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<br /> . • p�p.tgag DEED OF TRU5T R�B��
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<br /> , .� 6,can No A9469 (Continuae� � ��' ..:,t'��45"JS .
<br /> ' Nlzintanirte�o!Inwnrtch Tn+otor sltdt procuro end nt�lrrttln poUcto�ot flre Inauranao wnh atandnrd oxtendod covar�go endorsomonte on a
<br /> repW�marn b�cla tor tlw tult inaunbt�vttao aoveriog tll lmprovomonto on tho Re�l Prop�in an uraunt eutActunt to evald eppllaetlan of uiy
<br /> colnsu��naa ct�uso,and rAth�sUnd�rd moRp�pw clww in tavor ot tandat. drarttor ah�l �t�o pracuro and molnttln comprehanohro gunaaf
<br /> � paapry�nsuru►co In aueh covaoga at�ounts as landet may roquost wlth Uuatao and t+endor boing n�mad�addlUond i�ureds In such Ilabluty
<br /> •� inauranoe poYciw. AddlWn�h,Or�ntor eh�l m�lnt�n auoh athar inauranco,ltieiudtng but�t 6mttod to haaud,buelnos�intoauptlon, and
<br /> ' '� boQer inaurenco,Qs Lende►maY rcaeon�tbh►r�qu�rs• Pc��shetl bo w►Ittan in torm,�mounts,covengee und basls►oasontbty�ceeptabte to
<br /> ' =� Wndcr nnd tMuot!1fy e comPany er comptnlsa roesonaby�cwAtnblo to Londer. Tn�ntor,upon�aquost of Landor,wln dctiivar to Lc�ndnr irom
<br /> �• ynp t�tlnw ttMq polklee or cnNticutos ot lmunnco In totm uUsi�ctory tn Lnndor,tnctuninfl etlpW�tfona th�t covaagoa wi11 not ba aanuitk►d or
<br /> � dtmintahod witAout�t tewt ten(10)dayd prbt wrltten eoUca to Lendor. Each Inaurmc�polby riao shw Include tn endomement providing that
<br /> " � , coverago tn tavor ot Lender wlll�ot bo Imp�lrod In arry way by any ect,omla9lon or det�uh ot tirarROr or any other p�eon.
<br /> _��„�,r.x ��on of p�o¢Nde. Trustor ehdl promptry noUty Lbnder ot �ny ba�or d�rn�►M the Property It the esNmated co�t of repalr o►
<br /> ,�riw,,,�;,�,,, repl�cen�eM exceed�at.G00.00. tander tn�y mdco proof of bas tf Truetor tW to do eo wtthl�SReen(1S)daye of the ca9ualry. Wholher or not
<br /> .c, Lender'�eecurti�l u Imp�red,Ler►der may�at Its ete�Uon�to¢�ve and ret�n the pr000eda of anY tnsurance and aPPh►the Proceeds to tha ;
<br /> reductton of tho Indebtedne�e,Payment ot ury Nen ttteaUrg tha Properly,or the restorati�on and repdr of the Property. it Londer eteaq to epPhl
<br /> the Prooeeds ta reatonitbn�nd repW,T�ustor ehaq rspat:or�aFtaco tho damnged or destroyeA Improvamsrrts In a manner settateetory to
<br /> � " l,ender. tsnder ehd,upoo eaUn�etory Proof ot euob expmdmua.pay or�eimburos TYuator hom the prooeeda for tAe reasonabte oost otrepitr
<br /> or restontlon H Trustor la�wt�n detwlt under lhia QeBd oi Ttust. Arn+Pra�ede which has not been dbbureed wtthtn 1HO dtys tller theU � .;
<br /> " reoelpt and which Lbnder ha�not oonrWtted to the repalr or nastornUon bf the PropeAy ehaA be used 11►st to pny any amourrt owing to lsnder .
<br /> ° u�dat Ws Desd ot Trust,ihen to pay neerued irrtarest,and the rematnder,It eny,e Nh 1 be appl►ed to the pdncipal batarae of the Indobtadness.
<br /> � If Lender hoids any proceads ntter payment in tup of the indebtedness,sueh procaeds ahNl be pNA to Trustor es Trustore intsresm mny
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<br />:_'.��,, ; un�ind�n�yrarte�at Sale. Any unexpimd Insuranoe ahe9lnure to tho benetfl of,and pass ta,tlte purehaset at the Property eovered by Uds �;..
<br /> _ � • - ` Oeed ot T�uat at any trustue's ea►e or other t�a18 held under tho provlston9 ot thi9 Deed ot Twst,o�tt ett►y toreclosure sale ot such Properry. r_�
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<br />_---- —. .. �;art�pil�neo wit�E�►trrtiny inti��"��s�. �nNs$the Fr�Eod!n rrhtch eny Exlsdnr+Indnbtedness desaibed bebw!s In eftecL�mPQence with ,r�;
<br /> --`.' . the trauranoe provlsbns oontetned in the instrumerrt evidend�9 such Ex(stlng Indebtedness sAaU oorotfnite camplianoe with the Insuranoe �;:
<br /> provt�tona under thf.s Ooad of T�usL to tha extert oompAance wttl►the terme ot tNo Oeed ot Ttust wouid aonsUwte a dupIkaUon at Insuruioe
<br /> ° .. t an roaeeda trom tha Ir�surmce b000rr�paynbte an bss,the provt4lons in thls Deed of Ttust tor dNWon o4 prooeeds shsll �.
<br /> requtremern. 1 Y P
<br />� ° �� ePPN ony to mat porUon ot tha prooeeds rtot p�y�bte to the hoider of the Fxbtln9 Indebiedrtes,+. ----
<br /> :� 7tua�'s R�t�Intursne+. Upon request of L�ander,lawevor no!more than onoe a yeu.Trustor ehdl NmisA to Lender a rapon on�ach �;:
<br /> e�dstln8 Po�!►of insurarae shawing: (�)the��me of tAe tnsurer; (b)the tlsics tnaured: (a)the�mout►t ot ths policY (d�th�P� ����
<br /> � � the tMm currerrt rept�oemerrt vdue ot such properry,and the menner of detc�rtiniag tf�at value: �nd (e)the explrWon dato of tha poBc.y. _ -
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<br /> Trus�or ehdt,upon request ot Lsnder,Mae an indapenderd appN�eaUsUctory to tend�deterrrJne the oesh value�epUcemerrt c°at of the --
<br /> �P�Y• --_
<br /> ,..: " TAX AND iNStlRANCB RE8ERVE9. SubJect�ury UmtWlona eat bfl�PPUcabte taw.Lender mey requtfe T►ustar to maint�in wtth Lender�esaves —.
<br /> � tor paymoM ot armual tixas,essessmenm,and insuranoefuaadums,wh�h reserves shaU be oreated by edvanoe paymert or montMy Paymer�ot a =
<br /> ` . ��ae�by Lander to be sufticteM to qroduoe.et least lilqen(18)days betore due,emounts nt teast equal to the U+xe9,asrsssmet►ts.�nd
<br /> " ' Ins�ranoa p►erriums to be pNd. It ftiteen(16y daye before paymet�ts due me resetve funas are irpuii�nL i'atis&if eiia0 tryon s�sst�ssd DAY�Y
<br /> �N � �'� dgtk{e�wy to lende�. 'IT�e reserve tunds ehdi be held by Lender e9 a genera!deposit hom 7tuetor�wNch Lendar ma�let�sry bY Pa!►ment ot she
<br />�, .. � ta�ces.�a�and i�uratios prertituma tequired to be pdd by Trustor as U►eY beoome due. Lender she9 hava tha�ig�t to draw upon the
<br /> ".�,: reservo Nnde to pay sucb fterr�s.ertd Lender shefl not be requtred ro detexmine the vAlldtty or aauruy ot uiy ttem betoTe Payle9lt Nothirp in the
<br /> a p�d ot 7tust shal be aonsUUed�s requiring Lendar to advance othar monies tor such purposes�and L�ender shWl not ir�ur amr p�bpicy tor u�ylMng
<br /> -t�..:. ::., x,� K�Y do a omtt to do wfth�espect to the reservo aocour►t M �rriourda In the reserve�aoourt re herebY Pted9ed to tuMer eecure the
<br /> �ti_ :,..,.,.-:� Indeblodnesa,and 4endo►is hereby author(xed to wttlidraw and+PAb such amoa�s on the IndeOtsdness upon the oocurrenoe ot an Ev�aM of —
<br /> _��::.,,„�. Detwlt �ender ahW not be required to paY ary IMe�st or earMRSe on tho reserve tunda un{ess�equlred by Iaw or�qread to by tsnde►in wdtln9.
<br /> � ..-•, �� � londer daes rtot hold ths reeervu tunds M trust for Trustor,and Lender Is not TruatoYe agent tor.ptymet►t ot tha taxe��nd assessmerte�qulrod m
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<br /> . �.:.+-. .. .�g:� bepddbyTnrsror. .
<br /> .°^�.,..+�� ' pfPENpItUREB 81/LENDER. If Trusror(ails to wmpry with any provtsbn ot tht�Deed af Tnrs;Indudtngarry obUgaUon to meirttein F�dstlng
<br /> _. _ .°.,.'., . �ndebtedr�ess tn good standing aa requiced bebw,o�N e�ny setion ar prooeoding b commenosd 1heR xroutd metodalry dttect Lender'�irterene ln the
<br /> _ .,.,� ProP�1b Lender on fitstora behali mny,but shdl aot be requlred to.take any aatlon tha2 tsnder deenta epproptiats. My ernount tht!Lender
<br /> ,.�;;_��,�^�,�;,;r expend9 tn so dotng wili bear Interest at the�ate charged under ihe Note hom tha date Ineurted or pdd by Lender to the d�DO of repaymeM by
<br /> ,,x�a r�:�•. Tru�r, qp stcch expen3es,at Lende�'e option,wfA(a)be payabla on demnnd, (b)ba edded to the befnnce ot the Note and be appottbned amon9
<br /> z�� .-:_-F�;. �nd bs payabte wtth any tnsteliment paymente to become due during eith�r (f}the tertn ot any apPlio4blo Inaurance poltcy or (il)the tertiYMng term
<br /> y=��"���� •� °-� of ihe Note,or (o)ba 4teated es a bailoon payment which WiN ba due and p�lable at the Nota'e maturity. This Oand of Ttust�so wW eecuro
<br /> =��;_; paymant ot these amoums. The d9hts providad tor In 9his paragraph shetl be tn addttlon to any other dgMs or ony r�mAlas to whfch tender m�y be —
<br /> �°':r.-'�" entlGed on axount of the detault MY such actlon by Lender shell not be oonsLued aa curing the defauh so a�to ba�l+�nder from eny remedy lhat
<br /> '`�'"��` ' R oU�eiwise woutd hsve had.
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<br /> - . . WARRAtdfY:DFFENSE OF TI'RE.The fo0owing provistons rd�tlng to ownershtP of tAe Property ero w p�rt ot this Qoed ot st.
<br /> =�,'�;:�:^. -°— TiK�. Trustor wwrsrRs that (�)ltustar talds good and msrkatabte Utle ot record io the Proporty In feo eirtple.lrea and doar of�I liens e�ed --
<br /> -u� `�'}►.�.. enoumbranoee other than Uase eet forth In tAe Reat Property da9criptbn or In the Existlng�ndebtednese eecHan baiow or In�ny�tle Ineunn�
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<br /> _- _._.._ .=� Poti,ry,ftqe report,or flnd Urte opinbn Issued In tavor ot,and aoceptad by.Lertder in oonnecUon wlth tlds Deed o4'�ust,and (b)Ttuacor ha�t�a `
<br /> :�Y�Pl:�r-N=: NU�(g�Po�.�nd authority to execute�nd deliver thla Oead of Tn�et w Lender. --
<br />— _;�:� h ebove,Trustor warte�s and wUi to�ever detend the tltle to tha FtoDerty 49sinst the ---
<br /> � .: k=%32+��� 0�4�of Tttl�. 3ubJect to tho oxcepUon In�e P�9�P
<br /> y.'�a��Y?v•'"� fnwtut ctalrtq of atl petgons. In the eveM any aaNan or prooeeding ts oommenced that queall�ooa Ttuatore tltltt�a or the inter�st of Trustee a
<br /> . �`""r. ' tsnder undar thla Deed of Ttust,7rustor sheli detend the aetion at Truatots ex�van9e.7tustor m�y be the nonnin�0 parry In euah proaeeding,but
<br /> �:Se'� .a....-
<br /> "`�''°`° ' lsrtdar shall bo e�Hled to paticipate in tho prooc�eding nnd to be represerted in the proceeding by oounsa]of Lender's own ohoEce,nnd
<br /> -, �°•••� t�• Ttusipr�MII deitver,or oause to be det�vered.to Lender such itqttumenta es Lendar may requast irom Ume to tlme to pemUt euoh parGdpatbn. —_
<br /> • , �� Comptlana WHfi 4tw�. Trustor wanaMS thnt the Prope�► and Ttustora use ot the Properly compiies�v(th all exisYn9�PPqcable taws, �;"
<br /> • � ordinences.and reguletlona of govemmentel euthodtlea �.
<br /> � EXISTINO INDE87EDNESS. The following provlstons aonceming existlng tndebtedneas(the'F�dstlng Indebtadness'�ere a part of lhb Oeed of
<br /> • T�ust
<br /> -, „ - � � Ex[sltnp LNn. Thg Ilen of thb Dactd of Truot secudng the indebtedness msy be seoondary and tMcxior to an exbtlng tten. Truator ex�essry
<br /> = un�o Insau�moe�evtd��ing suah Indebt dnoss�er eny�au8tt u�der emi seeudlYtda;umerts�or! euohrtrtdebted Irt�deDts�dnass�any detauk
<br /> � " .. Datautt If the peyment of arry ic►stallmeM ot pdocipal or any Inmrest on the F.�asUrtg Indebtsdnass b nat made withln the Ume requirad by 4he v
<br /> note evidencing such Indebtedness,or shouid a delnuh oocur under the InsOVmerrt sec�tdng su�h Indebtodness and not be cured during erry
<br /> oppikebte gmco pariod tharetn,thon,at the optlon of lender,the indebtedness secured Dy tNs Deed ot ltuat ahell be�ome Irm�sdlcsmN due
<br /> '1�,„ • nn�navabia end thts Deed of Trust shal be in detautt
<br /> � No Modtflaattoe. Trusror sheli not erKer IMo amr�greemern with the ho�der of any mortgago,deed ot trust,or other seeurNy agreemeht xrhtch
<br /> • • hns prlorNy over thb Oeed ot Ttust by whtch th�cgreement b modi4ed,amendod,extendod,or renewed wfthout lhe pdor w�itten consent ot
<br /> -_ � lender. Trustor shall nefther requost nor aooept any futuro advances under uny such securiry c�groemetn wlMout the pdor vrritten consent al
<br /> ''. � lsnder.
<br /> .. CONDF�NNA7ION. The tolbwir�g provtstons rotaUng w eondemrtetlon proeoedings�re a part ot thts Qeed ot TrusL
<br /> _ " AppUoatlot�ot Nat Procaada. It NI ar any paK of the Property Is oondemnad by eminer�t domaln prooeedinga or by My proca�din9 or
<br /> purchesa in Iteu ot condomnatlon,Lender msy�Ita eledhn requfro the�t ell or emr porrlt�on of the net prooeeds of the ewerd be appUed�the
<br /> - IndcEtednes�or the repatr ot testoro�on ot the Propert�/. The�et p�oa�ds ot the award shep mean the award after paymerrt ot eli reasona6le
<br /> � eost�,oxpenses,end attomeyo'ic�vs IncuRed by Trustee or Lender tn oonnectlon wtth the condemnatton.
<br /> . proc�adeps. It eny proceeding in condemnatbn Is ff:ad,Ttustor shot!promptry noUty Lsnder tn mitlng,artd?tustor eheU pror►lqtq take such
<br /> ° steps�s may pe rtecessary to detertd the actlon and obiain the award. Ttustor may bo the rtominal parqr In such pra�edtng,but lertder ehaA
<br /> � • De entittad to partldAate�n the proceeding and to be represented fn the prooeodtng Ey counsei ot tts own chotoe,nnd Ttuator vrUl delhrer or
<br /> eause to ba deUvered to lender sueh Instrutneats as mty b0 te4uested b1►it Rom tlme to tima to pem�tt such pmttctpatlon.
<br /> . �..'. ,,,, tAtPOSI'f1QN OF TA1�8►FE�S AND CMAR@E8 E�Y QOVFJiN111ENTAL AUTHOAIitES. Ths tottowing provisio�relatlng to govemmentN texes,
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