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<br /> � , •Ot-0a-tl� DEED O�TRU�1f . Page 3 :. . `
<br /> . . . (Corttinue� °� 9�° �
<br /> _ � ` , . �os��!0 6�6333 �� ' ` . .
<br /> . . , ` � . .
<br /> ,:� W�i To Cont6aL Tn�star may withhotd PaY�+�ent of anY tex.assessme�d.or etatm in connectlon witb e good teEth�SAu�e Tn�istour s!�w�� ' .`
<br /> is nat It a iisn arises or is fited as a oes�dt of nonpaymartt.
<br /> to pay.so long ss Len�s interest in tt�e Praperty f�A��• to Lend�In an -`�',. . ..,
<br /> . �Sn(1�Qays efter the Qen arisss ar.N a Qon Lg t�ie0�wlfhln fiReen(15)days eRer TNStor has notloe W ths 6llng.secure the Q'�ehei9e of the .
<br /> ` lien.Or N naquested by Lender,deposit wlth LenCer cesh ar a sutftctent earyarate s�etYthat co�d haaxue es et resutt�ro a�toredosttre or sele .
<br /> si
<br /> ' � amount suffictant to dfschar9e t�e flen pius anY�,�d�0���°t otAes ctiai9� °.
<br /> ' ' under tt�e nen.w sh��t,snder as�d(onat obllgae unQ an ysuretY bond�turtus�t�d ledn tgh cor�1 p owedl�BS- ��rd egains�1hs `( ,
<br /> PropeRY.Trust
<br /> , . '' •,� EvtQenle hep�Y++�ptiata govemmentet offfelal to deh'ver t0 tL.6nde1 818n�y tlme e Wfitlen�SffiSemel�A Of th8 fex6S 8nd as�merts agsl� ,
<br />" ' �`� j �p� �� t . � '
<br /> ,-c-- , Noticc�of Ccn�tiCtton. Trustor sffall notidy Lender at least,fiiteen(15)daYs Cefore enY wak is commenead.any seMces are tumtshed.cr enY . .
<br /> - '--� matertals are suOD�ed to t�e ProperlY.ii enY m�a�c'S f�.mat�lmens lian.ar ather�en coutd be assertsd on aaaunt af tlie work. `-_- - _
<br /> . Tngtor w51 uDon requesl of Lender tumish to LenQer advanee essuranoes sa�s�ac��►to Lender that Tntstor can snd w�l . .
<br /> , i ser�,or materfefs. .,
<br /> � � ! pay ths cost af such imArovamec�ts- , ° • .
<br /> PRO?@iTV DAL�ACag IHSUAAtiCE 71te toUowirtg DroviSfOns refating t0 ir�5tufirt9 the ProPerh�e Darl ot ihL Qeed of Trus! , fr .�•
<br /> • MalntenMee o!tnst�anee. Twtor sha0 procvre and rt�air�tn PcUCtes o!ftre ins�uatxe weh sffindard e�dended e�uera8g endo�ssmetds on a - � c - ,
<br /> in an amau�sutederd to evold aPPttw�on of e�►y � -..
<br /> , '. . . _ reylacemerA baais tor the fu11 insurabte vatue eoveiir�eU��tavor of tsnd g Terustntnr�shatl atso Procu�e an�mair�in comPreRs�hie general . . . .
<br /> ru �
<br /> Coirtsetrenoe dause.and with a sfandard mortgagee dause ° .��. :.
<br /> Gapi1'rty ir�uranoe tn such caverage amaunts as Lender may request with triates and Lend�being nacned as additlonal insureds(n such Qab�ityl . . ` -
<br /> r._`.
<br /> . � • insuranee Po� �nd�er m�ay raasonab�R�6des shall�l�e wrttten in tortn,�a9m urds.covera9es an bd asis6reesoneh+ty eeesOtt table to :
<br /> - � boiier Insurance.as tabte to Lender. Tnistor,upon request of Lender.w�11 deif�rer to Lender from
<br /> Lender and issued by a comPanY or comDenl�reasonabty eceeD -
<br /> � 6me to t�ne the poGd�or oertifi�of insuranoe in fartn satisfactory to l.ender.induc5rng stiPWanons that cov+�aSes w0i not be�ed or . �;,;_.
<br /> W o
<br /> ���tn fawr tof Len�der wN not Oe impatred�inB�enY waY bYe�Y ac►+��°�°�d�a�at Tnistor or any other perso�S o d U e Res1 ;,. : ','�"2=--
<br /> " �at�ly etry time beeome tocated in en erea designate�DY the Ohedor of the Fedeca!Emergency Management AgencY es 8�P�ft0°d . .� ,�
<br /> ha�!a�ea.T�atar agrees to obfatn and rtiaU�tafn federal Ficod Ir�uranca for the fuU u�paid pdndpa�batance af the(aan.up t�the ma�dmtrm
<br /> '� ar as ott�wtse reQufred bY Lender.and Lo mairdain such tnsurance for the term ot �.��
<br /> �< ' PoGey�.iu'ts set under the National Raod Insurance Program� :'��`
<br /> -.,j the toan. Lender may me�ce Oroat af loss HTnstar � �
<br /> , . APpIIeation ot Proceeda Trusta sheU promPl►Y notiA►Lendar ot arry toss ar damage to the ProDertl►• ,_. �_.:`�`�
<br /> h � Lender may.ai Its eteeUon.[�ceive and reffiin
<br /> `� ` (a¢s to Qo so witNn ftftean(15)days of the casualtY.Whether or not Lenders se�uily 6 rtnR�a i of any Qen aNecSnB the PropeRY.or the -, ��'
<br /> ', � � the proeee�of anyr iruurance an d aP P h►t h e P�ds to the wductfan W the tndeb3fl.�s.paYmen ;, . -� _
<br /> `'s . - f t�e Pro e . I}Lender elecis to aPP►Y the Praceads to�nre6on and reD�.T n�s t ar s A a D r e A�o►r e Dlace the ,:�;';�,�
<br /> restoratian and repav o D �Y_ roof ol sucfi�en6'�hue.paY ot •
<br />'Y: damaged or desUoyed Impravements in e manner satisfactory to Lender. Lender stiall.upon sat�factorY D ,<,- �,..•
<br /> reimburse 7nstor from ihe D��e�}0t�8�0�18�°f repa�r or r�t°�on if Trustor is not in defauit under thts Deed af Tnisl. Arry ��r •��;..;
<br /> H - praceeds which nave not been disburseC wilhln�t80 aays after their reoetPt and which Lender has not committed to the repair or restaratlon oi ,_. .- ;,,:-.
<br /> �. , ` ,".,� ��'.
<br /> �e S�j�i�a�Up ed to the pd cipalybalance of the debtedness.rlf Lendet holds amr Praceeds after VaYm��i��e8lndebfedtse55.suCh :,,,.' • • y�
<br /> , .:•'•i;'7�'•,=,-t
<br /> . � � y' ,�-; .:;
<br /> proceads sheii be P�a to Tmstoc as Tn�sWrs i�erests t�'�Y eAP�•
<br /> �� ���p����e at gate, Any une�hed insurance shail inure to the benefit ot,artd pass to,the purct�ser of tha Praperty coverea bY this �:�;,r;A::'�'
<br /> .,t Oeetl of Ttuwt 818ny trustees sele ar other sate he1C uaQet the provisions of fhis Oeed ot Tnisi,or at arry toreClosure sete ot suCh P�oPerhb .::.��+-.
<br /> TNStoPe 6tBp0A an tosurance- UVon request of LenQer,Rowevar not more than once a year.Tcustor shatl tumish��ndet a reyaA on each � . .�,�,��
<br /> �:it;ji;Y;.•,:
<br /> w d s U n B P o��Y���i�ment vatue.t such Or00e�Y,an d t e m a n n e t o f Qe t e r m i N g t�h a t v a l u e a n d�(e)thA e�1ra on date o tf�tf9i paticyl. , • ,; �.�
<br /> tha tt�en curte reP � meM c a s l o f t he :_,:::.,,..�'�;
<br /> .. Tnistm sheN.upon request ot LenQer,have an tnd�ende�ri apprais�t satistactory to Lender determtne tfie casb velue reP►ace .i�
<br /> � . ' Property. p is commenced that � �;;:,;.-�
<br /> �4 p�ENDtiUAES BY LF�IDER. II Trustor 1a3ts to compry wfth any prov�sion ot ttUS Deed of Trus4 a►N any adlon or mceedln9 .. .;,:-,;
<br /> woutd materlaRY aHect Lenders interests In the Properly,LenQer on Trustor's behsif maY.but shail not be tequhed to,take 8nY ac6on that Lender ,.�,�
<br /> � • deems aPP�oD�t& �Y�o�nt that Lender a�ends in so Qoiag vn'U bear interest e!ihe rate Drovtd�d tor in the Note irom the date Ineurte0 or peld -__��,.,_,•
<br /> ;I. . , • bY Lender to the�to 0 ortl�onedeamong a�be P SY�8'"��InstaA e�P Ymen�to bee ome Quetdurirtg eilhe��prot�he tem�ofanY eDD�e - � :ro;._:
<br /> � �^ of the Note anA epP `�'��-
<br /> ••.�,r_ insurance poUcy or pi)the remaintng term ot the Note,or (c)be treated as a baVOOn paymeM v+hich D shatl be In a�d�UOnto anY ottier dShts o�8 Y '
<br /> Thfs Desd o}Tnut atso wUi secure prtYment of these amounts.The dghts Drovlds0 for in thts p8ragrap
<br /> h� �����-.
<br /> �,'.� � remedles to which Lender may;e�o�e�W�Q���h8a��� �g�h acUOn by lendet shail not be wnstrueG es curing the Qetault so as to -
<br /> " bar Lentter irom aery cemedY tha '
<br /> ' WpppqHTy;pEFEN88 OF T17LE.The toilowtng provistons retating to ownershtp of 1he ProDB�Y�e V�ot���of Trus1. '.::°'+�'
<br /> '� � e TiU9. Trustor warraMs tAaC (a)Trustor hotds good and martcetabt�Utie o1 r�orC to the PropeAy In fee simple,hee and clear Of aD tlens end � ' _
<br />'� " � � � ' " ancum b r 8 n c e s o t her than tAOSe set torth in the Reel Property QescAPdon or in a�l tiUs insurance Pon�1►.1Kte repoA.o►8aal title aDinion tssued in
<br /> ' fa�sor of,and acCeDted by.lender in connecUOn with this Deed of Tnisf,and (b)T r u s tor n a s t h e t u i l rt ghi,power.and aWliOrtty t0 e�cute enA
<br /> '.,, deliver ihis Oeed of Trust to Lender. nst the ..
<br /> Oefense of Titie. Subjecl to the exaepUon in the paragraPh above,Trustar warrants and wi0 torever detend the tlUe to the ProAeAf►ag81
<br /> � �' ia,nrfol claims of ail persons. In the evanl any acUon or proceeding is commenced that ques8ons Tnutofs UUe ar th nisnter p f��Q� ,
<br /> Lender under ih15 Oeed of TrLSt,Trustor shaii deten0 the action at Trustor's expense. Tnutor may be the nominal patty ,
<br /> ' . Lender shall�e enUtled to paA�crpate in the proceeding and to be represented In the O��ding by counsel of Lenders Own CholCg,8nd
<br /> Trustor w10 Qetiver,or cause to be delivered�tfhat ther Property and T ust rsnuse o1 t e F►DertY comP��'N����ting app II Cab 0 aw9. , •
<br /> .,:J . C o m p i l n n c e W i t h L a w a T ro s t o r w a r r a n l s .' ;.'.'
<br /> ordinances,and regulaUans ot governmentel eut�orities.
<br /> ,•i CONOEINNATION. The following provls�ons retaUng to condemnaUon prooeedings ere e paA of this Oeed of T�ust. �� .
<br /> � ! Applicatlan of Net Proceeds. It all or any paA of the PropeRy�s condemned by eminent dornain prooeedings or by any praceeding ar
<br /> ' purchase in Ueu o1 condemnaUon,Lender may at its etectiThe net peoceads of the a ard sht�ll mean the�d�after paYmen tol al1��e3sonaD e
<br /> . � i Ir.�ebtedness or the repah ar resto►aUon o1 the Property. .
<br /> ccs's,expenses,and attorneys'tees incurted by Trustee or Lender In eonnectlon with th9 condemnaUon. }gge such
<br /> i proCeedinge, If any proceedin in condemnation is fited,Trustor shall promptly noUfY Lender in wriUng,end Trustor ShEill promptly
<br /> 8
<br /> � steps as may be necessary to defend the acUon and obtain t�e eward. Trustor may bs the nominal perlY�n such praeee�Ang,but LenQer shell
<br /> ! be enUUed to p�Gpate in the prooeeding and to be reQresented In the proceedfng by aounsel of its own chofce.and Trustor wlll detiver rn
<br /> � cause to be delivered io Lender such Instrumonts as may be requested by it trom ttme to Ume to permit such paAiclpaUOn.
<br /> � IM�OSITION OF TAXES,FEES AND CHARtiES 6Y GOVERNIIOEl11TAL AUTHOAiTIEB. The tollowing pmvisions retaUng to govemmental taxes,
<br /> ' ! tees and charges are a paA ol this Deed ot Trust
<br /> � Cutfent T01ce9,Feea N!0 ChArQBe. Upon reque5l by Lender,Truslor shatl execute such Cocumonis In a Ttlastartshall�relmbu�rse Lendm�tor 8te .
<br /> ; whetever olher acHon Ls request9d by Lendat to peAecl and continue LendePs tien on the Real Praperty.
<br /> '��,��� 1 tsx6s,as desCribed betow, togeth0r with atl expenses Incurted In recording,peAecUng or conUnuing Mis Deed ol Trus1,InC►uding without
<br /> � � Iimitati0n all texes.lees,documentery Stamps,and othar charges�or reeording or registering this Deed ot Trust.
<br /> � ' Tarl of t e t de'btednes9 secur dtuby ihts OBed ot Tr� (bl e speci�flcStex on Trpust CwhlCh Trus o'r Is BNhot�lzed or re4ulted to deduct hom . � •
<br /> `i,, � � P
<br /> • � paymentsro�n tne�N te•tana d�a specl cftax on ell�or a Y PoAlon�ol�thet ndebtednes9 or}on paymenls�of prinCepal9end'lMerest made by i
<br /> : ihe h0 de
<br /> TrustOr.
<br /> . Subseq�u c'eg�n EveN o1 Oetauuwas def ed Ae ow)pand e tlerCmayse ercise d^Y o���do t u evSilab ee em dies�for an EvBM ol 0etault es •
<br /> same e e �
<br /> - ' � i ���,�;d�d tesa.f;srdess Tr��stor a��ner la)oavs the tax betare it beCOmes Ceunquent,or (b)contests the tax es provtded above In the Taxes end _
<br /> . , �_ „
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