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<br /> 03:26-7987 DEED OF T�3UST 9�� Page 3 , °-
<br /> Loan No 442COU (Cor�ttnued) ���e�,��� _
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<br /> of Trust � � ,
<br /> FiS�hd To ContasL Trustor may�old Paymsrtt of anY tex,a�ment,or d�Jm in connec_UJon with a g,yoo9 faith dispute over tha��obiig�tSOn . .
<br /> i.t� �t ���. jt S�t m4QJ N 9��OY�O.�16�W4ftf�tNit`I�riM�l���A�N'pi""��w�{F� ` _-
<br /> to pay,so ronp as ionder's interir�i tr�u,s�.�4 r„�.��. � -
<br /> n��a--��••i:��l��a•�'thu ilnn gr�aag ry ti o Oan ic filarf,wittJn fjRawn{751 Anw wffar Tn�ctr+r hae nOfira nf tlro�11nn�s�utB th9 dLSCht17C�o}th8 :
<br /> f�sn,or iP requested by Lender,deyosit v,�th Lende►tash or a sufP.ctent corporate surety boab cr other security satisfactory to Lendar in sn ti
<br /> amour�t suffic(er�t to discharge ttee Nsn ptus any costs and attomeys'taas w other charpas that could accru3 es o rosutt of e taredosure ar sela �
<br /> under the reR In any contest,Trustw shall dafend itse;4 and Lendsr end shaJ satisty any adverse judyment before entwo¢ment a�atrtst the ,
<br /> � Property. Tnistor shatl name lsnd�r as an addlonal obL'gss unQer acry surety bon4 tumisfled in the contest proceedings. ,
<br /> EvidenCe of Paymen4 Trustor sliau uQon demand(umish to Lender setlsstactary evldence of payment of!he texes or nssessm�nts and sh+itl �
<br /> authorim tho approprtate govemrtEen�al offldal to deliver to Le�dsr at any flme a writ4en statement of the taxas and essessments ape1ns11he
<br /> _ Prope+ty. p
<br /> No'!ke o4 Consdruct2an. Trustcr shall noUfy lendar at I:asi fiftean(15)days before arry work is commenced,any ssMCSS are tumisned,or any � .
<br /> materlals ere supptied to the Property, it any mschentc's[en,materlatmen's lien, a aMer tfen cou19 ba esserted on axount of the worlc,
<br /> servkes,or rtwtertals. Trustor w(It upon request o1 lender fuml5h to Lender advance essuranoe9 saUstactory to Lender that Trustor cen and w(?t ; �
<br /> pay the cost oi such tmprovements. � '
<br /> PROPFATY DAlAAtiE INSURANCE Ths toVowinp provfslons�elatlnp to insurinp the Property are a part of thls Oead of Trust. '
<br /> IAtin�o!lnauransa.Tnstor sheii procure and mairdal�po�of Rre fnsuisnce wfth standerd extended coverape ondasements on a .
<br /> ' replacemen!basts tar the fufl Iruurable value cov�dng ell improvemerds on the Raal Proparty in an iunaunt sufRdent to avotd eppRcatlon of ariy . ' ' -
<br /> calnsuranee dause.and wiih a 5tandard mortpapee dauso tn favor of Lender.topettier with such other h�rd and BibHity tt�surence as Lentter � •
<br /> . may ressonabiy requtre. Potk9es ahatl be written in form,emounts.coverapes and basis reasonabty¢e�ptable to Lendsr and issued by a f
<br /> company or companles reasonabty aooaptable to Lender. Trustor.upon request af Lender,w71 da7vs►to Lend2r irom tlme to Ume the poi'ides , , _ _
<br /> or certi�Cates of insurence in form satlsfactory to Lender.inclumnp sdpWations thai caveraQes w�not he caneeiled or dlmirdshed withaut et � , , ,
<br /> teast tan(i0)days'pdor wrftten natlee to Lendsr. Esch insivanca paCay aiso slfaU inquCa an endcrsamard pravtQir�tt�aat cav^•ra�a in fsvor of �, -- - . '_
<br /> Lender wDl nat be impetred in any way by flrry act,omtssion or default o}Trustor or any other person. ShoWd the Rea!Propedy at any tlme . ��
<br /> beCOme tocated in an erea desiynated by the Dhecta of the Federal EmerQenay Manapement Apency as a spectel flood hazard erea,Trustor � .. _
<br /> • ayra�to obffiin and matrttatn Federal Rood Insurance for the tufl unpald prindpal balanCa of tl�e laan,up to the ma�dum po0cyr Omits set under � � _
<br /> th�Na�onal Flood Insurance Propram,or as otherv+tse reqWred by Lender,and to mairdain such tnsurance for the tertn of the loan. .
<br /> � AppOqtion oT Proceada. Tnistor shaU prompUy rtotity Lender ot any toss or damape to ifie Property. Lender mny make proof of ioss H Trusta . . :
<br /> 1 faBs to do so with(n fiftean(t�days of the casualty. Whether or not Lender's securtiy is impatred.Lender may.at its elecUon,recetve and retain ; . . �'�
<br /> the pr�ceeds af any insurance and appry Yhe proceeds to fhe reducUon of the inaebtedness,payment ot eny lien aftecflnp the Property.or the
<br /> I restoritqon and repair of the Propeityr. if lender etecis to eppty the proceeds to restoraUon and repelr,Tnistor shaA repair a replace the ��
<br /> - tlamaged or destroyed Improvements tn a manner satlsiadory to Lender. Lendet shall.upon satissfactory prao!at such o�and�ture,pay or �. -' . ;t°r
<br /> reimburse Trusta irom the proceeds for the reasoneble cast of repetr or�esbratlon B Tnator b not!n default under th}s Deed af Tnut My r�__�;���
<br /> proceeds which have not been disbtused within 180 days after their recelpt and whlch Lender has not commttted to the repafr or restoration oi �� N:- � I
<br /> the Property st�B be used flrst to pay arry amount owinp to Lende�under thts Deed of Tn�st,then fo pay mcruud tnterpst,and tha remalnQer.if , ;. r �
<br /> arry.shatl be nppUed to the prindpal baiance of the Indebtedr�ess. It Lender holds any proceeQs after payment in full ot the Indebtodness.such
<br /> prooeeds 3hatt be peid W Trustar as Tnisto�s interests may appenr. . •
<br /> lAae�tred Inauranee at S�le. Any unexptred insurance sha0 inure to tha benefiY ot.and pass to,the purchaser of the Property�overed by thls �_ .�4�:.° #� •
<br /> Oaed of Trust at any trustee's sete or other sale held under the provislons of thls Deed of Tnut,or at arry faroctosure sale of suCh PtoAerty- •�:. Y L�
<br /> � pIPE]WITUiiES BY LE��aFA. If Trustor fails to compry wNh any provislon ot thfs Deed oi Tnist,a tf eny actlon a procasdtnp b eommeneed that ",�:�' ,'�
<br /> woutd matertelty aftect lsnder's interests In the Properly,Lender on Trustors bahaM may,but shaH not be requ(red to,take arry actlon that Lender � �'.���
<br /> deems apptoprlate. My amount that Lertder e�ends In so doinp wm bsar interest at the rate provJded tor M the Note from the date incurted a pald , •..
<br /> by Lender to the deta of repayment by Tnutor. AO such expenses.at Lenders oDUon,wiD (a)!�e payabte on dertwnd, (b)ba addad to the batance . `'�
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<br /> . ot the Note and bo epportloned amonp end be paysEle wHh any(nst�limen!paymerb to bocame due dwiny a�ither (�the term of anY aPPfiCabb ;.-;r,, ,-
<br /> iasuranca poGcyr a (6)the wmalninp term of the Note,or (c)be treated es o bauoon payrtwnt whtch vn'fi bs dua end paya6k si the Note s matwi'iy. �1
<br /> Thb Daed of Tncst also wH1 secure payme�of those amounls. The�Iyfib provtded tor in tt�s parayrnph ahaY ba In ad�itlon to Qny othar riphts or any � _ '�i.
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<br /> remedles to wh(ch Londer maY be entltled on account of the defa�L My such octlon by Lender shatl not be construed as cutirp the dafault so as 40 ,� _ ..,;
<br /> bar Lender fram arry remedy that H otherwise wautd hava had. f� �----
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<br /> WAFiAANTY:OEFQiSE OF T171E. The followtny provlslons rel8ttnp to ownershlp of the Propedy are e parl of ftds Deed of Tnist ' .= '�
<br /> . Yitts. Trustor werranb ihat (e)Trustor hdds goad and mnAcetabb Utle o!racard to tfw Rroperty in fae slmpte,freo and dw of aa Yans and � � �
<br /> . oncumbrarx:as other than those set forth In tha Ra31 Prope�ty desrlipUon a in arry tltb instuance P�Y.��P�.o►11n�i tltla opinlon isswd In . «�..-
<br /> fava of.nnd aocepted by,Lender In connecUon w(th ttus Daed of Trust,and {b)Tnuta has thca iWl rtpht,potror,and aulhoAry to�recute and � .
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<br /> • do0ver trils DeeO ot Trust to Lender. : .. ,��,�' .
<br /> • WNaw�of Tiqe. SubJact to the excaDtlon in the paraprapA above,Tnistor wuranb and wm(orwror dohnd ttw Uila to tha Prap�rty ap�inst tlw . ,y•..
<br /> iawiW cfaims of a0 persons. In tha event arry actlon ar prooe0dlnp Is ccm�d that quesUOns Trasta's tlUe or tlw Intwost�f Tnstw or . -^
<br /> Lender under this Ceed of Trust.Trustor shall defentl the adton at Tnatars w�ense. Trusta may bo tt►e nominat paAy in suefi proeB�drp,but ' ��
<br /> Lender sfwH be errtitt�d to partldpate In fhe proceedinp and to be ropresented in the proceemnp by caunsH of lend�s own choloe,and • .
<br /> Tnista wJ9 deQ[ver,a cause to be detiwred,to Londer such InsUuments as Lender may request from Ume to tlmo to perrtdt such partldpaUcn. : �,:.
<br /> • Corttpitanee WIlA L,aws. Tnistor warrants that the Properly and Trustors use of the Properly comp0es wiih ell mdstlnp appNcnble laws, ' ,y.
<br /> ' ' ` or�nances and rea�daUOris ot pavemmentei authodUes. °
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<br /> , CONDEMIMAY(0lI.The foilowlny provlslons retatlng to condemnaUon proceedings are�pert of ihts Doed oi Trust . -
<br /> ' Applteation of ltet PrOCeeQi. Ii atl or any paA of the Property is con0emne0 by eminent domain praceedlnps or by any proceedinp ar � .
<br /> pixChase In Aau of condemnaUon,Lender may at ib elecflon requtre that all or any poAlon of the net procaeds of the award bo appP�ad to the � � .
<br /> Indobtednes�a lAe repaY a restontton ot the Property. The net praoeeds of the awara sha9 mean ttw award atter paymsnt of aU[e�sortabl8 k � � ..
<br /> • cosls,e�er�ses,and attomoys'tees Incuaed by Trustee a Lender in connecUon with ihe condemrwUon. � . �
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<br /> Proe�n�. 1}ar►y proceedtng in condemnaUon is ftled,Trusta shaA promptry notNy l.ondw In wriUnp,and Trustor a1W promptty taks such �
<br /> steps�s may be necessary to defend the acUon and obfaln the award. Trusfa may bo t4w nomina!party In auch procwNrp,but Lsnder stwY
<br /> ba�nt�ttad to partidpata in the procaadirg and to bo raprosanted In the prowodnp by cour►sal of i!s own choice,and Tnntor wil doHuw a
<br /> ca�sa to be d�wred to Landw such Ir�strumenb as may bo requ�sted by H trom tlnw to tlrrN to permit aucfi partklpallon. '
<br /> INtPOSITION OF TA�B�FEES AND CHAR�iF.iB BY GOVERNMFJtTAL Allifi0RIT1E8. Ttw toAOwlnp prov(stor�s relatlnp!o qovsmrrNntal faxas,
<br /> fees enA.charpes are a paA of thl9 Oeed of Trus'�
<br /> Cumnt Tms,Feas�►d CtWrpes. Upon requast by LendEr,Trustot shaD exccuto suet�documanb In adQltlon to ihis OE�d o}Tnr,t and toice
<br /> wt�tova other accHon b requested by Lsnder to perfect end contlnue lenders fien on itw He�i Property. Trusto►ah�fi nimburao Londw(a aA i • � —
<br /> taxos.as desaibed below,topether with aA e�enses Incimed In recardlny,pertectlrp a continWnp ihb Deed o}Tnat Indudinp wilP�out • �
<br /> IlmftaUon atl�.fees,dooumentary stamps,and other cherpes for recordlnp a re�ls�rinp lhis Desd of Tnist. ; . .
<br /> T�ua. The foitowin�shau constiNte texes to whtch thia sectlon applte� (a)�spadrto fax upon thfs typa ot Ooed ot Trust a upon aA a arry � . .
<br /> I paA of the Mdabtedr�ess secured by this Oeed of Trust (b)e speciflo tax on Trusta wh�h Trusta is authai�d or requtnd to drQuct kom �
<br /> + paymanls on ttw indobtadnoss sacurod by Ih{s typ�ot 0aod of Tnut; (o)a tax on tNS typs o0 Opd o!Trust ehoryeabta asain,t!he L�ndu or
<br /> � the hddK of the Note;and (d)s speclflc tsx on e9 or any portlon ot ihe InQeDtednos�or on paymsnb of pAndpal and Intonast mado by � ,
<br /> � Trustot. � .
<br /> 1 Sub�equant Taxon. If sny ftix to vihich tAts sacUOn epptie9 is enacted subsequent to the date of 1hFS Oeed ot Trust,lhb event shal!have the
<br /> � sama eNact as an Event ot Ootnult(us d�tlnod beiow),end LenQer may exerclse arry a au o!Its ovattabie remedies tor nn Evant o!OafauN as
<br /> proNded betow untess Trusta eltAar (a)pays the tox befare it becomas delinqu�nt,or (b)con•.osb itw tax w provt0�d�bow In tho Tax�s and . •
<br /> � Liera socUOn and deposib with Lender cash or a SufNclent coryorate surety bond a other secuAty saUSiactary to Lw�der. �
<br /> SECIJRtTY AGREEMENT;FIHAWCiPtd STATEIWEHTS. The toilowlnp provfs!ons rotaUng to tht�Osed ot Tnrt as a secuAty apreament ere a pert W
<br /> this Deed Of Trust. • _
<br /> SeCUAty Ageement. Th�s instrument sheii Constitute a SeCUrity egroement to tho Oxtont IIny oT the PrOperty ConSUtutes fhcturos u other
<br /> personel propeAy,and Londet shelt have all of the tights of e sacured party under tha Unitorm Commercial Code as amended irom time to
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