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<br /> Appfkatio�t Of ProcNQo. Trus'.a shali Pram(.'�itY noUty Landw dJ eny l6ss or damA4s to!ha Prop�y. I.�end�s nu�y m=ka D�ool of lose N Tre►et�► L
<br />� t�Na to da so w11Mn IkiMn(18)d{ye of th�cau�Y. Wh�lMr or n�i L�nd�s s�cu�ifY M�mp�k�d�L�ndK m�y�pl fh N�cJan�r�+Nvs a:�d rN�k� -
<br /> . Uw rocaods a}any Insur���nnd ap�fy lh�i Pracao9�to ths reductlon o1 ttro Indablsdn�ss,RWr►�nt of Rny Nw�afi�ttinp tM PtoD�tY�rx 1� " �; .
<br /> .-• --_,..
<br /> nsta�UOn and np�lr al tlse F'rop�riY• li 6a��r s;:t::!0 6�p?�I th7 pitS:^_d�f�resta�tlon Knd ropQir�'iYusta s4u�11 rsp�Ir a ra� oe ths . -- _ _
<br /> „ d�rt�p�d a dalroyed Imprown�nts in�mann�►t�li�ia�tory 1�Landa. Lqnd�tMM�uPon qtlslaciory p�arl of auch u�p��u���P�'r� _•,�:---=- .
<br /> rNmbureN Truata hom Ih�procKds Pa Ih�rwawbk ccnl ofrop�fr or ra!a�tion H Trusta K nol In eM1auM und�'thk O�i a Tnxi. My ry,_i;.T
<br /> proc»�!s wh{ch haw not been dlsburs�d wllhin 180 days��tw�f���celP�K��d wlwch L�ndar has nol commil4od!0 41w trp�M a rostorRlfor►ol H .M--
<br /> Ihs I�op�ty eh�N b�tn�d rtnt to p�y any�mouM ovNr►p to Ltnd�r undor thFs G�cf M 7�ust.tt�n to pay�ccrwd Intsnsl,an0 tM r�k��M �_-^;,��-__
<br /> iny,ehatl be�pPllecl to ths princ1p�t baRno�01 the lndsbtednss�. II L�nd�r hdds�ny procMd�aMr paym�nl ln tuil d th�Indobl�drwM,sucp �—�--Y._
<br /> ' prowads ahall b�p41d tu T�ustor as Trintor'e�ntersab may�ppe4►• 'm``'b""`"'R°- -
<br /> Ir�urance ahaM Inuro t�th�b�nefA of�and paa�to.ttN purthasar ol thw Pro�rly cownd by tMS ��:----.—
<br /> � tk-��rcd la:uratt�e!Eele. Any un�►k�d �-'- _
<br /> �-=---- __
<br /> Dood o9 Trusi at rny trusNo'�sW a MMr ql�held�nd�t Itw prov(sio�of tP�M D«d of Trusl,or si 4ny fact:l�ltte�.�b o!euch R • ___ Y -----_
<br /> ., Trustor'a R�rt on Inwr�.tlpon�uast of Lencfor,howovor not ma�Ihtn onca�y�e�r�Trustor shaM tumish!o��ndK a n{�oe1 on eodt =
<br /> e�dsrynp policyr o1 Insu��nnce ehawlny: (a)lhe�ams ol lhe Insurer; (b)Ih�dslcs insund; (c)Ih�emount of tM poNCY: (d)�h�ProD�Y��� __----_----
<br /> ., lhe lhen curtent replaament v1Jw o1 euch property,and ths mtnnv d doUrmininp ihat vtlus;tnd (s)tM e�YaUon daU ol�pa f� __ -
<br /> Trusta shaN,upon raqtkst ot lender.hav�an Indepandent q�Pra!sar satfslaciory tu Lander dotennlne It�cash wttN t�Ilearr�erft `__
<br /> PtOpKty.
<br /> �� p(pENDITURES BY LEMDER. 11 Trustor taNS lo compiy with nny provlslon ot thfs Desd W Tnist,a If�ny actlon ot proc�linD IS c�r�d�� �,��:-
<br /> woutd malerlaGy�tP�ac4 Lsnd:+'a irstar��a!n Lhe Prc+�eAy�Lender on Trustore behatl may�bul ahaN�sM Ca requind to.Oak�anY�ctlo+►th�l L.�ndK ��-
<br /> _____=---- --
<br /> deems eQpropriata. Any amount ihat Lender exDends In so ddnp wfll bear Interesl et lfle rate Charpea unotw ti�Pfa�tra�t�:�io��� - s___
<br /> b y Le�der to tlw date of«�aymen!by Trusta. IUI:ueh rocpenses,at Lenders optlon,wNl (e)be paya6le on demtnd, (b��m a,��� ��•-��
<br /> 0 1 t h e No t e a n d b e fl p p ortioned amon g and be payable ,+(th any� atnAment �ayi�ents to'•ecome due durin0 efllNr (11 __
<br /> Insurar�v policy or (I�)Iho remalniny term of tAe Note,or (o)be treatod as a bnlloon payme�.w h�h w i l l b e d u e a n d p 9 y a bk at�ha tJa�aa mattxlll►• �q���;:;-,? -
<br /> This peed o}Tnut atso�viM secure paymeM of Ihese amnunts. The rlphts provldsd la in this para9reph sha�l be fn add6on to an oth��ighb or arry ��
<br /> romedles 10 whtch Le�der maY be ontitled on aCC�unt pf ihe defauil. Any such act?on by Lender sheN not h�consVued as cu►In9 t������� -___
<br /> � bar Lendir hom any�amedy ihat It olhervvise woutd hava had. �*; =-
<br /> � WARRAHTYi DEFF.�13F_OF TITI.E.TTo fdlowinp provislons retating to ownersh(p o1 ttie Prop e►t Y are t paA M this Wad of Trust. _
<br /> �..
<br /> TItFa. Trustor warrants lhat: (e)Trusta hdets 0�and ma►icetable tlBe of record to the Propa�ty�n tee�lmpw,ke�and daar d aN N�res�nd �',s
<br /> .,' arvor ofrand accepted bYt nder In�conneCtion�w th thfs D�d of�T►ust and (b)Trusta hes it►ep uM�iig�h puwet,�and tuthority t�ot�CUN end �,�j�
<br /> � delivev thls Oeed ot Trust to Lsnder. ,.____
<br /> -- - == _-_:__ �.�.�_�Tlan. g��n�,ct to lhe exceation in fhe P�eSraPh sbove,Trustor warranis and wlll forever dafend lh��la lo Iha Prop�Ay�pYlnst Ih� ���,.�.
<br /> . Iaw1W Naims ot ali persons. In the �avenl any Qction or proceeamy i�commena,u t��i .��o.,..�"Ttu=='---- ^'tho Inlerast nf Trusta or ������=
<br /> Lender urtder lhls Oeed ot Trust,Trusta shaN do:end lhe acilon at Trustofs oxpense. Trusta may be the nomlrwl paRy In euCh proo�fin0�bul ;� ,�;'�
<br /> � Lender shall be enlitted to padicipate In Ihe proeeediny end to be representod In the proceodinp by counsd of Lenctara own choto����d �,� 1 �.. .
<br /> Trustor will deliver,a ceuse to be deliver9d,to Lender such Inshumanls as Lender may request 9rom time to tlm9 t0 p9rmH 6uCh peetldpatlon• .;r;
<br /> ,,�r�d
<br /> ' ' . . Compilance With l.�rs. Trustor waRants thtt the PropoAy and Trustor'8 use uf Ihe �operly Complies wilh a1 existlnp ���� :`.. ,,.• .
<br /> otdinances,ant3 reputa8ons o}govommental oulhoritlee. �
<br /> • • COHDEMNATION. The tollowinp provfslons relaUnO�o condemnallon procoedinps aro e parl of tAls Deed of TrusL .� '
<br /> ' . pu c�hasa In Ileu o}condem etlon}Lender myay at 8sf electlone qu e that all a anY Porlio of the net�prpoceeds ol t�.wud aep.vaWd 1ot� " '
<br /> Indeb!odness or�M roPak or restoratlan of the Proparty. The�e►Proceeds of the award shan mean tho award nttet p�yrtient d aM reasawbb �,»,�=•�'''
<br /> � .
<br /> � costs,e�enses�and attomeys'fees�ncurted bY Trustse or Lender In connectlon wllh the condemnation. �, ,
<br /> Proceadlnp�. If nny proceedlnp In condemneUon Is filad,Trustor shall prompUy notlty Lender in wriilnp,and Trustor 6heN pra�nptly ttk�such ,:��'
<br /> steps as msy be necessa►Y ta defend the�ction and obtain the award. Truslor may be the nominel party in cuch procaedinp.but Lsn6a shaM
<br /> be enflited to parNclpata in tFw proeoedinp and to be represonted In ttw proceedinp by counsel of Ib own chok���and Trustar wkl dWiv'�►or � ,�:��_
<br /> ' � cause to be deltvered to Lender such instruments as may be toquested by fl from Hme to time lo pe�ml!such partiCipaUon. � �'�J%�.-
<br />-. - . ,... i
<br /> II�P091TION OF T11XES�FEfS AND CHARfiES BY GOVERkMENTAL AUTHORITIES. The following provisions relal!rq to povemmontal texes, -i
<br /> • � �y�� �
<br /> tees and charQes ara a part o4lhis Daed of Trust: :
<br /> Current Ttxes.Fees�nd ChKpes. Upon requ�t by Lender,Trusta shall execute such dxuments In a Trusta shsN rel�mbwseTL�ndsr for tl1 � `�""
<br /> • w tever other actlon Is requested by Lender 10 per(oct and conHnuo Lendsr'S Ilen on Ihe Real ProPe�r►Y•this Daed ol Trust, Indudirp vr�lhout " •� ��
<br /> hit
<br /> texes,as doscribed batow, topother v�ilh all e�enses Incurred In recordlnp, perfec►Ing or conlinu ng
<br />- � Iimifatlon all texes,baes,documantnry 8ffimps,and other charpes Iw recording or reglsterinp thls Deod oi Trust. . r�
<br /> Taxes. The toNowinp shall conslituto taxes to wh�h this seClion applfes: (a)a npeciflo tex upon thls t/pe of Deod of Yrust or upon all or aflY I ;� _
<br />��,,� part of the Indebtedness secured by this Deed of Trust; (b)a speci8c tax on Trusta whlch Trostor Is authorized or►eGulred to deduct hom ,,� r(, s
<br /> payments on the Indebtadnoss secured by this type of Oeed oi Trust; (c)a lax on thls typo o!Deed ot Trust chargeebb apainst the Lender cr
<br /> i
<br />- •• the hoider oi the Note;and (d)a spedHc iax on all or any portion of the Indebtednsss or on payments Qt principal and int0re51 rtsado mY I ^
<br />�� Trustor. ' .
<br />- Subaequent Taxes. If any fnx 10 whiCh this 58ctton applles Is enected subsequent to the dnte of ihis Dcted of Tnrst,this Avant shaU have the
<br /> • same eHoct as an Event of Defautt (es de8�od below),and Lender may oxercise any or an of ils avallubto romedfes lor en Event of Oeteult as .
<br /> � `' � pro�ded bolow unless Trusta ellher (a)pays Ihe tnx betore it bacortws delinqusnt,or (b�runtests the tex es provldod above In the Taxes and
<br /> ' Uens secilon nnd deposlts wflh Lender cash a a sufficlent corporale surety bond or othor securlty satlslactory to Lender. �
<br />- - �. SECIIRITY A(iREEMEHT;FINANCINti STATE9�AENTS. Tho tollowlnp provislons retalin8lo thls Dead o}Trust a3 a securily egreeme�t a+e a Par1 of • i
<br /> , 9hls Deed Ot Trust.
<br /> Secuhry Aproement. Thls Inshument Ehali con5lllute a security nOreement to the extent any of tho Property consiilutas fodures or other
<br /> . perspng{properly,and Lender sha�l have ell of the rights of a securod parry undcr tha Unifosm Commerclal Code as amended hom Ume to
<br /> lime.
<br /> - . Security Interest. Upan requost by Lendar,7rustar cha�i oueCUte financinp statemonts en add tlo hto recardlnp thls�Deed ofuTnist nythe renl �
<br /> to perfect end contlnue Lender'a securlty�nterest In the R�nts snd Personal Property.
<br /> ,- .
<br />= I prpperty records,Lender may,at any Ume and without turlAer authori:atlon from Trusior.file executed co�ntorpaAs,coples or roproductions of
<br /> v _ � � this Ot�d of Tnwt es nTnancln0�s�ato�me�n��sl��e�mb��iLBa���end at a ptaoo reasonabry Con�enlenl lo Trust�orta d Len� '
<br /> _
<br /> _ � ,���. �,,,.._�. ....V.� ______...-- - =�
<br /> and mako H nvatiable to Lender withln thrae(3)duys atior�ooeipt of wrilten domand from�onoor.
<br />� grant�by tM Doedeol Trusldmey ti oblNned(e chtes�requlrod by thoUnllo m Com erclal C de),�are es statod on henfirst page of 4tda Qoed �
<br /> � ol Trust.
<br /> � pURTFiF�i ASSURRNCES; ATTORH�Sf-IH-FACT. Tho follawing provislor�s relatinti to fuAhor assurencos and nttornay--In-fact are u parl of thls
<br /> � Onad of Trost.
<br /> '� Furthet ANwrancea. A1 any time,and trom Ume to Ume,upon ruquost ot Lender.Truslor wm muko,exucute und de;�ver.a witl cause to be
<br /> � ' mgde,pxg�utgd ar d011vered, to Lende� a lo Lender's dosignoo,and wha�requestod by Lendur,cause to be filed, rocaded,refiled,or
<br /> " rer�cprded,a3(ha case may be,at suCh Umas and In euch offlars and ptacos es lendcx may dsom upWroprlats,ony nnd ell StaCh mortgages,
<br /> e doeds of Uust,sacudly deod9,secudry a,�reemanis��nanci�g slatamants,contlnuatlon stutomants,instrumants of tudha sssurance,certificates�
<br /> and otRor documenb a9 may.In the sole opinton of Londer,be nocossnry or dosirnbto Ir ordsr to oMoctunte,comple!�,pc�tecl.contlnue,or
<br /> � ' praservs (a)(M ohlfpslions of Trustor under Ihe Note,this Uaed of Trust,and Ihe Rdated Dauments,nnd (b)Ihe liens and security Interesi3 �
<br /> created by IhM�Deed ot Trust as 8�1 and p�ia llens on the Propetty,whether now owned a hereaHar acquired by TNSta. Unias3 prohibitod by
<br /> �u,,y pr�proed lo the conhary by Lender In writing,Trustor shall rolmburse Lender la all Casts and exponsos Incurred In connecUon wilh the
<br /> , . ' m�UCB�otGrred tp In thls pareflrtiph. .
<br /> Altomey-lro-Fac1• If Trusta inl!3 to do eny o}fhv lhings rotarred to In Ihe procadinp pnmgmph,londor may do so for and In lhe namo of
<br /> •q� ,
<br /> .. _exaer
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