|
�a�c5`.'3� r�r+�rr.an�cr»�._......�,,;T...d...�.Mi � _ _-_.
<br /> `w�v`�..�_ b.b,�....s � .. s_ _._
<br /> -'7!�6- _ _ :x�.� --c•.ii.�iT�_.Y'h��c'�E --- �.:ri � *-r--• .a-•.7$!�.�_i+ -
<br /> _.___._ . ._ . . . . .. _ ...___.. . . _ . .. . .
<br /> I �
<br /> 7 �
<br /> ':
<br /> l
<br /> 98- 1�osso
<br /> L. Notwithstanding any of tha language containat in ahle Dad of Tnret to the contrary,the tem�s of this sectlon shdl
<br /> �urvive�ny foracla�ute or s�tiefactlon of this Deed of Truat ngazdlesa of any passage of title to Beneficiary or eny
<br /> diepositlon by Beneficiuy of any or�ll of the Propeny. Any daims and defenses to the c;ontrary are hereby wai�ved.
<br /> 20.CONDEMNATTON.Tnutor will give Beneficiary prompt notice of any action, real or threatened,by private or public
<br /> rn►i�ia to pirchase or t�ice mY or xll of the Propercy�1nc�udin8 AnY�ase�xnta, tluough condemnatlon. eminent dom�ia,
<br /> or u�y other meAns.Tcuator further agree�to notify Benefici�ry of any ptoceedings institutod for the ests�blisl►ment of�ny
<br /> ��r,Nruer, conservation, ditch, dralnage, or ather district relsting to or binding upon the Property or any pn►t of it.
<br /> Truator swthodzes Beneficiuy to intervene ln Truatoc's name in u►Y of the above described ections or claims and to eollect
<br /> u�d receive aU tums cesultina from t1►q actlon ot cldm. Trwtor�saigna to Beneficiary th�proceeds of any award or cldm
<br /> for duna�a connected with � �onbe�fu�s�oR'd�.��'�6 af all or any part of the Pmperty. 5uch procsrda shall 5e
<br /> conaidered pa}nnents�nd will b!,�pll.e8.,�'p�ridod iq'ttde Dood of Tivat.This asaignment of pcoceeds is subject to the
<br /> tem�a of�ay pdor aecurity�grd�t:' � �
<br /> 21.INS�JAANCE,Trwwr�roee to mainuiin iusur+u�ce ac foUows:
<br /> �_. 'Tnutor�hall keep the PraPertY uuured�B+�t laa by fire, theft uid other huuda�nd ri�ka rc�sonably iwociued
<br /> with tLe Property due to ite type and�ocation.Other ha�rda u►d tusks msy include,for example,coverage agunat
<br /> los� due to floods or flooding. This insurance shall be maiutained in the amounts and for the penods that
<br /> Beaefciary requites. 'Ihe insurance carrier provlding the insurance shall be chosen by Trustor subjat to
<br /> Bweficiary'a approval, which sh�ll not be unreasonab�Y Withheld. If Tivsror fails to maintaln the cover�ge
<br /> dexribed above, Beneficiuy cnay, at Beneficiary'a opdon, obtain coverage to pmtxt &neficiary's righte in the
<br /> ptn�r_rty+according to thc terms of this Dad of Truat.
<br /> All inaurana policiea u�d renew�le slull be acaptable to Beaeficiary �►d shall include a standud "mortg�e
<br /> �cl�use• and, where applicable, "ben�eficiary loae pnyex clauae." Trustor shall immediately notify Beneficiary of
<br /> cueellation or ttrminntion of the it�surmce. Henefi�►arY ah�11�ave the right w hold the pollcica Aad renewal�. If
<br /> Beaei�ciary nquitrs, Tcuator sb�all �immediuely give to Btne:�iciary �11 receipts of paid pranium= and renew�l
<br /> noticce. Upon loss:Truator ah�ll give imcrxdi�te notice ro We inrurAnce curla snd Ben�ticlary. Bayeficiary may
<br /> m�ke proof of loss�f�►ot made immediuely by TYustor.
<br /> Unles�Henefieiuy.aad Tcustor otherwiee �gra in writiug. in�uru►et Proceo�e shill bo applied to restoc�tion or
<br /> rep�ir of the Pmpe�tty du�uRed if thG ratoratioa ot cep�ir ia ecoaomieally feaeible u�d 8enofleiary's eecurity ir not
<br /> � latened. [f the restorAtioa or rep�ir it not econom�cally fasible or Ba�eBciuy's exudty would be lesKaed,the
<br /> inacance�mceed�stiall'be appliad to the Secured ikbt�whaher or not thea due,with�ny excxa p�id ta'I7cuuoc.., .
<br /> . ii T��G►r'w�.+ots�..2�'it�'•-�,^��Ier�e nnt anawer within 30 deYs a notics from BenefiduY tlut the iawr�mt ' ;
<br /> curia has offerat to sdtle a claim� thea Beneficury mry eollect the insutuioe Pmoeeui. �aefici+ry m�+F�!"� .„, ,
<br /> pmoeeds w repair or racore the P[o�patY or to pay the Socured Debt whethcr or not tl�at•due. 'iLe 30-dty pawd
<br /> will begin wlKn the natia is given.
<br /> Ual�Beaeficiuy uid Tnutor otherwi�c aQree ia writia�.aaY�PPlication of procaeds to rincip�l�hall aot eutead
<br /> a ree tia � ����Y���
<br /> or ponpoae the due date of ecbedulal paycc�uu or chanQe t6a aniount of the WY�
<br /> by Beoeticiuy.Trustor'a sight to�ay iasur�oce policia�nd pc+ooeeds raultin�from dam�8e to tbe Propaty before
<br /> the acquiiidon�hall pw to Bweficiuy to the extcot of tbe Secured Debt imaedl�tdY before the acquis[tion.
<br /> B. Tniswr s�rea to m�int�in comptd�ive Qe�xr�l ii�bifity iaar�nce n�iet H�efl�'a m additioo�l iowmd in
<br /> �o amaiut�apabae to Beneticiuy. fn�urini�f�intt cl��°��my�c�lda�t or 000urra�a in or aa tbe
<br /> C. �w m�intain reatal lo�or businat internq�tioa inar�oce, ar requind bY BeaetkiuY. [n m a�oount
<br /> eqiul w at laut oovaa�e of ooe yeu'�dd�t�ervia. �md roquirAd+�cxow�oouat depotita(iP ateeed to�Y
<br /> 1n writing),uadex a foen of pol3cy�oaptab�e to Ha�etici�r!'•
<br /> Z2.NO E.SCROW FOR TAXES AND IN5URANCE. Udea otberwiis Provided 'u►a upr�ce a�ant�Tnuta will not
<br /> be requiied w pay w HaeficiuY funds for tua�nd insuttnce in e�crow.
<br /> �.3.FQdANCIAL REPORTS AND ADDI7IONAL DOC[JA�M'S. Tnu�wr will pmvkle w Beaetici�►Y ulwn requ�t� �aY
<br /> }inaoci�l atuemeat or info�tion Aeneficiuy may dem► aecesauY• Tn�°r w�°t� Uut �ll fia�oci�l �tate�eod aod
<br /> infonn�tion Tnutor provides to BaieCiciary ue. or will be� accuraoe� oorrect. uid oomplete. T�usoor ajc�ee� to eip.
<br /> deliver.�od file a Ba�eficiary miy re�o�n�bly ra�c my�additbnal doc,ummts or oatificatiom that Be�ei'►cl�ry m�y
<br /> con�ida nooa�atY to Pa'fa�t+°°°u°u�•�p�r'e Tnutor:obliQatioos under tW�Deed of Tru�t md Beaetid�rY'�liea
<br /> ataaw oa tbe FmpatY.If Tnutor f�ils to do�o. Ba�ef�duY maY,:ign�ddiva. �od file ach do�awxate or oadfic+Ma ia
<br /> Tnuwr'�nme �ud Tt�tor hereby irrevoc�bly appoinu Beaefic�ary or Baoeficiuy'� a�eat si otwru�y ia fsct to do the
<br /> tt►i�gs noodwrY to c�P1Y with thi�tocdon.
<br /> 24.JOIIVT AND INDIVIDUAL LIABILITY;C0.SIGNERS: SUCCF.SSORS AND ASSIGNS li0[JND. All darka un�3a
<br /> thii Dad of'lf'n�t ue joint�ud individual.If Tnutor signa thia Deed of Ttust but doa noc ti�a the Bvideace of Deb�,
<br /> Tnutor doa�o aaly to m�rtsare Tnutor'�interat in the PmpertY w �ewre p�ymeat of tbe Saurod Debt �od Ttustor
<br /> dc�not�gree co be petaonally liable an[he Secured Debt. Trustor agras that Beneficiuy and wY puty to thla Doed of
<br /> Trust mry extend, modify or m�ico any chu►Be �n the ternu of thia Deed of Trust or tLe Evide�ct of Debt without
<br /> Truator'e conse»t.Such a chanBe will not nieax Trustor from the ternis of this Doed of Truet.7Le dutiea and beaefits of
<br /> thie i?ad of Trnat eh�ll bind�nd baoefit the siuxeseocs md muigna of'I'tuator�d Hw�ficiuy.
<br /> If t}�is Deed of Tcust ucun:a�Buuu�tY betwe��ficluy uxl Tn�ator aud doa not dirxtlY aaure the obiiguion which
<br /> is guanntied. Tnutor�gaea to waive�ny righW that m�y preren�Ba�ficiary from brip�ing u�y action or cl�im�aimt
<br /> Trustor or�ny ptcty indebted unda the obliguion including,buc not limited to,�nti-deficiency or one-�ction laws..
<br /> 2S,f►PPLICABLE LAW; SEVERABII.1TYi 1NI'ERPRETATION. '[7►ie Dced of Truat ta goveroed"oy me iawa oi ia
<br /> juri�diction in which Beneficiary ie loeual,excxpt to the exunt�Nherwiee requirod by the lawz of the jurisdiction where
<br /> the Ptoperty ia located. 'Ihis Deed of Tnut is complete u�d fully integr�ted.'il►is Doed of Ttust may not be�a
<br /> modifled by or�l agramec►t. Any seccion or clause in this Tked of Tcust, attachmarts�or smY�Bc�o�a�t reluod to the
<br /> Secured Debt tLxt oonfl{cta with a�pplicable law will not be effective, unlaa thst l�w expreasly or impliediy pecimts the
<br /> vari�tlons by wdtten�greement. If anY secdon or clauae of thia Deed of Trust cannot be er►foroed a000Niag ro ita tame,
<br /> thu saxion or Glwse wip be severai and wi11 not affect the eafonx�bility of the remainder of thia Deod of Tnut.
<br /> Wht�xver uaed,the aingulu sh�ll include tLe plural nnd the plut�l the singular.'t�e captions and headings of t6e aectiom
<br /> of thia Doed of Trsst are for convenience only and are not to be used t�interpret or defux the termu of tYi�Dned�i�'nut•
<br /> Time is of the eaacace eu tlus Dad of Tnist, � p.y.6 0�s
<br /> tl 1�!,Wk�I6yN�,Ine..St.CbuO,AM111•!00•397.23411 Fam AGICO-DT�NE 70/JOH7
<br />
|