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<br /> ` ' •o2-a>>9�� DEED 0�TRtJST 9�—����a�5 pr�se g E . `
<br /> . � t Loan No 663955 (Cor�inue� ;'° . .
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<br /> � � interest of Lender under tNS Deed ot 7n�st,ezcept tor ttm�an oi texss and assessments not dua,w�cepf tor the extsttng indebtedness reterred �. �• . c . ,, .
<br /> . � _� to betow,and exoept as atherwise ProvlCetl in this Qeed of Tr�t. (C �.
<br /> ' � Rtgnf To Contxs4 Tnistor may�nnit�oltl payment of arry fax.assecsme�►.or datm►n connectinn with a gaod fa[th�spute over ine abdgaUon E� ��- �y�
<br /> � � to pay.5o tang a4 lendefs tc�re�t In ihs Properry ls not(eopartlimed. It 8 Qen etis�s or IS fited aS 8 resutt of nonp8yment,Tn�stor she11 withtn
<br /> . ,i fiRflen ft5)days 8fter the lien 8rises or.if a Qen is FJea.within fifteen(i5)days eftet 7rustor has notice a!fie 60ng.secure ih9 dLschar�W tAe `
<br /> . �: Qen.or it re�tt95ted�y Lendet.depostt w[tn Lend9r cash or e sui6denl caryareta surely Oond or other sewrily 581L5f8CtorY tD t�tdBf in 8n ,� .
<br />_ . j amcunt su�rdent to dFSChatBe the Uen plus any Wsls and attamey�t�es or otAe►chanBes that ea�d acerue es e tesult of a taredostu0 ar sele . . .
<br /> . •-{ under the Qen. tn any eantes�Tntstor sha0 defand itseit and tender and shal!sffitsy any►adverse jndgmeat bstore enforcamenl agalnst tha , . �
<br /> Y � Proyerty, Tnstor sha0 nsme t,ender as sn ad�tlanat obBgee under arry s�uety band flurUShed fn iha con0ast proo��ngs. .
<br /> E1rtQanse of Faymg�. Tnutor sha0up on dsmand fumL�h to Lender satisiactory evtdenee of paymen!of the taxes or assessmenffi end sha0 F
<br />__ ' - -� -� et�adm th9 approg;Late govemmer►tal ofBda1 tu defnrer to Lender at anyr Sme a w�tfsn sfateme�of the t�and essessments againsf t�e f - -- -
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<br /> -. . . Kotiee of ConsWCQon.Trustcr stia0 notity Lender at teast frfteen(15j dsys betore any�vorh b commenced.efi+servtces ere hurdshed.ar enY , :'`. � ; ,�.
<br /> y mataria�are sWOGed to the Proyerry.ti arry mechaNc's Iten.materlatmer�'s Uan.or other Qen couid be asseRed on accourd of ths work, - .
<br /> _T , servfoes,or matertats. Tnistor wiu upon request of Lender tumish to Lender advance assurancas sstistadory to Lender that Tastor can and wf0 ^�' `'
<br /> . pay the eost W such improv�meMs. _. .
<br /> ?.. �: � � �. PROPERTY DAlJWGE INSUAANCE. The foDOwing pro�isioro refating to ir�suring tNe Froperty ate e part ot thts Qeed of Tn�st. . ::
<br /> �=, , '' BdAlrrtenanee o!h�tnrm�se. Tn�stor shaA Proc�ue end maJntaln poiIdes af&e irstuence vtfth sffin0ard e�dendeQ caveraBe endorsemerds on 8 " ` �` . _
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<br /> repfacement besis for the fWt insmahte vatue cov8rfng sU ImprovemenTS on tAe Real Prop�ty in en amount Suf�Cfent to avofd appRt�flon ot 8nyl ,t , :
<br /> 7^: � • coirmuanos cfause,end wilh a siandard mort9agee dauae in favor of Lender. Tnntor 5hat1 eLso pcocure end m9tr�in compreher�ve general . . •
<br /> : Gebitity Ir�surance(n such coveraga emounts es Lender may request w(ih truste9 and Lender 6eing named as add'�Hanal insureds in such QabiGly ;. • '�-"
<br /> �� ' . insurance pattcies. Addtionaity.Trustor ShaU mairAaln sw�f other insurance,induding but not Hmfted to hatard.bustness irdertupSon,end +.�."t :.+��� :
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<br /> ? . 6a�Ter insurance,as Lender may reasonabty requhe. Po�ctes sheU be written in tarm.amoung,eoveraSes a�d basis reasonably aoceptabte to , :—
<br />:j�..' . LenQer and issued 6y a campan7 f or compaNes reasonabry acceptsD►e to LenQer. Tn�tor,upon request of Lender,wJl de0vet to Lendsr irom `,'. =
<br /> 4 • time to bme the poUCies m ce�tifica�s ot Insurac►oe in tortn se�factory to Lender.indud'ing stip�atimis tt�af covarages w�l e0t bB canoe�ed or .. `
<br /> ��`�• dimiNShed wiU►aut af least ten(18)days prlor written nodce to lender. Each fnstuance paGOy atso shaD inctude en endrnsement provi�ng tAat �, :. �` _.
<br />-iR�." � coveraga in tavar of Lender wll not be impaired in arry way by arry ad,omission or defauit of Trustor or atry ofher persoa Sho�d the Real r �•. : .. :,�Y!h�'
<br /> r Properry at any time decome lacated ie an area designated by the Dhectrnr ot lhe Fedarat Emergency Management Agency as a speclal ftood , <.���.-
<br /> '�'� ha-�rd area,Trustar agrees to obtaln and malntain Federal Flood Insurance tor th0(uD unpaid pdnClpal6alance o!1A9�oesf.uA to the ma�dmum , , e�;
<br /> 2 . , poUeyr Omits set unQer the National Fload tnsurance Progtam,or as ofiervvlse required by Lender.and to meir�ln sueh insuianoe for the term of f -- ,_
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<br />,.;i-, Appllea4lon o!Pmceeda Twtor shall prompfry notify Lender of eny Ioss or damage to the Property. LenCer may make proof of loss if Tcustor . ` '" `�•R
<br /> ';�,> ' faiLs to Qo so wJthln fiftean(15)days of the cesualty. Whether or not Lender's securily is Impaired,Lender may,et its etectton,recetve and reialn '��'•��
<br /> - the proCeeds of any insurance and apply the proeeeds to the reductlon of the Indebtedness,payment of any lien etfeCting the Property,or the � ,'' ''
<br /> . . restoraUon and cepahr ol the Praperty. If Lender eteds to apAly the proceeds to restoraflon�nd repaU.Tn�star bhalt repatr or rep�ce the � ��r;,`
<br /> �,�: damaged or Qestroyed Improvements In a manner saUStactary to Lender. lendar shaU.upon saUsfactory proof ot such expendihae.pay or - - � �t
<br /> �' reimbiase Tru,tar iram the proceet�tor Ihe[easonabie cost of r�aU or restora8on H Tnutor Is not in defaWt under thls Oeed of Tnst. any °''�.—���
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<br /> precacds whtct�Nave nat been Qtshuised wlWn 160 days eftsr the�r recelpt end whleh Lender has not comm(tted to the repetr or re5taraUOn of � ��,,..�°
<br /> tAe Properly shall be usea fis4 to pay aml amaunt awtng to Lender unEer tNS Deed of Tns1.tAen to pay aCCrued iMerasf,and the remalnde►,if .. ,.:r�_
<br /> ;��`: arry.shall ba applled to the prtndpal balanes of tAe tnQebtedn�s. It Lendsr�atQs eny proeeeds after paymem in fu0 of the MdsOtedness,suet� . 'r;r':_ai__
<br /> ' proceeds shaU be patd to Tn�stor aa Tnistcrs Inlerests maY ePPea►. . ` `.,�v`�
<br /> � . lfie�Ued Inau�ance at Sate. My une�fred Insurance shell inure to tne Oenefit of,and pass to,the purchaser of the P�ropady covered by 1Ns , •� �u_
<br /> .'��,r ., � Deed ot Tnut at eny truste0's salo or other salu Aeld uader tho provlstons ot tNs Deed o1 Tnuf,or at any furedo�ure sate of sucb Proparly. • �`� �:
<br /> - � CompUanee wltM ddsttng Indebtedness. Ouring the Dedud in wlUCh any E�dsUng Indebtedness descAbed betow Is in eflecl.eamp0anoe wltA •- ' �;-_•
<br /> � ' the Insurance prov(stons contalned tn the Instrument evlQenGnB such F�dsUng tndebteQness shaD constihde corr.�tlance with the insurance � tf�=°=
<br />� . pro�ASlor�s unQer G�ts Oeed ot Trust,to the extent compliance wilh the terms W thls Oeed o1 Tn�t woutd�onsUtute a dupUcaUon of Insuranoa . �' �
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<br /> requlremenL If any prooeeds irom the i�surance beeome payabte on lass.the provlstons In thls beed of Trust for dhhslon ot proceBQs shaU �-:�
<br /> .�:.�, • ., eppty onty 2o that poAion o1 the prooeeda not payabte to the holder of the ExGsting Inde0ledn�s. : ' `,'=,;
<br />• ``' TrusioPS RepoA on fnsuronce. Upon request ot Lender,however not more then once a year,Trustor shall furnish to Lender a report on each . •:;;
<br /> exksting pWlcy of Insurance showing: (a)the neme ot the insurer, (b)the rLgks insured; (c)the amount o11l�e policy, (d)the proyerty Insured, , ti;�
<br /> the then curreM replacement va►ue of such propeRy.an0 the manner of determining thaf valus:and (e)the e�batlon date of the po�cy. , �•. _
<br /> � Trustor shall,upon request of Lender,have en independent eppraiser saUsfactory to Lender determine the cash valua repfaoemBnt Cos!of the • , -
<br /> PropeAy. ' � . '�?,
<br /> TAX AND INSUAMIC�R�VES. Subject to any IlmitaUons set by appncabte law.Lender may requhe Trus!or to metntain with lender�servss �'.%�,.�-
<br />� . ` • ' � for payment ot annual taxes,assessments,and insurance premlums,whlch�eserves eha0 b9 Created by advanCe paym6nf ot morAhly payme►ds ot 8 ,
<br /> �•,�`� sum�tlmateC by Lender to be sufftctent to produce amounb at least equal to lhe taxes,assessmenb,and insurance preminms 4o be pald. Th9 ._
<br /> � �eserve tunCs shall b9 hetA by Lender as a general deposil Bom Trustor,whlch LenQer may satlssfy by payment ot the taxes,ess�smenb,and •
<br /> insurance premiums requhed to be paid by Trustor as ihey become 0ue. LenQer sAall have ihe rlght to draw upon the resenre tunQs to pay such �
<br /> • items,and Lender sAaU not be required to determine the vaBdity or accuracy of any(tem be(ore paying i� Nothing in lhe Oeed of Tnut shatl be • .
<br /> '.;.' � ' canstrued ss requMng Lender to advance other monies for sueh purpo3es,and l.enQer shall not Incur arsy I�abOity for anything II may do or omft to
<br /> do witA resped to the reserve account. All amounts In the resenre aceount are hereby pledged to turther secure the Indebtedness,and Lender Is .
<br /> :��3. • . �. � E nereby authorized to withCraw and apply such amounts on the Indebtedness upon t�e oceurrence of an Event ot Oetaufl lsnder shall nol be :
<br /> requlred to pay any Interest or e8mings on ihe reserve funds unless requlre0 by law a egteed to by Lender in wAUng. lender does not hotd tire
<br /> ;s r" � t reserve funds In trust Por Tn�sta,and Lender i�not TruStors agent for payment ot the taxas and essessments requtred 4o Oe palG by Trustor. .
<br /> ,�;.. � E](PENDfiUREB BY LENDFA. II Trustor tails to comply with any provlslon of thb Oeed of Trust,inctuding eny obugaUOn to meintatn F.xlsUng .. . •
<br /> � Indebtedness In goo0 standing es requtred below,or H any actlon or proceeding I9 commenced that woutd matedalry afleet Lenders inter6sts In the
<br /> PropeRy,Lender on Trustors hahalf may,but sha11 nat be requlred to,take any acUon that Lender deems approprtata. Any amount tAaf Lender
<br /> � expends In so doing will bear Interest at the�ate provldad tor in the Note Nom the date Incurred or pald by Lend3r to the date ot repaymenf Oy
<br /> � 5 � Trustor. NI such eocpenses.at Lender's optlon.wiU (a)be payabte on Qemand. (b)be added to the batance o!the Note end be apportioned among :
<br /> and be payeble wlth anyr Instal(ment paymerds to become due durtng elther p)the term o1 any epplicabte Insurance pollcy or (il)ihe remalNng term
<br /> ( of the Note,or (o)be treated as a baltoon payment whkb wm be due and payabte et the Note's matudty. Thls Oeed of Trust atso w(U secure
<br /> payment of tAase amounts. The dghts provlQed tor In thls paragraph snatl be tn BC�tlon to any other�Ights or any remedles to whlch Lender may be
<br /> ` �• � entiued on accouM of the deTaulL Any such acL'on by Lender 6ha11 nol be construed as Curtng Ihe defaull so ss to bar Lender from any remedy that � �
<br /> •• , � it othervulse would have had. �
<br /> . ) WARRANTY;OEFENSE OF TITLE. The fonowing provlsions retat►ng to ownershlp of the Proyerty arA a part ot thls Deed o1 Trust. 4 :
<br /> �: Tltte. Trustor warrants thet: (a)Trustor holds gaod and marketabta ti0e ot reCOrd to the Property in fee simple.hee and dear of ell Iien9 8nd ft
<br /> :. � encumbrances other than those set toAl►in the Real Property descdpUOn or in the Exlsting Indebtedness secUon below or in any tiUe insuranCe t : , .
<br /> ' poltCy,tiUe repoA,or flnal Utle op�nion�SSUeA in t8vor ot,and accepted by,LenCer In ConnecUOn with thls Oeed ol4rust.and (b)Trustor h89 the
<br /> - • � full dght,power,and autnoriry to execute and deliver thls Oeed ol Trusl to�ender. ,
<br /> _ Detense of Tltle. Subject to the excephon in the paragraph above.Trustor warrants and will torever detend the ti11e to the Property against the
<br /> lawlul ctaims of aU persons. In the event any actlon or proceeding ls commenced that quesUOns Trustors 011e or the interesl 01 Trustee or . .
<br /> . Lender under thls Oeed ot Trusb Trustor shall detend the action a)Trustor's expense. Trustor may be the nominal paAy In such proceeding,but [ '
<br /> _ .�:�;• � . Lender shall be enlitled fo participate In th9 procaeding and to be representod ln the proceading by counssl of Lender's own cholce,end `: .
<br /> � Trustor will deliver,or cause to be detivered.to Lender such instrumsnts es Lender may request hom tlme to time to permil such paAlcipation. �
<br /> : COmpltMee Wflh L,awa Trustar wenanls that Ihe Property and Trustor's us9 01 lhe Ptoperty COmplles wlth eU exiSUng eppllCable laws, { .
<br /> � `.�, ' ordtnances,and regutaUOns ol governmental aulhoriBes. f
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<br /> EXISTIPI(i INOEBTEONESS. The following ptov)sions concerning existing indebtednsss(the'ExisUng Indebtedness�8re 8 perl of thls Oeed o}
<br /> ' :• ' ' Trust.
<br /> • Exlsting Llen. The lien o1 tMS Oeetl ot Trust SeCUnng 1he Indebtedness may be seCOndsry and mtenor to en exls5ng Ben. Trustor expressty i �
<br /> _;,.. covenents and flgress to pay,or se9 ro the peymsm o1,the Exlsting Indebfedness end to prevent any default on such indebtedness,any default
<br /> —_, under ihe irtstrumants wide����ng such indebtadrsass.a arr��alautt ursdas aa f s�ur.tf dccumcs�icr:,vch indeDle�n�s• � -- -
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