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<br /> .�.Y. ' �, `' . . , 5. It tha @otrovtcr 4aits to: (a)maintain arpaY tho pramiums for�the rt3quirad irv3urance of the Proporty.or tDl Pay t�as betora delinc�uorn.a . ;�..g:��
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<br /> (fl}pay�y�ncurtt duo undor a pdor mortgaga or mist dood botore delinqu�nt,or(d)mai+�tain ths Pro�eKy in gaad ropa3r,or te)pertom► =� '
<br /> ' � a; ' �sy of tRa covenants or agreomonYS of this T�ust Dood,thon tho Lertdec may.At Fte option,p8y sucb insuranee promium9r taxes.mcrt9ago. 1..` ,• �• ,�`; .
<br />'` � ' pr trttst dead puymonts.or makb repaira flnd d�isbursn sach sums eni take such acttan as it Ectams neces�arY to protect its interast withaut :;_ � ,r,;��`
<br /> � � w�iving or aNaetEag ite dght to dedato or detattit etgf eaCOtarate tAedabt sneurad hereby bocause ot OfsY suefi faiture of Me Hottowe�. any .-,,:••-�_
<br /> � �� ,�, mnountssodsbur3adEytfiolonderahallconstiwteadd'itionrJlnQebteQflossotthoBorrowars¢curee�yWsTrustDeedandsha:Ibearinterest _ _
<br /> ��',�. � . . , iromahe datc of dis�ursemant at tha rato Qayaftta undor tho Roto. (Vothi�corRalnad in this paragraph sNal!require tholondorto make anit • ': . „_
<br /> wch dfsbnrscments or take emr action whatsaever. . ¢ --
<br /> `
<br /> - - - 8. Tho Lendor msy make or causo to 6o made reasona�te antrios upon ertd irtspacdon of the Prope►ty. . . � . -__
<br /> ` � � 7, Tho procnads of any award or ctaim tor damages,dicect ot consequenUaf,in connoction witA a�candomnation or other ialcing of the =-
<br /> ' � � Proporty,or psut thereot,or for comreYanca in iiau ot condomnation,aro heraby asstgned and sha)1 bep�dto the i.entterto tl�ste�Rent of tAS t ,. -
<br /> • full amou�t of tfia temaining unpaid irtdebtednese secure4�y this Trust Deed. , , � • 4 �
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<br /> `�� ' If tho Praparty is abandoned by the Bortov+e,or,if after novca bV the Lendes to tha Borrowor that ttso condemnor offers to matce an award _ -
<br /> or sottlo a ctaim far�Jamagas,thv Bnsrorrer taits to respond to the tendar vrithin 30 days aftar tha date such Rotice is m�led,the I.en�er ' . .=_
<br /> � � � is authodaed io cofleet and appty tha proceeds to tho sums secuted by this Trust Deed. _ � : ..� �;_
<br /> . I � ` J.t.i,.�-����-
<br /> • � ' Condamrtation proaeeds or awards shaU be cre�ted to the tast rrtaturing it►stalhnerrts of tho irtdebtadnese secured artd shaJ not extend or �::.;s�:,:,.��,. ,
<br /> � �..� , ,
<br /> � postpone tfia dua date ot the installrrtents reteaed to ia paragraph t horeof or change the amount of Sueh instatlments. `
<br /> : ,_ . ; �
<br /> ' `- � g. If the Lender issues a partiaf reteasa of thts Trust doed,ttie proeeed9 recoived tRerefor shall te aeditra3 to the last mawring in s t a ltments o f „�, , __
<br /> . . , . ,,..r.,-...
<br /> " � ttee indebtedness secured hareby. � - __.__ . s��_
<br /> . x-' -
<br /> ' ` ' g, IftAeLondereithervotuntarityoriovauntarity6acomesapartyltoanysuitorlegatproceedingretatingtotheRroperty,NoteorthisTicustDead. . �%-��;;yy;,_
<br /> ' � then the @orrawervri0 roimhurse the iender for a11 cosis artd,to the axtent pertnitted by law,►easona6ie attomeys'fee9 inciu�d by tAe = °�f---
<br /> � • � � LenQer relating to sueh suit or 1ega1 proceeAings end said swns shall eonstitute additional indabtedness secu�ed by this Trust Oeed�d bear • _� -
<br /> � � • interest at the rate payable wiQer tho Note,unUl paid. • '`` .
<br /> ��� • -�, .. ' - ::,. - -
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<br /> �`�'-- ---'-- "' "-""10.-""""As aafditEonai'sacurity;the-Hotrowerdaes fieroby essign,transferand sat-over.to�he lender,io case.of detatAt.in'd?e_Perfortnance of an ' � - ° r-
<br /> -� --....._ . .�= -. .
<br /> .4 " ,'� � of the tartns or eonditions of this Trust Oeed,[he Note or the terms of amr indobtedness soaured hereby,ail of the re:tta,revenue9 and any � � ;.p�,,
<br /> • income of any typo whatsoaver to he derfved from the Proparty,including land contract paymants. The Lendar,in�rson,by agent oa by f � . �,'�:,�-=
<br /> � ' recaiver.wtthout regard to the solvency or insoivency of the Borrower ot the vaJue of the Proparry,shati be enri:�¢o take possessian of. �' - _—
<br /> 1�� � , � . repair,ront and managa tha Properry and to collect the rertts,revenues and income therefrom and it rrtay pay aus cf said income�1 e�ensea , y ��`
<br /> . of repair and costa incuned in ren6ng end managing tAo Ptoperty and cotteating renis and fpr pa,:r.°nt ot��-uance premiums witM any � -
<br /> � - - - - - � - remaining bafanceto bo applied to the last maturing paymonts ot tho de6t secured hereby. Upon QrEr_rting a c�py of this.Tru�OaeJ and _ . , 'c'"
<br /> , dem�nd to any tessee,tenant or conVact purchasor of the Piroporry,suah persen shail pay ail reMs,paymerrts and profits accnied ur :
<br /> � , • thereahar aecruing to the Lendor unUl further nouce trom the Lender. . '
<br /> - " � • . 17. It ali or any paR of the Properry o�anV interost therein is deeded,se:siy 6y��8 c7rrtract or oLRerwise comreyad,aiienated or turtt�er
<br /> � �-•-- - - � � • ' ancum6ered eithor voturrtarity or involuntarily withaut the Lenders pnc..r written coasent,exciudrry G+l a transTet by operation of(aav upon � .
<br /> � • � tho death of a joint tenant or(b)the grant of any leasehotd intorest not containTng an option to purchase with a lease term of two years or '�� �= •
<br /> . ' � lese,or(o)tha creation ot the purchase money sacurity interest in houaefiold appfiances,then tAe Lendermay,at ita option,docfare a11 sums .' � °
<br /> � • . . . _ secured by this Trust Deed to be immodiatoly due and payable. • ��� �
<br /> � 12 Upon the 8orso�nrets breacA of any covanant or agwement of tha Borrower in this Trust Deed,inoluding the covena.:�w pay whendue any : •.�� • _
<br /> � � � sums socurod by this Trust Dond,tha Londer,at its opUon,may declaro ail of tha sum9 sacured by thia Ttust Deed to ba immediataly dua .
<br /> � ' and payable without further demand and may imoke tho powo►of sate andlor a�y other romedias pomdtto0 by applieabta!aw inc{udia�g the - �.�..>k�, �--�-�:-
<br /> • � right to foroc�ose thia Trust Doed in the manner provided by law for the foreciosura of morcc�ges on real estate. The Lendor sh�l be entitled : �y�
<br /> � � � . to coltect all roasonabte costs and expenses incurred in pursuing such remedies including,iwi not limited to,and to tho extent permitted by -�
<br /> � . . • law,reasonable attornays'fees. � '� � �
<br /> � '�' .
<br /> �- If tho power of salo is imiaked,tho trustoe shatl record a notico of default in eaah county io whioh tha Propor[y or some paR theroof is Iooatad � : �,, ••� �
<br /> • ' • • and provide notico thareof in Mo ma�nor prascribed by eppliaabte law. Aftor tfio lapso of euch tlme as may be required by appfrcabte Iaw, . , 3;� 1�=Y
<br /> - " 'the 7rusteo sha11 givo pablio novco of aaio to tho persons and in tha mannor proscdbad by appllcaLte law. The Tmsteo,or tfin attornay tor ' '' ` " '�'�
<br /> � �. ;, ,< • • the T�ustee,without demand on tho Bottower,ahatl sell tho Property at pubtio auntton to the highest biddar at the time and place and undor f '+'�
<br /> , , ., the tertnsdesignated in t ho no t tce o f s a le Inons or more parcels and in such order as the 7rustee ma y datamilne. TAe TrusLeo may po�one 'y�'�*�,,�
<br /> � sate of atl or eny pazcol ot thu Property by publio announcement et the Gme and placo of any previously schodulad salo. The Lender or the , �
<br />� ' � �� . - " Londer's designee may purchase tAe Properry at any safv. .
<br /> ,. . . .. ��9
<br /> ' ��� • Upon recalpt of paymont of tha prica bid,the Trusree ehatl delivor to tho putchaset a Tcusteo's Deed,without�aananty,conveying the ' ' �
<br /> E - • Ptoperty sold. 7ha rcoitals in tho Trostoo'a Ouad sAa11 be pdma tacieevidanao of tho ttuth of the atatemants made t:�erein. The Trusteo sholl � �
<br />`� � . appty tho proceeds of tho salo in tho totlowing order. (a)to all rensonable costa and oxponsoa oi thu sate,incfuding.but not limitod to,tM ' , �'
<br /> • . Trusie9's fees ot not moro than 9500.00 ptus.5%of tho amount socured heroby and romaioing sn�zeid,and costs of titlo ovidenco:(bl to ;e�.. � �`
<br /> ' � . •-� all sumE socured by this Trust Ooed;end(cl tho excess,if any,to the person or persons legally ort�Ucd theroto. • •_ i'
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<br /> -� . . t 3. Any forbaarooce Cy tho Londer in oxereising any rg4¢or romody hereundur,or othorwiso aHorded�/epptieable[aw,sha11 not ba a waivor ' . , �
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<br /> ' - � � , of or pracludo tha oxarcise oi any s.�ch right or remedy in the overet ot contlnuing o�tuturo breacites by the Botrowor. .
<br /> ��" �� • 14. All�omadios providad in this Trust Dood are disUnct and cumulative to any othar right or romedy uadet thla Trust�eed or aHordad by law � � .
<br /> � ! ' or oquity,and may be oxorcised concunonUy,indopondonUy or suceosaivoty. �
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<br /> • � .' 75. Upon paymant of al1 sums aocured by thts Trust Ooed,tho Lender shs11 requost tho truatae to raconvey tho Properr►and shall surrender tNs
<br /> y� . �, � • _ , Trust Oaad and a11 noa+s ovidencing indebtadnoss aoeurad by tNs Trust Oaed w theTrustes.Tho Trosteeshall reconvoy the Property without • ,�
<br /> 's . war►anty to tho por�on or porson9 togalty entiUed tharoto. Such person or parsons shall pay all costa of recordation,if any. �
<br /> . �:. . .
<br /> .�� :}�: � • _ . 18. TAs lortdor,et tho Landa►'s option,may fwm timo to time romava thu Ttu9tee and eppoint e sueeessot Trustoe to any Trustee appointed
<br /> ' �araundot Dy an I�strumaa:roaordod In the County in r�hlch thl9 Trust Ooad i9 tecorded. Without comroyartco of tAe Property,tho suecossor
<br /> .�f•`. `�_ ' ': TnistaA she11 succoad to eIl title,power ana dutios conterred upon the Trustea herein and by apA6cabla 18v�.
<br /> :. �i.� , . 17. Exaept for any noUcas,damands,rnquoata or othor commuNcations roQuired undor�ptical�lo law to bo givon in anothor mannor,whanover ;w
<br /> tho Londo�,tho Borrower or tho Trustao give9 or aorvos any notico Gnctuding, without limitotion, notice of dotautt and notico of sato).
<br /> � . � domands,raquest9 or othor communtcation with tospect to this Trust Oead,oacfi sucfi notico,domand,roquost or othet communication sh�l • „
<br />- � � bo in v+riting and sha11 bo oftoctive oNy it tho samo is Cotivorod by porsonttt sorvice ar mailad by cofitied muil,postago preptud,�otum recoiAt ''
<br /> roQuost�ad,addrossed to the uddtoss sot forth at tAo baginning ot this Tntst Oond.A copy of any notice otAo}auft,any notico of sate,roqmrod
<br /> • � or pomdtrod to bo givan hsrcunder,shail be mailod to oaah poraon v�no is o party Aotoco at tho addrass sotfortb ot tho bo3inNng o!ehis Trust
<br /> `':'�. . . _ • • Oacd. Any party may at eny tirtio chango its addross tot such noUcos Dy doiivering or mailing to tho othor partios tAoreto,os atorosaid,a
<br /> notico of sucA chango. Any notica haraunder shafl bo docmcd to havo boon givon to tho Borrower o�tho londor,vihon givon in tho mannar
<br /> , 6osignatcd horcin. � �
<br /> = . . �, 18. Tho covenants and egrooments harein containad shatl bin0, and tho ngAts horoundee shal) inure to tho respoctivo hcir9, porsonat -
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