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<br /> _ ��. ... ..�:� - ��°- �,��'7�9 ����_,.a�.-,,._.- --
<br /> , _, "_ ,.` . pollcy containiap a ciau�a !or last psyabl� !o t�w Hoes�@loiaey an9 ttu� �;�-:,_'�,4�n,°-==---.-
<br /> --- - 8arra�r a� thsir re��tive inRareate ers�e� a►t tt�e ti� oi tl�a 1��� � �o �a;,��r=�_ -
<br /> .� . i r�wwi�.�.i'-�w:...-_---.,
<br /> provide evidsitcs oP payacnt o! tho prwi�m ot faid polt�ay u� eea�af�l� --,.�'�_�vn`Ti_^Y_
<br /> a �. d�9 by ttto Ixn�Piciary. , ,. .cw.;�_;_�---.�.--=
<br /> t`.�-,
<br /> qnleoc Lu�der and 8arrow�ar ot�trtia aqca� in wrLRi�, laawr�nc� „-�--=--`
<br /> •;ri.-ri.-�,-�-�-�
<br /> .. . p�acc��a eh�ll �S eppiied Lo s�eet�cat�gn es re�air o! the �r�gnrty d�sat�. ,, .•• •„.. °'�.: ,-': -��_
<br /> '-'� � � it the a�storation or cepair ia econowic�llp l�atible s�fd Lan�t�r'a �curltY , �',,•-.:a;;�;'�•t�"i:,:
<br /> , ,.,;,�.. �, .
<br /> . .. . :,_ ia twt lessanm�i. or the instia�anew grex�e�e chali �is ��1i�td to th� ata� �;,,''_�_,.�;':' .. .
<br /> secueed by this Sacuritp Inotc�a�nt, wtutlwr oe no� � 6�, Witis a�y : _
<br /> excems gaid to Borrower. ;:
<br /> IS 1S��ra�xareu r�krandans the Property, or doca n�4 anst+ar al�thin tAirLy G_`
<br /> (30) daga a mr�aRfl� fPax� EaeiWer tt�a4. !he ineurmrtce eaecior hsa o!lee�d to ,,
<br /> settl� � �Ils��m,,, 4JM�n �s n�y callect �ha insurancca ps�ocaada. 4ued�r m�y r
<br /> �, g� �Oa� � srag�ss �tt� ,r�koce tne Property oc tro pay a� s�mcad . ;
<br /> � flr�P 4Iln�� �c+asflt� II¢a�s�S, oet�ttQrm$ or not then due. ?he tMirty (30) dny �'� '.• `'�
<br /> �a�8� will 1��r► m',In�m, BJha rcotis�, flr� �II�an. .
<br /> � S. WAS�Ba '�'fice,� the Borros�as� �$1 not commi! or euPler any wasts , . F:, �
<br /> ��.:•; � � �ro��� �: t'as�i,�!,�
<br /> , �;i";,;.� ,:,��:'rb.�_..,.-
<br /> 6. A��as ou� its agent may moBs� a�n�b� en�aies upor► and '�.'.� ,: � �_;£,'�--�_ .
<br /> `� `�� .: in�ectione o� tha Fs��sesty. Lender shabb �flwa �usaYa�sres notice �t the time ���` . ? �
<br /> .:;::1��
<br /> :;i��`' . . off ca� prior Lo an incz�ction epe�cifying a�saaaa0��e �ca�asa S�a the �;, ':��`;,.�
<br /> '�
<br /> ,•r�,;� irispection. . ,
<br /> %�;�. • 7. O�DBt+Q1�1TIQT�. �'tna �soceede oP any �wne� or claim for daaa�aso . . ,;.'�'6.��.;
<br /> `�i' dicec� or �4u�ential, isa c�nazErt.ion with eny ��tion or oth€�u �� � �,.'•��• '��
<br /> `1' talcing of any part of t�ae �'r���rty, or Por convey�nc� in lieu of ;'• '� �+�,
<br /> Csn^ademnatlon♦ are hercotcy� asslgned and Shabl be Pa1d +ca LendeT. � �c_ 'r`
<br /> 8. H�RROW�R A'�07�' RBLBl1SBD; FORS�lAR11NC8 SY LFl�DBR [�►P A ii11IV8Ro �. ���ij�-
<br /> �ti�
<br /> :;�n„ � �.•tension oP the time Pcr payment or modf�ication oP amoctization ot tAe ��.;, :'4�°`� r� �-:
<br /> .. _ .i•.:�„
<br /> ::;��. � sums secura�l Ly t.1�tu 3�curitp Islstrun�nt granted blt Leader to Borrower or ; �
<br /> � - = = rs�iy �eceas�r ia fntara�t aP 8arro�er ��i not oQerate to release the ;`._^:�.--y`
<br /> bfl�fllity c�S t3�e or4�ke�1 Barrower or Borrowe�'s euccessors in interest. -'''<�;,
<br /> .;::.. ,�
<br /> Y.ar�c�es shal L nat Zae x��wired to commeace proceedings against any successor :' ;�t'i
<br /> � i� interest os zefus� � extend time for payment or otherwise modlPy '�'-"�%
<br /> -'r,:,;;;
<br /> amortiaetiorn o� the �uu�s Eecus�r3 by this Security InstrumP.nt by reason of '"'' �%' '� ''
<br /> :��,,; ; . ,,t
<br /> t`1j � any demand er�a�1� by the origirv�L BorroWer or Barrover's successore in I ;:� ���� � �`��'
<br /> iueteuest. Any forhearae�ce by Leader in eteercising any right or reaiedy �;:'.<<s�r' '� ��::
<br /> sY►aill no� be a waiver �ff or preclude the �xercise of any riqht or remedy. ! ?:r•'.>��.
<br /> . ' ,���'��
<br /> ,,,;� 9. DEFAtILT. That, if the Borrower defaults in any of the �
<br /> covet�ants or agreements contained herein or in performance of the � , ; �.
<br /> Promissory Note(s) secured heceby, then the Bei►eficiary may perPorm the � ' �[,�
<br /> same ar�d that all ex�enditures made by Beneficiary in sw doing ehall draW ;,
<br /> .�.;�'�,•,. intecest at th� cate �x�vided in the Promissory Dbte(s) and shall be {�'' y,�i��
<br /> :��;l,ti repayable by Borros�es to HeriePiciary �nd, together with intere�t and croste ..
<br /> , accruing thereon, shall be secured by thie Deed oP Tcust. ,�;
<br /> ' � 10. ACCELERATION UPt►�1 i��F1WLT. 2P the Horrosser dePaulte in the � ',,;',;. .
<br /> ,:',.`,:' ,:��,,• payment of any installman�. �� �r�ncipal or interest due under said f ..,';ii.-,?
<br /> _ �ti��, .,•: tPeflmf.ssory Note(s) a� 4� the BorroWer degaulLs in the perPormence oP eny , .���,��:,s,�,l:,�,{`.,
<br /> _ r�• •
<br /> . � ' i ofi�Ycer covenent or ao�s��ment to be perPorm�d under said Promissory Note(e) �`��;,�.;,;,.-, • �,
<br /> � or this Deed of Truss�., or if a trustee, receivar or 2lquidator oP the �
<br /> Property �r. ce� Borrower shall be appointed, or any of the creditors of ! '
<br /> , � .
<br /> 8orrower sfin�,Lb Pile a petition in bankruptcy against Borrower, or Por the
<br /> . reorqanizatian nP Earcrowec pursusnt to the Federal Bankruptcy Code, or any j�, •,:;� ;
<br /> similar law, whether federal or state, arid i� such order or petition shall
<br /> �, � not be discharqed or dismissed wlthin thirty (30) days after the date on . �
<br /> � which s�ac&� �mrder or petition was filed. Borrover shall Pile a petition
<br /> � , pursuant $a 2�he Federal Hankr�gnL•cy Code or any ��lrnilar laa, federal or -
<br /> i sta�e, o¢ Aff Borsawec� shall be ad3udg�d � banOcsuFs3, or be declaced
<br /> �resobvein�, ar shsil: nz,6ce an aesiqnme�►�t £��: th� 3�er►efit oP creditors, or
<br /> shall a�S. i�n Wrri�tumg its inability Ro �ay i�s mlebts as they become due,
<br /> or shall cmnsaret ta the appoint.ment of a rece�v�� of all or any part oP t3ie
<br /> - . �ru�ct�'.
<br /> S9�c� +tAe ��cc�crence of any of the abav� described dePaults, or ,
<br /> • any��brne tpnar�aft�s� �eficiary may� at its aption, declare all the
<br /> ._�_......a........ ..e......e.a u.e�or,., i.,u�iAtalv due ar� navable and the same shall
<br /> ' � a��YQ1./�i��w�r� �r....���� ����� �_'�______ • � �
<br /> bear interest at the defacnit e�te, if any, set forth in the Note, or
<br /> i othea^irise at the highes� �rai:.e permitted by laca, and, irrespective oP
<br /> ahether BenePiciary exercises said cptinpa, i� cay, at its option and in its
<br /> , � sole discretion, aithout any further �wtic�s or demand io oc upor► Trustor,
<br /> � do ane or more oP the folloainq: (a) 9eneficiary may enter upon, take
<br /> i
<br /> paeseseion oP, mana9te and operate the Pcoperty ar eriy part thareoP; make
<br /> . � regairs and possession, in its ovn naa�e, sue for or othsrwise rullect end
<br /> receive rents, issuss and profitti, includinq those past due and unpaid, and
<br /> � a�� i
<br />
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