|
;,._ . '''�'�"°°�'•�,: �_, > r u�Cw ::,+�rf �• ti'' _ " .. �l '" , . ._' l,..�.,.:.`,;,. Mu;
<br /> ia� .�y�.y �n�y;�:n:. .::j� �s ;i f• �• �F�r,f.�.. g;,
<br /> . .. ..;�,:r,x„• -{ ;,If q .:ujp 11l���-,+�-s. . ,y 4` . . ,, ;�.I.A,Ri4M' �'My/}�Ij�yMIY � . . - . ..�..- `.r�:..,'..,L.'d'" _
<br /> � - ..+,., R7���ai��',�+�-��_ +af� �o..r1:�7+'71M•°PR'�OS�+�w'n -- k.
<br /> � ' .4�. .. ' _
<br /> . ..�,.��rt�5+`�. . • -__
<br /> • ._ . • � _.at-_?-`�--_
<br /> . .rc. . _ -_ .�,. _....-n
<br /> . __. ���,.a.�.- -
<br /> �J£ciL�n:3:�i.�.
<br /> �i+�n'li`ri4=__--
<br /> � , ,... - '!' ca.°—�=— ___---_.
<br /> . •�' • ' • �'_ :s:,,•4�`—
<br /> , b�
<br /> °��::�:��:���° 90-10'7356 � '
<br /> ,.a:F`'���'�.n:.::;;
<br /> .. �ti .1
<br /> n -�, '�°�:.� � i. Pa ent of Princi al and Interest. eorrower shail -
<br /> ir+ r
<br /> ��f�,; __ ,;.._ � promptly pay whon due the pr ncipal of and interast on, r�nd any �
<br /> ' � PeQa cr charges provided in, tha Note or in this Deed of Trust. ��,'.� � �-�`� ��'�
<br /> • ."' 2. Title. Borrower ie the owner of the Property and has ����''=��-��+�—.---�
<br /> .� ' the righ� and authority to convey the Property. �'��`
<br /> - �`'���. . -_.. . �.�.:;::r
<br /> � YFti: {]C_.
<br /> 3. Taxes, Assessments. Exce t when the are contested in t»;•,�:-,.,-�:____�-'— _
<br /> p Y _'ti';�,.—,.,.._�-�
<br /> � good faith, to pay when due all taxes, special assessments and .--,�, - -=-._
<br /> all other chasges against the Property and, upon �rritten demand „f;�;:�t�b:;.:.���;��
<br /> by Lender, to pa� to l[�ender suah amount as may b�a smfficient to '
<br /> enable the Lender to pay euah taxes, asseesno�ents or otber ahargea �, _,_-�uk�:-
<br /> . r.-;"`,,.� =--
<br /> as they become due, �=`°--_- _ --
<br /> tL„__ ,
<br /> �'.'1'.r1,:4.a`:1aT"-----
<br /> - 4. insurance. at the beginning of constxuction or -- :; .� .,�
<br /> '�_� � '1� r,:,: ,,:�,,: renovation of building, to keep the Property ineured aqainst � .
<br /> '"���� ° � •� damage by fire hazards included within the tern "all risk ,
<br /> sc;.;;,,.: i.l•. �
<br /> ' coverage", and such ather hazards as Lender may require, in
<br /> �� ',r amounts with companies acceptable ta Lender, including a standard � - �
<br /> " �'��� moxtgagee clause with loss payable to the Lender. In case of � � --
<br /> .�`` ���`'.. loss under such �3icies, the Lender �is authoriz�ed to ad just, � ��
<br /> ,�,,� _
<br /> •, ",";�� co.11ect at�d compromise all claims thereunder and s�nall have the ,
<br /> � . option o� applying all or part of the insurance proceeds ' �"�_,_,
<br /> �� _ ', ., (i) ta any indebtedness secured herby aa�c� in such order as ; �-
<br /> � Lender may determine, (i i) to the Borrow�r to be used f or the � ��.-�-�_
<br /> _ �� .��r repair or restoratiorx of the Property or (iii) for any other r •�-+,
<br /> purpose or object satisfactory to Lender without nifecting the � �-
<br /> � �����'•`�'� lien of thas Deed of Trust for the full �a�n�unt secured hereby � .
<br /> . .;�,,;;. .,,, ..
<br /> 5�:��•" before su�c�a payment ever took place. Any� a�xplication o€ proceeds
<br /> ;;��tl`;�, to indebtedness shall not extend or postpon� the due dlate of any '
<br /> . '•..E�.;. . pagpments under tbe Note, or cure any default thexeaander ar i ,
<br /> .. �y. , he�eunder. �.�
<br /> 5. Maintenance Re airs and Com liance with Laws. Borrower .
<br /> � shall keep the Propert}► n good condition and repair; shall ,
<br /> � promptly repair or replace any improvement which may be damaged • . .
<br /> or destroyed; shall not commit or permit any waste or i ,
<br /> .. � deterioration of the Property; shall not xemove, demolish or .
<br /> •-.�..
<br /> '� ; substantially alter any of the improvemer�ts on the Propert�: �� ,;,.
<br /> • � � �'� 1�;;; shall not aommit, suffer or permit any act to be done ira o� upon , .
<br /> � ` ' , �;`;.��,., the Property in violation of any law� ordinan�e, �or regulation;
<br /> '''���� ' �{ -' : and shall pay a�at� �romptly discharge at Borrower s cosk and : :'�,
<br /> � •,:� ..i�l:,,�.,�;
<br /> � t .; �,,. •.�• expense all liens, encumbrances and charges l�v�ed, imposed or �<<,�,�,.r'
<br /> . ..,,;� assesseol against the Property or any part there�f.
<br /> `�� ,��,
<br /> � • 6. Eminent Domafn. Lender is hereby assic�ned all � '
<br /> .;. �, compensation, awards, damages and other payments or relief • . �
<br /> � %�� • (hereinafter "Proceeds") in connection with conciemnation or other ' ' ��'• .��
<br /> ,,. , ;.
<br /> � . taking of the Property of part thereof, or for conveyance in lieu , • ,.;
<br /> � of condemnation. Lender shall be entitled, at nts aption, to �'� � '��� '
<br /> . � ,�, �,:, ,
<br /> � commence, appear in and prosecu�e in its own na�e any action or '� '�.�•.
<br /> • ' � proceedings, and shall also be entitled to make ar�y compromise or `�"�.
<br /> � .�,���� settleme��. in connectioa� with stach taking or damage. in the � • .
<br /> .:t� event an+,� portion of the Praperty is so �a�.en or damaged, Lender .
<br /> :.�;�� shall have the option, it gts sole and a�ssolute discretion, to .
<br /> ' �� �� a�pIly all such Praceeds, after dedaacting therefrom all costs and .
<br /> ���.,. ,
<br /> ;.' �.. � expenses incurred by it in connection �►ith such Proceeds, upon
<br /> ; .:;�. � , � any ind�btedness secured hereby and in su�h order as Lender may ��
<br /> � . � d�terna�e, or to apply alIl such Proceeds, after such dedun�tions,
<br />._. __i._ ..h ..nwAitir�nc at TPT1[�Pf.
<br /> . - .-� ��; ,` .i to tfle �estoraLion oi i.ne ri�Nes�Y ut,�.:� �::.... ,.��.�_----•- -- -----
<br /> ' � may determine. Any application of Proceeds to indebtedness shall
<br /> not extend or pos�pone the due date of any paym�nts under the
<br /> � Note, ar cure any default thereunder or hereunder.
<br /> • ;
<br /> ,
<br />
|