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<br /> App11C�1t4n af PtOCMda Trusta ahsH promplry natity Lflnc+er of eny las�a damayo to Ihe Proparty. 4ender may make prouf of loss II Trustor �___
<br /> Ittils to do au Mrllhin fifleen(15)��ya of the casuelt�. Whelher or nol Lendere scicudry Is Impalred,Londer mey,ut Its etection,recelve and relsin =
<br /> IP►e proc�e0s of any Insw�nco Qnd appty Ihe procs�ods to tho roducQon ot Iho Indnbtadnass,puymo�t ol uny Ilon nNactin�Iho Proporty,or ihe � � �����
<br /> , •� rsstortUon tnd nptk of IV�Proputy. It Lend9r elecb to�pply Ihe proceeds lo reataatian and�epalr,Truetor shaU repalr or replace tho �'��=–
<br /> damnpu�a d�troybd Impravomenls In e mannsr setistactory to Lendor. Lendor shall,upon sallstactory proof o}auch oxpendilure,pey or ,. �a
<br /> rc,lmuur,:a Tru�fa k���i t��rar,;...�sia 9e7 lh�rc,;canab!�ca:t o!rcpJr or rc�bm8on I}Trustor Ns not In d�itlt!11 unde�this Deed Of'Plust. Any �•
<br /> �• procNds wMch hav�not b�n dlabursld wtihin 180 day�ali9r lhNt rocei�t�nd whlch Lender hu not commitied to the repair a rostaetlon o1 � ''�..%,
<br /> • tha Frop�rty alwll b�used Mst to pay any amount owinp to Lander under th!e Deed of Trust,tt�en to pay nccruod Interest,and lhs r�mtinder,If i.�i
<br /> � " eny,shtQ W applbd to lM pdnctpnl baAncs ot Ihe Indehtedness. if Londer hotd�eny procaeds aNer paymenl In tul►of thd Indoblsdnese,such .� ,�¢
<br /> proGeads ahaN ba pild to Trusta as Truslor'e In10n3sts m�y eppear.
<br /> llnexpired I�wra�c�N S�t�1. Any une�lnd Insurance EhaH Inure to the beneftt of,and para to,lha purchasor o}the Prop¢rty covered by lhis �
<br /> Deod ol Trust�.1 eny hustoe'o sale a other sale heid under the provislons of this Uead oi Tru�t,or al any toreclasure sale of such Proporty. ,�^
<br /> Tniztor'A Rsrait ar�In:ittca��. Upan roqur:t o!lendrr,horraver not moro lhan once a yesr,Tiusta shaU turnlsh fo Londor n repnr4 on each �
<br /> ox�Hnp poGCy of Inaun�na sho��lnp: (a)Ihe name of the insuror; @)the risks In3urod; (c)the amount o}tho polby; (dj the property Insur6d, �� '�
<br /> � the Ihen curcent reptaceriwnt valtq of such prcp3rty,and Ihe manner of determinlnfl ihat vaiue;and (e)the oxplretlon dete ot Ihe poticy. �.`
<br /> Trusta she�.upon rsquest of Lenrler.havo sn Indapendent eppralser satisfactory to Lendor datormine the cash vaiue replacomen►cost ot the ..
<br /> , Properly.
<br /> � TI1X ANO INSURAHCE RESERVE9. Sub}ocl lo any Iimltations sel by appik.ab{a Iaw,lendor may roquiro Trustor to mulntatn with Lender roservos '
<br /> tor paymont o!mnual tnxa�,assassmonb,and Insuranco premlums,which re�,arvos ahell 6e created by advance paymont or monthry p3ymenls ot e �•�
<br /> sum ostlrn4lp�by landx to be suMclent to produco,at least fitteen(16)deys betore due,amounts at least equal to lhe texes,esssssments,end : .
<br /> Insurancp promium�ta be peld. It 6fteen(16)days botore peyment IS due the rpserve funds are InsuNfc18n1,Trustor shall upon domand pay any l ,
<br /> d9NClenoy lo Lende►. The reserve(unds shall be held by Lender es a penerni dsposil hom Trusla,which Lender may satlsty by payment oi the -
<br /> texes,essessmenb,and Ins�xence premlums required to be peld by Trustor as Ihey become due. Lender shall havo the dght to draw upon the �.,r,�
<br /> roserve(unds to pay such ftems,and Lendar shali not ba roquired to det�rrnlne the valldily a eccuracy of eny Itom betore paying IL Nothing in the ��
<br /> •• � Dead of Tms4 shall he construed as roqu!rin�Lendar lo advance olhar monles tor such purposes,end Lendor shNl not incur nny Uabllity tor snything • � "�:'
<br /> ft mey do or amit lo do with respxt to the rasonre account. NI amounts U the reserve acoount are hereby pfadped to Nrther secura the " �`!--
<br /> � Indabtedn9ss,end Lender Is Aeroby au►ho�ized to wlthdrew end appry such emounls on the Indebtedness upan Ihs occunerace ol sn�vent of ., �i�';
<br /> Default. Lenderalu�A nol bo teqvlred to puy eny Interest or earnlnys on the rosenre funds unbss requlred by luw or aqroed to by Lender In writinp. '
<br /> Lender das nol hdd the rasarve tunds in trust fw Trustof,and Londer is nof T�ustors egent fa payment of Ihe taxes and essessments roqulred to � r q
<br /> be pald by Truslor.
<br /> t.
<br /> EXPENDlTl1RES BY LENDE7i. It Trusta fails to Compty wf!h any provfslon of thi9 Ocwd of Trust.a if eny ection or prxaodlnp Is Commonced thet �;',='
<br /> would matarialty af(oct Landere Interesta In the Property,Lender on T�ustora bohai}may,bul ahan not bo roquired to,take eny ncHon that Lendor � 4..�' __
<br /> doems Qpproprl¢te. AnK nmount that Lendar expends In so dGnp wili boar Intorost at tha mte charped under the Note trom thA date incurred or pald ., �; —
<br /> by Lender lo lM dal0 af repayment by Trustor. All such oxponsps,at Lendcx's opUan,will (e)be payubto on demand, (b)be eddetl to tho batance _=
<br /> of the Note and be apporlioned amonq end bo payable with any Installment payments to become due during eilhor (I)the torm of eny applicabte ' ��+
<br /> Insurance poticy or pq t1w romUmny term ot tne Note,or (cj oe ireateo es o baiioon paymeni woicn wiu oe dua urin p8y6b�n ai t��5�.ut'o 5 s�u v���y. �_'_, ,* '_=-
<br /> Thle De�d of Tn�st aiso wIN Etecure paymant of Ihese amounts.The rlphts proNded ta in this pare9raph eheu 6o In addition lo any other riflhts or nny � �
<br /> romedies to wMCh Lander may be enUded on eccount ot the dofault. Any such acllon by Londer shall not be construad as curinn the detault so os lo ,
<br /> bar Lender from any remedy that it otherxlse wauld huve had. I
<br /> WARRANTY;OF:FEl1SE OF TITtE.The loltowlnp provisions retating to ownarship ot the Properly are n pert ot this Deed ot Tr�est. ,
<br /> Yltie.T�ustor warrants thnt (a)Trustor hoids qoud end markotnble title ot rocord to tho Props�ty In toa slmpie,heo and cloar of all Iions and I v �
<br /> " encum�rances other than lhose set forth in the Real Property descdptlon a In any litte Insurance pdicy,title report,or 8nal tlile opinlon Issued In I ?
<br /> fava of,end accoptad by,Lender In connectlon wilh this Deod ot Trust,and (b)Trustor has Iho tull�ipht,power,and authority to ex9culo end � '
<br /> � deliver thb Deed o}Trust lo Lender. ���
<br /> Wf�nw ot TItN. SubJect to tlw exoaptlon lo fhB pera�raph above,Trustw wurrant9 Find vAli lorevar detond the litle to lho Proporty ppelnst tho . �;
<br /> lawful clalms o(all persons. In tha evant any actlon or procoeding Is commoncod lhat qvostions Trustor's tlll�or tha Interest of Trustec�or i •� ,
<br /> Lender under this Deed of Trust,Trustor chall detend the action nt Trustors e�ense. Trustor may be lhe nominal party In such proceedlnfl,but
<br /> Lender shall be enUUed lo parHclpale in liv3 proceedinp und to bo reprosontad in the�rocvedlnp by counsol of Lender's own choice,und •,
<br /> Tnrsta wiB dc�liver,a cause to be del(vered,to Londer such Instrumonlq as Lender mAy request hom time to time to permit such particlpalion. • :;�;�
<br /> Compllance 6ttlth Lawa. T�ustor wurtants tfiat tho Proporiy und Trustors uso ot tho P�oporty Compllos with nil oxlsiinq appliCUblo It►ws, , ,�
<br /> �• ordtntnce9,and repulatlons of povommental aulhodtl0.s.
<br /> � COHDEMNATI�I�I. Yhe followinp provlslons relatinfl to condemnetlon proceedlnys are e part o}tnls Deed of Trust. ;
<br /> Applic�tlon of Ne1 P�oCeeds. If ell or any part of the Property Is condemned by eminont dort�ain proceodings or by any proceedinp or � �i, �
<br /> purchase In Oeu of condemnation,Lender may et Its o1c�clion roquire fhat atl or any portion of the net procoeds o1 tho uward bo applled to tho :� �. �c
<br /> Indebtedrwss a ttw repair or rostorotlon o1 tfie Proporty. Tl�e not proceeds ot the award shnn mean tho aw�rd atter payment of nIi reasonable ' �;•,
<br /> costs,expenses,and attaneys'toes Incurted by Trusteo or Londor In connocHon with lhe condemnatian. � � �I
<br /> - • Proceedinps. It any procoedirp In condemontlon Is Aied,Trusfor shnll promptty noUy Lender In w�itinQ,end Trustor shall promplly tako such �` "'
<br /> steps ns mny Ce necessary to dofond th0 acUOn and obtaln the nward. Trustor may be the nominel party In such procoediny,but Lender shall '1.. � ��
<br /> bo entitied fo participsto In tho procoediny and to bo represontod In the prxeediny by counsei ot IGa own cholce,nnd Trustor will doiivar or 1� ,
<br /> cause to 6o deltvered to Lender such Instruments ns may bo roquestod by it hom time to tim¢lo permil such parUclpatlon. '
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<br /> IMPOSITION OF TAI(E8,FEES AND CifARf3ES BY GOVERNMENTAL AUT�ORIT�CS. Thc fotlowinfl provislons rolatfng to govommontnl t:ucos, ;
<br /> fee�and ch�rpes are a part o}Ihls Doed cf Trush '
<br /> Current Texes,Fees ond Cl�arpe�. Upon request by Londor,Tnrstor shall oxocuto such documonts In ndditlon to thls Deed of 7rust end tnke - • �
<br /> whateva other pcNon Ls requt;tad by Lendw to porfoct nnd cnnflnuo Lortdols Ilan on tho Roal Property. Trustor shall relmburse Lender tor all *
<br /> � toxos,Qs d�xibod betow, topetht�rr wllh all e�enses Incurtetl In r�curdinp, pertoctirp a conlinuinp ihi3 DOOd ol Trusl,Includinp without o
<br /> Ifmita8on eY faues,(aes.documentary stamps,and olhor charQes ta recordiny w roplsterinp this Deed of Trust.
<br /> � �� Texe�. The followiny Ehaq constitula taxos to which this soclton applles: (u)e cpocl8c tax upon Ihis typo of Dced of Trast or upon nll or nny '`
<br /> part of ttw Indebtedness sacured by tP�ls Dued ot Trust; (b)n spociflo tax on T�uslor whlch Truslw Is authodwd or roquirod to doduct Irom
<br /> payme�ts on lh�Indeb4edness secured by liils lype of�eed ot Trust; (o)a Inx on Ilds rypo of Doad ol Trust chnrg9abio a9alnst tho londcr or
<br /> the h�lder of fhp Note;nnd (d)a cpoclito fax on all Or any porUon of tho Indobtednoss or on puymonts of pdnclpal nnd Intcrost mndo by '
<br /> • Trusta. y
<br /> Subxquent Texe�. If any tox to whtch th►s�acUon applies I�onactod subsoquont to tho dalo ol this Dtwd of Trust,thls ovant sholl have Iho ,�
<br /> . samo eftecl as an Evant o}Qefautt(us deflnod betow),and Lenda may exorcl�e any or ntl of its nvailnble rornadlos for�n Evant of Dotault as ,
<br /> " provtded boiow unless Trustor olther (n)pays tho tax bolore It bocomos dailnquant,or (b)contosls tlio tnx as providad obove in tho 7axos und . .
<br /> Llnn9a8ctlon and dnnorit�w(th Lendar cash or a suHicinnt coroomto surotlr bond or othor socurfhr s[iNstactorY to Londar.
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<br /> ' SECURITY/►�RE�MEIVT;FINANCINQ STATEMHHTS. Tho lollo�vinp provlsions rofuting to lhls Deod of Trusf as n security ngroomonl ure n pnrt of A •
<br />� Ihls Oeed of Trust.
<br /> SecVrity Apr�eement. This Instrumonl shnli constituta a socurity nproomont to tho extont nny of Iho Proporty constilutos fixturos or othcr
<br /> � . � porsanal property,and Lendor sha0 have ell ot the dghts of a securod pnrty undor lho Unilorni Commorclat Codo n3 nmondod(rom time lo
<br /> .� , ' Ilm�.
<br /> SOCUtlty Iniereft. UpGn roquast by Londor,Trustor ahall exttcute flnnnclnp statomants end tako whatovor other acHon Is roquostod by Londor
<br /> � fo pa+lecl and conitnue L¢ndor's socuriry Intaosf in Ihe Ronts nnd PorsonN Proport�r. In nd�lUan to recording this Doad ot Trusf In Iho roal
<br /> •� pr�perty records,Lender may,a!nny time and without furt�er authotlratlon hom Trustor,filo axocutod cuunterparts,coplos or roproducu�ns of
<br /> Ihis Oeod ot 71us1 es e flnsnclnp Slatomont. Trusta 3hnll relmburso Londur for ntl oxponsos Incurrad In po►tocting or contlnulnp thls socurlty
<br /> � Intorest. Upon dcalauR,Trustor 6ha0 assembio Iho Personal Property in e mamier end et e ptace ronsonnbty convonlont to Trustor snd Lender ,
<br /> nnd mako it ovaltabie to Landar wllAln lhroe(3)dnye after roceipt of wrlllnn dmm�nd from Londor.
<br /> j' Addresaeti Trie mal:iny eddros��s of Trusla(deblor)nnd Londnr(socured pnrty), hom whlch Intamallon conceming tho socurtry Interosl ,
<br /> r. Om��Ad by Ihis Dead of Trust mny bo abtoinod(oach ns roqu�rad by Ihe Unitorm Commorcial Codo),nro es stntod on Iho Arst pafle of Ihls Deod
<br /> of Trust. �, e, • '
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