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<br /> � �` � L. Nat�witbsta�ng���'�����Deed of Ttnst W dce w�acy,the tecros of tbis se�xioa sha11� � .'`:� ; .
<br /> . �- , avrvive any fo�los�e or sattafact�on of tfi�s DeEd of ltust cegaz�es�of anY P�Be of titIe oQ Beaef�slaiy or anq `T:-�°u��:� :
<br /> - - :�- -.-= d�a 6Y B�efi�Y of aay or all af tbe Pnnperty.A�►claims aad d e f e n s e s W t t t�e oa�ivasy aze h e c e b y w a i v e d. =�' --
<br /> ` � ?A.CONDEiVIlVTATION.T�ustor will give Bffieficiary pmmpt aotfce of any asRtan,real or threaz�cl,h3►Prh+ate or public ` �_=�..:�:�;`�', ��'2�`
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<br /> � .� � entities to pu�hase or take any or atl of the Property.inctuding aay rasements.throng6 wndemnatian,emiaeat domain, ' . � <
<br /> ' � '.:"� as saq ather meaas.T�nstor fiu4her agr�r�s m notify�►of aay Pmoeedi�gs insa�d for the estahlish�nt of aay
<br /> .� .F` 4 sevya,�r,oonse�vation,diu�,drainage,or other disb�ct mtating 0�or bmd'mg upon Hie Pioperty ar any part af it .'�
<br /> ' Tn�swr antho�Zes B�larq to intevene m'hustor's aatue ia a�of the abov�e d�ed acHans or claims aad to collax ,�:.
<br /> � �'""�� aad rereive all avms�esaiting from the aqion or c�aim.Tivstor affiigns w Beaetciary dte proceeds of aay award or c�anm ' .-
<br /> _ y` � for da�co�d with s c�ndenmation or ott�faking af atl ar anp pa�t o€the Prog�Ey. Such pmceeds sball he ' - « -
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<br /> `� considered payments aad w�!be applied as piovtded in this Deeal of Tn�st.�is a�sig�at of pmceeds is subjeat tfl the �. -��
<br />_ '� . � „ t�s of aaq prlor secaiity agreement. • .. '� �
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<br /> �. .= 2I.INSURANCL.Trust�agtees w ma�tain insuiaaoe as folluws• ` "
<br />_�_��_�__._'__._.,,�; A. T4usror shall keEp.the Propeny�nsuied against toss by fue,theR aad ot9es hazaids and cisks reasonably assodated - � `_ - --
<br /> . ' - with the YmpettY dne W its type aad Iacasioa.Other 6�ards aad ms�s may inctade.for example,caveiage agaiast ;�-
<br /> ,` - ` . ':,` Ioss due w 8flods or IIooding. Tbis �ce ahaII be ma�ined m the amounts and for the perloda thai _ --
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<br /> ` ' � Benefccfar9 reqoi�e.s. The insu�ance c�niet pmvidiag the iasaranoe shall be clwsen by 1'ruscor sabject to '� ,�-..
<br /> � � Benefcciaty's:appmval, wh�cD shall not be uatea�onably withlieid. If Tiastor fails to maintain the coveiage '_. :�
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<br /> � _ ` d�cai6ed above. Senefcc�azY�aY, at Beneficiaiq's aption,.obtaia oove�age to pmter.t Beneficiazy►'s rights ia the � ,�, ._� ._ ,
<br /> . . -` pmperty a000rding w the terms of this Deed of Tnist.
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<br /> All insutunce poltcfes and mnewals shall be ax�table w Bsne�ciary and sbaU iadade a st�dsrd ���
<br /> � ��ti. etause^ and, where applIs�b2e, °beneSctazy.loss payee clanse." ZSrustor shaD immedietely aorify Benefictary►of
<br /> � • ,,�;� canceilatian or tezminabion of the Insasaace.Eene�aary sbalt have ttie right ta hoId the potIcies and zenewals. If •• � �, _
<br /> ,�- reqnires. Trustos shaII �di�ly gf►ve w Beaeficiary aU �eaetpis of patd pnemiwns.and re�ewal { `� _'
<br /> '-. , .':'�. noti�pon toss.Trastor sflalI give iaomediate notioe oo the imvranee c�s ead Bffieficiary.Be�eSciaz9 maY ;�3 :._...:_
<br /> �•� ' �aice proof of loss if not made I�aediately by Tmswr, � � .
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<br /> � Unless Beneficiat�►and'IYustor othe�wise agcee ia wrIting,msmanee pmcxe�s ehall be spplied to raw�atioa or � ;. �`�g
<br /> • �r>:�.��-� � repair of tlie PcoperC9 damaged if the testotatian or�air ia eeoaomicaliy feas�le aud Bene�ciary's ser�ity is not ' _ _ -�_,
<br />' � � � ��, lesseaed.If the restoration or repair is not eoo��iy feasiblc or Benefidary'e sex�arItq wanld be lessened,tfle ,�:
<br /> - - insarance precxeds shall be agplied to the Secured De�t,wh�her or nai the,a due.with aay excess paid to TrasWr. —
<br /> If 7'niswr abamdans the Pmperty.ar daes not aaswer�►IWin 30 days a nntIce fmm Heue�ciaiq that the insnr�tce ; . . _�
<br /> . . � �. . . cauier has offered w seute a claim,then Beneficiary may colleet the insvrance pmceeds.Beneflciary'maY use the :.",�'�� --
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<br /> pnoc�eAs to r�pair or r�wre the property ar to pay the Secuced Debt wh�ther or not then dne.The 30day per�od � -
<br /> r , ` . wiil begiu when the nnsice is�iven. � L'`" - -
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<br /> • • Un3ess�enefciary and Trustor ntherwise agtee in�vrIting,anY$PP��ion of pYOOceds to pzlncipal sball nnt e�end ;,.:..:�;-;�
<br /> , � � or postpone the dae dase of schecluted paymenta or cL�ge the amount of the paymeuts.lf the Praperty is aa�ineA -' _ --
<br /> ; . '� - by B�eSciary:TiusWr's�ight w any instaance pallcies and proceeds resuIting fmm damage w the PtopenY befoie . ---
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<br /> , ,ti: : - the acqu�sition a�al1 pasa w Benefieiary cn the exteat of the Semred Debt im�nediatetq before t1�acquis�ion. ,'.=--
<br /> . � . ,. ,.< B. 1Yostor agrces w maintaia comprehensive genera:liability fisurance aaming Bene6�as aa additional insured in . , . '.�,e_
<br /> an maount acceptable w BeneficIary.9nsuring agamst c�aims arlSing fmm any acc[deat or accuerence in or on the �, , ;: �,,�;--
<br /> . , . . C. Tmstor agcees to maintain r�tal toss or bnsmess intenuptton insurance.as requ�red by Beasfclary,Ia an aaso�mt - ��� ,;�:L=-
<br /> . . ecNal to at least coverage of ane year's debt service.aad requir�d escrow account deposits(if agreed ta seP�ZY . � . __-_
<br /> . in wrIting).uader a form of policy acceptable w Beneficiacy. -
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<br /> �-;- � .. .• . . zz.No F�eROw�oR TA7�s ANn axsuRANC�.vnless otheswise proviaed in a separate�ent,7'ivswr wi11 ao: ' -
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<br /> =y .. � . . - • be required to pay w Henefcclaiy fuads for taxes and iawuance in eECrow. � . °<�-_ --
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<br /> . � ' 23.FII�T4IN�IAL 1tEPORTS AND ADDTI'IONAL DOCUMEI�ITS.Tiustar w1U provide to BeuefccituY upon recNest,a�y �..,'" ' �
<br /> . � financial stateaneAt or informatioa�eneficiaiy may doem neoessary. 'I�ustor warraats that all finaadai stateme�ts and - ��:�::=:��,.-.-
<br /> . . informatioa Trustos provld� W Beneficlary are. or wI11 be. acauate� cosect. and comPlete. TtasWr agrees W s�$n, _
<br /> . deliver, and fite as$eneficlary may reasonably request any addidonal docvments or ceroificabtans that Beneficlary may • ' �: �
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<br /> . , aonsider necessary to perfect,contiaue.and preserve Trusstor's obltgations nnder this Deed of 7Yust and Beneficiary's lien . .---�- • �
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<br /> status on the Aroperty.If Trustor faila to do so.Eenoficiary may sign,deliver,aud fiIe such documents or certifc�tes in
<br /> : ' � � Trustor's name and Trustor hereby itrevacab3y appo3nts Bene�ciary or BeaeBciary's ageat as attomey in fact w do the �. .
<br /> : " ' - things necessary W wmply with this section.
<br /> . . ?A.SOII�AND INDNIDUAL LfAIIIL1TY;C0.SIGNERS;SUCCESSORS AND ASSIGNS BOUND.All dnttes under . �" -
<br /> • , ' this�of Tiust are joint and iadlvidual. If Trustor s�gns tlils Deed of Tiust but does aot sign ttte Evldence of Debt, . � .
<br /> , � �. Trustor daes so oNy w mortgage 1�ustor's interest in tite Prnperry to secure payment of the Secvred Debt and'iYustor ,�. . .�, '�
<br /> • . � does not agcee to be personally liable oa the Sewmxl Debt.7Yustor agree�that Beneficlary aad any party to this Doed of . .
<br /> �. Tnut may extenG, modify or make aay chaage�the terms of this Deed of Trust or the Evtdeace of Debt wirha� .
<br /> � Tiustor's cons�t.Such a change will not release Tn�stor from the terms of this Deed of'Pnut.The duties and benefits of � �• • '
<br /> .. . , • this Deed of Tmsc shall bind sud benefit the successors and asslgns of Trustor and BeneRciary. . , .
<br /> `���.' ' If this Deed of Tn�st secures a guaraaty betcveen BeneRciary and Tn�sior and does not direcdy secure the obligattoa which �- � � .. �
<br /> � � . is guaranded.Tn�stor agree.s w wa�ve any rights that may prevent Beaefciary from bringiag aay actlon or claim ag�iast
<br /> , Trustor or any party indebted under the obligadon including,but not limited to.anti-deFclency or oae-action laws. �
<br /> 25.APPLICABLE LAW; StEi►ERABILT�'Y; IIVTERPItETATiON. 7i�is Deed oY Trust is govemed by the lawa of the �� , _
<br /> � jurisdiction in which Beaeflciary is tocated.eacept to the extent otherwise required by the laws of the jurlsdiction where .
<br /> . , the Praperty is located. 79�is Oced of Tn�st is comp2ete aad fn11y integrated.T63s Deed of Tn�st may not be amended or . : �
<br /> • • � modiffed by oral agreement. Any secrion or clause in this Deed of Trust, artas�+.�p*+ts,or any agreement related to the •
<br /> Secured Debt that oonflicts withapplicable law wi11 aot 6e effecdve. uniess that law expressly or impliedly permits the ' " �
<br /> ;T '�. , varlations by written agteement. If any section or ctause of this Deed of Tiust cannot be enforced ascording to its teims, . � �
<br /> ' tf2at s�tion or clause aill be severed aad will aot affect the enfomxabllity of the remainder of this Deed of�nist. . �
<br /> � Whenever used,the singular shall inclade the pinral and the plural the slagular.The capdons and headings of We sections .
<br /> ___ : . �� of this Dced of Trust ue for convenieace only and are not to be used to inteipret or define the temos og tD38 O�qf}Ttust. _ __.._._
<br /> . . � Time is of the essence in this Deed of Tn+st. cago s oi s •
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