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of
<br />V
<br />3.
<br />at
<br />5.
<br />to
<br />or
<br />200405583
<br />gs and other fill a approved including fixtures and a
<br />.Insurance will be approved by an tl deposited wig
<br />y Boneficiary may be used [o pay forreconatruclmi
<br />(, in payment of any indebtedness matured or .tiro
<br />ser of the loan balance, the actual cash value of tt
<br />I by tire, lightning, explosion, riot, airerafvl vehicles
<br />Laurance in force to cover losses by flood as requir
<br />me Implementing the same. Trustorlsl further agree
<br />hatever reason, to obtain and keep this insurance
<br />sohmunts, and other improvements now on or hen
<br />ither commit nor permit any acts of waste or any
<br />I same or to perform any acts authorized herein of
<br />any liens, judgments, assessments, taxes, rents,f
<br />pmvements as provided herein ar in the loan egreen
<br />r repairs and anyy amounts paid therefor will beco
<br />'interest at the tletault rate provided in the note(s)
<br />w such amounts will in no manner limit the right of
<br />I and any act
<br />or foreclosure
<br />now on or hereafter placed on the property to
<br />rv, and or with lee. payable clause to
<br />tioyetl improvements or if not so applied may
<br />red by this Trust 0letl. Such insurance well be
<br />or the replacement cost of the property, and
<br />civil commotion, smoke, wintlsterm, and hail.
<br />iciary and by the National Flood Insurance Act
<br />is buy is not and will not be liable for any failure
<br />I on the property occupied and in good repair,
<br />of the value of the property. Beneficiary may
<br />it agreements).
<br />ass or maintain any Insurance on the property,
<br />rficiary, at its option, may make such payments
<br />he principal indebtedness secured hereby, be
<br />I :ntls1 from the data of payment until paid.
<br />I declare Trustorlsl in default or exercise any
<br />his Trust Deed, Including any action by Beneficiary to
<br />ondemnatlon and bankruptcy proceedings) Beneficiary
<br />showed by law), costs, ezppen as., eppraleal fees, and
<br />secured hereby, be immetliataly due and payable and
<br />. of advance until paid.
<br />are hereby assigned to Beneficiary; and Beneficiary is
<br />on
<br />s, .no ben nu .-
<br />enc.ary w... as a.........••.•.•
<br />fxercise the Power of Sale granted herein, Behalf V-1-
<br />clary will notify Trustee he will record, publish, and deliver to
<br />the ce of Sale, either es a whole or9a ..Perot. let., will in air Items provided
<br />such mtlera a "" Trustee will Ceem expedient.
<br />including Trustorlsl Trustee, or Beneficiary.
<br />a copy of any Notice of Default or Notice of Sale hereunder to be mailed by certified mail to Trustor(e) at the
<br />i[her in person or by agent, with or without bringing any acYlon or proceeding and with pr without regard to the value
<br />thereof to dischargeght'ndebtedness aecuretl hereby,'5 authorizetl end entitled to enter upon and take possession
<br />or In the name a the Trustee and d0 any acts or expend any sums it deems necessary or desirable to protect or
<br />tWor any interest therein, Drink the income therefrom; and with or without taking possession of the property
<br />for collect the rents, issues, crops, profits, an income thereof, including those past due and unpaid, and apply
<br />s secured hereby or in the loan aggreement(slpence m or resarvatl to Trustee or Beneticiery is intended to en heeunder or nowooh hereakei existing a[lawaor provided
<br />.mutative, will be in add "on tc every other remedy g v a.
<br />ised cancurrantly, Intl .pendently ar successively.
<br />fat the duties antl obligations o1 Trustee will be datarminad solely by the express provisions of this Trust Deed or
<br />ntl Trustee will not be liable except for [he performance of such duties and obligations as are specifically set forth
<br />rte or obligations will be impesed up.a T astee; Trustee will no[ be liable for any action by it in goo
<br />tl faith and be -
<br />suthorized or within the discretion or n9hts of powers conferred upon it DV this Trust Deetl or state law. se I
<br />fifty of Trustorle) conetM1Utos a part of tRe' annaidara',an gor igations
<br />arv. eat ks aptian, may declare [he Traitors) entirsell,
<br />a
<br />a. n
<br />level, rock, or other mineral lease of any lino mcmu.ny awn.....•.• •__� -• - -- • -.. _.._. .
<br />'.he proVerty or any pert thereof. All such sums so receivetl by Beneficiary will be applied to the intlebtedness s cur60 hereby; or ens iciary, a
<br />is option, may turn over antl deliver m Trustorlsl or their successors in Interesq any or ell of such sumo without prejutlice to any of Beneficiary's
<br />lghts to take and rstilln future sums, and without prelutlice to any pf its other rights antler this Trust Deed. This assignment will ba construed to
<br />to a provision for the payment or reduction of the tlebl, subject tq the Benefary's option ee hereinbefore pravitlnd, independent of the lien on the
<br />noperty. Upon payment in full of IIn debt and the reconveyance of this Trust Deed of recortl, this assignment will become inoperative antl of no
<br />urther force antl effect.
<br />14. This Trust Deetl constitutes a Security Agreement with reaped to all the pproperty describetl herein.
<br />15. The covenants con[einad in [his Trust Deed will he deamea to be seyerahle; in the event that any portion of this Trust Oeed is determinetl to
<br />ae void or unenforceable, thadddaterminof a n will not affect the valitlily of [he remaining portions of the Trust Deud.
<br />emc c are
<br />\ INDIVIDUAL BORROWER ACKNOWLEDGMENT
<br />STATE OF �fY�('at(t \K ('s ss
<br />COUNTY OFwYtG', 0 1
<br />On this �� =_ day of �UY�4� �1 =G� before me, a Notary Public, personally appeared
<br />p n
<br />to me known to be the personls) named in and who executed the foregoing instrument, and acknowledged that _executed the same ns
<br />nom_ voluntary act and deed. I� /�
<br />GENERALNO1AilY -Stain of NeM s1 ��L.I.An >� f� (�j A..�
<br />(SEAL) Ny
<br />BUS DB UI 2078
<br />(Type name under signature)
<br />My commission expires
<br />/ C'4) Notary Public in and for said County and State
<br />AP #: 00342114; Primary Customer ID N: 00052320; OF #: 38540 Legal Doc. Data May 24, 2004
<br />FORM 5011, Trust Deed and Assignment of Rents Page 2
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