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<br /> rrtsuranca premrums,grouad rents.and a�!otner cnarges svnatsoeverleu�ed upon ar assesseor,placect or made aga�nsE th.e Tr�sE
<br /> Properry.Tre�stor furttrer agrees,upo»wntten request by Benelic�ary.to promptly det��se�to Beneficrary a!I receipts foi the payment af
<br /> � such ctra�ges.Truslor IrNewise agrees ta Fay a/i taxes,assessments and other charges levred upon or assessed,ptaced or made
<br /> ayarnsi,or�redSU%8d by,thas 118ed af Ti;;st�r th�re�crda7ctt he:rCt.
<br /> 0 5. Application of Payments.Al!payments received Dy Benst,ctary as fo ar:y debf.habrl�ry or obl�gaUOn owed to BeneJ;crary Dy Trusfor
<br /> 1� may be applied by Beneficiary to Eho payment of the lndeDfedrtess n�io any suCh other dabt.�iabdiry or obligation,rn any order or
<br /> � rI marrner of applica6orr whrch Berteficrary,rn rts a@s�lute dlscrafron.deems app�opnate. !lnless othenvfse elected by Beneficiary,any
<br /> Q such payment shal!be deemEd applieG firsi to the payment olany debt,tiabi;ity or abligafion.otirer than the Nofe.
<br /> �6. Chaiges:Liens. Ttustor uvrll keep the Trust Proparty�ree hom all liens and encumbrances which rn any way may,rn tha�udgment of
<br /> � Bsneficiary,have p�ioriry aver,or impair ttre securrty ot,thrs Deed of Trusf buF Frustor as�d rtot discharge any such iiea so/ong as
<br /> Tius[or shall agree,in writing,to pay the obligation secured 6y such lien;n a manner accepfabte to Beneticiary and shal!rn good faiih
<br /> contesi such lien by appropriate lega�proceedings elfective to prevenE the enforcemant of the Iren and the foss of any interest in or
<br /> � paR of the Trust Property. •
<br /> � T. Hazard Insurance. Trustor shall keep the buildirtgs artd other improvements rtow ex,sting o�hereafter erected on[he Trusf P�perty
<br /> insured by insurance camers satislactory to Benefrcfary against/oss by fire,hazards included in the term"extended coverage"and
<br /> sUCh otherhazards,casualties and contingerrcies as may be required by BeneBciary,in such amounts and for such periods as may be
<br /> requr:ed by Beneficiary. The pvlicy of insurance sha/!be in torm accepfable to Bene�ciary,provide that the sarrre may noi be
<br /> cancel,'ad or modifiea withcut fifteen(15)days prior written�otice to Benefleiary,an�shall have loss payable provisions in favor of arrd
<br /> in form acceptable to Beneficrary_Rp premiums on insurance palicies sh�li be paid�n the manner provided unde�paragrap8 4 irereot
<br /> or,it nof paid in such rnanner,by Trusfor making paymenf at teasf fritaen(�51 days prior fo the due date,drrectiv te the insurance
<br /> canier Benehciar�s'�If have the nght to hpld the policiss and renewal��he.�sot and Trusior sha!!prompily fumish to Benefrc<'E.��r al!
<br /> renewa!na+�ces 2.^�t a�!paid p;nrr.ium receipts received by it.ln no eve:-°,t-�"Eene•`.�c=ary or Trusiee be he/d responsib!e fer�`-�;:ure fo
<br /> pay i�,::�.�ce pr2�+ivms or for��;;ioss�r damage ansing out of a�s`��r�:�;parr�:�r arising ouf of any farf�:�ot any rns::r�.:�a_
<br /> ecr;,:+a;��payforany/ossordamageins�redac�ainstor.`uTiai;Jreb.� Tiu�-1�-�u�*`a_r�"�einsura::zrequired 1��reun�e;.:n��._:c-:�'
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<br /> 35S1�i."�.tf{Ct:�:'c��f�(:i:9'��S 2��'°G"��SEGi�•-�YJv.'���c.r'.:"f5'}:L°"�`!s`r:f:�'`v� .=,58. L'1::�2VBrt @���`£�.`.'�"_1I5�..="�.Sa C�;�:?��If'Ef .
<br /> � OrSr',;5'�u.;`�'.:';�•�.°.a'�i" :, :,'.i?'B�'v'2"t Of`����'��::t@.e� °7.'i:'S�":+.7^.t..�._--�`i C��:r,�%in artd to any ir.sc,-2rc3^Circy�:er,�r.foice
<br /> sha'f p�.�*a:t,a�.:-���_-=_ -.�,s�e's sa�e cr forec�as:e,-�:a'�.!n��s::�. �-y =.-�.tfie insurance proceed�rr�ay,at the optio,�of
<br /> . Beneficrary, be a��a�,c���.����=a���✓cpr.r,fhe lndebtedness,o�any,z=_r jh�:eot,ar�:n such order and amounl as Beneficiary may
<br /> detemrrrre;or sard�,�:...r.�-c��•_cc.��.ar th��piion oi Beneficiary,m,y�:�r�r be�sed in replacing or restodng the t�usi Properry
<br /> paRraity or totapy des:rayed to a��<-c�i�an sarrsfactory to Beneficiary;or sard insurance proceeds,or any portion thereot,may be
<br /> released to Trt�stor.Uniess Benet:�iary and Trustor otherwise agree�n wnting,any such application of insurance proceeds shall not
<br /> extend or postpone the due date ot the Note,or any instaJlments called fo�therein,or ehange the amount olsuch installments. U the
<br /> Trust Pioperty is acquired by Benefic�ary pursuani tn the exe�cise of the power oi sa/e or other taeciosure,aIl rrght, tide and interesf ot
<br /> Trusior in and to any msu�ance proceeds payable as a result ul damage to the Trust Properry pria to the sa/e or acquis�tion shall pass
<br /> lo Berteficiary and shaJl be appl;ed first to the Costs 2nd expansas,mcluding attomey lees,incuned in collecting such pioceeds,then
<br /> rn the manner and rn the orde�prowded herein.
<br /> 8. Presenrat�on and Maintenance of Trust Property. Trustor wrll keep the buildings and other rmprovaments now or lie�eafter erected on
<br /> the Tr�st Prop�rty in good repa�r and cond�tran and wdl nat commit or permR waste, will no!alter the des�gn or structuraf cha�acte�
<br /> constrfutmg any budd�ng now or hereafter erected on and const�tut�ng the lrust Pruperty without the prior written consent o1
<br /> Benefic�ary, will not do any act or th�ng wh�eh would unduly impair or depreaate the value o!the Trust Property and wili not abandon
<br /> the Trusf Properry. Trustor wdl not�emove any Gxtwes const�tutrng the Trust Property unless the same are immediately replaced with
<br /> l�ke property sub�ect fo the lien and security�nteresi of ih�s Deed ol Trusf and o1 at least equa!value and ut�l�ly. Trustor will comply with '
<br /> all piesent and futu�e ardinances,regUlatrons and iequi�ements o/any governmenta!body which are applicable to Ihe Trust Properry
<br /> and to the occupancy and use the�eof.ll this Deed of Trust is on a un,t in a condominium or a planned unif development, Trustor shall
<br /> perform all of Trustor's obligatrons under the decla�ations or covenants c�eating or govemin,q the condominium or the pianned un�t
<br /> development,the by�zws and regutat�ons of tne condomrnium pr plannerl unit davelopment,an�tt�s constituent documents.
<br /> 9. Inspect�on. Senef:c,-�,or�ts agents may, at a�:�c-asonab�e trmes,enter 4r:n the Trust Proper?y for',he puipose of inspect�cn. '
<br /> Be�ef,c:ar�shaJ r,a.� �C Cu*y'G.meke suCh rnspeCl�on anC shall not be hac.e tc Trc.;':r�r fo any person�n passessian Uit rr�f�es or ; � -���
<br /> fads to maxe any s�:- -spechon. �
<br /> 10. Protechon ot Sec�•'�,� N Trustor laiis to pe�le�r�any of the covenants a-.Y agreome^*s c'onta�nec'ir this Deed of tiust,or rf::���ciron
<br /> or proceed�ng�s c.^����enced which does or^�ay adversety affect the TM:.�t Aropemj or 1he intErF�st of Trustor or Benelici2�;•:`,=.��,n or . �
<br /> the titia of Tiustor[•!,erato,ihen Benv/raar,�.a��:,option,rnay perfam such convenar::s and a5r�ements,make such appe2.����es. ,
<br /> defer.G against and invest�gare s,:.•ch acbon or proceed�n,and take such other act�an as Beneticiary deems necessary b protect i!s �
<br /> �nrerest including, but not lim�te� �:^.,disbursement o!reasonabfe attorney fees and e-±r�upon the Trus!Property to make repairs.Ary ,.
<br /> amounts disbursed by BenBfic�ar�pursuant to this pa►ayra�7tr i�7,with interest thereon,shall ccrs'tute lndebtedness of Tiustor
<br /> secured by this Deed of Trust. Unfess T�usto�and Beneficiary agrea!o other terms ol paympnt,s�.ct►amounts shall be payable upon .
<br /> notice Irom Beneficiary to�rustor requesting payment Ihe�eol,and shali boa�inferest Irom Iha date of disbursement at the delau/f rate,
<br /> d any,sef forth in!he Note,or otherviise at the highest rate pe�mitted by law. Noth�ng containeU in thrs paiagiaph shall require �
<br /> Benel�crary to incur any expensd ar take tany act�an hereundor. Trustor inavocabry aurh.orizos and empowers Benehciary to ente�upon
<br /> the 7rust Proporty as 7�ustor's agont and.�n Trustar's namo ar otherviise to pvrform any and all covenants and agreements to he
<br /> peAormed by liusto►as herein provrded. Benalrr,iary sha11,at ds ophon, bo subrogafed to any encumb�ance,l�an,clalm o�demand
<br /> and to eli nghts�nd�ocwities(or the paymt�nt tho�eol paid or drschnr,qed by Benef�ciary unde�the provis/ons hereo!and any such
<br /> subrog�tion rights sht�Jl be addit�onal and cumul&tive secui�ty lor this Deed of Trusf.
<br /> 11. CondemneGon.Tho procoeds of any��iard ar cla�m lor damages,direct or consequenbal,in connechon w;th any candemnation oi
<br /> other takmg oP tha Trust Praporty,or any part fhor�ol,ui/or conveyance in Ireu ol or m anbcipatran of condomnahon, are hereby
<br /> assi�nQd fv�incf shal!hd pa�d to Berrehcruy Trustor w�11 l�lo and p�osecuto,in yood laith and with duo ddigenco.its clarm lor any such
<br /> awdrd or paymont.end wiU cause the san��r to bo calfected�.nd pvici tv Ben�ficiary,and,sirould it lad ta do so, Trusior inevocably
<br /> t�u!ho��z�s and smpo.v��r;;F3e�r�hclar�,rr�!h��n.;�nru o!Tr!�stor or ntherwrs^,ta file,p�osecuto.ssftle ar compromiso any such cla�m and
<br /> �o coflact,recoipt lar�ind►etam thv prviceeds 1/ihe Trust f�roperty is abandoned by 7rusf0�,ar,aliQr nohce by Benel�ciary to Trustor
<br /> tl�at Ihe cundern►wr utf�,�s tu rnal�e vn dward u►seMle a c�a�m la damagvs, Trusroi fads to respond to Beneficiary w�rhm 1h�rty I�U1 d�ys
<br /> atte►tho date such nonce rs m�rdoU. Honclrcrary is au�honzad to collOCt and appiy the proceetls m the manner i�dlCatad ha�e�n The
<br /> procavds uf any�wa�d vr cJaim may.alter deductrng aU�easonab/e costs and expenses.�nekid�ng atto�rrey fu�:s,whiCh may havo
<br />' bQen�ncuned by f�en�f�c�ary rn the collecfian thoreol,at thQ sole discretron af Benel�aary,be roleASad to Trusto�.apphed to
<br /> �estu�atron ol Trust H�aperty,a,applrod b the paymant of tha lndebfedness. llnless Beneficiary s-9 Trusfoi o►herw�se agree.n wahn,q. ��--�----=---
<br /> any such Apphcation ol p�aceeds to Indebtedness shall not exte�nd vr pastpone the C_.s �Jate of tte Note ar the paymont cl any •
<br /> �nst��llmonis calfed lor thereunG:r
<br /> 12 Trustor Not Released Extens�a.o r"ho t�me`ar payment ar madnc�aUan ol any amon.�zat,on ol fhe Irdebfedness y�anted b�$e..;�i�c..:;°i
<br /> to arty succassor.f ^t�rest ol Tr,;sior shatt-����perate to►elease,in ar.f mannoi, the nab�l,ty ot 7r;,,tpi and Tru_:ror s succ:ess��s�n ,
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<br /> OtAE',e;_9 rr:ry0.'y =;."�7/',it����:�:�-,.F. �aer..'E��lness by�eas�n of any�emand made�!T'��Stb;�?�`[:T�US!n'.r.�1'��;:OlS � •�
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