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<br /> . � a3-18-9999 DIE�D OF TRIIST Q �($�rg�a5 Pe�e 3 :
<br /> � Loen No 892943 (Conttnued) 99
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<br /> �� PropoAy. Trustor aha�l nerts Lender as an addlllona!ob118es undor eny surety bond furNshod In th9 contost protco0in{�.
<br /> Evidenca ot Payment. 'frustor shull upan demen0 lurnish to Londet autlstuctory ovldonco ol pnymont ot tho toxas or a�e:,smonb nnd ShIItl
<br /> aulhoriw tho appropnate govornmontnl oWctal to dellvor to Londer at any dme u writlen statemont of tho ttucos and assos�monb agalnst fha «..
<br /> . . Property.
<br /> N6tlCe Of ConatruCtlon. Trustot shall nGlly l.ander 81 toust IlHeen(16)days boforo any work Is commeneod,nny scsrvlcos nro furnlshod,or nny
<br /> . , q�ryQrCpg orrmtt eplai3 dT u5 o�r wll�upon�rloq est ol Lendor furn sh totLender advance assuhances sa�s!o ory tao Lort�iot h t�T ustor�cnn d d wlil �'�,
<br /> . pay[he cost of such Improvemonts. '-�-
<br /> ._;:_�'' PROPERTY DAMA(iE INSUfiAHCE.The toliowing provislona ratatinp to insuring!he PropeM are a paA of this Deed ot Trust. `
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<br /> Malntenttnae ot Insurance. Trustor shau procura and maintatn pollcles of tire Insurrsnce with standard exlendad covera�o ondo�soments on a
<br /> °�° replar.oment basls tor the fun Insure6lfl valua co�edng all Improvements on the Reat Property In�n amount suHfcient to avold appllcaUon ot nny -=_
<br /> eofnauranao clause,and wilh a stnndarc�rtaKflapeo clause tn tavor of Londer,topethor riith suah other humrd and Iinbltiry insurarwe es Lertder
<br /> `� may r6asonnbly requlre. Pollcias ahalt be wdtten in form,amaunta,covoreges and bests reusonably acceptabte to Lender and Issued by a �'�_;;
<br /> ����"������ �, eompany or compantes reasonubly acceptable to Lender. Trustor,upon request of Lender,wllt d01Ner to Lender hom Ume to 8ms the poiides _
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<br /> • �• • or ceAlHCUtes ot Insurance In torm sa8staclory lo Lender,Inciudlnp stlpulaUons that coverages wllt not bB eancelled or diminlshod wllhou!et
<br /> � leas!ten(10)days'prior wAlten notice to Lender. Ettch insurance po�icy atso ahall Include an endorsemenl provlding that coYerago in tavor of ---
<br /> Lender wlll not be Impaired In any way by any act,omfsslon or default of Trustor or any oihar person. Shoutd the Real Proporiy ut uny tlme
<br /> , .!�,;,;;�•r , becoma toostad in un aroa designated by the Direatar r�t tha Federe!Emergenay ManagamoM Agenay ns a speciai flood haxard arcra,Truator _
<br /> :�•��.;`{, � sgreea to obtein and matmaln fedsml Flood Insurflnce far tne full unpald pdnclpal baWaco of tAe�oan,up to thu me�dm�m polby Ilm(ta sot =_
<br /> • ' under iho Natlana►Ftoad insur8nee Program.oras othorvvisa�equlred by Lender,and b malnlain suoh Insuranco tar tho tarm o11ho toan. „µ_.
<br /> ' Appilcatlon of Ptoceedo.Trustu shell prompUy notlry Lender of any loss or damage to the Properly. Lendor may make proot of loss If Trustor
<br /> ., �_, 1+� �� lfllls to do so wlihin GReHn(I&)d8ys of the C8SUe4y. Whether or not Lender's secur8y ts impalred,Lender may,at its eleeBon,receive and�,ain �._
<br /> the prxeeds of any Insurance end appry t�a proecads to!he reductton ot the Indobtedness,paymant ot any Ben aNeoHng tha PropoAy,w the �:_
<br /> restwation end repalr of Ihe Property. u Lender elects to apply the proceeds to resturatbn and repair,Trustor ahall repair or ropiacu�h�e �.Ta:=_
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<br /> 1! damaged or destroyed improvemanb in a manner satistactory to Lender. Lender shati. uyan sad�fectory proof of BikA expendlture,pa =
<br /> � �` reimbunse Trustor(rom the proceods to�Ine reesonebte cost ot repair o�restoraHon if T�usla is nol ln dotauit under thh3 Desd of Trosf. Any ��''
<br /> procoeds whloh have not baen disbu�sed within 180 days sfter thelr recelpt und which Lender hes not committed to tho rc;pNr or rastonstion nf ��__:
<br /> "" � the Property shal!ba used flrst to pay any amount owing to Lender undet thts Dead of Trust,then to pay acerued Interest,nnd tho rematrtder,lt • -
<br /> � eny,shali be eppiled to tne prinClpal balance of the indebtedness. �t Lend3r h�lds any proceeds atter payment In tuA of the indebtedness.sucA f
<br /> proceeds shali be pafd io Vustor as T�uslor's interests may appsru. f���
<br /> ltnexpired Insurance at 9ela. Any une�lrod Insurance ehell inure to the bene8t ot,nnd pass to,the purohaser o!the PropeAY eovored by this �
<br /> •• �, Osed of Trust at any trustee's sala or nthor sato heid under tha provisions nf ihis Deed ot Trust,or at any lorectosure oate ot such Rroperty. —
<br /> . r, CompQence wltb F�clatinp Indebtedneas. Dudnp the pertod In wh1aA any Exlsting Indebtedness descdbed below�tn ef[eat,compltance wlth
<br /> • the Insuranca provisiona contalned!n lhe inshumenl eNdencing such F.�3sting Indobtedness shaN consUtute comp4anoe wlth the Ins�tranCe
<br /> � ,,, provisiorrs under this Oeed of Trust,to the extent campNance wlth the terms ot this Oeed ot Trust would constltute a du�ItcaUon ot Ir�surance
<br /> __ �. , requlrement. if any proceeds hom the insuranco become payab�e on loss,the provislons U this Oeed of Tntst for dlvls.on Of pta�eds shall
<br /> ePD�Y anty to idat perhon ai i�e prvGno�a��oi�,SyatiB to 2t�s bold�o!the E:'9AM�}netat��welna�a. , _
<br /> ° '���� ° ptPENDITUREB 01/�ENaE6i. N Trustor taus to comply wilh any provision of this Oeed ot 7rust, Includinp any abli8atlon to metntaln ExisUrtp �;;
<br /> ' ' ' Indebtodness fn good stnndtng as requlretl bebw.ar M any action a procoeding is commoneer!that would materialty aNect Lender's Inter�ts In the ---
<br /> � Propedyr,lender on Yrustor's behalf may,bul ehall not be�equUOd to,fake any ucdon ihat Lender deems apptop�late. Any amount that Londer
<br /> exponds in so doing will boar Interost at the rate provided for in the Note hom the date incurted or peid by Lender to the dat9 ot repayment by
<br /> T � Trusta. A11 such expensos.�t LandePs oprion,will (n)be paynble on demand, (b)be ndOCd to the balanoe of the�fote and be appoAio+�ed a�:or�g
<br />_�,:• ._� � , and Ee payabla wlth any InsteAment payments to bacome duu dudng elther (1)tho term ot any appIicable Insurance pollay or Qi)tha remalnfrtiq&�rm
<br /> ��•", o91he Note,or (a)be treated as n balloon paymont whioh wIN be due and payabie a1 lhe Note's maturtly. This Oeod of Tlust aiso wil aooUtO
<br />-. ���*, • payment af thASe amounts. The dghb provided tor In thfs parugraph ahN�be in 8dditlon to any olher�Ights or an y rorrtedles to which t9ndar may be
<br />- • ,:�; entitted on aaount of the dofnult. Any such actlon by Lender ahall not be construed as oudng the defaWt so as!o bar Lender trom eny rameAy that
<br /> .,,,,,. „�,,;, it otherwiso v�ould have had.
<br /> ` � '.�tt' WARRANTY=OHFENSE OF TITLH.The follorAng provislons retaGng to ownership ot tho Properly are a part of lhis Daed ot fits�
<br /> sr ;, ":,,..:`•: 7ltte. Trustor wnRants thnL• (e)Trustor hosds good end mMcetuble tltle of record to the PropeAy In teo etmplB,free and cteer of ai�Ilons and
<br />�,w�su.x<:�<•. encumbronees other than those set toAh In the Reut FropoNyr descdptlon or In th0 Ewsling ImSebtednos.9 eeotlon beiaw o►In any Iitla Insuranee
<br />����.r�i fputl�M�po er e d authorily to execu e and daYvor thts��d o Trust to�L nder.i�conrteclbn wlth lMs Deod of Trust,and (b)Tnista hu tM _
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<br /> . • -,;.. Oefens+�ot Titte. SubjeCl to the excoptfon fn Ihe paregraph above,Trustot warrants and wiq farever detend the tlUe to the PrOD�Y�9e1n31 the
<br /> x;-+y:t;i �`>." tawfut ctaims of ail persons. In tho event any acGOn or proceeding is eommonccd thnt q¢esUOns TruStofs Ntb or the Interest of Tru�tee ar
<br /> '� ••�� ir� Londer under lhts Oaod of 7rust,Trustor shail dafond the acdon nt Trustora exponse. Trusta may be th0 nominat party In 6uCh proeo�dinp,but
<br />��". Londor ehati bo ondGod to partlelpate in the proceedinp and to bo rapraaerrtod tn th� prooeedinp by counsel ot Lendere own ehok�,ue0
<br />- 7rustor wiA del(ver,or causo to be deitvarod.to lender sucA instruments us Londor may request trom Ume te Ume to permit suoh puticipallon.
<br />=M.�•�:,_- Compltanee WItA I.ewa. T�ustor wartants thnt tho Property nnd Trusta�s uso of the Proporly aomplies with eti e�dsUnp eWDdCabte laws, --
<br /> ''� _�^' ortlinances,and repuiurions of govemmonfal aulhoriUos.
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<br />��, B7t1871Nd iHOCBTIEDNESS. Tho tottowing provislona eonceming wdsHng Indsbt8dness(the'Ddsdng Indobiodna53�em a part of thls Daed ot
<br /> "' ° TtuSt.
<br /> �``�_!nwi�+. : _• E7dffilno littn. '1'he Iien W this Deed of Trust securing the indobtodnoss m4y be secondary end Intortoc tq en e�stirg Uen. Trustor a�tessN
<br /> '^':�;;- ,� -- T covonant�ana agr�os to psy.ar see to ti�e Nayment af,the tx�t'ittg lndCOittcst::is a�n!lc1 atvveeti nny Ef6t�it�!tin Ztsels lttCeblad�.sn}d�!ef�t ,_.:.
<br />-j��:�:� � under fho Insttuments evMencing such indsbtednoss,or nny doiaNt undet any seCUdry documonb lor pueh tntlobt0dna3s. `
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<br /> ,, Oetoufl. 1t the payment ot eay msfalimnnl of princtpa�or any Intarest on the Exfsting Indebtodness 1�not mzdo wlthin the tlme redulred by lho
<br /> � noto ov1dencing suah indebtodness.or shouid e dolauit oCeur undor th�insUumant soauring such Indebtadr�ess and no1 ba curod dudnp any __
<br /> i ° � dpplicabte graCO perlod Iherc►In,then,at ihe opUo�ot Lender,the IndeDtedners stiouritd by this DaQd of Tnut shat►become Immodtatory duo �
<br />_ '' and payeble,and this Oocd of Trust shaM bo in default. _-
<br /> ���` � No ModNlontlon. 7rusta shntl not ontm into any agreomeM wlth trio notder of eny mortgago,daod o!Uust,a otAar ecxurfry agroomont which _
<br />�='��`�1;+ � + � has pdodty ovor thls Oced ot 7rust by whtah tnat agreertrent ls modi0ed,amended,extendod,or rono�vqd vAthout the gdor wrltton conr�snt ot _
<br />-, ;�;+ :f� Lendor. Trustot shall neNhor roquost na accept any tuturo udvancas undor any such seCUrlty egreement wlfhout tho pdor wriflon con�ent of
<br /> •� � , � Lendor. -
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<br /> '�, �y-;..�;',;+.!r' , ,'t;�` CONOF.MNATION. 7he toliowhg provfsfons re�ating to condemnntlon proceotlfngs are a pmt ot thls Qood a!TruGt. .
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<br /> �,.,;�� Appl{c�tlon o!Nat Procaede. it eJ1 a n�y part of iha P+opaAy Is condomnod by onninent domaln prot�odings or Cy nny pracooQ�ng a ;t;.
<br /> - purcha&o tn Ilou ot condemnellon,Lender may et ib etectlon requlra Ihat nU or any poRlon of the not proc[3ods ot thp sv�prd bo a pplbd to tho
<br /> � IndeGt9tlness or tho rvpor or restoration of the Prape�ly. Tho net OroeCOds of tho nwatd ahall ma�n the eward attpr paymont of e U NnSOnah�O ,`:_
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<br /> ----_____ _ . -.------ ----....Y...•.._..,.......e.a�„T.,rem,,.i onrfer�n ranremeon with iho eondemnatlon. �
<br /> _. . ---- GWt,.o+cjwt�bb.7ra�wo..w.v�u.w.»....�.��'�..�-�_-'-- -- - _.
<br /> p�aee��nda, �I uny procottding in condomnallon Is 6�ed,T�uutor shan�romptly noUy Londor In wrlUnp,and Tnutor shalt prompW+.:tca su�h
<br /> - � ' ytppa ay mny po neeessary to defend the aeUon and obtaln iho nward. 7rustor may be ihe nominai party in sueh praeedin8,bul Lart6er ahali
<br /> ° be sntitled to padicfpatu k+tho proceading end to bo reprusonted In tha proceedinp by counsul ot Its own choico,aRd 7►usta witl dativar or
<br /> cnuss to bo detivmod fo lender such inslrumonls as may be requested by 1t from limo to Hmo fo pmmtt such yartic�patan.
<br /> „ � IMRaSIT10M OF TAXES�F�E8 AkU CHdRQES BY l�OYfcRNlIBENTAL AUTHORITIES. Tho Ioltowing provislons nstating to govemmental fefco3,
<br /> _ -- -- raza nnd ctu�mos uro n part ot Ihts Duod ot Tnis�
<br /> Cuncnt T�xes.Fees end Chorpea Upon roquost by Lendar,Tntstor shnll exoauto suah doaumonb tn addlUOn t0 tnts vee0 et inrsi an�tako --
<br />— whatever othor nctlon ts mquustoE by lantinr to poAeet nnd conlinuo LandePe Uen an the Real PrepeAy. Tnrstor eh�i roimburee Lender tor eil
<br /> • imitatloon�laxos,te se1docu non�ttuy stnmpsi ad oth4x ohflrgos for roCOr�dding or r�og��stt�Fng hk�Ooed ot Tn►st. �d�}Tnrst,Irsctudinp wtthaut
<br /> � Tdxos. The tollowing sheu constltute tOZe3 to whlch lhis sOCtlon eppA0.9: (u)a spe0llla tOK upon lhls lyp9 Of DeBd ot TNSt Ot ttpon efl a My
<br /> ° pnrt ot Iho�ndabtodness secured by ttus l�c�od ot Trust; (b)o speelftc tax on Trustor whlCh Trustor fs duth�gf��t[04u��to doduC4 trom
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