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<br />l2I9/23/1994
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<br />15:43
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<br />RWBW 45F
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<br />21216 380 1642
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<br />') 6. PrWr MtJr1'DICS and l>cedll ufl'ruM: Char!;!:!': I~ien~, IJnmlWCr "hull p:r(onll fIll o( 8orrowcr's lIbllCldonJ under Iny "liar
<br />; deed flftlU~1 and IIny (lther rnnr licnll. IJlIl'M\lICr :r.:h:lll fl'IY i\1I tllte!\, U!l!le~llmcnl~ :lnd ~hC'r chargell, lines Ind Im~hion. allrt~Ial:ile to
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<br />11 ~uet f:J:~:r:~~\~ ~~1:= ~~:::l~~ {~~~~rn::~S~~~if~lrt~~~~:~r'~I~I~~~j~etj~~)h~!I::':~:::t:~::I:)~,~:::::e~ ~~n:l;=; ~~fn~~::
<br />I' when due, directly 11,1 th~ pa)'tc thC'rc:uf, Ucllpile Ihl: rllrell\lhl!l, DelfT"IM," "hllll ntl1 tlC f\'~t1ir..d I'" mukc p;l)'lnenl~ othcrwl.c reQuired by
<br />! i this parqrlph if St'lnOWer, afler nlllice III Lender. shall in ttelOd faith C(jnlC~1 ~u"h abU,alilln hyo ortkt'end cnforeementol.uch obll..t1on
<br />~! in. k'lll procetdinltlt ....hieh npcralC 10 rrcY('nt the (,'n(orcclllent elf Ihe nhlii!:Illlln (1r rurfeiUlI'C nf Ihe Prnrer1)' or an)' part thereof. only
<br />.1 upon lIorrower mIIkin,IU such C'onlelltcd p3)'IIlCnt5 und ucher pu)'nll:nl~;I~ ordered by the Celun III c~ t'C11);1ry ufthc C'ou" In whk;h luch
<br />i ~ proceedings Irt' flied.
<br />. I " Properly In!Curonec. Bnrmwcr lIhllll keep Ihe ImpnwcnleJltll now cxllltln~ or he,taflc, eretlcd (In the Prvpcrt)' Inlured .galllll
<br />II Ion by fire orha7.lIrd5lnC'l\ldcd within the lenn "cllend...J eew<:rullc" In pn umounl allc3~1 I:qualtuthc leS1ll:lof(l) the inlurub1e wlue or
<br />i: Ihe Propcnyt1r(2lnnumounlliuOidenlltl ray lh~'liIllIL~ !lCcured t.)' llJi" I'kl~llIfTIll~I:I1' well alilln)' pnnrCll(um"r",,"lIiMlhePrnpeny.
<br />( All or the roregoing UtilI! he known u.'1. "Propcny Inliurancc".
<br />The inwnmec C'arrier providin; the in5urancC! llhall hC' quulilietl t(1 u:tilc I'nlf"'r1)' rn~uran{'e in Colorado and shall be thosen by
<br />DMt11Wer subje<:t 10 Lender's rlghllCl rejeclthe ch[lscn ean'ier flit l'C'll."l1nable C:llIlIe, All inllllraT\C'r policielllnd renewals IhelWr shin
<br />Include. standard mmeasc c1aulIc In (avornfLender.llnd J,hill1 prnvit.lc Ihllllhc insurance cllmcr shall notify Lender .1 lcastlen (10) days
<br />: i bcforeeanc:ellatlon, cennination ar any material ch.n(:e t'lf c(lVtragc, In!\UfllllCC policicl~ shall be furnbhed to Lcnderator before t1osiqg,
<br />I, Lender ~ballltpve the rla;hllo h~M the flCllicielt and fCnCWDI~ I~rrur.
<br />I In che evenl of lou, Uonnwtr~hall give I'rolllpl n(llice 10 lhe: in~urRncc carrief IIndlt~I1"'~r, Lender may make proof or IOQ if not
<br />I' mode PfOmplly ~y 8""""",.
<br />I Insurance proceoeh ~hQIl be arrlicd 10 rc~tomllon elr fC(lair of lilt' ProJl(ny dllm;lJ,:cd, pnlYldcd sueh tc~or.tlon Of repair is
<br />t I ceDhCllftically feasible and the secuflly (If this Ikcd of Tnm i$ nOllhcn:h)' imJlaircd. If ~\Il:h reJ,lor.tiM t'lr rtJlllit Is not c:eonomicall)'
<br />'I feasible or if Ihe ~ecurhy of Ibi~ ~d t'lfTn!sl \lInuld l.c' iml'Olirc:d, lhe in.~IJr.1nee.r.ll\(et'd~ shlll1 he IIpplled 10 Ihe sums secured by this
<br />: I ~ed nfTn!$I, \lI'ith che el(C'e$J,. if an)', paid \cI n""'f1wcr, If Ihe Propcn)' is llt-.anc llned h)' Hnm1wcr, or If llorro"-'tr fails (0 respond to
<br />under wilhin 30 c.ta~ from Ihe dale nOlke i~ tt:ivcn in nceon.bnC'c wilh j':1rnCfllT'h Itl (N[lliccl hy l.entferto Borrower thlt the: insurance
<br />, C'lmcroffel'J to ~lIle u e!,,;m for in~uraflC( bcnclils,l..ctll,kr is aucll~lti7.cd tll rollecl and apl'l)' Ihe inliur3nce proceeds,.t Lender"optlon,
<br />i I elthet LO re~lonl(i"n e)J' repair of the Prupl:rty '1fln the Ium~ sct'lU't'd h). lhi~ Deed (\( Tnlsl, .
<br />II Any $llch 1I.(lI,1ic3tltln of pmceMlt In prindral .~h:lllllol e~t~'nd (If pcl1>tr"nC the duc date nf II\C inlllallmenl$ rercrrallo inp01raaraphJ 4
<br />:: (Payment of Prindl'8lnnd I"t(!re~ll Qnc.l 2) tr:sC'l'IlW" Fl1nd.~ (Ilr 'I:t~,,~ nnd In~ur:lR{'C) or ~'h.,"~e the amount of $lleh tMtallmenls,
<br />NOlwilh~rflndinl.! .nYlhin, hertin tl) 'he cllnlrat)', i( Ullllc:( paraprOlllh 1M (^n"cll~'ralle'n: f;.lflodlll>urc:: Olher Rc.-mcdiell) the Properl)' I,
<br />" aequl~d by Lender. ull riltht, lille and interesl or Bnm1\lo'('r In ltnd Wany In!\uranee rolidc:\. nnd ill and to (be proceeds lhernofre5ulting
<br />I: (ronl dlllna~o In the PRlpcl1y printfe) II\(' ,,"ulc I.r ;lC'el"i"ilitlll. shall p:u>~ 1I1lxndcr In the ClI",:nl (lflhc ,"Um.'1. Jiccured hy thiJi Deed t'llTruJit
<br />I' immedia~ly prior 10 AUl:h u.le or acqui!ilion.
<br />11 All e(the righl! nfDoftO\L'Cr and tender hcft'undcr wilh reJi~Clla inlturance carric(!'., iMur::l.II.ce ~Jjcic" and insurance proceeds IlR
<br />f I subject 10 1he righl~ nf ,lfty holdcr of II prior <kc\1 of lru51 ",,'lIh tt:5pect In ,:aid insur:lnc:e camers, polie:ie! and procced~.
<br />I, S, PrcJi;C'f"tltion and Malnlcnaocc o( ~npeMY, lJarrower srnlll h'cp the PnlllCrty in good reruir ami shll.lI nul commit ~lile or
<br />permil ;ftl.pairnl~nl nr de~riuralinn nf thc PnI('CIlY alld .\h:.1I comr1y wun lhe: pmvisinns IIf un)' 1C'Il~e if chi!l. Oc:cd of TN~t I~ (I" II
<br />leasehold, bOl'TOWCr shall perfonn all or llomlWCr"s C)bnlr:L1i~n!l. under IIn)' d..'(.:luruljnn", ~ovenllnls, by-IOWA, Nle.. or olher document.
<br />go\ll:min[lthc u~t", owncrship (lr O('cupancy (lr lbe l"mpt'rt)'.
<br />9, f'mltCliem or Lcndc:r's Securll)'. Un'ept when DeltTnwcr hll~ clerC/lled OIIff1lWCr'S riJ.!hls under paru~",ph 6 uboYe, i( the
<br />Bnffowcr (ails 10 perform the I."OYCn.anl~ and aFrcelllcnl~ ronlOlined in chl!. Deed ofTrusl. or if 01 defallll occurs in. prior licn, or if an)'
<br />.1l:lIon or proct'C',hn;. l!\ ('Onlnlenc~'d which millerially am'~'IJ: L~'n(tc:r'!O inlCI'C!'.1 in the rmpc.'rIY. (hen Lender. Jlf Lender'. option, whh
<br />oolice to 8ot"tOWCr Ir re~ulred by lotw, nl:.l)' makc sUc:h lJrpc.':Jrun~'el\. di~hvr!lC such ~umlt ami take lluch at'tion as ill nccClltal')' (u protccl
<br />Lender'!\ inIClt!'.l, includmg, but nm limiled !c), di~b\Jr.~emcnl nfrC"''>C.lO/lhle lI11nroef!l fee!l. and entry upon the Propcn)' to mllke repairs.
<br />Borrower hereby ISsilTlJ to Lender any rip:hl BnmlWC'1 m:.l)' have by reJl~an of an)' priol c!'lcumbrlnce on the f'ropcny or by la~' or
<br />olhcrwillC 10 cu~ any de(ault under Jaid)'riot eocumhrnncc.
<br />Any amuuntl\ dl$hun;ed b)' Lender Jlurllu:tnt 10 thi!l. p:trat:r:qm 9. with i!'ltcrcst chereon. shall beet'lmc: addiliollallndcbtedncu of
<br />fI('In"(lWtr~llrcd b)' thili Dee:d ofT"lst. Sut'h alll.l.lUnllt shun he: r;ryahlc IlpnJ'l nUlice ffflm Lender 10 801l1lU1Cr ~lflle!l.tlnJ flllfment Ihereof.
<br />and Lender nu)' hrin, $Ullltl collea any amounls $0 di~bul'liCd plu~ inlerest s(Ccificd in pHr.J);rtph ~D (Nole: O1herObhgallon. Secu~),
<br />NOLhing C(lnI3iru:c1 in chi~ parl$r.nph 9 "h311 n:quitt Lendcr 10 in('ur on)' I:IPCUSC or l:tkc ;tny acllon hereunder.
<br />10. Inspection. Lender ma.y mak.e or eause 10 be m:ldc rea511naMe cnlric5 upon :\nd ;nspccllutl of the: Pmpenr.. provided that
<br />Lender !l.ha.lI give Bonuwer notice (Irit'lr 10 an)' !'.uch in~peclinn ~~cifyinp: rca.U'lnahfe cause lherdor related to Lender s lnte~" In lhe
<br />Ptorcn)',
<br />11, CondC'mmllion, The phlCt.'C:cb of Qny "ward or c1uim for damil~"''i, dlret'lllr cnnscqllt'nllll. in conneellon with bny can.
<br />demnalion t)f (llher lakin~ (I( the Propen)', or partlhcrtllf. or fm mnlo'Cynno::c In lieu nf e:nnl!cmnUlltln. are hereby MJi,ned Ind shall be
<br />paid !t'I ~ndC'r Q~ herein pruvldcd. However, all of Ihe tighl!l. of IllltnlWCr bnd Lender hereullder \I:jth rc,"pcclln ,.ueh proecedl lRl.ubjcct
<br />It'llhe righlS or an)' holder of l prior dced of lA/ltl.
<br />In Itte evenl elf a tOl:lllakinlt oflhe PnIJ"Crty, Ih{' rn":t'~"(I~ shall he applkd IlIlh(' sum,. SCl'll~d b)' Ihis Deed ofTruSl, whh the e...eCSll.
<br />if Iny, E'"id 10 Rt.lltlWCr. In Ihe C'''C'nl uf 0 partin! ,,,kin!; or 111e ('ropen)', thc pruc-ce:d~ rem:tinin, after lakina out any part or (he aw.rd dlle
<br />an)' priClrllcn holder (net award) shull be t1ividctJ bc:twccn l.ender and BOIl(l\lo'Cf. tillite ~311lC rmit)a.... the lroounC orthe 5uml secured by
<br />lhi!'. Deed n(TA/"t immedialely forie1r (0 Ihc dille o( lakin~ h.~nr!'. In Dnmlwcr'!I. cquily in lhe PruperlY hnmcdi'lely prior to the dale of
<br />i 1 taking. Don'(rIlo'Cr', Ct"'ity in lhe "nl(lt.'rly Il1t',tn~ ch~' lair 1l1llrl.:..1 V'Jluc Ill' Ihe l'rllr-.:ny lcs"lhe muol.lnl of sums secured by Mlh thi~ Deed
<br />of Trust and all prior lien~ (l:leepllalesJ IhullIre tn m.cive ,my (lfche :t'o\'llrd, all ~Ithc Y'Jlue: immediately prior to the date or taking.
<br />Irrhc I'nlpcrty i!C Ilhlllldnned "y ItlllltlWl,:r.llr if, lIner Iltllkc:: h)' I...:nder lit IInmflwr lh:lt llJt~ wntlemnnr(l((et$lo make In 1I\Wrd or
<br />seule a claim ror t.!,lIual,lClI, Bell'n~r fltilll to n:~f'\lnt.llu lAnder within In rJa)'" "nc.,t Iii... u:!IC ,~u\,'h 1l11liro:c is ~ivcn, Lcmkr is llUlmllil.cd In
<br />collect and apl")' Ihe ptOCC:ed~, 0.1 Lendcr', opli[ln, tither to re!t.lOllIlion Ilt repairuf Ihe Pwpcny 01 to lhe $umJ 1oCCun:d by Ihls Deed of
<br />Trusl.
<br />Any ~ueh Ilrrlielllion ro proc(:ed~ tOI,r!nC'illal shall IlU! ~J.lcnd nrpl'l~lr(lnt:' lht"tllle t1:ltC or the inlilallment5 rderm:llo in paragraphs 4
<br />(Paynlenl (If PrineiT'tll anJ Inlcre~U and ~.1 W~CI'c)w hmrJ.~ rur T:L\t's lIntl Insllr.Jllc.'cl "nr dl;Illl!C tho: 31nClunl o( Jiul:h in~lallmcntlC.
<br />Ii 12:. 9om.lW\~r N01 Rclt'a.~ed. ~xten!lC1n or Ihe lime rc" ~)'mcnt (1' hlodiJicucivn [lr ;lnlort;1.alion O(IM llumli secured by thiS Deed
<br />I [ orTI'\l!il JTIntedl')' Lender (n any 5ucce"~nt in Imere!l.l tlf" f)tlmlwcr !l.hall nOI C1per:ltc 1(1. rrlc.a~c, in an)' mannc:r, the liabililY t'I(lhe origin.1
<br />~ 1 Bonuwcr. nor (Jut1'OWet'lI suece!'.sors in inICI'Csl. fmm the rori!!lnallCrm5 ohhis {)e(od anlU,~I, I.emlc:r 5hall nol be requlrtd fGCOmmencc.
<br />Jlroeudillf1;s ngainsc 1luch 5lJCces:tOr ('If' tt'rme In cllen'" lime for p:t)',ncnl orocherwiJ:e me1tlify amorlizalion ofthe' 'UmJ KC'ured by lids
<br />Deed (If Tnl,.1 b)' rcalion of any delnand muele by Ihe oricintti Barrower nor Bon-ower's 5UCi:e!l."nrs in inlCteSI.
<br />13. mhcaranee by LenderNOIll Waiver, Any f(lrhearance t1y l.entJer in e.\en.:h.inl;: ani' ri,hl or remedy heltunder, oro&herwise I:
<br />afforded hy la..... shnll rtCll be a wah'C'r or Jlrcclutle Ihe clIercisc uf an)' J,ut'h ril1hl or remedy. ,
<br />14. Remcdiell Cumulalive. Ench rcmedvllflwidcd in Ihe' Nelle' IIOd ,hi:' Dt'\."() uf Trust is distinct from and cumul.tive (0 III other !:
<br />Iightlt nr relnellies Ilnder (he N~ and this l)ccJ ~)rTMI or dfordt'rJ tl)' law or eqlllt)', ~nd may be exen:ised collcumndy,lnd'epc.ndendy I,
<br />.,'uece"lv<iv. I:
<br />1$. SU(('c~Sorlt llnd ^!I!\i[:nJl Ruund: Jelinl nnd SClo'C:ntllJahlllly: Cilrlltlns. The C(lY(nanl~ lnd ag.reement, herein contained shall 1'".
<br />hind. and the rl~hl~ hetl:'undcr ~hall inure tll.lhe I'ClollCl.'live I'U{'('C'!I.)((In: and ~J:si~n!l.orl.cnLkr nnd BomlWCr. sUbJeCI ro Ibe providons or
<br />fW'a[!.r8p~ 24 IT ran!l.rerof Ihe P'r?re~y: Alillumpllllnl. All eOYC'nanlli /lnt.! u~reemcnls of lIorrt'tWl:r shalt be join! and R1'etal. The: cllfIllons
<br />~i and headlJlgstl(lhc p1ra1traphs In lhu, Dr:c.-doI'Trusl an: rorc(ln\'t:lI.icncc only and are nUl III hi: u,'<Cd 10 incerpret orde8oc chc prv.uiooJ
<br />, hel'C(lf,
<br />'I 16. Notice. EI~'C'r1 fc~r DAY nllliec: rt'tjulrcd by luw I'~ llc ~iV('n in anelth~rl11i1nnt'r. Clll :IDY "t.llke l[l BOlTUWCr provided for In Ihis
<br />' ~t.lfTm!t:I,~hl'lllllc In writing and :-hnll he 1!iven:rncJ I~ df~.livt,; lIf'nnlllcJclh'Cl')' In Borr""'!:tnrl:!1 mllilinll ~uchll(\lkcby Antoc:lu.
<br />I J V.S. mall, IIde!rcsscd 10. 8olT~r III DU~lWCr'5 :!dcJft's.~ J,l;lleel ~t'n:I~ (If;n ~u{'h tllhcr al.ldrc!'.lt a!l. BOlTO\alCr may dcsl.nlle b)' notlct 10
<br />,j Lender;,! Jllm'lderl hen.:Ill, :lnd ChJ an)' nnU~'e 10 Lender ~hllll tlc 10 w"llnE: aile! J,hOlJl be p.h"(.'n lInd N: (!rfccti'fC uflOn (Odcllvery 10 Lender
<br />H. 01' (2) rlluiling !l.lIch no(j{.c by firsl.dl.ls!t U.S. IlInil. ((11.end...,'" fuldl'C!l.ll "Ill led hcft'"in ur III !t.1Ic.'h Illher lIddrell$. as Lender may dclisnalC by
<br />notice to BomlWel' as pmvidc.d herein. An)' "otke prClvided for in Ihi~ Deed ofTl1llit .shall be deemed to blYC been SiVCR 10 BolttM'C!:ror
<br />Lender whton given in any manne:r t.lc51llnaletl herein. 1.'1
<br />'? CO\ol:ming Luw; SCYl:r:thllil~. Thc NllIc and Ihill lkl'd "rTnlsl sh:.lll he ~O\Wfl.l:J hy lIlt: lawllfCallltlldo.lnthecvtnl (hili an)'
<br />plt')vl:uon or .c1au"e nflhi~ Deed ofTru51 or lhe N",~ ellnllicc" wilh the law, ~ut'h eonnlcc shill! nor a.ffKt olher provisions ohhis Deed of
<br />TNSI urlhe: Nt'llc which can hc'r:i\ICn efT(.'('t wilhtlVl the conniclin& prclYi"i,>n,1I0l.1 II) lhis coo lhe rtovl!l.ionll aflhc Deed ofTruAllnd Nole
<br />lrt decllttd 10 be sevtrable.
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