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<br /> � in tho aveM ot a loss,the Qorrower eheli glve promyt�ottoe to the inauranae oattiar e�the lendor and flte e proot of loee. tf tha Borrower ie not
<br /> ' " otherwlee In defeult,the 8orrower mey eieot to appiy ths tnsuranae proaeede to tepalr or reptaoe the dameged P�opetty,if eoonomioNiy feae[bta,end
<br /> '• „� the seoudry of tlils Truet Oeod wouid nat be Impalred. it the 8onower le in default o►oieote�ot to rcpafr or tepinoo the dame3ed Properry or repeir ��
<br /> � , or teplaoament wou�d�ot 000nom�oally feeeib�e o►the seoudty of this Truat Deed would be impaired then the ineutanoe ptooeedt thali be epp0ed to
<br /> •. .,� the last metu►inp payments due on the Note. it the insuronae prooeedt a�e In exoess ot the totei amount due on eaid Note,ths exoeao shetl be paid
<br /> o , to the Borrower. inauranoe prooeeds for repair o►�eptsaement ehNl be pieoed in eeorow wlth the Lendet and dleburoed by the Lander du�tng or upan „
<br /> " oompletion ot euon repair or tepfeoement. If the Lernler aoquitos dde to the Property by exerofring its powe�ot esle,foreolosuro or otherwiae,in
<br /> , eaUafaotlon of the lndebtedne:e ceoured heroby�in whole or In pert,then ell dght,Uqe and intereat ot the Borrowet tn and to suoh inauanoe po�loy
<br /> or pdioiee ehail pase w the Lende►.
<br /> U � 4. Tha Borrower ehall keep the Property in good repei�artd eheli not oommit waete or pertnft fmpalrment or detedornNon of tl►e P�operty.
<br /> ,,,�_...
<br /> � 6. H the Bor�ower felia to: fe)maintein or pay the premiume for tho required ineuranoe of the P�operty,or(b)pay taxee befote deUnquent,or
<br /> lol pay any amount due undo►e prlor moRgage or uust dead betore detlnqueM,or td1 mainteln tMe Property lo good repstr,or te)perfortn
<br /> eny of the oovenenu or agreomente of thia Truet Oeed,then the l endet moy,at ite opUon,pey euoh inaurenoe ptemtuma,taxes,mortgage
<br /> or quet deed peymente,or make repeiro and dleburoe suoh eums and take suoh aaUon st it deems neaeesary to protoot he interert without
<br /> waiving or eNeodng Its dght to deoiaro or defautt end eooelerate the debt eeoured herebY beoause of arry euoh taUure of the 8orrower. Any _
<br />---�'"-�"'-� emounte so diebursed by the Lender ehatl oonatitute addidonat indebtednsas of the 8orrower seoured by this Taat OeeO and shell bear interoet
<br /> . }rom the date ot die6ureemant at the mte payab►e under the Note. Nothing oonteined in thls pamgraph ohall tequiro the lender to make any � J�
<br /> • ,; �uoh disburoeme�ta or take amr aodon whateoevet.
<br /> . �
<br /> � � 8. The Lender may make or oeuse to be made reasonabie ent►fas upon and inspeotlon of the Property.
<br /> , .. � .
<br /> � . . 7. The proceede of any award o�oleim tor damapes,direot or ootKegttendai,in conneotion wit!►any oandemmUon or othsr teklnp of ths
<br /> -. � Property,or part theroof,or for oomeyanoe in ileu ot oondemnstlon,sro hsroby ataignad and shail be paid to the Lender to ths extam of the
<br /> . o°>° fitli amount of the roma(ning unpatd tndebtedness eeoured by this Truat Oeed. ; -.
<br /> �qp;, :,:
<br /> ,-� � It the Property Is abandonad by the Bor�ower,o�,it after noUoe by the Lendet to the Botrower tAat the oondemnor offero to m�ke an awerd -
<br /> _ . `4 `. or settte a oieim tar demages.the 8onower failt w respond to the Lender withtn 30 deys efter the date suoh rtotioe la maiied,tAs Lsnder
<br /> ,`,, • b autAorized to aolieot and apply ths proaeode to the aums seourod by thia Trust Deed.
<br /> , � a� �' CondemneUon prooeede or awards ahsil be oredited to the leat metu�ing installmena of the lredcb!erlr+:s aooured end ehall oot extettd ot '��A
<br /> „ poetpone tha due date o!the Inatatiments rofened to in peragreph 1 heroof or ohenge the emount of suoh inatallmeMe.
<br /> •.� .�'�
<br /> 8. B the LenAer iaaues a partiei roleaee of thts Truat Oead,the proceede�eoetved tAerefor shatl be oredited to ths lest matudnp insteliments of '':;�;'
<br /> •� the indebtedness eeaurod hereby. -"
<br /> 'A �)=2:':
<br /> � ,{ 9. It the Lender either votuntedly or irrvoluntarlty beoomes a party to eny euit or Iegei prooeeding teletlng to the Property,Note or thit Ttust Deed, ;;;':��
<br /> ' +� then the Borrower wiil retmbu►ae the Lender tor ui eosta end,to the extent permitted by Iew,rosaonable attomay�'feea fnaurted by the ?�
<br /> � �i � lender reladnp to euoh euit or legai prooeedtnps and�ald wms shdi oonsdtute eddktond Irdebtednest seaurod by this Trust Qe�d�nd bear �=--•
<br />- ' �: �� Intereat at ths�ete payabte under the Note,unUi paid.
<br /> �: F
<br />_ , .� � 10. A�eddittonsl aeaudq,4he BoROwer does heroby asaig�,u+ensfer end aet over to ths Lerder,in oase of defauh M ths p�rformanoe ot amr
<br /> of the termt or oondidorro of thia Tru�t Oeed,the Note or the tertne ot any indebtedness ssoured heroby,a!I of ths tenp.tswtwn and am►
<br /> Nrooms of eny type wMatsoevar te bs dsBved irom the Property,inotuding Isnd oontraot peyme►�. TAe Lender,in penon,by�psnt or by '
<br /> z* roaetver,without rogerd to the solvenoy or(nsobsnoy ot the Borrower or the vdue of the Propeny,ehait bs enUtled to qke pos�es�ion of,
<br />-".:���''�• ropatr,ront end menege the Property end to ootieot the ronte.�evenuea and inoome thorofrom and it mey pay out nf�atd inoome dt s�enses
<br />_��;�+ ; ,;�. ot�epNt end oosq Inourced in rendng and maneping the Property end ootleotfng�ents and tor psymeM of insuranoe premiurm with any
<br /> y� � ��'�"-' romd�ng batenae to be applled to tM tast meturing paymente of the dsbt seourod heroby. Upon prossnUng a oopy ot this TruK Deed and
<br /> ° ''`F demand to any lemee, teneM or oontraot rohaser oi the Pmperty.suoh peraon sheq psy alt ronte,peyments snd proflts aootued or
<br /> -:�� rf� P�
<br />�f�2.�'`. .� thereafto►aoauing to Me Lender uMtl turthar notloe hom the Lendet.
<br /> .,:,...
<br />���_�,:-�;; �` 11. M etl or any pert of the Property or eny inteteat therein Is desded, solety by land oontraot or otherwiss oomreysd.Nisnated or turtfin
<br /> �'if. _�'� ,t aneumbered etther vdumadly or irnoluntedly w(81out the lendsYt pdor w�itten 000tooL szoluding(a)�trantf�r by opn�don of��w�rpoo
<br /> tAe death ot e JoiM tenaM o►(b)the groM of any teesehWd iMerest not oontdning an optlon to purohass wkh s tsas term of two y�ara or
<br />_`..°="'=•-'.- Ises.or ta)the oroaUon of the purohese money s�oudty interest in hou�eAotd ap�limwes,then ths Lendsr mAy,at itt opUon,deolw NI w�►»
<br />-'°-�ti_�y..,_� w
<br />_,-�,..p,,. �eaurod by thb Trun Deed to be tenmediatefy dus and psyable.
<br />-.;����ana'��
<br /> �°i°'��4°=�� 12. Upon the Bortowee'ebresah of eny oovenant or agreement of the Bortower in this Twot Oeed,inotudtnp ths oovenaMe to pay wAen dw an►r
<br /> ��-�-=��y tums�eoured b�►tNt Tntrt Detd.ths Lender,et itt optton.may deoiaro atl ot the sums ssourod bY��T�u�t De�d to bs immediately dus
<br />__—�~��?�i��i.';;�I end payabls without furthe►demend end may Imoke the power of eate and/or eriy othsr romedtei ptlrmttted by appitoabte bvr fnoluding ths
<br /> •'�� ' dght to foroaloss thN Twst Oeed In the menner provided by law for Ne foreotosuro of mortgegea on roai ertate.The Lender thsti bs�ntitid
<br />'-"''"`` f ro eaileat ati teasonabis aosts and expen�ss inaunod in pursuirtp suoh romedies inotudtnp.but eot Iimited to.and to the exteM penNttad by
<br /> - �����r� bw,reaconabls ettomeys'feea.
<br />�`��,��' If the power of eete is imoked,the truetee ehatl r000rd e notioe of defeuit in eaah eouMy in wAioh the PropeRy or some part theroot b looat�d
<br /> ``'-"''�:��.a__ md provide nodea tAsreot in the menner prosodbed by oppqoeble lew. After tAe lapas of suoh dme se may bs►equtnd by applic�blt law,
<br /> _� .'' tho TMStes�Adl give pubito noUoe of sals to the psnons end in Me manner presoribsd by appitoabte Isw. The Trwtee,or ths moms�r tor -
<br /> "� tAs Trustes,without demand on ths Borrower,shdl se0 the Property at pubtfo auotlon to the highest btdder at the tlme and p1ao��nd under
<br />���.,�,. Ne terms designated in tho notloe ot�ets in ons or moro psroel�endln euoh ordsr aa ttro Trunss mey dstermfm. Ths Ttttite�msy postporro
<br />���.�� eaie of etl or er�y paroet of the Property by pubtio announoement at the tLrte end plaoe ot amr prevloualy whsduted tats. Ths lendu or ffie
<br /> .. �' lender�dedgnee mey purohase the Properiy at amr sale.
<br />_3'%;1T;,f��-
<br />�'F' :"`;-�` . Upon reoeipt o!paymeot of the pdoe bid,tAe T�ustee 9hatl deliver to Me purohaaer�T�uetee'�Oeed,wfthout wanenty.oorneyinp the
<br /> ,_+{! •.Y: " Propsrty eotd.TAe rooitet�in the Truatee'e Oead shefl be pdms feoie svidenoe ot the uuM of the eteteme�m mads therein.TAe Trustee�hali -_
<br /> appty the prooeeds of the eate in the totior�irtg orders te1 to all reesonabia eoste end expenees ot the eaie,inoiuding,but not Iimited M,the _
<br /> ° ° ' , Tn�etee'e fees of not eeoro then 4�00.00 plua.596 of the amount eeaured heroby and romaininp unpaEd.and ooate of ti8e svidenos;tb3 to --
<br /> • aA eums aeoured by thia Truet Deed;and(o)the exoess,if eny,to the pemon or persona�egaily erniHed theroto.
<br /> . ., .�.,;: _
<br /> � 13. My forMsranas by ths Lender in ezeroising emr�Ight or romedy Aerounde�,or othsrwis�allordsd by appAoaEt�isw,shaU rtot be�watv�r
<br /> . �:w
<br />_ ;- ` of or preoEuds Me exeraise of emr cuoh rtght or romedy in the evetn of ooMinuing or tuture breaohea b�the 8orrower. --
<br /> '�:�.
<br /> (�+ 14. !UI remedies provtded i�thia Truet Deed ere dttdnot and oumulaUve to eny other�ight or romedy under tNs Trust Osed or aHord�d by t�w
<br /> � or equity,end may be exerefeed eonourrenUy,tndependenUy or suooeaeivNy. �
<br /> �' �,
<br /> # 15. upon peymerit of ail�uma�seurod by this Teuet Oeed,the Lender ehell request tAe truetee to r000mrey ths Propsrly ard ahdl sunend�r tAis
<br />-z =:'S''� T�uat Deed and ep noros evideneing indebtedneaa seaured by thia Truet Deed to the Y�ustee.The Trustee shati r000rney tAe P►aperty n�tthout
<br />'_• _�,;,ti� wsnanty to the penon or penona IepaQy enUUed theroto. Suoh person or peroons ehe(1 pay eil oosri of roeordadon,if am►.
<br />- ,� � 18. Tho Lander,at the Leeder'e optlon,mey from ttme to tlme romove the Tn»tee and appoint�euooessor Trustee to eny T�ustse eppotnted
<br />_- __= nereuaaer oy en�nstiumeet�eoomea m me ooumy tn wmon ctue Ttuat veea ie r000roeu. Y1ntROUt oorrveyanoe oi me rropsrqr.me w000�sor
<br />- " Truatee ehali sueeead to eIi tlUe,power end dudea oonferced upon the Tniatee heroln end by eppUoebio taw.
<br /> = 17. Exeept for eny noUoea,demende,roqueare or other oommu�toatiorro roqulrod under epplloabte law to ba givea in another menner,whenever
<br />°*'� the lender,the Qortower ar Me TrusMe
<br /> o givea or eenres sny nodce pnoluding, without IlmiteUon, notloe of defautt end nodoe of ealel,
<br />= demarde,roqu6ats a other oommu�toation whh roapeot M thfa Truat Oeed,eaoh auoh noHoe,demeeM,request or otAer oommunfoetlon ehe�t
<br />_ � be in wrfUng en0 ehaA ba ofteotive only It the eamo�a dettvered by peroonat servioe or maEied by oerdtied mdl,poetege prepefd,rotum rooeipt
<br /> - roquested,addro�eed to the eddreaa eet torth at the beg�nning of thia Truet Oeed.A oopy of any nodoe of defau�t,er�y nodoe of eale,requirod
<br /> ' or pem�itted to bo glven hereunder.ehe{i be metled to each peroon who ie a paety Aeroto et the eddrose sot torth at the beglmdng ot this Truet
<br /> Ooed. Any party mey a:any dme ohenge ite nddreee for suoh notloea by deilvedng or matUng to the other pertlua theroto,ea etoreeaid,e
<br />-=� eoNoe ot suoh ohange. Any notloe herourMer eheli be deemed to hme been given to the Borrower or the Lerdor,when given in the manner
<br /> � deafgneted herein.
<br /> ' , CC 2088 (Hev. t1861 �.
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