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<br /> � � � '03-43-199� DEED OF YRUST (� � g���� Rage 8 ; `_�.
<br /> , . . ;� L'osr.�5542�50 (Cmdinued) � ` . �.' `.
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<br /> L . `•� ' iMeca51 at lenQer under th1511ead of Tnisf,except for Ne Gen af t�ces and assessments not dus and exceDt as othecwtse provlded in Uas Oeed • •-. `
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<br />. . � • : of TrUSI. -" y , � . ..
<br /> � � Rt�i To Coc�test. Trt�stor may wilhhaid Dayment of anY tax,sss�smanL��in connection w�h e Boae taith dis9�8 over the oDlfgaUon . '
<br /> to paY.so locts as Lendei's irderest In tha PmperlY�not(eopard'aed It a lien adses or Is 6►ed aa a resuit ot eonpaymerrt.Tnutor sfia1�+rr(Wn . ,
<br /> .� • ; ryfteen p6y days efte�ine lian ar�es or.f!a nen is�ted.wdNn fiftesn(tb)days aRer Trustor has noHce of tne fiung.secure the�sshar8s of tRe � , °
<br /> GeN.o►ii re4uested by Lender,depa;it with Lend�eash or a sufRclent corparate suretyr bond a otrter soauRyr satisffictory to lsnder In en
<br /> �. i amounl suf8der�t to dfsCherge tRe Lsn pt�anY cosb and eSOmeYs�tees or otAer char�ges U�at caWd acaua as a result ot a fare�3ostue or sate • � , .�.
<br /> � � unQer the Qen. tn arry cc+�s1.S►�ustor sha0 de`end itseN end Lender and shaU satlsN enY adverse luQgrtent befo�enf�aemard�gslnst the , . .
<br /> • ' Praperhr. Tnrstor sha0 name lenQer as an ad�ifio�l oE�zo urtdar anY s�uaN bond hunish�d in fAe contast Orooeedings. , . .. ,'
<br /> .r ' ! EvlQenee W Peymeat. Trustor sha0 upon deraand tumisA to Lender�ffiiactal►eWdenoe af paymem W the tezss ar ass�smeMs end stia0 ---
<br /> �. . � authcrim tha eppropriate govemmentef oifldal to deliver to Len der a!any tl me e v rt ft t e n s ffi t em ent of the�and sssessme�s a9atnst tAe � ' _ '
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<br /> •? � Nottce o!Cot�rudlori.Trustor s1iaU notity Lender at least fiftean(15)days beforo any work is commenced,ami seMees are turnished.or any . . ,
<br /> ' , materiais are supplied to the PropeRy.if any machanics Gen, materiatmans 6en,or other Hen eould be assartad on account of the wo�JC, • , ,
<br />-- ` services,or materiaLs. Trustor vnU upon cequest o}lender tumtsh to lander adv8nee ass�anoes satls(aciory to Lender Niat Trustor can and wID •
<br /> ' � Pay tha cos!of such improvemenLS. � .
<br /> . � `jj PAOPFATY DAMAQE IN5UAANCE.Ttie Pouowing provlsions reteting to insurfrtg the Piroperty are a peA ot this Oeed of'frusL _ ;
<br /> ;; � �Ilab�tenattee Oi Insutaace. Tnutor shaU proaue end mairdah�po8des ot frre insurance wilh sfandard extended coverage endmsemanfs an 8 � `- •".
<br /> wplacement 6asts tar tt�hdl in5urable vafue covering all Improvemertls on the Real P[opedy ln an amouM st�iflderd to avoid appOcefion of ar►y „�
<br /> cohisurance dause.and withh a standard martgagea dause in favor of isnder. T�sha0 atso Oraaue and matntain comA�ehenshre Bert�ral ..• �,-r:....:
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<br /> � ' � liabiGty instirance in sucA caverage amounts as Lender may requ�t w(tb Wstea and Lender being rtamed es eddrtionat irtsmeds tn such lieb�ly► . �y.
<br /> :t� ir�suiance pollcias, AC�osia'Jy.Trusta shall matntaln such other insurance.Int�ud�ng bul not 6miffid to hanard.businc�ss i�Uan.and ,
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<br /> . } eai�er insurance.as Lender m8y reasanabty teqwra. Poticies sha0 Ee wdtlen in fotm.amowas.w+rerases and eesas ressonabry acc�m4�e�o ��
<br /> • ;; Lendsr and issued by a company ar compas�les�eas9nablY eareDtabfe to Lender. Tnislor.upon�equest oi Lendar.wU dativer to I.enQer from , _
<br /> ��. time to 8a'ta fhe pa�das or eertiflcatas ot i�surance in fortn satistadmy to LenQet.induding sdpidatians U�ai coverages v�not be ean�ed m V .�' ',:'�,�,4
<br /> • • d i m i n t s h gd wNt�out at leasf ten(10)days prior wrttten noUee to Lender. EacA insurance poUcy a�o shall indude an endasemerd provtdte8 that .;.,�.,
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<br /> � ' coverage in favor of Le�der vnU noi be impehed in any wey by any eci.am�ssion u Aeta�el of Tn�r ar any other pmsan. S ho W d t h e R e a 1 , .�,�;�i�;..s�,
<br /> , ProOefi►at anyr Ume becoms lot�ted in an erea dasignated by the OUectar ot tha Federal Emegency Mane�eme�Agency as a spedai Raad � .,. _
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<br /> ha�rd eree,Trustar agrees ta obtain and meint8(n FeQeral Flood tr�surance for the N�ur�pald pdrxfpal balertce af the ioan,up to the m�dmum �'. � �**�•--
<br /> . • • � �-� poGcy�mfCs set undsi the Mattonaf Raod Ituurance P9rogram.a es ofherwise wQutred bY Lender.end tu maltstain s�lnsurance tor the t�m ot .. ,.. �;;�.�'
<br /> � _ :.=,• ,��:I.$ � -
<br /> � ihe loen.
<br /> � • Apy(tcatton o!Preceeda Ttustor shaD prOmpUy notity Lender of any toss or dartiage to tha PropertY• lenQer maY maha pr�o�o��oss i1 Trusta► �;�:;�;;;
<br /> ' feils to do so withtn fiReen(15)days of the casuaily. Whether ar not Lenders secmity ls impatred,Lender may,at its ele�on.reoefire and retaln �' ,. ,;;.�..
<br /> the ptaceeds of er►y inRUranee and appty the prooeeds to the redudlon of the Indebtedness.Oayment of arry Qen aftec6ng the Prop�►.Or the - �.,;;.iz 1�•
<br /> � restaeatlon ana r of the F�r If Lender etecls to the roceeds to�tarafton and repair,Trustar shaU repair or repiaCe the . �5'• . ' e-
<br /> ., reDe1 oPeAY• BDDh P <<.-�r�`s:?i
<br /> . . ' damaged or destroyed Improveme+�s In a manner s e t l s t a c tory to L en d e r. L en der s h a t l.u p o n s a t i s f a c t o ry p r o o t o f s u e A e x p e rt d i h a e.D a Y o► s:
<br /> reimbwse Trustor from tne proceeds fpr the reasonaDte cost o!repetr or restaraUon ff Trustor is nat fn defautt under this Deed of Tnst My �� - ��+"-
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<br /> ' • �•? p r o c e e d s w h t c t�h av e rtot�een disbursed within 180 days after thaU recetpt end wtdcb Lender has�ot comm0ted to the repaU ar teStOratiort oi � •i�.�;',���r
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<br /> �, the PrapeAy shalt be ussd first to pay any amount owfng to Lender undar this Oeed ot Tnut,then to pay acaus0 interest,anA the cemalnd�.N .Y-.�.:;
<br /> ,.� atry.shalt be epPUed W ihQ principel belance of the Inde6tedn�s. It Lender hoids eny pmceads after p8ymenl ht fuU oi tAa tndBbtOdness,suCA ,'••:�
<br /> ' ptoCeeds Sh3U be p81d to TruStor aS Ttustofs intere5b mSY epAeer• , �.�t"�,-�::
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<br /> UnerpUeA Insutmtee 8t Saie. AnY une�ir80 insurance shatl inure to the benefil ol,and pess to,the purChaser ot the Proaetly covettid by this ' '"�i�'s�.
<br /> � '' i Oeed ot TruslBt 8ny hustee's sate or other sate hetd under the ptovisi0ns of this Deed Of Ttust.or at 8ny foredosure sale ct suCh Propedy ''` �'�`'i`
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<br /> __�. Trustot's Repotl on Insurance. Upon request of Lender,hovrever not more than once a year.Trustor shaii tumL9A to lender e repod on each •;��rs_
<br /> • existing pplioyr ot lnsurance showin� {a)the name af the insurer, (b)the tisks ir�sured: (c3 the amount ot the poQcy: (dy fJte propertlf insured. =°-
<br /> ' the then curreM reptacement vatue ot suet�propeAy.anC the manner of determiNng that vatue;and (e)trte e�UaUOn date of tAa paHcy. . - -•"�r;�;,_
<br /> • --° Tnistar shau,upon request ot Lender,have an indepsndenl aDD�r saUsfactory to lender deterMne tha cash vat�te replseemen!cost of th9 •� _'n°�-""'
<br /> � y ProPerry• . ������'��_
<br /> EXPFaiD1TURES BY LEHDER. tt Ttustor fails to compiy witb any provision ot Mis Oeed ot Tnrst,or if any actfon or proceeding b commence0 thal � ,`; }'.:1:--
<br /> woutd mateAalry aHec1 LenQels irrter�ts in the PropeAy,Lender on Trustors EehaN may.but sna0 not bo�equhed to,take any acdon that Lender •:S*'.::"-'
<br /> :,„ � . ' deemS 8pproprlate. Any amount that Lender e�enQ9 in so doing will bear inter�t at the tate provtde0 for in the NOte from the date lnCUaed Ot p81d , , �c&•-;
<br /> � by LenQer tp the date of ce➢aymerd by Ttustor. Ap sucA e�enses.at LenQers op�on,wpl (a)be payabte on Qemand, (b)de added to the ba(ance ���
<br /> ot the Note and be ap0ortione0 among and be paya019 with any Instellment payments to Dacome Cue during erther Q)the term of enyr epplieab►e '.;�, • �
<br /> . insurance poticy or m)tAe�emaining tertn of the Note,or (c)be treated as e balloon payment whteh wltl be dus an0 payabla at the Note'8 maturiry. '.;��• .
<br /> This Oe¢d oiTrusi efso wf0 secure pa}Im�nl ot these amounb.The�tghts provlded for i�this par8graph shatl be in aQditlon to any other dghb or�u�y �i�:':'
<br /> ` �� remedles to wNCA lender may be entltled on accoun!ot ihe Qetaui� Anll sucb ecUOn by Lendsr st�all not ba consbved as curtng the defaNt so as lo '�'�r,�-�:
<br /> �' � •, ;, bar LenCer irom arry remady that 8 otherwlse would have had. '. -
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<br /> x • :; WARRANTY;OEFEFlSE OF TITLiE.The tollowing provlsions celattng to ownership ol the Praperty are a pait of this Deea o1 Trus� , - .
<br /> � Tllle. Trustor w8rrants that (a)Trustor holds good and marketabt9 Atte of record to t�e PrcpeAy In te9 simpte,free and daar of eD uens and •
<br /> encumDrances Other t h en t hase s e t t o rt h i n t he R e a l P t o p e r l y d e s e r t p U O n o r i n e r ry ti tl e i n s u t a n c e p O�C y,t i tl e r e p o t l.o r fl n a 18U B O piNan tssued in � '
<br /> � � favor o},end acaepted by.Lender in conneGion with thfs Oeed of Trusf,and (D)TNStor has the tu0 right,pav�er.and authoMy to exeCUte end ,
<br /> '�� . ' deliver thls Oeed ol Trust to Lender. '
<br /> �`�• • Qetanso o!Tttta. SubJcct ta tria exesptlon in the paiagreyh above,Trustor wertanb and wpl torever Cetend the UUe to the P�operty egaJnst U�e __ :
<br /> IawfW ciaims ol all persons. In the event any actlon ar proceeding is commenced that quesUons TrustOfs tilie or the interast of TruStee or �
<br />• � tsnder unQer this Oeed ot Trust,Trustot aha11 detend the 8ction at Trustors enpense. Trustor may be the nominal party in suCh proceeding.bN . . �
<br /> Lender sAaD be enliUed to parUClpete!n the procee0lnp and to be�epresented In the proceeding by counsel o}LenQer'9 own cholce,snA _,,
<br />-'`f� ' Trustor vn(t detiver,or cause to be deltvered,to Lender such inshumeMS es Lender may requ�t hom time to Ume to permit such paAicipetion.
<br /> Compifanee Witb Laws. Trustor warrants Ihat the Property end Trustors use of the Property compGes with atl e�dsNng epplicable Iaws,
<br /> ordmances,and regutaUOns ot governmental aNhoriUes. • . ,_ .
<br /> CONOEMNATION. The tottot�nng pro�sions retaUng to condemnation proceedings are a paA ot ttus Oeed o1 Trust . �
<br /> � . � ApptteaUon of Net Proe�eda Q ail or eny paA ot tne Property Is condemned by eminent domain proceedings or by any praceedtrtg ar •
<br /> ' purchase in tieu of condemnaUOn,Lender may at lts electlon requlre thaf afl a any portton ot the net pra�ee�ot the ewar0 be 8pp�e0 to th9 .
<br /> ' Indebtedness or the repalr or restorallan ol the Property. The net prooeeQs of the awerd shall mean the award efter payment of eU reesonabie •
<br /> CastS,expenses,end ettorneys'tees incurted by Trustee or Lertder In Connet�on wHh the condemnaUOn.
<br /> ptpee¢Qing9. N any proceeding In condemnaUOn►s fiteC.Trusta shall prompUy notity Lender In wdUng,and TruStor sha11 prompUy teke such • ..
<br /> steps es may be necessary to detend the flcUOn and obtaln ths award. Trustor may be ihe nominal party in such proceeding,but Lender shall .
<br /> � be enUUed to partleipete in the p►oceeding and to be repressnted in the praoeeding by couns9l ot its own choit�,end Trustor wUl de�ver or :
<br /> cause to be 0aitverad to Lender sueh insUumenb as may be requested by It from Ume to time to permit sueh parUClpation. ,
<br /> '? � � � IMPOSITION OF TAXES.FEES QNO CMARGES 8Y GOVERNM11QJiAL AUiKOA1TtES. The foitowing provisions reiadng to governmentel taxes, . : .
<br /> fees end eharges are a part o}this Oeed af Ttust
<br /> r I CuaeM Tmtee.Fe09 and Chatgea Upon request by Lende►,Trustor shall execute such documents lo aGdiuon to thls Deed o1 Trust and tafce
<br /> whatever other ecdon i�requested by Lertder to peAect and conUnuo Lendet's Ilen on the Real Properly. Trustor sAall reimburse L9nder for eU
<br /> tau0s,es descdbed 6elov�,togeth8r witA 81t expenses InCUrted in recording,peAecUng or continuing thig Oeed ol Trusi,including wlthou!
<br /> �imitaUOn all fexes,fe6s,dacumentery stamps,and other chargss for recording or registering tNS Oeed ot Trust. f
<br /> ,! �; Tmte9. The taltowing shall cpnstitute taxes to which lhis section applies: (a)a SpedflC tan uppn this type of Oee�Ot Trust Or upan en Or any � � , �.
<br /> � paA ol the InQebtedness seCUred by this Deed o1 TrusM, (b)e s0eciflc tax on Trustor whleh Trustor is ButhOri28d or required to dedu�t from ;
<br /> payments on the Indebtedness secured by thls type ot Oeed o1 Trust; (c)a tax on this type ot Oeed of Trust chargeabie agalnst the Lender m ; •
<br /> Ihe holder o11he Note;and (d)a specdic tax on all or any porUon of the Indebtednsss or on payments ot pdncipal and intaresl made by �
<br /> Trustor. �
<br /> . ' SobBCt;ueM t�e9. ��any ta�to vin�ch this sect�on aAphes is enSCted Subsequent to the dste ot this Oeetl o1 Ttu51,this event shall have the _,
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