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<br />insurance premiums, ground rents, and all other charges whatsoever levied upon or assessed, placed cr made against the Trust
<br />Property Trustor further agrees. upon written request by Beneficiary, to promptly deliver to Beneficiary all receipts for the payment of
<br />such charges. Truster likewise agrees to pay all taxes, assessments and other charges levied upon or assessed, placed or made
<br />against, or measured by, this Deed of Trust or the recordation hereof.
<br />5, Application of Payments. Ali payments received by Beneficiary as to any debt, liability or obligation owed to Beneficiary by Trustor
<br />may be epp#ad by Beneficiary to the payment of the Indebtedness or to any such other debt, liability or obligation, in any order or
<br />manner of application which Beneficiary, in its absolute discretion, deems appropriate. Unless otherwise elected by Beneficiary, any
<br />such payment shall be deemed applied first to the payment of any debt. liability or obligation other than the Note.
<br />6. Charges; liens. Trustor will keep the Trust Property free from all liens and encumbrances which in arty way may, in the Judgment of
<br />Beneficiary, have priority over. or impair the security of, this Deed of Trust but Trustor need not discharge any such lien so long as
<br />Twwr Shall agree, in writing, to pay the obligation secured by such lien in a manner acceptable to Beneficiart and shall in good faith
<br />cci test such lien by appropriate legal proceedings effective to prevent the enforcement of the lien and the toss of any interest in or
<br />part of fire Trust Property .
<br />7, Hazard insurance. Trustor shall keep the buildings and other improvements now existing or hereafter erected on the Trust Property
<br />insured by Inaurance canters satisfactory to Beneficiary against loss by tire, hazards included in the term "extended coverage" and
<br />such ciherhazards, casualties and contingencies as may be required by Beneficiary, in such amounts and for such periods as may be
<br />required by Beneficiary. The policy of insurance shall be in form acceptable to Beneficiary, provide that the some may not be
<br />cancelled or modified without fifteen (15) days prior written notice to Beneficiary, and shall have loss payable provisions in favor of and
<br />in form acceptable to Beneficiary. All premiums on insurance policies shall be paid in the manner provided under paragraph 4 hereof
<br />or, if not paid in such manner, by Trustor making payment at least fifteen (15) days prior to the due date, directly to the insurance
<br />carrier. Beneficiary shall have the right to hold the policies and renewals thereof and Trustor shall promptly furnish to Beneficiary all
<br />renewal notices and all paid premium receipts received by it, In no event shall Beneficiary or Trustee be held responsible for failure to ;
<br />pay insurance premiums or for any loss or damage arising out of a defect in any policy or arising out of any failure of any insurance
<br />company to pay for any foss or damage insured against or for failure by Trustor to effect the insurance required hereunder, in the event
<br />of loss. Trustor shall give prompt notice by mail to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not
<br />made promptfy or in proper form by Trustor. All policies of insurance and any and all refunds of unearned premiums are hereby
<br />assigned to Beneficiary as additional security for the payment of the indebtedness. In the event of Beneficiary's exercise of the power
<br />of sale contained• herein, or iiT the event of foreclosure, aft right title and interest of Truster in and to ary insurance policy then in force
<br />shall pass to ti're), uchaser at the trustee•'& sale or foreclosure sale. in case of any loss, the insurance proceeds may, at the option of
<br />ga oticlary , to ate--d by LPW the 1Rdf*hfedn9sS, or any part thereof, and in such order and amount as Beneficiary may
<br />determine; or sad inWranc p seeds, at the option of Beneficiary, may either be used in replacing or re,^: taring the Trust Property
<br />parYally or to taffy destroyed pa, a condition satisfactory to Beneficiary, or said insurance proceeds, or any 0offion th ereof, maybe
<br />r, teased to Truster. Unless Beneficiary and Trustor otherwise agree in writing. any such application of Insurance proceeds shall not
<br />wand or pos,*I'm the due date of th e Note, or any installments caged for therein, or change the amountafsuch installments. ii the
<br />Trust Property is ecquired by Beneficiary pursuant to the exercise of the power of safe or other foreclosure, all right, title and interest of
<br />T TWr in and tc any insurance proceeds payable as a result of damage to the Treat Property pillar tc die sale or acquisition shall pass
<br />rn Beneficiary and shall be applied first to the costs and expenses, including atter>•rey fees, incurred hrcrllecting such proceeds, then ,
<br />it tfine manner and in the order provided herein.
<br />$. Prasservafior, arrd Maintenance of Trust Property. Truster will keep the buildings and other imprc vements now or hereafter erected an
<br />the Trust Prc&rty in good repair and condition and will not commit er permit waste, will not afhirthe design or structural character
<br />constituting a!y IJuiiding now or hereafter erected on and constitrdbig (he Trust Property without the prior written consent, of +
<br />Beneficiary, wolf riot do any act or thing which would unduly impair or depreciate the value ct the trust Property and wrli not abandon _
<br />the Trust Property. Trustor will not remove any fixtures constituting the Trust Property unless the same are immediately replaced with -
<br />like property subject to the lien and security interest of this Deed of Trust and at at least equal value and utility. Trustor will comply with
<br />all present and future ordinances, regu .stcns and requirements of any governmental body which are applicable to the Trust Property
<br />and to the occupancy and use thereat. If this Deed of Trust is on a unit in a condominium or a. planned unit development, Trustor shall
<br />perform all of Trustor's obligations under iJre declarations or covenants creating or governing the condominium or the planned unit
<br />development, the bylaws and regulations of the condominium or planned unit development, and the'constituent documents.
<br />g. Invpectfon. Beneficiary or iti; agents may, at all reasonable times, enter upon the Trust Property for the purpose of inspection.
<br />Laneficiary shall have no dlty to make such inspect�arr and shall not be liable to Trustor or to any person in possession it it makes or
<br />fails to make any such inspection.
<br />10. Protection of Security. If Trustor fails to perfui-in any of the covenants and agreements contained in this Deed of Trust or it any action
<br />nr proceeding is commenced which does ar may adversely affect file Trust Property or the irnurest of Trustor or Beneficiary therein or
<br />roe title of Trustor thereto, then Beneficiary, at its cpvon, may perform such comtanan>r End agreements, make such appearances,
<br />detind against and investigate such action or proceeding and take such other action as Beneficiary deems necessary to protect its.
<br />aVerest including, but not limited to, disbursement of reasonable attorney fees and cram, Won the Trust Property to make repairs. Any
<br />emounts disbursed by Beneficiary pursuant to this paragraph 10, with interest therecq, shrift constitute Indebtedness of Trustor
<br />ss6u,ired by this Deed of Trust. Unless Thistor and. Beneficiary agree to other terms aDfPyment such amounts shall be payable upon „
<br />"flue from Beneficiary to Trustor requesting pay }Went thereof, and shall bear fnter?IV -10m the date of disbursement at the default We, +
<br />if at9y, set forth in the Note, or otherwise at the hi,411( t lYate permitted by law. Nodifiig contained in this paragraph shall require
<br />Beneficiary to incur any expense or take any action hereunder. Trustor irrevocably authorizes and empowers Beneficiary to en,'er upon
<br />the Trust Properly as Tiustor's agent and, in Trustor's name or otherwise to perform any and all covenants and agreements to be
<br />performed by Trustor as herein provided. Beneficiary shall, at its option, be subrogatod to any encumbrance, lien, claim or demand
<br />and to all rights and securities for the payment thereof paid or discharged by Beneficiary under the provisions hereof and any such
<br />subrogation rights shall be additional and cumulative security for this Deed of Trust.
<br />11. Condemnation. The procsods of any award or claim for damages, direct or consequential, in connection it W) any condemnation or'
<br />other taking of the Trust Property, or any part theraal, or for conveyance in lieu of o., in anticipation of condemnation, are hereby
<br />assiaead to and shall be paid to Beneficiary. Trustor will file and prosecute, in good faith :Ind with due diligence, its claim for any such
<br />awcg4 orpapyment, and will cause the•same to be coflected and paid to Beneficiary, and, shnidd it fail to do so, Trustor Irrevocably
<br />auffaorizes and empowers Beneficiary, in the name of Trustor or otherwise, to AW, prosecute; •settle or compromise any such claim and
<br />its collect receipt for and retain the proceeds. If the Trust Property is abandoned by Trustar, or, after notice by Beneficiary to Trustor
<br />that the condemnor offers to make an award or settle a claim for damages, Trust > >r fails to respond to Beneficiary within thirty (30) days
<br />after the dsto-such notice is mailed, Beneficiary is authorized to collect and apply the proceeds in the manner indicated herein. the
<br />proceeds of any award or claim may, after deducting all reasonable costs and expenses, including attorney fees. which may have
<br />been incurra�T by Beneficiary in the collection thereof, at the sole discretion of Beneficiary, be released to Trustor. Epp5+3d to
<br />restoration of Trust Property, or applied to the payment of the Indebtedness. Unless Beneficiary and Trustor otherwise agree to writing,
<br />any such application of proceeds to Indebtedness shall not extend or postpone the due date of the Note or the payment of any
<br />installments called for thereunder.
<br />12. Trustor Not Refeased. Extension of the time for payment or modification of any amorhzaticn of the Indebtedness granted by Beneficiary)
<br />to any successor in interest of Trustor shall not operate to release, in any manner. the liabi; -ty of Trustor and Trustor's successors in
<br />interest. Beneficiary shall not be required to commence proceedings against such successor or refuse to extend time for payment or
<br />otherwise modify amortization of the Indebtedness by reason of any tJemand made by Trustor and Trustur's Successor �T
<br />in interest.
<br />13 Financial Information. Upon request of Beneficiary. Trustor will provide to Beneficiary. within ninety (BO) days of the close of each fiscal
<br />year of Trustor, the consolidated balance sheet and statemon! of earnings of Trustor and any and all guarantors of the indebtedress
<br />secured hereby, if any, and will provide and deliver to Beneficiary such other financial Information and in such manner as genehc+ary
<br />may reasonably request from time to tune
<br />14 Financial Covenants In add tion to tin! other financial covenants of Trustor made in any other agreement. ,natturnent o- dccumer:t
<br />Tru5lr;r shall comply with rind shall cause any and all quaravturs cf the IndiyWedness secured hereby to comWY W!th cr t e +n r
<br />r: Jnipla"re With, the covenants, t lhi; p �ragraph shalt t ?Ut U��. :�r ,t rr,��,n�nt5 any fpQullemerrs art, nc!
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