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<br /> ' o��2-ts9s DEED OF TF�UST ���� • � F -
<br /> •� � loan�40�4988 (Co�ue� ��� ������� • � .. �
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<br /> �� `: _ ;.� smow�t sufRctent to dtscharge ttie Gen Ptus any costs and attomays'te�a other cnarges thaf coutd aocrue as a rasu�t of a foredoswe or sate , . `�-
<br /> G unE�the lien. tn any eont�st.Tnista►st�aU detend i1seN and L.es►Qer and sAa11 satish�►Y adverse judgmant before entotcement agelr�st the � -
<br /> ` � ' pcpperiy, Tn�stOr shell name lender es an addiUOnsl obiigee under airy surety bond tum�s�ed In ihe corrtest D�oeeedin9s- - - ��. -
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<br /> �� . EWdsRLe O!PeyRlanL Trustor SheD uDOn demand tumtsh to Lender satl5tactory evidence af Oallme�t of the tezss or assessrt�errts end shsD _ . , ,
<br /> ' . ` atRhoA�the ePP�A�9�mentai oft�at!o deGver to I.end9r at enY Bme a w�ittsn stateme�of the t�es snd e5sessments egairtst the , , :�i
<br /> . . . `� PrQ9�Y• �
<br /> ' ° .•. NotP�OT Cunstruca0n.Ttttseor shall n�g►tender af Ieast fiRe9a(15)days betora eaY wmk is commenoed any se�vloes are�Aad.or eaY ., .
<br /> materl8fs ace suppQed to the ProRerty►.N en71 cnschaNBs Q9t4 materiatmen's�an.or othet Ren could be ta���t T�nt�sto�i�and v m �
<br /> � seMees.ot rtiaterfab.Tnutor wID upon wquest at Lender Nrn�A to LenQer advaaee assivances sat�dc+Y < .
<br /> . ' oay tne eost m sueh ur.prouemer�s. _
<br /> - -.- - PAOPEATY OAeAAtiE(NSttiiAliCE.'Iha foUOwtng provtstans�etatfn8 to Insuring iRe Properly e�e a part ot tNs Oead oi Tn3st � < < . -
<br /> ' • 6�sdittenaQe9 At tn�weitCe. Tn�or shaU procure and maintatn P��on the Real ProAerlN in an emowd saftideM to avold appIICatton of�eny ��. ` '`�,..�<�'�`
<br /> _- .-- reptacement basis tar fhe tW insurahie vatue co�ng aB I��o�nen� _ --T=
<br /> cpinstug�Ce dau5g.end with a stendsrd mORgag99 cisu59 in favor of LBnder,together with sltch ot4�er h8=8rd and Uab�y insurenw 8S Lender
<br /> e : may reaSOnabry requira. Pondes shall he wfitten in torm.amou�As.covere9�and Easis raasonabAl accePtab►e to Lender and issued by a .-:.� ,x . �' '
<br /> � �mpsny or�pmpaN�s reaspnabry aaePtabte to Lender. 7n�s[or,apan requ�t ot Lendet.w�defiver to Lender hom tlma to tlme ttie poltcies , .,, �°. �
<br /> � . . ar oertiticates at ir+siaance In Porm sat�faetarY to lender.indudng sdputaUOns that coverages wN nat be eancelted or diminished in favor of .�
<br /> . teast ten(10)daYs:Pdor wrttten noBCe to Lendar. Eae�ins�ranee DoUcf►atso sAaD InctuQe an endorsement providing 1ha)covetaSs � �'..' Y�-:-
<br /> � � •
<br /> ° LenQat will not be�rt�pahed in a�ry way by arry ad.omission or default ot Ttustor ar arry oU►er persoe. Tt+e Reai PropertY is toeated in en erea - >:.
<br /> :� .:j desi8nated DY fhe D i r e c t o r o f t h s Federal Em e r ge r e s y Mar+aSemetd A9srrcyr es a sFedal ftoo0 haratd erea. Trtutor a8�fo abffitn and . . � _�"•--
<br /> mai�ln FedeTet Ftood Insurance fo►the tuU unAa►4 DTindFsi b����s loan,up to the m�dmum poli�y Umfts set under the[Va4onal Rooa '�,°t`f-
<br /> r , tnsurenoB Prag►am.or es otheiuulse reQuired by Lender.and to mainte�n such ir�suranw tor the term of the loat�. �. .;_
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<br /> �_ :, ' A ppltcation o!Ptoeeeda Tnistor shaq prompUyr notity►Lender ot a�ry loss or demage to the Property. Lender may make praof at t�s itTrustor �._, _-
<br /> !ails fa do so wittdn 6 ft e en(t�d ays o f t t+e c a s u a l l�i• W h e t h e r o r n o t L e n d e i's s e c i u�y i s i m p a i r e d,L e n d e r m a y.e!ib etecdo n.recetve and reffih� -
<br /> ' the proeesds o1 arry insurance and apOh�P�to the cedudion of ttie indebtedness,P�erd of anY 6en a(fectln9 the ProAa�tf►.��+e - -_
<br /> - , . . . r�toratlon and rep a i r o t t h e P rop e A y. I t L e rt d e r e t e e l s t o e D D t y t h e p m c e a d s to re s taration and re psir.Trustor sha0 repatr�reptace the . -
<br /> `� • • damaged ar destroyed Improvements tn a manner satisfactory to Lender. Lender shaU.upon satlstactary proot of such e�end�rre.PaY c► ___
<br /> �imlywse Tn�stpr irom tne proceeds far the reasanaDte cost of repair or restoration if Tnistar is not in Qeta�t under th�Oeed ot TrusL Arry - --
<br /> � • prooeeQs whlet�hava not been disbursed within 180 days after theU receipt and whict�Lender hee not cammiHed to the�epair or testoradon of
<br /> �, � the Property shaH be used fust to pay aeyr emount owing to l.ender under t�(s Oead of Trust.tnen to pay acaued iniecest.and the cemainQm�ff ;.� '
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<br /> _ ` . x. : . any.Shail be appUeQ to the pdncipal Oalanea ot the Indebtedness. tt Lender hotds any proceeds after PaYmeM in h�of the tndehtedness,such i�•-. - --
<br /> 5: . proceedy shep be paicf to T r u s Wr as 7 n$t a rs i n t e r e s t s ma Y e P Pea�. .
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<br /> t ! • �fifie�cphe0 trts�trtmee 61 Sefe. MY une�trad insurance sAeO inure to the Oenefit of.and pass to,the purChaser of tAe Property cavered by this �
<br /> Oeed of Tnrst at any Urustees sete or other sate hetd und�the provisions of thts Deed of Trust,or at any toredosure sale of sucA R�opertY. '�. .��_:_.
<br /> ` :i CompSlartpe�lth E]dsUng Inde�tsdnese. Dudng the pertod in wtUCh any E�dsUng InQebtedness desaiEed beTOw i s in e i f e c t.co m p q a n C e wltt� �: � -
<br /> '• � th9 irtautance Drovisions contained tn the tnsUument evldendr�g suct►EidsUng Indebtedn9ss shall consHtitte eompllance with the insurance . . _
<br /> � ' • � • " � provt�om under thfs Oeed ot Tn�i.to the e�dent camAQance whh the tem�s of this Deed a!Tn�st woWd cor�stitute a du�4�Bon af ic�stuanee _—
<br /> ;t . . �equheme ta thaf po 8an�of the proceads not paY�t�to e hold af�ng 1 debtednin�thls Oeed of Tn�st for diNston of praweds shaD - -
<br /> � eDVN M► �,'�. _�i-_.....�
<br /> p�ENDf7{JiiES BY t.EHDFA. If Tnutor fe�7s to eompty wfth arry Provision of th�Osed oi TNSt,indudirtg am1 obGgadon to mafr+fatn E�QsBng ���, __
<br /> '�� � Indedtedrtess in gaod s�tanding es requlred betow.a if any acdon or proceeding is camrnenwd that woWd mate�faUy affecl lsnders int�ests tn the ° �. �; ,
<br />:,�'`�`: PropeAy.lBnQer on Trwtofs behsif may.but shaD na1 be required to.take an9 acUon that isnder Qeems appraprffit9. AnY amount that LenQer ,
<br /> e�ends in so doing wi0 bear interest ai the rate provided for in the Note trom the date incurred or�id by Lendet to the date of reQaymerd Dy .. - ',��:_
<br /> Trustor. A11 such expenses,at Lender s ap7ion,witl (a)be payable on demand, (b)be added to the 6a'�.�ee ot the lVote and be appartianed among .. �:Y��
<br /> � and be payrabte with any instaltmenl payments to become due du dng eiti�ar Q)ihe term oi any ep81ic8bie insurance patlCy ar @)the reme�ning tertn �� y,��.
<br /> of the Nots,or (c)be treated as a baRoon payme�whrch�nn'n 4a due and payabte at tha Notes matu�ty. This deed of Trust atso vnU secure , _ _-
<br /> • payment af tnese amour�s. The dghfs provlded for in this p�ragraph shaU be in additton to ar►y other dghta or any remeQies to whtch lsnder may be �" .
<br /> .�y . enlfUed on account of the default. Any such action by LenQer snait aot be conshued as curing the detautt so as to bar Lender irom any remedY ihat : '_;:�r
<br /> . il othervds�woutd have had. " . ' .���
<br /> ', • WppRANTY;DEFEt�ISE OF TITLE.The fotlowing prov►stons retaUng to ownarship of the PropeRy are a part of th[s QeeA of Tntst. . • -. rt _
<br /> �+� • � TIUe. Trustor warran t s l d a w (a)T r u s t o r h o t d s g o o d a n d m a A c e t a b l e tl 4 e o t re c o r C t o tA e Pro p e r t y in tee sl m plB.free aad�dear af aU Uens aad •..,�".
<br /> �' � enCUmbranoes othe7 tt�an t�ase set(aAA in the R e a l P�op e r t y Q e s c r i p U o n o r i n t h e E x i s tl n g I n d e b t e d n e s s s e c t l o n b e t o w or in a r ry tit101nsuranco � < a_
<br /> � poticy.BUe repoR.or SnalliUe opinfon Issued in tavor of,and acoeA�ed by,lender in eonneation witt�this Oeed of Tnut.and (b)Twtar has the ,��
<br /> �. {��rfg}d,power�anC Bulharity to execute end deliver thls Oeed ot Trust to Lendet. 'a-:
<br /> � Oefense of Yltte. Subjsct to tqe excepUOn in the paragreph ebove,Trustot warrants an0 wiU forever dsfen0 the title to the RropeAy against 1he . :;�,,;•
<br /> . � - lawf�.�!ctaims ol atl persons. la trie event any action or proceeding�commenced thal quesdc.rs Tn�sto�s UUe or the imerest of Trustee ar .. :�-s-
<br /> � ' LenQ�r undac this Oeed of Trust�Trustor shaD defend ihe ac�on at Tn�Stars e�ense• Trustor may be the nqmhtat paAy►in sucti proc@edtrtg,bul .
<br />- ' - LenQer sfiall be enUUed to partidpata In the procesding and to be reptesentecl In the proceeQing by counsef af Lender"s awn chotCe,and _ _ __
<br /> ' Trustor will de�ver,or cause to Oe Ceiivere4.to Lsnder such instruments as LenQer may request hom tim9 to Ume to permil sueh paAtcipattan. -
<br /> . ve
<br /> . " � Cump�ipnce Wtth Lawa Tiustor warcants that the Property and Trustors use Ot the PropeRy Complies with all e�ds8ng appliceDle faws. �, ,
<br /> ' �. •� or�nances.and regtAaUOns of governmental autAodtles. � . •
<br /> � . , p(IS71Nfl INDEBTECNESS. Tha foitowing provisions coneeming e�dsUng indebtedness phe'�dsting Indebtedness'are a paA ot th19 Oeed ot
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<br />_ •..'� , ': .� Ebsting Uen. Tha lien of this Deed of Trust secudng the Indebtedn�s may be secon0ary and inteflor to an e�dsUng Uen. Uustor e�ressl�► .
<br /> ' unQ�91nsWm8�en�b eNdencln8 su A I de�bt drtess�o�r any�def�aNt unde►arry secudiy Q u�meeb for s ch indeb edn�es.s�,btedness.eny defautt .
<br /> ': � ' De�sttl� If ths payment ot any lnstaltment o1 pdnclpal or any interest on the ExlsUng tndebte0ness(s not made w�lhin the ttme reQuhed by the _ '
<br /> • nate eNdencing such indabte6ness,or shouta e defaWt occur unde�the Instrumer�socuring suah Ineab4edness and not be c�cre0 d�dng anY
<br /> applicable graae perlad therein,fhen.et the opUon M LenCer,the Indebtednes.s secured by this Oeed ot Trust shatl become ir:�d18�BSy duo
<br /> ' and payabie.ane this Deed ol Trust shall be In Oefautt. •� .
<br /> Ho MaClitcctitlon. Trustor shatl not enter Into any agreement witb Me hotder o18ny mortgage,Ceed of bust,or other securiry agreemaM which .
<br /> ' it
<br /> ',�' Lend r��Ttusto►Sh81n e�er equest or accept an�yefuture advaneesfleundereany suc�h secu ty agreem n1 withoN the pdor vMtten consent ot ' ,
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<br />; , Lender. •
<br /> CONOEM?�ATtON. The tottow�ng pro�s�ons releting to condemnahon proCeedings are a part of this Oeed ot TrusL , �
<br /> ' Aypticatlon of N81 Praeeede. If a11 or any parl 01 the PropeRy is condomnad by emtnenl domain procsedings or by any proceadtng or
<br /> purchase In lieu o1 condemnellon.Lender may at its electlon requlre that ail or any portion of the nef prooeeds o11he award be applled to the .
<br /> ,F:�� tndebtedne59 or the rapair ot restoraUOn o1 ihe Properly. The nef proeeeQ9 oi the flward shall mean the award after p8ymenl ot all reASOneblO
<br /> � costs.expenses.and attomeys'tees incurted by Trustee or Lender U connection with the condemnaUon. ,
<br /> Proeeedinp9. tf any praoeeding in candemnaUon Is filed,Trustor s�al1 prompUy notify Lender in wriUng,and Trustm sha0 prompUy tFtke sacA
<br /> steps as may ba necassary to datend lha action and obtsln tho award. Trustor may be the nominal paAy tn such proceeding,but Lender shall
<br /> be entitled to participate in ihe proceeding and to be represenled In the proceedlrtg by counsel ol its own cho►ce,and Tnutor wiU daltver or
<br /> ��'' � cause to be deilvered to Lendar such instruments es may be tequested by il from tlme to Ume to permit such parUdpaUon. �
<br /> 1lAP08lTlON OF T6lXE8.F�EES IWD Cl1ARGES BY(iOYEiUlI'dENTAI AtlTHOARIHS. The to0owing provlslons reiating to governmentel taxes, �
<br /> . � fees enA charges are e paA ot this Deed of Tnrsf: ,
<br /> ' - � Currenl TeUtee,Fees ana Chmgea Upon requesl by LenQer,Trustor shall execute such dacumenb In a T�r stortshatl reimbu�rse Lendeda e11 '.
<br /> whatevar other acUon Is requested by Lender to pe�fecl and continue LenEePs lien on the Resl Property.
<br /> � ��m1�tio^a�i l�axes,efees,tdocum�eetary slamps'and othe charges for�recording o�egistedng tnis Oeed o9T usLDeed o}TrusL IncluQing without
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