|
I
<br /> 8 MBK2176s]7256 '
<br /> 2 1'o pay befae delinqurnt all Iawful run and avesm�enn upon the propeny:m keep the propecty fiee aad clar of�II otha
<br /> chuga,Geas or rncumbranca impairing the securiry of thia Deed of Tmtt
<br /> 7. To Icap all buildinp now or hemafter aectied on c�pr�peRY daaibcd haein continuous�Y iermd agaimt loss by fue or
<br /> other hatudf in m amoimt noe laa than the wral debt seeuesd by thia Deed of'f�vsc All policia s6a11 be held by the
<br /> Bmeficiuy, and be in �uch compania at the Ba�xficisry mty appmve and 6ave lost pxyable fusc t� the Bmeficiuy, ae its
<br /> iope�nt may appar. and ehrn ro the Genror. The amowt collaud unda any insmance poliry may be appGed upon arty
<br /> uidebmdnp�haeby uc�aed in such ocd.ec as the Ame6ciary shall de�amine. Such applieuan by the Bni�ficiary shall not caue
<br /> diuontinuanae of any proceedings co Fareclosr. �his Deed of Tnut In the wmt af foceclosure, sll rig6n of che Gnnmr in
<br /> insuanee poGcia ehm in fmce shall pau to th:p�as6a+a a[rhe fomelonm aale.
<br /> 4. To deCmd arry acrian or proceeding putpordng W affect the secmiry heeeof or the rightt ot oowm af Brneficiary ar
<br /> 1'nuta,and to pey atl cosn and ncpensa,including cost of title s�ch md attomeys f«s in a eeasanable amount,in any sue6
<br /> action or peaceedinq,and in azry suit brought by Brneficiary m foreclox chi�D«d of Tw[
<br /> 5. �o p�y all eoj!s,fees and expmsa in eormectian wich thia Deeu of Tnut,including the ezpensa of the Twtee ineucred in
<br /> mfotcing t6e obGgacion seeured hasby and Tnueee's md aaomey�fea acwlly incuned,a5 pmvidad bY staa�m•
<br /> fi S6ould Gcauwr fail m pay whrn due any taxa, usasmrnb, iasurance pmniueu, liens,rncumbrancu or otha ci..uBa
<br /> agaiast the ptopetry 6ereinabove dacribed Hmeficiary may pay the same,and the amount so paid,with intetest at ehe[ate tet
<br /> foetlt in the note secured hercby,shall be added to and become a put of the debt sec�md in this Deed of Twt ,
<br /> I'C i5 M[1TiJALLY AGREED TH.AT:
<br /> l. ln the evrnt any porti on of ehe propesty is talcrn or damaged in an eminrn[domain proceeding,the rntice amaunt of the
<br /> awar�l or such po�tian u may be necessary to fully sadsfy t6e obligation secured hereby, shall be paid to Hrne6ciary to be
<br /> applied m uid abligation.
<br /> 2 By accepting paymrnt of any sum seciued haeby aRer id due date,Brneficiary docs not waive ia rig6t to rcqui[e prompt
<br /> paymmt whm due of all otha sums so smaed or to deetue default for failuee m so pay.
<br /> 3. The Tcustee sl�all ceconvey all or any pazc of the propetry covaed by this Deed of Twt ro tLe pe[son muded the[ew on
<br /> writtm requac of the Grantor and �he Bene6ciary, o� upon sadsfaction of the obligatian secured and �vritten ;equat Cor
<br /> teconvryance er:de by ehe Benoficiary or the person rniitled thttem. �'
<br /> 4. Upan default by Gran[or in the paymrn[of any inde6mdnas secured hereby ar in t6a perfo�wanse of any agreemrnt
<br /> contained henin,al!suvu secured htteby shap ima:ediatoly become due aad payable at t6e aprion of[t�e Brne6aiary. In such
<br /> wmt and upon written rcquat of Bmeficiary,Ynueee shall sell the ttust property,in accordance with the Deed of Tnut Act of
<br /> the State oF Washington,at public aucuan m the high�t bidda. Any peeson except Tnut�e may bid at Tnu[ee's sale. Tnucee
<br /> shall apply the proceeds of the sale as follows: (l)ro the exprnse of t6e ssl:,including a eeuonable Tnutee's fee smd attomey's . �.
<br /> fee;(2)ro the obligation secured by this Deed of Tnut;(J)tf�e swplus,if any,shall be disaibu[ed to t6e penons ecti:fed theeew. i
<br /> �
<br /> 5. Tcusm shall deliver ro the purchesa a[the sale in deed without wartanry,which shall convey w the pumhasst tlte in[ane �
<br /> in t6e pcoperty whic6 Granror had or had the powa m convry at the ume of his execurion of this Deed af Tnut,and such av he �
<br /> may have acquired thercaRer.Tcushe's deed s6all recite the facts showing that the sale wat rnnducted in complisnc:witb all the �
<br /> tequiremrnn of law and of this Dad of Tnut,which tecital shall be prima facie evidrnce of suc6 compliance and conciusive j
<br /> evidrnce theteof in Eavor of bona fide pu[ctusa and rncumbrancas for vx(ue. j
<br /> 6 The power of sale wnfcrred by[his Doed of Tcust and by ttw Dced of Tnut Ac[of the Stam of Washington is nat an �,�
<br /> exclusive remedy;Brneficiary may cawe this Deed af Twt to be:oreclosed as a martgaga �,
<br /> 7, In[he evrnt of the death, incapuiry. disabiliry,or[aignaaon of Tnueee,Bene6ciary may appoint in wnting a succa!or
<br /> tnucee, and upon the «cording of mch appointmrnt in the mottgage records of ehe cowty in which this Deed of Twt is
<br /> «corded,ttte successor trustee shall be vated with all powm oFthe original nustee.The mucee is not obligated m norify any
<br /> parry hercto of prndine sate under any ather 17eed of Ttusr or of an� actian or proceeding in which Gtantor, Twtee or
<br /> Bmeficiary s6all 6e a pazry unlcss such acrion or procoeding i!brought by the Tnrstee.
<br /> 8 This Deed of Tnut app!ie5 to inures co the bene6[of, and is binding noc only on the parties hereto,bu[on dteir hein,
<br /> deviseu, legatees, administracors, execuron and auigns. The temt HrneFciary shall mean the holder and ownec of the note
<br /> secucsd hereby,whether ar not nsr:ed u Brneficiary herein. �
<br /> 9. The temu and conditions of!he Loan Rider atta�:hed heceto ate incarporated herein by refercnce. .
<br /> 101 Z
<br /> �
<br /> �eun'in.s�A I
<br />
|