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<br /> 2. Poyrn�nt o1/ndeAdMn�+i.Tiusfo�ahall promptlyDaV or ceuae to be paid when due�he Obligallons nnd ell otheimdebledne9s The
<br /> " r� livatnr ahe/l e/so promptly snd/�rthluJly observo ull ol rts obllgahvna under tn y othpr doed ol frusf ancumbennD el!o�parl o/fhu lr�.i r � [�;�,
<br /> P�nno.rv ond.il ecclicabla.mv promisso�Y note,guo�9nt y,or ofhe�term o/conlraClvU1 urdobtodnoss sor.urod by such othcr rloarl ol nu9r, r�
<br /> � � wheMe�Jun�or or aenlp�to Me lien oJ tAl1 peed o/Trust, entl Any otAB�OW�gationy sacurad oy n nan un ri,u Trua�F�upn�ry,wi�n�l.�,;o::srry^
<br /> , F consenauslly or by oF+enUOn ollaw. �='
<br /> � �J. Con+buoNorl o!Nnpro vw►Neq•Tiu�ror ahall complsto In good md warkm�n/!ke manner eny bu(ldinga,�mprovements o�iape�rs relahnp �'--
<br /> • I thNato whlch may bo bsyun on the Tiu�t Aroperty o►contemplared Dy tAe Obl�pations ascured heieby, ro pi y when duo an cosrs ond ;
<br /> �r�wr;nn Incurred therelo�,�nd not to permlt�ny contt►uctlon Ibrt aysln�t auch Trust Pro�rfy. /n the event construcHon oI buildings,
<br /> /mp►uvementa a►repa/n�rs eontemp/attd, Tiu�tor Nao eyreea,en yMlnp/n fhls Deed o/ iu3t to the canfrery notwlt�alendiny;fs!to
<br /> . ' �prompNy commsnre nny such viak»d ro complete ths proposed Imp�ovements promptly, lA1 ro complere the sa�ny in eccordance wkh rhe r
<br /> ' I � plane and spseificaf�on,t aa�pproved byBlniAN�ry.fcl to comply w�th dl ths temia o/a building loan agroe»iont,il any,Cotween Tiustor
<br /> � � ind BenNlciary, ths�erms ol whlch�rslncorpo��ted hsreln by�efeience and mtde a par►hereol, Idl to sllow Benafitlary to lnspect tAe Trust
<br /> � ��M Proper�y et all times dwin�Construct/on,�nd/el to ieplace any wn�k o�m1�ta►lals unlsNs/ectory to Benellclery wrYAin filteen l�61 days eRe� -
<br /> �;r� � wr(tten notice Irom BAnebclsry ol suCh Nct.
<br /> i � 4. funds lo�I�yin�nt u!CMrg�s.lI iequested at any time o�Irom Nme to time by►ha Benelic/ery Tiustor shell pey to BeneJic�ary o»the
<br /> .:d�� , Irist da y ol eech month,or such othei d�te e�rth manth as ma y be specifiod 6y Beneliciery,until the Oblipatlo»s are paid in 1ull,e sum -
<br /> .,,....A� (herelna/fer tAe'Funds'1 epuN to 1/f 2th ol the Yes�N tsxes end essessmenta wAlch may sttoin pdority over this Deed ol Tri�st and pround
<br /> � reMS en the Trust Piaperty,�l any,plua 1/12th ol the yaerly premium Instal/ments/or hasard�nsurence,plus 1/12th uf the yearly p�em�um
<br /> ' instellments lor mo��gage�nswAnce,il eny,all as reasonably esNmated lnitl�lfy end lrom time�o fime by 8ene/iciary on the basis of -
<br /> ' esseasnTenra end DilJs end ressonable estlmAtes theieof. The FundCs ahall be Aa/d!n en lnstlturlon,the deposits or sccounra o1 wh;ch e�e
<br /> " inaured or guaranteed by e ledera!or stste e�ency including Beneficiary. 8eneflcJary shalf apply the Funds tv pa y sard texes,assessments,
<br /> lnsurance premiums end ground�e»ts.!lonelicl�ry sh�l!not be re?�dimd to pay Tiustor enylnterest or earn/ngs on the FuMs. Benelit�ary sl>o/l
<br /> glve tn Tivator,wlthout cha�ge, on¢nnua/ncr,oun�tln,q 01 tha iLndu s/row>>►g Crodits and debila to the Funds end the puiposR lor whicA eac/r
<br /> debit to the funds irrtis made. 17�Q I'�uirds orn/Ned�rarJ as addeNonnl sa�curi[Y fo��NS Ob/igetions secu�ed by fhis Deed o1 Trust.U rho emoun�
<br /> � oJ the Funds held Ay 9a�nolicinry, �o�r3ther wftlr tlr�t funtre montlt/yr lnsfaUmttr�rs nf Fi�nds psyable prior to the due dares v�taxes,
<br /> ;�' sssessmenta,Insurence pimn/ums�►d grourrd rretM..:Sls�ll exoeed tha umount ir,Qu/re(/(o1y�y+�1 u s,issessmnnrs, msurance pre�ri�ums
<br /> and ground renrs a^,rhaY Fa'1 dua:such exce.^>s sAU�I I�, at Ti r�sror's option,either pronfi�l"�M�p t�rustor or c��:dit�rr!to Trvstor e,ryainst
<br /> �• /u►uro monrhy lnsr.¢lin,ants of!"�nrts. lf Me smouat af rhe Funds i�t�Oy BeneNclary ahsll not bs au1/Iclent to poN caxrrv,asscrssr»rfrtts.
<br /> lnsurance prom�ums o�d g�ourtd°�zn.M,as thsy/U/dus, Trus[ar sA%���n�Y to Beneiiciary any smounf i�ecessary to r,��Jka up Ur��rfic/orrcy
<br /> � within thlrry days From the date notice is ms1/ed by BenefrcrarN t� T�;:;�,�ir repuestr'ng payment thereol.Upon pAymenr in fulf of u�i
<br /> ' Ob/1gstlons,8aneficiary shdll promptly►efund to Tiustor any furttl�Y l"�i.f by Be�+eficiary.p the Tiust Property es sold unde�the power ol sale
<br /> or the 7rust Prop_*.ot�r�s otherwlse acqulred by Beneficlary.BeneficJery shs!/apA!N.�mmedlatety pdo�to lhe ssls of the Tiut�P�operty or!ts
<br /> ecquisilran by Be��ficiary,any Funds hefd by Berraficlsry et the nine ol ipplican�n os e credit egainst fhe Obl�gatlons./t Benelicrary execures
<br /> - • -_- c t�rJtt;,rr�:�hrr o.'Tmsiar's abltgaN�rs und�r�n+�S�r.r/nn. Tiusror covenants a::n`:�grees to pa y,bo/ore the same become delinquent,al!
<br /> ',;�.� taxes,assessments,insurance premfums,g�om+a'ients, and all othe►cnsrges wharsnever lar�rd upvu or aoaaaaa'J,�,facad ur,��ado again:t
<br /> �;,;�•s�, rhe Tiust Propeity. Tiustar/urther agrees,upon written mquolt 6y BenefJcJary,to prompUy de/iver ro BerteJicrary el/receipts/or the paymenr
<br /> ol such chsiges. Tiustor/ikewrse a3rses to pay sll taxes,rssesamenta and other charges/evled upon or assesaed,placed or msde egalnst,
<br /> ��,>:ij;;�1 0�measured by,lhi.s Oeed o/Tiust car the iecordatlnn hereo%
<br /> t b. A Non o/�wyrtuntt.All payments recei�:�o�`by Benellclary es to any debt,l/ab!/ity or obllg�tlon owed to Bene/iclary by Tiustor may
<br /> . " �� bs ep ied by Benefielary�o the payment oi tha 4^Cl:e�atlons Jn any order or msnner o/epp/lc+�t/on whlch Bene/icia:ryc!n!!a absolute dJscretJon,
<br /> deems spprop�ete.
<br /> • 6, CMrp�s;Ll�ns. Tiustor w111 keep the Tivat Prope►ty liee frorn ef!/iRns end encumb�ances,whethe�pdo�or suGcrdinue e0 t[^�'s peed oJ
<br /> - Tiu�rt,vtt,r,:ilion Fhe llan af tussGnt saW'�lsra tazes e.�d les�ar��r���a�r nnlcrN�ssessments wlth itspact to whiCh na pea�Pttr�.s set
<br /> ,� paynble;provlded,however,thst Tiusfor need not disehirga an�sich llen ao lo»g as Tiusto�ahsll agree,!n wdtlny,top+r�L;�a�o��.nedan
<br /> !�_ ` secured by such�ien�h�manner aceaptib/e to Bena1.'clery�nd sha71 in good/alM contest sucA l/en y spproprl�te/ a proceau;nns ellective
<br /> - to prevent the enfarcam.ani o1 the lien o�Me los9 m0 anv inteiest!n or part of the 1'r.ust Propeitl.and ahell slao give such reascnaltic seGUnry
<br /> ,t.,�• to Beneflclery as rr�r,r�be tlemanded by Bewerclar,v to insuro compNpnce therowcr.l:. Tha Bsneflc►ary msyln Its sofa diserenon dofend rhe lien
<br /> ' , of thls Deed of Tvu.�and sll costs and attome►g"%aos incurred by BeneCclary ir.snid dafertse aAeq be relmbursed by Tivator or added to�he
<br /> .,�rilu�-' Obl�getlon.!-
<br /> �`"`'`' • 7, M�zaid/n�unne�. Tiusto►sC��:l�xrnD��s�%ldrnpa�nd othe�improvements now exlsting er U.e�eafter erected on the Trusr P.rayerty
<br />�,f''4;"���;:
<br /> � ins:rred bylnsurance csmers satisPac ron�?o�&ena9ic;ery�painst lc�s by lire,hezarcta inoluded ir eme eerm'extonded coversge'w.��such
<br /> :�1��<?` � other hinrds,casuaRies end contlnpanc/es,includin5 a�var dama�e insurancs,ss ma y be iequired 9Y Beneflclary.Jn auch smounPS end lor
<br /> ��,���,,�' such perlods ss may be requlred by Benefic�ery. �%ho,�clky ollnsurance ahaN be�n lorm a�cceptaWe to 8 e n e l l c i a�tr a n d sMl/nor eonteln e
<br />��:.:y.�,;�,,� delense based on colnsuranee,.�nd shalf conta+n rr?.n star,daid prpvlslon thar no acr o1 the BeneNcUry oi of fAe�8anefc/ary'a agents or
<br /> ,-�.�;�c� rep�r.aerrtetives wli/isnder the polrcy vold�s to m9QJanehelery dr al/rct tBe Ber.al.�cipry'a rlyht to recoverin casa o��qsa,snd th4 po�1cY or
<br />-�:-;.•� poiiciea shall provlde thal tM aame miynot be cRncE�dd a�nodf4kd wlthout�ltepn f 161 days prlo�wdtten norko n 8enelicf�nn.and hsve
<br /> y'S'� /ess payaMe Arovlstons!n 11vor o/and ln/omf�CCSptab/e to flCneficiery.AI!premluma on Jnsuranoe pol/cles aAal/be psk/n the.manr.er
<br />�r�� • n�.
<br /> .,.:;F���, providad under the Sectlon entiHed Funds for Aryment o/Cha�qas'hero/n oi llnotps/d/n sucT menner,by Trosta inikJng peymeni at
<br />-�,r=:��,��� least filteen l ibl dsy�prior ro ths due d�ro,dlroct/Y to Mr lntu�rtce carde►.Banslklary ahall hava rhs dyht to Aold the policie�bnd tensws/s
<br /> �-'��w;_�� thereol en�i Troator sAS//promptry/umhh to&nef'kl�ry d/nnswN notices�nd il!p�ld prem/um�tcKpta mce�ved Dy!r.In no e�HOnr ahall
<br />;������ BenelicJary or Titastee bs hskl issponuWl/or fai:ure 7D pcy Insurance pre�nlums oi 10��ny/oss o�damape�rlsing ouf ol�de/dC!lA any
<br /> pollcy o�orisiny out of any Iailuro ot eny lnsunan�,cr,mp�n y ro psy for an y loss o�demaQe lnsured sgalnat or lo��a,�uia 6y Trt,sro�t�eNeaa
<br /> --- _ � the fnsannce nrqu/ied hereunder.!n the svsnt cf/o�. Trustor ahall ylvs prompt notke bY mi/l to ths/naurance ca�ner md&neflcAry
<br /> - Beneficlary may make proof of lats if not mad►p�cmptl y or!n prope�Iorm by Trostof.A!I pollclea of lrtsunnce anL'ur y+nd al!�elurtds of •
<br /> �� uneamed promlums are heroby essi�»ed to Benefklery i�adHtlonal aecudry/or the psyme»t of ths Oblipallons.M rhe event n�6aneficlery'a
<br /> -- exerclse ol the powe�of sale conra�rrMherein,or In the event of foreclosuro all dphb tiHe�nd lnterest of 7'ivator in snd to ony+"r.sv�ince
<br /> ��:�� policy then!n lorce aAsll p�u to the purchaser�t tt�trustee'a sa/e or lorsdosuro sa/e.ln cass oI�ny loss,the lnsursnee proco�xls mry,at
<br /> ___� the opNon nl BnneJlciary.be sppped by Benelrcram;u�on Uee OWfgaticvis,o�any part themol,�nd!n such o�de�and imount aa BeneNclary
<br />- ma y detemvfns.•o�sald bisunnce proceeda,�t eG;o�avr.'on of Benelicliry,m�y sllher bs used!n ropl�Cinp o�re�it�rinp the Trust PioprRy
<br /> - partlady or rotslN aleatroyrod to�conditlon s�tis9acrory to 8ene/icl�ry;or aald/nsw�ncs proc�sd�o��ny por�,on Mtrool,ma y be ra/essed tm
<br /> Tiustor.Un/ess�e�e/Icfary and 7nr,rrorothe�wiseagree in wrlting,�ny aucA�ppI�C1t/on ol/nsunnce proceads sh�inot ex[end or postpone
<br /> ---v tAe dus date oJ�ny nats or ayreer.�ent�vidbnciny tAi OGiyallons,or�ny lnstN/menta ca�led for Nero/n,or cMnfle Ma�mount ol auch
<br /> -----=-- lnsallnrents.U the Tiest Propert y rs acQulnd Dy Beneficlary pursuant to d�e exe�las o/M�power of as/s or oMer loreclosuro,ell ilghr,tJde
<br /> � � �nd lntemst ol 7rusto�!n�nd�o an�v Msunncs procs�ds peY�Dle as a rosult o/damays to th�Tiust Property pdor to the sr/s o�aepu/slUon
<br /> _�„�,..,���� ahi!!past to Beneflclsry end ah�N be+pplled 6rst ro the costa and expens�Man,y!nc/udYny aKOmeys /ees,incurrod/n collecting auch proceeds,
<br /> �� ts on�e eondom/nlum o�Je town houa�rd N+ero ds a ma�er lnsurmee po ie y Tn force,c�ednyn�the�ommon�sreas and k1 !,i era e��j I Tiust
<br /> ._.���� condominlums end town hones Ixeted/n t/Nr obve/opment,then,un/ess othenvise ootilled/n wdtlny bY rhe�enelrclary, ths Tiustor shall
<br /> ^:,i,J;---�-- hsve no ob!lgatlon to mi/nb+n tA�Jnsunncs roqulrod he+wnder,�nd wi//�ssign d/benef�ts�nd proctods nece,ved rhenor►ro the Beneliclery
<br />=_;r,,T" ead,In tAe Beneliclsry's sole drscrerlon,n�me ths Beneliclary�s Ms named lnsurod on aald pnlic y. Wheneve�such lnswance Js!n Iorce
<br /> '��`'�. }••- t�Bene/s clary d teimi�ths�uch Ins�snceicdoe ao�rdequstMy piotectthe Bene/ic�1+ry s i�esr'ary to cance�aucAlnsma�ce whenever
<br /> =;� . ,.t.,..,:
<br />�.• = " 8, p,rrs�rv�Unn�nd M�k►t�nane�ol Tnut l►o��epc 7nrstor wifl keep Ma buildings�nd orher lmproveme�crs now or herealter erected on rhe
<br /> . :.� , rrost Pioperty i�e�d rep�lr snd conditlan,aru4a��ry�da�preclatlon excepted,�nd ah�ll prov/de ell urllit y sen�.�cros nncess�ry Ior the ope!arion
<br /> snd preservarron cU t:�e Tiust Pioperry•Tir�src�ea�:;;nor co�r+mlt or pertnf[weste w!I!not slter the design w�cr;,.::rsl cAaracter consr+rutin,
<br />=� ���. • •'°'� an fluf/din naw or neroalter erected on i�+i ca+e�rrftinp t�ne Trust Properry witl+a�t ths p�iar written corrsent crt'Benefielary,will not ab an y
<br /> _ ;-;;�,,;f;. a�t o.•thing wAiCh wouid undutylmprirar atip�ec�ute t.�r ndtw�'S�Re Trust l?,s,zsrty orr�w.a'�.st abandon the Tiust Piopa.�i.'l�.�stsv wisr v.�n�r
<br />_ •P- ��enrofo any lixtures constltuUn,�thc Trost Piopei[y wnkss Me$+s+r�a eie imrvr�eiitelfr�efvl�ced nvifh like property suD/ecr to tAO d;an and
<br />+ •°�'��'� se�cunty fnteiest of thls DeeJ of Trust rrd a��C/tis3t e�rrai'vrfr�arrO at;k'ty.Terrstar uvnY cermp9�r with sll present and/utur�ard.;r,ances,
<br />. "� �,K���:�.�. ' •2.. �eg�lstlons emd're�ywirementa of ony pnv�emme+rCa1 Gody whkh�re appficaBi�em rM�QUSe�rqxrry�nd ro Me occuparncy and use theieot lf
<br /> � ��, tAJs Deed oP trusr is on�untt in�caraFi�raea�urr a e p/inned unit develoymsrar.Tiustar shaR'perform aD af 7►rustor'a o0ligatlons unse��he
<br /> �•.. dedi►+tlons ar cavanants cmatlnp oiQov�m�aT{ris condominium or ths phamsG u+�'a�v+�snt,the GyRswa�rtd regu�atlons ol rhe
<br /> - �.r...r.r.....�.�....
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<br /> -_ ���,...�:..,�. conoominron+arn�wrned or�fi oe.e,�,N.,�...�.........�,....�...........,,......�.._.
<br /> � . s 9. Msp+ctlon•&eaeliclary or!ra�8ente m�y,at�N roasonsbJe thn�s,snirr upan the 7rusa l���vevty/or fhe purpose oJ Inspecrion�nr.lud+nb,
<br /> . , t but not 1;mlted ro envlronmMtel testlng.BenNic/ary shall Aavr no dury lo make auch lnsp�r%�rr e�nd shsll not be liib/e fo Tiustor o�tu�rny
<br /> t perann(n possosslon!l it makea or/ails to m�ks�ny such lnspecNon.
<br /> � � tp, Prot�eNon ol Slcurlry. U Tius[or la!ls fo pedorm�ny o/Me covensnta snd�yroemente cona�ned in Mis Aeed uI Trusr,or 1/ony oc�ron
<br /> or proceed�ng�s ccvnmeneed whlch doss or me y edvenNV a/l�t the lnrSt Propeay OI fhs lnte/est o/tiustor or Blnelmrry thOmin 0�the
<br /> � ! tiHo oI Trusfor fhereto, chen Benelicl+ry,�t!ta optkn,may pedorm auch covensnta ar+d egre�rnsnta,m�ks aucA ipRear�nces, delend agarnsr
<br /> ' • ' � end/or lnvestigstv such ectlon o►proCeedinD utd t�ke such other actlon�t Benelicl�ry deems necesssry to protect it�r lnterott�ncluding,l7ur
<br /> � • � not limlted to,disbursement ol reasoe+bls ettomeys'Iees�nd entry upvn the T�ust P,�opertY to maks rspsUa.Ar+yunovnts disburaed or
<br /> incurrod by Banefrclary pumu�nt to tAls Sectlon,lnclud�nD, but not IimRed tu,roisona6le ittom�ys'le�s,wfth incersat theieon,shsll
<br /> � ' consriture edd�t,onN Obligadons seeured by rhls Deed ol Truat BenslicNry!e AereDy glven an lrmvoc�Me power of strorney fwAlcA power rs
<br /> � coupled w!M en inu�eat Io►purposaa o/ascwltyl to enror upon rAS Trost Prop�rty es fhs Tiusror a•gent end in tM Troslor's nsmu ro
<br /> � peNOrm tn y end ell coven�»ta end�yn�ements ro bspe dormed DY th�Tiu�tnr as Aerem provldad. Un►ess Tiusror end Benel�cisry egree to
<br /> otAer terms olp ayment,aacA�mounta shallOs paWW�upon notics liom BensliN�ry to Trusror rapuesflnyp+Yment tAere�ol,snd shaU bear
<br /> r � . � � intereet bem the d�te o/aGsDurae►nrnt oi the dit�incuned at Ms r�t�ast Iorth!n rhe Note a Ms qts p�ovfded,n the most�ecent oDligsUon
<br /> • covered Dy the fJuannty,unless pspnent of/nteiett�f auCA rata would be COntnry to�pp�kide/Aw,!n wh/ch e�mt�ucA emounts shall
<br /> � _� bear lnlerest et tAe Aighest r�te permltteal 6y apphCabJS lsw.Nothing contdned!n M/s panynpA eA�!!requ�re BenNicun• to�neur env
<br /> expense or take eny ecnon hereunda.BanelfNiry ahsll,�t ita opnon,be suDroystad ro sny entumbnnCA,hen,c4fm or dema»d end to el!
<br /> r�ghts end securities for(he RaYmenf thereol pa/d or discherged by Bene/ic/sry andei the p►ovlS�ans h!reol end enY suth sub�ogation rights
<br /> ;� shell be eddi�ione!snd cumu/ative security/a tAia Osad o/lrust. Pege?nl b
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