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<br /> '`s ` �k' .Y�-141998 DEED O�'�PRUST P�Be 3
<br /> - • Loa�t No 845055 (CQ�lnued} ��— ���a�� `
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<br /> ti. - P8ym8AL Trustor shall peY when due(end in eD averds prior to dellnqttencyt)80 le�s.sPedal lexes.essessme�.ehaBes�naudt�a9 x►a�er �•' �� ,
<br /> �;.: x and sewerA 9ne5 and imp�ilioc�s tevted a�inst or on accourd of tAe ProDecEY.and shatl OaY when due aU dalms tor worlc dane an ar tar `;. .
<br /> _- •.+;(` intet65t o!L�e der�un�r tl`�is tumished�to�e�Dl fo� ben of te�s and�assessme�noi due and�e.s�othervvlse provlded tn�ihls Qeed ` �
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<br /> —_�;'<<�'' < r( ...'t OfTrust �<
<br /> ���:� . `. • , . ptg4tt To Coltte9L Tmstar�y wifh�Wd paymertl of ar►y�4 assessme�.dr dalm In eonnectlan witA a gaod taith dis7�Ne o+rer the ab�lgation
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<br /> --=r `'�t '- to pay.so loag ati Lendels Uite�est in ths PtoAeM��I�A� It 8 een arBes or ls 61sd es a�utt ot no�qtaY�eM.Trlestor stielt�htn '
<br /> --:!.-' -• � ` fifteen 1���Yg�the Qert erises or.if a tien Is fiied.wllliln�n(15)daYs after Tn�stor has noflce ol tha Ti�ng,secure tAe dischar$e af ihe . � T�:
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<br /> � . ,;� �� .� �ee.ar it requssted by lenQer�deDosi!with Lender eash or 8 5uftleient eorParate saretY band ai ather seeurity�dory to Lender in an . ' ,-
<br /> ��- L.-.. amouM sut�dent to d'ischarge the Iten ptus an11 eosts end attomeys'te�or other etatges U�at eoutd ecaue as e res�At of a finedosure or safe •, .
<br /> _.£s. ._ --,- : under tne ORn. In eery cantest,Tnutor stryl detend[iselt and Lend�anQ shall SalistY eny adverse Iud9menl befare entorcertrest e$�t th9 �- i�-'
<br />-.--_-s�;.. :<<- - ;::`�: ProDert�l.Tntster sha0 name Lender as an adtAtional obUgee ttnder arry s�aery bond tumished(n tha contest procseNnSs- _
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<br /> .' _ :: EtriQen�of Paymec�� Tnstar stiai!upon demand tundsh W Lender sat�YactorY euldec�e ot paycnerd ot the tex�s or essessmerKs and snaD . -
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<br /> '�'�� ��� - � . , at�AOr(ze the aDAroP�late 8ovemmer�l otCdai to Qe�ver to Lender at enyr tlme a written s�teme�o!the�s and asse�mants ageinst the
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<br /> � _ " ,.'. .' ~ Noike o!CcnffLrudian.Trustor shaU notity Lender at teast BHeen(15�days beiore any wortc ts commenoed.an!►seMces are hun�tre4�8�Y � :..;.�:
<br /> -.:, � � � �_��L rtiaterials ere suppued ta Me ProDerl3t.�anY meehantBs Gen. matertatmen's uen.ar ott�m Uen co�dd be auerted an e�ourit of tha work. --.,-�."--;•
<br /> r � .. ,�µ� se�vh�s.or ma�rfal.s.Trustar wU upon request of Lender tumisA to LenQer advance asmanoes�Slsetafl to Lend�tliat Tn�tOr can and vn'U .:�.r-< .
<br /> � - .. 1 . •T pay the eost af such imProvemeMs. ; �� ._�...
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<br /> �,.' �� ` •...r PROPERTY OA�IAQE IHSUAAftCE.The foUowing provisiot�tel8llng W InSUtInQ the P[opeAY are a p8tt of UUS Deed Of TNSt �;
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<br /> u_ • ;, klaintenmioe oT tasurance. Tntstor sha11 procuce and mair�min po�des of fire ins�ranca withh sTandartl e�dended cmre�age endorseme�s on a �,
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<br /> - ��2'r{�-. . . . .� . -..'.F �eptacement tra�s for t�e tW lnsurabte�covering aii tmprovements on the Real Properly In an amount su�ic�rtt tn avoid eDDfu:atian ot acry . __
<br /> coinsivance dause.and with a stanoard moRgagee dause in favrn of Lender. Trustor sha0 atso procure and matrttain comprehenstve general "�F.;,-: �:
<br /> ��` �f:.•. �.� '� 11a0�'i1Y ins�uance in such coveraSe amou�s as lendet maY request wtth trustee and Lertder being rtamed as add�tonai ins�edg in such Ilat�ffiiy *�� -.
<br /> ��". ,' � insurance Po�ct�. Add�tlonalty.Tnstor sria11 maintatn sueh other Ir►smerroe.tndu�ng but no1 Umited 10 hemrd.bustness ir+temrpUon.end �
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<br /> botf�hu�nanee.as Lender may reasonabry requtre. Po6etes shaD be w�itten in form.amour�.�verages end basES reasonabty eeeBDtabte to t:
<br /> �� ��- . ` � '�� Lender end issuea by a ComD�ll or companies reasortabry acoe�ffible to Lender. Trusfcr.uPon request o!tsnder,vn'll QeGver to LenQer trom ' �.:
<br /> `�':l�° . , . .;; Ume to Ume the poQcies or�oi ins�uance tn Porm sa�fadwy►to Lender,induding sUputa�r�that coverages wUl not be esnoe¢ed ar :- �;--,�
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<br /> :_,��• �' - �(` dunin�shed witAoui ei least ten(10)days pdor wrtilten notice to Lender. Each lr�narxe pa6cy elso sha0 incltide Sn enQorsemm�t�tlial �t�;
<br /> :'':��_.. ;.�. -� ,.`_� eoverage in lavor of Lender vm'0 not Ce impa6ed in sn}I vraY bY anY ad.om�sion or default of Tnsqt or 8try other person. Should the Reet � �:,l,
<br /> , .�.'' � ProDeR!►ef enY tlme be.come locst�d in an area destgnated by tAe Oirector o!Ne Fedetal Emecgency Mertage�'►erd Age►�Y as a spedaf Baod � .:41i �'
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<br /> ��� - harard area.TrusWr 8grees to obtein artd mair�in Fede�al Flooa Inswance tar the tW unpatd p�al batanee of the ioan.aD to the mmdmum
<br /> „�,,� • pafiny Gmits set under the National Fload Insurance Program.or as cUieruuise requireA by lendet.and to mair�le wch insurance tor the term of .�f�a.
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<br /> � � ' AQptteatlon ot Pr�eeds.Tnutor shaA pco�nPUY notity Lender af anyr toss a damage to the ProPeRY- Lender may make proof of toss B Trusta ��,',
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<br /> '� Y' S'�.:.• ' taGS to do so withtn fifteen(t5)daYg ot tha casuaitY. Whether or not Lenders reciufry is irt�ai�ed.Lender may.at its elecfwn.racetvB and cetain ._._.�y.
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<br /> 1 �;.' • � � ' tlie pmceeds of efi►����and aDPh fie prooee�to the redt�lon of the indeb�.�aymeM af a�ry�en a�Hng the Prop�ly.�r the
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<br /> •�' � wstoratlort and t90�ol the Property. If LenQer elads to aOPiY the p r o o e e d s t o r e s t a r a ti0n an d r e p a b.TnSLor sha0 r a P a h cr[eptaea ihe
<br /> '' T�'' � damaged ot destroyed tmprovements in a mannor saUstaetory ta lender. tenQer she11.upon sat�taeta5►Proof ot sud►e�en�hue.PaS►or .:;�;�
<br /> `:,;;;��.,;•• . :, '.f retrtip�nse lYustor from the praoeeds tor the ressonabte cast of repalr or restoraUOn H Tn�sMr is not in defaull under this Qeed ot Tnsl. MY , :, ;;;,
<br /> �;:,, praoeeds wNCD have rtot 6ean disbursed within 180 days after theu receipt and which Lend�has not committed to the tepab ar�ratto+i of •-
<br /> ,:,:'t ' ' the Property shsll be used fust to pay arry emowd owtng W lander under tttis Deed of Trust,then to pay acaued interest,and Uie rema6�der,ff `'F=
<br /> y��` �'�:�• , �'. a►ry.ShaB be appQed to the pdndpal batance o1 the Indebtedness. It Lender holds a�ry P���paYme►A In f W of the tndebteQness.s�h _ ;:-
<br /> � �,� .; � ; . � '. praoeeds sMdU be patd to Trustor as Tnutofs interests maY ePA�• ` `
<br /> � '�� UnexphRd In�ed SOie. My une�lced insurBnCe shall irture to ihe Oe�efit of,&nd pass t0,the purehes6r ot the PropeRY e0Yer6d tiy thls ' `
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<br /> ��. t Deed o}Trust af any hu�ee's sale ar athet safe held under the ptov�lOns of tALS Deed Of Trus1.Ot 818ny foredosure sa[e of suaf PtaP�Y•
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<br /> . , . . Tntsior's RepoA on tnsuta�ttee. Upon request of Lsnder.however not mare ttian ance a year.Trustor sha11 f�uNsb to Lender a repad en each .
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<br /> ,� . . . mdsting potiey of insurance shovdng: (a)fhe name of the fnsurer. (b)tAe dsks Ir�sure� (c)the amouat of the poGcyr, (�tAe Orope�ty tr�sure0.
<br /> the Men eurrent replacement value of such properly.and the manner of determining U�at value:8nd (9)IAe e�tra�on date ot th9 polG,y.
<br /> � � � Trusta sAa11,upon requ�t of Lender,have an independent apprdiser satisfaetory to Lender detertNne the cash value�eptaoeme�eo5t of Ihe _
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<br /> •'��"�r� , . �. � EXPFl�fTURES BY I�ENDER. H Tnator faiis to compty with any Oroviston of tNS Oeed of Trust.or tf ery ac8on a Oroeeading►s comaser�ced U�a1 : -
<br /> ' Nrputd mat�tally af(eet Lender's tnterests in the�roperll►.Lende�on Tnator's beheU maY.bu1 shaU not be requh¢d to.take arry ecRon thaf Lender
<br /> �. � � deems eODroDrtate. MY smount that Lender e�enQs In so doing wi9 bear iMeresl a!the rate Drovided fo►in fhe Note trom trte date tricurted a O�d . � ..
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<br /> • � -_, by Lender to the date of repayment bY Trustor. All suct�expenses.a1 Lendet's oP�on.wi0 (a)be payebte an Qemand. (bi be added to Ute b8latio9
<br /> ,. '�; '. . • � of the Note 8nd be apaaNaned emong aRd be PeY��e�h�Y irtsfaAment paymerAs to beeome Eue dtuing eilher (i)the tem�of anY eDP�� .. .
<br /> ; ' ._ .' . � Insmanee Pef�ey er (i)the rematning term of the lYofe,or (c)be Ereated as a baltoon paymerrt whtch wi110e due an0 pa�fable a111�e�ot�a mal�fty►. .
<br /> - �� • � � ' TNs Oeed ot Trust also vriU seeure payme►d ef lhese amounts.Ttie►igtib provtded tor tn Ws para�aph sha0 be in eddiUon to arry other�tgMS or arry
<br /> r remedes to whtCh Lender may be enhtled on eccount of tne Uefault. Any such aetlon by 4ende�shaU not be eonstrued aa c�utng the defatil�So as to . _
<br /> � "�'_i,J',, , , . , t': bat Lender trom a�ry remedy that It othervvise would have had. . :
<br /> �•`.'�;_' � � :.. 1.� WA�AAH7U;DEFENSE OF Tfi1.E. The toltawing provlsions relating io ownecsNp of the P►opeRy are a part of L�ia Oeed of Trust . .
<br /> i � • : , Titte. Trustor warrants lhat (a)Trustor hotds good and merketable tiUe of recotd to the PropeAy in f e 9 s tmp t a,i r e e an d c t e a r o f a fl 6 e n s e n d
<br /> � � enCUmbranees ot�er tf+an ihose se�foAh m t�e Real Property descriplian or In 8ny tiL�e��sWartee potiey,bUe reD�.m'ftnai tltle opintan Issued in ,.
<br /> �.�'� � ' f3vor ot,and axepted by.l.enQer in connection with thl,Deed of Trust,and (b)Tntstor has Me full dght,power,end etuthodty to eoteCUfla 8nd
<br /> _ _ . � , defivm this OeeO o�Trusl to Lender. . � �
<br /> � Qef�rtse o!TIUe. SuCjecl to the exception in t�e paragraph above.Trustor warrants and wrD torever tle�end the tiUe to the Praperty agai�l tl�e •
<br /> \ �';,`�7. . lawtul elgims of all persons. In tAe event any action or proeeeNng�s commenced that Quesdons Trustors title or tAe Inter8sl ot TnStse or •
<br /> Lende►unds►t�is Deed of Trust,Trustor sh811 defend the BCtlOn at Trustors expe�se• Trustor may be the nominal party in such ptoCeeding,6ut
<br /> , . .!� Teustor wi'llJde vet.or�eavsepo be det vered to Le�dedlsi9ich�ir�Sftuments�Le derimay request hom Hme to N A'to permit sueh parttctp��d .
<br /> ;.�, ,i• , ..� Compilance WUh Lawa Trustor warrants tnat the Property and Trustor's use of the Properry complies with ell e�sting apPlicabte(aw�s. �
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<br /> ,..�• . � prdin3rtCes,and regutations O}govemmenTSl aulhontles.
<br /> °��:•���� i CONOEMNATION. TBe toitowing O�o�s�ans relaN�g to condemnatton prp�eedings ato 8 0�ot lhis Ceed of Tiust. .
<br /> ��`• °' '� App�itellon Of Ntet P�oceBQ9. �}8�� G�g�Y 0� Of the PropeAy�S COndamned Dy eminent domaln proeeedings or by arry p�ao08ding or
<br /> , �__.�;s, , '� purcnase�n i�eu of condemnanon,Lertder may et ds alectlon require that ell or 8ny po►NOn oi the net ptoCeeds ot the awsrd b9 epp�ied to t�o •
<br /> •.: , � Indabledness Ot the repd�r Ot restoration o�tAe PrOperty. Tho net prpCeeds Of the ew8rd Sha��mean the ew3r0 aRBi payment of efl r03sortabte
<br /> � • � � cost5.expertses.3�d attorney5'tees�ncurred by Trustee or Lender in eonnection with Ihe Condemnation.
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<br /> ' � PtpeeCdings. �1 a�Y P►oceedmg in condemnabon�s fite0.Trustor shall prompUy notiy Le�der in wrtUng,and Tr�stor srail rom
<br /> �'`. �' Steps as may be ng�gssa�y fo defend the acUOn and obtain th0 a rrard. Tr�to�may De thA nominal party�r►StcCh proceeding,bu!LendB�Shall
<br /> �,�';. `. ' b9 entitled to parUGDate m flte Drp�oeding end to be re0resented i�t�A O��ad�ng by eoun5el of i1S own thoicg,and Trustor will detiver a
<br /> '?'� . � Wusa ta bo dol:vered to Lender suCh insrtume�ts 85�nay be reGuested DY�TMom time t0 hme to permd suC�pNUC�pddon. ,
<br /> �=f.-`'•, . , IMPOSITtOH OF TAX£S.F�ES Af'!D CNARGES BY GOYERHMENTAL AUTMOR1TtE5. T�o fo�low�rtg pro+ASions�e�ahng to govemmentdl taxes.
<br /> a, , • fees and ena�ges are a pa►t 0�1►+is Deea ot Trust:
<br /> ,i;.�� ,� • CuneM Taxes.Fees an0 Chargea Upo��ea»est by Ler.der.Tr�Stor Shelt ex8CUt9 SuCh doceme��s m BdO��ion to t�is Deed ot Trust and 41ke .
<br /> - � • wha!ever otCer g�tion is requ8sted Dy Lend9r t0 Oerfett a�d eonhnUe lendor's�ign on the Re�l Property Tr�stor 5�3���eimburse lenQ6r fot All !.
<br /> ��;: •:! +axes, as C�sc��Detl DeioN. :oge��er mth aIi expa�5as��curred m reCadmg. pe�!eChr.g cr co��rtui�g tn�S Deed o�Tr�t,mCiudmq w+ttf0ul
<br /> �' . , am�Sauo�ai��axes.�ses.doCUmentary stamps.and OM@r Charggs tor reto�dmg Or reg�52enr.g!h�5 Daed Ot T�USt.
<br /> !'�'� Ttuce9. T�e�G�owi^•g sna:i co�sntuts ta�ces?o Nn��n ln�s SeChOn app�c2s �a)a speC�+c!ax upo�'��5 n0e 0�D99tl Ot TrUSt Cr up0�d11 0�7�Y
<br /> � �-•�'� ' a ti., .w..nm���7•„cr �h� a rnanflr.'ax pn Tr�tOr wh,�h Tr�fO�q duthCnz9tl Or roq�u8d t0 dedttCi hpm
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<br /> � . ' C31�'E^�S.^'h9"��2C'edre5s S?C�.�"tl 0-� ��'s r�fle�f�2ed o� T^�St. �C��.'3X On th�5 rl00���eetl a�T�ost cha�geaD�e aga��+sr me�enaer cr
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