2� 1 ���537
<br /> ���� �F Tl�l���'
<br /> ����1ti�t�[��} �ao�� �
<br /> Trust, ��c��t ��r� t�� li�n �f ta�c�� an� a�s���m�r�ts n�t du� �r,d �x���t �s ath�rwise pr�wi��� in thi� D��� �t
<br /> `�r�s#,
<br /> F�igC�t t�C�n���#. T�r��t�r ma�r�ifh��l���y�n�r�t 4f any t��€� a���s�rn�r�t,�r���irrr in �Qnn���i�n v�rifh a���d faith
<br /> �is�u�� ���r�ti����l���li�n t�pay,��Cor�g as��rr���'s int�r��t i��h����p�rl�i�r��t j����r�i���. If a I��n arise�ar
<br /> is f�[e� �s � ����lt�f��npa�m�e�t, Trust�r���ll �ritC�ir� fift��r� ��I 5} ��ys af��r th� [i�n �ri��� �r, if� li�n is file�,
<br /> witF�in fif�e�n ��S� ���rs aft�r Tru�t�r ha� r��tl�� ����� �[in�, sec�r�the�is�f����� ��#h� li��, �r if r�que�t�� ��r
<br /> L�nd�r��l���sit v�rit���n��r���h��r��uffici�nt��rp�rat�suret�h�n�❑�'�th�r����rit���tisf��t��r t�L�nd�T ir�ar�
<br /> �mo�nt s�f��i�r�t t�di��h�r��#h�f i�n Rlr��any cQ�ts an� �tt�rne�rs'fe�s' ��ati��r�f��r���tYr�t��ul����ru�a5 a
<br /> r�sult��a i�r��[��t�r��r��t�und�r th�[i�r�. In�ny��r�test, T���t�r sh�l1����r��il�����r��L�nder and sh�11 sa�isfr�
<br /> �r�y adv�rs�j�d�m�n�����r��r�f�r��m�nt aga�n�t the i�r��erky. TrU�t�r���11 r�a�rt��L�r���r�s�r�a��i�iana[a�lig��
<br /> und�r�r��r��r�t�r��r���urr�i�hed an th�cant��t p�a����in��.
<br /> ��ri�er��� ��F���r�er�t, Trust�r��all u��ar� d�mar�d fur�,i�h ����r���r�afi�fa�t�ry e�idenc��f�a�m�r���f fh�t��t��
<br /> �r����ssm��ts�n� ��alE a��h�ri�e th� ���r��r��t�����r�m�r�tal �ffi�i�l t�d�li�r�r t�L�r�d�r�t�r�y tir�e�wri���n
<br /> �ta��rn�nt�f th����c�s�r���s�es�rn��ts�g�ir��t#�n�Rr�p�r��+.
<br /> NQt��� �f��n�tru�t��n. Trust�r�hali rr�t�f�r ��r���r�t 1��5t ffte�n �']�}���rs b�f�r�any�nr�r�t i� ��rnrr��r���d� any
<br /> ��nri�es ar�fU rnish,����r�r��rt��t��i�l��r� �up�li��t�the�rop����r, if an�r m��h�r�i�'s�i�r�, rrt�t�ria�rn�r�'�li�n� �r
<br /> �th�r li�n ��uld �e as�ee��d �n a���ur�t�f tF�� �nr�r�, ��rui���t �r rr��teria��. Tru�t�r v�ri]I u��r� r��u�st���end�r
<br /> ��rni�h t� l.�nd�r a��+ance as�u�r�n��s ��tisf�ctar�+ �Q ��n��r �ha# Tr��t�� �an and v�i[I ��y tl�� cast o� s��h
<br /> ir��r����n�r�t�.
<br /> �R��EF�TY�AM�4�� [N��1�AN�E. Th�f�l I��nrir���r�vi�a�n�r��atin�ta insuring���Pr���r���r�� ��r��f#f�i� I���d�f
<br /> �'r�t�t.
<br /> Mai r�t�n�n�� �f f n�ur����. Tru�t�r sh�IC �r��ur� �nd ��ir����n p��i�i�� �f f r� ins�r�n�� �vith �tan��r� �xt�n��d
<br /> ���r�rage �n��r��ment��n � r�pl�c�m�nE���i� f��#I�� f�IC in�ur���� walU��v�rering �IC Impr�v�m�r�ts an th,� F���I
<br /> ������� in an a maun� suffi�i�nt t� a�aid a��li�atian af�t��r ��crr��r�r��� �I����, �n� v�i�� a stand�rd martgage�
<br /> �laus�ir�fav�r�f L�r�d�r. Tru�t�r sY��ll�Is��r��ur��r�� rr��i�kain��r��r�h�nsiv���n�r�l f ia�ilify ins�cr�n��ir��ucl�
<br /> ���r�r��� amQ�ants as L�n��r m�� r��u��t uvit� '�ru�t�e and L�r�de���in� n�m�� �� �ddifiQnal in�ur��� in �u�F�
<br /> I ia�ili��+ insuran�e palicies. Ad�itiar��lly, Tr�����sF��ll rt��ir�tair� su�i� �ther insurar��e, in�lU�f i�� but n�t lir��t�d l�
<br /> ha�ard, bu�iness inte�ru�ti�n, an� ��iler ir����r���, �� L�n��r ma�r reas�na�l� r��uire. P�licie� shall b�writt�r� ir�
<br /> f�rm, �rr��unts� �av��a��s ��d ���i� ���s�nably a����f�t�I� #a Lend�r ant� i�su���i h�r � ��m��r,�r ar carr����i��
<br /> r��sana�l�r ��������I� �� L�r���� �'r�st�r� upon requ��t �f L�nti�r, rrvill �I�liw�r t� L�n��� ���r� tim� #� ��r�� ��e
<br /> ��1i�i���r��r�ifi�at�s 4f insUr�nc� in f�rm safisfa���ry#� L�r�d�r,irr�l�r�lir�� �ti��l�ti�ns t��t��v�ra�es rn�il� n�t b�
<br /> ��rr��Ir��l�r�imini����u�ritf��ut�t ie�st thirty������ys pri�r�nrri�t�t� r���i����L�r����. ���t�insur�n�� pali�y als�
<br /> ��al�in�lud�an�n��rsemen��r��ri�in�th�t����r�g��r�����r��L�n��r�i!] n�t��irnpair��ir��ny w��r I�y�r�y��t,
<br /> �rrtii��i�n�t��f�u�t�f Trustor❑r an�r�th�r p�rs�r,. ���ul�tl�� F���1 I�r���rk� �� l��at�� in an�r�� ���ign�t�� b�
<br /> the A�mini�tr�ta��f th�F���r����n���en�y�l�r����m�nk A��n�y as� sp��ia[fla�d ha�ar�ar�a, Trust�r��r���t�
<br /> �btair� an� rr�aint�in Feder�l F�ood In�ur�n��, i���r�il�t�l�� fQr th� ��a�l unpai�f prin�i�al bal�r��e �f th�1o�n ��� �r,y
<br /> �r�or lien� ❑n tf�� �r�p�rt� s��ur��� tC�� I��n, r�� t� th� maxir�um �aliGy ]imit� ��t �nd�r th� {��t���t�l FC���
<br /> lnsuran�e f�r�gr�m,�r as ath�rwi�����uir��!�}�I��n��r, a�r�d t�maint�in�u�h in�uran��f�r th�t�fm�f th�l��r�.
<br /> A�a��i��#i�r� �f��Q���d�. Trus#�r shalf�ar�mptl�n�tif�L�n��r�f�r�}r R�������m���#�th� Pr�Rerty. L�nder rrt��+
<br /> rnak� pra�f �f ��ss if�`ru�t�r fails t� d� �� t�ithir� f f#��n �'l�� ���� ��f C�� �����I�y. �h��h�r�r n�t Len��r"�
<br /> s���ri��i� im�air��� Lend�r m��� �t��r�d�r's�I��t�a�, r���i���r�� r�tain th��ro���ds�f an�r ins�rar��e�nd aPP��
<br /> �h� �r������ t� th� r�du�ti�r� a��he Ir����t�dn���, ���rrr�r���f�n� l��n aff���Rn� f�� F�r���rf�+, �r��� �e�t�r�ti�n
<br /> �r�d r��aair of th�Pr���rty� lf L�n��r�I���s�� a�p1�+ ��e �r��eeds t�r�s��r�t�an an� r�p�ir, Trust�r sh�ll r���ir�r
<br /> r��l��� th� �amaged �r d���r��r�d Irnpr���m�nt� i�r � mann�r �atisfact�r�► t� Lender� L�r�d�r sl�all, u���
<br /> safisfac#�r�► p�a�f �f su�h �x��r��ikur�F ��� �r' r�irn�ur�� Tr�rst�r �ram ti�� pfa����� f�r fh� r����r���]� ���t �f
<br /> �����r �r re�t�r�ti�� rf Trust�r is r��t i�r ��f�ulk r�n��r #�i� ���� �f Trust. �ny �r����ds vtirhi�I� h��r� n�t a��n
<br /> �fi�t�urs�d tnr�thin '[�� ������t��th�ir`r���i�t and vuhi�� �end�r i�as nat��r�mil��� t� tl�� r���i�Qr���f�r��i�n �f
<br /> th� Pr���rty si�alC b�us��fir��t�����r�y��Qunt�win� t�Lender un��r�hi����d�f Trr��t� tf��n#� ������ru��
<br /> int�r�st� and th� r�m�ir����, if���r� �harl b� app li�� �� th� p�in�i��l ��]a�,�� af th� �r����t����s�. I�C.�nd�r ha�tls
<br /> a��+ pr��e�ds �ft�r ���+m�r�t ir� f��� �f th� �n���f��n�ss, su�h p��c��ds �h�l� t�� �a�d t� T��t�r �� Tr�asf�r"�
<br /> int�r�sts nn��r������.
<br /> Trus#.�r's ����r#�r� �t���ra���. Upa�r�qu�st af L�n��r� h�wr��r�r rr�t rr��r�#I��n�n��a���r,Trus��r sh�ll furnish
<br /> #� L�nd�� � ����t��r� ���I� �xistin� �aliG�r �f insu�anc� �h�vuir��; ��1} th� ��m� �f fh� ir�sUrer; ��� f�� risk�
<br /> i r��ured; ��� tl�� �r�aurr� ��#i�� pQli��r� {�� ti�� pr�p�rt�► in��r�d' �C�� th�n �urren� �������m�nt va[u� �f suct�
<br /> �r���r#�� an�th�rrtann�r�f��t�rminir�����t��I��;an� ��� th� ex�ir2�ti�r���te �f th�p�#i��. Yr��l�r�����} �pan
<br /> r�quest af L�n��r, haw��n ir�����r���r�t�ppr�i��r satis�a�t�ry#a l.�r�der���er�nin�th���sh vaCu�r��la�emen�G�s#
<br /> a�tf�e�r��ert�r.
<br /> LENaER'� E�Cp�N�17�lRE�. I��ny��#i�n�r�r��eedi��i��amrn�nc��th�t w�ul�r�r�t�ri�ll��ff��t l.�n��r'� ir�t�r�st in
<br /> t��Pr��ert�❑r if Tr�st�r f�il�ta��rry���vrri�h a�y pro�i�ian�f t�is a��� �f Tru�t�r�r��I��R�t�� �]���r��n#st ir��lU�ing
<br /> but ��f�imit�d t�``rust�r's f�i��r� ���li�cf�ar�e �r p�y uuh�r� due �ny�rr��ur�t�Tr�s#��i� ����ir�� #� di��F�a�g� �r pa�r
<br /> urr��r�hi�D����f TrU�t�r�r,�F��I�f�� I����m�ntsr L�an��r�r�Tr��to�'s��h�[f trr�y��ut�C��IC r��t�e�bli�a���t��t�k�
<br /> any a�#i�n �ha� �end�r d��r�rs ���r���i�k�� in�luding t�ut n�t limit�d t� di��#��r�ir�� �r p�ying aIC �a�c�s, I�en�, se�urity
<br /> int�r��ts, �n�umbranc�s ar,d otC��r�l�ims,�t an�r tim�le�i�d❑r���c���r�tC��F�ra����r�r�����+in�all��5ts f�r�nsUring,
<br /> ma�i��aini r�g ar�d p��s�rvir�� #�� �rop��t�r. �I I �uch �xp�n�i�ur�s in�ur��d �r��id ��r ��n�er�or s��i� �urp�s�s wi11 �I��rr
<br /> ��ar ir�terest at the rat��h�r���l �r���r th� f��t�fr�m tne dat� in��rr���r��i�! b��.�n��r������la#���r�pa}m�n���
<br /> Tr�.as��r. A�11 �u�� �x��ns�s �r�ril! ���Qm� � par��f th� Indebt�dn�s� ari�� �t L��r�e�'� �pki�n, �ill �A� be �a�rabl� an
<br /> ��m�n�r ��} b� add�d ta tF�� ��1�r��� �f th� fV��� an� be �pp�rli�r,�� �m�r�g �r�� �� �����I� v�rit� a�ny ins#allm�nt
<br /> pa�rme�ts t�bec�m$�tu� [�urir���ilF��r �"�� t��t$rm ���ny�pp!!�a}�f�insu�r�r��� ��li��: �r �2) tha rc�rn�ining tc�rm¢f
<br /> ��� f�#�t�; �r' {�� ��tr����d as a �a#I������rm�r�t�hi�h v�ill ��d�e�nd pa�ra��e���he N�te'�m��rari��. �'I��a��d ��
<br /> �ru�t �Is� r�El[ �ec�cre p�ym�nt��th���� �rr��ur�t�. �t��h rig�t�E�all b� in ��dita�n �� �II �th�r ri��t� �r�d r�m�di�s to
<br /> whi����n���m�y t���r�tif��d upon aefault,
<br /> �IIAI�F�A►N�`Y;D�F�N�E��"T1T�.�. T[�e fall��nrin�pr��ris i�r��r�l�ki�� t���rn�rship�f#he Pr���rt�+�r��p�rt�f th i����� �
<br /> af Tru�t�
<br /> Titl�. Trust�r warr�nt�tC�a#: ��}7�u�tar��I���aad and ma�r��tah[e tit#� �f r���r� t� #h� I�r���rl�r in f�e�imp[��
<br /> fr�� and �����r�f�II li�r�� �r�� �n��rr��ran�e� ati��r ff�an th�s� ��t f�rt� i� f�� 1���I l�r�p�r#���s�rip#i�n �r in �ny
<br /> �itl� insuran�� p�li�}� tit1� r����k� �r�ir�al �i�l� ��ir�ion i�sued in tav�r�f, and a���p�e� l��r, ��r�d�r in ��r�r����ivr�
<br /> v�i����i�����f�f TrU stF�nd {b�Trustar����#��f�]I ri�i�t, ��w�r,�n�auth�rit�►t�ex��ute�nd d��i�r�r t�i�a����f
<br /> T�'r��#t�L�n��r.
<br /> �efen�� ���itl�, �ub�e�t t� th� �x���ti�r� ir� th� ��r���aph �t����, �"ru�t�r�r�rr�n�s �n� v�ill f�r���r��f�r�d th�
<br /> titl���tl�� �r���rt�+�gair�st#h� lav�rful���irns�f�f I per��ns. I r�tl����r�r�t��y a�ti�n�r Rr�����ir��is�or�m�n�ed
<br /> that�{ue�tion�Tru�tar'�titC��r#i��int������f�"rust���r�.end�r under this �������rus#'`I'rus#���1��11��f�n�i th�
<br /> ����an a�t"�'ru�t��� �������. Yr��t�r ma�+be th��n�mina[ p��ty ir� s��l� �r�����ir��, ���L�n��r�ha[I be entitf�d t�
<br /> part�cipat� in fh� pr�c���ir�� �r�� #� b� r�pre5�r�t�€i in the �ro���din� t�y ���t�s�l �f�.�r���r'� ��rn ���i�e, and
<br /> Ti rust�r v�ri�1 d�li���, Qr�a���t����leliv�red,t�Len��r su�E� in�trurr��nts���.�n��r r�a�r��u�st fr�m time t�tim�
<br /> ����rmEt su�C�p�rti�ip�ti�r�.
<br />
|