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<br />" � i. . ��3 '����r'''",`:; (b) paym��i of afl other sum�t�.s o,r dra�,tc9�her wrfth iau�rest the�+eon.advarace�,lb 9uotect the securltY of tlris Deed ofTre�st and : j, �r�a�,�~ y .i�,a�F,��
<br /> ��;k. �,r `�'' tlte palformarrce of tha covenan�.ana1 s�3reernams of Tius.*or.whetheror not set forth taareFri',' ' -
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<br /> � � � (c) Pe����•��ofarn�'ca�p,ra+TCe m�th everyterm,wvena�o biigation an d a g.r�$me n io f T r u s m r c o n t a i n a d h e r e t n o r c f�z;;;.',;`' `
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<br /> `� � :j:12 w �.�:-.' all of�s�ptd i"s fieretnafter coOecOvely called the"lndebtedrtess"..Trrisiorlrrevocab/y graMS arr'�I.t�nsfers to Tiustee,in trrtst.Nf17H POWER
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<br />_'�� `v,'� Lot Seaea (7);�:�effrey Oaks Su�di.visioa to the C1ty of Grand Is2and, �a11 County, �r� - -Y:'_ `��L'
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<br /> . ��:' ':� ::`;;y :. f0g@thel Wlth(�ell bllildipgS.'stiuciurss.ad�ror�,_'�.dargements.modificatlons,�ePairs,rep/ae�ri'r�arts,end Improvemenis now or hereafter . •�.:..a _ :
<br /> � � located thereon.p�a/1 e9ulpmem,machlnery atril fixFE4�es(nc►uding,without 1imRation.all ltgh�rig,h�aL�r;ver�Qletlng,�oling.atr , , :•`��:;• -
<br /> ' .• condltloning,sprin�ng and ptumbing Bxtures,wa�`&rai�d powar sysfems,engines,bnilers,ranges.oieitS:ri+s'f►washers.mtrrors and maatef� ',,. . ; . , ...` , ;
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<br /> ' ;.'•,��'r..: '�. G8f�8�[I�+fUmaces.oil bumers,et9vatas and motas,refilgeratlon p►ants oruniGS,communlcaSAO�syStems,d�►namvs,bansfo�mers,efecMcal •; ', ,._ .'.,'.:,_.,.,:�. 1 ,
<br /> r�.';%r�f, ,. �quip��r►anf,SUC�m and sCreen wirld�+vrs�atoors.awnTngs an d s h����J;ne•r�er here a f t er a ll a c h ed ta,or:bui{�il+..s�t y Duf!rlin c�.�►ri�n provemeni � c,��. ° �
<br /> ;:�.. raotei w AeTe�f13TlGC&>�9d theteon.Rd'aUeasements and d tits��.w�a9Dudenar�thereto,(rvp;a1!le�ahald.estat�ri�l,�,trt/B a+1d JntBrest 61 ,' �,.�;�"✓",k�' :�, !
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<br /> ..k `��':j,�•`��,, �`,,::":;_ Tnrsmrinandt�a7leases,wh�ther�rawor,hereafter.exisb�gorenteredinto(�idm�,witlrout�3iatita�f,allCashandseCeti�t}depCStts.-. • ,'�:S!'�';Lf,,:. 'f✓Y 1 �
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<br /> '` t. �. � 'i_: aWancs rentafs and�lepaSits or payments of e sirnll�r rxatu9e).peRa:�ing thereb.fv)afirent5,isstles.pta{tls ar�income therefrom ub s�` ;:• :s�1,, �
<br /> .�!: .�•,.�;�.:• t o t h a d g h f O f T i u s t o r t o c�l,'6 C t a r r d a P,�N strch rents,�ssues.Prohts snd income As Ltiey become due ar'�peyablesolong a&no eve�rta� ,• . ;, ,y,�,,� :
<br /> �I � ,:;1 r��;�`,. defauJt exlsts hereunderj.(vi)afl royaf0a�minerdl,oil and gas rights and profRs.wat8r,waier dgl�,and wata�stocl�(vii)all fenemenis. �" ,., ' .
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<br /> . ; ; ...;i:,r.:,:�; , . hered'itamenta,p�tvileges and appurtrinances be/onging,used orenjoyed in connecbon tlr�r�xrt�,;�rrd(vilq all proceeds of converston. ,,,�,`1.�...�. ;., :;,�,,
<br /> . .:.��,i�c:;r`,�;,� voluntary or involuntary.of any o}tlqp¢ara�oing/nto cash or liquidated c/afms pncluding,cs7tlnii�61r�u7atian,pmceeds of Insmance and -.„%Er��. •,. '; �
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<br /> ' ' � �� � '' cendemnatlon awards),atl o�w�r1c3��s n�erefr�a�te►ca'.'ectiverycalled the"Trust Prope '. ' ., . ����
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<br /> •'�'-��•. TD PROTECT TNE SECURITYOF 7'cFiJ�p�c"�L�¢�'RUS7,TRUSTOA C�VENANTS AND A(3RFES AS F�.ZLO WS: ""' �= '
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<br /> ' �• + t. Title.Trustor covenants,wana�tts a?�����sas vuath BEnafrc;ary,its successors and assigns,that Tivafarowns the Tirrst Piope�ty tree �
<br /> � ',�''�rj!''" `r`�`•��'�' from an da llen or encumb�fana���at this IIeed of Trust is and wip remain a valid and ento�ceab/e first lien on the Trust Properry. • .'•:;`�S��,:
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<br /> : _� _� ��� �� .�. t e�i a t T i u s t a r,a t i r s e ap e n s e,�i tf;p.����+n�i r c h b t J e and win maintaln thls Oeed of trust as a f�st and paiamount lien upon the Trost ,- .,. • ;
<br /> �. ��'''L""i�:'. ;.,`.`� C+a�petry and w111 tvrever warr�t"a?�a'ef�aa�1hs valid'rty�an�i pdariiy oi the lien dereof againsf ths clalms of all persc�s end parties •�,,' .
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<br />_' �: `,":�•�t , ••+'�if� ` r✓homsoeve�Tiusfo�,at its exper�s,ctnYf::�uss this Deed of'�rust,and each amendment w supplement hereto,to be filed and � .. :.,�l�.� ,.
<br />_:�,';` " " '`��-_'-��'; ' ` ��rj;<�� iecorded as a moRgage of the Tiusi pr�+a�i-rn+such manner and in such place and wilt take such�:�n as fn the op/n/on of 7rustea . �'�'
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<br /> ;.,,.„ may be required by any preserrf or luture iarv tr order ro pedect,malntaln and protect the l;en of th1s LFe7d of Trost,as the same may ' ..,t��4 ,<`
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<br /> • �� "�;;t�'���•. • be smended orsupp/emer�-o�m time to time.Trustor wi►!make sucA furthe�assu►ance or assurances to peAeci its titte to the Tiust ;; , � ,�rh�;'•"_
<br /> � " �'''���l:"..,': . Pioperty as may 6e requlred'l�p�Sene/iciary.Tiastor hereby�elinqu'shes a!1 dght of dower and homestead in and fo the Tiust PropeRy. , � • •�;�'�•.
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<br /> r .a.;r,��„�,,.;,�. 2. Payment of Indebfedness:TrusU2r shall punctuaify pay the principal of and inierest on the ladebtedness secured hereby.
<br /> ; � .•t•/S��ast�,�� .. . . I� ..,• .,;;;.'.� =•,�r,�
<br /> . � , .��,. 3 Cons�ucbonoflmpravements.7'rustorshaJlcompJeteingaodandwodonanfikemanneranybuildrngs,impmverrrentsarrepalrsre/abng �� .��;;;:L;;,�.��,t,j�.;.t; .
<br /> ' � �� �� thereto whlch may be begun on the Tiust Properry of contempJafed by tbe loan evidenced by the Nole secured he�eby,to pay when f• ., ,�;,Y�`.;�;:�;;�>a
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<br /> • ���,`�-;s' due all costs end liabll'rties incuired theretore,and not ro permit any consA�uction lian against such Trnst Property.M the evertt � ,.
<br /> ' '''��''� • ���:.',F; constructlon of buildlags,improvements ur iepatrs are co�templated.Tiusto�a/so agrees,anythtng rn this Desd ot Trust to the conUery ( '�'s'`J3�:'
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<br /> ';;�_ ,.�i..,;,��y, ,.� � ,..,- f�anvlfhstartding;(a)to promptfy commence any such wo�lc and to complete the propq,�d improvements promptly,,(b)to comptete the
<br /> „ � �,�. ( : �;,�� ,
<br /> i;"�:?ti �1;, ,, ,,��,�. �same in accordance with ti�r��plans end specifrcabons as approved by 8eneficlary,('ct Ih Camply with ail tha tarmg i�f a building loan �
<br />=;°'+r� ••,�•��. • �,��� ' lvemenl,if8n ,beiween T#i�tor artd Benefictary,the terms of whlch are incarpocafpo lrerein by reference&niJ'�rnide apaithereot, , .. .
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<br /> �,,.,; , -;;j,{��; ., (ii)tp ellow Ba�pficiary toinspect the Trvst Pioperty at8/1 times during r.p�structiorl,arld re)to replace any viaH"c'qr�ii,3terials : fl:,,.,,
<br /> �(�;: • ,: '��,,, .,.�;�;i • rtnsaffsfacto�!idl3aneticlarywithinJifleen.(;1:iJ�daysaltervirittennotic�;from��3aru�fiGaty;Olsuch/act. ; • � � ; �. i ,;•
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<br /> ,�`�°.'•i,�f s'u+,�;,.;; . 4. Fuads for Payrn�M of Cl��ar�s:.Spbject t�ti�7131icable Iavrr or to a wntt�n;wril/r��qy��3pnb►fr,lary,Tiusta§ha�t pa��rv Oeneflr,fary airtlte !,�;,,, ,t;i•:...�
<br /> �• `�� '�?t'�'`�'•� ' flrst da ol each momh,ofsrtcN°o;�er dai�o�ch month as ma be s ecfC ti s 6ent�+'li:la until the lndebteGne�.,i�paid in frrll,a sum f?�����'�' �•' • ';''•;<�J•�
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<br /> • ���?��;'� • (herelnafter caJled the"Fwads�:)�Gqua!tq r 12th of the yeaAy taxes anQ as�n�.:►r+e►sl:��wlrlr.lr may attain priority aver lltis Oeed of Trust �,,;�,..,,,�;�
<br /> - �I����� ' ��.-}•�- and ground rertts on the TruSt 1��vpePry,►f�gny;plas f;12Gh ol the yea�ly/Jr�ir+�urn rnsi�/inl:nts fvr ha�rd inswance,pius N12th of fhe ,��;•�;,,,�.��. �` . ,:�f+�;. ,
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<br /> . ::�; � yesrty premtum Installmonts fi�r mortg�gt��llt�ur�nce,Usny,a!f es reasan�l�ly esomated�nrtialJy and!'rdm time to time 6y Beneficiar�an ''�'j'i�s;.. ,, `;�;;:;:�;,,,.
<br /> � ` ,���` the bas�s of assessments ar�d'6�Us an�d're�,5nhabfe estimates thereot.TNe Funds shal�be hefd in an ittslitution,the deposits or !�',�'�.;.•;,�:,:;-';'i ti,j:�:,,.;
<br /> ' j� `�': � eccounts of whlch are insur�ct'qr�gu�rant�e�i'by a federai or state agency iacluding Ban�ficiary.Benefrcisry shaq epply the Funds in I;�.j;;;.f;,:",;; ; ;`!°'�.;"::`!� '
<br /> �,fl ;;��,�;: f:; . �
<br /> ; ;,, 3.,� pay sald taxes,assessments,irrsurartce premiums anG g�vund rents.9eneficJary shalknpt be requi�ed to pay Trusteranylnte�est or �.�;,�:.a;��•
<br /> ,.r., :rt�°ry:;.-
<br /> �� ', ;,��,.�;{�q.,�; Qamings on the Funds.Benelicfary shafl g'cve fo Trusto�,without charge,an annual accaun ping of the Funds showing credifs arid 4�:�+,'i�;�"'; •
<br /> � • debfts to the Funds and the purpose for�vhich each debit ro the Funds was mada. The Funds are p/edged as additional securiry�or �;:;:,�,�:ti�• .
<br /> ` :ti.�` N �.•.,, . ;,
<br /> ;,. • ' ' the Indebtedness secu�d ey this Deed of Trust.!t theamount ot the Funds hetd by Beneficiary,togethe►with the futme month !`�,�,,'"
<br /> � ' instal/menis of Fands payabfe prior ro the due afates of taxes,assessments insurar+ae premiums and g�ound rents,shall exceed tt�e •'�'`
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<br /> •,:s• ,r1t�,,,�.�.�;;�,'. �.,•.j� amount required to pay sald ta�res,assessments.lnswance premiums and gronnd ronts as they fa!!due,such excess shall ba,at '�`,,;',,, ,
<br /> , `��S� ?,f,;��ti�.� ••; 7►ustor's opDOn,eithei prompUy r�apatd to Titlstoi'or credited to Trustor against luture mmnthJy Jnstallments of Funds.lf the amount ol
<br /> �►i �+;`:<;�'� :':•';. . the Funds hetd by BeneficiatK sha0 not 6e sulfiaient to pay taxes,assessments,insurance premlums and ground�ents es they fal!due, ;��'"'�
<br /> i �i�,, `' •' � '' Tiustoi shal!pay fo Bene6ciary any smount necessary ta make up the derctency v�ithin thJrty days l�om the date noUce is mailed by �;��'� . ,.
<br /> � � . Bert&ficiary fo Trustor requesting payment the�eof.Upon payment in tu110l a/l Indebtedness,BerteGclary shall p�omptly retund to � . ..;;s ,"
<br /> � � 'i-� ', 7ru4tar any Funds hetd by Benefrciary.It the lrust P�ope�ty is sold under the power ol sa/e o�the Trusf P�opefly is otherwise acquired
<br /> - ..4�:._��::... 1.:::.�:::.::,...
<br /> � ��' "�`''` Dy Bene�iclary,Bertefrciary shall spply,immediatefy►Srint to t►►e sat9 of the Trust Property or ifs acquisi6orr 6y 8eneficiary,eny Fu�rds r.�. :•• , - ��
<br /> ; � • � ' held by Beneficiary at the Gma o!appiication as a sredti itgainst the lndebtedness.!1 Beneficrary executes a wrinen welve�o!Tiustor's •
<br /> � 's oDliga6ans under thls A�e9�Ph 4,Tiusror covenants and agrees to pay,befoie Ure same become delinquent,all taxes,assessmerrts.
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