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<br /> B. uNas�pplioa�ato!uw provtdea oth�rwiao,ell�;symtnU r000lvsd by Londer under th9 Notv and paraQrapha 1 ertd 4 heteof shett b�eypll�d b�tl�nd�r •• • .-:4j�,��_,_-�
<br /> ftnt In pryrrtmt ot anounto p�yebls to Lendu py 8ortowet urtder p�r�preph 4 her4of,th0n to irtt�nst pey�bte on tho Not�,then to tM princip�{of �.sx.,�,���,�,,.__
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<br /> ° �c, �E. Botroner ohel!ke�p tho ProDortY in pood repni�and aMp not aommit w�u�or psrmit Impairment or d�terlorotlon of tha Prop�tty. ',,r,,,.,,.,,�,�f;��,-�
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<br /> �. � 7. It tha F3orroweT trdio to:a)mcinte.ln or poy the pramtum�for the roqvlred inauranao of Qhe Propsrty,or b)pay taxat betoro dellnqu�nt,ot o)p�y�ny _,._,- _
<br /> '� amaunt due undor o pdor mortpet�e ar truat dead before ddinquont,or d!mnintaln tho Propetty in paod ropeir,or a3 peAotm eny of the oovsnmt�or =_
<br /> ,y � �Qmmsnto 04 thta 7ruat Oeed,th�n lender mey ot In optlon p�y cuah Insurertae premlursno,texae,mortQepe oi truat deed paymtni�,oTmrk�nptlr�
<br /> snd disburee nuoh cum9 and tcko auoh eadon on it deem�neoeaoery to proteot 1ta inter�nt r+Ithaut r+alvinp ot uttoatirtp ite ripht to dsatan or d�fr�lt x_
<br /> '� � �r�Q�pb���tly dabt seouted hnreby bsoeuas of tny auah idture of the Eiouowor. Any amounts oo dinburood by the Londs�ahtil aorodtuU �_ ,,__�--
<br /> "� !� e�1QIoM1lnd�btl�Unenu of Borrowor eeoumd by thla Ttutt Oeed and ahall bee�Inteteot from tho dete ot dluburoement et thr nt�poy�blo undn tM ._
<br /> a Rlote. Mothinp oontdrted in thie parepreph ohcll roqulre Landor to meko nny ouob dinburoarte9nte ot t�ko any aotion r�hotnoevo►. j�� :�
<br /> �8. �.endor mey meJco ar ocuoo to be made reasonabie entrleo upon and tnap�otlon ot thu Propurty. � .�
<br /> .,��•- ,
<br /> S. The proaocdo of any eword or oldm tor demepao,direat or oonaequenUct,in aonneetlon with eny oondrsmnation or othar teldng of the Property, 4�� �'.
<br /> or pari theroof,or for oonvoyanoo in Ilou of oondemnsdon,ure hereby a4sipned urtd�hsll be Daid to Londe�to tho oxtent ot the tull amouot o!the _
<br /> remaiMnp unpnid indobtednaco aeourad by thie Tru�t Deed. .�� � ,
<br /> If the P�oporty io ebcndaned by Bovrower,or if,etYer noUae by Lortdor to Borrowor thot tho aondemnor oNo�e to make sn eward o�eetils�eWm fot ,,•;� "'
<br /> demspoa,Borrowor teils to reapond to Lender w(thin 30 deya after the date suah notloe ie malted,Londer is authoriaed to oo{Ieat ond eppiy tho procoods ��' �
<br /> � to the suma aeoured by thia Tryat Oeed. � 4.. �� 'T
<br /> " Condemnedon pt0000da or owarda eholt bo aresdited to the lest ma4urinp inateltmants of tho indabtedneso oecurod ertd ahnil not exeead or pottpone �1_��f� ., �,
<br /> ihe due date of tho inataUmeote rofercod w In peroprephi 1 end 4 h e re o t o r a h a np a t A e e m a u n t o i e u o h I n a t ailrti ant e. ;S-
<br /> . F.• _
<br /> 10. If the 4onder tasuea a perdal reieaea of thie Truet Deed,the prooeeda►eceivod therafor ohelt bo arodited to the last metunnp insteUmenta of the ;� ` ,;.,� ,�,
<br /> • i�debtednesa eoeured hareby. x , �'
<br /> �+ -
<br /> 11. If Lender either volu�teHiy or involuntadiy bacomee e party to any euit or tepal prooeeding retating to the Proparty,Nota o►thia Tn+et Dood.then . " �,
<br /> 4lorrowar wifi roimburee the lender for ell aoets end,to the oxtent pormitted by lew,roasonablo wttorney teae inaurrc►d by the londer relednQ to suit
<br /> or iogai prooeedings and said eums shail oonsdtute eddiUona�indebtednese secursd by tk�ie T�uat Oeed ond boar�ntoreat et tho rete peyable utulee the � �
<br /> Dlote,unUl paid. „ "
<br /> 12. As eddition�l aenurity BoROwer does hereby esdgn,trenafer and set ovor to Londn�.in aeae af dafeuit in tho par�ormenae of any of the torme o► ,. '
<br /> conditiona of this Truet Ooad,the Note,or tho tertna ot eny indebtadness seourad hor�by, alt ot tho rento,revenu�s end any inaome of any type �j
<br /> � wheteoever to bo derived irom the Property,foctuding lend oontrnct peymonta. Londor,in peraon,by agent or by teaefvor,without repmnl tp tha ,
<br /> � ..
<br /> aotvenay or ineolvency ot the 8ortowor or tha value of the Ptoperty,shall be entiUad to teke posoeselo�oi. rapeit,rent end menepe the Ptoporty end '
<br /> � • '� to oolieot the ronte,rnvernies and fncome therefrom and it mey pey out of said inaome all pxponses of repeir end coata inaurred in rontinp and mena0tn� '•�"i"v�
<br /> ' . '��•�':' the Proparty end oo{teotlng rerrteis end for paymo�t of ineurense premiums with any rsmdning balanoe to bo eppifed to tha le�t metudnp poymonln , l�`�
<br /> � • '�'�� , of tha dabt sacurod horeby. Upon preaenUng a copy of thls Truet Deed end demend to eny ieesae,tsn�nt or aontroct purchaser oi tAe PropeKy,suoh ;;r��
<br /> � ��, ''" person ahali pey eli rents,paymants and profits accrued or thereofter acoruing to ihe la�der una�further notiae Arom tho Lender. ���
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<br /> 7�. li nii�r o��y ror��i.Aa Pr'oKa:ir ar ary:r.t�raai tha:w'r:a�ssd�,_oid t;�end rt^ntr.aer o�otherwiae oonvoyod,eiienated or tuRher encumborod �:�TT_-
<br /> ehher volunterily or involunterily without Londor'a pdor rrtitten oonaent,or if the Trueto�ie w oorporatlan ond the�e ie e ohenpe in ownerohip of 6096 �,:�
<br /> or mote of the corporation's stoolc,or if the Truatar is a partnorehip enci thero ia a change in tha mnmborohlp or e dieaoiution ot the pertne{ohlp, � �� _
<br /> • exeluding(e)e ttansfer by operatton of low upon the daeth of a Joint tanant or(61 aha Ore�t ot anq lea�ehold intereat eo4 eonteininp en optian to ��
<br /> purchnse with a laaoe term ot two yaors or tees,or(al the oreaUon of the purohpse money eeourity Intaroat in houaehnid appilanaes,then letaler mey. '
<br /> ' at its optlon,deelare pIi eums eeeured by this 7ruet Deed to be immedietefy due end peyablo. In the ovant the Lendor eonsente to eny euch cbaape i '!
<br /> in ownorehip,control or diasolutfon ar trensfer of eil or any part of the Proportyr,then Le�der mny et Ite opNan adjust the intoteat rate to the ptmti.iinp r;� ;
<br /> rate of interest that ls charged on new secured loe�s of the type sacured by this Trust Deed at tho�ime of tha ohanpa in ownorahip,oontrot,dissoSution ` � .
<br /> of t�anafar end may charge a transfer fee. � ,��
<br /> 14. Upon 8orruwer's breacfi of any covens�t or agreemenc of Burrower m thls Ttuet Oeod,inaludinp the covenante io pey when due e�y sums tdcured „
<br /> by thie Trust Daed.Landar et Its optlon mey dectare all o(the aume secured by thio Truat l�aed to bo immodiatnly duo enA poyoble witho�et tu►ther �
<br /> deme�d and may invoke the power of sale end;or any other remediea permil�ed by aDP��cobfo lev.inaluding thu npht to forecloao this Trust poed in i �
<br /> tM meoner pruvlded by Iow tor the foroclosuro ot mongeges on roet astale. Lender 9ho!� bo antitled a collact aIl reeaoneble coete and exyonses � �J�
<br /> incurred In pursuing suah remediea inotuding,but not limited to, end to the nxtant permittad by�ew,reaeonob�e ettornoy feos. � •, :���
<br /> �f the power of eete�s invoked,Truatee ehell record e notice ot default In oech county in wMch tho P�oporty or eome part thereot le loceted eM D►ovide � � '��
<br /> ;:;;�� 'i notice thereof in the menner presc►ibed by eppliceble lew. Aftor the lepeo of euoh timo as may bo required by eppliceble few,Trustee ohell pive public { ;•?�,.!
<br /> notice of sale to the peraons and in the menner preaeribud by app�iceble lew. Truatee,or ehe atta�ney for tho Trustee,without demand on Savower, i
<br /> ehell setl the Property et pubtic euct�on to the lughest b�dder nt the time and ploca and undar tho terma deai8netod m the nodce of sale in orte or more F '`'��
<br /> • , parcels nnd in eu:h urdar ns Trustee may detarmina. Trustoo may poatpone aele of olI qr eny paraol of tho Propnr�y by puhlic announcemant at the :
<br /> � • time and ptecu of any previou�Iy scheduled sale. Lander or le�dei s deaignee may Aurchase tho prnperty et any�ele. �
<br /> � . - ' Upon►eceipt of payment of tho pr�ce bid,Truatoe ahdl doliver to tha purcheser e Truotee's Ooad. withuut warranty,conveying the Property edA. The :
<br /> teatels in the Troatee's Oeed ehell bo pnme facie ovidenee of tho ttuth of the atatemonts mado thorein. Trustee shxll supply the proeeads o4 tho ealo
<br /> in the fol�owing ordor: e1 to ell teasonabla coate ond oxpenaes of the selo,includinp,dut not limitnd to,7rustee'�foea of not more than Fiva 5lundred
<br /> `�',"� end No/10�(3500.00)plus 112 of 1%of the emount secured fiaroby ond rema�nin�unpaid,and<.osta of GUe ov�dence;b)to all suma secured by ihis
<br /> ` � Truat Deed;and c)the oxceas,if en}, to the pereon or persana lepally onnUad thereta. -
<br /> � 15. Any forebeerance by LendoP in exarciaing any rlght or remody hareundor, or othorw�se nff��rdod by epp�iceble�ew,ehall not be e waivef of or
<br /> � preclude the axorcise of eny auch�ght or remady in the event of aorttu�uinp ur futura braechos by the Boaower.
<br /> ' 1
<br /> 18. All remediea providod In thisTrust Oeed are distmct and cumulehve to ony uther npht or remedy�nderth�e Trust Deed or efforded bylow or�Q�ity,
<br /> end maybe exorcised conourrently,independanUy orsuccessively. �f Burrowar haa gi��en Lender e chettel mortgego,or aecuuty agreement on pa�AOna�
<br /> p�oporty ea edditionel security for the dobt secured hereby,m tho event of dofeult ha�oundor ut thoreunder, Lendor shall heve the right artd opfian to
<br /> Pret forocloea on said petaone{property without pre�udice to�ta npht ta theraeftar sell or lorer.lose the Propohy or to pursuo atl9neuriry at 3h�a2me
<br /> Ume or to pursue tha parsonal property eftor the sele�r foreclos�ro ot•.ho Pruperty.
<br /> 77. Upon peyrrtent ot aII sums secured by th�s i.uei De�d,Lencier eha:�rtlquu�t Tr�atoe to.aeonvoy tha P.operry ynd ahall aurrertder th�s Truet Oeed
<br /> and all nutea uviden�m0 irxlebtedness secured'oi th�s Trust Oesa�a T.uetee. 7rostoe shu9 reconvey tho Propo�ry w�rhou• wananry to the peraon or
<br /> potsons lagally entitlal thareio Such person or�oreone snuu poy ei�COLS4 4� �ewiuohon,if uny.
<br /> 18. Lender,et Londor's opUan,may trom t�mo to nmo remove Tr�atee and oppoint e auccesso►trustee to any Tr�stae appointed hereunder by en
<br /> insnument recorded in the Counry m wh�ch th�e'rua���eed�s rocoiJo4 �N�thout convayenGe of rno Property,th�v•ccossor rrustee shell succend to
<br /> J etl tiHe,powbt and dutioe ccnfortod upon the T�uatob here���enci Ly npD���obla fow.
<br /> { 18. Excopt fot eny nolices.demands,req�e:ts or othor commum;auons reqwrod vn:ior opphc able law to bo���en•�enother mannor,whanevor lohJer, -
<br /> � Bc�rcower or Trustee g�ves or serves any n�roce uncl.rd��(►. ri�thovt ;�rutaeon, nvb�o of dofault end �ouco of sa�el,demands, requeate or otfior
<br /> � cmrimunfcetion+nith rospoct to thia Trust Doed, eech su�h nnt�cc.demn�.mqu05t ur�th0^commu»�:olion 5hu'1 be tn wnt�np end shall Ee eHoct��0
<br /> ; only if tho 88mo is deflvered by parsonai so�v�ce or moiled Dy cr��f�od mmt,posta�o propa d, rolurn rec e�pt requested,nddressed to the eddross es sof
<br /> t { torth et tho beginnin•,of the Trust Oead. A co�V of eny�obce or dofeu't.eny notuo ot ao:o.requ�red or parm�ttod to bo given Mreurtde�,�hall De
<br /> i mo;ted to onch perso��who is o Derty hereto er tho addrass soT forth ot the bop�^Nng ol�h�s r•vy:Deed A��v aa�ry��ey ac eny eme chenge rts addre9e
<br /> for such noticos by celivering oi medfrg to the othe�pamoy hereto,os etorosa�d n nouc�of�.a�n cn��ae Any nouce hereundor shall be deomed to
<br /> � havo to bdon given to Borrower or londer. when gnen m the munnor dos�gnatod hore�n.
<br /> 20.Thocovenantaandoproemont�here�nconteinodsheul�nd u�jth0riphtth.••u���N�• sti���i����.��: tr.orx�po:ttV0h0��8.�9p�980ntOt1Y06,8UCCQ68018
<br /> ertd ossipns of the parties All covenan:s end egrocman;�01 tho Burro.+.r��6��tio;u•�'n�w1+:�•ve�a� Wt,o�evor�efnronce�s made tv tho empular
<br /> horounder.it sfwll in�lude t��o plured end�ho p�ura�shell�nclude tho si�gWe•
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