|
�c•( '�d p �•:r . . v .�s.r orr+-�
<br /> 1(l.j�;j� ���1:> .y>w.�:�.1tiHK.Y��qtllMl�ye�NY�6uM
<br /> �.:\�i� -� , • � . .�' �: __
<br /> ,
<br /> ., ,
<br /> ., i
<br /> Y.. . . '�rw� Iyq�I 1. .�N � _ - �Yi=. - . .
<br /> 1 ---- - -- --- - -- - —r1.�•.DJ�•����yi�/:.�:: % r' , ��-.....J:l�Cltiau�w�wm -
<br /> r �-"�.,.__6.___-___—
<br /> '
<br />-:c�_ —_ m�.�z-.,....._.�.�__... . - ..r�.,-.._w.-,->;rvx--..�..,._.. ' __
<br /> F.�:.=-.-_.-�...�_�.'���Tl�.!4P16L:'d.:':'C''.�ZTiI`=�w�_._nasr�a�r�wwvrt.�+�n4r._..,.,..,......,.�......:._ _ .T.zr�_-.w,_:_--
<br /> —— ---
<br /> --.__---..,..-----
<br /> .-vre��-.�er_iais.:-�w�!wnra=s•.�xr�wve.r-s•.tn�wic,.-,,•••�.;�,-�-.....�_.
<br /> . •, I(6;•�Z� ry L:-.,..-.:
<br /> . Ci/���� �.y..-.
<br /> • • OC�.�. �Q�i�ee.7.� °_�
<br /> �8°' �Q�
<br /> q, �yi pde for,�meot of Chern�. Subject to appllcnble taw or to a written
<br /> waiver by B�neflclery,Truatar s��all pey to Beneflciary on tha first day of each month,or
<br /> such other dste esoh month as may be apealAod by Beneficiary,ur�Yil iP�e Inc�ebYetinecc la L--
<br /> pald in full,e aum Iherelnafter called the"Funds") equsl to 1112th of the yearly taxes end
<br /> aeaeasmenta whi�h may attain prlorlty over thia Deed of Trust and pround renta on the
<br /> T�u�t Property,If eny, plua 1/12th of the yearly premlum inatatiment�for hazard insu►enco,
<br /> ptus 1/12th af the yearly premium Inatallment�for mort0a0e frsourance, if any, all es
<br /> reeaonably e�timated initially and from tlme to time by BeneflCiary on the basis of
<br /> eaaesements and bille and raaeAnablo estimetes thereof. �'he Funds shall I�e hetd In an —
<br /> fnatitution,th�a depoaits or accaunta of which ara fnsurod or pe�srantead by a feaieral or stete
<br /> apancy includinfl Benel3Giary. Beneficiary shall apply the Funds to pay said taxes,
<br /> eaeeaementu, inaurance Rremium�s and flround renta. Benetlafary shali not be requfred to
<br /> pay Truator anY interasi ar earninps on the Fund9. Beneflclary shall�fve to Trustor, withou8
<br /> cherpe, an annual accauntinp of the FUnds ahowing cvedits end debits to the Funds and 4he
<br /> purpo�o for whlch each de�+it to th�Funds was made. The Funda are pled�ed as additional
<br /> security for the Indebtednoas secured by this Deed of Trust. If the amount of tha Funds
<br /> hold by Beneficiary,togother wi4h the future monthly installme�ts oi Funds payable prier to
<br /> the due datea af texos,eeaessmenta, insuranca premiun��and yround rents�shall exceed
<br /> the emount requlred to pay eaid taxea, ea�essmenta, lnsuranae premiums and pround rents
<br /> ae they fall due, aur,h excc�ss ahall bu, 8i TPUS'a8C'S�r IOlS.oltF.sr�►!om�tly rAnair�to Ttustor -
<br /> dr eredited to Truator a�atnat future manthly tnatalimants of Funds. It the amount of the
<br /> F'unds hsid by Beneflcfary�hall not be sufficient to pay¢axes, aasesamenta, inaurance
<br /> promiums an�pround renta aa t6►ey fa11 due,TrusWr ahall qalv �o Beneficlary any emount
<br /> n�ceaeary to make up thd deficfency w(thin thirty day�from the date notice 1� meflad by
<br /> Beneficiary to Trustor requesting qayment thereof. Upan payment in full of ell
<br /> !n�_}����p:�,�,naflciary ahall promptiv refund tn Trus4or any Funda held by Beneficlary. If
<br /> the Trust Praperty is sold under the power of asle o�the Trust Prc►perty is otnerwise
<br /> ecqulred by Benoffciary� Bsn�ficiary ahall apA�Y� jmmedfately prlor to the aaie of tho T�ust
<br /> Praperty or ite acquiaitlon by Ben�ficiary, any Funds heid by E3eneHciary at the time of
<br /> applioetion aa a credit a0ainst the Indebtedneaa. If Senofialary exeautee e written waiver of
<br /> Truetor'a oblipatlona under 4his parapraph 4,Trustor covonants and a0reea to pay, befo�e
<br /> the aame bncome delinquent, dl taxea,easessments, inauranae pr�mluma, pround rsnts,a�d
<br /> �II other charpas whataoever Isvfed upon or Aaasased,placed or made apainst the T�ua�t
<br /> PropeRy. Truato�further aprees, upon wr(tten rex�uust by Beneficiary� to promptly deliver to
<br /> Bensticipry all receipta for the paYment of euch charpea. Trustor Ifkewias a0rsea to�ay dl
<br /> taxea, eaaessment�end other cherqoa levied upon or ea�se:aed,placed or made epainst,o�
<br /> meaaured by,this De�d of Trust or the recordation hereof.
<br /> fi, Qp,Qica ion_o�p�qment�. All paymenta receiored by 8gnefEciary at to any
<br /> det►t,liability or obliqation ow�d to Beneficlary by Trust�r may be epp�ied by 8ensficiary to
<br /> the pttyment of the Indebtedne�s or to any�uch oti�er dsbY, Ilabflity or oblipation. in�ny
<br /> arder or manner of appli¢ation whlch Be�eficiary,in ita absolute diacretian,dbsms
<br /> appropri�te. Unlesa otherwise elected by Beneficiary,erey�uch payment shell be deonned
<br /> epptled first to xhe qayment of any debt� liRbility or obli�yatlon other tharo the Nate.
<br /> g, �b�raea:Llena. Subject to the terms of the l.easa.1'rustor will keep the
<br /> Truat PropertY free from all liena and encumbrancea which in any way msy,fn the judt�ment
<br /> of Benetictary� have priarity over, or impafr the sacurlty of,this Dned of T�uat but Truator
<br /> need not diecharpe any such lien so Ionp as Trustor shail apreo,in writin�,to pay the
<br /> obliqaSion secured by auch tien in e mennor acceRtablo to Banetiaiary and ahaf!ln pood fakh
<br /> contoss auch Ilan by�pRrnR�iatfl Ie0a1 procesdU fls eHective to prevent thp enfarcement of
<br /> the tlen and the loss o�any interest in or par�of the 7ruat t��ope�y.
<br /> - _ _
<br />
|