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<br /> . _. � , . .; - o,-0�,sss DEED O�'TRUST Page 3 �._.
<br /> ----`_-- - -,'� Loan t�o 612T13 (Con4inu�d) ��� ���� `[``- - :-
<br /> �.--
<br /> . � • � amount SufNd9nt to diSeharge the lien plus arry casts and attomeys'te05��r Gther eha►ges that coWd aoaue as a t6sult ot a taract�uro or sa19 ''� «�:':�
<br /> ., � " f '.� under the Iisa !n arry so�esL Tnator shall defend itselt and Lender end she0 satis(y any adverse Iudgment Oetore eMoroement agalnst ttt9 '� � - ' ` �
<br /> Property. Trustor st�aU name Lender as an eddHOnal oDllgee under eny Sc�raty 6and t�unished In the r.ardesi proo9edings. `��s.' ,..��"':
<br />-'� �• � ` �; EvlQenee o!Payment Trostor sda1J upan demand fumish to lsnder sa45tactory evidenoe ot paymem of the ta�o�or essessmertb and shaD
<br /> • �` � authorfze the approprtate govemmeMal otHdal to daUver to Lender ai a�ry Ume 8 written statement of the fexes end assessme�against tAe , .
<br /> Properry. •-
<br /> � ' N�tleO of Oon�On.Tn�sior sheD«otify LenBer at least fiRean pb�days before eny woik b commenced.enY ser�ECSS ere flunished.or enY •
<br /> - �. � . ma�are supp¢ed to!ha Rropeity.N enY mQCAan[Bs¢en.ma�tatmer�s Qen, or other Iten cautd be esserted on account o!ihe waM. _ �
<br /> • • • s�vtces,or matertals. Tnistor wzl�,tRcn request of Lendar fiunlsh to LenQer advanoe assuranoes sa�stactrnf►to LenQ�tAat Trustor can and w� - � '.,
<br /> • ` , -,°. paY the eosl af sueh ImprovemeMs. ���� �
<br /> ' � � �t��`"�`� PROPFATY DAtaAtiE QISItfiRtiCE.The to11ow1rsg pravistons reatlrig to tnsuring the Pro�eRy ere a D�of Ws Oead of Tiust `-: .
<br /> 4_
<br /> ;r. --. , T.� !J!&tntena�04 tnstueutCe. Tn�star shaU pr�ecure and me3Naln paCdes a!5re instusrtce wit8 stanQard e�Qended covetage endorsemenls on a ; ` . - -
<br /> �� reptapgme�basts tor tA9 fuI11rt5�u8ble vetue covadng eD improvamerds on the Rea!Prop�ty in an amount sufHdeM to flvold ayyttmnon o!any
<br /> `; ` � • eainsurance dause,artd with e stendacd madgagee clau59 ih tavor of lender.togetiter with such other hazard and�h�'ity Insurance es Lender
<br /> may reasonaDry requUe. Polldas shall Oe w�tten in farm.amounts.eave►aSes and basts reasanebry aoeeptabte to 6ender and�sued by a -•..s.'
<br />�`r_ � eompany or eortrpanTes�easonahly ecwptabte to Lender. Tn�sto.upon raquest of LenQer.wiD de6ver to Lender trom time to tfine tAe polfctes -
<br />` or certiftcates of tnsucance tn fortn sa6stactory W Lender,(ndud(ng sUpufattore that coverages wU not be caneeiled ar�mtntshed wHhout at , •
<br /> s i. • , teast ten(10)days'priar wrft�n noUCe to Lender. FacA irswarrca Da�Y elso shatl induda an endorsemerd proNding that eovsrage(n favor of �. .
<br /> Lender vrill not bs impatrod in ar►y way bY enY ee1.omi�lon ar defauii cf Tnutor ar enyr ctAer Person. Sho�dd fhe Real Properly at ar►y 4Im9 ,;;�.��'.�
<br /> become located in 8n area designated by tne Oireetor ot Ure Federel Emeigerwy ManegemerK Aget�y as e special Raod hezard atea,Truster -
<br /> °,, � egreas to obtain and mal�ln Federal Flood Inswance tor the ti/AI urtpald pdrtdpal ba�ance of the toan,up to th0 me�dmum polh.y M�set � _ �- -
<br /> :�. � under the Nagonal Flood Ir�smance Progrem,or as othenMSe requ�ad by Lender,artd to mainteln such insurana�tor the tertn oT the toan. '•_
<br /> ApDUCation of PnoceeQe.Tiustor sAall promplry notily LenQar af arry toss ot damage to tha ProAeAY• LenQer may make proof of toss itTnator . A ' �- '%=-�-
<br /> t�` '��-
<br />.-� . . • taiiss to do so wtthia 5fteen(15}days ot the casualty. Whether or nof l�enders sec�uiiy is Imyatred.Lender may,at Rs ei�cUon,�[ve and retahi -
<br /> i� ' , the proceeds of arry irtsurance and apPty the procesds to the reductIon of ihe MQebtedness,paymertt W eny Qen affecHng ihe PrapeAy,or the < .���z•'�-% -�--
<br /> •4. � , rastoraUOn end repelr ot the Property. I!Lender etects to appry the proeeeds to restoraflan and repair,7rustar shall repsh or replace the '.�� ` =�-•
<br /> ra
<br /> ,�: . ,..;.�� .,... �—
<br /> damaged or destrayed tmprovements in a manner satlsfactory to LenQer. Lender st�a0,upan sat�Ctaryr proof o!sucl�e�end�Uue,pay or �::.,��,.�,•-,•_:__
<br /> , . • reimburse Tnstm irom the proceeds tor fha reasonable cost ot repa(r or restarallon N Tn�star is not in detauri und�this Deed o!Tnrsl. My �,%<<<,:�fJ" —
<br /> a
<br /> `L praceeds which have not been disbursed wlthin 180 days after theU receipt and whtch Lender Aas reot commnted to the repair ar restoretlon ot ;;�;'��`,�. ':_-
<br /> �:�"`� �"s. the Property sbal!6a used first to pay any amount owing to Lender under thts Oeed o!Tnist,fhen to pay eocrued interesl,and the oemeinder.if _ _ ?''; ': .,Y
<br /> any,sAall be appiied to the prindpal batance ot the I�debtedness.If Lender ho►ds any proceeds after paymertt in tuU ai tAe IndebteQness,such • � '��-
<br /> �.� . •;�} proceeQs shail bs paid to Trustor as Trustor s interests maY ePPear. . .:�'�`
<br /> ,�: ` Urte:pfre�f Insurenee a!Sffie. Any unexpUed insurance shaU i�ure to the benefit ot,and pass to.the purchaset of tha Properly covered by this • ,��:°a,-�.,
<br />_ , ` Qoed ot Tn�t at arry tnatee s safa m other sale hetd under the provisions of ihis O�ead otTrust,or at arry foredos�aa sato of such Fruperty. '.� , -- -=_
<br /> - . . EXPE�lDITURES BY L6�IDEp. if Tiwtor faits to compty wiit�arry prov(sion ot this Deed ai Tn�st,at tt any scHon or proceeding ts cs�nmenced t�at ' �:"��'".�n�:;=_,
<br /> � - woWd matedaUy►aNect Lsndefs interesb In the Property,lender on Tnistors behaif may.but shall not be�eqWred to,take atry ac6on that Lender ;_c.—
<br /> � deerr�s appropriate. My amount that Lender e�anCs irt so Qoing wiD bear Interesl at tha rate proNdsd for tn Uie Nate trom the date tnctmed ar peld ' . _ -
<br /> ' by Lender to the dete of repaymerH hy Ttustor. AO sueh e�ensas,a!Lsnders optlon.w(U (a)be payab►e on aemand, (b)be added M the batance -
<br /> . . . • of the Note and 6a apportloned among end be payabte wfU�arry h�s�lirrtent payments t�baceme due during either (�the term of any app�esbte �-�
<br /> �: __ inswance poUcy or y)the remaini�E�m of ttia Note4 or (c)be heated as a balfoon payment which wul be due and DaYeb�e at tha Note's mahuiry. �.�:�,j�k'�-
<br /> ���� � - Th"s Dsed ol Trust atso w11 seeure payment of these amaurds. The rfghts provtded for in tdts paragrayfi shatl be in addfdon to arry other dgAb or eny -- -%ryi,-��Y;
<br /> "• ' � • remedtas to wh(ch Lender may be enUiled on accoum ot the defauit My such action by Lender shaU not be wnstrued as curing the Oefauit so as to •, ",��;' .,.r„__
<br /> bar Lender from any remeQy that it otherwfse woutd have had.
<br /> • WARRANTI/;OEFQ�iSSE OF TITLE Tha fotlowing provisfions relaUng to ownersA(Q ot the Properiy are e pari of this Deed of Trust . � �' .:�"�---
<br /> • • ' TIUe. Trustor wartants tha� (a)Trustor hoids good and mariceta0te tiUa ot racord to the Property in fee stmpfe,free an0 dear o!aD Uens and �• °y."!�"
<br /> ` �.,r' encumbrances other than thoss y�t forth in the Real Properly d�aiptian or in eny titte insu�poQCy,tilie repoA,or final tiNe opfnion issued in ,"�{'�� --
<br />:`��% � • (avor ot,and accepted by,Lender in ConnecUon wRh this Oeed of Trugt,8nd (b)Tn�tor hes the full rfght,power,8nd authofity tu exeCUte 8nG �.i•��,� -.-?'h
<br /> . :T deihrerWSOeedofTrusttoLender. ��A.'�;;'_
<br /> • . ;�i Oetense of�qJa. Subject to the exceptlon in Ihe paragraph above,Tnistor wartanls and wN forever defend tt��to the Property agatnst tt� -
<br /> . , ' ' . ..� lawhd de�ms of afl persons. In the event any acUon ar proceeding b commenced thet questlo�Trustors tk�a or the tnterest of Tnutee ar ��'�`,�;
<br /> lender under this Deed of Tnub Tnutor shall defend the acllon atTn�stors e�ense. TNStor may be ths nomtnal parry in such proceeding,but 't�' ;-
<br /> ' ' tsnd6r shall be en6Ued to partidpate In the proceeding and to be reD�ented In the proceeding by counsel of LenCers ewn cholce,and �. � �'�`-.
<br />'. . � Trustor wiU delhrer,or cause to be delivered,to lender such Insbumenb as Lender may request irom tlme to tlmo to perm(1 sucb pardGpaUon. � °•��_
<br /> Compitanrs With Lawa 7rwtor warrarrts that the Properly and Trustor's u5e of ths Property compties wifh all mdsting appl(caLle taws, .`�
<br /> � � o r d i n a n c�,a n d r e g u t a d o n s o f g o v e m m e n t a l a N h o r i U e s. _
<br /> - •'; COHDEMHATION.Th0 tolbwing provi5lons retatfng to condemnation proCeedings are 9 part of this Deed ot Trus1. . ' ., _
<br /> `��:;: } qqplicatton of[�et ProCeeQe. if ail or any pan of tne Property is condemned by eminBM domaln proceedings or by eny proceeEing or . ' . '
<br /> ..4,,. t purchaSe in ligu of condemnatlon,LenQer may et its etectlon require that 811 or any pordon of the net proceeds of the 8ward bo applied to ths . •
<br /> Indebtedness or the�epair or reStoraUon of the Property. The net proceeds of the award shell mean the awrud aftet paymenf o}aIl reasonable .
<br /> ' � Cost9,e�enses,8nd 8ttorney9'fges incuaed by Truste9 or Lender in conneCUan wl1t�iheCOnQemnBUon. .� � , �
<br /> � Froeeedings. ff any proreeding in condemnaUOn is fitad,Trustor sh811 prompUy notify LenQer In wrifing,and Trustor ShaU promptly take such • , •
<br /> � steps as msy be necessary to defend the acUon end obtaln the award. Trustor may be the nomtnal party In suct�proceeding,bui Lsnder sha7
<br /> • be enUtled to partidDate in the proceeding and to be�epresented in the proceeding Dy counset o1 its own choice,and Trustor w10 de0ver o� • _
<br /> cause to be delivered to Lender sueh Ir�shumenb as may be requested by it trom Ums to Uma to permit such paNcipaUon. • . .
<br /> IMROSiTION OF TAXIE8,FEES AND CHARGES BY QOVERHhiEAdTAL AUiHOAR1E8. Tha fo'IOwing provl.slans relaUng lo ga,+emmental taxe9, � : .
<br /> •;:�'; � fees and charges ere a parl o}this Oeed o!Tnu� ! ' '
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<br /> �' ;� � Current Taxeq,Fees an0 ChargeA Upon request by Lender,Trustor sha11 execute such dxuments In addr�an to this Deed of Trust and ffi!ce •
<br /> , wtu�tgver other actlon is requested by Lender to perfect and conUnue Lender'S ilen on tAe Rea!PropeTty. Trusior shatl relmburss Lendet for e7 ,, .
<br /> taxes,es descr(bed betow,together with all e�enses Incurred in recording,porfeCUng or continuing this Deed of Trust,InGuding wtthout �
<br /> • � fmitaUOn a11 faxes,fees,QOCUmentery stemp9,end other charges 1or recording o►registedng this Deed ot Trusl. �
<br /> Tmcea The tollowing shaU constitute feues to which thls secUon epplies: (a)a speciflc lax upon this type o}Deed of Trust or upon all or any
<br /> � _ paA of the Indebtedness secured by this Deed of Trust; (b)a speciflc tax on Trustor whieh Trustor Is authorized ot required to Q�duct hom �.
<br /> , payments on the tndebtedness secured by lhis type of Deed of Trust; (C)a tax on this type of Deed of Trust Charggabte agair�t Ihe Lender Or � �
<br /> the holder af the Note:and (d)a specieo t�on all or any poAion ol the tndebtedness or on paymonb of pdncipal and Interest made by � �
<br /> . TruStor.
<br /> '� • Subsequsnt Taxea tl any fax to whicA Ihis secUon appiies is enacted subsequent to IAa date of Ihis Deed of Trus�this evenf shali have the � �
<br /> same eHect as an Event ot DefaNt(as deflned below),and LenQer may e�cerclse eny or all of it9 avaitabie remedies for an Event o!Oefaull as � �
<br /> . , . provided betov+untess Trustor elther (a�pays fhe tax betore It becomes ctsilnquen�,or @)contests the tax as proviEed above in the Taxas and
<br /> � . uens sectton end deposits with Lender cash or a sutflclent Corporata surety bond or other seCUdty saUSfactory to lsnder. ff . .
<br /> , • .� SECUAl7Y AGREEMENT;FINANCIHti STATEt11ENTS. The tollowing provlsinns releting to this Oeed of Trust as a sacurlty agreement are e part ot � .,
<br /> � Ihis Oeed otTrust.
<br /> -: ,; SeCUAty AgreBrteenl. Th�s instrument Shall consfitule a secu,ity agreemenf to Ihe e�tant any of the Property consUtutes fnAUres a other � . •
<br /> - personal property.and Lendet shall have all ol the rights o1 e secured party under the Unllorm Commerciai Code as amended hom time to �
<br /> ,: �.• . Ume. , ,
<br /> Seeuhty Interest. Upon request by Lender,Trustor shall execute OnanCtng statemenu and take whatever other acllon is tequested by Lenaer
<br /> � '� to perteet and con8nue Lender's secuhry lnferest in ihe Rents anC Personal Property. In&ddiUon fo recarding lhls Deed of Trust in the reai .
<br /> . proparly records,Lender may,et any Ume antl wrthout fuAher aulhorizaUOn from Trustor,f�te executed counterparts,copies or reproductlons ol ` • • .
<br /> this�eed ot Trust as a financ�ng stetement. Trustor shall reimburse lender tor all expenses incurted in pertecting or continuing this sgCUrity j
<br /> ,.,. • interest. Upon de}ault,Trustor shall assemble Ihe Personal Propedy in a manner artd et e p18ce reasonably Conveaiani lo Trustor and Lender • •
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