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<br />Sq.... 101754
<br />TO PROTECT THE SECURITY OF THIS TRUST DEED, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS-
<br />t. PAYMENT OF PRINCIPAL AND INTEREST. Trustor shall promptly pay when due the principal of and interest on the indebtedness
<br />evidenced by the Note, and all other charges and fees as provided in the Note, and the principal of and interest on any Future Advances secured
<br />bir this Trust Deed
<br />2. WARRANTYOF TITLE.Trustor As lawfully seized and possessed ofgood and indefeastbte title and estate tothe Property hereby conveyed
<br />and has the right to grant and convey the Property, the Property is free and cear of all liens and encumbrances except liens now of record. and
<br />Trustor will warrant and defend the title to ttie Prope y, against all claims and demands.
<br />3 MAINTENANCE AND COMPLIOLUCE WITH LAWS. Trustor shall keep the Property I n good repair and condition and shall not commit waste
<br />or permit impairment Or deterioration of the Property and shall comply with the provisions of any lease if this Trust Deed is on a leasehold No
<br />im provem -,nl nOTror hereafter erected upon the Property shall be altered, removed or demolished without the priorwr+tten consent of Beneficiary
<br />Trustor shall comply wrfhatt laws, ordinances. regulations, covenants, conditions and restrictions affecting the Property ar rdnot commit, suffer or
<br />permit any act tofiredone fnor upon the Property in violation of any law, ordinance, regulation, covenant, condition or restriction. Trustor shall
<br />compieter or restate promptly and in gaodworkmanl,ke manner any improvement on the Property which maybe damaged or destroyed and pay.
<br />when due, all claims for fabo: performed and mater; 31S furnished tnerefor and for any alterations thereof.
<br />-4. INSURANCE. Trustor:at its expense. willmatpltaitrwith insurers approvedby Beneficiary, insurance with respectto the improvements and
<br />pexsaha pvoperty, constituting the PropartX, against toss by fire. C:gnin:ng, t:: ria 'do, and other perils and hazards covered by standard extended
<br />i peerage: }no+irsement. in an amount squat to at feast one hu noreL! oa:cant f't 03 %) of the f;,O ren,acement value there,al and insurance against
<br />suetothar hazards and in such amountsasis customarily carriedt oviinersana- operatorsofsimil arprope rtidsorasBeneficiarymayrequirefor
<br />, its. protaction. TrustorwillcomplywithsuchotherrequirementsasBeheficiarf. tyfromtimetotimereq_ estforiheprotectionbyinswaT !ceofthe
<br />interests of the respective parties. All insurance policies maintained pursuant t6fhi6Trust Deed shall name Trustor and Beneficiary as insured, as
<br />lherrresp&ct ve interests may appear, and provide that there be no cancellation or modification without at least 35 days 77iprwrrtten notification to
<br />TrusteeanclB2neficiary may procure such insurance in accordance with the provisions of paragraph 6hereof. Trustor wnml deliver to Beneficiary
<br />the original policies of insurance and renewalsthereof or memo copies of such policies and renewals thereof. Faiiure to furnish such insurance by
<br />Trustor, or renewals as required hereunder shall. at the option of Beneficiary, constitute a default
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<br />5. TAXES, ASSESSMENTS AND CHARGES. Trustor shall pay all taxes. assessments and other charges.'including, without limitation, fines
<br />and impositions attributable to the Property and leasehold payments or ground rents, if any, before the same become delinquent. Trustor shall
<br />promptlyfurnish to beneficiary all nohcesofamounts due underthiSparagraph, and in the event Trustor shall make payment directly; Trustor shall
<br />promptly tarnish to Beneficiary receipts evidencing such payme -zis. Trustor shall pay all taxes and assessments whtct? Tay be levied upon
<br />Beneficiary's interest herein or %.,pon this Trust Deed without reqarmmt any law that may be enacted imposifig payment o' V "e whole n: any part
<br />thereof upon the Beneficiary
<br />6. ADDiTHMAL LIENS AND PROTECTION OF BENEFICIARY'S SECURITY, Trustor shall make all payments o` ^r:. -bsl and principal and
<br />payments olany other charges, fees and expenses contracted to ne paid to any existing or subsequent l,enhotderr" �:r':f°neficiary, under any
<br />existing or subsequent mortgage or trust deed before the date my are cwingect a! it default. and promptly pay and dr9;.'sarge any and all other
<br />bens. claims or charges which may jeopardize the security granted herein If Tr,;; Lr *ails to make any suctr payment or fails to perform any of the
<br />covenants and agreements contained in this Trust Deed, or the Note referred to he: ern. or in any prior or subsequent trust deed, or if any action or
<br />proceeding is commenced which materially affects Banoiiciary s interest in the Property. including. but not limited to. eminent domain proceed-
<br />ings. proceedings involving a decedent, notice of saleby Trustee notice of default by Trustee. mortgage foreclosure iicN:)i. or it Trustorfa is to
<br />pay Trust;,—; �Cebts generally as they become due. tnen Beneficia *y, at Beneficiary's option and without notice to or detnard upon Trustor and
<br />withou;ra ng Trustor from any obligation hereunder. may make such appearances. disburse such sums and take suchi ,.chinasisnecessary
<br />to protect Seneficiary s interest, including, but not limited to, disbursement 0.. reasonable attorney s fees, payment. purchase. 'C': ^test or
<br />compromise of any encumbrance, charge or lien. entry upon the Propertyto mc;.;: repairs. or declaration of default under'tiiis 1 nt <.t.l). ?rt: In the
<br />event that Trustor shall fail to procure insurance or to pay taxes, assessments. or any other charges or to make any payr; :i•is In -1. !? t ,yt.ng or
<br />subsequent i!enhotderS or existing or subsequent beneficiaries, Be- eficiary may procure such insurance and make suc` :.r ;.:yc'+enl. b.: shall not
<br />be obligateoto do so. Any amounts disbursed by Beneficiary p;ir• :,.ant to this Paragraph 6 shall become additional m_, - zitedness of Trustor
<br />secured by ?fns Trust Deed. Such amounts shall be payable upon nonce from Beneficiary to Trustor requesting payment theroof. and shall bear
<br />interest from the date oldisbursement at the rate payable from time to time on outstanding principal under the Note unless pdyinenl of iWarestat
<br />Such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate permissible under applicable
<br />yaw ;contained in this Paragraph 6 shall require Beneficiary to incur any expense Of take any action hereunder
<br />7 ASS!iG*MENT OF RENTS. Beneficiary shall nave trio right, power and authority during the continuance of this Trust Deed to collect the
<br />rents, issues and profits of the Property and of any personal property located thereon with or without lakmq possossion of the property affected
<br />hereby. and Trustor hereby absolutely and unconditionally assigns all such rents. issues andprofils to Be,4� I')-,tary Beneficiary, however hereby
<br />zonsentsto the Trustor'scollection and retention of such rents. issues and prollts a s they accrue and be': :,5!',� payable so longas Trusterrs not. at
<br />such time in default w.1.h ItItipectto payment of any indebtedness serureo or in I.1.e petfrirrr?T,.co any agreement hereunder Uponany
<br />such dolnull; l3en(: ficla +ymayat any brnta, either inperson byry+, nl, oinyeicY :r,verobeappuUdt ;riL}ar.,urt without notice and w,thouIregard
<br />tothearlgtf011lig fit 0010lt'dy for trio Indobledness hereby secajild, prt) Prmyt upon and take pG%scss!on ritAllo Properly or any pail thereof. and in
<br />1s Ownn6n► riItiefor Ot othet. rsecollectsuchrents .Issu-3st :nJSptolUs "nr.lud- rig',hosepastdueanti unpatil ,'andapplythesame tesscostsand
<br />mi enses iPUperalion and' conection. including re.ttaunlible afwrr,sy s tees. upan any Indebtedness seeurtiC hereby. and in such order as
<br />841lefiriary may determine: (b) perform such acts of iepirtr ill p440uic► ion as rray be necessary or prupe+ to entinurve 1h8 vai::e of the Prcoerty. I c)
<br />liaasethe5 :ameo: any part thereof for such rental, tern.+ 'onJ{upt3nrlUeh ; end ,tionsas,tsludgmentmayd,ctata, ortermmatupt adjust the terms and
<br />condrbons+,Tl:exislmgleases Unless Truster and Benet: ciarytt000f agree Whurrnseinviriting anyapptic atlunofrdnts,+6�uesorprobtstoany
<br />indebteyne.4tr'6ecured hereby shall not extend or postpone thu.*duu•/ldte tU 1he installment payments as provld9d in said promissory note or
<br />r. hangetheairlourtotsuchinstallments the enterInguponandtakingpOSSe6ewnoft hePropertythecollectlunotsuchrents .issuesandprofits.
<br />.1nd the a01111rulion theteot as aforesaid. shall not waive or cure any default or notice of default hereunder or lnvandate any ail done pursuant to
<br />nun: hncticu .TrustotalsoassignstoBenefici any. as further secutity for the perfn• manceof the obl :gationsser..uredherehy ailnr ?paid rents anti M;
<br />Ir. on: eswhi eftinay have been or may hereafterbedepos: tedesi thsat dTIusturby ail y lessee otI ►;eP•upe'ti toseruref ^.'E'p JmEnfpranvrerft
<br />4amages, or uporr default in the performance of any of the provisions hereof Trustor agrees t.r de' vet SuCn rpniS ar;ri AnpnYi� tU �lpngt,c.a.
<br />Delivery of written f:Ut,ceofBeneficiary s exercise ofthe rights granted here n tUar,irtUnartE7CCi,.�(Ir�s? yo e n 5e55 �3 tl?E Burt c sitters are
<br />said tenant topay rent to the Beneficiary unki further notice
<br />9 CONDEMNATION. If fills tb any part of the Property shall be taken in condemnation picceedlrgi, by right Of er^mert d :,inn n ut !,.w ,;It
<br />action• or sF.9lf be Sold under threat of condemnation alt awards. damape5 and braceE!da atn hPrphy acc..nct� sn t cn3:! r,a f . y.,.: r. ...
<br />amo sna:r app!v Surh awards damages and proceeds to t're sum secured bit th's Trust Deed u.tr t• E excess •' an r ; -� a •a t ;,•.t r n rt ,t
<br />rece,uos any III Olice or other ,nfurmaltur, regardirg. sccn actors Ur proceedings Trustor sh a't g,ve cro rpt wrrtpn r,Oi•c�• 1r .u.,.� fit ?L•r; • , ,,
<br />Ber.et,c,ar y 9natifad ent4ipd at,is uphun b!:C,rnr'p -:e appear •n and prosec_'> ,' :1 r. En,r nd""e a "'. Ste; ' aC 1 l," L• f•r:: • t'.'. r.l� •n "t ,
<br />enl -Fed tiJ (natte any comprom ip Gr setIlernf'nt'r, is —e`t 09,r. 1h Any suit a'i 5r, i.r• �roCFe� ^q; .
<br />4 FUTUREADVANCES Uoc reaue.00Ttusr, Be,2i __-ialENnct_ a Z"'. •• „ ,,
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