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<br /> • �.Funah/or Iiy�n�nt of Chiryw• SubJ�ct to�pP����b�����'�'o�tn e wrlttin walvsr by B�nollcisry Tiustor hall psV lo B�ne!ltbiy on th�/lrat Y'r'-`-
<br /> • dsy of�ach month,or sur.h oth�r dsts esch month sa may bs apecl!!ed 6y Bonellclery,unNl rhe lndebtednsas!a psld!n/u//,�aum Ihsnlna/ta• V.�r
<br /> i . ., �`;._
<br /> caNed the'Funds'1 equsl to 1/12th o/the yearly t�xsa and us�samente whfch may Ltd�n pdo�lry 9��'Z��'fry�����p,e�u��sf dlme ta ,::,.,xF-
<br /> , the Tiust Prope�ty,U enY,plus 1/12th oi the yesrly premlum inata�lments/or hazard insura�ce,p
<br /> ' /o�ma►p�y�In9uranc�,!/rn y,All rs nisonably eaflmated!n!tl+�lly ond lrom time to tlme 6y Bonellslery on the basls of�sa��imsnta snd b/lls
<br /> • '� �nd n�sonabl�estim��N tho�oJ. The Funds shall6s he/d!n�n!nl�r�hs,funds�p y/seld texesuassessrt e1nt ainsurance n'm/umarend pround . '
<br /> � Isdsr�!or sMt��DSnoy!nc/udln p B�nellclory.Bsrteflclary aha/l�pp Y .
<br /> ients Brndlclary sh+U not be nqulred to p�y Tiustor any Interest or earnlnps on rh�Funds Bene l fc lery sh�!l ylve to Tiustor,wlthouf chnpa,en •' '
<br /> . ,} �nnuil aocountlny o/th�Funds ahowlnp`�red�t'�^�,�e�n;�°ssou sd by thl.sr0eed o1QTrus+t ll th'e amoun�o/the�Funds he/d by Ben,e1lcisrVe . ,�
<br /> Funds srs plydp�d�a�ddfNoni/s�au►!ty ,�,.`�;{`
<br /> fopsther wlth the/uture monfhly Instsllments o!Funds piWbh pdor ro th�due dstas ol taxas,essessments,lnaursnce pram7uma and pround ';����"
<br /> nnts,ahs�!exo�sd th��mount iaqul�od to poy sold Mxos,e�se�aments,fnaurenco piemiums end yround ients e1 they/sp due,such excess �,,-��`,
<br /> v���� ahal!be,�t Trwto�a opUon,��thsr promptty�epald ro Trusto►o►a�dlted to Tiustor syalnst future monthly insrolfinents of Funds.H the emounf ---
<br /> ol►h�funds hNd by Bsne/Jclary ehdl not 6e su!/!clsnt to pay tsxes,�as�asmanro,lrtaunnco prsmlcrms snd yround rsnts ss fhsy l�ll due, �f���
<br /> ,`""�``6�� Tivator sh�l/p�Y to Bens//clary eny amount nese�aary to make up the deJlciency wlthln thl�ty dsys lrom the d�ts nntice ls m+lled by 8enelJclary
<br /> s mmt 1n/ull aJe/I lndsbrodnass,Beneflciisyshall prompNy retund ro Trustor�ny Funds he/d by ���
<br /> ro Tiustor rsquosNnp paYment thn�o%Upon p Y -- -- �
<br /> � llcatlon r-.n____-_.
<br /> Bsndir.liry. H ths Tiust Woperty!s sold unUs�the powsr ol sab or ths Tivat Propsrty!a otherwlse aoqu/rsd by Bens/iclsry,B�ne11c1s�Y shall
<br /> .r� spplYlmmsdl�tely pdor to the asle af the Tiust Properfy orlts icqulsitlon by Bene/!clery,any Funds held by Benellclery at the time of epp �
<br /> ��--,-
<br /> as e credit epalnst the Indebtedness.//Benellciary executes e wiltten walv�r ol 7rustor's vbHpatlons under lhls psraynph�,Tiustor covenants `
<br /> ( and�preea fo pay,befoie the aeme bscome dellnquent,all texes,es�essments,lnsurance premiums,pround���ll�snniequ,est by Bsn,allclary,to =_---
<br /> • ` whetsoevsr levl�d upon or essesssd,placed o�mede eyalnst the Tiust Propsrty. Tiusto�/urthe�eyrees,upo
<br /> prompHy dellve�to Benellclary s//rsoelpts lor the psyment o/such charyss. Tiustor!lkewlse sy�ees to psy s1l tsxes,e�sessmsnta end other
<br /> cha►pes/evled upon o►esses.9sd,plsced oi mede epe/nst,or measured by,inls Deed ol Tiust or the recnidetlon hereof. �
<br /> `� Tiusto►may be ��
<br /> x6.AppMadlen o1 P�ym�nt+• A��Psyments received by 8ene/lclery as to eny deb4 1Jeb�'a61/!ry orl1obllgatlon,fnd an�ordelr o mbinner ol ipp/laatlon °
<br /> �_ app!!od by Beneflcl�ry ro tha payment ot the/nde6tedness or to eny such other debt, c.
<br /> whlch 8snellc/ary,!n!ts abso/ute d/saeNon,deems epproprlate. Unless atherwlse e%cted by Benel/c/ary any such payment she//De dssmed f�
<br /> applled l/rat to the peyment of ony dobt Ifebldty or obllgatlon othe�than the Note. - _
<br /> �- B.Chary�r:Ll�n+• Tiustor wi//ksep the Trust Property tree from an llens end encumbrences whlch In any wey may!n the Judyment of .�--
<br /> ; Beneflcliry,have pr/nrlty ovei or lmpalr�he secur/ty o1, thls Deed of 7rust but Trus[or need not dlscha�ye sn y auch Nsn so bny ss 7�ustor sh+ll `r�.-
<br /> „gi ayro�,!n wrlNny,�o psy the ob/lyatlon secured by such/!en!n e menner ecceptable to Benel/clary and shal/!n youd felth contest such/ien b y ----
<br /> '� epp�oprlsro/eyal proceed/nys eHective to prevent the onJorcement oi the/!en and the bss ol any/nterest in or part of the 7�ust ProPe�tY• -
<br /> 7.H�r�id/nrw�nc�• Trustor shall keep the buildinys and other Jmprovements now exisdny oi he�eafter erocted on the Tivat gop�rtY Jnsured �;-_
<br /> by lnauranc�csnlers s�tlslactory to Bene//cfary apainst loss by!lie,hizerds lncludedin tho tsrm 'extended coveiepe'sndaur.h othsr hszards, __
<br /> \ f casualHes end contlnyencles as may be requlred 6y 8ene/lclery,ovJde thet�the same may not be cence%d or modlfled wlthout�te nlcfibl dsys
<br /> pollcy ol lnsurence shall be in form ecceptedle to Benefic/ary p nmlums on _
<br /> � prJor wrJtten notJcs to 8sneficlary,and shsll ha�ovlded under psieyreph 4f horeo/or,lnot pa d!n suchtmanne�by T uf a�mskiny p�Yment et
<br /> � lnsurence pollcies shall be peld!n the manner p
<br /> __.,. ._. /eest/lJteen/1b1 days pdor ro the duo date, direcHy ro the lnsuronce canler.BenefJclary sha/!have the dyht to hold the polldos and renewds
<br /> �I thaso/ind Tiusto►sAa/!prompdy iumiyh to Esr,sftclary a.R renew+�l notices snd eH pald piem.lum receJpta rece/vBd b y lt. /n no event shal/ !!c'er
<br /> Bene/lclsry or 7�ustee be held responalble/or/eilure ro pay lnsunnce premlums or fo�any loss or demaye ana�np our oi e uafect(n�ny Fa
<br /> srislnp o�sreunderf a//n fhe evs»t ol/syc Tiustoi sha!!ylve Prompt n�otice,byama�tonthe fnsu�encor cerrlerjanrd Bens(lcliry.'t���1�Y�+sY make
<br /> requlred
<br /> proo/o!%ss!1 not mads p►omptly or Jn prope�lorm by Tiustor.All pollclea ol fnsuiance and eny end e/l rafunds oP unoerned p�emlums sre
<br /> hers6y saslynsd to Bensflclary ea addltJona!secwity lor the psyment o/the lndebtedness.In the event o/Beneficlery's exerclse af ths powsr ol
<br /> sa/e contslned here/n,or!n ths evsnt ol Ioiec%sure,ell rJyht,t!t!e and/ntereat of Tivafor!n snd to any/naursnce po0cy then!n fores ahaD pass
<br /> � to tho purchassr at ths bustee s ssle or/arec%sure se/e.Jn csse el snyloss,the lnsurance proceeds mey et the opNon o1&neflclsry,be spplled
<br /> " � by Bensllclary upon ths Indebtedness,or any part thsreoi;and Jn auch oider ead amowt es BeneAdary may determine;o�aoid lnsunnee
<br /> proc�sd�,st th�opt/on o/Bsnef/cl�ry msy olther be used fn rep/aclny o►restoriny[he Tiutt Property partla/lY or totaUY dsttroyed ro�condldon
<br /> s�tls/iotory fo 8a»/lcla/y;o�sald Insuiance proceeds,or ar,y portlon thereo%may be re%ased to Tiustor.Unlsaa B�neficfoy end Tiustor
<br /> � othen�vlss�yree!n wr/tlny,sny such sppllcatlon of insurence pinaeeds shell not sxfend or postpone the dus date of th�Nota, or sny
<br /> instellm�nts cd/�d/or th�reln,o►chanpe the emount o/such Instsllments. //the Trust Pioperty!s ecqulied by B�ndJc/sry puisuant to the
<br /> � exerc/se o/the powsr o/sale or other/oreclosme,s/l rlDht,tltle and interest ol Tiusto�ln end to eny insurence proceeds paysbfe as s�esult o/
<br /> . �.���. damiy�to ths Tiust Pioperry prlor fo the sale o�acquis!►ion shall psss ta Boneflciaiy and ahsll be applied Il�at to the costs�nd expenses,
<br /> � - lncludinp�tforney/ess,lncurred!n co/lecting such proceeds,then!n the manner and ln the order p►ovided he�e/n.
<br /> �.Pr:serva!!an_i+d klrtrtie��nce e/Trt�*��e!�+5'� Tiustor wifl keep rhe buildlnys and other improvementa now or herea�rer erocted on the �
<br /> Tivat Phoperty!n Qood repair end cnndiNon end w!//not commit or permlt weste,wiil not alter the desipn oi sMucturel chare.r.�ar r.ontlltutlnp eny
<br /> bulldinp now or horoafter erected on end constltuNnp the Trust Properry wlthout the prlo�wrJtten consent of Bensflclery.w1//not do sny act or
<br /> thlnp which would unduly lmpelr a depreclace fho velue ol the Trust Pioperry end will not ebnndon the Tiust Wopsrty. Truttor w/!f not remove
<br /> •�� any/lxturea constltutiny tha Trust Property unless the same are lmmedletely►ep/eced with/lke property sub/ect to ths/len snd sscurlry lnteisat
<br /> . o/th/s Oeed of Trust ovarnmenfel body which ere epp%tceblo tot the Tiust P operfty en'd to the occupency end/usscthsrao/.'Ht[hfs Deed of Tiust!s
<br /> . � � rsqulremenfs of eny p
<br />- creat/nprar yovsrnlnp the condominlum or[he planned unit develo�pment,�he by/aw�end,ropufetionla o/rthe ondominlumcor�p/enned unit enents
<br /> � deve%pment,and the constituent documents.
<br /> .. g,/n�p�ctlnn. Benoficlery or Its egents mey,at a/1 reesonoble times,enter upon the Tiust Piopeiry Jor the pu►pose of inspection. Berte/iclery —�-
<br /> ' , . '� shal!heva no Juty to make such inspaction end shalf not be 1ia61e to Tiusto�or to eny person!n possession if!t mekes or lai/s to make eny such �
<br /> , 3 inspection. �_
<br /> , 10.Probction of S�cviky. If 7rustor falls to perlorm any ol tho covenants and agreements contained in thls Deed ot Tiust, ar if any ectlon or �`.`�
<br /> �'
<br /> procoedJnp is cammenced whlch does or may edversely eNect the Tiust Pioperty or thv lnferes�of 7rusto►or Benellclery Iheieln or the Ntle ol i„__
<br /> • Trusror thoreto,then BeneNciery,at its optlon,may perlorm such covensnts end agreements,mnke such appearences,de%nd ageinst end , .-
<br /> InvosUgate such ocNon or proceoding end tako such other actlon es Benellclary dsems necessery to protect!ts/nterest lncludiny,but notursuant
<br /> to,disbursement o/ressonablo attorney fees and entry upon the Tiust Property to meke repairs.Any emounfs disbwsed by Bene/iclary p
<br /> to this paregreph f0,with in�erest thereon,shall constitute lndebtedness o/Trustarsecured by this Dood o/Tiust Un/ess Tiustoi and .
<br /> Beneficiary eproe to other terms o/payment,such amounts shell be payablo upon rrotico Irom 8enoficiary to Trustor requestlny payment thereo%
<br /> � ond shall bear inteiest Irom the dato of disbursoment et rhe delaul►rate,i7 eny,set lorth!n tho Noto,or othorwfso at lhe hlphest�ete peimittod
<br /> { by law. Nothing contained in tA/s peragraph shall�equire Beneliclary to lncm any axpense or take any oction hereunder T�ustor inevocsbiy
<br /> � authorizoy and empaweis Bone/ic/ary to enter upon the Tiust Piopeity es Trustor s egent end,in Trustor's neme or othorwise to per/orm eny
<br /> ond ell covensnts end ogreemonts to be�peifo'monrb nnducncurltles Ior thw Aaymen�herreof paideor discharpe/d by 8one�eiary undeg the
<br /> � � t oncumnronce,iion,cianh G:�o,,,o..��^- •--•��-�� �
<br /> 1 provisions hereof and ony such subingetion rights shell be edditionnl and cumulaPivo socurity/o�this Doed ot 7rusr.
<br /> 11. Cond�rtrn�Hon. Tho procoeds ot ony nward or c/eim lar demagos,diroct or consoquontial,in cannoction wlth any condemnation o�other I
<br /> '• nrt therooi,or/or convoyence in l/eu of ur in onticipation of condomnation,ere hereby ossignod to and shal/
<br /> taking of the 7rust Proporty or ony p I
<br /> � bo paid to Bene/iciary. Tiustor will Ii�o ond prosocute,in good laith end with due dillgonco,its c/eim lor ony such ewd�d or paymont,end will
<br /> I cause tho seme to bo collocted ond peld to Bens/iciory,nnd,should i�/ni/ro do so,Trustor irravocably authorl2os and empowors Boneliciary in
<br /> the namo of Tiustor or othorwiso,to liln,prosocute,settle or compromiso any s•uch c/aim nnd to collcct,rocnipt fur end rnfein the procoods. !/
<br /> thn Trusf Pioperry is obandonod by Tiustar,or,olfor notice by Bone/iciery to Trustor►hat tho candomnor olfors to moke on award or sottlo a �
<br /> � cleim/or dnmepes, Trustor/ails to rospond to Bcneliciary within thirtv f301 day�aifor tho dote such notico is mailod, Bonoticiory is eufhorizod to
<br /> � co//oct ond opply tho proceods in tho monnor indicotod haroin. Tho procoods ol nny owo�d or clnim may,e/tei doducting on►ossonablo costs end �
<br /> �� nxponsos,inclading atto�nny toes,which mny hovo beon incurrod by Boneliciery in tho colloction fhoreo%ot tho salo discrotion ol Beneliclury,be
<br /> reloesed ro Tiustor,nppliod to rosto�otion ol Trust P�oporty,or oppliod to tho pvymont a rho Indebtedness.Unless 8oneliciery and Trustot I
<br /> i othorwiso ngrev in writing,any such app/icetion ol proco�ds to Indebtednoss shr�llnot oxtond a postponn thn due doto ol[ho Note or the I
<br /> � pnymont of ony insfal/ments celled/or theieunder. Pagg 2 0/5
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