu� or� th� Praperty. <br />.:., <br />:.:� <br />:::; 6. �AR�I�IT'Y[�F'TI'I�LE. Trust��virarrar�t�that Tru�t�r is vr e►vill b� lav�fully ��i��d �f the est�t� <br />���' c�r���y�d �y this �e�ur�ty Ir�strurr��r�t and ha�th�r�ght to irre�����ly grar�t� conr��y, a�r�d se�l th� <br />���� Pr�pe�ty tv'T"ruste�, in trust, �ith p�vver of sal�. Trustor al���arrar�ts that the Prop�r�y is <br /> ur�er��us�ber�ci, exc�pt f�r e��urr��rar���s of'r��ord. <br /> 7. DUE�1V SAL.E. �er��fic�ary may, at �t� opti��, de�l�r�th��ntire �alar�c� �f th� ��cur�d Debt to <br />::::; be irr�rn�diat�ly du� ar�d paya�ie upor� th� �r�ati�r� of, �r cor�tra�t far th� cr�at��� �f, a trar�sfer or <br />����� s�i� of all �r ar�� par�vf the Pr�perty. Thi� right i� su�j��t t�th� restrict�or�s irrrp��ed by f�d�ral <br />::::� <br />::::I la� ��� �.Fa R. 5J1�, as applE�a�ie. <br />::::; �. I]EF'A�L'T. Tr��tor�vill b� ir� default if any of the followir�g �ccur: <br />����� Fraud. O�r�� �o��urr��r ��rr�wer er�gages in fraud or rr�at�rial misrepres�r�tati�r� irr ��nra��$�or� �rith <br />:.:.� <br />:.::I th� ��c�red I�e�t that �s �r� �p�r� �r�d h�rr�� equity pla�. <br />����� P�ymer��s� ►4r�y �vr��um�r E�orr�w�r or� ar�� Secured Debt that is ar� oper� er�d hor�� equity plar� fa��� <br />:�� <br />::::; t� m�k� a payrr��r�t�►vher� du�. <br />�:::� <br />�:�:� Property. �Ir�y a�ti�� �r ir�ac$io� by�h� �orrvvver or Trustor o�cu��that adr��rse6y aff��t�th� Prop�rty <br /> �� ��r�efsc��r�°� r'sght� i� �he P��p�rty. Thi� ir��lud��, hut �s r��t I�rnited t�, the f��9��ing: ��} Trustor <br />::::i fail�to mair�ta�r� r�qu��e� ir��urar�c� �n the Pr�per�y; (�� Tru�tvr tran�fers the Prop�rt�1; �c) Trust�r <br />����i �ornr�its wa��� �r otherv�i�e de�tru�ti�ely us��or fail�tv rr�air�tair� th� Prvp�r�ty such th�t the <br />:�:�� <br />����� <br />::::� a�ti�n �r i�ac$i�r� ado��rs�ly aff��ts ���efi�iary'� s�curi�y+; �d} Trustvr fail�t� pa�taxe� �� th� <br />����� Pr�perty or�therr�vi�e fails t� a�t ar�d ther�by cau��s a li�r� tv �� f�le� a�a�nst the Pr�pert��ha�i� <br />:::� <br />::::; <br /> ��r�ior tv th� lie� of this �ecurity i�strume�t; ��} a sol�Trustvr di�s; �f) �f rr�ore tha� vr�� T�-�stor, <br /> ar��Trust�r��e� and �er��ficiary'� ���urit� is adr�erse�y�aff��ted� 49} the Prtaperty ��tak�r� thr�ugh <br /> errair��r�t dornair�; [h} a ju�grr��n� is fiE�� agair�st Trustor ar��l s�hjec$s T'ru�t�r a�d�h� Pr�perty t� <br />::::i a�tivr� that ad�ersel� �ff�ct� �3e�eficiary's �r�tere�t; �r �i} a pri�r lier�hoid�r f�r��l�s�� �r� the <br />::::� Pr�p�rty ar�d a�a r�su��., Ee��ficiary`s ir�t����t i�ad�ers�ly affect�d. <br />����i E���uti�e�ff�c�r§. Ar�y Eorrovv�r is ar� �ace�uti��vfficer�f����f��iary�r ar� affi0ia�t�ar�d �uch <br />::::� <br />::::; Evrrc��rv�r be�orr�e� ir�d��t�� tv Eer��fi�iary�r ar�o�h�r lend�r ir� ar� aggr�gat�ar��ur�t gr�ater tha�r� <br /> th� ar�vunt perrr��tt�d ur�der f�der�l la�� a�d regulatio��e <br />����' REME�]IE5�N]DEFA�3L'T. Ir� addit��r� to ar�y oth�r r�m�dy avai�able u�d�r the terrr�� �f this <br />::s 9e r <br /> S�cur�ty lr�strurr��r��, E�r��fi�iary r�ay ac��0�rat�th� 5�cured ��bt ar�d f�r��l���thi� S�curity <br /> lr��trurr�en� ir� a rr��nr��r <br />..• ��page 4 of 7} <br />-:�:; _�994 Vll�lters Kluwer Financial 5�rvic�s-�ankers 5 stemsk F�rm USBQCP-DT-Pd��'l l'9 6l�i31� � <br /> Y <br />:�:�i <br />'.'.5 <br />'.'.1 <br />.'.'f <br />:�:�3 <br />-•.•� <br />•::� <br />•.•.i <br />-:�:i <br />•:::'s <br />:•:•] <br />=�:•] <br />•.•� <br />
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