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<br /> '�''' '.`,,<.`'" .. . 8. Bor�oxyar sh�Sl kaep tha Praporty in gocd repalr pnd shafl nqt eommiL waste or pertnit impmrmont or dotorioratio�of ths PropertV. ��.
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<br /> � �c . ,, , 7.It tho Bartoww fats w:a)maintain or pay tho psetnitinss fotlho toquired insutance af tho Ptoparty.or b}paY'taxos before delin�ueM,or t)Oay arcY � --a� `o r `-
<br /> --�;..� 8mount Qu8 ttr.der a ptior tr�Ottg�3�or irust d�ed a4ftnrd delisquant,or A}ry�nlntain tf�e Property in.good repair,or o)perfvrm anY o!tha co3ron�ttts or ' '�; � L�F"
<br /> " �°,� '� ' � �°. • egreemants ot this Yrus!Oo¢b,then Lnndor may at ite optioq pay sucb erssuYanco premiums,taxos,mortgaqe or trust Qead paymants,o►make�epairs � - , �` : �
<br /> �,.,.'. � ' `-,`.�. and disbuteo suCh sums and take such aetion as it deams�t�ossarY to protec[ita interesE rriNout wahting m affecting its rigAt to daclare er defauit s�• �� � 'f. '
<br /> '_<<�f.;:.,:uy �; �,: . end eccelarate the debt secured hereby becausa of any sucfi failura ot the Qorrmver. A�y amounts so dis6ursad by the tendor stu!com�wtR .. � z��, ' •
<br /> � �tionai indebtedness of Borrowar seaurad by this 7ncsi OoeQ and sha118ear intores[from tha dato of d1sLu�soment at the rate payabte under tho �Z�-'�
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<br /> - ,���x� `� . Nou. l�tottilng aontained in this paragrapfi sAat!requiro Lar.dar to make arry suct�disbursements or taka any action whatsoever. . . •r. s ,"=.;t�`.--
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<br /> � , `� ��! 8. Lendor rrtay maka or cause to be mado eoason�te entNeaupan and inspect4on ot th3 Property. ° `..'� ` :.
<br /> - � ,. �• `9. The ptoceeds of ac.y award or clarm far damagea,d,rect ar consa�eentiai,in connoction with arry condamnatIon or othes taEing ot the Property, ' ; � �;
<br /> - �' { - - or part thereof,or for eonveyance in Geu of condemnaffon,are hereby assigned and shaA 6a paid m Londar to the extarrt of tho fu11 amoum af the _
<br /> ' remaining unpaid i�debtedaess securad by this Tnut Oead. :
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<br /> : � ff tn.Nropacty is abandoned by Eotm;l�s,or if,after notiee by lender to Boaotivar that the condr�ttttsir-..ffars to maka an award or settla a claim tor '
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<br /> ' `''" '� "' � 0 3st�dar within 30 d s after che data sucfi notiee is mailed,�is as�tharired to callect and aypiy tho proceeds ,
<br /> �:�.� ��.,.-- dam2g..s.Bonowerfa8lsto r��a.aztfs`�:. a!I
<br /> - t� � hs tiri�"c�c��.r:''S'ril�T.r�:,.3-• a- - - - - - — -- - -- . - . - - ---- - `!rif 1
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<br /> ,�,�,,,,:'�. ' Cond:snnauon.prnce�o or awanis shaJi Iso credited to the tas�maturing ic�statlments of the indabtoQnesa sacurod and shatl not excead ar pastpono � � , ,.��,.�.�;t ;
<br />�- ��'' � •s, thg dua daRS of t3�e instafirnents�efeaod to in paregraphs 1 artd 4 hereof or change the amount of suob'inSTattments. � :�i#"g'_.'�-�
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<br /> '`�'�""''^";.`�:'''y' 70. it the Lnndor issues a parti�t re!gase ot this Tmst Dood,the proeeeds roeeived theretot sh2lS jrq ereditod to tho last matttring installments o4 thC flt : ,� „`
<br /> s r�" ' indebtcdnoss secured here4y � ;�• =,��.-
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<br /> �" � t t. tf Londer citrier vo:untarity or mvolunranly becomoe�parry to any suit or logal psoceadinfl retating to cho Proporty.Note arthis trust Dacd,thon �� ��`•' ���+;--_
<br /> ' �''�� � Barrowor wi11 raimburso tho Ccndor tor at!costs and,to tAa oxtont portnittad pY Iaw,roasonabto attotnoY tao9 intur�ed by tho Landa►rnlating to su�t ,
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<br /> � .`• . � • or Wpa!ptmcaodiaQo and�aid sums shaf!eonstitute udd�tionalindabtadnoss socured Dy th�s Trust paad andboar intowst at tho rato p�yaDlo undathe , _" �:xsf_�:.-
<br /> _"e V"�,:,�." IYoto.until pmd. , "�-
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<br /> : �- ��: • f 2. As adR�tionat aocurity Barrovoar dooa horohy assipn,transtor and eoi ovar to Londor,in caso nf dotault in tho podormanao ot eny of Ms tanns ot ��� �.
<br /> f,.,_,_, „��,,_ aoMivar�of thia Trust ecct0.tho Nota,or tho term9 ot any inQoOtadnoss aoeurad horoby,aft of Mo ront�,revonuas and an�incomn ot any hrpe ,,, „�s,� �-
<br /> ; - whatcaavor to�o donvod from tho Prpporty,inetumnp lnnd consract paymante. londor,in porsun,by agent o�by roeaivor,vritfiout ragard to tho �'"-`�:'.=-�,.�. __
<br /> • .,�`� • coNancy o�inaolvancy of tAo Bor�owar ar the value of tho Proporty,ah�Il Do entitled to tako posseusinn of,rap�ir,ront and manago tAo VroporiY and �.r�°=''=_
<br /> :+ ` to collact tha ronts,ravonuos and mcomb tAorofram artd it may pay out ot eald i�camo atl exponsos ot rap�ir and aosta�ncurred in ranun�aad managing •' ,_�;;��
<br /> , � " ', ,.:,�. ` tho ProAarty und coltactirtg rontats and for paymont o1 inswonco promiums w�th any romaining Datanca to bo appticA to tho last matudng�aymants `.: ,� .; _ :
<br /> • ot the debt securvd hereby. Upon prasantmp a copy af thi9 Trust Oood artd Qamand to any lessee,tanant or cantract purchasor o11hb Vropotty,sucb :r.
<br /> _, " pQBa�sha11 qay aft rents,payments artd profiis acc�uod�r thoroahor aecNing to tho Londer until tucthor nouco fram tAo Londar. •, `'• ��+`f
<br /> � 1; 13. If allar any part of thp Proparty or any intorest tAoroin is doeded,sotd Gy�and contract ur othorwise coiiveyed,�oriet�or�her enddm ored — � s
<br /> 5{�.� • eithet votuntarity or involuntari(Y withaut landora prior writton eonsant,ur if the Trustor is a corporation and there is a change in ov�nership of 50% ' , �"_ '
<br /> ' � • or more oi the corparation's etock,or i!the Trustor is a partnorahip and there is a change in ths membership or a d�ssoluGon.of tho partnersNp, � �:. '
<br /> � . ` e=cluding(a1 a transfer by operation of law upon tfio daatA ot a joint tenani or(b1 tho grant of any teasahotd interest not eontaining an opUOn to � � �"'
<br /> • • , pnrchase with a tease tertn of two yoa►s ar tess,or(c)tho creation of the purchasa money securicy interost in household apptiancas,then LeaQor may, ��='t�T r•`'`�;==r�`
<br /> � � at its opdon,dedare all sums securod by this Trust Deed to bo immediately due and payable. In tho event the Lender consents to arry sucA change �.����s%��':�.��;' � -
<br /> • . � • in awnersfiip,co�trol or dissolution or transtar ot atl or any part of the Property.then Lender may at ita opuon adjust the iMe:est rote to the prevailing •''+�' �� ���a�" �'
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<br /> . rata of intero3t that is charge0 on now soeured(oans of the type socuted by this Trust Deed at the time of tho change in ewnership,control,dissolution ,!��� .•., , .
<br /> • • of VanSfer and may charge a transfar tee. 'r•�" � � �
<br /> ., :�}�n� '
<br /> � 14.U on Bonowets broach of an covenant or a reemont of Borrower in thb Trust Doad,Inc(udin the covenants to a wAen due an wms socuced L��`� �r�� `
<br /> P Y B 9 P Y Y �:�:, .. �h.� .
<br /> _,c- .. by this Trust Deed,tendor at its option may Gedate all of the sums eucured by this Trust Oeed to 6e immediata[y due and payable without further '' • ,. �•'
<br /> . . domartd and may imroke tho powet of sate andlor�y other remoAies pertnitted by appticabl9law inctuding the right to faraclosa this Trust Oeed in ' �'°r ,+
<br />",:f� . � �• tho mannor pravided by Caw tor the toroelosure cf.'mortgagos on real estate. Lender shall be entitted to collect all reasonable costs am'f experses �`'�• ..� : �!_ -_
<br /> '^r incurred in purswng such remeCissi.?.�ading.Cct-r.ot Imited to,and to the exient permitted by law,roasonable attornay feas. �e.:' •..'.ti�Ji`
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<br /> t�, '1'#��(�j;�. �r.. tf tho povrer of sato is imro�Ced,Truste•e si►atl re�::rd�notice of dafault in each county in which the Proporty or soma part thoreof is tocated and provide �i%jt�„�.,,;'� :y�
<br /> _ 'j notice thereof in tho manner proscdbed by apt��t.e lew. After tha lapsri of such time as may�C2 r:4uired by app�icablo law,Trustoe shall give public � �4,
<br />�;�j. � • ', `�� notica af eate to the C�ons and io tho manner prsxcribad by applicabte law. Trostoo,or tho attamey tor the Tristoo,without domand on Borrowar, �4,:,.,,,�., ,:�,, ••�
<br /> a�+ � � .'; � shall soli tAo Proporty a:pubtio auction to the h' ��st bidder at the time and lace and under tho terms des� ��:-ui ri the notice ot sale in one or more ''�r!•" r
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<br />- parcels and in such ordor as Trustee may dotcmi�ne. Trustoo may postpone sate of all or any parcol of the Propqrty by pubtio announcbmenc at tho '-��'41�;,.�,
<br /> ' tima and placo of any proviously sahodutod sale. Lendor or Londat's Qosignoo may purchase the proporty at any sate. <#�K�" • �
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<br /> , � �'. UDon rccoipt of paymont of tho pnce bid,Trusteo shall delivar to the purchasor a Tncstoa's Deed,without warranty,conveyi:�u:2Propotty sold.The �f.�.� �•., _
<br /> recitats in tho Trustoe's DoeA ahall bo prima facio avidanca of tha truth of tho stat�^-�ents made thetein. Trustea shall supply c`�a proceeds of tho sata ' � �`�; �
<br /> - . � �!.� in ths folloviing order. a1 to all roasonablo costs assd oxponsos of the sale,incluG.-r,but not limited to,Trustee's feea of not more than Five H�r�Gred �� , _ • .
<br />=� � an0 No/100(850U.00:f•?us 1/2 of 1%of the amount socured hoteby and romair..:��unpaid,and costs of title evidence:bl to all sums sacured ty this
<br />±��� � Trust Docd;anA c)tP.o¢,�:r��.•`an ,to the orson or ersons lo �' �
<br /> ; y p p galty entiUod theroto. �i�,
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<br /> ' `"'" 15. Any forboaranco�-f kc:'�Cer'a�oxorcistng any right or romody horaundor,or otherwisa affordod by applicablo law,sha0 oot be a waiver of or �;�����a, '
<br />"tr � ' prectude the oxercise c'any sacn•right or romeQy in the ovenc of continuing er fumre broaches by the Banower. ��%f��f• '
<br /> " �. f.';S :'.
<br />;%f: � � � 18.Aq romedios eics,ti:ed in this Tnist Oocd nre distinat ahd cumutative to any other right or remedy under ihis Trust Oend or afforded by law or equity, _
<br /> ° � �� � ` andmay 60 oxerc���.ancurrontty,indapendantty ar successivety.I/0orrow9r has given Lender a chattel mortgage,or security agraement on personal '-`�:�' .
<br /> .�e, . � • property as addiUOnai socurity for thu dobt securod herehy,in the ovont of default Aoroundor or thoroondor,Lendor shall havo the riDfit an�optwn to �a� '
<br /> �:.
<br /> � '�* first toracloso on sa'd orsonal ro e r+ithout re udice to ifs r1 ht to theroaftar soll or foroetose tho Vro en or to ursue�;�securi at the same �,�r`,
<br /> G P P ►h� P 1 8 R Y P N ):r.:;
<br />' +� `r• �� ° Ume of to pursuo tho porsana)propoRy aftor tho sale or foruclosuro of the Proporry. `� • �
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<br /> .«�r,',�,�'..':��'.;4 17. Upon payment of ell sums securod by this Trust Oaed,Lsndor sha11 request Truatau ta recanvay tho P�oyorty and shall surrendo�this Trost Deed . � -
<br />- , ., �.'�]' and all noto�ovldoncing indobtednos��ocurod by th�s 7rust Oaod to Trustao. Trusioo shafl roconvoy tho Proporty without warranty to thv Ferson or � . '
<br />-=.�'�°�'�.� � porscn�togalty ontitted thoroto. Suoh porson or po�son9 shN1 pay all coat9 of rocordoUon,if any.
<br /> • ;,,« . .
<br /> �'1 � � 18. LCnQO►,at LondaPa optlon,may from Umo to t�mo ramovo Trustoo and appoint a succossor trustoo to any Trustoe appointed hereundor by an •.
<br /> ����. , � instrument rocotdad tnthe County in which this Ttu9t Dood is rocordad. Without cornoyanco of tho Proporty,tho auccossor truatao shall suocoa�J to .
<br />-��'_": � ," all Utla,powor ond dulios conforrnd upo�tho Trustoo horein and bV appllcabfe law. , •
<br /> �;��..',`.' �
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<br />-���c-,_;.`'':'�� 19.Faccept for arty noticos,aomands,roquo�ts or othor commu�ioadons requirod undo►applioablo law to bo piven in anothor mannor,whonevor Londet, . .' �
<br /> �, ' . . . BortoLrat or T►uetae givos.or sorvas nny notico lincludmg, wlthoat limltation, notice of dofeult ond notica of salel.domande, requests or othe� .
<br />_=�y,�:.•,�. �.� .; communication with rospoct to this Trost Doed,o2Ch such noticv,domand,roquost ot othCr communication shalti bo in wntmg and shall bo effecbvo �• '.
<br />=�: •�--�-. � � ,. onty if tho snme�s Qo�ivorod by porsonal sorvico o�ma��od by cortifiod mail,postago propaid,rotum rocoipt roquo9tnA,addrossod to tho addross as set . •
<br /> - forth ot tho boginning o! tho Trust Ooqd. A copy ot aay notico o}do}ault,any notieo o!salo,roquirod or pormittod to bo givon horoundoe,shall bo �
<br /> �y '�"��� � mailod to oaah porson vrho is a party harato at tho nddross sos forth at tho bo�nning of thi9 Trust Dood. Any party may at any t�me change its addrass '
<br /> _ i�. , ��� for sach noUaos by dolrvoring or mailmg to tho othot partios horoto,as aforesaid,a neNco of sucb chango. Any notico horoundor ehall bo Aoomad to , ' •
<br /> ?r . ' , havo to boon givon to Borrowcr or Londor,whon givon in thq mannor dosignatr,+�Aoruin. •
<br />�- tn. ' ' - � - • � � �
<br /> ,�� d�le,; •, .. , - , 20._Tho eovoRants and a3foerr.�.-cs hornin contair_�Cshall bind,er.d tho tights froroundar shall inuro to tho rospootivo hoira,roprosontativos,su:cessors
<br /> ' �.xi asslgns of t*o�artiea A's cNasnahts o�4 e_recm.acis of Ute Borrowoe shalt bo Joint anC sovotnl. Whonevot rotrhonco is made to the s.�3 ar ..
<br /> .c�:- t.'. . ':.?'.��. hs:emdor.iT SE:e.�',irpi�d0 tho pLrJ�rt[�.tk0 glur;J.5'!Lfl mctuda tho singular. I�i:" , � .,
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