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<br /> TO PR07ECT THE SECURITY OF THIS TR:��F�EED,7AUSTOR HEREBY COVECiANTS aND AGREES AS FOLIOWS�
<br /> �_ � 1.pAY�AEHT OF PRIHCIPAL AtJD INT�31��T.,Trustor sha�l promptly pay when due the princ�pa� at and mterest an Ihe �ndehtedness
<br /> eri�enced Ay tha Nqte,and att ottserCnarges�n�,���}S as provided in the Note,and ihe pnncipa�of and intecesl on any Futwe Advances secured
<br /> by this Trust Deed.
<br /> 2.IKARRANTY OFTITLE.Trusl�r is Iav�tul�y,Sei4��. od possessed of good and indefeasibte titls and estate to the PrflpefEy herebyconveyed
<br /> . and has the right.to gram and convey 1hr3,Pr.c.��:,►_y��Shy,��ooerty is free and clear af all liens and encumbrances exCept liens now af record:and.
<br /> � ` Trustor wiii warrant and detend[he titt�.to.ihr�,Pr�flt#rj.y;{tgainst ali claims and demands-
<br /> � 3.MAINTEN�NCE R�ND C01lPLIANGEHFyf,?lf,l�W r�:c'frustor shail keep the Property in qood repa!r and condrtian andshall not commrt waste
<br /> or Rermit imnairment nr Qeterioratian ot.th�,Pccn�r,.y:anr�,�haf!comply with lhe prov�sions o!any tease�t th�s Trust Uaed�s on a leasehoid tVo
<br /> improvement now or hereatter erected�tpnn.�h�,R?��r�y:rtt�j�,�s attered.removed or demolished without the pr�ar wntten consent nf Benef�c�ary
<br /> Trustor shalt comply wiih all laws,ord�n��tCRS,rsgu�a►fqpr,r,q!�snants,canditions and restrictions affecting the Property and not comm�t,sufter or
<br /> permit any ac!to foe done�n or upon the Prc�t�t!y:in;F�ipfa�tqn,Ai any law,ordinance.regulatiors,covenant,cond�tiort ot resirrction.Trustor shall
<br /> complete or resFOre prpmp;ty and in goad:v�or,k�{t�i�}�q:�it�tsriei any improvement on the Propeny which may be damaged or destroyed and pay.
<br /> , when due,all claims tor labor perform$r}�prS.m�ti�ft�l�Ih.�.;^;shed theretor and for any aiterations therenf.
<br /> 4.IHSURANCE.Trustor,at its,�xpQTt$R,wfill:m�in�3;�'��at;!;ins�rors approved by 8enehc�ary,insu�artce with respect to the improvements and
<br /> j persanat property.Gonsiitutiog ihQ:Pr,:t?qrty+.a��.�in'sFJtksS ta�tirc�,Ugh;rtiag,tomado,and other perils and hazards covered by standard sxtended ,
<br /> coverage�ndorsement,m an amoaqi�p4u�i.tua�ti�asf nrte.►�und�rftrr_rcent{t00°6)of the Iull repla,sment valus thereaf and msura�ce aga+ns! -
<br /> . suchothsrhazardsandinsuchamouni$asks:tuStamar'il.�t��eii�dL^3,�:raev,andoperatorsotsimilarp��r�ertiesoras8eneficiarymayreqwrefor ,
<br /> it$protection.Trustcrwill comply wiih such 6tn$►:rRl�u({ements�r-.�Re�zetict$ry may from fime to time request for the protection by insurance of the
<br /> � interestsnftherespectivepartias:�A►linsurancepctli�iescnairfRlri:+:pursuanttotAisTrusiDeedshallnameTrustorartd8eneficiaryas�nsured.as .
<br /> � : theirrsspect�veinterestsmayappsAl.�ndprovide;h�7tth,yt;e.Ge�riacancellationormodif�cationw�thoutatleastt5day_•pr.orwnttennoUficatior.to
<br /> a Trustee and Beneficiary may pracure tuch i�r,ur,?�G�(�,�GSqrdance with the provisions of paragraph 6 hereof.Tra�*crshall dehverto 8eneficiary
<br /> ; tReorigmalpoiiciesotinsuraqcfraRdrBn9ti�aiS�l�q�P�'t,�r,m�moCOp�esofsuchpoticissandrenev�alsthereot.Fa�ur�taturnishsuch�nsuranceby .
<br /> ; T�ustor.Or renewals as requirAd hereundet..yiia�I:iqt the option at eenef�cisry,constitute a default.
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<br /> 5.TAXES,ASSESSMfHTS AMDCHARGES.Trustor shall pay alt taxes,assessments and athe�ci-ar;as,mcluding,wilhout lirr.°±ation,ti�Qg
<br /> ; and impositipns attributable ta tbe Properly and leasehold payments or ground rents,if any,betore the same become delinquent Trustor sh2.�'
<br /> � promptlyturnishtobenefic�eryalfrtplicesofamountsdueunderthisparagraph,andintheeventTrustarshaltmakepaymentdirect!y.Trustorsh�;r .�
<br /> � promptly furnish to 8eneficiary receipts evidenc�ng s�ch payments.Trustac s4�a11 pay all taxes and ss_essments wh�ch rnay h�•'�+ied+�pon
<br /> Beneficiary's interest herein or upon this Trust Deed without regard to any lativ that may be enacted im G•:�ing payment of the who'��or any part ' `
<br /> thereof upon the Benef�ciary. •
<br /> 6.ADDiT10NAl LIENS ANO PitOTECTION OF BENEE{CtAHY'S SECURITY.Trustor shall make ali paymenis ef�r,terest and principal artd. � . �- .
<br /> paymertls of any other charges.fees artd expenses contractFC�*,o be paid to any existmg or subsequelt I+enhotder or bertet�c�ary, under any � � __
<br /> existing r,r subsequEnt mortgage or trust deed before the date they are delmqent or�n default,and prcmr:ly pay and discharge any and all other � ��
<br /> liens,cl�rms or charges wh�ch may jeopardizethe secur�ty granted herein trT�ustor(ails to make any su,n paymentor ta�ls to perform any of the � --
<br /> ; covenants and agreements conla�ned inthis Trust Deed.orthe Note reter�c��~a herein or in any pnoror subsequenttrust deed.ar if any acUOn ar
<br /> 4 proceoding is commenced which materially aftects Beneficiary's interest in the Prnpert�,�nc!uding,but not I�mded to,emrne�tdomain praCeed• .
<br /> fngs.proceedings involving a decedent.notice of sale by Trustee.notice of default by Tr�s�ee,mortgage torsclosuro aclion,or�f Trustor la��s to .
<br /> fpay Trusror's debts generally as thc,�uecome due,then Beneticiary,al8eneticiary's opUon and without not�ce to or demandupon Trustor 2.nd _=
<br /> `� wdhout releasingTru�'orfrom any obligation herourtder,may make such�Fpeerances,disburse saCh sumS and takesucr act�or,as isne:essary
<br /> to protect BeneticiarY s intorest, including, but not limited to. Qisbursement of reasonab(e attomey'� taes, payment, pu►chase, contest or
<br /> ' compramise of any encumbrance.charge or lien,eniry uppn the Property to make repa�rs.or declaratian q}�efaultunder this Trust Deed.In the ±:�
<br /> � event that Trustor shall fail to pracure insurance or to pay taxes,assessments,or any other charges or to rnake any Fa/ments to any ex�sting or
<br /> ( s;,bseq�ent lienholders or ex�5tm�ar subsequent beneficia:•�eQ �eneficiary may procure such�nsurance and make such payment,but shall not
<br /> ! be obligated to do so.Any amounts d�sbursed by Benetfciary pur,uant to th�s Paragraph 6 shall become additional indebtedness of Trustor
<br /> . � secured by this Trust Deed.Such amounts shall be payable upon notice from Henei�ciary to Trustor requesting payment thereof,and shall bear
<br /> mterestiromthedateofdisbursemenlatlheratepayabletromtimelotimeonaulstandmgpnnapalunderlheNoteunlesspaymerto^ �terestat
<br /> such rate would be contrary to appticable Iaw,in which event such amounts shall bear interest at the h�ghest rate perm�ssibte urtec-�_�pi�catrle
<br /> law.Nothing contained in thi.,Paragraph fi shall requ�re Bonefic�ary to incur any axpe�sR or take any action hereunder
<br /> , 7 ASSIGNMENT OF RENTS.Bonsficiary shall have the right,powor�nd authprily Curing the cont�nuance of this Trust Dead t�collect the !�
<br /> rents,issues and prat�ts ol the Property and ot ar.y personal property tocat:f tneroon v,ith or without taking possession of tho pra��c•t/alfocted
<br /> heroby,andTrustor her�by absolutely and uncondit�onally assigns all such�yr,°s,�s9ues and prolits to Boneficiary.Beneliciary,ho•r.::ver,hereby � �'
<br /> : consentstothe Trustor's colleCtiore and retention of such ronts,issues and prc•'-c;�ns they accrue and become payable so.long as Trustor is not,at
<br /> such time,in dofault wdh respectto paymont otanymdebtedness socwed heroby,or in Ihe performanco of any agreement hereunder.Upon any �
<br /> suCh default,8eneficiary may at anytime,oither in person,by agont,or by a rece�vq[fohe appo�nted by a court,without not�ce and without rogard
<br /> tothe adequacy of any secunty tor the indebtedness horeby sacured,{a)ent�3,-�pon�nd,take possess�on o1 the Property or any part th�reof,�nd�n
<br /> i �ts own name sue for or otherwise collect such rents,issuog And profrts,inct�;C ng IhGSO past due and ur,p��d,and apply the same,le�;r,osis ancl
<br /> � oHponses ot operation and collection, mctuding roasonable attornoy's fee�,upo+� any indebtedness secured horeby, and in � ��f order as
<br /> Bonehciary may Aetermine:(b)perform such acts at ropair ur protvct�on as may bo necessary or proper to conservethe va1u�01 tha�roporty:�c�
<br /> ; leaseth��ameoranypa►ithereotfarsuchrontal,l�frm,anduponsuchcond�t�ons�s�ts�uCamentmaydiclate.arterminatQOrad�ustt��e;ermsand
<br /> cond�t:c�:s ot existing leasss.Unless Trustor and Boneticiary theraol a�re�oth�rwi3e in wnUng.any apphcation a1 rents,�ssues or;,•-,+.ts tv an i
<br /> ; indebtedness secured heraby shall not e�tr�nd pr postpone the duo dah3 3f 1hF �ngtallment payments as prov�ded m said prom�s;c�y �otc or
<br /> ! changethe amount otsuch installments.Tho antcring iipan and taking possess�on of the Property,the c::`:ection olsuch rants.�ssues�;�d pro��ss,
<br /> and the applicafion thn_>�of ns aforesa�d,sha.r ntt�v<�iv�ut curoany Aota�;,or notice oi doiault here�r�3r or mvalidate any acl dc:^:pursuart�o
<br /> such notice.Trustar also ass�gnsto 9eneficiary,asfurthersecuri�y forthe porformanceotlheobligat�ons secured heroby.all prRpaid rent�anU z'�
<br /> momos which rnay have bec�n or may hereafterbo dpposite�.�rd'�-c�aid Trustor by any�gssoo of lho Praaerty,fosocurH tha paymer�l ot any rem or '
<br /> Oamag�s,or upon d�'aulf in the perlormance o1 any ol Ihe pruv�swns her��t,trusfor agroes to delivE•suCh rents and doposdy to Benehcitiry.
<br /> Oa�woryotwr�ttenrrt:.eolBenet�Ciary'soxercisoofthenghtsgrantodhe;r r t�anytenantoccupymgsaidpramisosshallbE�suH�c�Fr'tarequ�re �--.-.__.
<br /> said tenam to pay r�et to tho Bonefic�ary untit furlhar notico.
<br /> — 8.COHDEMNATION.If Ulle to an �
<br /> , y part ot tha Proporty shall ba takon in condamnaticr proCeedmys,by right ot Qmmvnf clomain or s�mil�r ;
<br /> action,or Shall bo Sold under threat ol condemn�tion,aU��wards,damagc�s and procee:S are heroby assiynt�d and shall be paid ta Benehc�ar y
<br /> � : who shal�apply suCh awatds,d�tn�ges�nd pruceads to 1hv surn SoCUred��:'us Trus'.v3Jd.with tha exCess.if any.oa�d to 7rustnr It iruslnr t
<br /> � rgCg�v65 aAy nolic�or pther informaUon rHgarding such acUons or procee0-�s,7rustor sh�tl g�ve�•ampt writlon noUco If�ereol tu bunelrcr�ry
<br /> Eanof�c�ary shril►be entittod.at ifs opt�on,tu aomm4nce.appoar in and prc:��:ute�n�IS own n�7r^�:;�y g�Ch aChon Ur pr�ceeding5 a��d shall trc�
<br /> � ontdtod to mako any comprOmise or sottl�monl m ConnecUoh w�th any s�c�act�on or proceod,ngs
<br /> � 9 �t;YTUqE�OYANCES.tlpon roquast of Trustor,f��ne�?�:.;y at Bonohciary's Unhon,prior to reccmv�yanco t,llhtt Nropc�rly tu 7�ustor.�,�,�y
<br /> m3N61utur�FlUv�f1L'9SfO7ru5fUt SUChiutur�Fld�;IttCdB,iAl11�`�<i�'E�SttpCrf�On,Sh�IIlbeSecurt;hpylh�SlruslDeedwhrt�c�videi�cecfbypro�mssurY �..
<br /> note5 statmg that S�ic!nntos are s�tured hers5y.�rovidt�d that a:^o;;-P:.^8I1 ihE�SeCUrf�tl pnnP�p.d a�rd futur��.�dv;un:e,s rrol��,c-�ud{ng�ums �tQ�
<br /> � _ adv<'�ncad tu protoCt Ihp svcur�ty,��cerc��f t�w�hi:ndr��percE��t j?.G:'>;�t�-�onyma�pnnc�pal timnunts secured I�t�relry 1�QI
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