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<br /> .f: DEED OF 7'RU�T G� � :f�i= ..�
<br /> _ � .:-s�' .� Oa-05-f939 (Contbtttet� I � ''���� =s.- �;:
<br /> =- - �� �� loan No 859t69 � _ _"
<br /> . �� Q.S f'•!'
<br /> 4 .,� {�i•
<br /> �`<.�: Rtght To ContESl. Tn�star may wimtiold paYmert ot enY fax.a�e^L or cfaim in connecdon wlth a gaod taIth dis�ute Tnr�Or sAeO v�rdMn
<br /> F.� ��� to paY.so long as Lenders interest in tAa ProD�Y��leQP� It a Oen a�oc is 5te0 as a resW1 of nonpayma�d. _ t . '
<br /> 6fteen(1S7�Yg after the�en a�ses a,ff a Ban is fited.wlWn fifteen(tb�daYs after Sntstor has natke ot tf�e fling,sec�ue the m�in en ,_
<br /> �,:r,•z� . �gn,��t e 4��d bY L e n d�.d e D�w i t h L e n d�c a S t►o r a stdf�eM caPorate smeh►band or othe►s�cwitY�
<br /> -.'� �• amourtt S�dEderd t��SB the Gen pius anS►�end attomaY�f�s or atAer ct�as9es fhat coWd acaue as a r e s u t t a t a t o r e d o s u r e o r s e l e ; _?:t . _
<br /> -"�'�• ; � unQet fhs Oea ln ac►Y contesR Tnsto�shall Qefend itseU and Lender and ShaD saUsN anY adverse ludSmerd betore e�oroement agair�st tne - �`;•'y.:�
<br />--'�; `,,.i ProPerh. Trustar shaU name LenQer as an aE�Sortei ob�gea un�enY Suretf►�and Uurdshed in fhe ea�+�est proaeedm9s. : -
<br /> � `' • Tnatar sha�upon de�nand fianlsh to Lendet�dnry sv[dence af payment o!the t�ar a�ssmerds and stiali < '
<br /> • z=- A Etl�4tP8ya�. '=
<br /> i_.':`; .: .. - ` euthoriaa the aPAroP�9ovemrc�rdal offtdel to deilv�to LeMer at eny 6me a wiftten s�tsment of tAe t�ms and���� �, -
<br /> U 7.. i .
<br /> �4 .. __ � ProPmlY• wack is commenced.a:ry servtoes are t�unished.ar anJt ''•L`
<br /> � , r_.-�s--_
<br /> � � .,y�G � KoBee of�ruttlOn.Tnutor ShaU nof�yLenda ai teast fi�en It�Qays before erry 4 ,.� .
<br /> �a�e sWOded to the Prop�ly�Ef a�Y meehaNds Her►,mateuiatmeNs Ren.or oth�Oen cautd be asserted cn socou�rt of tNe wcrB. ,7-,
<br /> - � - - ~-� se�vices.a mafa�ats. Tnbta vn'�upan request of LenQ�fluntsh to Lender advanea assuranoes��N to LeMez tl�et Trustor�an end wID ,:'s``
<br /> PaY fhe cost of such(mProveme�s.
<br /> �;` . � pEipPFjiT1f OAedAGE ravt�ons teteting to i�surie9 the ProPeR1►e�e a part ot thfs Deed af Tn�l. z �_? �;;� �.
<br /> II+iStaiAtlCE The fo�owin9 p •
<br /> ��� � �sm�ce of fismr�. Tnasfnr shatl proc�ue an0 rt�ah�ln p�af frce i�uanoa wHh siandard e�Qended caveia9e endarseme�ds on a " . :� 4 :
<br /> �.��,: . � - replatement basis Por the tuU tnsmahle vatue covering aA Improvements on the Reai PropeRy tn an amourd sutH�eM to avotd appl�on ot eny ,.•. .;'f� Yf�..
<br /> "' ` "� coirtsuraroe dause.and with a standard raatga9��e b tavor of Lender. Tn�stor slmll a�o P�and mai�eomArehensive 8erteral t .; '.
<br /> �_
<br /> ��>= - 'x RabalY t�u�aance in sucb covera98 amounts as Lender may reci�t weh trusbee and Len 0�t n ttm�ad to ha�ard.Ousiness h�6�rrupflaa.end F ;
<br /> g `. . � it�u�r,wOoIIeles. J1dds�arteiN.Trt�stoo sha0 tne4datn sUd►o�er����9 < -_
<br /> . _ ,+. ` boIIer(nsuanee.as LenGer may resisonably re4u�. Pcodes shetl be wMlen in fann.amoucds.covereSes and basis seasonebSY�m ��� �. _::_
<br /> re s� ���� T��n request of Lende,w➢I defive►to LenO�r irom
<br /> � �• Lend�en0 issued bY a comPenY ar comPenies�asonab►Y�D� induNtt9 s6DtdattOns d�at c8vere8es vr�aot be can0�ed or <` f � '-
<br /> ,i. . tima to fime the Po�s��ot insurance in fartn s�f�tu Leader.
<br /> �2,. � _f dm(nisl+ea wifhhout at teast ten(10)days Dda w�tEan nn6oe to Lender. Each insurance Ooucf►also shaU include an endasemenl praN�nB tl�1 ��-�
<br /> sha
<br /> � �... in tavor of Lender ww not Oe impehed in arry way by enY ed.omts�on ar detautt of Tnstar or arry ott�P�soa�ShaW�� ?� ;
<br />_�:` _ , '� �y�et an11�e b�otne to�Led In en er�d�i9nated bY the Otrector at the Federel Emergetuy ManaBement AgertcY I . .:_
<br /> :'3'.: ` ' ''� ` ha�rd acea,Tnstor e9rees to obtain and mamtalo Fed�al Rood tnswance tar tlie tW unpaid prtndDal6alance otttta tasn.uP ta 8te mm�rnwn �
<br /> �t• � . z� ;. or es otherwise re4uUed by l.ender.and to maic�h�sueA insurance tor tlie term of 'µ.";. .
<br /> � ppG�y timils set under the Natlonai Ftood t�urance Program. :c�'�:r'�
<br /> ..�:�Y . ., N T ��:•.s�
<br /> the toan. LenQer maY rrtatre Proof of t�s H nstot a Y
<br /> �� ppyW�tlon ot Proceeds.Tnstor shaU promPSll noMY lender of arry Iass or damaSe to the ProPertY• �
<br /> � �..-
<br /> �'-�-�.. �..'..� �;-.;, fads to do so witNn fifteen(t�daYs ot tlse eesua�Y. Whethe,r cr not 1.enQers�ilf►is�mVahed.Lender maY.at 8s etec6an.recetve an�retain
<br /> � {..'� ., ftre P*aceeds of enY Ins�usrtee end eOPh/�P��t0 fh9 teductlon ot the Utd�tedness.paYme�d at efi►Ren affecNa9 the ProPeM•a►�e ,;.,,:K;--..�•'�t
<br /> ��`� �. .. :� resto�pn an d�e p a u o f t h e R o p e A y. {I l e�t d e r e t e d s t o a p p N�e P�to restoration and wpair.Ttustor sfiaD teyah'or�eA�� �,.ti;..
<br /> .. damaged or destrolled�mP�oveMet�ls in a martrter salafadcry to LendeJ. lenQ�shaU.Wcn s a f�t a c tmll Pro a t o f s u e h a�e n d i U u e.D a 1 l o� ,
<br /> � ' for the�easonabfe cos!of reDair m resto�tion it TNStor is not in defauA und$r 11�Oeed of TrusL A�ry �y'F --
<br /> . ; reimbwse Tiustor tirom the prooe� - �
<br /> • � � .�_^(..'� P�whfeh Aave rtot been cUs�ursed wRNn 180 days aft�the�r reoeipi end which Lend�r has not cortm�ted to��artd the��n� , `�'�
<br /> ;: `.;j'. . ;. :t: ttie PrvD�h�be�sed first to paY e!►Y emoimt owing to Lender under th�Oeed of Tnst.then to Oay aoaue0 in�Mdeb�.sucA '. `;.--�.
<br /> ertft.shaD be eppQed ta the prtndpa�baiance uf t�e Mde6tedness. If Lend�AatOs enY D��� =✓ a` �=�.
<br /> . • . . I'T procaed�Sfisti be pffid to Tmsto►as Tnsta�'s fnterests maY eAPear• -.r f`-
<br /> . <•' . . � �tnsuranee ffi 3eie.AnY une�hed Msuraaoe shs111nure tu the benefil ot,and Vass to.the purchaser ot Ute ProDeAY C�►e+ed by thb . �.;,�:-�•
<br /> � 4��• ' Sh
<br /> I -'�T ` Q�otTnsi at enY tru�e s sala or oUeersete held under the provisions ot tlils Oeed of Tn�st.m at anY toredosure sate of sucA ProD�Y• , ,�',a�_;;:
<br /> � ._• .f �,.Y '_
<br /> �.�,<.. CC�ce t�BGSdn9 indeb4e�►ess.Cwin9 the pe�od in wnich arry E�1ing tndabteQrtess desaiDed betow is in eN�1.comp0ame w� _ .�'
<br />'=�?'+t; ._ ' the insurance P�i�ons eo�ained N the irtshumer►t evldendnp sucA Existin9lnQebteQne�stiaU constitute eomA�ar�oe wdA the Insiaa� . .-,
<br /> s
<br /> �_';�r �°4 provLs�ona unQe►this Deed of Trus�.b ihe e�dent eomp0anee with tha tertns of this Deed of Tnst wo�dd cor�4iule a dt�Uc�an or U�aa� .
<br /> •, Y� i1;
<br /> <,,z . . - reQ�L �t enY VroceeOs fram fhe tr��uanee beeame paSiebts oe lass.the Orovl�or�in tt�La Deed of Tn�st fo►dviston af praoeeds st�aD r ;;
<br /> � ��; , aODtY a�ll�ihat paAlon of the proeeeds naf peyabte fi the ho►der of the E�dsNn9 Indebtedrtess. :�;:? '.:
<br /> _�u;� • : . r
<br /> Tn�sGor'e ReDoA oa Imm�ranoe• UDon reQuest of Lender.hawever nat more tAan onee a year.Tn�stor sha0 fwNsh to Lender a r�aA on each ' ;
<br /> �...,,. � ' �g poGCy►of insur8no9 showin� le)tAe name of the dtsurer, N)the�cs insured; (C)fts9 ama�ml of Hte O�Y• (d)�DroPe�N�s�aeA. ., (.: •-
<br /> �� •;. � ;r th0 then ceurenl repfacemer�vatue ot such DmOertY.and the manner ef detemdto�lender deter�mi e the�cash v�ue rep�taoertretd eost� s`: '
<br /> .-�r.:j..: � :,.:1 Trtst�or sAafl.Wcn request ot lender.have an indepenQent eppratser sati�all • ;• ..�',. ;,
<br /> . � Ptopettft. 1`�
<br /> �:� . °' (t Tnistor fads to comatY rAtA a°1I Provt�ion of Ws Deed ot Tn�s1.indu�rt9 enY cbfrga9on to matrttaln E�;6�9 :'- + � ���
<br /> E�P�ID1TURES BY LF.[�IDEN.
<br /> � ` r,1 lndebt9Qrt�ssin g0od standtn9 as requtred belaw.or M arry ectlCn or P� �fce ar9iy edton tha1�lenderwdeems ap�pro�p�. Anf►emo�� n +
<br /> t.:`,. � prpp�ty.Lender On Tn�stors benaB may,bul stiall not be requtred to,
<br /> . .-�':^-� e�ends En 50 6dn9 vu�Eear interest at ttsa ral9 pcovidsd tot in fhe Not9 Bom the date incurtea or paid Ey LBnOer to N9 dat9 af t6A8YmB�tiY .. • I
<br /> Tnistm.AO su�e�ens�.af LenQ�'s o0¢��U (a)be paYabte on demand. (b)be added to 1he batance ot t1►8 Note and be apparltoned emong • .�
<br /> ;��i(`-• . .. _ '. , and be payaWa witt�anY i�e�paymertls to became dua during eithar Q)the�ertn of an!►aOP�bie ir�ureneB Dottc.Y a C�1l�e remai�9� .,�. _,"�,:.
<br /> �•; ` `'•, of the Not�a (c)be treated as a b�Boon paY�rA whkh vnU be due and paYabie at the Natss mat�MtY. �h►5 O�d M Tnist aR�o w0 sec�re
<br /> . ..: 4.:�-;.. .
<br /> � =�� . , , , payment o!tt�ese amou�.The rights provtded fa in this paragrapn snaU�e m adQi9on to anY at�er rtgt+b w eiry rertie�ss to whtch Lender may be .
<br /> `� � erti8ed on aoeount of ths defauH. Arry such acBan by Lender st�aU not Ce eonshued as evdn9 the defa�dl so as ta bar LenAer trom anlr wmadY tfial
<br /> �``�� �•r it othetvA".�e wouid hav0 had . ._
<br /> , �,.
<br /> ��ar;:`.,� .. WARRAdiiNt OffENSE OF TI?1F. Tlie bitowing Provisions retatlag to ownershiD cf the PropeM ere e PaA oi tK�s Deed ol7rusL • ,
<br /> '� TiBe. inista v�a�ranb thal: (a)Trustor hotds gaad and marketabt�tiUe of record to tRe Pcopwry In tee stmDte.tr+�and dear of a0 f�e�and
<br /> � ;�'�:
<br /> i.�:.�; , enCUmDrartc�ather than those set fOAh In the Reel PropBrty QescdDUon a in tlie E�dSt�g Ind�tedness sedtcn A�aw or in e�ry tiS9l��e�e ::
<br /> poUey,ti�e repo�.or Rnal tiVe opinlon issued in favor of,and aocepte0 by,Lsede►In eonnectlon with thts D�d olTrusl,and (b)Tn�stor has fhe . . -.
<br /> � rym �Po,,,�er.ar,0 autRpr�ry to execute eed del'iver this Oeed of Trust to Lander.
<br /> ��,',�`.'' ' pg�e pt TfUe, Subject to th�exoeAtlon in the P�9�Dh ebove.Trustp►warranb and wiU foreYer defend the titte to the PrOpeAY e�lnsl U►e . .
<br /> tj , ,
<br /> tawtuf daims of etl DBrsons. In th9 evenl arsy acUon ar procee�ing Is commenoed 11�a1 questlorts Tnutof9 titt0 or th9 Interesi of Truste9 or
<br /> Lendat under this Qeed ot Tnnt.Trustar sha0 defend the BeUOn at Trusto{q��g. Trustor may be the nominal DarN��Sueh prac98ding•bu! .
<br /> . ,'��,�,, . Lender sAall be e�title�to Oa�c�Oa�de��d,to l.e�nderd�sueh lratrumen�es Le detlmay requ�hom tl e o tlme'o perm�uc ParBdPa��a��d � .
<br /> ;�.-.,;.;. . : � Trustu wiU de1►ver.or eause o
<br /> A` � .� Cea�pPenee YAtA Latya Trustor warrants lhat the PropertY an0 7rustars uss ot irie Prapetly comDOes vAth aD e�n9 eDa�!e�aws,
<br /> ��:";•: prdirten�es,and regutaUOns ot govemmental authortti6s.
<br /> . .� Df{STIlli3 INdEBTEDNESS. The totla�ng provts�ons tanceming�1ing indeLtedness fthe�dsUng Indebtedness�ere&Darl of Ws Qeed of
<br /> 8T
<br /> ' � Tfu51. . .
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<br /> �.,�. • "�1 Eitstinp�Ien. The�en of ihls Deed o1 Triat seauing t�e�ndebteCness ma�!be setondary and Inisrlor to an exis�n9 Gen. Trustu��sssty
<br /> r covenants and agrees to pay.ar see to the payment ot,tl+e Exis�ng mdebtednes5 and to prevent any defautt on such�ndebtedness.a�ry delauft
<br /> *�,�, . ' ;
<br /> �� �`� � un�er Ine insbuments eNde�c�rtg sueh mdeDtedness.or any detau�t under any 5eeurilY Qoeuments tor SucA indebtedne59. � �
<br /> {��: .:; . _ '
<br /> �?' ': � � D@laulG If tha payment of any�nStalU+'�ent ot pnnerpe�or any�nterest on the Ex�sting InQebtedness 5 not made viitNn Me dme requ'red by the �. .
<br />-�:,=,�-`• �. . . . ! nota e+Adancing such mdebtedrtess,or s�outd a defau�i occur u�der the��Strument setunn9 SueD mdeb'.adness and�ot be cured Oud�g anY .
<br /> �;;•.;'. • � �p�p�graes peflod tDereln.then,al the op�an o}Le�der.lhe tndebtedness seeured by th2 Deed ot Trust 5►►a0 become�mmed�atery due (
<br /> '� .;- ; a�pa,�tg,and thls Oeed 01 Trusi shat be�n defaull. ment wR:cr ;
<br /> � � .� " No PdOdiftttlUon. Trusto�sna(1 �o�enter mt0 eny agr0em8M YAth thB�OI Qer o�8ny mo rt g 8 ge,deed of bust.or other securdy fl�ee �.,
<br /> ',�. � , nas oricritY�o ier�h�s,�neer.er e�q�est na�aaeGt anYefuture ad�ran�s urder e�y sucA seceunlY a9reemertt vntho[ct the PR�v�mtten co�8�1 of , ' •
<br /> ' j,�.i�;: LeisdBr. .
<br /> .�.:.' � Lander. '
<br /> • s•-�_•�'� • rr��p�jtANATIOi�l. Tne to�lo'+��n9 0'�'�orS�e�ttng to CO�demranOn D�oCeed�n95 8►B a pdrt Of tlu5 D28d of TruSL � ,.
<br /> . � -- ' If r�ll Or 9�Y�aA of tne ProDerry �5 Condemned bY e�r�nem oom�n v�U:.�i^y���� $-"��"��tf1O� i . °� , .
<br /> '�� �� Apa;lcetton of Nel PrOCeeds- w
<br /> y�•,; . , . � nt of a7 re3SOn�!e
<br /> purCIL35A in��eu Ot condBm�ho�.L6nC2r maY at it5 91BCh�n requ«0 t�at d!I or dny pOrhO�Ot thB n81 O��e�Ot ttf9 8w3�d bB epp�Ad t0 th8 � �
<br /> • tt, ind6b:?�^ess or�re�e0a�r�r rosto�ahcn o}tne PTcDB�'+ T�e r.et proceeds of tne axard s�a�mean tne awazd a�fter pay�e � .
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