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<br /> .. � _ �oan t�t�ss�g3a (coMinue� ��—��'i�'SS�� �`. t •`. t,, � '
<br /> . ' � 611�t Yo ConiCSt. Tn�stot may witt►hotd payman!of any tax.assessmerd.m ctaim In conrtedlon vvitl�a E►cad tattA dispute ovar the ab�Onttaan . . ' 'y.
<br /> � � �DaY.so long es Lertda�s 1ntExest in the Properly L�not jeo�ar�zad. B a Qan erlses ar�Qed es e res�t of nonpayrrtent,Tn�stof srisi!w!lP�n .-, r „
<br /> � fEteen I1�daYg�tAB Uen sitses cr.it e Hsn fs fCetl.wi1Nn fiReen t1�daSrs atte►Tnistor Nas no@ee at ths�ag.seciue fhs dLSCAerBe oi tRe ,
<br /> •-D� iien�m H reou5sted by lendar.deD�t witA lender casA or a suHtdent c�D�sutetY Oond or oUter�f►se�ador!►to lender in(3n
<br /> �� amou�su46dsM to dt�narSe the�n ptus anY casts and sttomeYg fees or atRm ahar9es t�at co�d aecrue as a r�iBl af a foredostus or sefe . .. 1 .
<br /> . Pa percy. Tn�stor�tl name�lenCei�asj an BdQ�h'onal�Bea u d enY�sureh�QMd�ftun�hed in�ttie@cjourt�pcoc�dlr+Bs. roement agaU�st the ' . .
<br />- . .. EvlQanoe ot Pallms�t- Trustar sta0�Don Qemar�d hunish to Lender satisfaetory evtderteo ot OaYmeN o!the�ces or assessmems and EtteO ,
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<br /> - . aNhorfxe the aPD�O�9�r�1 aftiGal to d�er ta Lender at enY dme a written sfateme� of tne�xas and assessmar�agatn5t tho .. . `
<br /> , , ` .. �Ae�Y
<br /> � � tVo@ee o!Coit8lnaeHOn. Trustor shell noti[y Lender at Feast fifffien(1�days befote enY work is coinmanoed e�Y��are turtushed.cr a�ry � _
<br /> t- — - mal0slsls are saAAtied to the Property,B erry mecl�anids(Sen,rt�slertehnen's Gen,or othpt�n coWd be s59erEed on aaount of the work. � .�. __
<br /> � -_ -- - -- s�vfo�,or materiefs. Tnstor wW upon request of Lender fumisfi to Lend�aQvanoe ass�anoes saEFstBCtorS►!o Lendei Utat Trustor Cen 8n0 ti+rffi .-,-._ ---
<br /> ;` .` pay tAe cost of such tmprovemer�. ' .
<br /> �:•;. : , ' : PROPFATY�A!#At�IHSliRAlICE.The toQOw(ng pro�sta�reta�tng to iaswing the PiopeAy ere e peA of 1hES Qeed c!Trtst. •_'
<br /> -�: , �o!Insf�toe.Tcustor sheD pracure and mai�ln Da6des af Bre insurance w(th stsndard e�anEsd e�+rerape endorserrterds on a ..' ;,-F
<br /> r._ •. . ` j r�eplacement ba�s t�tha tuD frisuiabira vatue e�rerfn9 aD��prova�e�.s on�e Reai ProAe�Y[n ar�emourd suR�te�fo avoid eppti�n of enll . .
<br /> •�� , cdnswenoe dausa,and witp�s�endsrd mor�agee dause In favor at Lender. TNStar st�a0 also Procvre and mairdsln eomAreAen5lve 8eneral
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<br /> � ` UebAttt!�tn s�ch caversge amou�s as Lendsr may re4usst w$h trustee and Lend�betng nemed as add�anal tr�sureas in such UebIDry . ,
<br /> s�� . . , truurac�ce 9�. AdSdtanal3Y.Trtcstor shaii mainta►n suc4�amer ir�uanoe.U�dudfng but noi Muted to hamr0.business t�8ort.and � . �
<br /> ;:,- _ � , i bot�er Insurance.es LenQer maY�nabry raquUe. Po�des sha0 6e v�ltan in form.emounb.covereBes and hasts reasona6N e�P�to
<br /> �t.�. • �� LenQar and Lgsued by a campany or compaNes neasanabry accePffib!e to Lender. Tn�star.uDOn reqt�t of Lender.will defivet W LenQar 4rom ` `'.,.�r:
<br /> � , time to Eme the poQeies or certiflcat�of insurance in torm sa�slactary to Len d�.induding sdpufatians that eaverages vrm not De cartceIlad ar , - '---
<br /> •, es
<br /> `• �minkhed without at tea51 ton(10)da7l�p�ar wrEtten naHce to Lender. Each ir�suranoa poGCY eiso shall indude an enda�sement provtdin9 that "`.<�..-
<br /> .;�,:: 'M1 F coverage in tavar of Lender wiD not be tmp�ihed in any waY bY arry ad.amission ar defa�dt of Tnrsta or a�ry other persan. Shoutd fAa Real i. -
<br /> .�; , prppeKy at any time heeome[ac�ed in an erea desi8nated by the OireGor of the Fedgral Emecgertcy Atanagement Agaacy es e spe�l Rood , z_
<br /> ': hemrd erea.Trustor agtee.s to obtatn and mainlafn Federal Flood tnsurance tor the tuU unpatd ptindpal betanCO of the loan.uP to th9 ma�dmum . `_ . ....-
<br /> ;�-'�' •• _- paGCy Qmiis set unEer ttie tVaHonai Ftood Insurance Program,or as oiAerwise reqWred by Lender.and to malnTein such ir�urenc6 tor the term at - . �.:;.., ._
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<br /> l�piLtatlan ot Praeeeda.Tn�st�shaD Dro►r�pEy►na6N tsnder ot eaY Iass or 6ama89 to tha Pra��rtD• Lend�"�aY�e OroCt atras,s I771vsirn � � ,...
<br /> �',� ia�s to do so w�3T.n 8fteen(15)daYs of the cesuettY.NfhelAer or crot len�s sacwRf►is impaired.LenQBr rt►aY.at its eteCttOn.cec&ive and refaln _.,- .�:_='�
<br />= the pmaeaas ot e.zY�r�surence and e�C N�P�e e d s to t h 0 r e d u c H O n o f t h e Ir3ebtedn e s s.Da Y m ent of srry Gen eHedtn9 th9 PtoDerlY.or the . , s�,:..
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<br />-°%%`� .. �estara�on end�a1r of t�e Ptoperiy. If Lender e►ecb to aPD►Y Me prooeeds b restoraUon and repeir.Trestor sAall renaU or cePfaca the , . �
<br /> �en
<br />`�+. ' a1amr3$ed or destroyed Improvements ia a menrter saUsfac�ory to Lender. I.snC�shall.upon satisfaetory Proof cf stsci�m�en�OaY a . .••'��l�
<br /> .t`: .� ra.-cbwse Tnator irom the praceeds tor the reasonabie cost of repatr or restora6an it Tn�stor is not in default unde►fNs Oeed W Trust Arry ` `
<br /> p,�oceeCs wtucn f�ave not been�sbursed w�tNn 180 Aays afler ths�r r�t and whtch Lendsr has not commtttad to tha rapatr or ragtoraUon ot � ���`-.��.
<br /> :�`'. . '{ tt�e Prpperty st�all tre used first to pay arry amount ov+in8 to Lendar urtder ihfs Deed of Trust,then tO pay eo�xtted ttderesl.and the remeinder,H : ,,�,:.�—
<br /> o xa ara^
<br /> arry.stiaU be ey�d to the prinGpal balance of the InQebtedrress. If Lendet holds any Praeeeds after paYmBM ln WU of t!�Ind9htedrtess,suCh ,;;�`��.
<br /> , . ptoeeeds shaD Ga paitl to TnisKa es Tnstor's irtTerests maY apPear• ,' �°
<br /> ? i Unexplre0lnautance el8aie- u�y unexPneO insurance sha111niae to the benefrt at.and pass to.the purct�aser of the PtopeAy coverad bY Ws �- -�
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<br />�',•:'; Oeed o t T r u s t e t am►b u s t eB s s a t a o r o t h e r s a l e h efd under the p rovisions o!this Oeed ot Trusf.or at arry fosec�asure sela of such iiropBAY . . �*_�
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<br /> `�+ ' Tntstor's RepoA an In�uteitoe.Upan request of lertde4 however not more tfisn once a year.TnsWr shaD Nmish to Lender a repor!on eaCt� . .� �rx"`�
<br /> � e�d5tlng paQcY ot insurance showhi8s (a)the name ot the inswer. (b)the►isks i�ure� (e)the amourd M the PoUcy. (d)the Proparly I�SUred. ; �Tr'
<br /> ' � �� the then c�ment replaoement value of sucfi propeAy.and the manner ot detertnlning ttiat valu9; and (e)the eo�hatlon daffi ot ttte pottt9l. , _�r
<br /> � • � • Tn�stor sha0,upon requesl at Lender,have an I�depende►rt epDraiser sa6stactmf►to I.ender determine trte cesA vatue nepiaoemerA cost of the "�,-;,; .
<br /> : ' �P�l►. -`.`���-.
<br /> � ,'' � �_ . Ef��iTtJRES BY LQi0F1�. tt Tnutor fa�to comAh►���Y Pfafslon o}fhis Deed ot Tnisl.or N ar►y adlon or prcceading b commenced thal =_
<br /> . . . Ef . �-�--
<br /> ' wautd matertalN af1�1 LenCefs ir�rests in the Propesty,lender an Tnators behatl maY.bu!shaU nM be�equlred W.fake anY acUOn fhaf Lertder _�._
<br /> - , de0tru apptoptlate. My amounf that lenQer e�enQs in so doing wfll 0ear irder�t at the rate provided tar tn the Note from tt►e date incurted a pa�d ;��.-
<br /> � � by Londar to tha date of repayment by Trwtor. AU s�h e�anses,at LenQer's optlon,wt0 (a)be Dayebte on demanQ (b)be added b IA0 batanc9 • .-
<br /> � ot the Note and be apAoNoned among and be payable witA eny Insteltment paymBnb to beeome Qus duAn9 e8he► (f�the term ot arry epDllc�ble ;,,��
<br /> - ' insurano0 pollay or (U)the ramainin9 t e m�o t t A S No te.or (C)b e treated es e baUOOn paymerA whtcA wfD be due end peyabie et th9 Note'8 m9hu(ty. � r •-_
<br /> . This Oeea of Tnst etso wm sewre payment of tAese amounts.The dghts Orovtded tor in fhls paragrapb sha0 be in aQdtUOn to erry ather AgtAs or aey � `' . 3=
<br /> ,�;��� . • reme�es to wtUCh LenQer may be BntitleO on aoeount ot the detautf. My such action by lendar stiail not be construed es curin9 the detauri s0 as 10 : � �r�
<br /> .: � , �� bar L en Q er i rom a ny re m e d y l h a t i t o t h e r w i s e w o u t d have had. a
<br /> . .= WAiiAANiY;OEFENSE OF TITLE.The to0owing prov�lons retaUng to ownersAlp ot the P�operty are a paA of th190eed of TnuL , y�;�
<br /> - TIUg. Truslm werr8nts th8k (a)Trustor hotds good anA maAcetebte tltfe of record to iha Proyedy in fe0 simpie,fraD en0 CieSt o1 afl Uens end � ._ -
<br /> ,,,,;; � . , encumbrances olher than t�ose set foAh in tha R e a i P top e r t y Q e s c rt p U o n o r in an y UUe insurance paQ c y,fiHe reporf.or flnal UBe oplNOn i�ue�In , • .
<br /> � • iavor ot,an0 aeoeD�d by,tender in eonnectlon wilh tNS CeeO of Trust.and (b)Tnuto�hes the tuA dSm.Oower.and authority to mcecuta and
<br /> , � � , de¢ver tAlS Oeed o1 Tnist to Lender. � ,.
<br /> ' � Omtet�so Of YIttB. Subject to the excepUon in the paragraAA ebove,Trustor wartanb ana wID torever dafend the tHte to tAe Properly sgalt�t tt� � ,r
<br /> � • ' lawful cieims of e110ersons• In the sveM any acHon or praceeding Is wmmeruu�d that quesUorts Trustora tHie or the interesf of Trusteo ar • •
<br /> • lender under lhLa Deed of Trwt,Trustor shall detend ths actlon at Trustofs expenso. Tnistor may he tho noMnal party In suCh prooeeding.bN •
<br /> • Lander shaU be enUtled to paNdpate in the praceeding end to be represented in the prooeemrtg by counsel 01 LenQers own chotce.and . , • �
<br /> � Trustor wfll delfver,ar eause to be defivered,to Lender such insVuments as Lender may requesl from Ome to tlme to perMt such paRiGpaUon.
<br /> � 'r, � COrttpitatle0 Wlth IBwa Tnutor warcanis that the Properly and Trustors u59 af the PropeRy complles with ell wdsUng epp�C8bI9 taw9�
<br /> - - ordinanoes,snd regutatlons of governmental aulhoAUes.
<br /> ,�a COAIDEMf�AT10N. The tollowing proWStons reiating to condemnatlon praceed�ngs are a paA of thls Oeed o1 Trusf.
<br /> " �' AyplleaUon o1 Net Proeeeds. If all a any parl of ine P►operty is condemned Oy enilnertl domaln praceedings ar by any procs9dlrtg or , �� ;
<br /> . purcha59 in 00u of condemnaUOn,LenOer may at tts etectlon requlre that e11 m any partion of the�et proeeeQ3 of the eward be appiled to 1ha ,
<br /> • ' � indebtednsss or tha repelr or restorsUOn of tne Property. The aet proceeas of the award ste�tl mean the oward after paymant ol eA reasonabte •
<br /> ��:+` • spsls�e�ense9,and attomeys'taes Incurted by Tn�stee or Londer in connecHOn w1tA tho condemnaUon.
<br /> ' � ' Proee�Cin¢9. If any prooeeding In condemnatton b filed,Trustor shall prampUy notity Lender in writing,and Trustor shall promptty t�ice such
<br /> ' ffiaps as may be nec�sery to defend the actlon and obtain thu award. Tn�stor may bs Ihs noMna!pc�rly in such procaeding,bN Lsnder she0 , . _
<br /> � be onUUed to parNC�pato in the proceeding and to be represented In the procseding by Counsel of ib awn cholce,and Ttusto►w1U deliver ar
<br /> � . . aeu5e to be deIIverod to Lender suct�instruments as mey be requested by it trom dme to Ume to permit such parUcipaBon.
<br />' • � � ItDPO3tTtOW OF TAXES.FEES AND CHARGE9 BY GOVERfiMENTAI AtJTFiORITiES. The following provLslons�etaUng to govammental tatte9.
<br /> � � tees an0 C�arges ete e part ol thls Ooed of Trust:
<br /> • Currtsnt Ta�tee.Feea an0 Cfuugea UAOn requesl by Lendet,Trustor sAall execut0 sueh documenfs In additlon to this Dsed of TrLLSt and teke '
<br /> ' � whate�rer other action i9 requeSteC�y Lender to perfeCl and continue Lender'9 Oen on ihe Real Property. Trustor ShaU relmburse Isrtder for ell
<br /> 1e�ces,as d05erfied beiow, topether with ali expenses incunad in recardtng,peAeCUng o1 conUnuing this�eed of trusl.InCtuding v�ithout . •
<br /> . � . � GmitaUOn a11 tazes,tees,documentary stamps,and other charges tor recording or registeflng thls Oeed ot Trust. .
<br /> � �
<br /> . ; Taxes. The followtng shait coastitute ta�ces to which this secdon appt�es: (a)e specific tax upon this type of Deed of Trust or upon ell or any
<br /> ' j DaA of the In08btedness seeureC by this Deed of Trusl: {b)8 speciflc tax on Trustor vrhich Trustor is aulhori�ed or requUed to deduct trom
<br /> , j payments on the Indebtedness secured by thLs type of 0eed of Trust; (c)a tax on fhls type of Deed of Trust chargeabte agarnst the Lender ot � . .
<br /> the holder o}the Nota;end (d)a specific tax on a(I or any portlort of the tndeb2edness or on paymer.ts of princlpel and inierest maQe Cy .
<br /> Trosto►.
<br /> � Subsepuent Tauea I1 any taM to which thts section appifes is enacted subsequeM to the date of this Oeed of Trust,this eveM shall have tAe .
<br /> � � � same eHect es an Event of Delauit(as deflned Getow),end lender may exercise any or all of its 8vsilabie remedles tor an Event of 00fault fls t
<br /> •� � prov►ded betow unless Trustor either (8)peys the tax betore it becomes detinquent,or (b)conlests the tax as p[qvldaQ abov0��tAe Taxes and t : .
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