Whenrecordedmailto:
TitleNo.EscrowNo.
DEEDOFTRUSTWITHASSIGNMENTOFRENTS
ThisDEEDOFTRUST,madethisdayof,20between
hereincalledTRUSTORwhoseaddressis
FIDELITYNATIONALTITLECOMPANY,aCaliforniacorporation,hereincalledTRUSTEE,and
hereincalledBENEFICIARY
Trustorirrevocablygrants,transfersandassignstoTrusteeinTrust,with PowerofSalethatpropertyintheCountyof ,StateofCalifornia,describedasfollows:
A.P.N.
Togetherwiththerents,issuesandprofitsthereof,subject,however,totheright,powerandauthorityhereinaftergiventoandconferreduponBeneficiarytocollectandapplysuchrents,issuesandprofits.
FORTHEPURPOSEOFSECURING(1)paymentofthesumof($)Dollarswithinterestthereonaccordingtotheterms ofapromissorynoteornotesofevendateherewithmadebyTRUSTOR,payabletoorderofBENEFICIARY,andextensionsorrenewalsthereof;(2)theperformanceofeachagreementofTRUSTORincorporatedby referenceorcontainedhereinorrecitingitissosecured;(3)paymentofadditionalsumsandinterestthereonwhichmayhereafterbeloanedtoTrustor,orhisorhersuccessorsorassigns,whenevidencedbyapromissorynoteornotesrecitingthattheyaresecuredbythisDeedofTrust.
A.ToprotectthesecurityofthisDeedofTrust,andwithrespecttothepropertyabovedescribed,Trustoragrees:
(1)Tokeepsaidpropertyingoodconditionandrepair;nottoremoveordemolishanybuildingthereon;tocompleteorrestorepromptlyandin goodandworkmanlikemanneranybuildingwhichmaybeconstructed,damagedordestroyedthereonandtopaywhendueallclaimsforlaborperformedandmaterialsfurnishedtherefor;tocomplywithalllaws affectingsaidpropertyorrequiringanyalterationsorimprovementstobemadethereon;nottocommitorpermitwastethereof;nottocommit,sufferorpermitanyactuponsaidpropertyinviolationofthelaw;tocultivate,irrigate,fertilize,fumigate,pruneanddoallotheractswhichfromthecharacteroruseofsaidpropertymaybe reasonablynecessary,thespecificenumerationshereinnotexcludingthegeneral.
(2)Toprovide,maintainanddelivertoBeneficiaryfireinsurancesatisfactorytoandwithlosspayabletoBeneficiary.Theamountcollectedunderany fireorotherinsurancepolicymaybeappliedbyBeneficiaryuponanyindebtednesssecuredherebyandinsuchorderasbeneficiarymaydetermine,oratoptionofBeneficiarytheentireamountsocollectedoranypartthereofmaybereleasedtoTrustor.Suchapplicationorreleaseshallnotcureorwaiveanydefaultornoticeofdefaulthereunderorinvalidateanyactdonepursuanttosuchnotice.
(3)Toappearinanddefendanyactionorproceeding purportingtoaffectthesecurityhereofortherightsorpowersofBeneficiaryorTrustee;andtopayallcostsandexpenses,includingcostofevidenceoftitleandattorney’sfeesinareasonablesum,inany actionorproceedinginwhichBeneficiaryorTrusteemayappear,andinanysuitbroughtbyBeneficiarytoforeclosethisDeedofTrust.
(4)Topay:atleasttendaysbeforedelinquencyalltaxesandassessmentsaffectingsaidproperty,includingassessmentsonappurtenantwaterstock;whendue,allencumbrances,chargesandliens,withinterest,onsaidproperty oranypartthereof,whichappeartobepriororsuperiorhereto;allcosts,feesandexpensesofthisTrust.
ShouldTrustorfailtomakeanypaymentortodoanyactashereinprovided,thenBeneficiaryorTrustee,butwithoutobligationsotodoandwithout noticetoordemanduponTrustorandwithoutreleasingTrustorfromanyobligationhereof,may:makeordothesameinsuchmannerandtosuchextentaseithermaydeemnecessarytoprotectthesecurityhereof,BeneficiaryorTrusteebeingauthorizedtoenteruponsaidpropertyforsuchpurposes;appearinanddefend anyactionorproceedingpurportingtoaffectthesecurityhereofortherightsorpowersofBeneficiaryorTrustee;pay,purchase,contestorcompromiseanyencumbrance,charge,orlienwhichinthejudgmentof eitherappearstobepriororsuperiorhereto;and,inexercisinganysuchpowers,paynecessaryexpenses,employcounsel andpayhisorherreasonablefees.
(5)TopayimmediatelyandwithoutdemandallsumssoexpendedbyBeneficiaryorTrustee,withinterestfromdateofexpenditureattheamountallowedbylawineffectatthedatehereof,andtopayforanystatementprovidedforbylawineffectatthedatehereofregardingtheobligationsecuredhereby,anyamountdemandedbytheBeneficiarynottoexceedthemaximumallowedbylawatthetimewhensaidstatementisdemanded.
B.Itismutuallyagreed:
(1)Thatanyawardofdamagesinconnectionwith anycondemnationforpublicuseoforinjurytosaidpropertyoranypartthereofisherebyassignedandshallbepaidtoBeneficiarywhomayapplyorreleasesuchmoneysreceivedbyhimorherinthesamemannerandwiththesameeffectasaboveprovidedfordispositionorproceedsoffireorotherinsurance.
(2)Thatbyacceptingpaymentofanysumsecuredherebyafteritsduedate,Beneficiarydoesnotwaivehisorherrighteithertorequirepromptpaymentwhendueofallothersumssosecuredortodeclaredefaultforfailuresotopay.
(3)Thatatanytimeorfromtimetotime,withoutliabilitythereforandwithoutnotice,uponwrittenrequestofBeneficiaryandpresentationofthisDeedandsaidnoteforendorsement,andwithoutaffectingthepersonalliabilityoranypersonforpaymentoftheindebtednesssecuredhereby,Trusteemay:reconveyanypartofsaidproperty;consent
tomakingofanymaporplatthereof;joiningrantinganyeasementthereon;orjoininanyextensionagreementoranyagreementsubordinatingthelienorchargehereof.
(4)Thatuponwrittenrequestofbeneficiarystatingthatallsumssecuredherebyhavebeenpaid,anduponsurrenderofthisDeedandsaidnoteto TrusteeforcancellationandretentionorotherdispositionasTrusteeinitssolediscretionmaychooseanduponpaymentofitsfees,Trusteeshallreconvey,withoutwarranty,thepropertythenheldhereunder.Therecitalsinsuchreconveyanceofanymattersorfactsshallbeconclusiveproofofthetruthfulnessthereof.TheGranteeinsuchreconveyancemaybedescribedas“thepersonorpersonslegallyentitledthereto.”
(5)Thatasadditionalsecurity,TrustorherebygivestoandconfersuponBeneficiarytheright,powerandauthority,duringthecontinuanceoftheseTrusts,tocollecttherents,issuesandprofitsofsaidproperty,reservinguntoTrustortheright,priortoanydefaultbyTrustorinpaymentofanyindebtednesssecuredherebyorinperformanceofanyagreementhereunder,tocollectandretainsuchrents,issuesandprofitsastheybecomedueandpayable.Uponanysuchdefault,Beneficiarymayatanytimewithoutnotice,eitherinperson,byagent,orbyareceiverto beappointedbyacourt,andwithoutregardtotheadequacyofanysecurityfortheindebtednessherebysecured,enteruponandtakepossessionofsaidpropertyoranypartthereof,inhisorherownnamesuefororotherwisecollectsuchrents,issues,andprofits,includingthosepastdueandunpaid,andapplythesame,lesscostsandexpensesofoperationandcollection,includingreasonableattorney’sfees,uponanyindebtednesssecuredhereby,andinsuchorderasBeneficiarymaydetermine.Theenteringuponandtakingpossessionofsaidproperty,thecollectionof suchrents,issuesandprofitsandtheapplicationthereofasaforesaid,shallnotcureorwaiveanydefaultornoticeofdefaulthereunderorinvalidate anyactdonepursuanttosuchnotice.
(6)ThatupondefaultbyTrustorinpaymentofanyindebtednesssecuredherebyorinperformanceofanyagreementhereunder,BeneficiarymaydeclareallsumssecuredherebyimmediatelydueandpayablebydeliverytoTrusteeofwrittendeclarationofdefaultanddemandforsaleandofwrittennoticeofdefaultandofelectiontocausetobesoldsaidproperty,whichnoticeTrusteeshallcausetobefiledforrecord.Beneficiaryalsoshalldeposit withTrusteethisDeed,saidnoteandalldocumentsevidencingexpendituressecuredhereby.
Afterthelapseofsuchtimeasmaythenberequiredbylawfollowingtherecordationofsaidnoticeofdefault,andnoticeofsalehavingbeengivenasthenrequiredbylaw,TrusteewithoutdemandonTrustor,shallsellsaidpropertyatthetimeandplacefixedbyitin saidnoticeofsale,eitherasawholeorinseparateparcels,andinsuchorderasitmaydetermine,atpublicauctiontothehighestbidderforcashinlawfulmoneyoftheUnitedStates,payableattimeofsale.Trusteemaypostponesaleofalloranyportionofsaidpropertybypublicannouncementatsuchtimeandplace ofsale,andfromtimetotimethereaftermaypostponesuchsalebypublicannouncementatthetimefixedbytheprecedingpostponement.Trusteeshalldelivertosuchpurchaseritsdeedconveyingthepropertysosold,butwithoutanyconvenantorwarranty,expressorimplied.Therecitalsinsuchdeedofany mattersorfactsshallbeconclusiveproofofthetruthfulnessthereof.Anyperson,includingTrustor,Trustee,orBeneficiaryashereinafterdefined,maypurchaseatsuchsale.
Afterdeductingallcosts,feesandexpensesofTrusteeandofthisTrust,includingcostofevidenceoftitleinconnectionwithsale,Trusteeshallapplytheproceedsofsaletopaymentof:allsumsexpendedunderthetermshereof,notthenrepaid,withaccruedinterestattheamountallowedbylawineffectatthedatehereof;allothersumsthensecuredhereby;andtheremainder,ifany,tothepersonorpersonslegallyentitledthereto.
(7)Beneficiary,oranysuccessorinownershipofanyindebtednesssecuredhereby,mayfromtimetotime,byinstrumentinwriting,substitute asuccessorofsuccessorstoanyTrusteenamedhereinoractinghereunder,whichinstrument,executedbytheBeneficiaryanddulyacknowledgedandrecordedintheofficeoftherecorderofthecountyorcountieswheresaidpropertyissituated,shallbeconclusiveproofofpropersubstitutionofsuchsuccessorTrusteeor Trustees,whoshall,withoutconveyancefromtheTrusteepredecessor,succeedtoallitstitle,estate,rights,powersandduties.SaidinstrumentmustcontainthenameoftheoriginalTrustor,TrusteeandBeneficiaryhereunder,thebookandpagewherethisDeedisrecordedandthenameandaddressofthenewTrustee.
(8)ThatthisDeedappliesto,inurestothebenefitof,andbindsallpartieshereto,theirheirs,legatees,devisees,administrators,executors,successors,andassigns.ThetermBeneficiaryshallmeantheownerandholder,includingpledgees,ofthenotesecuredhereby,whetherornotnamedasBeneficiaryherein.InthisDeed,wheneverthecontextsorequires,themasculinegenderincludesthefeminineand/ortheneuter,andthesingularnumberincludestheplural.
(9)TheTrusteeacceptsthisTrustwhenthisDeed,dulyexecutedandacknowledged,ismadeapublicrecordasprovidedbylaw.Trusteeisnot obligedtonotifyanypartyheretoofpendingsaleunderanyotherDeedofTrustorofanyactionorproceedinginwhichTrustor,BeneficiaryorTrusteeshallbeapartyunlessbroughtbyTrustee.
Beneficiarymaychargeforastatementregardingtheobligationsecuredhereby,providedthechargethereofdoesnotexceedthemaximumallowedbylaws.
TheundersignedTrustor,requeststhatacopyofanynoticeofdefaultandanynoticeofsalehereunderbemailedtohimorherathisorheraddresshereinbeforesetforth.
Trustorsignature
Trustorsignature
Trustorsignature
Trustorsignature
Stateof
Countyof
Onbeforeme,, (hereinsert nameandtitleoftheofficer),personallyappeared ,who provedtomeonthebasisofsatisfactoryevidencetobetheperson(s)whosename(s)is/aresubscribed tothewithininstrumentandacknowledgedtomethat he/she/they executed thesameinhis/her/theirauthorizedcapacity(ies),andthatbyhis/her/theirsignature(s)ontheinstrumenttheperson(s),orthe entityuponbehalfofwhichtheperson(s)acted, executed the instrument.
I certify under PENALTY OF PERJURY under the lawsof the State of California thattheforegoingparagraphistrueandcorrect.
WITNESS my hand and official seal.
Signature(Seal)
DONOTRECORD
REQUESTFORFULLRECONVEYANCE
To FIDELITY NATIONAL TITLE COMPANY
Theundersignedisthelegalownerandholderofthenoteornotes,andofallotherindebtedness securedbytheforegoingDeedofTrust.Saidnoteornotes,togetherwithallotherindebtednesssecured bysaidDeedofTrusthavebeenfullypaidandsatisfied;andyouarehereby requestedanddirected,onpayment to you of any sums owning to you under the termsofsaidDeedofTrust,tocancelsaidnoteornotes above mentioned, and all other evidence of indebtednesssecuredbysaidDeedofTrustdeliveredto you herewith, together with the said Deed of Trust, and to reconvey, without warranty, to the partiesdesignatedbythetermsofsaidDeedofTrust,all the estate now held by you under the same.
Dated
PleasemailDeedofTrust,Note(s)andReconveyanceto: