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201601084
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Last modified
7/23/2017 9:53:19 AM
Creation date
2/24/2016 8:57:16 AM
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DEEDS
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201601084
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. <br /> 2� 1 �� 1 �84 <br /> an�ounts and far �he periods that B�n�ficiary reyuirc�. 1�hat Bc�ier�iary rcyuires pursuan� �o th� pr�ccdii�g <br /> two scntcnces ean e�ange during t�c�cnii of thc Sccurcci 1)c�b[. 'I'hc iasurancc carricr providing thc insurancc <br /> shall b� chosen by Trustor subject �o Bc�i�fic iary's appraval, w�tict� shall nat be unreasonabiy withhcld. [f <br /> Trustor fails �c� tuaintain ttie cov�ra e ct��sctib�.�ci abov�:, • '• • •'• �• . <br /> $ B�.aCfczary tttay, at �3�n��c.iary � ���iUn, uhl�ia <br /> covcra�e tc�prat�c!Bcncf�ciary's rigti�s in i�ie�'ro�rty dec:r�rcl�u�to thc,�ccr�t�s of this 5�.�:u�i�y Ins�rum�nt. <br /> �ll iusur�ance �li�:i�s and renewv�I� sliall t�c: �c�c:�[ahl� to l���i��ciary anci stiall i�ic�ude a sxaadafd "lylnrt�a�c <br /> e1a us�:" an�, wh�rc app�icable, "lo5s ��ycc.� cE�us�." `I`rustar sl��l� ittu��e�iately t�4tify Bcaeficiary r�f <br /> cancel�atiot� ar tcrmiaatian nf tl�c i[1suCatiC�. �3eneficiary st�all have tt�c rigti� tc� �told tl�c polieies anc[ <br /> rec�cw�ls. If Bci�efici�r�r rcquires, '�'rustor �h�ll uriiizeciiate�y givc to E�4nefi�i�ry al� re.�cei�ts of paid �refr�iuz�is <br /> and reRtewa! natic�s. tl�c�n Ios�, 'I'rust�r �I�al� giv� inimedia[c �to[icc to tli�: i��surance carrier anc[ 1����c�iciary. <br /> Rc ne�ciary may make�roc�f of loss if nat i��adc intrt��iatcly hy Tru�tar. <br /> [J nl�ss �ih�rwise ag��ti i n wri[i n�, a!1 in�ura�tce �r�ceed� sfial l he a���ie.*c� t� tt��.� re:stv c�t ic�n or re�ai�-c�f�ti� <br /> Pro�erty or to thc Sccurcd I3cbt, whetticr or nat �uea duc, at f3cne�"iciary's option. Any ap�lication of <br /> pr�caed� to pr�acipat shal! not ex[end or p�s��vnc ctie due da�t• ot' the s�hc.*dule,�d paynicnt aor �bangc tbt• <br /> amount of aay payrn��t[, Aay cx��ss will he paid [o �he 'fru��or. If tt�e E'�o�r�y is acquired b}r �3cncfic��ry, <br /> Trustor's right to aay insuran�e �oticits and pr�cec.�ls resu��ing from dantage to thc �'roperty bcforc the.• <br /> acquisician shall pass to�3�ticficiary to�tic t•xt�nt of tt�e S�cured [�cbi im2ii��iialcly�x;forc tl�c acyuisition. <br /> Financial Reports and Additional Docurnents. T�ustor will pra�ide ta f�er��fic�ary upon r��uc.�st, any <br /> financial s�at�nteat ar ��fomiation 13�ae:f iciary «�ay de�:iii reasonah�y nc:ccssary, '�'rustor agre�s to si���, <br /> deliver, aad filc any additional docum�nts or c��rtifications that Qeneficiary may coasi�er nec�ssary to �erfcet, <br /> �ontinuc, and �rescr�r� Trust�r's obli�atic�i�s unci�r �Eiis Sccurity f��strurnc.�uc and 13�nc�iciary's li��n statu� on <br /> the�'raperty. <br /> G. �;'c�.iu�.T'T 1 �i' '1 i 1 L�.t.. `�::::;:vl� Y:iti ii:��i� t;;Ai 'i i u;iivi is 13r �rditi u� :ii'w"iilj��r ;i:�.�:ii ::i t1i�: �:s�a�t`. •.:4:ii�i:j���: <br /> by this SCcurity ln.s[runtcnt and ha�thc rigta[ to irre.��ocably gr����, ronvcy, and sctl t�r I'roperty to Trust�c, in <br /> trus[, v�rit� pawGr of"sale. '['rus[or also warrant�► ��iat t�tc ['ro�r[y is u«cncumh�:rc�i, cx�c�� for cncu��ibranccs <br /> �f r�.�cord. <br /> 7. DiT�: ON SALE. I3�tte,�ficiary rt�ay, �� its ��lic�tt. �i�clarc tl�c: �afir� balatYee c�f tlie ��.�ur�d i]ebt t� tx.� <br /> immediatcly duc �ad �ayable upan thc �reati�n of, or contra�[ for the ercatioEY o�, a tr�nsfer or sal� c�f all or <br /> any pan of tt�c �'rc��:rty. `['his r�gtic is sub3�.�:� �c� et�� re.•strictio��s irti�s�.�d hy f�.�icrdl faw �l? �'.�.R. 59 l�, �.ti <br /> applieablc. <br /> S. DE�'AULT. `I'rustc�r wit� tx� in�l�.�f�ul� if'any uf'tt��.• fallawii�g c�cur: <br /> Fr�ud. �1n�r C:c�nsuttaer Rc�rrawcr c:n�:�gr� i�t fraud �r rtta[cria� ��Yt�rc�rc.�s�ntati�n �n conn��c�ic�n wiitt ct��.• <br /> �€cu red l�eh[tt�a[i�a�i c�p�n�n�i tto�tte c�qu it}r nl��Y. <br /> Payments. Any C:ottsutt�er E3c�rrc�w�r n�� any S��cure.�d 1)ch[ that �s asi��cn cnd tio�i���*yusty �lan faij� [c� Y�takc: <br /> a paynicnt w�ien duc. <br /> Praperty. �ny acti�n c�r it����ion hy tf�c: �3orrc�w�r or Teu�tc�r occurs [ha[ advir��ly aff���s tt�� 1'ro�x.•ny or <br /> E3�n�f ic�ary`s ri��i[s in Ihe l'ro�rty. "i't�is includes, buc is nc�c �irt�it�ci [o, tt��; followvi[�g: �a� '1'ru.�[ar failti tc� <br /> �iiaintain rcquired in�uran��on �t��: �'ro}�:rty; �b�Tru��o� [ran.�fcrs �t�e �'ro�:rty; �c�Trus�o�canimi�s waste.•ar <br /> otherwisc dcstru�tiv�;l�r uses or fails to iYiai�ita��i tt�c Pro�eny sueh tt�at tt�c action or inaction adversely aff��cts <br /> }3encfici�r�r's security; �ci} `I'ru�tor fail� [o pay taxcs on Rtie �'raperty or c�th�rwisc fails ta act �,nd ther�:hy <br /> caus�s a lien to be fil«i agai nst �u�: Prc�p�rty �ttat is s�nior t� [he I ien �f this �ecu rity i us[rurttent; (e) a sc��e <br /> 'f rustor d�es; �f} if�t��rc.� tl�an c�nc 'I'fu�tor, a�y Tru4tor di�� a�id �3�:��.•i�ciary's seeurity is adve.•r�ely aff��c:c�yd; <br /> (g} thc �'rope:rry is [aken thraugh eit�incnt do�Yiain; �h� a judgm�rtt i� filc.�d �gaius[ `I'rustor and �ubjec�s r�rusior <br /> aud tt�e �'ro�rty to dction that adv�rs�ly aff�.�cts Bcneficiary s �nt�rtst; �� �i) a pric�r li�nholder far��clos�s on <br /> itie�'ra�:rty a�d as a re�ult, 13e�cf�c�ary's i�ttcrest i��dv�.•r��ly ai'iect�•d. <br /> Executive �ff�cers. Any �3arrov�rer is ai� cxceu�ivc oF�ecr of �3cucficiary or an affiliat� �nd suct� �3orrowcr <br /> tk�,aiitcs �ndcbtcd to �3er�cficiary or ano�t��r fen�fcr �n an a�grc��t�� amc�unt gr�.•ater than t1i�: a�i�ounr pcnt�ictc�d <br /> u nd�r fc�icra�law�aud regulatio n.�. <br /> 9. R.EME[�IES ON DEFAULT. [u x�icii�ic�tY �o any c�[ti�r rc�ttc.�cly �vaildhl� uuc�er �tic �cr»i� c�f [I�is S�.�curi[y <br /> [itstru�vent, �3er�ificiary �uay accc��ra��• t1i� 5r.�cured �]ebt anci Tor�•clos�• �bi� St�curity [n.strume.�ut i�i a �t�an�i�r <br /> r 4 <br /> r:f 1994 Walta�s Ktuwer F�nanc�sl Snrv�cas E3ankers Systems'`�Form I.JSE34CP DT NE 5�14�7'[l 12 <br />
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