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<br /> Ti11S OBED OF TAU9T N n�ad1 fdM.��d�rY a• �. n���d dM"Tn�1.
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<br /> � wr,ow n+�Iwp Ndnere ��r�.•��,wNoran++HIV►a•drl�+�iia
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<br /> -�- WlINBSS�IH:
<br /> � IF THI$80X IS CH�CKBO/Z ITHf$O&ED OF tRUST CQNS?'R�FS A CONSTAGQrION
<br /> 3BCURlTYAORBEMENT UNfNsli tN$111�BRA$1G1 CON8TR1l�GT/lr1MM a.IfrN ACT AND CR�J1�S,
<br /> aRANTS AND CONSTIIUTES A QGN8TR1lUTN.1N B�OURiT'Y IH1 r�RAB�IN THE PRQPFATY
<br /> - - - - OFiSCRf9ED NER�fNB�LQW. FIF1'Y 1'AQUSAIiD AND NO/lOt1 --------�----------
<br /> __���— WHEAEAS.Trumar h Indebted to 6wtslPalsry!n Ghs pdnc/paJ sum M. �u1 tp.�3.�(M+N►�aMr,
<br /> — OaMus(: 4�•��—.-� 1.whlah/ndsbt�dnsaa Is��Jdena�d by Truotar'a pm . -j.�9�-�--�
<br /> oaNad eM..Afoh•,).PsYibl4 tq the oMer al Bene1loi�uy and hevin0�m�turlly at� .
<br /> ° NOW.THEREFORI�kxtha purp�aM o/acudnp:
<br /> - —��e� (a) p�yment of ths lYats,toQed►ei wlfh fi►ta►9st fhi►reon..lete oh�upes.Pn�A�lo►inr►f'AenaAtloa.+nY lutun adwv+c�.�nd aN exq+►eb►w�
<br /> ,;-;`., �� modlfla+alona.sub�vtlfutlori�ind ronsWeki thereol�
<br /> (bl MY�M ot W dhsr auma�lesd ar chagea.hrpeGlnar w/tlt lnMreat themon�Aavanc�d to protect N��ol tlal��ed ot Tiwt�nd
<br /> - ;s:��s dro ps�fr�rrnanceW t�e ca�w►sms and aprewnentu of Tru�tar.whather.orrtat astbrth Aw�eln.
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<br /> �•` " � (Q! P�►ro+msncs.W�IOhA►pe of�nd compllanae w1tN.�vOry M►m„aovanant�ubNO�qa�n and epnsn�ern o/Tiwta oorkafi�d l�n�ln a
<br /> � ..,.,a,, ;t,. s,� lncorpor�Md by ntarena�or�rry olher escudl�r Jnrtliument et•anydms Olwn t�r�r�cwr fM Abts.and
<br /> . �.. �� '�.�, • wllh inln►�e�t tl�►�on
<br /> .... ;�;:;:�..,'�:.��� (aq the npaymant d al!atheirume a lufure advenaes. ,wh/oh m�y hantolbro hava bMn a henalt�r b�advanc�d
<br /> . ,�i;.;�y�^;,•.,. � by BeneNalary�o Tivaror a Tnretar's suaaeaeor In hmrnat a qda.
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<br /> . `; ;Ja':};I,•;�VS.''.�:. 4�rh all ol wldch le herelnaRai cMk�eduely oeAed tlie°Indebfadnars"�Tiuqorlmovoo�WY�ranta and dan+�hra Go Tiwtw,ln duaG WI1N AOW�R
<br /> ,.,�,t�c�'�rdr 3ti��a� OF SAf�the�ollawlne desaNbed prope�qr
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<br /> ��i.`� � �.;'>,'�;� �i L(7�P TiP�T1lwTNA (22)♦ JEI+1?B�Y OAKS S[1BDI�IISION, IN TH8 CITY
<br /> •^`"`�� ' '$: ' 0� GHADiI! x$LANA�s H/1bL� CaUD1T1T. NEBMSiLA
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<br />-�:;,-- �•.,.,>- . , � . [agedre+Nnm p)an ouildmg9..�truoturea,addiaons,enlrrpementa,mndiJh:atione,repalte.teplscamsrrt�,arrd tas��etstants nosr or AereeRei
<br /> � laoeted Ihereon.pl)ell eqqlAm�r��r»achlnery and Rxturas pncJuding,wltlaut I/mitadon.dl lJyhtlng,headng.ventllaNng,coolln8,vr
<br /> . . • aandllloning,spdnkUng.aod pla�mbing Nxturea,water end power systems,enQines.bolte�s,nv�ges,ovens,dlahweshers,minas end m+�b(a.
<br /> :;r , I Ce/peting,./umacea,o!f bumare.aMvetors end motors.reMgeradon plencs a unite.commuMcatlon systems,dynemos,bansbm►ers.elacbkN
<br /> �"'�������� �' equlpment,.sta►m-and icreen�wlndaws,doors,ewnings and shadesJ now ahereaf[e►attached%afwllf M,any building a/mpro�remeM
<br /> ''-�;,' • °�,�`�;� '; now o�hareaRar lpceted 1he►san,(lii)all easements end rlghts of way ep�pt��tenent thento,(1v1.ell leasehold estate.�lght.tlde and MteresfW
<br /> "� � . � Tivato�In and ro efl+�erasea,whelher iaw a herealter exlstlng or enteu�ed into(JncludinB wltl►out!lmltadon,sll cash and secudty doposfls,
<br /> . ' � advance renfals and deposfts a peymenta ol a almAarnature),pertalning thereM,(v1 all rerrts,lssuea,proBts end income therehom(sub/eot
<br /> 6� ^ ' to the dpht o/Trvetor M cdlect and apply such rents,lssues,profits end lncome as they 6ecome dua end payaWe so bng ea no eNenf ol
<br /> � defauN exlafs hereunder),(vl)sll royeltles,mineral,oH and gas dghts and proBta,water,water dghte,end weter stock,(W!)all tenemerds.
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<br />•;����. herodltaments,prlvlleges and appurtenances belonging,used or enpyed!n connecdon Iherewltlr,end(vAl)al!proCeed9 0l cor+vw8/or+,
<br />�-��•.� . vdun[ery a lnvoluntary,o�eny of the/oregdng lnto cash or qquldated clalms(Incfudlnq,widrout f/mNetlon,procQeds otlnsurance and
<br />';��� txndemnetlon awa�ds),a!10/wNch!s he►Blnalte►collecNvely celled the"Tiust Praperry".
<br /> 1 �• �D PROTECT 7HE SECURI7Y OF TNIS DEED OF TRUST,TRUSTOR COVENANTS AND AQREES AS FOLLO WS:
<br /> %� ;> � 1. nae.Tiusto►covenants.warrants and agrees wllh Benercfary,Jts successors and asalgns,that Tiustor owns the Tiust Piqperry/ree
<br /> . . - _ .4
<br />��.�. ; hom eny pNar florr or oncambrence,thef thls Deed ei Tiust la end w1l►iemaln e valid and eMorcenbfw fl►st llan on the Tivat Propsrfy.
<br /> ^�;;�..�� , fhet Tivator,at fts expense,w!U preserve 8uch tltle and wlll malntaln Ihls Deed of Tivat as a/1►st and pa►emount Ilen upon Me Tiust
<br />.' ��'"��� � '�! ' Properly and wlU Iorever warrant and defend the vaNdlty end prlorlry o1 the l/en hereo/agelnst the clalma ol all persons and partles
<br /> ��'p'{ •.`{�;,'�:,' whomsoever. Trusta,at Ns expense,wlll ceuse thls L1eed o►Tiust,and each�mendment or supplement hereto,to be Nled end -
<br /> J:,r; ti•.. .,,�:
<br /> •.:. �t, . ►ecaded as a morfgage of the Tiust Properry In such manner and in such pface and wl11 teke such aatlon as in the opinlon o/Tiustee
<br /> ., y., '.; •
<br /> •,i• . ��Y�., may be requlred by any present or luture law in order ro perlect,malntain and protecf the Ilen o/thfs Deed o/ iust,as e same may
<br /> . De amended or supplemented Irom tlme to tlme.Tivator wlll meke suCh lurthe�assurence or assu►ences to pe�lect!IS dde to the Tiust _
<br /> `'i7� Properry as mey be requlred 6y Benellc/ary. Tiustor hereby rellnqulshes all�lght ol dower and homestead in and ro the Truat Properry. _
<br /> '' '• ;, � � �I:. • 2. Payment ol Indebtedness,Trusta shal!punctuelly pey the pdnclpel o/and Jnterest on the lndebtedness secured hereby.
<br />� � , ip�,�,:,,�,*.r''' ��-�� 3. Consbucdon of Imp►ovements.Tiusta shell complete!n good and workmanllke manner any bulldings,Improvements a repafra rekdnp
<br /> '� ,�`�. � fhereto whlch may be begun on the Tiust Prope►h�or contempleted by tl►e loan evldenced by the Note secu►ed hereby,ro pay whon
<br /> �i ' � due sll costs and Ilabllltles lncurred fherelore,and not to perm(�any constructlon Ilen agalnst such Tivat Prope�ty.In the event
<br /> :.�� � consfnrctlon ol bulldings,lmpmvements or repaUs are contempleted, Tiuslor also agrees,anything/n thls Deed o/Trust to die conhery _
<br />; r ' „���,'`� notwlthstanding;(a)b pranptty commence any such wo�k end to complete the proposed Improvemen�s promp[!y,(b)ro compfete fhe =
<br /> j .; ,: � �." .�"� same In accordence with the plans and speclllcat/ons as epproved by Benel/clery,(c)fo comply w/th all the terms o/a bullding loan _
<br /> agreement,!I eny,between Tiustor end Benellclery,the terms of wh/ch are incorporated here/n by reference and made a part hereol,
<br />' ; ;; .:�. (d)fo allow Beneliclary fo Inspect fhe Trust Properry at alf Nmes during conslrucNon,end(e)to�eplace eny wak or materlals
<br /> ; � ; �- unsads�ectory fo Beneliclary wlthln IlReen(15)days alter written not(ce Irom Benellciery ol such fect.
<br /> ��� - s. Funds for Paymenf of Chargos.Sub/ect to eppllcabfe!aw or fo e wrltten walve�by 8enellcJary, Tiusror shall pay ro Bene/i%!ary on the
<br /> '. flrsf day of each month,or such other dete each monfh as may be speclfled by Benepclary,unNl fhe lndebiedness!s peld fn full,a sum
<br />.` . (herQlna/te►called fhe"Funds')equa/to 1r12th of the yearly taxes and assessmenfs whlch may artain prlodty over thls Deed ot Trusf
<br /> a�_. . 1 � end ground renls on fhe Trust Property,!1 any,plus 1rt2hi o/the yea�ly premlum Inslallments for hazard lnsu►ance,plus f�12th ol the
<br /> yea►!y premlum instaNments/or mortgege lnsurance,!1 any.all es�easonebly esflmated Inlflally and Irom tlme to Nme by Benellclary on
<br /> ''� • fhe basls ol a3sessments and bllls and reasoneble estima�es thereoL The Funds shall be held!n en lnsAtution,the deposlts or
<br /> �,,,,. {t'��; ' aCCOUnts ol whlch aie(nsured or guarenteed by a lederaf or state agency Includ/ng 8enellclery.Benellclery shal!epply the Funds ro
<br /> •:C...'��____. - .�_._.�._....r............. .
<br /> ?" — pBJ�3810 fBXBS,assessme►r[s,insurance p►emiums and gmuno reni�.aendiididiy 6hdii iw�uo i&yii�iov iv F,a'y ��vw.n mq.�..v.w....
<br /> f_;.� �, ' � � eaminps on fhe Funds. Bene�ic/ary shell glve to Trustor,w/lhout charge,an annual accounting of fhe Funds showing credlts and
<br /> '���• •' ' deblfs to fhe Funds and the purpose for whlch each deb(t to fhe Funds was made. The funds e►e pledged as additlonal securlry for
<br /> , ' fhe Indebtedness secu�d by fhls Deed ol Trusf.Il the emount o!fhe Funds held by Beneliclary,fogether with the lutuie monthty
<br /> �� '�.` ;� � �� ln8tallmenfs o/Funds payable prior to fhe due dates ol taxes,essessments,Insurance premlums and ground ients,shell exceed the
<br /> • ,,� '�,� � ' •• emount required to pey safd taxes,assessments,(nsurence premlums end ground rents es they lall due,such excess shall be,at
<br /> j Tiusto►'s opdon,elther promptfy repald fo Trustor or c►edlted to Tiustor against luture monthfy lnstel/menfs ol funds.It 1he amount of
<br /> - fhe Funds hefd by Benellclery ahall nof be suHlclent fo pey taxes,assessmenfs,Insurance premlums and g►ound renfs as fhey lall due, :
<br /> : ' ' Truato►shall pay to BeneNclary any amount necessary to meke up fhe dellclency wlfhln thlrty days trom the date notice Is mailed by !
<br /> ' �, ; BeneHclary to Tastor requesfing peymenf thereoL f/pon payment!n lufl ol all lndebtedness,Benelic/ary shel!prompdy►elund to
<br /> � �� � �• Tiustor any Funds held by BeneHclary.11 fhe Tiust Property/s sold under the power o/sale w the Trust Property!s otherwise ecqulied
<br /> '�. . "` � by BeneNclary,Benellclery shal!apply,immedlately p►lor to the sale ol the Tiust Properry orlts acquis/Non by Beneliclary,eny Funds
<br /> '�'� held by BeneNC►ery at the Nme of applfceUon es a credlt egelnst fhe Indebtedness.11 BeneNcfary execufes a written walver ol Trustor's
<br /> ,� „ � obllpaUons under thls peragraph 4, Tiustor covenanfs end egrees to pay,befo►e fhe seme become delinquent,ell taxes,assessments,
<br /> .. ., ivc�a�e�yro��e��rv�d�u�a+ri
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