|
. .
<br /> 'til'� - h 'rv ..'.1� .�` a � ' '�r♦ " =(.`
<br /> .
<br /> . . � ' . . '. . . .�. ...i. . a� _ !f�C� .
<br /> . ____�.��_� . _ . _ ._ ___ _` . -. . ����= _._ . __... .._ .__ . _.._ _ .___._ �_ _ ..f _ _ _
<br /> �,J .. . . . . . .- . , . . . . ' _ C . . � :
<br /> .. .. . . - < . . - G �iC'.� _ • ' . _ . . .� . . _ _'2- I
<br /> -v ' -•- ' `' < _ . L. " 'i , ' 'S ' • ��•i.Y�e_ � ..,., �.,-_.._. �._._. � .._.,,i.�...��.._'``�.�._...---Y'G....t_-'_-�._�. __.__. v Y _ . .
<br /> �F '.� . . `�� �i � .
<br /> .- . ' Nt.`� S. f:_ `• ... ,t. �. �..
<br /> � � r:� �.-� ������s . :�s�..
<br /> � C Y:i. •
<br /> � B. All future adrancc5 1'rum Benef ciary to Tnutor or other future obligations of Ttflsto eficiary uader any f 4' :•
<br /> � .�-'"� . ' ." _ ' promissory noce, rnntract. guaranry.ar other evidence of debt existing now or e�ecuted after this Dced of�Tnut ^; .�`:'., `
<br /> �, ,... .. :. . :
<br /> �'` `° � �� whether or no��his Dec•d of Trust is specificaUy referred to irt the evidence of debt. "% ,
<br /> � C. All obligation..Tnutor owes to Br:ieftciary,whlch no�v exist or may later arise. to the e�ent not pmhibited by '<<.` <. .,�� . ,
<br />-:�,: "� ` law, including. but nat limited to. liabilities for overdtafts telating to any d�osit account agt�ent betwcea �` t.f ,,
<br /> ;�. • Trustor and Bcnefciary. -, �- �
<br /> . , . , D. All additional svms advanced and expenses incvrred by Beneficiary for insurin�.preservinS or othe�wise pmtecting : -
<br /> `�• ` ��� .
<br /> � - the Property and its value and any other smnS advanced and exp�ses ins.�urred by B�eBciary under d�t�ms of
<br /> ', --;_:�.�•. this Deed of Trust, plus interest at the highest rate in effect, &om time w time,as provided ia the Evidenoe of , .� ,
<br /> . �`-� Debt. �'
<br /> ,� ; �'---- , -, E. Trustor's perfnrmancc uudet the terms of any insirument evidencing a debt by Tn�stor to Bene$eiary aud aay Deed �,._- ._ -
<br /> • _ • of Trust sc�:uring,guaranryin�,or otherwise relating to the debL �� • '.�.
<br /> �4.; � ' . If more than one person signs this Deed of Tn�st as Tnutor. each Tnutor agrees that this Deed of Tnut wiU secvre all
<br /> s:,,. • •' , futurr advances and fumre abligations described above that are geven w or ina�rred by a�r one or moie TiusWr,or aay . , . .
<br /> -�; � � ane or more Trustor and o�hers.This Deed of Tnut will not secvre any other debt if Bwef�cIary fails,�+i�respea to sach .
<br /> `' � � � uther debt,to makr�ny nyu�red disclosure sbout this Deed of Tcust or if Benefciary fa�s to give any required notice of - _�
<br /> �` , =
<br /> , . . the right of mscissiun. _ `F r
<br /> 2}.'; � .. • ?, , :� .
<br /> ,�; S. PAY�YENTS.Trostor agr�rs co make all paymenu on the Secured D�bt when due and in accordance wit�the terms of the ,`.�:�}_v
<br /> '� . , '< •.�� Evidence of Debt or this Dcrd of Trust. .. - ,
<br />�f":. . _ ?�' .•_�•-��
<br /> �" � ` '`' t►. WARRANTY OF T1TLE.Trustor covenants that Ttusior is lawfinlly seized of the estate coaveyed by this Deed of Tiust _;,, -_
<br /> �, . ..;. •,- . --—..
<br />=�i � _ and has the right[o inevacably grant,convey and seIl to Tn�stee,in uust,with Power of sale. the Property aad aasaws �,-�:�',_s• _
<br /> ''e � ' .
<br /> , thac the Property is unencumbered,except for encumbranees of recotd
<br /> � . : ': .,�
<br /> �;:. _. � ._-`:.� � '= - �= ��--
<br /> � 7. CLA11�fS AGAI�ST TITLE.Trustor will pay all taxes,assessmeats.llens+encambraaces+tease PaY��•S��• �' '`''"":�=':-
<br /> ��,-. . �` '�- Trustor to mvide w Benefcclaty ,
<br /> ..:� , utilities, and other charges relating to the Property wht�due. BeneSciary may requite P —
<br /> . copics of all notic:es that such amounts are due and the receipts evidencing Trustor's paymeni.Trustor wIIl defend title w ' ��.0=
<br /> - ���"';�;-��°::
<br /> i' � the Propeny against any claims that�vould impair the lien of this Deed of Tmst.Tnistor agrces to assign w Beneficiary,as i., ,-;r-
<br />-�."� • ,�..:�_:' rcquested by Beneticiary. any rights. claims or defenses which Trustor may have agaunst parties who supply labor or !�.��•—•
<br /> - ' materiats to improve or maintain the Property. - '�� �T��
<br /> 1. _
<br /> .` "� , . ` ;; 8. PRIOR SECURITY INTERESTS. With regard to any other mortgage, de�d of tn�st,security agreemeat or otttet llen .:':;:•`;.•r,�;;��:
<br /> �'`•` � document that crrated a priur security inter�5t or encumbrance oa the Propetty and that may have priorlty oves Wis DeEd :�:
<br /> . 'r'•.:'i%'-, �—elqljj
<br /> : . , c�f Trust.Trustor agrces: :.,,...".' :;.«
<br /> ���s , A. To make all p.�ymencs a�hen due and ta perfortn or comply witb all covenants. •
<br /> _ B. To promptlti•dclivcr i�� 9rnei:e.-eary:sny nodces[hat Truslor receives from the holder. "'�'��
<br /> • � C. Not to makr or pemiic any maditication ot extension of,and not to request or.accept aay future advances�der 8ny �,`•__�:'�
<br /> - � notc or agrremene secured by.the other mortgage,deed of trust or security agree�nent nnless Beneficiary cons�t,s • , . :r`'�`
<br /> „-
<br />'- � � in writing. • , —�
<br /> �.-'~';....� .. . _ i�...T..
<br /> '- ��. DUE ON SALE OR F.tiCI'�1BRAICE. Brneficiary may,at its option.declare the entire balance of the Secured Debt to ' '�'��-
<br /> "�
<br /> '":f�`=-
<br /> . ' he immediately duc a�td payablc upon[he creation of any lien,encumbrance,uansfer.or sale,or oonUract for aay of tltese ;;�.-
<br /> �. ' un tl�c Property. Hox•ever, if the Propeny includes Trustor's residence, this section s h a l l be su b ject t o t he r e s t�c i i o n s ,..� . „�-
<br /> , ' impos�:d by fedcral law(12 C.F.R.591),as applicable. For the ptuposes of this section,itte tezm"Froperty"also inclndes .-�;;:;,_•:, :: _-
<br /> ' � any interest to ali or any part of the Propeny.This covenant shall run a►ith the Ptuperty aad shall rt�nain in effect unti)the �,` __ -
<br /> ;:,:, �. Sccured Debt is paid in fuA a�td tl�is Deed of Trust is reteased. �:.�. ,
<br /> :�.:,:
<br /> . :.�:-
<br /> IU.'[RANSFER OF A� INTI:RF.ST iN THF GRANTOR. If Ttustot is an entity other than a natural persoa(sucb as a .
<br /> ' � ' corpuration or other nrganiz.nion). Beneficiary may demand immediate payment if(1)a 6eaefieial interest ia Tzustor ls
<br /> ` .. .. �old��r transferrcd: �3��hcrc is a change in either the identiry nr number of inemb�rs of a partnership:or(3)there is a � �•
<br /> .'.r"� " � � changc in ownership��f mare than 25 percent of the voting stock of a corporaiton.However,Benefieiary may not demand .
<br /> ; payment in the aUove situati�tins if it is prohibited by law as of the date of this Deed of Trust. _
<br /> ,���, I t.I:N7'17'Y 1VARRANTIES A`D REPRESENTA170NS. If Tnutor is an entiry oWer than a natural petson(such as a ' .�' �
<br /> - • • . , corporation or uthrr urganii.dion),'('rnstar makes to Beneficiary the following warranties and represeatations which shall .
<br /> ;��. _ � hc continuing as long as thc Sccumd Dcbt rcmains outstanding: ,
<br /> � � A. Tn,stor is �n entiry .�•hi�h is �uly organized and vatldly existing in the Tcustor's state of 9ncorporatioa (or ., .
<br /> � �}�� ' organi�ation). Trustor is in gooJ standing in all statcs ia which Trustor transacts busin�s.Trustor has the powet • .
<br /> � and authority io o��•n nc� Property and to carry on ita business as now being conducted and, as applicable, is
<br /> • '. _ � qualiticd��d��s�in cach::tatc in�vhich Trustor oocrates. �
<br /> ` 1;. Thc cxccutinn. drli�cn� an<i pertiiruiance of this Derd of Tmst by Trustor and the obligation evidenced by the . .
<br /> • Ev;dcucc �,t I�cb� :ur �viil��u ihr p�nver of Trustor, have been duly authorized, have received all necessary
<br /> � ' • . . � govcrnmrni:�l:�pproc:�L and u•ill m�t ciulatc any ptovision of law.or ordet of court or govemmelltal$geIICy. ' '
<br /> `'� ` � ('. OQicr than tb.clu.cd m �vriting'fru�tor has not changed its name within the la5t ten years and has noi used any . . .
<br /> atlrer tr:��lr ur fictiti��n� name. tVitln�ut Beneficiary's pdor written consent,Trustor does not and will not use any '
<br /> � � � ulhcr namc:md will prrsrrvc its cxisiing name.trade names and fraaehises until the 5ecured Debt is satisfted. ' .
<br /> ;� ;:, � IZ.P1tUPE[t'1'Y ('(1�1�1T1t)`. �U:1'ERATIt�v5 AND 1NS1'ECTION. Trustor will keep the Property in good conditioa '
<br /> , , and makc all tcpaiis ihat arc reasonably ncccssary.Tr�stor will give Benefcciary prompt notice of any loss or damage to
<br /> { the Property.Trust��r�viil kcrp thc Praperty free of noxious weeds and grasses.Trustor will not iniriate.join in or wnsent .
<br /> � w cu�y change in :�ny priva�c resir�ciivr awen�nt, i.oning ordinanee or other publie or private restriction limiting or
<br /> ,. detining thr u,c. «�hich m:�� hc n�:�dc of il�e Property or any part of the Property. without Beneficiary's prior writtea
<br /> ' r�+n>rnt. "Iru�tor «�II n��ut� Itcnrtic�ary ��t aU demands, pmceedings, claims. and actions against Trustor or any other � •
<br /> �f.�r,. ; „�vnrr made undrr I,n�:nr rc_•�ilau„n rc�ardm�use.uwnership and occupancy of the Property.Trustor wil!wmply with all f .
<br /> 4• ; � Ict.�l requircmcm� .�ml rcsiri�tiun�, •�hcih�r public or ptiv:rte.�vith respec:t to the use of Ihe Pfoperty. TTUStor alSO a�eea�
<br /> � . : � : . .
<br /> . . � iiuit rhr natur��,t tl�r�,crup:�r.re and u�c�nll not change without Beneficiary's pftor written consent. •
<br /> � �n��u(G��n ��I Ihr I'I'n�e�i'I)' tit ill hc rcnuncd. drmolishcd i,r t�tt7ially altered without Benefciary's prior written consent �, .. .
<br /> ' � � ,•,:rr�,i ►hat "I ru�t�,r h:n thr n��hi i„�rmo��itcu�s o(persunal pronerty comprising a part of the Prope»y that becotn�wom �
<br /> - y pago 2 0l b �t- : - - -
<br /> : , � .. �.. . . ... , - . ,. . ....�.ti;,CODTNf ».]097 � _ .
<br /> . . . .._ . _.,_..,,_..
<br /> .. _
<br /> __
<br />- �••c,:. ._. . -_ . _.. ___. _ .. . . .. .. . .... .. . . .._ .... �.... .. � .. -., ..� - ;.�. -:.n - �cs::,s�_..
<br />
|