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<br /> ti�sur��RCO pronuams,grounq ronts,artd all othor charges wnatsaovor lov�ed upcn or��ssc�sscd,placed ur m��n�clQa�nst th� lrust
<br /> PrOpv�ty. T►usfor lurther�greE:S,upvn wnKan roquest dy Oenohc+Ary.ta promptly deh�er to Qt,�nc�l�c�ary ai!re.co�pts for h;�;!?;mv�10l
<br /> �,'�+ such charges ?'iustor Irkowrsc�a�raos to�t�y oU feros,r��st�s.smPnts and uth�r cha�gQS le��ed upon ar assessed.p/aced or ntaUo
<br /> Q aga�nst,or measurad Dy,this t?Eted oi T►us[or tho rEtCOrdAhan hereni.
<br /> �j 5. llpplrcation al Paymen�s.All payments rer.e►ved by 8eneliclary es!o any ciebf, 11ab�lefy or ohl�gaUan awed fo E3onahcrary Dy Trustor
<br /> � may be apRlied by 8Qneli�iary to the payment o/tht�Indebtedness or to any such othar debt,l�abdity or oblrgntion,in any order a
<br /> 0 manner ot application which 9eneticiary,in its ubsotute drscretion, deems appro�nriate. tlnless otherw+sa elected by Benelierary,any
<br /> � such payment sha11 be deemad applred lirst to the payment�t eny dobt, Uab�lr�y or pDl�gation othe�than Ihe Note.
<br /> 8. Charges;liens. 1'rustor w�ll keep the Tiust F'roperty Iree f�om all liens and encumbrances which in any way may,rn the/udgrr,ent ot
<br /> Benetrciary,have Qriwity cJV�r,or im,caii the securiry ot, iitis Deed ot trust bt�t trusfor need no1 discharge any strch I+en so lo+ty es
<br /> Trusro►shaN aqree,in w�iting,to pay the obligation sacured by such fren in a manner accepiable to 9enefic�ery and shall+n good lait!►
<br /> cor►bst such tien bY t+pQrapriate l�g�t prpc�edings efi�ctivp fo prevent the enforcement o!the lien and the loss of any interes!in or
<br /> part of the Tivst Propeety.
<br /> 7. Narerd lnsuisnce. Trusia shafl keop the baildings and otner improvements now exist+ng or hereatter erected on the Trust Prppe►ty
<br /> insured by lnserrartce canlers satislactory�o Benefrcrary agamstloss by fire,hazards inc/uded in tha te�m"e�ended coverage"and
<br /> , such oMer ha2ards,casualties and contingencies as may bs requlred by 8eneficiary,in such amounts and for such periods as may�e
<br /> roqulied by Beneficlary. The policy of lnsurance shall be!n fomi acceptable to Beneficrary.provide that the same may not be
<br /> cancalled a modified withaut lifteen(15)days pria written rtotice to Seneficiary,and shal!have/pss payable provis�ons!n favo�of and
<br /> In lorm acceptable to Beneticiary. A!1 premtums on insur�nce Frticies shall be pald in the manner provided unde�paragraph 4 Ae►eof
<br /> � a,if not pald in such manne�by Trustor making peyment at least�Ifeen(t 5)days prior to the due date,di�ectly to the insurance
<br /> canier.Benef�iclery shali have the�ight to hold the pollcies and renawals�hereol and T�ustor sha/l promptly fumish to 9aneficiary all
<br /> renewal rro4tces and all paid premiu:n receipts received by it c�rro event shall Benefrcrary or Tiustee be held responsible tor fa;lure to
<br /> pay ins�.r-,�ce premiums or for any fcss or damage arising orr�oQa de/ect in any policy ar arising oui ol any failure of any insurance
<br /> compar��r to pay for any(ass o�damaga insured agains[or far fa;lure 6y Trustor to effect tha insu�ance required herounder.In the event
<br /> ai/as.s, Trustor shalf give prompt noGce by mail fo the in�u�a:�ce carrier and Beneficiary. Beneficiary rr,ay make proof of/oss if not
<br /> made prar.aptty ar tn proper toim by Frusto�.All policies ol lnsw��anee and any and a!J refunds ol unearned premiums are hereby
<br /> assignea co Benef�clary as additior.a'secu�ity for the paymera!af the Indebtedness. In the event ol Beneticiary's exe�cise of the powe�
<br /> o/sale contained harein,a rn the Faent ol loreclosure,a!I rig�aL Atie and interest of Tiusior in and to any insurance pulicy then in force
<br /> ShN/pASS tb th9 pUlChBSB/8t fh9 I(25t6A's sale or loreclosure,r�tfa. !n case of any loss,the insurance proceads may,at the option of
<br /> Benefkiary,be applied by Beneiiclary upon the InveDtedness,or any part rhe�eoi,and�n such order and amount es Beneficiary may
<br /> detemtine:or sald insurance proceeds,al the option o1 Beneficiary, may eithe�be used in rep/acing o�restoring the trust Properry
<br /> partially or totaily destroyed fo a c�ndition satis/actory to 8eneficiary:or said insurance�C�dceeds,or any portion the�eof,may be
<br /> refessed to 7rasta. Unfess Benefr��ary and�►usLor otherwlse agree in w►i6ng,any such a�plication ol insurance proceeds shall nof
<br /> extenC c3rr,�ostpone the due date of t+►e Nate,a any lnstallmpr�ts called for thereln,or change the amount of such rnsta/lments.ll the
<br /> T�ust Prcaerty is acqulred dy Berteh'ciary pursuant to the exef;.�se a1 the power ol sale a other foreclosure, all right.title�nd inierest of
<br /> Trustar in and to anylnsu�ance proceeds payab!e as a resutt of damage to the Trusi Prope�ty prror!o:t!e sale or acquisition s�a�pass
<br /> to Benefic+ary and shall be applied first to the cvsts and e�Aenses, includrng attorney lees. incurre��^c.rollecting such p�oceed�s,fhen
<br /> In the rrc�,rte�and rn lhe order p�avlded hsrein
<br /> 8. PreservaCz��and Mainienance of Trust Property Frusto:a::.�ceep the bu�Idings and otner,^�►proveme^ts now or h.ereafier erected on
<br /> the Tiust P"raperry in good repalr and cond�tion a�d will notcammit or perm�t waste. �vril r��a:fe�tr.e des�gn orst�uctura!characte�
<br /> constitufing any burl(++ng now or hereaffer erectea'on and consntuUng the Trust P�ope�fy w�*hout fhe�ror wntten conseni a/
<br /> eenenc�ary, wii►not�o any act or rnirtg wn,cn wouro undury rmparr o►�epre�,ate me vaiug or tne !2s-PropeAy and wr�►not acra±rdon •--
<br /> the Tiust Prope►ry. Tiustor will not remove any lixtures canshtufing the Trusi Prope►ry unless the same are immed�afaty replace�'with -
<br /> . ., . likn rrnrn,n,rj�ciih��►rt jn�ha lian g,s_v_I c��riw�qta.ogt�e rhic�eaM n! Tn,cr anN nt at loact en..�l_vah�a anrl�ifr/itv Tri�stnr will cmm�lv wifh --_
<br /> all piesertt e�id/utuie o►di�ren�ces, �egula►rv�is artti�equ�renierr*s ul any,qovemmentat bev•;�h�ch are applieabte to ihe� Ttusf Piop&rty
<br /> and to the a:capancy end use the�eof. 11 th�s Deed o!Trust,s on a un�t in a cand�min�um or a planned an,t aevelopmeni. Trusiar shall ;
<br /> pe�form all of Tiustor's obhgations under the declaratrons or covenants creatrng or govRmmg the cen�ami»;um or the p/anned unit • � Y
<br /> deve/opment, the bylaws and regulativns of the condominium or planned unit development,ana!he Cc°stituent documents. •�`
<br /> 9. lnspecaarr Benef;crary or its agents may,at au reasonable nrnos,enter upon the Trust Properfy/o�the purpose cf rr;specdon. •J ,�
<br />. BBnefiCfary shall have no dury to make Such�nspectron and sha/i not be/ralrle fo T►ustor or fo any person rn passessron�f�t makas or
<br /> lails to make any such inspection.
<br /> 10. P�oteCtion ol Securiry.!f Trusfo�fa�ls to perform any o!the covenanfs and agreemants contained rr,m:s Daed of T�ust,or�1 any�caon
<br /> or proceeding is commertced whrch does or may adversety alfect the Trust Property or the,nterest of Trusto�qr Benefrcrary there;n or
<br /> the tifle o1 Trustor thereto.then Beneficiary, at ds opEion, may peAprm such convenants aRC7 agreements,make such appearances,
<br /> defend against and investrgato such achon or proceed�ng and take such othe�acbon ds!3w_nefic�ary deems necessary to proiect i!s
<br /> rnterest includrng,but not l�mrted fo.d�sbursement a1 reasonable attorney lees and entry upon the Trust Properly to make repa,�s. Any :.
<br /> amounts disbursed by Benelrcrary pursuant to th,s pa�agraph �U. w�th ir.terest tnereon,shall consiitufe IndeDtedness of Trusto� ''u��'
<br /> secured by this Deed oI Trust. Unless T�ustor and Benefrc�ery a,qree to ather terms af paymeni.such amounts sha/l bQ payabfe uflon �
<br /> n06ce fsQm Bene6Crary[o Trustor�equeShn�pay.ment the�e�f,and shall bear enterest from the date oi d�sbursement at the dela�r/t rete.
<br /> , �!ar}r,sei tprth rn the R/ofe,or othenv�se at the h,ghest rate pE��^��tted by law Atothing contarned rn th�s pa�agraph sha/l�eqw�e >
<br /> BereFaary to inCUr any expense or take any actron hereun�Er T�usror urevocably aufhonzes and empowers Benel�aary to enter upon
<br /> the Trus'.^�opeRy as Trustor's agent and, rn Trustor's name cr otherw�se!o perlorm any and a!f covenants and ag�eQments to be
<br />� peAormed by Trustor as herem prov�ded Benefr:.�ary shaU,aa�ts opi�on, be suDrogated fo any encumbrance.l�en,c/am or demand
<br /> and to aIl rrghts and secunt�es lor the payment tAereof pa+d a�d�scharged by 8enet�c�ary under ihe prov�srons he�eof and any such
<br />�. SuD�ogation rights shall be add�tionaf and cumulahve secunty lo�th�s Deed o� Trusf �
<br /> 11. Condemnatron. The proceeds ol any r�ward a c1a,m lor damages,drrect or conssquennal,�n cannechon w:th any candemr.ahon or
<br /> other taking of the Trust Prope�ty, or any pan thereof,or for conveyance,n l�eu ol or�n anfic�patron of condemnafron,are hereby
<br /> assigned to and sha�l be pa�d to Benefic�ary. ?rusta wr11 l�le.�nd prosecute.�n good la�th and w+th due d�l�gence. �ts crarm lor any such
<br /> award or payment, and wrll cause the same ro be collected and pard to Bene6c�ary. and. shou/d�t lar!to do so. Trustor�rrevocably
<br /> authorrzes and empowers 9enef�c3aR�,in the narrae o!Tr:lstQr or otherwrss,to tr[e.prosecs�te.setil�or com�sromiss any such Ga,m ana
<br /> lo colleCt,receipJ lor and rotaln fhe proCeeds.II t+�v rrust P�operty�s abandoned by Trustor, or,affer not+ce by Benefrcrary to Trustor
<br /> thet the cortdemnar offers to make an awa�d or sett/e a c/a,m !or damages. Trustor fa,ls to respond to Benefrc�ary w�th�n thrrty(30)days
<br /> alter the daPe such noh�e�s maded.Bene;�c�ary�s authos�zed to co►Iect and app�y tne proceeds�n the manner md�cated nerern The
<br /> proceeds o1 any award or cla�m rrray,aNar deducting a!!►easonable costs and expenses. �nclud�ng atiorney fees, wh,ch may have
<br /> been inCUned by BenefaC:ary m tAa coll�ct+on thereof,at the sofe d�scretron of Benef�c�ary.be released to Trustor, app/�ed to
<br /> i9Sto�ahOn of Tiusl PropertY,o�8p,y�hgd to the payment of►h� Indebtvdness Un/ass Bene/�c�arV and Trusfor oth�rw�se aaree m wrihno. • ,v___ _ -_
<br /> any suCh&aplrCatron of proceeds fo Irrdeb?edness sha/l not E xtend�r posfpone tho duu date ol the Note vr the payment ol any
<br /> in$ta�lments Called fe�the�eunder
<br /> '2. Trus[a Not Released Extens�on o1 the hme for p�yment ��modA:cat�on ol any a�ornzatrvn oi tne lr.aebtedness g�antec�by Qenehc�ary
<br /> to any SuccQSSOr�r, niir?�QSt OI 1rUStOr She!!nGt�,�e�ate to rel�ase.�n any manner,tne��ab:i�ty of 7ru510r 8nd j�usfo�5 SuCCes5or5�n
<br /> �nterest. Benehc�ary shau not be requued to conmence proceed�ngs agc+�nst sucn successor ur re�use ro extend nme lor�ayment or
<br /> othenv�se mod�ty amortzaUOn o�the lndebtedne�s b;+reason O����y dCmand�n8de D y TruSto��n� T�u�toi 5 SuGC�550�5
<br /> �n intere�! pt
<br /> � 13 FrnanG�.ai Infprmalrpn Upo��re�uest ol BenelrC�c'�y Tru�(c»�v�d p�ov;d�tu BerE>Ire�<a,ry. ..�th,r�n.itery�90i days c`tne ciost�<��cac��1�sca�
<br /> year o/Trustor. the conso.'�dated balance sheot and steiement rl�.�m�nqS Ci T�li_fG� �nd Lin�3nC1 all q���;��17r5��!�rtt�rndebrednt!SS ��
<br /> sEtCU:ed herel�y.d any. and w�ll prov�tle artd del,ve�fo Benefrr,�vry s.�c h ntnp� l,nanC �r��fprma.'�an ant��n 5uc/i r.�nner as f3enE�Lt�ary �
<br /> may�easonabry req�ost Ir�m r�me to hme �[
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