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<br /> ' QQ�23-1999 OE�D OF TRUST ������r s.� Papo 3 ....
<br /> � � LQen No 898450 (Con4l�euoci) ., ".
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<br /> ^ PropnAy. Tru�tor ahuit numo Londor ns nn ndditlonal obllpoo undcr nny ouroty bond furnlahod�n tho aontost proco�di�. .,
<br /> Ertsienao ot Peymonf. Trualor uhpll upon dompnd Iu�N�h to Londor aotft341otory ovldon¢o of paym�nt ol tho Uuto9 or nssosaments ond ohull
<br /> . tuthonzo Iho npproprluto govornmontnl ofNCinl to doNvc;r to Londnr nt nny Ilmo a v�rltton atntomont o!tho taxo�nnd oti:..cssmont�npalnat tho
<br /> . Prope�ty. �
<br /> Ilottso of Coratntcflon. 7rustor ahnit noUty Londor at taast fiROan(16)doye bofao nny�vo�Is commoncad,uny aeN�es aro fumishod,or ttny
<br /> � ma4br4�13 uro uuppll�d to tho PropCrty,��anY mochanit's Il�n,matonnlman'o Ilan, or olhar Ilon could bo us3crlod on nccounf ot iho work,
<br /> �oMOes,a mst¢rlu��. Trustor wIU upon roquosl ot Londor furNO�to Landar advanco a6surpncoa sotlafaatory lu Londar:P�al Trustar can nnd t�Al
<br /> pay iho cosl of suoh improvomanto. ''^�,�,,,�
<br /> � pRpPFRTY DAMAQE INEi11RANCE. Tho touawlnp provlslons rotating to Inoudnp Iho Proporiy nro o port ot thls O�d ot Tnnt. . „
<br /> '� ` �`�� 1lsintenance 0!inea�rance. Ttustor shntl pro0uro and malntain polleles of Ilro Irqutance wilh atandard oxtertdoC aortra9e ondorsomont�on u
<br /> ioptacemnnt basis lar the tuti InsurRbta vntuo covedng cUl Mnprovemonts an Iho Roal Ptapody in An amount euNtdont lo nvold eppl'aatlon ot any
<br /> col�uuranco ctause,nnd with a 6tendard modpngae clause 1�1nvo�of Londnr,topether wlth auoh othsr hererd and Uab�Uty Insuranco ns Lender � �
<br /> �y rc�auonnory r�aeire. Potictes Rhatl bo wdtton In tarm,amounb,eovorages and bnsis roASOnabry axapffib�e to Lender nnd issued by a :s�t;;;
<br /> corvipany or companlos reasonebty actoptablo to lon�er.Y�ustor.upan requsst of Londw,w111 dotiver to Lender trom tims to Um9 the poltcies �!�
<br /> ' a �oAiRealns of Insuranee in torm sutlslaetory to Lender,inctuding aApulauons Ihat eoverapes will not be eanoaRed or diminishod wllhout at �%:�
<br /> � lea�!lon(10)d8ye'prtot written notteo to Lendar. Eueh Insunlnce pollay al90 8hvl indudo an ondor8oment ptaNdinp thni covamp8 in Mvot af �';__...,,
<br /> lendflr wW not�o Impnlred in uny way by ony acL omis�ion or datnuit of Trusla or any other person. Should theRc�a�P►opaiy►at eny time
<br /> " hecomo Ixntod in an aroa doslgnated by the Olreelor o11ho Fedc�ral Emorqonoy Munngement Agerroy ua a sAecl���bod har�rd area,Trustot �''-�=_
<br /> �rc-��-_
<br /> �rc_
<br /> greas to obtuin nnd mxinteln federal flood Insuranco lor tho Iuti unaatd prindpui buinnco ot tho Ioan,up to the m�dmum poQoy Ilmila sot ���
<br /> �� ' = urtdec the National F1ood tasuranoo ProQrlm�or as othettdse requtred by Lender,a�d to matntaln euoh Insiunnoe b�IhA term af ttw lo4n•
<br /> o. T�ustor shatl prampUy noury lender of any to:,s a dnmage to the Properry. Lender ma m�ke proot ot toss it Trusta � —
<br /> .;k. Applicatlon ot Rtocead `;._�
<br /> �' IeiFS b do eo wllMn IIfR�en(16)days of itre easuetty.W f�ethar or not Londei'e�_curltY Is�mf�aUCSd,lsnder may.at hs el�etlon.recetve nnd retain �.__
<br /> =;, Iha pro��s of eny Insurartee and appty She praceeds to tRe reduction of tho Indebtodness,payment o}any Ilen eAaattnp lhe Ptoperh+,ar t1�e .;.�_-_
<br /> , ��.�` r�taratlon and repair nt the Property. It Lender olect3 to appiy the Praoet�ds to restoration and repalr,Truetor�ha0 repair.ar replarsa the _•
<br /> dumeged or dostroyed�mprovoments In u mannor sathtnctory to Londar. Lendor shnll,upon ttstlstactory proot olettch exAendituro,pny or ��4}.,,
<br /> rel mburse Trustor irom the proceeds tor tne reasonabto cost ot repeir os rostaraUon R Twstor is not in defautt undar thi�QaRd ot Trust. Any . ��,.�`
<br /> " �� �� prooeeds whlch havo not been dlsbursed wllhin 180 days after Iheir recelpt nnd which Lender hna not committed tolh�repalt or restorstion ot __ _
<br /> ; tl�o Prpperty shali be used flrst to pay any amount o'+�Ing�o Lender under tNS Oeed o}Tntst,then to pay accrued intarest,8rtd the remstnder.if 5 �
<br /> " . .���, any,shad De eDpited to the pdncipal belance of tho Indebledness. If Lendar hotds uny procedda aftar payment ln funof tho�rtdebtodness,such ���-:
<br /> prat�eeds sha'1 bo paW to Trustor as Ttustors intctrests mey appear• —
<br /> � Ur�a�p9nd Insutanee at Sate. Any unaxpired Insurnrtce shall Inure to tho bortefit of,ond pass to,the purohacur of 11�PropeAy eoverod by Mis �.;�;_w
<br /> DFSetl of Trust at any trustee'e su�e or other sale heid under the provfslorss d lhb Deed of Trust,or ut any torociosure s�ta of suah FroP�f�• g hY�rs,
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<br /> ,, Compltenee wlth Exieflnp iRdebledrtess. Dudng the perlod In whlch any Fxistlng Indobtedness desedbed below bin�fh�.comA�i�noe w�th -
<br /> the insurence provis1ans Gontalned In the Instrument evldencing auch FxsUng indebtedness eAall constitute co�mp?anoe wilh lhe Insur�,nce �"°
<br /> •��_ � rovislons un4er this Oeed of Trust,tu the extent compiartce�rtth the terms ot this Dead ot Trust wouid oonstltute u duplica8on ot Insu�rtaa -
<br /> � rpeq��remenL �I eny ptoceetla Rom tho i�uranca bacowio�+sYabla�r.h�,::������ot Trust ta divlslon ot Rr0008ds 64�A�
<br /> ' � appy ony to that poRlon o!the prooseds not payabte to lhe hotder of tRa Edstlng Indobtedness. �,_r Y
<br /> ,. F�fpF.t�tDITUAHB BY LF.�tDER. i}Trustor taiis to aompN vMh eny provislon of thb Deed of Tntat,Indudlnp sn obOpatfan to maintain ExisU�
<br /> ' � indabtsdness In eood standirtg as requlred below,or it any edion ar pr �e��g ts eammeneed that woutd materte�hrr�t x�mn��t t�endar —
<br /> �� p��y,Lender on Trustor's Dehalt mny,but shali not ba requlrod to, y ecllon tlwt lender deems aAproA� � —____
<br /> c�a�pands In so dnln8 wiU boar Interest at the rete groNded(a In the Note hom tZ�s date Incurred or paid by Lende� to Ihe da.e of repayaw�bY
<br /> ' �� Truslo�.NI sueh a�penses,flt Leaders opUon,w41 (a)be Payabte on dOmund,(b)ba nddod to the bAtance of tAE�Notoenef be apporRoned�nwaD
<br /> ° a�dbcs peyable wilh any fnstallmont paymenb to beaome due duAng etlher (i)tha term ot any applicabte insuranaa polla/or(U)the rame►nMD le�m
<br />� ot 7e Nota,a (o)bo treated as o balloon pnyment whEeh wiD 6a dua end pnyablo at the Nota's matudty. TP+i�Dead af Trust ekto witt eseure _
<br /> paymenl of those emounb. Tho riphts proNded(a in thls perngraph eh�li bo in addillor�to any othnr rtehb or any rerned�s to w�lah Lender mny be =-
<br /> :-�r• e�lded On eaount af tho dofiiult. Any auch QoUOn by Uinder ahaA not be oonstruod as audng tho Gotault so as to bar Lendfu frntn tny romedy that �
<br /> It QOqrvASS w0uld h8v9 h6d.
<br /> �� WAARApTYi DF.FENSB OF TIriE. Tho following provlsions relatlnp to ownerahip ot the Properly are a prut of thSs Oocsd of Tnrst.
<br />�• ' Tit�e. Yru3tor warcants that: ta)Trustor hWds pood eed maAcatnbl3 GGe ot record to tho Properly in tee slmpte,ttee end cte4r of QII Ilens and _
<br /> � esicumbrartees ather thnn those aet forfh in the Real Property de".,cdPtlo�or�^�he F�ds�np�ndsbtedness aaapon l�elow a in ony 8tle insurano9
<br />�' ',�`� '" poqoy.tlqa repod,or Nnal title apinloa Issued In favu al,and aoceptsd by,landor in connec@on vAth thts 08ed af Tnat,and (b)Trustor h4s 1he
<br /> ?�r:���;;'�� ��', lull dght,pewer,end authodty to execute end delivm thb Deod of Trost to Lendot.
<br /> �����`��'�! .:r i Detense o3 7ltie. SubJect to the exceptlo�In tho parsgre�ph above,Trusta wiuranb nnd w111 torever detand 1►re tftblo the i�apert�apdnst fhe
<br /> Iawl�l cLtm�of alt persons. In the event any ucflon a procec;ding is commeneeed that questtons Trustar'8 tlUe a the interest of Tn�a W
<br /> �t' L4ndcsr untlar ihis Ooed of Trust,Tmstor shall defend tAe aaUon at Ttustors expenso. 7nistot may be the oo�n�nal OMY In sucb DfoCeea=nD�mut
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<br /> t'r;�n� '� �ender shall be enUUOd to particlpato In Ihe prooeadlnA nnd to be�ep�esenled �e tAt►Drocoodlnp by counsal 01 Lendura own chdce,�and �^_
<br />_'J"''%?:• �� T�ustor wID dellvor,ar ctsusv to bs doliverod,to Lendar eucb Inslrumenb as Lendst may roquost hom time to time topermH au0h perUolpadon. �:_,.
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<br />_*:>`v�"�� Compftance WHh Lawa. Trustor wacrants that the Roparry and Trustor's uss ot the Property complies with tll End8ling app4cabl0 lawe. —
<br /> �.,'�y � ' orNnances,end repu�allons of governmentnt Quthodricu.
<br />_—. ..�. . �.
<br />"=� .•..� .= '� EI08TING IhDEBT�INES8. Ttre fo�lowtng P�ovistons ca�ceraing existlng indebtadness(ihe"�dstinp Indcbtvdno5sl�e a Pe�of lAis Daad o �_ --
<br /> _- w.�.:� :„�. ` -
<br /> _ .�,
<br /> '' E�datl�p Lten. The Ilen ot Ihls D88d of Ttust seCUrtng ma movoiwiner.,�u�ny bo�.aad�r;�nd Interlx te an�s,�er.�+uan• Tntata mcpf�SS � __
<br /> - - � covanants and a8rec�s to pay,or eEm to tho payment of,fne E�dsdng Indabtedness nnd to pr�wnt any dotautt on sucl►lhdebtedness�anp deha9 —,
<br /> , � under the ir►struments evldenoln8 such Indabtedness.a any detuult unda anyssaudly doauments tor such lndobtednos5. _-_-_
<br /> � ,�. Qatau�L 141he paYmont of nny instalment ot p�inclpc�l a nny interest on Ihe E�dstlng Indeb ta dn o s s i s n o t m a d o w l 9 d n t h e U m e�e q u l re d b y t h o — ___
<br /> '� noto ovldcrnolnp such Indebtedness,or should e defa�l oceur under tho Instrurteont securinp such Indobtodnoss and not be eured dudnp any ___ -
<br /> c3ppltcnblo graco peried ihere�n,thon,at tho option ot Lander,tho Indabtedness soaurod by thls Oood a}Trust�atl bacoms Immodiately due �.._`-
<br /> ' snd paynblo,nnd this Oaod of Trust ahall bo in dolaulL ruumont whbh ,�� �
<br /> O�to Modlffentlon. Tn�stor sAeit not enter tnto uny ngreomam with the hddor of any mortgage,dead of trust.or oUar saurlt�ap t,,�ti�.�,_,-,
<br /> has pdarity over lhis Dood ot Trust by whtoh lhat ugroement b moCiti�d,amandod,oxtondod,or renewed w:lhaNtho pRm�[en ca►seM of �.-,,....-
<br /> ' Londer. 'Pru9tor shal�neith�«tquest nor uaept any tuturo advances under any such sseudty opreamont wilhout thv pdor wdttsn consent ot y;1}f;��.
<br /> .�F,.`
<br /> • Londer. <.t�l.4i-
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<br /> � �pNp@MNATIOM. The followirsg provlstons rolatlr�g to condomnatlon prc►c�adings aro a part of this Deed otTrtrs9. �„
<br /> • dlppllcatEon o!FFat R��. �f a11 or any ped ot u+o PropoAy fs condo�nned by eminont domc�in proceedi�qS or by eny proceod�aC c► �t•j•j:•
<br /> purGhase in ibu ot condomnatlon,Lendor may at its e�seUOn roquire that ap or anY Purtlon of 11►e�1 N�oceeds otlh�s gwasd�9 eAA�lod te 1hA Y;�`.�,_
<br /> �..�� - .0 fln oumrd nhnll mOan th0 6WNd(IRC� L98YlAe�t 0�8111 fOQSGt18bl0 1;:Y.•'-'
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<br /> �adebtednOSS ot ine tepaR or rc�sioraaon w u�o�vF.a�;• - - �
<br /> cost3,expenses,and uctornoys'fees Incurtod by Trustee or Lender In connoCtlon wlth tho Cnndemrtallon.
<br /> proe�ttttQs. If any proceeding tn condomnntion ts Ned.Trustar ehatt OrompUy notlty LGndor in wAting,and Trustea sha►�PromO�Y��$� �
<br /> � 3lops as maY be nr3caastiry to dotond thu naHon nnd obfnin Iho eward. Tnrstor moy be tha nominN pMY In aua�P�ooersd�n9.but Lnndat at+atl
<br /> 3C�S
<br /> be o��nad to pnrttciAutu In tho procaedtng nnd to bo reDrosnntod in tho pr0000ding by counsol ot tte own ehofoo, end Trustor wtli daliver or
<br /> • causo to bo dalivored to Lendcr auoh I�frumonts na mnY bo reQuos�od by It from dmo to Nmo to permit euch partldp3Uon.
<br /> 161POSITtON OF TAXEB,FEES AND CHAiiC�HB BY GOVF.fiNM�1TAL At1�ltORIT1E8. The foilowing provtstons �c'���g to @ovommenW toxes,
<br /> � teos und charges aro n paA of this OQed ot Trus4 �
<br /> Curr(et Yexes,Fees and Cfiarpea Upon r�quost br lonaor,Tn�tor shrstl oxecuto 8uch documents In CddlUOn to thb Qeed Of 7rust Ynd teko
<br /> . 11 t as,as dtsscrlbc►d botovq toge heywthdatt AxponsesIIncurced�n�►ctco�dirg,'PertooUng or contlnuln0 this�Dood v TrusL inc udt�wl h ut
<br /> Um�tarion gll foxati,tesa,doCUmontary stnmps,and othc+r Charges tor recOrdinp ot rogbtodn8 tAis Oood ot Trust. +,
<br /> Texea Tho totlowmg shall constAuto taxas to whtch Ihts saclion appltes: (u)a spsdito tax upon thfs rypo al t?c�d of T�rus�d to QQd�uCt�from
<br /> • pprt of Iho Indnbtednoss sncurod Dy thls Deed of Trust; (b)n speelRe touc an Tnr�tor whtch Trusta�s ntl�hOt�YQ,� 4
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