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<br /> � `' D� OF TRUST Pa�� ' " �._ � �
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<br /> . 01-12�-1998 (Conttnue� ��m ��,j� .
<br /> � � Lo�n No 628735 �..�5 .�
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<br /> `. � and sower).Rn�and imposiUo�tevied a�alnst or on��ma[n�mtn�uia arope�rty►�al�ann ens navt�artlY o+rm or qual ro tne
<br /> sm�Aees renCared or matettal MnlsAed to tDa ProDe►IY• �.:
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<br /> i�eresl of LenQer under tNs Deed of Trus1.euePt tor tfle Den of�and esse�rt►eMS aot dve.eueD!tor the�dstlng irtdebffidness reterted
<br /> ' , � � to helow.and e�acePt es ott�erw(58 Prov►ded in Uils fleRd of Tn�st • .
<br /> � q1gM To Contec3l. Tmstor may wfthhdd payment��i�d if a Qen�ertses o�r b filed as a restA�t�of nonpaYmen�Tnistor Shail w�hin ,
<br /> � to pay.so tong es Lendar's i�ecest in the PraPeRy► ,' .
<br /> . fiReen tt�dalls eHe�the Uen a�or.B a lien Es Red.wtthtn fdteen(tb?daYs�TnisMr has not�e of ttis Sling.sociue tde dlscharge of th9
<br /> Qe�.or(t reqaested by Lender.dePosit with Lender cash ar�suftteiard eorporafs stueHthat cot�d adxue as�a resuli�e cled�su�oct sale �
<br /> , amourtt s�ficterri to�scl�sr8e the tfan pius any cos�and atmrt►eY�fees or otAer charBes adverss ludSmen!betora erdcrcamertt ageinst tha -
<br /> � undet tha Ren. tn arryr eor�est.Tnsstor shall defend ifself e�d Lender and shaU saHsN enY .
<br /> ' . `- prpPerty.Tmstot shaU name Lender as an addtlonal oDGge9 under acry surety bond furntshed tn the co�����and ShaU .
<br /> -- ` - Evfdertee of PsymenL Tnutor sha0 aAon demand fumish to Lender saSsfactor1l evtQenee of paYm -- --
<br /> .` � authoriae the aPDroPrtate 9ovemmerttai offielal to defiver ta Lender at enY�ma a vrrUisn s[etemarfl ot the laxes end assessme►�SS agatnst the . . '
<br /> - F►oAedll• ` ,
<br />,�:;�.� . HoUce o!Consbuctlan.TnstmshaD noUfY Lender a1[east fittesn(1�daYs betore anY vrork is wmmenceA.enY s�rvtc�are tumtshed.or anY � .
<br /> materiafs are suPPlled to the ProPeRY.H anY mechanlds�n.matsriatmens Oen.or ather lien coutd be asserted an aa:ourd ot the work. . ,.
<br /> - seMces.or materiets.Truscar wU vpan raquast oi Lender fumtst�to Lender advsnee assu�'ances satlstaGo4►to Lender that Tnstar ean and wU� .
<br /> '� pay the cost of sueh improveme�s. ot thts Oeed ot Tmst. . .. .._ . -
<br />:<: • ,. . ,. PROPEATY OAMA�{HSUfiAlICE 7hs MUowtng Provisto�u�etating to Insw��9 tt►s Frooerty ere a paR .. `;- ;;,,--
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<br /> �, . endorsomer�oa e y . `
<br /> �ce o!(cesumnee. Tnutar Shatl pracure and matr�in po�des oT ftre ir�urartoa�rtth standard extendad coverege � .. :�..,� ..
<br /> .;�� repta�ment besls for the tull insivable vatue covedng eD tmproveme�As on the Reai ProPe�Y tn an ammmi sufftclent to avoid epP��4on of erry .
<br /> t:•: _ ' s� `..�..
<br /> coinsurance dawe.and with a slanCard modgage9 dause in favor of Le�der. Trustor shall aiso Procura and maintaln compreher�sive ganerai "N: _
<br /> •y� � pabl'dy insurance in sucA covera9e amounts as Lender may request vdth trustee and Lender being named es additlonal insureds in SucA Geb�TilY . - " _
<br /> : insurence polides. Addfionally.Trustar SfiaO maintain sucti other insurance.induding but not amited to haiasd�bu��A�eMPtlan,end ' .�_,:
<br /> �� ' � boUer insurance.as Lender may cessonabry re4+il�'a PoQCias shaA bs wrRten in fortn.amauMs.coveiaSes and besis�eas°nabh►e�eD��to
<br /> r` . lender and issued by a company or campaNes reasonabry aceeAtabfeto Landerr�in++��9 s�Pu�o�ot covera8��ID�ot be cendceIIed ar i +;��
<br />,f,°, _ Ums to Ume tha polfdes or�ot insutatioe tn torm Satl�nrY � ,. _ �-
<br /> ? d�mfn(shed without at Ieas!ten(t0)daY�O�r wcitt�n c�aKce to iender. Each insman�e Po4cY eiso sha0 inctnde an endorsemeat pmvi�ng that
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<br />-r;�^:. covetage in ffivat of Lender wtli noi be impaired in anl►waY bY anf►ac�.omLssion or defa�dl of Tntstot or arry other p�son. Shou(4 fha Res1
<br /> ;�::::: . PropeM at arry flme become la�ied in an area c3est9nated by the Qhector of ttre Fedmal Em�gency Mana9eme�Agen�Y es a sDeclal ftood �. . . . . -
<br /> �-.�-'`:•;:--
<br /> ;-: : . . h a z a rd ere a.7ruster egrees to obtafi artd main�ie Fedaral Fload Ir�urence for tAe fuD�l e n d er.a nd t0 tna nt�8�n s17Ch I�ura�ilCe t0►Ule term o1 ---- - �,�
<br /> � . " poiicyr Umfts set under the[Vational Flood tnsurance ProBram�or as oth e rv d s e r e q u h e Y " ',�'
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<br /> . • "1 fhe Ioan. -
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<br /> AppUcaHon of Proceeda 7rustor shao P��►�P�Y�0bh►l.ender ot any loss or damaSe to the RopedY. �ender maY�e Proof of loss HTrostor �I x`,°{:.
<br /> reoelve and rateln
<br /> iaas to do sv w(thin fNteen(tS�days ot tAe casueHY• N1�mthe redudlon o�f the Ine d�ebaadness.paYment of arry tfen affactin8 the PropeAY.orthe ��,�'�.r.
<br /> ,a':,, . ..._8 the pracaeds of anY insurence end eDPh/�8 Pro� the eds to restaraUOn and repalr.Tnistor stieD reAatr or ceptaoa the � � '
<br /> �toratlan and repafr ot the PropertY. If Lsnder e►ects to apPty D�
<br /> = damaged or des�roYed Improvements in a manner sa�stactory to lender. Lender shell,upon satistactory proof of such expencU�ure�pay or �`.
<br /> ' ; �elmburse Trustor from the pr o c e e d s for t h e re e s o n a b 1 e c a s t o t r e P a f r a�r e�o�uan It Trwtor(s not in defautt under this Deed ot Tnist My► ,.}.,��
<br /> - � procaeas which have not been Nsbursed wilhin 180 Qays efter theh recetpt and whlcb tsnder has no1 commiitod to the�epaU er re s t o n a B o n o t �,.
<br /> 1he PropeAy shatl be used ftrst lo pay any amount awing to Lender under this Oeed ot Tnut.then to pay aa�ued inierest,and the rema�nder•ff L.`�
<br /> arry,shatl be appUed to tBe pdncipal0aiance of the Indebtedness. if Lendar hotds any proceeds after paliment in tutl of the tad6btedrtess.sucA �j�,';
<br /> . . proceeds shall be pald to Trustor es Trustors Interests maY 8D0�. `', r :_�;;
<br /> {fie�ired�ng�ttmttCe ei Sate.Any uneaphed insurance shall inure to ihe benefii of,end pass to.the O��r of the PtoDe fi►eovere0 by this �;y,_;
<br /> DeeO of Tnest a1 any trustea's ssts or othe�sate deld unQer the pravlslons of this Dsed of Tnisl,or at am►faredosure selo of suCh PropaRy :..;,[r,�.:
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<br /> � . Compllanea with msUn9 tndebtednesa Oudng the PeAod in whlctr anf►6dsUn8 tnQobiedness dasaibed below is tn e8rsct.exmD�w(!h . ; : _�:
<br /> th9 Msurartca DrovLsions oo�ned fn the IrtshumeM evl�enCtng such F�dstlng Indebtedness stiafl consUttrte Comp08nce with t119 InsurBnoe , �-
<br /> a
<br /> � • prpvlslons unQer this Oeed of Trust,to the extent compiiance wflfi the temn5 of this Oeed of T�ust woutd consdtiAa a duD�tlan ot tr�uranee .. ,;;y�..:
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<br /> requtremeat It anY Procee�from the in5urance be to e ho t d er of the Ex(stl�t Q�teQn�ess.�OeOd ot Ttust fat divtsfon o1 Droceeds sAaU ; �['.
<br /> ' ` appry oniy to that poNon ol the pracoeds not payab •
<br /> ' T�ustot's RepoA on Insurance. Upon request ol Lender,however not more than once e year,Trustor sha11 tumish to Lender e report on each , y� ;_
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<br /> �. � . , . , wdsting policy of Insurance shawing: (a)the name of ihe Insurer; (b)the dsks Insu�ed: (a)the smount of fhe po0cy: (d)the properly imured, •
<br /> ,% the then eurtent reptacemenl value of sucA property,and the manner ot determinln that valu9;and (e)the 0�iraUon date of the po�ey.
<br /> � ° ' Trustor shall,upon request af Lender,Aave an Independent appraiser satfsfactory to lsnder determine the casb velue repfaoemsrd cost of the s � ;:.{�
<br /> � �` Prope�ty.
<br /> p(pEt�fIDlTUfiES BY LEHDER. If Trustor fa(Is to com0iy w�th any provision of this Oeed of Trusl.including any►obiigeUon to malntain 6dsfing i; ��1�
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<br /> � � � ,. lndebtedness in gooA standing es�equtreA be(ovr,or N any acUon ar pr��8���e��ndet C�ms�e0p P��A^y 8����t���nde�r . ,' ..
<br />:•:'",:. � �s ProDer1Y.�nder on Trustats behaif may,but shatl nW be required to, ,:,;µ�
<br /> •• � e�enQs in so dotng wi7 bear interast at the rate provlded for In the Note from the date Incurred o►Peid by Lender to ihe date of repayme�by
<br /> Trustor. A11 such e�anses.a1 Lende�'s oDllon,wIU (a)ba payable an demand, (b)be added to ihe balance of 4he Note end be apDa�oned among
<br /> ' and be payable with any instalfine�paymenb to become due durtrtg e(ther (q iho term ot erry ap01(cab18��surence Ooiiey or (n th9 remeiNn9 tertn .
<br /> of lde Note.or (c)be treated as a batlaon paymem which will be due and payabie at the Note's maturity. This Deed o}Trusl atso wm secure
<br /> � payment ot these amounts. The dghL ProNded for in this paragraph shall be in addifion W anY other dghb or any remedles to whicb lsndar may be
<br /> enLBed on account o}tne detaull. Any such acHOn by LenQer shall not be construed as cudng tha default so ss to ber Lender tram amr temedy that
<br /> � it otherwise woNd have had. '. , .
<br />' WApAANT1f;DEFEENSE OF TITI.E. Yhe foltowing provisians retatlng to owners�lp of the Propertyr are a part ot thls Oeed of Tnu�
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<br /> .. ; Tltle. Trustor wartants ihat (a)Trustor holds good and martcetable Utfe of record to the Properry In tee simpie.free and clear of ell liens and
<br /> encumbrances other than tha5e set foAh in the Real Property desuiAdon or in the 6dsting Indebtedness seeiion below or In any tille Insurance
<br /> � ° •! policy,tiVe report,or flnal titte opinton Luued in tavor of,8nd aocepte0 by.lsnder in Connecuon with thls Deed of Trust,and (b]Trustor has the .
<br /> • tutl dght,power.8nd aulhority to execute 8nd deliver thi9 Deed o}Tntst to Lender.
<br /> � � Oetense of TIUe. SubJect to the exceptlon In the paragraph above,Trustor warrants and vdll tarever defend the Utle to the Property egainst the
<br /> . tavAul Ga�ms ot a11 persons. in tne event aay acUon or procead�ng ts commenced that questlons Tnutor's Ulls or thin suc proceeding,bu1 .
<br /> • � Lender undar Ihi�Oeed o1 Trust,7rustor shell defend the action at Trustor's expense• Trustor may be the nominal paAy
<br /> lsnder s�all be enllBed to participafe in ti�e prooeeding and to be represented in ihe prooseding by counsel of Lenders Own chotce,and ,
<br /> ' Trustor will detiver,or causs to ne delivereC,to Lender sucb instrumenb as lendet may requ�l irom Ume to Ume to permit sucb parlldpaUOn.
<br />, o d naecssc e d�regu at o s ot gove nmentai aN o h 0 Properly and Trustor's use ol the PraDeRY�omD���wtlh etl e�d5Un0 appilcable laws.
<br /> , EXISTIRQ INDEBTEONBSS. The foltowtng proWSions concerning exlsUng in de b te dness(t h e'f x l s t i n g I n d e b t e d n e s s'�a r e e p a r t o f t h i s O e e a o f •
<br /> 7ru51.
<br /> ; E�dsting I.ien. The Ilen of 1NS Oeed of Trust secudng the tndebtedn�s may be secondary end Intedor to an e�dsUng Uen. Trustor e�ressry .
<br /> covenants and agrees to pay,or see to the payment o1,the ExisHng Indebtedness and to prevent any detault on such Ind9bteQness,any defaNt
<br /> under the�nstruments evlQencfng such indebtednss5,a eny detault under any secuAly doCUments for suCh indebtednes9.
<br /> "" �' Oetauit. 11 the payment of any installment o1 pdncipel or eny Interest on the Existlng InEebtedness is not made wlthln the Ume required by the .
<br /> ' ' note evldencing such indebfedness,or shoutd a default occur under the tnstrument securing such Indebtedness and not be cured duAng arry
<br /> a�nd�p yabtge.�andlhis Deed 0}TruS1 ShSll be inDdet8ul4�ndet,the IndebteQness secured by thls Deed of Trust shell beeome immedtately due . .
<br /> � NO Madifleatlon. Trustar shall not enter into any agreement w,;t�the holder of any mortgage,6°ed of trusl,or other seCUdty agreement whiCh
<br /> ���,' � . nas priodty over ihis Oeed ot Trust by which that agreemenl�s modifled,amended,exlended,or renewed witnout the prior written consent ot �
<br /> . !e n Q e r. T r u s t o r S h a l l n e i i h e r r e q u e s t n O r a c C e pt an y tuture advences under any SuCh seCUrlty agresment vrithout the pri0r written COn58nt 0}
<br /> '� _- Lender.
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