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<br /> or obwlete, pmvldcd t1tRt 8UCI1 41C1'ROAAI p[C�P�nY �d rCJ1IflCt:(I WIIII Otk1Cf jlEf60i111I�1f�1�1CIt�► Rt ICAFI Cf�l1AI in vRlua to the
<br /> repl�cod pcnsonal property, frce fmm �ny title re:tentlan devlce, securlty +�gncmrnt or othcr crtcumbr+u�ce. Suc1i
<br /> repl�ce�ne�t of penRand property will be deGrr�a!eubjr�at�a dto Rccudty intarest crcxted by thls Drccl nf'Tn�At.Trust�r eha11
<br /> nat putition or eubdivide the Pcnperty without &nr.flclary's prior written coiuent. Benefielary or iien�ficinry'e ngente
<br /> m�y� u Beaeflciery'�4ption, enter thc Propcdy At any rca�anwblc tirne for the purpose nf In�pccting t1�4 Pro{►e:rty. An9
<br /> inspection of the Property d�Rll be enttrclY for &neflclary'n bcmtit u►d Tns�tor will in no way rcly on Iicnaflciwy'i
<br /> ln+pechon. _
<br /> 13.AUTNQ1t1TY TO PLRFY)RM•If Tn►ttot faile ta perfotm+u►y of'l'rustur`e dutla under thie Deal of'frust,or au►y other
<br /> mortgage. deed of ttust, secu�ity agoeemet►c or other licn documcnt thst ha9 pdortty over thie Dcod of Trust, Beneficl�ty
<br /> may,witttout notice, perform the dutia or cawse them co be perfomxd.Trustor appoints Bencficiuy as attarncy In f�ct to
<br /> Rign Trustar's nema ar pay eny nmount n�oesaary for perfornunce.If any conetructlan on the Pmperty is dlscontlnuM ot
<br /> not carrled on in a c�easonable manner,Ben�flcinry may @o wh�tever i.s necessnry to protect &nef:ciary's secudty interest
<br /> Zee the property,ThiR may include completing the cousfi.r.vct.i�m.
<br /> i�i:r��ci�aar'�dght to perfotm for Tiustor sh�ll nca¢cr,c�.tc a�t odrEeBuion to perform, and Benefccisry's fai[v.�e t:rs�aerfomn
<br /> y,�i�t not�rra:l�,�le Bencficinry from exen:ising eny Qf; llk.mc:fxiuy's other rights under thc law or this Deec!oE`lC►.�sa•�°►+�Y
<br /> a�munzs �id Itry Bsneficiary for insuring, preserYe�rlg�F oWerwise protating tha P[operty au�d: 1Bectc:rciau'S+''s �c'x�ncy
<br /> fntereat wule Pa�:�us on demwtd u►d wlll bear interesr.fcva¢►ttre date of the payment undl pazd►rr.f.�T.P:at th¢intRrest rate ia
<br /> �ff6rct frmm tnsm�e ca time�ording to thc urm9 of U►c�vi�encc of Debt.
<br /> 1�i.1h�.���G�y'�T t+'�'II,�`�►>v; AND RENTS.Tiust4*er.r.�xxably grnnts,conaveys auxl seIlEs a�aritilii¢ionaE s�c.��-�:my aii�e —
<br /> ri�ht.sitk�!a'i�ntrs+�st 9n anil cc�my and all:
<br /> A. Exn�:c�+ig�r future lases,suble�,licensos, gu�rantirs�ad am���+±�her wdttcn or verba?�e.r�eemeats for�k�e nse and
<br /> �Ujy;t��.y og�ny portioa of the Property, including any ERZ��resiom, renewals� modifira�uaas or substitutions of
<br /> such agcbauc�au(all refared W u"Le�ses")•
<br /> B. Reate,iss�es nnd pmfita(�ll nferred to as"RFnts"),including but not Hmltod to ea�dty d=posits,mias.c!mum reut�
<br /> P��B� �• addition�l reat, common �ure.� ���aintenance charges. Parkin8 ch�r8es. real estat�� tkisa. ot�t�a
<br /> �pplieable tazes. insuruyce pranium contdbu��n�a:s, liquiduod dum6es following default, cancellatian �remlumi�
<br /> "losa oF ra►ts"I��o o�uoe,n9•�unt of 1h�or cxcpupaney f the hole or any p Wof the P�Pertp.Y have
<br /> � thu in any wAY Pe
<br /> Tiustor will prom�dy�r.�,�r•?a'e Beneficiary with t�aae�r.t:wmect copies of all exist�ng and future Lease.s. T:sustor m�y
<br /> coltect,rccelve,et�oy an�:ns��he Rrata Fc►lon�as'a'a���sror is not in default.Trustor will not collect In advaxrcc any Rea�s
<br /> due in futurt;ke'+�se pt7ldiia� �3J1IC�E ITIIaIOt �llSf 00�71U12'!:L'C11G��.IMT�)�o �rit�ea r.ousr�c,tt�r��f,ulc,Trustb7 w.ill rcecive
<br /> any Rents dm ts:�,st far Beaehciuy u�d T�uscor will n�t unnunlnSle the Renu with any uther funds.Any a,�wn�s collectod
<br />- sh�l!be app3ied u Beaeficiuy's discretion to paymenRS x�n the Savred Deb�as t�tn Provided, co costs of m�n�giag the
<br /> pm�x�ty� iscluding� but not lim[trd to. all texes. �suesaments. insurance Qremiums�repaira� and camo�nis�ion;s to racjul
<br /> ng�enta,�wd to any other neoeasuy relual expences d�:9�arl:ng Beneficiary's utomeys' fas. Puale8al fces am���urt costs.
<br /> Tmstor acknowledgd that this assignmeni ls���v�cl upon the rec:ording of thi�e Iked of Tcust and th�f �•.neCciAry is
<br /> . �adtl,ed to notify aay of Trustor's tenant� s� r.+u�➢c�y.paymen► of renW due or to become due t�b �ne�ic3ary. Howeva,
<br /> Bweficiuy �gcoa thu oaly on default�v.i�]Benefioiuy notify Tcustor and Tcustor'e tenants s+nd mtice detaand dut �l
<br /> fi�ture Rwt� be pald dirnctly co Beaefleiary. On receiving the notice of dtifw�lt, Tcustor wa::l emlorse and dellver w
<br /> Be�oeficiary�ay payma�W of Rau�a Truaror's possesslon. .
<br /> Tnutor oovp�aats thu no d�fauit exists unda the Y..eases or ury�pplic�ble l�ndlord lnw.Tcustor�lso covenlnTS and ngras
<br /> to mdntain, aad to requito the teacaw to oomply with. tt�e Leaxs and my applicable law.Trustor will prorr�kly aotify.
<br /> Baneficiary of any noneomPliaaoe. If Tnutor neglxts or refuses to�enfora compitana with the i�crms of the Y.Saaes�tl�ten
<br /> Bencficiary may, u Benefciary's option, enforce com�liac�ce. Tn�stor will obtam Beneficiory'a writtsu uuihorizaafo�n
<br /> befoce Tcuswr coments to sublet, modify. cauocl, ua�n�netwise dter tho Leasa, to�ccept the surrmdea�o:`i 2'h�Frope�ty
<br /> r�verod by :uch I.aeea (wiless tLe Lea9ea ao raquaae), •or to aaa(gn�ooroPromise or encumbcr the l.,c�es:�r aay futwe
<br /> Reau. Ttustor will lwld Baxficiary humless and;�rd�rndfY &ae�iciary for my �od nll liabil3ty, I489';DI �c'lam�ge th�t
<br /> &aefic9ary may incur as t conxqueaa of the�aslgtnxnent under tLis sectioa.
<br /> 1S.CONDOMIIdIZTMSi PLANNED UN1T DEVELCDff�tENTS. If tbe PropatY includea i unit in a condaur�nium or a
<br /> planned uait devdopc�xeat,T�uator will psrfocm ali ar6"T:�usior'a dutiea un�kr tt�c covea�nta,by-laws,or re�ut.�tiaw of Ih�
<br /> oondominium or plaono�i.ec�it develo�cneat. � .
<br /> 16.DEFALI[.'A'.�'���r will be in default if u►y of the following ncc!►r:
<br /> A. f►ny par[y obligsted on the Securod Debt falls to m�lce payment when due;
<br /> B. A breai•L of my term or cove�unt ia this D�eed uf Trust,ony prior mortgage ar any c:onstruction loan igreaneat.
<br /> security agcoement cr any other documrnt�:��idencing. guu'�u►tying, securu►g or otherwise xelating to the Socured
<br /> Debt
<br /> C, 'ILe making or fumishing of eny verbal or tvritien reprGantution,statement or wairanty to Beneficiary that is f�lse
<br /> or incorroct in ury materl�l nspx�by Tnutor or�ny p�rson or entlty obligated on ctEe Sscured Debh
<br /> D. 'll►e deaW. diasolution, �poinameat of a receiver for. or applic�tion of�►y debtor r�:licf l�w to, Tcvator or my
<br /> pereon or wGtp�ib�iguod on the Securod D�hi; , �TSOn or enti
<br /> E. A good Caith 6x�1!�ie''�y Beneficiary at a��; �t��m: :�hat Btuetici�ry Is ni.�:+CCUZe with rc:q[►4Gt t�p_araS rrx'� �Y
<br /> obligated or�r.7a�:;S:cvrod Debt or W�t the�mos;�sY af am�y:�ymrnt Is i�p�t�rd or the E'acr,pezi�+ns��pairn��;
<br /> F. A mnt�r.an�l�dv�eus�e c6��in Trustc,r'a b+�sir�e.ts inclu�diir�h rn�voec�ship.ns•u�aganent.uad�'enanc-u�apneia��tons.whictn.
<br /> I�r�ne7.ciuyr in it�opinlon belEcaa��irs tLe v�lue of rid�e��3operiy or repsyment mf�e Sacu�r�t!IIA�'t�;nr ,
<br /> G. My�ann proc,eeds ue usocD f�r a purpose that will wrntribute t�excessive erosio,m of ltci�.hly�v��i�i:,t land or�co ct�;c
<br /> _G.�L��..«�.a.._.�: �.r�t� t�.�Rt r�1d.0. SuUo�rr
<br /> conversion of vw�tluxie ro pmauce am agirrea�mrai waII.�u;.y�+'.���.�•�•�,.r••........" . --._---- --- -- �-• - �
<br />— a,��chibit M.
<br /> 17.REMED�.S ON DE�'AULT. In some instances. faleral s�nd stace law will requin Benefi�iuy tm�ra�nv�de Tn�sror with
<br /> aotia of the right to cure. mediation nQticea or other n�tices�nd may establish time 9chcd�tes f�r foreclosure�ctioas.
<br />— Subject to thae limitation�. if any, &nefictary may xalerate tht Sa:urod T�e�ad ffcmacLase this Dad of Tnrst in a
<br />— nynner pmvided by law ff thls Trustor is in def�ult.
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