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201603659
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Last modified
7/24/2017 2:10:26 PM
Creation date
6/14/2016 8:36:41 AM
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201603659
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............................................................ ................................. . - - -- --- -- -- - - - .. ....... ...... -•- ......... <br /> 2� 1 ��3�59 �: <br /> F <br /> i; <br /> ' �. <br /> 9 <br />� <br /> i All ir�suranC� ��ici�s�nd r�n�wals sha�l b�a���pt��i�t��en�ficiary ar�d�hall in�lude a standard°'nn�r�gage ; <br />� p ; <br /> �laus�°' and, ���re applicab��9 „��ss pay�� �1au��.'° �'rust�r sha11 imrn�diat�ly n�ti���eneficiary of ;: <br />. �ar�c��lati�n�r termir��ti�r�vf th�ir�surar�c�.E�n��i�iary shall ha��th�r�ght to h�1d the p��i����ar�d <br />�� r�ne�v�l5.If�e��ficiary r�quires�Trust�r shall irr�m�dia��ly gi�v�ta��nefi�iary a��re�eipts of paid prerniurn� <br />�� �r�d r�r���val n��g��s.L1p�r�i��s,Trust�r sha�l gie��immed�at����i�e�v th��r�surar�c�car�i�r a�r�d E�nefieiar}r. �: <br />:i B�neficiary rnay rnak�pr��f�f&�ss if��t made�rr�rned�a��ly byTrust��a � <br />::; . <br />::� �Jnl��s�th��r�u�s�agr��d ir��uritir�g,al�insuran��pr���eds shall be app���d�v the r�st�rati�r��r repa�r of th� <br />��� P��pe��y��t��h�5e�ured��bt,�vh�ther�r r��t�h�n du�,a��enefi�ia�'s opti�r�.Any appli�a�i�n�f <br />::� <br /> pr��eeds�❑prir�ci�al sh��l n�fi��t�r�d�r p�stp�ne th�du�date vf�h�sehedul�d pa}�rn�n�nor�hange th� <br /> ar��unt�f��y paym�nt��r�y��cce�s vvilf b�paid to the��ant�r.�f th�Pr�perty is acquir�d by 8��� i�ia�y► <br />= T�ust�r°s right t�a any i�suranc�p�[iC��s ar�d pr���eds r�suiting frarr�darr��g�t�the Pr�pe��y bef�re the <br />::� <br /> a�quisi�i�n shall pass�o��n�fi�iary to th�e�t��t�f the 5��ur�d���t irnrr�ediat���be �re t e . <br /> a�quisit��n. <br /> ��. ESCR�1�F�R`TA]�E5 AIV�INSLJRAh1�E.[�n8�ss��fih�rw�se pra�id�d in a s��arat�agreer��nt,T'�ust�r <br />:::� <br /> �nri�l r���b�r�qui�ed t�pay t�Eeneficiary fund�f�r tax��ar�d insurarr�e in es�rov�. <br /> �'I a Fih1AIV�lAL REP�RTS AN[]A�DITI�NA►L l]��I1�IIENTSd T'rustvr��Il pr�vid�t�Eer��f�i��y up�r� <br />., requ�s��ar�y f�r�ar�cia{5tat�men���infvrr�a�i�n��nef�i�ry rr�ay de�rn r�asonab��ne��ss�ry.Trust�r agr��s�o <br />���: sig�,de�i���,and f�le�ny additi�r�al d�cume�ts�r�er�ifi�ations tha�6enefi�i�ry rna�c�ns�der n�c�ssar��� <br />�:�, p�rfe�,c�r�t�nue,ar�d pr�ser��C��ar�tor's�bligati�ns ur�d�r th�s 5�curity lr�str�amer�t and B�nefi�iary'S li�n <br /> s$��us���n�Pr����ty. <br />:�::� ��. J�1NT'AIV�11VD�11IDUAL L9A��LIT'Y����51�IVERSs SLJ��ESS�RS AIV�I�SSI�NS��LJIV��All <br />`::; dut��s ur�d��this Secur�ty In��rur�n�r��ar�j��nt ar�d ir�dividua�.If Trust�r signs this 5e�urity instrument but <br /> d��s r���s�gn ar�e�ide�c��f d�b�,Trust�r d��s s�on��$�r��rtgag�Trust�r'�in��r��t in the Pr�p�rty�� <br />::::; sec��e payment of th�5�cur�d��bt a�d T�ust�r d��s n�t agr�e��b�p�rsvna�ly�iabl��n the 5�cur�d D�bta If <br /> �hi�5�eurity�r��trurr»nt s��ures a guar�nty betweer���n�f�c�ary and Tru�tor�Trustor agr�es���nraiv�ar�y <br /> rights�ha�may pre�r�nt�en�ficiary fr�rr�bri�gir�g any a�tiv��r clairr�ag�inst Trustvr�r ar�y party�r�d�bt�d <br />����' und�r$h���figat���.Thes�righ��may��c�ude,but ar�r��t��rnit�d t�,ar���nti-d�f�c��ncy�r�ne�-acts�r�Iavvs. <br />::::; Tru�t�r agr�es tha���nefi�iary and��y par$y$�th�s 5e�u��ty Ins�rurr�ent r�nay�x�t�nd,m�dify�r m�ke�ny <br /> ehang�in�h�t�rrris�f this 5ecurity�n�trumer�t�r ar�y�vid�r��e of debtwithc�ut`frus��r9s��ns�nta Su�h� <br />:��::; change vvi��n�t r���ase Trust�r fr�nn th�t�rrr�s�f thi�5ecuri�y�nstrurr�er�te Th�dut��s and ber��fi�s�f this <br />����' ���Llrf�]��1�5t1'L1���8t ShI�I�31�1C���1d����flt�h�SLI���55�r5�nC��556g�15�f�Tf'4a5t�r��1C� <br />:�:�� <br /> ���1�f9�1��. <br /> �3. A�PL��A�LE LAI�;SEIIERA�IL�TY;INTEIRPRETATIt]Nn This Se�urity ir�s�rur��nt is g��err��d by <br />:::::; th�lavvs�f th�jurisdicts�n in�hi�h���efieiar►�is����t�d,ex��pt t��h���t�n��thervuise requ�r�d by�h� <br />:=:::� lavvs�f the jur�5di�tion vvher�the Pr�p���y is��ca�ed.This S�curit�1n�trurn�nt es c�rnpl�t�and fufly <br />:::::; Ent��rat�d.This 5��urity�ns�rur��nt may r�ot b�amended�r rr»dified�y oral�g�e�rnent.Any s��ti�n�n thi� <br /> 5�eurity�nstrurr�en�,atta�hm�n�s,�r any agr��rr�en�r�lat�d t�th�5�cured D�b�that���flic�s vvith appl��abl� � <br /> law vvi�1 n�t���ffecti��,ur�l�s5�hat lavv expre�5ly�r innpliedly p�rr���s th��aria�io��by wri�$�n agr���raen�o <br />�=���' If any 5e�ti�n�f this 5��ur�ty Ir�S$rurnen��ar�n�t b�er�f�rced a���rdi�g t�i�s terms,tha�secti�n vv�ll be <br />_::`:; 5���r�d�r�d w��l n��affect th��r�f�r��ab�lity of th�rem�ir�d�r of th�s 5�cu��ty lr��trumen�.�h�n�r��r u��d, <br /> �h��ingu��r�hal���clude the p�ura�a�d�he plural th�sir�gular.Th�cap�i�ns a�d h��di�gs�f the secti�n��f <br /> �h��S��uri�y�nstrum��t are for c�n�er�i�r�c��nly a�d a�e n��tv be u5�d t�int�rpret�r d�fane the terrn��f this <br />`���' Se�urit�lnstrum��t.Tir�e is�f�he��s�r���ir��his S�curity I�str�rnent. <br />::::� <br /> �4a SL���E55�R Ti�LJST°EEo �er��fi�iary,at���eficiary'��pti�r�,r�a��r��ra tirn�t�ti�ne r�m��re Truste�and <br /> app�irat a su��essor trust��with�ut as�y�ther��rmalaty�han the designati�r�in v�ri�ting.T'h�su���ss�r trust��, <br /> ►�vith�u�c�n��yan���f$he P�operty��h���succe�d��a1�the�i�1e,pvvver a�nd du�ies��nf�rr�d up�r�Tru��ee by <br />�::::; �his S��urity�nstrurnent��d appli�ab��la�v. <br /> ..s <br /> 25e N�T��Eo Llr�less�the��wise requir�d�y lavvv,an�n��i�e sha11�e gi��n�y d�i�vering�t�r by r�na�ling i��y <br />������� f�rst class r�-���I��the appr�pri�t�p�rt�'�add�ess�n pag�1 �f this Se�urity Ins$rurrr�n$,�r fi�any��her <br /><:::::; addr�5s d�s�gnat�d in vvriting.IV�tie�to�r�e trust�r�vil!b�d�emed t�b�nvtic�to all trustorso Trust�r and <br /> ��n�faci��y h�r�by��qu�st a c�py�f any n�t���vf def�ult,and a c�py��any��tic��f sal�ther�ur�der,b� <br /> r�a�l�d t�each party at th�addr��s f�r such party s�t f�rth�r�pag�� �f this Secur�ty <br /> lns�rument. <br /> �p�ge o ) <br /> � <br /> � �. <br />`���' _t�94 V►lalters 161uwer Financial 5er�ices-�artkers Systerr�� ''` Form tJS�-REDT-N�1°I 1'�612�1� { <br />:::::; <br />::::; <br />:=:�:; <br />:::::; <br /> ..., <br />
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