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<br /> ' � P' D1EED O�T�ivST �o�3 .:,,.. ;���:.
<br /> � �� 01-OS-1999 9�'���a��� ` F � �
<br /> ` -t.. � � Loan No 860338 (Coat[nue� ,� `�. .
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<br /> pBymBnL Ttustor stsa�pay whon dus(and in aU avents p�r to deflnquentiy)eti faxes.�sefal taxes.assessme�ls.�har9es�netudfng"rater
<br /> . ' and aewerj,Mnes and imyasiUOns levied agais�st Cr on aocou�of the Properh.aed 8ha0 pay when dua eA dahns to►work done on ar fot `, �c.. 4
<br /> �: '� seMaas rendeced or matmtel turntshed to the ProAertY. Ttustor 5ha0 m8ltdalrt the Pmperly free of e0 Uer�s havfng pdaity over or eqaai to the � �
<br /> '� _ 4�i. interes!of Lender unQer Ws Deed of Trus1,exoept for the Uen of�s and essessmar►Ls not due and mccept es othenv�e provEded M tlUS Deed au : �
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<br /> s� � .,'. ° R1�1t Yo Contest. 7rustor may wtthhotd paymerd af arry tax.assessme�.or daim in oonnedion with a gaod taNh dfsOtlte wer tt�e abAgailan .., -
<br /> ;�' �• to pay.so lartg as Lendefs irrterest in the ProperiY is not jeoDatdize0. Iien etlses or LS 51ed as a resWt of nonDallment.Trustor she11 wtthla _
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<br /> . 8tteen(15)days aNar the Aen arfses w.if a Iien is filed.w(thfn 6fteeo(t ys after Tnistor has notlee ot the fiiing,seaue the disdmr89 of the �' :.,.: Y
<br /> � • `� ` !len,ar if raq��d by iender.depos�t wiU►Londer tssh ar a s omP�S�Y bond or otRer securfhl setlsfadory to LenQet in an �.:_•.
<br /> � ,b amourrt suHtaent to d�haBa the den plus any costs and eftomeys atASr c4�erBes that�uld laaxue as a resWt of a f�a�sele
<br /> ��` - ` ,�,.,�.. `� under the ffen. In any eor�st.Tnstor sfmll defend itsetf and Lender shaali satlsfy any edverse ludgm e n t t b e tore e n f orcement a g 8 it�st the
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<br /> �,... �..x._. .• 6ond turrilsAed In tfie eor�test proceedings. - ,�, fs:,;:.
<br /> �„��,, .. Rr+o�ty. Trustor sAeD name Lender as en 8d6itiOnet obQgee under anY tY
<br /> . :;* of tha f�cBS Ot 8s5essm9tdS Atld SdBll , .'�,.
<br /> , EvldenCa of PaymeM. Trustor shan upon dsmand twNSh to Lender evldence ot paymerd . :n.:`.. .
<br /> ` ��_.:�.• , ' :� `.` '.=�.; authorize the eDProP�9�mmente!oflidat to deQvmr to Lender at Ume a weSten�nerd oi the tmces artd a�meMs agat�t the �.c., .� : --< -
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<br /> ���_. _. NoUce ot Consttustlon.Tnutor shall noMy Lender ffi teast frfleen(tb� before any woAc is commenced,enY servlces are tumistmd.ar enS► r�.
<br /> m�are suppped to the prcperty.N any mecAantds Oen, ns lien,or ofher Gen coutd be ass�ted on axount ot tAe work. �t y �. .
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<br /> _ .:�,� servio�.or materials. Twncr vum Won request W Lender tumisA to Let�ter advance esswaaces saUsfactory to Lender that Tiusta can a.�d wAi e•, -...
<br /> - ' ' PaYthe c�t of such tmpmvemerns. • ���:.Q w x':
<br /> '. . ;�_ '`t �tOPRiTY DAlAAGE RiSItRAHCE The toqowing provlsiors reta9rtg tao InsuMg the ProPertY are a part at this Oead ot Trust. � .-�I'_.
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<br /> ' Ntalntenanee ot Insar�se. Tnutor sha11 procure and maintain po�s of fire insurance vrith standard e�nded coverage endmsements on a :_.�
<br /> � ; replacement dssis tot!Ae fulllnsureble vaiue covedng all Improvemerds on the Reat Praperly in an amount s�tfrCent to evoid epp�atton ot any � � ;,`� ;
<br /> � � co(nwrance dause,and wftt�a standard mortgagea dause in favor of Lender.Trustor sha0 a1so procure aad mel�tn comprehensive general � s _
<br /> F - s fiab ID t y Insurance in such covera�amounts as Lender may request wltb trus�ea and Lender being nemed ss ad�donal insureds in Such Uahiiity
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<br /> insurance po�des. AdmtianaNy,Tnstur st�all mairdaln such other insuranoo,indudtng but not limited to ha�rd.business URertuptlaa.end
<br />; �� ,.; 7;�. baler insurance.as Lender maY reesanabty te4ulre. Poltdes shail be wrHten in lortn.amou�,covera8�and 6asis eeasonably eCCeP�Ie to ,.,e..
<br /> 4 . .: Lender and issued by a compacry or companies reasonably ecceAtabte to tender. Trusto,Won requ�t of Lerider.tiufU deliver to Londer trora ;...�,.:
<br />..`,�;3 � •i f • time to ttme the poGCies or ceNficates of Insurance in f o rt n s�s f 8 c tory to L ender.int�udin g s H putaUons that covere6�vriD rtot be cac�eUed a ..:i_`�.
<br /> 1�. •_ . �, "; dlmiNshed without at least ten(10)days'prior wdtten notice to Lender. Each insurance poucy elso shall indude an endoisement pravf�ng thel ��. ';.-
<br /> c , coverage In favor of LenQer wil not�e impaired In any►waY bY anY ad.omisslon or deffiidt of Trt�stor or any ot�er person. ShoWd itie Real ,
<br /> � ' t PropeAy►at any tlme become located in an area deslgnated bY me Ohactor ot the Federal Emergency Management Agenclr as a sper�sl ftcad �<�+,._
<br /> > :t � • ha�rd etea,Trustor agrees to obtain and maltnain FeQerel Flood Ins�uanca for 1he ftAI unpeid prindpFd balance of the loan,up to tAe m�6mum
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<br /> .0 . ..�...._:.��;,�.;+,,: Poticy pmtls set under the National Flaod tnsunanCe Program.ot as oN�eivvlse requhea by Lender.aad W inaintain such ir�urance tor tha tem►of :..�...::�•`�=
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<br /> � ;�•` f� _ App�lon of PtOeeeQs.Trustor shaN prompUy nottry Lender of any loss or damage to the PruAerh• Lender may make proot ot Ia�ss it Ttustor a Y
<br /> ��,'. ta0s to Qo so wtthtn fifteen(15)days ot the casually. Whether or not Lenders security is impehed.Lender may.at its efectlon.recetve 8nd retalq (,�
<br /> ��r tfie praceeds ot any insurance and epply the proceeds to the redudion of the Indebtedness.08Yme�of arry flen aHecHng the Proyerty.or the � 4
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<br />-_, ��2 �toraUan and repatr at the Property. if Lendor eteels to appty the proeeeds to restora9on,and repair�Tiusbor stmU teAaU or reDtaee the ,�« •.
<br /> :`,;?�-•`.:.. � .. , ; demaSed or deslrcYeO Improvemenfs in a manner satlstactory to Lender. Lender shau,uDcn s�sf8ctoty►proot of sucb�tPen�OaY a► `�'�,,'�.�.,�.
<br />",.��,�3_ � {' ceimbuise Trustor trom the proceeds tor tAe reasonable cost of repefr or resforatlon(f Tnator is not in Qelautt under this Deed of Tnut. At1Y -=u!9�';
<br /> �•:��;;;; .. . proceeds whlch have not been disbursed wRhfn 180 days after theh receipt and which Lender has not committed to the repab or restoration of
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<br /> -`t�' � � the ProDeAf►shall be used flat to pay anY amounl owing to Lender under this Oeed of Tnul.than to Day flxrued inter�tt,and the remalnder.M ��`�t�':;:i
<br /> ::'',4:, � - , - arry.s�atl be apPlied to the prindpat balance of tha tndebtedness. If lender holds arry prooeeds after DaYment ta tull ot the Mdebtedn�s,such _ ..: :.`
<br /> f 1 � _ proceeQs shail De paid to Trustor as Ttustors interests may eDpear. s �� � °
<br />--•.t .•,� . tlnaspUeA Insurenoe at Sate.Any unexpBed I�urance shaN Inure W the bene6t of,and pass to.Uie pur�haser o}the Properly covered by Ws `
<br /> -:. ,�:. - • Deed ot Trust at any trustee s sele or other saie hetd under the provision5 of this Oeed of Trust,or at any foredosure sele ot sucA PropeAy. I•,� �
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<br /> ;=�•L->� .,:,� Tn�sWr�RepoR on Insurence. Upon[equest ot Lender.howaver not more than once a year.Trustor shal!tumish to Lender a report on each �,
<br /> .��`.',;:` , . . existlng paUay of insurenee shawing: (a)the name of the Insurer, (b)tho risks insured: (o)tfie amount of the pollcy; (0)tAO properly insured. �. �
<br /> '•:r�•: Me ttien curren t rep tacemen t v a tue o!s u c h p ro p e r t y.a n d t A e m a n n e r o t d e t a r m i n in g t A at v$lue;and (s)the exptratlon date of ihe polley. '•-}.�_
<br /> - � ,<;� • • . �•�, : Trusta slialb upon request of LenQer,have an Indepen08nt apprelser satlsfectory to Lender detecmine the cash v8tu8 replacement c�st of ihe ;'�'__
<br /> '�3�'::i • Prope�ly.
<br />.:_��°��:;.! . p(pQ+iplTURE9�Y I.E[�fOER. If Trustor te�t5 to compty with any proviston ot 1tUS Deed of Trust,or if erry acUOn or proeeedtng b eommenoed that .
<br /> �; : � � would mateAallY eftec►l.endefs interesb tn the Proparty.Lendet on Tn�stofs beAal!m3y.btrt shall not be required to,take any aeffnn lhat LenQet -
<br /> �.�:_�,::° . . - ,�:r:`� deems approD�ata Any amount Mat Lender e�ends in so doing wU hea►Interest at the rate provided tot in the Note trom t�e date InCUrted or patd
<br /> ','�}?• ., � '.�'=�:.i. by LB�de►to!he Q9b Of�ApBymenl by TtuStO�. Al15uCb�,at Lendefs opdon,wiil (a)be DaYaDte on demand, (b)be adGeA to the batance =
<br /> �`.;.' • � of the Note and be aDPorooned among and be payabte wHh any instailment paymenb to become due during either p)the term of any ap0�te .,
<br /> insurance pNicy or p�the remelNng term of the Note,or (a)be treated es e balloon payment whlcA wlil be due aM payaDie at thA NotBS maturRY.
<br /> ;�$,,�:; , This Oeed of Trust elso wiil secure paymeM of these emounb. The dghb provided for in thfs paragteph shsll 6e M addi�on t0 eny other dgtds or etty ..
<br /> ___�::�f�. ' remedies to whlch Lender may be entiUed on axour�t of the defau�. My sueh aeUon 4y LenEer shail nof be construed as cuAng the deteult so as to
<br /> ' i ,,. . �'. bar lsnder from any remedy that it otherwise woutd heve had. ,
<br /> ;��,_�`�' ., r. . VyApRANTY;OEFEPI8E OF TITLF. The tolfowing provlsions relaUng to ownersh)p of the Propedy ere a part of ih�Deed ot Trust :
<br /> �_c; '•': TiUe. Trustor warrants that (a)Trustor holds goad end markeffibte Ulte of reeord to the PropeAy in fee simplA,hee and cl9ar of atl ftens en0
<br /> �'���:��, �- encumbrances other than those set forth in the Real PropeRy descrlpUon or In 8ny tRle insurence poiicy.tille repoA,or flnal Ut1e opiNon Issued In
<br /> ��i.:.: .:� �' tava of.and aCOepted by.�ender in eonneCyon with lhis Deed of 7rust,and (b)Trustor has the tN!dght,power,and euthodty to exeeute anA • .
<br /> �,_ � , deliver this Oeed oi Trust to Lender.
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<br /> ,t 08tense of Titte. SubJeCt to the ezcepUon in the paragraph ebove,Trustor werrants and wiU fo►ever detertd the title to the Properly agalnst thA
<br /> :.r:; ! � 18wtu1 cl8ims of 811 peBOns. In the evrdnt any actlon or prooeeding is eommenced thet questlons Tru5loPs UUe or fhe�nterest of TNSteA Or .
<br /> • •�'- � Lender under thi9 Deed of Trus1,Trustar shatl detend the ection at Trustofs e�eose. Trustor may be the nominai partyr In SuCh praceeding,bN
<br /> Lender sha�l be entitted to partlGpate in the Droceeding and to be represented in the proceeding by counset of Lender's own cholce,end
<br /> -;�'�, . : � Trustor will deUvet,or eevse to be delivered,to Lender such Instrumgnts as Lender may request hom Nme to time t0 permit such paAiGpallon. •
<br /> �:" `' COmp118I1C9 Wlth LBwe. Trustor wtutents ihat the Property end Trustor's use of the Property Compties with 871 exlsting BppRCBbte 18w9.
<br /> �`��`: � • • ordinanCes,and reguiallOns of governmental authodtles. •'
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<br /> f•� � . .. . i CONDEMHAT[Otl. The totlowi�g provisions reiating to condemnatlon proceedings are a paR of thls Deed af Trust.
<br /> �..� �� � .� Aypiicatlon of N81 Proeeeda �f ail or any part ot the PropeM is condemned by eminent domain prooeedings or by any proceeding or • '•
<br /> _::�`�., . .�j purchflse in Aeu of conEemnatlon,Lender may at its eteatlon require thet aii or any potion of the net proceeds ot the eward bo applFed ta the
<br /> j[ � Indebtednes9 or the repalr or restoration ot the Properly. The net proceeds o1 tAe 8werd Sha��mean ihe eward after payment o}all reasona6te �:'
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<br /> i: . •;�I cos�s.�penses,and altorneys'fees Incuaed by Trustee or Lender m connection v�ith the condemnation. '
<br /> Proceedings. i}any proc8eding in condemna6on�s fited.Trustor shall promptt�nofity Lender m vrttttng,end Trustor shall promptly take such
<br /> ��, •(:.', steps as may be neeess8ry ta detend the eCtion and obtain ihe award. Trusior may be the nominal party in sueh proCeed�ng,but Lendet shell
<br /> g", ;': , be entitled to panc�ipete in the proceed��g and to be rep�esented in 1he prpCeeding by COUns9i Of its own ehO�CA.end Trustor wfll deliver or .
<br /> ' r.ause to be deiivered fo Lend3r 5uc�instruments as may be reques�ed by�t from Hme to 6me to permd such parUCipation. � .
<br /> _y. :� � • � IMPOSITIOy OF TAXES,FEES ANfl CH�AR(iES BY GOVERl�MEFITAL A11T1{ORItIES. T►ie foltowing provlslons r8lating to governmenfal lexes, i , .
<br /> fees and charges are e paA ot this Oeed of Trust:
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<br /> i-�. � ' � Cunen/TAxe9,Fee9 afld Chtvges. Upo�request by Lender,7rostor shall execute sueh doCUments in eddition to Ihis Desd of TruSt snd lake
<br /> .�' ' �rnatever otner action a requested by Le�der to peAecl ar.d continue Lenders��en on Ine Real ProOerty. 7rustor st�all retmburse LendP!tor flil
<br /> r?. ' IBxgs. as destnbed beio�+v, together vMh ail expeRSes �ncuned �n r�Ortlmg, perfeCting or Conlinwng ih� Deed of Tru5t,induding without '
<br /> ��mde6on all laxes.tees.documentary Stdmps.and 01her charg�}or reCOrdtng or rEgiSt9ring this Deed o}Trust. , , •
<br /> , _ ��� ���.���.;.,..ti..0.....,��,�„�n earnc rn•»nvn lhea eaei�on eoohe5: (9)a Speeif•C Ive upon thts C�pe ot 082tl O}Trust br upo�ell or eny �—_
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<br /> � Oa�1 0}tre ��dabiedness saure�by fh�s Desd of T«�st: Ibl a spec�fic tax on Trustor Nmch Trustor is au�►+onzeo or requrreo io deow�t,�,��
<br /> .j•`, � ' payme�is on Ihe Indebted�ess seCUred by tt�s tYpe of Deed of Trusl: (C)8 tex on th�s Iyoe of Deed of TruSt Chargeab!e agdinst ihe Le�dBf Or . '
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