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<br /> or ohsaletc.provided tbat such parson�l pmperty ie rcplACal with other p�son�l p�n 9 rc atber�eacuiubrance.�Such --
<br /> repl�ced penan�i propesty. fc�ee trom uty utio �ccni,un ..�..ti.., " .., �R•- ---- —
<br /> repl�ttt of peraotul PcoPer►y wfll be daynal�ubjxt to the securiry intenst created by thie Deed of Trust.Tru�tar shall
<br /> aot putttioa or�ubdivide tho Pcoptrty with�ut Beaeticiaty'a pdor written consent. &neticiary or BraeYiciuy'e Rgenh
<br /> mAY. u Beaeficluy'e option�ml e� rntic��el�far ABeaeflciAty's�6eneRt�wd�Trustar wit�in na wsy�rcly on Aenoflcluy e
<br /> inspection of the ProperiY 9
<br /> fnapecdoa.
<br /> 13.AiITHURI'P1f'1'O P�%ItFORM•�f Ttu+tor fiil�to perform wy of Tn�etor'a duttei under thi�Dad of Tnnat.or�ay other '"�
<br /> mortg�e. deed�f tnut, eocudty�gme�nent ur other lie�document thst has priorlty over thl�Dccd of Trust. Beaeflciary
<br /> may,without aotice,perform tho duties or cauae them to be pedornxd.Tcustor appointe Beneflct�ry as attomey in fact to
<br /> a{gn Ttustorb n�me or piy any antount n��ssuY for pedorttumce.If any oonstructinn on the Penperty ie discantlnual or
<br /> aot c�alod on ln�s�y�1 lud�mpl�8 tl►C�concuuctlonh���ver ia neceasary to protect Aeneficiary's securtty Innrest
<br /> iq tho Prdperty
<br /> Beneftcleuy'e dght to per[orm for Ttustor shall not creau ut obligadon to perform. aad Beaeftciary's failure to�r�o�
<br /> �vW not preclude Ba�eflciuy frnm exercisiag u►y of Beneticiary's other rlghte u�3er the l�w or tbis Doed e�i'Ak�r�:•As►F
<br /> amoupte pdd by Benefici�ry for insuriag. 1�teserYinS or otberwise pmtecUng oAx Property and Beneficia�r's secvaitY
<br /> laterat wIQ be dne oa demand acd wUl bcar i.nterest fram ibe datc ofi tb�e payzaen.a riatil p�d in fl1U at the i��erat: r�ce ia
<br /> effxt from time to tia�aocording to thc tcr�of tho Eviideuce of DeD�;.
<br /> 14.ASSIGNM�NII'4�LEASES AND RENTS.Trustur urcvocably grants. COIIYl�B 1�A SEIIB iS l�itlOAdl SCCl1Il[y!�II 1bC
<br /> right,dtle tnd inurest in and to any�nd�ll: ues uid u►y other writtan or verbs�l agncements fox tt►e use and
<br /> A. E�cistinB or future leases.subla►ses.lianses.Snaran
<br /> occupaacy af aay pnrtion of th�1PmapatY, including �uy eatenaioas. reoewala. modifiadions or substitutions of
<br /> such tgreea�enq(oll aferred to as"�.ases")•
<br /> B. Reata,ieaues and pmfits(!Il refe�:v!ea�s"RenU")�inctuding but uot llmitc�to recurity aeposits.minin�um rent, _
<br /> P�rctnt�ge reat. aadidonal rem3, �r�mon �rea u�inuaanx chu8p• P��B �8�� � estate t�ut�a.other
<br /> applic�l►le uxea,insanmce Pnm�awr�a�conMbuiiow�Iiquid�ted dama8es follawing default. caaceUUiaa�a�:.�niu�.
<br /> "lou of zaate" insuruKx�orea���`.�.�un�t of tph�or occupancy of the whole or my�put�the�Pmpe��have
<br /> thu in u►y waY P��
<br /> TmsWr wW pro�mQdY Pmvide BeneAciary with aue and cornct copiea of all oaisting�nd future Leaeea. Ttustflr msY
<br /> collect, recelve,enjoy Aad u;x the Ra►cs ao long�s'I'ruator is aot in default.'I'rusto�r wi�ll not coAax in sdvanoe u�y Reats
<br /> due in iui�2����i::ale3s Tr�mr fim obtains Bmeficlary's writtea oon..�i. Upoa defwit.T�vator wilt noelvo ..
<br /> � any Rarta In auet for Arnefloi�ry aad'lY+a�tqr wUl not�oa�iagle the Rrnte wit���vaY Qtha fiu�dt.Any�unouau coila�ed
<br /> sh�ll be�pQlied u Beaeficiuy's discrec��m�aa paymeata aa the Sixucallmebt�us t]�rc�c�n�mvidcdl.to ooat:of asma�Iu6 the
<br /> � pmperty,luclo,�idiu8. but aot limtted itn, .11:1 �a�ces� �u� ina�ramu pted�iu�.�it�4s.',a�id oommi�siont to ra�t�l
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<br /> � ng4Me+ and to any othec ne�essuY relaz��e:c,penses in�ludiog Beaeficiary's attomeJrs`f�sts.par�a9��;a�foes md court oosU.
<br /> '1`:ru�ta s�q�wtedges than ahis•�ssiga�nnent is garfer.�c�� ��o�a the noording of this ,tleod of Tmst�nd thet 1B�m��fidtry is
<br /> �p�� :�q��aarify �ny of �RYUStor'a t�.n,an^.s tro mak�,pnywent of renta due or ta bocom� due w Beaeficidr�!.�:{�lNCVer,
<br /> �qe�ry ugriss t}uu only on defuilY ��11�1}Baufici�'no¢ity T�uator and Tcuttor'�twwts�nd tnak�e demebd thuct�l,�!
<br /> futt�te R�t� .be paid dinxslY to &aefloiary. On reoeiving the notia of defaWs, Tnutor wrW eadone aad�i,a��i:et�
<br /> �Bc�'tlSciuS'�Y WY�ts of Reat in T'ruator'e paxs�i�. ,
<br /> Truator oovewnte that no dkia�ult eai�ts under the L,�Ses nr any applicable IAndloid 1aw.ltustor dw covwanu�od�rees
<br /> w m�inWn. �nd to requftti tbe tentata to c�mply wlt}��Ihe Leiva and any�pplirsble law.'Mistor will PromptlY ndit'Y
<br /> Beneficiuy of�uy uonoomPliaaoe.If'1Y�stor neglocta or refwes to eaforoe comgli�noe with the taau of tbe La�ee�. tha►
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<br /> Beaefici�Y msY. at Baieficiary's opf�' +z�� eaforce compl�anoe. Tnutor will obtain HweSci�.'lr't wrltten n
<br /> before Tcustor consents t,�a�blet. ma��. cancel, ot at6erwiae�Ita the I.eaees.ta aooept 1b�;csuRrrnda of the Pcopaty .
<br /> coverod bY auch Leaxs(�wnl�ess the I.e�ses so requi�w��'br w assign.compcomise or wcumbulr the I.esses or�ny tWure
<br /> Itrau. T�ustor will ho1c0�l&,�n�ef�ciary hulnleaa u�d ��lemnify Benet�ciary for�ay wd aU li�bility. loss as�nKa�r that
<br /> Ba�eficiup miY�as a oo�ual�x of the�igar�aent aackr thia aaxioa. , � • ;'� ',.
<br /> 1S.CONDOII@iI[JMSi Pi.ANNED UNl'6 UEVELOPiNF.NTS. If i�hr Prop�cty includa a �u��rc in a w�k�minium a a
<br /> plamed unit developmeut,T�u�stor will pecfonn dl of 7luator's dutias unda the ooveamU:�jy�aws.or nguUtioro of tLe
<br /> coadoaniniam or planned uait d�welopmau• .
<br /> � 16.DF•FAULT,�or���defwlt hR�rsy of the following occur:
<br /> i A. An�PartY obllg�ted on ihe Socaam�a];�ebt fails w m�lce ps�r�nt abea due:.
<br /> " B. A brc�cb of any tema or coveau�^�iu�thia Deed of 7mstn a�_�;�p:sior m�rt�s�e or my ao�t�ssnuxion ton►ag,r�a�.
<br /> socurity agreemant or any other do�aur.�t c��idr_�+ng, �sntying,aewr4q8 or othezvVix relatiug tA the Secured _
<br /> � scateima�e or wuranty to Beaefi�ixe;;+Jryt is f�18e
<br /> C. 'fbe mt�king or of aoy verb�l or written nepreseat:tion,
<br /> or amoarra.K in�nfiy�d�rspax by Tcuswr or my peYwn or endty obligated on the Secured Debt;
<br /> D. The cfe�th.dissoludon, �ppointa�r�'smt of z reaeiva for. or application of any debtor metla-e61aw to, Tzuator or u►�e
<br /> pecson or entity obltgatod om etot S�ewred Debt:
<br /> 6. A good faith bet�ef by Beaeficiary u sny time that Beneficiuy is insecure writh�spxt to any paeon ur e�iQy'
<br /> oblig�tod on t6e Sec�ved l�ebt or that the ptospxt of any ptyment is impaimtl or tbe Propecty ia impaitod:
<br /> - F. A materi�l advax chan�e ia"�'rtutor'i businese including ownerehip.v,e�anaot.aod finmcid covdittona�wbich
<br />— 8emefkiary in fts o{�niou beEGe�imPaiis the v�lue of the Pcepecty ar repaymeat of ti�e Saured Debt;or
<br /> G. Atisy loac grooeed�c m uend f�a m pu�ose that wlll oontribuu to exce�ive aosion of highly er�od�'ble l�od or co t�e
<br /> -- -� - -.....��..n.�..�n�nl mmtr�oditv.as furtl�ec exWtiimem im 7 GF.R.Part 1940,Swbp��
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<br /> - 17.RE�C?��'At1LT. In eome insunoa. fedenl �nd st�te law will require BeaefnCis�yr tn•��vide Tru�r watls
<br />� notice of tiic ri�t to cun. mediuion aot�as or other notias md may eatablith time sc�edl�]:cs far tUrrctos�n�e a�ceiar�.
<br />-_ Subjoct oo these limlutloas. if any. Beneficiary may�ooelerate the Secured Debt�nd fonrcl'ose t'&L�,12�xd oC?nu�t:liL a
<br /> tts�aa�er pmvideed by liw if th{s Ttustor is in default.
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