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<br /> � • ` ' o2-1s-t9�8 DE�D OF TRI�ST . Psge e � . . ., .
<br /> , �oan No 658583 (CorNnued? . 9�'� �i���=sa�� � . ,� <�
<br /> . � amou�rt sutfiderrt to�isCtmrge trte lien ptus enY cosls and atecrosYs'fees or other ehar9es tnat coutd aaa:ruue as a resutt ot a taecloswe ar sete � � '
<br /> ` unde!tt�o Uen. In any con0esl.7rustor stia0 deiend itseif and L�ndsr and shaB sa6sN anY edve�e 1�d9�e�hafore ento�oemecd agahrst tAe .. � . , • .Y
<br /> ` . . • Prpperty.Trustm shatl r�ame Lender as&n adt5tlonal�i'i9ss under anY SuretY bond fwUshed In ti�coritest OrpoeaNr►gs. ` � .F, '. , ,
<br /> � EVIQ�tCe o4 Paymenl. Ttustor shall trpon demand tumis�to Lender sBBSfactory evtdeno�of payme�t at tha faxes or assassmerAS and shail k ,
<br /> . euthmix�tfl9 epDroD�at�8wemmentel af8ctal to de0var to lender at any fime a written ststemerR of Me te�ms and essessmer�agalnst ihe • ,
<br /> � . RroAedY• ,
<br /> . Koltee oT CoslaSruCCt�n.Tn�stor sha0 nofNy I.ender at teast fifteen(tb�days Qefore arry woik is commenced.er►Y servboas ara t�ntshed.er a�ry . ,`.. `..
<br /> ' �: mateAats ere supDffed to tt►a ProP�Y.n�Y mechantc's�n.mateAahneds Uen.ct atlier pen could be asseRed on aaourd of the wrork. . . ,
<br /> ssrvtws.�materls�.Tntstor wm upon req�st of Lender flunish to Lendar advanee assuranws sat�aeto�Y fi lender Etiat Tnshir can end wu� �
<br /> pav tne cast ot s�n tmprov�mens. k � `. .
<br /> PR��ERTY DAl1AG�IHfiIlilAtiCE.The foQOw(n8 DmvLStons tetating to insuring the ProDerty are 8 part ot ttiLs Deed of Trust ; -
<br /> l --.- - M81nteRanse ot In8lt�noe.Tnstor shaU Orocure and maiMafn po�cies of fire insurance with standard mQended ca+�+age enQorsema�s on a ; - - `- � ;---
<br /> . � •.� replaoemerrt basls tar the tuu�nsurabte vahre caverin9 eD Improvements an the Reat PrcP�Y in an amaur►t suffieierA to avaid eppticatton o!anyr � . ` . ,_ :..
<br /> ! coic�uranoe da�e.and w4h e standerd maAgagee ctause in iavor ot lenAer.togeti�er eritt�sueh ott�er Aamrd and Dab�ihl insuranae as Lender
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<br /> _ � f �y r�pnapty requtre. Polides snaD be written in torm,amounls.covarages and basis reasonebry aooe0lahle to LenQer and tssued Oy a
<br /> .A camQany or companfes reasonabty eceeAffibte to Lender. Trtrstor.W an request of Lender.wiD deIIvar to Lendsr trom Wne to Ume the pa�das . . ' ,
<br /> - -- — - --7 �����f i c�s�e I n t arm sa4staet o ry io Leader.indu6�ng stiptAaUons ttse!catts�x�!no!bs�Qed a dmtnist+ed w�tioiil et - - . _ --
<br /> 9 in tsvor ot _ .::;
<br /> . .f least fen(10)days'P�ior wiilten notice to Lender. Each insurance Daticy a t so s h a➢t r��u d e an e n d o r s e m e c�p ro W d fi n g�a t� , '.
<br /> - ` • ! Lender wi0 nol 0e impe t r R d t n any w a y b y a n y a d.om i s s lon or deisutt ot Ttustor or arry other person. Shoutd the Rea1 PrcOertY 8t anY� . ,
<br /> ' ` • Eecome loC9ted in ett 818a de519rr�Q by tBe OheCtot ot ttte Federel Emgrgerw7/Mana$errtent Agency as e sPeCte�Rood h�td eree,Ttustor • 4.{'..
<br /> , . � egrees to obtain and ma►r�teln Federal Rood Insurance for the fuil urtpald pdc�ctpal batance of the toan.uD to!he rt�mdmum pofd.jl drtdi.5 s� 'r�-,:..:;
<br /> . under the tYatlonet Rood Inswan�Prograe►.or as othervuise reqWred by Lertdeti and to malnteln such insuranoe!or the term of tl�toan. ' F, .�„��;
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<br /> � , ApppeaUon of Praceeds.Tnistor shaU prompUy notify Lender ot any I�s or dema8a to f�e PropeRy. lender may ma1�e proot at loss d Trustor 1:.�.�- �
<br /> - ' • fals to do so w�hin fi�er►(1S)days nf the casualty. Whether or not Lender's sscmity is imAaUed.Lender may.at iTS etecdoM�eceiv�and�n _ :
<br /> the O��eeds o!anH insura^oe a�d apPty the pr°ceed't°the redudion o!ihe Indebtedness„payment of anyr Uen affecdn8lhe ProFerlf►.ar tl� ".:;�;._..
<br /> � r�toratfan ar►4 repan ef the Rroperql. if lender etects to eAPty the Proceeds to restaratlan and repaU.Ttustor Sh80 teDetr ot tBpIaC91he f r, �-.
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<br /> � damaged at desb'oyed tmgrt�xne�s in a manner satisfactnry to lentfar. Lsnder sha0.upon satlsfactory Proof ot sueh e�endrhue.RaY n►
<br /> reimbws9 Tnistor trom tAe,ra�eds tor 1fie ceasonabte cosl of repair or cestaration it Trwtor Is not In defauft unQer th(s Oeed af TN51. Any ,. • , ��:3�.r_:-
<br /> ' � prooeeds Yrh!�have nat heen disbwsed within 180 daYs eftar theb�ceiDl and which lender has not wmm�ted to the reAaU or restara5on ot " ., q f �:
<br /> the PropeAy s7iaA be used first to pay any amouM owing to Lender under t�is Dead of Tnist,ihsn to pay acaued interest.and the remelrtdat,if •�,
<br /> � � arry,shaD be app�e d t o t he p rt n c i A 8 1 b a t a n c e o f t h e I n d e b t e d n e s s. !f L e n d e r h ot d s en y proceeds eRer payment in tuU ot Itre Indebfednsss.such . � �+�+"`
<br /> ;�{ proceeQs shell be paid to Tnutor as Trustors intetests maY aL�es►• _ , �--'�
<br /> <:'�'_�.;sf
<br /> }4 ��}�I��nee et Sate. Aayr unw�ired ir�surance sna�+c+are to the benefit of,and pass to.the purct�eser of ttse PcaDettY covered by tNS . �,
<br /> ,� . Deed otTnist at erry trustees sate a other sale hetd under the provisior�,ot th(s Oeed of Tn�sl,or at any(oredosure sale ot such ProPeAy. r �:
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<br /> . . Compitanoe wlf�E1dsttrip IndeLtednesa. Oudng the pertod in whl�h em►E�dstln9 lndehtedness desafhed betaw b tn effed.camp0ance wHh . , ..;:..f =-.
<br /> the ir�urance proutstons co�ained in the i�dument evtdencing such Extstle8 IndebteQness sheU constidu'.s comPifance vAth tha I�suie�we -- _� .i�;�',�'"�
<br /> • prov(stons under this Daed ot 7rust,to the e�deM compGance wtth the tam�s o}this Qeed of Tnuf woutd consGtute e dupQcaflon of insuranae •,:�,�,z�
<br /> ��; requhsmem. If any praceeQs f�om ihe iruuranee become payabie on loss,the provlslons in t1�Oeed ot Trusf far mvfstan of procesds stmU , . .;,�•�-;:.;;
<br /> ' ; ':;` eAAN aNy to that poNon o1 the 0��not payabte to ihe hoider ot the ExlsNng tndebteQnsss. ; , ,�f ��� ;'
<br /> ' r ' p(P@�l0lTU[iES BY LENCER. If Tnistor taits to complY w(th arry proviston of this Deed W Tnut.induding arty ob�gatlon ta matntein E�d59ng . g��"
<br /> ' Indebtedness(n gooA standing as requtred betow,or if arry acGan or proeeeding is commeneed that woutd mate�.�'gj affeet Lendefs trRe�esb te Ihe ��,,:
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<br /> - prcperty.L�nQer on Tnistors behaH may,but shall not be requ ire d to,take an y acfion tAa1 Lender deems eDP�aP�e• �Y�aunt th81 Lendet . i.� :.,:,
<br /> eocpends In so doing wftl bear interest at fhe rate provfded br in the Note itom the date incurred or paid by Lertder to the dats oi rePaymant by • •:
<br /> , Trustcr. Att sucb expenses.8t lenders optlon,wi0 (e}be payabte on demand, (b)ba adde0 to th0 balance of the Note and he apyortloned�mon8 � ' . �'=�.i,ir`
<br /> ��' an0 Oe payab�e wfth arry Instatiment payments to become due dur.ag eithet 0)tt+e term ot anY apPlicabte insurance Po�cy ar Cd)t�o re►nalning term ` � :�:��'*...
<br /> �..�, ot tt�e Note,ar (t)be treated as a bal!aon payment whicfi�nu ba due and payaEle at the Notes matuAry. This doed of Tn�st atso+xm secure '`;,,,,,,
<br /> - payment of Mese 8mounls. The rlghts providad for in t�is paragraDh sneil be In add'itian to any other rfgfits or any remeOles to whicA Lender may ba .��_:�_;;
<br /> � eMitted on aoCOUnt of the Qetaul� Any such acNon by Lender shall not be construed as curing the EefaNt so ss to bar Lender hom any�emeQy Ihal � • ,..�.���,;
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<br /> ' '. A otherw`se would have had. , '�-•"''�
<br /> � � WAgRANTY;OEFEI+ISE OF Tf7LE. The toitowing provisions retaUng to ownership o1 the Property are a paA of this Oeed ot TrusR ��,,.`,�;,,;�
<br /> � Title. Trustor werrants that (a)Tnutrn hotds goad end martcetabie flU9 af recor0 to ths Property b fea simple,hee and dear o1 all Uens end ��--��•.
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<br />=. ��, ' � encumbrances other than those set foM in the Reai PrGOertY desaiytton or in the Exlsdng tndebtedness sectlon betow or tn any tfYtle instaance ._
<br /> `.�:s policyr,tiUe�epoA.ar final UUe opinion issued In 9avor of,and accepted by,Lender in connecHon wtth thls DeeO of TrwM.an0 (b)Tnistar has the . ;r�:
<br /> I� full rtghf.power.and author(ry to execute and deliver 1Ns Oeed of Tnist to Lender. �:':,�;��
<br /> ,,� D8ten88 0!TIAB. SubJecl to th9 exceDUOn in the parag�ap�ebove,Tn�stor warrants en 0 w(n(orever de f e n d t A e U U e t o t h e F r o p e A y B B a l n s 1 Ihe
<br /> . ����a}��r�s, In the eveM any actlon ar procesding!s Commenced that questlons Tnistors tlUe ar the tnterest ot Trustee cr
<br /> . lendet under this Oeed of Trust.Tnutor sheil detend the action at Trustors�Dense. Tntstor may be the nominal party In such proce6�n9�bN ,
<br /> j tender shall ba errtitleG to parUdpata In the proceeding an0 to be�e0rese�ed in the OroceeQing Dy counsel ot Lendsrs ovm choica,end . :
<br /> ��. Trustor will dellver,or cau5e to be deltvered,to lender such instrumerds as Lender may tequest from Ume to dme to permil such parttdpatian. • ._
<br /> Ca�ypanog With Lawa Tnutor warrants thal the PropeAyr end T�ustors use of ihe Proparty compilas wlth ell e�dsUng applicabte Iaws, �
<br /> `�a` ''� ordlnances.an0 reg�daUans of governmental ault�orities. , ..
<br /> � pUSTINO INDSBTEDNESS. The foitowing provlsiorrs conceming e�dsUrtg inQebtedness phe'E�dsting Inde4teQn�are a peA o1 this Deed of .
<br /> : � � Trust. , ' .
<br /> ' �% � E�dsting Llen. The pen ot ttils Oeed of Trtut secudrtg the InQebtedness maY be seconEary and Inledor to an e�dsting lien. Tnistor mcpressly _ .
<br /> covenanb and agrees to pay,or see fo the payment of,the ExisUng indebtedness and to prevenf any default on such Indebtedness,any de3uli
<br /> unCer the�nshuments evidencing such Indebtedness,or any default under eay security documents for sueh i�debtedaess. •
<br /> ' � Qefaui4 If the payment of eny insteltment of pdnCipsl or any Interest on the Extsting Indebtedness 15 not made vdthin the Ume requlred by the .
<br /> � note eWdenci�g such lndebtedness,or should a default occur under tho instrumont setur�ng such indebtedness and not be cured during any .
<br /> applicabfe graCe perlod there�n,then,af the optlon o1 Lender.the Indebtedngss secure0 by this Deed of Trusf shall become Immediatety due _
<br /> �• and payab�e,and this Oeed ot Ttust shall be in defaNl
<br /> No tdoQlflceUOn. Trustor shall not entet int0 any egreemenl with the hoider of any moRgage,deed o1 hust,or other security agreement wt�ch .
<br /> j has prlodry over ihis Oeed of Trust by which that egreemenl is modifie0,amended,extended,ar renewed wNhoul the pdar written Consenl of
<br /> .:',.;` � Lender. Trustar shall neither request nor acCept any tuture advenCes under any such Security agreemont withoN the pdor wtitten consenl of
<br /> ,� i Lender.
<br /> ._ � CONDE(NNATIOf�. The toftovnng prov�s�ons reiahng to Condemnallon proCeedings are a peA ot ihis Deed Ot T�ust•
<br /> , ' ! Appt�eaUon o!Net Proceeda 11 atl or any part of the Property Is condemne ybp�on o}the ne prpaceeds othe awayid be�p il eddto he
<br /> ,� � putChsse in lieu o}condemnatlon,Lender may et i19 eiection requlre that ail or an . _
<br /> •-�� � Indebtedness or the tepair or restoration of the Properfy. The nel praceeds ol the award shall mean the award 8fter paymeM of all reasonablA
<br /> ,:� costs,expe�ses,antl ettorneys'tee9 incurred by Truste9 or Lender in connectlon with the condemnaUOn.
<br /> ' Ptoteeding9. It any proceeding in condemnaUOn Is fiied,Trustor shatf prompUy nOtily LenQet in wriUng,end Trustor sha11 promptly feke suCh 4 :
<br /> ' ' steps as may be necessery to dotend the actlon and obtaln the award. Trustor may be the naminal party in such proceeding,bul LenQer shalt .
<br /> ' be entiiled lo parUGpa18 In the proceeding and to be represented in the prooeeding by counsel ot its own cholce.and Trustor v�nll deUver or • _ .
<br /> - cause to De ds0uered to lendet such insVUments es may be requested by it hom Ume to time to permil sueh particlpaUOn.
<br /> �,� .� � I�d�OS1TtON Of TANEB,iEEB Al'�D CMARGE9 BY GOVERHMHNTAI.AU�KOAiT1ES. The foltowing provlslons relaNnp to gove►nmental tex�.
<br /> � �' lees end Charges are e parl of this DeAd o}Trusf:
<br /> � '4 • Cunent Taze9.Fees and Charges. Upon request by Lender,Trustor shau execute such dceuments In add�tion lo this DeeC o1 Trusl and take ,
<br /> vrhatever other aCtion is requested by Lender to perfeCl and confinu9 Lenders hen on t�e Real Property. TruStOr Shail reimburse l.ender tot ell ; .
<br /> ' texes,as descnbed below, together with all expenses mcurred�n recordmg, peAecbng o►continuing this Deed of Trust,mctuding without i
<br /> - - � ��m�tt�flo�au tauas.lees.documenlary stamps,end other chargss for recording or registering thls Oeed ot Trus� �
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