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<br /> . . . - DEEO OF TRUST � Page 3 �` � _- - `
<br /> � 02-18-9998 (Corotinued) 9$— ��i��� �. �
<br /> • Loan No 657478 � . .
<br /> ,`, ` . � ,
<br /> prop�y. T�tor shall name Lender as an add�tiona�obhgea und�r anY surety bond tumished in the co�test he�9�����d shelt � . � �
<br /> . � EvlGenee of Payment. trustor sheU uAon demand fumish to Lender satisfaGory evlQenoe at P8Ym8 ,
<br /> . . .` authorlx9 the apPropnate gcven►menfal otiNae�to deliver to Lender ei any dme B wrdten statement af the texes end asSess�e�'89��� ' ,
<br /> '+ ProPe�Y• .
<br /> � Noflee of Constrt►ctton.Trustor shan natity Lander af teast frfte�n(t5)days Oefore any wOr1c 1s eommeneed.any seMces tue tum�shed.°��y
<br /> , • j matQriats are suAAGed to the P►opeAy.i}anY mec�^�S 4eM mate��n's Uen,or other Gen coutQ Oe asserted on a000unt ot the woAc,
<br /> . s�rvtc�,or matertais. Tnutor vn��on requ�t of LenQer fumtsh to Lender advar►oe sssuranoes satistactory to LenQer that Tnutar ean and wiU ,
<br /> pay me cost at such improveme • �
<br /> � PROP�i7'Y DAMAGE(KSURANC�- The tottawing provisions relating to insurfng the PropBrty ere e P��this Oeed oi Trust. , .
<br /> .. , NIffifttenattsa of tn8w�►Ce. Trustar shail Procure and m�l�ain pcGdas of fae insurance� an amou�nt snuffi a8m to evogid eAD�8on ef any ,
<br /> - , c�taoemant b&sis tor the tuu inswabte vatue coveri�dause in tavor�nder.t ethar wit�such othar tiaierd an0 Gabtli�Y u�sura�►ce as Lendar - ! - —
<br /> ' . coi�uuranoe ctause.an0 with a standard modgagee and bas�s reasanabN ecceA�te to Lender and issuad by a
<br /> tts ,
<br /> �y�o,�apty tequ've. Poticies 5hell be wriif�n in torm,amourds,covsraSes
<br /> ` • cae'iAam or compaN�reasonabif►acoaPtabte to Lender. Tnutor.upon reAUest oi Len4er.wui dativer to Lertder from time to tlme Ma polldes , . ' `
<br />- ar certi6cates ot Insurance in form setlsfactarll to lender.tnduding s6D�o�i dud9 esn e datseme�providin9 that co�eraq�In favar of '.c . - ,-
<br /> . . t e a s t t e n(1�)d a Y g P��wtilten notke to Lander. Each ictsurance Ooticfi n Should the Real ProAedY a�ar►Y 4�+�e • -- -
<br /> ' ! Lender w�71 not be impatred in any way by ai►y e�►.o m�ton or d e t a u t t o f T n a t o r a r a m l o i h e r p e r s c • R�Q�a�T�r,i ar .
<br /> • j pecame tocated in an area designated Dy the Director ot tha Federai EmeBensY Managertte�� ��oan�.ugpst�o�r e ma�dmum pofieft�� . • '
<br /> h . ��
<br /> , •,� �to obtain and mair�ffiIn Federal Fleod tasurance tar tt�e tWl ur�pald pdn�pe)betanee `
<br /> � under the Nafionai Aood Instuanoe ProBram�or as olhenaLse re4uhad by Lensfer.and to ma(Main sueh iaswanoa far the term of U�B(aan. ,
<br /> Lende�msy meke 0��of fass H Tnistot . �'.. �
<br /> � : ': �►pP1le�►on�t P�[arxeds. 7tustor shan promPBf►noti4y Lender ot emr toss or dema9e to ths ProOe�y►- • `;.,Y_�
<br /> fa�1s to do so wdhh�fifteen(1�daSrs ot the casuattY.Whether or not Lenders sec�tH is impalred Lender may.at ils etecilon.�eoatve artd retein �. �
<br /> . tP�e proceeds of anlr insuranca and apPhf the Crocesds to the redu th p�t���o�n ande repBirnTtustar stati 9repair o wplaee tthe . ` , , �g;.,°',
<br /> ` ' �estoration and reDatr af the Property. 0 Lender elects to ePP�Y . �- -
<br /> ` 1 damaged or destroyed Impravemerds in a manner satktactory to Lender. Lender shaib�Pcn satistadory P�f of suct�exPenditiue.P8Y o� • ' .�..``
<br /> ; ..i reimburse T�h e nol6even disbursed hwithin t80 dat after tAev��A�vuhiCh Lender has not Co mitted o ihe�rePah'o��OraBon o � . ,� :µ
<br /> , � P�QS whtGh 8 -`;L��.. '•.
<br /> me P►operty shel►be used first to pay any amou�A owing to Lender urtder this Oeed of(���Ppa���fl o�e 1 debtednessn such � ,�;�%
<br /> � ' acry.shail Oe spPU�to t�e pnncRpal baia��e of the InQebteQness. H�-ender hoids ar►y P � j,-�„�-�s,
<br /> . .•,�-"t, prOC@edS Sh81t b9 Peid t0 TNSIO�85 TNStOfS itde►e5t5 rtISY BPD�• r�:�
<br /> , ; o!the PropeAY covered by Ws _ 3 i
<br /> � i UneYpited Insurence at S81e- Any unexphad insurar►ce sha11 inure to the benefit of,and pass to.the purchase�
<br /> .���
<br /> Oeed ot Tn�s1 a1 any trustee s sa19 or other sale h8id under the provisions ot thts Desd of Trusi,ar 8t any fot8dosure sete of such Properly. '..�
<br /> �� ...� CamAlianoe wlt�F�dstin9 IndebteQness. Ouring the Pe��in which any 6�asstin8 Indebtedness described below is In eifecT.comP�ance w�
<br /> 1 the insurance provisions contained in the ir►sbument evidencing sucM Exlstin9 Indebtedness shaU constitute comDGance`n�me insurance �s,.'`-"�t;:
<br /> - . , • 'r; 1 provisions under ttiL�Oeed of Tnaf,to tha exte�ccmpGance wtth the terms of 1h1s Oeed of Trust woutd canstitute a dupiicetlon of ir�surance �_y�
<br /> � cequirement H any proceeds tram tha insurance become Pal►eb►e on loss.ihe Provlslons in this Oeed at Trust tor�ivision of proceeds shal► 4 F :
<br /> appry oNy to thet portion of the proceeds not payabie to the hotder af the 6dsGng InQebtedn�s. .
<br /> • with eny provision of this Oeed of Trust,InGudng any ob1igaUon to malr�in E�dstln9 �,;_��f�.�;�:;
<br /> EXPEHDITURES BY LEN�ER. if Tnutor taiis to comV�Y �� ?�: „.
<br /> cnae�sa��e 9an Tnisto s b ha1�f may,�bul stialt not be quired�.t�ake anY acUO thai LenQ r Ce9ms epDroD� �►y a�n ihat I.ender � �:
<br /> Property,Le � � -
<br /> � BRIOt18 �ri •�"5t�.
<br /> ?r y • expends m so daing Mn�a�nde�s o�ption,ewiup(a)be PaYa�te on deman0.(b)be addedc o t e ba ance of the Note ead be apR t�ned�t by !�«,�--
<br /> xp
<br /> � Trustor. All suCh e�e .
<br /> � t and be payahie with any installment paymants to beco�fc�e�be d eeaed�D8�a1 the Notveus�mat udtYraTh�Qeed ot Tr��ut elso w1D ecure ',..��'�`:�;
<br /> '! ot the IYote,or (c)be treated es a balloon payme h S��be in aQd��on to any other riShts or any remedies to which Lender may be . _
<br /> �,�,��:1.
<br /> .� paymetd of thase amounts.The dghta provlded tor in ltiis para9ra0 :. . :..:.
<br /> entitled on 8ccount of ths dsfaNL MY such adion by Lender shali not be construe0 as cur(ng the detauN so as to bar lender irom any remedyr that ,. Y. ._ ; "
<br /> , . � � it otherwise woutd have had. --- .::•?r�'�-
<br /> . ' . � � •<�.�
<br /> WqRppi,ny:p�SE OF TITLE.The toilowing provisians reia8ng to ownership ot the Property ere a D�ot this Deed ot Yrusi. ...1F:._
<br /> � tre9 and etear o}all tler�9 and � .•;::
<br /> TIUo. Trustot warranffi ihat (a)Trustor hotds gaod and meAceffibig tiUe o1 record to the Ptoperly in fee simpie, -_,.t.�•.�-
<br /> `+ 11 encumbrances othsr than thasa set toRh In the Real Property destxiptlon or in the 6dstlng Indebtedness secUon betaw or in any titla insuranae '�' ;,t.��_:
<br />. • 1 � � ' j '-•
<br /> pollcy,tiUe repoA,or final QUe opinlon issued(n favor of,and axepted by.�.ender in conneCtion with this Oeed of Tn7sL end (b)Tnrstcr has tNe
<br /> � fuD dght,power,and suthurity to execute anA del'iver lhis Oeed of Tnisl to Lender. `;._,
<br /> , ' . � petetiSe of TIttO. Subjecl�o!he excePtiOn in the paragraph&bove.Trustor werrants 8nd wiD forever defen0 the tiUe to the Propettyt s$01nst�d9
<br /> lew[N claim5 of ail persons. tn L'�e event any action or proceeding is commenced that quessions TrustoPs UUe or thin suc p�ocesdin9.bu� ��
<br /> � Lender under this Deed olTrust.Trustor shatl defend the acUon atTrustors e�ense- T�sto►m3Y be the nomtnal partY
<br /> . . Lender shall b V e on��e�deirver80 to s�de�r suchnnstrumecris as Len6srimeY�4�h m nme t U e`otpennit S C 0�����a : '
<br /> • - Trustor will de e, IlCabl9lawrs. ' . • ,
<br /> ;•''' . Compllanee With Lawa Trustor warrants thai the PropertSr and Trustors use of the ProDertY comp0es with ail existin9 app
<br /> � ' ortlinanCes,and regulations of governmental 8ulhorities.
<br /> .'!� ! p(ISTING INDE9TEDNESS. The foilowing provisions eoncerning existing indebtedness(the'�xisUnB�ndebtedness7 are a 0�1 a<«�ed of
<br /> ��• � Trost. � � �.
<br /> f.
<br /> � �n91s and a ees to pay or�sea to the payment ot9,the Exist ng�t debt dness a�t pee en enY detautt on�h Ind btedness�any det� ,
<br /> covenan 9� . �
<br /> � i under the instruments evldencing such indebtedness,cr any default under any secunh►dxuments tor sucfi inr�CteQness.
<br /> .rs 1. peteUlb If the payment o1 any installment ot prineipal or any»terest on the F.xisUnB�ndebtedness is not made withln the Us.e requUed by the .
<br /> . � nate evldencing such intlebtedness,or should e defauit occur under the irrshument securing such indebtedness and not be cured during any
<br /> appNcable grace penod lherein,then,at the opl�on of Lender,the�ndebtedness seeured by thls OeeA ot Trusl shall become immediatefy due
<br /> � and peyabto,and this Deed of Trust sha�l be in default.
<br /> • tdo MoEtflcetton. Trustor shall not enter Into eny agreement with the holder o1 any mortgage,deed ot VusL or ofher Secudty flpre0ment whleh
<br /> � � heS pdodty over thls OeBd ot Tru51 by whlch tha18gr29meM i9 modifled,emended,extendea.or renewed withoUt the pdor Nrtltten con5Bn1 of
<br /> � Lender. TruStOr SheU neiiher request no►acCeD�A�Y tulure Bdvances und8r eny Such SeCUtity 8g�eemenf without th9 prlof wAtten Corts8nl 0)
<br /> Lender. �
<br /> CpNpEMNATION. The toliowing provislons relaUng to condemnation prooeedings are a parf ot this Oeed of Trust. ,
<br /> . ApDtleatton'o1 ot conde�a on}Lende e ay at its}ethecUon�eequlre that eti or anybporUon of the ne D p��of t�he awayrd beDapptied ifo lho
<br /> • . purchase In eu 7ha net praceeds ot the sward shall mean the award after paymenl of eU reasonabie
<br /> Irtdebtedness or the repa��or restoratlon ot 1he Propedy.
<br /> costs,0xp0nses.snd attomeys'fees incurted by Trustes ot Lender In Connec8on wilh the cOndemnallOn.
<br /> ; pra��d��g,q, 1}eny proceeding�n condemna8on fs filed,Trustor shall prompUy notity LenQer in wdUnQ,an S ch pto�d�8 b���er shall ' �
<br /> .`,r. steps as may be necessery to Eetend the ecNOn and obtein the award. Trustor may be the nom�nal paAy
<br /> `�� be entiltad to parUCipate in t he proce a tl i n g a n d t o b e r e p r e s e n t e d in tAe proceeding by counSei 01 its own cho;Ce,end Trustor will detiver or
<br /> " cause to be detivered ta lender such m5lruments as may de requested by d hom time t0 rme to permit such p u r t iC lpa U O n.
<br /> a� {MPOSITtOtJ OF TAXES.FEES AND CHARGES BY GOVERNME N T A L A U T H ORITIES. The toitowing pro�sions retating to govetnmentat taxes.
<br /> �ees and charges ara a paA of lhis Deed of Trust:
<br /> Current Toxes,Fees Ano Chruges• Upon requ05t by Lender.Trus�or shali exeCUte Such dOCU�ne�ts�^a TruStortshelt reimburse Lendertlof�le
<br /> � whatave►other acuan�s requestetl by Lender to pe�ecl and contmue Lender's Iien on the Asal PropeAy.
<br /> ...ti• taxes.as descnbetl bei�O�u o9 ntary stamps'a d ot er charges for ra o�d g o p eg�stenng ttf s Dteed O9T u51.06ed of Trusi,Including wdhout
<br /> i�mrtauon a�i taxes.tees. �
<br /> - _ T�e�.�ln��;Q�9en s'e u ed bY i�s Deed otcTrust S(b)'a SpeCifiC taxeon Ttustorcw�h TruS oir is eu1h�0►�ed or e�v�red io dea etrr►om
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