|
. • ` �,. .
<br /> ;,
<br /> -s-�„ ;, r ,
<br /> �,i�� �`f
<br /> �� _ . -ur�r���l/
<br /> 93- io'�os
<br /> eh� �v�nk ot lo��, tho proa��d� th�r�of �hall b� paid to th� s�e�lioiari��
<br /> Mho s�y appiy e!►� �a� or aay p�rt tb�r�o! on th� iad�bt�da��� ��our�d h�r�bp
<br /> or toaard th� r�ooa�truation or r�pair o! •aid buildin9� and i�prov�a�nt� or
<br /> '� r�luuis �am� to th� Tru�tor�= (�) to psy aap li�n, alaia or oh�rq� aqaia�t th�
<br /> ' �' prop�rlp vbioh �iqht tak� pr�a�d�nc� ov�r tb� li�n h�r�of: {!� to pay oa
<br /> d�sand �11 titl� ��arad�� aad appr�i�al f��� r�a�oaably iaanrr�d or paid bp
<br /> S�a�liaiari�� to coli�ot tb� liot� or lor�clo�ur� or psot�ot th� li�n o� thi�
<br /> D��d ot Tru��i (q) that in th� �v�nt Tsustos� �dall tail to aonplp witb th�
<br /> provi�iop� o! (a) tbsougb (�� abov�• th� H�n�tiaiari�• map �xp�nd �uab lund�
<br /> and tata �uah action a� i� aoa���ary to rua�dy �uah t:ilur� aad sll swe� paid
<br /> by tih� B�n�ficiasi�s pus�uaa! b�r�tio vith iat�r��ti �t th� rat� h�r�inait�r
<br /> provid�d ■hall aoa�titat� a li�n upon th� prop�sty, •ball b� ��aur�d bp thi�
<br /> D��d oi Tsu�t, and s6a11 b• iamodiatoly du• aad rapsyabl• to th•
<br /> � '`� ' S�a�iiaiari��i (h) thet i! tb� prop�rty or �ny part or pwro�l th�r�o! �hall 1»
<br /> ��.��; , tak�w or dasaq�d und�r th� pcsrrrr o! unin�at do�aaia, th� awud ior any Prop�ztp
<br /> Y� � � `sr.��r,�._``:��.. �o tak�n or daa�aq�d (inaludiaq ��varana� daaiag�� to th� r�nainiag pr�wi���)
<br /> �'"�•` ��' ° shall b� paid to the Ben�ficiaria• and dppli�d in lull or ia p�rt at tb�
<br /> �`.�;.Y'• �.�.: .�:• �� optioa o! th� e�a�Yiai�zio• in roduaLion oP th� ind�btodn��• dar�by socur�d=
<br /> • t � � �;,� (i) that th� Hen�ficiarisa •hall bav� Lhe right to iA�poct the Prop�rtp at
<br /> . L.:.,.. ..,�.. �•; �ucb roa�onable tiaiss se th� S�a�fiaiari�• may d�sire to d�tsrmine Tsustor��
<br /> � .,,. � complianao vith tb� aovonants contaia4d ia thi• Deed of Tru�tf (j) th�t th�
<br /> . , , s�a�liciari�s may r�i�a�• irom tha lien h�reo! sny part or para�i ot eh� ��'`"
<br /> ,�• .1.....- - �� , Prop�rty without roquiring any con�idoration Lhoretora, and (k) that Tru�tor�
<br /> � • • ar� lawiully ��is�d of said pr�mi��s and Prop�rty in fe� �inpl�, that tb� ■am
<br /> � • • . ar� lr�o and will r�main fr�� �rom all lien� a�d oncwnbsanc�� �xc�pt •� �a�y
<br /> '' " ' . . . cth�rwi4• b� spoaitiaally notod horoin or waivad ia writiag by th�
<br /> � Hsa�liciari��J that Trustor� aill ax�aute or proaure any furth�r n�aessary
<br /> ►'� � e�s�urano�• o! title and do�� hor�by warrant gantrslly the titie to �aid
<br /> . � „ Prop�rty aad will forever d�tend tha aama aqain�t the alaims And d�mand� of
<br /> � `� � all poxson� whomeoevar, and that Tru4tors� �eparate astate, whether vested,
<br /> �
<br /> ° • aontingont or i� oxpaatanay, io hareby convayed AAd Tru�tor4 do h�rvby
<br /> expr���ly waive, rsloae• all rights and benefits of any homoatsad, dowar,
<br /> '�: � • � cuzt�sy, apprsi�em�nt, ex�mption and rtay law� of thi� state. it ia aqreed t��
<br /> �. � .. ..' • that tho intorast providad !or in auboacCion (g) abovo ohall ba at the ramo , �
<br /> � � �� rate as specitied in th� Noto ��cured hereby on th� prinaipal thereog atter �.,:
<br /> .��� � dalaul! and maturity. �•t
<br /> � `'
<br /> �� B6COND: in the event Trustoro, without the prior �ritten coneent of "` •
<br /> ' S�aatioiarioo, shall aall� tranetor or convay or contract to sell, traasl�r or �
<br /> ; ' conv�y the rrvperiy, or any part theroof or any intereot therQin, the entire
<br /> 1. ' balanco ot the indabtodne�s hereby eocurad �hall becomw and be itrouediately duo
<br /> , and payabl� a� the option of suneficiarieaj provided, howaver. ganoficiazie� �
<br /> � may waivs such option to accalerate if, prior to such aale, transfer or '
<br /> i•.,,.
<br /> • '' conveyancQ or oontract tharQfnre, Beneficiariee and the person to whom tha '
<br /> �' � �' property i• to be sold or traneferred redch an agreement in writing that the ,
<br /> crodit of •uch person ie aatiafactory to Beneficiarie� and that the intero�t
<br /> , payabla on thv oums oacured by thia Dead of Truat �hall be at euch sata a�
<br /> �� ,- , � Bon�ficiariaa ohall raquest.
<br /> ,
<br /> TttiRO: That a• f urther eacurity for the psyment of the Note and the
<br /> fndobtednoa� therQby evidencod and the performunee of ali ot the term�,
<br /> 1 e .
<br /> 1�
<br /> t �� ___ . _�.. - .
<br /> , . ��--- �- - -
<br /> . - �--------------
<br /> �-
<br /> �
<br /> A�
<br /> y l .. .
<br /> � ; r
<br /> �
<br /> � '
<br /> 1.� t1
<br /> � � ..
<br /> l. ; f • � .
<br /> 9
<br /> �
<br />
|