2� 17� 1 �31
<br /> ��E� ��' 7'�1��`�
<br /> ���n�in��d� ���� �
<br /> L�n��r,d�posi�w ith L�r���r���f��r��u f��i��t��rp�rat��ur�ty��r�d�r a#h�r s��U r�ty satisfa����y t� L�nde�in an
<br /> �mount suffi���nt t� ����t��r���#��li�r� �[�� �r�����k��r������rr��y�'f���, �r�tF����h�r���tl����u1��c�r��a�a
<br /> r����t�f���r���a�u r�����I��r���r tl��li�n. In�n�r�Qn k�s�,Tru�#ar�ha![����n�i i k��x�ar�d L�n��r an��hal1�ati�fy
<br /> �rr���w���j���m�nt b���r��r�forc�ment agai����F��i�r���rt�. "�'rust�r�h�IC n�m�L�nd�r as an a�idit��r�al❑�lig�e
<br /> u�d�r an�sur�����t��i���r�i�Y���an th���nt�sf pr�����ang�.
<br /> ��riden�e �f��yrrr��t. Trust��-st��11 ���r� ��man��urr�i�h t� L�r�der-�a�i�factor�r��iden��f pa�rrt�ent�f���ta�€�s
<br /> ar a�sessm�����r�� �hal! �����r���t�n� apprapriat�ga��rnm�r��a1 �f�[�i�l#� ���i�r�r t� L�r���r�����+�im����'itt�r�
<br /> st�tem��i��t��t�x��ar��ass�ssrn�nt�a��inst���F�r��er�+,
<br /> N�#i�� �f�ons�ru�ti�r�. Tr�rst������E n�ti�� L�n���-�t ieast fifte�n ��I���ays��f�r���y v�r�rk is��r�m�t����f, �r�y
<br /> s�r�i��� ar�furni�h�d,�r���+ rr��t�r�al�ar�suppli�d t� the I�r���rt�r, if an� m�����ri���1«�, m�t�r��[m�n'�I��r�, ��'
<br /> �th�r I i�n c�u�� ��a�5�r��d �n aG�ount❑f th� ���k� ��r�i���� ��ma���i�l�. `f'r��t�r-�+il I up�n r��uest o�L�nder
<br /> framisl� t� �.�r�d�r a��an�� as�uranc�� s�ti�f�ct��y t� �.�n��� that i"ru�#or c�r� �r�� �rill ��y #he cas# �f �u�h
<br /> imprflw�m�nts.
<br /> �i��p�l�`i�a�N�A�� INSL�RA�i��. Y�,� f�l��vvin� �r��ri�i�ns r�lafin� t� insurin� t�� �r���rty�re���r��f khis ���d a�
<br /> �'r�st.
<br /> M��nten�r��e �f Ir�s�r�n��. �'ru�t�r �h�l! pr��t�r� and m��r�#�ir� ���i�i�� Of fir� insuran�e v�rifh stan��r�i ��t#e�ded
<br /> ���r�r��� end�r��rn�nts�r� �r��#���m�nt�a�i� f�r the fu[I in�Ura�l�valu����r�r�r�� �CI Impr���m��t� Qn th� R�al
<br /> �roperty irr �rr �rr,�un#��f��a�r�f f� a��id app[i�ati�rr �f �r�y c�ins�r�n�� �I�+���t �n€�v�rit�n a stan�ard mo�fgag��
<br /> ��aus�i r�ta�r�r�f L�r�d��. ���tQ�`�ha�l als�p�-ocur��r�d r�-Eaint�in��rr���'��et��i����r���I I i�#�i�it�r in�ur�n��i��r��h
<br /> ���rera�� am�un�� �� ��r���r �na� r��u�s#v�r�th �Fru�tee and ��nd�r���r�� r��rr��d �� ��#��tiQn�l �n�ur��is �� sr��h
<br /> liai�ili�� in�ur�n�e p�l�����, A�Iditi�nally, `�rt��t�r sf�all mai�t�in s�a�1� �ther�r��r�r�r���, ir��l�r�in� �ut ��� limit�� ��
<br /> haz�rd* ��$ir���� int�r�-�p�ion, �r�d boil�r insura�rr��, �������r m��r r���anably r��Uir�. ��li�ies shall b�writte n ir�
<br /> f�rrrr, am�ur���r �Q�r�ra��s an€i b��i� r�a��na�ly ��c�pt��l� t� L�n�#�� and iss��� �� a �om�any or �vrnpa�i�s
<br /> r����r��bly ��c�p#able t� Lend�r� Tr�st�r* ��ar� r��u��t �f ����ert �rif I d��i�e�t� L�nd��frarr� #ime t� �im� #h e
<br /> palici���r��rti��ates af insurar�G�i�f�r�rr �ati�f����ry t� L�t����, in�lt��ing s#ipura#i�r��t�a��ov�rages wE�� na#be
<br /> �a�r���1i���r�imi r�ish�d�ritl���t������t th�ir������ da��pri�r vwrritte n n�ti�e t� Lend�r. L��h�rrsur�r��� p�1 i�y alsa
<br /> ���11 in�lu�e an�ntt��sem�nt pr��i�ir��ti��t����r���in�a�ro�-��Le�der�nr1[I ��t}��impair�d in an�r w�r��y an�a��,
<br /> �miss[�n ar��f�ul��f Yr���ar�r an��fher����r�� S�ou��#i�� F���1 �r���rty��I���t�� in an ar����5i��at�d a�r
<br /> �he��rr�ini�t��tar���h� ���ral Em�r��n�y�I�r�a��m�nt Ag�nc�r�������i�l#��a� C���r��r��'�'r����r��r���t�
<br /> �k��ain �r�� rrr�ir���in F��raE Fla�d �nsu�anc�, �f�v�il����, f����� full unpaid �rin�i�a� t�alanc��f ti�e I��rr ar�d �n�►
<br /> �r�a� li�r�� �r� #�� Rr�p�r�y �e�u�ing th� [aar�, u� #� tC�� rr���t�rr�um p��i��r limit� set und�r #h� N�f��r�aE Fia�!
<br /> I��ur�r����r���-arr�,�r as�f��n�vis�r���ir��#��r L�nd�r,and#�maintain such in�uranc�f��the t�rrn af fh�I�ar�.
<br /> App�i�ati�r� �f Pr��e���. Trust�r���Ir pr�rn��l�►r��fif�r L�n�er�f an�+I�s��r d�ma��t�th� Pt'�pert�. L�r,��r m��
<br /> rr���C� pr��f of I��s �� Tru���r f��l� t� �� s� wi�h�in fifke�n {'1�� da�r� �f th� ����r�l�y, �Ik������'�r r��t 1��r���r��
<br /> �ecurit�r i� im��ir��, ��r���r ma�� at L�nde�'s�I��tianF r�c�i���������in ���������I���an�r ir�s�ran��a��a���Y
<br /> t�� pr�c��ds �� th� r��lu�ti�� ��th� I n�t��t�dne�s� paym�nt�f ar�y li�n aff��ti rr� t�� F�r����ty� ��'t�� �r��t���ti�r�
<br /> �nd repair�f t[�� �r�p�r��+. If L�r�d�r el��ts t� apply th� pr����d���r�st�ra���r� a��� r���ir�Trc��t�r�C��I1 ����ir�r
<br /> r��]a�� the �ama���� ar ��s#r��r�� �m�ra�ern�r�ts in � mar�r��r ��#i�f��t��r #� �����r. ��n��� ���li; up�n
<br /> ��#i�fa�t�ry pr��f �f 5�a�h ��€penditur�� pa�r �r r�irr���r�� Tr�a���r fr�rr� t�n� pr�����s f��- the re�s�nabl� c��t of
<br /> r���ir ar r��t�r�t��n if T�ust�r i� n�t �r� d�f��lt ran��r t�i� ���� ��T�Us�. �ny �r��eed� wf��ch hav� na# ���n
<br /> di��ur��� v�ithin '18D da�r� �ft�r t��ir r���i�t and v�rhi��n �en�er h�s n����mmitt�� t� t�r� r���ir�r r��t�r�ti�r� af
<br /> th� I�r���rt�r���I1 ��u�ed �i�st t� ��,�r�r���m�unt�v�r[ng to L�nder und�r thi� ���� �f Tr�ts��tl��r� #� ���r���rt���
<br /> in��re�t, an�i t[�� r�m�ir���r} if any, sha�l i����plr�� t� th� pt�r��f��I ��1�n�e�f#h� In��l�tedne�s. If Lender halds
<br /> �rr�r pra����i� �fter p�yr��r�# ir� �u11 �f tl�e Ind��#�dr���s, su�� �r������ ��al� �� �a�i� t� �'rustot- a� Trus#�r'�
<br /> int�r�s�s m���ppear�.
<br /> zr�st�r's �t�port�n lflsr�r�n�e. Ll������u��t o�L�ntt�r� [��w�v�r n�t m�r�th�rr�r�����+����a!'r��t�r�hall fumi5�
<br /> �� L���er� r�part �n ���� ��i�ting �alic�+ �f �n�Urae��� �h�vui n�; �'i� �h� r�arn� �� the ins�r�r; ��� th� r��k�
<br /> ir��+����; ��� �I�e �m���t �f tl�� p�li�y� ��� �[�� pr�pert� i��u���l, t�� th�n �r�rren� r�pla�err��nt �r�lt�� �f su�h
<br /> pr�����r, �n� �n�m�r�r��r`�f��termrnin�that�a1��r ar�� ��} #h��xpir��i�r��ate�f t�e p�l�cy� Trustar sh�ll, �p�n
<br /> r��u�st of L��d�r, h����n in����nden�app�i���s�ti�f����ry tv �.en��r�eterrriin�the���h v�Iu�r��l�c�m�nt����
<br /> �f the P����r#y*
<br /> LEi�1 aEl��� ��p��t�y���E�. �f ar�y��tf�n�r�r���ir��1��m�n�r���th�t w�uld materlall�r aff��t L�n����Ir�t���t In
<br /> tl�� I�r�pert�►or if Tr�stor��ils�� ca�np�y v�rith any�navi�i��, ��t1�is �d�f Tru�t�r-�ny F�ela�ed a��urn�nts� in�lu��ng
<br /> l�uE r,�t lirr�it�� t� Trust��� ��i�r�r��� �i��harg���pa�r vuh�r� c��t��n�r�mounts Trust�r is r�quired t� �is�h�rq� �r��y
<br /> �rn�t��-th�����f�r�st�r�n�F��1�t�1 Do�um�r�#�, Lend�r�n Tr�s#�r*s���al�ma��E�ut s�all n�t be�bli�at����}��}��
<br /> �n�+ �,ctiar� that ��r�����ie�rrts �����pria��, in�ludi r�g but r��� lirx�it�� t� �i��har�in� ar �ay�ng �II #ax�sr I���s� ����rity
<br /> inte�������n��rr��r�n��s�r�d�tl�����ai msr at ar�y tim����i�a1 ar Rl��d�n th�Pr��erty�n�pa�rir���I1�as�s��r i r�����r���
<br /> r�ar�t�i nir��an������rvi r��th� �ra�erty, ��l ��r�i���c��nditures in�ur��d��pai�f��r L�n��r f�r���C��urp�ses r�ri Il then
<br /> �ae�r int�r��t�t tl��r�f��h�rg�d un���-th� i�l�t�fr�rn the dat�i���rr��l ar�id�y�ender+t�th���tc�f r�pa�m�n���r
<br /> Trustor. All s��h ��€�r�ses v�ril! b��� � ����f th� En���t�dn����r��, �t L�r����s �pti�nF wiEl �A} b� paya�l��n
<br /> ��rrr�n�; {B� b� �dd� t� th� i�alance �f fh� ��t� �n� ]�� a}�p�r#ione�! arr�r�� �r��l t�� �������v�ith ar�y in�ta�]m�r�t
<br /> ���r��nt�t� ���rr�����1�a�i��either� �-i� th�t�rrn of�r�y applf�a��e in�urar�������y; �� ��� t�e �er�air�ing��rrn o�
<br /> tl��J��#�; �r ��� I���r��t��#����aa[��n pa�m��t w�i�M�v�ri�l be dU�an��ayat�l��t tF����t�'��aturity. The�eed��
<br /> T��k ar��uui11 s�cur� ���men# �f these �r���r�ts. �t�ch ri�ht ��ta11 b� in ���iki�r� t� �C[ �#��r r[�hfs �nd r��di�� ta
<br /> v�►hi�C��.�r��f��-[r�ay t���r�till��r��n aef�u[t.
<br /> 1�ARR�4NT1�; �EF�NS��F�'iTL�. Th�f�ll�wir�� pr�wisions����k�r�� t���vr��rsF�i��t the�r���rty ar����rt�f thi� �7���
<br /> �f Tr��t:
<br /> T!#r�. 7rt��t�r wr�rr�r��� ##��t: ���Tru�ze�r f�t�1d����d ��d mtarke:��b�� tatl� gr r�sc�rd ta the� Pr�pesrt� Ir� idr� �1��Ir��
<br /> �r�� �n��f��r�f all I��r���r�� �r��umbran�as at�$r#Fr�r� tE�a�� set far#h in �[�� F��af �r�p�rty����ri�ti�n �r in ar��+
<br /> �itl� �r�su��n�� ��[icy� �itl� r��art, �r �nal #itle v��r�I�r� i��r��� in fav�r��, �nd a����t�� ��r} Len��r in cann�����r�
<br /> with t�i�a�ed��T�'ust��nd {���`ru�#Qr h�s�he fu]�r�ght���v�r�r,�r��ar�thorit�►t�ex��rat�a�rr���li��r#hi� D��d vf
<br /> Tru�t#���n�1�r.
<br /> a���r��� �f T�tl e. ��r�j���t� tF�� �x�eptian in �h� ��r��r�ph a��we, Tr�.rst�r v�r�rr�r�t� �r�� ���� forew��d�f�n� �I�e
<br /> tit[� ��ti�� F�r�perty a��ir���th� Iawfu[ G��ims af�!I ���sQns, !r�the e��n��r����tl�n �r pr�c��t�in�r���rnr��n���
<br /> tC��t��,��ti�ns Tru�ta r'�titl��r t�� ir�t�r����f`�`r�$t���r�.end�r ur,�����i�����Q f Tru��,Tntst�r�h�ll����r��th�
<br /> ��ti�r, ak Trust�r's ��c��nse, �'r��f�r may��ti�� r��rn�n�I party in�u��r �r�����in�, f�+�� L�nr��r�h�al ���ntitl�� t�
<br /> p�rti�i��t� ir� th� pr��e�dir�� ��� #� b� ��pE���r�t��f in t1�� pr�����ing ��+ ��ur�s�l �f I��n��r'� �wn CF��CC�o an�
<br /> 7ru�t�r wi[� �eli�r�r� �r��se t� b��l�li�����,t� L�r�€��r�u�h�r��t��rn�nt��s L�n��r may r�qu�st�r�m tim��� tirrie
<br /> ta��rrni�s��f�p�rti�i��ti�n.
<br /> ��mpli�nc� �Vit� �aw�. "Cr��t�r�ra�ran#� that t�r� ���p�rt� a�d T�ust�r's u�� ��th� �rop�ri�+ �orn��i�� wit� �I�
<br /> exis#i������i���a��la�rvs, �r�in�n�����n�r���l�ti�n�����w��r�rx��nt�l�uthor�fi��,
<br /> Su rv�va� �f F���r���n�a���n� �n d VI��r��nt1��. AI I r��r����t�ti�r��, warrar�t��s� an� �gr��m�r�ts made E�y Trust�r�n
<br /> thi�a��d��'�'r�ast shall��,r�i�r��F���x��utf�r� �nd��I��r�r��f t��s��ed�f Yr�st' s��ll b���r��fnu�ng in n�tur�,��rd
<br /> �f��Cl r�rr�air�ir�full far���r,d�f���t until su�h�ir�►����Qrrow�r'�Ind��t��r��ss shali b��a�d in full.
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