|
r��.�-.r�� _i .:z . _ _r--:.'-` tr"
<br /> c �
<br /> .,. ., .. , , . - c. _�.� . . . . : ..-�.r 4�.; �i.�9 _.+r--'G":_ _ `e _-c. -
<br /> t c. - `_.._.__ - . _ . o.__ -.s . < - -�-�- - � _ _.- _f. - �r.- t� c.-
<br /> � f � �•�r� � t •7- �•�-'r � ° r}' S 'M°
<br /> �_--�.•^.-`' �,t c� _<< - o ��->i..C-.- ' 3 .�-� "r�"`-_-c�„•;,� 4 _ � `�.<' .y` ' r. �.,Cy _ .
<br /> �<.. ..0 � :a•= - ' ':i --+-� ,4� < .
<br /> '.t ` �f..� ' , � � � , � .�,-
<br /> . r: Y��:.,1..�.
<br /> :.�l.
<br /> � +f` t,l?' • • . . ' ' . .
<br /> ��i� ' . .. ��'����� � ` .
<br /> or absa�ete,�vIded t8at sarL.D���F�Y,�?�P��'itD other pezsonal pmp�rty at least e�qaat in value e�the ,�```,'`; ; ° ,
<br /> F..�� � `:�� � seplaced pa�sanal prope�ty. frae fmm aay E�tIe raeatioD ��c�iag�e�t or other eaaimb�aaoe. Snch �"'�,��.;Q,�<.;�.
<br /> �` � � reptac�t oY petsonat P�P�Y will be deemed snb�oct W the bp tbis Deed of Trnst.7�rtirs0or d�atl �;"�� .: .
<br /> , �U` � ` nnt panIdon`or su�divi�e t�Pmpe�tY wltP�ut Hmeffc3azY�s prlor vniuen consent. BeeeF�cia:y ar BeneSdary`a ag� •.�.;�. � ��`: ``
<br /> . � ,� si e t i o a,e n t�r t h e a t t e a s o n a b I s t�m e f o r t h e'p i u p o s e o f l a s p e c�i n g t h e Fm��A a Y . _ .
<br /> �. may. BeneSciarY' uP �P�F ffiY `' <
<br /> ' inspectiaa of the P�operty�hall 6e entirely far BeneScfary's benefit aad T�toT afil in no way rely on 8 e � - f°� -
<br /> ,, b�
<br /> - ,. � � � . �� . ' �° �*�
<br /> . �� , , :;` ° ,• 13.ATPI'SOffiTY TO FE�TO@M.If Trustor faita ta perform auy of Tiustos's dnt�s�mder this De�d of Trnst,or at►Y ather - _:--�`' .
<br /> �« mastgage.dee�of tmst,sec�it�►a�Cee�nt or ather Ileu doamt�nt that has prtoriry aver th�s Dad of Tmst,B�neSclaty „
<br /> ` eu
<br /> , �—�- may,�i�mut�,p�fo�We d�ttes or cans�them to be peefom�d.'['aastnr apgoinrs B�ne�c9a�►�s ottamey i�fast w _
<br /> � .., � '
<br /> -- siga Tso�e„�'s na�or paY aaY aa�unt meeessary for perfa�ace.If aay coast�ns�on an Ne Property is discoatuined os f ' . { :
<br /> aot cani�on m a reasoaable manner.BEaeficIa:g may do whatever is neoessmq to pmte�B�eficiary's sea�Y� ; ,
<br /> ; , .. , ,�` m ttie p�:•opeity,T6is may inc2ude�leting the vonsuac�oa. � � �° � ` r'F' _
<br /> � ;, ��.� �
<br /> �.:°s�� � F ..
<br /> � h�..
<br /> ,`�. � , 8eneficiacy,s rtght to pee��omm for�'tustar s}caU aut creane�n obligation to peafomi,and Benefic�ac5►'s failtue w perfamn � �� /$.��._:
<br /> �? :' w�i aot prednde Be�eficiery fmm ex�cis�ng as►Y uf Be�efidaig°s other rights tmder the ilaw or thia fleed of Tc�st.Aust � : � Y.=
<br /> = amoun�paid bq B�Sciary far �8, P�en+ing.or oth�wtse pmiec�n�the Fmgert�t.and BeneficIary'B ser�ritY •� _
<br /> �n rteces�t�1 i�e dne on'�nII a�vtW�ear�ec�t�mrr Qate o�Qtc pap�.Qi QQat pa�a m�u a�m�-i�c r�c� . 4,.�� '_ _
<br /> ^� eff�t fmm timeto time aaording tothe tx�s of t�e�vldeuce of Ddn. ' � . . �T
<br /> � f t
<br /> . `�,.�,.=Et':� 14.ASSIG1Vi1+ffi�'�AF I.�ASE�Al�II1 REI�S'I�Trnawr iaeva�b�y gamts.oouveys aad se11s as additianal saurity all the ---
<br /> , _. ;s mgtit,titl�aad iutereat,in and w aay and all: . �
<br /> `<, ;'��'?': `:„ A. Existing or-iluto�e leasea.sableases.3ioeoses.g��es and anp¢t8er wr�tteu a:vecbal agrcemen�s far the nse oad , . `. °.
<br />- .. .�<'. occupaacy of any po�tion of the Pcopertp, inctuding aaY ex�sEons, renewats,madifcatians os substitutfans af �:�' u.,
<br /> ` sach agre�enls(al1 ref�w as"Leases"?. ` ' � ',�x�
<br /> �.. B. Rez�.iss�aad pm8ta.(all�efeaed w as°Reats"j,iACluding but ant limited w secar�ty deposiss,mi�mir�reat. ; �__
<br /> e�nt� reat. addit�onal r�t, wmmaa aiea ma3ate�oe ci�atg�s. Parkiag ci�ar&es, real estate taxea. dt� < .9--
<br /> p fu�ble taxes.ins�ance pm�i�oonuilmtions,li4aida�d d�mag�a fottowtag defaatt,�nceliaaon Prem�s, ; ��`.
<br /> �` �ass of ients"insuran�e�zevena�,myaltfes�pmc�rds.'hom�.ses.and sU rights and cla�as ahich Tcustor may ltave -
<br /> , .� ent
<br /> that in aay way pe:tains to o:is on acoonut of the nse or oearpancy o f t IIe w h o le os any p a n o f t he P r o p�r r t y. � : r .�;;,.�
<br /> r ',`� � Be�eBciaTy a+ith t�nnie au�l comect coPies of alt ex3sttag aad�e Lwses.'�Sror map : '�
<br /> �Trostor tv�l P��Y P�� e e ie .
<br /> � � : : o oll e r x.�eceive.�j o y aad nse�e Rears so lon g as 7Yussor is nat in d�fnulL ZYnstor will nnt collect in adv�ce any�nts � _ _
<br /> - � ' due fin futune Iease perInds,unless Ttustor fust obt�ns Beaefccia�y►'s written oonsen�Qpon�1 t,T r u s w r w j l l r e c e i v e ,. ��, :`•—y, -,�,�,
<br /> <�:... . � �",�,� � any Rems in uust for Beaefrcla�y and Traswr wiU not c�g1e the R�ats with aay other fmids.Auy anammts eoltec�i . ��-"t �:
<br /> 4. ; :sT�all be appHed at Beaeficiarp's discretlon w payments aa the Sec�Debt as thaeia pravide�l.w cost�of managbng die �=-----
<br /> � ' Praperty;i�tuding.but nr�t timited m. aU taxes; ass�sments. �premiums. rePalis. and eomm�ions tq rental • , ,r..; ..�_';;�..
<br /> . '� - � ' age�s,aIIC3 to aay o�er n�ry relsted expenses Includin$8e,ae8dacy's suomeqs'fe�s,.paraiegal fges end oa�nrt casts. ' �--
<br /> ` . Tc�swr acl�owtectges thnt t�his assi�me�is perfe�opan tt�r�g of this Deed oY.T�ost aad thst��dary is : � -
<br /> �_,
<br /> - � �t i t l�d t o n a ti f y a�r of�'=uswr's tenants_w make�y m e n t af mata dne or to h�m�dne w Beae�cL�y. fiowa�er, � ,� , __--
<br /> �� • �ene�ciary agre�a that oniy on defauit wW Beaeirl�ary nodf�y Tiustor aad'€�SStn:'s teaauts and make demand that.aU �.-��.�.,�: •."�
<br /> � . •.� fupue Rents be Daid directiy w BeneSdary. On receiviug ths notice of defaolt, Tmstor w�l endorse and deliver to -��» _
<br /> . q Benef darq aaY paymensa of Rent m Tiastar's passesslon. �� ���-`
<br />_.. ,. • .. • f : •�4k{:-�;_i.�'�'
<br /> . Tnistoi cavenants that no defantt e�ists ander the Lxases or say appltcable laa�o:d law.TmsWr also covenants aad egteea •;. -�_--��
<br />- - .-�- . . '" -- � to ma'�2r�t4 rP.qtiite the tenanta to campiy wIth.the Leases and apy apnllc�h2e taw.Tmstor wlll P���Y��Y '�—��.�':�--
<br /> —`'�:" Henefn�Iary of aay noncampliaace.If TtusWr negZecta or refns�to eaforce oompliancewitb the tezms�oY tbe LeaPes,thea .. �-,-; -�
<br /> i, . 'i, Benefielary may. at Bee.eficiary's optlon. enforce compliance. Tn�stor wt11 �►*�..aiu Ber.�fretaiy's wriuea aWttorizadan �, -�-��
<br /> �: : � before 7'ruswr cunseats w sabtet. madify,caacel,ar othetwIse alec�r the Leasea W aooept the snnender of the Propert�i � . - -
<br /> eov�ed by sach Leasw fuaIess the L�:�rs so require).or W assi�,compromise or enc�m�ber We I.eFSes or any fatur�. � — __-
<br /> �� .:,-,;.: � � Rents. Trustor wID hol4 Bene&cfaiY harmteas and indemaify Senefldary for 2.ny and all liability. loss or da�age that -- --__
<br /> . Y L-�,
<br /> z_ •�;°.� ,�, �..;: 8eaeficlaiy may inau as a ooaseqaence of the assignment aader thia sectiaa. . , - __ ��
<br /> if; � , ,.' ' . �,�.-
<br /> `� lS.CONDpND�I�iJMS;PLANNm UD11ET DLfVELOPN�l7'8. If the Property inclndes a n�it in a condomini�ma ar a �_,��;
<br /> -�` ,: . ;.`t. • planaed rmit deve2opment.Trnswr w��erPo:m all of Tnistor's datt�uader the aovenants,tsy-gaws,or Yegulations of� :' '���•?��-: ..:
<br /> r� . . . . � condomiuium or planaed aait develop�en� . : . . ,
<br /> : .. . ,. c; .. ., .,. .,. -
<br /> Lt�.DEFAULT.Trastor will 6e in default if any of the fe,Iiowing aocar: • •��,�;;.
<br /> , ' �
<br /> A. My party obllgated on the Secured Debt fails r.�make payment when dne; `h"�`-�.°�--,�-
<br /> ,` . •. �. B. A breacb of aay term ar coveaant�n thls De�af Ttust.any prtar mortgage or any consuaetion toaa agc�ae�a„ �� �
<br /> � :f� . . ' ',. s�ariry agre�ment os any other dowmeat evidenciag, gamantyinS+securing or oWerarlse relatIng to the Secure�! . ••. ,.
<br /> ..� Debt;
<br /> . � � � C. 'Ihe ma]cing or fluaishing of eay verbal or arltten rep:esentetlo,n,atatea�ent ar warranty to Beaeflc3aiy tl�at is faLse ` '
<br /> or iacorrect�n any c�atedal respe�x by TnLSta:os any person or eatity obligated on the Secured Debt;
<br /> �'� ' " ! D. 'Ihe death, dlssolufion�appoinmient of a receiver far, or appllcation of any debtos relief law w,7Yustor or any � '
<br /> ;Y�.�, . � ' � persaa or endty obllgated on the SeaueA Debt; . � .,
<br />. . E. A.good faith Lelief by Beneflcaary at a�r dme that Be°"efrciary ia insecure w3th resp�eri to any p�rson or eatity . - _;
<br />
|