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<br /> � thor�of,ttw ronta�payAbla thfxounder,ar to chan�a any�anawal pr�vi�;ti�n�therein contalned;(d)v+�alve any delaul�
<br /> thpnu�d�ror brNCh 1MtraoF,(e)�Iw Rny COti9ent,Wil�B�Ol Op�1tOV�i14kIQF�und�r or tak�any othe��ctlon In cnrmeclion
<br /> �; Ih�r�wlth,crwlthal�ssesth�teunder,whlchwould�evetheeNt�atr�9�snpairinflt�vAlueofl�aso��interagtttie��aunclaror
<br /> i tha proparry subJo�t thtreto,ar of impalrinp th�position or intc�rent oi the Tru�tt,s or E3e�N�ci�ry;nr(f)sell,asslgn,pledgo,
<br /> , � mortprrqaoroth�rwisadispos�og.or�ncumbarits�lntarestinanNoaldl8aseoreny�enta,l9suo9orprotitslsauain�or►lainq
<br /> � tt►8reundei.
<br /> aUTiES OF THE TiiUSTEE:Trusiar ag�aaa tna�;f a)the duii�a a�c9 ob�i�sYons at Trustea shaU�a data:minsd solely by
<br /> t tha oxpr�s�provlslor�s c►f this Daed ol Truat and tt�e Trustaa�1a11�nat be Ilable except tor tnt�peROrma�ce of suci��uU�.s
<br /> , and obli�eUon3�Ara tpeCitiCAlty set torth�erain,and na impNod c�ti�onan2s or oblipations shall ba impose�d upon the
<br /> ; � Tru�lee;(b)no proo4 thlx Deed of Trus1 shall raquire Yrustee ta exp�tnti or rlsk it9 owR funds,or othervvise inCUr Ilnancial
<br /> j obti9atbn In the pertamance ot any of its dutl�e hereunder,or in thp exarcise of any afi ita rights or powe�s,ii ii shafi have
<br /> i pround�tarbelievinflthattherepayme�totsuchfund9oradequotuindamnlryaaalnstsuchrisko�liabitirylsnotreusonably
<br /> assured to ih(c�Trustee msy consult with counsal of ita own chaoAit�p and the advice ot such counsel shall be tull and
<br /> complete euthorizstion and protaction in tha�ospect of any actipn tukan or suftered by it hereunder in goo@ faith�nd In
<br /> , reliance the�eon;(d)Tru�tee shall not be liablelor any actlpn tbkan b��it in flood tafth and raasonaWy belleved by it to be
<br /> authoruedos wiWn the doscrepon or rl�hts of powere coniterrQd upa�it by thls Deed ol l'�ust
<br /> TRUST�E'S FEES:Trustor expressty covenanta and a�reas ta pap and discha�ge all cost,fees and expenses otthla
<br />- Deed o1 Trust,includlnp In the svent of sale by tha Trustee o!auch pr4perry,the Trustee's costs,expenses and iees,which
<br /> teas chall not excaed SS00.00 plua K oi 19G of the amount secur4d ha�eby and remalnlny �mpaid.
<br /> SUBSTITUTION OF TRUSTEE:That Benetiaiary may,irom timA ta Jme,by inst�ument in writl�g,substltute a suecessa o�
<br />: t successore to any T�ustee nemed her�in or actinp heround�r, which Inst�ument, executed antl acknowledged by
<br /> Beneliclary and reco�ded In the offlce of tl�a rogiater ot deed�oi tl�e counry or counties where such propeity is altuated.
<br /> Y shatlb�concluslvep�oofofpropersubstitutlonoEsuchTru�tuaorTrusteeswhoshaUwithoutconvsyanc�hare4deeSrusOe�a
<br /> , predecessor.succeed to all its titte.estate riyhts.power end dutias.
<br /> a NO WAIVER BY BENEFICIARY: No waivor b�•Trustae or Beneficiary of any r19ht unde�this Deed of Trust shall be
<br /> � efiective unless in w�itinfl.Waiver by Trustae or Benef�iary af any rlght pranted to Trustee or Be�eficlary under this Deed of
<br /> � Trustorotanyprovisionoftt�isDeedofTruatastaan��tran�actbnoroccurrencesshapnotbedeemedawaiverastoany
<br /> future transaction or occurences.By accepting pa�►mant of any sum secured hereby sfter its due date.or by makin9 any
<br /> � payment a periorming any act on behalf o1 T►ustar thAt Tru9tor was obflgated hereunder,but tailed to make o�perform or
<br /> .#�_ bynddinganypaymentaomadebyTrusteeorBenaf+ciAnrtotheindebtedaesssecuredhereby,BeneBciarydoesnotwalve
<br />- itsrighttorequirepromptpaymentwhenduoofaqotfia�sums�osecuredortorequirepromptperlfora�anceofs9lotheracts
<br /> requlred hereunder,or to declare hereu�dur,pr to declare a default fc�tailu�e so to pay.
<br /> WAt'���iOF STATUTE OF UMITATIONS:Time is of the essence in aA Trustor's o�igaUons hereunder.a�d�to the exienR
<br /> pesmiti�by law,TrusWr waives r�10 present or tuture stat��os of limitatiQa�s with resp�act to any debt,demand o��bti9atiort
<br />- secured hereby in any action or proceedinp for the pu�pose of enforcic��this Trust o�any �ight w remadies hereundor.
<br />- INSPECTtON AND BUSlNESS RECOROS:Beneflciary at any time durinfl the continuation of thla Trust may enter and
<br /> � in�ect such propery at any reasonable time.Trusior agrees thaf,whe���uested by BeneRctary,Trustor wilt prc�mptly
<br /> deUver to 8enefi�clary such certiiled financisl statements and profit and Ic�ss stateme�ts of such types and atsuch intsrvals
<br />- as may I�e required by Beneficlary which will be in form end conte�t prepared acco�din�to the usual and accepfable
<br />- accountir►y pri�ciples and practices,which statements shall cover the financial aperabons re;a�ng to Truatw or such
<br />--� properry and Trustor�urther a�rees when reeqa�ssted by Beneficiary W promptty defiver in writir�j such turt�addiUonat
<br />,-_� information as required by BeneGciary relatin�to any such flna�cial statementa
<br /> � RENiEDIES:No remedy heoeiu�ovided shall be exctu��re of any other remedy�erein or now or hefeatter�xlstin9 by
<br />:-•� Iaw,butshaUbecurt;aclative.Everypow�orrerv�edyhere5ypiventoTn�steeortoBe�e�clatyortowhicheitherofthemmay
<br /> be otherwise entltled,may be exercised frare'tianeto time and ss often as may be deemed expedient by them,and either of
<br /> them may pwsue inconaistent remedies.lf Beneficiary holds any additional security for any obliqatbn s�ecured hereby,it
<br /> may entorce the aale the�eof at iis optlon.either befo�e,contemporaneously with,or atter tAe eale ia ma►de�eunder and
<br />_� on any delault ot Truator, Ber►�fciary may. at its optlon. offset a9ainst any indebtedness secured hereby,and thb
<br /> Ben�ctary is hereby authorizec9 and empowered at ita option,without any obOgadon so to do,and without at�ec,tinq ihe
<br />�,� oWlpatioru hereoi,to apply toward the payment of any indebtedness ot the Trustw to the BeneficEary,any and all swma a�
<br /> money of Trusta which may have in its possession or under Its contasl,including without lirt�itic,�the generatily ot th�
<br />_� fore�oin�any savin�s account cfepos+t,investment ceitificate,escrow or trust funds
<br />_� LAW APPUCABLE:That this Deed oi Trust shall be ccnsirued according to the laws of the Staf+a of �a� .
<br />�_� ILLEGAUTY:In the event that any provisiare or ctause ot this Oeec!of Yrust conflicts with appiicable taw,such conNict
<br /> shall not aftect other provisians of this Deed oPTrust which can be glven effect withoutthe confllcl�c,g provlaion,and to this
<br />_-- end the provisions ot t�is Deed at Trusi are declared to be severablo.
<br /> .�. GENERALPROVISIONS:(a)ThisDeedofTrustappliesto.inurestothebene�itof,andbindsallp�rtiasherezcs.theirheirs.
<br /> _ la�at��. dc�:i�.�.a�cssiai�tars,axs;.utar^,�su:.c�rs.:ru!r.w3gns.(bj�t;.sm"l::.a;.�a!:s,�."sF.:::�r.:..:r.t�.^o�s�,:
<br /> � and hotder(includin9 a pled�ee)of any note secured hereby.whether or nat named as Benefi;.iscy herein.(c)Wherever
<br />;� the contextso requires,the masculine�ender incl�des the faminine and neuter.the sinyular number inclu,desthe ptural.
<br /> and vice versa.(d) Captlons and parayraph headings used herein are tor convenience only.are not ff aart oi thls
<br /> � aq�eeme�;a�d shall not be used in construing it If more than one person is named hereln as Trustor,eacll cr9oligation of
<br /> � Trustor stwU be the joint and several obligation of each such person.The ri�hts o�remedies 9ranteC hereunder.or by law.
<br /> sP�all not be exclualve,b�t ahall be conaur�ent and cumulativa
<br /> TRUSTEE ACCEPTSthis T�ust when this Deed.duty executed and acknowledged,is made a public record as providecl
<br /> by I�w.Truatee is nat obligated to notity any party hereto of pending sale under any other Deed of Trust or any action or
<br />' proceedinfl in whlch Trustor.Beneficiary or Trustee shall be a party,unless brousht by T�ustee.
<br /> Mailing eddress for notices W TrusWr. CONSTRUCTtON SEGURIiY INTERESI
<br /> Th'f AOr�^�ueur�s m obL•y�ta� wHel� �M irusto�.
<br /> WWa �newr�d!a fh� W+rDO:e ol ew,a4in� i�qo��
<br /> � rM Rwl Estda in w►wcA flw ConWuuion S�cwir
<br /> M�wad is 9iv«e.
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