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<br /> � o��t—�997 DEEO OF TRUST C�'7'_.., ���'7'�� �a�s 3 �.•
<br /> L.oan 6Vs g02+Al2 (Conttnuet� • -
<br /> Pey[r�nt. Trustor shall pay when due(and in all evenfs pnor to d2linqueney)en taxes.syesial taxes.assassmat�s.�hBrH�����n0 water �
<br /> and sewer). fic�es and impositians Ievled apamst or on account of the ProperlY�and shatl pay when due ail cial+ns tor worlc dane on a 1Dt
<br /> senrtces rendsred or material fumished to the PrapeAY• Trustor sha11 maintuin th9 Property h'e0 of all ligns havin9 D��Y 4�a�1�to Ihe ,
<br /> interest ot Lender un6ar this Oeed of Tnst,ezcept for tha Gen of taxes and assessments not due and exoa�t as oltrorwlse provlded in ft�Oaed .
<br /> of Trust �
<br /> Rt�At To Contesl. Trustor may withhold payment at any tau,as�s+nent,or ctelm in connectlon witt►a Sood tailh dlspute ovat the abL�yatlon `�
<br /> to pay,so lony�s Lendar's interest in t0e ProperQy is not jeopar�d. If a Aen ar�ss ur is fBed as(t�esutt of rtonpayment,Trustor shaU w�l�dn --
<br /> ftfteen(15)days after the 6en aris�w.it a lian�fi'.as,witNn fiftsan(15)days after Tnistor hes noUce of tt►3 filing.sGCUre the dlsCtt�t�a of Ure
<br /> � I�n,or M requested 6y Lender,depasit wft!►Lendt�r caSA ot a SuKclent ccrparaie surety tro�d or other securtlY sa�stactaY to Lender In 8n
<br /> amount SufEiaent to d'ischarpe ths Gen pfus any c�end attomeys'tess b►ott�er charpes that coutd aeaue as a resuSt of a foredos�u0 or raJe
<br /> under the Oen. In eny contest,Ttusta shaii defend itsaif and Ler►�and shs�sat�iy any adver�'.>e ludyment Oc�Yaa�r�ar�t r.�Jnst lt�s � ,
<br /> PrcpeRy. TntStor shai narre Lender as an add�lonal !iBM under any sisetY 6ond tamished In the contest Pr�adlnQs. i
<br /> Eviden�of Paymartt. Tn�stcr shal!upon demar►d tumish to LertQer satlsfaciarY ovtdence of peyms�t of the taxes o►a�umerds a�d shaU !
<br /> a�cthortre fhe apProP�ga�+�n�o�to deSver to Lendar at any tima a rnitten sffitsmerd of tt►s�s end ssse�ssments agair�st tha
<br /> PropeRy.
<br /> Notlte of Conatntctton. TnisWr shan no6iyr Lender at least fitteen(t5)days betae arry work�s commenced any services are ftunished.or anY .
<br /> ma0eriafs are suppf�ed to the Proparty,if any mechan(Bs I:en,materta:mer►'s i'ien, or othu Uen coutd be asserted an axourti af the vioAc, � -
<br /> services,or matsriats. Trustor w�U u�on request of Lender fumish to Lender advarioe sssuranees se�sfactaY M lender that Tnistar ean and w9 . , . -
<br /> pay the cost of such improvements. �
<br /> PROPERTY DAMAGE IHSURAHCE.The idtoKrinp provisions relating to insurtng the Praperhi are a part of this Deed otTnat � ' .
<br /> IKat..Tdr�raaee o!Insurance. Tnutor stv�D��and maintain pofctes ot flre insurarrce with standard mRenBed coverape endcusem�x�fis on a ; ,
<br /> repSe�rar-ent basls to�the tuD insurable vetue coverhip a9 Improvemants on the Rsal PropePty in an amount sttiticlent to avoid eppifcetion af any {
<br /> coirts��.te dause.end with a stanQaM mortgsQae dause in fava of Lendar. Trustor shall aso procure and melntaTn comprehensive aeneral � . �
<br /> lia6i6iy iasurnnce in suCh covareye amaunis as Lender may request with tr�tee end Lender betnp named Es addGonal insureds in such 0ab�ity t , .
<br /> ` insurance PcW�es. A�Sdonaly.Trusta shaD mairttain such oUwr lnsirrance,indudtrq but noi 6mNed to haserd,bitsin�s iME�rit¢6on,and � , �
<br /> bodec insur�.-�a,Es L�n�r may reasonabh feQ�- PoC+c(es sliaU Do wAtten in(�m.amOUr�SS.wverngss end CeslS reasonabtY acoYPlBbW to . __
<br /> • Lender a����s�D!a compeny or compantes reasonabN aooeDtabte to Lender. Trustor.uPon request W Lendor.wID de�ver to Londer trom � ; • .
<br /> tme tc a��a:a7cies w ceNftcates oi insurance in tortn SaUS�aY to Lender.indu�n8 stlPulatlons Uut caverapes w��oi 6e eanoe0od or r , . ..
<br /> + �rt:ir�e�w�+o.rt at least ten(10)days'pria wdtten notice to Lander. Each ins�uanCe PoUcy also shaU i�lude an endwsement provt�np ttwt .�.__
<br /> cover�n tavor af Lendfu w(U not be impaired in arry way bY aaY ect,omission a default ot Trtutar a ar►Y other PersaR Shau10 the Rea! � �
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<br /> ; i FroAertY at any tlms�come Iocated in en erea desi8nated by the Dfrecta af the Federal EmeryerwY��+Oemerd Apencf►tts 8 special flood V i-
<br /> � ha7ard area.Trustor s,'ree.4 to obtain and maintein Federal Flood Irtsuranoe tor ihe inY unpaid prtnc�pal ba4trw�ot tAi loan.uP to ths ma�dum � ` {,�
<br /> ', poticy Iimits se!under the NaUonal Flood Insurance Program,or as othenNs9 required by Lender.and to malntatn suct.�nstuBnCe for tise term of "�.
<br /> � ihe lOan. t-.--� �tt .
<br /> � i AppltcaUon ut Proceeda Trustor shall Promptty notiry tsnder of any loss or damaae to the Property. Lender maY�"�''�p�of I�ss ff Tnstor "��<. ..•,
<br /> � fails to do so withtn fitteen(15)days cf�4e casuaAy Whether a not Lendei's security Ls impahed,Lender may,at ils aieddon,cecetve and ret�M =�'
<br /> the pr000eds o}any insurance and apa:y the prooeeds ta the reduction of the In6ebtedness.payment of nny lis�►a��5n0 the Propsrt�r.or ihe •
<br /> � d�a��ped� or dde scya�l cmprovert�ienftys in'a manner s�.�tacto�ryrpt�o Len p�dec shaD.WonB�satlsfectaY D�such�nd"cture.oay or . ..
<br /> retmburse Tnistar�^�Ure proceads for tho raasc�.d�l�cost of repatr a restaraUan�Trustor is not fn QetaWt und4c ttis Deed M Tn�sf. Arry �' ^�"�= �
<br /> � proceuds which t�ve nat been dtsbursed within tnA�.ys af6er tl�eV receipt and wt�ich Lender has not commftted to 4tre rapafr or restOraiton ot ' � _
<br /> the Properly shaU be�sed flrst to pay any amount mvr�to Lender under Ws Qeed of Tnut,then to pay acetued inte�rast,and the oa�stnder,ii � � � '� _
<br /> Any.stwU be appiied to the prfncipal batance ot the la�ebtedness. If Lender holds arry Prooeeds atWr DaYment in h�of the Indab�a�.�ss,such :" •..'��
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<br /> proceeds shell be p�:d to Trustor as Trustors irrteres's maY aPDaar• � '4�`;'
<br /> tJnexplred Insuran�e at Sete. My unexptred icu�.�r+a�sAall inur�4o the benefit oL and pass to,the purcAaser ol tt+e PraperlY cov�red by ttJs . - E: :��
<br /> Dead of Trwt at any trustee's sate ar other sale he9�vncfer the Drovisior�s of th�Oeed ot Tnist,or at arry fore�asure saf�of su�h Properly. . E .
<br /> Ttuator's Report on tnsuranCa Upon request of Lendet,howevor not more than onCe a year.Trustor sheU tumish to Lendet a n9port on each , S �� " �� `
<br /> (d)tha G�Y ir�sured .1�"`�:
<br /> n e�dsynp Polley of insivanoa showing: (a)the nams ot the insurer; (�)the rtsks Insured; (c)the amount o}the poUcyr. . . ���-�.
<br /> .+ the trien curtent reptacement valr:e cr srch propeAy,and the manner of QetarMMrp that vaiue:and (e)the w�iraflon d4ta o}the poncyr. a.. , T,�_�
<br /> Trusta shall,upon request of Lender,r�ave an indepandent eppttLser satis(actaY to Lender determine the casb valus replaoertwrtt cost o}the _
<br /> Properly. . #
<br /> ' TAX AND INSIRiAtSCE RESERYES. Subject to any Urtiltatlons set bY apA�le law.Lendet may reQulre Trustor to mairttain with L�nder�Mws � �•�.
<br /> fa payment oi annual taxes.assessmenb.and insurance Dremtums.wtUCb�.�er�es shaD be crpatad by advana OaYment a mon1AJY WY���• i � � • . . �
<br /> sum ostlmated by Lender to be s�iidant to praduoe amounis at Ieast equol to the taxe9,assessmeni9,and insuranca praNums to b�patd. T►w I „
<br /> ., reserve fur�she11 be twtd by Lender as a Oenetai dePOSit from Tn�sta.which Lender may sAUsty bY PaY�nf ot the t�xes.assossrtwnts,anA � • �` � �,
<br />' insurar�oo premiums requked to be peld bY Trustor as tlwY become due. Lender sfwll have tho riyht to draw upon ths rsservo tun�to p�Y auch • :,--.---•.
<br /> items,and Lander shs[I not be requhed to detertNr�s the validity or accuracy oi nny liem before paylrp IL NottYnp in th�Daad of Tn�t shafl be � � ' :–"' ��
<br /> . coratrued a9 requhinp Lende►to advance oth2t monles for such purposes,end Lendor shall rsot incur erry BabW2y for anylhlnp H may do a omH to : , : � ..
<br /> • do wlth respect to the neserve account !�9 a.mounb in tho reserve accouN are hetoby pledped to furtNsr Sscurs tlw Indebtednes9.and Lende►�S ,�,,
<br /> herepy Quthorized to wilhdraw end apD►Y sxh emounb on the Indebtedness upon the accurtence of an Event of OefauN. Lsndar ahaA not be , .. .
<br /> required to pay any interest a eamings rr"ne reserve(unds uNess requhed by law or apreed b by Lender in wriHnp. Londor does not hdd the � �.,.
<br /> reserve funds In trusl tor Tru,ta,and Lcr,��not Trustar's apent for payment o!tho fenen and essossmen�requUed to be paid by Trustor. , � \ �
<br /> EXPENDITURES BY LENDEA. It Trusta faiis to compty wllh any provlsion of th�Oeed of Tnu�or i!any aCUon a praceedlny b Comrtwnced that � • , �
<br /> woNd rtwterially affeet Lende�'s Interests�n the Property,Lender on Tnutors befial}may,but st�all not be requhed to,taka erry actlon that Lsnder � .
<br /> • deems eppropriate. My amount thal Lender e�ends In so dainy wUi bear interest at the rate provlded fa In tAe Note Bom ths date ir�txr�d or pald •
<br /> by Lender to the date of ropayment by Tnqtw. AH such e�enses,at tsnders op8on,wr'J (a)bs payebte on demand, (b)be added to the balance �� .
<br /> of the fta�and bo apportloned amonp and be payabt�wlth any instailment paymenb to become duo durinp eith6r (q ttw term of arry appAcabb � -
<br /> ir.su:�nxco pallCy Ot (ii)the remalnlny tetm Of the Note,a (c)be treated�s c betloan payment wAkh wtll be due and peyabta at the Not�s mahaity. � .
<br /> T:���yEr6 ot Trust atso wi9 secura payment ot these amounb. The rtphts provided tor in thb parapraph ahaN be in addiUon to any oiher rlahb or arry � . .
<br /> ro:odes to which Lender may bo enUUad on aocouM of the defaNt. My such acUon by Lender sfwt!not be construed es curin�the detauH so es to �
<br /> bar Lentler(rom any remedy that it othetwise waut0 have haA.
<br /> WApApt�ITY;pEXEMSE OF TiTLE.The fotlowing prav�ior�rdadng to ownorshlp oi tiia Propertyr ar8 a part of this Oeed of Tn�s4. �_ —
<br /> Tltte. Trusta war►anb that (a)Trustor hotdc�oad an0 maAcetabte title ot recud to tFw Propwly In fae slmpl0,Ue0 end ciear af afl�ens and _
<br /> � ! encumbrances other than those set forth in the Ree!Property desafpbon a U any tibe insuranee poDcy.UUe report,a flnol tiGe oplNon issued in .
<br /> favor o},and acoepted by,Lender In connectlon wtth this Oeed of Trust,and (b)Trusta hes the full�Iaht,power,and nuthoAly to e�cute and ,
<br /> • 4 deilver lhis Deed o}Trust to Lender. . _
<br /> : Qetanae of TIUe. Subject lo the exCepUon in tne pzre�raph ebovo.Trustor warmnLs and wtt!tarever detend the ffife to the Ptoperty apalnst the •
<br /> [ lawful d81ms ot all p0tson9. In the event eny 8c*_�n o�proo98d1ny Is CommenCOd th81 quesUon9 Trustors fltle w tAe Intetest of TNSte9 Or I- —
<br /> �• Wnder under this Desd of Ttust,Trustor shall defen0 tt�e seHon at Ttustor's eo�ense. Trustor may be the nominrJ party In such proeasdinp,but �
<br /> " ! �er„sr sha�t be en8tled to prutidpate in the proweding and ta b�represented tn the proceeding by counsel of Lender8 own chok:e,and �
<br /> • �r,,,.;.�r will deliver,or cause to be deUvered,to Lender sucA Instrumor�ts es Lender may request hom Ums to dme to permit such R:.R1CiAa9on. � •
<br /> � i :�,:�ylience Nflth L.ax�a Trustor wanants that 4r,�P►operty and Trustor's use ot the Property comptiss with atl exlSHng eyplkebfe Iaws, � •
<br /> , ; sr,:inances.and reyulaUons ot povemmental authcr�. �-
<br /> _ �1iIIEaANATtON.The(otlowing provtslons relatlnp to condemnaHOn prooeedings ero e part of this Daed o!Trust. '
<br /> �1Seatlon of ltet Proeecd�. If ail or any part o}tne Property b condemned by eminant domain procsedlnps or by any ptoceedinp or
<br /> Furc:�,ase In Ileu of condemna8on,Lendsr mey at its slocUon require that atl or any pordon ot ihe net praceeds of the award Ce applled to the _
<br /> InCeDtedness or the repatr or restorflLOn o4 the Properly. The net proceads of fhe av�erd shell mean the ewerd flfter peymenf ot ell reesonabte —
<br /> cosLs,e�ens�.and attomeys'tees ineurred by Trusteo or Lender In connscUOn wHh the condemnrltion. =
<br /> Proceedin�s. If any prooeeding in condemnaUOn is fited,Trustor sheil prompUy notity Lendar in writlng,and Trustor shall prompll}r fake sueh
<br /> steps es may be necessary to defend the acUOn and obtain the awarG. Trusror may be the nominai pariy in sucn procescnr�,Lui Leflder si�a➢t
<br /> be entiUed to partiGpate in the proceeding and to be represented in the prooseding by counssl ot itg ovm cho!ce,and Trustor will deiiver or �
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