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<br /> rncurance�remiums,grouns rents.and aU other charges what5aeve�levied u ar assessed,piacec!or made against the Tiusi �
<br />- Properry. �iustor fuRher�grees,upon wriiten reqv6st by Benelkiary,to p�anpi/y del�ver to BeneficrarJf ail receipis favthe paymeMOt
<br /> such ChArn�s. Tru&tQr(i.k9�iss egr�+s ta pe�e;l tW.�s,�ssewnr�rrt��nd crRss chargo^S J2vi8if Upf'i�t 07 BSSBSSBd,ptaced or ma�e
<br /> ' egainsL or measured b;,:his Ueed ot Trust or ths�ecordation hereof.
<br /> 5. li�rplication of PaymenT�Atl payments received by Beneficiary as to any debt,Irabiliry or obli�ation oHred to Bena�ici�yr by Trusfa
<br /> may be spplisd by Beneficiary to f/re payment of the lndebtedness oi[o eny such othei debt,liabi/ity oi o6ligatfon,�n arry order or
<br /> � manner of applrcadon which Beneficiary,in iis sbsalrrte d;scre�on,deems appropriate.t/nless otherwise efected by Berteflciary,any
<br /> such payment sha/i be deemed apptfed�irsf ta the paymPnf of any debt,IfaltfliYy or obfiga6on otf►er thsr►the Nofe.
<br /> — 6 Clrarge�Eiens.Tiustor wf11 keep the Trust Property iree from a!I llens and encumb�ances which fn any way may,in the�uUgmenf of
<br /> 8enskcJas�have priorify osrer,orimp,3lr tha sacurity of,this flesd of Trust bui Trusfir need aot discharge any such lien so fong as
<br /> - Tiustor sha�ll agree,in writrr.g,to pay the obligation secured by such lien in a marrner sceepiable tt►Benefciary and shalJ tn good faith
<br /> cQntest suchlien by appropdaie legaf praceedings effective to prevent the enforcemsni ot thelien ar,d ihe loss of any inierest tn ar
<br /> �Oart of the Tncsr ProFe�4y.
<br /> 7. ffazard lrr�urarrce. tn�starshall keep ttre 8uildings�r�oUrer improvemerrts now exisb`ng or hereafter erected on the Tiust Property
<br /> insured try irr�urarree carrie�s sa7shcf��y to Benefra�7r agatnst loss by frra,hazar�s included ia the term"exterrdsd eoverage"and
<br /> � such otherl��ards,casualOies arrd�cc�-�e,^.cies as may be reqrrirc3d 6y Benefrcfary,in sucfi amounfs and�ia suc#perfods as may be
<br /> requtrer/by 6��7eficiary. TPre policy ofr:�surance shall de in form acceptabfe ro Bene�cfary,provide tha.t�ra same may not be
<br /> c2ncelled orm�ifled wrth;��Ffter.n(i5)days pRar written rro�ce to Benefrciar�and shail have/oss Ra�able provislons in/avor af and
<br /> irt fcrm accept3D!e to 8���ary.A/l premiums c�n!c.�urarrce policies sha/t be�aid in the manner procided under paragraph 4 irereof
<br /> �r,if nor paid in such marr��r,by Tru.tor makin�,�a;�ment at/east C,lteen(!SJ days prior to the dua dai9,direct/y to the insurancs
<br /> carrie�BeneFciary sha/t have the right to ho�d th��ficies and re»ewais thereof arrd Tiustar shall promptty fumish to Bene6ciary aii
<br /> re��ewa!noSces a�rd a!1 pald premium r2ceipts recG��O by i�In no event shall BenefiGary ar Trustes be he/d responsib/e for failure to
<br /> �aQ�insu�ance premiums or for arty/ass or�dam�Q¢arsing out of adefeci in eny po�icy oi ari.irrg au*aF�.�y failme of any insurarrce�
<br /> c�^..rnpany to pay fir any foss or damage insr:red 4gr�Lrst or for failure by Tiustnr to effect the insuranca r=�*uired hereunde�In the c-eent
<br /> c��ss, 7rust�r sha/i give prampf nob�ce�y mail to tfre fnsurance carrier and Beneficiary.8�,°�e�crary r;��f�,;�ake proef ot fass if no�
<br /> made prom�tl��cr in proper form by Tru_M��A/l poGcias of insurarrr„�and any and all reficr,�c:,`unearsied premiums�::r hereby
<br /> asslgned fa G-�-eflciary as additiona!sc-�riry tor tlre payment at.=nrc-�ndebtedness.!n the�rr�a-:af Benefrciary's ex��3 at the J���r:��. �
<br /> � � of sa/e cont�rrF�herein,or in the eveni of forecfo�u��,ai!rigt�,u�fi�:�:d:�t�r��i:f Frustoi in and to any insurence�S�u:�r then;�fr�r�? � .
<br /> � shal!pass to the purchas�s-w�the trusiee's sale or furc�tdsura s�:,:��„�A;���^f(oss,tha insuran�e pra�.�eds may,af ifre oFu��.�11.�
<br /> Benafreiary,be applied��;�wtiEflciary ucan the lr,dc��dnP�,�.�-:��f 1�.�ti7a��f.and fn such order�.,�i;:�ount as Benafici�y.�rrr� . • .
<br /> datermi�e;or sald fisvr.���,�rc��d�;.&z�ha optian 3f Bet�Eficr�-•�y ei°��T�e used in replacfng nr r�;�:�ring the�'iusf Pra��t .
<br /> partia/ty or rotalty destroye�t��ccr,�.�ra-�aL�sfac:Ol)/10 B@R6"G�?!ti"��sa:�;^'surance proceeds,ar Q.�po;tlon ther�a5,may b�
<br />_ �@J@aSBd f0 Ti��1Sttl1.Ur./2SS ierE.`;Ci:sra,?L-����uStOV��!`?BfW.'e.0�;�^.+�S�w,��r,r,.,:�,ny such applicaffon cffa.s��;rance p�ocaedssha'l r,:cl:
<br /> cvr.end�r p��nne the�✓�y�c`tir4;u n or er�ir.�.�-�llm�r..�::.;.`.�C for if7;�tfR_�r char.g�,•,;re 2rrc���s�s/such installments.!t Li'ns
<br /> � �:r�.tit FroRa,Ky is BCqurr�;��r9ene.`,P.�:cy�ursu&r:Y'_��:,a exercise of:he paxcrn.f s2te orr�-.r-,�farec�a�.rre,ali rigM,btle and fnieresf of
<br /> � Frvstor in and io any insu��r.ce prvc���;payable as a resutt af damage to the Trust Pro�G,�r-•�rlo�to the sale or acquis�rion sha/l pass �
<br /> ' to Beneflclary and sha/1 be applied 6r°ra the casts and expenses,Tncluding attomey fees,:�euaed/n coJlecting such proceeds,then
<br /> in the manner and in fhe order providec�herein.
<br /> � 8. Presenration and Maintenance of Trust Prnperty. Tiustor wlil ke8p the buitdings and other improvements now or herealter erected on ' '
<br /> ihe Tiust Property!n good re,oair and condition and wil/not commit or permit waste,wi/l nnt a/te�the desrgn oi strucWra!character .
<br /> constituting any bullding now or hereafte�erec[ed on and constituting the Trust Property without the prior wiitten consent of
<br /> Beneficiary,will not do any act or thing which wo�(d unduly impaJr or depreciate tha vaiue of the Tiust PropeAy and wl11 not abandon �
<br /> the Tiust Prope�ty. 7rustor will not remove any fixtures constituting the Trust Proparty un/ess the same aie immediately replaced with
<br /> like property sub/ect fo the lien and seCUrity interest o/this Deed of Trust and ol at least equat valu9 and utiJiry. Tiusfo�wi/l comply with
<br /> aQ present and future ordinances,regutaGons and requirements of any governmental body which are appllcab/e to the Trust Property
<br /> and to the occupancy and use thereof.li this Deed ol Tiust rs on a unid in a condominium oi a planned unit deve%pment, Tiustor shall
<br /> peAam a�l ol Tiustor's obligations under th�decia�ations o�covenants creating or c�overntng tha condom/n/um o�the pianned unit � i�
<br /> deve/opment,the bylaws end regulations ot ths condomJnlum or plannad unit deve/opment,and tha constifuent documents. •
<br /> � 9. Inspection. 8enoliciary or its agents may,at a!I reasonable dmas,enfer upon tha Trusf Property for tha puipnse of inspection. �
<br /> Beneficiary shal!have no dury to make such inspection and shali not be liable ro Tiustor a ta any pe�son+n possesslon il it makes or
<br /> faits to make any such inspecGon.
<br /> 10. Piotection ol Secu►iry. Jl Tiustor fa/ls to pedorm any o1 the covenants and agresments contained in this Deed ol Tiust, ar if sny�cGan '
<br /> or proeeeding is commenced whlch does a may adve�sely aNect the Tiust Property or the Inte�est of Tiustor or Benef=cr��ttere:•n or >
<br /> the titla af Trustor thereto,then Bene/iciary,at its option,may pedorm such convenants and agreements,make such 2�r���ar�rces, •
<br /> defend against artd investigate such acUor�or proceeding and take such other action as Beneficiary desms necessary to protecr�:s � �
<br /> lnte�est inc/ud/ng,but not/imlted to,dlsbursement o/reasonab/e attorney lees�rd entry upon the Tius�Prope�h�to make repairs.Any '
<br /> amounts�i/sbwsed by Bene/iciary pu►suant to thls paragiaph 10,with inte�est fhereon,sha!!canstitute Jndobtedness at Trustor
<br /> . secwed by this Deed ol Trust Unless Trustor and B�nefrciary ag�ee to other terms ot paymen!,such amounts sha/l be payable upon -
<br /> notice/rom Bene(iciary to Trustor requestinD paymerrt thereof,and shai/bea�interest/rom thg date of disbursement et the defauft rate,
<br /> il any,set tonh in the Note,or othen�vise at!he hlghest rate pe�mitted by la►v.Nothing contained in this paragraph sha1;requlio
<br /> - Benellclary to lncur any expense or take any actlon hereunde�. Tiustor inevacably authorizes and empowe�s Bene/ic/ary to enter upon
<br /> the Tiust PropeRy as Trustor's agent and,!n Ti�stor's name o�othen�vise to perfam any and al!covenanis and agreements to be
<br /> pe�lormed by Tiustor as herein piovided.Beneficlary sha11,at its option,be sub�ogafod fo any encumbrance,tien,claJm or demand
<br /> and to a/l righ;s and secu�iiies fo�tho paymoni thereof paid or discharged by Beneficiary undor tho p�ovlslons hereol and any such
<br /> subrogatlon rights sh�ll be additiona!arrt!cumulative secu�iry fo�this Deed of Trust.
<br /> _ 11. CondemnaUon 7he proceeds ol any awa��or clalm for damAges,d+rect or consequsntrel,in connaction with any condamnallon or
<br /> ofhe�taking o!the Tiust Proporfy,or any part the�eof,or for conveyance!n lieu o1 or in an[icipation of condemrtatlon,are hereby
<br /> dsslgned to and shall be paid to Boneficiory. Tiustor will lilo and prosecuta,in good laith and wilh duo diligenee,its clalm lor any such
<br /> - award or payment,end wiil cause the same to be collected and paid to BerteJrciary,and,shou/d il lail to do so, Trusror irrevacably
<br /> i ��thoNzes 8nd empowers Beneficlary,in the nama ol Tiustor or othe�wlse,to lile,piasecute,sett/e or comp�omise any suCh clalm anQ
<br /> to collect,receipt!or and retain the p�oceeds.ll the Tiust Piaperty is abandoned by Trustar,or,alter notice by Benelrclary to Trustar
<br /> that the condemna of/ers to make an award or seft/e a clalm lo�damages, Tiustor lails to iespond to Beneliciary wlthln thlrty(30�days
<br /> after the date such notice is malted,BonelJciary is authorized to coliecf and app/y the proceeds in tlto manner indicated hsrein. Tl;o
<br /> proceeds of any awa�d or clalm may,after deducting alJ roasonab/e costs an�exponses,including aKorney fees,whlch mny have
<br /> beenlncu�red by Berteliclary in the co.`Pa;tion thereof,at the sofe discrotion of Beneficiary, be roleased to Trustor,appli�d to ,--- ---
<br /> � �� restoiatio»of Trust Properfy,o�appLe�cr�the paymant o!the lnde:;�edness. Un;sss Bene*rcfary and Tiustor othenv�se agrEe in�vrtling, •
<br /> any such applicatlan af proceeds to fr.�abfedness shail not extend or postp�:�s the duo date ol the IVote or ihe paymont of uny �
<br /> �.�sta/lmants callod tor thereunder.
<br /> 12. �:;sto�Not Released.Exlsnsion of the time for paymoni o�modificaG'on o!a��u^��rt,zat�0�Of fhe in�1'eG<'rS��'.3ss gr�nted b�Banafic�ary ,
<br /> '7 dny suCCessor!n intetest ol Tiustar s'r:�Il not Ope�ate to re%ase.!n any mar.^Qi,the li�0'l.�:�ot Trusto�anat Tr.�,s,n�:;r.��ccc�ssvrs in•
<br /> lnieifisi.Be��ciary shali nat be reqJ���3'D Commencv proceetl.:�;�s again;±sLCh suCCe��s»o�reluse to extond hmv lor payment or
<br /> oiho�wise r.'��.;�amorlization of tha 1^��_3tedness by reason of w�.,•yemar.�'.m.�ys by Trustar and 7iustor's success�rs �'f
<br /> � rn Jntelest , �
<br /> ' 13. Financia!Inlo;~ralion. Upor.���qupst c1 aenetic/ary, tiustor wrtl p�;,:�,'3 to Bonet�crary, within ninery(90}days o/the ciase ol each lisc�!
<br /> � yo�r af T�ustor,`he Consolidtrted tra.'�.-:�sheat and statoment o`s�rnings of T►usio�and any�nd all gua�anto�s vf thn Indebtedness `�
<br /> � secuied her8b;�,If any,and wi/J ptovi�s and doliver to BpiteGc�S�y such ofh��li�rancial inlaimation and in sach nrt�nnt�r��s Benelrc�ary �cryp
<br /> ti• may►easan�b�y�equest fiom fime tu hm8. �
<br /> ,{�, l4. Fm�nc�a!Cdvananig.In additior►to any nthei linanciai covsnsnts o/trustar mad�r�n any athor agreernerTE,msHumant w dvcumc�nt. ' "
<br /> �`-f� Truslor shall Comp/y viitij�ud sheli c��tst�nny�rnc!alt guarc�ntots o/ths Jr►debtpdness soctoet/�re�r.by to camp/y with,rn 6Er nr ''
<br /> ,� camp/rtirrcu viitir,thv lopowmg tnranCial cUVenanls. (This pa�ayiapii shall nat,�pp►y rl cbvonanfs and+dqu�remorrl�:crrr rn�t sc�f
<br /> � �i: ►onh no►o„►.�
<br /> }��;, 15 SChodulo Q!Leasos Wrthrn t�,n/tp��fays�Ite�de�nrrncl, t�ustu�slial!lum�sh�u Henc�l�r.�crry c�scf�c�dulc�. rf,rt���t�d l�j hr tiustr�r �t,tl�rur
<br /> , .���xF• lotUr r�li fEl1i5H5 vl fhu Itusl Pr1�/�Ptiy. hl Uny po�frt�»fhrrcvl.�ncluUnfg ur e;u:ir c�r;E�.�nr�n.�nu,.c1t Uie�frvr,�nt�:�»ni'�'����,t�ih: ,f�1r�crnl�tmn
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