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<br /> to b�tow,and�w�pt u olM�wis�pt�vlD�d In this Ds�d M Trua#. �j�'—�°—°`'�='-'
<br /> . iU�t To Contut. Truata rt�y withhot0 paym�rtl a.f�ny tax,Esaasss�nL o�r dsNrn In conrnoUon with n pood hltti dlaputs over the al�Ilgetfon ���
<br /> � ' to psy,aa loap a�Laader'a IntKest In the Pco�aty ht rtat 1Qope�a�!Te�_ ►t�tl�n ts�s a f�Aled ta A ro�Wf of aor�ps�ment,Trustor eh�A wHh►n �v:r���,::..
<br /> fiAaen(16)diys after tA91t�n artsls or.if a tian t�IU¢d,wtt�'�n I!P.�an{16)�4��t+►Tionta M3 notioo of the fiHnp,6e0ure th�dPaohuge o!the �� �}`q
<br /> (Ien.a It aquest�d by landar�d�paslt wlih L,ond�cr cash M a Eu�Gt¢N. a sunty bond a otpa Nauriy 9ati�tctory to Lend�r tn an �4�o��^�r��:
<br /> amoent sufAc�ent to disch�rp�th�It�n O�ud any coskt and aP�on�ya'k�es�aMrpa that coNd aoo�w aa a rault ot�tor�dosure or�W -l�r„�__—
<br /> , undor Ihe I!en. In anY aontast,Tnast�r el9ta►I det�nd ICc��an�l�end�tnA.etr�t�tisty anY adve�se lud9ment 6efote enfom9m0�t apat�t tt� , . ,
<br /> P(ORedy. Tn�stor ehap ntme LertCer as an addltlartal oLttgBS ws4U9i trsy et�ZtY b�r,stt tumish6C in ihe aonidst ptCOesdinya. �...:�°.F=
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<br /> • ' . Evid�+�oo o!Pa�n�f� Truntor shallupan demartd A+mf�UA L+croda*etVt�tu�to�y evldanes ot paymant o!the t�zes or a4sessmenb and sh�f} ^�"���.ti
<br /> authalre tAe+iAProPAato po�rensmertMl at�lctai to detiver t�l�entter�t QoY Urt�a wAtton effitement of the tuces and ea�ur'rsmor�ts aQalnst the .�,.
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<br /> �' NO1N;0 0!COnafiiCtlCn.Tru�tor shali notlty lsn�er at I�f fll�,n(1G,)4Ay�t�i,�r�any work Is commonopd,any serNOes a►e tumishod�or ur►Y
<br /> � mttalds are eupp118d to the Propertyr,If a�►mgche�nic'a tlen, ma�neno a�tr�or other Ilen coutd be assated on ecflount af tho wak,
<br /> • seMoes,or mtterlals. Tni3ta wtli u�on r�equost af 4ende►turN�lv tp l,endPr ed+tau�o assuranoes satlst¢ctory to Lensl�ror tfuxt Tn�stor can nnd w�i
<br /> .. . pty ihe cost of sucA Impro�emerMs.
<br /> PROPERTY DAMAtiE INStiiANt�. The tolbwing provfatons r�IaUrte t41rys�f�o Prope�rly aro a part of thl3 Desd of Trust
<br /> t�rlterlbnoe of inSUtenCe. TrWtta sha11 praCUre artd malNNn�ollCk�.3 4i Hiq lnsurarroe wHh standard extended covaraBe endasomonts on a .
<br /> repiaoemant basls for the tull Insurqkle vptua cpvgdrtA nU Irnpro�me�at�on ti�p Rmat Property in en amaunt auftbfent tp avoid applicaflon ai ar►y
<br /> cpinguareoe dnuse,and with a sd�nderd moA�g.qee dnuep!n tr��rpr�1 i¢ntJ�r,tagether with suoh other insuranoe.lnCludinp but not Itmited to
<br /> ;,' haaard,Ilab(tily.business tntertupUan,ertd Ea�ier In�tui�rt,r,e,ag Len�rt4�Y r¢,asonabry requlre. Pdides shell be w�ilten in form.artwunts. ,._
<br /> ,��:� coverepes and basis masonably axep0�bt�ta lsnder end fastsed by�car�(�nY a companies reasonably eooeptable to Lender.Trustor�upon ••
<br /> �u rept�est of Lender,vrGt dethrer to Lender frpm tlma tp tlme th4 pd�ka or�ot insurance in to�m sa�tsatory to Lender,Inciudinp
<br /> "•;;. stlpWatlons that cpvFrtt�es w01 rtqt be cartr,ell�d a d(mirthihed v�BiWL�1 at tASSt ten(t0)days prior wdtten notbe to Lender. ShoWd the Reat •. : ;,.�,-•
<br /> ProAerh�8t any tlrt�becoma locabad in an et¢a des�p�d by ti�p 05redor of the federal Emergettay ManaeemeM Agenoy as a epecifll flood °, .� .:.1.:•,ti,•,
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<br /> harerd area�Tn�stor a8rees to obla�n and matrtGUn Fedwal R�od Isquranee to ihe exter�t sueh insuranoe Is required by lender and ts or 'jr•....:�.,�:,:;; ,
<br /> ��ti.�....��.;,
<br /> bac0mes available,tar the tem►of�.`►�Ican and fo�thp$�{un id rY�d balance ot ihe Ioan,or the ma�dmum tlmR ot eove e thet!s �'����,� �:��:r•
<br /> `�'�" avapa6ie.whkhever is tsss. � P D� � i,.. ..
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<br /> Ap�eficeUOn o}�rc�eds. Trustw sheA promptly notity Lender ot am loss or damage to tha Property R the esNmst9d cost of repair or ��� ,���'"
<br /> . �eplacemeM e�a�eds 51,000.00. I.ende�may make proot oi Iass H Truata taiis to do so wlthin flfteen(16)days of thA casuatry. Wheth�or rtot ' '`�':
<br /> ; � Lender's secudty is Impalred,Lender may,at fls eleatlon,reoelve and retein the proceeds ot any insuranoe artd apPly the P��to the .�. ';:':>>,:::•.'•'�"
<br /> �sduc�on of the Indebtedness,Payment of any Ilen affectlng the Prope�ly,ar the restoradon and repalr ot tAe Propariy. If Lender etecffi to apPty A, '..�''�,
<br /> the proceeds b rqto�atbn and repalr,Trustor shall repair or replace ihe d3maged or destroyed Improvemsrds in a ma�ner SeHSteCtOry to . .�.�
<br /> , ' lender. Lender shail,upon eatlsfactory proof of suoh e�endihire,pay a relmbursa Trustor irom the proceeds tor!he�easorwbie cost of repetr
<br /> or resforatlon M Trustor is not In default under this Dped ot Tnist. Arry prooeeds wAbh hava not been d(sbursed within 180 days atter thetr " _
<br /> recetpt and whfah Lender hes not camm�ted to th�rapak or restaraUon ot the Property shatl ba used flrst to p8y eny amouM owirp to Lender ��
<br /> unde►this Oessi of Tn+st,then to pay axrued interest,and thQ ramalnder,if srry,shati be appiled to thfl prindpai bal�nce ot the Indebtedness.
<br /> if i.ender irpds arry prooaetls afiler payment in fiuii of fhe indebt9dness,such prooeacis simB ba pai3 iv�ruatvr ns Tnrsi6r 6 ii�iervsb miy ° -
<br /> ePFea�•
<br /> � Une�ired Inauranee at Sete. Any unexpired insuranoe ahaq Inure t�Ihs beneflt ot,and pass to,the purohaser o!the Properly c�vered by thia _
<br /> Deed of Trust at any trustee's sete a other saie held under the provislom ot thls Deed ot Trust,or at any Mrectosure eat�of such Prop�ty. _
<br /> ContplleRCe with Ddatlnp Indebtedrteas. Oudnp the pertod In wh1Ch eny F�dstlnp trtdebtedneas desalbed boiow b In effecf,co�pllanos wilh �
<br /> the Insurenae provislons aoMafned In the Instrument evldendnp such E�dstlnp indobtedness shali conadtute eompilanoe with ths Insurance ..
<br /> provfsions under thla Deed of Trust,to th9 extent compllanOB with tlq terms of!hh Oeed ot Trust wo�d conaUtufe a dupilcttlon of inaurance =
<br /> : requirement If eny prooeeds from the Insuranco become payabie on bss,the provfslons in this Deed of Trust for divislon Ot praC3ads dheli
<br /> apply onry to that poAlon ot the proceeds not payabie to the hoider ot the Ex1sUnQ Indebtedness. '-
<br /> Ttustor's RepOrt on Ineuraneo. Upon request of Lender.however not more lhun ortca a year,Trusto►Shail furnish to Lender a repart oa e�ah •
<br /> e�dstlnp policy of insuranoe showing: (a)the name oi the Insurer, (b) tho rtska insured; (o)the amouM of the pollay; (d)the propeAy insured, `
<br /> the then current repteoement vaiue ot such property,and the manrsr,r ot detemuNng thet vatue;and (e)the expir�tlon det9 of th0 poilay. �
<br /> Trusta shaN,upon request of Lender,have an independent appralse�saUstacfozy to l.ondsr determine th9 Cesh value replROement cost of the
<br /> Propedy. _
<br /> EXPENDITUREB BY LENDER. If Trustor falls to comply with any provislon ot thls Oeed of Trust,fncluding any obligadon to maintein Fxistlng
<br /> Indebtedness in good sfandlnp as requlred beiow,or M any actfan a prasedirtg Is commenced that would matedatly aftect lenders interests in ing �,
<br /> Propedy. Lender on Trustor's behelf may,but shali not be required to,take eny ection that Lender deems appropriate. My amour�t that Lender
<br /> e�ends in so doing wiU bear interest at the rate charged under the Note trom the date incurred or paid by Lender to the date of repayment by
<br /> Trustar. AY such expenses,at Lender's opHOn,wlil (a)be payabte on demand, (b)be added to the batartce of the Note and be appadoned among
<br /> and be peyebte wilh any instaMmeM paymenls to become due durirre efther p)the term of any appilcable insurance poltcy or rn)the remelntrg term
<br /> of the Note,or (c)be treated as a batloon payment whbh wili be due and payabte at the Note's maturily. This Desd of Trust elso wtli secure
<br /> payment of these amouMs. The dghts provided tor In this paragraph shel be In addidon to any other�tghts or any remedies to whkh Lender may be
<br /> emitled on axouM of the deiault. Any such actlon by lender shall not be construed as curing the default so es to bar tender from any remedy that
<br /> R otherwfse woutd have had.
<br /> WARRANTY;DEFEMSE OF TITLE. The fdiowing provisfons releHrq to ownership of tha Property are a part of thfs Oeed ot Tnist.
<br /> 71tte. Tn�stu wartanis that: (a)Trustor holds good and market8ble tiGe of reCOrd to the Property In tee Slmpte,free and dear of eil Ilens and
<br /> encumbr8nt�s other than those set foAh in the Reat Propehy desalption or in the Exlstlng Indebtedness section below or in any Utle Insurance I
<br /> pdtcy,tide repoR,or flnel tiUe oplNOn issued In fava of,end acoepted by,Lender in conneCUOn w8h ihis Deed of Trust,and (b)Trustor hes the
<br /> tul right,power,and authoriry to execule and deliver this Deed of 7rust to Lender. I
<br /> OetenBe ot Title. Subject to the excepUon In the puragraph above,Trustor warcanfs and will tor�ver delend the Utte to the Property ageinst the
<br /> tawfui ctaims of ali persons. In the event any achon or proceediag Is commenced that quesHons Trustots titie or the interest of Trustee or
<br /> Lender under this Deed of Trust,Trustor shail dofend the acdon at Trustars expense. Trustor may be the nominai party in such proceeding,bui �
<br /> . Lender shell be entltled to particlpate in trte proceeding and to be represented In the proceeding by counsei of Lender's own choloe,and
<br /> Trusta will delNer,or ceuse to tre deiiverod,fo Lendor such fnstruments as Lender may request from tlme to tlme to permlt Such pBrUdpatlon.
<br /> COmp11MCe With LawB. Trustor warranls that the Property and Trustor's use of the Property compiies with atl exisling appliCabte 1aws.
<br /> ordin8nC85,and reguiadons of governmental authoride5.
<br /> EXISTIN�i INOEBTEDHEBS. The tollowing provisions cor�ning e�as�ng Indebtedness(the'Fadsdng Indebtedness'�are a pert of thls Deed ot
<br /> Trust.
<br /> Exis�np Lten. Tha Iien of thls Deed of Trust securing the Indebtedness may bo seCOndary and inferfor to an exisdng Iien. Trustor expressry
<br /> covenanis and agroes to pay,or see to the paymenf ot,the ErJStlng indebtedness and to prevent any detauit on such indebtedness,any de(ault
<br /> .�.��.11.�I.uL.. w�..w.J�w..J.. w�.3w.1.J.�w.1w ..1..f...J�.wAw .:1...1� ..M M. .w�.Iw.�w/Nw.�www�
<br /> rww��A�rww��.�.V..w�.�vas�.V.��y.'i�v.....�w.v�.���r v.u�j w.u�..r.�w��::�wvr.n�vw���wr��w�v�uwrr��•vww���vw.
<br /> DofauR. if the payment ot any instaiiment of princfpal a any interest on ihe Existing Indebtedness is not made wlthin the 6me required by the
<br /> mte evidencing such indebtedness,a should a default axur u�der the inshument securing such indebtedness and not be cured during any
<br /> � eppUcable graCe perfod lherein,then,af the option ot Lender,the Indebtedness secured by this Oeed ot Trust sh81i become Immediafely due
<br /> , and payable,and this Dead d Trust shaN 6e In delauit.
<br /> I Ho MOdiftCdtion. 7rustor shell not enler into any agreement with Ihe hdder of any morlgage,deed of trust,or other seCUrity agreement which
<br /> ' hes pbrity over this Oeed of Trust by which that agreement Is maOMied,amended,extended,or ren6wed without the prlor w�itten consent of
<br /> lender. 7rustor shali neNher request�or aCCept any future advanCes under eny suCh seCUdty agreement witnout the prior writlen ca�sent of
<br /> Lender.
<br /> CONDEMNATION. The following provlsions relaflng to condemnanon proceetlings are e pert of thts Doed of Trust.
<br /> AppllCEtton Of tiet ProCeBde. If ail or any paA of the Roperty is Condemned by eminent domaln proceedings or by 8ny proCeeding or
<br /> . purchese fn Iiau of condemnatlon,Lender may at Its eiection requlre that ati a any portion of the net proceeds of the award be appiled to the
<br /> � Indebledness or the repair or restoradon of the Property. The net prOCeeds of the award ShaA mean the awflrd after payment of all reasonabie
<br /> � costs,8xpenSBS,and attomeys'tees incurced by Trustee or lender In cOnn@Cflon Nrith the condemn8tion. , 4
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