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� � _ .__ . .. .^....... _ - ::_ - - . .. _. . ..: ._ _ --. -_ . _-�.-�--�,____. ._.__ . . _.. - - - _ - .. - ---. _ . - -��_�waa��. _, - _ _ _ . .,:�.�...�.��,. -. . . . , ...-._..._.__ ... . �_ --- - - _ c��.� -=-_ _s„�._.__ � -- �,. - ::.�-: x:>_--�---... — -- - -- - - -- ��. R �� I003�1 07/l0/1996 ' I1KIPOiilrl C.�YLNAN'L'S. &►rrvwer�k1 l.ra�t ca�•r�tiuM�uW uQrrr�►r'ti►IW►ws: 96" ��"""''�� !. �yy�t � �p�l aa� lattrewi, &w�aw�� isa11 �•xnM�Y NY wi�ru Jue tiic �xi[k:ipzi �►rJ lutc►�t i�te�I�rea1 evWrtkerl �y d�r IW►te xuJ lit:cdu�r ys�uuviJc�1 iu tl�r N��. _ 2. Flrntl�for Tue wd 1a�w'�zt�. Sut+.�:+.7 p�y+��u�htr I�w ur y w�iutn w:ti�•ec hy l.rtxk�. B+►tnwv�r�lwll�y u► lxc�l�er uu the�tay urKUltly ry+yt►xnU��►F priu.�1µ�►! i�uerr��rc(+ay�1+le u�xk� thr N�xr. wuil tik N�xe is paid iu full,a wuz(hessia 'Nusxis'1 �lua1 �a�w�r�tvwelfih uf th:}e:uty t:ixes�usJ t�se�wk��.�(ii�luJl��e�wek►u�iiduw suxf plsui�l wut �kwrk�uueW�utetsis,if wy1 whkh nu}act�in�uuuity uver diis Dc�xi uiTn�. �►k{gr+�wx1 retus�u�thr Prc�+cny,ii wuy.{�u�s�u�-iwetflh af ytarly prcmiwu iiut,iilirw�u�•t.0 t�:srd iaauauc:.ptw�ur-twclft��t y�+��y E�u�iun�iw�taltu�eats hx ur►rt��e in►unwr.c,if wy, alt rr• �rx�wuhl�l�tlut�tcvl i�dti�lly autl f�vwu �Icue tn tip� by l.rutlei na tbe Iwsis of a�c�asa�eats wd hilw stM!rr�wwAt+W e�tizuiu..tiNZZC�f. Fxu�r��r stfa!!��:k t+r��t+li;sta!a�tt�kr wch psya�rots ui Fuutls to txu�ie�u�the r.�kw tdu Bum��+rcr uvlcss u�h�,yn�ruts ui ttk tw►Wrr uf a�xi�x a�ut�r�x�1 uf tnw if such Ixikkr � is a�i�ntitutui+►il{eixfCr. If BiWmwt� Mys Fuutfs t�i lxir�ler. thr Fa�Kls sY�11 he beW iu an iu�titWUx�tLe�{c�xuits�u ti:a►uuts of wNc�ue i�vnJ�x�uuautoat by a C�xkrol�u state a�eury(iiklwliuo l.aWrr if lxadet is wcb w ias�inuKH�). l.ouiler st�all sPPrY �hr FuoJs ta{�y s�icl tues.atise�.�+•aaxiw.i�uurauu:e�+rca�iva►s auJ eaw�W reuts. Leocler tuay a�x cl�rge fcu sm Wiklia;�od �PWY�!� Fuais, anslyzia� s�xid a�aux ��r wxifyi�� aacl aw�wliag ssid asscssa�s ud hiits. u� lxader {+�ys BOi7'OWCf ItMCnSt 00 tbC FLLq{�S ifM��SC�it1V(�C1R�IS l.tllfkt kl tU11�C S11Ch��fjC.B01fYlYVCf�1�C0�{tf tqfY ijRC in writiq�au t6e tiar c�f r�uxuti�w of thls Dned nf Trusi t!w iruerett i�n tdr Fwbis shsll�+e psid ta B�m�wer.aud uolesr sucb�reemrst is mY1e ar ��+licyhk Vw ra�uites wcd ialercst to I+e�udd. Lender s6�11 n�he rcquired ta pay Bum�wer my iaterest ar earmugs nn 11ie Futxl�. Leak�st�ll Qive a�&wmwer. witiwwt chsrge.an aaatnl acawurtRQ��d�e Fut�: shawi�credits �1 deDits w tl�e Fua�s� dtn puRxice fiu whi�;h e�h ekhit ta the Fut�ls was o�lr. 7Le Fuods ue p{od�ed as additian�l xcurity fur tbe suws secui�!by this Dad af Trus[. If the san�unt of the Fuads f�eW hy Leu�e�.uigetber with�future mootWy i�tstlmeuts af FuTr+s paYaae{uiw u� �a�a��n�.�,�,w,. �,�.�;.e prc�� a�a �. ��a��ra��ay� tues, as�meats.t,•��•,••,.w�+�ewivas a�x) gmw�a reats�s tbey fsu aue. suc4 exoas sa�u be, at sormwer�s opion. eitLa pme�tlY repiv m 9aarower�x cralitod ui&xrawer on nwntWy i�st�llo�euts�aa�l�rcwod�as y f�ll due. beW by Leader sh�il mt!u suffuieat tn psy taxxe.c. a�rornts.ias�+ru�oe Pe�a� as l.ea�ler any B�tnwaes sh�U pay to Lnxier aaY anaunt o��Y la�wke up tbe de6ciencY ia ooe ix wose P�Y� ��' rcfual w B�rawrr aoy Fuoas Uoan psymaoe iu ful[t�f�II suu�s securaf hy thic Deal of Ttust.l.eader shall��!►y L�eader.L.eadet held by Lenda. If ua�er pan�r+pb 17 beroof dK Prc�aty is soW ar d�e P�apecty- shaU appiy. ca Ister ta�o 3mmaiiau:iy N+iin i:i tbe sale of tbe Pn�pe*ry nr us�uqw�c�►�by lrntler.aay Fuatk held by Leades�c Ii�e time of appl�atioa xs a crodit spawa the sums cocurul by this Deal of Tcvst. 3. Applkatlo�of h�yawits. Unkxs a{�l'�cst+le law�ravides athawise.all payreets�soe'sval by l�eader unrler the Na1e and pa�a=n�+ds t�2 hct�aif sh�ll be applied by Le�ler fust ia paymeet af a�mouats P�Y�� Honow�er uader ptra��apb 2 hec�of. tlioo to in�aest paYa�bk aa tbe Nde.and thee to t�eprincipal of tbe Nexe. 4. ltior Mortp/t� aAd i�ait ot Tr�ut: CIW�ea+l.kr. BoRwret s�U paforim a�l of Borrower's ol�iipt�Oe� _._. _ .�...�.,..�,�eT,_.lee.t nf tnzst or dLer soauitY�� s litn wL�icL has priocity ovet tLis Deal of'Lrcmt. i�lut��Borrower's�xwrmws ta�+cz pay�tats wl�es due. 9ixrower si�n�y nr c�use w be�i0 au tu�s.� _ sod other ch��:.s.�r-.r.�l iar,�,�«�°=.';itr�':::.tc:'.:..-Pr+operty w��lr.may atnin�pkxity over tbis Deod of Ttuct. and k�+oid p�Saea�.s ac Brouad rents.if acn�. cK Ixsafter erocted oa the Pcn�atY �.H�rd I�mcx. Hormw+es sh�l kceQ the imptoveme�s naw � ;na,rod�a wss by 6�e.hax�st�i�clutioa within the tenu '�cu�aa,�e'. �od!�aher baatas ss trade:m.y �oquirc r�fi in�amoaiws�0�1 fiK sucb�triods az l.eacler max ccquire• T6e ina�aa�rt�nicr pnovidiq4 tLe ias�sranoe stnll be ctioseu by Sac4s+rrs subjxt to�ppC'o�+�bY Leade*�P�'�^+�- tHat suati appar►zal sf�ll not be uacaso�xfY w�hLeW. AU inutaoix p�es aad reaew�ls thetoof sbai! be in s form _a�t��!o l.e.ader aod sl�ll iuclude a sta�Lrd mat�e clause ia favar of aad in a 6orm accept�ble to I.oader. Leoder s�h�ll 6:ve the ri�ht u�b�d t6e pol'+cies ana keaewals We:eof. subjoct to tbe�erms af aay mo�tii8�•dood of bust ar��iher su�citY a�eat witb a liea widch 6�s priaEity over dus Deed of Trust. . In tLe eveat oC i�asc. Boimwa shall�ive prompt natice w tbe inauaoa carrier and Lencler. Le�der may m�r•Qsnc�f • of{acs if not made p�vo�+t19 hY BarrowCr. if tbe Ptopaty is st�ndaaed bY BoQtawer.or if Barowet f�ils u►ce�a�{x�at! w Its�et wilhin�cD�s fiom tbe d�te , notice is nyilod bY i.eader t�Sarcow�cr thu the iosurmce car�ier offas ta s�tle a e1a��s Gx im�uu�a beoefits.lrackr is authori�ed W cdkct aod app1Y c�e ias�u�o�-.p[ocr�is u l.ender's optiou eit�er to rax�r�o a[epair of tbe Prap�aty or ta the sumc secured by this Doal o�Tru�st. �� Plao�ed Urit De�eiop�eats. i. Praa�aciasm�ad Mai�oee ot Pr+�t7: 1� Barrower sh�il tceas tiu Prap�rty iu�no�1 tc�r�x1 sLa11 aot couwiit v�os perwit imp�irmea ot c!eterioe�tion of tbe propaty aal st�all cowpfy with the provi:si,t►�of any kase if d�is Detd cif Ttust is oa a{eu�old.lf thic Doal of�rust is an�nait in a coodoa�iaum cu a p�anued nnit dcvdopoeal,Burto�•r st�l!perfocw�ll of Borrower's obli�atioas wrJi�r'tbe deeiantion or covai�i cmti�or�vtnuag tbe cuackw�inius�ur piauoex�unit develoQmrut•die by-laws aad re�ri�aas oE the coodoaoinivaz�u�►1an�i uait devettniwene.aad coostiwea�t dacua�ts. =r�satxiue�f ia this � ?.�Yat�ts�L��'s SRC�ritv. tf Barowes fails to per�utw t3ie coven�sts asd aIIrc�.- , : Deed of Tn�st.or if aay actiou�r p�ncoaii�is commeaced which m�e+ially af'Fe�ts Leader's iaterest ia ta�P�opnty%.c�en l.eader. at l,tader's �tioo. upno notic� to Bam�wer. any make svcb�ppesrsoces. disbutse such svo�s. imc�iR� ira�oofbie aaocneYs� fxs.and Wce sucL actiou as is noassuy W protect Lender's imerat. If l.rocler re�i�ed mat� :.w�raare as a caoditina of m�kio�tLe+Waa secured 6y this Dad of Tnut.Borcowu shiU pa�Y the P��t'O m�iataia suc6 inattaaoe io effect uo¢al suc6 dme as tl�e requicemeat for�h imw�^""tamimtes in aeout�.:...::'E:=: Bamwer's aad Leada's rvriuen agroemea�x�PP1i�M�I�w. Aay amouutc dis6ussed bY Lendet�x�rw�a t��S��7.with intet�est tLes�a,at the Note rate.sh�ll bxoacie additioml indebtalvas of Botrower secured bY ootice fma�TLarler Bors�wewer and Le�1er mrnt thereof. 1�1aLia� P�Y�• wcbi anxwatc s1�aa1! be iw.yab� W+oo ��DB WY. �jppp jp�S�ijity'iii i"s'iwii Si+yiui��i�'ii i:i i:,:�':i!r�t�'�-"�-+cr ns�jt�aifV 9Ctl(M�ICTCU14�t:i'. S. ��pp• LClI(�Cf p�y IYIi�CC Or C�YSC L(1�1C D1faf. LCiS�C t0[I1CS ll�0a i� 1�OC� ��C p['�Y• �p�►1�fbit I.CO�Cf ihi��iVC�YIiriMCT lY1tICC�W�LO�SUL'll tO�GCt10i1 S�C��ti►'l�f�SO�k C�IDSC tllC[CfOI lC33L0{�t0 _ [,eader's iotaest i�tLo Pmperty. Ndraiiu 26i76-2 SNS Osiqinil(R�CO�tdid) COQy�BtauChl Cop�(CuatO�t) P�e 2 ot'S