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<br /> �--- - -T . . . �----- .. . � �- � � -� -- __-=� =-�.-
<br /> ; • Pa e 3 ` . ; • ,'
<br /> � ai-92-t98� DEE[� OF 7RUST 9 :• . . , , � .
<br /> ' . Loac�Pto 432807 (Continued) 9�� ����� � � __
<br /> i ,. _ -
<br /> ent0unt sufAdant to dLSCharQe ihs Itsn P��s anY��d attom9y3't�cr oth�r d�arQss ihat coutd aarue as a result of a farectosue o►sate � , � '�-
<br /> ���r th�Ce�, �n any epnt95�.Twtot SrSU defend ItssH and Lender and sheU Sstisif�unY advers9ludymont ba'foro entoroement eQalnst Ihe . ,
<br /> P�yarty. Trustor shstl nama Lo�dst as an addiBonsl obliges undor enY surery band tumished In the contest proCeedlnps. =
<br /> EStidNIC!0!PiyR►Bfl9. TrW'tOt ShaU itACn�ss'°°nd tuml5h to 1-ender ge65tactay evidanCe of paYmeM of th9 taXCiS or BSSessments and sh�fl ; ._
<br /> guthpA79 U�e eppropriate QovEmmenTal offidal to deliver to Le�der at any bms a written statement of the leues anG essessments a9a��the f �
<br /> ' �yq 0t�pn,Ttttsipr ghali notity lender at teast fifte+en(15)days betOre atry work is commenced.eny servlces are fumisl�ed.or any ` __
<br /> mata�ta�are sapy�3ed to t,Re Prope�Y. rt�Y��'s lien, materialmen's lien,or oiher I+en could be assested on nocount ot the vrork. .
<br /> serv{Ces,or materiab. Tnistar wiil upon request ot Lender furnish to I..ender edvance assurances sahsfaetory to Lendsr that Trustor can and wi�l
<br /> - p8y iT�Cosl oi s'�ch impr�tr�ts. - -- _-
<br /> pppPffl7Y DAMAG�INSliAAlzt�- The icdawing pro+Asioas relating to insuring the Property ere a part of this Deed of Trust -
<br /> ��te�e p}��e. 7rustpr s A e A pracure an d m a i n t a i n p o l i e i e s ot fire insurance+Mth standard e�dendad covs�age endatsemsnts on a =
<br /> rapla�m�r�basls tpr thg{�p�nst�abp velug coyering all Improvemenis on the Real ProA�Y i�an amount suH'iden!to avoid applit:aHon oY any
<br /> cofrmuance dause,and with s stas�derd mortaaaea dause in tavar of Lendar.topethsr wlth such other twtard and Gabifdy insurance as Lender �
<br /> may re�onapty requhe, PoBCies st�I!be wr[ttsn in form,amounts.covera9es and basis raasonably acesptabte W Lender and issued by a . �,
<br /> epmpam/u companles reasonabry axeAtsbfa to Londer. Trustor,upon re4�s�of�nder,will dslivar to Lender hom Ume to time fhe potiaes _
<br /> es
<br /> �< or certiflcates ot ins�uance in fotm satistactory to Lendet,incTuding stiputaUons that coverages wiU not be canceded or diminished wfthout at _
<br /> • Igast ten(10)day�prlor wriiten notioe to LenQer. Each insuranoe po6cy atso shail inc(ude an endarsemant providinp that coverage in tavor of —
<br /> ? LsndM wi�not be impaired In anY waY by any flct.omission or defautt of Trustar or anY other Dersan. Shoutd tts R9a1 ProDedY at any dme . .
<br /> beCOm7 toC�st3d}n tin tuea desiarlated by the OireCtor of the Federsl EmerOeoaY MBnasement Aqency as a specJ81 Nood hasar�d are0.t urust� ' . -.-,�
<br /> , � a�to�t�ln end rt�a(idain Federat Flood Insuranos for ihe tuf!unpatd prindpal balance of the loan.up to ihe ma�dum pWi�y _ :���,;�p;�
<br /> ��yp�y rnaod�nsutance proyram,or as otherwise requtre d by L en der,an d t o m a inlain such insurance tor the term of the 1o8a .�y _
<br /> ...:.�:•.�..
<br /> AppqccUon of Proeeads. Tnistor st�a0 promptlyr notlty Lender ot eny loss ar damage to lhe Properly. Lender may make O�of ot foss if Trustor ,_ _ _-
<br /> ' {aJ.q tp do so wlWn fitte�n(15�days of Ute casualty. Whether ar not Lender's security is Impafred Lender may.at its elecdon,receive and retain . . �:�
<br /> '. t h a p ro o e a 4 s o f a r►y tasurance and r p A l y the Droaeeds to the redw•tion of the Indebtedness.PaYment of any Qen affectlng the Properly.or tt�e }` , -
<br /> re5taraUon and repeir of the Propefty. If Lender elecG to ePPh�the procaeds to restoraUon and rePair.Tnator s h a U reP a l r at reP i a c e t h e =�
<br /> � da�y�d pr dostrpysd hnptpvemems in e mannar selLStactory to Lendet. Lender shsli.upon satisfactory Pro�f o}Such wcpenditure.paY or •
<br /> rpimbt�rse Tnistor from the proceeds tor the reasonabte cost of repafr or restoration if Trustor is not in defauit under this Reed of Tntst. My ,�i�•--
<br /> j prpceeds which havD not Ifeen d�biused within 180 days after their receipt and whlch Lendef has not commRted to the repalr or restrxation ot i .,� '
<br /> Me PropeAlr shaU ba used 6rst to pay any amourd owin8 to Lender under this Oeed of Trust,then to pay acaued ir�terest,and Me remalnder,B !
<br /> ' any,shaD be appRsd to dw pdnelA�l hatacr.e of the Indebtedness. If L.ender hotds any proceeds after payment in tW of the Indebtedness,such � , • �•���>;�—
<br /> `:� proceeds ahe11 be paid to Trusta es Trustofs interesis maY aPPear. . . ._..fe . �-
<br /> ; (k1e�{red�naatanee st Sate. My une�ued insurence shall inure to the benefrt ot,and pass to,the purchsser of lhe Pmperty covered by this � ,;_` �xf �;;
<br /> '9 ./
<br /> � �nd pf Trost at arry Custea s sels or other sate hetd under the provisions ot this Deed of Trus�or at arry toredasure sale o1 such PropertY• , . -
<br /> � Compllartee w119f EtdsUnp Indebtedness. DuAng the periad'+n which any Existing lndebtedness descxibed below is in effecl.comA�iance wrth • � i. _ ,
<br /> ttw IrtsivanCO provlsions eontefn9d in ihe insUUment evldenang such E�tisting Indebtedness shall constftute compGance wiih the insurance • � j'� �� ;
<br /> provl�orts under thls Oee d o f T r u s 1,to t h e e x t e n t c o m p l i a n c e w i l h t h e t e rms of fhis Deed of Trust woutd constitute a dupUCaUon of insurance =, + ' -
<br /> requtricr�enL If any proceeds trom the Insurance become payabie on Ioss.ths provisioru in this Oeed o}Trust for dlvLsion of proceeds sha0 ; n
<br /> ap�7ty only(0 th81 porHon of ttle prooBeds not payabie to the holder of the 6dsting Indebfadness. �s �n•
<br /> , �
<br /> F31DtTlt�S�y LEC1DrA. It TnistOr faiN to comD�Y with any provision ot this Deed of Trust,inoluding a-.y obigatlon ta mel�t8ln�E�ds6�p a';�' ,:��( ,..
<br /> � � �
<br /> �n�btedr�s�e pood stand(ry as cequUSd below.or H eny actlon or proceeding is commenced that would ma�r.�ly BHect LenQ e �,
<br /> u sd
<br /> prcgetry,L4ndar on Trustor's��'�=`!maY.bW sh�l�not be requirc d to,take arty acdon that Lertt'ar deems appraDriate• MY amaunt that Lender -'�.
<br /> e�ends in so dW�p rr�bau i�.'�i et the rate provlded for in 3'he Note irom the Qate incurtad or paid by lender to the aata of repayment by ,,, t� +
<br /> qNStpT, q such�eg�s.nt LeaGefs opUon,w70 (a)be payab►e on demand. (b)be edded to L�a balanee o1 the Note and be�yDOAtoned amonp �'•r��S:1 .
<br /> fi
<br /> . �r 8nd ba p8yabt�v���any in.+'mllnent paymenb to becovne due during either (i)the tertn of anY appGcabla lnsurancs poli�y or (i3)the remalNnc�t�.n _ _ • ��
<br /> of the Note.or (c)be treated as a balloon payment which wb be due and D3�...bte at the Note's maturiry. ThLS Deed of Trust aiso wiU secua ,.�
<br /> � paymerd of these emounts. 7f��9his provlded for in lhis paragraPh shaU be in aCdi�on to any other rtghts or any rertwdies to wtUCh Lender m,;y C� • ,;
<br /> - ta.cy. 61n SucA acdon by Londar shaq not be construed as curing tha Qefautt so es to bar Lendet from any remedy�'�."'t _ '���__.
<br /> •�, en5tled on accouN ol Gie de y :,��•:
<br /> it ott�w�e woNd have had. �;:'�.�
<br /> � VYARpANT1/;pEFF74SE OF T14T,,�. The tof►owing provlsions relating to ownership ot the PropeAy are a part of this Deed of Trust. , �L:�'..� •�
<br /> ,e .-
<br /> Ti1N. Trustar war►ants that {a)Tnistor Adds qood and marketable Otle of record to the Property in fee slmple,iree and dear ot au ilons and �
<br /> tiwn;h�e sat torth in the Real Property desalptlon or in the E�dstinp lnQebtedness secUon below or In any tiUe Insuranoe , ��`�
<br /> oncumbnno�s athYr . . -
<br /> ppp�,y�}�p ropp�or a�y1 tli�a apWon isswd in fava of,and acxeD�ed by,Lender In connectton with this Deed of TrusL and (b)Tnisto�has the � y�.,
<br /> ne
<br /> � ry/Aptq,pa�w�r.and autha+�tyr to ao�eute an0 detiver this Oeed ot Trust to Lender.
<br /> � pe1�nM p}47tt�, Shtbjoci Co L'�exc�UOn In ttw parepraph sbove,T�ustor wartants nnc!n�iU taewr detend the tlria to tha Property a�+lnst tha ,� -��
<br /> , �y�q��y a�y p��. tn the event any actlon a proceedinp is eomrteenced that Q,�esHons Trustor's tfUU�a!he interest ot Tn�tee or . . � �---_..:�
<br /> a11 •• •
<br /> und�r unda�(hy paod af Trust,Tfl�tor sholl dofend tho actian al Trustors�.;,ense. Trwta maY ba the nominnl party in Such proceedfiQ,but .; , �,
<br /> � L�nd�►fNY 0�enUUed to partidpsts In the proeeediny and to be represz::ad in the proceeding by eo�ei of Lenders ovm chake,and `K_ � .
<br /> TNStpr w�dggyer,ar cause W De ddtvered,to Lender sucl�inskuments as l.onder mfly request hom time ta�me to permit such paAlcipaUon. -- -:=.i+��;-
<br /> �on�pl�ar�yy�try Laws. 7rastor warrants that tho Property and Trustor's use of tho PreDerty compli�.with ail e�dsUrtg app�►ca01e taws, • � _
<br /> ardnsnces,an0 rep�aUors at povemmentel authoritles. �`
<br /> pUSTiNO t1iDEBTEDNEBS. The(oitowtn0 provi�lons Conceming ex�sting indebtedness(tt�e'�dsUng Indebtedness'are a part ot th�Deed of
<br /> Trun. � � -
<br /> pdWn�Wn, Tha qen of thb Daed of Trust seeuring the�ndsbtedness may be seeondary end Inferlor to an exlsllny 1(en. Trusta e.�ressty , . , �, •�
<br /> cavananto�n0 fl�rees to pay.a ses to the paymenl ol,t�0 ExisUng Indebtedness and to prevent 8ny defaNt on Such Indebtedness,flny QefauH . . . -
<br /> � undot the instruments oNCendny such indebtedness,a any defauH under any security dacuments for such indebtedne59-
<br /> a�, ���pay�m p}�y��{trrwnl of p�tndpal a ony interost on the Exlslinp indebtedness is not made within ttw tlrn�requked by the •
<br /> npq rvlEu�drp auch in��tsdnesl.�the opUon tof L�ender�Ihe�d btedness s�ecu ed by thts Oeed of T�ha0 DecomecmmedlatelY Quo • •
<br /> oODYr�L �raa D��d . .
<br /> and payabte.and thLs Deed o1 Trust sPiall be in defaull
<br /> • �. . •.
<br /> tip M�dlflea(ipn. Twta shall not enter Into any aqreemenl wilh the holder of any moRyage,deed of Uust,or other Security apreement wt:ich
<br /> ha�prioAry owr thts Oeeh o1 Trust by wh�h that ayreement is modifled,amended,extended,or renewed wlihout ihe prtor written consent of
<br /> Lender. Trustor sh80 rteiiRer requesl nor accePt��Y��e 8��under eny such seCUrity aycaemenl withoul the p�tor vrtitten eonsent ot
<br /> � Lende►. .
<br /> CQNDEMNATIpN,The fdlowing provislons retaUnp to eondemnaUon proceedings ere a paR of thLa Oeed of Trust. •
<br /> ��p}��ptp��, If aU w eny parl ot the Property is condemned by eminent domain proceedinps or by any proeeeding or
<br /> � � purChaso In Oou o}condemnatlon,Lender may at Its etecUOn require Ihat ail or eny porHon of the net prooaeds ot the eward be appliod to the � �
<br /> fnQeptedness er the�epatr or restoraUon o1 the Property. The net proceeds ot ihe award ShaH menn the award after payment o}ell reasonab!e ; . _
<br /> easb.o�ense�„and attort►�ys'bes�ncurcod by Trustee or Lender in connecUon with the condemnstion. �
<br /> ': PmCeLdtn�. It any ptoceedtnp In ConCsmnaUon Is fiied,Trustor shatl promplty notiry Lender In wdting,and Trustm�haG prompUy fake sucn �- °
<br /> � step�a�may ps necessuy to da�end tha aeUon and ohtaln tha awatd. Trustor may be t�e nominel pazty in suCh pr000eding,bul Lendor shr.0
<br /> � M�tp p�d jo Le^�Suca h jns�fi�im6tdg eg mgy bre requ Sied by drirp�omedme oyUrf�t p'ermit s ch p hetfidpatnion.Trustor wiil defiver or
<br /> r-
<br /> • ' IMPOSITION dF TAXES,FEES AND CFUIRGES BY GOYERNMEHTAL AUTHOAITIES. The tonowing provisions retaUnp fo govemmentel taxes, ; ' �_
<br /> � fees and charyes are a paA o1 this Deed of Trust: •
<br /> CuttCnl Tmtq.Fees an4 Ch�rpes. Upon request by lender,Trustor shalt execute such Eoeuments��4 T�rustor Shell�reimbu�rse Len�der�f�'ol � � �-
<br /> whatever o1Mr 8cdon is rsqueste0 Dy Londer to pertect and confinue Lendsr's lien on the Reai Property. ; B
<br /> te7ce5. es tteSCtibed ba'ow, iogetiref wiii�dB e;�erc�In�.�'sra8 tr.r�dir.��?er4�=Su•3 4!C4rthn!�inQ Ihis Ogo! o}Trust.InCiuding wAh0U1 �
<br /> j Iimit8U0n 81118xes,t0os.doCUm9ntary S1Bmps.and other Cha�ges for reCOrding or registering tAis Oeed of Trust. � .
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<br /> . .. ., �' .t. �. . _ - .. �, ��. , . ' '. �r . . r•' . • , , � , . .. . .�t • ` �• �.. . � � � . .
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