,
<br /> � 2� 1 ���7��
<br /> QE�� �� T���1"
<br /> ����$������ �a�� 3
<br /> term af th�laan.
<br /> �ppl���ti�� of�r�c�ed�y T��star sha1��ram�tly rr�trfy L�nd��of any loss�r �amage ta tf��Pr�p�rly_ ��n��r r�ay
<br /> rna�C� �r�a� �t �ass i.���u�t�r fails to do so �rithir� fiit�en �'f�} �fays of th� cas�alfy. Vll�r�t[��r �r na� L�nd��'s
<br /> secu�ity �s impair�d, �.�nd�r may, a� Lender'� ele��io�,.rec�i�e and r��ain tl�e proceeds of�r��+ �r�s�aranc�an� �pp1Y
<br /> ��� �rac�eds t� �he r�dU��san of th� 1�debtee���ss� ��ym�n� af any Fien af�e�f�ng the P��per�jr, �r th� r�s#�rafiian
<br /> and r�pair of�h� Pr����y. �f L�nder e�ec�s ta a�pC��he pr�c���s to restaration an� rep�i�: ��-us��r���1� r��a��-or
<br /> r�p[a�e fif�� �am�g�d ��- ��s�r�yed Im prorrem�nts in � r�an ner sa�isfacta�}r ta Let�d�r. L�r���r �h�11, u po�
<br /> satisf��.��ry pr��� af �uch ex�enditure, pay or �ei�n.�ur�e ��rs��r frQm �he prace�ds.�or th� r�a$ana�E� c�st af
<br /> r�p�ir �r �es��r���n �f Tn..lstor is no� in �efaul� Urid�r �his De�d �f �rust. �Iny p�oceed� �r�i�Y� h�ve ��t been
<br /> disbur��� wi-thin 'I8�3 ��ys after th��� receip� and wh��h ��nd��has not camm�t�ed �o ��� r�p�ir�r r�st�r��Ean o�
<br /> the �ra�a�rt�r sf��l!�e us�� �rs#ta pay a�y a�nau�t��ri�g fa L��d��und�r��is L�eed af�rus�,��n�n fa pa�r�ccru��
<br /> inter��t, ��d ��� r�r��ir�r�er, 9�F any, shalE be a�pli�d #a #h� prir��i�al �alance of#�e lndebt�d��ss. !f��nde�h�lds
<br /> any prac��ds ��t�r p�yment in fufl of the ����bt�dness, s�cFr pr�c�eds �ha[I b� paid t� Tru�tor a�� �rust�r's
<br /> �n��rest�s rn��r a�p��r.
<br /> Gorn�l ian���rit� �xistiir�� �n debted Ress. Durin� �he ��r3a� i r� whi�h a�y Exis�ing I ndebt�d n��� ���c�i�e� �e[o� is
<br /> in eff�ct, ��rr���Eance �ri�h �he ins u ra n�e p r��isi��s ��r���ined �� '�he i n strument ��id�r,�ing �uc� �xis���g
<br /> �n debt�d€���s �h��l, con s�����e car�p I'ra nce v�rith ��� i nsura nc� �rovisio ns u n�er �h�s Qeed a� Trust, �� �h� extent
<br /> �amp3i�n�e �nr€fh th� t�rms a�th is Deed af Trust��u Id cor�s�it�t� a du pl icat�or� of i nsurance ��u irem en�. If an
<br /> pr�e�eds frarn �h� insuranc�becam� payabl��r� 1��s, th��r�v�sians in this Deed of Tr�st for��i�isio� o��rflc��ds
<br /> sha�f�pp�y an�y ta����p�r#ior�af��e proc�eds�at pay��l��o�h�ha�d�r o�the�xistin� In�ebf��ir��s�,
<br /> LEi�p��`5 �XRENDITU F��S� 1 f Tn.�stor fa ifs �A� to k��� ��� F�rop�rty ��ee of aii �ax�s, 1 iens, ���u���jr i r��er�st�s,
<br /> �n��rn bra nces, �r�d o�h���l��m�, �B} �o p�-o�id� any re�ui r�d ins ur�rice or� fi[�e Prope�fy, ��� �o rr��ke repairs �fl �h�
<br /> �'raper�y ar'�a carr��ly�rith �r�}r �b�igaffon to rna�ntai� Exis�in� In��b��d�ess in good s�and�r�g as requir�d b��aw, then
<br /> �ender r�ay �o �Q. !f�ny ac�ian o� p�-oceedin� i� �omme�nc�d th�#would rnateri��fy affeGt Lend�r's in�e�r�s�s in th�
<br /> Praperty, f��� ��r���r on ��ust�r's behalf may; but i� n�t r�uir�d ta, t�ke any ac�iQn fh�� Lender �el��v�s �a be
<br /> a�pro�riate f� �r�te�f L�n�erTs interests. Af E �xp�ns�� in�u rr�� a r �a i� hy Lende�fo� �u�h �u rp��es v��11 t�eri hea r
<br /> int�r��t a� ��e r�t� G�arged un�er t�e Not� �r�m �h� da�� inG�r��d �r paid by Lender ta �� da#� �f �payr��n� by
<br /> �rustar. �11 s u c� �xpenses w�I� b�came � part of��� 1�d�b��dn�ss �.nd, at ���der's �p�For�, wi�I �A� b� payabE� �n
<br /> der�and; ��} be �dd�d t� tf�e bafance of �h� NQ#e and ��� �p�or��an�d �rr�ang and 6� pa�rabl� �rtiri�h a�y ins�alEment
<br /> payrr��nts t� ����m�d�a� durin� ��th�r {�} th�t�rm a'�any app��ca�l��ns��ncs p�1�c�r; or ��) #he �em�i�ir1�term af
<br /> #he �o��; or ��� ���re��ed �s a b�l loan payrr�en��nrh«h �nril� �e due a�n� pa}r�b�e��the hl ot�`�ma�u ri�. Tf�e Q��d of
<br /> Tru�st alsa wvi�l �ecure ��ymer�f of#hese amoun��. The �i�h�s ��or�i��� f�F�� �is �aragraph s�al� �e in additiari ta any
<br /> other rig h�s ar any r�rr�e�ies �o whic#� L�nder m�y be enti�l��d on �ccaur�� of any defa�i�. ��y s�cf� a�ti�n by ��r�der
<br /> sha�l no�be��nsfrue��s c�ring th�c�efauft sa��t�bar L�n��r�rQrr�ar�y r�rr�edy that i�atf��nrvise vtir�uld hav�h�d.
<br /> VI�IA�F�ANTY; I�EF�IVSE�F T[TL�. Th�follow�ng pra�r�s��ns rel�tin��o v�rn�rsf�i�af the F'�raperiy��-e a p�rt af tF�is a�e�
<br /> ofi�ru$t:
<br /> Title. Trustflr�rv�r��rt�s�1��t: ��} T�'ustor h�fds go�d antt rriarke#�I�I� #itl� of recor�t� #h� �ro�e�ty in f�e s�mp�e,
<br /> free and cle�r�f aff ]�e�s and e�c�mbrances o#h��than �h�se set forth in tE�e Reap pr�pert�r descri�ti�r� or ir� th�
<br /> �xfsf�n� Indebtedness�ect�on b�low o�in a�y titFe �r�surance�olicy, ti�9� r�port, or fn�f���le opi�ion issued �n��vOc"
<br /> o�, and ac�ep�ed �y, Lend�r i n �o n�ect€on wfth �F�is D�ed of Tr�s#, a€�d �b) T�Ustar has th�f�!I rig��, p�wer, �nd
<br /> aut�or�ty f��xe��t�a�d deli�er��is L3eed o�T�st�o L�nd�r.
<br /> aefen�� �f fitle. Subje��ta th� excep�fon i� tl�� Raragraph a'�c�ve, Trust��v�arr�nts and v�ri�f forev�r �efie�� the
<br /> t�t�����h� Property agains#�F�� lawfu! �lairns �f aC� ��rsvr�s. [� the even���ty ac�[�n or��o�eeding is carnrn���ed
<br /> tf�at�u�es�io�s T�r�s�ar's tifle Q�tf�e ir�tere��of Trustee or�en��r und�r��Es Deed of�ru��,Trustar shal�defe�d the
<br /> ��ti�n at Trustor's �xp�nse. Trust�r may b�fh� ndr�tinat paEty fr�such �rQreedin�, b�t Lender��tal� b�er�ti�i��to
<br /> �a�icipat� in the pr�c�ed�n� and to be repres�n#ed in the p�-oc��ding by cQ�r�sel of Le�der's ovvn �i��ice, a�r�d
<br /> Tru�tor wi�[ de��ver, �r cause�o be delive��d,#� I�end�r such instrur��nts �s Lend�r m�y r�que�'t��om #��t�te ta tirt�e
<br /> �o p�rmit su�h par�Fci�a�io�.
<br /> ��r�p��ar��� �ith La�ws. Trustar v�r�rrants fh� th� Pr�perty and ���,star's �s� of the Pr�per�y compi�e� v�i�h a!!
<br /> �xis�i��a�pl��able laws, ordinar�c�s,�nd �'e�ufatian$of goverr�m��fa1 a�athQr�ti�s.
<br /> Su rvir�al �f Prom ises. ��1 pr�mise�t a�r�err�en#sT �nd statem�n�s Trus�or ha� r��d� fr� th�� Deed of T�us� sha��[
<br /> sur�iv�th� exeCu#i�r� and �l�livery of�h�s D�ed ��Trus#, shal� b� c�n�lnuing �� n��ure ar�d�haE[ rerr��in �n f�f9 f��c�
<br /> a�d e�f��t«nfii�su�h t�m�as Trus�o�s l�deb�ed��ss is�aid�n�ul�.
<br /> �KISTIhiC€�f�EBT'��NESS. TI-te f�f�outr�ng�r���s�on�eonc�rning�x3s�i�g lndebt�dn�s��r�a par#of this�eed�f�f�st:
<br /> ExR�t�r�g L�en. �"he �Ee� �f �his D��d o� Tru�t securir�g �he In�f�btedness may �� s�Gon�ary artd irtfer�or fo an
<br /> exi��ing [ienr Tr�sto��xpr�ssly ca�er��nt�and a�re�s ta pay, ar s�e fo t�� payrnenf�f, ��r� Existin� �nde�f��l�ess
<br /> and f�pr��ent any de€au�t�r�s�ch i nd�b�ed ness, any d efau It�n��r the i r�str���nts�vi�encir��such i r�d�b��d n�ss,
<br /> o��ny de�ault under any secu�i'�y docurne�ts for s�u�h ir�debte�ness.
<br /> �fo Mo��f ca��an_ Trusta.r s haif n�t er��er f�tv ar�y �greemen�vvith ff�e h o�der�f ar�y m�r#��ge, deed at tr��t, or
<br /> o��er seeu rity ag�eement �h ic� F�as �ri�rity c�ve r th is Deed �f r�ust by v�hi�� �h�t �greernent �s mad ifi�d,
<br /> amende�, exte�ded, Qr �e���r�cf �rifhout the pr��r written cons�n� �f Len�er. Tr�stflr s�all n���her ��ques� n�r
<br /> ac.��pt any fu�u�e advances ur�der any su��se�urity agreement vwit��ut t��priQr�rvritter� c�nse�t o#Ler�der.
<br /> ��N�EI�i��1TI�N. The fo�lorrvir�g p�-o�isior�s r�l�tin�fa candemnation procee€�i�gs�r��part of this Deed of T��$t:
<br /> Pr�cee��ngs. !� any prbceedi�g �� �andemnatiar� is fi�ed, T�,star sha�[ pra�ptly no�ify Lender in �ri��n�, a�d
<br /> Trus�o�shall grQmptly ��ke s�r�h steps as r�ay 5� necessary to defen�l �h� ���i�n an� abtain tf�e �w�rd. Trus�ar
<br /> may be�he n�rn�nal pa�ty'sn suc� pra�e�dFn�, bufi Lende�-shaf�E�e er�ti�l�ci t�p�r�i�fpa#e in the��'aceet�i�g ar�d�a be
<br /> repres�nted irt the proc��di�g by ������f of i#� �wn choir,e, and �"rus�or wi�l de�i�er �r �c�se �o be de�i�ered to
<br /> Len��r $uch instr�,meRts and d�curr�entaf3on a� r��y be requested �y ��nde�from �i�e �o �im� t� per�ni� s�ch
<br /> �a�cipatian.
<br /> App[i�afion of N et Proceeds, f f al�❑r a�ry part�f th� prope�ty is conder-n��d by�ml�ent d��rnaEr� p roceed ings ar by
<br /> �r�y pro�eedi�g or pur�haSe�n li�u ��r��ndernn�tio€�, Lend�r ma�at its�l�ctiori r��uire t�at a[E or�ny por�ion of the
<br /> net proceeds af�he av�rard fa� appli�d t� tl�e Ende�t�dness or t�e repa��r ae r���tarat�an v�th� Prope�}r_ Ti�� n�t
<br /> p€�a�e�ds�f the award shal] mean ���awar€� �-ft�r�ayment o��[I re�sari��le�Q�#�, ��€peC1�e5, ��d attvrn�y�'�ees
<br /> ��cu rr�� by Trustee o r�en�er�n c��n�ct«��ith the candern na�ion.
<br /> ���oSiTro�v �F Tax�s, �EES r41�D ���R��� 6Y GDVE�f�1�lEN'TAL AUTH�RITI��, �'�e fofl�vving �ro�isions rel��Et�g
<br /> t��ove�nrr��n�al taxes,fieEs an�Gh����s ar��part af this Deed af Trust:
<br /> �ur�en�Taxes, Fees and C�arge�. UpQ n r�que�t�}r Lender, �fustor sha II �xec�t��u�h doc��rn en#s i n ad d�ia n �a
<br /> tinis Deed a'�Trust and�ake v�r�at��r�r ath�r actian is �equesfied by L�nde�t� p��F���and contin�e Lende�'s lien on
<br /> ��e Rea! �roperty. Trz,sfor sha�l ���m�urse Lender for all taxes, as �escribed b�fa�, togeth�r tinr[t� all expense�
<br /> in�ur�ed in recard�ng, per�ectir�g ar �or�tin�,i�g this D�ed of Trust, incf�ding witho�� �imitation all �axes, t�es,
<br /> d��urnen�a�}r stamps, and oth�r�har�es fc�r recording ar re�is#ering this l���d Qf Tru�st_
<br /> �ax�s. Th� fal��v�rrn� sF�all ca�s�itu�� ��x�s #� �rhicf� th�s sectivn a�pl��s: ��� � �peci�c #ax upo� fihis �type of
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