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<br /> 0�-28-1998 DEEO OF TRUST
<br /> ' �oe� No ssa�sa _ �co�ci�uea� 98— ��)'�990 _ _ _— i =
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<br /> ' services rendered a metertal furnished to the Property. Trustorshall malntaln the Property Iree of all Ilens haviny pnority over or equal to Ihe .`�
<br /> ! Interest o1 Londer under lhla Deed ol Trusl,except for Ihe nen of taxes end assessmonts nol due,excepl lor Ihe exlstinq Indebtedness referred � ,
<br /> to below,and exaept u otherwlse provided In tNS Deed olTrust. �r
<br /> � Rlpht To ConteYt. Trustor may withhold p�yment ol a�y Uuc,ossessment,or cla�m In connectlon wlth a pood falth dlspute ovor the obllpedon =
<br /> � to pay,so lonp as Lender'a Interest In the Prop�Ay Is nol Jeop�rdlzed. If n Ilen arlsos w Is filed as e result ol nonpayment, Trustor shell wlintn _
<br /> � Nttern(tb)daya al1�r 1hs INn arlsas or,If�Ilen b fibd,vvithln AM�en(t6)daya aRSr Trustor ius notke d the AAn9,seaun the dlsolwp�of the ++
<br /> Ilon,or lf roquested by Londer,deposft wilh Lender cash or�suMclent corporate surely bond or othe�sscurity satisf6ctory to Lender In an
<br /> 1 amount sufAcl�nt to dkcharps tFw INn plus any casb tnd tttorMys'faos or other chtrpos thd could accrue os 4 rosull ol a forx�osuro or saia i _
<br /> � under the Iien. In any contest,Truata atull dNend�SeM�nd Lender and ehatl aatisfy any advars�Judqment befae enlorcament aynlnst the
<br /> I Property. Trustot shatl name Lender as an nddNbnal obllqee under any surety bond furnlshed In the contest proceedinps. I -
<br /> � Evidtnc�of P�rylment. Trustor shall upon demand lurnlsh to lender satisfactory eNdence of paymen�of the taxes or assessments and shall •
<br /> I aulhorize the approprlate qovernmental ofdcial b deuver to Lender at any time a written staiement of the taxes and assessments apalnst the I
<br /> � prppgAy. �"_
<br /> NoUce of Constructlon. Trustor shail notNy Lender at least flfleen(16)days before any work Is aommenCed,any servkes are tumished,or any �
<br /> malerials are supplied to the Property, if any mechanic's lien,materialmen's lien,or other Ilen could be aeserted on nccount of the work,
<br /> servicss,or materlals.Trustor wlli upon requesl of Lender furnlsh to Lender advance assurances satisfaclory to Lender that Trustor c8n and wiil ,
<br /> pay the cost of such improvemonts. �
<br /> PROPERTY OAMAtiE INSUFiANCE. The(ollowing provisbns relating to Insudng the Property are a pad of thK Deed of Trust. =_=�"'�"�`
<br /> MNM�n�nce ot Insunnce. Trustor shall procure end meintein poliCies of flre Insurance wlth standard extanded coverapa endorsements on a �:'�.—
<br /> replacement basis for the full insurable value cove►inp au Improvements on the Real Property In an flmount sufflelent to avoid appitcaflon of any ��_
<br /> Itnbflltyr nscu ancesn�sur.h coverage em unts as Lende��eY request witht rustee andtLender�being named as addillonal Insureprds In such I ab�flity • •- _
<br /> insurenco poNCIeS. Additlona�ly,Trustor shall maint�n such other Insurence,Inciutling but not Ifmited lo hezard,buslness Inlartuption,and
<br /> bdler insurance,as Lender may reason8bly requlre. Pollcies shail be wrilten In form,emounis,coverages and basis reasonably acceptable to
<br /> Lender and tssued by a company a corrpanios reawnably acceptable to Lender. Trustor,upon request of Lender,wiA deilver to Lendet hom _
<br /> time to time the po;icies or certiflcates of Insurence In torm se�sfaclory to Lender,Inciuding stlpul8tions Ihat coverages wlll not be canceiled or ';,
<br /> diminished wfthout at least ten(10)days'prlor written no�ce to Lentler. Each Insurance policy also shaa Include an endorsement providlnp ihat
<br /> coverage in favor of Lender wui not be Impalred in eny way by any acl,omisslon or defauit of Trustor or any other person. Should the Real �;�,�;_
<br /> Property at any time bacome Iocated In an area desipneled by the Director of the Federal Emergency Management Apency as a spectal flood
<br /> polby Hmlts set undee9he Natioal�Flood�lnsuroncl s Peuyrem,loras othenvisef requtred'by L nder�and8o mainta►n s ch nsurance�forehe term of
<br /> � tlw loan. :
<br /> Applicatlon of Proc�eda.Trustor 8hail promptly notlly Lender of 8ny loss or d4mape to the Propeity. Lender may make proof of loss if Trustor :�._�r_��—
<br /> fAlls fo do so withln flllean(16)days of tlw casutity.Whelher cr not l.ender's secudty is impalrod,Lendor may,at Its eieclion,recNve and rataln ,,-�,
<br /> ths prxeeda of any Insuance and apply the proceeds to the reductlon of the Indabtedness,payme�t of any Ilen aHeCtlnp tha Ptoperty,a ths �----- --
<br /> restorntlon and repelr of the Property. II Lender atects ta�pply the procaeds to restoratlon and repnir,Trusta shaN ropalr or roplaco tha _
<br /> dtm�ped a d�stroyed Improvements in a rrunner aa{istsaiory io Ler�dw. Lir�QBr stsatl, ;.�aa:atl�lr.c!osy Rro^!ot��Mh ax�ndNur�.paY or °-— —
<br /> relmbu►se Trustor hom tho proceeds ta Ihe reasorwble cost of repalr or restoratlon N Truslor Is not in default under ihis DNd of Trust. Any
<br /> procoeda whbh have not been disbu►sed withln 180 daya aAer their recelpt and whbh Lender has not commltted to th�repur or r�stontlon of —
<br /> tha Properly ehaM bo used first to pay any amount owlnp lo Lender under thls Deed of Trust,lhen to pay aecrued Intorest,and iha r�mafndat,H
<br /> any,shall be nppNed to the princlpai balance d lhe Indebtedness. If Lender holds any prxeeds afle�payment In fuil of 1he Ind�btodn�ss,sueh
<br /> prxeeds shflll be pald to Trustor es Trus�or's Interesls mey appesr.
<br /> Deed ot�Tdrust et a�nycterustee's sa e�or otherlsale held under thefp orvis ons of thlsfiDoed of Tuest o��at any ioreclosuretaab of su�ch Prp�p�ty.y thls
<br /> Comptiance with Exlstiny Indebtednep. Oudnq the period In whlch any Exlstiny indebtedness dascdbed below la In effact,compNanc�wlth
<br /> the Insurance provlsbns contained In the insvument eNde�cing such Facisting Indebtedness shall constitute compllance with tha insutancs �r+,�
<br /> prov+slons under this Deed of Trust,to the exlent compuance with the terms of thls Oeed of Trust would constitute a dupltcation of Insurance _
<br /> requtrement. If any proceeds from the Insurance become payable on loss,the proWstons In this Deed of Trust for divksion of proCeeds shnN
<br /> &ppiy only to that porlion of ihe proceeds not payable to Ihe hdder of the Existiny Indnbtedness. __ _
<br /> Tru4tor's Report on Insurance. Upon request of Lender, however not more than once a year,Trustor shall furnlsh to Lender a repat on eaoh �q--
<br /> exlstinq poltcy of InsuranCe showing: (a)ihe name of the insurer; (b)the risks InSUred; (c)ihe amount oi the pdby; (d)the property tnsured, d==--
<br /> the then Curcent replacement vaiue of such properly,end the manner of determininp thel value; and (e)the explratlon date of the poilcy, �;��
<br /> Trustor shall,upon request of Lender,have an Independent appralser satlsfactory to Lender determine the cash value repiacement cost ot the �q���.;__
<br /> Property. = 6
<br /> EXPENDITURES BY LENDER. It Truslor feNS to comply with any provlslon ot this Deed of Trust,Inciuding eny obligadon to malnbin Exlstiny '!}'�":==
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<br /> Indebtedness In pood standlnp as requlred below,or If any actfon or proceeding Is commenCed that would matedauy aftect Lender's Interesls In the .,��t_
<br />- Property,Lende�on Truslor's behalf may, but shaM not be requirod to,take eny acdon that Lender d0ems appropdate. Any amount that Lender _ �____ _
<br /> � e�ends in so dolna wlll bear Interest at the rate provided for in ihe Note hom the date incurted or paid by Lender to the dale of repayment by _-�--
<br /> Trustor. All such expenses,at Lender's optlon,wl� (a)be peyable on demand, (b)be added to lhe balance of the Note and be apportioned amonq w r�,u:�
<br /> and be payable with any InsteMment peyments to become due durkig either p)the term of any eppllcabie Insurance pol�y w (Iq the remalnlnp term •'.�:�.
<br /> of the Note,or (C) bo treated as a balloon payment which wiN be due 8nd payabie at iha Note's matuNy. Thfs Deed of Trusl also wlil secure ' n q�•a�a
<br />- payment of these amounts. The rights provlded fa In this pe�agreph shail be In addiHon to any olher dghts a any remedles to which Lender may be . c C,.,��'7
<br />- entitled on account of the defeult. Any such action by Lender shall not be construed as curing the detautt so as 10 bar Lender hom any remedy that � ,,�
<br />' It otherwise would heve had.
<br />- WARRANTY;OEFENSE OF TITLE. The followinq provislons relaung to ownership of the Properry are a part ot this Deed of Trust. ,
<br /> Titie. Trustor warrants that: (a)Trusta holds good and merketable title of reCOrd to the Property fn lee slmple,free and clear of all Ilens and
<br /> encumbrances olher than those set forth in the Real Proporty descrlpllon cx In the Exlsflng Indebtedness sectlon below or in any ttHe tnsura�ce
<br /> Iu�ll�irtghltipo e�a d aut ority to ei ec te and deliver this Oeed of TruSito�Lendefr In connecdon with tNS Oeed of Trust,and (b)Trustor has the
<br /> Detence of Tltie. SubJect to the exception In the paregraph ebove.Trustor warrants and wllt forever detend the dtie to the Properly aqalnst the
<br /> iewtul claims of ail persons. in the event eny acYOn ar proceeding is commenced that questions Trusla's title or the Interest of Trustee or
<br /> Lender under tFus Deed of Trust,Trusta shall defend fhe aclbn at Trustor's expenso. Truslor may be Ihe nominal parly In suCh proceeding,but
<br /> Lender shaM be enlilled lo perticipate m the proCeeding and to be represented in the prpceeding by Counsel of lenders own cholCe,and
<br />- Trusto�w�ll dehver,a cause to be deGvered,lo lender such�nstrumenls as Lender may request irom lime to time to permit SuCh pflrf�lpaflon.
<br /> 1 Compilence Wlth Lewa. Trus�or werrants Ihat Ihe Prope�ty and 7rustor's use of the Property camplies wdh all existfng applicable lews, f
<br /> ordlnanC85,and regulat�ons of governmentai authontles. I
<br /> � EXISTING �NDEBTEDNES$. The foMOwing proHSions co�cern�ng ewsling indebtetlnes>(Ihe"Existing Indebledness")are a part of this Deed of i
<br /> _ � Trust. ;
<br /> � Exlatinp Llen. The Ilen of this Deed ol Trusi secur�ng the Indebledness may be secondary and in(edor to an exlsting Iien. Trustor expressly
<br /> covonanis and agreHS:o pay,or ses to Ihe Deyment of,ihe Exlsting Indebtodness and to prevenl any default on such Indebtedness,any detault '
<br /> ' under the instrumenis ehtlenC�ng such indeblodness,a any default under any securiry documen�s fa such indebtedness. ,
<br /> DefpuH. If the payment of any installment oi prtncipal or any Interest on the ExisUng Indebledness Is not made wilhln Ihe time requlred by the
<br /> note evidencing suCh indebtedness,a shoub a defaUt occur under the instrumenf secu�ng such Indebtedness and nol be cured during any
<br /> epplfcable grace perlod thereln,lhen,al the option of Lender, the Indebtednc3ss secureti by thls Deed ol Trust shall beCOme Immedlfltely due
<br />— and payable,and this Deed of Trust shau be In delault.
<br />— No ModlflCetlon. Trustor shall not enler Inlo Rny agreemenl wilh the holder of any mortgage,deed of trust,or other secunty agreement which
<br />� has priodry over thls Doed ol Trust by whfch thal agreemeM Is modifled,amended,extended,or renewed wilhout Ihe pdor wrlHen consent ot
<br />�; Lender. Truslor shali neiiher request rar aCCept eny luture advences under any such securfty agreement without Ihe prlor written consenl of
<br />'�' Lender.
<br /> � CONDEMNATION. The toliowing provisions releNng to condernnallon proceed�ngs are e part of lhis Deed ot Trust.
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