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<br /> �.;. • 5. If tha Barrower fu7s to: lat maintain or paK tha prdmtuma tor tAo re�utred insu�ance of Me Property,or(b)pay ta�cas betote do�nc�uant,or . x�`�'
<br /> �f. ' � , (c1 pFSy any nmaurtt Que under o pdcr mortgage or trusc desd before daGnquont,or ldl ntairrce�n ihe Proparty in gaod tapa}►,or�(o!portorm ' .
<br /> �.��'�•� eny of tha-covenanta ar agraemsrite of this TNSt paadrtAen the Lnnde�ma}v.et its option,p[y sncA insurancs premiums,texos,mortgago
<br /> ,; 4:',, . '' or trust deed payments,ar make repaire ond Qisburse suah sum�and`teke�uch action as it deems neeassary to'proteat ka intoroat witAout , :��
<br /> �'�:" vranring or affeadng its dpht to dectaro or Qotault end accolerato d�e Qebt securad Aareby peoauso of tury sucA feiinre of tRo Borrower. Atry ' a '
<br /> ° ';�' ` � amourttssodisdursedbytheLo�Me�shallconstituteaddiUonalindebtedneseottho8ortovietsecuredbyfilsTnutQoedandshu6'bearinterpat :`"` �
<br /> �._ ..
<br /> . � • from tRe dato ot disbursomont at tho rato payasto u�der tAe Note. NoiNng corrtained in this paragrapr shati require tfie lender to mate amr '" . �
<br /> - �5..:}� "� -�.
<br /> }�.� • `such 6�sbursemertts or taka any aation whatsoever. , ' �
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<br /> .`�,_r;:.�;.._ B. The Lender may mako ot cause to ba made�reasonabta enuiea upon and inspebtion of tAa Property. , ��.�
<br /> �` 7. Tha pmceeds af any awatd or cta3m 4or damages,difeat or conseque�ial.in cannec6oq wtttf erry coademnaann or other taking ot the t '"
<br /> ,- :»�..:..v'-,.,...x...:...U., Pronanv.uc part thcmof,w fni�amt�YancQ in I�e�.of condemnation,are hereby essigned and sha11 be pald tq the Lendar to the extent of the' , � `� ,,
<br /> - .�, ` ., - iuil smuunt of thd remaioing unpaid inde4itednesa sacurea Cy ttfi8 TrustJaed. -'- - -_ . .. . -- -� _ �-' _
<br /> .,�- .
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<br /> - - - - (f tAe PropaRy is abandaned by the Qorrower,or,'rf efter nutice bq the Lender to the Bonovror that tAe conCemnor offers to malie an a+ivard
<br /> t. �.: or setde a claim tor damagos,tha Bovower fails W tespond to the LertQsr within 30 daya eftet tho date such notice ia mailed,the Eender
<br /> ��,�„�� = , is authori�ed to.coAect and appty tha proceads w the sums secured by this Trust Oeed. ` � '��i•
<br /> ,,. , <.•. . . , . ,._
<br /> ,. =:�:�,.,; �
<br /> ;<:�. r. CondemnaUOn procaeds or awards shall be credited to the l�+naturing insteilments of the indebtednesa secured andshaU not extend or • ,
<br /> � poatpona tpe due datv of the instal(meMS refarred to in parag:aph 1 hereof or e6ange tha amaunt of such installmente. ',: `;.`
<br /> ;.�,,:;'.:�,.` @. tf the Lender issues a partial release of this Tnist Deed,the pmceeds received therefor shall 6e crod'Red m tha last maturing lnstaltments of �
<br />_ �- • � the inde6tadnoss secured hereby. . , '�`
<br /> . ,.,.-
<br /> , ���� 9. IftheLendete'rth9rvoiuntarityorinvoluntarilybecomesapar�ja?anysuhor(egaiproceed'sngretatingtotttaProparty,NoteortfiisTrustDeed, � ' Jt�'+'''
<br /> _ ., .yF�:jr'n'rc�'�..�: :� r;i,br;:{��r,�`�
<br /> `_�:?{�,;,; �: `�>`� �then the Botrower vidi reimbursa the I.endor for ell costa and,to tha extont pertnittad by�law,reasonai�te attomeys'feea incurted by the �;,f;��;;ti�4:4.:�
<br /> , �:�r�.:�;�=;;,-;::.:'<<"`-.,:.:, Lender relating to such suft or legal proceediags and said sums shall constitt�te additional indabtednesa secured by this Trust�eed and Dear ;�%f:.;q,s'.�F'?:
<br /> Y �7#`. ,.� interest at U's�rata payabla unQer the Nots."�f pa[d. .:.:r:r:. ., ,., ..`•'-, �,..4'; ��,�
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<br /> ���� �s... ��_:.. 10. �. As�Sruanat securiry,the BoROwer does haraay as�igw,tra�star and sat oi�er to the I.e_n�er,in oaso af defiautt inthe pei#oitil8itce oi�`2rtiy����:�� s ;,�,` ,�;
<br /> ,��.i •sof�is Lsrma ii►�eondrttns�s af this Trust beed,fhe Noto as tfia terms af arty iadebteQnes9 aea;._^�B rsreby.atl of the rortrs:,ravertues artdanV �w}`s�{''f�'
<br /> . �,rl� �s a�;a ' income of any type tivhatsoedar to be derived fram the F�s�-,.2rty,inctuding tassd contrast�ymarrts. Tha Lender,in parsen,by agent.orby�: � � ��s'� �
<br /> ' s;"�;'?�,,•,: :: F receiver.without regard to tha solvenay or Insolvency of tha Barmwer ar tf�e vaive af tha Froperty,ahall be antltted to iaice possession of�, .,•�xr�.4_�
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<br /> ,:';:�,:�:,� tepair,rent and manage tfie Propetty arfd to co{lect ttia tatns,reyenues and incame therefrom artd it may pay out of said Incnmo atl expenses ' _..jL;�.i.�,,_-_.
<br /> .�,..,;;., :�
<br /> �;, •_ of repair and costn incurred:in rerning artd managing the Psopertyr and aotteating rents and for paymant of insurance pramlums with anV � f�,,,, �_
<br /> - . - -
<br /> / `��g remaining batance to 6a apptied to the last maturing paymenta ot tha dsbt securad hareby. Upon preaenting a copy of thts Tnist Deed and �-_
<br /> �'xr ., demand to any tesseo, tenant or aonuact purchasor o4 ths P►operty,euch parson shatt.yay a11 rents.payments and profits aacrued ar _ ''
<br /> . .. thereafter accrufog to the Lender until turther notice from the Lepde�. • �
<br /> , , �i.�'w;
<br /> ' 1/. �It all or any pan of the Praperry or any interest therein is dsadeA, satoty by(and cor►tract or othocwiue conveyed,aflenated or turther _`�"" '
<br /> � � � � ancumbered eithor votuntarity or involuntarUy without the leada�s pdor wrltton conaent,oxcluQing'Ie)a tmnafer by oparaUon of taw upon ��,��,"i
<br /> `��. �� 1 tho doath of a�olnt tonant or(b)tho rant of any teasehotd intereat�ot conteintn an opUon to purchaso�vlth a leaae torm of two yaers ar ���""'-
<br /> . 8 9 �:�x i�__�.
<br /> . loas,or tol thu aroetion ot tha puroheso mortoy sacutity Intereat in Aousehold opplianoea,thon tAo Londet may.at ita opilon,declare ell eume .�.��-�=_
<br /> , aecuro0 by thi9 Trust Daad to bo immodiatoty Euo end paysblo. ' ��"`i'
<br /> - •.t ' ,; ..� � ' �
<br /> � � ��, 12. Upon thn 9orrowore braach of any covanant or egroement of tAu Borcowot in thls Truat Doed,including tho awonants to pay wAon dua any
<br /> euma attcuted by tlda Tniat Qaad,tho Lenda�,et its opt�on,may duolare cN of tho ouma seoured Dy tNa Trust Oaed w be irt�medlauty Quo. —_�
<br /> • ond payobto wlthout furthcr damnnd ead may imroko the power o!eate end/o�any othor romodiea permittad by appllcabte law Inciudlpg tAo °-___
<br /> rlght to(otoaloso thte Truet Oood ln tho manner provlded by tow fot tho fotsclosuro ot moRgago9 on roal asteto. The Landar ahtill be entittod -- ___-
<br /> ��� ' • •� to aolloat a0 roasonabto coste and oxponsas incurrod in pureufng suah romsdias including,but notlimited to,and to tho extent permltted by ===-
<br /> law,reasonablo attomeys'faos. � • --_- --
<br /> �' ;.'•'.. ' • •" . -`��
<br /> ��'-�.-� -:_ .. 'k' �9. If tAo powor ot aeto ie invoked,the trustee ahe11 recotd a eotiaa ot default in eaoh county in wh}cA the Ptopetry or some pert theraot(a lacafed F�_„a,,,.=__
<br /> and provido notlaa thereof in fhe mannor prosadbad by eppfioahio iaw. Ilftar the tapse o�suo6 time es may be►equTro3bV�pD-Iice"pt67�N►. __--�
<br /> tho Trustea shatl give pu6lio notloo of eate to tho pe►sona and in the marmer preseribed by applloabie taw. Tha Truatee,or tho atcumey tor = --
<br /> �.;,;,_:• •�`�• .h. • ,. tha Trustao,wlthout Qemand on tho Bortower,ahell soll tAo Properry at pubtto euctton to the Nghest 6idder et tha dme and placa and under =
<br /> '"���`�� _;''" ; tha tertns dasT g n ated 1n tha rtottae oi sate In one or more parcete and In euah ordor ae tho Truscee may determine. The trustee may poatpone '__.
<br /> ��.,; :`,�`'; :� �` �' sate of aD or any parcet of the ProDe+N bY Oubtio announcomont at tho dme and ptaca of eny prevlously scheduled eale. The Lende►or the _—
<br /> �� �� . Londer's designea may purchase tha Property at any eato. • , , -
<br /> � •; . . _'_-- -
<br /> _���` �� ;�' �.' ,���� Upon receipt ot paymont of the pNce bid,tho 7rustoo shatl Qaliver to t�e pucahasar a Tnistea'e Oead,without warranty,con�oying tfig �_A
<br /> ' �� Property sotd.The recitals Intfie Trustao's Deadshall ba pdm�facle ovldonao nf tho tnrtA of tho�tatemonts maQe thereln.The 7rustee shall _"`--_
<br /> ,�},� :�� ' � '. �� appty tho prooeeds of tho salo in tho follovaing oMor. (a)to all reasonabte coata and e�anses of the sate.inc(uding,but not limited to,tho �
<br /> ' r%� �� Truetae'e feos of not mare than 8500.00 plus.596 of tho amount secured horoby and remalNng unpatd,and costa ot ti8e ovidence;lb)to �'�"
<br /> '-";'�:��• all sums seaurad by this Trost Doed;and tol tho oxcess,if any,to tho poroon or persona IogaUy entiUod thoreto.
<br /> ! ��6^ry�..' :.y. . ' ` �—_
<br /> ,•...��:.�.`' � . �--
<br /> ± • �° 13. Any torbearance by tho LenQer in oxoraising any dght or romody hereunder,or otherwlso aKo�dod by eypllo8bte law,sha11 not be a wsrivor �:��.�-
<br /> : � ,� of or proclude the exorcise of any suoh rtght or romady in tho ovoirt of oon8nuir►�or tuturo broachoa by the Borrowoa �,"w
<br /> 14. AO romadiea rovlded in this Trust Deed are disUnat and cumulaUvo to ony othor d t o�remady undor thts Tast Deed or allorded b lav� �'��°u���
<br /> v� � '� Y , �:'°"' or aqui4y,and may 6o exarcised aoncurronUy,inCopandontJy or succosshrety. � • y —_- -
<br /> � � . ��-.
<br /> • • 15. Upon payment of all sums s6aurod by this Trust Qaed,the Lendor ehell reQuest the vur�tao to roeonvoy the PropBny and shell surtondor thia -- - ---
<br /> ; t ��__"}`�
<br /> .. ' Trust Ooed and all notos ovidencing Indabtednesa eacurod by thls Trust Qeed to the Trustoe.Tho Truatoe shaU recomroy the Proporry wlthout -__=_-
<br /> - � warrenty to the peraon or porsona IAgaUy entitlod theroto, Such pa►son or porsons shall pay etl costa ot raaordatlotq if any. -��
<br /> • _ . . ���;°:
<br /> ' � 18. Tho londar,at the lendor's opUon,may trom tlme to time romovo tAo Trueteo and eppolnt a succossor Yrustoo to any Trustoe appolntad u �':���
<br /> � • • horoundur by an irrstrumont roaordod'en tho oounty in whlch thla Truat Ooad is tocordod. Without convoyonco oi t�o Property,tho auccosaor �� � .'
<br /> Tnistoe�ha11 auccood to all Utlo,powot ahd duUoa contorrod upon tho Trustoe Aaroln end by appticab►o law. �,,r,
<br /> �+ � � � � 17. Excopt tor eny ooticos,dam�rtde,raQttoate or otAor communicationa roqulrad undai ayptlonbte Iaa�to be glvon in aeothot manno►,whensver . .
<br /> � . � tho Londnr,tha Borrowor or tho Trustoo.glvos or servea any noUce Qnctuding,v�ithout Iimitatlon,�oUce qf detautt and noUce of sato). .
<br /> " domands,roquosts or othor communication with rospoct to thla Tniat DoeO,oaoh suoh aotico.Oomand,roquest or other communicaUon ahall "
<br /> • • � ba in viriUng end ehall ba oHeottvo oNy It tho eamo ia dotivorad by poraonal sarvico or maitod by aortified mail,postago propald,retum rcaQipt ' .
<br /> - " . requeaied,addressad to the address set fortM1 at the beginNng of tNe Trust Ooed.A coyy of arry noUao of dofaNt,any notice of safo,roquired. • .
<br /> • or parmitted to ba given hareunder,shall6a maited to eanh porson who is a party hereto at tho addrosa set foRA at tho baglnNrtg of thls Trust: � '�
<br /> , �.; '. deod. Any party may at any Ume change its addroas for suah nodces by dalivertng or mailing to tho other partios theroto,os ototoaald,a ' �•�•�
<br /> '. �� � . _ notice oi sucfi chango. Any notico hereundor shatl be doomad to hFnro beon glven to tho Boirovro�oi tho Londor,when givon in the mznner. � ' _
<br /> � � � ' � dosignateA horoln. �
<br /> '� � `' 18. Tho aovenants artd agrearants haroln corrtaieod sh�1 bind, and the righta horeutr;'ss aha11 lnuro to the rospoctive heir9, personal �����1`� �� �
<br /> � _.;r•i' , • ,:;i'�r;,,: , •.
<br /> '�, .�,� , ' . teptesontaUvos,successors and assigns of tha partiee. A}I covenants and agraemonts of thu Bortowe►shall bo joint and aeveral. Whonover ..
<br /> ,, relorencs is mado to ths singulat horeun�ef,it sha11 incluQo tho plwaf and tho pture)shall inc(udo the singutar. �t`'�;��'i•:'; .
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