|
,.. .
<br /> _. �.. .4 .. . . , 1. _
<br /> .. -. ... a "..
<br /> ..
<br /> , � :. ,
<br /> . : ` ,• . ' Y
<br /> .._. ....�.
<br /> —..
<br /> y .
<br /> � .-J.. l .
<br /> '�c- A . . f . . . . �; .. ; . . -.. ..._. _ r . , S . . • __ ' 2��
<br /> __— , . .. . � - � . , ,.. � . . . } `{ ...tC� . . Et�. � j —
<br /> �.f�,✓ `3 < < ••,•.� ' . . - .� .` � .. ' . . � , .. ,1.� .�±. .,� ... , `�Y2
<br /> ..�C` . , . ��_ .�. �. . .. ' . ` i� 'l . �. . . c"'. ' . • A _ . - . . .. .< ' � .
<br /> . . t . t � � - .. . ' ' . • ' ' ' . .
<br /> ' ` . � Z,. ��. '�'Tru�tar,iE th� o�ra�r p� tlis grapssty, 'baa th�. � ,; .
<br /> , : r#ght�and �au�horit� to.conv�ey' tbs.P�opet�y uu� wuzants .th�t�ti� =:: � -�-
<br /> , . li�t�cr�at+e�d�haraby is a first and< prior lien oa tb� Prcpeirtp snd , •
<br /> �.�� � � �tu►..�ne�tioaa uid �deliver� ,of ths_ Deed of.7�at dae� �not v�.viate . . � .
<br /> . _. ' �-��at_o� ot.her.obligatiort 4to_ti�r.�i,�7�'r�i�tv�_is �u��+�ct. . -- < - . ' .
<br /> . . ' � . � �3. �T�L,��:�si ��rsent`s. To p�p�Iaer€ort�delfnquent a�l taxtd, .: .
<br /> � , .e�pec�s} aseeis�en�s .and ail other clusqe�r againat.the Property �
<br /> .- � aae. ar heresfter 2exie�. , . , • .
<br /> ,�. T�.��ranc�. To keap the Praperty inaured against da�eage .
<br /> � � _ � by fire hazards inc�nded rriLh the terat "e�cten+ded aovcr�ge• and . .
<br /> euch other haza►rde as I�ender mayt require ia amoimts .anc€.rr�tt�t,.co�-, � -
<br /> . . _ paniea acceptabTe to I�enBer. naming f�ender as a:► ac�itio�°;:�tamec� .
<br /> . insured i+ith loss payable ,ta the Lender. In case �o€ Ioas `iii�er .:... ,.;;,. :-:.. .,
<br /> � such po2iciea, the Lende�'...is. authorized to adjust; .collect and �� ':'�'�';`;;;�::"• �`'�
<br /> cotnpromise all clai.�s:therewnder aad shall ha�e +the o tion .of ._:."�;�� ,.>'�:'
<br /> P �....,�':;::.:��
<br /> applying all or pa�t:af tl�ie.iasurance proceeds tiy to axiX_ i�debtw: .,,.`.:,.; j
<br /> . ednesa aecured here�:and ..ia �uch order as I,end�r may deCermine,. �
<br /> ;fi� to -the Trustor to lQe` .us,ed for�tiie r�pair or reatcratioa� af ,. �
<br /> � the :Property , or (.�,3.�)�� for .any at.�se�c purpose ar object eatie- =
<br /> factory to Lender �.�ut affecting:��he lien of this Deed of
<br />= Trust for the full amount aecured i�eieby before .auch payment ener.
<br /> took place. Any a�sp2i�atio�r af prnceeds to indebtedaee8 aball
<br /> not extend or postpone "the due date of. any payments, under the
<br /> � Note, or cure any default thereunder or hereunder. �.:. . .
<br /> 5. gscrow. IIpon written�demand by Lender, Truator �shall
<br /> pay to Lender, in such maYUier as Lender may.designate, sufficient
<br /> eums to eiiable Lender to z��y a� they becorn�:c�ue one or more of
<br /> `�':.: � � the. following: (i) all t�.xes, _asaessments:and other charges
<br /> � �'j.. ``'`�1��`� ,a��st• the Pro�perty: tii? the premiums og����e property inaurance
<br /> ;. �.��:�^."'�'`:;.1 —
<br /> �,f.� �.; ��air�d hereunder, and (iii) the premiu�s. �.on any mortgage inaur-
<br /> .•ku.:� - -- -
<br />� -yr,�. - . , ance required by Lender. ;����-
<br />. . ._. . � • �'V �""r
<br />'• � .� . 6. Maintenance Repaira and Comuliance with i,aws. Trustor .�`,Y;'�_
<br /> - � • � . � shall keep the Property in good condition and repair; ehall _
<br /> _ promptly repair, or replace, any improvement which may be damaged
<br /> �.;,':' , or deatroyed; shall not commit or permit any waste or deteriora- , � • � __
<br /> .;.,..;.,, . _
<br /> - �,;���:;i,; , ,., � . tion of the Property; sha�7. not remove, de�alish or substantially t:�' .: _G
<br /> '`��`;s��,� : a.lter an of the improvementa on the Prope��y; shall not cemmit, =
<br />-° �'' t .��`:sL'.!.��: ' y `' . . :. .
<br /> '�;:i;:::,.,t-��;��t;s:;s.,.,;;_ � snif€er or permit a� act to be done in or upon the Property in � � .
<br /> y.. •c'lr�?`�;�r�`:.'�,: ' E •-•.
<br /> ~::;;;�:;`,:;;�;��-»;,;,,n;,.�:< <, ; .. ' � vs0lation of any Ia�� �c�rdinance or regulation; attd shall promptly ;..- . ..- ,:
<br /> . ;;�1'�-'•;':�;.,-r' �.`��`;' `' � discharge at Trustms°s ccrs�. and expense all liens, encumbrances ; .
<br /> , ''� ` � � . � and chargea levied; i�mos� or assesaed againat the Property or , ' � . �
<br /> . � � � aay part thereof. . �, � � �
<br /> . _;,._.;,... , � : . _ .
<br /> �"� ' ;�i�}::�.;:,.�, � � � ...
<br /> �.: .. _:�..�...• �.r.,:r.�.,,, gned all compensa-. ; -
<br /> �.. �- .;.;,,,.,:;�;j,, � . 7. Eminent �maizi. Lender ia herelqy asei �� .
<br />`����" � �'Y:;�:r. `� : i;•���+�%���, , tion, awards, damages and other payments o� relief (hereinafter � ��`
<br /> r,�,,,��.
<br /> � ",;��;��i���-'.�:.�';-',;:;°.rf;`` � - "Proceeds'"2 in connectia� .s�ith condemnati�a� or other taki�a�. a€ . � , �
<br /> �._?-���•+ �� �-,����; ����� � tlie ProperLy,r or part thereof, or fvr convc-�rance in lieu o� c�n- , .
<br /> ��i-::., -, .r.�•,.. , .
<br /> ':''�:� �. -'. ��i,, .1 . .
<br />;, ',: %:<�.��' . demnation. Lende� sPcal].. Poe entitZ.�d at its option to commence, �
<br /> .:.... ,.i,,<<,,,.,��, . .
<br /> :;�,,: � Y;���;;�r; .: � appear in and pres�cute in �its owrn �ta�re atsy action or proceed- �... ,
<br /> r�� in e,, and sha11 als� be er�titled t� ma�se...any compromise o� aet- �
<br /> � �f?`' `����; ; tlement in connectiost wit� such fiaFci�zi:gt:.�c�-c�rnage. In the event t ;. '
<br /> � '�;.; • , . , •
<br /> � any portion of the Proper�y 3s so ta,cen_ar aamaged, Lender shall
<br /> � .-. . :.,.,;;i;';! , � " �..►,`..
<br /> ___,;t�s;�,.;_ have the option, it its sale and alasolute discretion, to apply ��,;
<br /> , . all such Proceeds, after d[edu�ti�g therefrom all costs and
<br /> �.. . .,� . ' expensee incurred hy it i� connection with auch Proceeds, upon
<br /> . , end r�� �� .
<br /> �' , any iadebtedness secured hereby and in such order ae L ei y
<br /> � determine, or to apply aII such Proceeds, after such deductians, $` ..
<br />_= - - � - .,,.,-�; .- to the xestoration of the Property upon such conditions as I�ender
<br /> , _ ; , may determine. Any application of Proceeds to indebtednesa shall , � .
<br /> • � not extend or postpone the due date of any payments under the `
<br /> ___';��� . Note, or cure any default thereunder or hereunder. Any unapplied 3
<br /> �- ,-- ' funds ahall be paid to Trustor.
<br /> . � . . . 8. �erformance bv Lender. Upon the occurrence of an Event �
<br /> � ; of Default hereunder, or if any �act is tiaken or legal proceeding �
<br /> � ������ : � commenced, whiah materially affects Lender's interest in the
<br /> —_ --.= '- - • . . Prope�ty, �Lender may in its own discretian. but w�thout ahlfga- .—._ _...._.--
<br /> � : :.A - ��. � � tion to do.so, and without natire to or demand upon Trustor and . �
<br /> , ,
<br /> � ; � � . . .:� � Z . ��
<br />
|