|
, . .. ,
<br /> ,., „�,_.. , . ....._..__
<br /> ��� ���p�� P ,.
<br /> • Il. All fbture ndvmtces Q�om Hcnetlefnry tu Trust�tt ur�iher futu�� otS:t;Aitione ot TruFtor to Bene�icinry�under c�►y ; '
<br /> p�rmtns��ry note,cmurnct, �unrnnty,ar i�ther evidence ot dcht exietin�noei or exccuted nRer thla Deed of Tn�at
<br /> „ , �eDrther or nm thie laced�if 1'ruet la epcclflcnlly refetred tu in thc evtdence of dr.bt.
<br /> ('. All abliQntlonA 7tiustor�nves ta Beneticlnry. �vhfch na�v exlet or may late�nrlse. to tha extent not prohtblted by o „
<br /> Inw. includinB. hut nut lirnited tu. Iinbititlea far avcrdrnRe relutinB ta any depoait nccount agree�eent tsetween �
<br /> Truc+tor nnd Benclictnry. '
<br /> p. Ail rt�lditi�nnl sums ndvnncc�i nnd r.xpensea Incuaed by Benoftciary for inaurinB,preservinQ ox othernise protectinB
<br /> the Propeny ated ite value and any other eums advanced and eapenaes incurred by Benef]cinry under the terms of
<br /> ' � „ thia DeeA �f T�uat. plua intereat•t the highnst mto 1n effect. from time ro dme, as peovided in the Hvldenca ot •
<br /> .. Debt.
<br /> • B. 7tustor's perfomu�nce under the terms of any instniment evidencinQ u debt by Truetor to Bencflcinry ased nny Deed
<br /> , of'Ilruat securing,guarantying.orotheruvise retating to t�e debt.
<br /> If moro than one person aigns this Deed of Trust as Tcustar.each Trustor aBmes thut thia Deed of Trust wiil secure all
<br /> future advances and future obligutions desedb�d above that ure given to or incucred by any one or more Trusror.or any
<br /> one or more Tcustor ead othe�s.Tbis�Deed of Tnut wU!not secure auy oWer debt if Beaeticiury feUs,with respect to�uch
<br /> , other debt. to make any required dlsclacur�e abaut this Deed of T�ust ar if Beneficiary fails to IIive any required nodce of ,
<br /> the ri�dt of t�esciasion. .
<br /> S. PAYMENTS.Tniator agrces W nieke all paymsnts on the Secured Debt when due end ia accardaace wiW the temns of tQe �
<br /> Svtdence of Debt or thls Dced of Tn�t.
<br /> ,,., � 6. WARRANTY OF'I'ITI.E.Trustor caveaante that Tmstor ie lawflilty seized of tbe estate conveyad by tbia Deed of Tcust
<br /> end has th�e right to irrevocably grant.convey and seli to Trustee, in tnist,with power of sale.the Progecry and warranta
<br /> �� . that the Property ie uneacumbered,axcept for encumbrances of record. .
<br /> 7. CLAIMS AGAINSI'77TLE.Trustor will pay all texea.assessments,liens.encumbrancea,lease puy�rcents,gmuttd rents,
<br /> udlities,and other charges relating to�he Property whea due. Heneflciary may requlre Trustor to provide to Beneticiary
<br /> � copies of all aoticc�that Ruch amounts sre due and t6e rece[pte evtdencing Trustor's paymeat.Tnastor will defead tiUe to ,
<br /> ' the F�mperty eBainat aay claiws Wac would impair the lien of tbis Deed of Tiust.Tcustor agrces to asslga w Beneficinry�as
<br /> requested by Beaeficiary� any rights.daims or defeuses whtch Tnistor may have ageinst purties who supply labor or
<br /> ,� � materlals to improve or meintain the Pmperty. �`�"
<br /> `.~;:
<br /> :sr, _-'
<br /> �� 3 8. PRIOR SECiJ1tITY INTERF.SI'3. Wlth ngard to any other mort�age,deed of trust. security agreement or other lten [�`,`-;�
<br /> docuraent that areated a prtor securlty lnterest or encumbreuce on the Prop�ty aud thut may have prlosiry over this Q�d E��'��.
<br /> . •;;,;' � of Trust,Ttustor agrees: L -
<br /> A. To meke all payments when due and to perform or comply with all covenants. i��>,
<br /> „ ����.F; B. To pmmptly deliver to BeneRclery aay nodces that Trustor receives from the holder. ____
<br /> � '.,r C. Not to make or pern�it any moditicattaa or eatenston oP,end nat w request or accept a�y�utvre advancea uader auy �_-_
<br /> .,:.,, , uote or agreenoent secured by.the other mortgage.deed of uust or security agrcetneat unlesa Ssneflciary conseate
<br /> •i:.:;,. ,, ia writing. .""..
<br /> � • = •'$ 9. DUE ON SA�.E OR ENCUNBRANCE. BeneRciery may,ut Its opflon,declare the enure bnlance of the Secured Debt to ��
<br /> • " 'd� be Immediately due and payable upon�he creation of uny Ilen,encumbrance.tranafer,or sale,or contract for eny of these �_
<br />- •.�:� oa the Propeny. However, if the property Includes Trustor's residence, Wia section shull be subject to the restrictions
<br /> � #�� imposed by federul law(12 C.F.R.S91). as appticabfe.For the purpases of Wis sectioa�the tean"Propetry" also includes --
<br /> �'�'�; . . any incerest to atl or eny pan of the Property.7bfs cove�uat shuli cun with the Pmperty and ahnli remoin in efffect until the
<br /> ;;��7.r'r �-_-
<br /> , ''^ �' 'r'����' Secured Debt is patd ln l�II and thfs Deed of Tcust is rele,ased. —
<br /> ° �,r:
<br /> � . j„,. E
<br /> �''`�• �t 10.TRANSFER OF AN IN'1'ERES°i'�1'i'IDE GRAIVTOR. If Tmstor is aa entity other thon a naturr,ll person(such ea a
<br /> � �S': corporation or other organlzation), Heaeficiary may demand immedlate payment 9f(1)u heneticial interest in Tnutor is� ! -�
<br /> � � � '� sold or uansferned; (2)there Is a chaage ia either the identiry or aumber of inembers of a partaersWp;or (3)taere is a � �� -
<br /> change ia owaerahip of mora tban 25 percent of the votipg Rtock of a co�paration. I�owever.BenefletuYy may not demand �'
<br /> ' paymeat In the above situations if it is probibited by law es of the date of this Dced of Trust. �°
<br /> ;, :',.�:
<br /> i�.ENTITY WARRANTI�3 AND REPRESENTA'PIONS. If'hustor ia nn entity other than u naturul person(such as a ._=
<br /> � . � corporation or other orIIenization),'Tcuator mskecs to Benefieiary the following warcanttes and repreae�tudo��rhich abnll _
<br /> � be condauiug as long as the Secwed Debt mm3ins outetend{ng: ?
<br /> ' A. Trustor is An enttry which is duly organized aad vulidly extsting ln the Tcusror's stute aS inco:porndon (or :=---
<br />- . organizatioa).Tcustor is in good staudiag ia all states in whlch Tcustor transacta buainess.l�usror has the go�ver �_--
<br />- '�r aad authodty to owa the Property aad to cazry on lts business as now bcinB condu�txd nad,as applit�abl�. ie ;
<br />_ .� quuliflad to do so in euch state ln whtch Trustor opemtea. G�,
<br />- �� � � " � �. The execudan, delivery aad perfoimance of this Deed of Trust by Truator nnd the obligation evidenced by th� ��:_:
<br /> � Evidence of Debt arc wtthin the poaer of Trustor. have becn duly authoritrd, have receivod all nccess�ry �__:
<br /> _ . govesnrner►tal appmval.and wiA not violate aay provislon of law,or arAer af caurt or govemmental agency. �=,
<br /> � ""!.�, C. Othsr than diacloseA in wdting 1'rustor has not changed its nwus within tha last te�n eare aad has not used an ''�"_=
<br /> Y Y i�c:�
<br /> other uude os fictittous name.Without HeaeRctary's prtor wdtten cansent,Truator drn� not unJ wUl noi use an,y �:��.
<br /> �� � other nnme and will preserve lts existing nfune,trade names and frsnchisea until tho Sucured Fcbt 1s sntisfied. ^s
<br /> n une
<br />- _ _ - .9 oanuan�rv �niemiTi�N_ si.T�.�e�rtnNfi AT1D ItYBAII�:CTION. Trustor witi kcen thu Prouectv in sa�t condition
<br /> -- . �and muke all repairs that are reasflniably nec�:ssary.Trustor will givo�eneticincy prampt nutice af any loss or damage to
<br /> - � „�� the Propecty.T�uator wtii keep the Prop�rty fnx of noxioue wa:ds nnd prasses.rruator wltl not inftiate,join in or conseat
<br /> to any change in any privnte restrlctiv�covennut, wninQ ordinnncc ar nth�:r public or prlvutc restdction liniltiag or
<br /> defiaing the uses whtch�ru►y !�mude of ihe Pru�urty or nny purt af tl�e Praperty, wtthuut Beacficinry's prtor�vrjtten
<br /> - ' consent. Trustor w[It natify Bcrut"iciory uf �Il deiuui►Js, procecdinQ�, cluinu, und actions ogaiust TrusWr ur :my.odur .
<br />--� „ o�vner msde under law or reguluttun regardfng use.ownerehip und o�cupancy af tha Pmperty.Tcueeor witt coniply w�th all
<br /> " teQal nyufmraents nnd restrictiona, whcther publlc or pdvate;with tc:spcct to thc usc ot the Pco�eny. 'Cn�stor also�rees I
<br /> . that the nature nf the owupancy and use will not chun�e without Beneficiury's priuc wriue�t�onsent. '
<br /> , N�portion of tlte PrvpeKy will bc tcnwvcd. deitwlished or matcrially ultcrul witt►out Beneticiury's priot wdtten conscnt � �
<br /> „ exr.y�t thnt Truetor has�he right to n�rwvc Iteme of personal property cun�pS�sin�n purt of tho 1'ropetty thnt b��cottt�worn �
<br /> -_ ,.,;' �� '
<br /> �!/ �"
<br />- i; • . .. � • tlt0010a�em�6�e�cnn.lnc.bt UwU.IAbItUC(11i/7�111 fcuuAO�COUTNI f0�J0,ul . , � '
<br /> -
<br /> _T. � '.
<br />
|