|
.,.. .
<br /> ,i ,;,� .. ;,.,,a;:.-�=�__�-
<br /> 'i=,�.:���`v`�w�r;�
<br /> , ,':l�'t,1^3Y.y�=..'`.r.o,��.
<br /> t1 �ra:_ - .. - , l_1:_ �:.
<br /> . .. . ,,.n.�.J1:.. .. . ...i.%'� r- .. _.. .:..o�......���.�.�...��.n .
<br />.� . .aar,a-e'±�.+en�,+—.+.ww...,..�.nw.»�..wn.�..n.:✓.!ula:✓u.�irnS.....a:....,.� �r � . .. ...i. .
<br /> 1� f
<br />� .-N,=::.�� g�_iU4�S;� �' . �
<br /> �"^ ��•�� � �Qelnat futun monthy Mttsllrtwnta d FuiMi.H tM�mounf d fh�Funda Mld by H�nMldary e�a�l not bw auHkant m p+y t�xee,A!!tl9lRldlltN~
<br /> " , �► inaw�ncs pnmium�anA p�nuntl ron1�as Moyr h11 due, flu�ror eh�tl p�y to 6onnticlnry any amnunt nocessAry io make up tno dMkiency wttnln rhlrty �,
<br /> �, deys Irom Ilw Uaro rrotice is mai�ed Dy Oenet�clary ro livaro�raques►inp prryaianr therouf.Upon pr!ymnnt in lull of eU rndebrednass,Bonet�crery en�! �,..
<br /> prompty refund ro Tiusror e�ry Funde h�fU Dy BlnMkliry.ll�M iluAt�'ropa�ty Is aold unUd��thR powei ol iel�or the ilust Propurty i�othe�wis� �_
<br /> 1 �cpulnd 6y H�nalkl�ry,BenNlcl�ry eh�ll NpAfy Imrr►�oY�t1�y prlw to tlie sslo d tha fiu�t F►cy)orty or itv acyuls�don by 9xnel7Ciory,any FunAs hHd �.
<br /> "�` 3 by Bw�Nlcl�ry�t tM tlm�ol�pllcatbn aa a cndlf YQsNnt Ms InaMxNrM�a.r.ll f�nolkiwry�rncut�a�wntMn wnlvs�ol nuata'y cbliQntlona untlsi
<br /> . � f �hla pareqreph�. fruator ctnwi+utf�rnd agrses ro paya Wh�+�a fh�a�rtr�A1Cwrw dnNrrq�»nt.�II tauea��aees�rmrM�,�naw�ncs pnmlum�.Qrouncl
<br /> •���� rtn�x and dl cthsr ch�a wMtsontlr NvlrKi u/TOn a ast�s�d./N�cod or marN i���rtat tn�huat Prop�tty. �IVStor furtn�►�prsn, upan wrlfMn
<br /> nquest by Br.nN+ciery,ro promptly dellwr ro Bon.flc��ry�N ncNiNa br rn�p�ymonr d eucn cn•►,?.�.nuaro�tiwwvi��yn.�ro n�v•x rs,rsi.
<br /> ,� , a35ossmcnl4 nn�!O�hPr chHr�ae levbd upon o�eaaeasad,pfACed or marW aQub�:tL Of m09JUrod by,Ihls Drrod 0l 11u9t o�fh0 roCCtd�tb+1 IM/fd. -
<br /> „ � 5,AppYCaUon ol P►�ym�nfa All p�yrrwnta na�wd by BanNkiary rs ro�ny dobr,IlqWl�ty or oDl�patlnn avsti ro B�ns/iclary Dy Ih�sf�r m�y bs appMed 0Y _
<br /> -,,.�, Bwrofklwry ro th�psyn»nt ol�Ae lntbW�dnasa or tn any auch other dsbt,NaaNry or obUgeHon,!n eny orMr a mnnner ol alt��NCa1bn whkh
<br /> � BonedclAryt In Ite��aolute disCretlon,�teamn opproRnAte�Unbss othlrwlse eNrcted by Benef�Ciary.eny such plymMf sAafl bo tNemed spplwd first
<br /> � � - ro Me paymont o!orty WfN,f1a41lIry Or obA(Jntlan olhqr fAa�e fM Nots.
<br /> �,,...__.,� R Charges;Lkns. Tnrstor w111 RaeP tha Ihrnt Pro�lQrry�Iroe Irom ep fNn�end encumbrenr.es whkh ln any way mi)t in the JutlprtHnf a BensliClery,h6rv�
<br /> prlqriry ovet or impa/r Me seCinitN ol,tlrin Deed cl Tluat trut AusMr ne�d nof dischsrge ary such Tien so bng as Ausror shall aQ�ee, rn wntlnQ,ro
<br /> � pny fhe obllgatlwi secured by sur,h Ilon!n a mnnnnr accept�Dle ro denefiClery and s�ell in go�laith contest such iren by approprrNM�eyal -
<br /> pmcesd/ng�oHnctive to prevenf tirn enMrcamont ol the tlen attd tne bsa ol any inMrsst m or parf ol the Aust Properry.
<br /> 7.Hnzard frtsurartr.e.Trusror shnll koep th9 CulldlnQn end othe�(mprovsments now exlsting or heroaher ereaed on the Tiust Property lnsurod by
<br />: a insurence car►lars aatlafnctnry to FjunnHclory aQninnt was by hre,hatarcVe Inc/uded in the cerm'gxtended cover9Qf�"and such other haaArds.
<br /> ' � casuaftles and contln()AnCilla am m�y Co mq�dtnd CY&meticiary,!n auch amounfs end for such perlods as mey tro requ�red by 8ertefiC�u1! The _
<br /> . . ` poNcy ol lnaurenc�ahaN be in kxm�acslNntrk to BunMklary,prnvi[N tMt tM aame msy not be cancalkd o�modifbd without 6lNen(15)dRya prlo+
<br />;_����`• ' wriffer►nofka to B�rtMicfnryt anr!ahnll heve lea�piyubk provlslons In lwtir d u�d In lbrm iccepbbN M BenMklaryc All promlum�on 1nsW�nn
<br /> =��'y . poAclsa sh�U ba pUd In the mannex provkbd unWr parapraph�hsnof a,N nat pald in such manns+,by Tivaror mak,hg Peym�M�t N+at/iM�wi(s51
<br /> �'g*�,, days prlo►ro ths due dN►,dlnctfy ro ths kraurencs carriei B�rMlkluy anell havs N�s rlphf to hdd fM po�c�es md rmew�b NMnoI and llusla slsM
<br />::�;�.;����a prnmptry lumish ro Ben�rciary ei!ronewrl rrofice9 ond oU pald/xamlum raca�ts rocch�d by it.!n no e+�ent ahe4 Beneltcl�ry or riust+�D�Mld _
<br />-�_~�?i��,;�- r�sportslbN for failure ro pay Insuronca pramfuma a!br eny bss w demaQa erl�iny out d a deMet In a.ry pokY or eds(nfl out of ury hllun d�ry
<br /> �==��;;>_ lnaurance company(o pay lor enY bss a damaps insurW ayainat a Nx feNuro by husror to NNct Me lnwr�na roquNad M+�undN�n tM w�nt d
<br />�-...�•:' .
<br /> bss,7fuator shall plvo prompt notke by malf ro fhe lnsu�ence canVer end BaneliGary.Beneticlary may mekd proof d bss il not mM�promJN a�n
<br />==�►��'+ p�opa Ibrm by Iiusfor.AR polkles d Msurance and ary end ell refunds of uneamed pnmiums are AereLy asslgnad ro Heneficlary aa+ddrtk�ny
<br /> -...,�.-�n,.,
<br /> -_-,,,,y�. secudry Ibr ths payment ol the IndeDtsdrasa In tM�vent ol&►nc+licNry s e�fse o!tM paw►d aN�conakiecl h�nN►,a(n the wr�nt
<br /> 'i"�l'�,� lorecbsura eU Nght,dtb and Interest of Trusror!n end ro arry Ins��ance polky then!n force shell pass to the puroheser at tte trusteea aak w
<br />- - 1 Aovecbsum sale.In case d a los�the lnsun�nce procseds may,a�tM optlon of BenNiclary,be applied by BoreeficluY upon tho fn�ssx w
<br />�'��''��" any paR thareol.and hi such order end amount as BenMklery may determine;or saW lnsurance proceeds, ar ths oprlon o�B�nMrct��ri m+Y sitlisi
<br /> .1`��'.a.�� be used!n replacing a�esto►�ny the Ausr Propeny pert�alry a rotaly destroy�d ta a canditwn satisfactory to Benelk�ary:o�sald i^su��►c�
<br /> .._�D�?Ap� prp�a�ds,or erry pnrtlon thsrod,n,sy be rekased ro 1Fusro►.Unfess BenoNclary and 7iasror uherwlse ayroe In writlny,any such epplicatlon d
<br /> _-��� lnsmartce Wixseds shall not exrend or poscpone the dus daro d Me Nda or uy Installmsnts cafkd for thenh,w chanpe tho amouM d such
<br />__..�Vr InstoNmenta N tM Trust Properry!s acqulreU by Bsn�fk(ary/wrsuant M the sxsrG(se d the power d saM or ofher Mmcbsu%all dphf,fitk�M
<br /> - lnteroa�d TFusror In and tv ary lnsuronce procesds paya�ls ee a resuR d dsmage ro the Tiust Property prlor ro the sale a acqulsltlon ahall put to
<br /> -�---����� r�..r, o rnn_�merl rn cnlMrJina sueh nroC�iedS then In fho 01AMMf
<br /> et�neiiciary and anai!oe ej�ii'w'fir5i iv Y'�6wY a.^,.�S�:ss:,;.^... •rC��^°'/�°°-
<br /> -n and In the order provlded hereln.
<br /> �a 8.Prnserve8on and Mafr�enanco N Trust Property.liusta w(ll heep tM bulldinpa and oMer irr�pro�c+ments now a hereafter erected on the 7Fust
<br /> _-�-Y= Rropwty In good repalra�rd cortditlon and wlll not commlt or permlt waste,wlll not afMr Mns deslgn or structural characKv constituting any binldiny
<br /> -- - naw or heroa/ter erocted en and constltuGng the bust Proe,�+fy wlthout the p►k►w�itten consonT d Benefictary,will not do any act a MFn9 whkh
<br /> :� wnukl unduly Impalr or deproclate fhe value N Me Bust Pro!�e►ry and wlll not abandon the 7tust Properry.7tustw wi11 not re�mas any Bxturos
<br /> — eonatltutlng dre i)uat Proparry unless the same are Imrned/etely replaced w!M bke properry subject ro t1w n�ax+and securify lnlerast d Mis Osed o/
<br /> �,.,,�� 7ivat artd o/eP l�aut equol velue and ut/Mty. riusror wlll compry wlth all present end luturo orrNnar►cs�,requSatbns end raqW�ements d any
<br /> QoYwnmenfa/DAdy whkh ere epplkeble to!he Tiust Properry end ro the occupancy end use thered.fl fhis Oead 01 Tlust!s on a unit kr e
<br /> —= cwxiornlnlum or a�lUnned anif dawbpment, Tiustor sha!1 podorm ell d Tiusror's obllgatbns undur the declmetions or cove»ant�croaBng or
<br /> � Qq�rnlnp fhe Cqndnminl�m a the pfenned un(t devrlopment,the bylews end rayuMtlans o1 the condominlLm or plartnecl unit aYMelo/xnsnt and the
<br /> - consMtwnt dacumenta
<br /> A lnspecUon•SeneNc(ury a lta epenta may,at all reasoneble Gmea,entor upon the Trost P►operty�o►tha purpose d InspecNun.B�ne/icN�y shaN Aatie
<br /> no duty ro mttNe sucA MspecNon and shell not bs Ilable ro flustor a to eny person ln possessbn!I 1t makes a talla to make any such lnspsctim•
<br /> 10.ProNCNon o/S�cuNty.tl7luamr Ialb ro perform any d the cwenanta end eyreements contalned!n thls DQSd d hust,or ll a►y acNon a procerdirsg
<br /> !t Commencsd whkh does m mey adw9rsely aHncl tho Tiust Property a tha Inferest ol TiustOi'or Benelklery fhere�n or fhe titM d 7iusla theroA�
<br /> HNn,BMqklary,at fts oRtion,may peHOrm sach caronants and agreements,make such appearAnCes.de�eed ag�Inst and fm+esN�ets such ecfbn
<br /> or proceedlnp end teke sucA other actlon as Ber►elfclary desms necessary ro protect Rs lnle�ast Inc;uding,but not limlMd to.disbu�msnt d
<br /> reaaa►abN attanay ff�a end enfry upon the liust Property ro make rupNrs.Ary amounts dlsbursed by BeneNClary pu►sut�nl7o thfs pereg►qph 1�
<br /> wNh!rrl�ne�t tl�sroon,�heN constltuls Indebtednssa d Trustor aacurod by Mfs l3eed d riust UM�sa 11usMr Amf�ic�Y aDroe to af►�s►��°�
<br /> �-� paymsr►t,such amounta shsll ba peyahle upon noHce!rom Benel/clary to Truato►requesHng ptyment tnered,arnd ehall bea►InNrest from tlw d�t�
<br /> ° d dlsburselmx�t+�t the defaufl rato,H anyt aet Aorth Irt the fVOte,or ofherwlse at tM hlyhest rate permitled L'y Ww. Nothing contrlrkd!n thls parpraph
<br /> sha�l roqufro Ba�Nlclary[o incur any expsnae or reke any acNon hero�nde�lFustor Irro�roc+ibly authorizes and ernpower�9aro�iclary to ertler upon
<br /> ttw iivat Pro�perry as 1}uators eysnt end,In Tiusta's name a otherwlse ro perlortn eny and all carenants end eynements ro be psAam�d bY
<br /> Tivator aa herein pro�vlded.BenMklary shelf,af!ta opHOn,be subropeted M ary encumbranca!lsn,clelm or dernand�nd ro aN rlyhta�nd securitki
<br /> /or fhe payment th�+n►o!patd or dlschrrged by BenMklery unde►the provlslon�hereof and eny such suMo�galbn rigMa dhall be�dditlonal and
<br /> cumW�rnd�ecunry ra rh/s Dned d 7ivar.
<br /> 11. CondsmneHon. The pmcaeda d eny ewerd a clalm fa damape�dlroct a consequenNal,in connectbn with ery condemnaHOn a�fhe►fakM�g d the
<br /> 7fuu Properry,a ary pnr thered,a for cornroyerxe M fleu d a Nr anHcyietkxi d co+tdemnAtion,are heref�y asslgneal Oo end shall be pald ro
<br /> BenMkluy. liuslor wpfile end prosecute,!n good fehh end wlth due diiger�ce,its clatm ibr any such awerd apeyment and w1M cause Nre same to be
<br /> coMctod end pald to Benelklary,and,slauld!t MI►to do sa liushx IrreHOCably eufhorlms 6ntl ompowers 8ene(iClary;!n the nama o/Busta w
<br /> --- = ofM+wlset ro fiJe�prvsecutv,sott/e a compromise any such cleim and ro collect,recefpt lor and retaln Hte pracoeds.B the 11us►Prope►N Is abandoned
<br /> ----- by firstor,or,aftor rtoNce by 8er►c+fkl+iry ro�h:slor that the condemnor offers ro malre an eweM a sertle a ck+im fnr damagss, Trustor tai7s ro�espond ro
<br /> ___- — BgneliCievy wltltln tltliry(30)deys elter tlte dere such notice IS maUed,Benollclary Is authorizod to Collect and apply the proceeds fn the manner
<br /> �w= lndic�tod hereln.The proceeda ol arry ewarti or Gelm mey;after deducBng all reasonable costs and oxpensvS h�clud�ng attorney foes.whkh may h�e _
<br /> _ _- -;:LL�� been lrtcurred by BeneNcitrry In tho coiMttlon thereof,at Me sole dtscretlon d Beneflc(aqc bo re�eased ta fi�sta.epp�ied ro resroretbn d Trust Prop�:
<br /> ��l-_`_:�:� or eppNed ro the payrtrent ol Ne H�deWedneas.Unbss Bsrreficlery and Trustor othenvise sgree m writing.ury auch epplicatlai of proceeds to
<br /> /nd�bMdness sh1l1 naf extend or posqrior►e the due date d the No[o a the payment d ery Mstatlments caNed Mr IMre�mde►.
<br /> _.-;5^;��`t� 12. Contaminents. fluaror wamartls and ropresertta that rhere are not now,na,to tho Dest d Tiusror's knowbdge etter reasonabls lm�est19at1orr.�n�s
<br /> `'����'• there ew►been ond,wRhout the Tlustor obtalning Bonef�larys consent end a1!roqulsite permf[a ertd approve►s.thern w111 not 1n the lutura G
<br /> - ,, i.. •."
<br /> =;;::,� Gbntaminenta srorod,hendleJ,o►dlsposed o/on the Trust Properry whlCh woufd raquire elemtuR romovel or othor remedlal�ctbn under arry
<br />-_.,;_��c� em/ronmentel laws. Cantuminurun shall meen mateNal�,substunces end compounds pronlWtam a n+gulated undor any ervi+armevfM��aws.Uustor
<br /> �.Y.ca.a..c...ww,....�,.....uw. ..i..r.rl ln�anurinatl� lnnuW c!a!m nr f��lltlfS W tl:1l OOV@!!Il►!BlIfalBf/IAOf�.L'/Of O�IkI�1s11Y
<br /> r?:�:;F�: ::.�:..�T'"o.�,......�................^...�._.........a,�._.�.�.,....--••o---..-.�_.,. . w1tfCAwOUId lllque/�BCfeenup,remOVel U�OfhB//@medll
<br /> ,, agnlnst fhe Tiustor rege�ding eny errvlronmental laws,(Iq Contaminarrts on the T�ust Property
<br /> +';n�'1�'�" ectMn under erry errvlronmentel laws.Upon the Benel�clary's requesc. Tlustor wlll perrodicalty provlde onvfrrMme►ntal assessments or compl/anCe -
<br /> ',S��"�+;:-;�_". :�;''• audit3:and ngroes lo permlt errvlrortmentaf lnspectlons end tesPing of the 1Tust Property by the Benepciary a�f�egents,et the irusror's oxoensc3.
<br /> '�•'+`• Y`�'}"-. /f the Yiutt P�operty f1 used for resldentia!purposos,the preceding ahall not eppry ro the prttsenCe,use,or storage on the Tiusf Properh/ol sma/!
<br /> • ,`�L�:�11
<br /> querttitlo�o/Corttaminents fhnt are generefy reCOpnlzed ro be+tpproprlate ro normal resldgntisl uses and to maintennnCe of the Tiust Prpperry
<br /> •�"'�! 13. Tiusror Not Raleased.Ex!ensbn of the(!me lor ptryment or modilicetbn of any amort�retlon o/Me Indebtedness grented by Bnnefiaary to any _
<br /> . ,..,...
<br /> � •;, • successor!n lnMrest W ltustor shell not operete to reloase.In any manner,tho fiabllrry of Tiustor antl Tiusta�9 succossor3!n mterosL Bene/kiary-
<br /> - " .;;,;',. shell nof be naqulred ro commence pmceedings sgalnat such succossor or reluso ro extgnd flme kr prrymenl or othorwlse moddy amoR/zatq�ol _
<br /> - , � � fhd Indebtedneas by reason o1 eny demand made by nusror ond husror's successors(n(nterest. _
<br /> ' �"'�' 1�. F(nanclal Inlormat/on.Upon request of Beneticlary, flustnr wdl provldo to BenBflciary,wrthm mnery(90)days o�tho close ol aacn hscal yoar N
<br /> ._.:a. :i�..�'
<br /> Tru9tor,the consolldetud balance sheet end statemant ol eernfngs of llustor end eny end all guarenfo�s o1 fhe IndeDtednoss SeCUred hernby.�f c3ny.
<br /> =:�''�3:'..��-,'•.":;;" and wlll provfdo end de�ivor ro Benoficlary such othor�inanclal(nfo�mation artd in such manner es Benef�crery may roasonably requost�rom hme ro tirta -
<br /> :�s�e�4� _
<br /> ��:•�..,.,,•...
<br />
|