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DO NOT RECORD
The following is a copy of Subdivisions A and B of the fictitious Deed of Trust recorded in each county in California as stated in the foregoing Deed of Trust and incorporated by
reference in said Deed of Trust as being a part thereof as if set forth at length there€n.
A To protect the security of this Deed of Trust.Trustor agrees.
(1) To keep said property in good condition and repair.aot to remove or demolish any building thereon,to complete or restore promptly and in good and workmanlike manner
any building which may be constructed,damaged or destroyed thereon and to pay when due all claims for labor performed and materials furnished therefor;to comply with all
laws affecting said property or requiring any alterations or improvements to be made thereon:not to commit or permit waste thereof:not to commit,suffer or permit any act upon
said property in violation of law:to cultivate,irrigate,fertilize,fumigate,prune and do all other acts which from the character or use of said property may be reasonably necessary.
the specific enumerations herein not excluding the general.
(2) To provide,maintain and deliver to Beneficiary fire insurance satisfactory to and with loss payable to Beneficiary.The amount collected under any fire or other insurance
policy may be applied by Beneficiary upon any indebtedness secured hereby and in such order as Beneficiary may determine,or at option of Beneficiary the entire amount so
collected or any part thereof may be released to Trustor.Such application or release shall not cure or waive any default or notice of default hereunder or invalidate any act done
pursuant to such notice,
(3) To appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee;and to pay all costs and expenses,
including cost of evidence of title and attorney's fees in a reasonable sum,in any such action or proceeding in which Beneficiary or Trustee may appear,and in any suit brought
by Beneficiary to foreclose this Deed.
(4) To pay:at least ten days before delinquency all taxes and assessments affecting said property,including assessments on appurtenant water stock; when due, all
encumbrances,charges and liens,with interest,on said property or any part thereof,which appear to be prior or superior hereto;all costs,fees and expenses of this Trust.
Should Trustor fail to make any payment or to do any act as herein provided,then Beneficiary or Trustee,but without obligation so to do and without notice to or demand
upon Trustor and without releasing Trustor from any obligation hereof,may:make or do the same in such manner and to such extent as either may deem necessary to protect
the security hereof,Beneficiary or Trustee being authorized to enter upon said property for such purposes;appear in and defend any action or proceeding purporting to affect the
security hereof or the rights or powers of Beneficiary or Trustee;pay,purchase,contest or compromise any encumbrance,charge or lien which in the judgment of either appears
to be prior or superior hereto;and,in exercising any such powers,pay necessary expenses.employ counsel and pay his reasonable fees,
(5) To pay immediately and without demand all sums so expended by Beneficiary or Trustee,with interest from date of expenditure at the amount allowed by law in effect
at the date hereof,and to pay for any statement provided for by law in effect at the date hereof regarding the obligation secured hereby any amount demanded by the Beneficiary
not to exceed the maximum allowed by law at the time when said statement is demanded.
B. it is mutually agreed:
(1) That any award of damages in connection with any condemnation for public use of or injury to said property or any part thereof is hereby assigned and shall be paid
to Beneficiary who may apply or release such moneys received by him in the same manner and with the same effect as above provided for disposition of proceeds of fire or other
insurance.
(2) That by accepting payment of any sum secured hereby after its due date,Beneficiary does not waive his right either to require prompt payment when due of ail other
sums so secured or to declare default for failure so to pay
(3) That at any time or from time to time,without liability therefor and without notice,upon written request of Beneficiary and presentation of this Deed and said note for
endorsement,and without affecting the personal liability of any person for payment of the indebtedness secured hereby,Trustee may:reconvey any part of said property:consent
to the making of any map or plat thereof;join in granting any easement thereon;or join in any extension agreement or any agreement subordinating the lien or charge hereof.
(4) That upon written request of Beneficiary stating that all sums secured hereby have been paid,and upon surrender of this Deed and said note to Trustee for cancellation
and retention or other disposition as Trustee in its sole discretion may choose and upon payment of its fees,Trustee shall reconvey,without warranty,the property then held hereunder
The recitals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof,The Grantee In such reconveyance may be described as"the person
or persons legally entitled thereto."
(5) That as additional security,Trustor hereby gives to and confers upon Beneficiary the right,power and authority,during the continuance of these Trusts,to collect the
rents,issues and profits of said property,reserving unto Trustor the right,prior to any default by Trustor in payment of any indebtedness secured hereby or in performance of any
agreement hereunder,to collect and retain such rents,issues and profits as they become due and payable.Upon any such default,Beneficiary may at any time without notice,
either in person,by agent,or by a receiver to be appointed by a court,and without regard to the adequacy of any security for the indebtedness hereby secured,enter upon and
take possession of said property or any part thereof,in his own name sue for or otherwise collect such rents,issues,and profits,including those past due and unpaid,and apply
the same,less costs and expenses of operation and collection,including reasonable attorney's fees,upon any indebtedness secured hereby,and in such order as Beneficiary
may determine.The entering upon and taking possession of said property,the collection of such rents,issues and profits and the application thereof as aforesaid,shalt not cure
or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice.
(6) That upon default by Trustor in payment of any indebtedness secured hereby or in performance of any agreement hereunder,Beneficiary may declare all sums secured
hereby immediately due and payable by delivery to Trustee of written declaration of default and demand for sale and of written notice of default and of election to cause to be sold
said property,which notice Trustee shall cause to be filed for record, Beneficiary also shall deposit with Trustee this Deed,said note and all documents evidencing expenditures
secured hereby.
After the lapse of such time as may then be required by law following the recordation of said notice of default,and notice of sale having been given as then required by law.
Trustee,without demand on Trustor,shall sell said property at the time and place fixed by it in said notice of sale,either as a whole or in separate parcels,and in such order as
it may determine,at public auction to the highest bidder for cash In lawful money of the United States,payable at time of sale.Trustee may postpone sale of all or any portion
of said property by public announcement at such time and place of sale,and from time to time thereafter may postpone such sale by public announcement at the time fixed by
the preceding postponement.Trustee shall deliver to such purchaser its deed conveying the property so sold,but without any covenant or warranty,express or implied,The recitals
in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof.Any person,including Trustor,Trustee,or Beneficiary as hereinafter defined,may purchase
at such sale.
After deducting all costs,fees and expenses of Trustee and of this Trust,including cost of evidence of title in connection with safe,Trustee shall apply the proceeds of sale
to payment of:all sums expended under the terms hereof,not then repaid,with accrued interest at the amount allowed by law in effect at the date hereof;ail other sums then
secured hereby;and the remainder,if any,to the person or persons legally entitled thereto.
(7) Beneficiary,or any successor in ownership of any indebtedness secured hereby,may from time to time,by instrument in writing,substitute a successor or successors
to any Trustee named herein or acting hereunder,which instrument,executed by the Beneficiary and duly acknowledged and recorded in the office of the recorder of the county
or counties where said property is situated,shall be conclusive proof of proper substitution of such successor Trustee or Trustees,who shall,without conveyance from the Trustee
predecessor,succeed to all its title,estate,rights,powers and duties.Said instrument must contain the name of the original Trustor,Trustee and Beneficiary hereunder,the book
and page where this Deed is recorded and the name and address of the new Trustee.
(8) That this Deed applies to,inures to the benefit of,and binds all parties hereto,their heirs,legatees,devisees,administrators,executors,successors and assigns.The
term Beneficiary snail mean the owner and holder,including pledgees,of the note secured hereby,whether or not named as Beneficiary herein.in this Deed,whenever the context
so requires,the masculine gender includes the feminine and/or neuter,and the singular number includes the plural.
(9) That Trustee accepts this Trust when this Deed,duly executed and acknowledged,is made a public record as provided by law.Trustee is not obligated to notify any
party hereto of pending sale under any other Deed of Trust or of any action or proceeding in which Trustor,Beneficiary or Trustee shalt be a party unless brought by Trustee.
DO NOT RECORD REQUEST FOR FULL RECONVEYANCE
TO FIRST AMERICAN TITLE INSURANCE COMPANY,TRUSTEE:
The undersigned is the legal owner and holder of the note or notes,and of all other indebtedness secured by the foregoing Deed of Trust.Said note or
notes,together with all other indebtedness secured by said Deed of Trust,have been fully paid and satisfied;and you are hereby requested and directed,
on payment to you of any sums owing to you under the terms of said Deed of Trust,to cancel said note or notes above mentioned,and all other evidences
of indebtedness secured by said Deed of Trust delivered to you herewith,together with the said Deed of Trust,and to reconvey,without warranty,to the parties
designated by the terms of said Deed of Trust, all the estate now held by you under the same.
Dated
Please mail Deed of Trust,
Note and Reconveyance to
Uo not lose or destroy this I)eed of Trost OR 7HE N07E wbich it secures.Both must he delivered to the 7i-ustee for cancellation before reconveyance will be made
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DO NOT DESTROY THIS NOTE: 'When paid, this note and the Deed of Trust must be
surrendered to the First American Title Insurance Company with request for reconvevance.
INSTALLMENT NOTE
(INTEREST INCLUDED)
s65,700.00 Redlands --------- �-ahfornla,_ _ __December 8 _ 1
-----------
In installments and at the times hereinafter stated, for value received-------, the undersigned--
p rornise___-_
ndersignedprornise-- to pay to CITY OF REDLANDS, A RJNICIPAL CORPORATION - - - - - - - - - - - - -
or order, at Redlands, California - ----------------------- - ------------------------------ ----------------------- -------- ------
............-------
the aril ciloall Sum. of SIXTY FIVE THOUSAND SEVEN HUNDRED AND NO/100 - - - - - - - - - - - Dollars,
..................----------------------------
w-h 'merest from- December 14, 1993 rincipal remaining from t.rne to thnne
--------............ on the announis of pz
unpaid, until said principal sum is paid, at the rate of______ 7-1/2 per cent, per annum. Principal and interest due
onthlstaienm of SEVEN HUNDRED SEVENTH NINE AND 89/100
in rri , in 'm ----!:---——-- ---------------------------------
ts
779.8 same or more on i he
k 1-111--------------- -----------day of each and every month, beginni3 on the -,14th-----------------day
January__.,___
0-11-----, "I 199-4-1--and continuing monthly thereafter until and including the
14th day of December 1994 at which time all unpaid principal and interest
-shall be due and payable.
Wr-k-1 k4rll AjUrky AVY11AU oikilkh/ 'EGE IS RE-
AT ANY TIME, PRI THF -
SERVED TO PAA MORE THAN THE SUM DUE, Each payment shall be credited first, on the interest then due; and' the remain-
der on the principal sum; and interest shail thereupon cease upon the amount so credited on the said principal sum, Should
defauit be made in the payment of any of said installments when due, then lhe whicle sum of principal and interest sha-11
becomemme
idiatelyu
Oe and pavable at tho
e ptn say the holder of this note. Shoul- suit be commenced to coilect this
of or any portion thereof, such sura, as the Court mas, deem reasonable shall be added hereto as attorney's fees. Principal
a npayable lawful, money of the Unitd zmates of America.iV is note is secured by a certain DEED OF TRUST to
d merest eh
,he FIRST AMERICAN TITLIii!NSURANCE COMPANY, a California corporation, as I
�4'N R HAZEL L. FULtER
---------- ------- ------
---------------- ----------- -------------- --------
1079 (4/72)