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<br /> ��� g$-�lossa
<br /> or obaiete, providr,d that such perwtuil property ii repl�ced with other perwrul propeny�t leut equal in v�lue�a the
<br /> repl�cod per�an�l pcopecty, iree from �ny title retentbn devfa, �a;udty �Qrsrnxnt or other encumbrru►ee, Sueh
<br /> rcpl�cemer►t of peroc►rul prope�ty will be deepr�ed iubJat tn the�oc:urity interett crc�ted by�hi�Deod of'Cru�t. Truetor�h�ll
<br /> not putitlon or �uhdivido the Property withou�Beneticluy'� prior wrinen con�ent 8eneflciuy ar Beneflciuy'� �enu
<br /> tn�y, �t &neflci�ry'�option, enter the Pcoperty�ti rny reuon�ble titrte for the purpo�e of irupectln4 the Propeny. Any
<br /> In�peciion of the I�roperty �holl be enUrrly fot BrneQci�ry'� benefit u►d Tru�tar wlll in no w�►y rely on Beneflcluy'�
<br /> 1n�pectian,
<br /> 13. AU'I'�IORITY TO PERFaRM, If Tru�tor fuil�to perlorm�ny of Tru�tor'9 duties under thii Aeed of'C'rust, or any other
<br /> morta�e,deed of tnut, �ecudty a�roement or aher Hen document th�t ha prlodty over thit Doed of Tn�at, Ha�eficiuy
<br /> mRy,without noticc, perfortn the duUa or cawe them to be perforn�rd.Trunor�ppoinu Beaeflciuy u a►tornex in f�ct to
<br /> d�n Tnuto�'�nune or psy�ny u�wunt necessuy for perfomunce.If u►y can�tn�ctlon on the Property ie diecontinued or
<br /> aot c�rried on ia�rs�wn�ble nu9ner,BeaeRci�ty may do whuever ie�uy to pratxt Beaeticiuy'��ocurity interat .
<br /> in tbe Ptaperty.Thit tn�y include carapletinQ the conatn�ctlon.
<br /> &aeficiery'e d�kht to perform far Tcuitor�hall aot create�n obliguloa to pecform, and Beaeficiacy'� f�llun to perform
<br /> wiil not preclude BeaeRciuy from exerci�iio�any of Ha�eRciuy'�other dghte unde�the law or thi�Deed of Tcurt. Any
<br /> utauat� paid by Baxftciuy for lun�rin�� PraerviaQ or otherwjK protectu�g the Propc�ty �nd &neflcfuy'� eoarrity
<br /> intereist will be due on decnand and will bear interest from the date of the payment unt11 paid in full at the interest rste in
<br /> effxt from time to time accord'utg to the tem�s of the Bvidence of Debt.
<br /> 14.ASSIGIVMENT OF LEASES AND RE1VT5.7Yuswr irnvocably�rants, conveys�ad sells ac additional security all the
<br /> dRl►t.titlt u�d intereat in�ad to�ny�nd all:
<br /> A. Exiating or future le�sea,subleesee,licenses,guar�nties and any otha writtea ar verbal agmmeaa for the ux and
<br /> oxupu�cy of�ny partion of the Prope�ty. 9ncludiag my extenaions, rrnew�la, modificatiom or substitutiona of
<br /> such�greements Wl roferted to�s"Leaea").
<br /> B. Rente,iisues wd pmCts Wl nferrod to aa "Rentg"), including but not limited to eecurity deposita,minimum rent,
<br /> P��Be rent� additional rent. comnnn uea mRintenancx c]urgee� Puking chu�es. re�l eauta tues: otber
<br /> applicable taxa, inaurance premium coatributions, liquidated dunages following default, canoelluion pmniums,
<br /> "loas of reau"insurura�reveuues,roy�ldes,proceeds�bonu�ea��ad all righta and clainu whkh Tn�ator may bave
<br /> th�t ia wy way peruins to or ia on�ccount of the uee or occupancy of the ahole or any put of the Property. �
<br /> Tnutor will promNttY Pmvide Beaeficiaty with tive uid conect copies of all existing and future Leusa: Tnutor may .
<br /> oollect,reatve,enjoy ami uee the Reata ao loag�s Truator ia rwt in def�ult.Tnutor aill noc oollect in advrooe�nY Rmu
<br /> ��}�n!p�pa►�, unlea Tniator firn ohtain� &neficiuy'� writtai oomcat. Upoa defiiWt,Tswtor will roceive
<br /> �nv Reau in t�urt for Heoeftciuy and T'ruator wAl aot commingle the Raiu with imy other funda. Any amnuntt oollacted
<br /> . t6i11 be�pplied�t He,ueticiary'e di�xetion to piymenta on the 5ecurat 1)ebt ae tixreia piovided�co oow oi m�apns ia
<br /> Propacy� iacludL�. but not litnited W. dl taxa. aueaamet►te� intucmce p�aaiume. cepain. md�iau to n�nl
<br /> a�rnta.�md W omy other neoeswy rel�tod ex�including Beneficiary':�ttorneya'fea�puale�al fees�od cart aow.
<br /> Trwtor�rJcnawladga that thl�neignmeat is pafaxed upon the reaotdin�af thir Deed of Tnut aod tlut Baieflci�ry i�
<br /> auitbd to rotify my of Tnutor'� tea�nta to malce paymeat of nats due or w b�corue due to �aefici�cy. Ho�evet�
<br /> Beaeficiuy a�rea tlut only on defwlt will Beaeticiary notify Trurtar wd Ttuator'� teaants�ad m�ice demmd that all
<br /> futun Rmb be paid dimtly to Benefici�ry. On roaivia� the nocia of defwlt, Tnutor will eadone aad ddiva w
<br /> ' ���i'mY WY��of Rau in Tnutor's pasrnirra. •
<br /> 'IYvanr ooveaaou tlut no defwlt eaLn uider t6e I.eaes or ray appiicable Imdlaed l�w.Tnutor�la ooveo�nb�md ytea
<br /> . to no�iaWn� �nd to require the tea�au to oomply witb. t6e L,e�ue�aiod�ay�pplicabk ltw. TcusWr will pe'omP�Y�4' '
<br /> B�eoeticLry of my l�ooe. If Tiuqor ualacu or reltua to eafocve ooropli�moe with the teim ot tbe Lauer, thea
<br /> �+�Y �Y� at�ciuy'� optioa� eataoe oor�luma. Trustor wlll obwa BeaeficJuy'� wrluea �utbodz�tloa
<br /> betoie 1'ivstor oomaib to�ublet� roodify�caooel. or odierw�iK �lter tue L�ea�a, w aooept the wrreader of tLe Property
<br /> oovered by auh Leara (unlea t6e l�eaut�o roquire). a to mip�. cocnQ�otm�e or eac�naba the l.eres a�ny li�wta
<br /> Rent�. Tcuttor will hold Beae[iciuy hattnlesr md indamify Benefici�ry for any md dl liability,Iost or d�e tl�tt
<br /> geaeticiary may inwr�s�oomequeaoe of the atignment uader this iaxion.
<br /> 16.CONDOIVIDVIUMS; PLANNED iJN1T DEVEI.OPMEMI'S. Yf We Propectry iocluda a unit in a cvadotrriniwa a a
<br /> plwned unit developraait,Tn�ator will perforni�11 of Tnutor'e dudea unda t6e oovenrnt�,by-law�,or rcgul�tiom of the
<br /> cornfominium or plaooed uait devdopment.
<br /> 16.DEI�'AULT.Tnutor wiU be in defwlt if omy of the following oaau:
<br /> A• MY P�Y obli6atod on the Secured Debt fail�to�Ite ptymait wLw due;
<br /> B. A Me�ch of�ny tecm or ooveaaat ia thit Ueal of Tnut, my prior matpge or my coamualon loan a=rameat,
<br /> , , securiry�or�ny othar documeat evida�cing� Buu+ntYinB.�oairing or ot6awiee rduins to the 5ecured
<br /> ' �:
<br /> C. 'Ibe makin�or fum9ariing of�ny vub�t or written repraeatatioa� wtemeat or wm�mty W Beaeficiary t}�t u i�Le
<br /> � or inoo�ra,ti�n my mueri�l napecx by T�ustor or my pa�wa or entity obli�ded on t6e Sewred Ddx;
<br /> D. 'Ihe de�th..•ditaolutlo�, appointmrnt of� receiver for, or�►plication of any debtor relief law to, Tcuator or any
<br /> peroon or entity obligatod on the Sxured Debt;
<br /> B. A good fatth belief by 8eRe8ciary at u►y time that Heneficiary ia inaecure with respect to�ny person or wtity
<br /> obligued on the Securod DeM or thu the prnrpect of any paymeat is impairod or che Proper►y i�impairod;
<br /> F. A meteritl adverse chaage ln'fcustor'a busines�including ownership,n�emrnt�and fin�acid cordidona,which
<br /> Benefici�ry in its opinion believea impvn the value of the Property or repayment of the Secured Debt;or
<br /> G. My lw�n proceeds are uevd for a purpok thu will vontribute to exaasive eroeion of highly erodible l�od or to the
<br /> converaiaa of wetlmds to produce au agrlculmral commodity. �s fi�rther eapleined in?C.F.R. Put 144Q,Subput
<br /> G,Euhibit M. �
<br /> 17.REMEDIES ON DEFAULT. In eome instancea. foderal and state law will requicr.Beneficiuy to provide Tn�swr with
<br /> notia of the right to cure, mediation noticea or other notioee u�d may eats�blish time schodulea for foroclosure sctions.
<br /> Sobject to these limiutioni, if�ay, Heneficiuy miy acalerue the Sccured Debt and fomlor. this Dad of Tmat in a
<br /> nuaner pmvided by ltw if thi�T:uator ie in defiult.
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