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<br /> � �EED OF TRU�T ,; 97—�.0184� Pa��� ��.� .. ` . , _
<br /> d3�14-1997 Contlnued) .
<br /> Loa�+[�a 435081 ( � .
<br /> � to pay.50IQng as LandBfs fnt�re5t In ths PropeAy is not�e0pardi�ed. If a I�en anses or is�'ed as e resuH of nOnpaYme�1+TNSta�SheD'Mth1n � . � -_
<br /> � titteen(1S�d8ys attE►thB pen uises o��if a lien is fded.wfthin fittean(t5)days atter Trustor has no6ee of the fifing.seCUre the d'�.`cties9a of the .,'
<br /> 1tan�pr(f req�e5ted by LenQer.deposU with Lender cas�or a sutfi�ent corporate surety bond or othar security satistactary to Lender in an ti,
<br /> � pmpunt sutf�isnl to disctr�Jp�the UBn pius any costs 8nd attorneys'feas ar other Charyes that cauld acC�ue as a resWl of a torndos�ua or sate -
<br /> � u��p pg�, In any�pntYSt.Ttustpr sluY detend 1ts51!end Lendar and shaU satisfy eny adverse judgmeM betoca enforoement against the
<br /> prppgdy. Tnutpr slup nasne Lendet as 8n addition&I obiigee under any surety bond fumtsned in the CorttBSt praCeedlnIIS- i
<br /> �y(�tRtp p}payRt�nt. Trustor Shell u9on demand tum'sh to Lender satisfacfory evidence of payment of lha ta�ces or assessments end sha►1 f. .
<br /> autApdzs the appro9rtate govemmatttaf otf�dnl to dsUver to Lendar at any time a written statemeM ot tRe taues end assessments aganst the t .
<br /> �ropariy. { ' ,
<br /> Np�a}�pc�str�stloit. TnGtOt sP�D nottty 4ender at teast fifteen(15)days befare any woAc is eommenced.any serw�ces ere tum`shed.or any .
<br /> ���,���g p�.p8�y�H any mect�anic•s iien, materia�men's Len, or other Iien cou�d be as.�rtsd on aecou�t of Ma wo�ic, f
<br /> �,y��Ry�,T�pr wp��pon re4uest of Lend�r tumish to Lender advance assu�e�������Tn�tor can and wiU � , _ , _ . .. .- .
<br /> ' pay Uw cost of such ImAravemenig. •
<br /> �1 pROPSiTY OAIIAACaE IN8tlA�NCE.Tha tollaw�na provtsdons relatirtg to insuring the Proparty are a pad of this Deed of Trt�t. •
<br /> Wa4fSenanC�a4 infv[snG� Tntstu shaD Ptocur�and matntein potieies ot fire ir�swar►�with standard e�dsntJed co�era8a endorsemerds on a
<br />�. � cepi�ment basls tor ltr,e tu9 in�le valuo coverinp afi Improvements on the Real PrcDertl►in an amount suflident tn avoEd appficefton of any � �. .. ., �
<br /> cdrtsuranca dauso,a�d with a stendard mortsape9 cteuse in favw ot Lender. Tnutor she7 aiso OrcCUra&nd m9ird21n cor�A�ehanziva Ssneral - --
<br /> •'i 6�ity trsurar�in suct�cawraQe imourds as Lender may reqwst with trustae and l�nder beirg named as additlonai insureds(n wc�t1sh�Gtyr -- - .-
<br /> tr��eanos Da�cte5. Ad�ib'orw4y.Tn�sta stw�1 antntain such other Inwranee.Indudtny bul not Iimi4ed to h�rd business intartttpflon,ar�d -
<br /> �i���.��ncyr may raasonap►y[equYe. Poliass shall be wcitten in form,amounSs.coveraQas end basis reasa�abh iaePtable to .
<br /> I.Cndet 8nd Lssuad by 9 comDanY a comDaNes re�sonabty axeptab�e lo Lender. Trustor,upon requesl ol Lsnder.wm deliver to Lender fram f
<br /> ��p���p ppp��g pr�toS ot insurance in torm SBtLsfac�orY ta�endsr,indudinp 5tipulaHOn9 that cOVeraQes wiU not be canCelied or ` __�-»=•.`,
<br /> dmirished wfthoul at leasl t�n(10)days pria►written no5ce to Lender. Each i�surance paGcy also shall indade an endorsemerd providing that � '.,::;.� :
<br /> covera�e fn favar of Lendbr w�l not De irr�eired in any way by any ac1�omission or defaull of Trustor or any other person. ShoWd the Resi . ,
<br /> prpp�r(y ai any tlme trecome located in an erea desi9nated by the Ouector ot the Federat Emeraency ManagemeM Apertcy as a speciel flood . �
<br /> haxard ar�.Tnistor agcses to obfaln and ma�ntein Federal Flood Insurance for the full unpaid pnndpal ba�ance of the loan,up to ths ma�dum } .;�y•-
<br /> pp�.y Bmfls set under the Nallonal Flood InsurBnCe Program.or es othenvise required bY�ndet.ana to malnfaln such insurar�ce for the lerm of `, .--
<br /> Me lonn. , � ' a .�
<br /> Applie�tion of 9roeeeQs.Tnutor shaD prompUy nosry tsnder ot any�oss ar damaSe to the Praperty Lender maY make proot ot Iass it 7rustor . . .`�� ,
<br /> faY9 W d0 EO vAtRtn fifOE�n(1fi)d8ys Of the Casu8llY• Whother ot rrot Lende�s seCUritSl is�mDeired.Lender may,nt ib elecUOn,rece[ve and retain
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<br /> _ .I the peocaeds o1 any Insurance artd dPA�l.ender 84ECts to apP y�s pr}oceeds to tresto�n and repeh,T rru5tor sleall epair aprepiace the , .-�°1�'.,_
<br /> . restara8on and repaU of the PropeRy. . :�� ..r- �
<br /> dam�geci or destrpyed Imptovements in a manner satisfactory to Lender. Lender sha�l,upan SatisfaCtaY Prao4 of suCh e�enditure.paY e► �- r.•: •
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<br /> caimbuise Tnator from tlse proceeds for the reasonable Cost of repair or resioration it Tnistor is not in defaWt under fhLs Deed oi Tnut My � � `' r"�
<br /> " proo6eds whtCA have rtot Oeen�sbursed wfthin 180 days after their receipt and whfch Lender hat not comm3tled to tlte re9atr or restoration of i �„;;, ;
<br /> ttw Propetty shafl ba used flrsl to pay any amount owing to Lender�:nCer this Oeed of Trust,then to pay eccrued interest,and the remainder,if " '.
<br /> : any,ShaB be aPD���O��P�b��of the tndebtedness. 19 Lender hoids any p�aceeds after payment in ttdl of the Indebtedness,such 3. . s
<br /> � y Pr�o�d�shBA be pNd to Tntstor es Tnistors interes�s maY aDPear. • : � ; •'� :
<br /> lht��tred(aestu�ncG�9 S�. Any unexPired insur,�nce shall inure to the benefit ot.and G�to.ttre P���of ihe ProDeAY covered bY thts . -��: :
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<br /> � Dsod ef Tcuat at any trusfee's sele e+other sate hetd under the prov"sians of this Qeed of Trus�or at any fareelosure sa►e of sueh Prc�ertY. . , , .y:.�
<br /> Trutto�S REpod on Wuratxe. Upon request of Lender,howaver not more than once a year,Trustor shaf!tumish to Lender a reD�an each •:-es"-"�.�.t�:�i` ; .
<br /> �y�p ppS{Cy p}Instttance Showlnp: (a)the name ct the insurer, (b)the risks insured; (c)the amount of the po6,ry: (d)the property insured.
<br /> t�t1w�qurprtt raglawment valua of such proD��Y.a�d Rie manner of determining that valu9;and (e)the e�iradon dats ot the policy. ,, !8'1'�' �-'�
<br /> Trustor shaA.uDan requesl ot Lender.havo an indapenQent appraiser satistactory to Lender detwmine ttw cash value Raplacement cosl of the i..; • •„Y;� '
<br /> . � p(pplpiiL�iES BY LENDER. If Trustcr faNs to campty with arry proV�on of thls Deed of Tros�w if any acUOn or prooe�dln9ls commenced that �:;�;=; � : :'�; ' .
<br /> Wo�mttaryyy atfect Le�d�s�n�s�the properiy,Lender on Trustors behalt maY,bul st�s,7 not be ceqitired to,take arry actlan fT�at Lender �� — ;i ,
<br /> _. deetf�s�pprpytt�fY. My nrttourtl that Lender e�ends In so doing w10 bear►nlerest at Ihe rate provlded tar in tt�e Noto lrom the date InCUrrod or paid ';; , .r},���.
<br /> by L.�ndor to Uw dato W rapaymant by Tnista. A9 such exDenses,at Lenders opUOn,w10 (v)be payabl�on demend. (�)ba QAdod to tf►e batance 1^-:,� %��
<br /> � ol ths Nats�nd ba tDDo�loned amanq nnd be payab�e w(fh any instaltmem paymerds to become due duriny eiiher (q the term of anY apPOe�ta ,.`h,i "�.�:_"�
<br /> �r�txar�pp�cy or (t�tha ramal Nng W r m o t t i w N o t e,o r (c)b e t r e a t e d a s a b a lto on pa y m enl whleh witl be due and payable a1 the Note's maturfty , . � '
<br /> Tryy pee0 atTrust Wsp w�sacure payment af these amounts. The rights provlded tor In thts paragraDh s►����^add(UOn to arry ottier righb a any :.�� �a,,.
<br /> remBd'ag tp whtCA Lendar may bc�BntiL'�0 an eCeount ot the detaull. Any such actfon by i.entler sAall not be canstruea es ewin9lhe default so as to ;�-`�
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<br /> ' bar lendk nom any nmody that It otnetwf�e woNd have had• • '�' ��
<br /> W�pp��y�p��$�pp TI7L�, The tpUpwinp provislons reiating to ownersAip of the ProAerty are e D�o���d of Tnut.
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<br /> Tf�. Tnutp�waaa,�s tha� (a)Trusta Aotds poa0 end marketabis tiUe of record to lhe Prape►1y in fee simpta.hEe tlnd C1e9t of a��iens end .iu.:._';,_,.,«
<br /> oncumbtanceg p2t�4han fhase set foRh In tAe Reaf ProPeRy descriP�on a in any tiUe insuranoe PoNcY�tiUe repaA.o►���e�Pt�on IssueO in :,� ,,�,•�_;°�
<br /> � favor o1,artd acaA�bri�ndar In connecUon witn Ihls Deed ot Trust,and (b)Trusta has fhe tult ripht,power,end authority to a.ecute snd s �
<br />, ' f deiw0r tfds OeM O1Trtetto Lander. - •• """;
<br /> � ; p�hnso ot Tlito. S�joct W tAe�rcaDibn in the patapraph above�Trustor wartanls and wfU faovar dotand Uw tilfa to ilw Vropety apalnst lhe `..:.wa-,. �
<br /> 'c Ipw(W�ymq o}�y pptspns. In tta ovont nny aqlon or proceeding Is commenced that quesUons Trust�a titlo a tf�e Interest o!Trustee or .
<br /> D
<br />� L,�nQat unde►1Ns 08ed o!Trus�Tntstor ShaU d�`�ad the aclion at Trustors expense. Trustor m¢y be the nominal paRy in sueh proceedlnp,bN _
<br /> .` ��6ry�p�o�d tp p e r N c i pa t a i n t h s pr o c e e d i n g a n d t o b e re presented in the proceedin�by counsel o!Lendars own choice,and •. ,tiiri.� .
<br /> . T�tp wq1 d�Y�q,ot caus�tp pe do�vored,to Lender Such instruments as Lende►may request hom flme ta Ume ta petmit SuCh perticiDaUan. r.-
<br /> �pmpp�nce y{(�tN Lswa. Tnata wartants thet the Property and Trusto�s use of Ihe ProAei�Y�mD��+�th ell exisUng appilcable taws. . '
<br /> ; or6nanc�s.and reputatlons W povemmental aulhoriUes.
<br /> � y, CONpF�NATIpii,Tha toAowinp provtslons refaUny to condemnatlon proceedings are a paA o1 this Deed of Trus� •.
<br /> �k�p��t p�pq�, �}aU pr any paA ot the PropeRy Is condemna0 by emineM domaln prooeeCings or by any prooeed�ng ar .
<br /> purCMs�in Neu of eondemnatlon,Lender may ai ib etecU�e net proceeds o1 th 8ward shalltmeentthe a�weard aR paymen tof e�flp�easonable . • � � •
<br /> In6abtedn�ss or iha repaU or restoraUon ot the Property. .
<br /> • ; cost�.�ar�as.and attameys'iees Incurred bY T►ttstee or Lender in eonnectlon with the Condemnallon. . , .
<br /> pt�p�, B�ny ptoCSSdinp in cond�mnation Is filed,Trustor shoil promplly nolify Lender in wriGnp,an0 Tnator sha0 promptty telce such ,
<br /> S�v may bs r�t�ss�ry to Qsiond tM aetMn and obtaln the award. Trustor may be tM nomina!parlY in sucA prooeadinp,bul Lender shail
<br />• ` b��n�If�W ta paAla'pab In U�o DrooY�tW and to be tepresenterl in the proceedinp by counsel of Ns own Cha�q.and Tnistor wlll deliver or .
<br /> � f cause to be deivsrb to Lander auch i�ntrumenb as may be requested by it hom Hms to Ume to permit such paf�dpallon.
<br /> ��p�pgiT�p�,�pF TAI�g,FEEB AHD CMARGES BY GOVEiiHMENTAL AUTMO'A�TIES. fie tottotiving provtsions reSatlnD to qovarnmontal taues.
<br /> . fees and o}�rgpg are�part ol thls Deod of Trust:
<br /> � ' pur�n!Taxq,FNS and Ch�rpel. UpOn requost by Lender,Trostor Shall execute SuCh documents in BddUon lo thi9 Oeed ot Trusl end take _
<br /> whdavw otttier Bctlon b requested by Lender to per�ecS end continue Lender's��en on Ihe Real Property. Tnistw shall reimburse Lender for a11 � �'
<br /> �� taxe5��s de�',cdbed betow.tagether with a0 e�cpensss incurced �n recording,t�ertschng or continu�ng this Oeed of Trust, including wNhout
<br /> Amftatlon e�texe�,lee�.documentuy Stamp9.and other eharges tor record�ng a�regis�ering thl4 Oeed o1 Trust. ! i
<br /> � Texes, Tfig toilowtnp ShaO Constitute taxss to whiCh this section apptiss: (a)a specific t9x upon this type of Deed of Trusf o�upon att ar eny
<br /> psrt o}Ihe Indebtedn�ss secured by tNS Deeg oi Trosf: (b)e speciec tax on Trustor which Tnntor ls authortred a requlred to deduct hom i �-
<br /> ��qi�3i;�.����..r�,�.�g��np�hy ty�,e ot Deed of Trush (c1 a tax on this type ol Osed of Trust charqtiable aqalnst the Lender or
<br /> . • tAe hdder of the Note;and (d)e speclAC tax on�ll or any poAlon ot ths IndeDtedness or on paymonts o1 pnnCipai and ini�rersi nads Gy �
<br /> Trustor.
<br /> 8u9spueM Tvices. 11 any tea to which this section applies�s enaeled subsequent to the date ot this Deed ot Trust,this eveM stuUl heve the .. ,
<br /> s�mp iftoet as an Evont of Dotti�ilt(as doflnad befow),and Lender may exercise ttny ot atl of its avaitablo romedi99 far en Event of Detault es _
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<br /> � provlded betow untess Trusta either (a)pays the tax betore il becomes delinquent,or (b)contests Ihe tax es Drovlded ebove in the Taxes end ;
<br /> :i , Uetes section and deposi'u wii�WrG�r cash a a:ui�^..:s�!ccsacrats surety b0�d o�o1Nft SecurHy seUSfeCtOrY t0 Lendor. �, .
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