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<br /> _�:�_. s�
<br /> � � � - ��-aY-�sss ,� .� , � � ^f.�-
<br /> -�
<br /> � _ , DEED OF TFidJST Pag$3
<br /> � � Loen H� (Continued) a7�'� �Q�
<br /> . � Praperty. . .�` ' . ��:
<br /> � �a�o�Ca�!!On• 7rustor shaU rsm6y Lendar at teast fifteen(t5)dayg pefors any evork is cpmmenced.any seMCes pre funusyed,or any ' � .}�
<br /> ma�rtats aze s ued ta the Pro e � � �a
<br /> �p P �ll. �f any mechan:c's Uen, mqt�riylmen's I:an,or ottter tien cputd Ce asserted on floc0unt of the wark.
<br /> �BMCes,ar mat2rlE[S. Trtrstor wiD uport request of Lender t�uNSl�to LenQer aQv3nee assurgnpgg s�t�y��y tp�nCer that TruStpr can and xr�ii ,
<br /> � � � pay ti�s�o?such�mprorcaments. � - -
<br /> PROP6iTY D�MAGE IN8uRAi�(CE. The foUawing prowsions relahng lo fnsurin tt�Rro • , `
<br /> .. . 9 RERy 8re e pflrt Of thtq DeBd 01 Ttus}. � • .-
<br /> Matntes�nee at Inauranee. T►ustor sha➢pracure and maintan poEcces ot firo ins�ranca w�th standnrd e�ended coverage endasarrtenis on e . . ,
<br /> replacement basis ror tho tuU�nsurahle va�ue Covanng s�7 improvemerrts on ths Rea!Prcparty m an gmount sufEaent to avotd eppGCaCon ot anv
<br /> : e calnstuance ctause.and with a sb?n���m�.�;m��;,:;:;,,��;,W;.loqcirter w�in sucn otrter tia�rel and I�aO(Ii ►nsuv8nce as lender _ - _ _ -�- --
<br /> � may re8sansbly requha PoL'des shail bo wrttien in torm.amaunts,tovemge^5 end bas�s reasonabty SCCepfaCs to Lendar and fssued by e T`�_`------ -. .-
<br />- ` campany or cort�ran:;�33 reasonabty axe�+aEte to LenQer. Trusior,�tpon�u,,;:at Lsnder,wt�dativer[o Lender(rom tlme io time the potit�es '
<br /> an
<br /> � C�cettlt:cafl9s ot Instu�nCg in fortn setisfg�tory to Lender, indutting stiputador�that cov�raq�wili not Ee cartceIlSd or dirtun�shzd without at
<br /> teaH ten(ta)days'prtor vrrftien noYce to LenCgr. Eacn Irrsuraxe �'''
<br /> LenQar vri11 not be im�aUSd in anY waY bN any acf.amtssian or��g�t oetson¢tor or any o er Person.8Sf►a�d the Real Frop�e!an tlme!
<br /> m r } �� •:
<br /> �; � becaTSe lacatad in an area designatad by the D6ecta of the Federal Emergeney Iyanagement Agency as e spedal ticod haard area,Trtistor � '. �-
<br /> i agree+to obiatn and mai�►tain Federai Flood Irrsurence fa the htD unpa:d pdndpe!betance af the iaan.W t o d�e m a�d u m p o G c y G m�t s s e t a n 0 e r `
<br /> I t�����Fl O���s�►e�e P r'o�a m.o r a s o t h en�v�e req u h q d by lertder,and to maintain sueh instuance}a N8 term oF the loan. ' � �
<br /> an.
<br /> : 1 A�Diieattan of�a Tnutor snatt promptty rtotity Lender of anyr Ioss cr damage to the Property. Lender may make praof af loss'rf Trustor � �_.�'4T
<br /> taits to do so wrttun fiftsen�t5)days o11he c�sualry. Whetrter or not Lender's secunty�s impare0.I.enQer may.at ns elecaoo.recetv�7 end retain •, - �;�.`,��
<br /> 1he ptooeeds oi azry ir�surance and aPD�Y the Proceeds ta tho reducdon of the Indebledness,PaYmaM of arry Gen affaCting tha Rra�3rE�►.or ffia .
<br /> . resforatton and tepstr of the Froperry. If Lender elecb to apAry the proceeda to resto�llon and repafr,Trustor Shai�repeh or c:��,c�thB � � ' ..�"�
<br /> • damt►Qed or destroyed Improvements in a manner setisfactory ta Lender. Lender shall,u,pon satisfactory proof of such e��r�;r.�,pay mr ` • �;�„�
<br /> ' �eimbmse Tnstor hom the praceeds tor fhe reasonable cast of rep8tr Or rastoratlon H Trustor ts not in defguA urtder th.fs Qead cf Tr,��.
<br /> ' P�wNCh hflve rtot b9en dQbursed within 18D days�fer theU ret�fpt and wh1cA L¢nder has not cpmmf�0ad ip thg � '�+°°R'�4'�'�=
<br /> ret fp repa+r cr�t2rs6cn Gf . � ` s, ��,,�t,rt�
<br /> tAe Property shal!be us�d fust to pay arty amount ov�ing to Lender under this Deed of Tnut,then to pay accrued irrteresl,and t�e,�ainder�it ��' "���
<br /> s�Y.s�be ePp�ed to 1he pdncfna!batartce oT the lrtdebtedrtess_ It Lendet hWds any proceeds after�ayme�in fup of the inde�`r�L*.�ss,such y";�'`.
<br /> prv�8d5 sheD be p8id t0 TrWto►es Ttustors int&tests me ,�j:-'`: -: , • ;Y
<br /> . Y eADeBr. :,;,'r'���� � , . �.,,
<br /> l�ad tttsunnce at Saia.Arty un " � '�.`' `_ d'�^
<br /> e�hed insunance ShaU inu.-�a the benafrt of,and pass to,the purchaser of the Properiy eoyered foy try(s �.� �=- , -
<br /> Deem of Tnist a!grry tn�step�s sa►e or other sa18 had under Use pro�ions of Utis Deed af Trust,or at arry for�psure sa►e ofi sucb Property. "•
<br /> - TAX A!'�1llSi�tApl�E[�yEg. SubJeci to eny tirt�tions set by apPiicabie taw,Lender ma�require Tnsstar to maintain with Lender reserves --- - � .'��t
<br /> for payment ot annu�l4�ass�sments,and insuranc3 prerrdums,whkh ra5erves M�-�,;1 be aeated by advance payment or monthly paymer�of a
<br /> re,erves
<br /> _ sum estimated by Len��be sutfici,ent to produce amounts at Ieast eQ�;ai to Me O�s,as��essments,and insurance premlurta to be patd The
<br /> . reserve tunds sh9U be hefd by Lender es a general deposit from 7r��. wh�ch Lendet may satisty bY PBYmertt of the taxas,assessmen�,g�d • ��
<br /> ��swenac3 Premlums reqWred to be p8i�I�;+T►ustor as they Decome d:�a �.ender shail have the rlgM to draw upon the reserve ryindq to pay suCh "` '
<br /> ttems.E:+�Lender shell no!De requ�Gr detertntne tt�e vafi�ity or BcCUracy af arry item hefore PayinO it fYothtng in the Oeed ot Yrust shaU 6e � .
<br />. , . cor�strued as requlrinp Lender to advartes ofher monles for such purposas,and lender st�all not inciu any Ilab�ity for anythtng it may do ar omEt to �+,. .`•� � ' ����
<br /> do with re5pect to the resetve eccaunt M amounts in fJ�se reserve eceount ere hereby ptedged to turtAer secure the lndebted � � �
<br /> • heref�y authodzed to vnlfidraw and � '���
<br /> ness.end Lender b ' ";a. ::°�, .
<br /> sap.y surfi emou:�cn ihe Ind�0na5s upon the oxur�rence of an Event o!De9su1R Lender shell not be �``. `.�. �`��`�'�
<br /> requked to pay at►y interest w esmings m-the reserve tunds unless . i,:-�°
<br /> �.u�d by Inw or apreed to by Lsnder in writing. Lender dc�s rnS hold ihe _' � �s:•'•:°'°'�5 .��._.�
<br /> �, re�'.,en�W„-�tds ht bust for Trustor,and Ltr�r is not Tn�stors e ent tor i
<br /> 9 ��"r�nt ot the texes and essessments requUed to be peld by Trvtlt�-. � � �'.�• ,•�� r'�
<br /> _� �S By LE�EA. ►f Thrs7¢rr tai's to comply with any provision of tNS Daed of T 1 '
<br /> nAt.or H an acdon ar �•�':''`
<br /> waWd . Y Proceeding is cor..r.v:wd that � i 1":.':,�="t_-
<br /> . r'°',��r i e L y aBect�¢nder's in t e r e s's m t�e P r op erty,L e nde r on Tntstors Dehelf may,but shatl not Ee requtred to,take arry acBan that Lender ' " '`,���r .•`,#f;{�;!:
<br /> , deems approprfate. Any amount ttiat Lar+�er expends in so doing vdu bear intsrest at tisa r�e provitfed fa in the Note hom the dats Inc�red or paip ,�
<br /> by Lender to the dats u} �e � -
<br /> '� � repaymaM by�'�ustor. A7 such expenses,a1 Lende�s opUon,+ni� ;a)be payabla on demand, —
<br /> ••:.?�.� of the Note and be apportionad among and bc�payab(e with any imtaAment paymards fa�ecome�t�•e during oMhar pjbt�hee�rm at to the�a(8nce -
<br /> `',';'� insutenCe pot�y ar (Ii)the remalntnp tz�o!the Nate,or (c)6e trealed es a be0oon a ����� . '��,r
<br /> `''�' This Oead of Trust aso wUi secura a �g P Yment whieh,rmT ha dua end p4yable al the Notes maqufty. !
<br /> . remediss to whkh L¢ndw may be 8nU"Ued o atccou t of the defau�Any uch a�cpon by Lendgr s�natbe co instrued as Curirp the defa�i�tMsp � _
<br /> � ber Lendsr from "�:�.�
<br /> enll remOdy that it oihetwlse wautd h8ve had.
<br /> ���-�
<br /> ' W���C�1SE OF TfiLE.The foltowinp proWstons re(ettnq to ownershtp of the Property are a part oi thig Deed pt Tnist ',�y�
<br /> ' TFds. Tnsta wartgnts that (a)Trustcr hotds pood and marketabte 61fe o}reeard to the Property in fee simpte�(reg and dear of oA Ilens
<br /> ' -'�r,r,,:'fL`::Jtt�:
<br /> enCUmbrances other than thosg set torth in the Real PropeAy descriyyan a in any dtte Insurance pofi�y,tltle report,pr�n�►ti�apinion 4ssued tn
<br /> fuvor oi.and aCCepted by,Lender in conr►ection with fhis Oeed of Tnu�and (b)Trustor has the tull daht,powar,and author(ty to execute and ',�r,:;,._�.
<br /> �, QeAver this Cead of Trust to Lender. . ^r.��`
<br /> Orhnt�0!TIW. Subfect to the excepUon ln ihe paragrapA above.Trusia warter��,-d wi0 forever defend the Utte to the Propwty g�atrKt the � , '':-:'�;'�:_,�-
<br /> .•� lawhd CWms of eD perscns. in the event any acUon or proceeQin�is commanr�u`,at questlons Trustora tltl9 ar the interest of Ttustee or �:. �v,�•��A�;
<br /> 9 r Lertder under tMS pae�o}Tnisl,Trustor shaU defend the acUan at Trustor's e�errso. Trustor rr�ay be tho nominal peKy fi such Proce�dtnp.bvt �•,��.+�r. ,. --
<br /> Lendpr shaU 6a en6tled to partldpate in the proceediny and to be representetl In the proceeding by caunsel of Lendgrs awn ch ��� - ,
<br /> Tn�sto+w(D deilver.or cause to be del:vered,to Lender such instruments es Lender may request from Urne to Bmo to ermR such ��d -•� ���y�r.y�;�..•'
<br /> �WIIA Uw�. Trustor:s�r,^artts that the ProPe+�Y and Trusta's use of the Pr p P�atlon. . ._f,R�: .,,-
<br /> ' ordinances,and operlY complfes wtth all e�dstl n - �-°�,:
<br /> raQNatiorp of gover,:-enffiI authori�. �epA�ebie Iaw�, . , ,,,�:_°_.-:
<br /> . . ' CONDENNATIa�.Thetouowt . , ... ,-" : Fi�`
<br /> ng proNsions rekitinp to orry9mnatton procaadings are a part of thts Deed of Trust � ���
<br /> oc .'�f;ti�{��is��
<br /> -• . � ApQ11CANOR O}Id61 DfOCElQs. If 811 Of a ,��fi�k � �'
<br /> r�yr part ct tRe Properly i�condemned by em�nerd domaln prooeedinps or by any procsedlnp or
<br /> O�Chese fn Geu o1 condemne6on.Lender mey at ib efectlon reqm.u:haf ail a eny porUon o1 the�gf proceeds o}the awerd be ":`�����j,�';,° .:I':r.,��,
<br /> �ndobladness ur the repah or restoratlon of the Propar4y, Tha net procaeds o}the award shatl mean the award after a �p�to fhe ,� .,�„�,5,,,. .
<br /> � cosb.e�en5es.and attcmeys'fees incurred by Trus`ee a Lender tn connectlon with the condemnetion. p liment o}eD reasonabFe . ;y: „�_ .;�. .. r�
<br /> ' step�ma�be any proceedinp in condemnaGon Ia fited,Trusfor shell promptly aoti Lender In wriH and Trustot shcil prompriy feke such ����.i,
<br /> N np, �.:- :.-- -.
<br /> Y necessery to defertd the acUon and obteln ths award. Trustor rae3�Q�a the nominal '�4�.e�4.�. �'
<br /> be onUtkd to puticip4to In the proce�dind and to be P�Y in such praceedinp.but Lender shaU ��. �...: i.w w•.
<br /> represented in t,he proceeter:�by counsei ot ib own chdce,artd Tnuta wi0 deliver pr - �...�'•'_ ;__
<br /> causA to ba detiv�e0 to lender suct��^�trumans as may be reque��i by it 6om ttrr�e to itnw to�ermit such p�ttcipaHOn. �� #
<br /> uS •,::i:i�r.�•-, w.: .
<br /> :. �, � IIKPOSIT(ON OF T �.;•.:;:.=:�'�.,
<br /> foes and c ���8��''�'�By GOVEpxMF�VTI�I'` AIPTFtORRIES. Thg folloNrinp praNsion�reiatlnp to goverr,rR,�-ttu!taxa9� . . ,
<br /> herpes ere a paA o}this Oeed o!Trwn: , ,
<br /> Current T�tey�Fees and CfWqes. Upon requ�t by ta3nCer,Trustor Shall e�cscute such documents In edditlon to ths Oeed of Tr„�t and t�tce ' '
<br /> whatever other actlon Is requested by Lender to�ou9s�1 end eon�nue lsnQer's lien on the Real Properfy, Trustor sh8il relmburc,.e E,en�yr for ai �
<br /> texes,a9 described betow,together wUh all exrer-.;,�i�ur.sd in recerd)ng,paAecUng or conUnuing tAis Doed of Tnrst.lrt�cfi�.wtthout
<br /> iimit�t�on ali faxes,feey,documentary s4amps,fln�CthET cMrges f¢r��r�r,g or reglstedny this Deed ot Trust. � � � �
<br />' Ttxl9. The t0ltowing shsll Constifu`�tsxgg to whiCh thi9 SeCtior,�rp1p5: (9)e Speciflc tex upon thls type oi Deed of Trust or uFCrt�il ar any
<br /> • part of the Indebtedness saC�ued by fhis Deed of Tnist; (b)a s,re�f.:c tax on Trustor whfCh Trustor Is euthorized or requlred to CeCucf hC.^r
<br />• paymenh on the Irsdpbipdness secured by this ty��at D2gd o}Trus�: (C)e 18x on this type o!09ed of Trust Chargetyie apelrtst fhe LenQer cr � �
<br /> the holder o1 fhe E�ato:nnd (d)e speci8c tax o:��¢F,ar any porEa:�cf the Indebtedness or on paym9nts ol pNncipal gnd irtfera59 mgde by , � . .
<br /> ' Trustar. .
<br /> Subaequant Tmteb. If any tex to wt�ch this section eppiies is enzG�J subse uen4 to the dato of thls Deed of Trust,thts ev�rtt��G.ave the , `J,,��
<br /> Q h ���i�t�qi'! �—�
<br /> � same etfet,M es an Everrt of Detauil(as deflrtsd baJOw),an0 LenOer nay oxercise any or e1i o}its aveitabie�err�dles tor fln EvBrtt af Cefault BS
<br /> pravlded below unfess Trustor etther (a)pays the ta:.tefore It becomes deHnquent,or (b)contests the tex as providsd uhcve in tte Taxg�and �,
<br /> Vens sectlon and dsposits witA Lendor cesh or a sufl'�c�l corporate surety bond or other saCUrity ggUSTaCtory to Lender. � `` �
<br /> �ECl�11TY�QiiEERtENT;FINANCINO STATEN9ENTS. Ttso fo7owing provisions retating to thts Deed o}Trust gs e secudty agreement are e p8R ot _ �'
<br /> ihls Deed Of Ttust
<br /> ,.;
<br /> ,.., . .
<br /> -
<br /> �,,..
<br /> H Ayreemenl. This inshumerst shall constituts a securiry agrepment to the oxtent any af the Propetty cpnSL'�tpg,flxturpy pr other � ' ' �
<br /> p�onel properfy,and Lendor shall hava el!of thg dghb of a securod party under fha UnNarm�.������y.a��.���;�uru Ume to - �" - ----
<br /> `- '-__°°-
<br /> •� , • �r . � �s
<br /> ----•---- . ....—._.__._. �._... _ _ i 4 .._ •---• ��
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<br /> '.�r-i .. .. � . • . � . ., - . ' `, _� V� . .• I' • ' ,iti �i
<br /> .. � .�... , . . � . . . � ,. , . . S. .� ;��. .. ' .s. 7. �- . .. . . . � . , .�/-.._ ..� . . • . �. :'�-+ . . . � . • � ' ' . _ . .
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