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<br /> DEED OF TRUST �7..n Page 3 . � ; ;
<br /> wa.-tYT �� ��i.��.�a� -:�r_ �
<br /> � 4oan t�o g28s84 (ConUnued)
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<br /> ktSeen(16)days aRer t!�Lbn artses ar.i}a�en 6 Hted.w+thin fifteen(15)days aftef Trustor has nohco ot the�ng.secure ihe d�schar9a ot the �
<br /> �n,or N req�ed by lenQm,depos�t wittf�ender cesh or a sttffident corporate suraiy bond or other securiiy satisfactory to Le�Aer in an � �T:'�
<br /> amount suffid��to d��p9 ttie�%en plus anY eosls and attomeys'(eas c+other char8es that could aaxue as a resutt ot a foredosure or sate �
<br /> undar ltie lien. In eny co�.Trustot st►ell defenE itseli antl Lender and sha��setisfyr any advarse judgment betflre snforcement aga�nst 1he
<br /> prppeaty. TN.,�'tor shaU nsme�-endet es dn addBonet aDl}gee under any surety bond tumished in tt�e Contest proceedings• , ��
<br /> � Eyi�ttee p}piy�lnL Trustor shaU upon demtsnd fumish to Lender satisfactory e�dence of payment ag tne tazes or assessments and shaU �; ,
<br /> guypti�th3 upptpyrtatg govstnm3ntel ot8sie►to dsiiver to Lender at any 6me a wniten statament of the tazes and a5sessments aya�nst trie . y .
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<br /> kpyq pp Cp�tiCHpt1. Tntstor shptl noUty Lender at least fifteen(15)deys betore any work ts commenced,any services are fumtshed,or any '
<br /> matetl8ts ue SttppCed t0 It�Pro�c+RY.M er►Y mec�antc's lien, m8terlslmen's lien, or oth8r Gon could be aSSerted oa ecCOUet of the woAc, � �
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<br />- se�vSC4g,pr rnataridls. Ttustar tv81 upon request o4lenGer furrtish to l.end:x advance assursnces satisfactorY to Lender that Trustor Can end wiA
<br /> pay Uw Cost of suct�improwmerds. )
<br /> pROPEp11f DAlGtiE INSURANCE Tha toaawtt►p p�ovisions relating to insurir►8 the ProDertY ate a part of tRis Deed of Trust. _
<br /> q��t�n�e Q}(�ttrantg. Trustor 5hs0 procure and ma�ntam po�ides of fire insurance wdh 51a�dard ex�ended coverage endorsaments on a : � � �'
<br /> rept�Cement basis tor fhe tuU insurable value coverin9 all�mProvements on the Rsal Properly tn an amount suffiaent to avoid appficetion of any i �..
<br /> eWttsurance cktusg,nnd with e standatd mortgaQee ciause in tavor o!Lendsr. Trustor sM also procure aad mai�tain cumprehensive gerterai r
<br /> [IabO'ily insuranc6 in suCh coveraSe emaunis as Lendar may request wlth bustee and Lender being named es addiUOnal ir�sureds in such I"iabiliiy E • . ,
<br /> ,'j ��pa{qes, pGd'iyunal{y,Trustor shaU maintain such other insurance,irtduding but not limited to ha�rd,bustness interruption,and k
<br /> � � ba�er insuranGe.es l.ender may reasanabry�1uhe. Polides shaU be w►itten in torm.amourns,ccvera8es and Dasis reasonsbhl aeQaDtabte to 4 • ' • ,�
<br /> � LAnda and issued by a campany a comPersies ra�sonabry ecceplabk�ta Lender. Trustor,upon request ot Lender,wdi delivec te Lender from �
<br /> �j Ume to tlme tt►e polfcies o��er�a�s of i�;urar►ce in form satistactory to Lender,induding sttpula6ons that coveragas vuf0 not be cancoBed or . . �
<br /> `' dlrynBhsd wfthout 81 feast ten(t0)dayrs'prfor written no6ce to Lender. Each insurance pdicy also shall indude an endorsement providing thaf F
<br /> �; covorage in tavar of Lender tv�l not Ce impsired in any way by any ad omission or detault of Trustor or any other person. Should the Real
<br /> • � Prt�petty flt any time beeome located(n an area desfgnated by the Duector of the Federal Emergency Management Ageacy es a speaei flood I —
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<br /> � ►�rA areg,TniStaar aprees t+o obffiin and malnfain FeQeral Flood Insurance for the fuli unpaid prinapai balance of the loan,up to the ma�uum
<br /> pp1k7�Ort�is set under tfie NaHonai FtoCd�nsu�an�e Pro9Bm•a as flihe��se re4�d by Lender,end to malntain such insurance for the te�of
<br /> the lotrl. �
<br /> � App{{�pn pi p�peaeQs,Trustor sfia0 prompriy noUty Lender of any loss ar da.:age to the Property. Lender may make proof of loss it Tnutw • ; • •
<br /> i fa�s to Qo so wi#Ttin Gftean(tb)days of the casueliy.Whether or not Lender's sz�:tli is impeired.Lender may.et Its election.receNe and re9an ,ti ,-c�'
<br /> � ttN ptopoeQs of arry ins�uance and aDD�Y�D���to the red¢ction of 4he InGebtedness.Payment ot any Gen aftecting the Property.or the �,�.
<br /> nstoratlon and repah of the Property. lf Lender etects to aPPN the proceeds to restota�on and repafr.Tnistor Shall reAsir a reptace the ��.-
<br /> �� dart�appd or destroyed Impra++emerds in a manner satlsiactory to Lender. LSnder shall.upon satistactory proof of such e�end'Rure,DaY o� ... _ '�r. — .
<br /> •� �eimDtese T�ustor from the proceeds tor the reasonable cost of repatr or res33ra3on if Trustor ts not in defauii under this Desd of Tnut. Any ` � . ��
<br /> prppopdg whlch have not been disbursed withi�180 days after their rec:eipt antl which lender has not eommitted to the repair or restoratlon of ,G ;.,:
<br /> ttq Properly Shafl be used flisl to DaY any emount awing to Lender under Mis Dead of Tnut,then to pay acaue0 interest,and iha remafnder,it �,.�j,_.-^ -c,,
<br /> g�y�Sh�p pg gppt�A to ttie principai batanee of the indebtedness. If Lender hotds any proceeds after PaYment in fuil of the Indebtedness,such .t�•.. �` i
<br /> .' procoeds sheil be pald to Trustot as TrustoPs laterests tnaY ePC�• � . '< :,`
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<br /> (�e 7�U e f 1 t n W t a n e p a t S a t e. M y u n n x p i re d insurance stiali inure to the benefit o},and pass to,the purchaser of the PropertY covered by thls _
<br /> pe6c°of Tnul ai a�y b'Wfee�s sete or ott►er sai9 heid under the pro�risions ef thx Deed of Trust.ar a t any fo r e c�o s u r e s a 1 e o f s u c n P r o p e r t y. -. , —
<br /> TrustoPa REpc�tQ on Insuteneo. Upon request cf Lender,howe+rer not mora t:zn ona3 a year,TntMOr shalt tumish to Lender a repart on eacf► , • �., �.� ,` �, _
<br /> ex�yny ppiby oi L�.surunce show�n8: (a)the narne of t�a fnsurer, (b)the risks-.sured; (c}tho amount of the po0cy: (d)the propeAy insw�. � ._
<br /> '; 11►8 fhen curtent replacemant vaiue ot such property,end the manner of de�rmfn�ng that valus;antl (e)the expiration date of the pcc..�j. ,
<br /> Trustor shall,upon requ�t of Lender,have an independent appraiser satistactory to LenEar tlG2rmiae the cash value raptacemant cost ot t�e ' _-f �
<br /> �Y• �t�il��it =...._
<br /> , E�E�ID(TUR,ES BY L.ENDEA. If Trustor fa�ls ta cacnply with any pravuion nt this Deed of Trust.or�f any acUOn or proceedng is commence d t h a t : •��
<br /> '� would rrulari�eUY eNect l.endefs�nterests in the Praperty.Lender on 7rustor's bet�.'f nay.bul shatl not be required to,take any acUon that Lender � `
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<br /> ' 6ggms appropdato. My amoun!thal Lender aYpen�s in so doing will bear inierest at the rate provided Eor in the Note hom the date tncurted or paid ,,,��'��-
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<br /> � �, by Lendor tc the date o!repaymant by Tnator. All such e�enses.at Lenders op�on,will (a)be payabie on demantl, (b)be added to the balance �'- �
<br /> of�NOtO and be appalloned 8mony and be payabte with any instaliment payments to become due during either p)the term of 8ny ap0�icebte -�,i°
<br /> ����p ��,•y q� ((�R�e rem8lrUng term o1 the Note,ot (c)be freated as a baltoon payment whicri wiU be due and payable 811he Note's maturity. : r� ..;,.:._�
<br /> Th�p�d p�Trust atsp yvp!socurg pgyment of theso amour�ts.The�gh�provided tor in this parapraph shail be in addi�on to any othet dghts or any
<br /> rpmedg�tp wNch Landar may be en�tiBd on aCCOUnt of ttui default. Any such acUon by Lendet shaTl not be Conshued as Curinp the detaNt So as to ��,�,�.
<br /> . b:r Lrsn�r fram any�dy that tt ott+ww'sa wo�Dd have had. _.... ;. _ -
<br /> ' yy�pp�iy�p�F�l1gE pF TITLE,The idlowinp provisions retaflng to ownersNp of tt�e Property ere a paA of this Oeed of Trust. �,,. ` ____
<br /> ' �. Tnata warranls thar (e1 Tn�tor hdds Qood and ma�lcetabte ti8e of record to tha Prc�tY in tee simpte�free and dear af aY Uens nnd . _
<br /> �rfCUmpranca�oth�►than thosa sef tortfl in the Rpal PropertY�esc+�D�on or in any UUe insurnr�ca D�Y�tiUe repart,a flnallHle oDinlon issued in ,.'�_�
<br /> : � tava ot,and acc�epted by.Lertder i�connection witfi this Dee6 of Tn�t,and (b)Trusta has L`te fun dyht,power,and authority to execute end , . . _ —
<br /> } d�Yw 1fYs 0�ad W Tnist to Lender. �`''.. . ' . ,.�-
<br /> ����. ?���V:�p��w�...�ro�.a�.,���:.�T�f..,�.,��ann wL'1 tnrever defend the tltle to lhe PropeRy flgalnst t'e9 , _. •
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<br /> latw(t0 CWms of aN petsor�. In the eveM any aCUon or proceeQing ts comrr►�nee0 that questions Trustor's tiUo or tha interest of Trustea ar
<br /> Lend�r undw this Deed o1 Trust,Tnutor sha0 detend the action at Trustors e�ense. Trustor may be the nominal paRy in such proceeding,but +�,4 •
<br /> Landor thap be antltled to partldpate in the proceeding and to be represented in the proceeding by counsel of Lenders own chdce,and , _
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<br /> .� Tnatpr yrpl deliygt,or t�use to be delivered,lo Lendar sucfi instruments as Lender may wquest irom time to Ume to permil sucA paAlCtpaUan.
<br /> � �py��cfi':111 L,�wa. Trustor w8rt8nb tAat ihe ProDeAY and Trustors use of the PrapeRY COmplies with ell existln9 HVA��� �a�� —_
<br /> w arBnanas.a�sd rsputatlons ot qovernmental authorNles. .
<br /> � CQh1DEIMNATION.The(dlow�np ptovlslOns re�aUng lo Condemnation proCeedings a:e 9 part of tMS Oeed of Trust. ; ��
<br /> � Apptkation of Het ProeeeQ�. �1 a0 or any paA of the Property is condemned by e��ent domain Droceedinps ot by any proeesdinp w
<br /> purCtul�in Ileu o!condemnaUon,Lender may et ita etection require that ali or eny portion of the net proceeds of the award be aADtied to ihe � _
<br /> �ndtbyagrtess or Uw rpak w rostoration ot the 7roperly. The net prooeeds o1 the award shaU mean the award etter payme�t ol an re�sonable � _
<br /> �}�,��y,and attpmeya'fees Incuned by Tnutee a lender in connection with tM eondemnatlon.
<br /> p�p��„ �}a�y pripeeediny In condemnaWn ts fited,Trustor shaV promptty notHy Lender in writing,end Trustor sha11 prompUy take suGh . _
<br /> t stpa as may be neoe�ll to defend the actlon and cbtain ihe award. Trustor may be the nominal party in sucfi proceedinp,bu1 Lender shall �j.,
<br /> a�t�to pe�iti�to�Lender suc��sU�umenb a4 may ba�requested byt fro�m Hme oytime f pierm t such p Ricipa on.Tnistor wW detiver or
<br /> ' .:I �Mp�g��p�pF T�Eg�FF�g A!{D CHARtiES BY GOVERNMEHTAL AllTFWRITIES. The toflowing provisions reiaUng to governmental texes.
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<br /> � hss and eh�rpes ara e part o1 this Deed of Trust �'�
<br /> �.i CurtOnt TlncES,Fees end ChYQes. llpon request by Lender,TrustOr shaii execute SuCh dxuments m adddion to this Oeed ot Trust and take �
<br /> wh9towr other actton Is requasted by Lender to perfoct and conUnue Len�ers lien on Ihe Real Properry. 7rustor shall re�mburse lender tor t►II �
<br /> �i Lxa�,as�escr(ped below,topether w11h e11 axpenses incurred In reGading,perfecUng or conLnuing this Dsed ot Trust,including without � �
<br /> YrNGUon aA ttues.fees�dacumentary sffimps.and other cnarges fa recording or registering this Oeed of Trust. i � _
<br /> TC1tef. TM toilowlny sh80 COr�58tute f&xe9�o which ihls SeCtton epplies: (B)e speC�fic fex upon this type ot OoDd ot Trust or upon all or any � _ _�-
<br /> part of the Indobtedness secured Oy thls Oeed of Trust; (b)e spactflc taz on Trustor wn�h Trustor�s nuthorized or roqWroO to aeduct hom �.
<br /> paym�nls on 1hs In�ebtedness secutad by thls type o}Deed of Trust; (c)a tax on tht3 type of Oeed of Tnut charpeab�e egainst the Lender or � .
<br /> tAS hdrlar W lhe NOte;and (d�a sped�c ta�c on all or any poruon of Ine Indebtednass or on peyments o}princtpal and Intsrest mada by
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<br /> &ub�uent Texes. If any tex to which tNS saction applies�s enacted subsequent to the date ot th�s Deed of Trust,this evant sAall t�ave the
<br /> p�OV�lded betOw un�s Trus oef e here(e)peys the!ax b0to e�tBbeCOmes de��rque 1 or�(b)Contssis h'0 btex as pro ded ebo Ee n�tAe T�FVC}es'8 d °
<br /> ; Uens secUon and deoos�ts with Lendor ca5h or a Suffident corporate Surety bond or other Securnyr sat�sfactory to Lender.
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