|
��u-�=•x, ��"�rtit a - �� -- ' _= - -
<br /> _ - -- -�� �a_ `�`l�' - - --
<br /> ____° _ — --_�--�__�--�.�� _- -
<br />_v� � ' ' . . . � .
<br /> =— • ..i�����. �. � � ` ���� �.�.��� ` . . _ � �� ; � �, . a _—---__
<br /> ____ ` �.�. � �;,, . . . . . , �
<br /> - @. Borrovror sha:!kaep the Proflortl►i�Qaad rep�it andsfiatl not commtt vsTasto or pemutt impalm►snt ot Qetorioraticn ot tha.Pro�aRy. . . • , ---
<br /> - - � � 7. it 4'te 8oao�srer t�7s to:eY m�nt�is�ae pay tha P�++��tor tfia requ3red,insurar►ce of the Proporey.or b16�Y taxea 6efare detsn�iaa!,or c!Pay enY �� --
<br /> amourt due under a pdot moetgago or trust d�edDetoJe d�n�ent,os El�nalt�inilta P►oIImtY in gaod r�p�r•or ai O��tm�t1101����cr ,. _ _
<br />____�'� agreamer�ts of ti�.is Trust DaeO,thao l�ndesr tnay at itc opuon pay such irtsuranco Dremium9,taxue,mortgage or�SVSt dead paY�nent�.or maka(aDaire • ., -
<br /> and dis6urse s�teA sums xrtd tt�k8 suah aation os k deem9 aaeessary to protoct its iMarogt w:thauY vr8'sving or affaoting i43 rtght tb dactare ar de19ult,
<br /> ' and acceterato tho dabs sooared hcreDy Daaause of any such ta(turo�of tDe B'osrawar. Any amounts so disQu�sad by the Lnndec shall canstituta .
<br /> ---�- su3�Batt�Indebtcdrtt.�s ot Sorrower securcd 6y this Trtut Dead and sAa11 bear interest from tlfe dato of dis�ursarttent at tha rotg payaDte under thd .
<br />_��`� N9t0. KotAtng comainad in this paragrdyh sha0 tsquiro LsnQerto mat�ami sueh disbursements or take arly aatlow whaisoe�er. ' _ _------------
<br /> 8. I.ender may d�1ea ot causo ta ba made roasonahto enttiea upon�and irespecticn o!tho Property. �
<br /> �'_� 8. Ttss Qmceeds of any awacd or ctaim for damagest dirsat or corr�equentia�,in conneafion v+ith any conQemn.'tiass or ot4sar tdi�ing of No Propetty. ���. -_ __
<br /> = or part tl�eraof.or fot conveyance irt fieu df eortdemnadan.are l�ereis7t�9��$fi���ta tendst.to ths excent of the ful#amau�t of ths __ "�'- _ ,
<br /> �� ��d -- --
<br /> remaiesing ur��d indabtadness securod 6y this Tn+st Oaed. ��*
<br /> -,��. If th4 ProDertN�$abaadoned by Bonowor,or if,after notice by lender to Bortawer tAat tfie condamnot offers to mate an avratd or settie a elaim fo►
<br /> C F:iY.x""�=�
<br /> ---e damages,6nnorrorfailstotasDondtolenderwithin30daysaftarthodatosucnnoticeismailad,landerisauthoriacdteco!lectarsdappiytluPracecds Y__ -
<br /> -;.-; , to the suma sowred by this Trust Deed. " . � __—_�___
<br /> ��"� Condemnavon proaoede or awards shaii be credited to the last macurirtg insteitrneerts of tho indehtedness searred and shall nat ezcaad or pos�one =___- - _
<br /> -= tho di+e date of cho instaltmertts referred to in paragtapha 1 and 4 hereof or chango the�nount of such t�staltments. ___
<br /> j �� '1 Q. It the lender issnas a pac6al rafeasa of i�is 7rust�e�d.tho proaeede reeeivad thsca:or sha11 he eredit3d to the I.:s��aturie9lnstallmnnts af the �r;:_i__ _____
<br /> _�__ �Rabtodns�s sacured 6araby. . . � . "==_--
<br /> s
<br /> --_Ya , , {;.�._.��
<br />-=_-_- 11. tt L�et6et either volurtarity or invofuntarily beeomos a paRy tn artY s�eit or legal proceeding relating to.ffie Property,Noie or this T�st Bead,thon �,�.-���-•--
<br /> � Bortawes ar�l ceimburso the Len4er for a1l costa end,to tha extont pertnitted bjr lativ,reasonaBte attomay taes incurted by tha Lender�etaring to�uit '�2�==
<br /> --_�?� at Ie$a!Droceadincrs and said sums sh�t constitute add'iu'onal indebtedr.3ss secured by this Trust Deed and bear interest attke rate payab{e undar tho -,:._=;:-.s—
<br /> =-� tSlata,usrtil pEi�. ' .-=--- _--
<br />_:��� • � �
<br /> - 12. As edffitionat seeu�ty Bonower doea heraby assign,transtar ar:d s;x�9rYa Le�is:in case ot dnfauit in the pedaar.anca of anY of ths terms ot ` 6�-. _____
<br /> - � condiuorts af this Truat Deed,tAe Note,or the tertns of any indebtr'.�sr�sec�Yced iieFeDy,e!1 af tho rerRS.revenuea and any inccnra af any type k�����
<br /> ;� whatsoaver to 6o Qorivad ham the PiropertY,indnding land contrz��ps,.r.:i�ts. Lsnder,tn person,by agent or 4yrecetver,wi�iAa�regard to the �������` _
<br /> soMeney ar irtsolveney of tho Borrower or the vatao of tha Property,st�l�?ehtitted.to take possessian ot,reyait,renf end managv_tjue Ptnperty and �i•�y�4 ____
<br />�J� ta coAect the rents,revertuss and irtcortse therefram aod it may pay out of 9aid incor�se�f rtaaponses of repair end costsincurreBin re(tting aRd managittig � �
<br /> the Praperty and coSlecting remals and for payrtsent of insurance pramiums with�rsF"n?:�ining bafance to de appfie7.�t�'thq last inaturing paYmonts �t r��
<br /> n�',� of the aeDt secured hereby. Upon presonting a copy of this Ttust Oeed and demand Q3 r¢�y lessae,tena4t or contra�t�:1�,aser of tha Property,sucb ;'-4f.'.,`�""°��'�`�""'
<br /> - person shat pay all�ents,payments anA prafits accrueA or theraafter accruing to tha tender urrtil furd�ac notice f�Cr^rJ;�i.ender: , �'�
<br /> . . ��. . .. - ,y��''�� y y
<br /> - 13. lf c�or�any part ot the Property or any i�etest thsrein is Qeeded,sotd by land contra�or otharvrise copveyed,ai�n8[od or fsui�:�encumbeced ���. �A
<br /> i _
<br />_- either e�'N�tarity or imrotuotarily without Lerede�s prior written consent,or if the Trustor is a corporation end there is.a:hahge in.C•r�r•*•r`,rshiP of 50�b .�,,�-_ ',',�,:
<br /> y��J '' or more oE tAe carporation's stock,or if the Tastor is�partnership artd there is a chango in tho membersNp ot a�rii.�aS�ation o'P c'�..�partnership, �..;•, ,�,
<br /> � '� ''` exch�di�g(a3 a aansfer by oporadon o!taw upon tbe dest.�of a Joim cenam or t61 the graM of any leasehotd int;c*a�+^ot co,�-ting art option to � ;�c., N 1c
<br /> �5� �;,��' purchase wltb a tease tertn of rivo yoars m less,or tc1 tl:o c�a2tiect ct�purchasa maney seeurity interoat ln Aousehadi�a(�.ca*��,�ren Lender may, .;��� si�,.:
<br />- _ at its np��.deolare atl sums socurod by this Trust Daed to�bA 7:idrraJe�y Quo and payable. In tha event the i.endir,�a.r�x}`o adG.puch chaoga , � ;
<br /> _'�'� in�owna 1aati,,controt or dissotution or trensfer o!atl or any part of:�Pr.�perty,then Lendar may at its option adjust th�rtrt�resr.�}:<•t�re Qrevailing Y�,= `��:�
<br /> j rate ot ircie�vst that ia cnarged on new socured toans oi the typo eacurud py this Trust Deod at tho dmo ot the chang9 in awnarsfiip,c.+:�::�,diasolution - Q :
<br /> ��,.� of transter and may charQe a transfer fao. ,�,.; � ,�tc', ;t: (q.
<br />- �.� � � �, f ' � �`�.
<br />���_� 14. Upan 6ortowor's broacb of any covenartt or agreomoM of 6otrower inthi�Truat 0eod.Inctuding tho covenants to Cay v+twn du0 e�Y sum9 socute�+• � ?� �[ r ;+i
<br /> DY this Trust OeeO,lendar At its optian may Aeclare all of tfie sums socurod by this Truat Dued to be immediat0ly�_a end payabte without furtAer :��+�`°
<br /> ��+� � _- -��
<br /> Qemand and maY i�rio�e tha povrer of sale andlor any othar remedios pertnittad by applicablo Iaw including the dgRi to foroelose tnis Tnist Oeed in
<br />��� tta mannor proviQed by taw for tho toreclosure of mortgages on real estate. Lende►shall be antitted to coltoot a11 reaaona6te costb and expenses - . �_
<br /> �•�•�;��� ineurr0d in pursuing such remedies inctudi�g,but not limited to,oad to tt�o extont permittod by Iaw,reasona6le attomay feos. .�:�.:;.- �-
<br /> N the power of sale is invoked.Trustoo shall racord a notico of Qefau(t in eaah county in whieh the Proparty or somo part theraof is locatad and provida ���s:
<br /> ���� ,� .
<br />_=m_� notico theraof in tho mannet proscri6ad by eapliesDto law. Afte�the lapso 01 such tlme as may be�eauirad by apptio2'�e tav�,Trustae ahall give pubtic .? " ,.,�;��_;^__.
<br /> A nouce of aato to tha persons and in tho mannor presGribed by applicabte Iayi. Tnrstos,or tho atto�ney tor the Trostac�.�rrlithout damand on 8orrowe�, ��. w r,�
<br /> `"a ahatl sc'}N�a Proparty at publio suotion to tho Hghoat bidder at tha tima and place and uRdar tho torms dasignated in tFd�otice ot salo in ona or more
<br /> '.:�����!-`.{�•
<br /> :� parcels�u�:!Ict saoh ordor a9 Tnistoe rt+ay dntormine. Trusteo may posf�one safe of alf o�any parcel of the Proporty by pu6fic anK�i.r}ceme.�t at the �:, :;,*;��_��-
<br /> tlms ari��:l��r:o o!any prevlousty scheduted sa►o. Lander or LcrndaYs deslgr.ee may purchase tho proDerty at any sato. �: , - ��:�, "`�"�°
<br /> ��: Upon rocoipt of paymont ofi�tho pdco bid,Trusteo shatl deliver to the purchasor a TrUstoa's Oaed,without viarranty,cor�ropag the.PrOperty sotd. Tir'
<br /> � �E;�ir�
<br />;�=h� �acitats in tho Trustoe's11u�d shalt ba prima tacio evldonca of the uuth o1 tha statoments madu tAerein. Trustao shdii�:t.Dly tha procoeds of tAs:.�t� . . �'�
<br /> tnthe foUovrtng o►dor: aF 4b aU reasonabfe aosts and exponses of tho saie,including,but not timited to,Trusteo's fe�%ct aot moro than Rvo HunG:zat... , �: ��. ,::'^
<br /> � and No/1d018500.00)plus 7/2 of 19b c,�rri;s amount secured horeby er.d ramaiNng unpaid,and costs ot Gtle evldenrf;�S�o a11 sums socured by thi's � �`�4�^'°:
<br /> =�.;, Trust Ooed;pnd c1 tho excese,if any,i7�he.porsaq or porsons tegalP/.enUtleJ ffioroto. •�
<br /> .n�.
<br /> �`�-.�° � `• •:
<br />__- . 16. Any tarboarance by lartder in oxoreising any righf�or�omody Fereundor,or otAorvvlso aHorded by apptiaablv t;�+++.sAall eot bo a waiver ot or �
<br />'-�'-`�'' preclud»tha exotcise oi any such irgfit or comody in tis��evont ot continuing or futuro btoachas by the Bonowea . , , ����'��"'
<br /> _ ;,;��}"
<br />:"i,f-�'dfi . . ' . . .. �f i;�:,�
<br /> -� � 18. All ramediesprovidad in this Trust Qaad aro distinct�na cuir:ulat�iea.to any other right or romody unEor this Trust I�.eo�ror affotded by tav�or equity, . • � ,?".•�°�
<br />--���� end may bo oxercised concuROntly,indopondonUy or auccossivoty.I�B:zrower has.given lenQor a chattet mortgago,�x¢acurity agreement on porsonal .
<br /> �� proporty as oddi8onel socrrity fat tho dabt sacuwd horeby,in tho ever.:o!dofault heraundor or thoraundor,Lsrclor shall hava tha ngltt anQ option to ._,,., ••
<br />"`"'�"� . first toroclose bn sald porsona{proporty v�ithout projudico to ita dghs io the�oatior solt or totacloso tho Proporry or to pursue all securiry at the s8rne .•'��1;::-•�• . . .
<br /> -' dmo or to pursue the petSOnal praperty after tha saio ar foractosure ot tde Prop4rtY. � 't�"�'
<br /> -==n '� � �•
<br /> - � � 17. Upon p�ymant ot till sums sacurad by thls Tru�t C`r�Q.Lendet shal)requo�t Trustee to roconvoy tho DroporcY er.�d shaD aurtendet ttils Trust One�9• ' ' �
<br />:�s! and nt notot evidoncing iadobtcdnoss.�3cuwd by thla Troat Oood to Trusteo. TNStoo shall raconvay N:A Propwty wittfou!r�errenty to tho porson or ,�;�;;:_�fr.� •
<br />-= porsons 1e{�otty'antltto9 thoroto. Suah pc+son or pqraona shatl DaY at Caete of�acardation,i}arry. �;��L'E,l:�
<br /> - - �`.i;+,��..,.
<br /> ` �? 18. Landef,ot Londe�'o aptian,may t�om omo W Gma romovo Trusteo ond appoint a suceossor truatao to anV�Truateo appointod horounder by an ' �'.'` �� �
<br /> ----T- inatrumem racorded in thu Caunty fn whteh thls Truat Qeod ia raaorEad. Without conveyanco of tho Proportp,thcl•avaaassor Ltustoo aha0 succoad to ,
<br /> - • ml tiUe,power and dutias aonfarrud u�on tho Tiustoa hd�otmand by eppticablo t�w. ,
<br /> - ;� 19.F�tcoFtfaranynaticos,domands,roquest9orothotcommuNcationsroquirodunderapplioablolawtobogrvoninenothormac►nor,whenoverLonder. : '
<br />- _= 9orrowor ot Trustao givos or sarvas any notieo pnoluding, wfthout limitation,riotieo o}Qotautt nnd noUeo ot safol,domands, roquesta or othe�
<br />-_=°� communtcation a�ith rospact to thi9 Trust DooO,oach such notico,domand,requost or othar cortttnunicaUon shaJ be in writing and shall bo oftcct�vo .
<br /> on(y it tho samo is doliyorod by poisonal sonrico or muited by canitied mail,postago proy�id,roturn rocoipt roquastod,addrossud to tho addtoss as sot
<br />_;�=.�, torth at iho bog3nning ot ths Trust Ooad. A eopy ot ony natieo of default,any notieo of sato,ropuirad or parmittod to ho g�ven hareundor,shaU bo
<br /> �-,;�;;� ,mailod to oachpotson viho ls a purty hmoto at tho addreas sot fonh al tha beginning o1 this Trust Docd.Any parN may ot any ume chnngv ita addros9 ,
<br /> ---�-• tor such notico9 by,dctivaring or mailing to tho otAor partios hototo,as atarasaid,a naUca of sucfi cfiango. Any notice neteundei sh311 bo daomcd ta
<br />_'_"'-'�; havo to 6aan givon to Qorw+var or Londar,viAOO givon in tho mannor Gosignatnd htroln. �. .
<br /> _ �_���`� . 20.7ho covonants nnd agraamonta horcin eontaineA et+aU Cind,and tho righta horounQot shell inuro to tho rospcctivo heirs,roprosontaUvvs.succoasore . , �
<br /> artd assi(lns o}tho partla9. All covonants.and�groomonts of tho Borrorier shall bo joint ond sovmal. Whonovcr rotoronco ie made to tho singular
<br /> _
<br />
|