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<br /> 1 .. _ 97_1��049 P6pe 3
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<br /> . 02-10-1997 tDEE� �F TRlJST . - „
<br /> J , (Contlnued!) .,
<br /> { Loen N� A08773 ��_��— .._-- 'r�
<br /> � -�� nl,TrWtor 6h�M wlthin ;.
<br /> � Rlpht Tw'�to��•Lindar'e nteresthn o e PaoperlN�s nol Je pA�dmel e qen'arlses or h fife�d ss��u14 ononplYrtwuto owr ItN ob14t on _
<br /> { �P Y� to I,,�rtd�r In an ��
<br /> ���H i�tN 4sd by L�der,�deposll'wlt�h Lendar cashhor o„euMc eni corDO►a e nurety bond a o heretACUr1�Y o1��hCtory����tl� (:-
<br /> Il�n�Of oq *'
<br /> '� �mount wM�Nnl to dlsc R arpe t h e l i e n p l u s a n y G o s t s e n d u lt orne y s'teea or olher charpes lhal could�ccnH a�rNUfl d a ta�cbiun or
<br /> undM tIN�ustor sney n me Londortas ea elddletlonal Ioblipeo u der enY 6 u eh'bo d�ll�nlshyid In�h�i conNsf procNdrps l a q�nt t p llnsl tM
<br /> ,' Fi�pMty n.,t►he
<br /> � E�y�o p�p�yrt►mt. Trustor ehall upon Oomond luinish lo Londar salk�-Mdory evldenca ol psy�r�en1 ot th�tax�e or tSSessml�nb and shap _
<br /> � tuthorfz�«WP���ate povernmentnl oniclal to deliver!o Lender a1 eny tlRS a written statemeM of iM Ux�s�^d��s����� �
<br /> Prop�rtY.
<br /> • Npq��p�CpnqNCtlant ����Pr paertY��f any mechenlc'Stlen�,rtateilalmeneBllen,eot othK iNn ould!»��n�ss�Nd an�cCOUnt d th�� wak, _
<br /> � ��h�����Trustor w111 upon request ot Lender tumish to Lendctr edvance essunnc�s ulf�kt°°y�a UndK thtt Tnntor can�nd wiN
<br /> servlcN,or mltMi�b• .
<br /> paY lM Cost Of suCh Improvements.
<br /> pqppEpTY DAMAtiE INSURAMCB•The toYOwing provisions re�allny to Insudnfl Ihe ProperlY Pte�part of th7s DNd o�Trust. Ma��nb on�
<br /> F�int�c�of Inwmce. Trustur shall procu�e and malntsin polk:les ot fue�nsurance withln�anamou�nuMicNN to a`roid�PP�i�^°�t0y � .'� � T
<br /> r�y�certKnt btsfs for�he��n Insurnble velue coverin9 ail improvaments on Ihe Reni ProPe�t1► �rq��yp�q Und�► �
<br /> tabb to L�ndK and Isswd by� .,,,-_,L.:Y
<br /> rt�y�jaSO�ntb�ly requlre.wPolicies shalldbe wr�it en/n I�o�m lumounts±covs egeseand basts reesonabry ar�ceP �nd��
<br /> wfu not a car�eMa «dmlrain.d wlthout d '�'.'"-�,:--
<br /> ' companY or comW nles reasonab►y ncceptable lo Lender. Trustor,upon request ot Lender,w�l deHuw tu UndK kom��to������� ^.`��,tl y_
<br /> - p��dM ot Insurana In fam satisfactory to Lender,Includinp stiputallons lhnt cover�pes at tn y drtN __ __-
<br /> ` {wst t�n(10�d�Ys'Pdo�WdnOn not�e to le n d e�. E e c h I n s u r ence peG C f'81so shell Indude an�r►dorMn�nl provldk�0
<br /> • !IC►oA h1i�d�tM�TNSia �Y:`"
<br /> ���� �pa�mpaked in any way by nny act,omission or detauil of Trustor a any otMr p�raon• �3 h o u l d t h�R�d����u� ...
<br /> .t p�pm�loctt�d In sn area deslgnated by the D�rector of ihe Federal Emerpency Manayea�ent A�cncY�Sa tM rt�dum pdbY ����;,:=
<br /> T aprNy to pbWn tnd ma�nttin Federei Flood Insurence for the(uIi unpeld principal balance d tlw loon,up
<br /> d k�ss N Tnlsior `°g'��T
<br /> t�,��n�p��n�u�n�program,or as otherwise required by Lender,and to maintlin such insurtnCS lo►tls�Mrm d th� �' ^��Y
<br /> � npiw and taWn �r,-1
<br /> �pp��Of PYOGeds.Truslor shell prompny notiry Lender of any loss a damege to the PropeAYL���,:�!���� ,�,� Y�.
<br /> hlis to do ao wHN�f�s��+(�S)days of lhe casualty. Whether a not Lender's securfh►is�mPak�d��a�ny Nsn athcfln0 tl�P�o�� ` _�---
<br /> �, ; ��p��of tny Insur�nce end apply lhe P���ds to Ihe reductlo�of Ihe Indebtedness,PaY �y�a a1W��,a ,�r„
<br /> If Lender elects to aPPN the praceeds to testorntlon and roPalr� oof M fuCh�o�ndMun�PaY a
<br /> y nstat tl o n tn d ro P�i r o l t h e Pr o p e r t y. i;•,; �
<br /> ; a d�shpypd Improvemenb in a menne:se0sfactory to Le n der. L e n d e r s h t M,u pon satbhctory Pr
<br /> t r�l��uts�Tnish havs n 1 beee d sbursed then 180 deys efterihel eeco�Pl dndawhich L�nder t�s t!d oo+n�NtMd t0 tlM�a'ni�are�tlon.o •.�.
<br /> �' t In fuM d th�Ind�bMdn�a.auch ••:
<br /> � prooMds wNC . .
<br /> l����d��d�p j►p p��nClp81 balence ot the de ted ess.r If Len d hotd anY Pr Socoeds aHK paym�n Ini�nsl.ind th��N�inde�� � ,j:•. "
<br /> any,shW W aPD �' ,r,•,
<br /> �, prpoeads shaN be pald to Trusta as Trustor's Interesls maY aPPeBf• ,
<br /> ------- ��.._�i.L`!S��!!�nn�rN• .:.�;'„
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<br /> p�a��t a1!�e U9t9E!'S 5�l enor OlhOi�sttl9 hb d under�heip ovislOns O/lh 5r'DeBd Otl R��a����'�"'°�"'t������by' x, :��%'
<br /> beiow Is In Nt�c1,comPl��wtth � �
<br /> � �q with Existinp Indebtedness. During the period In whkh a�y�xistinp Indebtedness d�se+lb�d �������
<br /> - f ������ prmAslons contalned in the i�s►rument evldencing such E�dSting Indobtedness Eh�M ComYttiM�ort�pM� �a����
<br /> � ������hly paed ol Trust,to the exte�t compliance wlth the terms ot thts Deed of Tru�!W�d�a dupYca �
<br /> � roq�ir�nent. If�ny proceeds hom the insurence become payable on Ross,the provlslorn In this OMd W Tnul lo►du18a►of D�o�s�
<br /> �pp1y qMy to th�i porNon ot the Proceeds nat Oayable to tho hdder of th3 Edstinp IndebtsdMSS. �lo��n��� ' .,,
<br /> ����g pY�R. If Trustor(afts to comply with any Provfslon of this Deed of Tn�st,Includtnp snY ol�Yp� �` ;,•,
<br /> ,� M �mouM Ihd L�nd�► :.
<br /> I���In 0�Trustor6 behaltQmayabul shel�iot be eequtr d 1.�a ennY actionr tlut Le�WdMms�PP���� s��M the
<br /> Prppwty,UndK on
<br /> . ucpends In ao 6otn0 w��r inieres 58t ti o�Bwillp(a)be Payab e o'n de�mend,(b be added fo the Wkno�bd th�NoMt and a M�ppatlaNd���
<br /> Vustor. A1 iuch sx(»�es�at Lender oP .
<br /> tnd ba pay�bN with��Y�nstoNment paymants to become due durinp either (i)me term ot any�ppMC�bM Insunnc�P�Y a n�����
<br /> " of th0 NoM�o� la��^�81The�tWhu Provlded fo�entlhls Par 9raPh ShAU batl eddl�tlon t0�Y�t��0���MIMd1M O IMNCh�M1dK rt�NY a ,�.
<br /> ptym�r►t of IAOS� � 1
<br /> mtip�d on aocount of the detnult. Any such action by Lender shaii not be consaued as curinq 1M d�hult so�s lo bu L�nd�r kom mY n�'�dY�t
<br /> . . u othwwFSO wouid have had.
<br />-- WApqµTy:p�FElISE pF TI11.E. The foilowing provis!ons relaUng to ownersNp of the PtopM11��ro�Dar:���a��a��and
<br /> " T1iN, T�ptor wartanis that: (a)Trustor holds good end markelable titte ot reCad to tlw PropeAY
<br /> �umpq�e other thnn those sel torth in tho Reat ProPBrtY d�°tepd by,Lender i ECOnn�ectlon with thb_Dpsd d Tr��� N1����
<br /> yy��qt,or Arul titfe opinlon issued In favor of,end accep __
<br /> ''�� , :' � �M�ppyyK,a n d t u l h o r i l y t o e x e c u t e a�d deilver this Doed of Ttus! to lender. ��
<br />_ �_ •.�``�' D�Nnw Of Tide. Sub�rt�to tFi►e'excc ePenf enly aCption orr�proce9dirp isscommenced lhat ueitlo�TNStO�'s IIM or!ho IM�net ol T�nu1M ar
<br /> , _- kwhil cWma of ah P v In tuch
<br /> �����r�hls peed pt Trust,Trustor shall defend the acllon at Tmstors expense.Truslor m�Y b�tM nominU paAy p���'b�
<br />- �� �n�ahefl W entltledu�Po be delivered,lo Lende�risuch Instruments es Lender'mty request Oh m tlm�tcu�10 permil strch P�rtlC��� �-�-T
<br />- Ttustot wIN dellvK,or ca wilh aA�odstlt►�appYc�b+�,eavl. .�.�,�_-°�- ,,`
<br /> -_ �� yy�m�„�y�, TrustOr werrant3 th31 Iho Property and Truslor's use o1 the PtOperty COmpif6s _=�^�.�,�
<br />= � .. � ��,;
<br /> o�dintnqs,nnd regulatio�s of governmontel aWhodties. ,� -:.�.�,,�,-:
<br /> p ._:ti:yry�L.
<br /> : • ; f . D(ISTiNti tMDEBTE[)NESS. Tne foliowing prov�s�ons concerning exisUng Indebtednass(t�e'E�dstinp Indebtedn�ss'7�n 1�Dut o�this DMd of r.14:�.,r' '
<br /> Trust. ,Vi- s._.......
<br /> ;�: .. ��
<br /> ��. , .1�:i�r
<br /> - r r'�.'� pdqM��I�n, Thg Iien ot Ihls Deed of Tiu51 securing ihe Indet�tedreess may be secon d ary a n d�M�l o r t v��a�d S ti�D�• T�ta�� •;
<br /> � to a,or see to Ihe peyment ot,the Existing Indebtedness end to prevenl�ny deliult on euch MdM�l�dtwss�anY A�1tt� :,�;: . ��` �,:,;,;..,
<br /> i • j Cownanb and aprees P Y ; . .
<br /> u��M�nsWrtfenb evidenaing such Indobtedness,or eny detaull under any securtly dooumenls(or tuch Mdebt�dMS�. c•
<br /> � � p�{�utt. If tM pnYment of any tnstallment of principal or any Interest on Ihe Exlsting Indebladnes�1s not mad�w1�M�«n�►'���by ths
<br /> ' f noN s��d�sd�9 suCh Indebtedness,or shou�d a default occu�under the Instrument Securirq suCh�nd�bMdMa and nol b�Curod durinp any
<br /> � i �p��oyiy��t►�re{n,then,at ihe optlon of Lender,the Indeblodneu seoured by thFS Qe�d M Trust shlii b�cor+��mrt��►d�
<br /> and paynbie,�nd thfs Deed of Trust shall bo In dotault. t whlch
<br /> , �,�p Mpd11{�atipn. Trustor shali not enler inlo any agreemenl with Ine hdder of any mortpa4e.deed ot truSt,a othK 6astxNY�pr'sM�M�
<br /> � . ��°�o�����u,o,o�sp.c�ty or accenl e Yr fu uee�ad a�iices under any such sec�aproamsnt vAthout th��w�tMn cor�s°���
<br /> • - ,--�. •
<br /> :__ � �enow. �.v��...a......._...._. .__ . --1 • �
<br /> � Lender. �
<br /> CpNDEMNATIQM. 7he following provisions reie8ng lo condomnallon procaodir►gs sre a paN of thM1 Deed of T►ust. �by�ny procs�d��a �
<br /> App�ycNbn of Net Pro�eeda. H all or a�Y Pa�01 tne ProPe�Y�s rnndomned by eminent dem�ln proceed�fo�lh�rwerd be�pplMd to the
<br /> purChase in Yau of Condctmnation,Lender mey al fts electlan requtre thal all or any porUOn of the net proceeds
<br /> ���p�ne�s pr ihe repalr or restoration of tha Property. The na1 prQCeeds of the eward shall me4n lhe awud:�iftK paY�!1M�a���
<br /> ��ps4s;�xpdr�e,and flttorneys'fees InCUrred by Trusteo or Ledder In conneCllon wtlh the Conde�i�aUon. •
<br />—� prp�y�d{rtq, I}any procoeding In condemnaUon Is(lod,Trusta shnu prompHy notity Lender In writlnq,and Ttustor sIW�P�o�WL����
<br /> _ s�p�t u m�y be necessary to dotend lho action and obtaln lhe awnrd.Truslor may bo the nomina�pe�ty In s��ch proCMdinB� -
<br /> b��ntllkd lo paAiclPate In the proceeding and Io be represented in Iha procoedinp by counsel of lls own Chota,�ns Trustor wIM dMiver o�
<br /> - cau�e�p be deNvered to Len der such Instrumenls as may bo requested by fl Irom timo to time to permN suCh piAidpadon•
<br /> _. tees�nd chuQee RPO a�perl o�f�lhls Oeed ol T�r�s�S BY GOVEaNMENTAL AUTHOa1TIES. The foMowinp provtsinns neltUnp to povamm�nW ta�s.
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