l � . � . . . � ..
<br /> h
<br /> LQ r``t f'�41�`�t ,f���r�!¢ • . . f v ,
<br /> !t t�r�7,�.t�- f � j a2� ;r��r� - . � sr . .• _ -i. - G ' .�.
<br /> ` �`fc i.�zi f E `G�}.,i � e ��r :--�.:,,.�
<br /> ,3�s�` Y., W_,� �-- ►
<br /> I . �'-
<br /> �,,,� �������
<br /> �� � elai�ms (ineluding, c�ritho�:c li�i�tio�a, paoceeds of ins�uanee aasl co��'tnnasi�on awards), all vf m
<br /> n
<br /> ` w�eh is�t�saa�er ealtectively call�d t��"Tnut Yr�peity." �� '
<br /> ".� �''_.
<br /> Sectiom 2. � CO`1EI�I�iI+1Y� ��q`RU§�OR. �o protect t1�e secu�ity of this Deed of �z
<br /> �:
<br /> ?rust,Trustor sAVe�ts, waira��s,gnd ag�es as fol3aws:
<br />!:�'� 8.1. �41:. Tiruaz�r co+f�ants,wa�nti and a�grees wi�h Ben�fic3ary, its successozs aud
<br /> — aSSigns,that'�nastar ovms t1�e Tn�st Fro�eriy fxee fra�an3r psins lieas or e�r,�br�nces exc�pt ,
<br /> �Y` easemenes, restxicqions, coveai�ts of record and excepa for a fus�p�iority deed of trus't or �^
<br /> }` mo e h�ld by ��� (the°I'iase Deed af Trust") (coli�ively, �.-
<br /> `•�� '�e�r�t�'� d Li�s"�. Tihis Deed of Ttust is a valid�sn.d e�a£oir.eab3e lien oa the Tn�st Propeaty, Aad �=-
<br /> Trwt��at its ex�ense,witi pres�rve s�ch titl:a�d vnl�th�s Bced of Tnist as a liea�up�a �_-
<br />.=;� � the Trust Prop�ty and wil�forever vrrariamt aad defe�d the validity hereof agair�st ti�claias�s of Q-=
<br />'�° �' all pasona asLd ga�ies whomsosver. Ttustox will makr�sucta fiu.tther assu�ance ox assuzances ta �
<br /> ��
<br /> .:�'f .
<br />;,%�.: p�rfeet its tid�w the Trust Property as may be required b•+��neficiarp.
<br /> �:
<br />+.�: --
<br /> 2.2. dt�pr,neut mS Ladebteolness. Trustor shall puactnally pay all obIigations and --
<br /> perforin aIl c3aaties uader the I�otes sccured hereby. r-=
<br /> 2.3. ]Faads foc Pny�en�.olf Cbaiges. Tsnstor s�pay all taxes. s�ents and
<br /> gu�siic el�arges,�aneaat an�speciat,�mm�r e�6stin�agaiust the Trust lProgeriY,and sha33 pay b� �
<br /> : d�liaquen� all taxes, sssessments azsd p��`v`�. ��es, gea�al aa�s�r�cial, hereafcer levi�d ea��.
<br />_:°�{: � assessed th�a�. Ugaa request of Be�ficiary, Tn�swr s3:�i�provide reasonable evidence of --
<br /> r�'YVt'�. . c.-
<br />:��:;f paymznt o��s�b taxes and charges. In the event Tiustor s�ll fail w pay aay real estate taxes
<br /> • .� on �te Trust Property as required h�re�mder, Txustor a,� �enoficiary's option, shall pay to
<br /> �t � $eaefi�iary on�a 5rst day of ea�h month, or sucb other date each month as may be specified ��
<br /> �-..%�r.: �j Baaefic��y,until the Notes are paid in full,a suffi(h�inaRer called the"Funds")equal to �
<br /> �.:,iy: �.
<br /> '� i�� on�o-twel�.`�.�(�/12)of the yearly tar�e�and asse.ssaacnts vat�d:may attain priority or��s this Deed �,
<br />'���'? of'hus�r��essanably estiffiated c�we basis of asse.ssffi.�aad b�73s and reasa���es�mates
<br /> "�; :t�r�eof. 3'�e flmds sl�l2 be held i�an iastitugie.�,rhe deposits or acco�ts o£u���s insue�d R
<br /> ;;;i :; r�;*��J 8 fCdC[�tL OY StBtG 0$etlCy. l'�ce�ciarY�aPPiy�z��ds aa�',�:sa�t� ._
<br /> .... .fy. ..._ .
<br /> :::: aad a�as��. TI�e Fuavds are h�rcebY g2e�lged as ad�at�M.�!sccu�i�}�.�Y the Iy�::�ir��
<br /> �_t,���'. ,, �a
<br /> tbis Deed'��Tru�� If tine a�aoumt of t�s F1n�ds hel���Yct�.�efiaiary sHall�.Ya��tt�„amcunt
<br /> �.,'��'•� req�ared to pay sa�d ta�ce5 ar�d assessments as t1�,.�-'•'�'�:afl�a�, s�rch��zss s�aU`�'�credi2e�ta�
<br /> r 8 `.,
<br /> ;.,,� :
<br /> � '�'ruator against futuge i..�sstalI�aents oY rua�ds. �t��au��of the�ands held by�enGfcc�y►
<br /> � c.•:?; s�all a�t be saff�i�n:� pay taRes and as:������ey �aU �r.�, Tiwtar shall pay w
<br />`:':��-' Bmaficiary any amotmt necessa�ry t�matce up the deficiez�:.���vithi�►thi�ty(30)aa:'g�trom tIu datc
<br /> '�.;:r,: notice is mailcd by B�aefificiaty tn Tnumr r�ue�ting PaYment tber�eo�� �Tpo� ''�pi~�at ia fiilI of.
<br /> a
<br />��:�.i��` z�e Notes,�eaefic�,�,- .�ifl promptly:e8.uzd tr��iustar ar�r Funda T��.�q Be,c�ciaty. ���,� �
<br /> .,.�.�; ; , `�ivst Propetty is f���tosed by �ene�c��xg aa the ?r�st Proper�p n�.mth�,s� acquire�3�Y _
<br /> $en�fiei�y�ene�ciary sball apply.immedia�ely prior to the sale of�4�te��periy oz its
<br />�� �, . acquisition by l�entfcciary,any Fwads he�d by Heneficiar��t she=ime of appli�r�n,as a credit -�
<br /> .;#�� against tha Iadebted��ss. Notwi3hsmnding t�e foresoing,an,d withaut a�avia��ts rig�t to the —
<br /> ,�. �
<br /> t:.
<br /> �' -2-
<br /> ,:.
<br /> i � .
<br /> ,, ., . , .
<br /> ,;�'1�. � '
<br /> ;•i: . ,
<br /> :i.
<br /> _ • .� ,
<br /> .. . . . . �' • � . �f.ri�, . � ,; . . , .. . � . �. •
<br /> . ._ .. _ ,_� _ „. ,. . . . , . •
<br /> .. , , . ,�.: � , • ' ' : '. . • _ , ' •
<br /> . - ' ' ',.,•.
<br /> _ -, .� . . .. . �� ."lNNtt1�P _ , .ffanl y�Yi�..'t�. .. . , _
<br />� i t• .. � � ' „ . � .. .. _ - .. . -. .. . �. _ � ' . _ • ' � . _ . . . . .
<br /> ' .. . ' . .. . . • . . . .. . .. . � ; y. . , , . . � . � .. . ±� . .' . . -
<br /> . � ;. . ' . ' ' .. . ' .. • .. � , ... ���• � � ' , � ' •. . • .. . . . . ..
<br /> .. . � . . .•. .'- .. •` . . ... . ` �,� ' • . . . � ... . . _ � , . . • ., . .....
<br /> . . - � . . . . • � • ' ' . `3r� '� . . � ... ' . � u ..
<br /> " .. . . . . � . . .._ . • �. . . . . . � • . .'1. � � � . . .• .. ' .
<br /> .. . � . . ' � . .. l , ��. . . � •• ' ' ' i . . � , . � -_
<br />, . .._ _ . . . . . . .. . . - '- �. ... . 'i.' . .. ... .. �� •t . • .
<br /> ' . . . ' -- . `�)`1 "j ' ,5� , - _. ' . -.� � _
<br /> " •. . . t . . . . ' . • ' � ' . � .• ' . ._ •. . . . _ .. ... .. . t! '• . .. . " .. tl..�
<br />
|