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<br /> , � E1r[de�tee oi PSymet�f. Tn�stw sl�afl upon Qemaisd it�sh to leader se�sfs�ory eNdena at payment ot Me t�s or esss�rt�enls and shall � �.? Y�
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<br /> -.` s' authori�tt►e approprl�e Bo�merd0l of8cial to d�i+rar to i.ender a!enY ttrre a wdtten slateme�ot thB�oes end a�smen's a9e�r�Ihe , 2` ^>s., .
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<br /> � ' � `... a. .:__.',. [dOS�Ot Cor�O».Tnt�or St�aD notltY Lender at t9ast fifteen(1�daYs before arry wak is commenaed.anY servloes ere furrdshed.ar enY ` c .._.:
<br />_,r--- . ;•r "' rtlBfedNS 6[e SUAD��t0 tf18 PlOp6T�y.if e!ry m�8td88 OB11.me�18li�!@lt'8 fie�1,m othet Itsen�oNd be asser�d on account of the worlc. • ;�•'.,�-:
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<br /> .. .�., �' s�vtws.ar rttffieAa�. 7mstor w10 upon tequest of Len�r hunish to Lsndet advance assutances satlsla�Eory to Lendar U+�t Tnsta can snd wi� L t . _f ..
<br /> � .. r `� pay 1he cost of sucfi bnArovemerds. �• `7
<br /> .�, s:. PRO�TY DQ�AGE I�ICE.ihs toilawirtg Orovi�c�re�a��8 t9 ir�ming the PiraAedY are a PaA�t th�Ceed ot Tnist � ` '
<br /> #�. ` ` � �� �nanee of tnsuranee. Tn�st+e0 pracure and maU�ffiin Pc6qes of ftra Insurarece wnn standard extenQed wvere8e endorsemems on a }t �
<br /> ----"`'- ' replacemern basb for the t�Insurabte vatue eovaring eA ImpravartwnL9 on the Reat PropedY In an amount sufNder�!W avoid aOPBcaHOn cl enY �_ � < <
<br />__ 4,,.� ,� �.'..� �r eafnstuence datae.and wNh 8 standard mOrtgagee d8use in favar of Lertder.togslher w(th sucA ather he�d ead Qab�itS►iis�aance ea Lender .`°` _ -
<br /> �.,, maY�eaSO n a b N�e 4 u i r e. A o t l d e s s h a D b e w r i i f e n i n f o r m.emo u r�.�o�r a 9 e 9 and basls reasonebty aa�P�te to Lertder end issued by a i
<br /> ' : `:.:� �mD�Y��m P�c e a s�n t�N e�b t e t o L e n d e r. T n u t o r,a P oo r e Q u¢�ot Len�er�will deliuer to LenQer from tlme W ttm�t h e p d i c t e s `� �. � 1 ._.
<br /> �� +' '•Y`' •..�.t or certlRc�s af irBwenoe In form gaIISfa�a�yr to Lender.Indudin9 stlA�lEOns that eoveBge�s wm not be carw�IIed a dindnisl�e d w i U�o u f a t . i�•_
<br /> _ �3 ,-;_ �.;�- teast ten(10)days pdor w�lten na5oe to Lender. Eech h�surare�e Oaw.Y efso shau IrtduQe an endorsement provl�ng that eovera9a in tavor of : ;. ;:.•.�
<br /> � ;� .l., L e n d e r w 1 0 n o t A 9�d t n a m r w a y b Y�Y a c l.omfsston or defa�dt ot Tnu�r ar anY auier pasoa Shoutd the R�1 Prope►N at anY ihne _ � _
<br /> Z :� ` Oecome la�ted In an er�de�gnaffid ti1►tAe Otrect�r of the Federal EmergerwY�►nent Agency as a sp e d a l floo d h a m s d e r e a.T n u t�o r .•. s� .�<. .
<br /> � e�ees to abffiin and mai[�ffiin Federal Flood Insurance far the iW unpald pMClpal balanoa cf the loan,up ta the me�dmum pdia7l Umib set r � �
<br /> �= �� ;`• unQer the Nstlonal Fioad Ir�surar►ce Program.or es oThervriss wquhed by LenQer.and to malydatn sucA in�urenee tor the term ot the toen. v ;
<br /> y�3,:.. . . . v�r'• `- -3 c. _ :
<br /> a":'. ,.� ° .�4:_� 6lppltcatton W P[oceeda Trt�tor she11 DromPnY��h LenQer ot ar+f►t�s�Eemage to the PraPedf�. t.ender maY�Froof at Iass it 7nstar t.� s c G
<br /> a,{s. - - - `-:t faQs to do so wtthin ftfteen(16�daYs at ihe casuailY• YYAether a rw!Len6et's seart(ty is 1snAetred.LenQer r�y.at ils�tton,re�ehre and re�ln - - �t-_:
<br />�:�>..: :.`'; . the prooesds ot eaY inswanoe and apphl�Proeseds to the reducCon of the Irtdebtedness.PaYment of arry Qen atfe�trt9 ihe ProPecty►.or the
<br /> s• ...
<br /> r '..�; I!Lender e(ac�to a00N�p�to restoraHon and rapaV.Trustor shail repair w�tace the �,t,-:
<br />'��y:.''. .` .., •: .� r�torattan and repaJr ot Ure PtopeRS►. mof of such mcpeeditu�e.PeY c� - :�
<br /> --,f, - � damageA or destroYad�mDrovemarrts in a matuier sattstactoN to tsnQer. lender sheD.uDon se�iadary p .,
<br />'�:-�f•�: _ . . �;x.;�� reimb�nse Trustor trom the prooeeds for 1he wasonabte cost ot repah or wstoratian H Tn�star is not hs defauit under thls Oaed ai Tntst Anf►. ��-.L•..., : :-�-
<br /> �: procaeQs which have not 6esn d�sbtused w(it�in 18D Qays aAer theU re�pt and whtch LenQer has not cammt8ed ta the repetr ar r�toratlon of 4 y, f
<br /> ��.":� ` the FroDerlS►shaD be used thst to PaY efi►amount awtng to Lender unQer thts DeeG of Tn�st,then to pay aarued interest.and the ramatr�der.H •.,-- ,
<br /> } � rd in fufi ot the Indebtedrtess.such +�F
<br /> �,..' � �� enY.shaU be appned to fha pAndpal balenoe W the tnd�tedness. N Lender holds erry prooeeds after Payme �:. :
<br />--e � � : prpCegds Sh80 be D�d t0 TauWr es Tnutors In�ma5►eDPear. -
<br /> , r •< Une�he01t�mu+enee 61 Sale.Ar►Y une�Ued Insunance sha0 inure to the benefi!of.end pa�s to.tAe Ourchaser ot tAe ProDerty►covered bY t� �:�o- '�:
<br /> �d��:" " ;� Qeed af Tnat at enY lnutee s sa1B or other ssle h�10 under the provtslore oT 1Ns Qeed of Tnst.a at aml fowdosure sete af such PropertSr. ;
<br />��� � . _�,.� �;pmpgeatoe with E�t9 ltlQebtednBS9. Duting the pedod Ta which enY E�stln9 Mdebtedness de5cdbed betaw Is In etfed.Compllanaa wnh •W_ ��s�
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<br /> the Insurence Dmvistors contaMed in ihe insbumern evtdendn9 such ExLstlng Indebtedness shall constituU�wmp0ance witA fie insuranw �-
<br /> ha n
<br /> � �•F� prouisior�un0er this Qeed of Tn�to the e�dent camDOance witA the tertns of thi.a Oeed of Trust woutd cons9drte a dupllcatton ot irtsurance �.. :
<br /> `� ; ` � requheme r�f. I f 8 i ry P���m the t�urance become payabta on tass.the P�ons in this Oeed of Trust for Civlslon oP pr�eeds stretl 3 ,a
<br /> '�'� - ',` sppry aNy to ttist portton ot fha procesds not pallab�e fi the holder of the Erdstlng fndetste0ness. i ��,
<br /> ��,_ �:�-
<br /> . �' : �tDiTUAES 9Y LEHDFA. H Tn�star fai�to comPly wia►eiry Pro v i s fon o t t h i s O e e d a f T m s t.h�d u G i n g a r ry a b i�t t a n M m a l c d a l n 6 d s fl n g .: ��.;
<br /> IndehteQness In gaod star�ding as re4uhed betow.or It arry eo8an or praceeding b eommenced that wou10 maffirialh►�Len�s��at Lsnder .: i.=`��;`
<br /> �';• ` . .;:. ` ' ' p�opeRy.Lender on Tnutora behelt may.bul sheU not be required to,teice any acfton that Lender deems ap0►cA �M► � .° ;s
<br /> � � �` � c e�cpends in so doing wID bear intecest at the rate provided for in the Note irom tAe dete Incurted or paid by Lender to the date ot repayment by '`' r�'��.;
<br /> Tn�stor.NI suct�e�enses.e1 Lendef�s op�on,wID (a)be payabie on demand. (b)be added to U►e belence of the Note end be appoNoned amortg �,� __
<br /> and be P�Y�te wlth erry►�r�llment paymems to become due durtng efther (n the term ot er�►eDPBcab►e inauranoe pcAcY or (�the rema�ning tetcn ; , f .
<br /> � _.� ot the Note.or (o)Oe treated es a baftoon payment wAlcb wfU be due and paflabte at ttre Notes� Th1s Deed af Trust also wAI seaure �., � x:. �
<br /> ,��:; , . ' - paymeM W these emourds.The dghb provlQed tor in this peragraph shail be In add'itlon to a[►y other Aghb or a+�l rems�es to whict�Lender maY be '^ t r_.
<br /> �= •� � • ' entlue0 on axaunt ot the defautt My such actlon by Lender sha0 not be cor�sOrued as curing the defaNt so as to 6ar Lender irom anyr remedy that :.:-.:,�,�.,_
<br /> �" �, . , ,•., �-� it othBnMse w01dd h8ve h8Q j` � `:
<br /> .:.• �'•
<br /> r� .,, ' : Wqppp}�TY;pEFF�YYSE OF TI71E.The fotlawlnp provistons retatlng to owne�sh►p ot the PropeAy ere a part of this Deed of Trusl. � :} ,
<br /> �v „ �, :S -
<br /> � ��.' TItIg. Trustor werratds thak (a)1�nisbr holds good and marketabte tide o1 record to the Propedyt in fee simpie,tree and desr ot aD Itens and ` i4 �
<br /> � '• � � enCUmbrBnces other thart those:et foAh In the Rea1 Praperty desaipUon ar N the E�dsUng Indebtedness seedon beiow or In arry title insurance T ..
<br /> � po�cy.liHe repoA.or flnal tltl9 opinton Issued In fawr of,and accepted by,�ender in conneCdon with this Daed ol Tn�sL and(b)Trustor has the E,
<br />� r .,: � i�ID dghi,P�er.and authority Eo ez�ute end QeUver ttUs OeeO of Truat to Lender. ,. �
<br /> ,�.�... . _ ,,,... ,,.: ., ._-.
<br /> '����•' ' � •` � .-�r!:•. Qefm�se of Ttite. Subject to th9�cceP9on in tl�e paragraph 8bove�TNStor werranb and wiU torever defena the t�feto tAe Propedy agah�s!the •.,i-
<br /> �r_. : � .....
<br /> . ,+ r lawhil ctaims of e11 persona In 1he everA a�1►actio^or proceeding is commenced that questlore Tnrslo�s tltlg or the Interest ot Tn�stee or ,
<br /> �� �` LenOer under this Oeed o}Tntst.Tn�star ahaU deiend tha aatlon at Tnistars exDense• Truwtcr may be the nominel perty in such procesdin9.but �
<br /> ^''.: in the proeeading end to be rePrase�ed In the proceeding by wunsel at Lenders own ehotee.and '' ' -
<br /> � tsnder shaA be enUBed to pardKdpate ' `
<br /> �.' � " Trustor w01 deliver.or causeto be delivered,to Lender suct�instruments as Lender may w4uest irom tlme to Ume to permi!sucfi parUCipetion. .:: :
<br /> ,r' . �. ,
<br /> �t.i�r. , �: . .', Com tktnee 1 Y f l A L A V r a T r u s t o r w e r r a n b that the Pto P e A f►and Tmstofe use of the Properiy compUes witb all existln9 eODQCe618 taws, ,
<br /> �. . . p :.. , .. �' �.
<br /> - otdinena�,and regulatloms ot govemmentel authorittes. - .
<br /> �5,1� .�. . '__,'-1. pnSTl�l��pp�TEDNES9, The foltowing provislons conceming e�dstlng indebtedness(the'E�d s dng tn Ca b t e dn�s'�a re e 0�o f t h b O e e d of
<br /> �..; 7nu1.
<br /> '� F�dstfig Llen. The Iien of lhis Deed ot Trust securin8lhe Indebtedness maY be secondery and interior to an ex)stlng 8en. Tn�stor e�r�sty ,
<br /> :�!`;;�'`'.•. � covenanls and a�ees to pay.or see to the payment ot,the F.�dsUng Indebtedness and to preverd ar►y defaul!on such tndebtedness,a►ry detautt
<br /> - �: � under the instrumenb eNdendng such Indebtedness.or arry detaull under arry seeurriY dceumenb for such Indebtedness. . ,
<br /> z>.: ::.: . . .
<br /> 09fAU11. It the payment of arry Instaitment af principal or arry interest on!he E�dsting Indebtedness is not made w(thln the Ume required by the
<br /> ��;.'�: � ' note evldendng suah indebteQness,or ShoNd a detault occu►under the Insaument searting such Indebtedness and not be cured dudng amr
<br /> '�'' ;� appiicabte 8race De��thereln,then,et the opUOn of Lender.the Indebtedness secured by thb Deed ot Trust shell become Immediately due
<br /> �� + '� � and payable,ana this Deed o}Trust shail be in detaulL .
<br /> -�:,...: . . .
<br /> No Modiftcffiton. Trustor shail not enter Into any agreement wlth tAe hotder o!any mortgege,deed ol trust,or other security agreement which
<br /> ��'' ha�pr iod t y ovet t h i s O e e d o f T r u s t b y wh�h that a g r e ement is modified.amended,extended,or renewed wfthoul the pdor wnHen cansenf ol . ,.
<br /> �`� • � � Lender. Tnistar shell nelther requesf nor acoept any tuture advances urtder arry such SecuriN agreement wfthouf the pdor written cOnsen t o f
<br /> �:�':=.•. �� � � Lender. •
<br /> '�' "`% � � CONDEMHATtOH.The tottowing provlsions reladng to conQemnatlon prooeedings are a part ol thb Deed of TrwH.
<br /> �r..:..:,: .. ,
<br /> AppUeatt�n ot Ke!Froceeds. It all or Lny part of ths Proporty i�Condemned b)emineM dsmaln proeeedirvas or by any proceeding or
<br /> •�;;� � p�rchase In Oeu of eondemnatlon,Lender may at its electlon require that all or ar�y po�tlon of the net ptaceeds M the award be app0ed to the
<br /> � �=,�� � Indebtedness or tho repair or restoratlon of the Property. The net proceeds af the award shall mean the award afler payment of all reesonabie
<br /> �. -� apsts,e�cpenses,and attomeys'tess Incurred by Tntstee or Lentler In connecUOn wdh the condemnatlon.
<br /> - . , • ;.� Proeeedinge. It any prooeeding in condemnallon Is filed,Trustar shall promptty nodty Lender in writing,end Trustor sheil promptty take such .
<br /> �.,,.,�'ti�, steps as may be necessary to defend the action and obtaln the award. Truslor may be the nominai partyr tn such proceeding,but Lender shall
<br /> �• • •.. . :� be enNUed to parUCipate In the proceeding end to be represented In the proceeding by counsel of lts own cholce,and Truslor will deuver or �
<br /> causs fo be deiivered to Lentler such lnsbvmenb as may be requested by ft from tlme to Bme to Darmit such participation. . � . :.-
<br /> �,r. � � n� .
<br /> � ;, ' IrJIPOSITtON OF TAXHS,FEES AND CHAAGES BY GOVERNMENTAL AtJTMOHtT1ES. The totiowing provislons releting to govemmental taxes,
<br /> .�, y.; � fees and Cherges ere a paA of this Oeed of Trusf: , .
<br /> .T`. :;._ Cuner+t Tmces,Feee and Chargea Upon request by Lender.Trustor shall a�cecute such documeMS�n addition to this Deed of Trust and taka
<br /> �,.�,.� whatever other action is requested by Lender to peAect and contlnue LendePs tlen on the Real Property. 7rustor shaU relmburse Lender for all
<br /> �� � �' laxes,as descr�bed be�ow,together with all mcpanses incurted in recordng, perfecNng or conHnuing thts Deed of Trus4. Inctuding without .
<br /> �}`;.::. IimitaGOn etl texes,tees,doCUmentary stamps,and other charges for reCOrding or registedng this Deed of Trust. �, . .
<br /> 'l ;,. � � TAx08. The following shall Constitute fexes to whieh this SeCtlon applies: (9)a spee��e t�c upon this type oi�irroci t+i Trsi�r�►.c.-+a�!a:�rY f-.-
<br /> '''�t � part of the Indebtedness secured by Ihis Daed of Trusr (b)a specific tax on Trustor whiCh Trustor is authorized or required to deduCt from
<br /> , �lpeyments on the Indebtedness secured by ih�s type o1 Desd of Trust: (c)a 1ax on this h/pe o}Deed ot Trust chargeab�e a9ainst ihe Lender or
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