|
� ��%�� - _. .� . . . a. .5.� - .e
<br /> --r.--- -- .._ '� _. . _— _ —__ Y .-.--.. _'— . _ . . _ .__ _
<br /> ..... ._..._ �, ._...J._._•v_...._�__.�t_ ... .__._. .� ._. ..�. _. ..,. �� . .-.. .. . - . .. _ . . . .. . . . "'.,.__�_ �� k• _ ..(;, R, ' .
<br />' ` • .. . } _'�.a' '
<br /> � . i .'o
<br /> �:<<. � 9�- ����1 _ �. . � - ��
<br /> . , .� :
<br /> , } B. All future advances from 8eueficiary to Tnutor or other future obligatioas of Trustor ta Beaeficiary under any '�=: �` ::.��.
<br /> pmtnissury note, cantrad, guaranty,or other evidence of debt existing now or exeauted after this Deed of Tnut .
<br /> 4 r- '�� � whether or aot t�is Deed of Tmst is spaciSp}iy ceferred w ut the evid�ce of debt. �� � � � ��� �
<br /> � _� C. All obli g a t ions Tn�stor owes to Beneficiary. which now exist or may later arise, tv the extent not proln�ited by ` t�,�:�. �
<br /> • . � law. incIuding. but not limited to, IIabiliues for overdiafts relating to any deposit accouat agteement between � -� . ; .
<br /> . � Tn�stor and Baneflciary. • ' �� �
<br /> . . � D. AIl additional svms advanced and expeas�s incurred by BeneHciary far insuring.Preserving or otherwise pratecting .
<br /> y the Property and its value and any other swnc advanced and expeases incurred by Sen�ciary nader the teims of
<br /> � t6is Deed of Tn�st,plus mterest at the highest Tate in effect. from time to wne, as pmvided in the Evidence of •
<br /> Debt. c�
<br /> `�' E. Tnutor's perfotmance under the terms of any instrument evidencing a debt by Ttustor w Benefcciary and any Deed , '_ ° _
<br /> _ :-i m�' � -- -._.,.
<br /> -------- ; af Tc�rst securing,guaranryiag.or otherwise relaiing to the debt. _ -- , .
<br /> �F �1
<br /> : ; If more than one pecson signs this Deed of Trust as Tnistos. each Tnuwr agrees that this Deed of Tnut will secure all •, . • �.
<br /> _ j fnture advances and fat�ue obligations descn'bed above that are given to or incurred by any one or more Tnutor,or any , ._._,
<br /> ! oae or more Trastor and others.'Ih'ss Deed of Tmst w�71 nat se�aue any other debt if Beaeficiary fails,with nespect to s�ch ,;,��.
<br /> • � s oth�z debt,to make aay ieqnired dicclosure about this Deed of Tmst or if Beaeficiary faits to give any required notice of . � �
<br /> � the right of rescission. `• �� ^ �
<br /> ' � . - ,� ` ���f' . V'-� , �
<br /> -t � , ; `�..'_N•:4.
<br /> 5. PAYII�NTS.Trustor agrees w make aU payments on the Secared Debt when due and in accordaace with the terms of the � ,. ,,,
<br /> � Evidence of Debt or this Deed of Tn�st. -�
<br /> �•� `_�t::,:
<br /> . k � _ . �.,�-.
<br /> � 6. WARRAN'FY OF 17TLE.Tr�stor wvenanu that Trnstor is Iawfully sei�d of the estate conveyad hy this Deett of Tn�st
<br /> ' , and has the ri t to irrevocabl p ''.r , •�-�>.�
<br /> Sh Y grant,corney and sell to Trustee,in trusc,v�ith power of sale,the Pro erty and warrauts ;. ,r... . -
<br /> :� that the Property is uueaca�mbered,exce{►t for eaa�mhrances of�ecard. - -_ _ _-
<br /> -•�. 7. CI.AIlNS AGAINST T1TLE.Tn�swr wiU pay all taaes,assessme�nu,liens.enaunbrances,lease payments.growid reats, . ' ;Y.--
<br /> . . �� , utilities,and other charges relating to the Property when due.B�eficiary may require Tmssor to provide to Beneficiary �`:'' 4.� •. +_
<br /> �.
<br /> • capies of all notices that such amnunts are due and the receipts evidencing Trastor's payment.Trustor wiU defend tide to . :�
<br /> ' �'� • the prope�ty against any claims that wonld impair the lien of this Deed of Tmst.Tnutor agraes to assign to Beneficiary.as • : v
<br />. , reque,�ted hy BenefscIary, aay righu. claims or de fenses w h i c h Trustor may h ave a g a i n s t p a r t i e s w i t o s u p p l y I a b o r o r ., 'A• -�_ '
<br /> _ti. � _ .:.� maserials to improve or maintain the Property. ..�;.< .s�,r�
<br /> �-�.��
<br /> :���.---
<br /> ' _ •�. i 8. P R I O R S E C[1 R I T Y��T E R E S I'S.W i t h r e g a r d w a n y o t h e r m o r t g a ge. deed of tnut,securi ty a g cement or other llen .:,.-- _ ---
<br /> • � doc�uneat that created a grior security iaterest or encumbraace oa the Property and that may have priority over this Deed _ -_�
<br /> of Tn�st,Tnutor agrees: • ��'-•,. '.: _
<br /> ', ," A. To make all paymenu when due aIId to perForm or comply with all covenants.
<br /> '• ' B. To promptly deliver to Beneficiary any aoaces that Trustor receives from the holder. •
<br /> ` , + C. Not to make or permit any modification or eatension of,and not to request or acoept any future advances under any • ; ��'�x^�
<br /> � .;: note or a t sec,vied b ,the other mort a e,deed of tnut or securi a t ualess Benef ' consents "'���
<br /> _ , greemen Y g g tY � � ,r��!"
<br /> . : .# � in writing. . .. , . _ -
<br /> ; ?.::�.�.:_
<br /> '' 9. DUE ON SALE OR ENG'UMBRANCE.Benefcciary may,at its aption,deciare the eutire balance of the Secured Debt m - -�'==-.
<br /> � be immediately due and payable upon the creation of any lien,eacumbrance,uansfer,or sale,or conuact for any of these � . �"N:q�-�r-
<br /> , ,.�
<br /> � • . on the Property. However, if the Property includes Tnutor's residence. this se�xion shall be subject to the restrictions . . '.�:,�:� =
<br /> � imposed by federal law(12 C.F.R.591),as applicable. Por the pnrposes of this section,the tetm"Froperty"also includes • �'��_
<br /> � • ' any interest to all or any part of the Praperty.This wvenant shall run with the Praperty aad shall remain in effect�mtil the . � • , . ���`
<br /> , . ' Secured Debt is paid ia full and this Dced of Tn�st is released. . .:�{3:;�`
<br /> _ � ' 10.TItANSFER OF AN IIVlERESI'IN'I'�GRANPOYt.If Tn�seor is an wtity other than a naturai petson(such as a .. '�
<br /> ; • corporation or other or�anization),Beneficiary may demand imm.�diate payment if(1)a beneficial interest in TnrsWr is . '• :'`
<br /> sold or traasferred; (2)there is a change in either the identity or nwnber of inembers of a partnership; or(3)Were is a . ' � }-*�;�-.:
<br /> , ,•� change in ownetship of morc than 25 percent of the voting stock of a corparation.However, Benefsciary may not demand : ' "
<br /> � � � payment in tbe above situations if it is prohbited by law a5 of the date of this Deed of Ttust. ' . .,
<br /> �. , 11.ENTITY WA�AND REPRFSENTATIONS. If Trustor is an entity other than a natural person(such as a . - .
<br /> ' � corporafion or otlter organization),Trustor makes to Beneficiary the following warrandes and representations which shaU . � ,� . '.
<br /> � be wntinuing as long as the Secured!)ebt Temains outstanding: ' .
<br /> �•�� •, • ^j A. Trustor is an entity which is duly organized and validly existing in the Trustor's state oY incorporarion (or �: :
<br /> { or�anlzation).Trustor is in good standing in all states in which Trustor transacts business.Tcustcr has the power � ': '
<br /> . � and authority to own the Ptoperty and to carry on its busiaess as now being conducted and, � applicabte. is ...
<br /> � ' qualifled to do so in each state in which Tnutor operates. � , .
<br /> �. B. Tt:e execution, delivery and performance of this Deed of Trust by Trustor and the cbligation evidenced by t�e .
<br /> Evidence of Debt ue within the power of Trustor. have bcen duly authorized, have received all neccssary . - • • ;.
<br /> '� � govemmental approval.and will not violate aay provision of law,or order of court or�ovemmeatai agency. • ' ,,.
<br /> �:��; ! C. Other than disclosed in writing Trustor l:as noi changed its name within the last ten years and has not used any . .
<br /> � , other trade or fictitious name. Without Beneficiary's prior written wnsent,Trustor does not and will not use any • . �
<br /> ' other nazne and will preserve its existing name,trade names and franchises until the Secvred Debt is satisfied. � _ '
<br /> ' I • .
<br /> • � l2.PROPERTY CONDITION, ALTERATIONS AND INSPEC7TON.Tnutor will keep the Property in good wndition . .
<br /> : and make all repairs that am reasonably necessary.Trustor will give Beneficiary prompt notice of aay loss or damage to •
<br /> � � the Property.Trustor will keep the Property free of noxious wceds and grasses.Trustor wlil not initiate.joia in or consent
<br /> { to any change in any private restrictive covenant. zoning ordinance or other public or private restriction limiting or . �
<br /> .�• ; defining tlie uses which may be made of the Property or any parc of the Property. �vithout Be�fic�a,ry's prior written i . : • ;
<br /> j consent. Trustor will notify Beneficiary of all demands, prcueedings, claims, and actions again9t Trustor or�any other � .
<br /> � awner made under law or regulation regazding use,ownership and occupancy of the Property.Tn�stor will comply with all
<br /> legal requirements and restrictions.whether public or private,with respect to�the usc of the Property. Trustor also agrces . • .
<br /> ' that the natnre of the occupancy and use will not change without$eneficiary's prior written consent.
<br /> No portion of the Property will be removed,demolished or malerially altered without Beneficiary's prior written wnsent ` :
<br /> . except that Trustor has the right to remove items of personal property comprisino a part of the Property that become cvorn
<br /> I .
<br /> � vage?ol 6 �
<br /> • :1993 Bantcrs Systrms.�rc.St G�tl.!/N�1 800 397 234�� �n.T nG CO DT NF �O•3097 � ,
<br /> .. ' �_��
<br /> . , ---�-•
<br /> '. - ., . • .. . . _ r . eT .. " ��
<br /> . . .
<br /> "'i^�. .. .. - _. . � �. _..... _. .� „ ' �. �._. ��,��...�.. <.... �,.. ....�. . . ,. .�, � �� �r
<br /> , . . . -. . . ... - .i-'. • �." � �_..'_. .r.. .31..... _ SA'..._.. s . a�4�c.�..:.. �c•:�aj'_ .y L�.� . t.
<br /> .}�� ..�.. '.�°!. �;1�'1,1 Y _
<br /> �.i � -.. . -. . .. :,_. : •�...
<br /> ... .... _�t..... ... ._ ..._ i... ._. 'a .� . ' 1 .::
<br />
|