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<br /> rnsurance p�sm�ums, grpund ronts, and all other charges svhatsoever le��red upon or assessad,placsd or made a�arnsi tho r t�
<br /> Pro,porty. Trustor lurther agreos,upon wr;tten request by Benaliciary,to promptly debvor to Benehc;ary al!receipts for th�payment ol
<br /> suc'h charges. trusfor l�kewiso egreos!o pay all faxes,assQSSments arral oth@�charges lov�ed upon or assessed.placed or rnadp
<br /> aflaiRSt.or mvasured f�y, this Qepd olTiust or the racordation hvrfol.
<br /> 5. Appl�cafl��,��;Aaymenr.Alt payrn�nts recs;ved hy Benetic+ary es to any debt,lrab�liry or obtigation owed to Benafrciary Dy Tiustor
<br /> mey De applied by Bene�iciary fo fhe payment ol the Indentedness or ro any such othei dsbt,liability or obligation,in any order o�
<br /> � manner ol dpplicadon which Beneflciary,in its absolute disc�etion,deams appropriate. Unless otherw�se elected by Beneficiary,any
<br /> such payment shall be deemed appfied lirst to the/aaymertt of any debt,liabiliry a obligation ofher than►he Note.
<br /> 6. Charrgss;Uans. Trystor will kaep the Tiu�t F�operty Iree from ali liens and encumDrances which in any way may,in theludgrraent o1
<br /> Beneficiary,hava prloriry over,or irrrpe�r the security of,thrs Daed o!Trust but Tiustar naad not discharge arry such lien so turrg as
<br /> Trusfor sha!!�grea.in writing,to pay tha obligation seeureci by s�ech lien in a manner accepfabla to Baneficiary and shall in goad laith
<br /> cont6st sttch lie��by approprrate legal procaedings effective to prevent the entorcement oi the lien and the ft�ss ot any inte�es2 rn ot
<br /> pa�f of tha Tr�si Froperry.
<br /> 7. Nazard lnsursnce. Tiusbr shall keep the buiid+ngs and other improvements now existing or hereafter e�ected on the Trusf Prope�ty
<br /> Insurnd by insurance ca�riers satislactory fo 8ens�rcisry against loss by fire,hazards included in fhe terrn"extended coverage"and
<br /> such other hazards, casualties and contingencies as may be requ;red by Benenciary,!n such amounis and for such periods as may be
<br /> requlred Dy Beneficlary. Tha poticy o1 insu�ance shal!be in form acceptab/e to @eneficrary,provide that the same may noi 6e
<br /> caxelled or madilied without filteen(15)days prior written notice fo Beneficiary,and shatl have loss payable provisions iR fa�ror of and
<br /> !n form acceptaDle to Benenciary.All premiums on insuiance policies shal!be pald in the manner provided under paragraph 4 bereol
<br /> or,if not p8id ia such manner,by Titistor making payment a!/east lineen(15)days pnor to the due date,direct/y b the insurance
<br /> carrier. Beneficlary shal!have the right to hold the policies and renewals thereol and Trustor shall prompt/y lumish to Bene�iciary all
<br /> renewal notices and a!I paid premium receipts received Dy it.In no event shalf Beneficlary or Tiusiee be he/d responsib/e fo�failu�e to
<br /> pay insurartce premiums or for eny loss or damage arising out o�a dafect in any policy o�arising out of any lailure of any insusance
<br /> cornpany to pay tor any/oss ar damage insured agalnst or t4�r failure by Tiustor to eKect the insurance required hereundef!n the eveni
<br /> of/oss, Trusta shall give prompt notice by mai!to the rnsu�ance carrier and Beneficiary. Benenciary may make prooi of lass�`not
<br /> made promptty or in propei form by Tiustor.A!!policles of insurence and any and all re/unds ol unearned premiums are hereby
<br /> esslgned to Beneficiary as adrlitional security for the payment e1 the Indebtedness. In the event o1 Beneficiary's exerclse of the power
<br /> o/sate confained herein,or in the event of foreclosure,all right title and inte�est of Tiusto�rn and b any insu�ance policy ttten in force
<br /> shail pass to the pu�chaser at the t�ustee's sa/e or fo�eclosure sale.In case o!any/oss,the insurance proceeds may,at the e�bon a1
<br /> : Beneficlary, be applied by Beneficiary upon the Indabtednass,or any part thereol,and in such order�nd amount as Beneficiary may
<br /> determine;o�sald insurance proceeds,at tfie option ol Beneficisry,may either be rrsed in replacing or restoring the Tiust Properry
<br /> . partially or fota!!y desboyed ta a condition satislactory to Beneficiary;or said inswarr�e proceeds,or any portion the�eot, may be
<br /> re/essed to Tiusior. Unless 8ene�rciary and Tiusto�othenvise agree in wdting,any such spplicatron o1 insurance proceeds shal!not
<br /> extend or postpone the due date of the Note,or any instaUments calied for the�ein,or change the amount ol such install�rrent�. If the
<br /> Tiust Property is acqui�ed by Beneficisry pursuant io the exercise of the power o1 sa/e or othei foreclosure,atl righi,tiile arrd interest of
<br /> Tiustor in and fo any insurance praceeds payab/e as a result o1 damage io the Trust Pioperry prior to the sale or acquisiiion sha!!pass
<br /> , to Benefrcrary and shaii be applied frrst to the casts and expenses,including attomey fees,incurred in collect�^�such proceeds,then
<br /> in the manner and in the order provided herein. ,
<br /> 8. Preservation and Maintenance of Tiust Property. Trustor wi11 keep the buildings and oiher imp�ovements now or hereaRer erected on
<br /> Me Tiust Property in good repai�and condit�on and wil�not commit or pe�mit waste, will not alter the design or structu�al c�►aracte� '
<br /> constituting any building npw or he�ealter erec2ed on and constituting the Trust Prope�ty wiihout the prior written consent of
<br /> BeneNciary,will not do any ac!or thing wh�ch wouid unduly impair or deprec;ata fhw va�u?o!t.he Trusi Properhf sad s•rrtt rs�t atr�rrdan
<br /> rhe Fiusr rroper[y. Trusior witl not remove any nxtu�es constituting ihe Trust Properry unless the same a�e immedistely replaced wiih �
<br /> like property subjecf to the lien and security inreresr of rn;c noa��r T.��St�;;��r������f y��un a��ti uirii"ry. irustor wili comp/y with
<br /> all present and future ordinances,regulations aRd requi�ements of any govemmental body which a�e applicable to tho Trus!Property
<br /> and to tha occupancy and use thereof.l/th;s Deed of Trust is on a unit in a condominium or a pianned unit deve/opment, Tiuscor shall
<br /> pedarm a//of Trusfor's obiigations under the dec/aratrons or covenants creadng or goveming the candominium or tha planned�nit
<br /> development.the by/aws and regutations of ihe condomirium or planned unit development,and the constituerz documents.
<br /> 9. Inspectron.Beneficiary or its agents may, at all reasonab��e r."rnes.enter upon the Tiust Property for the purpese of inspection. � `
<br /> Beneficiary sha/i have no dury io make such inspection and shall not be liable to Tiustor or to any person in possession it it makes or
<br /> tails to make any sueh/nspection. .
<br /> 10. Protection of Securi;`�. If Tiustor laits to pedorm any of the covenants and ag�eemenis contained in this Deed o!'Tiust,or if any action
<br /> or prxeeding is commenced which does or may adversely aflect the Tiust Property or the interest of Trustor o�8eneficiary theiein or �
<br /> the tiile of Trustor thereto,then Beneficiary,at ris option,may pe�form such convenants and agreements,make such appearances,
<br /> defend against and investigate such action or proceeding and take such other action as Beneficiary deems necessary io protect its ;�
<br /> interest including,but not limited to,disbuiseretent of reasonatile attorney lees and entry upon the Trusf Property to make iepairs.Any
<br /> amounis disbursed by Beneficiary pursuani rcr this paragraph 10,with interest thereon,shall consiitute Indebtedness ol Tiustor
<br /> secured by this Oeed of TrusL Unless Tiustor and Beneliciary agree to other terms o1 payment, such amounis shall be paysble upon *�
<br /> notice trorn Benefrciary to Trustor requesting payment thereof,and shall bear interest f�:om the date of disbursecrrent at the delault rate. �
<br /> if any,seF forth in the 1Vofe,or arhenvise at the highest rate permitted by law.Nothing contained in this paragraah shall require
<br /> 8ene6ciary to incur any expense or fake any action hereurrder. Trustor i�revocably aurhorizes and empowers 6eneficiary ra enter upon
<br /> the Trust Property as Trustor's agent and,in Trusto�'s name or otherwise to perform any arrd ali cc�enanls and agreemencs to be
<br /> pedormed by Trustor as he�ein p�ovided.Beneficiary sha!/,at its optroa,�e subrogared to any encumbrance,lien,claim o�demand
<br /> and to a!l rights and securifies for ihe payment thereof paid or discharged by Benefrc%ary under the provislorts�ereof and any such
<br /> subrogation rights shall ba additiona/and cumulat;ve securi�for this Deed of Tiust.
<br /> 11. Condemnation. The p�oceeds of any award or claim for damages,direct or conseqvential,in connection with any condemn.ation or
<br /> other faldng of the Trust Propetty,or any pan thereaf, or for conveyance in lieu of or in an6cipatio�cf condemnation,are hereby
<br /> assigned fo and sha16 be paid to Beneficlary. Trustor wil!file and prosecute, in good faith and wrrn d�e dilrgence.►ts claim lor any such
<br /> award or paymerrt,and wil!cause the same to be cotlected and paid to Bene6ciary,aRd,shoulC:;;ail fo do so, Trustor irrevoca6fy
<br /> autfror'z�s and empowers BenefiCiary, rn the rrame ot Trustar ar ofherwrse, fo lile,prosecute,seft/e or compromise any such claim and
<br /> to col.°ect, �eceipt for and�etain!he proceeds. If tha Trust Propeny is abandoned by Trustor, o�, aRer nolice by Beneficiary to Trustor
<br /> thet the condemnor offers to make an award or setrle a claim/o�damages, Trustor fa�ls to respond to Benelic�ary within thi�ty(30)days
<br /> afier the dafe such notice is mailed, Beneficiary is auihorized to collect and apply the proceeds�n the manner indreated herein. The
<br /> proceeds of any award or claim may, aRei deducting a!1 reasonable cosis and expenses,incluC:r.g attorney teFS. which may have
<br /> been incu�ved by Beneficiary in ihe collection the�eof, at the so/e discretron o/6eneficrary,be released to Trustor,applred to
<br /> restoratian of Tiust Property,or applied to tl�e paymerrt ol the Indebiedness. Un/ess Bene6ciary and Trusror othenvise ag�ee m wrinng, � �
<br /> any such appticat/on of p�ncwr��c rn�„�rAa�Qpna�sha!!no;szt8nd cr posipvne�fre due aate of the TVafe or ihe payment of any j
<br /> instalJments called for thereunder.
<br /> 12. Ti�stor Nof Released. Extension o/the trme for payment or moddfcation of any amorhzat�on of the Indebtedness grar�ted by Bene/rc�ary
<br /> to any succes&a in interest o/Tius!o�shall not operate to release.in any manner,the l�ab�tlty ol Trustor and Trusto�'s successors m
<br /> interest. 8eneficisry shall not be requ�red to comme�ce proceed+ngs againsf such successor or refuse to extend t�me for payment or
<br /> otherwise modify amort�zatron of the lndebtedness by reason of any demand made hy Tiustflr and Trr�sto�'s successors �
<br /> in interest. .
<br /> 13. Financia!Information.Upon iequest o1 Baneficfary. Trustor wrll prpv�de to Benphcrary, w,thrn nmery r901 days o�the close o1 eac�r lrsca� � �
<br /> year ol Trustor, the consol,dated balance sheef and statement of earn,ngs�l 7rustor and any and arr guarantors ol the Indebtedness �
<br /> seCUred he�eby,if any, and wil!provide and deliver to Benebc�ary such other l�nanc�al�n/ormat�on and�n sucn manre�as Benel�crary �to
<br /> may reasonably request/rom bme to trme �
<br /> 14. FinanCial Covenants /n addibon to any other Gnancra!covendnts of Trustor made+n dny viher ag�eem�n/ �n51�Umen(C��rin�-�.n�n- � ''
<br /> Trusto►slial!comp/y w,th and shaii cause any and a�l gua�antors vl the rndebted�ess se:��rea�,�.eL�rv c������v �v�th �,r nf� n
<br /> CO117PI18l7CB W�fh. �hB 1O110Yl7119 1�^:1liC471 CO�enants ITlr�s paragraph Sna��not dnpiy�l�n:E'n�n1S idnrt�[�qu,rPmpn•s�i�r. .�„I ti. •
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