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<br /> DE�D OF I�tUST Page 3 : ,t . •`.
<br /> . 03-18-1588 (Cor�tinue� �� ����� < -` -` .
<br />... . � L.asn No 6'7�326 � ° . ° _ .
<br /> . .. ' of rntst. � �t.• ^
<br /> - ' •' ,! Right To ConUest. Trustor malt wHhhotd payine�rt of any tex.�8+��daim Tn eonnee�on with a gocd feith disDu�Tnutor shaU vuittd� . �•
<br /> "` ` 3 m PBN.so long es Lenders intmest in the PtopedY�nCt jeopefd#zed. Y a 1'ien erises�I5 fled es a[esulf at nanpayment.
<br /> � fiReen(15)daYs after the Gen adses or.B a 6en is fited,w�tNn fiReen(tSy daYs aRer Trustor t�as notice af the fiGng,sec�ue tlie�schaBe o�1� «: r,•�.; � '
<br /> ' ` : ;� yvnh lender cash or a suiBdent eorPorate su�ety bortd or other see�itN sa4sfact°ry to tender in an , .. •
<br /> Iien.Or if cequas0ad by Lend�.d e p a s i l eos15 and atfomeys'fees or other cher8es that cout d eocrua es a result Ot a torectosure ar sais
<br /> �� amoimt sufHcte�d ta discheBe the Gen pius anl►
<br /> - • . � urtder tRe lien. To enY�rd�. �an ad�nal o ll�Sea urtder eaY SuretY bond��hed�codntast P,brxaedlmg5. �mar�t agatr�st the .. c
<br /> - prpAertY. TrttSW shell ` -
<br /> � L Trustor shafl o0on demend tumtsh to Lender saflsfactorY evidenee ot paYment of t1�e taxes cr essessments and shat!
<br /> .� Ev16et1C0 Of Payrtc� h
<br /> -��, � , ` . - authaize the BpP�D�9�amme�l offtciai to de!'iver to Lender ffi anY 8me a wdtten slatement of the t�s and assessmerds Bgalnst the -
<br />=;:, -- ' -. "=-r�'(� �o�- v�ak ts ccmmertced,any seMces are tumts4►s0.or enY --_- �, .
<br /> NoIIee of Cunstruetion.Tnistor shaD notitY Lender at least fifteen{f�days bafare anY �-: s.
<br /> ntr
<br /> ` `. � materials are suPPRed to fhe ProABrtY.it any mechanic's�en,materiatmen'S lien,or other Uen couid oe ��L.ef nder thffi Tntstor ean end w� `...,�
<br /> , • .:� serviees.or materieJS.Tnator vriu upon requesl ot Lender furr�sfi to Lender advance assucanoes satistact ry __'.`'-. ..
<br /> � pay th9 cost ot such improvements. �
<br /> � ` `.+ PROQIERTI►D6IMAGE�l11Slf��K�'The tollowfng ptovfsIons reiatin9 to ir�sudng the PropeAY ere a Part ot this Dead of Trust . • =`'�
<br /> .s,` . ' � 'I tdaln4enance ot tasurm►ee.Tn�stor shaU procure end mainffiin poGdes of fae i�uwance vritd n�an amouc�it snidfide�o a��roid aypQc�iion�ol anY ;.r`.; •. . , �`::
<br /> c. •: �e p f a c e m e n t b a s l s for the fitll insurabte vaiue covering aU Imin favor L e n d e r. T r u s t o r s��a 1 1 e t s o praaue and msinffitn comprehe�ive 9enerel ,.,.
<br /> ' coinsurance cfauss.and wfM a sfar+dard mattgagea Gause . ,,�.��..
<br /> ' 11abSity►[nsurartoe in A d�ho" nalty,�Trustor sha0 matcdain such other insurance.i duding bu1 n1 Qmited�to �hazard.bt�siness i ir�ertuPSOn�a�nd . , ,� ,,,?; -`,
<br /> s•� . '- � i n s u r a n c e p o i�d e s s h a A b e w ri l t e n i n f o rt n.a m o u r d s.c o v e r�9e5 and 6asis reasonabry accePlabte to .cr. - _
<br /> � hoiter insurance.as LenQ�may reasonabh requhe. PoUdes �to Lender. Tnestor,upon reQuest of Lender,vnU delhrer to LsnQer from . _��,- `
<br /> � Lender an0 issusd by a company or companles Teasonabhl exeA `-
<br /> :'�c;�_--
<br /> ,, time to�me the poGCies ar certificates of i� xrcitte�nott"ce t le�t�iruurance Po��ha11 inetude an e do irseme�providtng that �
<br /> i; , diminished without at teast ten(10)days�0 ;;. �,...
<br /> coverage in iavar of Lender wiil nat be impaired in arry way by a n y a c t,o m L S Sion or detaWt of TrustorMo���e t Agency as a sp e d 9 l ft o d .,.�. ,
<br /> propeRy at arry time become tacated in an area desi9natad bY the Director of the Federal EmeBe �Y ��� :�'. :;;._..-
<br />- ; . ` hazard area,Trtntor agrees to obtaln and maietai�Federal Rood lnsurance far the tu0 unpaid prindPa�balance ot the taan,up to the mmdmum t �;�,
<br /> �._:'".••,--.
<br />.�_�• � .,. 1 polih.y Gmits set under the Na6onal F►aod Insurance Pragram,or as otherwise requfred by Lender,and to meintain such insuraace fo►the term of `• i '�,�_;:
<br /> ,,� . , _{ lhe toan. - -- I i '
<br /> no Lender ot anyr toss or damage to the Property. Lender may make proof of toss i1 Tiustar -:�;,,��-
<br /> �:; •' ' � APAUCaUon of Pmceeds. Tn�tor shail pronWtlY t�Y Lender may,at its electlon.rec9ive and retaln . , .c:.7
<br /> -; faiis to do so wfthin fifteen(16�days Of the casualty. Whether or not Lenders secuuilY fs�mPa��ed.
<br /> �.::�
<br /> ' the proceeds of any insurance and eRPN the proceeds to the reducdon of the Indebtedness,paymeM ot arry O�enarafte�fi�A�orDrepiace ifie ;.(��
<br /> �.` • • restora4nn and rBP�►ot the Property. If Lender eleCts to apPhl 1he Dro��ta restotBUon and repait. `�` '�;=�:�`
<br /> on saiisPactory proof of such e�enddn'e.pa9 0► }4:,Y
<br /> . � ' Eamaged or destroyed�mprovemec�ts in a mar►ner�tisfactor1►tc�ender. Lender sheii.W _
<br /> � reimburse Twtor Bom the procseds tor tAe reasonabte cosi ot repair or restoratlon N Tnlstar is nol tn detauR under thh�Oeed at TruSf. Atry ��,
<br /> ��' '� � proceeds which have not been dlsbursed within 180 days after their receipt and whfcA Lon�has not commit4ed to tAe repair or restoration of ::i.•.:
<br /> � ' the property shatl be used first to pay any amou�owing to Lsndsr urtdet th(s Deed of Tnist,tlten to pay acaued interasl.and the remelnder.if , ; r_. . ..
<br /> � any,shall be apDhed to the prfnetpal baiance o1 the tndebLadness. lf Lender halds any procesds after PaYmerrt m fuil ot the Indebtedness,such '�..`.
<br /> � - proceeds ShaU 6e paiC to Trustor as Trustors interests maY aOP�• •
<br /> � �• Unexptred Insurt�nee at Sate. Any unexpired��surance shall inure to th0 ben85t of,and pass to,the purchaser ot the PropBAy co�ered bY this . ��,�-_�j:
<br /> � � Deed of Tnist at any trustee�s se�e or other sate hetd under the provisions ot this Oeed ot Trust,or at any foredosure sale of such Propedy. �
<br /> ' � TrustOr's RepaA on Insurance• Upan request ot Lender,however not more than once a Y��u�unt orf he po Y �me 0 P8���d ''•• ,,�r�
<br /> '+ e�dsdng policy of insurance showing: (a)the name ot the(�urer, (b)the tisks insured; (c)
<br /> � the then currenl reptacement va�ue of such Property,at�d the manner of determining thai vatue;and (e)the e�iretlon date of i e poliCy.
<br /> • - Trustor shall,upon requesl of Lendar,have an indepenQerd apprelser saUstaCtory to Lender determine the cash valu9 reptacamerd cost ot the .
<br /> ' � ProPettY. , , :_:
<br /> ' p�pp�p{�{�pgg gy LENpER. It Trustar faits to comply with any provls�on of thts Deed of Trusl.or if any ac�tton or proceedirtg Is commenced that �:`�r.' �
<br /> would materiallY aNECt Lender s interests in tt�PrapeRy,Lender on Trustofs behalf may,but shall n0�be requlred to,take any acdon that Lertder .
<br /> deems approD��• Any amounl that Lender e�enQs in so doing will bear interesf at the rate pravided tor in the Note��be added�to'th belance •
<br /> • by Lender to the date of�epayment by Trustor. M such e�enses,at Lsnders opUOn,wili (a)ba payable on demand, ,-
<br /> of the Note and be appoAloned among anA be payrabie with any Instanment payments to b n�hfe�„��d�d e and pa�YBb e at the}NotesQtneNr�1D. -=_
<br /> � msurance policy or (ii)the rema�nfng term of ihe Note,or (c)be treated as a baltoon payme h shatl be In addiBon to any other dgAts or any , � •;,
<br /> ' This Oeed of Trust also will secure payment o}ihe5e amounts. The rtghts provlded tor in thls parsSrap -
<br /> remedies to which LenEer may be entitted on account of the default. My such acUon by Lender shall not be construed as curing the defaull So es to .. „ , .,
<br /> � bar Lender from any remedy that it otherwise wouid have had. a.: �
<br /> WARRAliTY:DEFfeN3E OF TITLE. The foltowing provisions re�ating lo ownership ot the PropertS/are a part of this Oeed o1 Tnts1.
<br /> entcumbrences other Aan iho58 SB!f0 h n�t e Real Prope�eeSCdPUOn or'In any UUe�nsu anCDe poliCyr,u11e p'oA,080 al UU0 apiNonui55ued n • �
<br /> �� favor ot,and acceDted by,Lender In connection wiih this Deed ol Ttust,and (b)Trustor has the fuli rlghL power,and authadty to execut9 and
<br /> deiiver tAis Oeed ot Trust to Lender. � .
<br /> � � Detense of Titte. Subject to the e�cceAUon In lhe parag►aPh abova,Trustor warranb and w(ii forever detend the UUe to the Property against the
<br /> � , lawful cielma of all persons. In the event any acNon or proceed��g is eemmenced that questions Trustors dtle or tht�such proceedin98 bN ' ':.
<br /> lsnder under lhis Deed of Trusl.Trustor shail defend Ihe actlon at Trusiors axpense.Trustar may tie the nominal party
<br /> � Tru sot wtll�de vernottCausepo bie d81We d to Le�de�r�such instrument�as Le der�may r quest from tlme o�me't pe mt suc paAlcipaUon.O _� . �
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<br /> . • Compllenee With LeH►s• Trustor wartants that fhe ProDe�Y and Trustor's use ot the Property complies with ail existing appiicabte laws,
<br /> . � � otdinanc89,and regutations ot government2l autnorlUes. .... .
<br /> CONOEIVINATlON. The foUowing provlstons reiating to condemnation proceedings are a Dart of thlg fleed at Trust.
<br /> : _ • � � Applleatlon of Net proceeds. 11 all or any paA ot the Ptoperry is condemned by����o}�he�8�ip�DOCeeds o i�he°awbeyrd beveppi�ied to the
<br />, purchase in lieu of Condemnstion,Lender may at its etecUan require ihai all or any p
<br /> � • � Indebtedness or fhe repalr or restoration of tne Properly. The net proceeds of 1he award sheil mean the award after paymenl ot all reesortable
<br /> i costs,expenses,and attorneys'fees InCUrced by Trustee or Lender in connectlon with the condemnatlon. ,
<br /> 1 Praeeeding9. If any proceeding In condemnaUOn Is filed,T�ustor shall promptly notify Lender in writing,an such p ocesding but�trys der shall ,
<br /> , I steps as may be necessary to defend the actlon and obtein the eward. Trustor may be the nominai party �
<br /> be enhlled to participate�n the proceeding and to be represented in ihe proceeding by counsel ot ita own choice,and Trustor wili deliver a !
<br /> . �� � cause to be delivered to Lender such instruments as may be requested by it from time to time fo permN 5uch particlpaUOn.
<br /> , IfAPQSITtOiJ Of TAXES,FEES M10 CHARGES BV GOVERNMEMAL AUTHORITIES. Tha follovAng provtsions relaUng to gove►nmental taxes, :
<br /> � 1 fees and charges are e pad ot this Deed of Trust: �.
<br /> ��i.(� _ ,j � .
<br /> •, Current Taxes,Fee9 and Charges. Upon request by Lender.Trustor shall e�cecute such doCUments in a T�rustortshal►Srelmburse Lendertorkell
<br /> whatevar other acUOn Is requested by Lender to pe�lect antl Continue Lenders Ilen on the Real Properly. �
<br /> taxes,as descnbed below, together with a�� expenses incurred In reCOtding,peAecting or conlinuing Ihis Oeed of Trust,including withoul I . ,
<br /> � � • Umitafion all IFUCOS.�ees.documa�lary stamps.and other chatges�or recording or reg�stertng this Oeed of Trust. �
<br /> nc
<br /> Tnxe9. The lollowmg sha11 consUtute taxos to which this soction appiies: (a)a s0ecific tax upon this tYDe of Deed of Trusl or upon ali or anY t
<br /> . pa��nenls o��the�ndebtedness ecuyed by�th�s type of�eed�ot Trpu I;fi(c e tex on th�s type o1 Deedrof Tru 1 chatgeableQagtilnstt eelertde ror .
<br /> � the holder ot the Note:end (d)a specific tax on all or any portion of the Indebtedness or on payments ol principal and interesl made by
<br /> Trustor.
<br /> �
<br /> Subsequent Ttixes. If any tax to wh�ch this section epD�ies is enaeted subsequent to the date of ihis�eed Of Trust,this evanl5hflll Aave t�e ,
<br /> - same eitaei a;ar�'f<.n•�!'�Q����r rqe dnfined below},and Lendor may exercise any or all ot its avada�le remedjes tor an Event o1 Detaull as `
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