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<br /> � ot-2a-tsea DEEO O�Yi3ld�T Page 3 , . ` .` �
<br /> ���a 3� tc���,z� 9�� l0�►'70� . -�.�, . _
<br /> _� nt af tha to�cas or a�and st�7 �__� F � �_
<br />� Evldtnco 69 P4�rnenL Tn�sta sha7 upon demantl ium6h to�e+'���;��e!!c+?9}?a+�rr►a . _--_- — ._
<br /> tt+ra a written statsmerA o!the taxss artd e,ssessmar+��aim4 a"rr °. �;:
<br /> auihari�ths�D0�0�8�m�ntsi ofticlal to deCcvef to l.enQer nt r,ny __
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<br /> :� ��p�� � , �. ...: w
<br /> !ti�a.�BfIY � "
<br /> � [�Un of Conslruclion. Tnutor shaU notify Lendar at t�ast efieon(1�days befera anY work b commencad.an1►servk�s ,.�. -
<br /> '. rtutertaLs a%suP��NS oe wfl/�ttpon requ�est of�d�e.�8lum�h o Lender�8dve►ue�YSSUranc�s��stactory taas`s,ret�d ct �� ��and Wfa , ;`� ,.T_
<br /> ' S8tY�85.Q� 'v • �
<br /> � pay t►ie casl ot Such�mprovements. , . . � -" W.
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<br /> . PRDPERTI►DAlWA(iE IfiSU51AtSC�- Ttie fo'.t�vtrtg provr5iotis re!st1n0 to irtswing the RroAe�Y�a p�'t of ttFLs DYOd otTruSL ' '. . �•
<br /> � lRWrtenanee of 1r�sur�[ce- Tnutor shatf Procure and m�intaln p�oi iin Insuranee witl�stondsrd�ndod eovera8�andcrssmenb on a � • . . , '
<br /> rt�p4.cement ba4s tor the tun insu2bts ralue wverirg aU Improvemec�on the Rsal ProR�Y In an amount suffieteM to evoid aAD�an of eny
<br /> Q I . ,
<br /> co surance dsuse.and vAth a 5ffinderd rtioKya9ee clause in favor ot lende�.to9ether with sueh a1?ier Aardrd and QatrSlY it�surance as lertder ` _ _ :, - - -
<br /> . may reasonebN�e44�. P�shati be wriiter+�n farm.asnaunts.CovDt�qes end Easb reasonab�Y aoeeP��to Lender and lSSUed by a � _ • _ ,.. --
<br /> company a campanies ceasor�ry aoCSDtahte W Lunder. Tnator.W on request of Lsnder.w'8 deQv�to Lender hem tlm�to tf�a tta��p'o� ..
<br /> me
<br /> r as rrJ not bs cence0ed�dlmU�ried �.�-�
<br /> or certiflcates of tnswance In fortn satisiactory to Lender,indudnq st��ha�indu�an�endasamerd provS�np thst covsraya In ftvor of � • • - -- T
<br /> Iaost ten(1�)daYs�Dria written notke to Lencier. Eaeh ir��xance PWi�.Y a Shotdd fhe Real PtoDotlY at anY� � �' `��'' . - �Tk- —
<br /> Londsr wiil nat be impa'sred fn anyr way by anY ac1.omisston or dafatdt ot Trustor or ury mott�� as a SD�Rood he�sd ercw.Tn�ot �'".�.'-�- .;.'�`.
<br /> natad by tAe OIi6dW of the FederLl Eme�et�cl►�e+�II� BrNls Set UttdOr . • -'r-`•� . .`
<br /> DeCOme I�cated i�en 8rea desip a1 balanw 01 tl19 l03n.aD to the m�dum po8cll , � �' v,,-,,
<br /> aGrees to obla:n and mainteln Fsderaf Raod Insurancs for the f�unPal�P� ,�" �':�-'
<br /> the Na4anal Fload Insuranoe P�ogram• re . �+�'•Y��,c+�:°.
<br /> or as otherwtse 4�by Londer.end to malrtffiin such instuance f�r the term of ths loan. `-•`
<br /> lend�r mnY mikq D�af loss fi Tnlsta .,� _;_:;��'�3:k:'
<br /> . /ippiiatton of�roeMQs.Trusta st�a�l PromDUY no�tf►�ender af anY ioss ar dun4po to t1w Frop�rty -
<br /> Wtiatt�er a nct I.er.der's seeurft!►�s�mP�LenOer maY.d�s etseHon.rooe�lra nnd cettin f��i+�...� .-.
<br /> fa�to do so wlthin fiftsen(t�days af tl�casualtY• �ni o?artY f�n e1�6n0���y'ar tAY . .....�-.:�,r;-:
<br /> ttw proceeds of arry Insurance and apPry�e 0�to the reduetion ct ttw IrtdflbtoQn�s.PaYm- .
<br /> H Lertder eiecls to aPPh�P�5 ts�ara8an and nPair�Trustor StW tepafr or nPt�fhs -�,-.
<br /> cestoratlan artd rep�r o!tne ProP�rtY• on s��Y D�M such ao�nd�a�DoY a _ :`�'"��°_�
<br /> �p�d pr d�hpyed Impro�emerds in a m.anner satista�ory to Lend6r. Ler�QBt SheD.oD �_`"-�_.
<br /> _ 'a ,::�-:.=--
<br /> reimburse Trustc,�trom the proceads far trto r3ssonabte cost of repatr a restaa�on H Tnstor fs not in deta�it under Ws Dead af�W _- - -
<br /> prooaeds whlcA haw not beet�d'sbuise��+�ti-�180 days after Uie(r receiP!and w18eh Lendsr t�as nat cortury�ad to the repalr �.-. ....
<br /> trie ProD�Y sAaD De used fas!to PaY�9 amourd awinp W Lender under t#Js Deed af Tnni,then to PaY��h��debtoGness.such � '�,' ` ..
<br /> a n Y.s t f a 8 6 e a D a�to the Drf�P�ba�of the indabtedne�. If Land�holds anY P�at0er p4Ym� - . .i,;_t�c
<br /> , . proeeeds shaA be Dald to Tnator as Tnat a'a in 4 e r e s l s m a y e A R�• -
<br /> - �ne�(rtd tns�trante at Sre. 1ury une��fi�d insuanee st�31(nure to 1he bene5i ot.and pass W.the purd�ssr of tha PropertN�d bY thts - -
<br /> ot U�ls Q68d of Tn�t.o►at anY for9��'�stre Ssts o1 sudl P+Op�tY• � �."• ..`;'�
<br /> , '�' Rsed of Tn�t at any trustee s safe w ott�r sr�a held under ths prov�3oas Tru_Kac,n maiMain wfth Lender ceservss ;,
<br /> Subjeq to enY 6mltefions set DY aPP�Te taw.Lender rtwy requke '� . �
<br /> TAtt At,iD IMStFRAldCE ReS£RYES. " - -----
<br /> , fw payment of nnaual taxes.a�smertts.and fns�sance Oremtums.which reserves St�U be created by ad+ranca t�'��r�erd or�to O�i p�atd. �ho ���
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<br /> sum estimated by Lender to be suifident to produce amourds at f�ast e4ua1 to the taxes.a�ssr�er�°nd ir������ � 7 � �
<br /> reserve funds shaU Ca hetd bY Lender as a 9enetat deP�hon Trustor.�rhkh Lender may safisM Y OaY� {. .__ �
<br /> iasurar�ce Dremiums requhed to be pefd by Trustor es they become due. Lender st�a9 have Nw�t{'{M tn dta N:�nO��{�n a t�hsD 03 � ....
<br /> r items.and Lendar shaD rtal be requQed to detesMne tha vaiiddY or accarsall ag��y item befae VaY�D ft rt�y d0 or arttft to r . �"�y
<br />� .;r co�utrued as requtrinp Lender to eQvar�other moNes fa such OurPoses.ac�d 4�r+der sheD not incur 4nf��6idy t�sr anythi►p . .
<br /> ' do wltri�espect to the reserv9 accovnL A9 artsour�in the resetve nxourB aro��c�cebY D�B�ta fuAt�5x�Q1e Indeb�dnes3,art�L.endBP(s < . '':
<br /> �>.. .'' �ere09 aulhorized to withdraw rtr.4 eDPty such amounts on the Indebted�ss�an the Occutrono3 of an EwerR�t Gh�1. Lattdu Stwi[�CP� ��• _Y •._
<br /> repuhed to PaY anY interesl cr ea.^tnqs on the reserve t un d s u t�s s r e Q u U e d b Y kw ot Wre�d�o bY Le�de►��to�o����d� �,�:
<br /> W
<br /> reserw tunQs in tNSt for Tn�star.�l.endet is not Trustors ayant for DaYmeni of tfis tmtes and�.^�.'smenb re4� (s commes�c0d that '• •�'
<br /> '� p�ENDITtJRES BY LQ�DER• P''-astor fui�s to comPh wtth enY Drovlsion W ttds Oesd ot Tna��i�any�cn a►p�oc�aBnp � —
<br /> . :z wotdd rt�ater�flf�affect Lenders ir.'.arests in�-�p^-�Y.Lender on Tn�ta's ea3s�lt may.but sha9 not ba�k"ie�a1 to.Ookr an1►�e6a�t!W Lsrutrr _.�,' ��
<br /> •:,���'�"� daems aPWo'A�. �+Y+�awi!St�J Lendar�as in so dda0�Wu interest a1 the�e Omvlded fa in th�Nob iran tl�Y dat�6iCUtnd ar Q9'A .i i�.. �—
<br />_ by LenQer to fAe date of reAaY�M bY Tncstor. A9 such e�er�sas.at W nders aOUo r�iis fo`8beea�me�du�e�durUg�tha��m tlw te�m o?oni►�pP� �
<br /> of ttw No�and bo aAD�oned r•.�fln0 and be DaY��wltb a�0�'�9ment PaYme t wtixA wW bo dw and paYabN u th�Nata�r�y ` "" �'
<br /> � ' No or c C e�e�d es a DaYoon DsYmen qr ;r��'�s.-
<br /> insurar�ce poL'cY o► (6)ttio roasa.'�n.D term of tAe te. () h shal!l�In ad�flon to eiry other tfp�a M► _ • :r. � --
<br /> TTiis Qeed of Trwt also w�i sec�ue payment ot tt�ese amounh.Ttre.�yhLs pmvlEed fa in this ParaQ�aD _:�. �.�.i,�,,.
<br /> IA
<br /> remedies to whlch Lender may be enUUed on accounl ot the deteuft.Ar►Y sueh mX6sr►by Lender sha9 not be e0�trued���9 tM����to : 3�r`T A
<br /> bar lender trom er.r rdmedY that it olherwise woutd t�ve had. _,.
<br /> . WAFiRAMY:OEFEJ�ISE OF T17LE.The fdiawfnD Orov�ions retaunp ro ownershtP of the VropertY are o psr4 ce thYa Oeed of T�usL "• � _ �.u`+T�.
<br />. TI1M. Trustur warrants Cr.,+�-'t ;9)Tnistw hdds pood and maAcemb��a,�4�Ir�S��or�poYf.7►U4i t�p0�.a!(trl6fi�OD���� .;..'.'- ---,
<br /> � encumbrar�AS other tha:a*c�set tort�In Ihe Raal PropeAY descrtD ``�.y`:.'�°�
<br /> tavar of.an0 acceDted bY.=�-'�er in conne�an witPi thfs Deed of Trust.and (b)TNStai i�L'�tt�ri�hl�Doviror.and wtho[itY to a�cuto and .-� a�!�'�°'�'Q"''_.-
<br />. ���� aptivpr thLa Oaod of Trust m L.�ndir. � �
<br />'i•,.�,`:�%�. � DfimM of Tflb. Subjed to tt�s exoeDtlon In the W�Dh absvs.Tnatat wartanb and v+�torave►dete+rr�t�6tla t0 fhe PrWor�Y��� ..
<br /> D mf� '��R,-;"g=.
<br /> lawful ctairrs af til Oe�sans. In the sv�nf anY���O�ooe�dnp b eomrtwr�d th�6AS9ons Tr.��61N or ttr tnt�tt d T�usW a �� s,er:_�
<br /> i�nder und,v thts Cxd df r.T,�,Tnata stw0 detend the�:n d Tnstcrs�ense. Tru�aT:�aY be Uw�:n]naJ DaM in such proe�df�.btd ' - i�.� �� .
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<br /> � L.onder aha9 be ardHiad¢r:.articty,ta in th9 Procwda0 ffr�7 to b�nPras�r�in th���bY counsd of Lerc�a owA cffoio�.�n0 �,����, _�, _
<br /> � Tnutor w(tl dettver.a��e ti'o bs de&wre4�to t�ndar sue.'���strumerds as Let�dar may m4�Nom Srtw to flme to p��D�Da� —_._-;��: .._
<br /> et ,.
<br /> . C d n p S i s 9 o a�9,7 tl�L r u t r. T n u t or wenants that the PropsAY and Tn�tofs uss of ttw Property comDRes wHh ati a�6rsy aDPW�bs k'�. r,�,:�._"�_�'"'.y��,. � -
<br /> ' a�nar�,ar:C rsputa8or�s of govemmental authorUies. ,.. . �
<br /> . .�: .
<br /> COHDFySNATtOM. The tolitiwing provtslons relatlnp to eonds�mru�Uon pr+xoedlnas ero a Parl of thb Desd W Trus9. «by NII acoo�ad�nD a ,,,���. ' .' '•
<br /> Appik�UOn of Met Proem�+Ca. �f all a any Oert of the PropeAY b eondemned by ominent domain praeesdinQs .,. • �_.
<br /> purcttiase in lieu o1 conCe�°,ca9on.lsnder may at its eWcN���e t�d ths apyvord shaD nwan ths af0ewud atW PaYment d t�Apreason�bte ��;;,
<br /> � , � Indebtedness or the repaa�r rsstorattan at the Propertf�• ... , . ,..
<br /> .`�� ,:: oosts.a�enses,and aYcr.^oys'tees ir.osr,�by Tnutee ar Lender in connsCUon with 4he condemnaUon. �'r .• . ,":.. : _ .
<br /> � . ,a�^�'. prp�. N flny pr000eEing in co^��'+�tlon is fited.Trustar shall promptlY noUty Lender in w�iHnp,8nd Trustor shell PtomDth►tolco BuCh _ *, -•�•.' .
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<br /> s�s a c�ll be r�s�s�31 t�OstertO�re aeUon and obtaln fhe award. Tn�s4or rtiY be the rtarNrsd p�r►Y!n atict�OrocMd��O.but L,�r►dw�NY _ . .. ,
<br /> . . ba errtlead to P�r�iF+�ir;¢�prac�c',�and to b��ae�nt�In tha prowe6np bv c�un�oi d ib own cAok�.a�Teueta w!drYu�Ir ar ;;r:: •
<br /> Cau�s to b�0M'it+'lrsd to L2'Qu suCh Ir�h'7ttrNnLs t1 rtK;�Cm rWtNalid�y fl kom Brtr�U�tD P«�Blieh p�Aldp�O• f;:„ ; .
<br /> . I�AP0�3R[01i OG TA1�S.F'R'..r,�M1D CHAR�uS BY QOV��r TAi.Al�lO�fTiEB. �o Lh7ow(n➢D��ro��°�w�' � . . � .
<br /> ;;;.;,�? tue!end Ct�as�ns ars a PaA of t:ds Deed af Tr� .
<br /> � '�.r: Cvrnnt 4ais�FMS�d Ctwtpes. UAcn cequest by Londer.Tnataf 5���aetds such doeume,r�Ic��C',��tor shal�tra�4�
<br />���� • whatever ather acllon is m�GUestod by Lendet to perteci and cor�tnu0 Lsr.6�'s lien aa Cs iiaU nP�l•tl�b Dea6 of TnM.in�udinp wifl►afl . ' ' _
<br /> � taxes.as describsd tretc,w,topether vrilh ad a�nses ineurred In recudinp.D�-"�'d �Oeed of Tn�st �. • �_°
<br /> � IlmitaUon all taxps.tee9.Cuumentary stamps.and ottrer eParges fa reeordlny or req(sfzrtr� :.
<br />. : .� _ Ta�cee, Tha tottowing shall consUtut�a texes to which this seetlon app� (eon Tr�Or�wh ch�nisto►�h0�90 Of reqWrad to dedlui ROm ` � �•-
<br /> pM ot tha Indebtedness secured by 1NS Deed of Trus� (b)e sped �. '
<br /> � paymenb on the Indebtedness secured by this ryps o1 Oeed of Trust; (o)a tex on ihts type o!Oaed a!Tn�t charpa3bta tig�lnsi Uw Londar a► �
<br /> • the holder at the tVote;and (d)e sDe�flc tex on ell w any OaUon ot the Indebtadness or on paymenls of pAr�$N1 and interest mada by . . °_=
<br /> . Tr�tar. � . ���
<br /> Sups�quent T�cos. If any tax to wh�n tn�s sectlon appl�es Is onactad subsoqusnt to tP�e Qato 01 thts Deed ot Tnnt,ttds evor�sf►n0 h�va t�� .. . . ,�z;.-=
<br /> ' same a!lecl aq an Ever�of 0efsuti(es deflned betow),nnd Lender mey ex�be anY a���8ve(�bie�far nn Evord o!Oefa�Cl a�s . 1��
<br /> proutded beiow uniess Trusta eitt►e� (s)PeYg the fex befaa p beeomes daAnquerd.a (b)cor+tesb tRe fax as pravt6eA above In fhe Texes and `�
<br /> L1ens section and deposits with Lender cash or a sutfident carporate surety bond a other secuAty sn8sfactory to t�nder. '
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