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<br /> insu�arrce premiums,ground rents,and all aiher charges whatsQever/evied upon or assessed,pfaced or mads against the Tiust
<br /> Properry.Trust�r tuAhe�agrees,upar+s�itten requesi by 8eneficiary,ro prompth/deliver ro Beneficiary s11 receipis for tlre paymenf af
<br /> , such charges_Tiustor likewise agrees ta pay ali taxes,assessments end other efrarges fevied upon or assessed,ptaced or made
<br /> � against,or msasured Dy,ih;s Oeed ot Trust or the recordaffon hereof.
<br /> � 5. AppGcation ol Paymenis.Ai/payments received by Beneficiary as fo any debt IiaeiJiry Q�ohligatian owed to Benefciary by Trustor
<br /> a may be appiied by BenafiCiary to tlre payrnent of Ure/ndebtedness or fo any such oMer debL IiaDility or ob;iga�on,in any orderor
<br /> � � manner of ap�el;'ca�on which Benefrciary,in its absolute discreean,deems appropriate.Untess atherwise etected by Ber.eficiary,any
<br /> 0 such paymenf shatl 6e deemed appl;ed lirst to the payment of any deDL liabiliiy or obliga►ion other tiran the Nare
<br /> � 6. Charges;Uens.Trustar wi��keep rhe Trus[Property free from al!liens and ertcumbrances which irr any way may,in the judgmenr ol
<br /> + � Bene!'rCiary.h�ve priorify ave�,or impair the securiry of,thts Deed of Ti�si Dut Tiustor ncaed not discharge any such lie�so long es
<br /> Tiustor sha/i agree.in wirting.to pay the obligaaon secu�ed by such lien in a marrner acc�ptabfe ro Berre�ciary arrd shal�in good�aith
<br /> �� cantest such lien by sppropriata tegat proceedings effective to prevent the enfercement of the liea and the loss of ai�y interesi rn or ,
<br /> part o1 tfre Trusi Prope�ty.
<br /> ___ � 7. Kazard fnsurance. Trustar shal�keep t/te buildings and oiher improvemenis now existirrg ar herealter erecietl on the Trusi Properry
<br /> insured by Insurancs carrisrs satisfactory ta Bene�rclary egainsiloss by�rre.ha�ards ircfuded!n the te�►m"extgnded cove�age"snd
<br /> sLCh ot►rer hazards,cesLai�'es and conbngencies as may be required by Be»efrciary,in such amaunLS and for such periods as may be
<br /> �� required by Beneficiary.The policy of rns�rance shall be in fam acceptable fo Bertefrciary,pmvide that the same may not tre
<br /> cancelled or modiFred wifhout 6lteen(15)days prior written no�ce io Berteficiary,a�td shall have lass payab!e provisions in favor of and •
<br /> _ in form accepfable to Bene6cisry.A!I premiums an insu�ance policies shall be paid in the manner pra•ridad under pangraph 4 harenf
<br /> or,if not paid in suCh manner,by Trusior making Qayrtrent af leasf fifieen(15)days prior to the due date,dir�ctty to the insuratrco
<br /> carrier.Beneficiary shalf hava the right to hoid the poJicies and renewals thereof ane3 Tiustor Sha11 promptly fumiab to Beneficlary elf
<br /> _ renewal notices and a/f pafd premrum receipts received by It.!n no event shatl Benefict�r or Tiustee be held resporrs(l�te for f^`lture ro
<br /> pay insurance premiums or for any lass or damage arising out of a defect in any palicy or silsiltg out Of aliy fc7ilUl@ Of�[T.y il7S1BG!►C@
<br /> company ro pay Inr any loss or damage insLred against ar for failure by Trusror tv effeci�m fnsurance required hereundsr.frr Urc��,�ent
<br /> at/nss,Tiustor aha/l giv�p�mpi notice by mail to the insurance carrier aird Bene�rciary. Benefrcrary may make praof af l�ss f/tret
<br /> made prompUy or in ptc�sr form by Trustor.All pn.�icies o1 insurar+ce and any snd a!1 refunds of uneam�d prem/ums are here��r
<br /> assigned to Beneflciary as addtional securiry tor the payment of the lndebiedness.lr�the eveat o;8enefiGary"s exetcls�af the power
<br /> of sale coniained herein,or in the event ot torec/osure,a/l right trde and infesesi af Tiusior irr and to a�y insurance�lieu tfien in force
<br /> � shali pass io the purchaser at the Uustee's sale o�forec/osura sate.In case of any fc,�s,the insur�rrco proceeds may,ef the oFtiu�of �
<br /> 8eaeficiary,be app/►ed by Be�fe�rciary upon the/ndabtedness,or any part thereaf,.2lid flt 3llC.h�Tder aard amaunt as BeneSr.r$r�m•.ay
<br /> _ determ/ne;or said insurance praceads,at the o�Jan of Benefrciary,may either be used ir.re,�!a�lrtg arr�7o�lrrg the Tiusi Pro,�c-r�y
<br /> paRially o�totally desboyed io a condition sabsfacrory to Beneficiary;or said irrqurarce p:oJEeriS,OI'37�/AOItlOf!thgCE{Sf,may be
<br /> re/eased to Trustor.Unlass Benefrciary and Trustor otherwise agrse i►�wr,'tirc�,2r•�sLCte�a��tication of insurance p:LCCSds sha/f not
<br /> � exiend or postpone the due date ot the Note,or any instaJlmenis ca!lerJ for tf:e:21n,G�harrg�the ar!iount of such in�i Ilments.�l tha
<br /> � Trust Propeity is acqufred by Beneficiary pursuant to the exercise of eh,Q p�^�iie:01 sa^te Or 4'h.3f fOrBClOSUfe,all right,bt19 and int2rest OI
<br /> Trustor in and to any insurance proceeds payal�.`e as a result of darr.a�e ta tlra Trust�ra�erty prior to the sale or acquisition shatf�aass .
<br /> � . to Bene�ciary�nd shall tre applied fiist to the costs and exp:nses,inclu�a'ng r�t1�,�t�y(ees,incuned in co!lecting such proceeds,tfren
<br /> in the manner and in th�crder provided herein.
<br /> 8. Preserva�nn and Maintenance of grust Propsrry. Trusto�a�iN Ireap t1^�buifdings ane�a:lier/m�:ovements now or hereafter eiected on
<br /> ` the Trust Fiope�ty In good repal�ar.d conc!,Uon and u�i�!not cosr:m.it orgern;it waste, w111 nat�xiter the design or shuctural charactar
<br /> consGtuting any building now or hereaftFr��ected on ancf consiitaTln�tt.e Trc:si Property without the prio�wiiKen consent of �
<br /> Beneficlary,wi!►not do any act oi thing whic�h wcufaJ urt�1ly im�air oi tieF�:�clate the value of the Tiust PiopeRy and wili e�ot abandnn •
<br /> the Tiust Propeity. Tiusfar will not remave any fixtu.�z�cansfitcting the Trust Prope�ty unless tha same are immediatelyieplaced wifh �
<br /> like propeRy subject to the lien and securi[y inieresr af ttfE Deed of Trust and of at least equal va/ue and utiliry. Trusivr wi//compiy wiih
<br /> _ all present and lutwe ordinances,regulabcns anci requirasnentrr ot any govemmantal body whlch are applicable to tfro Tiust Property
<br /> and to the occupancy and use thereot.!f ttiu Deed of Tiust is on a unit in a condominium or a planned unit development, Tiusior shatl ; ,.• ,_
<br /> pedorm e/1 of Tiusfor's obligabons und:r t�e daclarations or covenants creating or govemtng the condominrum or the planned unJt '��°'
<br /> � development the bylaw�an�regulatio�as a`trQ candomin/um o�planned urt/t deve/opment and the constlNent documen�s. :'�?�`;�
<br /> 9. Inspection.Beneficiary�ar,•+�s agerrfa rray,ai a!I�easonable times,e�ter upon tite Trust Pioperty lor the pu�pose of inspection.
<br /> ' Beneficlary shali have:r�dury to rrdk��uch in3�action and shai!not be liab/e to Tiustar or to any pe�son in possession if it makes or
<br /> lafls to make any such fnspection.
<br /> 10. P�otect/on of Securily.l�7iustcrlaUu tG peAom;eny of tfie covenants and agreements cantained in this Deed o!Trust,or il any action
<br /> or proceed+rtg!s cvnTrrrsnced uvltfch does oi may t�dve�sely aNect the Trust Prope�ty or the/nterest ot Tiustor or Beneficiary theiein o� -
<br /> the title of Tiustor thercln,lhen Baneficlary,af its a�r�ion,may pedorm such convenants and agieemonts,make such appearances, ' �
<br /> defend agalnst and lnvestig�te soah ecf�on or p�oceeding and take such othe�action as Beneficiary deems necessary to protect its
<br /> lnterest including,but not Hm.ite�tc;drsbuisement of reasonabla aftainey less and entry upnn the Trust Property to make repairs.Any �...
<br /> amounts disbursed by genef;clary pmsuant tv this�a�agraph 10,with�nterest fhereon,shall constltute Indebtedrtess of Tiustor
<br /> secured by th1�Dged ot Tiust.�Unless Tiustor ancf G�neflciary ag�ee to othE.*!e�ms of payment such amounts shall be payabla upon :�
<br /> notice Irom Beneficlary fa Trustcr requesting payirrent theieof,and sha!!be,�:•�:•hte�est fiom tho dafo of dlsbwsement at the detault rate, •
<br /> - d any,seJ forth in Ih,e Note,arothenvrse at the highest ratv perm!lted byla�v. +°Jothing contained in this paiagraph sh�tl require
<br /> Beneliclary�o Incur any expense or talre any action herounder.Trusto�U�evocabty authalres arrd empowers Beneflcfary to enter upon
<br /> — the Tiust Property as Tiustor's agent�r�►,in Tiustor's name o�otherwise to perlorm any�ra?�U coverants and agreemonts to be
<br /> ; performed by Tru3tar as herein piav�ded.Beneficiary shall,ailts option,be surragated�.��.n,+encum��aace,lien,claim oi domand
<br /> 2nd to al!rightn and secu�lties lor the paymont tha�eol paid o�dlSChaiged b;r Esneficiary undar lhe prs�i;;lons he�eof and any such
<br /> :ubrogation i�ghts shall b�a edditronA/and cumalaUve secwiry lo�this Dead o�1'rust.
<br /> J 1. Condamnation. 7he proseeUs ot an�G ward or c/eim lor damages,diract o�consequontlai,in cOrr»ection with any co.?tlEmnation or
<br /> — othoi taking o11he Trusl Propeify,or ar�}��an theieof,or lo�corr��;yanceln lieu ol orin anfiCi�ation of condemnafion,a�e hordby
<br /> asslgned ta�rrd shall be,oaid to Be,;�"��iary. Trustor wil/file ar�,crosecuto,in good laith and with due dillgenco,its claim lor any such
<br /> - award o�payment,and►�t��•�ause the same io be callectod and pald to Ben3.°.�Giary,and,should it lail to do so, Trustor i�ievocably
<br /> ao�rhorizes and empo�ve�;l3eneficiary,in the nam:�ot trustor ar otherwise,to'i�e,prasecuto,seide o�eompramise any such clalm and
<br /> ta co!lect,receipt la ar�r.�ratain the proceeds. ll the Trust pioperty ls abandor=��by Tiustor,o�,alter notice by Beneflciary to Tiustar
<br /> ^hat the condemrto�olfers to make an award o�settle a claim'or�amages. Tr�sfor lails L7 respnnd to Beneliclary rvifhin thirry(30)days �
<br /> affer the date such notice!s marfed,BpnefiCiary is autho�l2ed*s colleci and apply tho p•�:r:-�ds In tho manner ind��:,°�d herein. �he
<br /> � �roceeds of eny awa�d or cfaim may,after deducting�,ll rvbser::;,:e costs ar:�exponses, �ri:lutlrng 7ry�ney lees, whrch may havu
<br /> �een lnc�ned by BeReh-�a�,y/n fho collection thereof,at the sol9 discietian�1�eneflclary,bo ielease�*�Trustor,applied to
<br /> restoiation ol Tiust Prc�-r�f,or applied to ihe payment ol the ln�ebfedness. Jnless Benellclary and Tn�stor atherHrise agree in w�iting, •-'-'�—'-°
<br /> any such epplication c`;���Ce�ds to Indebtedness shall not extend a postp�-�a the due date ol the Note or the payment ol any '
<br /> installments called to�th�r��ndor.
<br /> 12. Trustor Not Released.Ex!onsian of the time for paymant or mo�~:`�calion ol any amortiratron of tha Indebtedness g��°�d by Bene�iciary
<br /> � to any sucr,essar!n in'��r�;t o!Trustor shall not oC��!3to to release,in any r.�=:r�r,.�r,lhP liabi+rty c�l Trustar�.R�Tiv�+wr's successor;:�e
<br /> lnrerest Bene6ciary s'i5;`�Of 68►oquited to Con'r::r^ce proceedrngs agar.;^��ch succosso�a�refuse'�extend time for payrr,•_°:��r '�
<br /> —'"°" olherwlsn modify amc����.::_on of tho Indebtednes3 by roason at any demantl rnade by Trustor and Trustai s successors �
<br /> —` !n inferesf.
<br /> � � 13. Frnanclal/nlo►mation, L�.�?R!BQ!/BSf b,`3enoficJary, lrustot vill!pic,�^'do tv�eneficiary, ovrlhm ninety(90)days of the c.'=_=�:,f oach l�sc��! ��
<br /> yo��r of Trustar, fhe ccr��hdated batanco sheet and slatemerrc:�Carnings o!��ustor and any and all guara-���c;,��^�Indobfed^_�ss �t
<br /> • seeuied hFreby,i!an f�nd�trill provldQ and dellvs�r+��enetic u:f such other linan�rai inlofmahon anci+n;�^,�,^?a�'_M t15 B@/1C';�ry �`-�
<br /> , may reas�inab/y�aquo5t fiom tima to frmu. �p
<br /> � 14. Financral Covonants In addrtion to any othtr�linancial co•�er�.�-i;._,f Trustor macYFi�n uny oflrer ayie�ement, lnstrt��;'����'tii dc�cunren�. ��
<br /> ��� Tiusta►Shr�ll r.a.mpl;t w�th��nt!Shal1 Cduse Nt►y�nt?a//y�r�tr�:c�:,-�:�`thFi/ndobfec�nes5 SECUrpd h��toby lo comp/y w�'Fi,rar hr��rr .
<br /> � CDmpGB�rce avdh,fhp foll�wing hnuncifil Gov�nenfq:(Ttns a�:":.�;`:_pyi shafl nOt up,�ty d rovt�nan!s anci req��rrr�menls t-rie nol set
<br /> � lorth herem/
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