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<br /> 0�-24-ts97 DEED Ar T�8UST Page 4 � � <,;,
<br /> Loan!do 440055 (Cor�Bl�ued) �:������s3
<br /> be entitted to partldpats In the praceeding and to be rBAresented in the groceadtny bp counsd of f�own chatce,and Trustor wI9 deIIv2r ar ; ��_
<br /> cauce to be delivered to Lender such InstrumerAS as may 6e cequested by i4 trnm Uma to tlma to parmlt such parHCi�affon. , `•--
<br /> IMPOSit[Oi1 QF TAXES,FEES AMD CHARGES BY GOYEANlNENTAL AUTHORITIES. Tho fa7awirg provislon3 rslaUrr�to po�+ammarda!taxes. � �,•.
<br /> faes and chetqes flre 8 pert Of this�aed of Trusk � :`S
<br /> Cumnt Ta�CS,Fees ind q�arpe*. Upon request by LenQer,Trusta shhc�llll e�cuta such dxumants in adcCtton to this Oeed ot Trust and take f �;.
<br /> whataver ather ectlan is requested by lender to perfect and conUntts Lenders L�en on H�e Real Property. Trtistor shaD reimburse Lender for an !
<br /> Umi�ffitton a�ta�ces.tees,docu�errtary stamps,an�d other charges tor rst�Mirp or r��rtg thfs Dea�rof Trust. d of Trust,indudlnp wtthout � • _
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<br /> Teo[es. The failowing shaU censfltute taxes to whtch thts s�Uan a�pl:as: (a)a spEdP,c t�c upon thts typa of Oeed af Trust a upon ell or any �
<br /> pert ot the Ind6bteQness sscursd by this De3d of Tnu� (b)a spet�ttc tax on Tnutor which Trustor i¢euthorized or required to deduct from �
<br /> paymer�ts on the Indebtedness seaued bY�tYPs af Daed of Tru� (s)a t�x as�tlds lYAs of Desd a}Trust chergesDfe against the Lender or
<br /> the hcider of ttk�Note:and (d)a spectftc tax on eli or eny portlon of the Indebtedness a on paymants of prindD�l and tnterest made by .�.
<br /> Trustor. � ._
<br /> SubNquent T�ces. If any tex to whkh this sectlon app0es ts enacisd subsequent to tltie date of thLs Deed of Trust,this event shaU have the �
<br /> sune eftect as cn EveM of Oefautt(as de8rted below).and Lender may exerdse any or al1 of(ts ava0abte rert�edies far an Event af Detauit es .
<br /> Llens secU nband Qe osp �h Lendere�h o a suftident corparate surety bo d or ther�securiry�tisfactory to�lender�o�in Me Taxes nnd ,
<br /> . SECl/AiTY AOAEEIIAEliT;FlNANCING STATE7AENT8. The follow(np prov(sions ralatlny W this Deed of Trust es a security apreement aze a part of . •
<br /> � thls Deed of Tnist � �
<br /> gewrity A�eement. This instrument ShaD constitute a security agreement to the e�ent arry of the Property cor�stftutes fi�dures or other . .
<br /> personal properly,and Lender sha0 have ali of the rights of a secured paAy under tha Uniform Commercial Code as amended from tlrtse to ' ; _
<br /> � time.
<br /> SeCltAty(nt�. Upon request by Lender.Tnutor shatl execute flnandnp statemerds and teke whatever other edion is requesl¢d by Lender • ` -
<br /> ' to perfect and cordlnua Lenders secur(ty interes4 in the Rerds and Personal Properly+. In add'itton te recotmn�this Deed af Tnst in tha rwl , �`�
<br /> , i ProDerh record�.Lsnder may.at any tlme and arithout turther authorizaUon trom Trustar.fiie exacuted coun�rparls,co{ilas a reproductlons of +. '
<br /> � Ws Osed of Tnut as a fir�c(np statemem. Trusta sha0 relmburse Lender ta ait�enses incurred in PeAacUng a contlnuinp tlus sacurifyy .• Jt.;: . � :,
<br /> inier�t Upon defaWt,Trustor she11 ossemble the Personal Property in a manner and at a P��o��Y�►rventerd to Trustor and Lender . •
<br /> � and melce ft avaAabte to Lender within three(3)days after recelpt of w�lien damand from Lendsr. • t� =-
<br /> Addre=ses„ The maQfny addresses ot Trwtor(debtor)and Lender(secured Pe�Y)�imm which tntormatlon cortceminy ft�e securtty interest � �� `=:,__
<br /> pranted bY ttds Qeed of Trust may be obtained(sach es requlred by U�e Unfform Comrne�fal Code).are es stated on the fhst Pt�a of tti�Dead , � � �. t:r, .
<br /> � of Trust �'�
<br /> FUiiTF�R ASSURANCES;ATTOR!(EY-Ii�F-FACT. The toNowing provisions relaUnp to hufher essurences and ettomey-ir�tad are a paR of th(s � �. ,.,t�;r !•
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<br /> DeedOfTtit3t. -. -.�.�����'�� _�
<br /> � FurTha Asswa�ICes. At any tlme,and irom tlme to Ume.upon requ�t of Lender,Tn�stor wiU rnalce.wcocula and deUver.c►wUl cause to be ' �
<br /> . made,euecuted or de&vered.to Lender or to Lendels daslpnee. and when requested by Lender.cause to 6e fiied,rec�ded,refited.ar � � ,.. .:� -
<br /> rereccrded.as the case may be.at such dR,es and tn such otfioes and piac�as Lender may deem approprfate,any end eii such mortgeges. i . . = �
<br /> • deeds of first.securHY deeds.securflY a9reements,flnanctnp statements,conUnuaUan statements,ir�trumerds of further assurence,cer�ficatss, � . ,�� �� �
<br /> and other documenb es may.(n!he soie oplNon of Lendet,be necessery or des�rabte tn ader to etfectuate,comD��.D�4 can8nue,a
<br /> preserve (a)the obUpatlons of Tnnta under the Nate,this Deed of Tn�t,and Uie Related Oocuments,and (b)the Gans and security interests �' � • r� 1�
<br /> aeated by this Deed of Trust on the Property,whether now owned or hereafter acquked by Tnutor. UNess prohibi�d by law or apreed to the Q.. , •
<br /> • �trary by hnder in wrf8ng,Tnutor sh311 reirtcburse Lender for all eosts and e�er�ses�ncurred in connectlon wtth the melters reiorred to In ,. ,. ;�
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<br /> Atiarneya�r�Fact It Trustor fsOs to do any of the thinps refarted to in the precedinp pfua�raph,Lender may do so for and in ths name of " ���•`
<br /> Tn�stor and at Trusta's expertse. Fa SuCh PurPoses.Trustor herebY�rtevocat►ry aPPdnts Lender as Tnutors&ttomeyHn-tact tor the ptaposa �• �; .� �
<br /> ot rtwMny.execWnq,deNverinp.fiAnp.cecordinp�and ddnp aD other ttdnps es may be aeces,arY a deglrabb.in Lende�'s sole opiNan,to .. , t,
<br /> � aocamplish the matte�s reTerted to in the precediap Parayraph. .,.
<br /> '.i Ft�L PER�OKKLAAtit�. It Trustor paYS eD the Indebtedness when due.terminates!!�e une of asEit,and otherwise Rertorms aR the obD�atlons `t�:5-':��
<br /> impased upon Tnuta under tt�s Deed of Tnut,Lender s h a tl exec u ta an d d e l i v e r to T r u�t e e a r e q u e s t f a r t u Y r e c o n v e y r a n C O a n d s l w D a�r e c u t e a n d . _ �' ��,.'�,�"Y���'
<br /> deliver to Tnuta suftabt�statemenis of termtnatlon of arry flnandrp statemen!on fitte evidendnp Lende�s security intorest in the Fianb and the � �` • -
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<br /> � �'.� Personal Property. My reconveyanoe fee requlred by law shaU bo paid by T►ustor.It pennitted bY 4PA�ablB taw. � . . •��'
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<br /> '•� CFFAtLT. Eact�of the fWlowlrp,at the opbon of Lender,shall constitute an event of dotault(fvent of Defaul�under th�Deed oi Tn� ' �. :.
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<br /> D�fauH on Indebtsdnss�.Fatture of TnLSta to make ar►yr payme�when due on the Indebtedr�ess. s � � •
<br /> � QO��Ofl�M�P�RY6Ilit. YA�UI6 Oi�TfUS[0/YY7ffU(1(IIB b(iiB t8[�UH00 Oy IIIPi tJdBO Yi i iii,ii iY�7wii8 iiij�i�iisa:�t ii:��.."'M:.^°"1S!lC�.CT ' ::_:•:-_'—".�--"��.�.-•,--:<..�- __
<br /> � any other paymeM nece�sary to prsvent fiYnp of a to otfect diseharpe of any Wn. ' .���� .: :.: —
<br /> �� CompYane�D�l�Wt. FaRure o}Trusta to cortipty wllh eny other term.obApaUon,covenant or conWUOn contalnod In thls Oeed of Tnut,the �. : ` ' ��.
<br />. Nata a in or►y of ttw Raiatad Oactmwn�.
<br /> FW�Statsrt�b. My warranty.representauon a atatement mada a turr�twd to Lender by a on betwM of Tnsia undx thb Deod of Tnut,
<br /> . tha IYote a ttw tiatated Oocuments!s fa�e a mistea�np In anY ma�fel respecl,etther naw a at the Umo made or turnisfwd. ,
<br /> O�toCtive Cal:nhrafi�tloa. Th!s Qeed of Tnut a arry of the Retated Dxurtwnb oeeseB to 6u In tu0 forca and�ffect pnduding fellure of any . . � �'s r `
<br /> co0aataal doCUmanb to create a valid and perfected securily Interest a 6en)et any tlme and for any reason. . ` .,.•�
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<br /> �• O�MtI or Iniotvency. The death of Trusta,ttq insotwncy►of Tnutor,the appdndnent ot a reoeiver ta any part M Trustora pmperty,any �
<br /> assipnment fa the benefit o!aeditors,flny type o!creditor woAcout,or the cammencement of any proceodirp under arry baNaruptcy a . �
<br /> InsoivencY laws bY or epolnst TrustOr. �
<br /> t Foneiowrs.Farhttun,etc. Commencement o1 faectosure or forfeihae procaedinps,whether by judldal prooeedlnp,salhl�elp.repossession � .
<br /> a any other method,by any ereditor o}Tnuta a by any yovemmentat e�penoy asalnst any of the P►operty. However,this subs�cYon sf W not .
<br /> eppry In the event of a paod taith dlsyuts by T►usta as to ihe vaBdilyr a reaso�wbteneso of the clalm which y tfN b�sls of the font9osuro or , � �-
<br /> fuefeiture proceedirp,provlded that Tn�sta pives Lender wriften notice of such cfalm and tumishes reservea a a surely bond tor the dalm a�
<br /> satlsfactory to Lendar.
<br /> BrNCh of(►Ihar A�eamen� Any breach by Tnista under the terms o1 arry alher a�aemenf between Tn�stor and Lender that is not cerr�qd
<br /> within any qracp pariod provided therein,includinp without UmHatlon arry apreement corwendnp any indebtedness a other obNyatbn of Tnuta . �':'.
<br /> to Lender,whetAer ebstinp now a later. �
<br /> Evenb Ati�etinp Ciulrantor. My of the preeedlrp events occws with respee.�l to any Guarentor of any of tM Indsbtedness or any Ouaranta �
<br /> � dles a beeomes Incompetent,or revokes or dlsputes the velidiry ot.or IiabUity under.arry Civaranty of the Indebtedness. Lender.al fts op8on. �
<br /> may,bul stwN not be requked to,penNf the tivarantara vstats to assume unconditlonalty the ob11pn8ons erL�irp under ths puaranty In a =
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<br /> manner saUSfactory to Lender,and,in ddnp so,cure the Event ot OefaW� ! —
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<br /> Inseeurtly. Lender In pood taith deems itseff insecure. � -
<br /> E1dsUttp Indebtedne�. A detsuft Sha1t oocur under any Fxisting InCebtedness ot under any instrument on the PropeAy seeuring eny ExlsUng �
<br /> Indehtedness,a commenCemeM of any sWt a other ncNon to forectose any exlsting Ilen on the Property. ,
<br /> Rt�t to CUre. It such a failure is turable and it Trusta hes not been phren e notice of a brsach o!iho soma provLsion ot thls Dsed of Trust � '
<br /> w:lhin Iha precedinp riveNe(12y months,tl may be cured(and no Evant af Dafauit wl11 have occurrad)it Trustor,aHer Lendsr sends writtan
<br /> noUoe demnndinp cure of such taiiure: (a)cures the f�lltue wilhin fiftaen(15)dnys;or (b)H ihe cure requkos ma�than fiReea(16)days, �=
<br /> ! Immediatety iniHates steps sufficbn1 fo cure tho!atture and thereaftor conUnues end complatss ail reason�ba and n�ssnryr st�ps suifldaM to �-
<br /> � produoe compHance as saon os reasonaby practk�l.
<br /> � RIGHTS Ali9 REIYY�DIES ON OEFAI�T. Upon the oocumm�nce ot nny Event ot Oafatdt nnd nt any fime thereaRer,TniSteo or Lender,et iis opUon, , �"`"
<br /> may exerdse any one or more of thfl foltowirtg riphts and remedies,in addi8an to any other rights or romedies provfded by Iaw: r•• �
<br /> ACOeteratlon upon Oefeulh,Addtttonal Reta:.dl�. It any evenl of detautt occurs as psr fho terms ot the Note secutsd hereby.Lendar mey �= '
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