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<br /> • t. ?ayma�. 8artovrer agre�s to make al1 paymeMS on the secvred dabi when due. Unteaa Bnrrower end Lendar �yraa odherwUe, any • � �-;r . --
<br /> , paymenis Lender reesives from Borrower or tor Boaower's banefit will be appiiad flrst fi any amounta Borcower owoa on th� encuted debt _
<br /> exetusivo of interest or principaf,sacondla.iaurert.and�idon to praneipal.If partiaf prepaymes+t of thu eecusod da6t occurn tar any�eoaon,it wllt � r.'
<br /> , .< not reduce or excuso anY scha ut�d pe�e,��[�id:tpa�:ut8d.dt�bt is paid in fuil. -. _
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<br />� � 2.CSaims Agn[nst THfs.Borro r p�y�$I_l� e�;'�S�e�ssfie6is,and other chargos amibu2ablo to ths property whon duo en�wl9 dafend titto • ':
<br />_ > to the propertv ag ainst any d s�3dCfS�3�tA9 Hen di thie daed of uust.Lender may require Bonowor to asolgn any rlght0,claime or ,r
<br /> defensos wfiich Borcower may �ia labor or materials to improve or mainiain the properry. . , -
<br /> � 3.Gusaufce.Borrower u+dU keep the Droperty ins�red under terms acxeptabis to lsnder at Eonower'a e�cpanse nnd tw Landor'o 6enof�t. AU i �
<br /> instaance pofciss shall indudo a startdard martgaga dauss In favor of Landsr.Lender vriil6e namad as toss payee or as tho lnaurad on eny aucn • ���"�,- --
<br />- insuranee potiey.Any insenance proeasds may 6e appHed,within Lertdars discreifan,to o'rth$s the resroretion oi repalr of the d�mepn0 prope�ty ,
<br /> or to the secured debL ff Lender requires moRgags insuranco,Bonower egress to maintain sueh insurance tor ns lonp¢s Londer raaulroa. , ,
<br />-�� ( 4.Proputy.Borrower will keep the property In good cor.ditian and make aU repairs reasanably necesaary. _
<br /> • � 6.Fsporsaa Bonower agrees to pay a1!lender's e�enses,including reasonable atwmoys'feea,if Borrowor broaka any covonnnte m thla dend • � ' ;. '
<br /> of trust or in any ohligation sacur�d bv this deud of trust.Bortower will pay these amourns 4o Lender ea provtdrsd lo Covanant 9 0}thi9 daod of , . `�. _--
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<br /> 8.Prior Sacuiity U�Unsts.Untess 8arrawar frst aSiains lsnder's vrtitten consent,Bortuwer wiil not make ar permk any ctunpes to any prlar . , _
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<br /> � seourity Interests. 6oaov�et wiU Rerforrn sii ai Enrrawafs obligatians under any prFo:mortynge, daed of trust or other eecurity epreement. . .. ,_. .=:
<br /> inctudiag Borrovrer's covenants to mako pa�rmaTrts v�han ds,�a_
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<br /> :•`�'• 7,Asst res o7 Rerta and Profit�.Borravies assigrts m lender the rents and prafi�of the proparty.Unless Bonowet and Lender have�graed ;�J,r�._-����_,r:
<br /> � �`� oth ss In writing, BonovJer may ca!lact anc reta�n the�ersts as long as Borrower is not in dofault. If BoROwer detautta, lenAar, lender's . -
<br /> ,. r't agerrt,or a wurt aypointed reeetver may take possess4on en3 manage tha property end eoUact tho renta.Any rentt Lender collect��hYll Gs , -°�°..
<br /> 2;pLed fust to the casts oE rr.anaging the property,indudin��urt costa artd attnrneys'tees, commirsians to rental ag�enu, an�eny other � �.:<>:::
<br /> • rr�xsssary reiated expenses.Tho remat�ing amount cf rertts�vAl then appty w payments on the securod debt aa provided in Covonent 1. a ril.`? ;-; .�-=-=--.,
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<br /> � 8.iensehoids:O�edomtntwzw;�Ifuned Unit Qou*iopman4e..Barrower agrees to comply with tfie provisions of any tease it this Ceed o}Suat Is on � ?"•
<br /> a teasehotd.:�c Yrvs e�asd a��st is on a utit en a condortunii:m or a ptanned unit devefopmem,Bortower will paform ail of Barrower'o dutiea J� —
<br /> � . undar tha coves�ars�,by-taws,ar regutationa of stsa condaminium ar planned unit deveiopment. "`��T.�r
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<br /> 9,putfimky og�r to Fy�g�m for Bcoarru. It 8onotivar SaHs to�peAortn any of Borcowefs duUas undur this da�d of truc� landu may ' i*����
<br /> pertarm the duaes or cause them to 6e perfam�ed.Lendar mag sipn Borrower's name or pay eny emauni if nec�isuy for p�itormanco.If any ,�� . �;-�__~•
<br /> tansYruction on tho property ts discortfrtued ar noi carried on sn a reasanabie mannor, Lender may do whstever Is neeeasary to proiect LenQer'9
<br /> � ' Security iMercai in the propertq.TAIa rteay(ntluQe eompto5ng the construetion. •s;_��iz. ��
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<br /> -- Lender's faifum to pertortn will not rectuda Lender from exercisi�g any of its other rigitts undar the faw or th(a deed of truat. �^-T� �
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<br /> My amounta paid Ey Lender to protect Lertder's security intarest wiil bo secured by tAis desd of trust.Such artmur►ts wili be due on demand • �.
<br /> ' and will6ear 6rterest from the dafe oi the paymertt untif paid in 4ui1 at the interest rate in eHect on the secured dabt. :�9}��p.,,;_
<br /> ' tO. Dsfautt an0 Qeeef�aaticn. If Bortower fails to make any paymertt whan due or breaks eny eovenams undai this ds�d of Vust or any "' �- ,. '•
<br /> � � obfipaUart seeurod Ay thi�deed of truat or a�y p�ior mortgage er deed of truat,Lender may accelerate the maturity of the securad dnbt wb • � ;?Q; +���• • ��"
<br /> .?`�'; demand immadiate payment anG may tmOke the powet of sate and any other remedies permiKed by applleaDte law. '�•� .�
<br /> ,,,,���" 17.Rspusst fcr lHotic�of Rofcuit Ii is heraDy�mquested that copies of the nottcos o!detautt and sale be eent to each peraon who ia e psrty - �; , :�
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<br /> _ ' hereto,at the a�ress af eaefi sueh porson,as set!orth herein. ' !="'
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<br /> , 12.Po�of 3a7n.H tha Lender invokes ths power of sal3,2hs Frustee shall first reeord in tha offlce of tho reystor of de�ds ot eech eou�ty '•I� �.
<br /> - wherein the Wat GvcDortY or¢ome part cr parcel thereof is sirasted a noUce of dafa�att carrtaininp the informatton roqulred by law.TM TruatQa � �
<br /> s h a l l a t s o m ai l c o pi o a o f t h e r�a U c e o f Q e f a u R t o t h e B o r r o ti v a r,t o e a c h p e r s o n w h o i s a p a r t y h e r e t o, a M t o o i h e r p e r i o n s a spr u u i b t d b y ,
<br /> • applica0►e tavr.Nat tn�z than cne month aRer the Trustee K�e.ca^ds the notice of defauft or two morrtha ff ths trust property i s not in any `
<br /> incorporated cit�es vittans asrd[a useA in farming operations�arriad on by th9 uustar,the frustee shau give pub�lo notica ot�ate to the peraona ' ��`:� • -_�
<br /> •.�-` .'� and in the mannc�preatx(bad Gy apppiicabfe law.Trustee,w t t hout deman�an Borrower,s ha i l ao l t t h e proyerty�t pu b i ic�uct ion to t h e h l p hsst �'R�c •
<br /> bidd�►.If requtred by the iarm Homestead Protecdon Ac4 Trustea chaA aNe�the property in 4wo separeRe ealea�s n��ited by appliuEU law. ;:r °� -
<br /> Trustoo ma Y Do a 4 pone sata of all or an y pareal of the property by public announeomar�t at ttse Ume and plaee of any pravlouaty sChadUlod oa(o. :;:�; : �
<br /> - lender or ita Qeaiyrre�rney pwclaaa ttte�,ropeity at any aete. _-;=-=-;;,;F
<br /> U�on receipt of paymant of the pHce bld,Tcustee shail daiivar to the purchaser Tcustee's dead convaylnp the praperty.Ths reNUats aorttainod in �� �.
<br /> Trusteo's deed shall6e pdma tacie ovidienco of the trutl�ot the atatements contained therein.Trustee sha11 aypty the proceeda of eha eale ln the •
<br /> � toilow(ng order. (a) to all exponsea oi tAe eale, InGuding, bui not limRed m, reasonabte Trustea's foe3, reasombte attarrNy'� t��� and ,� �--.,•:v:.-
<br /> , minstatamerrt tees;(b?to atl auma secused by tNa deed of trust,and(c)the bafanco,it any,to t�e peraono lagalry entitted to►acetva ti. � . ---
<br /> .�••:� 93.For�etos�ee.At Lendera apUan,thia Eaed of trust may be toreGosed in the mannsr provlde by apppea.�Io law tor forectoiure of moRgapes t�
<br /> . on n�l propeny. ��"��•�
<br /> � � t4.Nun�etlon Lender may enter the property to inapect rt�1 Lsnder giveo Bonower noUce beforehend.The noUce mu�t stats tM raa�anaEt� �
<br /> � cause for LenQar's inspeetion. ���.� '—-
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<br /> � 1b.Condaennatfan.Borrower asatgns to Lerutar the proceeQa o9 amr award or elaim for damaaes conneeted wlth a cand�mnatlon or other t�king ° .- , .
<br /> �� � a!ail or anu part�t the property.SucA proceads will bo applisd as pror.,a�in Covenartt 1.This auiynmant is subjact to the tarms of any prtar -
<br /> . se�wr(ty agreomsr,s. -'•.�'
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<br /> � � �'y 16.Waiva.By exereising any remedv avattabte to Lertder,Londar does nat gtva up any dghts to Iatar uas arry othw remedy.By not euuci�inp � ;�.
<br /> � any remody upon BoROwars default,Lendor Aaea not tivaive arry rigM to ta:er consiQar tfie event a Qefautt If it happenr aaein. __
<br /> . 1�..lWnt and 8ovrrr!1I��. Co-alynxs; Sucuf�on�mfl �ssisna Bauns4. All duttes under this deed of truat aro jolnt and �ivud. Any - • -.-. -
<br /> � ' Bortowet who casigns thts doed of trust but doea not ca-sign tha ur�3�ty1ng debt instrumant(s)daea so onty to grarrt and camrey thit '.•`** `•
<br /> _ BoROwer'a irtaro�t in the property to the Truc?ee urider the tsrms of thls Qeed of trust.in eddlUan,auch a Borrowe�apreei that ths Le�QU snd � '-
<br /> arry ather Bo:rCauer undar thit dsed of Uuss anay extend,madi or make arry other changes in the terms of thl�deed of vust ar tM eecured �
<br /> '' Geh!withaut t:"at Bortower's eonsertt end v+r,2Aou[re;oasing tflat�orrower bom the termo of tMa deed of trust. v°���?! _
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<br /> The duUea artd benefna of thla�aed of trust shell bind and benafit tha successare and asaigns of Lender and Bonower. - -
<br /> 78.Hadc�.Unfoss offierwtse reputred�y law,erry noUce ta Darrower ahall be g(ven by detivaring it or by maiiiny tt by cartifled mail oddroasad to ,.
<br /> � Oatrower at the property address or ariy othm adQross thst Snnower has given to Lender.Borrower will pivs any notics to Lend�r by artitlsd • :
<br /> ma31 to lsndef�aEQress on page 1 of tfits dat9 ot miat,or:o afir oL'ser a�ddress whteh Lender haa deiignatad.Any other notice to lendn sfi�fl ^^ '
<br /> be aerrt to Lender'a addrass ca stated an puHo 1 of thia daed c9 tnr�t. �''?+''� . .�"••_��:
<br /> .,, Any notlati ehail be deemed to havo bean givan to Botrower m�lorsder whan ghren in the manner stated above. - -- -
<br /> 4lA.TrCroutat ol th�7roputy ar o RAno'flo1c0 t�ftN�st In t!N Etunawv.if aD or any par4 01 the propertv ar any intereat in it ia�o�d or u�nH�►red � ���.�
<br /> �; ; nr�Ynout londsfs grior wri�an consertt, Ler�1m may demanfl immeQcat9 paymont o1 tAe secured debt Lender may a�so demand Imm�di�t� "�-'
<br /> �ytnelrt it tho Borrower i��ot a naturol�:evn �nd a beneficial int*_rest in tho Borrov�er is aotd or tranaferred. Howevet, Lender msy not • °
<br /> .;',,i.;���.! demand payment ln the abuvo altuoUons'r?it is proh�6ltod 6y federal ta,ro ns ot tho dato af thls dond ot truat. !
<br />�'�'�i;���•��.� 20.R�conV�y�ttttua Wiwn C}w Obtigption socuipA by tNs d9ed of wst has been pai�,anA Lender hae no furthe►obllgation to maka aQvances d�'°•xn�_ • ,r `��.
<br /> • under the Ins�.m�anto ar tp�qomenie secured by thls deed of trust,the Trustee ahafi,uyon vrtitten requost by the Lender,reconvey the Vuat : ����
<br /> property.Tho Londer sho11 doE��ar to tho Borrowe�,o►to Barrawer'e successor in Interost,t;^e trust deed and tho noLe ar o4her evldence of the 1 ��=-S��" .---
<br /> obttgaUon ao saUsfle9.Borrcwor 3Aa11 pay eny recordatlon eassa. f;4��s-�.�_.. _- -
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<br /> � 24. 8uec�ssa Tnasb�. Lender, et lender's o o t i�n, ma y romova Trustee and appoint a successor trusteo by first, muiling n co p y o} the - -. ,:,,� �w?-r;. _
<br /> �'�'"`� su Us U t u Uon o!tru s tee as ra u tra d a I�.�le law,an d t hen,by t;ling t he su bstinrt ion o f trustee tar recar d in t he o N lce o f t he r Iater o t deeQ� �'�;�'�s=' '• �'
<br /> .^�t.':.-. Q tiV PA�" ep ,
<br /> � ot each cor�n t y Ir.which the trust property,v�same pert tfiereof,Is situatod.The aucceasor truatea,wlthout eanve y anco of the pta pe rt y,ahafl
<br /> `"'' `` succeed to etl the powor,dutles,authority end Utte o f tho Trustee named in the doad o1 trust and of uny auccessor vusteo. . � 4;,;,;i,.»_, :,_
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<br /> BANKERS SV57EMS,INC.,ST.CIOUD.SAN 69301 It-Btl4397•Y3411 FOR17 0�4�MT(LNE 8/t9/91
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