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<br /> � -. , , : :;.•.� or obsnlete.Fmcid�d th3t such pessonal propecty is replaced a�itb othet personal ptopett}'at least equal in vaSue to the ,. ' , ` `,z
<br /> � . '- � reptafled petsoaal propeny. ftee fmm any title retent4oa devioe. security a�at or other encumbreaoe. 5uch .. . .
<br /> , ... � ;.` repincem�nt of persc►nat pmpeny will�e deemed subject co thr se�auiry interest created by this Deed of Tnut.Tnutat sbatl � .. .1
<br /> ` . . - � not partition or sob�vide the Property without BeaEficiary's prior written wasent. Seaeficiary or Beneficiatyr's a�rnis . _. .
<br /> �aay.at Beaeftdary's oprion.�ter the Pcvperty ata�r reasoaable tiive for tfle pwpose of i��peccing the PmQerty Any
<br /> . .. � iaspecdon of the Property shaU be entirely for B�eflsiary's 6enefit and Tiustor w�l in uo way rely on Benefielary's � .
<br /> . : ; iaspec�a�a. • � r
<br /> ,. u � 13.AIITHO�t1TY TO PERFOAl�f.If Tntstor fails to perfomt aay of Tnutor's duties undu this Beed of Tn�st.or ang ath� x, . . .,� '.>, . �
<br /> ' __ .i �n�8e,deod of uusc,securiry agreement or other Gen documeut thai has priority over this DEed of Tnut.B�eficeary h.- -
<br /> ` - -_ ; amay,without notioe.Perfosm�he duties ar cause t�em to be perfom�ed.Tn�stor apgoisus Bene�ciaty as attomey in fact ta ;_„—_=; -. ,-_;.�-
<br /> '•�;:�° • s i g n T n u t o r's n a m e a r p a y a n y a m o u n t n e o e s s a i y f o r p e r f o�a n o e.I f a n y oonsunciion on the Pro p ert y is dissontinusd or �•..�. .
<br /> �. . : . ',-,�. not carried on ia a reasonab2e maaner,B�eficiary may dQ whatever is necessary tu pmmct Beneficiary's se�auity intetest t:;�;";,:�:,<,,'�_i;.�:-.
<br /> , ia the Progerty.7tis may include oompleting the oonsucnctinn. �� . .� _..�;; .
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<br /> � , _ : i gen�fciary's ag8t to perform for'lYastor sball.nnt create an abligatioa m perform.and 8eaeficiary's failure to perfo� `;,:_...'_. _ '�:;::'_ .
<br /> w�t aot pzecTude 8eae8ciary from exe�ing aaq of Beuefciasy's otUer rlgflts under the law or this Deed of Tiass.Auy t :. ,� ••
<br />�'.,"'�; ' : amn�nts pauF bX Li�aeficiary for �asureag, Px�rving or otheruvise protecting the Property and Heneficiary's secr�ty ! , ' '�. ��.
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<br /> u • �;, i inre�st vrr��be.c4�on demand and wI11�Sear iat�rest from the date of the payment unW paid in futi ac the inter�s[care ia � . ���,;;� .
<br /> . � 1 effect from mt�to tiime ac�ord'mg m the teffis of the Sv�dear�of D�b� . 'i�s; "^�°.
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<br /> . . .� �� 1Q.ASSqGi�P£"Q�a.EAS�S AND RE�S.Trostor imev.ocably gaats,conveys and sells as addltional sewrity ail the ,��''�``;�;
<br /> rigtet,atte aayg in�in and w�y and a�L- , ` -
<br /> ' ° � ' aad an other writtea ar verbal agc�ts for the use snd 'f �"j�'��- -
<br /> • � �.�t�i*�re[eases,snbteases,ii�,gv�f��s Y �}
<br /> - '. �aay portion of tfle Progetty, �an3+e��teasi�s. reaealalsr med�frc�ations or substitations of : � �'•�
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<br /> , Y e.., SUL'�t�13(8�1 i2fC1TE'd[O 33°j.C'dS2S'). , r F t S�`,e��'��
<br />_;;,,�: � :n. _ . B. lte�us,�'s�.e u d p r o f i�s(a l l re fe r r e d to as"R w���1�u d i n g b u t n a t l i m i r:�t��c u r i t y d e p o s i t s,m v�m u m r e a t; .�, �'�r,� � .,
<br /> charges � estate taxes, other "{1°�-'�=i-
<br />_ ^r�;`: additioaal �t, common arra�aate c6�Ses. Park��` . o�-�-� "�l
<br /> � - � �c�s,insuiance pranium contributions.i`z�:.idais:4�foltoaring deFanit,r.aaoellation premiums, .
<br /> � , rev�.m'�itIes. raa�s.�iour�,.a�i�.all righss and ciaim4 which Tn�swr may�ave `., � �-
<br /> �,� . . �loss�'�s"insuaace, } P av • .�
<br /> tvat ia�s:y way pertains to or is on aacunnt of t�tss�tt���v�•��ag�e a�koi�:or any part of tlte Propeny. * ��y:
<br /> ' . and fumre Trustor may `� ���
<br /> .. ��will pmmpdy pr�vide Benefciary arith tcae�w�c�P:es o f a U e�ns� L e a ses. - �
<br /> � , - ia��ai:aeFeive.enjoy and rise the R�is so loa$as Tnis�f�s aos in de6mtt.7Yuscor wiil not collec�in advanse aay Reats �;':
<br /> • d�ii��tnre lease periads, unless Tmstor fa�ahtains�c�ary's wi�en vonsent. Upon defaulb Ttustor will seceive •
<br /> �. ', �II�ss in uust for Beuefic�ary and Tnutor wUl not ai�;te the Rents with any other fuads.Any amou�nts collaxed , -
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<br /> � �••-. �Ssc�pued at Benefrciary's discretion to payme�ts�a d�g�Debt a�therein pmrided,to costs of�na�ng tbe ;'�`, f �.�{.
<br /> � .. �;:iacluding,but not limited to, all taxes, ass�. insurance premi�as, rePaiis•and wmmissIons far�?�1� ..;: r :' !
<br /> ffiY �P� $ �r'. �ys' Pazalegal fe�and mutt s�sts. ;:i:-' �,�� �•�•
<br /> t .,,,r� aBe�Y�,�a��s.y other necess retazed es includm' Bene� s atto fees,
<br /> .`.�.�, T�i ��assjgnmem is perfected upan the ra�of this Deed of T:us[and that Beneficiary ts ' , '°�.,.`�t�
<br /> _..�.�r f�•���;f: eadtted to no . any of Tnutor's tenants to make paymeat of r�is;�i�ua or to be�ome dae w Benefcctary. � ��� . ;�
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<br /> 1�a . :` �.y�;;;- � Tcu�..-�s and Truswr's t�sants aa$make demand thaa atl .
<br /> . „ �t�: �...1 Beu e f cciary ag�ees t h a t o a ly o a d e f a u l t w i l l R e n e fi c i a r y¢c u i f y e� , .
<br /> .' �'�.'t�t':'. ':t funue Renu be pazd dinrtly w Ezaeficiary. On reo�:io�>�*.e noaoe of defauIt. Tn�stor w�l endorse and cLeliver to ,:'.-'�"��
<br /> . : � Beaefcciary any payuients of Rent in Tnistor's possessiv�.:;� � , '��� ' �-�
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<br /> � � �`'� Tn�swr oovenants tbat no defanit eaista und��che f,;�ses or any applicable laadiord law.Tcustor als�c�r�enants aad agees . r��,.:-�
<br /> :�� to maintain,and to require the tenants to c�t�wtth,tL.Leases and any applicable law. Tnuwr vriil pmmptly novSy ' ��'-•
<br /> Benefciary of aay noncompliance.If Trustor uegiects ar.r�rrwes to enforce oompUance with the terms of the Leases.then • ��•
<br /> � � Beaeficiary may. at Eeaeficiary's option, enforce oo��. Trnsior w�l obta�a.Seneficiary's written ati�v'�on ;� �""_`
<br /> . . befam Tnutar consents to sablet.modify.ca�el,or os�+a�st�r';�l.eases.ra*��co.o:pt the surreader of 6s�1�mPer►Y .,��,.
<br /> • • . covered by sur�e�,�ases(unless the Leas�s so mquire).or t���;g�x„'�aa�a�sc:�ccr?�aunbet�e Leases or'�isy f�Nte . ..,
<br /> � Rents. Tn�st�a��old Bene6ciary hadmless and indemnify�`Drs��xsr any sad all liability, loss or damage thae '"� `' �_ _-
<br /> `s�'� . . .' •. Benefcciary may'fsccur as a consequence af the assignn�ent uader th�s secsi�n. � ` , •',..,` , e«i��
<br /> .+ . , • ����;; IS.��NDOMINIUNLS: PLANNED UNiT DEVEI.O�Il'S. 1f the Pmperty includes a unit in a coud��or a _ .. " ``'"''
<br /> `- � planued unit development,Tnutor wlll petfoam all oF;�r's daties undet the covenants.by-laws.or reg�qe�rs of the �"
<br /> - , . '. candominium or planned unit develop�.. . , . � � � ..��y�
<br />_'.`,. s���Q i' n�.��ULT.Tiustor wW�jm�d�ault if�u a�ihe fa7n�ag occur: ,. , �
<br /> .�F'2i���. � % �'�:•�Y P�Y obligate�a�a.t�°5ecar�i2eDt fails sri r�ntce paymeat when due: � r y��. .
<br />_.,-,� -:�. .•��r.����s�, = " �lff. A breach of any term:�cr m�venaW in this De��c��"Tttvst.any pr�or mortgage or any oonswctlon toan a�nent, ',,���
<br /> ,:. security ageement os�,ay othes d a t a w a e�t evidc�g,gnarantyiag,securing or o t h e r w ise r e l a t i r t g t o t D e S e c�u e d ; -�i„s �?.
<br /> -�i . . .,i - � � Debt: `• �. . . . . � . . �.'3,.
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<br /> .r{�;.'�.`�'; ';... . � C. The making or f u m i s hlag�o f atcy u m�G�r l t,ar w r itten repres e n r a t i'r�u;,s t a t e m e i►t o r w a r r a a ry t o B e n e fi c i a ry t h a t i s f a i s e.•. ; .
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<br />_,_;. , :,� : . �',,� , . or lncornct in any e��5:�!respe�l4�'Trustar ar any�erson oc'�.zctity obligated on the Secured Debt; ��..:�,. ' . ,.
<br /> '�.; ;: � •' ', � • 17: The death.dissoiuxi�n.;f�m�!1'raacietid�'a resei�rx f�ry or application of any debtor mlief!aw to.'Z'ca.�ir tir aay . • ' • :
<br /> •' , '.� � person or entity o6ti;�,nt��`�ad�J`,�Si�ait�d�De3h,.�� . ,, •
<br /> F� . ... .. �. A good faith belieY l�y�lB��af�ls;:+t:rmy tiI»�:�il�t:I�eneSciary is insecure a�th respec�w anY pe�nt i�.'�rntlry ..
<br />�_< .�� �;� � . obligated on the Secc�3`ID�iit,qi��1�t�fia prospecti b'�aay paymept is impaired or thc Pro �s,im�rzic►tsi���:. , ,, � �
<br /> t�, . . ' F. A maeerial adverse chau�c:�i�k'L'�u�tsi'�s business iuctuding ownership.mana3ement,and fin �aiz�c�ndif 9�s�ut�,wLicL �:
<br /> Heneficiary in its op'v�fu�nl�lieves�pairs t he v a l u e o f t h e P t op erty o r repaym�nt of the Soc�lred Oebt'�'i�; ��'.yl�., ;�,` '...
<br /> ,:; � G. Any loan prooeeQs ar�uzi�+d for a purpose thaz will contribute to eacessive e�u�inn of hlghly eradible laar��lt�e�to the � :'`.;i�ti�" : ,
<br />_ oonversion of wetlands to produce aa agrIcWtural cor�wdity,as furthe�'expL�.m»d in 7 C.F.R.Par119dit,P;Subpart ' .
<br />-='` G.Bxtubit M. .
<br /> ' 17.AEMEDILS ON DEFAIJS.T. In some imstances. federal aad state law will re�quire Benefrciary to provide Tnistor arith
<br /> ���•�,� . � • . � notice of the right to cure. mediation aodces or other ao8ces and may establish time schedules for foreclosure act�ons.
<br /> -� � Subject to fhese limitations. if any. Beneficiazy may aocelerate ttte Sec�ued Debt and foreclose this Deed of Tn�st in a
<br />-{�. ' manner provided by taw if tlila Trustor is in default _� .
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<br /> ...;i�,� _ � � �,� L�993 Banten Sracems.mc.St Ciwa.�+f��T•8C6�97 234f a farm aOrCG CT-NE t030.97 --�- --..--�--�-- -
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