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<br /> `, , , DEED O1F TE3LDST p P�88 3 .
<br /> . , . ! - oa—�e��s�a � --1�',1�12 -
<br /> . , . Loan Na 655GI0 (Cor�ttnue� �A � � �
<br /> ' Sft�an I1�daYg�r the Gen arises or.lf a U9n is aed.wfthin SResn(15)dalFS atEer Tn�r has notice of U►e fiGng,SecUre ttt8 dlsd�ac8e af ttte
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<br /> ` Den,ar H cequested by Lender,deposit w9h Lsnd�cash cr a st�Qiderrt eorporata stuety�ond or afher sec�uiiy�ory to LenQ�in an . . ..
<br /> , amau�sniBt�etd to�Be tha Sien Ptus en1►oos�end ettomeY}tees ot other chBB�Ma!co�dd acaus as a�ult ot a foredosurB or sate .
<br /> 2 ' unQer ths QBn. tn arry eosrt�t.Tntstor stisfl defend�e1!and Ler+de►and shaU salistY�Y��ludgmsM befare eidmoement agai�t tl�e - � `
<br /> • . Prppedy. TruStor sAaO name Lender as an addItional abGgee under ar►y suretY bond tumisAed in the eontaSt ptaceedings-
<br /> ` � � Evidena ot PIIymenL Tnistar shall upon demand fumish to LenQer sa�actorY e+Adence of payrment of tne�wes ar as�neMs ertd shaA �` . ; .
<br /> euthari�tRa&PD�Drtate gmr�nmerdai aNide!to dei[ver to Lend�at arry tlme a wr�ten statemertl ot the�Oas and assessmerds BpEIru1 U[e
<br /> Pr00l�riY• � .� � � � .
<br /> - ° `• ttatiee of Cor�uetton.Tnutor stieU notity Lender ei leaSt fift�n(15)days 6etore any work is commenced.enfl seMces are tu�ntsRed.or arry � , � ,
<br /> ` matarieta are suppL�ed to the ProDeAy.if e+►f►mechantcs Qen.materfatmen"s Gea a olher Qen coutd be asser�d on aoeaurd o!fh�work
<br /> . '� =" •� se�,or materieis.Trustar vr�i upon request oi LenQer tumtsh to Lender advance assuranoes salisfadory to Lander that Tntstor can and xrID � • . � ', ,-
<br /> —- -•—�', D8Y tds cost at such Improvemants. �• __ .
<br /> • �' P6iOPSaTY DAMAti�IHSliHAMCE The(oIIowtng Provisions re�tin9 to inswin9 the ProAeRY are a OaR of thls Oeed of Trtut
<br /> 69�lntenenee of tnsurm►ca. Tnstor shell pcowre and mat�ln PoGaes of fire insurance wHh standerd e�dended covare9e endorsemerds on a � ' � �:
<br /> �facemerd besis tar!he Wil ins�e value cnvering ail tmprovementa on the Reai Rmperyt in an amourd su8icient to avotd appGcation af arry _ ` ��.._.
<br /> cahswanoe da�tse.and wfth a standard moAgagee dause fi tavar of Le.�Qet. Tnutcr shall atso procure end matcdain compcehensive general . ° -
<br /> Eer
<br /> • ' ' fiabTRy insurance in sucA covera8a amauats es Lsndet maY�e�'�witli trustae and Lender bsieg named as add�tional tnsureds fi sucb 6abifdy► -- .-.. ,.�`
<br /> � irtsuranea polL�es. Additlona¢y,Tnstor sha0 mairdain such other insurance.indudfng but nat Gmited to hazard.business IntertupUOn,end �",t�� ,•
<br /> ', ' 0o�7er insurance.as Lend�mey r�easonabty require. PoGCies shall be writtten in torm,amourds,caverages and ba�s reasonaby aooeptabfe to ,.� :�..:.
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<br /> � Lender and�sued by a comDanY or campantes�easona0lY&oceAtabl�to L�der. Tmsd�r.uAon rflquest ot LendBr,wiU detiver to Len3er hom �. , . _�_
<br /> � Efie t�6tma the poQc�es at oertiflt�tes of instaance in fotm S�SteCtcr!►to Lender.ktdu�ng sBpuTa9ons that eoveteSes wm n01 tte Cetio2lled cr • • � �,,,,:.,"
<br /> dimintshed wfthout at teast ten(10)days pdar writien notiee to Lender. Each ir�s�mance paOCY a�so shall indude an endmsement provfd"m9 that . . � ..
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<br /> � ,' -` r co v e r a g e in tavor W Lender vnA not be i m patred in anyr wa9 bY enY ad.omission or detaull ot Tna�tor ar erry otAer p�son. SAoutd the Real . - - ._
<br /> � PmpeAy 81 any dme became located in 8n erea destgrmted 6y the Oireetor at tha Federal Emergen�gr ManaSement Agency as a�edaf flnod � ��-=%
<br /> � ha�ard acea,Tiustor egreas to obtaln and rtisirtlatn FeQeral Flood tr�sutance tor Ui0 fiill unpatd prtncipal batance ot fhe loan,up ta the maodmum ,
<br /> - ' poGcyr Qmib set unCer the National Flaod Iraurence Pra�am.or�s othenvlse req�rired by Lsnder,and to mai�fatn such irtsuranee for tAe t+arm af ��:
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<br /> • � Aypficatton o!Ptaeeeda Tnrstor shell promptty no5fy Lender ot arry loss m damsge to tha Property. Lender may make prool ot loss N Tnstar , .,�,.:.
<br /> � ta�73 to Qo so wrtNn 5fteen(1�days W the�ssuaiqt• Whether or not Lender's sectuit�l is impaired.lender may.af fts elechon,receive and reffiIn . `• ,`,°a
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<br />;F . the pro�eds ot arry h�urertce 8nd eDDh►�P�to the reducHon ot tRe indebtedness.VaY►aent ot anY aen aftectlng the PropeAy.ot the .----— ��
<br /> restoraUOn and repair of the RrapeAy. It lender eiects to eppry the pmceeQS to res�raUon and repair.Tnstor sfiali repeb or ceptaae fhe
<br /> ;5. • damagad ar Qestroyed improvemenb in a manner sa�sfactory to Lender. Lender shsA.upon sa95lactory prioof of such e�end'dure, pay or . . �-,��
<br /> � reimburse Tnistor trom ihe prooeeds fat the�easonable cast of repair ar wstoratton(f Tnstor is not in d e f a W t urt der t h E S Oee d a t T n i s t. M y .��`�,_ .
<br /> � •� prooeeds vihich have not�ean dLs�ursed wffhia 180 days after theU receipt and which Lender has not commflte0 to th�repalr or restora5on of ^��;:,
<br /> •« ' � the Properly shall be used fast to say anyr amcunf owing to Lender under this OeeQ of Tiust,tAen to pay acaued intm¢st,and the remainde►.H �;,:. `�
<br /> � � ' ecry.SAall be 8ppffed to the princfpal belac�ce ot thB Indebtedness. If LenQer holds ecry proceeds a8er Palm�ent in tu0 of thg Indebtedn�s,auch ,„ ,,�.''.—�1.,
<br /> p r o c e e d s s h a t l be p a l d to Trus t or a s T r u s t o t s i n t e r e s t s m a Y e p P e az. __ t�. .�s t.
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<br /> �� tMe�cpired Insuranrs at Safe.Any unexpirad iru�aance shaU iniue to the benefit of,and pass to,the pun:haset of the Properly cavared by thts • �' . •—�-•
<br /> .•,�_ . Deed of Trust at arry tn�tee's sata or other sale hetd under the provlsions of tNS Ose d o f T n s l,or e t arry fa r e dasute s e le o f s u c h P r a p e R y. ' ��� ���_�
<br /> , T�ustaPs RepoA on tnsu�ance. Upon request of Lender,however nof more than once a year.Truster sha0 fumisA W Lender a repoA on each . ����
<br /> `. e�dsUr�g poGcy of frtsurance showt�g: (a)fhe name of the insurw: (b)the clsks Insured; (c)the amouM of the poQcy; (d)the property IrtSUre�. �, . • �' �:<
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<br /> �� � •• ° ihe t�en curterd replacemerd vatue ot sucA propeAy,and th�manner of detertniNng that vatue;and (e)the e�heUon date ot tha poQcy. `' '..� ���_;
<br /> Trustor shatl.upon requesl of Lender,have an independent appraiser saUsfactory to Lender determine tAe Casb value teplaeemant cast otthe �,;"�;:;,;
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<br /> - . O�ENDiTURES BY LE7IDER• �t Tnutor laits to comply w(tt�arry provision af ihis Deed ot Tnx�l,or tt any acdon or procaed(ng is eommenoed that , ;;,�'_
<br /> � woutd materiairy af(ec1 Lenders interests In the Property.tsnder on Trustor's behalf mny.but sNa(1 not be requfred to.fake any actlon ttiat�enQer �,r �;
<br /> - ctearr�appcoprlate. Any amouM tAat LertQer e�ertds io so doing wi0 bear inlerest at lhe�ate provlded tor in the Note irom the date incurred or patd '``�"`� = - -
<br /> • � Dy tender to the date ot repaymenl by Trustor. M such mcpenses,at Lender's opUon,will (a)6e payabte on demand. (b)be added to the baiance •;�"R,; ;�-�i�_
<br /> � of Me Note and be appordoned among and be PeY�le wlth any instellment paymerds to become due duHng either p)the term of arry apO��bie �•:;�r'
<br /> Insuranee poliey or pi)the remaining term of the Note.or (e)be treated as a baitoon payment whieD wut be due artd payabla at the Note s maNr(ry. � • °-
<br /> •-t This Oeed Of Tnut a(so wiil secure payment of these amounts. The dgh�proviQed for in this peragiraph shall be in BddiUOn to 8ny other rtghLs atstry � ...�.::�
<br /> � . ` remeNes to whicN Lender may be entlttad on account oi the Qafautl. My such acUon by Lender shaD not be construed as curing the defatdl so as to . , �
<br /> . .� ber LenQer from eny remedy ttiat if otherwise would have had. ' '�x`
<br /> ' t WARAlINflI;OFFF�ISE OF TfTLE.The lonawtng provisions relaUng to ownershtp ot the Property are a part of thb Deed of Ttust. '.?1M.:
<br /> � i� Tttle. Tnulor wenants thak (a)Tnutor holds good and martcetabie UUe of record to the P►opedy in fee simple.(ree and ciear af aA Uens and , � .��-�
<br /> t encumbrances other than those se!foM in 1ha Real Propedy QesalpUOn or in arry tiUe i�nce poRcyr.iHfe�eport,or firtat titte aplNan issued In • �.-
<br /> - favor of,and aasDfed by,Lender in wnnaCEon wilb thts Oeed of Trust,an0 (D)Ttustar has the full�tgAt,power.and authodty to exeCUte and _ ,
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<br /> ,� . ,� dettver thb Deed of Trust to LenQes. � � ',�' �'
<br /> OOfenso of Titta. Subjoct to 1hB excepUnn In the pare�aph above,Trustor wartanb and wlll torever defend ihe iiUe to the P�opeRy againsl the
<br /> >` � IaYRW ctairrt�of atl persons. In the event any adlon or proceemng is commeneed that quastlo�Trustofs titfe or fhe Interest of Tnaste9 ar . • �
<br /> ;. � � Lendar under this Deed of Trust,Trustor shsil detend the ectton at Trustofs e�ense. Trustor may be the nominel parly tn sucb pra:eeding,bttl
<br /> , �,•� Lender Shail be enUUed to pertidpate in tAe proceedirtg end to be reprasented in the proeeeding by counsel al CenEers own chotee,and
<br /> Trustor wiil del'iver,or ceuse to be delivered,to Lender such Instruments as Lertder may request from Ume t0 Ume to permit such peNcipaflon. �
<br /> ;, �.�' Compitance With Ltiwe. Trustor wananb that the Properly and Trustors use of the Properly complies witff atl e�dsUng appltcabte laws. �
<br /> . ordinances,and regutatlons of govemmenfal authodqes. .. •
<br /> �� i CONDEMNATION. The following provtsions�etaung to condemnaUOn proceedings are a part of this Deed of TrusL � � .
<br /> ..���i # Appltcatton of Net Proceede. H all or any part of the PropeAy is condemned by eminent tlomaln proceedings or by any procesding or . .
<br /> ; • purchase 1n lieu ot condemnaUOn,Lender may at Its election requlre that all or any portlon of!he nef pro�eeQs o!the awerd be eppUed to the
<br /> ;,, 1 Indebtedness or the repalr or restoratlon af the PropeM• me net proceed9 of the eward sAail meen lhe award after peyment o!all reasonabfe ,
<br />- ' . i costs,expenses,and attomeys'fees�ncurred by Truste9 or Lender in ConneCtlon with the ConQemnBUon.
<br /> �( Proceeding9. I}any proceedirtg in condemnaUon ts fiied,Trustor sneil prompUy noUty LenCer tn writing,and Trustor shall promptty take such : . . .�
<br /> � stgps as may be net:essary to detenQ the acUon end obtaln the award. Trustor may be the nominal paAy in sucA proceeding,bul Lender shall
<br /> , , be enuUed to parUClpate tn the proceeding and to be represented in the proceeding by counssl of its own choloe,en0 Trustor wul deiiver or
<br /> • cause to b9 de�rsred to Leoder such inshuments es may be requestad by R bom Ume to tlme to permit such paNcipallon.
<br /> � IMPOSfT10N OF TAXES,FEES AND CMARGES�Y(iOVERl�I'dENTAI AUTHOARIES. The loltowing provislons retaUng to governmsnfal taxes, � � _
<br /> � �� � fees and charges are a paA ot 1Ais Oead of Trush . . :
<br /> •s,; . 1 CuRen!Tmce9,Feee and Chargea Upon requesi by Lender,Trustor shall execute sueh doeumenb in aQdition to tAl9 Oeed o}Trust and teke
<br /> � � � whatever other aCtlon is requested by Lender to pertect antl conUnue Lender's lien on the Resi Property. Trustor snatl relmburse LenQer tor aii F , ..
<br /> tezes,es descdbed below, together wifh all expenses Incuaed In recording,pertec8ng or tontlnWng this Oeed of Trust,induding wilhoul �
<br /> .,; j Iimitallon atl texes,fees,doeumentery Stamps,and other charges tor recording or registering this Oeea ol Trust. ' . �
<br /> � Tmcea The toltovring shall eonstitutb taxes to whlch this section applies: (a)a speciflc tax upon this type ot Oead ot Trust or upOn a11 or Hny
<br /> . ; paA o}the Indebtedness secured by thLa Oeed of Trust; (b)e speciflc tax on Trustor which Trustor is authorimd ar reputred to deQucl from �
<br /> payments on the Indebtednass secured by this lype al0eed of Trusl: (C)e tax on this type of Oeed of Trust chargeaD(e against the Lender or �
<br /> the holder of the Note;and (d)a speciflo tax on all or any poAlon ot fhg tnQebtedness or on payments of pdnclpel and interest maQe by
<br /> ,<� � Trestor. � .
<br /> Subsequenf Tmcea I}any tax to whlch thls secUon applies is enacted subsequenf to the date ot this Oeed of Trusi,thls event shall ha+re the '
<br /> � same efteci as an Event o}Oefault(as detlned below),and Lender may exerolse any or ell of its avaitable remedles for 8n Event of OefaNt as � ,
<br /> provided betow uNess Trustor either (a)pays the tax betore it hecomes dellnquenl,or (b)contesb Ihe 1sx 89 provided above In the Te�ces and i . .
<br /> uens section and deposits with Lender cash or a suNielant corporate surety bond or other seeurtty satistactory to Lender. I �
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