|
���4I'��
<br />��S''4 r�
<br /> S*� *�4
<br /> � 'uY".
<br /> �ti� 3"y
<br />��
<br /> I
<br /> �
<br /> �
<br />'fi'f �4'S
<br /> �,�S,Yd
<br />���� �+
<br /> >�Zl?:�,y�
<br />✓�i C�
<br />�
<br /> `+qri�
<br /> ���
<br /> s
<br />' . 01-'15-1999 ,�C,�Q �s D�ED Qr zREJ��
<br /> r�k � � Loan ��� 7f�&85 �-' ���e��J • "�, g P�,Se 4 �
<br /> -------_--�-------�--_- . �Gorttinued) �
<br /> r 'S --- — �
<br /> er ce�f�cates cf i�urancs fr+�rrn y3Estacfoy to LAnd�r Ine!u�itg stipulatiorrs tf�et cover,ge;�v;;i not�e c.ance4ed or diminished H�ithoul at
<br /> 'd Ir:a_St I�r!i0`�a S
<br /> , ys'pr��r w;itien notir,2 t�Ler,das. E'ech i���rrse�p�ticy a�o sFatl inc!u�an eraorsemeni pro�ding that co:brage in fsvor o(
<br /> ;°rd°;';+;1� no;be;,r.;,aired in acy way by zny s�t,em;�:or,or detaWi af 7ru?tcr or any o;her pers�n. Should ths Rsal Pr .�
<br /> beco;r? I�^�,ed in 2n area de�natEd by th�Dir>c:er c!fhe Fedsrai E q��y at any timn_ ��'
<br /> rr�rgarx'Y hlanagement Agancy ss a specisl!food hazard erea.Trus!or �
<br /> ac�re�^ ip eb4.in and mainlaln Fade:af;=1eod Insexar��a�y�}��nFy�d G;�r•�;roa'batancN oi lhe ioan,up to tha mauintum policy Iimits set c
<br /> undsr;he F1aNOn21 FIa�C Instrar�Proq:gm,�r ss o:l�uisa reauiner!by ter.�er,,�nd to maintan s.x,�h f�swancc,for ihe term ot t�s Ioan.
<br /> Apptitetlon C!Pro�p�g, T�i,�!p�s�jg�;���,�y.?,Ler.der oi any Soss a dama�b!he Property. Le^ds:may,make proof of lo<_s lf Trustor '
<br /> tai�'o d�so with?n F.ft�n(75)du�s o'tfis c2suafty. t�yhe!!���ot Lender's sec;r.ity 3s impqired.Lender may.at its elec!ion,receive ar,d rEtc�in �
<br /> tha pr�-eeds of arry i�surance ar.d a � �
<br /> PpN L+ie pracsecfs 4e Lho reductiar,of the Indebt5��ess;pavment o!eny 13e�affecYng iPro Prcpe-ty,or ths ,,�{
<br />�� . reslora��on und reaa;r of tho Froperty. ft Londer e!6c'.s to aRP'Y'�P�xeeds to !estorstifln end reflair,�ruslw shsR repair or replace tho
<br />'' d�m�9^',�L`! de<_'royed lmproven,en�s tn a men�rer sstisfactonr to Lender. Lender shM,upon satEsfaciaay prooi ot such expenditure,pay cr �
<br /> " hV�. Te'mbur:,�'rus!c:from t�e p;ocaods icr,he reasonab!e rost of repair x resi�ration H 7rustor!s no1;n dstau8 under thls Deed ot?rust. Any
<br /> prree�s which hyva not hea�dista�%,er,w�thin tg0 da}z aNer thyir re��ip;snd whfch Ler,dor hes net coinmitted to the repair or rtis;otatlon et
<br /> `�e?ro;,�r!y st�ati b�u�eC firs',to pay any amount rnr'ng tp�e�der u�der this Dued ot Trus!,ther.to pay accrued interest,and!he rsmuinder,!t ,�:
<br /> a�y,shs`I G�apofied to`,�e p.7r,�ipal baJ3nco o!the indtib;adrtess. !f Ler,da�hdds any�recee�s after paymeni in fu"of;ha i�debtedness,such
<br /> proceed�shal!bo paid to Tr;r.lcv as Trtstar's interests may ap,�ear_
<br /> U�explrr.d lnsuronte at 5a�c. Any une�i�frd irzsu�ance shap Inure fo the Eenefit o!,and pass to,the purchaser ot the Prc�perty co�rerod by thfs =?
<br /> D�d oF Trust el any trt,5te?5 saie ar athe-sa18 held undet lhe provSs?orts ot th�s�Jeed of Tr•,tst,or at any fqreclosure sala of such Prope�rty. p
<br /> �XPEN61TURcS BY LEPiDER. ;f T;us!or�siis t�comply nith any prcvislon of tPus�?eed o!Trusf,cr if any acSon or Froceeding is commonced that
<br /> wauld matenally aHcr_t Lendor's Inleros�in fhe Propecty,Lender o�Trustor's DehaN rtsay,b�t ahal+nat be requked to,iaka any ection thaf Lender �
<br /> de�ms sp��c�pr,ata. P�y amount ihat Lende:e�ends M so dany�wi�bexr in.ere,l at the rute provlc�ed tor In 1he Vptn hom the dato Incurted cr pald �
<br /> b��Len�+er to the date ot reaa x I
<br /> yrrsnE by Trustor. AA such e�pers�,a!Lender's eption,wi� (a)be paynble on demand, (b)be added to tha balance �
<br /> cP the Noto and bo apporttoned among and be p�tysbla y�th any instaRmrnt peyments lo tst+come due during eHher (i)�he�erm of eny applicabia
<br /> insuranco poilcy or yii)!�o remuinincf torm o(the Nd.e,cr (cl be Iraalad as tt b�H�cn paymonl which wi}i ba dve and payable ul the Note's malurity.
<br /> � 3 This Deed o,7rust elso wi:i secur�psymen!c1 these smcun+,.. ;ha riphts p;ov!de;d t�r�r,th�caraor2oh;half be in add�t!o�fo eny�thar r,�ht�pr eny
<br /> remedie;to x��,ch Larder r„a;be eo4!±ed pn aMe�n!e!!ho cErauft. ;.r.y such acii��Cy LenC�r�haN no',be censtruod as cur.ng the de(ault so es to
<br /> bar Le��der fr�m any rec*�eCy ihaf i1 olhenvcao wov'd ha�ro haC.
<br /> , Y.
<br /> 1'�AP.RAt97'!;DEFENSE Q��I;L£. �;h�±�.�o�,,ing p�a�isicns re.alinb io�+��.ership c¢th3 Property�re a aart o'this Dae.�`,o!Trus!.
<br /> Tltle. Trus(or werrar.;s lhat: (a)Truslw hp{c!s gocd enC ma�;�tab18 ti�i+of reVo�d!o!he Propsrty in fee simpie,free an�i ciear o(ail lions und
<br /> e�cu�r�brances o;her ihen EhoSe�et fa;h!n ths aea(Prc{�erty desL,�iptipn pf jn a^y ti!Is Irtsur�ncg pplicy,Utle repor?,or final tiee cpinion i,suod in �
<br /> favor cf,a��a�cep;ed by,Lerder in con�ec;lon wi;ta!hs Deed o!Tntst,and (b)Tr�,tor hes lhe fuli righf,pew�s,and euthority to execule and
<br /> de!ivsr ih;�Oeed ot±rt,5t t�l�erder. '
<br /> Dctense o!TI!!o. Subjac!to;he excepNOn!n fhe paragre�h abo��e,Trvslw w•arcanls and witl torgvsr d�fend the tilie!o tha Property eguinst fhe
<br /> �swfel daims of aC persons. fn the e'.o^t ar,y Qction or prp��d;���ommenced that quas!ions Trustor's tiBe or lhe intarest of Tru;lee ar
<br /> Le^�ter under this L�e2�o!Trt�s�,Truster sha4 detand t!x3 2cSon a!Tr�tos's expe;ise. Trust;�ntay be the nominal party in such;roceeding,but
<br /> Le.^.de�s`al1 be er.tit:ad!o pa;ticroa±e in ths GroceQditg ar�d to De r�¢rc,serl8d �.^� the proce�dng by counse! of Lender's own chc,ice, and
<br /> ` Trusto;v+i1!d�!+��r,w caVSS to bs d�livesad,te ler.d4r su�;h hstrur��ents as LenAer mny request from 6me to tima to permii such�articipalion.
<br /> �omp!!er.cc MYirh Lsx$. Tr•<_!ar »�a�anl that t`�e Preperfy and Tru�icr's use o! Itta Fr
<br /> � crdinaix:�s,ar:d ng�,n::ons o!governmsn!al a::ih:,r.5ss, �P�' complie5 wlih all ��cisting apoiicable laws, ;�
<br /> � CO�DEh1N�1TlCM. The fa!,:r+ri^g gro�"sions re?2tlr.g to candsmra!ion procc�edings are 8 eart of this Deed o(Trttst.
<br /> "�+� Appii�aiior, af ,�E� pr�',.ds. !f al! or any p�rt af the ?teoerty t� �ndemnad by emir.en! demafn proceedings or by r�y proceeding or
<br /> r.urchase in iieu c!cordemr�fion,Lende+;nay at i�c efec:6c,�regtrre that afl or 4ny porticn eF the nef p;oCeeds cf ihe award be applied to Ihe
<br /> !ndebteCness o�the rep�ir a restoraYcn e!tGe prepert,�. Th�nqt prcceeds af!hs award shati mean the award after payment of all reasonable
<br /> crsts,expense;,and at,orneys'taes incJrred by Trustee w Ler,der in connecUon with the condemnatipn.
<br /> Proceedinr�s. IF any preceedi��in candemno�on a fited,Trusta shat!prompHy r,oBly Lender in wriiing,end Truslor shnlf prompVy take such
<br /> s�p�'ay R'sY�e�ecess.ary`o de;end the actlon and obta�n tha oward. TrustM may bo iho n�m(nat party in sucli proceedin6,but Lender shall
<br /> ;,,��; b_ en!i;l�d lo particfp2lo ln ,hs pr�d�ng anci to be�epreseni3Q In the proceyding by cour,sei of its own Choice,flnd TruStor will deliver or
<br /> ,� ca�,.�4±o be dc�iivered to�.ond�r suc�irttrumenFs as may bs reGuestad by it trom Bme to time to permii such pttrticipalion.
<br /> ` 1hS?OSi710;V CF TQX`cS,FFES AR;D CNARGE�BY GC�4cFNi�SEWTAL.AUTFfpRiTlES. The fofiqwing provEs{ons re�al+ng to govornmental taxes,
<br /> I y lees and chzrgas are o part o!this D��d,;}Tru51:
<br /> , C.urreni Tnxr.s,Fees and Chargas. Upon reque;t by lender,Trustar shafl exccute such documerts in addition to;his Deed oi Trusl and tak2
<br /> z � w`+s:cver oihar ac!ien?s reauas!ed Cy Lender'.o psr!ac!and con,inue lenders 6en on iha Real Pro � ,
<br /> ' ; p,.rty. Trustor shafl reimburse Lender for a.l
<br />�,,� i2xes, as descrbed be;�w� legelher vri;h alf expenses incu�ed in rer.ording, pyrfeclinfl cr continuing this Dsed et Trust, including wilhou,
<br /> c*��t' I m;!aticn afi laxes,lees,dxumen;ary s;smps,and oiher charges ta recordin or r .
<br />��""��! 9 e9��erirv�thfs Dee6 of Trust. ;�
<br />�'�e Trxes` The ic!to�.��ng sh�I;constiluta ta,es!o�vhich tYis section aAP�?�: (e?a specific P2x upon th5 h�pe of Deed ot Trust or upon all or 2ny `
<br />>�� pe�t e� ,ha (ndebfedness secured by:h�D�ed o'Trt�s;; (b)a specific!ax or,Truslor which Trus!or is authorized or required to deduc;from �
<br />�' �� pay�ens cn th�Indebtad^ess secured b this
<br /> y type of Dead cf Trus}; (c)n ax en this type of Deed of Trust ch2rgeable againsl the Lender cr
<br />�s�?�"� the ho!der o,'the No!e; and (d)a sp�ific i�on e!{w any portie� o!the Indeblsdne;s ar on paymeNs of p;incipfll and iniere»st made by `•;
<br /> � 'ruslc;. s
<br />��jt,� r
<br />�$�F�y, Su�„2,,,;r.�;Tax.as. If any t^x to u•�ic'�'.h15 59c2ion sppli�s is enacied suSseouent to;he dato oE this Deed of Trusi,this evznt shall have the
<br />��',.�'�'� sa^,e�"ec�as an E��en;of Ce;auft(as de5.^.af be;pw),and Lender may exercise an or all ot i1s availab�e remedies for an EveN of DefauR as k
<br /> '^uk,.'�: provided belo�,�•t;n;ess Trustor e�;hsr � � Y
<br /> ^- O pays the tax betara i,tc�comes delinGuer.t,cr (b)contests the tax as provided ebove In the Taxes and �
<br />�r;;Y�� liens;sc;licn snd dspo�i�with Lsnder cc�sh er a su(`+cient c5rnorate surety bond or othe;securty Sytisfactory Io Lender.
<br />� '�}"` SEGU�ITY AG;tEEiriEfVT;FittANC�PIu STATEMENTS. The foibwir�c prod�Jens re;atir,g to this Deca�ot Trusi as a sacurity agreement are a part pf k
<br /> ti.��' ;his C�ed o!Trust. ;.
<br /> � � Securtty Agree:ner.,. Tr:U ins,rument shaA cnnstitute a securtty agreement to the extent any of the Property constitutes (atures or other a�
<br /> personal proporN, ard Lender sha'!have efl ot;he right,of a secured party under'he UnHorm Cammercial Code es amended trom time!o
<br /> t1(Tli.
<br /> 'i
<br /> � 4
<br /> �, ���
<br /> , j i
<br />�:
<br /> ;
<br /> ,�
<br /> � �
<br /> t
<br /> YL
<br />� �� �
<br /> a .* 4
<br />��i{�:{^',� �
<br /> ���
<br />�a��S� �
<br />�L�� i
<br />�k�°V'��• ��
<br /> �< �'�
<br />
|