��15�1573
<br /> �'�o���°��r �a�����o�, A�Itera��o�s ax�d Inspe�ti��. '��zus�ar wil� ���� t�e �Pra���� in �aod candi�ic�n az�.�
<br /> r�.a�� aI� �e��x�� tha� a�� rcasox�a.bl� r���es��r�. �rus�ar sha�l �,�t e�x�xx Q� ��la� ax�� ��ra�t�, �ra��a�r�e��, �r �
<br /> deteriora�ian of the Prap�rty. �T�ust�r �gre�s tha� the z�a�ure af th� o�eupa�c� and us� ��XI nat �u�st�n�����
<br /> chan�� wi��.out Bene�zeia.�y'� pr��r �vr�tten c�nsen�. �'rustor ��II n�t permit �n� c�ian�e in an.y li��x�s�,
<br /> re�tr�c���� eovenax�t or ea��ment w�thout Be�.ef�c�ary's pr�or wri�te�z �onsent. Trus�ar v���1� r�a��fy �ene�zciary
<br /> of al.� dema�.��, proceedin�s, ��axr�.�, and ac��ons aga��.s�Trustar, and of any�os� or da�x�.ag�t�th��ro��r��,
<br /> Ben�fic�ary or B�nefz��ary's agen�s ma�r, at Benefxcia.xy's o�tion, enter the Prop�r�y at ara.y reasanab�e t�me for
<br /> �he purpose o�C ins���tx�z� t�a� Fra�p��rt�. ��z��ficiar� s�a�� ,grv� �'ru.st�� �.ati�e a� �he ���.c �f or �r��c���: a.��
<br /> �nspec�ion specifyzng a reasanal�Ie purpose for the xnspection. �ny inspec�iv�.of the Praper�:y shail be en�zre�y
<br /> far Beneficiar�'s benefi�and'�r�,s�or will in no vc�a�re�y�n Beneficzary's �nspection.
<br /> A�thority to�erform. �f Trustar faiis �o perform any duty ar any of�he cov�enants conta:.ned in th�s Secur�ty
<br /> �n�t�u.x�ent, Be�aef�czar� nza�y WI��C]ll� 11Q�1C�, perfazz� ar caus� �h�am. �� �be p�r�ar�e�i. T�us��r �ppo����
<br /> Ben�fici�ary �s attorney in fact to sig�a �'�-ust�r's name �r pay an� an�.ount �c:cessary for p�r�armax���.
<br /> B�n�f�c�az-�r's rzght to per�orm fo�-�rus�ar shal� no� cxeate ar� obliga��an to perforn�., and Ben�fi�ra�y's f�ilur�
<br /> to perform �rx�l xxat preclude ��nefxciary �'rom exerc�s�n� any of Bexzeficxary'� ���r rights u�.d�r the Ia��v or
<br /> �his �e�ur��y�ns�runx�n�.
<br /> Y1eas�ho�ds; Co�d��ini�xx�s; P�anned �x�it�evelopxr�e�.ts. Trus�or agre�s �o comply with Che proviszons �f
<br /> any �ea�e zf this S�c�rx�� �ns�ru��nt i� an a�easeh��d. ��'t�� k'�a�er��r i�cludes a unit in � c�nda�x�xnzur� or a
<br /> ptanned un�t dcvelopm.�nt, Trustar v�ril� p�rform aIl of Tru��or's duti�s under the cavenants, by-�a�s, �r
<br /> regulati�z�� of the condomix�xum or pla��n.ed uni�devel�pr�ent.
<br /> �ondemnat�on. Trustor ur�I� gi�e Benef���ary prompt not�ce of an� pendin� or �hreatened actian, �y private
<br /> or pub�ic �n�ztzes to purchase or �ake any ar a�l af the Pxapert� �hrou�h cand�xx�xza�ian, emxa�ent da�az�, or
<br /> any ��h�r means. Trus�or authori�es Benefxciary �� int�ervene xn Trustor's name in ara.y of th� a�fl�e describ��
<br /> act�ons or c�aims. Trus�or ass�gns �o B�nefic�ar� the prflc�eds of any a�vard or c�a.�m �ar damages cc�nz��cted
<br /> wzth a condemnatian �r ��.�i�r �a�n� of aII or any p� of the Pr�p�rty. 5�ch proceeds shall b� �onszder�d
<br /> pa�rn�n��s and wi�� �e app�zed as prav�d�d �r� thz� ��cur��y Zns�rument. '�hi� assr��uxzent of pr���ed� �� su�j�c�
<br /> �o�h�ternzs af ax�.y p��or xz�o�g���, de�d of t�us�, se�urzty agreemex��or a�.�r lien do�ume�zt.
<br /> I�surance. Trus�or shall keep Prap�rty znsured agains� lass hy f�re, flood, theft and at�er hazards an� ris�s
<br /> reasonab�y a�socia�e�d�fzt�z the �'rop��t�d.�e �a ��s t��pe�n.d loca�ian. T�.zs �nsurance �na�� b� �n�i��tain�d in th�
<br /> amoun�s and for the p��rzads that ��n�ficiary requ�res. '�ha� S�ne:�icxary zequ�res pursuant to �he pr���dix�g
<br /> two s�ntences can change �urxng the t�rm Qf the Secur�d I3eb�. The i�sura�c� carrier pravidinb th� in5uran�e
<br /> �ha1� be chas�n 1�� T�rustoz su�j�ct tQ �3enef�c�ary'� a�pro�ra�, �vhich sh�l not be unr�asona��� ��t�i�i��d. If
<br /> Tr�star �a�z� �� x�z�xr��azn the ca�er��� c�esczzb�d abo�v�, ���.��zciary zna�, a� B�neficiary's aptia�., ohtain
<br /> c�ve�age�a pro�ee�Ben�f�c�ary's rrbh�s z�the Froper�y �ccordxn�to th�ter�ns c�f this Secuxi�� �ns�r�rr�en�.
<br /> A�1 znsuran���oliczes and renewals shall �� acceptable�o �eneficxary and sha11 inc�ud� a standard "mortgage
<br /> ��aus�" a�z�, u�i��r� ��p�icab��, "�oss pa�ee c�ause." Trustor s�a�� izaax�.edza���� r�����y ���.�fxc���� a�'
<br /> can�e��ax��x� ar ��xzn�,nat�an of th� znsuranc�. Be�xeficiary sh�Il hav� th� r���� �o ��.��c� �he ��1����� �n�i
<br /> r�x�e�,rals. �f Ben�fzciax� r��ui���, Tr�.�star s��l �mx��c��at�Iy g�ve�a ��n�fic��ry �,�� r�����r�� c��p�,�d����.iur��
<br /> and re�a�v�al �Zvtic��. �J�an�o�s, 'T��ust�z sha.�� givc xm�ned��ate notxce to t�.� ��suran��c�rr��r �d ���.ef�e��°�.
<br /> �en��'�cxary may xna��proo�'of loss if n�t made xmm�d�a��Iy by T'rus�or.
<br /> Un�es� atherv��ise a�reed in v�rrx�zn.g, aIx znsurance praceeds shax� be app�ied ta �he res�arat�on ar repair of the
<br /> k�zrop�r�� o� to the �e�ur�d ���t, w�.�tr���- a� ��t �h�n du�, at ����fi���'� a��io�., �z�� �p�i���.t�v�. af
<br /> proceeds t� pr�nczpa� shall no� ex�enc� or postpone the due dat� of t�ie s��.edui�d payrrzer�t nor �han�e th�
<br /> amaunt �f any paymen�. Any e�.cess wx�� U� pax� �a the Trustor. �f the Frop�rty xs acquir��. by �e�ef�c�ary,
<br /> Trustor's r�ght to any znsuran�e palici�s a�ad pro�e�ds resu�ti�zg fram d�.m��� to �h� Fx���r�� befare #:h�
<br /> acquis�tion sn.a�� pass to �en�fi��ary ta the ext�nt of tne ��cur�d Deb� immediat�ly b��ar�the acqu�s�tzQn.
<br /> Fxnanci�l Reports arid �c�dxt�o�a� I�acuments. �rus�or w�ll pravide ta Beneficzaxy upon re�ue�t, any
<br /> f�z�ax�c�al s�atem�e�x �r x�,fQnxza��on ]�enefz�z� ma}f de�� ��a��na��y ��c�����ry, �`ru��:�r ��r�:� �� �i��,
<br /> ����ve�r, a.r�.d ti��a��adc��tiox�al d�cu��nts ar�er�if��a��o�s�at���efzcxary x�ay �ansid�r ra����sa� ����rf���,
<br /> contzr�u�, aVnd pr�s�rv� Trusto�'s abli�a�ian� under ��.�� �ecurity Instrum�n� a�d �Bex��f��iury'� �i�n std�u� �r�
<br /> the Pr4p�x��,
<br /> G. '� TY �JF TITLE. Trustor warrants that Trustor xs or wi�l be lawfu�ly sez2ed af Ch� �stat�canve�red
<br /> �y��zi� Secur�ty�ns�xurn�nt ��I has t��ri�ht t� �rr�va��l�ly �rar��, �+anv�y, an�. s��� �r�������r��t� "��x����, ix�
<br /> t�rus�, wi��ovuer of sa.�.e. Trus�ar a.I�o wa�rants that �h� �'roper�y is ux��n�umb�redy G�CGr3� ���' L�'I1GU��3�t='���5
<br /> Q�P��t�XC�,
<br /> 7- ��JIE Q� S.A►.L�. $ene�iciary may, at �ts opt�on, d�clare �he entir.e ba�ax�ce �f t�ie Secured Debt to be
<br /> �r.�.aa.�axa�r�ly du� �nd�a��bl� ����. �n� cre�tz��a �f, ox coz�tract for tY�� c��a4ion �f, a t��s�er t�r ��� a���� ��
<br /> a�ay �art af�h� �rapez�y, '�his ri�;�� x� s��j�c� �o t�ze restrzc�xans �mpa��d by ��d�r�� �a�� ��,� �.�'.�. ����, �s
<br /> a�plica���.
<br /> S�curity ins�ru�r��nt-�pan-�nd�Cansum�r-N� �tCP-RED7-�J� 7I�f�Q�1
<br /> V�.�P4 Bankers Sy�temsT"� VMP-C4�5iNE} t�1�7f.DO
<br /> W�Iters Klu�ver Finar�cial Ser�ic�s O�994,20�1 Pagt�3 af 6
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