|
_= 4 _-`yr=7 . ;�..=.z=::�.. _. �...r...:
<br /> .� '-�...4...,r=� '— - .� . � . _ _�.
<br /> - s
<br /> - � ,' .��"• . . t_ ` ` ` r . .�i � � . .J '2� _��.�
<br /> � ' Y
<br /> _ " �
<br />_ i , .r: - ' ' ' ' . _ _"' : : � c .-. .`c' ' ' _ ' ' . � .-� "'
<br /> - - =6�r f(.,: t r'. 't . . �i� -.��,� ., :�
<br /> ��} - t' •i Y-- - - . . `F . • � �{� c� �.f� C' � . �_.._._�_...K.�.�.�,.,c ���! . .
<br /> �tr- < "[.- _.,�.__Si: . __ s�._,. .. .-. ,...._.._.__�_.��...._ - �r - <`�
<br /> �f,� .f. . .� •��� _� _ _ __ "_' _ � _- _ a(, ft ` '
<br /> �'�- _ �:� � ' DEED OF TRllST Pege 3 _ -`'
<br /> .:_ r � � ` Oi-A7-7999 .� ���a��� �
<br /> # 4� Loan�t0 861955 (Coratinaed) �R �`
<br /> _ �� -- ,
<br /> "�" ` � :.� PBymetN. Trustor shail pay when due(artd in aD events p�ior M dgUnquency�ell faxes.s0eefal laxes.essessments,charges(including water
<br /> ;}:: . ,�` . • ` end sewer},8nes and impositlons lavied agetn..ct or on aoeourd o!the PropeAy,end sAaO pay when due ail dat�ns tar work done an�far < , .
<br /> ��'":.,. , `.r•_ s�vices rendered ar material fumished to the P►operty. Tn�stor sRaU mairdain the Property hee of aU Gans ha�ing priodty over ar equal to tho ,..`f.'.���
<br /> ;�;-.: ,,.":; .. ..'-�`• ; i�t ot Lender under this Dead of Ynu�excePt for the Ben of fa�ces and asseurmaNS not dua.exeeP!foc lhe e�lsting IndebteQnesR reterred .. . �r
<br /> u
<br /> , � . �' � to below.and wccapt as atherxdse provlQed in ihis Oeed of Tnst � `� ,. :'�
<br /> ���� ' : -� Rlght To Contest. Trustar may wfthhotd psymerrt of any�4 a55essment or Gaim in connecdon wHh a good faith dispute over fhe oDtlgaUOn ,,.:. �
<br /> : 3� � ' m PaY.so long as Lendefs interest in the Properry ts nat jeopmdl�d H a nen arises or is fited es a�esuit ot noMaYmeM.Tru�cr s�wfthin _
<br /> c - i� "
<br /> °��: t..; . . • , .'�'' fsfteen(157 days sfter the 6en ar(ses or,if a Uen is�led.within fdteen(t6)days after Tnator has rtottoe of the fiAng,sec�ue ttie QLSCS�rge of the .-,
<br /> �;�, , - Gen,or d tequested Dy Lender.deposit witA Lsnder cash or a SuHider�t cotparat9 Stuety bond or ofher seauttyr setistaetory to Lender(n an �", .��,�<<`
<br /> s���;,_ ,.�� _.:. amowit suflidertt to�har8e the�en plus anY costs as�C ettmnsys�tees or other char9es Ma!coutd•ecaue as a resut of a lmecfasure a sate ;��
<br /> � '� .-,�, ,.—; under ihe Gen. In arry contest.Trus6cr shafi defend il�it and Ler�der and sha8 set�y srry adtirerse judgsnant be�ore e�nt�!he
<br /> _.. ,
<br /> �:` �-r`` ... `� PrcpeAy. Trtutor shaU name Lender as en ad�iUonat obAgee under a�ry surety bond tumist�ed In H�e contesl proceedings. _ -
<br /> � .. - <�-. .. _ -...
<br /> -. � .,� ' - Evidence of Paymen� Tnstar shaU upon demand hunish to Lender sati�actay evidence of payment o!the ta�ms or ass�smerds aad st�aU -
<br /> , authorfxe the apPmPrlate govemmerdal o�dal to deaver to Lender at arry time a w�itten slaLement at the teooes and a�merds a�frRt the ,„ �:: `
<br /> _ ;' _ .. �p�. .fi�` -
<br /> f•� � `.,' , _` `�`_�_ HoAce ot Conshuttlon. Trustor shaU noBiy Lender at ieasi GReen(1�days before siry wo►k ts commenced.enY saMces are t�untsheq,ar arry _ ::.'�.:`°.
<br /> ; . �. � .� . msteAeis ate suppUed to the PtaD�ty�it any mecheNC's Uen,materiatmen"s Ren. or other Iten couid be esserted on aocourd af Uie woAc. _- _�- :;
<br /> - .,,..:, ' serviees.or mafmlais.Tnatar vum W on re4uest ot Lender tumist�to Lender advanc�assurences sattsfactory to CertCer that Trustor mn and wm • �
<br /> ' � :: ,�,:.:r���_�:.,.
<br /> _ . , .__ .- pay ihe cost of svcn improverr�nLS. - °, .
<br />_� ` t`, ,'�s;-' , PROPSiTY QANlAGE Ii�fSURANCE. The following prov(slo�relatfng to insurtng Me Propady are e part of thls Oeed af Tiusi ,`.��`_,:`-
<br /> ��, ' .< <.;. Mptntet►ance ot Insu�ce. Tnutar sAaO procure and maintein pa4des of ftre insurance with standard�dended caverage ertdasemerds on a � -
<br /> -�� j repta,cement basis for the full insurabte vatue covedng all Improvements on the Rea!Properly tn en amount suftident to avoid appifca6on of arry ` � '� `
<br /> ""�`-t:. : . cofisarence datsse.and wtth a standard mortgagee dause in favor of l.ender.Trustor she0 aiso procure and maft�in comPwhessst�rre generel ` ...�� .
<br /> � �:, Uabitdy insuranoe in surfi coverage amowds as Lender maY�eqaest w8h V�tee and Lender betng named as addrtlonel insureds M such Qabifily . = -_
<br /> irtsurance poAdes. AddHonalty.TnisWr shaU matr�ffiin such other h�surance.Mdudtng but not timited to Ma�td.business trderrupUon.and -.�•4r,• '°.
<br /> � .. boUer insurance,as Lender may reasonabiy requlre. Poitdes shall be wrltten In farm,amounts�coverages end bssis reasonebry fl�ble to - ' :.,,.�.
<br />..s.�..: � ..
<br /> �:r� �' � � • Lender and Issusd by a company or companies reasonably atxeptable to Lender. Tnistor,tcpon request of Lender,wifl deQver to Lender irom :-:
<br /> if��`^ , �- i'.. ;_,'�,: Ume to fimme the po9cies ar certl8eates W Insurence in form saUSiactory to leader,induding sUp�Faflons fhat coverages wiU not he canoeited or -; :: `.
<br /> . e certl
<br /> t , _ _ diminished without at taast ten(10)days'prior written no9ce to Lender. Esch insuranCe po�cy atso shaD tndude an endorsemer�provl�ng lhat
<br /> � coverage in tavor of Lender v�nll not be Impatred in arty way by arry ad,amtssion or Qe(ault of Trustor or any olher person. Shotdd the Real r ��
<br /> = _=`• y , � Properly at arry time becoma tocated In sn area destgnated by the Dhectot of the Federal EmergertcY Managemerrt Agencyr as a�edal ftood
<br /> ��� ; ha�ard area,Trustor agreas to obtsin and meintaln Federet Flood Insurance for the tull unpald pdnctpal baSance of tAe loan,up to ttne me�dmum ' '
<br /> i'=. • ' , '
<br /> �.. . , �,'; poticy Omfts set under ihe NaH+onal Flood Insutance Program,or as othenMSe requUad by Lender,and fo malntain s�insuranoe for the tertn of '. �i`
<br /> '� r `• .' �I8�08f1. �'
<br />_�:o,�%:.y_.._ :_...-._ . . .
<br /> '�rr��. .; , ' r.- Applicfltlon o!ProeeeQs.7nistor shaU prompity notliy Lender af arry Ioss ot damage to the Property. Lender may matce proof of loss N Ttustor �lt �
<br /> a;.�: ..., � , . .f l ta0s to do so wFtlUn flfteen(/5)days of the casua►ry.Whather o►not lenders seetaity fs impatn9Q Lender may.8t its etecdon.�eceive end retain !L�
<br /> � ; � the prooeeds W any ins�rance and apPty the proceeds to the reducNon ot the Indeb�dness„payment ot anyr Aen afteding trte P►apeAy.or the _ .
<br /> , � �r � �; restaral3on and repair of the Properfy. If Lender elects to aDPN �Proceeds to�estoratlon and repair,Tn�stor stiail reP�►or repiaee the � ':-
<br /> ...r.,. Tg �.
<br /> 1'%z �� ..�. .:. � demaged or destroyred tmprovemenls in a mana�saUSfactory to Lender. Lender shaA.Won sa�yr Praof of snch e�endtture,OaY a► ::�r__;
<br /> • �,1:.;�;:• _ . � retmburse Tn�stor from the proceeQs for the reasonable cost of repeir ar r�storaUOn B Tnutor is not tn default urtder th(s Oeed o!Tn�sL Any ;.,_;
<br /> . .. �..
<br /> . , proceeds whieA have not been disbursed wHhin 18D days after their recetpt and wAich Lendar has not commiSed to the re0�►w r�toiaUon ot '.`.. 4_.i.
<br /> �j�,�, �;::.{ , it�Property shail be used flrst to pay any amourtt owing to Lender under this Oeed of Trust,fhen to pay aaxuued�norest,e d��dmai�nder,.�tf :_..
<br /> �.=��,. .� � .��, a�ry.shall be app6ed to the pdndpal balance of the Indebtedness. lf Lender hotds arry proceeds aRer payme � ��rv��_
<br /> .�_�il�:c- . -- Draweds shalt be psM to Trwtor as Tn�ta�s interesis maY eaDeer. .�`�,`;''.�=�4
<br /> �� `�`� - - ' '� ,' Un�pired Insurence at 5818. Arry un�cpired insurance shall inure to the benefA of.and pass to.the punahaser of the Propetty cavered by thb
<br /> ' `� � � . Oeed ot Trust at any trustee's sale or other saie heid unQer the provtstons af thb Deed of Tnuf,a at ar►y taredosure sete of sucl�PrapeAy.
<br /> :...:
<br /> - ��`,�. • Comppance vlfth E�GSihtg MdebteanBSS. Ouring the perfod in wh�h any Exlstlng indebtodness desaiDed Oe�ow is in effect,eomp�w(th ,
<br /> ( � � ` � the i�ur8nce provisions contained tn tha instrument evidenctng such E�dsting InQebtedness shell constltute compqano0 with tha in9urance '
<br /> �t�.'�`_ � pravlslons under this Oeed ot Trust.to the exteM Compiiance with the terntis of 1fiis Deed of Tn�st woutd w�tltute e duA1tcatlon ot h�urance - T
<br /> ��•,:; requlremenL If any praceeds hom t�e fnsuiance become payabte on toss,ihe provislons in this Oeed of Trust for division of proceeds st�ail • � .,� •r=:,
<br /> - �• �::�.' . - appry onty to that portlon of the prooeeds not payable to the hotder ot the Exl.Ung tndebtedn�s. '
<br />_ ';i':.,;i,-. _ �- ; -
<br /> Ttustor'8 ReQoA on tnsuranee. Upon request of Lender,however not more lhan once a year,Tnutor sha0 tumish to Lender a repoA on each , " ��,';..
<br /> ���I�., extsdng polky ot Insurance showing: (a)the name of the Insurer, (b)Ihe risks Insured; (a)the amourd of tt�e poitcyr. (d)the propeAy Insured. • : �
<br /> ` }`,,,• ' ;.
<br /> ::��,�'; °r � � - the then eimen!reptacement vatue of sucA DropeAy.a�A the�arMer ot determining tha!valu�end {e)the e�UeUon dal�af iha poAcy. ,'�,•�:` .:,•�
<br /> _$�_,:�; ' Trugtor shall,upon requ e s l o t L en der,h ave an indepenae�a p pralser satisfacto ry to Lender d�termine the casA value repfaceme�cost of the
<br /> .r ;:.r, Pr00e�• . :.:•_.,
<br /> �:•� �'• � , • plpp�pfTURp B1/LENpEp. 1}Trustor fails to compy wifh arry proWslon of this�eed of Trust,InCtuding eny obllgation to maiRfeln E�dsBng �
<br /> fl
<br /> ;°� • � Indebtedness In good stendfng as requfred betow,or N arry acUon or prcoeeding Is cors�menoed fhat woutd materlalty aHect LenQer's interesb in!he • .
<br /> _."' ,, Prpperty,Lender on Tnistofs behaif may.but shail not be requlred to.taka any adlon t8at Lender deems appropAate. Any amaunt that Lender .
<br /> .�;?t-'•, � e�enQs in so doing wili bear Interest at the rate provtded tnr in the Note from the date incutted or pald by Lender to the date ot repayment by •- .
<br /> ��� �' � .•� Trustor. All such expenses,at Lenders opllon,will (e)be payabte on demand, (b)be added to ihe batance of the Note and be apA�oned among .
<br /> ��;`�;'• and be payable witb sny ir�teltment payments to betome due during either (i)the term of arry appticable tnsuranCe poltcy or pi)the remelNng term ,
<br /> r J��• �' � , of the Nute,or (c)be heated as a beiloon payment which wtll be due 8nd pey8ble at the Note's maturiry. TAI9 Deed of Tnlst elso w(II s�ure
<br /> : .r r.. . . . . , �
<br /> ��.x: payment of th�e amounts. The rights provlded tor In this paragraph shall be in addNon to any Other 8ghts o►any remedies to whlch Lender may be '�:•,.
<br /> _• �;;���_ ' � � .� •':_� en�tletl on accouni ot the detaulL Any such actlon by Lender shan not be consWed as curing the deisutl so as to bar lendet Nom any remedy thai
<br /> ., ,
<br /> ' it othenNlse woNd have had.
<br /> � ,,�. MIAHAAMY;OEFENSE OF TITLE. The�toilow1ag ptovisions re�ating fo ownership of the Properfy ere e part of this Dead o}Trust. �
<br /> : �';.�'.
<br /> �• Tltfe. Trustor warrants thet: (a)Trustor holds good and marketable Utte of record to the Property in fee simpte,trea end Ciear o!e0�ens and . • .
<br /> � • � ' encumbranoes otAer than those set fodh in the Real Property descdpuon or In fhe F�dsting Indebtedness seCtlon Detow or In any USe Insurance � �
<br /> policy,tille repaA,or flnal titte opinlon Issued In�avor o1.and axepted by,Lender In connection with th►s Deed of T.rust,and (b)Trustor has ihe .
<br /> +; �,� ' ' y futl dght,power,and authority to execute and deCnrer thts Deed of Trust to Londer.
<br /> . � � 08tense of Tttte. SubJect to the exceplion In the petegraph above,Trustor wanents and will torever detand the titte fo the Property egainst the
<br /> "#��r,�� ' ` � lawlul Claims of all persons. In Ihe eveM any actlon or proceeding is commenced Ihat quesflons Trustor's titla or ths Interest o}Trustee or ,
<br /> � � � Lender under this Deed of Trust,Trustor s�ali defend the acflon at Trusto�s m�pense. Trustor may be ihe nominal party in sueh proceeding.but
<br /> �;.�;'..'.. �., Lendet shall be entitled to partiapate In ihe proceeding and to be represented in the proeeeding by counse�of Lenders own choice,end i
<br /> ,L .; . { T�ustor will deltver,or cause to be defrvered,to Lender sueh insfruments as Lender mey request from Hme to Umo to permil such participation. �
<br /> �•""�. Compfiance With Ltfwa Trustor werrants that the Property and Trustor's use o}the Properry compties with ell existing eppllcebte ISw9, • �
<br /> ����-; ' ' ordinances,and regulaUOns o1 governmental authoMles. • _
<br /> �,._•.: ' EXiS7IR0 INOEBTEONESS. The foliowing proNS+ons concern�ng ex�st�ng mdebtedness(the'Existing InCebtedness'ry are e part of thl9 Deed of •
<br /> �-'. '` TtUS1.
<br /> ���"'�� • � EYlsting Llen. The lien of this Oeed ol Trusl seturi�g tRe Indebtedness may be secondary and tnfedor to an e�dsting Uen. Trustor expressly � �.
<br /> '4' ` .� coveoants and agr885 to pay,or see to ihe payment ot.tho Exishng Indebtedness and to prevent eny defaNt on suc�indebtedness,any detault �'
<br /> .`=:�...�_ .
<br /> �-- � under f�e tnshumenis evidenctng sucn mdebtadness.or arry detautt undm any secunry dxuments for such indebtedness. !
<br /> •�.�. �,;:. ' DetBUlt If the payment ot e�y��s�a�lmert!o�pnnapel or any interesl on the Ewshng Indebtedness�S no!made within thg Ume required by tha ±
<br /> .�, ':. �ote e�denGng such indebtedness,or should a delsuit oecur under the instrument secudng such Indebtedness and not be Cured during any �
<br /> i , , eDP��Ceble grace penod there��.ing�.et the option of Lender,the Indebtedness secured by th�s Oeed of Trust shall beCOme immediatety due , _
<br /> �<' � end Dayable.and th�s Deed of Trost sha�l be�n default.
<br /> ��. ", No Modiflealloa. Trustor shan nOt enler�nto Hny agrgement wdh the holder o�any m0�igage,deAd of t�u5t,or other Setunry egte9mertt v��CA •
<br /> �S' ••� " nas pnonty Ov9r fhi5 Deed of TruSt by wh�Ch thdl egrBement i5 mOtl�fied.emended.B�[tend@d.Or renew@d vtdhoul the pno�wntt0�COnSBnt of �
<br /> - �vntiw 7��icn oim�rro��t�o� ' '-'- ' a.,�...v ., r ��'.�II��:3^w..L�..•••' , _.:^.!'G--_^w e�.mmnnr wrtnn�d tha nnnr vmkan�nnSRnt et - _- , -
<br /> ��i . '� !enflBr. �eyvo.>. w " i
<br /> , .:� .
<br /> �''` ' '
<br /> '.��: ' i.
<br /> f: . ,.: ,. � .,: ,. , . ;
<br /> :,:.:s ,. .t: , � •,,. ,; :. ,• .� .. '.,.,•' . ` ' . '� •�
<br /> ,., .�° ;. .. . . .. . . „.. , . .. . , . . .��� .... . . . .. . , + .. , � . . . . . ���.._.
<br />
|