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<br /> ' 3. Contlruetlon of Improv�m�nt�, Trwtor�h�ll compl�te In pood md workmonllk�m�nner�ny bulidlnps,Improv�m�nt�,
<br /> or r�p�in nl�tlnp lh�nto whlch may b�b�pun on th�7rust Prop�rty ar cont�mpl�t�d py th�loan�vldencad by lh•
<br /> Natt��cur�d h�r�by,to p�y wh�n du�NI co�ts md Il�blllti��Incurr�d th�rNon,�nd not to a�rmit�ny conctiuction
<br /> Il�n�p�ln�t th�Tru�t Prop�rty. in th�ev�nt comtructlan olbulldlnps, Imprpvsm�nts,or rapalrs are cont�mplat�d,
<br /> Tru�lor�I�o apr���, �nythlnp In thl� D��d of Tru�t to ths conirary notwlthst�ndlnp; (a)to promptly comm�nce �ny
<br /> �uch wark�nd to cqmpl�t� th• propo��d Improwm�nt�pramptiy,(b) to complst�lh� ��ms In accordmc�wlth the
<br /> plan��nd�p�clfla�t!ons���pprov�d by B�n�flcl�ry, (c)to comply wlih �II th�t�rm�of a bulldinp loan apresmenl,If
<br /> any, betw��n Tru�lor and B�n�ficl�ry, Ih�t�rm�of whlch u� Incorpont�d h�reln by rei�rence �nd mrde a p�rt
<br /> h�nof�(d)b�NOw BNMlldlwy bo kwl{�Ct IFN Tnul Ptop�rty�t�II tlmw durMip cauVuc�on,md(�l b naace�ny wak a m�teri�l�
<br /> unWtl�faCtay to B�11dary wllhin flfta�n (16) d�yl �ri�r wrltun no11c� from B�n�ficl�ry of�uch (�ct.
<br /> �. F�indn for Peymen!of Chnrpea. 9��hJect to eppllcable law orlo a written xralver 6y B�neficlary, Truator ehall pny t�
<br /> B�n�ficl�ry on th�flnt d�y of��ch month,or�uch oth�r dsU�ach month �i m�y b��p�clfl�d by B�n�flcl�ry, until
<br /> th• Ind�bbdn��� Ir p�id In full, 7� •um (h�r�lnl�fter c�llsd th• 'Fund�') �qu�l l0 1/12th ot th� yaarly tax�s �nd
<br /> ����t�m�nt�which m�y�ttrin priority owr lhla D��d of Tru�l and pround r�nti on th�Trwt Property,If any, plus
<br /> 1l12th o(th� ya�rly pr�mlum In�tallm�nt� for h�zard Inwrana. plus 1112th of th� y��rly pnmlum in�t�llm�nts lor
<br /> mortprp�Inaur�ne�,If�ny, �II a�nason�bly��tlm�t�d InitlUly and from Ilm�to tlme by B�n�flcl�ry on the b�si�of
<br /> •spaim�nt��nd blll�and n��on�bl���tim�tst th�nof. Th�Funda sh�ll b�h�ld In an In�tltutlon, the depoNta or
<br /> •ccount�ef whlch �n In�und or quarant��d 6y e i�d�ral or ttate�qency Includlnp B�nNicl�ry, B�noflciary ahUl
<br /> apply th� Fund� to p�y lh� t�x�s, �ss���m�nb,Insur�nce pnmium�, �nd pround rent�. Bnnaflcluy�hail not bs
<br /> rsqulnd to pay Trustor�ny int�n�t or��rninps on th�Fund�, 6m�flclery �h�ll pive to Trwtor,withoul chupe,�n
<br /> annu�l�ccountinp o}tho Fund��howlnp cr�dit��nd d�blts to the Fund�ond Ih� purpo��for which��ch dabit to Ihs
<br /> Funds w�s mad�. Th�Fund��n pl�dpad�a additlon�l a�curity (w ths Indebtedn��s aecured by thls Dsed of Trwt.
<br /> If th��mount ot th�Fund�hNd by B�n�flclsry,top�th�r with Ih� Tutun monthly Initalim�nts o}Fundi pay�bls prior ta
<br /> th�du�d�te�of tax��,aa�t�m�nb,Inwrancs pnmlums and pround r�rt�, th�ll�xc��d ths�mount r�qulnd to p�y
<br /> th�taxa,as��rsm�nb, Insur�nc�pr�mlum�, and qround �Mla u th�y Idl due,�uch�xc���ah�ll b�,�t Trustor's
<br /> optlon,dth�r prompUy np�ld to Trustw or cnditsd to Trusfor�p�ln�t futur�monfhly Installmant�of Funds. I!th�
<br /> amount of th�Funds h�ld by B�n�itclary shall not bo�utflcl�nl ta pay tax�s,oss�ssmants,Insuranc�premiums �nd
<br /> pround nnts��th�y lall du�,Trustor sh�ll p�y to B�n�flclary iny�mount n�asiary to mak�up ths d�ficlsncy within
<br /> thirty daya hom th�dtt�notlu Is mall�d by B�n�flciary to Trurtor nqu�rilnp paym�nt ih�raof. Upon p�ym�nt in full
<br /> of ali Ind�badneat,Bsn�tlGary�h�ll promptly nlund to Truila any Fund�held by Beneilciary. If the 7rust Prop�rty
<br /> i� sold und�r th� pow�r of a�l�or th�Truit Prop�rty I�oth�nvis��cqulnd by Ben�ficl�ry,9�n�ficlary�hall apply,
<br /> Imm�di�Nly prlor to th�al�ot Ih�Trust Propsrty or It��cquqition by Bmeflciary,�ny Fund�h�ld by B�neficlary�t
<br /> th�Um�of�ppllcatlan a� a endit�palnit ths Indsblednsai. If B�nsficl�ry�xecut�s a wrltten walv�r of Trustor's
<br /> obllp�tiont und�r lhl� parapr,�p11 4, Trustor covm�nb�nd �prsa to p�y, b�fo��th�y b�con� dsllnqwnt,�A taxes,
<br /> as�um�nb, kiwrana pnmlurr��G►a+nd ronte,srx;NI otl�duipss whafsavsr I�vi�►d upon a atsatW� P��.a m�de
<br /> �p�MSt IM T1ust PfopNly. Truslor furtlnr spr�sM,upon vMtlMl roQuMt bY 9�nMdwY,0o Pra�PtlY tkMiwr q B�r�lldary aM rro�ipts
<br /> tor Ihs p�ym�nt of wch chupes. Trtutor Iik�wiae prNi b psy NI tix�s. a�YSS�manb.and ofher cMrqsa Nvlsd upon or
<br /> �s�d,W+ad,a m�dY�0�►�t�or mMwrod by�tlN�D�ed of Tnat a tl»noond�tlon Mnof.
<br /> 5. AppllcaUon of Paym�nts. All paym�nb ncNved by Bm�flC11ry a�s to�ny d�bt,Ilabllity,or qbliflatlon owrd to Bsn�fl-
<br /> eiory by Trustor may b�appll�d by B�n�flel�ry to the p�ymenlof th�Ind�btedn�s�or to�ny�uch oth�r debt,Ilabllity
<br /> Gi uul{yMUw�.=ii Mi�y 'vii�ii Gi iTi���i�i vi iyyiiuMii'vi�iiiiuii �iiiiiiiciiiji, �P�iii SV�VIYI��I�NI�ZIWI��iiiTii ij'iMiir'y„iie.
<br /> Unl�ss olh�rwite d�ct�d by B�n�flcl�ry,any sueh paymsnt �hUl M d��rt�d appll�d firot to th�paym�nt of�ny d�bt,
<br /> II�bllity a oblfp�Gon oth�r th�n th�Not�,
<br /> 8. Ch�rp�a;Li�nt. Tru�tor will ke�p th�Truat Prop�rty fn�from�II Il�ns md sncumbr�nus which In rny way may,In
<br /> th�Judpm�nt af 6enMcl�ry, h�w prionty ov�r, a Imp�lr th�s�eurlty of, thl� D��d of Trwt but Truftor n��d nof
<br /> discharp��ny auch Il�n so tonp as Truitor shall sprt�,In wr(tinp, ta pay th�obllpatlon aeeured by the Il�n In a mann�r
<br /> •cuptabi�to B�n�fldary snG sh�ll in pood t�lth contstt ihe Il�n by�pproprlat�I�pd proceedinps�H�ctlw to pr�v�nt
<br /> the�nforc�msnt of th� Il�n and th�loi�of sny Inl�►e�t fn or p�rt of th�Trust Prop�rty.
<br /> 7. Hazard Insuranu. Tru�tor shall k��p th�bulldfnpt and aih�r lmprov�m�nts now�xlstinp or h�r��fl�r�ncbd o�the
<br /> Tru�t Prop�Ny InsurW by inwrana carrl�r��atlifactory to 8�n�fiG�ry�paln�t lou by flre,hazard�Includ�d In th�
<br /> t�rm'�xt�nd�d coverap�'and such oth�r h�zsrd�,aawaltlei,a�d continp�ncl�s�a may b�rsquir�d by B�nefiG�ry,
<br /> in wch�mounu�nd for tueh p�rlods as may b�rsqulnd by g�n�fiGary. Th� policy ot Iniurana shall b�In form
<br /> �captabl� to B�n�HG�ry, provid�th�t It may nol b�c�nc�INd a modiA�d without 1b d�yi prlor wrltbn notic�la
<br /> B�n�flclary,and shdl hav�lou payabls provlslom in(�vor olmd in form�cuptabN to B�n�flcisry. 1111 pr�mlums on
<br /> Inwrana polld��shall b�p�id In th�m�nn�r provid�d undH pananph 4 Mreof or, It not p�ld In rueh m�nn��,Dy
<br /> T►utt�r makiny paym�nt�t Iqst fiftean(15)dey�prior to th�du�dat�, dlr�ctly to th�In�uranc�eaM�r. B�Mflel�ry
<br /> ah�ll h�v� the rlpht to hold th� polloia snd renewalt thenat and Truitor ih�ll promptly furnish to B�n�fld�ry NI
<br /> nnwv�l notice�and �II p�ld pr�mlum rscelpt� rsc�iwd by It. In no went�h�ll B�neflel�ry or TruttN b� hNd
<br /> nsponNbl�for fallun to pay Insur�nc�pnmlum�or fo�any loss or dam�p��rlainp ou!oi a d�f�et In�ny polloy or �� •
<br /> rNtin9 out ot sny hllun ot any Insurance comp�ny to p�y fa any loas or d�map�inaured apain�t or for i�llur�by
<br /> Tru�tor ta�ff�ct ths Insur�nes r�quind h�reund�r. In ths evenl oi lor�, Trustor shall pive prompt nolie�by mail to Ihe
<br /> In�ur�na carri�r�nd B�neilelary. B�n�flG�ry m�y m�k� proof of los�If �ot m�d� prompfly or In prop�r forrt►bY
<br /> Trwtor. All polici��of Insuranc�and�ny�nd all r�fundi oi un�am�d pnmium�ar�h�nby asslyned to BanNlcl�ty
<br /> as�dditlon�l eeourity for the payment of th� Indlbt�dn��s. In th� �v�nt of Ban�tiG�ry'n�z�rcb�o(th� pow�r of
<br /> ��I�contaln�d h�nin, or In the sv�nt of fonclo�urs,�II rlyhl,tlll�, �nd int�n�t ot Tru�tor In�nd to any iniur�nc�
<br /> polcy fh�n In forc��h�ll paat to th� purchu�r�t the truslN's/�t• or fonclosurt sal�. In Ca�p Oi�ny las, th•
<br /> In�urana procNd�may,at the optlon of B�n�flG�ry,b�appll�d by Ben�ti�l�ry upon th� tnd�bt�dn�u,or my plrt
<br /> th�r�of,and In such ord�r and amount a�.B�neRcfary m�v d�termino; or th�Iniurancs proc��ds, at th� oplion of
<br /> Ben�flclary,may�ith�r b�u��d In replaclnp or re�torinp the Trust Property paftlally or totally de�troyed to a condltldn
<br /> satl�factory to BeneAclary; or the Insur�na procesd�,or any portion th�r�of, may b�nl��s�d to Trwtor. Unl��s
<br /> B�n�flGary and Tru�tor otherwls�apn� in writlnp, any�uch�pplicatlon of Insurance proa�d�shall not �xt�nd or , �
<br /> pwlpon�tht due d�ts of lhe Nots,or�ny inetallment�call�d for th�reln,or ch�np�th��mount of such In�tNlm�nb.
<br /> Ii th� Truat Prop�rty Is acqutr�d by B�n�(Iclary purswnt to IM �xorcis�of th� pow�r ot sd�or otMr br�cbw�e,all
<br /> ripht, till�, and Int�r�tt of trustor in �nd lo any Inauranc�pioaeds p�yabl� a� a nsult of d�map� to th• T�uet
<br /> Property prfor to the�al�or�cqulsltion shall pau to B�n�iiclwy and shall be�ppll�d tint to th�coits�nd�xp�n��d, '
<br /> Ineludlnp attorn�y f�u, Incurnd In collectinp sueh proc��d�,then In th�manner and In th�order provid�J h�reln. .
<br /> 8. Pnssrv�Gon and Malntenancs of 7rust Property. Trwtor xlil knp the buildinp� and ottier Improv�m�ntt now or
<br /> hsnafbr�nCt�d on lhe Trust Proparty ln pood repair�nd condltion and will not commlt or psrmit wa�te,will not aller
<br /> th�de�ipn or�tructural characbr conatltutlnp �ny Aulldinq raw or hsre�(ter srected on and constltutinp th� Trust
<br /> Property without the pfior wrltten conaent of Beneficlary, wlll not do any act or thlnp whlch would unduiy Impalr or
<br /> depreclate the value oi the Truat Property, and wlll not abandon the Trust Property. Truator wlll not remove any
<br /> flxtuna oonsdtutlnp th�Trust Propsrty unl�aa IMy are ImrrNdlAtety r�pl�d wllh Itke prop�rty,sub�ct to tl�Ibn and�curity .
<br /> Inbr»t of thls t�ed d Tnllt and oI at I�Yt�ial v� �rW utl01ry. Tru�a'wi�ort�ply wltlt all pw�nt and fuhw adYynns,
<br /> npuldiorn�ertd nqukMitente of arly pov�nrtNnlal body whith ar+e�PWiCN�N to tl�Tnut PropMy and b 1M oocAipenGy Mtd uM
<br /> tlr�rwf, If lhh Ds�d d Tnat u m+�unit In a caMomlydum a a pWr��d unit d�vNoqnsnt,7rwla�t�4 p�rTortn M af Trustors
<br /> oblip�rions wxkr ths dedaaf{�oru or oovenanb asalirp or yovsmt�p Ihs oondortrnium a the plannsd unit dewlo�xnent,lM byl�wa
<br /> suW ropul�tlons M ihe oondominium or planned uNt dwelopment,and ttt�oonstltwnt documenb.
<br /> 9. Inipectlon. �eneticlary or ite apant�may,ot all rc��on�ble Ilm�t,enbr upon the Trwt Property for th�Wurpos�of
<br /> Impsction. Beneficlary ahall have no duty to make any Inspection ond sholl not be Ilable to Trustor or to any penon
<br /> In poises�lon I}it maksa or(ails to maks any auch Inepectlon,
<br /> P�ps 2 of 6
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