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<br /> ' 1. Day:,i�:ti4o, florrowcr c�rc�a to mal:o�II pr.ym�ntc on tl�� cccurcd doht �ah�n duo. Unl000 Oorro�•�or nnd Londor narco otlion�lao, ❑ny
<br /> pnyrncnto Lcndcr rocClvao frorn [18rrarJCr or for DOlfOI•JCI�O ��IIOSII WIII �70 U[1pIICfI IIfOL�O C(1�l 01Y1014fl16 Hoero�vcr owon on tho ancurcd dobt
<br /> oxclu�ivo uf Intcrcat or principal,cocond to Irciorest,and than to prtr,Cipal. If pertial prepayme�t o1 the securod dobt occura for nny ranson,it will i .�
<br /> not reducn or excuse eny ech:dulsd pnyrnont untH tha eacured deDt le palcl In tull. p��� �_
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<br /> 2.Cl�tmr Aa�in�t Titl�.Dorrower wlll p�y alt t�xea,etsesomento, and other cherQa�attrlbutabta to the property when duo and vJlll dofond titlo
<br /> to ihe propertY e ainnl eny clalm� whlcb woutd Impelr the Ilen of thl�daod of Uuot.landor may requlre Borrowar to asolpn cny rlphte,ciolma or i ;�'f'�`-„
<br /> dolonsa�whlch�orrowor mey hava epeinst partloe who nuppiy Inbor or matorlals to Improve or meinteln tha property. I �j+�A
<br /> 9. In�ur�nc�. Harrower wlll kmep thb property Insured undar terme ecceptebla to Lender at Borrowe►'e uxpenaa and for Londor's benoflt. All I , �'�''prs
<br /> InAUronce pollclee ohell Insiuda a etendird movtpepe claus9 In favor of Londor.Landor will 6o namad es losa payae oi at the Inaurod on any such • -
<br /> In:urcnco pr�licy.Any Inzuronce p�aceeda nioV Ue�ppiln�,wflhln Londe�'�diecretion,to oither the roetoretlon oi repalr of the damaped proparty �
<br /> � or to the�eeurod debt.I}Lmd�r raqulres mortp�pe�naurana,Borrownr�prea�to mdntdn uucli Imm�nce for a�lonp ne Lender requlres. � �•�.��.
<br /> 4.Frop�rty.Borrowet wiil keep the properry In pood conditlon and moke ell repeln re�aonebty neceasery. ����
<br /> 6.Exp�nt�e.Botrowu agr�ea to pay�II Lendor'o expsnt�s Includinp re�somble�ttorneya'feet.If Borrower breeka any covonante In this dood �''�
<br /> of trust o►in eny obtipetion necured by ttds doad of truot. �arrower vtlll pey t�ete amounte to Londer ea Rrovided in Covonant 9 of thia dottd af ,y
<br /> trutt. I ,
<br /> , 8. Ptitx S�curlty(nt�n�t�.Ur�lea� Borrower firet obtelne Lender'o writton consont, Borrownr wfil not melse or permit eny chango3 to any prlor ' �
<br /> �ecurity Interesq�. Borrower wltl pertorm dl o}Borrower'�obllpetlone unde►any prfor mortpape, deed of truat or other security eproemont, I "`?
<br /> • , Includinp Borruwer's Co��en�nt�to meke ptyment�when due. � ,�..�.
<br /> 7.Mtffy�:n�nt of R�nt�and Pro1fQ�.Borrower�tsiena to Lender the renta end profite of tho property.Unlc�ae 6orrower and Londor have ograod
<br /> otherw at o In wtiting, Borrower m�y cofiect and retaln the rents ea long aa 8orrower la not In detault.It Oerrower defaulte, londot, Lendar'a
<br /> . .. agant, or a eourt eppolnted racelver mey teke posseeiton and manepe the property end collact the ronta,Any ronte Londor colieote sholl bo �
<br /> applled tire4 to the cost� of rnanspinp the property, Includin0 court aa�te end ettornoya' feen, commltsiona to rentel agenta, end any othor "
<br /> • necessary retated nxpenaaa.Ths remarninp smount of rents wfll then�pply to paymants on tlie secured debt�a provided in Covenent 1. ,
<br /> • Y.Uas�dold�i Co�dortJNum�;Plwwd Udt O�vdoprnM►U.Borrower opteea to compty wfth the proviciono of any loaso if thlA dead of trust is on � 5
<br /> • e leasehold, lf thls deed of trust la on� unit In a condnminlum or a planned unft davolopnent, Borrower wiil porform all of Bonowar'a dutiae i �
<br /> �' under the covenants,bylaws,o►regulationd of the condominlum or plennad unit developmant.
<br /> „ 9. Authority of L�nd�r to��rtwm iw Barrowx. If k3orrowtr faile top erform any of Borrowar's dutie�under thlo doed of trust, Lendor may � ''� �
<br /> porform the dutiee or cause them to bo perPormed.Londor may elpn Borrowor'o name or pny any nmount If necossary for porformunco.If nny x ��
<br /> construction on the proporcy is diacontinueA o►not carriad on in o re�tonable manner,Londer may do whaiever ia nececsary to proteat Lender'o -
<br /> �eC�rity Interest In ths proparty.Thie msy Includa completinp the con�tructlon. �
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<br /> landor'a(eilure to porform will not preclude Lendcsr from exercieinp any of ite other riphts under the lew or thia daeu of trust. '
<br /> ; Any emounts paid by Lender to protect Londer'o security Interest will ba eecund by thit dead of truat.Such a�nounts wiil be duo on domand �I
<br /> �nd wfil bear Interoat trom the date of tho payment untit pald In full et the intereat rete In eftect on the secared do6t. f��.
<br /> 10.D�f�utt�nd AceNeatlon.tf Borrower felb to m�ke any paymont when du� or breaka any eovenante under this dead of uust or eny
<br /> obliyatlon sscured by thls deed of tvu�t or eny Rrtor mortpaps or deed of tru�t,Lende►msy eccelerate the meturity oi the secured debt and ��"?�-
<br /> demtnd fmmediate payment snd may Invoke th�power of�ele�nd any othe►ramedies permittad by applicablo le�w. •
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<br /> �� 1S.Requ��t tor NoUe�of O�f�ult. It le hereby requested that copiee of tho noticea ot detault and sete bo eant to each parson wiio is e parri
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<br /> - �m�aw,si u.'v ava�oas u�o��n iuc��yoiiiai�,aa aei iorin�oroin. ,,., „,�;:.
<br /> 1Z.Foar�t o1 Sat�.If the Lender Invakes the power of eete,the�►uatee shall(irst record In the qHlce of the ragister of deeda of eech county •�'���
<br /> wherotn the truat property or some part or parcel thereof ie situatod e notico oi de4eult containing the In(ormation roquired 6y law.The Trustoe ? �
<br /> �hall etso me{I copiea o}tM natice of defautt to the l3orrower,to eech person who ia e party horeto,and to other persona os proscrt6ed by • •
<br /> � app►lcable law. Rot lesa then one month aRar tho T►u8tee records the noticn of defuult, or two months ff the trust property fe not In any ��
<br /> Incorparated city or vfliape end 13 used In farminp oparetion�carried on by the truator,the 7ruatoe shell pfve public notice ot eate to the persone �;
<br /> end In the manner preacribed by�tpppllcabie law.Trustee,wfthout demand on Bo►rower,nhall soll tho property at publlc auatfon to the hiphost (
<br /> btdder. I}requlred by the Farm Home�tead Protection Act,Trustee shNl offer tho property In two separota seles ea requfrod by applicabla law. I , �
<br /> Truites may poctpone sale of etl o►eny parcol oi the property by public ennouncement e4 the time nnd place of eny prevlouaiy scheduted sete. � "
<br /> Lender or It�deslynee may purchase the properry at�ny eate. .
<br /> Upan roceipt of paym ent of the price bid, Trustee shett de0ver to the purchaser TruStee's doed conveylna the propercy.The recitials containod in f ��'r
<br /> Truateb'�desd shall be prime 1�cle evidiance ot the truth of the ntatements conteined theroin.Trustee shall epply the proceeda of the eate in the ' . �j
<br /> (ollowinp order: (a) to all expence� of the aale, includin�, but not limited to, reasonabte Trustee's feea, �easonabte ettorney'e tees and � � -i'' �
<br /> roinatetement fee�;(b)to all sumi securad by tNa daed of trust,and(c)thu balonce,if eny,to thn persona Iegalty entitled to recolve it. i .,
<br /> 13.For�cio�un.At Lender'e option,thla deed of trust may be toreclosed in tho mannor provido by sppllcabte law for foreclosure of mortgage� i +
<br /> on real proparty.
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<br /> 14.Insp�ctlon. Lender may enter the property to inspoct It if Londer givoa Borrowor notico botorohand.Tho notico muat stato the roasonobla • ``�''-t
<br /> cauro 4or Lender's fnspection. . , . �+'- '�'Y
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<br /> 16.CondNtx�ttion.Borrower assig�na to Lendor the proceeds af eny eward or clefm for damagos connected with a condemnation or othor teking � ' n�
<br /> ot all or eny part of the property.Such proceeda will be eppiled ea providod(n Covenent 1.This ussignmont Ia subJect tu tho torms ot any prior �
<br /> security egreement. � ,�
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<br /> td.Wntve.By exerclsinp any romasN avellablo to Londor, Londor doas not flive up any rignts to lator uso any othor ramedy.By not oxorcisfnp ' � � y
<br /> eny remedy upan Borrower a defau�.Londer dooa not waivo any right to later considor tho ovent o default If it happens agsin. .. g
<br /> � S7.Jolnt�nd S�v�rN Lta� Cu•iiDnen; 5uec�»on and A�ilpm Bound.All dutlos undor thia deed of trust ero Joint and ceveral. Any � ";���I
<br /> 8orrowar who co•signa ttil8 deed of Vust but daes not co•slgn the under�ying de6t I�suumsntls) daes so only to prunt und convey that 'k. ;`•'s�'
<br /> Bortower's interest in tho property to tho Trustoe Qmder tho torme of thia deed ot Yrust.In ndditlon,such e Bortativer agroea thet the Lendor a�d ' •� �
<br /> any othor 8onower under thls deed ot uuet may Amend, modif�or mako any other changas in tho torms of tnis dood of trust or tho socured
<br /> debt wlthout that Bonower'e conae�t and without vnlnAninfl thet Borrowor irom tha torms of thls daad of trust. � �
<br /> . The duttes and bonofite ot tNs deed of trust shall bind and bonatit 4he euccassora ertd esstpna of Londer and Borrowor. • '�t!
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<br /> 18.NnUc�.Untocs otharwiso roquirad hy law,any not(ca to Borrowor chall bo plven by delivering it or by mc�fiinp it by certified mail addrossod to ' �
<br /> Borrower nt tho properry addrasa or nny athor addrusa thut Borrowor has 41ivon to Lender.Borrower will aivo any notice to Le�der by certified �
<br /> , matl to Londer's address on page 1 af thts deed of Yrust,or to any other address whtch Londor has dostgna4od.Any other notico to Londar shLll
<br /> ' Ce seni to Londer'e eddresa es etatod on papa 1 ot chis dood of truat.
<br /> Any nottce shall bo deemed to havo beon given to Borrowor or Landor whon pivon in tho mannor stntad a6ovo. j ,
<br /> 19.Tran�f�r of tM Prop�rty or e Bametic3�l Intae�t fn the Bonower.It oll or nny part of tho property or nny Interost fn it is sold or tronsforrad �
<br /> wtthout Lendcr's prlor written consant, Lender may domand fmmediate paymont of the sacurad dobt. Lender may otso domand immodiata � '
<br /> poymont if tha Borrowor fs not a nnturnl pnrson And o bonoficfai Intorost In tho Borrowor is sotd or tro�slarrod. Howovor, LondQr may noc �
<br /> • demand paymant In the nbovo altuntlon�if It fa proAibitod by tedoral law es of tho dato of this daad of truat.
<br /> 20.Raconv�yanC�. When tM obllgaUon aocurad by this doed of Vust has boon pafd end Landor hns no turthor obliflotion to mako advnncos � ��
<br /> under the InsVUmente or 6gmamente aocurod by thb doud of aust,tho Trustee shalf upon�vrfttun rnquo�t by tho Landor, roconvoy tho trust • �
<br /> property.The Lander shall tleltver to the @orrowar, or to[iorrowar's 6uccsssor in Intoroat,tho trust dcad and the nota or othor ovtdonco of tho +.�
<br /> s. abligetton so eatletiad.Botrower shali pay ony racordation costs. _ =..�
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<br /> . 11. 5uecaaw Yrustse. Lendar, et Lender's o�tfon, may romovo Trustoo and appoint o succossor trustao by first, maiting o copy of tho �
<br /> substitutlon of trustae o9 required by epplicabla_tw,ond thon,by filing iho nubstitutton of truetuo tor rocord in tho offico ot tho ropis*ar of doads
<br /> o}each county in which tho t►ust�oporty,ori�omaAart treraof,is situnt�d.Tho succossor trusteo,without convoynnco of tho proporty,shall
<br /> succeed to oil the power,dut!os,authority end tklo Qf thu Tru�too nnmod in tho dood ot trust ond of any succossor trustoo. ,
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