|
��� ----�-��
<br /> _......a�.o,.�..�.+.��. - = _-
<br /> � - �.;=i—
<br /> � ,.`. �
<br /> .,,�,�dr.__-
<br /> .tili V4 _ � __ —
<br /> • ���i� __ _ 117 ��.��— �_ —
<br /> i __ . .. �....�. N�, '�)C,��l`�' � _�-
<br /> COVENANTC -
<br /> 1. ��ym�++t�. gonawer �►Q�Ma to msk� WI paY�nt� en 1M R�cix�d d�bt w►Nn dw. UnMcs Borrow+r And Ls+id�r �prn otherw+��. �ny {-
<br /> WYm+nt� Lsnd�r .�aiw+� trom Barrow�r a ttx Barow�r'� 1»+wi�t will ba �1�ad fa�t tm�it,i!of tM��urb rtt+bt occun for oW���a+. udw�l
<br /> ' •xclualw of►nt�r�at w p�cWal.��w^d to Int�r��t. �nd tMn to 9�inc�pal.lf pui�sl CrsD�Y --
<br /> , not nduc�a�xew��ny scMduNd D+Vrrwnl unW tlw�ucur�d d�bt u Da�d u�fuM. _
<br /> 2.CI�Mn�Ap�kMt TW�.Barrow�+will p�y W I�xN. su�oznwnt�.and otMi+chuyN�tlributaDt�to th�prop�+tY w�n���rfpht�e:u+�u a ^-
<br /> to 1iw pr,-�artv r.Galnat�nV elum�!vMch wou�d imaalr tM 1«�n of�a mitirliM io�4�ow oty f�inBth�i D�oRSrtY�� �'
<br /> d�fw+ui wNCh saroww�ruv haw W�+na�W►Wa who wi>D�v
<br /> �'__
<br /> 1. {nwusnca. BorrowN w�H kNP�M propwtV �++r+�u�r tirm� �ccspt�bi�to Lw�s �t Dorrowor'���me ��+d tor lsnd�r'� b�n�fit.AU --
<br /> fn,�K�r�u policNa�hail inc'r.,da a�tsr+siud mat �p�ctau��i�I�vor ot Undu.l�ndt�wi►1 ba namad s�bss pays�a s�tM irwurod on any cuCh ---
<br /> a a tt�i�ice�C c�Ad�bi�li L.�indativur�i�r.xi�s�+��i s+uancathBorrow�ir�ae��to�ma'+rua►n�wcth t�nsur tsna fo�r�lon�ac Lin��,requi�ei�ty -
<br />` i 4.PropKtY.Barow�r wi11 kwp thi MaDMN in pood conditio��nd makv aU np�1r4 nsaonsWY n�c��sarV• -
<br /> { g,Exp�ns�t,BorrawN�prM�to pay all L�ndar'c�xF�^���� �^c�ud'^0 na�onaEt�attorn�ys'fwi,if 8orrowe br�+ks any cov�n�nte in th�s dwd
<br /> jof trwt w u�anY oblt4iUon tscwsd by thk dwd of trwt.Barrawer w�il p�y th�s�amounta to L�nd�r��provkt�d in Cov�ns+u 9 of this desd ot �_
<br /> � uwt. �:
<br /> I 8. PAa S�curity kitwuta•Un��+�Borrowu fkst obtainc L�nde'c writt�n cons��t,gorrow�r will not m1�ki or Wrmit�ny ch�np�s to any prior
<br /> � s�curity i�t�ruts.BorrowW nul p�rtam �11 of Borrowu's oWipatio�u ur� ++►Y W�a mo�t�W��ds� of uust or other sscunty �o�eart�nt, �.=
<br />, .I inc{�dinp Borrowa'�cov�+unts to mak�paY�u wMn dw. ,...
<br /> 7.Aaipnm�K ot Rww�+d P�oRt�.Bo��ow�r aui�na to L�nd�r th�r�nt�and profitc ot tM proporty.UMac Borrow�r and L��haw ayrNd
<br /> � apinL oi�a�cWOUrt ppoBi i�d ric�vir cma ctak�potc�ubn a�man��thi p�oportY ar+d�cullact�tfhe ent Arny nnta�L ndir col�le�cts chau h� �E
<br /> np L._
<br /> � �n assWSitatad�xAo t�}MM�,�+'�^4��f rsn�t�will th�ri WDN i�YarnMiMOn tha sauuad �dabt as D ov�dadlM Cov�iw►�1any otMr `
<br /> r� 8.�MS��.����;pWyNd W�it p�wloprtwnU.Barow�r o reea to co Iy w�th tha provisbnF of any lease if this deed of trust is on �.
<br /> a�easehokl. If thw dNd of trust is on�unit m�condominium��p�a�n�ed�t�ve����. �rowu will p��form au of Barow�r'o dutias
<br /> ,u�r th�cownsnu,by-iaw�, a rwulat�au ot t1w wndom++wui _
<br /> Q, quthority p)LM�d�t to PM�am tor Bonow�r. If Borrow�r fafla to p�tform any of Bo�►ow�r's dutias w�oar thic dwd of tru�t, L�+xl�e may =
<br /> pc�wm th�dutiea or cwu tMm tu b�p�rform�d. Lmder may si�n Borrow�r's nartu or paY u►Y�mou�t if n�C�tsW 1or Pwiorrt+aa.^.�. N my �:
<br /> Ca�atruction on tM prop�tY�=d�scontinu�d or�ot cud�d on i��nisonabl�msnn�.Lu�maV d°wlwt�w'u�`��Y m a°�"`���`��4 _
<br />- sqF,tirity int�rat in tfN D�oW«Y.Thi�maV inCkid�comDt�tL�p tM cautruCtla�. �r
<br /> lsnS�r's t�ilun to psrta'm w�A eqt D���lud�Lsnder from sx�rc'slnp�Y of its othe►riphts un3es tM law or thia tiMd of tr�xt. o
<br /> �:
<br /> .,i Any amaunts paid by l�ndK to protact Under'a s�cwity inunet will b� s�cursd by thi�de�d of uuct. Such amow�ts wJ1 bs dus oa d�m� V
<br /> _ �nd wiU�a►intwut from th�daU of th�payorwnt until paiA k►fuU at th�i�twut rat�in aN�ct on th�s�cus�d dMbt•
<br />__F
<br />' 10. D�fwlt�nd Acc�Mrada+• If Borrowar fsila to mak� any Daym�nt when dus w br�atca any co�renants undpr this dNd of wst es sny �
<br /> � obpyatlor�c�ctued by thi�ds�d of tru�t a any prior mortQai�of de�d of trwt. lsndsr maN accNx�te t'�a matwity cf t!n��cund dabi ar�d `'
<br />- '- d�mand unm�disU paYrtw�t�!may invok�tM Poww of sa�a�d any otMr nn»dl��PKmitn�d bY+PPU��law. _.
<br />,.:�� 11.Rpw�t tor Noda of D�tault.It I�Mr�by rsqwst�d tt�at copia ot ths notias oi dc`.a•alt and sW b�s��t to es:h t��^M'h°is s RutY -
<br />-_,,�: hwsto,at th�addrass of uch such Perso�•ac s�t fath hw�in.
<br /> � � 12.Pow�r of Sat�.If the lender invokss d»pow�r ot sa�N.tM Truete�sha:l firat rscord in the offic�af the npkter oi da�ds of esch cou�ty
<br />``' � v�lwnln ths trust propanv o►som+D+n a P��c�l th�reoi ia c'tuat�d�notiu of d�fault eontai�k�p tito and t�otliW u�saa ie�isaTib�d=by --
<br /> et�sH�1so mail copi�+of the �otic�of d�fault to tt►�Borrows,to�ach pKSOn wlw is a party fiK
<br /> f10t ifl My
<br /> �yplic�bt�law. Not q:s thM o�» month aft�r tM Trustae records tM notic� of d�f�ult. or two mo�ths if tM truot propKty
<br /> incorpont�d city a villsfl!�nd'u us�d in farm'uip op��tionc carr'Nd on by th�tructor,tha Truste�chsU p'�w public notia of Nt�to tM pWao�s
<br /> �nd i�th�mannx pn�cr�bed bY��pPDi1�+��+w.TructN,w�thout dem�nd on Borrow�r,shNl sall tha p�op�rtY�t puLtia auctlon to tM hl0h��t
<br /> Wdtlxr.tt nquu�d by tha FKm HortN:te�d Prot�ction Act,TrustN�hall oHsr tM proP!�y in two sapx�te s�s�s rsQuk�d bY�PpNcabf�la�+•
<br />- Tnrw mav ooatco+w saN of dl a any puc�l of th�propwty by pubNc a�nounam�ni �t th�ttm�+nd P�of�^Y a��N���d�.
<br /> 7 4�nd�r or its dssi0tw maY Dutenas�tiw ProP�nY as��y::w.
<br /> Upon r�c�ipt ot p�YrtNnt ot the p►ice Dld,Truat�s sh�Il d�Gwr to tM p�rch�s�r TrustN's da�d conwYi�+�tM prop�ttY.Th�ncltists corstairnd in
<br />- TruttN's dN0 sh+ll bv D���f�cN�vidi�nc�of th�truth of th�stst�rrwnts contakNd th��in.Trwt�a at�A ap�piy th�p►ocs�d�of tM aN ln tM
<br /> tdbwinp a�Mr: (+1 to aY�xMnu� of th� uf�. Inck+di�0� but not umlt�d to, nuon�bb Truttu'� iNt. nason�bt� �ttansy's t� and
<br /> ninatatsm��t isu;(bl to UF sums s�c�u�d by thi�dNd of Vust,and(c)th�Wlanc�.i}anY.to th�Pwwru b0�lly�ntitUd�o ncdw it.
<br /> 13.Fa�alowt�.At I.�nd�►'s optan,thls dNd of uutt msy b�for�clos�!in th�mam��P�oWN by applic�bl�law ta forscloaun af matp�s
<br />= on rul propwtY.
<br />- 14.kap�etia+-Ur�d�r m�Y sntW tM P�oM�N to irup�ct it it t.u�du plws Borcowr notiu bstor�hand.7t»notf��must tt�t�t!w nasonahi�
<br />- cauu for L�ndW's intp�ctbn.
<br />= �g,Cond�Hon.BorrowK�ss�n�to L�ndw the proce�dt of any�ward a claim for dt�na�,e�s conrwct�0 w+th a oond�mn�tlon or othK t�kinp
<br />- ot aQ or my psrt ot th� prcPMN. uch proa�ds wiu b�sppti�d�s provid�d in Covuunt 1.This�asi0nrtrnt is subj�t to tM twm�of any pria
<br />= s�CUlity aprs�mMt.
<br /> :g 16.W�iwr.By�xsrclsiep�ny remsdy avai(sbN to Lende�,Und�r dw�not yiw up��ny riqhts to late uss�ny otMr nmedy.By not�x�rcisin0
<br /> ; ,� anY nm�dY upon Bo►rowr's dstautt.LendK dws not waiw�ny�ipht to 4ta contiWr dw�wnt a d�fault if it naDW��Oain.
<br />'-.� 17. JoM�t�nd S�wr�i �ky� Co-�a: Succarocs �nd Asslpn�Baund. All dutNs und�r this da�d of wst u�jolnt�nd avK�l.Any
<br /> � Borrowe� wAo co-s10ns this d��d o} truct but dws not casiyn th�undsrlyinp d�bt kuVum�ntfsl das so on1Y to Want �nd conwy thst
<br /> �r,� Borrower's int�nit in the p�op�rtY to tt�TrwtN under ttw tKm�ys po�f this cM�o or tnut.tn additlon,such�Bortuw�r WrNi that tM I.�ndK a�d
<br /> _ �d�bt w�itAout�irt�Bot o�s�ind wit ait i�iMasinp t�h+�t�orrow�►from tf��C��1s d�i�d ofmtrust tl�is dMd of Vust or the aCUrM
<br />'� TM dutiss and Wrwfits o1 ttw G�d of uust shall bind�nd b�n�fit th�suceaswn and ss�lpns ot L�r and Barrowr.
<br />� 1S.Ndic�.UMuc otharwise repuired by law,�nY notice to 6onow�r shall be 9iwn by daiiwrinp it or by maAinp it by cwtified mail�ddt�stad to
<br />� Borrow�r at ttw proD�Y��o+any oth�r addre�s that BorrowK has a�wn to Unda�.Borrow�r w�l piw any�otics to Under by c�fled
<br /> msil to Ur�'i�ddnss on ps0�1 of tfiis dMd of vuet,a to any otMr Wdr�ss which L�nd�r hu desiW►at�d.Any otMr notic�to l,�nde+shall
<br />:�. be ant to 4ndr's atid�u�a�stst�d on pap�7 ot thk dNd of vu�t.
<br /> y qny notie�t1+a;1 bs d�rnd to haw bwn piwn to Borroww a L.�ndsr wlwn 9iwn in the marr►w�i+t�d abnv�.
<br />. � � 19.T�ansta�af tlu Prop��19 a�6�11da1 NtK�tt In sl+�BortowK.If all a any prt of ths property bo►�ny intenst in it u sold a traruf�rtsd
<br /> witiwut L�ibM'� prlor wt[tten contant, L�t�r m�y dam� immediaU paY�M of th�e�eund de t. L�ndK may aiso d�mand imm�diate
<br /> a.� D�yr,�ar►t�f ttN Borrower ia not a natu►a!ptrsan and e h�eficiel Fr�ts►eat in ttw Bonovwr is�oW or transferrb. Fico�wvK. L�ndK rtNy^ot
<br />_ ,� Gmand paym��t i�tns iw>w situ:tbn:it it i:R'ahitriiad bV fe�a}I�w a�ot th�dst�of thic dMd ot trWt
<br />:-� � yp,R�eo�wyanc�.Wh1n the obliy�tion sacured by this dsed of trutt has been p�ld. and L�rW�r has no furthar obliyation to m�k� advancss
<br /> und�r tM incvum�nu or a re�mMU securad by thts deed ot Vuct,th�Fsxt�s ch�ll,upon written requect bv the Lender,rsconvey th�trust
<br /> % propKty.Th� LendK shotl�iwr to the Borrower,or to Borrowa'c wcussor in interast,the uust da�d and th�not�o+r oU��vid�nc�of tM
<br /> oWipation w satisflb. Borrow�r shalf p�y any racordation costs.
<br /> � • 21. Sua�swr Tru�.Lund�r, at Lender'� opYwn, maY removs Tructse and spPOint a successor vucte� by first m�iHnp a copY of the
<br /> subttrtuUon ot vustes aa requKSd by applicabl�law,and�sn,by filinq th�substitutiosi of truste�for ncord in ths of�c�ot th�raGist�r uf dMds
<br /> of each cow►ty in whieh th�trust prop�rty�.or some Dart tharaof.ic s+twted.Ths successor Vuste�,without convsyance of th�pccPwtY,shall
<br /> sucos�d to e11 ths powsr,duti�s,authorrt�/x+C irtle of the Trustw named in tl�e dMd ot Vust and ot�nY wccsssor tn+stes.
<br /> Ip�pr 2 0l il
<br /> �AHKEAi iVtTEM4.WC..LT.CLOtID.lAN 6l301 Il-s00��97-23�!)iGAM GCfJ�(TWrE il1�/Yt
<br /> , ., .r
<br /> . i 7�'�i
<br /> I �.+, �
<br /> j ......� _. .-. .<aa. ac -4si:t7.. .. --....,:at-__
<br />. � . . _..� .,. . qw. . � . . . ____ --_:.
<br />
|