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<br /> o�—ts—�998 DEEO OF'fRUST Page 3 :
<br /> � '`� Losn�io 62978a (Contlnued) 98°�(� ' �k,``� .
<br /> , � i�erest ot tender und�thls Deed ot Trust,e�mept for the tien of t�es and assessme�not due and e�coept as athemise provided in Hd5 Oeed , �:. ' - - .
<br /> . M TrusL ..
<br /> � Rlght TO Cont�s/. Trustor may wilhfinld PBY�nent of any tex.a558ssment.or datm in eonnec�on vrith a 9ood faith dfsAufe over the ob[tpaEan .
<br /> .. to paY.sa tong as Lenders inter�t tn the PropahY is not jeopardized if a Gen ar(ses ar is filed as a result of nonpayment.Titcstor shall witltin .
<br /> fifteen(tb7 days after the Qsn a�as o.it a 69n is filed.witNn frfteen(1�days after Trustor has notloe of tha 5fing,sec�re the dLuharBe oi Hte .
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<br /> ' Lren.or if requ�sted bY LenQ�,deposit wfth Lender t�sh or a sut�tent coryorate SuretY bond or other securilY sa8stad�y►to I.endet in an . ,
<br /> � amaunt su�Cte�d to�sehai9e the Qen plus erry cosls and stta m e y�tess or other chargas that coutd eaxue es a res�dt of a foredosure or saie . • 4� _ ° ` .
<br /> � under the�en M anN eot�est.Tnstor shaU detend tlsetP end Lender and sliait satisN�Y�I�dSmer�t hefore eniocosme�agatnst tlte . ... ` '.;,>
<br /> � Properry.Tnutor shell name Lender es en addrttona!ob�gee under eny swety bond tiun�hed in the corttest pmceedmgs. _ ,
<br /> -•� Evt�enee oq Feymen4. 7nstor shaB upon demand t�an(sh to Lender sat�sfactory evidence of paymerd of the i�ms or a�merAs and sRaO .
<br /> � -�-`f.3 authorfxe the eDP�D�9�menffiI of6dal to delivet to Lender at anyr time a wrRlen staLament of trie t�es and essessmerds agalnst the - -- _
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<br /> � Ptotke oi Can�cuWon. Trustor shatl notity Lender at least fiRaen(15)days before erry work is commenced�ry seMoes are f�unBhed.or erry . , :.
<br /> mat�tals ere suppQed to the Property.i!arry mectiantds fien.maferia;man's den.or oihar Gen coutd be asserted on aaount a!the w�k. , ` �: .
<br /> servfces,or maffideLs Ttu�or wUl tgton raquest of Lender Turrdsh to Lender edvance assivanoes sattsfadory to Lender ths!T�ustar can and wID _ , .
<br /> PaY the e�t ot svch improvemerAS. _.: ._._ -
<br /> • PROPHiTY DAMAGE tNSUAAKCE. Tha tottowing provisions retaUng to Insudng the ProAerty ere a pM af UUs Deed of Trtut . � '' .
<br /> � � Malntenance o!lnsuranee. Trustor shan pracure end matntain pWicias of fire insuranoe wilh sfanQard extended covera88 endarsemer�on e ``-"""{
<br /> . , reptaoement 6asLs tor tha full rtuurabse vatue covering aU Impravemerds on tl�a R�eal Property tn an emount sutitdertt to avold appiteatton o1 erty • ;`, �
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<br /> coinsurance dause.and with a stendard mortgagee dause(n lavor ot Lender. Trustor shaR atso procure ond melr�ln campreher�re general :� ; .
<br /> . C+abildy tnsurance in such caverage amaunts as LenQer may reQu�t with Wstee and Lender betng oamed as aQdittonat fnsureds In sucA Dab�ry , �'.;;t=;
<br /> insurane9 poit�es. AQdNOnaUy.Trustor sAa11 maintatn such otfier irtsurance.ir�ctudi�but rtat tlmited to hszerd.bustness IntertupUOn,ena � _..�_--
<br /> . Ooiter insurerros,as Lender may reasonably requhe. Potldes st�aU be wdtten in torm.amaunts,coverages and 6asts reasonabry acceyffiDt0 to � •Y � _
<br /> � � Lender and issued by a company or eompaNes reasonabty acceptahte W LenQer. Trustor,upon�equest ot Lender.w0 deliver W Lender from �,. —�
<br /> Ume tc tlme the palicies or ce�tificates a}ir�surance in torm satistactory to Lender,induding stlputatlons thaf covereges wi0 not be��0 ar . ;. ,—_,,.
<br /> - dirNNshed w(thoul at least ten(10)days priat writ[en notke to Lender. Each insuranoB poGCy aiso s�ail inefude an endoisemerd provtding thSt � ��'��-�_
<br /> coverage in lavor of Lender uvID nat bs impahad in any way by any a d.o m i s s ion or d e f a u i t o i T n i s t o r e r a n y o t t�e r p e i s o a S A O�Il d t ri s R s a f . �, �4 �� "
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<br /> ' p�aperty et any Ume hecome located in an area desfgnated by 1he Otrector of th9 Federel Emergency ManagBmeM Agartcy es a 6peeiel ftood • _ ;
<br /> • � • harard a�ea,Tnstor ag�to obtafn a�0 maintain FoQeral Flood tns�uanca tar the tu0 unpeid prindpal tratance of the Ioan,up toU�o ma�dmum
<br /> - • puolis,y Qmifs set under the NaUanal Flood i�ura�e Ptogram,or es atherwis�re4uired by Lender,and to maintsin such insurartce tor tAe term ot �`_ _`--..i;�F
<br /> IIIB IOSII. �;� ' '���7�����
<br />. pOpp�pn p}p�gg,Trustor shall prompUy notify Lender of arry loss or damage to the PropeAy. Lender may make proof ot I�s ff Tnistas `•�:•=
<br /> • ta�7s to Qo so wittdn 8ftean(tb7 days of the casualiy. WheV�er or not Lenders securiry ts impaUed,Lender may.8t its etecttan, �~�
<br /> reoehra end rotafn ,�;�;t.,:
<br /> ,�, ' the prooaeds ot erry insurance and aypty the proceeds to t he re du c tlon o t t he tn d e b t e d n e s s,p a y m e m o f a r ry�e n a fl a d i n g t h e P r o p e r ry,o r t h e �.`.`�.�,�'';,-��',:•
<br /> restarauon and repafr of the Rropc�rrty. It Lendat elecls to apD[y the P�e����on and repair.Trustw shetl repelr a replaoe the ;� E
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<br /> damage�f ar dastroyed Improvements in e manner saUsfactory to Lender. Lender shaD,upon satfsfectory proof W sucb e�en�ture.Pay or . _
<br /> - � • � wimburse Trustor irom the prooeeds for fAe re�sanable cost of repair or raatoratlon it Tnstor is not in deiaull under ihis Dead of Tnul. My � l -:`��-
<br /> proceeds whtch have nnt heen disbursed wtthin t80 days after thetr recaipt and whlcb Lender has not committed to ihe repair or resMretion of . ;��--�'�;;
<br /> � � the Praperty she0 be used first to pay arry amount owing to Lender uader thts Deed of T�ust,then to pay aa�ued(nterest,and tlre remainder.H • "i�"+;,� .
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<br /> arry,SR�aU be eppDed to the pAncfpal batanCe of the Indebtedn�s. It LenAar holds arry praieeds after payment in tu0 01 the IndebteQn�s,stcCh t .
<br /> .. , pra�eds shaU ba paid to Trustar as Ttustors inieresfs may apA9at. ' ..'`"�'�:
<br /> • �, :•� Une�cptted Insuremea at Se1e. M!I une�ired insurance shail inure to the benefit of,and pass M,the purahaser of ths Pmperty eovare0 by th� ��. � ' .;•':�,_.;
<br /> ' Deed of 7nu!et any trustees sale ot olher sala held under the provisions ot thts Deed of Tnist,o�at eny foredasure saie of such Property. °" ' ;::..-.
<br /> ' 4 TmstoPa Repori on tnsurance. Upon request ot Lender,howsver not more than once a year.Tnistor shali fum(sh to Lender e repoR on each ` "� '=;}�..�`_;
<br /> exlsUng policy ot insurance showing: (a)the name of the insurer; (b)the dsks�nsured; (c)the amount of the policy; (d)tha propeity truured, ; ��':�;;�• :
<br /> ' - - ltre then current repiaoement va(ue of such property,ar�A the manner ot QetertnlNng that vatue;and (e)fhe mcpiratton date of the poth,y. , . ��:.?:�.
<br /> � Trustor shall,upon request ot LenAer,nave an independer�apDralser satfssfaCtory to Lender determine the cash velue replacement cos!ot ihe , �;-�:
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<br /> • �> PfOQellyl' ---- -.n.: ::�.;`.�_-
<br /> E]�PElIDITUAES BY I.ENDER. II T�ustor faits to comply with any provision of thb Deed ot Trus1,or(f any aCUon or proceeding i5 commenCed thai , _ ,� �#.�.�,
<br /> � � � woulC materielty aHeCi Lende�s interests in the PtopeRy,Lender on Trustor's behaif may,but shell not be required to,take 8ny sctlon thst Lend9! • • !'`•�•:•�-
<br /> • deems apDropriate. Any amount that Lender e�ends in so doing wUi bear interest at the►8te pravlded for in the Note from tAe date tncuReO or patd .'``y'�
<br /> by Lender to the Qate of repayment by Tnistor. Atl such expenses.at Lenaers opUOn.wID (e�be payabte on deman0. (b)be added to the bataruaa i_s -._
<br /> � ' of the Note and be apportioned among and be payabte witA arry installment peyments to become due during either ()the te�m of 8ny apyticebte. ,.••��_��;:
<br />- � insurance po�cy or (ii)the remaiNng term oT the lYote,or (c)be treatea as a batfoan payment whtch wUl be due and payable at tRe Nots s maturity. • ;��
<br /> � � Th�Oeed ofTrust atso wiU secure paymen!of these amounts.Tha dghts provtded for In this para�aph sAaU be in addttlon to erry otAer rtghb or 8ny ' ,;_a;,:.
<br /> reme��to whlch tender may be enUUed on account of the deffiult. My such action by Lendet shall not be construed as eurtrtg the defaNt so as to .•.
<br /> � � bar Lendsr trom any remedy that ft otheiwise woutd have had. .
<br /> �? ' ' �'�F� WARiiL1NTY:OFFQ�ISE OF TI7LE.The foltowing provtslons relaUng to owner5hfp of the Property are a part of thLS Oeed otTnut . � � .:
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<br /> � ; TiUe. Trustor warranb that (a)TruStor hotds good and martcetable tiUe of reeord to the PropeRy In fe9 simpie,tree and ctear ot 811 Ilens and • .
<br /> encumErances other than thase set foAh In the Reat PropBrty descdpUon or in 8ny title insurance pottcy.tlUe repoA,or tina!Utte apinlon issued tn , •�
<br /> ' i favor of,and accepted by,Lender in connectlon wlth this OeeO of Trus�and (b)T►ustor has the iNl right.povrer.and authori3y t0 execut9 end f
<br /> ' . - 088ver thls Ceed ot Trust to Lender. ' --
<br /> . �� Oatense o!TIQe. SubJect to the eoccepUon in the paragraph ehove,Trustor warranb and w10 forever defenA the Utie to tAe PropeAy agalns/the .. ' .
<br /> ; iawful daims of aii peisons. In tha event any ection or proceeding Is commenced that quesilons Trwtars dUe ar the irderest of Trustee or . . �
<br /> ° � � .� Lender under thts Oeed of Trust,Trustor shali Qetend tAe actlon at Trustofs m�ense. Trustor may be the nominal party in sach proceeding,but .
<br /> '' i Lertder shall be entiUed to partldpate In the proceeding end b be represented In the D�a�ed�ng by counsel of Lertders ewn choice,ared '
<br /> �' � � Tnistor will deihrsr,or cause to be del[vered.to Lender such instrumenb as Lender may request from Ume to Ume to permit such participatlon. • ; ,
<br /> ' , � d naeces.and�egutaUo ot�govemmental authodHes,opeAy and Trustor's use of the Property compties w�ih alt e�dsting eypticeble taws,
<br /> � CONDEMMATION.Th0 tol►owing provlslons reiating to condemnation proceedings are a paA o}this Deed ot Trust �
<br /> �iApplleation of Net Proeeeda N all or any p8A o1 the Property Is condemned by eminent domaln proceedings or by 8ny proceeding or
<br /> , purchese in lieu ot condemnation,Lender may a!!ts elecUon require thal all or eny poRion of tho net proceeds o}the eward beappaed t0 the
<br /> I Indebtednass or the repalr or restoraUon ot the Propery. The net proceeds of the award shatl mean the ewerd efter payment of elt reasOnabte •
<br /> � ! i cosb,expenses,end attorneys'fees incurted by Trustes ar Lender in connection wtth ihe condemnation. ' .
<br /> � �� P�oeeedtng9. If any proCeeding�n c^ndernnation is fiteA,Trustor shalt prompUy notity Lender in wriBng,an0 Trwtor sh811 prompUy 18ke suCfi
<br /> , steps as may be necessary to detend the action and obtain the award. Trustor may be the nominal party In suCh proCeeding,bN Lender shall
<br /> � I be enUUed to partic�pate in the proceeding and to be rapresented in the praoeeding by counssl o}its own cholee,and Trustor wfll Qeliver or
<br /> Ceuse to be deftvered to Lender SuCh ins�umenfs es may be reque5ted Dy it hom Nm0 to lime t�permit sueh pBNGpedan.
<br /> � �� IMPOSITION OP TAXES,FEE9 AtJU CMARtiES 9Y i30YERNfAEMAL AU�F{OAITIES. Tne following provlsions rela�ng fo governmental taxes. , �
<br /> t fees end Chatg9s 8te e perl of tnis 08ed O1 Ttust:
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<br /> � Curront Tmcea,Fees and Chargea Upon request by Lender,Trustor shall execute such documents in addiuun to Ihls Oeed ot Trust and taice � � . ;
<br /> �_i: whateve►ather acUon is requested by Lender to perfect and conllnue Lender's Ilen on the Real PropeAy. Trustor shail relmburse Londer tar ell
<br /> - taxe9,as described below, togelhar with aii expenses incurred In recording,perfecdng or conNnuing thls Desd of Tnut, Inctuding wHhout f
<br /> nmitaUOn alt texes,}ees.documentery stamps.and other charges fa retording or registedng this Deed o}Trust. f . .
<br /> Tmcee. The toilowing sh811 Constitute taxss to which this secUOn appties: (a)e speciflc tax upon thts typ�of Oeed of Ttust or upon ell or eny ` �
<br /> paA ot t�e Indebtedn�s secured by lhis Oeed of Trust; (b)a speciflc tex on Trustor whlch Trustor is euthodzed or requlred to deducf from � �
<br /> • payments on the Indebtedness secured by this type of Oeed o►Trust; (c)a tax on thls type of Oeed of Trust chargeabte against lhe Lender or
<br />–= fhe hc!^sr of the Nale;and (d)a speciflc tax on all or any portion ot the IndebteAness or on payments o1 pdnclpal end interesf made by .
<br />- � Trustor. '
<br /> � SubsequeM Taxes. if any tax�o wn�cn�n�s secnon appi�es�s enacted subsequen�io ine date u�t„�a;ed ot Trusf,{t�sevent shau hava tha � - -- - �------
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