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<br /> � �-� DEED O�YFtI►S'1' Page 3 �S;� ._
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<br /> 4,�d� �- - ;:T�,�t �n�a s5tesa ��:.:�..
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<br /> � � ;. fifteen(15j da}�efter ths een e�isse�s or.lt a�en is 51ed.wilhin 6fteen(16)days aft�Tnutor has no5ce of the t�ng.secure fhe d�sd�aBe of the e� '. .:.
<br /> �:-�. .. `,."•, -? pen.or H cmqu�bY Lender.deposit�rrith lender�ash cr a sutBderd eorporate surety aond ar othsr securtH s�dON to Lender in an < V�• �_ `-
<br /> — ``�-" amott�SufHderd to d�schacge the Gsn ptus enY casis and alLomaYs'tees�other d�es that cotdd acaue as a res�dt of a toredastua or sale
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<br /> �'.�,,:'t -�;'�., undet the Qen tn am►oo�TNStor SheU defenA ilseif and Lender and sAaU setlstf►anY edue�se ludgment before entaoemm�t ageirat the � : „ .
<br /> :�.:•�:�� She -
<br /> '•�;` • ,r � '`' ���` PfOpB�i. T(eStOf 8}18Q t18tI1B L8[�d8f 84 8t18dd1@0f181 Qb'�Q09 UfldBt 811y SU(!1�}!b011d f10Y115hBd ID 1h9 CO(1�83�p(OC6BdrIlgS. :.;t'..,�'•.,-...� � .
<br />_�_.�:'.:L = `. ... . '_ ' �c•:t.,�:'.i.c..�_.
<br /> —:; : .�.`�� EvtQenee of Payme�. Trustw shaU upon demand huntsh to Lertder satistactary eviCence o1 payment of the f�es or assessmerds and semfl � °—
<br />=-�t.•,-.: authoriie U�e eDProDrtate govemmentai atAdal to deUver to Lender ffi arry llme a wrHten statemerd ot the taxes and es�ssents agalnst the _ . ,,"�
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<br /> _.e�' '� `` Hoitoe of ConsbuCtlon. Tnutor shalt notily tend�r at teasl8ftaen(t5y deYs betara snY warlc B�.any SeMCes ere fumish,90.ar arry —s-. _
<br /> s7-a: -<,.. .� J,.-,.:�� mffieriat4 are supplled to the Prop�ty, if arsy machanic's 1ten.rtratariaimsn's Qsn.or ath�Uen coNd be asserted on axouM of the wak �u .. t
<br /> =�=�s- .;r: <"F'..��' < �ery(pgg,or materiats.Titator xrill upon raques!oi LenQer tumLSfi tn Lertder advanee aSSUrBnees SansfaetmY to Lender tha!Tn�stot een end wm �. s�.:^-;.:`."_
<br /> g�� ° � •� • pay tlie eost of such improvemerds. ` a �_
<br /> . . �' .� PROPFR'�Y�AERAtiE tNSUAA[�ICE The fo►lowing provisio�a�tating to ins�ain9 the Properly are a Oert of this Deed ot Tnut. ''4 '" .• m
<br /> ��_t. ;� . . .'�`` `_.•`_.: ,-_ ..
<br /> Mni�ena�oe ot[nstuance. Trustor sha11 proc�ue end malrnain po�des of fire hisurance wtth stand8rd extenrted eoverage endasemerds on a .
<br /> L teptaoemard bssis tot the tull Insurebie vaiue covering aU Impraveme�s on fhe Real Property in an amount sufficiec�t to avofd app�Catlan of eny n` �
<br /> su
<br /> � � :,' ,, `� cainsursnce dause.and with a sterttlard mort�gee ctause in favar of Lender. Trt�stor sAaD etso pracure and mair�ln cort�ret�er�slve general , � t�
<br /> ��x. ; � 08b�lJ/Inswance fn SUCh Covera9e emowds es Lender may reques1 wRtf trtutee And Lender betng named as add'iUonsl ir�su�eds in sud��aDifitY ,� c.. `.`
<br /> �.�'.��c, . �, � f Nsuranee P� AdddionaUY.Tn�stor shai�maintein such oU�er i�urance.induding but nat QmiEed to hasar0.business Mtertuptlo0.an0 a �, � :.,
<br /> -��: � bouer(risurance.as Lender maY reasa�abq reQufre. Po�fes shall be wr(tisn in tortn.amounb.caveraSes and ba�s reasormbly eOOBPtabte Lo i � -,.
<br /> «�. .
<br /> � � � � LenQet and�sued bY a comPanll��mDeN�reasonaby ecCeDtable to Lender. Trtstar.upon requ�t af Lender.vum deQvet to tsn�6er irom � ,�,� . .
<br /> � .: _. �: 9me to ume the pa4d�or ce�6ftcates of inswanca in iorm�orlr to Lender Indr�dM9 stlPulatfons that eavereg�wBf no!be eaneelted or
<br /> '�1�: , ` �1miNShed without et Ieast ten(10)days pdor written notice t0 lendet. Each insursnce P�itCY atso shaU indude aa enQaseme�proNdfi9� € � �..
<br /> �f, � : .�'_`� _;.;'��. cpverag9 io f avor o f L e n der vn U n o t b e i c�a i r e d i n e n y w a Y W�ry�.o m(s�on or defaeilt of TnaMr ot anyl otber pmson. ShaNd the Rea1 �_��`,_ L,�.,°
<br /> � �..�. propedY at eeY tlme berame located in an area desi9rmied by fhe DUector of the FeQ�at�►a1l�8emer�t Agency as S sPedalBood y_� �
<br /> '�_�4 ` .` � h�ezard erea.Tnista egrees to obtain and mai�Aaln Federal Ftood Insurar�e tor the tu0 unpaid prtm�Det balanw ot Ure taan.W to!he rtm�dmum ,`.-
<br /> _�_�,: � � '::.��. pp6cy Ilmi�set under the Nalional Flood InSUranee Progrem.ar es ottierwfse re4utred by Leeder.and to melMaln such ir�wanw tor ihe term o} .•_` •`- - -
<br /> _�• - - �� ffi9 toen. i .
<br /> ,�� r � App(tcaHon of PtaLee�s. Trustor shall prompUyr notity Lender of arry loss or damage to lhe Property. Lender may make Droot ot toss ii Tnstor � ^;
<br /> ',-.�. ,;..�'�`•,`����; taits to do so witdin flfteen(t�days af the casualty. Whelher or not Lendels securiq►is impaired.Lendsr may.at its election.receive and retain 4 !,<
<br /> � ` ' �` . ,:y� :; the ptaoaec�af eny inswance and eODh�P��b the reducdon of the indebteQrsss.DaYment of arry Qen atfectin9 tAe P�QO�Y.o��� ;,�:;.'..;--gy'_
<br /> restorBUOn and tepab'of the PropeAl►. H Lendar eleds to appry the praceeds to restanagon and repair,Trustor s�aU repab or reptace the _� _
<br />=��.._�.',,,..,'.`�....�,.��,,::_, dama9ad or destroyed Improvemenffi in a manner satffifadory to Lender. Lender si�a�.uDon SatisfadsrY Prool of Such e�cpen�ttne.DaY o� , •���,._
<br /> ��'. . � ; reta�urse TNStor fram the praceeds for the reasonabte cost o}rapair or restoratlon if Tmstc►is nat M default under tt�Oeed o!Ttust. My .,.. < - _
<br /> 1_'.:
<br /> �f�, . ? proceeds wNt�have not been dLsLursed wtthin 780 days aftei theh recetpt and which Lender has nM committed to the tepafr or r�toraUon of :
<br /> ,�� , � � - the F4opertY shall be used first to Pay anY emourn owtng to Lender under ihis Oeed of Tn�sf.ihen to DaY eoaued interest,and C�e remafnder.H ����,;
<br /> . _,�-.-: ., y�. enY.shaD be epP�to the pdnc�pai beianoa ot the IndebUedness. if Lender hotds an1►Dm��a ft e r PeYmeM in!ull of the tndeMedn�s.sut� ,, ;,�
<br /> {� �.�` proceeds shall be paid to Trustor ss Trustors Mtetesta may appeat• �`
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<br /> S , '�� Un�cylred Insuranee af Sate. Arry ur►e�ired insurence shall inure to the benefit of.and Oass to.the purchaser of the Properly cavered by lhis `:�r L
<br /> • ' y' Oeed of Ttu�t et any trust�'s satv or other sate he►d under the provislo�of t�is Oeed af T�st,or at arry forectosure sale of sueh PropettY• r
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<br /> �r,;..t ; :. , Trustor's Report on Insuranee. Upon requ�t of Lender.hawever not rtore than once�year.Trustor sha0 fumtsA to lendet a rapoA on each l�,-���
<br /> i �SNng poliCy a insurance showin� (a)tha name of the trtsurer: (b)the�S insured (c)the amount of tha pGicy; (d)ihe Oroperlg tn5ur80, ' "'r �
<br /> ���'= - � -- the then c�ureM reptacemant vatue ot such property.artd tha manner of determinine that vatue:and (e)!!�9 e�bation Qate of the pali�y. ,•. .,-:
<br /> �`'� � on est of Lender,have an independent appraiser satislectoty to Lender detenmMe the cash vaTUe replaeement east ot ihe �`•�"�;�-':==
<br /> � . • ? TltlStOt Sh811,11A tOQU t � '
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<br /> '� p(P E�I D i N RES BY L.ENDER. H Trwtor fasis 10 compiy with any provlsion of this Oeed of Trust,or N arry acUOn or praceedtng is commenced thel
<br /> � : , ` L. N
<br /> � �: '� wptdp materially eitect lender's ir�erests in the Properly.Lender on Trusco r s be h a l!may.b u t s h e l l n o t b e r e q u l r e d t o,t e k e a r ry a c tl o n t h a t L e n d e r
<br /> �-�;`.� . � � d�ms appropriata Any amourd that Lendes e�ends in so dolrrg w0 bear irtterest at the rate provided tor fn the Note from th9 date incurced or paid � F ` `'�::�
<br /> �� �:'" � � ^;� by Lender to the date of repayment by Tnutor. Ait suah expenses.ai Lende�s option,wiil (a)be OaY�fe on demand, (b)be adQ80 to Ih9 bel8nce • :
<br /> �;�_` ' ot the lVotO and be apPoNoned emong and bs payabte wlth any instflltment payments to become due during either (i)the tertn at any epD�able � ,•�, ;.
<br /> ' � insivance poltcy ar (ii)1he remalNng term ot the Nds,or (c)be treated es a baltoon payment wldcb w3D be due and payabie at the Nate's matuAtY•
<br /> `�� � ' " Thts Deed ot Tnuf aiso wm secure payment ot these amounts.The Aghts provlded tor in lhis paregraph sha0 be in a4d'iHOn to 8rry olher�gMs o►enY . -
<br /> � remeQies to which Lender may be enUUed on aaaunt ot tAe delsuN. Any sucA acdon by LenCer snaU not be cor�ted as duing the QefaNt so as to
<br /> -� bat tsnder hom erry remedy that it othenvlse woidd have had. Lz _
<br /> ,. . �y/�pA{ry'�1f;OEFEFiSB OF T{iLF. The following prov�tons rela�ng to ownersh►p of the Property sre a parl oi thb Oeed M TnisA
<br /> :. :`f;4 � . "' Titte, Tnistar warrards that (a)Trustar hofds good and marketabfe tRte of record to the ProDenll U�ee simpte,iree and etear o1 aA Qens end ,-. ::�
<br /> _ �,,,_; -. , enoumbr8aces other than those set foAA in the Real Property desatptlon or In any tltle trtswance Oolley.GUe repoA.or 8nel Ut�e opinion issued In .::�.��.
<br /> ' favor o1,and aoCepted by.Lender in connecUon wilh this Deed of Trust,and (b)Trustor ha5lhe tuil rtg1►1.Dower,and eulhority to execute and
<br /> ;.`��" ; �` .< Qetiver this Oeed ot Trust to Lender. , . ..'•
<br /> 'i� � � �� Defense of T(tfe. SubJecf to the exoep6on in the paragraph above,Tnsstor warrants and wi0 torever detend the Utle to�e Properly agal�t the . �••
<br /> � :•,^�� . , .
<br /> :';�t� „ . , tawt�d claims ot al1 persons. In the event any acUon or proceedfng Is comr�enoed that quastloris Trustors title ar the Interest ot Tn�tee or �.. '}�
<br /> � � ��r • Lender under this Deed of Trust,Trustor shall defend the actlon et Trustors expense. Trustor may 6e the nominel parly tn suCh proceedfn9.bN
<br /> �=V�:`''' ' ` i•:I Lender sha0 be enUUed to parNclpate in the praceeding and to be representeG in the praceeding by eounsei o1 Lender's own Cholee.and
<br /> ,�r,r;.: ... . _ '.
<br /> ,r.;?.,.. r ,: T�ustOr wiU deliver,or cause to be deflvered,to Lender such InsUuments as Lenaer may requ�l irom Ume to Ume to permH such paNdpaflon. ,
<br /> �.'t�� �� •• - .. _ Compitance VY1tA Laws. Tr�utor vrarrant�mat the PropertY and Trustofs use o1 the Property comp0es with aD e�dstln9 epp�ceble Iaws. • .
<br /> us
<br /> �§'���`� � ordinences,and regutaUOns of governmed,al aulhoritles. • •-
<br /> i::;',': . CONDEMNAT(OH. The lotlowing provisions n�leting to condemna8on prooeedings are a part of thl�Desd o1 Trust. ,
<br /> . . o
<br /> "�''� Applieetlon of DSet Croeeetta N eil or any pad of the Property Is condemned by eminent doma�n proceedings or by eny praceeding or ..
<br /> � purehese in Ileu of condemnaUOn,Lender may at tts eieCtlon requtre that ell or any portlon o}!he net p►aCeeds of the aw8rd 00�pp0ed to the �
<br /> Ind8bt8Cness or the repatr Or restoraGon ot the P►opeAy. The nef proceed9 o11he award shaD mean the awa�d efter paymenf of 80 reasonabte .
<br /> costs,expen5es.and attomeys'tees incurred by Trustee or Lende��n connectton vdth the conQemnahon.
<br /> � P�oeeedin If any ptoCeeO�ng in condemnaNOn is fited.Trustor shalt promptly notily Lender in wriNng,and Ttustor Sha��promptly leke euch
<br /> ��;,s.���;,� • . . { steps as may be neCessary to detend the action end obtain the award. Trostor may be the nominat party In such praeeeding,but Lender ShaO • . •�
<br /> �. � � De entltled to participete In the proCeeding and to be represented�n the proceeding by counsel of its own Cholce,and Trustor vnll deilver or
<br /> �;;'y`:. � .. ' q�to Ce deiivered to Lender such instrumenb as may be requested by N hom tlme to time to permit such parGcipaUOn. . .
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<br /> :�f' s` � � � lMPOSfT(ON OF TAXES,FEES AND CHAfiG£8 BY GOVERSYMENTAL AlRHORITIE9. The tollowing provis�ons retaUng to govemmer�tal fax�.
<br /> fd�,�;;:. ,. . �. '
<br /> s�:., � fees and Charge9 ara a part of this Deed of Trust:
<br /> i�•, � Curtet+t Ta[es,Fees And ChArgea Upon request DY Lender.Trustor shail execute such documenis In addiUon to this Deed of Trust and take
<br /> �� � ' whatever other aCtion is requested by Le�der to pe�tect and continue Lenders lien on the Real Property. Trustor she11 relmburse Lender for afl
<br /> -7;'!�'•� �� � taxes,es desc�bed betow,together with all expenses inCUrred In ree0�ding,peAeedng or eonUnuing thls�e8d o1 Trust,Including wlthout .
<br /> �� '�.- ' Omitati0n all taxes.leo9.documentary stemps,and other eharges}or teCOrdrtg or reglsteNng thts Oeed Of Trust.
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<br /> ` ° • Ttuce9. The�oltowing Shall wnstltute texes to wA1ch thls section eppfies: (a)e s0eciflc tax upan thls tytpe o1 Deed of Ttust or upan all or any _ _
<br /> 'e, `��.�;, p8„pt the Indebtedness SeCUred by thls 068d of Trust• (b)e Speciflc tex on Trustor whieh Trustor is aulhOrlied or requited to deduCl frOm
<br /> i�"=� � paymenls on the IndeDtedness secured by Ihis type of Deed of Trust (c)a fax on Ihls type at Deed ot Trust cha►geab�e agelnst the Lender a , , .
<br /> §� -�; the ho�der of Ihe Note•and (d)e spec�C tax on a�l or any pofion of tne Indebtedness or o�payments of Odnclpal and intet95t made by �
<br /> ' .�:.�. � ' TrustOt. • ,
<br /> �' �
<br /> �•' Subsequent Texes. �}any tax to vrt+ich th�s seo;ion aDP��es�s enaCtetl Subsequent lo t�e date of th�s Oeed o1 Trust,tn+s evant shall�ave tha
<br /> same eNecf es an Event qf Oetaui►(a5 dehnsd bel�w).end Lendor may exerc�se any or a��01�ts available�emed�es�or a�Event of Detault as I' � -
<br /> .1fi::.:� _ _ _ �w�������,�T,._���.c�fnar tai nags the tax D8f0�6 d beCOmeS delinqu8nl,or (b)Cont851S the 18x a5 prOVidBd ebove�n 1�0 T8x85 end E •
<br /> � L�ens sect�o�a�d dapos�ts wdh Le�der cash o�a su�c�en;CorpOrete SurBN bOnd Or Oingt 56CUnty 58TiSrdCtOTY t0 tenoe�. , .
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