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<br /> - �� 07-t4-ts99 DEE,D OF TRUST pa8e 3 `` , .- �
<br /> —'�" . - - <3` L�08e(�l0 866368 (Co�tinued) �.` �� r
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<br />-'-'�'`7 `.t. �_ . � - . I W�1 To Contest. Tnistor may withhold paymerri ot anyr tex.a5sassmeM,or ctaim in connectton with a gaod laith dispu�aver the obUgaHOn ��.�.,.,.
<br /> -;�`��- � ` " ,, 'I to paY,so tong as lenQers interest in the P�opeRy is not jeoparQmed. If a Gen arKes ar is fited as a�es�t of nanpayment,TnsLOr sha0 wHNn b�
<br /> --c''`�°-:� .� ` " . .'� � fd6een(15)days efter the lien arises or,it a tien is�e0.wHhin fifteen(t�days after Tn+stor has notice ot the figng,seeure the dscRerge af the
<br /> —e�:�`� • �.' . , lien.or it r�aqussted by Lender.deposit with LeRder cash or a suEBaent carpaate sucety bartd or other sacurfty satisfadory to Lend�in an ;�°'
<br /> �rf' � . ` amounl sufHdent to dseharge the fier plus any�end attomeys'tees ar other charges that ooutd ea�as a�esuB ot a toredosure or sale _ ,
<br /> —;c-�:k` �� under the Uea tn any co�esl.Trustor sha0 defend itse�f and der and st�all satisfY s�Y adve�se ludgment belore entorcement agalnst the
<br />___T.:.=.,: „ ,� ., . ., `_" PropaAy. Tnutor shaU name i.ender as an addtional ob�gee un. any surety bond tumished in the cor�ost prooee�+ngs.
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<br /> - - Evldenee of PaymenL trustor shalf upon de�rtand tumish W �Cm►fr svidence of payrwrn af the�s or assessr+rents and shall -
<br />_,.'��F .�-- _ � auihai�fhe appwprlate guvemmentel of6cial to defiver to Len, et any time a written statemeM ot the taxes acid assessmeals agal�,t the ,w.-
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<br /> -�.;� ''f �, _ ; [lotice ot Constmetlon. Tn�stor shall notity l.ender at least fifteen(t�days before stry work is commenced.enlr seMoes are tiu�tshed o�enY
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<br /> �..j..3�. ` �. �- � -- '' °c matettais are suppUed to the PruGeRY.d any mechaNBs Qen.mat�felmen's Ren, ar other Qen coWd 6e asserted on axoimt of the waAc, _.-,�=', .
<br /> '•�''�=• � �` `•.: setvtees.ar rt�riats.Tn�stor vn11 upon w9uest of Lender tmnish to Lender advance ass�uances��I►to Lender ihat Truslar t�n ertd wm .�
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<br /> •. °E�x � ' _ Pay the cast of sueh imProvements. =,r..
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<br /> �a- - `- PROPEii7Y DAMAtiE INSURAHCE.The fo�owing Provisions re�aUng to frutning the Properry are a paA ot this Oead at Trust.
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<br /> ' �:, ` MBfnten8feee o!instuenee. TntsMr ShaO Praure end matr�in poGeles of Rre h�surance wfth sianderd mAended cavaraSe enQoiseme�on a :
<br /> � �` � r reptaoeme►�t basis tor the futi insurable++al�a covering aU Improvemenis on the Rea1 Properly fn an amount suf�derd to avoid eppGCa6on af arry
<br /> . ,�.- ` ��'` • 4` . .,' ' m e d a u s e in tavor ot Lender. Trustar sheD also procure artd mairdatn camprehe�ive general
<br /> i:,- .-. c o i n s u r e n o e d e u s e.a n d w i t h 8 s t e n d e t d a r t 6 g 8 e
<br /> ° ` tiab�Ity i�ur8nce in such coverage amour�as Lende►may request wUh irustee and 18nder b e lrtg nam e t!as a d d tla n a l i n s u r e d s i n s u c h U a b U t y
<br /> i., '�';. -�.-� • --- Inqurance Pppcies, Add'ilionailyy.Trustor shail matrdain such other insurance,indudlrsg bul not fimfted to hazard.husfness internrytton,and .^
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<br /> .�.i- ' -�'_;' ba'[er insurance,as Lender may reasonabtY re4u1re. Potides ShaU be w�ilten in farm,amounts,coverages and basts reasartabN acoeAtabte to
<br /> 4ender and LSSUed by a comparry or companies reasonabry acceptab�e to Lender. Tn�stor,upon request of Lender,ar�U defnrer to Lender f r om `:' �
<br /> .,"_:•:�.`. � . �:"; time to tlme the polides ar eertifi�tes of insurance in form saUsinctory to lender.Inctuding stlp�atiorts that ca�+eraSes wd!not be canoelted cr . - -
<br /> ;j � diminisAed without at Ieast ien(t0)days'prior written noti�to lender. Eset►ir�sur8nce DoIlCY elso sAail indude an endorsemertl provfding that
<br /> v.�,z, _� �� ��,� cov�age in(avor ot Lender wili not be impahed in any way by any act,omission or defautt ot Trwtor or any ather pe�son. Shoufd ths Real .
<br /> �.L :;., . • . �� i Property e!any time became lacated in an area Qesignate0 by tt�e Otrector ot the Federal Emergency ManageR+erd AgencY as a spacial ftood
<br /> �'� : ] ha�rd area,Tnistor agrees to obtain and mai�n Federal Flood tnstusnce fo�the tull unpaid printtpal balance of tAe to3n,up ta ihe ma�dmum ���. ,
<br /> �`��•�?;• _ y i poGt,y Iimits set under the National Flood tnsurance Program,or as otherwlse required by Lender,and to mairdetn sucA insuranCe tor tAe term of _
<br /> the lis3n. ''lt•t.
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<br /> � .��,��'.. • . Apppeatton ot Proee6ds.Trustor shail prompUy notity Lendsr ol any loss or damage to ihe ProPeAY. Lender msY make pract of loss if 7rustor��
<br /> ...:..::.:..t:..,_ .�:,-.. ...�.��:.o � fe�7s to do So withinS�ftesa(1�days at fhe casualty.Whether or not I.enders securit�r is Impaired.Lender may,at its e(edton.reeehre and w18(A�`-"� � ,
<br /> . t,.-q.>1-' '� . - ,,`` rd o}8nyt Qen eftecBng the PtoAefi��� � --
<br /> �:: the prpoeedq of anY insurance and apPty the proceeds to 1he reQuedon ot the InQebteOness,payme
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<br /> ',�i ,, . � � restoraUOn and repalr ot Me Propertyr. It Lender etects to aPDly the Oroceeds to restoraUOn and repsh. Trwtor sha0 r�aU or replace the p� Y�
<br /> "`c�:i� ' � "'� damaged or destroyed ImprovemertLs in a manner satLSiactory to Lender. lsnder shall,upon sa�stactary O�oof at such e�en6hue,pay ar � �
<br /> • '�•��;`.�, `' � '� relmburse Trustor irem tne proceeds for the reasonabte cost of repa1r or resWratton if TrusMr is not in defauit under this Oeed af TN51. Any � _
<br />_- ':.::,;•;.: � proeeeds whiet►have not been drsbursed within t80 days after their receipt and whieh Lendar has not eommitted to tAe repalr or testaiaUan of
<br /> •°-��•ti�. � the Praperiy shatl be used first to pay any BmouM owfng to Lende►under this Oead o1 TruSt,then to pay acaued inferest,and the remefr+der.N �1 "
<br /> • .'v"� - ' any,Stiall be appifed to the prindpal Oalance of the�nde02edness. it Lender ho�ds atry proeeeds a8er paymeM In futl ot the tnQaOtedness.Such g� , .
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<br /> �" ti�„�,. proeeeds shatl be paid to Trustor as Trustor's IMerests may ap0ear• .
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<br /> :r, �:.`� , . Une�pq�tf tneutance e1 gate, Any uaexpired insurance shall inure to the benefrl of,and pass to,tfle purchaser ot the Property Coverad by ths
<br /> '. 1 Deed of Tnlst 8t 8ny trust89'S s8le Os othBr 581e held undet the provislons of this Oeed oiTtust,Ot 8t 8tsyt toredosute 5818 Of suCh P9rOQetly.
<br /> `•^+r.�'L•• - . � i TrustoPs Report on Insuranae. Upon requesl of Lender,however not more than once a yrear,Trustor shall fumish to Lender a repoA on each .. ' � '
<br /> e�dsting policy of insurance show�ng: (a)the name ot me insu�er: (b)the dsks insured: (e)the amount ot the poticy; (d�the praperty hrsured.
<br /> �;,� �•' � � .��' l b e t h e n c u r r e n t re p l a c e R e M v a l u e ot s u c�pr o p e r t y,and the manner oi 6etermlNng that vatue;Bnd (e)the m�(�aflon date of lhe po0ty.
<br />- ��::�' • Trustor shall,upon request of Lender,have an i�dependent appraiser saBsfactory to Lender determine the cash vatue reptaoemeM c o s t a f t he
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<br /> ;�,,'�.' . p�F�(p�TUREg By LENpEq. tt Trustor fails to wmpty with any provtsion of this Oeed ot Trusl,or if any acUOn or procee�ng is commenced that
<br /> , ;,3::.- ` � � would matertaily affecl Lende�s interests in the ProDerty.l-ender on Trustors behaif may,bN shall not be required to.take any eCtlon that lender ;
<br /> °. . deems appropriate. My amount that Lender expends tn so dotng wili bear interest at the rate provided ta in the IVote trom the date tncurred or paid
<br /> ' ` � by Lender lo the date of re0aymeM by T r u s tor. All such e x penses,et Lender's oDtion,wHl (a)be payahte on Qemand. (b)bs added to the baiance
<br /> ;'.��,�". � � o}the Note and be aDPorfloned among and be peyabte with any in5tallment paymerds to become due during eflner (i)the tetm of any ayD��le •
<br /> � ,;::-''. . �' insut8nce poiicy 9r (ii)the remaiNng term o}ttte Note.or (C)be treated as a balloan peymenl wntcD wlll Ee due 8nd payabt�at 1hB lVOte's matw(ty. .
<br /> d;;;; `• � This Oeed ot Trust atso will secuce payment of lhese amounts. The dghts proWded for in this peragraph shall be in add�tlon fo any other rtghts or any
<br /> �'� � . � remedie�s to which Lender ma;Ee enUUed on aecount of the defautl. Any such action by tender shatl not be consUued as cudng the delault so es to • . ,
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<br /> � ' • 111 bar Lender from any remedy thn!il otherwise would ha+re had. '
<br /> ' ;��Y1� ` ' _ " ?.� WApRAlJTY:OEFEt�ISE OF TI11.E. Tne followfng prov�s�ons relBUng to ownership of the Properry ere e paA ol this Oeed of Trust.
<br /> � F 't . . � Tttle. Trustor wanants thax (a)Trustor hotds good a�d marketa6le tiUe ot reeord to the Property in fee Simpie.�ree and ciea►01 eU I1e�+s and
<br /> ?. '".�' � � ,' ( enCUmbrenCes othet then Ihose cet toRh in 1he Real PtopeAy d�ption cr in 9ny tiUO�hSUrartce poGCy,tille repoA,or flnal tiUe op�ni0n is3ued In .
<br /> {t` . � ,. � lavor ot,and accepted by,len der in connection�vith thls Oeed of Trusl,and (b)Trustor has Ihe full right,power,and authodty to execute and-
<br /> - deliver fhis Oeed of Trust to Lendar.
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<br /> .:,�Y, �� � Oefense 017i11e. Subjett to the exception�n Ihe paragraDh 8bove,Tru5lor warra�is and wlU torever defena ihe Utle to Ihe Property agatnst the
<br /> �;��•:, lawful ctaims of eil persans. tn the event any acdon or prnceed�ng)s commenced that questions Trustor's tiUa or the lnteresl ol Tnrstee or
<br /> • i Lender under th�s Oeed ot Ttust Trustot sha�l defend the acUOn Bt 7rustors oxpen59. Trustor may 6a the nominel party In suth proCeedtng,but
<br /> ' Lender Shali be entitlod to paAiCipate in the proCeeding and lo be r0Are5ented In the proCeeding by eounSei ot Londers own ChotCe,and
<br /> .��� . . � Trustor will detiver,or cause to be delrvered,lo Lender sucn instromsnts as Lender may request from Ume to time to permit such p3Riclpatlon. ,
<br /> i� '. � . � Comp118nCe Wlth Lsw9. Trustor wsnants fhat tne Properly dnd Trustor's use oT the PropertY complies with 811 existing appliCBbIA laws, � .
<br /> f;�1 .` � ordinances,end regutatlans ot govarnmen�l authonUOS. •
<br /> •�:• • � CONDEMMATtQN. The following provis�ons retatmg to Condemnation proceedinps are a part ot thi;Oe9d o�Trust. ; �
<br /> '-i' ' QQptlCetton ot Net P►oceed9. �1 all o► any parl 01 the ProDerty Is tandemnod by om�nent domsin proCeedmg,0�by any proceedi�g o� �
<br /> i=� ' purChaSe in lieu 01 tondomnation.�ender may at ds e�oCt�on reqwre that el1 or any DorGOn of the net proCSed9 01 the eward bo epplied tO the
<br /> .� � �;i Ind2btednes9 Or thA repa�r or roStOre6on of tho Pro08rty. The not proceeds of Ihe award s�all mean the av�ard aftar paympnt ol a�l reasonable
<br /> ' ' co5$,expen5e5.Snd A!tOrneys'tf95 inCUrrgd by Trusteo Cr LenOer�n conn2ctipn with I�e Contlemnat�On. � �
<br /> �:: .
<br /> :: � • ; PtoCCeditt(l9. If any proCeedmfl�n Co�demnahon�5 61ed.Trustor Sha11 promplly not�fy Londer�n wnting,end Trustot Sha�l promptly IHke SuCh
<br /> �:. . . SlopS as may be noCeSSAry 10 dofpnd�he aCt�on and obtain thp 9wtlyd. Trustor may be Ihe nominal party�n suCh proCeed�ng,bul Lender She1t
<br /> '"i� - � be e�d���ed!o parl�c�pate�n Ihe proto0tl�ng anA fo be reprgSO��ed in the prpCeed�ng by Cou�sat Of dS OYm chalce,end TrirS�or w�n de��ver or -
<br /> �i�. �- � CauiO fo b9 tlel�ve�ed 10 Lender Such m5trumpnl5 a5 may b9�oqueSlOd by d hom tim0 t0��me lo p9rmd SuCA p�rt�Cipati0n.
<br /> ,. ���. � . . ►lAPOSITION OF TAXES.FEES ANO CMARGES BY GOVEANMENTAL AIRHORITIES. Tne lorovnng pro�s�o�s re�ahng to govemmental taxos.
<br /> �.!`.,.' • �ees en�charges aro a part o�fnr�Deod of Trust: :
<br /> ' Current Tnxes.fe�s ond Chnrges. Upo��enuest�v Le�de� T�us!o�sha:l exacu�o s�e�OoCUmonts��add�'�on to th�s Doad of Tru>t antl take
<br /> ��,�: , viti�l8�r0r Ot�flr dction�5 requOS:Otl by Lan�gr to De�tECt a�d cont�nu8 Lentlar's I:an On t�p R0�1 F'roperty. TruStar;ha���e+mp,,rs0 Londer to�ai� ,
<br /> . IdxOS, d5 tl95C��D8d b9�0�.v. tOCJ'Jthp� �Hdh �I� px0?^SOS ��CU�ted �� �ecor�mg, oo*�ecnr.g pr COnLnU�nq Ih�S DOOd 0�T�U51 �nC�udmg wdh0ut
<br /> i�m�l�hpn�il IaxBS.�°B5.tlOCUmOM<lr�St3mpS.dr�OthBr�rarges}or reccrtl��g or rng�sl0t r,C3�t.�S�ePd Ot TruSt , .
<br /> ' TflYP� r�.��.,n�.x,.��en�u^nnC'�����0 I�YnC In 'llhrh th�G caCh;n ePP�'�� (�1 d SR��f'-'� �DOn thi5 h/pe ot 098cJ ol T��51 or uPOn a:. Cr a'+Y
<br /> . . oa�t of:�ne�ndvD'�dne5i SPCU'Ay bj�°:5 DBEd ��ir751. �Oi a cpgC�h�'JI On .Tt�5I0'Nr��h Tn�gtp �c 3U1hpnZJ� Or reQw'Bd 10 d4dUC1 trnm ,
<br /> �]Y�^•f��5 J� Ihe Ir�jpp!?;�!`F:±S�'!�:1fnrJ��i'n.s rrpP o}Deed o�rru;�. �c�a�a.On fh:4 typa ot L`eec] of Trust chargeaD:Q lgvns�Ihe Le�der a
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