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<br /> DEED OF TRUST 9�-�,���� P�9e 3 ;.-� .. -,__-- _ ,,-.�.-=
<br /> p�tt-199T ` --
<br /> . (Con�inued) i . , .
<br /> Loan M�432��0
<br /> ment batose en}�ment a8a��5��n9 I� , ' ' 4 , '•_
<br /> T�
<br /> u���!lgn, In any contas�,Trustot shali datand�self and Lender and shatl satisN 8ny a�rse 1u g 1 `-
<br /> propertyt.7rL15tOr 5t�7 ttatst�I.�nde�as sn addiUonal obGy66 under any surety bond tum?shed�n ihe contest pr000ed+n9s. � :�
<br /> Ev{danCe Of Peyment. Trustor sha:l upon demanfl fumfs�to lender satistactory svidence ot payment ot the lex"w cr ass�s�+enK and stiall . ' . ; �'-rl
<br /> ��t�gpPmprk��9overnrtental afftdal to d�ver to le�det at any tlme a arritton statament ot the taxes 8nd assessments agamst tRe :^�
<br /> pronerty. .,.�, ,V,mmanced.any ssM.ces�e fu�^�shed,or eny _ —
<br /> HatlCe of Con�Etuetlon. Trustor shalf nodt!►Lender at least fiftosn(i5j daqs ue�ino a.-�;���!s__ ' —
<br /> ' materisl.a aro suD94�dTnsto*wU t�on rs4�°f�Qfg�"IsA to lsnder advaru�e esst�uranees sa uUSfactory to l�.e"der that Tnutor can and w�
<br /> Sgrvpeag,or matetial9. ,
<br /> DaY the cosl ot such lmprovame�s. • _
<br /> pRpp�OpMAGE IHSIlFiAHCE.'R►a tan°wi�9 D1O�o�retaring to tnsudng the ProPertY�e a p�af this Oeed ot Tnut
<br /> gu`flciant to av0ld 8pD1%�tion of any
<br /> � ;a-
<br /> . Mdn�tenance ot�t tn9uran�I ��us overirW all m� P 48fi10�Ofl 1�IH Reat�Pr PertY fn an amounlende�covarage endorsemen on a 1 ` _ . _
<br /> reP F
<br /> coinsurance dause.and w(ih astashaD be�written In orm.�atnauntsf eovorag�end bas�s easo�nably accep1ab e tobLe�ndB end Iss ed bY a ( • , -..
<br /> may reasonatN re4uMe. Polkk;tas � �
<br /> ue o
<br /> : cam�nY a oomAanfes�onabht accePtabtg to Lender.indud�rt9�Putations tt�at coverap ll vnellv ot ba cance ad ot diminfshed vuitho'u1 at
<br /> pr p9AiAcgtss ot ins�u8noe ln form sa�«�f► iy IpCSted in an area •
<br /> (east ten(10)dsY�D�ar�n notice to Lender. Each insurance Do�Y�o s�indude a�endarsement prov�dln0 that coveraye In tavor ot
<br /> Lenda�will not be ImpaUed�n enY v'raY bY a"Y�omis�on or Catauit ot Tnulor or any other person. The Reat Property ,
<br /> . 91 �(yn¢y�i by ti�e D'cec3or af fhe �ed9rel Fme�9e^eY �a^egement Agency as a speael Aood harard area Trustor agrees to obtein and !
<br /> ? mair�ln Federni Rood Ins�uance tor thuefred by I.�endei�and o ma�intain�suah insu�rane9��e term of the�oan.ts set under the National Fload , ��
<br /> , • � Inswance Pro�am�ar es otl�erwise re4 lsnder may make Proof of loss it Trustor , �� , � ;_
<br /> � n of Proeeeda.Trwtor sheil prompUY notitll Lender of any loss or dam[tge is mpaired.I.�ender may.at its eteCtion.receive and retaln {�_..__.�
<br /> , �.i �t�odo so w(thln 8ftean(i5)daYg of the casual4y. Whether or not Lender's securihr ' , ._�.
<br /> � �p���������ap�ry the proeeeds to the reduction of the Indebtedness.paUment of any Iien aftecUn9 tha Properry.or the
<br /> cesteradon and repair ol the Prope�tY• tt Lender etects to aADty the Pr��to restoraUon and tepa�r,T������r°t repiace the s
<br /> • �masgd or destroyed Improvements in a manner�tisfac�ory to lsnder. Lender shall.upan satisfactory Droof of such exAenditure.paY o� . _ � �
<br /> ���T���m(}�proceeds for the reasonab►e�°t e���ip�d which Len�Gerr has not comm�itted oeths rep or�restor�aU�an ot '.,;,�—
<br /> prooeeds which Rave not been d�.sbursed within 180 days ,, . _
<br /> 'a tAe PropeRY shall be ltsad fitsl to DaY������nde tedness.r If Lender hoids 8ny p�t ds after�paym�en en�tu0 o�f t�H indebt dness esuCh . .� 4
<br /> ' a►►Y.Shall be epAP�d to the P�+'dD�b .- . .�
<br /> . praceeds shall ba Pvd to Trustor as Trustor's i�er�s maY ePP�• . '��
<br /> � i ���(������e,pny un9xpired inswance sha�1����e to the bene�t of,and pass to,the purchaser of the Praperly ccvered by this . +
<br /> ..` F�...
<br /> s sate ot omer sale hetA under the provisions ot lNs Deed of Trusi.or at any forec�osure sale of such Property- �_
<br /> • Deed ot Trust at any tru5fee� , ' � :. 'i'"
<br /> ..- �p{{�[y�a wif?�pd3tinp Indebtcdne9s. Dudreg the period in which et►Y Epsh°9 Indebtedness dasa�bed below is in efiect.comallance with , :� ,�r Y4i '
<br /> �����proNsiflns cpntalned in the inshument evidsndng such Existing Indebtednsss sha�►eonstitute�°"�P���h the insurance � . !
<br /> . prov(slons under Ws Deed of T�.tho Insurance become P Y�!eton loss.the proviseons in this Deed ot Trus►tor�ivls�o�no�D�of�s shati �" �. �1 �_:
<br /> al i #
<br /> requhemsnL if arry proCaeds(ro� ' "+ ' • .. ' . �_
<br /> eADh oM►to 1Aat poNon of the Piaceeds not payabte to the ho l der o f t h e 6 d s G n g I n d e b t a d n� :; : .
<br /> p��►p1�Eg gY LEHDER. If Trusta fa1►s to compN'►nlri any Provision of lhis Deed of 7nisb induding any obGgallon to maintain Exfsiing
<br /> ro riata Arry amount th�t Lender
<br /> . Indebtednoss in good standing as�equ►red be�°ti"�.ar If any acti une Po �e an actionr that�lender deems apD ap atfect Lenders fnterests in the :;,��< � -
<br /> . . K"•.�'x..�
<br /> propgtly.Lendet on Ttustors beha���Y�but shall not be req .
<br /> . expends In so dolrp wiil bear inter�t oi tt�►s ra�'P�8)be Pa�yableton demand,mD)be add8d to t e balBniCe Of the Note end bBaeDDo�oned mong . ,`'• .;�
<br /> . Trustor. AY such e�enses.at lsnde G . '`' -�;t
<br /> and bo pof'�b���i^���pay�nts io beeome due during eithar (i)the term of eny appikable insurance DaioY or Oi)the romaiNng term �
<br /> a��µ9y�« �ce�fnounts.Tt�e dphts pro+Aded tor in this p pTaDh shail be�in odd L�anHOtany otherri0hls c�a�Y�e edies to wh A Lender maY b9 •
<br /> payrtw�ollhsse
<br /> ,, ' entiUed On accourll 01 t�e defa�L My such action by Lender shaii not be construed as curing tAe Qetau►t so es to bar Lender irom arry remedY that _ _ , j� ��•
<br /> . It Othwwlso wo�dd twve had. � ,;� "'�"
<br /> W�p�JYy�Q��1,ygg pF Tt7LE, Ths IoUowing provtsdons reSaUng to ownershlp of ihe Property are s Parl ot this Oeed of Trust. �.,
<br /> - � �r;:--
<br /> ��. T�a w�n�g tAgt (a)Trustor ndds po0d and merketabte tille af record to tfie ProOBrtY����mD�e,hee 8nd dear ot a8 Usns snd •. •J-��.+,, --
<br /> � �ncumbrancos ather U�an those se1 forth in the RM1 RroDe�Y d�UOn or tn the F.xbl�np lnde4tedness secdon below or in an T�"sh�a.a ti�ie �r~
<br /> , F�p�y���rep�rl,pr 11rw1 dtfa opinlon fssued U tavor of,and aeeeDled by,Lender in connecUOn wflh this Deed of Trust.and (b) _����=_-
<br /> ry�y�ry�,poyr�r.ond 8ut}soAry to execute and de0ver thls OeeO of Trust to Lender. �
<br />- p�f�ttss of TiW.Sub�xt to tTw ex�P�on in the O�flteAh�ove,Trustor warranta and wi111orever defend the UUe to the ProAerly e��sllhe . :•.���
<br /> in such proceedin9,but ,
<br />� � lawlul dalms of eA Pe�o���Tntstor 5h8U deted the apcU�oceneat�Tru �s e�ensea TrBttsta�m8y be t e nominal°�interest ot Trustee or —
<br /> � L s n d e r u n d e r t h b�o e d d s u e b p u t i c t p a t i o n. ,-, � —•—
<br /> I.�ndar ShaU be snUded to 0�defvered,to ien�de�r s ch Inshumen�as Lender imaY reQuest ftom Nme to U+ne to pemi s o�vn ehoks,and ,,•�'`�-�. -
<br /> ' Tnista w�l deuvcr.or cause to , . .
<br /> ,r-..
<br /> . ��e��yi, T�pr warrants that the ProPedyr and Trustors use of the ProDerty complies with all e�dstin8 aPPi�te Iaws, � � �-_ :
<br /> ordlr�srrces.en0 re9u�atlons of povemmental autAOr(UOS. , ''�'.' �
<br /> . .. pI{STIH�ING�TmHE89. The foilowinp provfsioru tonce�ng exisUng indebtedness(tde�xlsUnq fndsbtedno.�7 are a parl of this Deed o} .. .
<br /> Tntsl. .�_, —
<br /> pGst(np IJ�n. The Wn o!t«0�to th pa5��o�ihe P.nidsUng/ndebt dness and to p e ent any detaul on sucti�Indebtedness�aney�defa�dl
<br /> cpu�nanb 4nd opreos PaY.
<br /> unGr ttw instrumenTS svidendnfl such indebtedness.c►eny default under any secudty dxumenb for such Indebtedness. . �
<br /> � QefMAL If the ptymenn ot t��n�s�o�r sAould a d�efauN occurnund,ihe InsVumennt�secudo9 su�ch ndebt daess and ot be curr�ed duri g arry . . .�
<br /> note sutd�csd�D s��ch i deb ,
<br /> �pp��o qraae perlud therein.then.at the opUOn ot LenCer,the IndeDtedness secured by t�tS Deed of Trust shall becorrrd immediatety due
<br /> and pay�Die,aad this Oeed of Trtnt shail be In defa�Dt. � �
<br /> yp�tleauo�. T p�dgplhaUT�1 by wh ch that apreemeN si1modifled aamended exte ded o�enewed�withaullh Pdc►wdlten consent of . , `
<br /> has pfladty ovar this
<br /> " �p��, YrustM aheU n911her tequesl noI ecCePt eny future 8dvanCes under eny sueh secudty ag�eemeM wHhout the pdor written Consent Ot —
<br /> . l.enQ�c. . —
<br /> Cp1{DEIANATIOh.The loliow��9 P�o'��a�retating lo condemnation proceedmgs ere a part ot tnl9 Deed of Trust.
<br /> • Aylptie�lon of He1 Proeelda U a0 or any part of the Properht IS condsmned by eminent doma�n proceedinps or by any prooeed�ng or . —
<br /> p��}�In 13eu of condemnaUan,Lender maY a1�ts o��The net ipr toceeds of the eward shelltmeao the�d efter paymen ot aUpeasonabte
<br /> ' Indabtedness a the rapaV o�restoratlon ol the PropeAY• �"�
<br /> { ����8��Q gHp��pyg�{ggg InCUtred by Ttu5t99 or Lender In conneCtion with thg Condemnallon. t
<br /> � ���, �}�y proceedinp in condemnatlon Is fi�ed,Trustor shall prompUy noufy Lender in wdUng,an such p�aceedi g�bupt lender sha�► , _
<br /> ' StepS o9 rt18Y bo neo�sarY to detend the flcUOn and obtaln t�9 awerd. Trustor mey be Ihe nominal party ; _
<br /> be enGlle9 to partidpat8ln tha proceeding and to be represented In the p�oceeding by eounse►ot its own ehoice,and Trustor wiil detiver w �
<br /> cguse to bo defivered to L.Et+e�D Ch��S BY GOYEFiNMF_NTAL AUT 1hIOR T�tF�'tT►�e fotlowing p ovs opns�rsloUng to govemmental taxes,
<br /> IRIPOSlTION OF TAXES,FE�S __
<br /> fees and char0es are n paA af�'.is Oeed o1 Tn�st � . ---
<br /> E.:.:,,.
<br /> Curtent Taxes,Fees ar�C�et9�� �Pon request by 1..c'Gar,Trustor sh311 execute suet+doCUments in a T f�oor sha0 relmburse Le�de�+oaan I
<br /> � whatsver cther acUon ts requested by Lender to perfect and cont�nue Lenders lien on the Real Proparry. I
<br /> Ie�ces,as Gesaibed below, together vdth all expensas Incurred in recording, peAecting w conUnuing thts Deed ot Trost,inGuding w�thout ` �
<br /> � limltation al iaxos.�e�.documanuuy stamps,and ottsr charges for recading or reglstedng thls Oeed of trust. f _
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<br /> T��, TAg foitowing s��'t conal�c�,:�."�s M wnkh th�a secUon apDlies: (a1 a speciflc tax upon thls typ eof Deed of Trust or upon a�1 or any ` ` _
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<br /> .. . .. . . . . .. �"x� . � . . . .. ' . . . - • • . ._ .. .. - ' ' _ ' - -- ' . . ._ .. . . . . . , .. , .. ,. . . .
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