|
�.,. ... , ,,..., . ..._.,�•
<br /> , . . ,��.f;«�,::;w�.,.�..�.w..�
<br /> - '�.r � ��• ..au.�c.ca.�,,,,,....:.. • ��i,- . ,� - .
<br /> � I I� :�'� " .. . .� �.. � d •a:_v..._ • .:.C�.tS�:x'. . . • .. . fS.t^�'•_ �S�-.:
<br /> � '.:
<br /> ...i...�..r,... ' }��;�.11V��N�i*�� ��•�°�'l��n�f�... T•���i\'^'7�1'i".YAt�r . . .. _; � .r�- - � . . E Y�-�v)m I_'rfS� :� ..
<br /> M]i'.
<br /> �. ..:.'�:.+Y.L'9�l1'!r"71l����[E�W^1..�..— � "'^'• - �T ^'�^�''Y^.w�"`r+%�.a"'.^.In^1tVP�RAf��'�'!!!II�"},'R.'t.°�`x`�..����{��f�.t s _.
<br /> "'_ _._..__ .. i,�.,.....: . . __..__ .. .�e,_t._. �.. - ."" �..__.._.__.
<br /> ......._
<br /> -.....,... .��- - o.....--
<br /> --- _.. ._. . ___ . '
<br /> ���..� __... ��-'--'-----
<br /> ...-:.n�m'�"ol,�,� ` _= __-
<br /> . � . .; ��� °�.�e���� �
<br /> •�•�,•.,.�•:,,. ti. If the do�POwar tcuio[a: loi mc:intmn or pay tho prciidun�:,fu� iho roqulrcd Inaur�nco of tho Propvrly,nr Ibl P iY �ood ro(afv�or lel Iporfotm � .
<br />_ �:'..,,?.,,,,r �', (0)pny nny umaunt duo undor a priur mort4apo or truat docd bofoto dolinquont,or(dl m�lntnin tho Proparty'n p P
<br /> -__= uny of thn aavonents or r.greomonta ot thle Tniet peed,thc�n the Londer mny,nt�ta opRian,pay auch inauranco promium�,tnxoo,moitpaqo
<br /> - -_:�T:� or iruwt deed peymonte, or meko re{�alre nnd dis�uroa such sume and toko auoh aodon aa it daoma neaessary to protoct Ite intereat v�ithout
<br /> -_�"-'-__�.�,�� vinivinp ur of}eoUnp Us ri�ht ta declore or dofault nnd ouaolernta tha dobt eo�urnd horobv bnonusa of nny euch fnifuro o1 tho�orrower. Any
<br /> omount��o di�bursed by the Lender siieil oonetitute�dditlonel ir�dol�tadnoae of tlie Dorro�vor oonurud by thl�Truet Dood and ahntl boor Intorost
<br />_,.v�r,��_:_, from the date of dUbureumont at the rate payable w�dor the Noto. Nothfnp oontnlned I�thls paragroph ohall roquiro tho Londer to make any
<br /> _---_•=�' � r:nr.h dir.hw�emonte m teke nny noSon whetsoovor. •
<br /> I
<br /> __ � p, 7Ae Lendnv may moke or ceuso to be made reaeonnble ontdea upon nnd fnepec�ian of tho Praperty. � .
<br />_ -_ `�:':
<br /> --��--�°" �. The pr000ede of any nvvard or clalm f�r damagea,diroat or consequontlol, In oonnectlon with ony oondamnotion or other tnktnp of tht+
<br /> --_:,,��� Propetty,or part theroof,or for conveynnco in lieu ol condemnmion,oro hereby nesipnad and shail bo pnid to tho Londor to tho extant uf tho
<br /> ..;x�>-;;�- �: full nmount aP tl:e rnmaininp unpafd indebtadneae aacurod by thla Truat Dued.
<br />=:=,Yrtt��. .
<br /> �g.��%'���` If the Property is nbnndoned by tha 8orrowat ur,if nfter notice by the Londm to tho Borrowor thnt the condemnor offore to make nn nward
<br /> =--'�;""n � or satHe e cloim tav darnagea.the 8orrowor fnSla to rospond to the Lender within 30 daye ehcr tha dote suuh nmtca Is mapcd,tho I.ondbr
<br /> .�.� ',�'.�.:
<br /> __.�„L,y�:�� la outhoriied to ooiloot�nd opply the proaeede to the sums socured by thlo Trust Deed, : '��.�
<br /> �=�"�'�'*�`�, Condamnution pvoccods or awurds shnll bo aroditod to tho last moturfnp installmente��the indobtedrteas socurod and ohnll not oxtend or
<br /> --='"����,�°���� postpone the duo date of thn inst�liments referred to in pnragraph 1 horeof or ohunge tho nmount of suoh inst�llmente. .,
<br /> �-���'�Tib:C .
<br /> -- -��- 8. If thu Lender fssues a paniel rolenso of thio Trust Daad,tha procoada roceived thorelor shall bo araditad to the Inst maturinp installmonts of
<br /> =V'y�`Y` the indebtadness socured horeby.
<br /> - -:�.:v.�i:�.�r:r" ' ..
<br /> - -:�rti•rrir�•
<br /> F�5�-` "�� 9. If the Lander oithor voluntariSy or involunt�rily becomee o party to any auit or logal proceoding relating to tho Propony,Nota or thia Twet Doad, �
<br /> ...f=�,....��:.
<br />___���•�-� then the Borrower will ►oimburao the Londar(or oll coste nnd,to the extent permifted by low,roasonubto utrorneys'foos incurr�d by iha
<br /> '�'��}S•�r••�� Lunder rolatinp to auch suit or iogaf procnudfigs ar�sald ourr.�aha.l ecrta�itutc sddltlor.e!ifidebtednees seo�!red by this Trust Dead end bear I_•:'•_'
<br /> r,. . fj�• .
<br />= - inture3t ot thr�rato pnyablo undor tha Noto,until poid.
<br />__=�"y:.'��G±��'� • .
<br />-�—�'�" 10. Ao edslitlonni seauriry,tho Borrowor doea hereby asnipn,trunsfer nnd set over to the Londor,in oeso ot dofault in tho performanao 04 any ,+�t.;.:
<br /> ,,..,, � '
<br />_ • :s,:�:r of tho torma or conditfons of this Truat Qoed,the Nota or tho terms ot nny indebtodness eooured horoby,oll of tho rnnts,rovonues ond any
<br /> � r^�''.` incamo of noy type whateoevnr ta be derived from tha Propeny,includinp Isnd eontraot puymante. 7he Londefr,in person,by ugent or by ti-�
<br />��;i,.. ,.__nn-..
<br />-'l::i.�%�: roceivet,without rogard to tho aolvoncy or insolvanoy of tho Borrowor u►tho vnluo of tha Proporty,ehall bo ontitlod to take possessioo of, ,
<br /> - � ropair,rent e�tl manago tha Froporty and to auif�at tho rants, fCVQRUC°211d 111?mm�thnrat�otYl And It may pwy nut nt anld innOfY�e all UMp009E9 ��'.`r'
<br /> .�.w�r�,�.ryy of rapair ond costs incurrod in ronting nnd mannginp tha P►operty end collaoting ronia and for pnyment of insuranco promiums with ony ,��L,__
<br /> �1�, " ` romaioing balancu to 6o nppliad to tha lost m�turinp poymonte of tho debt aocurod horoby. Upon preaenting o aopy ot this Tmst Deed nnd .c�_,
<br />��'x ' demand to any lossoo, tonont or contraot purahvear of tho P►oporty, suoh porson shall pay ull ronte, paymonts and profits accruod or =-
<br /> ���� '' thorenfter accruing m the Londor until turthor notico fram tho Londar. �"`-'
<br /> ,=� 4 �t-�-
<br /> ,,,_
<br /> ;t<iif:�� + `
<br /> .�� 11. If olt or any pnrt of tho Proporty or any intarost theroin is deoded, �oloty by Innd contraat or othotwiso convoyad,dlieneted or furtAar t�°---
<br /> � � , ,,,.,,y� oncumbere�olther v�luntarily or involuntarily without tha Lander's pnot writtan aonsent,oxcluding 4s)o transfei by operetfon of law upon �:�;��`
<br /> • "� • the death of a�oint tenant or(bl tho grant ot any loasehotd intarost not contalning an optian to putcheso wlth a lease torrm of two yeare a� —
<br /> °.,;,,.�;'��;.: , less,or lo)the aroation of tha purohase money security intoro�t in household oppllence a,thon tho Lender muy,at ite option,declare all sums
<br /> r•'s.;t.., !: secured by thls Trust Doed to ba immodietoly duo end payable. �.r'�'`'
<br /> ��, ,�{, .. '.
<br /> -�';`"T''�'• `' 1 F. Upo�the Borrowar'e breach of uny covanant o�apreement of the Borrower in this Trust Deod,includinp thv oovnnante to pay when due any ��
<br />=:3.t';"fi, �
<br />�;�:.cr•._..i��"L aums eecurod by thls Trust Daod.the Londer,et its option, may declaro oll of tho aurno socured by thfe Truet Deed to be Immedfetely due ,
<br /> .�'s_
<br /> J-�i.,,�,�_�t and payeble wlthout further demand ond moy invoke the power of aale nnd/ur uny othor ramedies pormfttad by applfoable lew inaluding the �•�
<br /> °-_'°�— ��- rlght to foroolose thls Trust Ooed i�the mennor provldad by law for the foroclosuro of rnort�aQos on real ostato. The Londor eholl be ontitled ��„ ,
<br /> �"�"`,x�' to oolleat aU roaeonablo costs and oxpansos incurred in pursuing such romedios including,but not limfted to,and to tho oxtent permitted by
<br /> _„t.:_ '�•^
<br /> �:.��'••:�rs� .•i• law, reasonable attornoys'foos.
<br /> � . �r • ...�,t��.
<br />'f-�..;o,:�`�y :
<br /> ;;_;�r�.�:_��� If the powar of sato ia invokod,tho trustoo shall rocord o notico of dofoult In oach onunty in whiah tho Proparty or soma pert thoraof la locatod
<br />-_::.—=�=•.nr_. and provlde notiao theroof in the manner proscribed by opplianble lew. Aher the lepsa of euah tlme as mny bo requirad by apFltaable Iew, ;',,..
<br />,:.,;�F";:;'�"�"i tho Truetoe shall givo publio notico of eale to the porsons and{n tho manner prosarihed by appliooblo law. The Trustee,ar the attorney(or . � �
<br />.��:_;_��'�_' tho Trustoe,without domnnd on tho Borrowor,ohall eoll the Pmparty At pubUo ouotlon to the highoet biddar at the time and placo and undor , _
<br />_.;::�;:�*°�,�x'!" tho terms deslgnntod In the�otloo of sale in one or mae pnrcole and In suoh ordor ne tha Trustao may detormina. Tho Trustoa may postpono
<br /><<,-:�v�.,�� salo of all or any parcnl af tho Proporty by publio announcomont at tho tlmo and placo of any proviously schodulod salo. Tho Londor or tho
<br /> - -- ••y Londor'e dosignoo muy purchaso tho Proporty at any snlo.
<br /> Upon roceipt ot paymont of tho prico bld,tho Trustoo ehntf dolivor to the purchaeor a Trustoo's Dood, without wnrrnnty,convoying tho �.:�
<br />-_- Proporty sold. 7ho racitc�ls in tho Trueteo's Oood ohall bo primu fnclo evidonco of tho truth of tho stntumants medo thorein. Tho Trustoo ahall . ,.
<br /> -�,�i'.,,.� :y ' appty tho procoeds of tho oolo in tho following ordor: lol to aL'roasaneble coats and oxponaos of tho ealo,including,but not Ilmited to,tha ,
<br /> - "�'= 's. Tructoa's toas of not moro than 5500.00 plua.6%ot tha emount socwad horoby ond romaining unpoid, and costs of titta ovldonco; (bl to
<br />_ �-.-:..e;��:�:."
<br />'.;y,;,;;,,,.,.,,,,..'�' all sums secured by this Truat Doad;nnd lo)tho oxoone,It any,to tho porsm�or persons lagolly entitled tharato.
<br /> .._ . ,
<br /> ,- '��+� ^r 13. Any 4orbeeranco by tho Londcr in oxaroising any right or romody hereundor,or othorwiso aftordod by opplicnbla low,eholl not ba n waivor
<br />" ••:s�.'� -� of or procludo tho oxorciso of any such riflht or romody in thc ovent of continuinp or futuro broaohoe by the Borrower.
<br /> � •'ts 14. All ramodios providad in thia Trust�oed nro dlstlnot and cumulative to any othor rlght or romody undor thia Truat Doxd or offordod by Inw ,;
<br /> ". - :-.� :�. or oqufty,and moy bo oxoralsod conourrontly,indopondontly or sucnoseivoly.
<br /> . '.�N,. + 1 G. Upon paymont of all sums socurod by this Truat Dood,the Lendor ehall roquoot tho trustaa to roconvoy tho Proporty and sholl surrandor this
<br /> Ttust Deod and nll notos ovidanclnfl indobtodnoss sonurod by this Trust Dood to the Trustoo. Yho Trustoo ahall raconvoy tho Proporry without
<br /> � war�anty to tho p�rso�or porsons log�lly ontltlad thoreto. Such poreon or pars�ns shell pay nll aoste of roaordation,if ony,
<br />� �g " �� 1(3. Tho Londer,nt tho Londor's optton,moy from timo to tlmo tomovn tho Truetoa n�d appoint o succossor Truetoo to nny Truetoo appointod j •.
<br /> � • � �• d � hnreunder by on instrumont raoordod In tho oounty fn whioh thls Trust Ooed la roaordod. Without convoyenco of tho Propurty,tho suaoossor I
<br /> � •� ��• Trusteo shall auccoad ta alt tltlo, powor ond dutioa aonforrod upon tho Trustoo horofn and by appltcnblo law.
<br /> • .r �
<br /> 17. Except for any notico3,domands,r�quoats or othor oommunfcntions roqufrod undor appUoebla law to bo pivun in enothdY mannor,whonovor �
<br /> - • � the Londor,tho Borrowor or thn Truetoo givoe or�orvoa ony noNoo (fnotudinfl, �vithout limitetion, noUco of dofeult and notioa of salol, �
<br /> '�'"'" domands,raquosts or othor communfontlon wlth rospoot to thia Trust Dood,oaah suoh notico,domnnd,roquost or othor aommumcatfon shall '
<br /> � �r=� � " n.:.,W.�:�nnnnrl ah�11 be nfinnfivo nnlv ff tho samo is dollvorad bv porsonal sorvioo or rnnilod�y oortiliod moil,postugo propaid,rotum racoipt
<br /> - -= - --
<br /> __---��__ - -- .. o
<br /> -_-.�; � roquastod,addrosoed to tho nddross sot Porth at tho boeinning of thls Trust dood.A copy of any notico of dofnWt,any noUOO ot sa�o.�oqwroa �
<br /> `� ••w- or parmittod to bo pivon horoundur,ohall bo mallad ro each poreon who ia o purty haroto at thn nddross sot farth nt tho boflinnin{�of this Trust
<br /> �k�' ,< Dood. Any porty may et uny timo chango ft3 addros3 for such noncoo by dalivcring or mailing to tho othar partios tharoto,ns aforosaid,a
<br /> no[ico of such chongu. Any notico horoundor ahall bo doemod to hovo boon givon to tho Borro•NOr or tho Londor,whon flivon in tho mannar �
<br /> � dnsfpnotod horain. '
<br /> . .. . �
<br /> �""' " 1B. Tho covannnte and apraomante horoin contnined ehall bind, and tho righte horaundor shall inuro to tho rospootivo ha�re, po�soral ,
<br /> • .i, roprosontativos,sucooseoro und assigns ot tho partios. All oovononts ond agroomonts of tho Borrowor ahall Go�oint and sovoral. Y�honovor
<br /> „ roforonco is modo to tho singulur huroundor, it ehall includn tho plural and tho plural ehnll includo tho singuln►. �
<br /> �
<br /> , . �
<br /> ,1 - - -___
<br />
|