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<br /> , , a��dinsl lutuiu niei����°�stallments of Funds.I/ihs amount ol tho Funds held by B�:tollclnry shA��not bo sufflclont to pay taxos,nsr,onsmonte, . � _
<br /> ' insuronco promlums And pround ronr�as they fall due,Lusto�shall pay ro Boneticlnry ary amount nocossary ro mnke up tho daiic�onGy wifiun�hvty
<br /> ; days�rom tho dafe notice ls meilod by 9enellclary lo Trusto�rnquostmg paymont thorool Upon pnymenf ln lull of nu mdabrodnnss.�onntrcinry�Irn1l
<br /> p,vmptty rolund ro Truslor ary Funds held by Beneflclary.!/the Tiust Propery!s suld undor�ho powor ol snlo or tho irust P�opnrry is ntharwlsn
<br /> r�r.qulrvd by Beneticiary,SenRflclary shali apply, Immedotety p�lo�to the sale of the Tivat Property or ds r+cquls«�on b��Bonohciary,nny FwulS hold ;.;4,
<br /> hp Bonatrclary at tho tlme ol appllcatlon os e cred�t ageinst 1he Indebtodnvss.U Benoflciary vxncutos a wntton wa�vor ol ilusror's obll�ntmn:�ondo�
<br /> • t GTis painpraph 4,Tiusror ca�enants and agrees/o pay,be/oro the seme becomo dolmquont,all faxos,assoss Ti�stor fur�hor o�roosnuPm���utcn� !f i
<br /> ��:nts,and all other charges whatsoever levletl upon oi essessed,placed or mado apalnsf tho Tiust Frvporty 0 : ;; ;.
<br /> ) rtaquest by Bone(IC1ary,to promptty dellver ro Bonellclary a/1 recelpts lo�fhe paym�nt ol such chnrgos- 1Yusror pkow�se ngroos fa p�y n�llrixvs, I
<br /> nssossments. �.:�ther chnrges levied upon ur assosscd, p:aced or mado a�ninsr,or meas�uod by.rhis Dood of lYust or Ihn rrtrcnrdnfion horaol - .
<br /> '' b. AppllcAtlon ol Payments.All pnyments recelved b/8ene�iclary as to any debt,Ilab�liry or obligahon avod ro Bonah<�Inrv bv Tiustor m��y b0 AJlphod ryj �„
<br /> � "� peneliclary to the payment of th�/ndebtedness or to aM such other debt,!lablliry or o6llgatlon,in any ordor or monnor o/appllcntlan�vhioh
<br /> ���•f"'""� i3ene!lclnry,In lls Absolute dlscrotion,deems appropriala Unless othenvlso efected by Bonahcit+ry,any such payment shNl ho dnomod npp!md in:6t ',.
<br /> � "�� .o the payment af any dabt I/ob!lity or obllgallon other Ihan ihe Noto. :.��
<br /> ' (3. ��herges:Llens.7rustor wlll keep the imst Property Ireelrom al!lrens and oncumbrances wh/ch In nny way may,m►ho/udpmon►o!BOnallr,�nry,hm�a '
<br /> �r/nnry ove�or 1mpaN the sscwity ol,lhls Deed N Trusl but Trustor need not dlschorga any such lion so long as Truslor shau op�oo, (n wnting,to f '•�.
<br /> r��the obligation securod by auch lianln a manner acceptable to Baneflclary and shall(n good larth contost such lien by npproprinta Iqpo! ,:;,;.
<br /> proceodings eHective to prevent the onfoncement o/the lien and the foss oi any Interost!n a part oJ�he irust Proporty
<br /> 7. Hazard fnsuran�e. Tiusior shAll koep fhe buildings andotherlmprovemonls now oxlsting a horoultor orocted on tho Tiust Proporry Insurod hy �,'
<br /> �nsurance ca.riers satisiactory fo Beneliciary agains!loss by fl+e,hazards included In the term'gxtondod covora�n"and such othor haznrd9. � ,,_
<br /> ' cnsual�les and conNngenclea as mtry De�equlreG by Beneflclary,in such amounts end!or such penods as ma/bo roqWrod by Banofir,ln�y. Tho _—
<br /> � oo�lcy ol lnsurance shall 60!n:orm acceptable to Beneficlary,provlde that the sema may not bo ct+ncelled or modil��d wlthout l�Bovn(I5)days p�'or , _
<br /> w�itten notice to 6enaflc/ary,and sha11 have bss payaWe provlslons In fava of and in form ecceptablo to Bonellclary.All promlums on In9urAnco _
<br /> � pollcies shali ba pald in the manner provlded under paragiaph 4 hereo/o%il not paid!n such mannor,by Tiusfor maklnp paymnnt nt lonFf Idtoom/,/6) �+- �'
<br /> dnys pdor to the due date,dlrectly ro Ihe insuranca cerrie�8enoflc7ary shall have the right!o hold fhe pollclos and renewals thero0/ond Th�slor r3�aU �% �
<br /> prompUy lumish�o Bene��clary ali rene�val notices endall paid pramlum recerpis recaived by it.!n no event shall Qaneliclary or Trustvo ds held �_,V-
<br /> � responsible(or�ailure to pay lnsursnce premlums w Ia eny loss or damage arising out oi a defect In arry policy or adsln�ouf of nny lalluro o!enr/ y __
<br /> Insuranc�company[o pay fo�eny loss or tlamage lnsurod agaJnst or lor laifure by Tiusta to e�lect the insurpnce requlrnd haroundor.In fho eve�N nt ,,.,
<br /> loss,Tiusta si�aU give prompt notice by mail to ihe insu�ence canier and Beneficiary.Benellclary may mako prool ol loss il not mndo prompNy�.r In � _
<br /> � proper rorm by Trustcc All pollcies of 7nsurance and any and sl!refunds o/un.earned premlums aro hereby asslgned[o BQnehciAry ns aUditlonAl 1,__
<br /> socurlry lor tho payment of the Indobtedness. /n the evant o/Beneliclary's exerclse o�the power o/sa/e contalned heroin,or in tho awnt ol `s,;
<br /> i� foroclosure,aIl rlght,iiffe and lnteresf o/Tiusto�in andlo any insu�ance policy rhan!n lorce shall pass to thv purchaser nt tho trusfno's solo a ��u�
<br /> loreclosure sale.!n case o�atry loss,tha insurance p�oceeds may,at the option ol Benellclary,be applled by Boneflclary upon tho IndabKtdnel�a F
<br /> �� any paK thereo�,and�n such order antl amount es Beru/Ic7ery may dotermine;or sald lnsurance proceeds,ot�he ophon ol Benollr,Inry,may on7'%�� i��.
<br /> Go used!n replacing or�estaing the Trust Property paNalty o�iotally destroyed to a conditlon saBsfactory to Bene�iclary:or sald Insuranco ;,
<br /> " � proceeds,or sny porNvn thereol. mey be released to Austor.Unless Baneflclary and Tiusto�othenvlse agree/n wriNng,any such o��pllcat/on d y�--
<br /> lnsurance procoeds shall not ext9nd o�postpone the dua date oi fhe Noto,or any Installments called lor thereln,or chanpo tho amount o1 suc�: a�:-
<br /> „ Instellments.d tho Trust Propnrty Is acqulred by 8enelwlary pursuant ro the exerclse of the power of sale o�other loroclosuro,all rlght tit/o ent� __
<br /> -� ���A.nar n1 Trustorin and to&ny insurance proceeds peyable as a resulc of damage ro the Tiust Property p�ior to the sale a scqulsltlon shall pt:s5 to oT.--
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<br /> ' Bonol(clary and shall be epplied 11rst ro the costs and expenses,mGUdmg atrorney iaaa ln�u��o��������o�::"y���.•r���-•°-��
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<br /> •� qndln the order prov�dvd herein. -_
<br /> a Proservatlon and M8lntenance o1 T�ust Properry.Trusla will keep the builUings and other Improvements now or hereatfor aroctod on the hust =_
<br /> Propo►ty In good repalr and condltlon and w1J/not commit o�permit waste,wlll not alter fhe doslpn or structwel chnrncter Consltluting any b�rlc�ir�g _
<br /> ' now or harenfter erected on and conslliuting the Tilisl Proeprty w'�fn���n^ot aban/d nnthe Trust Pi perty.c*rusrorjwllln�romow any fnxturesr�r,h _,
<br /> ' would unduly lmpalr or deprecla'a the value of Ihe 7iu�t Property __-
<br /> �h. ConsNtutlng the IYust Pioparry unless fhe aeme are lmmedlarefy replaced wlth Ilke property sub(ect to the 1len ttnd seCUrJry lnton�st ol thls Dord 0/ _
<br />- <�:.,•.,. . Tiu9f und o.`at least equel value and utlJlty.riusror wl4compfy wlth&ll present and future ordlnances,regulatfons and requlromants d erry _
<br /> s y . , govornmenta!body whlch are appllcable fo fhe 7rust Property and to the�ccupancy and use thereof.If thls Deed ol Yrust!s on a un/l In a �
<br />� , conduminium or a planned unif development, Tiustorshellperlorm ell o!Trustor's o6lfgatlons under the declaretlons or CovBnanl9 creatlrtg o+ �
<br /> governlnp tho condominlum a the plenned unit development,the bylaws and reyu/aHons o!the condominium or plannnd uMt dovolopmortt,;snd tho _�
<br /> .� consNtunnt ddcuments. ' _
<br />��L^: �� ' A InspeCtlon.8vneliclary or lts agenta may,at all reasoneble tlmes,enter upon the Tiust Property lor the pwposo ol InspacHon.Banoficlnry shPlf have _
<br /> �w-�=. no dury to make&uch/nspeclfon and shr�llnot 6e Uable to Tiustor or ro any person!n possosslon If It mekes or fails fo mnko any suCh inspad�bn. _
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<br /> ' iQ FrotocNon of Socurlry. !I Truator/alls to pedorrn any ol rhe covenants and agreements contelned!n thls Deod ol Tiust,or i!n►ry actlnn or proccedln8 _
<br /> ;:N�._'�� la commoncnd whkh does or may adversey aNact the Tiust Property o�the Interest of Tiustor or Bencliclary thereln or tho tlUo o�Tiusror the�i0. _
<br /> _ _ .tia�apnaaN.ery,ot!fs optlon,mdy pedorm such covenants and agreements,make such appoarnnces,dalend agulnst and Im�ostlparo suCh actlon �_
<br />- � '� � 1, ;� or proceoding end take such other acNon as 6ene1/ciery deems necesssry to protect Ito Interea!ir�u�u«�y,Luf��_,t�1•����ru��.�.=�.,;.=ar„ant••' u=
<br />`'=Vf reeaonabb etturney fees and entry upon the 7rust Propsrty to make repalrs.Arry amounts dlsbursed by Benellclary purouont to fhla pereg�e,afi 1Q o,
<br /> :��� with Irtterest the�oon,sha!!const/tute Indebtedness d bustor secured by thls Deed of Trust.Unless Tiustor ttnd Beneficnry ctgroo to ofhor Mrms ol ^
<br />�"'--�;.�••_ peymenf,such amounts shall be payable upon notice Irom Benefic/ary ro Tiustor requesting payment thereoi,and sholf bonr mrorost Wm t�w dete _i_
<br />-=•f .�r:r' ol dlsbursomont at fhe delault rafo,it any,set fath in ihe Note, or otherwise at the hlghest rete pa�mitced by law.Nothing contalnod In fhfs psr�igrnph
<br />-- � �Nell roqulro BoneOclary ro Incur any expense or take any act/on hereundec Trusror lrrovocably authorizes and empowors BonoGclary to onAtr upon
<br /> = •��--i` fho Auaf PN(�ortY a8 1"iustors egent end,m 7iusto�'S name or othenvlse to peAorm arry end all covenants end agreements to bo porformeN b�� __
<br /> ° �;1�;°.��''+' Dustor as hnroln provlded.Bene/lclary shall, aUts oplb»,be su6rogated to erty encumbrance,lien,clalm ur domand ond ro ali nghta artd shcurltlus
<br />�',,�,:t� for fho pnymont thorool putd or d/scharged by 8enefklary unye�the provlslons hemof and arry such subrogatlon rlghts shep bo additlonnl�:r,G _
<br /> �"'•"" " cumufotivo soCdrtty for fhls Deed o►7rust "
<br /> T+_ -��' '^ ,t� �f. ;;ondorrnnUon.lno procoods oJ ary awr�N or clalm fa damages,dlrect or consequenHal,fn connectlon with arry condmm�ntlon a othor takitt��al tho II_
<br /> � '!, Ai:st Properly,nr vny pert�hereol,o�►or conveyence M 1leu ot or in anticipadon ol condemnatlon,aro hereby esslgned to and shnll be puid ro =;r
<br />- '�• _'�,��� Bunoficlnry. Dustur wll!!!lo an d p�secu te,fn g o o d 1 a 1 1 h a n d r.l t h d u e dill gence,its clalm!or a�ry such eward or paymont,and will causo tho ssmo to bo
<br /> , ,�, co:latod nnd pnld fo Bano.+rc�ary, ond,should itla!/to do so,Tiustor lrrovocab y authodzes and empowers 8eneliclery,in tho nama o/Tiustor ru C;-
<br /> � �thc,w�sa fo hb,prosocuto,soKlg or campromise arrysuch clalm and to collect recefpt lor and rotaln tho proceeds.1f tho Tiusr Proporry rs oc�.andoncd E_':
<br />- j� � . �y r�vstot a, o�ta��otlCO by Bone�iClary to Trusfor that fhe condemnor oNers to mnke an award or settle a clttim for dnmagos, Tiustor lans to n�spontl ro __
<br />_ ;i� Uonel�c�ary wifhln tnlrty(30)dsys afrer the date such noHce ls malled,Bnnelfclary Is authorized ro collect and appy tho procoods rn tho menr.r,r -
<br />' '.y, intl�caWd Aoroin. Fho procovds of any awaN or claim may,alter deducting all reasonvble costs and expenses.jncluding attomoy�oos,wh(ch mry hwo
<br /> ,;1' . honn u�cu��od by OnnolrClory m the collacfion thereol,et the so/e discretlon ot Denaliclary.be refeased ro Tiusro�appl�od to restornhon o1 Trust Proporty. _
<br /> � cr appl,+�d fo fhn pdymont ol Ihv Indebtedness.Unless Beneflclary and 1lustor otherwise egree in wrdmg,a�ry such app!lCahon W proceods to _
<br /> ;, Indo�tcrinos�shnll nat oxtond or posrpone the due dele o!the Noto or the payment of nrry installments celled tor theroundor.
<br /> .i�{ 12 llustw N��t Ho:onsad. Exlonsbn ot tho[!me for paymenf o�modfliCaHon o/any amortlzation of the Indebtedness granted by Bonahclary to eny
<br /> succnvso�in airorosf o/huslor shan not operate to r�e!ease,ln arry manne�the!lnbiliry ol Tiusror and Trusror's successors in mtorost Bonaliciary shall
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<br /> npf ho ruqui+oU ro cormm�nco pmCOedings sgainst such successor or refuse to extend time!or payment or otherw�se mod�ty omort�zahan of tt�r
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<br />=--.-_"--_ - � /nUutrlUUnoss bY�nasai of any damand made b/Trusior and Trusror's successors n.,rteres. ;
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<br /> � �:1 I innnc�nllnlaninGOn UPon mquosl ol BonefrClary, Trustor wNl p�ovt6e ro tienenciary,wi[nin ninaiy�yv�uQys�,�..o..,��a.....�-....---.,__._. -_- ._
<br /> I>usrnc rho r.onsulrclatod ho�anco shoot ond stefemenl of eamings ul Tiustor antl any and a!1 guaranrors ot the Indobtednoss secured horob�.d uny,
<br /> nnd�vd�P���viUO ana dnhvor lo���ol�ciary such other linencial information antl in such manner es Boneliciary mny reosonnDry iQquost Irom nma ro
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<br /> ���� t4 1 innnr.�.11 L:OVCit11/119 in nddmon ro any olhpr linancial covenantS o/Tiustor maUe In any ofhe�agreement,�nstrumnnf or dor.umonL lrusror shn��
<br /> '' rompty w�th nnd shoN crwsn r.ny nnd all guarontors ul the InGebtedness secu�od hereby ro comply with,or be m complionr.o w�th.�ho�ollainng
<br /> nnn��r.�ai r�rv�7nnrnn I Ih�s p�unprnph shallnof�pplyJCOVenants and�equliemanfs are nof set lorth ho�e�n)
<br /> ' )�� !{�hqNu;n nl 1 an'.u.^. W�u����wn(io)days afror demand. Lusror sha!!lurnlsh to 6eneticiary a sc��odule,coml�od ro by rrusror,setbng lorth nu rcrases
<br /> uI 1ho 6u�l l4npr.rf y nr uny po�hon Inoroof, �nClud/ng in each case, �he name oi the(enants or occupents.e descnphon of�hc spnco occuP'�•'n bi'
<br /> � ;u�.h tunnnf nr nc�uP����� fho r�ntN payeb�o lor such space,antl such other inlormat�on and doeuments wrth�o3,00cr to such rausas and tun=nties
<br /> ' � ns Hrtn��lrrar.ry mrry nmsonnbly ru��uost
<br /> �p l;ovniumta ul b�r:lu��vdh lfospuc�to f_onsos-Wdhoul the prior w�itten consent ol Beneficiary. Tiustor sheil nuf,duocf/y or�nduoctty.wrth�asp�ct ro
<br /> � �i„y��������,��;p��,,��m fhu I�usf Moparfy.o��rry porlMn thereol,whelher Such Iease is now a hereafter�n oxistvnco
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