|
�.,_��}3 , c. �. .:==_:
<br /> _ l��i.�—`�c: . .. - t . .--`. ( _ ' . ` �c � , ".� . � . " ` .2» i
<br /> ' � . . , u'_�_ «..r..._-_ .�_ «�__.___ . . -.. . .1..�___�..`�_���.__�...�_.-..._.___._..�_.�-__-_..— .
<br /> � ' . ' � ` 'G.. . '..
<br /> . � . .-`� � . . .. �
<br /> : � • � � 9�° ��l�s�°� ; - :j � �
<br /> ` � .' L. Notwithsqnding any of the langaage conrained in this Ueed of Tn�st to the conuary,the terms of this sectiou shall . ' � : � ��
<br /> survive aay foreclosure or saiisfaction of this Deed of Trust regardless of any passage of title to Beaeficiary or any , ' � � .
<br /> " �, ., disposition by Beneficiary of any or all af the Property.Any claims and clefenses to the contnry are hereby waived. ` , . ' V
<br /> .
<br /> ` ` 2Q1.CONDII►�INA'iTON.Tnistor will give Beneficiary prompt norice of any action.real er threatened. by private or public _, .
<br /> � entiues to purchase or take any or all of the Property,mcluding any easements.throu8h oonde�ation,eminent doma�n. ` : - . .
<br /> � � or anp other meaas.TYustor fuither agcees to notify EeneSciary of any pmceedings ins6tuted for the estahlisflmeat af aay .
<br /> , � sewer,water.conservation,ditch. drainage, or other district mlating to or binding upon the Property or any part of it. .
<br /> � � Tn�stor authorizes Beneficiary w intervene in Tmstor's name in any of the above described actions or clauns and to wltect . . a_.
<br /> Be
<br /> ' ��oeyye all�as�sviting fivm the�Ction or.claim.Tmstor assigns co BeneficiaTY the pmceeds of any award or claim _:_- €.
<br /> -_ for damages connected with a��eF ott�et•(a14�ng of aU or any part of the Property. Snch prucee�is shall be = -�:
<br /> . .. , considered payments and vVi11 Ue!aPP�ed��as��i�ed m tbls Deed of Tnist.Ttris assignment of pmceeds�s subject to the y :.
<br /> , terms of aay prior sec�uity:agr�ES�i"�•; �;.; .� �f- .� J•..
<br /> � ;�. . � . .
<br /> - 21.�S�l�NCE.TlUS[OT SgI'2e3 LO main ain jIISU13IICC 3S fO�UWS: �-,c:;,�:`_ ...
<br /> � � A. Trustor shall keep the PmPertY insured ag�st loss by fire.theft mmd otteer ha7ards and risks reasonably assuciated ` . .
<br /> with the property due w its type and location.Other ha7ards and n�sks maY include,for euatnple,coverage against
<br /> , loss due to floods or flooding. 'I7»s insvrance shall be maintained in the amounts and for the periads that . , •�,�-` ;
<br /> . ' . Beneficiary requires. 'Ihe insurance carrier pmviding the insurance shall be chosen by Trnswr subject to .,,�',:,;:
<br /> ' �• "_� Beneficiary's apProval. which shall not be unmasonably withheld. If Tniswr fails to maintain the coverage �.
<br /> descn'6ed above, Beneficiary may, at Beneficiary's option, obtain coverage to protect Beneficiary's righu in the ' 4;::__��-
<br /> ` p�openy acconding to thc temts of this Deed of Tn�si. �..��_--.
<br />- �. � All insurance policies and renewals shall be acceptable w Beneficiary and shall include a standard "mortgage � --
<br /> � clause" and, where applicable. "beneficiary loss payee ct�se." Tmstor sbaU iamoediatelY notifY Beneficiary.► of �
<br /> , � cancellation or terminauan of the insurance. Beneficiary shall have the right to hold the policies and renewals-ff �, �,.-_.::.-_
<br />_ ,• ,
<br /> J�_ ' • r� ��'`� Beneficiary re4uires, Tnutor shall immeiliatety give to Beneficiary all receipts of paid premiums and reneaal . _,--,-i_
<br /> �` norices. Upan loss,Tnutor shall give immediatie notice to the insurance carrier and Beneficiary. Beneficiary may .•_,s�,__
<br /> , � , make proof of loss if not made immediately by Trustor. , `�;_
<br /> 't`��`
<br /> . ," Unless BeneficiarY and Tniswr othetwise agrce in writing, insurance pmceeds shaU be applied to restoration or . ` r k,:';:_�:_-
<br /> ; ` ` ' _ repair of the PrapertY damaged if the restoration or repair is economically feasi'ble and Beneficiaryr's securiry is not . _..^' _h_;;a,=:
<br /> = �T
<br /> ' Iessened. If the zestoration or repair is not ecanomicaUy fea5ible or Beneficiary's security woutd be lesseued, the , ;A�._�
<br />,, . ' . i�vrance proceeds sball be applied to the Secured Debt,whether or not then due, with any excxas paid to Tn�stor. ,..;.,�_:,
<br /> ' If Tmstor abandons the Property,or does not answer within 30 days a notice ftom Benefciary that the insurance . �:'-i=_-'
<br /> . • • carrier has offered to seule a claun,thea aeneficiary may coUect the insurance pmceecls.Beneficiary may use tLe � •••?r.a.xr-"
<br /> " . ' • � . proceeds to repair ar restore the Property or to pay tbe Secured Debt whether or not then due.The 30-day penod ,. ;�. �:•;;��.
<br /> <�: �-:
<br /> will begin when the notice is given. '� : `�:.
<br /> .o�
<br /> ;' • Unless Beneficiary and Trustor otherwise agree in�vritinS,anY application of proceeds to principal shall not extend " , . _
<br /> or postpone the due date of scheduled payments or change the amount of the payments. If tiie Property is acquired •
<br />- �, � by Benefcciary,Tnutor's right w any insurance policies and proceeds resulting from dama8e to the Pioperty before , _
<br />' ` � � :, the acquisition shall pass tn Beneficiary to the extent of the Secured Debt immediately before the acquisirion. , _„_,:._
<br /> . • B. Trustor agrees to maintain comPrehensive geaeral liabiliry insurance naming Beneficiary as an additional insured ia . -_:,:-
<br /> an amount acceptable to Beneficiary.insuring against claims arising from any accident or occturence in or on the
<br /> .:,;
<br /> - ' Property. '•
<br /> ' C. Trustor agrecs to maintain rental loss or business interrupuon insurance,as required by Beneficiary.in an amount
<br /> • equal to at least coverage of one year's debt service,and required escrow account deposits(if agreed to separately , __
<br /> ` in writing),under a form of�olicy acccptable to Beneficiary. -
<br /> `" 22.NO�SCFSOW FOR TAXES AND INSURANCE.Unless othenvise provided in a separate agreement, Trastor will not �'
<br /> : � be required to pay to Beneficiary funds for taxes and insurancc in escrow. ,
<br /> �� � � � 23.F7NANCLIL REPORTS AND ADDTTIONAL DOCUNiENTS. Trostor will provide to Beneficiary upon request. any • , - � . .
<br /> ' financial statement or infom�ation Beneficiary may deem necessarY• Tnut°r warrants that all financial statements and
<br /> � inforniation Trustor provides to Beneficiary aze, or will be. accurate. conect, and camplete. Trustor agrees to sign, • . .
<br /> deliver, and file as Beaeficiary may reasanably request any additional documents or certiflcations that Beneficiary may . � .
<br /> � � consider ncxessary to perfect,continue.and preserve Trustor's obligations under this Ueed of Tnut and Benef ciary's lien : .
<br /> ` � status on the Property. If Trustor fails to do so. Beneficiary may.sign,deliver.and file such documents or certificates in
<br /> � :� TTUStor's name and Trustor hereby inevocably appoints Benefic�ary or Beneficiary's agent as attomey in fact to do the .
<br /> � things necessary to comply with this section. .
<br /> � ' 1q,JpII�1T AND INDIVIDUAL LIABILITY:CO-SIGNERS; SUCCESSORS AND ASSIGNS BOiJND. All duties under � :
<br /> . . � this Deed of Trust are joint and individual. If Trustor signs this Deed of Trust but does not sign the Evidence of Debt. • .
<br /> ` Trusror does so only to mortgage Trnstor's interest in the Property to secvre payment of the Secnre� D iot this Deedtof �
<br /> • does not agree to be personally liable on the Secvred Debt.Trustor agrees that Beneficiary and any party
<br /> Trust may cxtend. modify or make any change in thc t�rms of this Dced of Trust or the Evidence of Debt without
<br /> ' Trustor's wnsent.Such a change will not release Trustor from the terms of this Deed of Trust.The duties and beneiits of .
<br /> � � this Deed of Trust shall bind and benefit the successors and assigns of Trustor and Beneficiary. .
<br />_ • I
<br /> � If this Deed of Trust secures a guazanty between Beneficiary and Trustor and does not directly secure the obligation which i • .
<br /> • is guaranued. Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against
<br /> • Trustor or any party indebted under the obligation including,but nat limited to.anti•deficiency or one-action laws. 4�
<br /> • • � 25.APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Deed of Trust is governed by ►he laws of the . �
<br /> , ' jurisdiction in which Beneficiary is located,except to the extent otherwise required by the laws of the jurisdictlon where • .
<br /> , the Propeny is located. This Deed of Trust is wmplete and fully integrated. This Deed of Trust may not be amended or
<br />-r:'' • . modifiecl by oral agrecment. Any section or clause in this Deed of Trust, attachments, or any agreement related to ihe
<br /> •� • Secvred Debt that conflicts with applicable law will not be effective, unless that la�v expressly or implicdly permits ihe
<br /> _ variations by written agreement. lf any sei:tion or clause of this Deed of Trust cannot be enforced acc:ording to its tetms.
<br /> that section or clause will be severc�d and will not affect the enforceability ef the remainder of this beed of Trust.
<br /> Whenever used.�he singular shall include the plural and the plural the singular.The captions and headings of the secrions f
<br /> ' nf this Decd�f Trost ate for convenience only and are not to be used to interpret or define the terms of ihis Deed of Trust.
<br /> � � . Time is of the essence in this Deed of Trust. uapa 5 0l 6 �
<br /> _ L
<br /> . . `�991B.�nke�sSv<ttms.��•.S! C�ou� f!•4i�800391?3ai� GnrmAG�OO7NE t03097 — - "'--'' -"—�
<br /> 1' ;1'
<br /> . +-�.�-..-w.-e--___-_.-_:_-�- ,
<br /> .:. - . . . . - .
<br /> . . . . .
<br /> .. . . - . . . - .
<br /> r.,. -r.,_........�.
<br />-- .•-.1+..�{� • „ . . . . ... . ,i _ . . . , . _, . , . `:. . • _ .
<br /> !" -__ . . . • ���' _ :Ti.3a I+r73- -1-tL . r.�7'�t`ii�•.�;J�_ �rz-t.. _.� 1_ - j•W.,J_.._._..__.. ` �._.` . .r ��`s.�._.a_�_.
<br /> � � � a y .4- �.,� '..r :..:.•�1 -.-.'� kf -. .��h�d-P#��a..�y-�»..».�.�u,r-• •' .�_.w.:. �,.,- ,. • � -- 4 � y11; ��+�
<br /> �. +�.-. ..e.�.
<br /> � -.. 1 '
<br /> E _._�__.�..._, � ,.�.� - ,...._ - - _J_�..._...._......_ - sl._r.._.__..._.- �.
<br />
|