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<br /> �. PI�IPIM�PI MI�EMf�IMt1. Tiustar sh�N prompUyp7y oi caus�tn Ga��d whtn due►�e OGlp�rrans nnd�»atl���indehtarlmtsa, Thti . � �
<br /> Tn�srnr sh�N a�so p�omntty�nd/��tMuKy aty�rv�aN ol(ts �oWipstr,a�s unAN�ny pfher dled ol f�Wf knGU�r�tK�ing�l/pi pA�f pl fha Au51
<br /> � /i�o�u�ry�nd,!l eppliahN,�ny p�om�tory nufs,pu�r�nry,a orh�r term ol r.onrr�ctu�Jlnd�dtrdn�sx snrra�n�by r.uch ntnr,deircl o►nu�i, ' '
<br /> �`„� wh�tM�JunMi or senM�tn rhs la►n nf Ibts!)a�d aI Tru�r, wM any otl�e�nt�li�atMn�seeuned Dy a Iren m the I�ua�N•nperty, whsrAe��Niinp
<br /> � cnnaanau�Ny a�hy aper,�tlnn olle►v.
<br /> 3, ConstnuNan p11m!�►�wR1MN. �iuttp►sA�N�ontpkfe/n Qood ind wakm�nlikA m�nne�dny bu!lnGnps,impiovenranfa or reps�r.a relit�np
<br /> tliemto►vh/ch m,�y lx+f,npun nn fho lrust�Ynp�ary or contsm�:�tad by tAe Ol,��y�flnne srcured heraby,fo pry whei�dur el1 r.asfs ard
<br /> � IlRb�Gtl�s lncurred thnHni,�nd nat la pn�ml��n/crn.sr�uction lien�p�Insf auch Tiu.ft P�ora�ty. ln tAe evenrconenuc.rinn nl buildinps,
<br /> 'lmp�avemanrs or repc6s�n conrnmpl�tar� Trua�w�ISO�pnws,�nytl�iny!n thls Deat!ol 7iu9f ro►hs contv�ry nofwilhst�nrlinp;Isl fo
<br /> prompNy comm�nce�ny suc1�work end to cnmplet�►he�xDposad lm��rovemsnfs prom ►!y,Ibl fo compbte Ihe sxms in nccDrri�ncn wilh flia
<br /> ' pl�ns�nd spsc(lic�tlon�aa�ppiovatJ by Rnnel/cl�ry, (cl to comA�ly wlth�ll fhs fame oP�bulldiny lo�n�ptedmsnt,iI»ny,bntwrten Truafor
<br /> � and Bsn�Ir'rl�ry,rhs t�ima ot wh�ch�ro Incorpor�ferl Mreln 6y rehronce and midr a parf heieol, Idl to s//ow 8enefir.I�,r r�i�:n�r rn.r,u�r
<br /> Piopeiry et su��mes duiin$cansNuctlon,end lel fn repl�ce ony wo�k o�m�te�lala uns�Uslectory fo BenetitlirV wirhtn li lenn!7&I t1s ye�Iroi
<br /> � wr�tten nurlce liom BenefidAry of such loct.
<br /> �`"� lirst d���1�Ch�monfA�o�su�ofher���A Rach mo»ih�s miy�e�r cll edrby[innel cr�ry�u i`lerye 0b/i��l;ornsl��e pald l.�/ull,�a s o'i the
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<br /> Ihereina/�er rhe'funds'/exrunl to I/12Ui o/flie yeir/y tA�re��nd essessments whtch m�y�ft�in pilorily over th�s Daed o!Trusf and pround
<br /> �ents on the Tiusf Propar�y,!1 Any,plus 1/l2th ol tAn yea�Nprnmium installmants for Anrard Inswance,pla I/12fh nl�he yea�ly promlum
<br /> lnstellmenfs/o►mo�tgngo instirAnce,I/Any,el!�s leason�bN estlmAfnd lnitlel/y and/iom Hmn to time by Bene/iciuy nn the basis o1
<br /> aysessmenls end bills and rexspnnble esf/m�fes flre�aol. The funds shell b�hnld in an insUnillon, the dspotirs or�c�ounrs ol whlch ern
<br /> insured orgueianfeedby a lode�al orstete�rgencyinoludingQene/iclery. flr.nellalery sliall Appfy fhe Funds 10 payss/H texes,aasnssments,
<br /> ir>sunmce premiums end fl�ound rents.l3nno/ialary shall not bo requlrod to pAy Trusfor any lnterest o�eernings on the�iinds.lJeno/lCiAry sha//
<br /> �ive eo T'rustor,without cherpp,an annuAl iccoun�inp o1 the funds show/np c�edits ond deblts to the funde�nd the puipase Ior whir.h ear.h
<br /> �tr�r r.a�f�e Fuods w�s rriade. The Funds are pledyed es additfnn�l eecuriry lor the Ob!!p�Nons secured by rAls�eed n/Tnisi.H the amo��nt
<br /> crF Ulr C-.^��xls held by Benepcfsry,topether wlth the luh�re monthly instellmnnts ol Funds payabl�prior ro the due d�fes aI tsxes.
<br /> .�ssz�c.4-�-+3•:ts,insurance p�emrums end ground rents,sha//nxcead the amaunt►equ/red ro p�y asid taxes, asressments,insursnce prsmfu+»s
<br /> umf�rvund ienta as dieM lall due,such excsss shaH be,e t Trusto�s oAtlon,elfher promptly repsid fo Trusfor oo credir.erl tQ Fiz�stor s!�a,'vrsC
<br /> ivtv�n monthly insr.�rl/n:�xta o/funds.Il fhn smount ol the funds held Ly Bene/iciary shil!not be sul/icient to�ray e�cxes,assessraents,
<br /> insuranca pre�n.�um�a:�r.'�,c?round ren►s es lhey/�ll dae,Trustor Shell pe y to Bene/ici�ry sny�mount�eCess�ry�a ma/rp up the defrcierrCy
<br /> wtrhln U:it�riays ri•��,tG.ia d�ty nodce!s mslled by Bene/icluy to Tiustor reques�iny paymen��heitat.U,va�RaNmer�v ea Iu8 af af!
<br /> OG.'v'ge:;nns,8one�vciarr:+iaHi pranr�njr reiund ro irusror sny runds�+eld by Bennl�aary.li the �rus�iKOpenryls a^PYi ttnWB{(fy4�P'l�.'e�rr�f SAIC
<br /> nr rkr Tic:st{°.�apar�•:��ef.;��z.3a r,a;�.-rd by Qsnsficiory.lSeneflciar�r.;hs.!apply,Immedieta�priov Co Pfse sae ot tl�e F�usP F:�:�ir•rey�r it.
<br /> BCQUISJ•;!J71�b'Blfi�S��iarr�any F•.wiaix ie;r1.4 by Beneliclary a�tAe Umn af application as a credie a�a::z�e the OMrgatro�es.ff Bene%ciary�rtQCUtes
<br /> a wrrtten�iaiver e9 1�•;�s�n�'s pbliyat;ons undsr this Section,Tiusta r.ovenants�nd ag�ses to pay,belore tM same P�rcome delinquenr,iN
<br /> taxes,assessmen�s,rnsirrance piemiums,yround ients,and d/other charges wkArs�s�irorlevled upon or assesse�i{�laced or madn againsf
<br /> the Yiust Property. Ya�s roi lurther agrees,upon written requesf hy Beneticiar�,!a Rr�-np1! deliver to Beneficiary s/1 receipts lo�the pAyment
<br /> o/such chsrges.Tiusfor likewise agrees to pay al!taxes, assessments a�:d otho�a9��r�es�vied apon oi assessea;pl�ced or msa�a sgainsr,
<br /> or measwed hy,fhis Deed ol Tiust or the recordallon hereol.
<br /> 5. 4iNc>>ici0�on o1 P��rr�oM.A/l pa ymen�s rncslved by Beneliciary cas ra any dsbt liability or oWig�tiun owed�o Benelic/ery by)��xtor ms y
<br /> be spp��ed by Benelit/ary 10 the payment ol the Od/ga�ions in any a�rlo�or minner o/applicstlon whlch Bemficiiry,!n/ta absalute d�scrotion,
<br /> deems eppropri�te.
<br /> 6. Cha�r,Llww. Tiustor w!lI keep fhe Trost Property�iee/ran aH lrens and encumbrances,whether p�laror subord/nate to Mts De�d ol
<br /> Tiust,othsr th�n the lien ol cunent res/esnte nxes end instellmenls ol otJicii!�ssessments wlth respect to wh/ch no pena/ty is yat
<br /> peyab/e;provlded,howover,that T�irstor naed not dlscAsige eny sttch.�en so kny as Trustor sAAll.a�res, in wiiting, to pry the��Gg:atkvr
<br /> secu�ed by sucA lien fn a mnnner�ccrp:•�6Je to Benelkiary and s0�;!%n,aood/alth aontest such lic�r, p;epproprie�e/epa!proceed.;,<r�ryuecd�e
<br /> to pievsnt�hs mlortemant o/the S�r.n n,the/oss ol any interest i�a«c�o3rt of th�Tiust Properrv,inr�shs//dto piw such roasoe�aL:�,�:;�cuiitv
<br /> ;o dsne/iei�ry as r»ay 6e 2{emandcrd b�•cl:netiel�ry to lns�ie eompli��-c.�rherewlth. Th�BMe/ielsry mey in iGf so/e discietfon obfr.nr rhe lien
<br /> ol this DeM o/Trust anu�all casts and aftomeys'leea lncuned b y B�rna!is/ary Gi sild de/ense shs/I be relm6ursed 6v Trvstor ar a�k/ad ro the
<br /> • Obliyallons.
<br /> 7. /I�r�rd Maw�nc�,Tiustor shsl!keep the bu!/dings and other l�n,w:ovemants now exlst/ng oi herealtsr e�ected on The 7iust P�oaeity
<br /> insured 6y insurence ceriien saUs/ectory to Bennliclery aflalnst/oss��n fire,hezards included i�i fhe te�m "exrended coverape'arci�L�ch
<br /> nther hAra�da,cesuN�les end cont/ngencles,intluding wai dema.qa rc;�urance,as may be repu/red by Beno/itiaiy,!n sush emounr.s n�d Ioi
<br /> such pesiods es may be required b y 8eneliciary. The pollc y or insr:rn,n�>sha//be in/crm�r.ceptsDle fo 8ene6ciery end shaU no:�c�ro n a
<br /> defenss baasd a+coinsu�incs,and shs!l contain fhe snnda�d pra�-:s�nr lhst no aco o/the 8enefici�ry or o/Ihe Beneilclery a e�5nts oi
<br /> representatives wi!!rsnder Ms pol/cy vold�s to tAe Benefdclory o�u-11rxt the Benelici�ry's ripht fo recover!n case a9.loss.�nd rhe pollc or
<br />_ po/lclss shal/proWde th�r the s�me mi y not M+Cenr.e/o0�Or moaWied w/Mout Iiheen f�b)diYs Priar wntten nof/CO tc '�an011C1ary,and Kave
<br /> loss pe yide/�rovlsions in/�vor o/and in Ioim acceptr�ble to Bene/iCiary.AlI prsmiums on inswancs policiet shall trr pvld in the m�nnar
<br /> provided undsr rhe Section sntrded'fYrnds Ioi Ps yment of Chapes"herein or,il nnt pi/d!n such msnnsr,Ay Tiuslvr.mn:tiny pp ymsnt at
<br /> /eest lihe�n I f 61 deys prioi to the due d�ts,di�irctly to the insuronce c�irier.Bene/icfiry sh�l!A�vs tM iighl fo hold YJ,'e pollciss antl nnswals
<br /> thsrsol and Trustor sh�l/prompHy lum/sh to Beneliclary s/I renewaJ�oBces md sl!pald premium recelpts rks�vad by il./n no ensex�,shill
<br /> Bensliciiry or Trus tee b�hNd respons�trls/or/ai/uro to ps y�nsuran::�n:unmlums or Ior an y bss or damege�nsin9 out ol e de/ea7 ir an y
<br /> polic y or i�lstny out ol any l�!!uro oI sn y insursnce compsn y to pa y/ui An y loss or dsmay�lnsured against o�for l�ilun bY Tivst�.v to N/ect
<br />, rhs Jnsuiance npvired he�wndsr./n rhe event ol/oss,Trustor shN/yive piompt noNce b�msi/to the insunnce ci��ler ans Bsna/l�iyry. ,
<br /> 8ene/i%f�ry ir.aY make prool o/loss il not msds pranpUy ailn piope�form b y Tiusto►.Al/po/icies ol lnsurance snd an y and a//rsluntJS ol
<br /> uneamed premlums nn heroby assignsd to Beneficfsry is idd/tlonal securlty/or fho pa ym�nt ol ths Oblip.�tions.fn�he evenf o/BenCHclary's .
<br /> exerche o/the power of sNe cont�ined hen/n,or in tM svent oI loi�4cfosure,all Npht�;tl�and intsmf o!Trueta in anrl to sny irhutencs
<br /> polJcy then!n krce sh�!/pess to[he pwcMser at the tiustce s salr�-�r�lertclosuro sa/e.ln cas�o/a»yloss,rhe insunnce procaiorls.may,at
<br /> , the�nption of Beneflcf�ry,be applietf by Bene/ic/sry upon tha OMf�s�liors.oi inyp+rt tMnol,�nd fn such orde��nd amount as.�'anulit;sry
<br /> may r/areimin�;or s�ldlnsunnce proc�eJs,�f fh�optlOn olBeqefr•Crn�;may eltMr bs used in repl�cfny orrcstonny the Tivst!�C•.operry
<br /> partlelly a tofaNy destmyed to�condiUon sitls/�ctory to Beno/kin.ty,•u�ea/d lnlursncs proc�sds,or�ny pation iherabl,may be zcl�,vsed to
<br /> Trustvr. Unlesa Benelicfiry snd Tiusfor otherwise epree in wdtln,y,�ny such application ot Insur�nce proceeds she11 noc extsnd or�poatpons
<br /> fhe dus due o/�n y note or�pis�m�nt evidsncinp the Ohiip�Nors,•u�a�ny installments e�lled lor thenln,oi change ane amowit of auch
<br /> lnstsdments./I rhs Tiust Property is acpuirod by Bsneliciary p�rsunnt 2o fhe exerclss ol thu power of»/s o�urhei loisclnsun,aN ri�ht tltls
<br /> � and Intsrest ol Tiustor in�nd to�ny lnsursncs proceeds pay+Wn Us a result oI dsm�ye to the Trust PYOpeity prior to the si/s or scCv/sltion
<br /> shall pass to B�ne/icJiry and sh�ll be�pplJed/iist fo th�costs and o.rpnnses,/ncludiny attomsys /sea,lnewnd In co/NCtlnD sucla�:���ereds,
<br /> thsn in the manner and rn Mer order provlded hsmin.Notwlthstantlir.;�ort�thing contslnsd in tb/s Section fo the conbary,il thls Ge:�.'af Tivst
<br /> !s on�condomfnium or a town har�:r and thero ra a maater Insuiaacr.vnlley in/orce covedny the common iroea snd I�ciliNss sn0 sl/
<br /> condomJniums+nd xown,Fwses f�catQd!n that deve/opnen6 then,u/Yess oMerwlse notl/ied!n writlnp by Me rBenelicA�ry,rhe Ti4�ator she!! �
<br /> . have no obNpeN�n arr r.ra;nr�Jn tha insuranes rsQWisd lNrsunde4 end will asslyn alr benelits and proceeds ncsiwd d►sruon to►he Bsne/icisry
<br /> _ snd,!n the Benellcia>�•'a J:k discre►lo2 nsme ths 8eneliclery as fhe n�mea'insuntd on said policy. Whenever such insui�nce fs Jn loice
<br /> (�e�irdless ol whetheriepusstM by rhe Eeneliclery ornot!the Tiustor Aeroby suthorizes the Beno/icl�ry to cintel such insurance whenever
<br /> �he Benelic/sry determinet th+t susA lnsursnce does nof sdepuue!�v protect the Bene/iclsry s intemst.
<br /> 8. h'r�eNVrNon�nd M�tntan�ce a!Tiutf Propafy. Tr�sto�wil!(toop the buildinqs and otherlmprovemenit rrow or herealter e�ec�ed on the
<br /> Tius2 Yr.,perty in good rep�lr and condiNon,ordiniry depreciirion rrceaptatl,snd sha/J provids sl!uti/ity seivices necessary for the operation
<br /> . enal�reservation o/the Truat�openy. Trustor w111 no�commit or;�eimff wests,will not elter the deslpn orstructura/characte�constitutiny
<br /> en y bui/ding now or he�eaRer erected on ind constilu!'ng tAe Tiusc Property withou�the prior wntten cansent nP fzrna/it/ery, will nof�o an y
<br /> ' oc►or thlny wAlch would unduly lmpsfr or depreclaft�1te vdue o/IAe Trust Propety�nd wiN not abandon rhe L1a�sr'�o,perty. Truato�wi!l nut
<br /> iemnve sny/ixluros ca►sNtvting the Trust Proparty uvakss fhe sams sre lmmediat�il y roplrced wJth/ike proper,ry saGjec:r 2o the Ilen ind
<br /> secw:il�l inte�esf of thls Detd ol t�usf and ol atleist spusl v�/ue a��,�f utlliry. TiusMi will comply with d/piesen.�antl 1v�ure orcls��r,nces,
<br /> ` !�f%1c f10111 aad mqvirer»ents af aviN'q;�vernmental body w1Nch mu a�.;rJca6le fo the Trust Proper�y and to Ihe a�ctu,cvr.ry an.�:�sm v:�nreof. /f
<br /> thi�Deed ol 7�ust ia On a unit in�,�e:u��`aminium or a planned ac,:Oev_bpment, Trustoi shs!l pev,�cr•.m e.l olTrusfor's o�lg�trzr�s vn.7w fhe
<br /> aF�^t��arimns or covenants cresfenn.n^r;aveming the condominr2ar✓r oi rfe planned unir develop�rro�ac. :tn�by/aws and iCgv!atl^�:s e6 ano
<br /> cancl�m;nium nrpla�nv�d'unir oBvyl:o,�,irrent and the constituent doc.vments.
<br /> 9 dm�,ptctlon.B�Rir�f..a.�:�or its agents may,ad a!!re3sa�s�ADle times,ente�u,oan dhe Trust Mopeity Inr the pur�a�e o1 ins,nes,e;s�n Mc/udiru�,
<br /> buf��oe 1.4nited to c�•r;:c��r.neirral�as[fnp.Benefn:i�ry s9aN have na deity�to msk�srrcle lnspect/on end shs10 mt�e liabls tD e r:�a;t�i 0.•to an y
<br /> . I:Rl'C/1!1 aJ!MC.CPC!/M%f%f MIj'I'3120 C.aifa tn nu�6��nv civen menrct:vi �-�
<br /> l�. �r.;tsr�:n of Sscurlry. M Tiurro�/eils to pe���o��a av�r of rlre covenents and ayreements contairrr.e i�a tAS lSeed a!pausr,r,i v.'�ay actiOn -
<br /> o�Rroceeding is commenced which does a ma y adcrmrse�)r alf�r eNe Tn�st Property or the infe�st of 7rusro�cx BenefK:rarv n/:�rr��.+oi the
<br /> title ol Tiustor 1Aereto,[hen Bene/ielary,at rts oprar�,me►y pcwform such covenents and syreemen►s,meke such ap/.�ar,mccs,v�ePend agsinst
<br /> and/or investigale such action or proce�Miny and telFe such other actlon�s 8eneliclary deems necess�ry to pruletf its rnteresf including,but
<br /> not/imi►ed ta,disbursement o!ressonible e►torneys'lees and entry upon the Tiust Propeity to make ropalm.Any emounts disbuned or
<br /> encuned by Beneliclary pu�suent to th/s Sect/on,/nclud'rtp,Dut not limfred to,roasonsb/a atrorneys'►ees, wirh inforest thereon,shNl
<br /> constifute sddlfionil Ob/ig�fions secured by this Oeod ol Tiutf.Benelieiary rs htrcby given en lrrevoC�ble pow�r o►aftomey/which power is
<br /> coup/ed wlth anlnteros[lor purposet oI securityl to ents�upon the Tius�Property�s the Trustor's�gent end in the Ynrstor's name to
<br /> pe�/orm any snd NI covenints nnd agree�»snfs ro Deperfo�med by the Tiustw rs Aemin provfrJed. Unless Trustor ind Benolic/iry agree to
<br /> orher tem+s ol p�yment, such emounts sha�l be piysMe eipon naf/cs Irom 9ene/ic1�ry to Trusto�roqu„tUng p�yment�hereo%snd shr116esr
<br /> inre.esr/rom tAe dets of�hibursement or the dsts/ncurned it Phe�yte set Icvth in the Note or Ihe rate promYd In the mosf racent oblr'getion
<br /> covered Dy the Guann�y,unless paY�+enf ol intemst af sucA refs would De contriry to applkeDle/sw,!n w1u'ch evenr such imounts sAill
<br /> bear�nterost at tl�e hlghesf rite permilted t y applrcaAle/arw.Nuthfny contained!n thls pi►egroph shall requi�x Beneficiory to lncur sn y
<br /> expense or tske en y ic[ion Aereunder.Hene/icNry shall,st I�s option,bs subrop�tM ro an y encumbnnee,Ilen, d�lrn or denunu'�nd ro el/
<br /> rryhta rnd secunties lor�Ae piymenf rhe�eo/piid or discharped Ly Benelicf�ry undsr the provisions Aeroo/�rrd sny cuch subroyitlon riyh�s
<br /> sh�ll be addetiona/and cumvletive securify lor thls�eed o/1nrs1. Paqe 7.ol 6
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<br /> r,.,,. �� _..+�a�la�Wa�e►':r". . ,i., "r'^.�.^-'rr�rt,�.,�=-.------
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