|
; ,
<br /> ;- --� ..
<br /> . �, , ,
<br /> „ � ,�.
<br /> J% " r�
<br /> � . . .... .. . .
<br /> ... . ....._.._..... . .. ..
<br /> �........ . � F
<br /> �� ��
<br /> . - , : ��4 ������
<br /> B. Aq futurc adviu►ces from Bcneflciary to Truator ur athcr tLturc obliBntlonn of Tcustor ta Bertcficlnry under nny �
<br /> " promiasory��ote,cantr�ct. puueanty,��ather evidence of debt exieting no�v or executed uRer thie Qeed of Trust •
<br /> • �vhether ar not this Qecd of Ttuet is eReciflcnlly referred to In the tvidence of debt. „
<br /> �� C. All abllBationa Tmstor owz�e to 8eneficlary, v�hich now exlst or may inrer a�ise, to the excent not prohibitcd by �
<br /> �, ° In�v. lncludin�, but nat limitcd to, IinbiliUca for averdrntte mintiaB to any depas�t nccount ngreemsnt between
<br /> Tnistor and 8eneticiary. '
<br /> D. All ndditlannl aums adviutcod�uid expenses incutted by 9eneticinry for insuriaa.preservin�oi otherwise protectina �
<br /> the P�operty nad!ts v�lue nnd nny other sums adv�utced tuid expenses incurrrci by Beneficiary under t�c tenu.;of -
<br /> " ���� thls Derd of'Y4ust� plue ipterest at the hlBhest rnte!a effect, from tim.e to dme, os provided in the Evidence of _
<br /> � ' � �" �� Debt. �"
<br /> M� E. Truator's perfom�nr.e uudet thr term.g of nny insuument evidenr.ing a debt by Trustor to BeneficiAry a.Rd any Deed r ,,,
<br /> � of Ttust securtna�gucuantylnII.ar othenvise relatinB to the debt. `'-
<br /> • If more ttwa one percon eiIIas thia Deed of Truet as Trustor,cnch Trustor agirE.s that this D�ed of Tn�et wtll secuce nil �.-�_�.
<br /> . .. fhNre ndvt�nces and Poture obligntiona dessrfbed above thut ure given to or iacutzed by any one or more'trustor. ar m►Y "=
<br /> n -
<br />_� �� • '�_ ; oue or more Tnastor and othere.'I7►is Qeed of Ttust wlll not secure nny ot�et dcbt if Beneficiary fails.�vittt mspect to such �_:�
<br /> � �, � oi6.er d�bt,W mako any requlred disclosute about this DPed of Tcust or if B�neflcinry fails to give any required actice of �___
<br /> t�e right of mscjssion. •. -�
<br /> � a�--
<br /> .. . +� ._-
<br /> S. PAYMENY'3.Tnastor agrees to rnatcc A11 paYments on the Secured Dett whsn due and in accardance v+ith tl�e terms of the
<br /> ' :, y Evideace of D,zbi or ttiia Reed of Tmst. _ --
<br />_ ^° � • '��� 6. WARRANTY OF 3TTLE. Tcustor covenonts thet Tivstor ia lawtt�lly seizeil of the estate conveyed by thia Deed of Truct '`__
<br /> and bss the rlght to Irrevocably�cant.convey and sell to Trustee,in tn�st.with Power of eale, the Property and wnmurte
<br /> that the Prope:ty is uaeacumbered,except for encumbrn�nces of record. [. ��
<br /> �4�� F;,'-.
<br /> 7. CY.AIIKS AGl�IINS�'1TTLE.Tnutor will pay rill texes.ussessu�ente,lasrs.ena�mbrances,lease F�yments.grouad rents. _-
<br /> . � utiUfles,and othar c�arges relating w the Property whea due. Beneficinry may require T�ustar w provide w Beaeficiary ry=�
<br /> capies of till notices tbai such aawunts are due aad the receipts evidencing Trustor's paymeut.'Tcusior will defend�Ide to
<br /> � the 1Property against any claiins that would inapatr the Iten o+f tttis Bced of'IYust.Tnutor a�rees to nsslgn to Benlefilc�r�or
<br /> ,�� , regueated by BeneScIary, any dghts. claim.� or defenses which'Cmstor eaay have against psmies who suPP Y
<br />-. �„'� materlals to improve or maintaia the PropeztY.
<br /> . 8. PIIi�OR SiTGLTYtY�'Y INTERESd'6. With regard to any other monBaBe,deat oi u�-t. s�,-'ity n�t ar aLtt�13�t =
<br /> ,t<<„ :
<br /> . ,i:,;;"h�, docuraent that created a prlor se�urlty interest or encumbr�nce on the Property and that�nay huve prlority ovet this Qced
<br /> r�1 :,-,:.;:r of'Crust.TYustor agrees:
<br />-..,;,� .: A. To make aU paymenUS when due aad to perforaa or wmpiy with all oovenante.
<br />�.�r,• •.' �:� H. To proraptly deltver W Beaeficicuy anY nottaes that T�'stor rec�etves fnom the holder.
<br />-�- r�s C. Not to mvke or pezmit any moditicatlon or extensIon of.und aoi to cequeat or xcaept nny fi�mre adveaces uader cwy
<br /> t�„�:::,:����., t unless Beneficinry oonseat�
<br />;� ;::;t�;.'� ` aote or aBreement secured by.the other mort�a�e.deed of uust or securlty agr�n
<br /> ;; ,,. ., in writing.
<br /> :`'..;:;.�' 9. II1JE ON SAL3�OYt ENC[J11�1NNC�.SEneflclary muy.at ite optton,declare the entl�e balence of the�ecured Debt w
<br /> m
<br /> �;�;:•:�4,,� �{��ly d�a und puyuble upon the creaflon of Any lien,eacwubrance.transfer,or sele.or eontracs for aay af theae
<br /> ;---A-^:.%�,... this secdon shnU be subject co the resuictlons
<br />-=z:s;��� on the Property ]Ndowever. if ttte P�+opetcy includes Tiuswr's resid�nce, « ����include�
<br />~�...^��'=""°''�!�'! }��by federal luw(12 C.F.R.591).as agplicable.Far the purposes of this section,the term Propsrty
<br />-��--=`=� Attf interest to aU or any purt of the Prope�ty.'ll�is cove,aaut shail cv.a aiih the Property�ad ah�lt remaim in effect untll the
<br /> a
<br /> �-.,w�::::ti�� -
<br />_II;,�=-¢,, . SecucHd D�bt is paid in fuU aud this Deed of Ttust ia released.
<br />��,�:r�;,:...,. _
<br />��'i3'��� 10.TRAI�ISFER OF AN INTbRE.ST DN'���3AN'TOR. If Tcustar is nn endty othear than a natu�il person(sisch ns a
<br />_'�'"'��`'""` co:porntion or other orgnn3u+tion), Beneflciary m�y demand liumediate paymeut if(1) a beneficitil intcrest ia Ttustor is __
<br />=--�w•:. �
<br />;::,;,,,,„,,,•--� sold or tranafernd: (2)thete is a chan�e ia either the iclendty or nwnber of inembera of a patmeiship:or(3)there is a
<br /> ________ �t,AngR in owrter�hip of niore than 25 Pe�af the voti•c�stock of a co:pornt[on.Howexer,Beaeficinry may not demend _
<br />_���.� paymetu ia the above situations iI lt is prohibitcd by law ss of the�a1�oi th�s 31��ai i rt��t. ---
<br />- �.:_'""��-:w: --
<br /> i=-��=�;,�� li.El�'i'I'1'1i WI�IF��FANTlGS AND RII�F�i�ENTATIONS. 1f Tcustcn is en euHty otD:er than a narsral peps�nn(such as u
<br /> :=,:'��!,�,?},-',� r.orsparation ox other orga�tlon)�Ttuctcrr makes to E�netieiary the folla�ring wasrandes and representadons wh�rh shall
<br /> . ;..��::",, .. . ` be cantiauic►g as�vng es��e 3�cured Debt remsIns outatnnding: _
<br /> • �r ::;4
<br />:.. . �.��s,��� A. Trustor is an endty which is duly organi�ed and validly existtu6 in the 1'custor's state of inoarrporatiou (or
<br /> �. , .. organixmion).1YusWr is in goad standing in all states in which Tcustor uansiicta business.Tcustor has lica6le,v a -
<br /> .. and ��r,"hority to otvn the Peoperty und to�►try on its bvs i ness as uow b e 9 n B o o n c t u c t e c l a n d, o s a p p = -
<br /> ::f:�`�.•„'�'' qua]ifa�efl to do so in ct�ch state in wh3ch Tcuswr operntes. -- -
<br /> ,•,�,;�,: =
<br /> . ';�� '' B. '!he executto n, d e l i v ery a nd perfonawce of this Bead of Trust by Tiustor aad tha obligtrtion evtdc-noed by the
<br />- �^��'°1'y� Bvideaoe of Uebt are within the pnwer of �stor. huve bcea duly :utbrctzed. 6nve received all aeoessary �_;.
<br /> :;lY,}!?i�'l�, '`, � mvislon of Inw.or order of�oms�or goveaamenml�eac3►. ;:_.
<br /> x � gove�cu�entul upProval,aad will aoi viointe any p
<br /> � � �• G Other e��:�disclosed in wrlHn3'11n�stor has not c�nnBed its anme�vi�the tasi ten yc:�s and has not used aay �
<br /> ' :. ; other�a or fict�doua name.��ttncrut Beuefis�r's prEor�Yi2zea eonsr�t�Tnistor daes Erct aad wtlt aoi u�e any �;.
<br /> � �:,�t,,, . qther amne and vrii!presave its�sdng naiue.uude nnmes aaeA franchises until the SeLVrad Debt is satisfcEd. ti�?;;:
<br /> 'r 1'�:�j: ' pp� p �i'��
<br /> �'��J,:��• �r � C� R�7+._
<br /> ---- _�'---- ---., 12.FitOPE�TY COp1D1TY�P1� ALTE�tAT[ONS AND IIVSP'�CTION.Tcustor will k the Pro in ood oonditian
<br /> ..• - ..su�..,.-....�...:v..,�.n�.u�r nntir�nf nnv Inss ot dam7L*6 t0 �"
<br /> -- --- - aIId IIL'lke tlll feQ.11tB UIIIL LAC I .E�a.�y fi�nij. ■auawa ..w g.... � � r---r------ - - -
<br /> tlee Praperty.
<br /> Tmstor will keep the�tY f�e of ao�iflus wcx�und grnsses•Tcustor wW aot inttlate.join in or oonseat �-
<br /> to uny chanIIe In any private mstrictive oovenant. zonin� ordins�ce or other pub�ic or privute restriction limidnB or
<br /> deRuina tite uaes which xn�y be made of the Property ar any g�uc of the Froperty. wtthout�eaefictary's prior�vriuea
<br /> wnsent. Ttustor will notlfy Bcaeficituy of a11 demartdq. pmceedinf�.clniu�a, and ttctions aguinst Tnutor or nny olher
<br /> � ` otvner made�der la�v or reQul�ion c�e�tudinB use.owaership and ox�paIIaY of tlte Froperty.7tustor avill comply���[th nll .
<br /> IeBa1 requtr�:ments und resMctions.whether publfc or prtvnte.wlth rzspect w the�se of the Pmperty. 7lcustor also�ge�s
<br /> " � that thQ nature of the ox�pancY and use witl aat ch�e�vithout BernRclnry's prior writtea oonsent. .
<br /> No portion�f the Property will be removed.demolished or materinlly ulter�without BeaeRciary'e prIor�vritten wns�t ,
<br /> ., . .. except that'f�ustor has tt�e dght to nmove item9 of pe�sunal pmperty oomprtsln�a part of the Froperty that become wo�a
<br /> . papa Z Ol Q
<br /> ' � .
<br /> A+esa n�u.srbnma.��u,s�.c�we.wN i+towa��•ass��co�m aorto or�H[ +onom�
<br />
|