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<br /> DE�D OF TRUST ` ``.4 �'`;
<br /> � � � � Q3-11-f�88 Gor�iinust� `
<br /> . . :.; l,oan SIo 52136 "��° ����� � ' . . ` - -
<br /> ' �,: . � . � ..
<br /> Taxaa 71�e foQowing sttall oonstldrt0 ta�ces to whfch thts sectlon eppiles (a)a sPedfle tex upon Uils type ot Oeed of Ttust or upon aD or any , . ;
<br /> � � j patt of ihe tndebtedness setiued b11 Uils Oeed ot TrusC (b)8 sAe�R�tmc on Trusbor whtcti Trustor is autfla�ized or recNiced Lo deHuct trom _ . ,
<br /> .. Payrr�Ms on t�g tndebtedness seaued bY�tYPe of Qeed of Trt�st (c)a tmc on thEs type of Oeed of Trust ehacgeab►a eBaitist the Leeder or , .
<br /> • , , fhe hofder oi ttie Note:and (d�e sAe�c t�c on ell or arry�Portlon of the tndebiednes9 er on paymerts ot prindpal and interast maQe Dy -
<br /> + Trusmr. .
<br /> ,� St�seqttnnt Tesea. B arry ta�t to wht�h tlds eectlon aPPBes b enacLad subsequartt w tl�e date o!thts Deed ot Trus4 this everrt shaD have tAe k. ;' .
<br /> ` eama efteet es an Evert of OetauR(as deBned befow),and Lender may exerdse anY or eU of Rs avaQabte reme�es for en EverR of Detautt as • `k
<br /> ' ; provided tralow uNess Trustor etther (a)pays the tex be[ore it becort�es daUnquenT.ar(b)mt�tesb tt[e tex as providad ffiwve in the Taxes and . ` .
<br /> . - Liens seeUon and Qeposits with lender c�h or a sufltderrt corPerate surelY bond or other securtry satisTacrory to Lender_ '"�.. _
<br /> - S�CIJpf1y p(3IiEEMEt1ti:FlHAHCIHti STATFNIEH'iS. The toRowtng provislo�re►aling to thb Deed ot Trust as a security agreement ece a pan of
<br /> . • '"• this Deed of Tru9L -
<br /> - - ----�_-; �y p� Tlds ins�umsn!shat!wnsUtute a sepurtry agreemerrt to the exterrt any of the Properry oons6wtes fixtures a other -�
<br /> , -� personai property.and Lender shalf have ail of the dghb ot o se�aued panl►unfler the Uniform Cumneraet Cade�emended from tirtia to .
<br /> ' tJrt�e. ._ . -
<br /> � �� geqa(ty I�rasL Upon request bY�ender,Trus[ar ahe0 exearte flnandng st�emerns end take whatever other acxion is requesced by Lender ` . ;.. , -:
<br /> � to pei(ect and continue tendar's securiry ir►tetest in the Rsnb and Personal Properry. In add'�tion to reoordag this Deed of Trust in ihs real _,.; r,_:;,z.
<br /> �ti
<br /> � ;� property records.Le�er mBY.at any time and wqhaut further mnftorizmion trom TrusloG fita executsd oountsrperts,coptes or�eproductions of :,�y+ (',Y.�.;
<br /> ih�peed o!Tn�s!as a flnanring sffitemern. Trustor snall reimbuise lBnder tor aU e�enses t�cu►red in pertectlng or oontlnuing U�.a securiry
<br /> • � i�roar�L Upon detmi�,Tnistor shaU aRSembte the Personai Pmperty in e manne►and at a Ptace reas°"abN�°�erri to Tnutor and Lender
<br /> • , . { and make R avaaabte tu Lender withM iMea(3)days aftar reoelpt of wrftten dmnaa�Vom Lender. .
<br /> , ; i =-:�%,':.:::
<br /> ' `' qrarted 6y thb Deed of T st ma�ohm(r�isd(each as requtred by tlie U�'ndorm�mmeraal Coda),ere��stated on Uie fl9rst page of�Is(n0 d . , •:;;..,� .�,y
<br /> - � •_� of Trust � � �-
<br />- � R!R'IMEEi ASSUAAtdCES:ATiOHNEY-IPi-FACT. The fo¢owtng pravLslons retatlng m further assurances and ffitomey-in-tact are a part of iNs � �.
<br /> . .� DaedotTrust � `'�: �
<br /> F�a@far Asaivanea9. At enft 1t�.and irom Ume to time.upop wquest af Lender,Trusoor wiD maka,exearte and deUver.or wm eeuse to 6e �;; �'�;;:
<br /> � made,exacumd or deIlueced,tb Lender or to Lender's destgnee,and vYhen reques�ed by Lsnder,ceuse to be fited.raoorded.ce�ed,°� ,. ' : �.� .
<br /> � end all such mortgagav, _�.�--;T
<br /> rerewrQed.av the case may be.at such Umes��d in such oftices end plac�as Lend�map deem eDixop ate.arry .�:';Y;;;�.,
<br /> i deeds ot IIusL��►Y deeds.security a�eemeNS.6nand�l9�candnuatlon s�emems.inswmer�is of further assurance,ceNflce�.
<br /> - . . - . ..;'..I ..i•' . C�l.�
<br /> _ end other dowmerns as may.in the so�op(r�on ot Lender.be aec�sacY or dasirable in order to eftectuate�campfete.Perfect.eoMinue.ar _ .----�i �[r.
<br /> .1 �.
<br /> pres�onre (a)the obligatlons of Trus�or under the Note,thb Deed of Trust,and the Related Oawmams,and (b)the[tens and sscuriry Irttaresis �,
<br /> reso b
<br /> craffied by this Oead of Trust as itrst and pr[ar Uens on the Property.whether now ovmed or hereafter acquired by Tnisror. Untes9 prohlbited by �: �. ` _`�.�-.;�_�.
<br /> �`.�,� �
<br /> faw ar agreed to the oo�ary by Le�der in wrftlng,Trustor shall reimburae Lender tor eli oosts and expenses In�uRed in connecUOn with ihe ��
<br /> " �� matmrs raterted to in this paragraph. '�:�`'��`^;
<br /> i�y �r r.-
<br /> � . �•1 Attomay-tn-�sct B TrusTOr faTs to do eny ot Ute thin�reterted�o in the praoedin9 ParayePh,Lsnder maY do so fir and(n the name of _.. x .,,;_
<br /> 7rustur and�Tnisro�e o�ense. Fcr auch purposes.Tnrscor hereby irrevacabry appoirrts Lender as Trustors ettomey-irrtact tor the purpose � ,T T :.
<br /> • � , I of ineldng.execatl g,defiveAng.fiMg.record�ng�end doing eU othe►things as may be nece�arf►ar desUabte.in tsndefa sole opinion,to . . .- �=;Y
<br /> ^ �� axort�Usb tfie mat�ra refetred ta in tAe preceding para�aph. ��'�+'�`''"'=
<br /> � ..1�.'.�;' - .
<br /> '.:: � FULl,pEpFpAMAHCE B Truato►pays ail the tndebTadness,inctuding w[thout 8rtdmtlon all tuNre advences,when due,temitnates the Iina o!ae6A, ,., ,.i�+;: :
<br /> and othervalse performs eil Ure cbaSatlona imPosed upon Tn�awr under thb Qeed of Trust,Lender shell executs and deUver W 7ruste8 a request tor ,; _���:;Y.�.;;;
<br /> fuU reconveyenoe and shall execute an d d e d v er t o Tru s[o r s u i t a b l e s t a t emerrts of temilnatlon of eny finandng st�eme�n on t�e evldenGng Lenders , _..:_:
<br /> � securiry irrtorest in ihe Rer�b and the Pe�sonei Propery. Any rewmeyance tee re4uired by law shall 6e paid by Trustor.R pertNtmd by apPIIceble :.,�...�
<br /> � � .� lew.
<br /> � 0£FAULT. Eech of the bltowing.at the apUon of Lender,shall con.stlMe an event of deTautt('Everrt ot�eteutt'�under this Deed o!Truse . :'-�a!%
<br /> - Defauit oa tnd�dnass. FaiWre of T�usmr to make arry payrnerrt when due on the tndebtedness. . � . ';"-,«.
<br /> .. __:{:c?:^ic.
<br /> ' Detauft on 09�er Paymo�. Failure af Trustor within the tlme wquired by this Deed of Trust to malce arry paymertt for tm�es ar insurance.or . -.�_._
<br /> . • ..� . �':'=-=
<br /> arry other paymeM necessary to Prevem�iing of or to eftect dlscherge ot any lien. �-�
<br /> ..'..3;-...�.
<br /> � p��M Fatrot a}ThNd Partlea S�ouIO Borrower or eny Truator deiautt under arry Ioan,extensfon ot cred'A.securit5l agreemerrt,purchase or ,
<br /> � sat�a�geemer�t,or arry other e3reemer».in favor of eny other aeditor or person that may materlaliy eHect any of Bortawer's prope►lY or ���';:"
<br /> � � Borrovrefe or arry Trustots ablliry to�epay the�oans or pertortn thelr respective obiigatlons under this Oeed of Trust or arry ot the Retffied . � t_ �
<br /> Oacumenis.
<br /> , . � '. Comyttat�ce petault FaDure o1 Trustor to oorr�ly wnh eny otAer tertn,obligatlon,covenard or eondNon conteined in this Oeed ot Trust the •`�.�:'��
<br /> : Note or in any of the Refated Dowmerns. ' �_ _
<br /> l �Slabemot�. Arry warranlY.�epr�entatWn or statemem mada or tumished to Lender by or on behaif of Tn�sWr under thb Qeed ot'IYus1,
<br /> :;{ the Note or tAe Ratated Oacumerrte is t�se o►mis{eadi�9�n anY matenal�esPec4 eithsr now or at the Ume made or tumisheQ • _� .
<br /> .'` � i ao I�ta!docume�creffie a val d�and peAectad es�cu�r{ty irrtRerest or Den)��y Ume and tor�arry reasonrce and eftect pnciuding fafNre o1 any . ,
<br /> � tnsotvency. The disgo�utlon or terminadon ot Trustors e�dstence as n going business,�e olcreditor�workou�TOr�the�co�mma�ceme�a Y • •_
<br /> tot arry pa►t of Tnistore property, arry essiSnment for the benefn of creditots,any tYp
<br /> • proceeding under any baniwptey or IneoNen�y laws by or againslTrus[or. �•-; �
<br /> � � Foraclosure,Foifotture�oLo. CommerroameM of torectosure or fortetture proceedings,whether by judiclal proceeding,sett-help,repossesston
<br /> or arry other msthad,by ar►y credRor of Trustor or by any govemmental agency agaln�l any ot the Property. However,ffiIs sub3ection aha0 not � �
<br /> apply in the eveM o1 a good taith disputa by Trustor as to the vaiidity or reasonabteness of the cialm which Is ihe basls o1 the forectosure or
<br /> • foretoi0ire proceeding,proNQed that Trustor gives Lsnder wrttten noUce of such Galm and turnishes reserves or a surety bond tor ths ctetm .
<br /> i satlstactory to Lender. � •
<br /> • � greacfi of Whor A�eemerR Any breach by Trustor under the temis of any oiher agreement between Trustor and Lender thai is r►ot remediee , . . .
<br /> withln any grace pedod provided tharoin,including wlthout IlrtUteUon any agreemem conceming any Indebtedness or other obiigafion o1 Trustor , .
<br /> to Lender,whethet exlstlng now or later.
<br /> Evarttt►AfteeUn9 Gu�rantor. Any o1 the preooding ovorrta oecurs wnh raspect to any Guaranto►ot enY of the Indebtedness or any Ouerarrto► •
<br /> dies or becomes IncompetenL or revokes ot disputes lhe validity of,or tlability under,eny Guaranry ot the Indebtedness. Londor,at its opUon.
<br /> . � may.but 9ha11 not be requtred to, pertnit the CivarantoYa estato to assume uncondNonalty the obllgaUOns arising under the quararty In a
<br /> manner satisiactory to lsnder,and,in doing so,cure the Event ot Oetautt.
<br /> ' Advorse ChOnge. A materlal adverse change occura In Trustor's financlal condttlon. or Lender bolieves the prosAect ot PaS►merrt or
<br /> pertormance ot lhe Indebtedness Is impelred. I � .
<br /> tt�security. Lender In good fatth deems itseil Insecure. i .
<br /> • � p►ght to Curo. II suCh a taiture I9 curable and It Trustor hes not been glven a notice ot e breeCh ol the sam9 provislon ot this Deed ot Trust � .
<br /> v�fthin the preceding twetve(12)months,tt may be cured(and no Event ot Oefault wlll have occurted)II Trustor,after Lender sends wrttten �
<br /> � noticO demanding cure ot such talture� (a)cures the faiture within flfteen(15)days:or (b)M the cute requires more than fifteen(15)days,
<br /> immedlatety Inttl�es steps suificlent to cure the fallura end thereatter eonUnues and comptetes eil reasonabie and necesstuy steps suf(icierrt to I .
<br /> � produce compilance es soon as reasonabty pracUcal. ! � � � .
<br /> ' RIGNiS AI�1D HF1+1tED1ES ON DEFAULT. Upon the occurtence of arry Evo�l ol0eteutt and et nny Ume ihereafter,Trustee or Lender,a!its optlon. , . .
<br /> � may exercise any one ot more of the fotlowing rlghts and remedies,rn addiUon to any other rights or remedes provlded by Iaw: ; •
<br /> Qceutoratlon uporl0otauft;AddWottal Ramadles. If any avent of detautt occurs es per the term9 o11ho Note secured hereby,Lender may i �
<br /> . deGare all indebtedness secured by this Deed o1 trust to bo tlue and payabta and tho same shall thoreupon bacome due and payable vJthout '
<br /> . nny prespnfiierrt,demand,protast or notioe ot arry kind. Thoreatter.LenQer may:
<br /> �� (a) Either in person or by ngeM.wrth ot wlthout bringing eny acdon or prooaeding,or by a rowivor appotnted by a court and vAthout ,
<br /> _ , regatC to lhe adaquucy o1 its Secunty.enter upon and tt+ko possession of the Property,or any paR theroo}.�n its own name or In the name
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