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<br /> 1n$�11a°.?v.�.���(/��L:�!?g� .�f(i:.�lt�/f.'!�j$.w!7�@��Q:h°!CA'•a99!Yh?lSL+EMBt!9vrPf!Unnn nr Assessed.0�8CEU�88!l�dRIS1�11�/If7S7
<br /> PtOpeRy. Trustt�furtlret eg�ees,up�on wrr'tten request�y Benaficlery,to prvnlptty deGver;o Beneliciary ell racorpts for the peyment of
<br /> sach chArpes. Trusbr likewlse ayress to pey all faxes,as�essments ansi oiher charges fevied upon or assessed,placed oi made
<br /> ay�irtst,a m�+�swed by, thts tlsed al Trust o�tha rxadation heraol.
<br /> 5. �aptication aJ P�ym�nts.A!!payments recNved b�r geneticiary as to enp debt,liabllily a obligation awed to Beneliclery Dy Tiusf�r
<br /> ��,a�G:►;p,�,+:vv`ur��neiici�rry iv ii�paymeni vi me lndeoiedness a io any sucn oihe►deor,Iraaiiry or oi►�rgatron,m eny ordQr or
<br /> � mannrr W apphceHion whkh 8eneliClatry.:n its aDsduM aMlcroHa►,daems aPPropdata.tlnfess othxwlse efectad by Berrefictary,any
<br /> such paymsnt ah�Nl bs ds�mtd�pptied fint to ths pAymertf o1 any dsbt,tiabi6ry or obligatfon oth�r Man tha Nate.
<br /> 6 Chaepes;L/ar+s. Trustr�►wdM keep ttec Trust Ptopettyr free horrr at!lians and encumluances NrhlCh rn any way may.tn the(ud�rr►eni o!
<br /> B�iiclary. !►AVe p►lo�ty or+s�,a impdr the security ol,Mls Deed ol Tiust but Tiusbr need not discharge eny se�ch lien so bng es
<br /> Tiustor shaAl apree,�n wriiin�.to pay the obN�at+on sec�red by such(ien In a manner eccepiebla to Beneficlary and shed!n good laith
<br /> aontrst auch Nsn Dy�ppropr�ete leqal prxsedings eflsctive ro prevent tne enfacement o1 Me fien and the/oss ol any lnterestln nr
<br /> , pe+t o1 ths Tiusf Props�rry.
<br /> T. Huard kuuiartc�. Tiustor sh�M kssp ths buiidings end othed Earrpravemer*!s reow exlstlny or herea.*,�s e�.*R�i c�e the Trust Property
<br /> inwrod by insurence Cantsrs saffsfaicb►y M E�-�etkiary agabnst bss by l;r�,l"azards rncluded im�'ae te.�"extended coverage"and
<br /> sLCh oM�er hazarois,cas�ranivs aw►d ctiam`��reg,pe�aa�as as mAy bs reqWred by Bene�iclary.!n such amarncs and for such periods as may be
<br /> � nqukrd by Bsnsliclary.The poAcy oiinsuronee shall ba In f�m acceptab/e to Beneficlay provlde Ma[Me same may not De
<br /> c�nc�IN�d ar moulil�ed wit►wrn NA'een(15)days p�lo�writMn noHce b 8enefkiary. and shdN have Mss p�yable provlsians in favor o1 and
<br /> , In lfom►accsptabls to Bsrrefic/ary.All premlums on lnsurance policles shall be patd in fhe martner provlded under paregraph�hereM
<br /> or.N not pNd in such miu►ner,by Tiva[nr making payment at/eaat lifteen(15j d�ys prla to the due date.direcNy to the lnsurance
<br /> canlsr. BsnsffYci�ry shaN have ths�yM to hold the poticles end renewels the�eol and Tiusb�sha/I promptfy wmisA fo Bensti�lary all
<br /> hnew�l nodcss�nd sl/pald prsmlum rece/pts recefved by it. !n no event shaN BeneBalary or Trustae be held responsibls Iw/arluie to
<br /> p�y lnsurancs promlums a for any bss or demays sHs/ny aut o/a dsfect in eny pdicy or afrsing out ol Any lailurs o1 eny lnsarAnce
<br /> compar►y to pay Mr ury bsa or damape rnsuncl eg�lnst a fbr lailurs by Tiusta to efMct the insu�ance�epu�red hereundsr. In tM ovent
<br /> . , o/Iors. 1'rW(�Oi aheM pive prompt nphCe by m�if to tha lnsurancs car�ler and Bsneliclery.Beneficiary may maks prool of bss tf npt
<br /> . mKN prompffy or in piGps�fam by Tiustor.All poNcles ol lnaurance�snd eny artd ell retunds of unserned promrums u�s h�rdby
<br /> � ��:�n:��0 r:tk+.n:l5.'ji aa a�i"��Jifiij►`ivi s�.:urity:v+!°��:y►r�s::i ot tt�o tr�;faLiaur�a�ss.Jn tha e:��nt�f�nefi�l�ry'��x�rClsa e1 fh���Cr
<br /> ol s/�N ContaJMd hNMn,a In ths evsnf o/lo►ecbsure.eN npAt,bfk end interssf ol Trusta in end to eny insurence pol�cy fhsn In/oncs
<br /> �h�M�aas ta ths purch�ssr et ths ht�stes's sa/e a laecbsuie sab. In case ol eny bss,the insurance proce�eds may,et ths opdon of
<br /> B�eA'ciary, bs appNed by BensliClary upon the lndebteUness,a any pan thereol,and in such order end amount as Benefrc�ary may
<br /> �st�nnJn�;w seld lnsuianCe proceeds,at tAe option ol Beneficratry,may either be used in replecrng a resto�ing th.e Trust PropeRy
<br /> ' p�rd�lty(�toteJly desMoyAd to a conditk�n sahs/actory to 8er�eficiary:ar said lnsurance proceeds,a any porflon thereo/,may be
<br /> rslsaasd b Tiustor.Unless Beneficiary and Tiusta otherwise egree in writing,any such eppiication of fnsurence proceeds shall not
<br /> sxtsnd a postpone the due dete of the fYote,a any instalJments called far iherern,or change the amount ol such lnstallments. H the
<br /> � Trust Properiy!s acquited by BBnefiCiary pursu8nt to the exerclSe ol the power al sa/e or other foreclosure, all righf, title and lnterest ot
<br /> Tru�tor 1n and to any lnsurance procserls pey�ble as a result of damage to the Trust Propc�riy prior to the sale or acquisition shall pass
<br /> to BensfiClery and sA�ll be applied tirst b the costs and expanses,inc/uding aRo�ney fees, incurred in collecting such p►oceeds,then
<br /> In the menner and in tAe o�de�provi�ed herein.
<br /> ' 11. Pr�sssrvatron and Ma�nienance ol Tiust Property. Trustor wrll keep the buildings and other improvements now or herealler erected on
<br /> , the Tiust Property in good repair and conditlon and will not commit or permit waste, will noi atter the design pr structural character �
<br /> - _ - '"'«��•~• �'••:�%" �""""'f'" '""' :ff i.v'Tioii��i�"n"i iii3i rioNoi�y iiiiiivui iirv�viivi Y►iiu6n t,tin3rorii vi i
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<br /> 8enefrciary, will not do any act or thing which would unduly impalr a dep�eciete the value of the Trust PropeRy and will not abandon i �� �
<br /> the Trust Properfy. Trustor will not remove any f�xtures constituting the Trusi P�opeity unless the same a�e lmmediately replaced wrth �
<br /> fike propeRy subJecf to the lien and security inferesl o/this Deed o!Trusi azd ol at least equal value a�d utility. Tiusta wil!compty with
<br /> all p�esent and Juture ordinances,re�gulations and requirements o1 any g�vernmenta/body which are appiiGable ta the Tiust Proparty
<br /> and to the occupancy and use thereol.!f this Deed of Trast is on a unit in a condominium or a planned unit devetopmenL Tiusta shall �
<br /> psrfo►m ap o!Trusia's ob/igatiorts ernder the dectaraifons o�covenants crea�ng or gaverning the condominium or ihe planned unit -
<br /> • development,the bylaws and regutations ol the condominrum o�planned unit development, and the constituent documents.
<br /> 9. Inspeci�ort.Beneticiary or its agents mey,at al�reasonaizte flmes,enter upon the Trust Prope�ty for the purpose ollnspection. ��
<br /> Bsneliciary shall have no dury to make such inspection and shall not de liable to Trustor or to any person rn possession il it makes o�
<br /> laJls to make any such inspection.
<br /> 10. Protection of Security. If Tiusta ta+ls ta perform any ol the covenants and agreements contained m this Deed o►Trust,or if any action
<br /> or proceeding Is commenced whrch does or may adversely affect the Trust Pioperry or tt�e interest of Trustor or Beneficiary;heiein o►
<br /> the tiUe of Trusta thereto,then Beneficiary,at iis option,may peAorm such convenants and agreements.make such appearances.
<br /> deiend against and investrgafe such acUon or proceeding and take such other actlon as Beneficiary deems necessary to protect its `
<br /> lnterost lnc/uding,but nof fimited to,disbursement of reasonable attorney/ees snrl entry upon the Trust Prope►ty to make repairs.My
<br /> _ amounts disbursed by Beneficlary pursusnt to Mis parag�aah 10,with lnterest tt►ereon,shal/constrtufe Indebtedness of Tiustor
<br /> ' secured by this Deed ol Tiust. Unless Trusto►and Beneliciary agree to other terms of Rayment,such amounts shall be payable upon .�-
<br /> : notice fran Beneficiary to Tiustor requesting payment thereol,and shall bear inte�est lrom the date of disb��sement at the defau►t rate, �
<br /> it any,set lorrh in the Atote,or otherwise at the highest rate permitted by law. Nothing conta�rted in thrs paragraph shaH require �
<br /> Beneficiary to incur any expense or take any ac[ipn hereundei. Trusto�inevocably aufhorizes and em.powers Beneficiary to enter upon
<br /> the Trust Property as Trustor's agent and,in Trustor's name or otherwise to pe�lorm any and a!1 covenants and agreements to be
<br /> pe�fOrmed by Trustor as he�eln provided. BonefiGrary shap,at its opUOn,be subtogated to any en�umbranCe,lien,c/aim or demand
<br /> ' and to a!1 ilghts and securities for the payment thereof paid or d;scharged by 8enel�crary untle►[he prov,srons hereot and any such
<br /> Subrogalion rights shal/be additional and cumu/ative secm�ty for th;s Deed of Trust.
<br /> 11. Condemnation. ThA proceeds o1 any award nr claim lor damages,d�rect or consequentlal,in connaction vnth�ny c�ntlomnatron or
<br /> ' ofh8r takrrrg of ths Trusf Property,ar any pe►t ihereol,�i fpr ctr►►vvyance in lrou oi vr in anticipa6on of condenrnatron, a�a hereDy
<br /> assigned to end shall be pa�d to Beneliciary. Trustor wii!f�le and prosocute, m good la�th and wdh due drligence, �ts claim lor any such
<br /> awa�d or payment, and wil!cause ihe same to be co(lected and paid to Bonel,c�ary.and,should it la!l to do so, Trustor�irevocably
<br /> authoriz,es end empowers Beneficiary,in the name of Frustor or pthenvise,to/�le,prosecufe,settte oi comp�om�se any such cJamr and
<br /> to colleCt,receipt(o�and retaln the proceeds. !f the Trust P�nperty is abandonetl by Trustor, or,a/ter rrotice by Benef�c�ary to Trustor
<br /> that the condemnor oilers to make an award or senle a clatm!o�damages. Trustor la,ls to respond to Beneficiary►vrthin thi�ty{30)days
<br /> after the date s�ch notice is mriiled, Beneficiary is autho�rzed to collect end apply the proceeds�n the manner indicated herern. The
<br /> proceeds ol�ny award a claim may,alter deducting all reasonable costs and expenses,including attorney fees, which may have
<br /> been incurred by Beneficiary rn the eollection lheieol, at the sole discretion o1 Benefic�ary.be released to 7rustor.applled to
<br /> restoratlon of Tiust Property,or ap�3lied to the�Cayment of the Indebtedness Unless Benef�aary arr�Trustor otherwise agree rn w��bng. .- -_
<br /> any suCh application of proceeds to lndebtednass shatl n.ot extend oi pos�oo�e the due date ottt-2 Noto or the payment of any
<br /> installments called for thereunder.
<br /> 12. Trusfor Not Releasod.Extension oi the t�me for payment or modd�cat�on ol any amort�za'�on of the lnde6tedness��antQd by Benehcrary
<br /> to any s�ccessor in�nterest ol Trustor shal/not operate to re.'ease,in any manner, the��ab�lrty ol T�ustor and Trustor's successors�n
<br /> interest. Beneficidry shali not be rer�uired to commence�roceedmgs agamst such successor or reluse to extend t�me for payment o�
<br /> otherwise modify amoRization o/the Indebfedness by reason of any demand made by Trustor and Trustor's successors
<br /> �n lnte�est. qt
<br /> L13. Financial lnformation.Upon►equest o!Beneficiary, Trustor w�il provide to 8enef�aary. w�th,n n�nery l90i days o/thc close a!eacn r�sca� �
<br /> yeai of T�ustor,the consolidated balance sheet and statemant o/earnrngs of tiustor and an y and all guarantors o1 the lndebtedness ,�,
<br /> StlCUtod heieby,if any, and w�ll p�ovide end del�rei to Benehc�ary suCh othe�financ�al infamahon and in such manner as Benehc�ary h,
<br /> may rcasonably request lrom fime fo flme. �m•
<br /> 14. Finttnaal Co►�enants.ln add��r�n�o any other linanaal covenants oi Tr�stO�mad0�n�ny Otht�;�yr�a��rnent �nSf/Ulttpfif O/dUG!/m(;nf ��
<br /> 7rustor shall Comply w,th,�nd sha11 Cause any ar,d all qu;�ranto�s ol�hc�Indebtedness SCCU�E'C!hUrCb� to cr,nr�,ly ,�vdh rr h�•�n °
<br /> campbance wdh, Ihulo!lov.vng l�nanc,al covonants I1Ms pa�agraph shau��r,t t�/�p�y�f�uvt�n��n�s�rn,1 re•qu:�e+nrnr�,��rr�n,�t Sr�t '
<br /> lath hure�n 1
<br /> 15. Schpdu/c nIl ea°�o�.- W�Ilurr!on(1U) days�iteJ�dU�n�ind. /�I:Sh,r Shil�l 1(Itru�.h h.Heriehc��uy.r ,�rn•��u�f r r vr,l,��r1�•,I��• iri,�.�r.�. �.r•Ifu�,l
<br /> ronn d!�tn,�:C::u!11�<�Ii.�isf F'rt�J�c��iy. t.�r nny�n.�rt�cr�i Nie�ru�,u�< 4�d�ng�n crrtJ:r;i.i• N,�• n,�n, �.l fh�� ,rr�,u:t•. �,r,,..c u��.rr,�. ,� ,1, :,,nJ,r��,��
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