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<br /> . 11�9�+a19flg DE@D �F TRt1ST `��c�.� 1.��i��� Pege 3 .. � . � �,�„�.
<br /> Loan Na 2E6 (Cor�ti�uad) •. a�;:-
<br /> , �.—:-�.—:---___:::.-_.—�---=_----��- -.—---_�_^..—::-:_-_--_—.-:.���_-�--_.— ...-------_.__.— �
<br /> EYId���e u9 Ri�1���snt. Y�u:,lor ahall upon d�mand fum:�fi lo Lend�r catl�factory ovld�nc�oi p�ym�ill 0}Ih�I1ttG7 Or�:LC;3rn�nt�and�li�tl � �
<br /> aulhorix�Ihe appropdato�ovarnmentnl otllclal lo dc:ivar lo Londct nt nny limo e wriH�n etatomonl al lho Ituco9 ond as�essmunb aqalnst Iho ,�x-��=
<br /> Prop9►ty. �
<br /> • Nolic�of COn�trucliorf.Truslor tliu!I no11ry Lender et ieast rtiteon(16)deya b�4ora any work Ig commonced,any sorvice�ar�Iwnt3h9d,or any
<br /> m�t�rinle u�euppINd lo iht Proporty,U any mechanb'e Iion, matedttmen's Ilen, or other Ilon could be as:artnd on nccouM ol Iha work, ct �+ _�_
<br /> v�rNc�,oe mtt�h. Truetor wIH upon roquest o1 L�ndor furnlah to Lend�r�dvancs as�urenGe�eattsttclory to I.ender Ihet Truetor can tnd wlll .
<br /> poy the cost of s�kh ImprovemaMa. �,r�"',,
<br /> � PitOPERYY DAIYIALiE IN8URAMCE. Tho fdlawirp proNstons reialinp lo Insodnp Itw Pr�pary ero u pnrt ot ihia Deed ol Y�usl. • ,:��:
<br /> Mdnt�o�nC�of InWrance. Trustor sha11 prceure and melntaln poiltiee ot Ars Ineuranco wilh efandard extended covenpe tndorsert�nts an■ � �'
<br /> replaCertwnt basN�fa the tull Insurebte vatuo covedny all Improvemenk�on Iha Real PropeAy In an amounl sutM:tenl lo Yvoid eppl{Catlon of tny �
<br /> cdnsunnc�cltuLe,tnd wtlh�sundard matpapee clause In lavor of Lsndor,loyother wlth such othor harerd md Ilablllty lnsurenc�as Lender
<br /> may reQSOna61y reqWro. i'ak►ea shau bo wdtlen In tarm,amounts,covernpee and basis reaaonabiy acceplabia to Lendor end Is�uad by s � �
<br /> company or comp4nl�raasonably ncceptable tu I.endor. Trustor,upon rsquest of l.endar,wi11 deliver to Lende►hom ttma to�rtw Itw poltclt9 �
<br /> � a certlACatea of Imurance In fam asllstactory to Lender,Includlnp aHputaUOne th�t caverayes wlq not be cancolled or dlminbhad wilhoul nl F�..
<br /> Ieast ten(10�days'prtawriiten nofice lo Lender. Each Insuranca po��cy nN;o ahad Indude an endorcemenf�mviding thal covermge In levor of w.-�
<br /> Lende►wYl nnt be Impekod In any w�y by any act,omisslon a delautl of Or4ntor or ony olher person. Shauld t1w Real Prop6rty at eny lim0
<br /> become locatod In en erea desl�pnated by Ihe Dlrector of lhe Federal Emerponcy Manaflament Aqoncy as a spectal eood hasard aree.TNb10f , �t
<br /> eprees to oblaln and rnnlntaln Federal Flood Insurence to lhe extont such Insurance Is roquired by Londer anC is or hocomes aveitabie,tor Iha
<br /> term oi the loan and Gx Ihe fu9 unpaid pri�clpal balenco o}lhe laan,a!he maxlmum Ilmit ol cavorape thal Is evallnble,whichever is los9. ,
<br /> Applfcet{on o}P�acead�. 'I'NStor shau promptly noti(y Lender of any loss a damupo to the Proporty. Londor may make proof of loss II Trustor .
<br /> talh to do so wilhin fitteon(16)deys ot Ihe casualty. Wheiher a not Lender"�security Is Impalred,Lender may,at fts electian,receive and retaln �
<br /> tlw p►ocaed�af any insurana end appty Iha proceeds to tha reductlon af tha Indebtedness,payrnenl ot eny Ilen eBecfing the ProperfY,a 1he
<br /> rw-taraUon and repal� ol th3 Rrop�rty. It Lender etech tr�appry the proceeds to restoretion and repalr,Trusta 3hall repak or repitce Ihe
<br /> damaped or de3troyed improvements In a mannor sat(sfnctory to Lendor. Lender shall,upon satistuctory proof ot such e�enditure,psy or �
<br /> reimbur6o T►ustor hom Ihe proceeds la the reasonable aost of repalr or restorallon If Trusta is not in detaull under this Deed o}Trust. Any I ��..
<br /> proceeds wh�h heve not been dlsbursed wlthln 160 days nHer thelr recelpl and wh�h Lendor has not commltled to lhe repafr a restorntlon of , „ ,��.
<br /> lhe Proporty ahaA he usad firtl ta pny eny amount owing to Londer under Ih�Oeed o}Trust,then to pay nccruod Inlorest,and tho remaindar,it , ,__ —
<br /> any,ahall bo�pplkd t41ha pdncip�l balanco of the Indebtodness. It l.enda hotds any proceads arior paymont In Iuli ol lhe Indobtodness,auch � "„�����
<br /> procoeds s!►ae bo pald lo Trustor as TNStor's interosts mny oppoar. "
<br /> ��r�`.
<br /> U ne x p l r e d I n w n�n c s �t S d e. A n y u n e�l r e d i n s u r a n c e sh all Inwo to fhe bonafil oi,and pess to,the purchaser o}tho Propurly Covered by Ihis
<br /> Daed o}Yrust ot eny Mntee's sate a olher sule hold under the proNslons of this dood of Trust,a at any foreclosuro sets o1 such Rroperty. I �, �—�+�.�
<br /> Campllnnce with E7clstinq Indebtednesa. Du�np the palod In which any Fadsflng Indobtodness described below Is in ettect,camplience wllh � �r -`�
<br /> lhe Insurance proNslons conialned In lhe Insfrument eNdenclnp euch Fadsting Indobtodness shall constitute compllnnco wilh the Insurance i ;{•�'`�._`",;-
<br /> . prov(slons under thls Oxed of Tnrst,to tho e�AOnt complinnca with the turms�}Ihis Dood of Trust wou,d constitute n duplicaUo�of Insurance ,; ,
<br /> requirement. If any proceeds hom lhe UsuranCe become pnyable on loss,lhe proNSlons In this Oeed of Trust tor dlvislon ol proCeeds shall .,:��_
<br /> appty onry to that portlon af lho proce�ds nol payable to the holdar of Ihe Exlsting Indebter'noss. �
<br /> EXPEHDlTIIRES BY LENDER. It Tnistor faits to compry with nny provislon ot tn�s uoed oi irust, inCiuding uny uui�bnt�u��2�r�airs ats E�3� -- �—� - --
<br /> ' • • Indebledness in gaod elendiny as ruquirod b41ow,or it eny nclion a prxeodinp is commoncod thnt would materinlly nl(oct Londer's Interests in ihe
<br /> • � Propfxly,Lende►on Trustore behnlf mtiy,bul sholl not be r�quirod to,tako any nctlon thal Lunder doems approprittte. Any amount Ihat Londor t
<br /> xly m
<br /> expends In so ddnp will bear Interest at the�te charpod under the Noto hom the dnte Incurtod or pald by Lendor to the date ot ropnymont by
<br /> Trusta. Ali suCh e�enses.at lander's opBon,wlll (a)bo pnynblo on demand, (b)be nddod lo the bnlencu of tho Note nnd be epportloned emOnp
<br /> • and bo paytbls wilh nny Inslatimont payments to bocome due during either (I)ihe twm o}nny epplicabla Insur�nce polluy or pi)the n�malnlnp tsrm i
<br /> of fFw Noto,or (o) ba traatod as e balloon poymsmt whlch wiB Ce duo and payable at tho Noto's maturily. This Dood of Trusl also w,ii secun
<br /> ' enttt�led�on�xo 10(the default�Any such ac lon by�lendo rshal�l not be conshued le9 Cutinfl the defnult eo fls torbnrele de�hom any re edy I a1 - �
<br /> Il othe�wfse would have hnd. � � '
<br /> WAARANY1f;DEFENSF OF TITLF. The fdlowinp proNslons relntiny to ownprshlp ot tho Proporty ctro e part of ihls�oed of Trust. , �>
<br /> Titls. Trustor wertants lhah (n)Trustor holds paod end murkotobla dtlo of rocord to ihe Proporty In foa slmpie,hea and clear of sil Ilons and � •i
<br /> encumbrancos olhor then lhow eot forth In tho Ronl Propertyr doscriptlon a In tho Exlsling IndoEtodnoss sc�clion bolow or In any tlllo Insurenco
<br /> • pdioy,Utl�reporl,or finel UUo opinlon Issued In fovor of,and accoptod by,Londa In connoctlon wHh thls Oood of Trust,nnd (b)Trustor has tho �� � �V�
<br /> �• tuB ripht,power,and eulhoriry to execule and deliver thl9 Doed of Trust to Lendw. � •�' _
<br /> � .
<br /> Deten�e of Title. Jub�oct to lho oxCOptlon in tha parnpreph above,Trustor wurrant3 end will forever detend the titlo to the Properly eqalnsl lhe , �
<br /> lawtul ctalms of nB pe+sons. In lhe evont any nctlon or procoeding Is commoncod thnt quesllons Truslor's tltle or the Interost o1 Trustoe or
<br /> Lender under lhis Oeed of Trust,Trustor shell detend tho ection nt Trustors oxpense. Trustor may be Iha nominul pmty in such procuedinp,but
<br /> Lendor shall be entitted to partiClpate in Iho proceeding and to be wprossntod In tho procaodinfl by counsol of Lendor'c own CholCO,and f ;(
<br /> Tntstor will dolivsr,or CettSE�to bo doliverod,to Londer such Instrumenls as Londer may requost hom tlme t�lime to pormlt such pnrticfpation. �
<br /> ComptianCe WHD I.eewa. Trustnr wartanb lhat the Properly and Trustors uso of lho Proporty compllas with nIi exlstinp npplicabie Inws. � •
<br /> adinances,tnd tepuia0ons of povernmental authoritlps. '� ;
<br /> EXI3TINt1 INDEHTEDH�SS. T1�e fdlo�virp provislons concorninq orJsHnti Indobtodnoss(Iho'Exlstinp Indebtedness'nro n part o(thls Dead of ,�
<br /> �.
<br /> � Tn1st. •
<br /> Ekistinp Llen. The Ilon of thl9 Dood ot Trust securinp Ihv Indoblodnoss mny be Secondary nnd Inferlot to nn c�xlsting Ilen. Truslor o:c�rossty
<br /> � Covsnants and apreo�lo pay,or c�e to the pcymnnt of,the Existlng Indobtednass antl to provent nny doinult on such indobtodnoss,t�ny dolau�t
<br /> . under lhe InStruments OvldonCing euCh Indeblodnoss,or nny dofault undor nny socurity documonts for SuCh lndubtodno5s.
<br /> Iletaull. II Ih0 paymenl ot any Insittlimenl ot prirv:lpnl or nny Intorost on tho Existing Indebtednoss is not made wllhln tha timo requlred by Iho •'
<br /> note evidondnp suCh Indobtednoss,a should e dofaull ocCUr undor tho Instrumant soCUrinp such Indeblodnoss nnd not bo curod dwine any �
<br /> npplfcabla qrnco po�lod lhoroln,thon,nt tho optian ot Londor,tho Indobtodnoss socurod by thls�eod ol Trusl shail becoma Immodiatoty duo
<br /> and payable,and Ihfs Deod ol Trust ahnll bo In dolault. •
<br /> No MCditlCatton. Truslpr shall nol0nler Into any ngreomc3nt with tho hotdor ot uny moripago,deod of trust,or othor soCU�►ty agreomonl whlch
<br /> hns p�lority over Ihls Deed ol Trust by wh�h Ihat nqroomont Is modfflod,amended,oxtendod,or rono+vod without tho prlor writton consont of
<br /> . Lendor. Trustor ahaU notthor roquost nor acc�rpt flny tuture ndvunccrs undor any such sacurity nproamont wlthout tho prior writton consonl ot
<br /> lender.
<br /> CONDENiNATIOlI. ThY tollowinp provislons retaBny to condamnaUon proc»odinps are e pari of this Doed of Trusl. �
<br /> Appllrat{on Of Net Proceeds. It ail or any part ot tho Proporly Is condomrwd by ominant domnln procaodinps or by any proc�dinp or � �
<br /> purchaso In Iieu of condomn�HOn,Londw mey et Its�loctlon roquire that ail w any pation of tho not proceods ot tho ow�rd bo npplbd to tho '�
<br /> Indebtednos9 or Ilr�rvpHk or rostora�on o}lho Proporty. Tho not proca�ds of thn award shall moan tho nwnrd ntt3r paymonl ot nll ronsonablo
<br /> cosb,exp0nses,end all9meys'leas IncuROd by 7rustoe or Londor In connoctlon with Iho condomnation. • .
<br /> - � PraCeedinp�. If nny procccdinp In condomnatlon Is filod,7rustor shull promptty notiry Londer In wdtinp,nnd Truslor shnll prompUy tnko such '
<br /> steps as may tre necossary lo defend tho acUon and oblafn Iho eward. 1'rustor may bo tho nominnl party In such proccoding,but Londor shnll
<br /> bo enti;{ed ta pnrUcipal0 In Iha procoodlnp nnd lo bu roprosonlod In tho procoodlnp by counsof of ils own cholco,and Trustor wi11 dolivor or .
<br /> causo to be de�ivered lo Londor such Instrument3 as mny be roquestod by II hom timo to timo to pc+m�!auch pnrllclpniton.
<br /> , IMPOSITIOH OF TAXES.FEES AND CHAR(iES BY GOV[ANMENTAL AIJTHORITtES. Tho(ollowinfl provislons rolnting to govornmontul tnxos. ,
<br /> • . leos and charpo�cro n part of IAIS Dood of Trusi:
<br /> • Curnnt Texes�Feas nd ChKpes. Upon requosl by lornla,Trustor shau oxocuto such documonts In nddilton to this Doc►d of Trus1 and Inko ,
<br /> wl►dt6ver othet�Ctlun f7 reduosled by Lendet to porlact nnd ConUnuo Londor's Ilon on Iho Reul Proporty. Truslor shnll rolmbursa Londer lor nll
<br /> texe9,as dAt.aSb9d Cdow,lopothor wilh nll oxpon5o5�nCUrrod In ttlCOrding,portoCling or Conlinuinp Ih�a Doad of Trust,IrtCludlnp wlih0ut
<br /> � Ilmltation a11 I�xe�,fo�,documontury alamps,nnd olhor charpos lor rocordlna or roytstoring this Daod of Tri�s1. _
<br /> Tnxe�. The lollowir�shall constituto toxos to whlCh thls secllon appilos: (n)a spoclBC tnx upon thls typu ol Doad of Trust or upon nIi or nny
<br /> pey�enty oo hee Indebtod ess socurod by�lhls typo ot Dood�ol7rusl•n(C o lax orn Ihls typo o D(todrof Tru t h rp0 bio�Qalnsf t o�lt�ndc�or
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