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<br /> DEED OF TF3UST ^� �'�3 �
<br /> 03-2¢1997 Cor►ttnu8� �I a° �.��s�� -
<br /> � � Loaai Mo 449235 � — , �,~
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<br /> � property. Trustor shall nama Lender as an additlonal obiigee under any surely bortd tum�shed�n the contest procsedn9s• --
<br /> "^,�cs�css t�smpn�h,m(sh to Le�►der sadslactwY evidence of paynsent of the taxes or essassment�and sh�ll r��
<br /> EYfCEf1C6 OT 1'0y�7w iiwiin'a. M5t!t5 Has3t�9t lh9 . . ___>
<br /> au�L`+�,.-�Lq�s�'s�nvamment�l offidat to da�iver to Lender at any tlme a wrttten s+aiemeni at��e�srA .
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<br /> 3 !btlee oi ConsCract�oo-Ttustor shnY notify isndet at Iaest fifteen(tb)days bs}ore any watk is commer�ced.anY�rvkes are tumistted.or eny
<br /> � rnat;dals are sttppiied to the PropeAy,ff anY meChanks Gen,muterialmen's Gen,or other L•en could be asserted on 8xourtt of the work, �
<br /> ; �viee,,pr materials. Tn�stor wUl upan request of Lender tumish to te^der advan°B essura+�ce'sa�°�Y to Lend�tr tt�at Tnsstor can and wN �
<br /> pay tha cost ot such improvemanis.
<br /> piippE'Fi7Y DAAAAGE IHSUNAMCE•Tha fouowing provislons�atlng to insurtng Me PropeRY are a PaA ct thfs Oesd of Tnist.
<br /> 6tt,tntEnt�+ee o41r►r,ures►a3• Trustor shall Pracure and maintetn paGdes of fire 6�surance withintandard u�en��et t�id application of anY .
<br /> ����t bes�fo�!he tuf!insurabte va►ue coverin9 all lmprovemenis on trie Rsal PropeAY
<br /> ma�reas no �tequire.�yPoltcies st�aD be w tt� incform,iartwuntsfcovetag�end ba�is reascnebty acoePteb►e to Le detuand Issued by a .
<br /> company or wmpan%s reasonabiy acoePiable to Lender. Trustar.Wcn reques[of Lender.vnll d�ttvaot be eancaAeC o minish withcu at .
<br /> w certiftcates oi insurance in brm satistactaY to Lender.indud�ng sfiiAufations that covarayes � .
<br /> teast ten(10)days'Prior wri�en noUce to Lender. Each msu�ance Dd'�cY�s�indude a�endorsoment provi�in9 that c°vera9e in favor oi i
<br /> i t_9nder v�nll not be impaired�in any way by arry ad.omisslon or deTautt of Trustor or aay othet pe�son. Shotild fhe Real ProRedY at a�Y time .
<br /> becoms located in an area desl9nated by�e Dueci�i;ot u�r�:o:d�� �°s'�'+�emant Aoenay as a spedal flood he�ard area.Trustor � -- ---'--
<br /> agrees to obtalrt and mainta(n Federa!Flaod Ir�suranCe tor tha fu0 unpeid pAnapal balance of ihe ioan.up ta the mexlum po"ncY�+'���"'�°' �{� � , •-
<br /> the NaHonal Flood insurance Program.ar as otheiwlse reQuired by Lender.and to maln the Pr Insura�ce��Y make roof of loss i�Trustor f _
<br /> �a��o}proeeeda Tnutor shali promptty notity Lender ot any loss or damage to aDe�Y
<br /> is�'is to do so witnin frftsan(1�ds;s ot the casusliY. Whelher or noi Lende�s security is impahed.�ende�may.���on,receive and retain =
<br /> tfie proceeds of any insurance and aPPh the Qraoesds to the reducUon of ttre indsbtednssa PBY��of anY I�n aflectin9 the Pro�ertY.or the
<br /> re5toraUon and reDeU of fhe PrapeAY. If Lender etects to aPD�Y�P���to restoratlon and rePeU.Trusta shall rePaft or rePlace tha .
<br /> ��d pr�trpygd Improvements in a mann�satisiactaY��ender. lsnder sha�l.upon sattsfactory D�f of such e�end�ture.paY o� ,
<br /> Shel �
<br /> �oceeds which have rrot bepen disDursed wimi�n 180 days after�theU rece(Pt and�wtdch Len�d�has not committed t the�a�uaf�o� . . "
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<br /> tphe Propetly Sha�iled t ihe p�ncip8l b881anCe Ot tfie�indebtedness. lf Lender holds eny proceeds efter payme�tulln o�f theglndahteQnass,�Ch _
<br /> 8rry,stwD be app ! _ . •.
<br /> prooeeds ShaU be pald to Trustor es Trustols interesls maY aqPear. . �'r
<br /> lkNxpkod In�utanee at SMe• A►ry une�ired instuance shatl inure to the benefit o1.end P���tha D�t�eser of the ProPeM covered by this f ,' • 1
<br /> peed of Trust ai any lnistee's se10 a other sale�d under the provtsions of thts Deed of Trwn,or at any foreciosure sale of such Prope�tY• i Y�
<br /> ComPitance vWtt�E�tInD Indebtedness. Durinp the period tn wh(ch any F�dsti i9�ted�n�s shaltd�nsdtute or►iDit�nCe�with tl�ia�urance k . ��--,y;f!
<br /> t h e i n s u r a n c e P ro v l si ons contained in the instrument evider�cing such E�stinp ��., ��
<br /> provisioas under this Deed of Trust,to the exten t comp G a n c e w i t h t h e t e m i s o t t h i s D e e d o i T n u t w o u l d c o n s ti t u te a du pRicatlon ot irtsurance �; c '
<br /> requirement ti any prooeeds irom the insurance become paYabte on loss.the Provisions in ifiis Oeed of TnAt for dlv�lon ot Prooeeds s h a U �
<br /> aPP�Y aM►to lhat portlon ot the D r o o e e d s no t p a y e b t e t o t h e h d d e r of the Exfsti n p indebtedness.
<br /> p�prpiTlJFtES BY LENDER. If Trustor(ails to comply with any provision of this�eed of 7rust,includinp eury obUyatlon to mainTatn E�dstlnD � �
<br /> � Indebtedness(n qood standing as requited below,or if arry adlon or proceeding is commenced that woutd matedeYy�ef�(ed��as������n� • . i . � ,
<br /> Property.Lender on Tnutors behatf may,but shall not be required to,tatce anY actlon thaY Lender deems epP cD nt by ..
<br /> expends in so doinp w�bear int�est et the rate provided for in the Nate from tho date incurred ot P+�d by Lender to the date of repayme � { .:�
<br /> Trustpr. A9 such e�erfses.at Lenders opUon.wlu (a)be payable on demand. (b)be added to the batance oi tha AJote and be apD�oned emonp ,
<br /> and be P81�1e wltfi�y��ns���a be�AOOn paYn'��� �!�dtte a�d payab�e at t►�e N�'s�mat tulty. Thts Qeed�oT Trust eiso wi0 sacure , !�,�;�i
<br /> o f t h e N o t a,o r (c� h s t�e l l b e i n a d d rt l o n t o a r ry o t h e r A 9 h b or a r ry remedies to wi�k�ti LenG.;rr may be . -. - ;
<br /> payment ot ihese amounts.Tha�iphls provtde d(or In t h i s p a r e g r a D '_.�� :
<br /> entitled on eccourrt of the defauit Any such acUon by Lender sha11 not be construed es curia8 the defautt so es to bar Lender from enY re m e d Y�� ;`' f
<br /> ft ctherwtse wouid have had - �
<br /> WARRMITY:O�SE OF TIlLE.The f0ilowlnp prov�i0tt4 telaUnp to ownetShlP of th0 PropeRY e[a e PeA Of Uds Deed of TrusL ; '.'�: ''--
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<br /> Tltt�. Trustor wartants thax (a)Tnuta hdds Oaod end rtwrketable HUe of record to tha PruPe�Y in fae simpla,free and deer of eD Ye�and ,� f��,--
<br /> eneumbrances other than those sat farth in tho Rea!PropertY OescriPBOn or in ths F�dstlnp Indebtedness sedlon betow or�n arry tltto Insurance , . -
<br /> ' P�Y.Utle roRoA.or flnal tltle cPirdon lssued In favor of.and axeDted by.Lender in cannectlon with ttds Deed ot Tn�st.and (b)Tnutor has the , ��.'��•_•: -
<br /> tuil rlpht,Dower.anA aulhority to exeeute and QeRver thig Daed oi Tn�t to Lender. '?�
<br /> pehnN of TEtie. Sub�ect to the axcepUon in the para9raPh abave.Tntsta wartantn and w(11 tarever detend the Uila to 11w P►oO�Y�� , .
<br /> lawful daims of�A Pe�sons. In the event arry acUon or prooeediny is commenoed that qwstior�Trustors tlif�or the interost of Truateo or ,. ;
<br /> Wndor under this Deed of Tnut,Trwtor s9iaU defend tlw acUon at Tn�tors e�nse.Tn�Or may be ttw noMna!Da+�l�In such Orooaadinp,but
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<br /> �rwtor degver,ar cause�o�t�►vered,to tsn�deris�ucA instrumen�as Lender�may re4ues/ oh m tlme to Hms to Pe�m(t such�nparOhc10�� . . :,�r. �Y:
<br /> • de ,
<br /> CpmplNne�VYlth 4ws. Trustor werranb that the Propary and Tnist a rs usa o i t t N P r o P e rt Y co n'�Dlles wlth aY wdstln0�AP�W 4vvs. - . ..
<br /> ordtnanoes.and re9utaUons o1 povemmental authaiHes. , : �"�'`,
<br /> OIISTING INDEHTEDMESS. The idlowlrp Vrovlsions concerNn7 eodsdn0 indebtedness(the'E�dstlrW Indebtedness9 are a Pert of this Oaed M .,,'- .
<br /> � Trust. .
<br /> � pp�i�0 LNn, The Uen of this D9ed of Trust securirp the�ndebtedness maY de secondcry and Inferior to tha Nen securinp DaYment af an
<br /> e�Q5tin0 obil�aUOn. The�dstlnp obl�iy�a}th��rten�t r�i�s�and t pre entan��soe s�ndebtedness�e yn�tauH unnder the .
<br /> ayrees to pay,or see to the payme .
<br /> IrsUumenb evldpncltW stich�ndeb�sd�a any delaWt under any securily dxumenb for such indebtedness• ; : . .
<br /> D�f�uH. li the paymer►t ot any ir�statiment W pdncipal a any Interest on the F�dsUnp lndebtedness is not mnde wiihin itw dme requlred by the , • ;
<br /> note e+Adondnp auchod ihetein.then at the oPUon of lsnder.the Indebt ness�ractuad�by fhis OaOd of Tnut sheB becoms immedlatay d y f
<br /> aPPYcaha BraCe Da� � _
<br /> snd piy'able.a�d ttds Oeed ot Tn�s!shell Oe in detBtAt. . �m y�h —
<br /> 1io qtpailkadon. Trustor shaN nat onter into any a0►eement with the hdder o}a�y mortqaps.daed of busf.a other sacu►Ity a�ae
<br /> , has pdority over thb Oeed ot Trust by wh�h that apreement is m.cdifled,amended,e�den0ed,a�e�ad wlthout ths pAa wdtt�n con�ent of �
<br /> Lender. Trusta shaU nei;her request nor aecept any tuture advenoes under any such securfty apreement vNthout the pdor wAttan co�seM of � .
<br /> Londer. ` �
<br /> CpNDEIApAT(ON.The fdlowlnp provfsfons reteUng to eondemnaUon proCeemnps ers s pv1 Cf this Osed o}Ttust ��
<br /> � ApplkelWn of Hef Proceeds. it atl'ar e"Y V�of������condemned by erNnent damaln procee6inps a by arry prooeodlnp a ,
<br /> purchase in Ileu of condesnnaUon.Lender may at ih elecQThe n�e1 p tra eod o1 tM a a�rd shall mean�tho award aft paymentbo a�liDceasonebte --..
<br /> � Indebtedness a the repalr or re5toraUon of 1he Ptopetty _
<br /> costs,expense9,and attorneyrs'teas Ineurred by Trustee or londer in connecUon with ths condemnaUon. .
<br /> ±� prpc��dinp�. II eny prooeediny in condemnaBon b fited,Trusta ahafl prompUy.notlfy Lender in wrldrq,and Trusta shail promptty felce such
<br /> �� steps es may be necessary fo deta�d 1he ectlOn end obtain the award. Tn�stor may be the nominal parly�n such procoodirty,bu►Lender sheA .
<br /> be enUUed to p�rticlpate�a ihe Proceedlnp and to be represented Io the prooeedirg bY cou►uel ot Hs own cho(ce,and Tnuta w(B detiver a
<br /> ceuse to be deAvared to Lender such InsEruments es rnaY be requested by tt trom tima to Ume to parmR such pertktpaUon. . � _
<br /> IMPOSRtOM OF TAXES,FEE�AND CHARGHB BY GAYY�RRt�1AENTAL AUfFiOAiTIEB. Tho fottowing provlslons re1a0n9 to povemrtx�ntal faxes. 7
<br /> taes end ChiltQes ete e DeA of ifils Deed of TruSt:
<br /> Currsnt T�oes,Fees�nd Charpes. Upon request by Lender,Trusta sheY wcecute such dxumenb In addttlon to this Deed of Tmsl end take _
<br /> whetever other acUOn ts requested by Lender to pertect and continue Lenders ffan on the Real PropeRy. Tnista shail reimb�nse t-eeder tor etl •
<br /> taxes,as descxibed betow,together with al1 e�enses incurred In recordirp,perteci�n9 or conUnuing this Oeed of Trust,induding witAout
<br /> � Iimitation afl taxas.tees.documentary stamps,and other charges fa rscording or registtxing this Deed of Trust.
<br /> � Taxes. The following snatl consUtute taxes to which thls secUon appli9s: {a)a specifle tax upon this typf of 0ee�o�Trast a upon atl or arry ,
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