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<br /> � <_ , � :; 12t48-1898 D1EED OF TRUST g9 1��`�3 �g8 3 ;��:: F�` t,:�
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<br /> C.; under the Ilen. h�any cordest.Ttustar shell defen�its�and Lender artd shaD s�ty anfl edverse lud8ment betoca eMorcemenf agalnst the `': .
<br /> ti-: � 'e` �Pe�h/•T�ttsDor stmll name LenQer 85 en ad�tionaf ob9See under enY surelY bond tumtshed in the conEast prooeatDn9s.
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<br /> - E1Rdence of P&ymeRL Tnutos shall oDon damand Gunish to Lender�tlsfactory evldence of payment of the�ur esse�nents and shali t,, r �S"
<br /> -:;c``:. •r-'��`. aufAmi�the aAPro�rla�Sovemme�l of8e�t to deUver to lertder at any►time a wrHten sffit�meat of the fmo�and ess�smeMs a�gai�t the .�;. � �-.�-.;.�.
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<br /> °�,h,. . , . [IOUee ot Consbttetfon. TrusDOt shsU notE(y Lender et teast fifteen(15j days betore anY work Is eommenoed.anf►�rvtoas are fumisAed or afry ,:. .. . -.. .
<br /> ; <:.. �ere suppUed to the Propery.it arry m�hanlBs de0. maferiaimen's pen.or other Qen co�Ad he assertetl on aocour�t of the wa�k, ' .
<br /> �:_ ', - � r� sasvloes.as me�tels•Trustor uum upon requ�t of Lender twnish to Lender aQvance assivances satisisdory to Lender that Tnistu ca�end vnU �
<br /> k : _�� ` pa!►tt�t�t of BtJCh Improveme�s. � �
<br /> �. ^°'T�- PROPBiiY OAlAAtiE INSUitAEt'CE.The foQowing provisioms re�dn9 to irsuring the PropertY ers a patt ot WS Deed ot Trust. *,`i rr�
<br />.�a• ` L�; �;'`� Mefit�tCe oi tns�aanea.Tn�stor stm11 Prowre end rtmh�in PcQdss ot 8re tnsuranoe wifh slandard extended covere9e ertda�semerds On e u,� ,.��- u"
<br /> �<: -. -' �° replawmmd ba�s for the tuU Insurabfe value coverin9 all Impravemerrts on ths Reel ProDerty tn an amoimt su(Aderd to avoid aDDBCaNan af anY ,-� �
<br /> �'��- " catns�uanee dau5e.end w(th a standard mor�S�e dause U+favor ot LenQer.to9efhet witA sucA other fm�ard end ItaO�,ty irg�nartw as ler�er �„ �i
<br /> � � _' � `,.j: may reasoneb{y requi�a, Pollctes shaA be wrHten in tartn.amDtmts.cav�Ses az+d besis teaso+Tabh eceePtab[e to lendet end issued by e ' "� �. : i
<br />:,���.c •� :.-_� cpmpatty ot comyardes teasonabN ebeeDtabte to Lender. Tnstar,upon request of lender.wID Qeliver to Lender trom tlme to 9me fhe poUdes „
<br /> '�: r `:=;, ar c e r 6�c s t a o f i n s t a e n c e i n t e rt e s a 1�a e t o r Y W L e n d e s.(n d t t�n g s N p 1 A e l ians U�at c o v e r a 8 e a wID no!Q9 ca�tce0ed ar dimitl}Shed wiltwut et �.i..;. . <<,...
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<br /> .. - .` Ieast ten(70�dayr.�pdor wrttlen noUce to lender. EacA insurarue DoW.y also ShaII indude an endmsert�rd providing thffi coveBBe fi favar o f �,,•:., ;::�... r:`
<br /> ; °. ; � �i=, Ler�sr wID not be impeBed in arry way bY enY acl.amissian or dafau4t ot Trustor ar eaY otl�ar Derson. Should the Real Prope�lY at anY 6me �. r.
<br /> �� 6eeome looated M en atea de��sated by the 0�ot the Federal EmeBet�cN Man89ement a9encf►as a SP�aI ftood h8�rd 8te H� f r : '�
<br /> ,..�.: � . � , f :: a g r e e s to obtatn and matMain Federal Fload Insursnca tor tl�e tun�nP�d P��Da►balartoe of Ihe toan.uP to the mmdmum po►icY = ,
<br /> �' � -� unQer ihe Nattanal Flaad tnsuranee Progrem.ot aa o t h e rv v t s e re4u l r e d by L e n d e r.a n d t o m a M t a l n s u c h i n s u r a n o e f a r tl u e t e r m o f t h e t o a n. � - .
<br /> '��;:�,° ' � A p pticaUon M Praceeda 7mstor shell Promp1N rtotHY Lendr of eaf�loss or dama88 W the ProPeRY• Lender may make proof of loss ff Trustor �';��� ��i�
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<br /> � r: .. ; (alts to da so wiMin fiRean(1Jy CaY$of the c�mllY. Whemer or not I.e n d e�s s e c u r i y l i s i m p a h�e d.l.g n d e r m a y.a t f t s e t e c B o n,�e t v e a n d�I e in C,`�
<br /> �; the praeeeds of any IrGSUranee and aPD�Y the proeeeds to the redudton of the Inde4tedness,PaY�M�a�!►0er�afteetlng the Propetty4 or fhe
<br /> � �� restor+a�on and iepair ot the Property. It Lender eleds to eOPfy the praeeeds to restoratlon and repalr,Tn�stor shail repair or replaw 1he �`x�r�
<br /> " damaged ot destoyed Impravemer�s in a manner sa�sfactorf►to LenQer. Lender shatl,upon safl�actory Oroaf of su�fi expendtture.PaY o� :
<br /> :;� . .� �:�"'i reimburse Tnistor irom the proceads for!he reasonabte caat of repalr or restoraUan H Tnutor Is not tn defauR und�Ws DeeO of Trust AnY •�_ • .
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<br />_ v '-_•:. pr,pcged,q which t�ave not been disbursed wNhin 180 days after their receipt end whtch L.ender Aes not commMG9d to the repa6r or restoraHon of t�o
<br />- i-� ,.. ��`.``�� U�e Froperry shaD be used flrst to AaY enY amour�awing to Lender urader this Oeed of TnaR then to D8Y�ad i�f,and the�emainder.H �r,._ .•,� �,::.s;_
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<br /> � ., � e►ry.sha116e apPQed to the P��dP�batance of U�e Indebtedness. If Lend�hotds arry D�eeds efter payme�tn fuD of the IndebTedness.sud� { �� _
<br /> 1 .. proceeds sAaO de pa�d to 7n�tor as Tn�tors i�aresls may ePDear• .Y � -
<br /> :.�f: � �,;` ��' �' Unelryhed Inautense at Sate. My une�ited Ir�surenw Shell tnure to the bertefil Of,end pass tq the puahaset Ot tlt9 PiroDerty COV9red bl►thb ^:,s � r.'�
<br /> �s ' , ,;_ D e e d o f T r w t 8 t s t ry k u s t a e's s a 1 8 a r o f h e r s a i e A e t d u n Q e r i h e p ro v t s t o n s o t t h t s D e e d o f T t u s t.or at en y foredosttre ssTe ot Such PropeAy. ..q, ,`,'i
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<br /> .: Cempfimrce wtth F]dsQ�tg tnttebtedness. During the pedoC in whtch aell E�tln91ndebtadness desaibed befaw is in eftecl,compQance with
<br /> the insurance proulsions eordained in the instrurtse�evtdencing such EatsUng Ind�tedn�s shaU consSdrta eampUance wfth the ins�aaace ` �i�n�'�
<br /> t�`� proulsions urtder 1Ns Deed ot Tnis1.b ihe mQeM comP►tanee with the ferms ot lhis Oeed of Trust woutd constltute a duD�ca9on at ir�ura�ue �.
<br /> ` requtremerA, f!arry praoeeds irom the tnsuranpe Eocome DaN��e on tass.Me provtslans in this Oeed ot Tnist fcr�an ot praoee�shaU
<br /> •"� :� f, epDiy on{y to that porHon of trte pmceeds not paya0le to the hotder ot 1he E�dstln9 InQebtedness. +�"�.�':
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<br /> � �� TAX AND INStlfiAt�tCE RESERYES. SubJeet to any Iimifallons set by ePpOcaDle law.lenQsr may requtra Tnistor to maintain wiib Lender reserves �,t��f•.
<br /> 3 i �� , � tar Da7lmen!of annual fa�o�.assessments,and insurance premtums.which�eserves sha116s ereated by advance Pal►ment or morrthty Vaymerds of a r �:, ^
<br /> ���:;` '-' sum e.atimated by Lender to be suffldeM to produce amaurtb at teast equal to the tmms.assessmerds.and insurance premfums W be pald. The -_
<br /> ',�a� . . � whtch Lender may satlsN bY O�Y�fenl ot tha texes.a�nerMs.end "
<br /> �esarve funds shatl be held by Lender as a geneiai deposit from Trustor,
<br /> �`� tr�surance Premiums reqnUed to ba peid by Trwtor as t1feY become dua. Lender sha11 have the rigM to draw upon the reserve iunEs to paY suoh .� ? �
<br /> �..:.�. items,and Lender shell aot be requh'a�to detertnine the valtdily or acouracf►cf snyr item betote psying N. Nothing in the Oeed of Tnist she0 be
<br /> � " ' consWed es requtrtng Lender to advance other moNes fot such purposes,and Lender shell not incur any Aabifiry for anything ft may do ar omit to , .(
<br /> � � . do wftA respect to the reserve accoanL Subject to any Iimftadons set by eppOcabie Iaw.H tha teserve tunds disdase e sho�ffiS9 ct defld�nCy.7nmtor
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<br /> �,..,:,. . ' ;.•:��f shett pay sucn shoAage or deflcbency►as required by Lender. All emaunts M the resenre accourn are hereby pfedged to fuRher secu�e the '.s . . „.,.4-,:
<br /> .: s {" tndabtedness.and Lender b hereby authorized to wilhdraw and appry such amou►ds on fhe Indebtedaess upon the occurtence af an Event of �;:_,,
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<br /> �j1 �� ; OetauiL Lender shatl not De[equtred to pay arry inter�t or eamings on the resenre funds untess required by Iaw or agresd to by Lendet in wriBng. :w
<br /> ��+ •� • Lender Qoes nol hotC the reserve tunds in trust for Tnistor,and F.ender is not Tnutars agerd for payme�of the�as and asse4smerts�eqt�6'ed to } .
<br /> � b e p a l d b y T n R t o t. '
<br /> p�pp�p�g gy�f�pE�, tt Tn�sior fatls to compry wiU►arry provision ot ihis Deed of Trust,inciuding any ob118aUon to meiriffih�Exlstln9 ,_f R
<br /> �� Indebtedness in goad standing es requhed belaw,a it any acHon ar proeeeding Is commenoed that wouid mateAatty eNec1 LenQers h�teresls i�the
<br /> .• ;,}.i�.`_,.� . Ptoperly.Lender on Trustofs behaH maY,buf she0 not be requhed W.take arry actton thal Lender deems apDrop+iate. AnY�moun�that lertQer ��
<br /> �, expends in so dotrtg wiil bear interest at the rate provtded for in the Note from the Qate incurred or pald by Lender to the date ot reOaYmerA bl►
<br />. ,��.; �� Tn�atar. A!1 suc h e�enses,a t L e n d e r s o 0 n a�•W i n (a)b e p a y a b l e o n d e m an0, (b y be added to the balance of!he Note and be appo�lonea among .7 -
<br /> and be payabte with ar►y i r�s t a t tmen t payme�s t o b e c o m e d u e d u r i n g e U h e r p)t h e t erm oi an y a p ptica6le i�urarwa Do�Y or pq th9 r6melning tertn �., ,_.t; .,;; ,
<br /> ,S�{'� �; �.�...�� of Ihe Note,or (o)be treatad as e balioon Daflmen!wh�b wW be due anA payabte at the Notes maturity. TNS Ceed ot Ttust atso vNl secure _
<br /> '� payment ot ihese amoun1s.The rigdb proNQed for In tMS paraBraPh shaii be in ad0i�un to arry other righb or a�ry remedfes to whict►I.anQet may be
<br /> . `',; � enUUed on aCCOUnt of ihB CBfauIL My sucq action by lander shatl not be consbved es euring ihe defaNt so as to bar Lende►from erry remedY Uiat . ,.
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<br />-'.�:':: . .,. � '_ it olhenMSe would haVB had.
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<br /> F1���� � . '�"•i yypppqMTY;p�EfJ8E OF TITLE The following Dravlsions retattng to ovmershiA ot the Property are a part o}thls Oeed ot Tn�st.
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<br /> a Tillg, Trustor warrants thah (a)7rustor hotds goad end marke�b�e 61te of record to the Property In(ee simpte.hee and clear of aU Uens and ,.
<br /> :,�.,•�„ . • . �
<br /> ;��;�=•�� "". , eneumbrances other thar►those se/forth In the Real P►operhr desaipUon er In ihe 60sUng Indebtedness secdan below or In a►ry�tfe inswanee
<br /> �.4`, ':. pWicy,titfe repoA,or Ma1 tiU�opinlon Issued in}avor of.and accepted by,Lender In connecfion vr(th this Oeed ot Tnrst,and (b?Trwtor has the `
<br /> `��'�` ' tNl�Ight,power,and authorNy toaxecute and deliver this Deed ol Trust to Lender.
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<br /> •¢�•;.� , � • ' pe{gn88 pf Tltte, SubJect to the excepUon ln thg pata9raph 8bove,Tntstor warranb and wlll}orever Cefend the 6U9 to the ProDeKY fl9���he
<br /> �'� '. { � Iawful clalms ot ell persons. in the event arry actton or proceeding Is commenced that quesUOns Trustors titie or t�e interest o!Tn�stee or �,.
<br /> ° �� �' ' Lender under thls Oeed of Trusl.Trustor shall detend the acNOn at Trustors expense. Trustor may be the nOmtnal party In such proCeeding,but �
<br /> "�p��'� � � '• Lender shatl be enHtled to paAiclpate In the proceeding and to be represented in the pror,eeding by Counset of lender's own cholCe,and
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<br /> .#.� ;:3 ;�r Tcustor vilil deliver,or eause to De dellvered,to Lender such Inshumenls as Lender mey request fiom dma to Ume lo permit such partidpation.
<br /> ::�`�„?.: . COmpflenee t'lllttf Lewe. Trustor wertanb that the Propertyr and Trustors use of the Property compiles wlSh a11 exlsUn9 epPlicabt9 tews,
<br /> "� `�` � ` ordinenees,and regutaUons of governmental authodtles. �
<br /> ��'"�'!�' � ' i EX1941Np iN0E8TE0P1ESS. The toitowing provisicns concerning existing Indebtedness(the'Exlsting Indebtedness�are e part o1 this Oeea ot -
<br /> :�;;;� ' Trust
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<br /> '`s� ,• � • Exlsting Llen. The lien ol this Deed o}Trust sacudng the Indobtedness mey be secondary end intedor to an ebsting Ilen. Trustor e�ressy
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<br /> w ' covenants end agraes to pay,or see to ihe payment of,the Existing Indebtedness and to prevent eny defauit on such indebteQness,any detauN ,
<br /> (,p'�.: •
<br /> + , 1 under tha instrumen t v e v i denc ing such Indebtedness,cr any defautt under any secudty dxuments tor such Indebtedness.
<br /> ��-.;;; ' • Oefault. I}the payment oi any Instellment of prinGpa�or any interesl on ihe Facisting Indebtedness Is not made within the Ume requtred by the � .:
<br /> ._�.�•.;�_, . note evidencing such indebtedness,or shoutd e defauH oecut under the Instrument secudng such indebtedness end not 6e cured during any
<br /> F..�;�� � - � app�tcabfe grace pedod thereln,then,at the option ot lender,the Indebtedness secured by this Deed of Trust Sheil become Immedlatety due
<br /> ?��;;;:' ' and payable,end this Oeed of Trust sha0 he in defeuN. � �
<br /> "`'• ''� � � � NO MoAifieatlon. Trustor shall not enter into any agrsement with the hotder ot any moAgage,deed ot hus�,or other security flgreement which ,,
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<br /> ;f., ; • � has p�oNty over this Deed of Trust by which that agreement is modified,amended,extended,or renewed witfiout the prlor vrritten eonsent ot , •
<br /> ;;�:�,..- � � Lender. Trustor shall neithpr request nor aCCep t any fu ture a dv e n c e s under an y suCh ssCUdty agteement without the prior writfen eanSent ot
<br /> ��:'�. . � Lender. ' .
<br /> ;..j„-;�':. CON�EMNATtON. The tollowmg provisions relaUng to condemnation proceedings are a part ot ihis Deed of Trust.
<br /> �- - _ - . ApPiication of Net Proceeds. ir aii or arry Pa�� tm�?rc�,e�Yr �s car.Cers::...3 b,°^:!•^•°n! dnmgm nrricaadings or by em CrOCeedinp or .
<br /> y��. _ purchase in lieu of condemnation,Lender mey at ds elecflon require Ihat all ar eny portion of 1he net proceeds o}the award be applied to the i
<br /> :;"i � Indebtedness or the repair or restoralion of ihe Property. The net proceeds of the award Sha��mean the award after payment ol all reasonabie
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