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<br /> !{. CLAIMS AGAINS7 TITIE.Tr�u�W�will p�y b!I t�xrs.Nxscawnenu licn.v,ern:umhrxix:cw. leuc py�t�entn,��ounci rcnt;;,
<br /> udlities, xrK!�Nhrr char�es rel�tity�m thc Pmpeny whCn du�, f3e�Kf�elMry nuy r�yuiro Trustor tv provide to Bencficiary
<br /> capies nf�11�xHic�a that such�a�ou�'�tt�re duG arK1 the rticeipts evldencing'Tmr:tor's�yment.Tnuuor will ckfend title to
<br /> the Pmprny x�ainse ally CI�It11,4 (�� Wl1UI(I �fll(IRIf IIIC IICp OF tlll6 Secudty Instnunent. Trustor agaes to�ssign to
<br /> �CIIO�C��ry,a5�ec�I�CStC(�by&nefici�uy, nny ribhts,clRim�or defecw�s Trustor m�y lu�ve�g�iNt�rti�wt►o auppl�r Wior
<br /> or mpterial�v tu mwint�in or impmve the Prop�ny.
<br /> 9. All�ON SAI.E OR ENCUMBRANC�. &t�eticiary mey,at!ts aption,declare die endcc bHl�nce of tbe Secured Det�t to
<br /> be in�maii�tely due a�d pAytble upon the c�eadon of,or contract for the crextiun of, any lien,rncumM�nce, muufer c►r
<br /> sak of tb�e Pr.v�qerty. This dght is subject to the restdctions imposed by fukr�l l�w(12 C.F.R.S91)� av applicxble.7uus
<br /> or,r�s�aEP �m�ri.th the Property ux!adall remain in etfoct untll tLe Socural D�Ix is p�id in tult Rad this Secu�i�c�r
<br /> I��s�e0ex9r�f, ,
<br /> ii. neurr:yr�°9i�:ut�uri��stv, AL7ERATIONiS A,ND INSP��d'dQ"J. '�eesa�-yrz!: keep the Property i��d�;:�a -
<br /> , �►nd nabe aU repa�� �haa �re raso,ably,rec�r. Tn,�oar �EO ma o�mnc �r ��tow �ny w�r. u�icaaran� or
<br /> demrio�t,icw of tLe�nope�rty.Tcusta wili koep�bc�c�t�kec af nosi�us wcocb�and�rasses. 71nas�or a�oes�t the
<br /> awture of tb�occup�acy and we will nut subst�eaJlHgr cbange wi��iaut Beael�ci�ury's gr�n+x wxnrtaea man�e.aMt.'d'xa�.�writl aot
<br /> pern►it�ay c+b�e in any lecxa9e.r�striquve covea�nt or��••Y�r vephont gqkfnr,;iuy°s primr writ�en aamea�Ttustor wii�
<br /> nodfy &�eeficuuY of�11 daoa�ads. prexxedinSs, claims. �nd aceaans agtia9t Tnoato�r, aa�t a f any loss or dtmwge to�t�e
<br /> Ptoperty.
<br /> Hexficiu�r or Beaeficiaer"_,agp�w�y.at Benoficiary's option�enter tl�e Pra��.�:�:y Rc xny reasouabk time for the�ucpoee
<br />• ef invpectu� the �htc��::a:y��;. Ben�t9ciuy shdl �ive T�ustor zatice u the dr��a nf or befae �a impec6ons� c� a
<br /> xe�eonble �ur��se fmr�):..•iu�c uoa My iacpecdan of die Pcoperty sh�ll t� entirely for BoaePici�y'a beoe�wd
<br /> 'IYustor wi,�.naP a�way.raly on Beneficiuy's iuspecrion.
<br /> � il. AUTHORITY TO FLRinORM. If Tn+stor fiils to pecfomi any dutY or�tnY o�f the caven�ts comi�d in thia Secvricv
<br /> R �nsneac. be�nciuy may, wimout uotite. Pertocm or cause them to bt�rnlF��rmed. Tn�stor appoiaG4�aaeRci�ry�s
<br /> � aaorney in fact to s�an'1'nntor'a mme aE p�Y �nY ad�ount axess+rY far Per�far.,cnFln�.9aneficiuy'e ri�c icb� ,orm for
<br /> Ttuua sLsll not create m obliptian w pak►rm,and Heaeficiuy's hilure eo per:r'aiw►wnd!��t pt�aclude�n ' fram
<br />_''f. e�ce�cisu�wy of Ba�eficiuy's other rig6ts woder tbe l�w or this Security I�truunau.li;a�r�*;¢�omt�ucfiou on th Penpaty
<br /> ;^� is discoatinued or aot curiod►xi iu a rasambk w�wner.Heae6ciuy m�y ttke all sttps y�zc`�nrq W protoct Beaefic�r•s
<br /> ;:;{ securiry interest en tbe Propa�ty.iocludin�campletion of tde coastructic►n. , .
<br /> � 12. ASSIGNMENT'OF 1,EA�.SFS AND REN'fS. Tnistor irrevocablY Pante. o�na�eyS�nd sells b Tn�sta� in t�ut for the
<br /> beaefit of BweSciuy„��additionwl sxurity all the riyht.titla�nd lutenst ia xim�1 W apy ancl�Il exi�in�or fuiute Ie�ea,
<br /> =� subk�9es,�uo��n�ot�',l.v,�ltbea or veti�i �eaneats for the use ru�r!occirp�ncy af�ny �n of the Property idctodiaR
<br /> 0
<br /> , any eutcxisir�n5,�e�ne'�!,xA9,!�dodifltat3nai ot substitutious of such sgteements(�lt Ye�u'I.r�ues')�o�d c+eat�. 3spes
<br /> and proiFi��.•fla`� tletir�tGf's��'�c "lt��r�t�:"�. 'Tn�stor will P�P�Y provide Aen�#'ic'�uy with trne and conxtcc�p�s of�Il
<br />:,� . ; Gx��futur�'I:��e.�..�1'tns�at xnny s•A)loct,rcctive.en�oy ai►ci use tbe Rents ac►1o�aa Trusoor is not in 8efiult wder
<br /> 0
<br /> •,. �t�k te�ma of tbis 5ec�lii�y.T�t:. .
<br /> .��-� `Tn�stor acY�iowled�es dnt thia a�ea��nmrnt I���e��ewtrd upon the r�ewrdiq�.��'�iir;s�'�a'"Stlut �ad t6�t Btneficiary is
<br /> ;..; eruitkd to nodfy u�y of Tcustor s•tGrw�7s ro m�ct pyment of J�C�nts +�lp�:a�z`!u:'h!CO��dlue'�o BeoeSciaq• Howevra
<br />- ,4•.: �e6ciuY aS�'C�mu ody ou tkfwlt wiA Beneficlary mtifp.?�1r.ust�v#�t�1.�ltaiSttv'�1�'�utl�ts aud�1oe demaad t�t•iu'�:�'
<br /> , fuaue ReaL9;ba AAid di�tly to Beae6ciuy,On recavmg not�rti wif•�cle3u�a;'T�scox wiu attiacsa�od ddiva eo BeaeS�iik�C•.
<br /> : snyp ylhLnt lit��t4Ut3 lJl TIUJtOt'9�IOQxS3�01t a0d Will i'GCCIVC it1�1�'l�d411T3 YIlL4t EOi BCDCCICjity �I WIU IIOt
<br /> • the Renta wlth"Any ottier?itnds. My�mounts col�ectod will be�p]�ati at piovidod in t6is Saw-iry I.T�na�or•
<br />' wur�atc t6at.no.default e:cists under tbe I.eaes or a�r appliraMe�7:i�lord/tennt law.Tnuwr�l+o unea w maiap�i�►u�l' �� ;`.
<br /> t ti : require any tenant to camply with the terms of the i.ea9es And a p;p9ica h k uw. , .
<br /> ` 13. I.EA.SEEC(�IT.DSf CON�(�@INMS; PiANNED U1vIT D�'�'1tT�PM.�1'S. Tn►4tot agroes 10 �oqq�ly,with die
<br />:�':� provisioas of�ny kase if this Securit}r I�ent is on a lcaselwt�5.�df dx�ru,�,7sy inoludes a unit iva caa�ioomniomn a a
<br />� ', p4wo�d wsit developnecnt, 7'n�stor wrll pedorm�11 crf Tiustor's duries��.�.�he�cuven�ats,byuws,or�ul�tians of tbe
<br /> �;,;,; eondo�iniwn Ot pl�onal unit development. .
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<br /> { 14. D�N'Ai1L�'.1Yvstor wlll be in default if su►y party obllgated on t6e Secuced Ckt�t�fiils wan�t�uPke�ayment whea due.'I`�wtor
<br /> . will bt in defuilt if a breich occvrs utxler tt�tenns of this Securiry I�or aay c�chrz documevt exoeuotd for the
<br /> pu�pt�se of creatiit��securing or guarxntying the Secuced Debt. A goal fiut�{bk:'i�af�r dkme5ciuy th�t &aefiritry st�ny . .
<br /> timc is lnsecare�nth uespect to aay persoa or r.ntity obligatod un the Securctd llD�t or aLaa the prospxt of�ny p�yaxat or
<br /> .�.; the value uf tha Pro�Crty is htyuirod slw(t�Iso cous�itute an event of defiult.
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