|
_�__ .
<br /> - -- - - �_.
<br /> .
<br /> _�...�r.,,.�.����o--�—.Y- - �---- —. .._ - - - _.______._ _
<br /> ' gb- �.��'7�
<br /> cov�wyss ' ��
<br /> �, psymMt� Fi.x�ow�r ap�NS to mak� �!I paym�nU on tM� t�cw�ci cNrbt wMn du�. Unl�ts Borrewu and Lend�r apr�� othaiw�se. �nv _
<br /> p�yrn��itt L�ndor ncaiva�hom BOrrow�r or�or Borcow�r's D�Mlit will b�app��sd firct to �ny amuunts Bortow�r aw�� on tM s�cur�d d�bt _
<br /> •MCIUIIV�of Irt�r��t ot Frincipal, ��cax!to I+u�raa7, and tl►�n to pri+wiP�1•u P+n�+�1x�P+Ym�nc of tM��sur�d ds�';oscwa tor�ny r�swn,it wi11 �
<br /> � �+ui r�ciuc�a�uccuc�w�y eCfudula�ps�-r^.artt uneM tfis Mctwd Mbt 4�Nk1 in tutl. F
<br /> ' �.Clrw�w A�iat TiSfa.B�+roK�r wilt pay all t�x�s, ui�c�nMnt�.�d ath�r Ghar�u yttribuUCN to tf��+op�rty wtun du�and wdl d�t��xl Gtl�
<br /> jto th�pro�tVap+(nct+�Y clslms whict+would Imp�k th�Iwn af tN�ds�d of trust.L�rW�► m�y raquir�Barowar �o�s�lpn wiV riphta,cfalms or �
<br /> ; d�f�usa whlch 9arowu maY haw�p�t P�������a�t�lal�to irnprovv a ma�nta+n th�proW�tv �
<br />- ' 3.G�:s�i�xa. Borrawz� �vil! F.�lp th. nro�rty i�atx�wid�r UrnA aCC�Pt��to L�nder at Botrow�r's�xp�nca aod for L�nd�r's Wne1it. All �,
<br /> iMw�nc�poHclu th�ll Inek��tt�ndard nwrta•p�eliwsa In favar of(.��r.Und�r wui tw n+��ad a:lo;:payea er ae thee in�w.d on�ny such 4
<br /> ' +MUt�nci poNcy.Any i+uar�ica pror.aaJa maY�+sp p���d,wlthln Len�'�c11�rr�tb�,to�ithu th�ra�toraUo�w raaik of tha d�msfled FropsnY �
<br /> : l or to t1r a�c�r�d d�bt.If L�++dw nquir�s mortG�p�i'w+u+nc�.BorrowK rprw�to matntain such iruunnc�fcx�It bnp�a UI►d�r rpuir�c. �
<br /> �.Prapwty.Borrowa�w�U ka�p th�proWKtY In pot+d co�b�tbn snd msk�aU►ep�k�raa4orublY rwoasu+V• -
<br /> ! E,EiQlns��.Barrow�r agrN�to pav atl Lor�+'�oxp�nsu,I�clud�np reuoruiDl�attwn�ys'fwc, d Bwrower break�my cov�nanta in thic de�d __
<br /> i of trwt a in u�y obUGatb^s�c�sr�d�y thls d�W of uust.Barrowu w�ii pay ihece amaunte to tsr�er aa provlded in Cov�na�t 9 of thls dNd of _
<br /> uwt.
<br /> � 0. Prior S�cwlty Intw��t�,Unlas�Borrow�r fint obt�irw Lendar'a wrlKOn cansont, Borrower will not maka or parniit A�y Cha+s�w to any prtor --
<br /> . I t�cWity int�r�st�. 8o��ow�► will p�rfotm �11 0l Borrow�r's obti{�atlo�u wtidor �ny prlor mortQ�yv. d�od of uumt ar othr�r s�p..�urrtY Wrs�m�nt, r
<br /> � w�ctudinp Borrowu'�cownana�o mako paym�nu wMi+►dw. --
<br /> { 7.At t of St�nt�W+d Ftc�ia•aorruw�r�saiyn�to Lorxl�r ttw ie�ta and profits ot the psrs+e�w UnbAA Bo:rowar and LM.iar h�w��yrpad r
<br /> , ottwrw in writlny Borrow�r m�y coll�ct�nd rst�ln tM nnt� o lonp�n Borrow�r is not �+�tiya�aWt. �� Barrow�r d�7�uRs, Ln��:Ia;,i.��.ie:S
<br /> apent, or a cowt�ppoint�d r�aslwr may t�ko posrassbn and mm�pe th�{xoParty and colb:t t+w remc. AoK tents Undar crlta.tc c'w�R M �.
<br /> � �pp{l�d firEt to th��acts of msnsp�n th�propart��, includinp court costs a�d a':or^.aVS' fess, c�mmistiona tn nnta�agents. e,1d wny otMi =
<br /> rwcosauY r�lat�d exp�c�n.Th�t��p N�t of nnt�wiU tMn�pPty to P�yma;�ts o�th�sacund dabt aa provided io Cov�na►it 1. —
<br /> 8.LMSN►ddr Ca►do�r�fe�M++nt:Plw�id UNt Q+��•�row�r� rws to compiy wlth ttw p�oweior►�of any Nu�if thia dae3.if truet is on --
<br /> : �u th�otd.I�w�t�by liwa.or�rspuitbni of ttt�co���ndomMdum a pti��wut d�v�wiba��nt.4 F�novir�r wiY pNtam aU vf f;a:�w�r's dutl�s =
<br /> 9. AutAority of l��to P�rform tor tarow�r. If 6^.aowsr isili ta M�fam any of Bortowar's aistvs u:x^?�� ths ee�ad ot trust. Undar maV =
<br /> p�rform tM dutie�or cauc�tlwm to b�p�rtormacf.E�rx�x may sqn Bo+row�r'c nsm�a paY a�y am�unt if�:asssrY for p�riwmsnce.If any �.
<br /> cautruction on tMp�opKty ic dicco�tiiw�d a nai cr-�a.�on in a na:orubl�ma+vw+,Londar msY do wlut��v is�va�uY to prot�ct L�rxNr'y E;
<br /> . �� s�a+citV N�tW�st in th�propartY.Thtc may inctuda c�mpt;�tuw ttu ca+utru.°tion. r
<br /> � L��dw's i�ku�to psrform will not pc�ck+d�L�nd�r trom�xuc3s:n�uoy of itf othw�iphW widu Ur��ow a thic c�wi ot aust. _
<br /> ,j Any amounts psld by lMder to r.�r�tect L�nd�r's s�eurity int�root wIB b�s�curad by thia d�i ct�rue�t.Src!►omounts wi!!b�dw o� d�mand
<br /> '� uW wU!b�sr Int�u�ct f•.um tlw C1�'ir ui th�P�Ym�c►t until paid in fuU at th�It�tawt r�t�in�H�ct or�L'q ssa»�d da5t. _
<br /> �.s -
<br /> + 10. D�hutt�nd Acaait�rat�t+• 14 B�rrowar taila to mtke any paym�nt wh�n dw or E�eaka ony crovoi�:eiy un�r thta d��d of truci a any _,
<br /> � ' oWipatla�e�cund Dy ti�k dra�04 wct or any p��or mort0+g�a+dNd o?trust,Ur�ma���ccr7erat�t1�matwity of ttw a�cw�d ct�bi u�d _
<br /> domand knn►�iiat�paYm�rtt uvd m�v involu tM powK of ul�and anY oth�r r�di�s PWmlttod b�a;�D�+�+raw. °
<br />�� 11.Rp�wt for Hodc�of Wf�uit.f:is hsnby rsquectsd that copl�a of tM r►otics�of defautt o:��sa�ba s�nt to each pe�aon who ts�party
<br /> • hw�ro,at th�addrua of�sc1�cuct�Pwsa+.u Nt forth hW�tn.
<br />:�; 12.Poww of SM�.tf tt�i L�ndW InvokN tM powe+of saf�,tM TrwtM shall f'xat ncord in th�oftic�ot tha�ro�ist�r of dNds of uch county
<br /> whsrd�tM trwt pr�perN a sorr�W►t w Parcel t'�ereaf ii titwt�d� notia of ifc�ault co�t�inlrq the lnlon-wi�an n�ulnd by law. Th�TrustM
<br />;�. �hall atw ma�l copiw ot ttw notk�of deiauft to 2i�e Sorrowsr,to uch p�r�on who is a parcy h�r�to, �na ia cYher paoons upr acrib�d�y =
<br /> applic:bf� law. Not kss th+� orn month aftsr tha Tnctw r�cotca tha notic�of d�fauit cr two mo�ths if�?w trwt proprrty ia not in �ny
<br /> i�ccr�pa+atsd city a villsp�and la ucod Ir�fuminp opsratlorn ca�nea an by tM Uwtor,th��r�SLme shstl pivo public notln of ssN to the p�sone
<br /> _� and in the ms�r pr�suib�d by��p6.1^ricsbi�taw. Trust�e,wIt':asn dsmand on BorrowN, sha:�s.�r th�property�t public auction ta th�hlphat
<br />.-� bi�ider,tf rpuir�d hy tM F�rm hWr.+es!tad Prot�eYan Act,Trustea s'�all oHa tM property in tvco s�pants s�lss�f raquksd Ay appAcabt�law.
<br /> TrustN may PostRvn�s�f�of sU or any p�c�l ot HM D+�t1!bY D�����t at tM tim��nd plaC�Of any pi�vioutN�ell�dulb saM.
<br /> I.�ndM a iU d�siGr�m+Y P�chsts Z!�PraPertY�:�nY ssb.
<br />� Upon nc�IDt o�f p� �nt of ths price 2v�,TructN s!+aSi d�Nvsr to ths purchas�r Tructoo'�dNd conwYinp th�prop�rty.Th�ncitlsla contaM�d in
<br /> TrtutM'a deW�G prima fscie�viSiu�cs of th�uuth of tha at�terrwntt cont�k�d tlxroln.TrtstN sh81 applY th�prots�da ot th�saN in th�
<br /> s..�.._..-,�.,� :.�..• i.Z *n .Y �Y�� of th� aal�, inckulirq. but not GmKtd to, nuonaWo Tn:st�e's fw�, r�atonaW� attorn�y'� fw� uxl
<br />.=?�'� r�s•.�ment fan:(bl to�11 wm�auaw�d by this dMd of uust,an0 tc�ttw oalsnc+,ii a�Y.to vre o�+��wi�y.��::�tc.r:o:::�it. -
<br />;+�!� 73.F�nclaw�.At L�r'a option.tAis dNd of Vust maY be tancbsed in ths maruwr Provid�by app{icsbb law for tor�closur�o!mo+tpsp�s
<br />.-�� on aal P��t1l•
<br /> 74.k�sp�cdon.1�n8�r may�ntu tM P��nY te wspact it if L�nder yives Borrower notia Wfa�hand.Th��otiu must stst�th�rsuonabk
<br /> is� cx�sa tor l�rrdu'�w�sp�etion.
<br /> ��l �5,�n�r�etion,gorrmiwr sss�na w� t�th�procNdi of as+y�wud a dalm ta damape�s corwNCt�d with a condemnation o�oth«taWnp
<br /> � ol W�r sny paR of th�Drop�rtY•Suc'�proc�I�witl b�appli�d as�rovid�d in Cov�nant 1.7his assipru►wnt Is suEj�ct to tha tarmc of any prlor
<br /> ��curity prMmwft.
<br /> `��� 16.W�iwr.By�xePS'a'u+p snY r�y avaitabl�tu Lsndsr.land�r do�i not piw up my rishts to Istx uts�e�o h�r nm�dy.By not�xarcisin0
<br /> �ny artMdy upon Borsaw�'i d�fautt,LncNr doss not waiw any dpht to Ist�►co+u+da th��wnt a d�fwh if it l�ns�pain.
<br />`.�— 17.Joint ind SwKal U�6ility�Co-si�r. SuceNSOn �nd AsAO�►� iawW. All duties undx thl� deW o} tru:t u�joi�t �nd sw��l. Any -
<br />:�► Bortov�crr who eo-sipni thk d ot trust but dws not co-sipn th�unQKty�1 d�bt irutrucee�tt�) doct so o�fly to yrsnt �nd cot�wy that
<br /> Boncv�sr's int�rut in tM prop�rty'a ttw TruetN undK thr t�rrtu of thk d�W of uust.In Wdit�such�Borrowu aprNS that th�Lsnd�t Md
<br /> anY other Borro�wr unde this dse?of mut may�xt�nd,modifv a mak��ny otMr chsnp�s isa r!ta tKms of tl�is dNd of vust or ths�cund
<br /> dWt without that Bonorwr's co+wnt a�d witha+t nNasinp that Borrowar Bom th�tems o!this u�!cf trwL
<br /> TM dut3�s and bas��ta oi thia dMd of Vust W+a1!D�`r and b�n�fit th�succ�uors ar�d assiyns of Lad�r�rw£6w�auar. -
<br /> t�,lfr.�.Unleu athuwit��equtred by(aw,any notic�to BorraNar shsN be giwn by deliwrirt5�ic cr by mailinp it Dy cKti£ad mai7�a�sed to -
<br /> Bcwnrr�r�t tM proawtv sddreu or an oH+u addrsa tlut Homwwr has piwn to LsndN.Bocmc�eu w�l�iw any notic�to L�nd�r bY cKtitl�d
<br /> Y� tl
<br /> maf to GndK's addnss on pag�1 of this dMd of truct,or to a�r�nttwr addrsss which Lender Pae d�sipnated.My othe►noaia m Lender shaY
<br /> p�s�nt 2�i.�ndrr's addnu as sLt�d on pap�1 of thi�dwd of 7a:si.
<br /> /,ny notic��haY b�d�n�d to h�w bwn�iwn to Borrower or L�nde►when piwn in tM mwwr stsUd�bov�.
<br /> �" i.ic,.
<br />'�° ti 19.Transi�r of th�P+ap�rtY o►�B�Aetd t�+at i^tM Bort°ww. It a11 or any pxt of tha proW�rty cr any trtcenst ln it i�sold or varu4erred
<br /> � ,�i: witf+out LendK'� p�ia writtm corts�nt. Unda may dsma�d inurwdiats psyment of tFw�ewred d�bt. L�ndsr rt►ay aleo d�ns�d imrt�st� _
<br /> = paYm�nt if ttw Bortovwr i� not�natunl prrwn�nd a b�nsflclil Intu�tt in th�Borrovwr ts caW w trancf�rnQ. Howawr. ls� msy not
<br />: '•• �D�Y��In t!a abow c�xCmrn N It i�prohibaad by f�d�nl taw u of th�dat�of tMs d�ct at truct.
<br />'._�;'� TR:R�oa�wY+na. WMn th� oWpation soaued by this d»d of trust hss bssn paid, u�d Le�x:+�Asc no furtiwr o6lipatio��o mak� sQvancoc
<br /> uncW th�lnetrums-tt or apr�n�nts sscund by ttus d�sd of tnut, tM Trusta�shW,upon writt�n rsausat�� � l«�d�r,reconwY th�Vu,s2
<br /> =�`,'�. orop�rty TM Lmcfuc sh�t Go:�vx to tfia BaTOwsr,a to Bwrowa's sucucaa�r intaract,thv mut dva0 mni�c�ase os a�r evidence oE tY!e
<br /> �c^-7 ob4pation w sstic:.�d.Borroww thall WY any recordstion costa. _
<br />"��� 21, Su�eNaor Trustw, Unda, �t Leoder'a option, may rsmove Trustss and appoint a soccs�cor vuste� by first, rr�+Q a copy of tlw
<br /> substitution of vuste���rsquir�d by spplicabt�1aw,and th�n,by fil�tM substitutbn o4 Vust�a fa rscord in tM o�cs of ihe repister of Q�sds
<br /> of�ach couMY in M+hich ths trust prop�rty.a sortwp�t ttwreof.ii sitwtsd.Ths successor vus4e�,without conveyance oi ttv prop�rty,cha�l
<br /> � sucCMd to W the Power,dutie�.�uthoritY and title of tht Trust„rwt�in th�dMd of Vutt u�d oS�nY weassot Vust�s.
<br /> .
<br /> fpeq 2 ot 21
<br />- MlilifAi iYfTiYi.IMC..s7.C�ONQ.Y116�301 I1-�00-3l7•23411 FQMr OCRMT6NE 6!1l/97
<br />
|