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201603659
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Last modified
7/24/2017 2:10:26 PM
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6/14/2016 8:36:41 AM
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201603659
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m <br /> 2� 1 ��3�59 �: <br /> ; <br />� a � <br />� <br /> 3 In the��en�that�en�fi�iar f�ils t�pr��id�a�ny r�qu�red r��ti�e�f th�right�f resciss��r�,��r��fi�iary�aie�es ; <br /> � � <br />� ar�y�u���qu�nt 5��urity ir�$er��t in the T�us�or°s p��n�ipal d�vel�ing tha�is�re�ted b�thes 5�cur�ty � <br />:; <br /> � <br />:' i n�trur��nt. <br />:; 5n PAY�IAElVT'SeTrus��ra re�s th��a!9 payments u�d�rth�S�cu�ed�e�tr�vsll be paid vvh�r�du�and in <br />:, 9 <br />� aecordanc�vvith th�t�rms�f the 5��ured���t ar�d thls Se�urit� : <br />:� � <br />:� <br />� Irrstrur��r��. <br />:; '�ARRANTY�F TI`TLEo Tr�st�r vvarrar�ts that Trust�r�s�r w�ll b�lavvfu�ly sei�ed o�the�st�t�c�n�eyed <br /> 5a <br /> by�hi5 S�Cu�ity In�trurr��r��and has�h�rightt�irr����ably gr�r�t,c�r���y,and 5�1��h�P�ap�rtyt�Trus��e,ir� <br /> tru��,vvith p�vv�r�f�a1�.TruSt�r als€�vvarrant�that the P�ap��ty i5 ur��n�urnber�d,exc�pt for�r�curr�br�r�ce� <br />:�3 <br /> �f rec�rda <br />::� <br />��' 7a PRt�R SE�UR�TY lNTERES`TSo�1'�th r�gard t��r�y��her rnor�gag�,d��d�f trust,���urity agreer�e�t�r <br />�:, <br />��' ath�r fi�n d��ur�er�t that�r�at�d a pr�a�s�curi�y�snt�r�5��r�r��urnbran�����h�Pr�per�y,Tr�s��r�gre�so <br />��; A. T�rr�ake a�l pa�m�r�ts vvh�r�du�ar�d t�perf�rm�r��r�npiy�rui�h a!I����nants. <br />��' Be T�pr�rr�pt�y d�liver t���nefi�iar�any n�taC�S that TruSt�r r��e�v�s fr�m th�h�lde�. <br />���� C. iVat to a�l�w ar�y madifi�at��n or ext�n5i�n�f,r�or��requ�s$any futur�ad�anc�5 u�d�r ar�y r���e or <br />:::; <br /> agre�r�en�s��ured bythe�i�n d�curr►��t with�u��enefi�iary's pri�rvvritten��nsento <br /> �o �LI�i�VlS AC�AlIV51'TITLE.Trust�r�rvill pay al�ta��s,�55�551'7l��1t5�l�ens,enc�r�bra����,I�as�pay�en$s, <br />:::i <br /> gr�ur�d rer�ts,L�t1)1�1�5o arrd�th�r�harg�s r�l�ting��th�Pr�perty vvhe�du�.6er��ficiary rr��y require T�u�t�r <br /> t�p����d�to B�n��a�i�ry c�pie��f�1�r�otic�s tha�such amount�a��du�ar�d the r�c��pt�e�ad���ing TruSt�r°s <br />:�:� a rr��nto Trust�r vv�E1 d�fer�d ti�le��th�Pr�per��against ar�y�I�ams tha�vv�uld impair�he�i�r��f this <br /> pY <br /> . 5e�uri$y Ir�s�rum�nta Trus�ar agr�e5��ass�gr���E�n��i�iary,as r�qu�5t�d by�e�r�fiC�a�y,any righ�s,c�air�� <br />:::� ��d�f�ns�s Trust�r rr�ay ha��ag��r�st parti�s who supply�abor�r r�at�ri�ls t�rr�a�nt��r��r irnpr��re the <br /> Pr�p�rty. <br />���' �o �UE�N S�ILE�]R EIV�U�A�RAN�Ep E�n�fi�iary m�y,at�ts�pti��,deClar�the entire�al�nc��f�he <br />:::a <br />..., <br />���i 5��ure���bt$�b��mr�ediately due and payabi�up�r�the cr��ti�n�f,�r�or�tra�t f�r the�reat��n o,any <br />:�:�� li�n,er��urr���an��,�rar�sf�r�r sale�f al1�r any part�f t�e Pr�p�rty.Thas right is subj��t t�th�restricti�n� <br />:=::� <br />===�i irnp�s�d by fed�ra��avv����.F.R.591�tl as applicab��.T'his���enar�t sha�f run v�ith th�Pr�pe�ty ar�d sha <br />-���, <br /> �emain in eff�ct u�t�l th�5��ur�d Debt is paid in full and�h�s 5ecuri�y lns�rur��n�is r�t��s�d. <br /> 1�e PR�PER'f'Y��NI�ITI�N,ALT'ERAT�C]lV5 AND 1N5PE�°fl�tV.Trus��rvv�9�k��p�h�Prop�rty�r�g��d <br />=����' ��ndi�i�n ar�d mak�al1 rep�i�s�hat are reas�nably n���ss�ry.Trust�r sha�l n�t evrr�rr�it�r allav�r a�y�ast�, <br /> irripairm�r�t,�rdet�ri�ra�i�r��f th�Proper�y.Trust�r u�ill ke�pth�Propertyfr���f r���ci������ds ar�d <br />::::; r�ss�saTrust�r�gre�s th�t�h�r�ature�f the�ccupar��y ar�d u5�ws�!r����u��tant�ally�hange withou� <br />:_::� g � r v�il[n�t ��rr��t an �han ���an li��ns�,restr���a��'�o�en�r���r <br /> ���a��o�iary s p�eor wr����n��r�s�nt.Trust� P Y � Y <br /> �a�err��nt rovi�h�u���n�ficiary's pri�r vvrit��n c�ns�rat.Trust���vili r��tify E�n�fi�iary�f all der�ands, <br /> pro��edings,claim5,and a�ti�ns agair�st Trust�r,ar�d�f��y I�gs vr dar�ag�to the Pr�pertye <br />:::::; <br /> B�n��ciary�r�en�fi�iary°s�g�r�t5 rriay,a���r��ficiary's opti�r�,�n��r�h�Property at ar�y r�a���ab��time f�r <br /> �h��aurpas�of is�sp�cti�g�he Prop�rtya���eficia��5h��!g���Trus�ar nvtice at�h�$ime�f�r b�f�r��r� <br />--::' insp�cti�n sp�cify��g a r�a�c�r��ble purp��e f�ar th�inspe�tiar�.Any inspe�ti�n�f the P��p�rty shall b�e�tsre�y <br /> f�r Een�fi�iary's h�n�fit and Trust�r will in r�o enray re�y�n��r��fi�iary's ir�sp���i�n. <br /> '��o AUTH�RfT'Y T�PERF�Ri�a If Trust��fai�s t�p�rf�rm ar��duty�r a�y�f�he��r�en�nt�cvn��in�d�r� <br /> thi�5�curity�r�st�ur��r�t,��r��ficiary n-r�y,on�ith�ut ne�tic�,p�rf�rm�r e�use�hem�v b�p�rf�rr�ed.`frus��r <br /> appoints��r��ficiaryas at��rr��y in fa��to signTrus��r°�nam���p�yar�yarr��ur�t r��c�ssaryf�r p�rf�rmar���. <br />::::::; �e��fi�iary'�r�ght t�perf�rrr�ft�r Trus��r�hafl r��t�r�a��ar��bliga�i�n t�p�rf��m,and��n�f��iar�'S fai�ur� <br /> t�pe�f��rr�wiil r��t pr�clude Ben�f��ia�y frorr���c�rCiS�r�g ar�y�f��r��f�c�ary's�th�r rights under th�lao�v�r <br />=��`� thi�S�curity instrurn�r��.If ar�y��r�stru�ti�n�n th�Pr�per�y is dEsc�r��inu�d�r n�t�ar�i�d�r��n a r�as�na�le <br />``��' � t��nn��,Ber��fi��ary rr�ay tak�ail steps����ssary�o pr��ect E�nefici��y's�e�urity inter�s�ir�th�Pr�perty, <br />��==��; �n�iuding completi�n�f the <br />---�•�� �Ld�JLi���I��a <br />-:•:I <br />:_:::I <br /> �p�'9� J <br /> ��94 V1laEters ltiuw►er Finar�ci�l S�re►ices-Bankers 5ystems �` Fnrm lJSE3-RE�T-iV�11!1�12�12 <br />:::::i <br />:=:�:i <br /> .:.; <br />::•:i <br />:•:•i <br />:�:�:; ' <br />:�:�:; <br />-:�:�:i <br />
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