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<br /> 2 r�ynr�nf o/Mid�blM�NU. Tiusta►aha/f p►ompfly p�y ar c�uae ro bu pald when due ths Ohllyeflans end all o►hai lndebtedne�s.«7he•-
<br /> Tiva►nr ahill alao promptfy�nd lIlfhlully ob�erve alf ol!fa oblly�t/ons under eny othei dnod o/►n�s►enr.umbering nll or pe►►ol rhe Tru�t
<br /> ��operry and,�/�an��cab/e,�ny romlaso�y nofe,pw�snfy,or o►her f�rm of connactua!lndebtedneas secured by such ofher deed oI m�sl,
<br /> whaUiar junior or senlar fo Ihe Pen ol rnls Ueed oJ rrus►,and eny other o6llpatlons decured by a lien on the in�sr Prope�ty, wherher nnsinp
<br /> consensunlly or Ay npe��Non ol l�w.
<br /> J. CanalrucHon ol Mrprowm�nfi. Trusfor sha/I compfe�e in pood ond woikrnandke manner any buildings,improvemonts oi iepnirs rr,lafing
<br /> fhereto which may be bapun on�hA�ru9f Piopaity or cante�npl�fed by ths Obllg�flons securad hereby, to pay when due aa costs and
<br /> !l�GNlNes/ncurred thaelo�,�nd nof�o pern�Jf�ny consUucflon liRn�palnaf such Trust PropNty. !n►he evenl cons►rucllo��o/buildinys,
<br /> �lmprovementa nr repe/i��re canfe�npf�ted, T�usfor�Iso apree�,snyth/npin thl�Deed ol 7iu9t to the contrary notwifhsfanding;(aJ�a
<br /> f ,prompfly comm�nca eny such wark and fo comple�s tho proposed improvements prornptly,lbl.fu comp/ate►he same in accordance wiU� fha
<br /> i• plens end aptcll/e�t/ons as•ppioved 6y B�ndicl«iy, fcl ta comply w/rh ell rhe rerms of a buUdmp la�n eyreement, !/eny,be►ween Trus�ai
<br /> end Benelic/sry, the terms ol whfch us Incoi�orated he�an by►elerance and meder a pan heieo% !d/to ellow 9enelic/ary to lnspect tha Trust
<br /> � Prnpr.rry et ell times durin9 cons►ruc►lon,end!el ro rapl�c�eny wo�k p�meleiiels unsatlslactory to Benelrciarv w�tAin Iilteon I1 bl de ys eRer �
<br /> � w�ltten no�ice liom Bsne%clary ol such/�c�.
<br /> 4. funda/or PoymMf ol CAr s.Il requesfed af an y tlma or Irom tlme�o tlme b y ths 6enelic/srY, 7rus�or sl�al/pey to 8eneliciary an the
<br /> lirsf day ol sach month, ai suC�ofhei date each month as mry be apecilied by Benel;cisry,un�il►ha Obligations are pald Jn lull,a sum
<br /> Ihe�einNter fhe 'funds"1 equal fa 1/121h al fhe y�u/y f�xes md assessments which may attain prlorlty over►Ais Oeed o/Trust anrJ giound
<br /> ren�s on the Tiusf Prope�ty,I/any,plus 1/12th p1 the yeerly plemlum inJral/ments/o�hazard insurance,plus 1/12th o/fhe yearly premium
<br /> lnstal/ments lor mortgAye insunnce,il en y,all as reason�bly es►inialed inil/ally and lran lime�o fime by Beneliciary on rho basis o!
<br /> essessments and bills end reasonable esNrr+ates thereol. The funda shall ba held In an insritut/on, ►he deposits or accounrs ol whlch ere
<br /> insured ar guAranfeed by e/edere!or st�te agency/ncludiny Benelitlary. Bene/iCiery sna/l apply the Funds fo pay said taxes,assossmonts,
<br /> insuranCe premiums�nd g�ound�ents.BeneliCinrY shall nof be requlred to pey Tiustor any interest or ea�nings on thR funds.9enelic�ery sha/l
<br /> give�o Trustar, wifAou►chuge,���annua!accounNng ol the Funds showing credits end debits fo the Funds and the prlrposQ/or wlTich each
<br /> debif ro�he funds w�s made. The Funds aie pledyed as add�tlonsl secu�/fy lor fhe Obligatians seCU�ed by this Deed of Trust.If Nie amount
<br /> ol Ihe Funds Ae/d by Beneficlsna�ogether with the lutmo r»onfh/y Insfal/ments ol Funds pa yabfe prior tn the due dates of texes,
<br /> astessmenls,insurance p�emiums and ground rents,sha�l exceed�he amounf required to puy se�d taxes,assessinenrs,insu�inr,e premiums
<br /> and praund rents as they/di due,such excess shall be,et 7ruJfor's opfion,either piontptty ropaid to Trusror o�r,reditr.d to Ausro�againsr
<br /> lutu�e monthly Installments o/Funds.I/fhe�mount of the Funds held by 8eneliclery shall rtot be su/Iicient to pay taxes,essessments,
<br /> insura�ce piemiums and yround ients as the�/aH dw, 7Yustor ahall pa y to BrnNicl�ry any amaunt necessary to make up the deficiency
<br /> within thirty deys/rom Ihe d�ta notice is ma�lev/by 8eneliciary to Trustor requesting payment IAemo1'. Upon paymen►In lu//o/sN
<br /> OMignlions,Benelicl�ry sh�ll piomptfy reiund to T�ustor an y Funds he/d b y Bnneliciery. //the 7rust Pm,o�rty ia sold under the pawer of sa/e
<br /> or the Trusr Pl�operty!s ofAerwise acquired by Beneliciary,Bene/iciiry shall�pply, Immed/itel y prior to the sale ol the Trust Propeiry or its
<br /> acquisition by Bene/iciary,�ny funds held by Benefiaiary at the tline o/app/icstlon��a credif apainst the ObJigaUons. //BeneJicl�ry oxecutes
<br /> a written w�lvsr ol 1'rustoi a oWlgations undei th)s S�ctron, Trustor coven�n�s�nd egrees to Pay,belara ths s�me become drlinquenG a//
<br /> taxes, assessments,Insu�ance premiums, giound renvs,and al!othor cha�ges what°oever fevred upon or assessed,placed or made against
<br /> the Tius►Property. Tiustoi lurther ayiees, upon wrilten reqaest by Benelicisry,to promptly delive�to Benelicrary a11 rtceipts for the p�yment
<br /> ol such charges. Trustor likewise�gme�to pi y a/!tsxes,sssessments and other cheiges evled upon or assesssd,placed oi made aga�nst,
<br /> or rnessured by, thls Deed ol Tius�t or the recordallon hereol.
<br /> 5. ApipA�estlon ol P�ym�nb.All peyments receivad by Benelicis�y es to any debt,U�bility or obfigetion owed to Benqflciary by Tiustor may
<br /> be appjled 6y Bene1ic18ry to the payment oI the Obfigatlons in sny order o�manner ol epplicafion whlch Bene/iciarK ln ifs abse/u�e discretion,
<br /> deems sppropNaie.
<br /> 8. CM�s;Ll�ns. Tiustor will keep the Tiust P�oporty/rea Irom dl liens�nd encumbiences,whethei pNor o�subo�dinafe�o this Deed a/
<br /> Tius�,othar thsn�he lien ol cunent re�f estafe faxes and insbllments ol o//icial assesemen�s with iespect to whlch no penelty/s�yet
<br /> payibl�;p�ovldeJ,howsver,fhat Tiustor need nat discl�srge cwy such J/en so long as Tiustor shall sgree,!n wii�ing,to pay ths oblig�don
<br /> secureA by such lien!n e m�nner acceptabJe ro Benelicliry and shel!in good laith con�es►such lien by ap(�roPriate legsl(��oceedin s ellective
<br /> ro provMt me snforcemen!uJ flrr libr�ui ite/�oo�f'ny i7itSlS+l lA�f j7:.:!Cf!/7°TfL"!QfC�(:y,SR��/:C:f 8!°0$ti'8 SUC.^.f834^l:���G SZCLffI;
<br /> } to Ben�liclary is ma y be demended by Beneliclary to insure compliance►heiewith. 1he Heneliclary may in ita so%discrotion de/end rhe/ien
<br /> 01 this Deed o!Trust snd all costs and�«orneys'lees i.:cuned b y Beneliciary in s�id delense shall be relmbursed by 7iustor or added to the
<br /> 06Iiyallons.
<br /> � 7. /f�z�rol Msunnc�. 7rusfor shall keep the buildings and other improvements now exisring or heieafter erected on Cl?e Tius�Prope�ty
<br /> j lnsu�ed by lnsurance ce�rie�s saNslac�ory to Benefisla�y a�ainst/oss IJN flro,hazards inetuded in t►ee tF�crn 'extended coverage"and 9uch
<br /> "' oMer hszards,casualtles and conUngencies.!ncluCing war damaye n%,v.:�nce,as may Ge iequffad Gy:Eenet;ciary, !n such amounrs anrl la,
<br /> : such pe�lods as ma y be reQulred Ay Beneliciary. 7lsa.pnecy ol inswan;��.,ha/l be in f�rm accepe�7.�;a ta Deneficlary and shal/not contn;rr a
<br /> � de%nse b�sed on cofnsursnce,and sha/I aonra�n anr�a^nr.dA►d provlslun►AA►no dct of C2ir SenoFictaRr��a1 the Beneliclary s epents or
<br /> representi►fves wi//isnder Me polic y vo/s as to K�a�3�ne11clary o�a//ec�the 8enefec<<?..y's�;y?�e t��rer.��a�ln case o/loss,end the polic y or
<br /> policies sha/!provlde thst the same may not be c3.��r��au or modi/!ed w/thout lilteen(3',�l cUys p:ivr wr;trdn nol/ce to Beneliclsry,ind have
<br /> loss payabk provision�in/evor oI�nd in fe�m�co�c+7rrpk to Aeneliclary.Alf pmmlums on insursnCV,�ol;cies sha//be pald!n the manner
<br /> piovld�d und�r tAe S�ction�ntitbd'Fuqd9'or Peym�Mt o1 CArrgsa'hereln or,il not paid Jn auch monno�,by Trustor m�klnp paymsnf a[
<br /> leasr/i/teen/161 days prlor to the dus dar9 d�iectiv to the insurancs csider.Bsneliclary shall have ah:,�i,qht to hold rhe pollc/es and nnewNs
<br /> . thers�J�nd Tivator sh�ll promatly lumish to Be�xfic/ery all renewal noNces and o//pi/d premium i$cm�pts�eceived by!1.ln no svent sh�//
<br /> ; BerMficiii y oi Tiustee be hdd iesponslb/o lor faiNre to Aay lnsu�ence prtmiums or lor sn y/oss or dL•mnye arlsing out ol a ds/ect in sn y
<br /> � policy or sria/ng out of sn y/�i/uro oI any insman�ce a�:mFeny to pa y lor+n y losa oi dim�ye lnsured�gainst or for Nlfure by T�ustor to elfect
<br /> ths Insurance requlred henunWr./n the evenf o1 k�s?+. ��vstorshsll givs prompt notice bym�il to Me insurince csaier and Beneliclary.
<br /> Beneliclary may mako prool o//oss JI nof m�Je pro�i�2'r or!n propa/orm by Tiuslor.All po/icl�s ol lnsu�ance ait11't+ny�nd al/relunds ol
<br /> ; uneamsd premiums are heieb y ssslAned to 8eneliciary as edditlonal securify/or the pa yment ol the OWigations. ln the event o/6eneliciery's
<br /> � exercise ol the power ol sa/e conta�nM heraln,or in rAs event o/loiec%suie,s!!r1yAt tiNe snd inrereSt oI Tiwtor In and ro�ny inaunnce
<br /> policY then in/oice shell piss to�hrp.��n9aser at the trusles:t ssl�n^lo�erlosure sele./n cise o/am;�/ass, the:�aurance prpceecls may, �t
<br /> the option oJ BMOJicisry,be�pplierl 4y 32e^.aRcJ�ry upon[he ObligatJnns,or an y pirt thereof,and in st�sh ordei and amount es Bsn6rY�cie.ry
<br /> ms y defermine;or ssid lnsurance proc.u�mYS.�►fM qwlon of B�neliclo,y,mry eifhei be ustd In iepfa�i,ng or restoriny tha Trust Prope�ty
<br /> partialty or totl!!Y destr���r!to a cunot:en siris/acea,•K Yo Bmelicl�ry;or seid insurynce proceeds,or any ponlon rl�ar�tol,miy be releised ro
<br /> Trustoi.Unhss Bent�'i:�u�y and Trustor othenvise a.�arin wdNny,any such eppIication o►insursnce,Uroceeda she/l not extend or post,00ne
<br /> the due date ot any o�r!�or agreei►:mt evidencing!he OGigations,or any insn-1)ments csl/ed/or tRerCln,or ch�nge the amount o1 such
<br /> insullments.11 the Trost i3ope�ty is scqu/red 6y Bensliclary pursa�nt to the exerclse o/the power�C.�ak or o�Aei loreclosuis,NI r1yAt, Ntfe
<br /> ind intsresf of Tiustor/n and to an;�irsurance proceeds paY�ble�t�rosulf vl d�maye to the TivFC J�ro�rt y p�IOr to�M sel�or rcquisltion
<br /> shall piss to BsneNcl�ry�nd ahsl!fsr rrt:t:�ed Iiist to the costa and expensss,Including attomeys'icns,iicunsd in collectinp such proceeds,
<br /> then in the m�nnei and r'n thrt order��•ded herNn. Notwlthstanating anytAing coatained!n this Section to the contnry,i/this Dasd o/Tius►
<br /> is on�condominlum ar s fown hcuse ortd there is a m�sler fnsurince policyln/o�ce covedng the eommon areas and laci/iN�s and�ll
<br /> condomir.lums ond town housss located in thaf de.NoMnent,then,un/ess othsnvise notilied in writ/ng by the BenelicJary, the Trustor shNl
<br /> have no oblipaUon to mainta/n the insuronce requised he�eunder, �nd will sssign a!l bene/its and praceeds�ecaved theroon to tAe Beneliciery
<br /> �nd,/n fhe Beneliciary's sols discieUon,nsme fhe Beneliciary as th�named rnsured on s�id policY• Whenever such insurancs la!n/orce
<br /> (regard/ess o/whetAer reques(ed by the Ben�/iciary or notl►Ae Tiustor heieGy auMorizes the Berrelicrsry tp cincel such insmance whenever
<br /> the Beneliclary deternrines thet such insurance does not adequstNy protect the 9enelicrary's interest.
<br /> d. prr•ey�ytkn�nd M�inf�nc�o/Troaf Tiusror wi/l keep fhe Ouildinga ind orher imp�ovements now or hemalter erec�ed�n rhe
<br /> Tiusf Pioperty in Rqad rep�ir and condition,or inary deprec/�rion sxcep�ed,and ss+w�l pravide all utility services necessiry Ia the opentiun
<br /> �nd preservstlon of r/M Tiust Pioperty. Tiustor wilf not commit or permif wisfe, wi!!not a/te�the dssign or stnrctmal cAaisctei consfitufing
<br /> �� eny Duildinq nnw arhsrealfe�erectsd on and cons�'(vring tAe Tiust Plropeity wfthaut the prlor wiitten consenf ol8eneficiary,wi%!not do any
<br /> . � ecr n�Ming wMch would undvfy impoii or deprec;�tv Me vafue ol tha Trust Propeity end wi/1 rtot�Wndon the Tiust Property. Tnistor wi/I not
<br /> ie�norh sny fixturs�s constituting the Tiust P�operty unl�ss the s�me a�e immediateJy rsplaced�ritAlike prope�ty subject�o the lien end
<br /> I secunry lnronesr oV rhis Desd ol Trusr and o/at/essr pual vNw a-+d uMi►y. Tiusta will comply wr'rtf sN present and/uture ordininc�s,
<br /> mqu/Bfions m�d nlqulrements o/Mi y governmMtN body whicA ars epplrtade ro the Trvst ProAe�rv a+�d to�he xcupenc y nM usa thereD/1I
<br /> t/iis Ueed ol Tius�is on a unit in e condominium or a planned unit dsvelopment, Tiustor sAaH pevfnm�a!l 01 Trostoi s obligslions under 1he
<br />� declarat/ons or cvvonanrr.cieating or governinr�H��condominium or the p�enned uni�devtlopme+�r,the Dy/a�rs rti�d reguletrans o/fAR
<br /> condominium or plani�ad unit development�nd dro consrituent documents.
<br /> j 9. /nspacUon.Benefic;dry oi its ayen�s msy.ar a!/rtasonable fimes, entei upon tlte Trust P�ropm7y foi the pwpose o/inspec►ion inc/uding,
<br /> buf not limNed to envrronmental tasnnp.Beneliciary shalf/�ave rto duty to make sueh inspecha�r rN�d sAal!nof be/iaWe to Tiusfor oi(o en y
<br />_ person in possession i/it makus or Iads ro meke an y surn rnspecrion.
<br /> = f0. Prot�cfbn ol S�tudty. !I Trostur lai/s fo pe�lorm an�ol the tovennnrs and agnnr!manrs cantarned!n Ihis Deed ol Trusr,or i/any�ctlon
<br /> _ or proceedrng Js commenCed wAicA dves or may�dverse y allec�Me Trust Pro/)ar7y or fhe interesf of T�usror ur 8enelicleiy thereen or fhe
<br />'� title ol Trustor thereto, then Bene�ici�ry,a1 its optlon,mer y peNorm sucA covenynts�nd�greements,mske such eppe��ances, de%nd�giinst
<br /> _ and/or investigate such action or procoeding and take suCh oMe��cffon as BMelticisry deems necessary to p�otecf i►s interest includiny, Out
<br />- nut limi�ed ro,disDursement ol reasonable atrorneys'lees and entry upon the Trnst H'ope�ty ro mike repai�s.Any a�»ounts disDursed or
<br /> incurred by BeneliciarY pwsuant fo fAis Section,includ�'ng,but nor fir»itad to,mison�D/e sttomeys'Iees, wrtA intero�f the�ton,shall
<br />° constitu�e additional Obligetrons securcd Ay this Deed ol Tivaf. Benelicl�ry is Aereby pivm an inevocaMe pows�o/etromey IwArch pow�er is
<br /> cvupled witA an interest lor purposes o/securityl�o enter upon tAe Tiutt Properly ws the Trusto�'s�gent�nd in tM Trusto�'a name to
<br /> - perlo�m any end afl coveninfs�nd agreements�o De perto�med bY tAe Tnrsta�s Asrein provided. Unless 7rusfoi and Ben�liclary apree�o
<br /> o�her�erms o/payment,suCh emounts shsll De payable upon nonce/rom Be�MliCriry fo Trustor requesting pay�»ent fherevl,and sA�ll bear
<br /> mferest/rom Me date o!disbuisement or Me date incurred�t��+e nte set forth in the Note or rhe�ste provided in the most�ecenf oWigahon
<br /> covered Dy fhe Guarcnty,unless payment ol�ntercst ef such rafe would be�onfrary ta e/�pliCaDle lew,in whith event such emounta shs/l
<br /> bear interesf s�the highe�t rate permitted Gy aQplicaLle/sw.NotAing cuntemed in this puog�aph shell reQu�re Benelicriry to rncur any
<br />:' expense a�leke eny setion Aereunder.Bendiaary sAelf,at its option, be subrogated fo any encumbrance. lien.cls�m o�clemind and t�i a��
<br /> ngAts and secunties/o�IAe paYment Mereol piid or d�acAiiptd by Benlliciary unde�the provislau Aereo/and eny suM suMogs�ion nghts
<br /> shal!be eddrtionel and cumula�ive security lor tAis Oeed o/Trus1. Pege 7 uI 5
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