|
. ... . . - . . ... . . . _ . . -
<br /> . . . ' ... . . ' . . . :C.r. , .�.. .:�. i�-�.
<br /> - . � ' t t. . . . . . , ` . . ., �1"-�"•i.
<br />� � ..S_. ,. ._....._R�"'.�.Y_....�.__ .. _ -'. . "' . ....�..___ .. . -._��_ .(��; , " .. . _ ... . � . . _ . ... . .. .._.�, � . �' .
<br /> � ``� _"i'" __f
<br /> 9�12 9��� DE�D O�TRO�ST Page 3 ; . � , _
<br /> �a�a t�� cco�t�ue�� � 96— 1���� �� ° . �
<br /> .�
<br /> und�r tAe[�mn. in nny con�st.Trustar sh311 et3fand��ei1 and Wnd�r and sh3ii ratlsty itrry adverse l��8mer�t 03bre en!atcsmsnt ag�:nst lho ' „ -
<br /> Prcparty. Tru.winr stuill c�mn Lond�as an adsliitonal o0ugee under any auraty bond Mntshcd tn ttsa contsst prooaedmas. � . . �
<br /> EtiidHte�of Rdy�rta�tt T�ustor shall upon demand t�arNSh to lender satWtactory evidencw o*vaY����:=ss�;���sr�=:r,!�'z:Q , -,, , . , -� , _"-°
<br /> a�(ryptia li�ppqrpprlatp aovemmeritaf otP.ci�l to dellver to Lend�r Ftt flny Uns9 8 tivnttan statsm,aM of th0 t�xes an0 assassmen�ogalnsl tho �� , . . . ��
<br /> Prop�4Y. °�` • ,^' =
<br /> ltptles p}pprt�ructten. Trustar Eh�fl noUty Lander at tQast flftaen{tb)days bator9 any wC+k Is eamrnencad.anY serv'�ces a�e�w^ISt�d•ar�nY • �
<br /> , matE.rtats arA suqpL�ed to lhe Propasry.H any mecRanic's 1ien,mttuWmM'e B�n.or otM►N�r+cautd be asswtad on account o1 ttis wak. �. n
<br /> sevviCeg,pr ma�tixi�. Trustor vrfl!upon request o�LenQ2r fumish to lsntier 8dviinCe asaurancs3 s�staC�ory to Lendit th31 TrustOr can&.d wN ` � . ___
<br /> psy tT'.6 C�.-t of ett�h f:f'�¢to't�s�s►t9. t-- �--. - - ----. --- -- .---
<br /> F�O�TV DQa3ACE IFl81iRA4�tCE- 'P1�fcilov�ing provi51cn3 r�a�e8 to irtsuring tM Propc�tY ere�paA of fhb Oeed of Trust. C . .
<br /> • �t�ngnatxe p}htttitbsC�. Trusto►sha0 pracure tind m¢Int�in po:ide8 ot Rre�nsuranze vrdh st3ndard�Rended covetage ondot�.sments on a , ••', ,
<br /> nple�cemoM bps(s foP Ur�ttAl Ir�stua4te value covdirtq a4 fmprovert�ents on tho Re�l Propc.�Y��rA a�x u�hntar�d tL'ab 8ty i�umnas as Lend� . ':;,i.�;�-
<br /> ednt�arartcD Ctau3e.8nd v�tth�8ffind3rd mortQ�g�,^a ctause in fevar ot Lend.r,to�tt�ar wltn 5 . :
<br /> rttiy�sarubty requke. PdicNs ShtJ Ee wcit�en in torm.flmounb.cover&�s and basts rsasonabty arxeAtabte ta Lender and Issuad by a .�,;.`
<br /> � �p�p�ny pr companfpg ra9,qpnapty scoept3ble to Lender. Trustor.tgten reqv&St of Lender,voiU delivar to Lender from time to tlme the potk9os ,,��;
<br /> or cerfif.eatos ot insurdnGe In f�m saftstactorY to Lentier.indudin�SUp�ilatlans that covaraQes wi0 not be canoelled ar tlimtnlshed�v(thout e1 � �'<�t. .•._ --
<br /> least ten(10)days'prtor wr[tSen noUce to LsnQer. Each Insuranee policy also shaJl Indue�a an endatsement providinp that cov�aga in tavar of . -,--_-s�!�
<br /> , LenQer wi;1 not be impair+�d in any waY bY�Y ect.amissian or dEfaWt ot Trustor or uny oth�Peis4n. Shoutd the Real PropertY at arry flme `:,�_�-,-__
<br /> becom9 tacated in itn erE►a desl�nated Dy the OUec'wr ot tAA FGd¢tal EmGryencll N►�Da��N Apency as�sar'.E�f Boad itaard trea.TrustCr •.. � y�',�-
<br /> 8tE! � � •-
<br /> r � -'.��:.'�._�._�'�..
<br /> ' - ayc�as to abtaln and mair�tnln Fedr�r�l Racd tr��aart�to tt��:.t sueh.rss�3rx.�e�s�2utrad by lrmdu artd�or 6acertws avxCihie [ar the
<br /> :.,� �m at tfia tc2n or far ih3 tu7 ur�gald 9�AaJ Calanee of tha to¢n,or tP�maxlrrt+u�11mtt of ca�a9s tnat b av�Ets.wrhieh�vsr is trss _ .
<br /> Ap�tlpey of PrueMds. Tnuter shaU Pro�uf►noti�l Lender ot an5►tass ot dam&p�to Uw Property. Lender rryy maks Proat of toss B Tnc�iar � ;(.` . `'`r�--����u
<br /> f a 0 s t o d n so w i t h tn f i ft e e n(1 5 l d a Y s o!t h�C e s u a 1 1 Y. 1 M l t e t h e r a n o!W n d e r's s e c u r i t Y C s i m p v r ad�Lender m$y.et ib oi�ctlon.recaiv�and refain � ":�" _�''
<br /> -:.,..�:�,v�;
<br /> ' fi�s procaeds af arry insuea.nco and epA►Y tha proc�ds to Ehe ceductlon of tha Indebtsdness,PaYment of eny Uen aHecSnp tha Ptop e r t y,ar t h e . .; �_•;.�
<br /> restora9on end repah o9 tF�RropeAy- If Lorcder etecls to apyly ttb Oroceed3 to[e3to�adon end repair.Tnista sha11 reDat►�,rePlace ttie ��;-�,,.,.: - .-
<br /> dart�aqed or d�stroYed Improvemerrts in a m�nrte�seiistacto►Y to Lender. Lender shaU.aPon satistadory proot of such aapand�hae.RaY� � _ •:�,;; ;'�'�
<br /> rsirtb�T�ustor irom the proceeds[u iP,�reasona6te Ccst of repalr or restorattan if Trustar is not tn defauit und�Ws Qoed of TPUSL AnY -`�`e�__
<br /> procesds whtch havs not bean disbt:rsed within t80 days aRSr thelr�ce3pi etn4 wh.�eh Lender hPS not eammilt�d to the repair a restoraiian of __._ �.�
<br /> tng Propetty shatl Do used fltsl to DaY anY amount owing to Lender un�r N�Ea Deed o4 Trust,th9n to pay ucuued Init�res�en�tAe remaeder.it •
<br /> be C9d to the dnGpet ba(ante of th3 Indeb�dnr-.ss. H l:Ondsr hCtd3 enY Procesds BRer 9uY�nt in fuU a!tha ind�t�e�.suCh �•,�,4•;-:-_
<br /> •' anyl,shitl eRy P • '
<br />.�'.• Qraceedg ShsD Ee peld to Trustar es Trusta's interes t s muY a9D�• � � . ,
<br /> �1i� {�e�Ered in��d 8�. Anyr urta�rad insurance s�ull inuro to iho banefrt of,and pass ta�the purct�aser of Uw Froperty cavered by Ws ' . _. , �
<br /> d • `
<br /> Daed of Tn�t al any trustee's seSe or ofPxr sae hetd undar the pmvisieR�ot ihs D�d ot Trus1.a et any to�ctosure sate of such Pr�mtY• -� ;,r,��.. _,
<br />`'.� �, �,, .:
<br />�';�" ��Od�ttts(�teQnE�, i3�ring the periad in whxh any F�dstirtg InttBttted�s descdbod below is in eHecf.eamyi'i�n�ecS� ,:.,�,,_. �
<br />;,;�k' ihe inst�,n�a pmvl�lans eontatn6d in tho i:sWment evldenCtnp a�A E�d9Ung Ind9btedr�ss shatl eonstitute eompBanee wftb the irtscmac� '.�j:,� ,.��_. r_
<br /> '�''ti; pcosrigars ur.der tAts DOed o!Trust,to the extent coR.p:i�vrith thca t�ms of this Osed of Trust woutd constitute B dupQcation ot fn:aa�
<br />`7�?': ;.
<br /> ,•,:..;; requhertce;3. If arry ProceeQs trom th�insurance becort'.e Payab'e oa lass,the prwisions in Ws Qeed oi Trust tor division ot proc�etis�'� , ::f�
<br />�_��t:: B�P�Y a�Y�U�?t patlon of ihe proCeeds not p811ab!a to ttae hdder ot tte EdsUrtg Ir�dabt,�dr�ess. ;iri.. ' : __._
<br />.,r.�t;it p�ppp{�F��Y LENpER. If Trostor ta(ts tn comAty with any protiistc�ot thfs Oeod of Trust,includin8 arry o�ltgation to mair�tn Ex�inp ', �
<br />;-;�=,:„ ';�;'�'..;•�' :<t.v .... _�..
<br /> -a�f,�-�;, ..' i.' ��'<:;
<br /> ; ��� Indebtedness i���o d s t a m m�g a s r e q u h e�ba'c o a.o r i f e n y a c�:n o r p r o c e��b c e m m e rt ce d t h a i w o u i d mata r i e R y eifect Lende�s irttaresis Ur.fho x�
<br /> '` < ProAerty.Le:�r an Tnpta's bohait may.6u�sta�not be raQuhEd t0.hlce a.zk�dton that Lender deams aRP*�P� �Y amour�tAai Lesder 'ry',i�L .[;_.
<br />��'Gi'.� e�ends tn sa��j wiA ba�intsrest at the r��ovMad tas in tho f�a�f:a�a fJ�date incuRed or prild bY dender to th�d�te at cepayment by �
<br /> 1
<br /> T n�t a r. A U s t e c t�e�e n s e s,�i 3�a n t 5�'s o PUo n,W`.� ;a��a���on domar•�, �,�1 be added io tha bNartce ot t�e Nata art�be appaffaned amony �t
<br /> .._. Ee Ie wlth 8nII irs�,itV ent PeYm°r�s to te�.:�6d��hn'hi either tq me t e r m o!artY ePA�i e i n s w a n o o P o p c Y� y��o�wUl�� "<'��-,'..,.�
<br /> _ :.� a►�a ae� -
<br /> of itie Note,ar cc�aB aac:��as a e s uoo�va�lr'ar.t v 1.:�J".w i C�e d u e a n d p a y a b s a t t h e N o t 9 s m n N r(i y. T h i s D e e d a f n rs t a 1 5 r,$ '; �:w
<br /> PaYrtwnt ot th�a smounts.TAe rigtds provlded t�aa in L'us�a���aph shaU ba fn ad�tlon to any other dghis ar arry cememes to wh�n Lanti�.r mny ba •�:�. ��
<br /> e�d on acco�mt of the dofauR llny such�zY�nder sha0 nat be cors'.ruEd as cwing the deta�cli so as to dar Lender trom any remedy thal _�,;-�;�.
<br /> s;;'r;:�;':,��� ii othecwts0 wou10 Aave ha0.
<br /> • . yM�ppANY1f;pE-F�NSE pF b'RTL�E. Th�fWlcwr..��rovistong relatlr�y to ownersh(p ot tt�Properly are a past aL•fisfs Deed of Tngt. - ��
<br /> :,..;:� Tllis. Tnata warranb that (a)Trustor ho1Qs qood and martcetabs tiito ot recard to the Property In tee�.'r�le.hea aed dear o1 p11 Yans and .
<br /> ' enCUmbrances att�than those set fortb in the R�1 PcoAedY dos�rtDt+an or in the ExisUng Indebledness�tlnn betow or in any titta InSUranCe -^ %:;:;
<br />;;::x•',�j P�ri��4art,w 8naf title oP!Nan is-�ut�in tavor of,and aecePtad bY.:.�r.der in wnnaeNon wftl►th's�d of Trus1.and (b)Tn�stor hes the � � •_. .
<br />=��.�:•�j tup�,rpav�ar.flnd author(ty to exec�iW�rs�dctiver this Oeed ot Ttust ta�r�mler. •/ , • i��
<br />;;,�` Qel�n��f!'61tt0. SubJeci to tAe excePti�in the parayaph abov0.T�����ranis and xriD tatev�t��"s Bilo to tfi9 PiropwlY p�s1�':tha • ,
<br /> • t�wtW:.►�ic:r3 of aD De�sons. In iA0 ev�;A any a c Hon or Pr o c a e d i n p ts comm9nced that QueSROns Tr�tnf�tlt43 or th�(�ot Sttl�ar .. ;�. . ,��.=:.,
<br /> � u Q�
<br /> lon��u^�s tAs Oead at Tn�sL Tru3ta shaU detend��acUon at Trustors axDonso. Trustor moY be the.r,�ninel Pasiv:cr Sucb proc�att*.�.�N �' • ���.
<br /> Lender s:�6a enUUed to parUcip�ta in t�e prace�a►^p and to ba represented in tAe prcoeeding by counsel ot l.r,�.r�a's own cAcioo.and ��.�-_�„:.,_r
<br /> � -i Tn�.stas e�R�ta3ver.or cause to be deUve.a�,�o Lond�5�r.h instrumen�s Lender may request(tem tlme to tlme to Q�rn�tsach pact4�atbn. — .=�
<br />'�;Y�;���i Ca�ilarnaa With L�v3. Tnastw K�ronta ll�t the PropeAY and Tr�nStar�use of ths PropeRy compiles�+rlth aU e�dstlna aDp:�d�r�laws. _•.:�..,...,:�.s;a��:�4Y
<br />:��ir,;' .; a61n:�s�as.and rep�atlans of govem;n�trL n✓:arites. ;'�,�:z.:�.►.;
<br /> � flUBT(N8 f�TEOF�. The tdlowing provlslorts�naa°inp exisUng indebtsdness{!hB°E�dsUng Indebtedness9 ere a put a13!�.is?aed of + '�' -.,
<br /> T(1$�. °�-i�_-}�:�L.�.. •...;.. ^�.
<br /> .i ^�'.�a'� :. �-,:'i;d':a'_:
<br /> .r]_�• .-°--= _
<br /> F�it�IJen. The Ilon of tAb Deed of Tnist sec�:+r�3`e tndebtedness may de �A ddes: Oead o!'Tn�st L d�d i�t 1995, ���
<br /> • �dstirc�ob�tlan wltA an account n�°�r c!t8487 Po Frst NaUoneJ Bank o1 Marque,. -��;-•_:�^�:;:
<br /> end recarded as Document Na 9S-;�. Tee e�dsdn�obtigatton he�a current pdnciAal btUcnco of appraxtmatefY SZ1,004.13 a^.8►'�In the •,_'.,., ,;:, •.;;::;. .__.
<br /> crl�lc�1 prtnGpal amount ot S28,Ofl0AC� '''�.e ob1iga'Jon has the foltowir�r�aymen1 terms: 60 Mor�hry paymeats wrih a bnUoon peymertt duB ���L� �
<br /> � ' Jur�1.2d00. 7rustcr a��sty wvenan3 and ag.-�s�pay.or see to the payment of.the E�dstinp Indebtedness and to pravartt anY d�'Fat�t �[1fJ"Yr%-:Y:..f,��d�t.��,;�.
<br /> � �' on such indebtadnass.n�y detauit undBr the ins���sr'te��ldencing suth indebtednes3,or any defa�t under arry secr.r��daeumsnb for sueh ��;-•.•�•^:~. • •::_� —.
<br /> IndEbtadness. ? ' ��"`:.,4;;�„���:-
<br /> �,�1. If tt�m payment at any Instaitr..ert ot pnnet�:�r any interest on tho Fxlsunp Indebtodnoss is na9 mado with:n�►Uma w�utrud by t�o :� . . .
<br /> � �r,im muNJancinp such in�bt3dnQSS,cu s��Ud a defa�Jt occur un6er the Instrument securing such fnd�b2fldnass and nflt be cw�G�r`t�ar�y
<br /> ad aFyabi�anRf t�hi.��sed of Trust sha7 bs lo Cehy.4it Lender.the Indabtedness securad by thls F7eett 4t Trust sha(1 boCOmo Imr:r�'.fi�rDy du3 -
<br /> • ` Np IRomfk�flon. Trt�sha11 nof entor into any a��snt with tha holdar of any mortgage,deed ot trust,or othrr�aau*ry ay^.eement whtch . _ �`.�;.
<br /> ' has prlority over this C�d of Tru�t by which that 6g}:�.�onf i�modifled,amanded.extended,or renewed wNhout^.Crt @7r�r cari?en cortsent of ;�• :
<br /> LonQer. Trustor Sheil neilAer reqaesl nar accePt any future advunces un6er eny suCh seCUrity agreement wlthoul 1Cas���oi w'�r.consent o4 �•, ,
<br /> LendBr. ' � �
<br /> . .i CON[iEMNATION. The tollawing provisions relsZing to condemnstlon proceedings arA e part of Mis Daed o}T�us4 , � _
<br /> COM E
<br /> .; Apptkcitan o4 ed�t Rro�d�. if all or any parl of tho Propeity is condamnad by eminoM domNn procesdings or by any procaedlap e* • ' ;
<br /> . i p�uChase in Ueu of eondomnaUon,Lender may at ds eteetion�equlre that all or eny par�on of the ne!praceeds ot th�award bfl app':ed tD tho —
<br /> InQebtednaas or fhe repair or�estoraHOn of the Prope�ty. The ne1 Proceeds of the awerd shall mean ihe award after paymerh of e11 reasonabte !
<br /> � ccsb,p.�enses,and attomeys'fees incurred by Tnistse or Lender in connecHOn with the CondemnaUOn. �-
<br /> PrCSCeNng�. If any proceeding in condemnaUon is fded,Trustor shatl promptty notity Lender in writlng,and Ttusta ShW promptty feke sueh :;
<br /> �-:
<br /> steys es may be naossssryi to defend the actlon and obtaln ths award. Trustor mny be the nominei party In sueh proceeding,Cut lertdar shall f„ y.
<br /> • bg ertfitled to pettkipate In tho proceeding end to he reprossnted in the proeeeding by counsel of its ovin cho!ce,and Trustot wi➢ddive►or :i _ .
<br /> � cause to be dalivared to lender such instruments as may be requssted by it trom tlme to timo to permit suCb parttclAaUon. , • ,
<br /> .- i�����ya„�rg,�g f!�C!±�S{GE9 9Y C-0YFA1lMFNTAL AtlTFtflAIYIES. The taliowing provislons�e!ating to govarnmontN taxe3, (_��_,__�:.
<br /> �.� leeg 6nd charQes flre e paA Ot this Oeed of Trust [ .
<br /> C6men9 Texe�,Finas erM C4farpss. Upon roqusst by LenQer.Trustor shati execute such docurtrenb In lddiUpn l0 tpt�.08ad o}Trust and teko . `;--,
<br /> � � . .. . �
<br /> I _.. ..,-_�-� . !�?
<br /> _1 _. .. . .
<br /> --. . , .. . .
<br /> � . , • i , � . . - i � : �
<br /> , � . . . ,
<br /> . . .
<br /> . . . .- . . . ..
<br /> .
<br /> - - . � • - � -•- , -: .'. .�.. . . . 17ti� -
<br /> , ..
<br /> .,
<br /> ... � . . .. - . ._ � .. . .�
<br /> .
<br /> • . .. .-. .. ..... . '. . . : .. �:'.:�-' .. -. - .. . . . . � r•.� � � t �r i. .. .. ,
<br />
|