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<br /> ',�,,���•� D�ED OF TRUST G��I'.- �,QQ(I�1, P°�° 3 -:
<br /> 01-04-1999
<br /> -.� •.':. ,.'� Loen No d562e6 (CoMinued)
<br /> ;ti, " � . -
<br /> -..1;.,•�•.�� , EyW�nCe of plrynNnt. Trustor sh�ll upon dorru�nd fumfsh to Undsr saUshctory svid�nce ol payment of the l�xss a ass�ssrrwnb�nd Bh�N - .
<br /> •uthoriz�the appropr�+►1e 9owrnmsntal oMfdal lo d�Nvor to Lendar�t�ny Hrn� �written siaNrr►�nt of tM Uuus and�ss�ssrrNnb p�tins�t1a
<br /> ,,,_ .� Frop.rty _
<br /> MotkA of Conitrucllon. Trusta shaq notity L�ndK at Iwst 6fINn(161 daya b�fon any work b cumrrwrktd,any sKVtas u�furnish�d,or�ny ---.
<br />_:,,:,�.:�. ,. ma q r i�b�n supp N�d t o I M P r o{�r t y, i f�n y m�c l u n b't Nsn, rtulK►�Ir►wn'� INn, a olMr N�n could bo asl�rt�d on �ccount of tM wak, _
<br /> ,,. . � Mrvl�s,pr rn�bri�ls. Trusta wIN upon raqwst M L�nd�r hxnFth to L�ndM�dvana�uunnas sahshdaY to 4entMr that Tr1»ior an an d w I N
<br /> p�y tM cost of such Improwmsnts.
<br /> � pROPEq'fY DAMA(iE INaIJRANCE. Th�foNowinp provfslom rMatlrq to Iraurinp Ihe Proparty¢ro o part o}this Deed o!Trust �
<br /> ,� • � MaN�N�nc�M InNKM�a. Trustar s1u�H proeure�nd malntaln poNCMs of Ik�Insurana wNh�taMud�xMnd�d cowrap��ndaarrtwnb on a
<br /> npl�arr»nl baab fa th�full InsunbN value cowrinp RN Improwrr»n!�on tM fiMl Prop�rtY In an amounl au}Ilel�nt to�vdd�ppMalMO�of any
<br /> - ednsur�na c4ua�and with�atandud morlp�pN daus�In hvor of L�nd�r,toqNMr wNh tuch dhK hwrd and IkbNfty Ir►surRna�s Und�r
<br /> i may r�by rWuin. PoNcNs sh�A be wrlM�n in fam�amounls�covK�p�s�nd basis n�son�bb�oaPtabk ta Under�nd iawd bY�
<br />_--�■ w upon nqwst of L�ndK,wiN dWwr to l.�nd�r kom tlrt»to brtw th�paYr,l�
<br /> company or comp�nlss reasonably acceptabw to L�ndK. Tnnta, �nol b�cancsM�d a'diminlsh�d wNhoul d
<br /> �� or c�rtlAeales cf insurance in fam satlsf�ctory to l�nd�r,Includirq sdpulaMons th�t covsnyss
<br /> fw�s1 bn(10)dwys'prior written notice lo Lencbr. Eech insur�nw Pdlcy dso shd includs�n�ndors�ment providinp that covsrp�in hvor d
<br /> - L�nd�r wfN not W Impak�d In eny way by any�ct,omis�lon a dehull of Truxta or�ny oth�r person. Should tfi�Rw►PrcP�►ky N�nY tim�
<br /> b�cortw lacaled in an u�desipruted by lhs Dkeclor ol th�F�a1 Emorp�ncy Marop�m�nl Ap�ncy�s a sp�c41 Ilood hw►d wa,Tnntor
<br /> �prNa to oblain�nd malntaln Fedeal Fload Instxanc�lur 1M fuY unpaid pri�c�al M�ar►a of th�lan,up to tM modmum p�+Mcy Ymib sM
<br /> undK ttw tJ�dond Flood Insunnce P►opr�m,a�s olharwkw nquked by L�nder,�nd to malntaln such Insixana ta�th�IKm ol lh�loan.
<br /> AppMeuqon of Ptot�ds• Trustor sh�M PromPnY�otHy UnWr d any loss c�r dam�ps to tFN Prop�rly. Lend�may m�k�proof of loa M Trustar
<br /> .. W
<br /> .tY• ::• ��� h1b to du w witMn MN�n(15)daYs d ths caswttY. WhsthK a n�t Und�r's s�curitY fs�mPUnd.U nd�r may�MSn aMscM�O�th��,�
<br /> ,. Ilw procMds of any insurrncw and�pPy ti»ProcMds to Ih�nductlon of fM Ind�bt�dn�ss,p+►yms
<br /> reslaaHon�nd rep�k of th�Prop�rty. II UndK aNc1s to opPy tM prawds lo nstaatlon and r�k,Trustur sh�M npuk a npl�a tM
<br /> .- damap�d a dosVOy�d Improwmenb In �manner saUStYCtory to L�ndK. L�ndpr sFwN� uPan sadsfactory proot d eucfi e�uMlurw,WY or _
<br /> -�.� , , '�� relm6urs�Trustor hom Ihs proasds for iM rMSOn�bb tost ol npak w nstcxatlon M Trustor fs no!In d�hull undsr thls DMd d Trust. Any
<br /> � procwds wl�lch h�w nd besn dis6urssd witMn 1B0 days afMr thNr r�ipt�nd whkh Lsndu hiw not commitwd to th�nP�lr or ntlontlon of
<br /> . ' ths Prapwty shNl be used fkst to pay any amount owinp to L�ndsr undK thb DMd of Tn�st,lhsn lo p�Y��i^�Kt,and tM nrtwlnder�N
<br /> • ,,,�;, any,sFrM b�apWMd to th�prinCipal balance d fh�Indehlednsss. If Lend�r hdds any pto�wds afler p�ymont In fuN of the Ind�bbdness,such
<br /> • procesds shW b�pRld to Trustor as Trustor's InMnsls maY�PPK�•
<br />:Y; ,_�'.� ll�xpir�d�nwranc�N Sal�. Any unexpked Insunnce shall Inure to tM b�nefil of,and pass to,the purchaser ol the Properly covend by thfs
<br /> Dead of Trust at any trusfsa'S saie or othsr sak hald under ltw p�ovisions d tMs O�sd ot Trust,or at any forocloau�sal�of such PropKh•
<br /> `` ''A'-� DfPENDITURt8 BY LEMOt7i. If Trusta hNs to eomph with any provislon of tMs DMd M Trust,or H any�e don or pr o e s r d i r q b c o m r r M n e e d m+t
<br /> would matwi�NY�Mect Lsnder's Inlerests in the Prq>sriy,LentNr on Trustor's qN�aH may�but Sh�M nd be nquksd to,teks�ny�c11on thst LMdK
<br /> �,�,� ,. . dwrtis�p p r o p r i ak. Any amount lhat LendK e�snds In so ddnp wiM b�u Interssl at Ih�raw proNded for in tM No1s kom fh�d�M Incurt�d a pvd
<br /> � by L�ndK to ths daM d npaymant by Trustor. AN such s�q�ns�s,�t LMd�r's opNon�w i M (�)b�P�Y�on c M rt x n d, (b)M ndded to th�bN�na
<br /> .�� ;�•" �' of th�Nob and b��ppa�iionsd�morq and be payabb wNh�ny InsGNm�nt p�ymenls to bscarw dw durirq eitMr Q)M»term of arryr�pfc�bM
<br /> - — t�t»�r.w p�!�;,� �u�►►,w rwmaln�na term of th�Nols.w (c)bs tre�1W�s�baNOOn payrn�nt wMCh wIM bs dus�nd pay�bl�at fh�NoM's m�hxNy.
<br /> . Thls Ds�d of Trust dso wiN securs piymsn t o f t h s s��mounts.Ths r f phts p rowad tor in inis par�iy���s�w:.`,:trt.�w�n!�ar.;C��!!!!h�!�!A�Y
<br /> �',�...;�,�,,Y:. rsrtwcMes to wMch Lsndsr m+ry tw entilbd on account of tha defauR• Any such aMOn by Lender Sha11 not bs consUwd�s curinp th�cNhulf so�s to
<br />:.;;��y �ti:`•�. bar Lender hom�ny rert�edy that it olt�wfse would have had.
<br /> {e'::i`� n� WARRANTYD DEFENSE OF TITLE. The IoHawirp provisla�s rslntlnp to awnsrship of the Prop�ty ua�p�rt uf thls D�sd of Trust .
<br />=,,.-n.-«F .
<br /> •� . THM. Trustor wartants ttut: (a)Trustor hdds Oood and merketabk Mtb d recad to the Property In lae simpls,fros�nd c*ar of aN M�r�s�nd
<br /> '—` � =•-;y ir , Mcumbrar�ces othet than those srit(ath In the Real Prope�ty desCripnon or in any 8tle insunnce P�Y��feP��a�������In
<br /> I`- � favor of,and acceptsd by,Lender In aonnecHon with tMs Deed of Tiust,and (b)Truslor has the fuM ripM,power,and�Whority to�xscuM and
<br />..�yr�a�.�a. delivsr thfs Deed M Trust fo Lsnder.
<br /> _ ° 'y°' tlehnss of TNI�. SubJ�Ct to the ax�sption In IhY p�nqnph nbova,Trustor watttnts�nd wiN forever deknd tM ti1N to tha Propwty pnlrat th�
<br /> _ _'�`�"•="': kwlul Ci�ims of dl persons. In the evenl�ny actlo� or proceedinp is Commdnced thst questions Trustors tit{s u tM inbrest d Trus1M or
<br /> T_�:.•*' Lender undx thfs Oeed ol Trust,Trusto�shaM d�fe�d the�ctlon 41 Trustors ucpmse. Trusfa may bo tM nomirnl p�Ay in such proeMdRq�but
<br /> .�-� : "�r. Lender sh�M ba endtkd to parMclp�la in the procsKiir�y and to t»rapressnt�d In tha proceodnp by counsM of L�rxlsrs own choio�.aed
<br /> . ,""`.` :�` Tn:sta wfM dNiwr,or causs to be del've�sd�to LsndK such Instrumenls ws L�ndK rtyy reqwst kom drr»fo Mrr�to p�mM sah prMCip�lbn.
<br /> �:+E`��
<br />-�,=.'-y�+�"�� CqppNlr�q WMh 1.11ws. Trustor warrants Ihat ths Property and Trustor's us� of tM ProperH Cort�s wfth�11 �istln0 �pMC�bN y�s�
<br /> -- .,�-.--- ordlMncss��nd rpul�tlons of povernmental authwftibs.
<br />--�3:!�;�':�vt CONDEMNATIOM. Ths toNowinp Ptovi3lons rekHnp to Condsmnalion proCMdlnps w a Pari of this DMd of Trust.
<br /> x"�;- .."i` AppNcNion of NN Proc�ads. I}W or any part of ths F�toperty Is cnnd�mnW by�minant dom�in proastMnps cx bY�ny procMdliq or
<br /> ' purchasa in lisu of condsmnaUon,Lendu may at i!s ekcHon rsquin that tll or�ny patlon of tha nsl procMds of fh��ward b��pplMd to th�
<br /> IndWtsdrwss or the roPek o►rsstaatian of tla PropKty. The n�t procMds o!Ihs awnrd sMM mwn It»awud afMr payrtMnt of N rMnorwbM
<br />-= : cosls,expernes.and sttorneys'fees incurtad by Trusteo or Lender In conrnction with the condemnallon.
<br />_ - .: prpq�dinps. It any proce�dinp in condemmtlon is fdsd,Trusta sh�M promPty no6N Londx fn wrWnp.and Trustor shaN promptly t�lc�such
<br /> '-' ;• �. s��rtyy p�n�cessary ta dsMnd the�ctlon and obWn ths ewud. Trustd may b�ffis nominal puly i�such proc�clin0�bu1 L�t�r shaM
<br /> a.n�fi'.+�-- �� be entitlQd to pardcfpate in the proceedirq and to be represented in the proce�dinp by counsN of ifs own ehofce,��+d Trusta wiN dNhwr a
<br /> causs to be deliversd to Lender such Irtstruments�s may be rpuested by N kom tirtN to dme to p�rmit such partidp�Uon•
<br /> r . " �'. IMPOSITIOM OF TAXES,FEES AhD CHARGES BY GOVERMIMEN7AL AUTHOFIITIES. The foMowlr�provislons relaHnq to povernmentU t�xes.
<br /> ' � hes�nd cherpas aro a part of thls Deed of Trush
<br /> £
<br /> � Current T�ces,Fees�nd Charpes. Upon requesl by Lender,Trusta shaN exaute such docurtwnts In a T�!«ts�r�ed�n�st���1
<br /> � wh�tever other�cHon IS requested by Lender lo perfec�a�d con6nua Lendsr's lien on�he�co'�ty thfs De�d of Trust, Ir►cludinq withou�
<br /> faxes,ss described below,together wi►h ell axpenses Incurced In recadinq,perfeC'ny �+p
<br /> • IimflaUOn all4ixes,teeS,documentary stamps,end otM+r charpes tor reCOrding a re�steriny this Deed of Trust.
<br /> • T�x�s. 7he foUowiny shall constitute taxes to wh�h Ihfs sectlon Npplies: (a)a speC�C Ux upon thfs type of Da�d of Trust or upon�tl or�nY
<br /> part of the Indebtedness secured by thfs DeSd of Trust; tb}s speclfic tax on Trustor which�Trustor fs authorized or re�quked�o deduCt kom
<br /> payments on Ihe Indebtedness secured by th(s typo of Daed of Trush, (c)a tex on Ihfs type of Deed of Trust charpoable Qflalnst the Lender or
<br /> the hdder of the Noie:and (d)a speC��c tax on all a any portion at the Indebtedness or on payments o! pr�nclpal and inter�st made by
<br /> Trustor. '
<br /> Subaequent T�xes. If any tax to whlCh this section epp��es Is enacted subsequent to tha date of thfs Deed of 7rus1,thfs event shaM havo the
<br /> same effect as an Event of Defaull(as defined below).end Lender mey exercfse any or aH of its ava��ab�e remedies to�an Ewnt o}DNaulf ss
<br /> pravlded below unless Trustor eit�er (a)pays lhe tax befcre It hecomes de��nquent,or (b}contests the tax as prov(ded ebove�n Ihe Tuces and
<br /> Llens SeC�fon and deposits wilh Lender cash or a SuffiCfent corparale Surely bond Or olher security seti5t8ctory to Lender.
<br /> _—J .un�un_cr�TCYCYTQ -r�e�,u��rtrb orovt4o�ts retntino to thls Deed of Trust as a securlry aprsement are a part of ;
<br /> --- _-----1 �t�iinii:�un����:.:;���....................._.�---. . . _ _ _.
<br /> thls Deed of TruSt.
<br /> � I ��y Aproement. Thls Instrument shall constitute a security agreement lo tM extent any of tM PropertY constih�bs fixtuns ar othHr
<br /> personal properb/,and Londer shell have ell of the rlghls of a secur9d party under the Unitortn CommerC�al Code as amend9d hom time to
<br /> , I time.
<br /> $etlHity Interlst. Upon requesi by Lender,Trustor shall 0xecute Ii�ncing stelemonts and take whalever other ecBon fs reques►ed by Lender
<br /> to periect end continue Lender's securlh/Interest In the Rents and Person8l Property. In adcihon to recadiny thfs Deed of Trust In Ihp real
<br /> property records,Lender may,at eny time and wlfhout turiher authalzation from Trustor,Rle exeCUted cour.terpartS,Copies or reproduChons ol
<br /> Ihls Deed of Trust es e financing statement. Truslur shall relmburse Lender�a e�l expenses Incurred In per�ectinq or continu�nq this securlry
<br /> �nterest. Upon default.Trustor shall assemble the Perso�al Property fn e manner and al a place reasan8b�y convenlent to Trustor und Lender
<br /> and mako it eva�lab�e to Lender witt�ln three(3)d3y5 flRe�recefpt of wrilten demand hom Lender.
<br /> Addtesxs. The mading addresses of Truslor (debtoi) and Lender (sec!tred party), fram wh�Ch Information conCernfng the seCUrity infdrest
<br /> flranted by this Deed of Trust may be oblained(e�ch as requlrecf by the Uniform Gammorcial Code),are es stated on the first pegA at tMs Deed
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